Hyperinflation of the money supply is a possibility. As to how to do it...I don't know...You would basically have to issue checks to every person in the USA...for ever greater amounts.
First problem is that if a hyperinflation were to start...the rest of the world would have to follow...or else imports into the USA would become too expensive and the USA would collapse and the rest of the economic zones would then collapse.
So the world would have to hyperinflate if the USA was to hyperinflate.
Just like now...Where the US is deflating causing the world to deflate.
To cash in on the PM jackpot would take perfect timing because once a general hyperinflation of prices became self sustaining the prices of PM's would become relative.
You have to sell PM's close to the spike tops...Otherwise you will just be using an ounce of silver priced at $100 to buy a couple loaves of bread.
What I think you all don't seem to grasp is that the Global trade system of which the USA is the primary driver of...has reached maximum potential and is imploding.
Any way you slice it and dice it...Inflation greater than previous inflation to maximum potential is followed by inflation less than previous inflation to maximum potential once the maximum potential of inflation greater than previous inflation is reached.
It's a wave...THERE IS NO WAY TO SUSTAIN INFLATION GREATER THAN PREVIOUS INFLATION FOREVER.
It's not just the USA in debt up to its eyeballs...Every economic zone on Earth is. The same banking system in operation in the USA is and has been in operation in every economic zone on Earth...for 300 years.
Three times GDP is the total debt and money supply of most countries.
All the money circulating globally is debt....the US portion is 51.8 Trillion...
You are all in the global system...the total debt of the global system is around 200 Trillion equivalent...
The only place to obtain the money needed to service the debt...Is from the global system you are in. In a system...An increase in demand from anywhere in the system spreads through out the entire system.
Basically everyone is in debt to everyone and the only place everyone can get the money to service the debt is from everyone.
The cost to service the debt is hidden in the cost of everything on Earth.
The rent due for the global money supply that everyone on Earth is renting is hidden in the cost of everything on Earth.
At this point they are just trying to engineer public perceptions...They should be able to engineer a bounce...Well they need to...otherwise the spring real estate bloom will not have a chance.
It will be game over way quicker than anyone can imagine. It takes money to keep this server operational...If a controlled collapse can't be maintained...the implosion will accelerate and shut the world down basically in the blink of an eye.
The easiest way to manipulate the public perception is the US indexes...It's the biggest bang for the buck...
Monday is basically do or die as far as I can tell...They need some green arrows to back their lies.
87 was just like this...US consumers became exhausted and slowed their requests for commercial banks to manufacture more new money causing a real estate bubble within the bubble to pop...the money flying out of there in search of yield flooded into the stock markets...causing the growth rate of the money supply to slow...at the core of all the accounting algorithms is the compounding interest equation...
Failure to supply that GOD you all worship aware or not with the required tribute has negative consequences...
Default...triggered a cross default shockwave that ran through the US economy that is the largest consumer of global exports which then spread out into the rest of the world...It led to the collapse of Japan...The Berlin wall collapse and Tiananmen Square were staged around that time.
The Global system needed massive inflation to escape the implosion...China and Russia were opened up to absorb massive amounts of US consumer debt inflation...
That trick is not going work this time...
Basically the US real estate sector was able to inflate greater than previous inflation from 1991 to now (2003 to 2006 was just a bubble withing the 37 year old US real estate bubble) due to all the economic and social engineering feats accomplished during that period.
WW2 worked great at liquidating assets that had transformed into unfundable liabilities. Six years of mass liquidation...led to the current 65 year boom...The boom before? 1919 to 1929...was 10 years...The bubble formed from the post WW1 roaring 20's looting of Germany carry trade.
1929-1933 was the global collapse...followed by the 1933 to 1945 bankruptcy reorganization of the global trade system.
In 1944 Bretton Woods made the US Dollar the new Global trade medium of exchange...taking over from the British Pound and by default the US consumer became the demand of the Global system...taking over from British consumers.
So a boom of 10 years followed by a bust of 15...Pre 1900 boom bust cycle was 5 years or so of boom followed by 5 years of so of bust.
I wonder how much bust is going to follow a 65 year boom?
We are just baby steps into this bust.
There is lag...The general population are oblivious drones that need to see something to believe it.
Right now a monster beyond their abilities to comprehend is coming to slaughter their hopes and dreams for the future...Maybe even annihilate them all together.
Of course at some point there will be some kind of event or new lie to cover the old one that has reached maximum potential and is self destructing.
In 1919 the debt to income ratio was around 120% or so and it spiked up to 260% during the roaring 20's then collapsed down to 15-120% around 1945 and now has spiked up to 360% after the roaring 6 decades.
You all did nothing at the start after the 1933-1945 bankruptcy reorganization of the global trade system....Because you all don't have the foggiest clue what you all have to stop choosing to do...
The banking system in place right now has been in operation for 300 years and has had many depressions.
This is just the latest.
And yes...lending your money to someone else to spend is not saving...correct...nice to see some are starting to wake up and putting 1 and 1 together.
It's hard to believe that for many centuries now you morons have believed that lending your money to someone else to spend is saving.
You would have to be suffering from some kind of mental retardation to believe that lending your money to someone else to spend is saving.
Like you would have to be a total mindless fool that was letting others do the thinking for you all these centuries to believe that lending your money to someone else to spend is saving.
Just a stunned idiot with a stupid grin on your face.
Like if Gold were to become money again...I wonder if you would start thinking like that again...you know...lending your gold to someone else to spend and believing that you are saving your money...
By earning interest on it?
I wonder if you all will fall for that again...like you all did 300 years ago?
Well as long as you are all oblivious morons that have no clue...of course you all will.
Sir Josiah Stamp, former chief of the Bank of England in 1927, warned: “If you want to continue to be the slaves of bankers, and pay the cost of your own slavery, then let bankers continue to create money and control credit.”
Before credit systems you all gave Sir J's predecessors your gold to save and you were paid interest and all your gold was lent to others to spend...until it was utilized to its maximum potential and then IOU's were introduced to keep the compounding interest game going.
This current system financed the industrial revolution up to this point...So get rid of it and press the rewind button back 300 years.
This is going to be a comedy watching all you brain dead oblivious morons try to survive the consequences of your choice to be oblivious brain dead morons.
Loans...and the consumer is requesting those loans that are backed by collateral...The consumers being the banks.
And if the US economy does not return to what it was doing 2007-2008 and then to 2006...there will be no way to pay those loans and the banks will have to borrow more...as long as they have collateral.
The collateral that the retail customers of the banks have to create by requesting banks to manufacture more new money.But the retail consumers are not...it's why the economy is contracting...not expanding.
Deflating not inflating.
So far I see nothing that is giving consumers more new money to blow...
This current stimulus seems like a big number..maybe to hyperinflation worshipping retarded....but it doesn't even come close to catching up to the growth rate deficit of the money supply.
I was not suprised by the crash at all...and I hardly posted a few months back when you all were going through "the wtf happened to the hyperinflation phase."
