The total credit market debt of the USA is 51 Trillion Dollars...It's also the money supply of the USA. So the total debt of the USA is 51 Trillion Dollars.
The public debt or US Federal Government debt is the amount of money that the US government has borrowed from the money supply of the USA which is the total credit market debt...
US consumers since 1944 have requested the commercial banking system to manufacture 51.2 Trillion dollars of new money...which is credit...which is debt.
While in the same time period the US Congress has authorized the US Treasury to issue 10.6 Trillion Dollars worth of Bonds that were sold into the market or used to borrow 10.6 Trillion Dollars of the 51.5 Trillion dollar money supply.
The US Government has not expanded the money supply of the USA...The consumers have.
M3 in 2006 before it was discontinued was 10.2 Trillion dollars. While the total credit market debt or money supply was 45.3 Trillion.
M3 was discontinued to hide the collapse of the real estate sector...It would have shown up in M3.
And then you could point to the great depression of 1990 and say...look it's an instant replay of that collapse...But with it discontinued...You can't and the just think positive cheerleaders can just deny for 2 years basically.
And by that time the general population would forget who was the FED chairman in 2006...
By the time all the yuckies showed up and could not be explained away by the don't worry be happy fanboys anymore...Ben was the FED ventriloquist dummy.
That little trick postponed realization by a year and a half.
The bond markets that are driven by consumer requests dictate the direction the FED has to go. Rates have been driven down by consumers for the past 28 years in the USA and ultimately the world...the FED has just followed along the whole time.
Sure the FED could have said...sorry Idiots...the rates are too low so we will not follow along...the US and global economy would have imploded to oblivion and the culprits...The FED would have been blamed.
Sorry idiots...But it's all of you functioning on a daily basis that dictate what the FED does.
The FED has been following along for its entire history.
The FED tells the sheeple that they can set rates and the sheeple believe them.
That's what sheep are trained to do.
You disagree? I don't care...at all...In the slightest.
I'm not a sheeple and I'm well aware that sheeple have been brainwashed to think the FED has magic powers. They don't...the FED has almost zero ability to set rates...and a very limited ability to engineer rates.
It's the consumers in the economy which dictate profit yields. If consumers are maxed out and broke..there is nothing the FED can say or do. The only power the FED has is the power the sheeple believe the FED has.
For years you sheep were telling me that hyperinflation was going to happen...Because Ben told the sheeple about the magic printing press in 2002 and all the sheep believed him.
That's all Ben did in 2002...Engineer the inflationary expectations of the sheeple.
And the sheeple piled up all their bets on hyperinflation and lost...
The whole time I was saying that it's not going to hyperinflate...it's going to implode.
That's what it is doing because I'm not a mindless sheeple that believes the FED has magic powers...I actually took the time to figure out if the FED could set rates like they say they can...and they can't.
They can't set rates...They can engineer rates higher or lower for short periods...But without volume to back up the engineering...the rates will not hold.
Lets say the FED needs to hold rates at a certain level...But there is massive volume driven by desperate consumers pouring into the bond markets...When bonds are bid up in price yields are forced down...All the FED can do is sell treasuries into the market to increase supply by the required amount to stop the rally.
One slight problem...The FED can't issue treasuries...The US Treasury can increase the supply...but requires authorization from Congress.
How does the FED keep rates from dropping too fast if their supply of treasuries runs dry?
And sure the FED can buy Treasuries to cause rates to drop...but without volume to back that up...the rates will rise and the FED will be forced to follow along.
Trillions of Dollars of bonds trade on a daily basis...The FED does not have an ability to sustain engineering efforts for long.
The consumers in the economy must back up anything the FED does or it will fail.
If consumers are maxed...there will be no way for the FED to hold these rates down for long..and they will explode upwards.
The consumers have stopped playing along with the FED because the consumers are maxed out and can no longer request the commercial banking system to manufacture the required amount of new money to sustain the FED's game.
The free market is as free at the owners decide.
None of you own it...none of you ever will.
As for JPM...Currently the social engineering is that irresponsible gamblers made insane bets that were wrong.
What is really going on is the reaching of maximum potential compounding.
So when JPM implodes...The masses that have been conditioned for years will accept the current social engineering as true.
It's why the derivatives are being piled up into JPM...
Keep your eyeballs fixed on JPM.
The Banks you hear nothing about are the real culprits.
As far as I know JPM was turned into a front back in 2002...
Bankers know that it's impossible to compound forever...solution...set up a new bank and run the old into the ground or just create a front bank and rescue its assets for fractions of their former price.
