Monday, March 23, 2009
You Will Soon Learn What The Word 'Miscalculation' Means
In 1944 at the tail end of the 1933-1945 bankruptcy reorganization of the Global trade system Bretton Woods made the US Dollar the Global trade medium of exchange taking over from the British pound sterling and by default the US consumer became the demand of the global system taking over from the British.
The US consumer is the demand of the world while the rest of the world is the supply.
The USA is addicted to imports?
WELL GUESS WHAT?
THE WORLD IS ADDICTED TO EXPORTS...Duh
Argentina has to destroy the value of its currency so that importers can afford their exports.
Argentina sends its exports to...
Brazil 19.1%, China 9.4%, US 7.9%, Chile 7.6%
Brazil sends its exports to...USA Number one consumer of Exports.
US 16.1%, Argentina 9.2%, China 6.8%, Netherlands 5.6%, Germany 4.6%
China sends its exports to...USA Number one consumer of Exports.
US 19.1%, Hong Kong 15.1%, Japan 8.4%, South Korea 4.6%, Germany 4%
Chile sends its exports to...
China 14.8%, US 12.5%, Japan 10.5%, Netherlands 5.8%, South Korea 5.7%, Italy 5.1%, Brazil 5%
Basically every economic zone on Earth has The USA as its Number one consumer of Exports or its number one consumer of exports has the USA as its number one consumer of exports.
Japan send its exports to...USA number one consumer of exports
US 20.4%, China 15.3%, South Korea 7.6%, Taiwan 6.3%, Hong Kong 5.4%
South Korea sends its exports to...
China 22.1%, US 12.4%, Japan 7.1%, Hong Kong 5%
Taiwan send its exports to...
China 32.6%, US 12.9%, Hong Kong 8.6%, Japan 6.4%, Singapore 5%
The largest consumer of the European Union's exports is the USA.
It's why WORLD trade collapsed by nearly 45 per cent in annual terms in the final three months of last year, according to the International Monetary Fund figures.
US consumers are maxed out...
Deflation is the word generally used to describe the observation of inflation less than previous inflation.
The USA within the context of the 1944 Bretton Woods global trade system has been inflating greater than previous inflation since then
Or 65 years.
That is coming to an end and the USA along with the rest of the global system is going to begin inflating less than previous inflation to maximum potential once the maximum potential of inflation greater than previous inflation is reached.
Civilization as you know it...Is going to deflate.
Hyper look...The price of this item has risen how do you explain that?
Simple...More demand for that item than supply.
Gold dropped today?
Did the supply of money shrink in relation to supply or did the demand shrink in relation to supply?
The money supply is still growing by about 5.6 Billion dollars a day so it's not a money supply problem.
Increasing the money supply is nice and all but you need people out there spending it...
Two houses and three cars not enough?
What's the FED going to do?
Buy everything and then increase the price by 5% and sell it all to itself again?
ALL OF YOU DRIVE THE ECONOMY...not a magic printing press.
And if you all can't drive the economy higher...
THEN IT'S GAME OVER.
There will be nothing to prevent you all from transforming from assets into unfundable liabilities that will have to be liquidated one way or the other.
The gold price will be driven by its small supply in relation to demand, the already existing 200 Trillion global money supply, and mindless animals desperate for yield by buying high and selling higher.
GOLD is mostly a useless metal that The top discovered a use for 1000's of years ago...Construction of money that is very hard to counterfeit because GOLD is so scarce.
How does that work?...Below is a hint.
The purpose of the Police and military is to protect the top from the bottom...To protect cause from consequence...The easiest prey of the hunter gatherer is the farmer and the simplest operation is the protection scheme...You are either with us or against us...All money is decreed money...fiat...
The top says this is money...Or else...period end of story....
You Farmer are on the Land owned by the LORD of the land and will pay tribute to the LORD of 1 Gold coin a year...
Where do I get this GOLD coin?
You can take one short ton of grain to the grainery of the LORD and there you will be given a GOLD coin for it and then you can give the gold coin to the servant of the LORD...
What if I refuse?
Then the LORD will drive you from the Land that the LORD is the LORD of...
There you go an abundant supply of free food to power your wildest hopes and dreams...Lies and delusions...