Now we are on the upswing again...the crash happened in 1929 but the bottom was not until 1932.
There's still years of suffering to go...decades even...You all have decades worth of gold and silver stockpiled?
I really don't see why you all need hyperinflation and why you think it will last forever?
You don't and it can't.
When Dollars are too hard to get to pay debts that require Dollars...they don't use Dollars...they use nothing and the debts default.
Or in the case of the debt you all owe to the food producers...You begin starving if you can't get any Dollars to pay that debt.
Or the debt you owe to the electricity producers...Your lights go out.
The US government has not printed up any money to clean the bums off the streets of the USA...
All the money/debt in circulation is owed to the top.
The hyperinflation leg humpers think that when the bottom can not pay....the top will just print up/issue what the bottom owes to the top and then hand it to the bottom and then the bottom will just hand it back to the top.
But hyperinflation can happen if there is some way to sustain it past the point at which consumers can't...and the only thing you have is the magic printing press scenario.
like the crash a few months back...remember?
The magic printing press scenario needs to pick up where the consumers left off...but didn't...just like how I said it would play out...the past 7 years...
But ever since Ben came out with the the US Government had an invention speech...You all found a new religion.
The US Government has an ability to...and must use it...Ben promised...
That's basically what the religion you all have been practicing the last 7 years.
And you all are devout followers.
It's destroyed you.
Now it's Hyperinflation is Money...
Pretty pathetic.
Those that believe "hyperinflation is money" care.
They are dying for hyperinflation...ever since Ben came out in 2002 with his 'the US Government has an invention' speech.
That's 7 years...it's a long time to wait for a jackpot.
Sure all along they have been talking about gold standards and honest money and founding fathers...etc...
In the end they are just trying to strike it rich...and after 7 years they are starting to flip out.
I see enough money to shut the masses up...
As long as you all are given enough to prevent you all from having to suffer the worst case scenario...you will all opperate like currently...Whine an do almost nothing.
At some point there will be some kind of social engineering event that will make it so that you all will accept receiving less compensation for more suffering.
Or sacrifice as Obama calls it...
Say China becomes the demand of the world while the US collapses into civil war and self destructs...Then China sends in Mao Tze Washington to put the USA into a communist stasis...Then a couple decades later when China needs to export inflation...The USA opens up to the East and the Chinese consumers utilize the USA population as cheap slave labor.
Until the USA rises up and becomes the demand of the world while China's consumers max out and collapse.
Of course they have to convince their populations that the USA is to blame so they more easily accept the austerity measures that need to be imposed. Woo boy a classic set up for the Chinese sheeple...Man are they in for a monumental shock.
Sure the Government can expand the money supply but there is no way that a printing press or its electronic equivalent can replace the actions/decisions of an economy of 300 Million consumers.
For the past 65 years it was not the US Government or the FED that powered the USA and world to this point it was the population of the USA...and it's up to them to power the USA and the world further...and if they can't...
There is nothing that the US Government and FED or anyone or anything on Earth can do about it.
Consumers create all the debt...
Consumers over the past 65 years have requested the commercial banking system in the USA to issue around 51.7 Trillion dollars of new money which is also debt at the point of creation.
Money is debt and debt is money.
Over that same period of time the US congress has authorized the US Treasury to issue 10.4 Trillion Dollars worth of bonds and sold them into the money supply of the USA "BORROWING" 10.4 Trillion Dollars of the 51.7 Trillion Dollar money supply of the USA or total debt of the USA.
As you can see...when you actually know how the system works...Things look far different.
Consumer demand for more new money creates all the debt in the 600 year old compounding interest commercial banking system.
There has only been one time in the history of the USA where the US Government expanded the money supply outside of the commercial banking system...the Greenbacks of the civil war.
And another before that if you count the Continentals the during the so called revolutionary war.
All that matters in an absolute capitalistic system is short term gain or profit.
It could easily be a scenario where yes...you can sustain the system longer by paying another person in a low wage zone to work while paying another in a high wage zone to not work.
The private sector doesn't care if the state Government runs out of money and collapses...If it's able to sustain the system longer...
Logic rules Reason...
Truth rules lies.
The Universe is not a construct of reason it's a construct of logic.
Do any of you try to think or is it a case of shopping around for lies constructed by those that do think until you find ones you like and then buy them?
The path of least resistance is searching for why you are right...
It's a waste of time defending the people other than you that you have chosen to do the thinking for you. You will never be free from truth...and truth causes you all to run in terror an embrace lies.
As long as that is the case...You all will be at the complete and total mercy of liars. And because you are mortal...You have very little time to escape.
Most of you have not progressed at all...The celebration of Atlas Shrugged is an example of that.
"Objectivism is a philosophy developed by Ayn Rand in the 20th century that encompasses positions on metaphysics, epistemology, ethics, politics, and aesthetics."
"Objectivism holds that reality exists independent from consciousness; that individual persons are in contact with this reality through sensory perception; that human beings can gain objective knowledge from perception through the process of concept formation; that the proper moral purpose of one's life is the pursuit of one's own happiness or rational self-interest; that the only social system consistent with this morality is full respect for individual rights"
There is a choice...You can choose Absolute self indulgent reason or Responsible altruistic logic. Those that choose absolute self indulgent reason believe the needs of the one or few outweigh the needs of the many.
Or full respect for individual rights.
So then you believe in the needs of the one or few outweighing the needs of the many...You believe the King or Queen´s needs outweigh the needs of the subjects...You believe the needs of the political Hierarchy in any political system outweighs the needs of the governed population...You believe lies are superior to truth...
But those that choose Responsible altruistic logic know that the rights of the many outweigh the needs of the one or few.
That is the only way an individual will ever be able to respect the rights of all the other individuals.
The above statement... "The proper moral purpose of one's life is the pursuit of one's own happiness or rational self-interest"
Is incompatible with "the only social system consistent with this morality is full respect for individual rights"
Absolute self indulgent Reason is incompatible with Responsible altruistic logic.
Why point this out?
Imagine I tell you something I think is true but it's false but you believe what I said is true and you follow my instructions and blind yourself for life.
Imagine I tell you something I know is false but you believe what I said is true and you follow my instructions and blind yourself for life.
Regardless of my intentions...the logical conclusion is the same...
Sorry folks but whether you try to lie or not...a lie is not truth and truth is not a lie. Choosing absolute self indulgent reason is following the path of least resistance...Animals are all absolute capitalists.
The path of least resistance is searching for why you are right.
Those who employ absolute self indulgent reason search for reasons to make mistakes and then search for reasons to limit or attempt escape from the consequences of the mistake.
Regardless of my intentions...the logical conclusion is the same...
Imagine I tell you something I know is false but you believe what I said is true and you follow my instructions and blind yourself for life.
Not a mistake.
Imagine I tell you something I think is true but it's false but you believe what I said is true and you follow my instructions and blind yourself for life.
A mistake.