The derivatives are just like the explosive changes planted in an old crap heap scheduled for destruction.
The free market price of GOLD is currently 831 US Dollars per 1 troy ounce.
So all you have to do is tell me how a Gold backed currency would work.
From the U.S. Constitution
Section 8. The Congress shall have power...
...To coin money, regulate the value thereof, and of foreign coin, and fix the standard of weights and measures .
Ok what is the US Congress defined Dollar?
What is the value of 1 troy ounce of Gold according to the US Congress?
Who invented Congress and who gave it the above power?
Attachment of interest to money will convert the entire money supply into debt that will have to compound forever...
Interest rates are dictated by consumers...
VOLUME...If the volume does not show up to support these currently low rates...Then the rates will have to rise.
Which will annihilate the consumers...
Production cuts are being implemented to cut supply so that at some point demand will outstrip supply and cause prices to rise.
Around that time the FED will point out that inflation is a problem and will say that they have to raise rates.
To play catch up with the actual rates being set in the debt markets as bonds are dumped to position to catch the minor upswing.
The market crashed in 1929...it did not reach bottom until 1932.
There are stimulus packages in all the major economies that are going to hit as well...The officials will come out and point at a bunch of green arrows and the devout followers of the just think positive ignore the negative religion will breathe a sigh of relief...
After all this hijinx is consumed and crapped out...Everything will begin collapsing again...but worse.
There's years of slow torture in store for all you idiots.
Increasing taxes on the rich or top...is stupid...The top sucks from the bottom to the top...Increasing taxes on the top only causes the suck from the bottom to the top to accelerate.
Where do the so called rich get all the money to pay their taxes now?
Like all things the rich have...from the bottom.
Demand more from the rich and they will have to demand more from the bottom to supply the demand.
The top wants you to strive to become absolute capitalists...That way if the system is threatened you will rush to its defence also when it reaches maximum potential and implodes in your stupid faces...you will quickly rebuild it for them.
Governments?
"The subjects of every state (Bottom) ought to contribute towards the support of the government (Top), as nearly as possible in proportion to the revenue which they respectively enjoy under the protection of the state."--Adam Smith, Wealth of Nations 1776
Governments of the absolute capitalistic hierarchial food powered make work enterprise are administration systems of the enterprise constructed and sustained by the bottom or employees at the demand of the top or owners of the absolute capitalistic hierarchial food powered make work enterprise.
"(Absolute) Capitalism is the astounding belief (delusion or a lie you tell to yourself) that the most wickedest of men will do the most wickedest of things for the greatest good of everyone."--JOHN MAYNARD KEYNES
"America's abundance was not created by public sacrifices to "the common good," but by the productive genius of free men who pursued their own personal interests and the making of their own private fortunes."--Ayn Rand (Absolute capitalist)...Entertains the above mentioned astounding delusion.
"I am rich and proud of every penny I own. I made my money by my own effort, in free exchange and through the voluntary consent of every man I dealt with — the voluntary consent of those who employed me when I started, the voluntary consent of those who work for me now, the voluntary consent of those who buy my product. I shall answer all the questions you are afraid to ask me openly. Do I wish to pay my workers more than their services are worth to me? I do not. Do I wish to sell my product for less than my customers are willing to pay me? I do not. Do I wish to sell it at a loss or give it away? I do not. If this is evil, do whatever you please about me, according to whatever standards you hold. These are mine. I am earning my own living, as every honest(?) man (Woman) must. I refuse to accept as guilt the fact of my own existence and the fact that I must work in order to support it. I refuse to accept as guilt the fact that I am able to do it and do it well. I refuse to accept as guilt the fact that I am able to do it better than most people — the fact that my work is of greater value than the work of my neighbours and that more men are willing to pay me. I refuse to apologize for my ability — I refuse to apologize for my success — I refuse to apologize for my money."--Ayn Rand again (Absolute capitalist) who became rich taking more than she gave entertaining the masses with fiction (Lies) Which she claims to be better than most at telling.
Economic carnage caused by big government run amok...Is an effect of the cause...not the cause.
It is a comedy...You all stare at effects and think they are causes.
Like really at some point you all will start picking sides in a war and basically fight to the death trying to reacquire what you never had to begin with or obtain what you never will.
In the end...You all will choose to do it all over again....like all those who existed before you all existed.
Human beings can choose to be responsible capitalists and share as equally as possible as opposed to choosing to follow the path of least resistance like bacteria do by default.
The whole Universe is capitalistic...to escape capitalism...You would have to figure out how to escape the Universe.