22 And the LORD said, Behold! The man has become as one of Us, to know good and evil. And now, lest he put forth his hand and also take from the Tree of Life, and eat, and live forever,
23 The LORD sent him out of the garden of Eden to till the ground out of which he was taken.
24 And He drove the man out. And He lodged the cherubs at the east of the Garden of Eden, and the flaming sword whirling around to guard the way of the Tree of Life.
Well what is done with all that Food the tillers of the LORD's land give the LORD as Tribute?
It powers the Absolute capitalist Hierarchial food powered make work enterprise...
The city state...Or Civilization...The thing you all popped into existence out of thin air within...the thing you did not create or own that you are in right now.
The above is how GOLD obtains its value.
Because the top owns all the money...and the bottom rents...All that you see is just an illusion to keep you paying the rent.
You are all chattel slaves period end of story.
Governments?
Are just administration systems of the Absolute capitalist hierarchial food powered make work enterprise.
The whole thing is owned by the top...the bottom pays the rent to the top.
Imagine if you owned everything...you would pay all the employees and they would blow their paychecks into the system and you would get all the money you paid the bottom back...
But what if the employees ask for more compensation?
Well the top has to raise the price of everything the bottom buys with their paychecks in order to increase the paychecks the bottom receives if the bottom demands more compensation from the top.
Banks?
Currently a consumer uses their current income which is mostly previously manufactured money as the collateral backing their request for a commercial bank to manufacture new money.
Without banks there's no effective way to expand the money supply.
A consumer knows how much they need to expand the money supply by...
Average bank prime loan rate is 3.25% so at 2% they are getting 1.25%
30 year fixed mortgages are around 5%.
The Banks only borrow money from the Federal Reserve if they have to...
Federal Funds until 2008 before the crisis was just an interbank overnight lending rate...
The commercial banking system does not need the Federal Reserve...The commercial banking system in the USA operated from 1836 until 1913 without any sort of Central bank...Ultimately all that the FEDERAL RESERVE was given in 1913 was the banknote monopoly...Prior to that all the banks in the USA issued their own banknotes...
The FEDERAL RESERVE can be abolished...The key to the system is the 600 year old compounding interest commercial banking credit system.
Every commercial bank in the world for the past 600 years was just a mini federal reserve.
The system is based on taking more than is given...or chopping down trees faster than they regrow.
Continue until the trees run out = game over.
Stop before the trees run out = continue until the trees run out = game over.
The logical conclusion of the compounding growth equation is reached sooner or later.
In Zimbabwe the hyperinflation at the start sucked out most of the savings of gold and silver into circulation by people trying to sustain their existence...the trade deficit then caused all that gold and silver to circulate out and to not come back.
Currently all that is happening in Zimbabwe is the Government is issuing more and more money to pay for all the bonds it's issuing...
Following that path...The gold and silver bugs would begin having to spend their savings trying to survive until they were basically all gone...
Then once all the gold and silver was sucked out of the hands of the renters to the owners...hyperinflation would rocket.
None of you are owners unfortunately...
You mindless morons are so desperate...all it takes is the FED to mention that they are going to buy bonds...and all the inflationists begin to march in lockstep.
But the FED is going to avoid following the Zimbabwe path...Well not at first of course...They have to at least load all the suckers up on troop ships before they send them into the torpedos.
The FED has been threatening to hyperinflate for 7 years now...All the devout followers of the hyperinflationary jackpot religion think they are closer now than ever.
Everyone...The mindless morons...will leverage long...and once all you clowns are in...the top will short you all to oblivion and extract all that the mindless morons put in betting that this time is going to be the hyperinflationary jackpot.
Hyper why did AIG and the banks go bust?
Because they bet that inflation was going to last forever...and lost.
It's why the real estate sector collapsed.
The hyperinflationary jackpot bet was wrong...But the inflationists never seem to want to explain it.
It's just a classic case of the just think positive ignore the negative religion in action...or the just think inflation ignore deflation religion.
They just keep looking at Zimbabwe and dreaming about panning for gold all day to afford to buy a large muffin being marketed as a loaf of bread.
The implosion of the 1944 Bretton Woods global trade system is not a theory...it's a fact playing out...day in and day out...week after week...right in front of everyone's eyes.
And as far as I can tell...The implosion is just at the very start...before we reach bottom all these servers hosting all these sites will shut down.