Regardless of my intentions...the logical conclusion is the same...
Mistake is another word for lie.
Those who employ absolute self indulgent reason search for reasons to construct lies and then search for reasons to limit or attempt escape from the consequences of the lie.
I have now pointed out more than Ayn Rand did...why?
"(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.
The above is what you will eventually discover when you choose to stop searching for reasons to avoid thinking.
The path of least resistance is searching for why you are right...
It's a waste of time defending the people other than you that you have chosen to do the thinking for you.
You will never be free from truth...and truth causes you all to run in terror and embrace lies.
As long as that is the case...You all will be at the complete and total mercy of liars.
And because you are mortal...You have very little time to escape.
The vast majority of you won't.
Yes deflation is death...And who wants to die...how do you think you all have escaped every recession the past 65 years?
By giving up...No you all will fight truth...
Ben came out in 2002 and basically said...Don't be afraid of Truth...it's not going to hurt you all...We have a weapon that can slay Truth.
At some point you will need to defeat truth to win...but of course you all have no power to do that and all will look to the FED to unveil their weapon...But they won't...because it doesn't exist.
Truth can not be defeated.
The daydream will then transform into a nightmare.
Until that day...Until the game you are all playing reaches the logical conclusion which is game over and you lose...All of the players will think they are winning.
The system is not deflating because billions of you are slaving day in and day out to keep it inflated...
What do you all think the population of the planet was hired to do?
Why do you think you are here? When you were born...was that inflationary or deflationary?
Yes deflation is death...And who wants to die?
The system is composed of billions and billions of people that don't want to deflate.
BUT GUESS WHAT?
It's impossible to sustain inflation greater than previous inflation forever.
Soon it's going to be time to die and none of you...Nobody on Earth or anything in the Universe is going to be able to defeat Truth to postpone the inevitable any longer.
You all were just born at the wrong place and the wrong time...or the right place and the right time...depending upon your perspective.
This global economic system has been in operation for over 300 years...You all will be long dead before the bottom is reached.
56 comments:
Hi everyone. I bought GE yesterday and it popped over 10% ! Yeehaaa!!!
Hey HyperT - thnx for debunking Ayn Rand. I always new she was a scum-bag - just couldnt quite put my finga on it.
You are the Kingess of the jungle - marry me!
This is the only place I have read that savings equals debt save the writings of my own. The Japanese entered a period of deflation because of debt, not because they saved so much money. There is a wildcard going on and we never know what it is going to be, but the property created out of inflation is still there. It is the money and the debt that will be destroyed. The question becomes how to survive and how to remain free to the point of not being a government slave. We are going to be told we need to bail out the banks while leaving their ownership intact, but it won't be sold as a bailout. Thus the tale of perpetual inflation will go on until the collapse of it all, the beaten horse can't get up and run again. I think I would hold that GE, at least until it gets to zero. That will be a profit over what it is really worth, which is more like what BAC is worth, well into the negatives. Someone will have to sue for equality, the rights and priveledges to operate while defunct as the government has allowed the banking system for some 40 years to operate. Why not let me print some more IOU's to buy property to draw returns that can never be paid?
The whole operation of banking and finance stretches the mentality to the point that it is always easier to go back to the misunderstanding than to understand something that can't be understood. I don't know that there is anything wrong with Rand, as she only writes the picture on the way up. The picture on the way down is the picture of the busted hedge fund and there will be a lot more of those going forward. The world is on quicksand and the point of the matter is that no one really has a book on how to survive or get rich out of this, but plenty think they do. This one is probably to be left for those that couldn't write the book 300 years ago to figure out or a few survivors to write about something that will repeat itself 300 years hence.
I find it interesting that HT chooses China, whose wealth is really nothing more than the debt of US consumers. The US is going to either have to be able to write checks or vanish and the Chinese are either going to have to be able to cash US checks or go down in flames themselves. I don't believe bankruptcy is avoidable.
HT, I don't get the paragraph that you wrote about Chinese becoming the world's demand engine. Were you being sarcastic or do you believe things are coming to that?
People thought the same of the Japanese in the 1980's.
"The Revolution Will Not Be Televised"
but it will be blogged
Why do you think we have wars HT? Big wars create many profitable avenues for the multinationals who can play both sides for a time just like WWII before an event brings out the stars and stripes in all of us.
If what you say is true, China will be in no position to worry about or take advantage of the USA as they have a rather large population known to grow restless when they can't afford a pig for the hut in rural areas, and the the 300 million new middle class in China are toast, and will be headed back to ma and pa soon enough. What to do when the winter wheat crop fails and so many hungry mouths to feed?
We are screwed, but the world is screwed worse, and it's a fact my friend.
HT said:
"Three times GDP is the total debt and money supply of most countries."
So, great genius, tell us convincingly why this is the threshold point (maximum potential) as opposed to something else.
Otherwise you're just a babbling fool like the rest of us morons.
I went to that Hedge Fund called Porsche and blurted out at a local dealer: "I want 50% discount on a 2009 Porsche 911 Carrera". They called security and I was kicked out. I screamed: "Let me go, HyperTiger said its collapsing right now"
Sarcastic...
Maximum potential because consumer debt to income ratios over the pat 65 years have risen to past 100%.
In 2000 they were at 80%...and since then have risen to 130%
Before 100% Consuemrs are basically forced to request commercial banks to create more and more new money.
After...while consumers want to ask for more an more...they are forced to request less and less...
Consumers passed 100% around 2005...and by 2006 they could no longer support the real estate sector in the USA...The banks were forced to give mortgages to basically anyone capable of signing on the dotted line.
where the ydid that or didn't...when mortgages stop being created...the money supply stops growing.
The US real estate sector has powered the global economy for almost 40 years...
It's the engine...and it died...not because of sub prime mortgages or fraud.
US consumers maxed out...and could no longer supply the world with anymore inflation...and now you are seeing the effects.
Sure when the music stops all the scams are exposed...But all this so called fraud and corruption are effects of the cause...Not the cause.
But to the public it's all being marketed as the cause.
Correction to the above.
whether they did that or didn't...when mortgages stop being created...the money supply stops growing.
If you don't know what is going on and you rely on others to do all your figuring...They will eventually be forced to capitalize on that weakness.
To lie their asses off.
Ultimately I'm just some entity you would never have come into contact with...
So after debt to income ratio going back to below 100, can it just stop/stabilize there?
Must we have a collapse? Collapse to how low? 80%? 70%? 60%? 50%? ... 0%??
How to guess / calculate that?
People are not as naive as you paint them to be. More like, passive to a fault, likely to over react.
I'm sure you've read Martin Armstrong and he didn't pollute your thinking. He is also more precise in his predictions of oscillations. What tangibles result he doesn't pretend to know, just when ripe for occurrence.
Even Jim Sinclair succumbs to the futility of it all as he states there is no practical solution to what is occurring.