Taking more than you give is the same as chopping down tress faster than they regrow...A mindless animal would choose to do that...Like bacteria consuming and reproducing until the supply of food is used up and then having a massive die off.
But Human beings are not like bacteria following the path of least resistance by default.
Human beings can choose.
To be responsible capitalists instead of absolute capitalists.
But following the path of most resistance is much too hard.
It's much easier to choose to follow the path of least resistance like mindless bacteria.
Marching to your doom with glee.
Which is what you animals trained to call yourselves Human beings have done for the past 65 years.
Taking more than you give...chopping down trees faster than they regrow...
Until there was nothing left to take...The trees ran out.
Time to suffer the consequences of that choice.
Taking more than you give is also plunder.
"When plunder (Absolute capitalism) becomes a way of life for a group of men living together in society, they create for themselves in the course of time a legal system that authorizes it and a moral code that glorifies it." (An ecosystem where yield locusts thrive and multiply)--Frederic Bastiat, The Law
Loss of Internet will be due to lack of funds to sustain it...You think all that you see is free?
Just to sustain the continued operation of the USA and world during 2007 required US consumers to request the commercial banking system to manufacture 11 Billion dollars of new money/debt per day.
The modern technological versions of these absolute capitalist hierarchial food powered make work enterprises require massive monetary expansion to sustain. Without some kind of emergency actions it will be impossible to sustain electricity and such.
The NWO take over plan...Is a fairy tale to keep the hoodwinked busy trying to implement it.
The top have known all along that it's impossible to sustain the compounding Interest equation.
They figured it out 1000's of years ago...
This implosion was inevitable...
Those that have accepted the NWO programing will of course believe that the implosion is all part of the plan.
Internet down because the top is worried that you will use it to organize?
The top offered it to you for free to get you hooked in the first place...and you just spent years socially engineering each other.
You are in control of you...If someone else chooses to take more than they give...There is really nothing that can be done...
The system has not changed in all its history...All it is designed to do is inflate to maximum potential and then implode.
That's all it can do...It's a wave.
Until you all choose to stop taking more than you give...There will never be a change.
Divide 100 by 3...you get 33.33333 repeating forever...so sharing everything as equally as possible is hard...or the path of most resistance.
But if you just chop it up into 33 33 and 34...you find that taking more than you give is easy...the path of least resistance.
You all can choose to follow the path of most resistance...but you choose to follow the path of least resistance like lightning bolts and bacteria...That are mindless...and basically follow the path of least resistance by default because lightning bolts and bacteria have no choice.
You all have chosen to be mindless followers basically.
It's why you all constantly ask me to answer questions...
How do I know the answers and you do not?
It sure is easy to sit back and let others do the thinking that you are supposed to be doing...
The top does not actually control you all...You all choose to follow the path of least resistance and the top just capitalize on that knowledge you all are unaware of.
It's up to you to figure out where you fit in...
Truth can not be shut up...whether I point it out or not...Truth exists and can not be escaped from.
Solution? Your solution is to just think positive and ignore the negative.
Lies and delusions, which are lies you tell yourself, are positive.
Truth is negative.
Cherished delusions are lies you tell to yourself and fall in love with.
You will fight to the death to protect that which you cherish.
Truth is the enemy of lies.
Those that employ the just think positive ignore the negative equation see Lies and Delusions, which are lies you tell yourself, as positive.
and Truth is negative.
You are in a searech for something you don't want to find.
You did not come here in search of truth...you came here to promote or are looking for support for your cherished delusions.
The top know that the Universe is capitalistic...The top want you to fall in love with absolute capitalism.
That way when the system, which is a mass cherished delusion, is threatened you will fight to the death defending it...Also when it reaches maximum potential and implodes in your stupid faces...you will quickly rebuild it for them.
The above is Truth whether I'm here to point it out or not.
As long as you see truth as negative the solution will be to run from it and embrace delusions.
But ultimately you are running from that which you will inevitably smash into.
There is no solution to the problem of Truth...
Basically you are all searching for the answer to 1+1=? but ? can not be 2....because 2 is truth which is negative and ignored/rejected in favor of that which is positive...lies and delusions.
It's why none of the solutions in all recorded history have worked or will work.
That's the hell all those who worship the just think positive ignore the negative religion burn in.
I'm not the one burning...You are and it's up to you to choose to stop...It's not my choice.
If freewill is not given a choice it will resist...If you are forced to wake up...you will basically fight to the death to remain asleep.
You will either choose to wake up or not.