The fact that you are reading this is proof that we have a long ways to go before we reach the point where all the stuff you all currently can't comprehend begins to unfold.
When the so called US dollar collapses...What are all you gold and silver speculators going to use to buy Gold and silver?
Gold and silver?
No...So get ready to kiss the good old days goodbye.
The USA is dependant upon imports...Gold and silver that does enter circulation will circulate out and not come back.
Unless you idiots can produce something everyone needs or wants or know how to put in an actual honest days work...you are going to be in serious trouble soon.
The days of dreaming you are all awake are coming to an end...At some point you will all be forced to wake up into the nightmare.
Really...You all are going to actually be taught what the word miscalculation means.
Unfortunately since you are mortal...you are going to cease to exist and your descendants will be just as oblivious as you are currently.
Really every one of you is going to drop dead and the rest will just make a slight detour to avoid tripping over your corpse on the glorious march to doom with glee.
All the FED has done is kick the ant hill...
And look at you all go...fools.
You are all under complete control.
For the last 7 years now...Ben farts and says the flowers sure smell nice and you all think you smell roses...It's a comedy watching you all.
The elected officials?
Are not the top or owners...
The top installs the people you think are leaders so that they suffer the consequences.
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
US consumers reached their maximum potential to consume real estate in 2006 which was the engine flooding the economy with the money that the Global trade system was depending upon.
In 1944 Bretton Woods made the US Dollar the global trade medium of exchange and by default the US consumer became the demand of the global trade system and everyone else the supply.
And over the past 65 years the rest of the world has grown more and more dependent upon the US consumer to sustain the World.
The money that then bailed out of real estate late 2006 to 2007 jumped into stock and commodities markets...
Then it jumped out of there into the bond markets.
Meanwhile the real estate sector imploded further slowing the amount of new money consumers were requesting the commercial banking system to manufacture...by the most in 65 years...
With Billions of Dollars of new money a day not showing up anymore...Spending had to be cut back and the consumption of imports collapsed.
Basically the massive flood of US consumer debt inflation out into the rest of the global system to keep it inflated...slowed down causing the rest of the global system to begin collapsing.
What just popped was a bubble within the bubble.
The FED did not cause the housing bubble...100's of millions of idiots globally attempting to escape their pathetic existence on Earth by gambling were the cause.
The sub prime collapse is just an effect.
It's the logical conclusion of the compounding interest equation the braindeads worship. Attaching interest or a growth rate to money causes an increase in demand for more that compounds to the point that there is no way for the demand to be supplied.
Eventually it becomes impossible for the economic system to sustain the required amount of inflation greater than previous inflation and inflation greater than previous inflation to maximum potential transforms into inflation less than previous inflation to maximum potential.
Basically the real estate sector in the USA...The Number 1 inflationary engine on Earth reached maximum potential inflation greater than previous inflation and collapsed...(began inflating less than previous inflation) causing the weakest of the sector to implode...the sub primes...but even if they did not exist...the real estate sector in the USA was doomed regardless.
When braindeads wonder what is going on...
The sub prime mortgages which are an effect of the cause of the collapse are marketed or sold by the mass media as the cause of the collapse..and the braindeads bought it.
Don't worry the best case for the worshipers of the hyperinflationary jackpot is...a massive hyperinflationary explosion followed by a hyperdeflationary implosion to oblivion.
The worst case scenario for the worshipers of the hyperinflationary jackpot...a continued slow/controlled crumble to oblivion.
Anyway it's sliced and diced...the logical conclsuion is the transformation of many billions of current assets (You all) into unfundable liabilities that will be liquidated one way or the other.
You all actually think you support yourselves?
You all want incomes...the top created this wonderful system to supply you all with what you want.
One problem...
You all want more and more and more but it's impossible to sustain what you all want forever...
The last 65 years has basically been one huge global hyperinflationary blowoff top.
It's all just been hidden up to this point by accounting tricks to keep wages and general prices from hyperinflating...
The Government creating massive piles of money you say?
There is no evidence at all that the money supply is expanding at a faster rate than it was in 2007.
Real estate in the USA is still the primary engine of inflation of the global economic system...all the other inflationary engines derive their energy from it.
Until the US real estate sector begins to produce sales volumes and prices as it was in 2006...there will be no way to escape the current slow crumble to oblivion.