Hyper, you are the only one that doesn't mention compounding interest in passing. Fee based or simple interest banking even without fractional reserve (I know they have in so much eliminated that requirement in this crisis) would have cost less than the mess we're in now.
Inflating higher than previous bubble numbers, not attainable?
Doesn't mean they won't try. After the attempt then you get your engineered societal mass herding.
PM is not fiat, works for me.
Ayn Rand's birthname was Alice Rosenbaum
Oy Vey
http://en.wikipedia.org/wiki/Ayn_Rand
US financial system on Sep 15, 08 came within 4 hours of absolute total collapse after $550 billion of electronic bank withdrawals at 10:00 AM. (US Congressman Rep. Kanjorski)
http://tinyurl.com/c4suvb
(6 min vid)
3 excellent printed rants
http://tinyurl.com/bdhg3o
http://tinyurl.com/b6wq72
http://tinyurl.com/d6tspv
Someday possessing these 6 little 10 min vids will get you 5 years in a re-education camp
http://tinyurl.com/afydmn
http://tinyurl.com/c8glbg
http://tinyurl.com/cyxaef
http://tinyurl.com/c9672g
http://tinyurl.com/d58eok
http://tinyurl.com/bglmug
Responsible altruistic logic is an oxymoron. You are a fool.
The wants or needs of my fellow man are his own business, not mine.
You seem in your own pathetic way to believe that what we are experiencing in today's society is a rand ideal? Are you joking?
This is the death of socialism you fool. What it will be replaced by is anyone's guess. Only one thing is certain. The economic model that exists today is not capitalism and never has been capitalism.
All life and everything in the Universe including the Universe itself is capitalistic...you fool.
There is no escape from it...
And it's not an oxymoron...fool.
"The wants or needs of my fellow man are his own business, not mine."
Then what are you doing here?
You are an oxymoronic fool.
"Fee based or simple interest banking even without fractional reserve"
100 people deposit 100 silver coins into a bank an the bank lends out 10 silver coins.
there are now 90 backing 100.
The only way to eliminate fractional reserving is to stop lending.
All interest is compounding...
I lend out 100 silver coins an demand 105 back the first year...the second year I lend out 105 silver coins and demand back 110 and a quarter.
The only way to stop the compounding is to stop demanding more back than is lent out.
Stop taking more than you give...Or giving more than you take.
I see.....
When I come out the other side of this frigg'in worm hole we are about to enter, my gold will be just as shiny as when I went in. Can exchange it for any linen I desire.
Wow the universe is capitalistic. That's deep. Oh, wait, I think there is a phrase that summarizes that, yes, I'm sure of it now. It is called "SURVIVAL OF THE FITTEST!"
Now for your new philosophy of "Responsible Altruistic Logic" They attempt to practice that in the halls of Washington DC everyday. Which begs the question, who decides what is best for the group??
You? Hitler? GW Bush?
Who decides what is best?
I'll make my own decisions thank you very much and you can stick altruism up your collective asses.
Lastly, in simple terms you can understand. The existence of lobbyists in Washington DC proves that what we have in the United States is the exact opposite of capitalism.
Capitalism did not get us in this mess. Socialism did. Socialism is nothing more than a group of individuals looking to protect their profits, ill gotten or not. First they will resort to creating laws to protect themselves and then they will use violence.
In the end, nature wins and survival of the fittest wins out. It is called revolution. Wash it clean and start over.
Reasonable Altruism Logic.....Those three words in the same sentence is an abortion.
Lastly, gold is not a hedge against inflation. There is too much competition. Gold is a hedge in deflation. The only hedge as their is no counter-party risk and it has been seen as money for thousands of years.
Don't expect Tiger to understand that, she's just wallowing in her own self-pity. Altruism...precious.
There is no such thing as socialism.
forcing people to love each other is not socialism.
You have been duped...sorry.
Absolute self indulgent reason...is absolute capitalism.
Responsible altruistic logic...is responsible capitalism.
Again there is no such thing as non capitalism.
Yes you can make all the decisions you want...Until the decisions you make affect others...Then they all will decide what the consequences are.
Decide all you want...
Nobody is employing Responsible altruistic logic in Washington D.C.
So far all I have seen them an you employ is absolute self indulgent reason...
You are basically here lying your ass off trying to force others to believe your lies...
Me being one of those you are trying to force.
I don't care about what anyone on Earth does unless like you...they attempt to force me to.
You mooseshama are just a typical autonomous absolute capitalist drone employing absolute self indulgent reason to solve the problem of existence.
Period end of story.
You search for reasons to make mistakes and then search for reasons to limit or attempt escape from the consequences of the first choice.
period end of story.
Just like all your fellow travelers in Washington D.C. and the world.
There are Billions of you all marching to your doom with glee.
A lie you tell yourself is a delusion and if you fall in love with it you cherish it...
And you will fight to the death to protect what you cherish.
You are here lobbying me...You are the one here attempting to protect your cherished delusions from Truth.
You are the oxymoronic abortion.
You think that altruism means that I'm going to be nice to you?
Unfortunately truth is not nice to liars...
All that another needs is truth...that is all another human being needs.
And that's what I'm providing to you...what you need.
I just point out the obvious to the oblivious.
I just point out Truth to liars.
And they like you throw tantrums.
That's what happens when responsible altruistic logic interacts with absolute self indulgent reason.
That's what happens when reason tries to defeat logic.
That's what happens when lies attempt to defeat Truth.
Now if my goal was to seduce you...I would certainly employ absolute self indulgent reason.
I would lie my ass off...Just like you are doing now to yourself and me and just like the clowns in D.C. and the population of Earth pathetically trying to obtain what they want.
I would give you what you want to get what I want...If i was an absolute capitalist like you.
That's how absolute capitalists operate.
But I don't want.
Unfortunately you will never ever get what you want from me unless what you want is the same as what you need.
Because all I give you is what you need.
All life and everything in and including the Universe itself is capitalistic.
You can manipulate the Universe however you choose as long as you don't get caught breaking or attempting to break a rule or get caught attempting to break LAW.
Human beings have no power to make or break LAW.
All that Human beings have the power to do is make or break rules and call the rules LAW.
But if the rule attempts to break LAW...LAW will break the rule.
What does this all mean.
It means that I can like you or anyone else choose to do as I please and there is nothing you or anyone else can do to stop me.
You only know of me because I have revealed myself.
In real life none of you ever see me...
All you see are effects.
You are all guilty until proven innocent.
Why are you here?
You are not here in search of truth mooseshama...you are here looking for support for or to promote your cherished delusions.
How did you get here?
Those who employ absolute self indulgent reason to solve the problem of existence...
Search for reasons to make mistakes and then search for reasons to limit or attempt escape from the consequences.
I don't care about what anyone on Earth does unless like you...they attempt to force me to.
You were the one that chose to make the mistake.
Those who employ absolute self indulgent reason to solve the problem of existence...
Search for reasons to construct lies and then search for reasons to limit or attempt escape from the consequences of the lie.
Hyper you say that you can only give others what they need...Well what if I give you nothing in return?
All that is possible for another Human being to give another is what they need.
If you choose to give me nothing in return...Then that is obviously what I need.
There is no way for you all not not give me what I need.
That is certainty.
That is logic.
Those that employ reason...find that unreasonable.
Those that employ absolute self indulgent reason find lies reasonable and truth unreasonable.
They will reject truth which they find unreasonable in favor of that which they find reasonable...lies.
Lies and delusions promoted by liars and the delusional as hopes and dreams for the future got us here.
Yes survival of the fittest...
There is never a lasting victory over lies and the war against truth has no exit strategy and always ends in defeat.
Truth is obviously the fittest.
You are a weakling mooseshama...
There is no way the lies you tell yourself an others can survive the war to defeat Truth.
Because that is Ultimately what absolute capitalists are trying to obtain freedom from...Truth.
And the only way they can do that is by defeating Truth to obtain absolute power over all an everything.
Truth is the source of all power...
All life an everything in and including the Universe itself capitalize on truth to sustain the continued existence of all life and everything in and including the Universe itself.
Lies need more and more power to sustain their continued existence.
Once lies reach the point where they require infinite an indestructible power to sustain the war against Truth...They require truth since Truth is the only source of infinite and indestructible power...
Lies of course being finite and fragile.
And when lies masquerading as truth require truth to sustain their continued existence...that is revelation and the lie masquerading as truth is revealed to be a lie and the lie self destructs.
And for a lie to defeat truth an obtain absolute power over all and everything you need greater than infinite and indestructible power...no such power exists.
So the absolute capitalist goal of defeating truth an obtaining absolute power over all an everything is impossible to reach.
There is no escape mooseshama.
You and all the rest of the drones will all hack yourselves to pices trying to reacquire what you never had to begin with or obatin what you never will.
Freedom from truth.
There is never a lasting victory over lies and the war against truth has no exit strategy and always ends in defeat.
But like all the just think positive ignore the negatve drones tell me...
Or the just accept lies ignore truth drones tell me.
If at first you don't succeed defeating Truth...try try again.
Mooseshama...You and your brain dead ancestors and the brian dead ancestors of everyone alive have been try try trying for over 6000 years now to defeat truth.
It's what the pure absolute capitalists or employers/owners at the top of the absolute capitalist hierarchial food powered make work enterprise...or war machine to fight truth hired you all to do...
It keeps you all busy.
Marching to doom with glee.
Just add more posts to continue the march to doom...The march to the logical conclusion.
Over an over again...Continue the 6000 year old tradition.
Discover how you got into this mess.
As this insolvency meltdown progresses, it will be a currency crisis not so much inflation/deflation as gold holders wait to see which fiat (new or old) emerges from the smoldering ruin then pile into the new IOUs.
Man these great articles just keep coming.
Gerald Celente predicts:
http://tinyurl.com/de45fy
As I have said before - the American people are too stupid to live - so they wont. Remember, if you are dead or in a concentration camp, your gold is of no use to you. And how dumb are you to think they wont confiscate it - like in 1933.
Anytime you buy any gold other than private party, the retailer has to file a report to the treasury dept on your purchase.
What good is your dumb gold if there is no food to trade it for? Maybe you can melt it down and drink it.
And if you are coming to this site, that means you dont have any quantity to speak of, unlike the players storing millions in private Swiss bank storage vaults.
Thats why I love the internet. Its great entertainment to read the posts of the brain dead cretins who dont have a clue of the fantasy world they live in.
They don't get it hyper. Sometimes I get it and sometimes I don't get it myself. I was trying to tell a guy one time about borrowing money. I asked him how he was going to pay it back and he said he was going to make it. So I asked him where was his printing press?
For you guys too dense, you might read about Hypers food powered work force or whatever he calls it. So, I come with my guns to your farm and tell you that the master says to give him a gold coin. You say, you don't have a gold coin, so I tell you to go to town and take a ton of grain to the servant of my master and he will give you a gold coin which you can then give him. If you don't do this, the master will come and take your farm.
What has happened here? The farmer gave the government a ton of grain for nothing. Next year he will have to give another ton of grain for a gold coin to give to the master, another ton for nothing.
I have 19 rent houses, which is the truth. They aren't mine, they belong to my mother. At one time, they all had mortgages on them. Now they just bring in income. That income piles up in the bank and the government gets some of it, but in sum it piles up. There are thousands and maybe millions of people doing the same thing worldwide, piling up money.
The question is, where are the renters getting the money to pay the rent? Are they making it like that fool thought or are they ih some form borrowing it? I might have enough cash in the bank before long to buy another 19 homes, but in some form, I might already own them, though they are occupied by someone who calls himself homeowner.
The point here is the game cannot go on. I think about it all the time. They are trying to keep the game intact, but the game is over. I was just reading an article that Europe had a $16 trillion banking problem potentially. The US run out of credit one day and Europe implodes to the extent of $16 trillion.
Here is the point. The guys that have cash like my mother could rush in and buy all the bad assets out of the banks. This is all the money there is and after the cash was all gone, no one would have a dime in an account to pay one cent of interest or principal on that pile of assets. What is going on right now, is the pigs are waiting for the bank to lend them the money at next to nothing interest so they can buy at 100% financing what the banks have to sell, so they can buy another million acres to ride their horsey.
This is why it has to implode. They can't make a war to create anything. There are another 5 billion idiots in the world that believe that one.
War has been used for centuries to liquidate assets that have transformed into unfundable liabilities.
WW1 and WW2 are prime examples of this...
After once all the drones have become exhausted hacking each other to pieces trying to reacquire what they never had to begin with or obtain what they never will...The system has basically reached the maximum potential of the inflate less than previous inflation to maximum potential phase and can then begin inflating greater than previous inflation to maximum potential again.
It's a wave.
The top say that the good times will never end...
but when they do...the first to fall are the weakest...The scams...and then the top point at the effects...scams that can no longer operate because they need constant inflation greater than previous inflation to power their continued existence...as the cause.
The population then is fooled into believing that the cause are teh effects of teh cause.
That is exactly what the vast majority currently believe is the cause...or Truth.
"The essential claim of sophistry is that the actual logical validity of an argument is irrelevant (if not non-existent); it is only the ruling of the audience which ultimately determines whether a conclusion is considered "true" or not. By appealing to the prejudices and emotions of the judges, one can garner favorable treatment for one's side of the argument and cause a factually false position to be ruled true."
--Sophistry A.K.A Democracy or Truth by Popular delusion/consensus
Which is what the mass media have been doing 24/7 for a few years now...Basically investing 100's of Billions of Dollars blasting the population with the effect of the cause is the cause lie.
The collapse of the sub prime mortgage sector run by fraudsters is the cause.
But the cause was the system reaching maximum potential inflation greater than previous inflation...
There was not, is not, and will never be, a way to sustain inflation greater than previous inflation forever.
The sub primes were actually implemented as a way to postpone the arrival at the maximum potential of inflation greater then previous inflation to maximum potential for a few more months.
It was just an effect of the cause...
The compounding interest system.
Or the exponential growth system.
The absolute capitalist hierarchial food powered make work enterprise.
The top or owners/employers of the enterprise hire all below to power it's continued operation.
When a student exposes the social engineers to truth behind their lies they inculcate to the indifferent...the social engineers inform the student that their job or function as student is to be engineered by the engineers or they will be escorted out of the social engineering institution...force will be increased in proportion to the resistance until the student performs their job or function as they are supposed to according to the accepted rules of the game of absolute capitalism.
"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
Simplicity adds up to the multiplication of complexity which is then divided unequally and subtracted to obtain the required yield of power the absolute capitalists want to manipulate the Universe how they desire.
All it can do is inflate greater than previous inflation to maximum potential and then it begins inflating less than previous inflation to maximum potential once the maximum potential of inflation greater than previous inflation to maximum potential is reached.
or implodes...poof.
That is all these things are capable of doing.
Explode then implode.
Inflate then deflate.
Rise up then fall down.
“The study of money (Power), above all other fields in economics (Power accounting), is one in which complexity is used to disguise truth or to evade truth, not to reveal it.”
--John Kenneth Galbraith Money: Whence it came, where it went - 1975, p15
It's a wave.
The top are surfers and the bottom are the surfboard.
It's been like this for over 6000 years.
Yes indeed, war is coming. There are two ways to prevent deflation. One is to inflate faster than previous inflation. That option exhausted, the second is to destroy inventory.
All signs point to a mass liquidation of, as HT puts it, "unfundable liabilities". Or, as we call it in the corporate world, it's time for a re-org.
The argument for deflationary implosion turning on a dime to become hyperinflation by governmental actions
http://tinyurl.com/bkfjbw
This in response to Mr. HyperRepetition's comment that "there could be hyperinflation, but I dont know how"
Quote:
"Put simply, there is no way the government can possibly pay for the level of social welfare benefits the federal government has promised unless the government simply prints cash and debases the currency, which the government will increasingly be doing this year," Williams said, explaining in more detail why he feels the government is now in the process of monetizing the federal debt.
"Social Security and Medicare must be shown as liabilities on the federal balance sheet in the year they accrue according to GAAP accounting," Williams argues. "To do otherwise is irresponsible, nothing more than an attempt to hide the painful truth from the American public. The public has a right to know just how bad off the federal government budget deficit situation really is, especially since the situation is rapidly spinning out of control.
"The federal government is bankrupt," Williams told WND. "In a post-Enron world, if the federal government were a corporation such as General Motors, the president and senior Treasury officers would be in federal penitentiary."
Unquote
Note the term "debase the currency"
Like in Zimbavwe
Yes, you will still get your $1800/month Soc Security check, or your disability check, or your welfare check, or your pension check, but it will buy less and less every day, until all out panic sweeps the low IQ hedonistic masses (you folks)
The only way to distract the.people from economic horror is WAR. But this time war means those blinding five million degree flashes on the horizon, while the bloodline stooges will be hiding in Raven Rock and Weather Mountain.
At that temperature all your gold and silver and guns and ammo and freeze dried food will be vaporized. Please also recall that when the power went off in NYC years ago, they called it "the night of the animals".
The chart in the aricle quoted above is a must see.
http://tinyurl.com/auocn9
This isn't zimbabwe. Zimbabwe collapsed because of deflation, not inflation. Forget the numbers, it needed the US to continue to inflate in order to generate the income necessary for it to continue. They couldn't inflate which is why the numbers kept going up. I listened to a guy named John Nelson on tapes back in the mid 1990's and he said it was going to implode, that there was no mathematical solution. I read Prechter who said it in a different way, that the economy wold reach maximum potential and we would have the greatest deflation since 1720. I have been one of the only posters on the boards I write on that had held true to the idea of deflation. I have a different view of it than Hyper, but I come to this site every day to see if he has written something new because his spin is really so right on. I understand that war is likely inevitable, which wasn't what I meant to imply, only that it was a solution to anything. If it does solve anything, it wipes out the memory of accumulated debts in a particular area and allows the victor to transfer the rest to a wider number of people. I think all the time how to solve this mess and there isn't any way I know of other than for those that have to take enough losses to allow those that don't have to buy for awhile before getting into debt again. The compound equation has no mathematical solution. For those that think dollars have babies, take 1.01 to the 2000th power and see what number it compounds to so you can see what 1% on a dollar equals over 2000 years. It will be clear the money equation has collapsed over and over again in history. Usury was outlawed by Moses, outlawed by the Roman Republic, but legal in the Roman Empire, something I shockingly read in the World Book in 1996. The Republic was peaceful, while the empire was a war maker. Peaceful and honest man has known compound interest was destructive for 3000 years or more
Yes, no way to meet the obligations unless they run the magical printing press. Except that you are assuming these "obligations" will be met.
Haven't you figured out yet that these obligations will never and can never be met? There is no magical printing press coming to save the world and make sure everyone gets their medicare and social security checks.
So the monetary system is unsustainable. Is that really profound in the age of biology?
Multicellular organisms aren't sustainable either and the biblical god is dead. So they invented a new god called CARBON FOOTPRINT. Its bullshit too.
For me, HT's message is not profound. What is profound is these damn computers used in constructing social systems. Its all about fucking other people over using ridiculous algorithms.
Its funny, the local TV station just listed the hot jobs of the future, atop was finance and computer science. lol
Bring on more scams run on computers, apparently there is not much else to do.
All the internet experts are predicting imminent COLLAPSE this weekend...and they have been for years and years and years. Still waiting. Thx HT, your writing is amazing and the price is right.
America is broke? Don't be silly. They still can sell their internal organs for research. Why not? All those football players and wrestlers are whacking themselves with dope to die at 40, why not EVERYONE?
Do it for "America" sheeple!
The Nascar season is cancelled, athletes are taking 70% paycuts, the coliseums are empty. Film industry has collapsed.
This "catastrophe" makes me laugh. Sure, the middle class is disappearing but as long as the tummies are expanding and the entotainment for small minds is available, all is well it appears.
Whats with the headdress on the female cat? Looks ridiculous (lol)
Hypers been posting at prubear now...where 85% of the participants are mindless gamblers.
The blogosphere is really great. Knowledge is power and soon, we, the followers of HyperTiger will be conquering the earth [snort snort, ah yeah love that stuff].
This is from The Wallstreet Examiner where Hyper posts too. This is from an internet genius called Calvin J. Bear. He's even more full of himself than Hyper.
-----------------
Guys, you have to settle down now. I have basically had to refrain from posting too much here or anywhere in present circumstances due to the sheer inanity of the public perception of the crisis and what it means and whence it came.
"Ireland could default on debt."
That would be to the holders that are the same people who had money with Madoff, I expect.
For days and weeks now almost everyone has been piling onto the critiquing of the trillions and trillions of taxpayer-funded bailouts of brand banks - how bad this is and how morally bankrupt.
...However when you hope to be a professional dealing in the field of money and finance, you ought to have at least one eye on the flows and movement of the centre of gravity of economics: desire, supply and capacity for economic power.
Credit is a source of supply of economic power. But it is a kind of sinusoidal wave function of power and not a natural form of economic power.
People have entirely lost sight of the facade that has been the Davos conspiracy and the public media that fed the wide perceptions of the flows of money in spotlighted economies and markets.
It was a facade when it was set up (I was personally invited at the start and declined) and its results have shown what capacity it always had.
When you run through the list of troubled and in danger banks - including HBOS and Lloyds - you are looking at those banks that were children of fairly modern era, even though many appear to have names associated with long histories in money.
Nothing at all could be further from the truth than to think that NO ONE at all has a total grasp of the present financial circumstances, and that everyone is essentially out of control and hoping about the future.
My brief and summarised conclusion that skirts the details, is that large audit and accounting firms are principally, the biggest losers in what happened. But they are dinosaurs pretending that accounting and data logging software packages and systems do not exist.
Tomorrow's world of banking and finance interests me more today than all this dire and doom-filled yelling about what a complete mess things are.
And I have not yet read one single time, the obvious outcome of what has been occurring.
I am not prepared to abandon the sheer beauty and truth of mathematics, in this regard.
Calvin J. Bear
Calvin J. Bear has issued a challenge to HyperTiger to come up with something better than the existing system.
How do we create more inflation than previous inflation? WAR! Hell, anyone who knows history knows it's part of the jewels on the Emporers crown. Just like during WWII, lots of things are blown to Hell and back, and then the elites get to rebuild all of it in any form they like. The only major problem is that we now can destroy this marble we live on, and the jackass elites are way over their heads on this fact. To say they are playing with fire is a real undermisestimation, had to throw a George W in there.
Clueless Assclown elites.
Lemme guess. 20+ years of daily pot-smoking? No kidding, it's obvious.
Spot on about Rand.
Keep up the good work.
-Mantis
http://anatocism.blogspot.com
we could probably hyperinflate for 50 years without the country going to ruin. just look at Turkey (as an example).
Hypers now posting at whats left of Prudent Bear Chat, where the new idiot running the place "improved" the software so that its much much worse.
I have known Calvin Bear for awhile. I didn't know Hyper was posting at the bear chat, but I have been there sporadically. In any case, the magic printing press won't work because who is going to be the new borrowers. I just read an article that the Fed would make really cheap loans against paper for investors to buy from the banks, thus trying to bankroll the new securitization. Problem is the paper has to be AAA. Now who is going to be stupid enough to get into debt in this deflation when the bottom is tapped out? I really don't give a damn how else you think they are going to fix it, but if the bottom isn't tapped out, why is the game over?
So, we can only develop a bigger bottom to fill the void. This means that some genius needs to put his 15% up so the Fed can make him rich financing paper that can only be levied against the new group joining the bottom. This is a real fast way to get to the bottom. So we go from the banks financing GS and others to put together CDO's so they can dump them on the world to the Fed financing idiots to take the crap off the hands of the banks.
So you are going to get bailed out by the printing press? This is burning deposits as we speak. I, the Fed buys $100 billion in paper off the banks. The banks get a $100 billion in credit at the Fed, but they owe $100 billion to their depositors. If the depositors were to buy the $100 billion of crap off the Fed, the $100 billion credit would disappear as would the $100 billion in deposits. Then there would be no money to pay the bills.
The point is we all want to get paid. Hyper points out what altruism is, for fun and for free. Most of us don't want to do something for fun and for free and I am in that group most of the time myself. But, I do realize at times there are things I need to do because I can do them and I cannot ever collect. Has it ever occurred to you that you can never collect? Has it ever occurred to you that once you can never collect, trying to figure out how to collect takes more work than you could ever collect? So, we demand they pay.
I don't like the bailouts any more than most of the rest of you. In the end, the houses are going to have to be given away in some form or another. The bailout isn't the deadbeats that got the houses and now get relief, but the banks and the people will get the bills.
I have thought about sovereign debt. 10 year bonds are yielding 2.75%. Those that gain possession of those bonds aren't concerned with beating the game the next 10 years, but instead having a lien on the country or the people forever. We don't live forever, but they do, what Hyper calls the top. The top runs the Soviet Union and they run the US, and quite often they decide who is going to war with whom. And, it is quite likely there might not be a war, but a bird flu instead. We have all been prepared for it.
There seems to be a delusion that they can print money, but all they do is buy debt that they have to attempt to collect. The Fed isn't interested in printing credit to acquire the junk bonds of the world, but the debt of sovereigns and the titles of property. You can call that printing money, but it isn't any more printing money than the hedge funds did to buy all these CDO's that went bad. Do you really think the absolute capitalists banks, to steal Hypers phrase are interested in setting up some more SIV's to fund more CDO's? This is where we get into the deflation game, until the banks do something with that credit, it don't exist.
What I find obscenely funny is how Santelli's performance with the traders "in revolt" and telvised on CNBC is thought of by GIMer's and the GLP idiots as some kind of "great" revolutionary shot across the bow, and they all are in praise of Santelli in that segment.
WHAT??
Bunch of corrupt traders showing bitterness that some shmucks might have a lower mortgage payment using "their" money.....
Why were people like this not screaming on TV when hundreds of billions were being poured into Iraq....not to nmention the hundreds of other OBVIOUS ways that the crisis was being clearly pushed in your face openly to see the unsustainability...over and ove...and yet no "revolution" then...
But now we are supposed to praise santelli and that kind of shit......NOW we are.
all those "angry" traders you saw on your tv set with Santelli...every last fucking one of them are two-time Bush voters and voted for Palin to be up for the job of POTUS...
Morons in rebellion with Santelli leading them.
GUFF-FUCKING-FAW!!!!
Guff. Fawww.
Traders who are moral hazards THEMSELVES enunciate the words "moral hazard" in regards to the illusion that "someone" is going to use "their" money "innapopriately....how fucking rich.
How fucking rich.
Hey GIMers: You are a bunch of fucking losers.
Really!
Here's you: YAY!!! Santelli!!!! Yayyyy!!!" (That is to be repeated in the voice of Special Ed.)
Dumbasses, the revolution will not be televised.
The fact Drudge highlighted it means it is part of a play and you are played. Like the mindless drones you are.
"Your" money.... Jesus fucking christ you fucking idiots.
It's over already, and they want to make it out to be some "moral hazard" that some mortgages get re-worked.
Game over. Oh but no! let's find something to get upset about.
The anger is to divert. Which is why Drudge highlighted it.
And proof GIMers amd GLPers are idiot drones. As suspected.
It's just some white traders who want to talk resentful smack to the black guy.
Nothing revolutionary about it.
Just punks.
That "moral hazard" motherfucker? I'll hang the bitch up myself when we're all reduced to killing each other.
But you GIMer's and GLPers want to identify with scum like that.
douchebags.
What is GIM and GLP?
GIM - Gold Investment Moron?
Tried to explain to Kinfolk the need to understand monetary phenomenon.
Response: "You need to get a job, thats whats wrong with America, people don't want to work anymore...blah blah...earn your keep...get out into the real world...blah blah...make a living like the rest of us...sink or swim...blah blah"
I wonder if a sophisticated computer game simulation of Central banks would sell with the kids. Best motivation for learning complex math and they can exterminate the parasites after the learning process.
Here are the essential features of the Homeowners and Bank Protection Act of 2007:
1. Congress must establish a Federal agency to place the Federal and state chartered banks under protection, freezing all existing home mortgages for a period of how ever many months or years are required to adjust the values to fair prices, restructure existing mortgages at appropriate interest rates, and write off all of the cancerous speculative debt obligations of mortgage-backed securities, derivatives and other forms of Ponzi Schemes that have brought the banking system to the point of bankruptcy.
2. During this transitional period, all foreclosures shall be frozen, allowing American families to retain their homes. Monthly payments, the effective equivalent of rental payments, shall be made to designated banks, which can then use the funds as collateral for normal lending practices, thus recapitalizing the banking system. Ultimately, these affordable monthly payments will be factored into new mortgages, reflecting the deflating of the housing bubble, and the establishment of appropriate property valuations, and reduced fixed mortgage interest rates. It is to be expected that this process of shakeout of the housing market will take several years to achieve. In this interim period, no homeowner shall be evicted from his or her property, and the Federal and state chartered banks shall be protected, so they can resume the traditional functions, serving local communities, and facilitating credit for investment in productive industries, agriculture, infrastructure, etc.
3. State governors shall assume the administrative responsibilities for implementing the program, including the "rental" assessments to designated banks, with the Federal government providing the necessary credits and guarantees to assure the successful transition.
By September-October, unless this legislation is enacted as a first order of business of the 110th Congress in September, many millions of Americans will be evicted from their homes, setting off a process of social chaos that must be avoided. The freezing of foreclosures is the vital first step in a thorough reorganization.
Under this plan, the Federal Reserve System will be, itself, put through bankruptcy reorganization, and transformed into a Third National Bank of the United States. As developed in Lyndon LaRouche's just-released draft platform for the Democratic Party, these actions shall be complemented by the creation, by treaty agreement among leading nation-states, of a new Bretton Woods System, based on fixed exchange rates, and long-term treaty agreements for large-scale development projects on a global scale.
LaRouche said the foreclosure tsunami is occurring, not in a mere housing crisis or mortgage crisis, but a disintegration of the entire global financial system. There is no bottom to this collapse--unless a legislative fire-wall is created now, and a halt to the income drain on the population, brought on by the hyperinflationary debt bubbles created by Alan Greenspan and his ilk.
----
Will Obama adopt this? This is what the traders are bitching about. They want anger to be turned on the the shmucks who get to stay in their houses...so of course the neocon bubba retards like those over at GIM will get manipulated by people like Santelli, and scream "MY noney" soundbites in "revolutionary" (guffaw) anger. Santelli's easy-money days are over so traders like him want to PLACE BLAME on ....guess who???
The bankers and the financial sorcerers and wizards that conjured the colllapse? NO.
It is your neighbor who get to stay in his house even though he has been out of work for a year...that is who they want the anger to be directed at. Santelli gets the rubes on his side, and predictably the right wing buzz creates the hive mind no-such-thing-as-cause-and-effect-the-last-eight-years-are not-the-problem-but-Obama-is-causing-all-of-this.
I doubt Obama will take the LaRouche-ite Homeowners and Bank Protection Act and implement something like that, though.
Just one of many false hopes.
In this brief clip, Santelli reveals his alarming antipathy for the people who have been hit hardest by this recession:
1) “The government is promoting bad behavior.” In some cases, yes - but in more cases, no. And Santelli seems to have no problem with all of the bad behavior of wealthy people (bankers, brokers, legislators) that has played such a large part in creating this crisis.
2) “Why don’t we have people vote on the Internet as a referendum (on the mortgage buyouts).”
By that logic, we should have had a referendum on each one of the corporate bailouts that have already happened, much of which has gone straight into the pockets of wealthy corporate types. How many of those bailouts would have been approved by a majority of Americans?
3) “The losers’ mortgages.” His prejudice is completely unmasked with this insult. He is perpetuating the conservative mythology that all of these people who are losing their homes are greedy and irresponsible slackers who deserve to be homeless. Some of these people might, but many more are good, honest, hard-working people who either got swindled into a bad mortgage or have fallen prey to the recession and have lost their jobs.
4) “Give (government assistance) to people who might actually prosper down the road. Reward people who could carry the water instead of drink the water.” More of the same as #3, except now he’s setting up a false good vs. evil paradigm. People who have lost homes and are in deep financial trouble are the “evil” ones who don’t deserve to be saved, while people who have managed to keep their homes and have a strong chance of surviving on their own are the “good” ones who should get help. To me, it’s a self-serving logic that defies both reason and compassion.
5) “This is America!” Shouted out as Santelli waves his arms at a bunch of still employed, presumably well-paid workers at the Chicago Mercantile Exchange. Every single person I can see in the shot is a white male between the ages of maybe 35 and 60. That pretty much sums up the conservative worldview.
6) “How many of you people want to pay for your neighbor’s mortgage - it has an extra bathroom and they can’t pay their bills? Raise your hand!” I don’t know about you, but my hand is up. Right now, my family is scrimping and scraping to get by like so many others, but if I could, I would help pay my neighbor’s mortgage. As a Christian, I try to follow the command of Jesus to “love your neighbor as yourself,” and I have a lot of non-Christian friends who live by the same ethic. Santelli’s attitude is just more of the “blame the victim, reward the robber” mentality that runs contrary to pretty much every religious and secular moral system in existence.
Santelli must be a talented commentator. I don’t know many others who could have packed that much pro-rich, anti-poor/working class rhetoric into a one-minute rant.
http://www.theseminal.com/2009/02/20/let-them-eat-cake/
I wish I could talk in circles like you.
"Santelli must be a talented commentator. I don’t know many others who could have packed that much pro-rich, anti-poor/working class rhetoric into a one-minute rant."
Know what is funny?
The DUMBSHITS over at GIM just ate that up. Go check the thread where those pricks over at GIM gave Santelli their praise right after that aired....
FUCK YOU GIM'ers.
.
http://www.thedailyshow.com/video/index.jhtml?videoId=220252&title=cnbc-gives-financial-advice
...of course those GIM fuckers will explain how Jon Stewart is a jew and all....
.
It is the only place where i have saved my liability. Have a Nice Day.
Merry
Free Satellite TV
Post a Comment