People can refinance the debt at lower interest rates.
Generally with real estate that is the case...but the asset has to be worth what is owed for that to work.
If you owe $200,000 and the asset backing the debt drops in price to $190,000...you can't refinance.
Just because rates drop does not mean that consumers can request enough new debt.
Consumers that are basically maxed out can not request more...or enough to reflate out of a recession...
Enough consumers in such a position and there is basically no way to reflate out of a recession and the recession collapses into a depression.
Like really you can lower the price of food to zero...once the consumers are full they will stop eating.
How the easing worked in Japan was a trade agreement was made with the USA basically combining Japan and the USA...The bank of Japan bought Japanese bonds to basically drive yield rates to 0.1% and subsidized Japanese export dumping in the USA...
Yen were buying Dollars and Treasuries to keep US rates down but the dollar strong so that Japanese cars and other exports to the USA were affordable.
But rates at 0.1% required massive volume to support.
Lets say you need $100 to run your empire...well then at 10% you need to lend out $1000 to obtain that yield
at 5% you need $2000
2.5% $4000
1.75% $8000
0.88 $16,000
0.44 $32,000
0.22 $64,000
0.11 $128,000 has to be requested by consumers to be created to derive a yield of $100
Now imagine you need a yield of Trillions...and the US consumer after decades maxes out...poof game over...your exports collapse.
Remember they said something awhile back about the Yen carry trade ending...
Because the top knew that once US consumers reached the maximum potential of supporting it...It would be game over.
Like really you can lower the price of food to zero...once the consumers are full they will stop eating.
The USA is not going to turn into Japan...It does not have an export to the rest of the world based economy like Japan had before the Bank of Japan began to engineer rates.
The consumers are maxed out...
It's like a richman riding a horse at full gallop until the horse becomes exhausted...the richman dismounts and begins whipping the horse to get it to move...but it does not and eventually is whipped to death and drops dead.
Stupid lazy horse.
After 65 years of galloping at full speed...The US consumer has basically become exhausted, stopped and is about to be whipped to death.
Supply and demand...
Everyone in the system is in debt...The producers will be forced to flood the markets to obtain what they need to service the debt at some point.
Then there are savings...You all don't have enough savings to survive for long without earning some kind of income...
Stage 3 of a compounding interest system...Is bankruptcy of the banks, collaspe of the economy/division of labor, and the consolidation of power.
Sure the money supply is not going to shrink to zero but it will stop circulating...
You have to do something to obtain a positive income...The money will not circulate until you transform from an unfundable liability into an asset again.
Employees are employed because they give more than they take...as soon an employee begins taking more than they give...
They transform from being an asset into an unfundable liability and need to eventually be liquidated one way or the other.
At some point the pool of unemployed labor will cause wages to drop.
Busts generally last as long as the boom that preceded it.
You know like a wave...Where the inflation greater than previous inflation to maximum potential phase is equal to the inflation less than previous inflation to maximum potential phase.
It took basically 65 years to inflate up to this point it will take basically as long to deflate down.
Most of you will be dead and this board long gone before we reach the bottom.
Unless something is done to accelerate the implosion of the global trade system.
Monday, March 09, 2009
A Blizzard of Lies
The total debt to GDP was 263% in 1929...the Debt to GDP currently is around 360%.
But the roaring 20's post WW1 Looting of Germany carry trade bubble took only 10 years to inflate...This post WW2 Bretton Woods looting of the world carry trade bubble has been growing for 65 years...So the roaring 6 decades.
Only the idiots below the top think there is going to be some sort of return to 2006...
Ultimately since the system is powered by taking more than it gives...or chopping down trees faster than they regrow...the implosion is inevitable...all that has been done for centuries is postponement of the inevitable.
The top/owners/employers or pure absolute capitalists at the pinnacle of power maintain their position at the top of the hierarchy by giving the bottom what the bottom wants.
This take more than you give inevitably doomed to implode system is what the bottom wants...If the top were to attempt to give the bottom what it didn't want the bottom would revolt until the bottom was given what they wanted.
Until of course the system reaches maximum potential inflation greater than previous inflation and the bottom can no longer supply the top with what the top needs to supply the bottom...
When the top is forced to give the bottom what it doesn't want...That's where the parliamentary administration comes in...
"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
The bottom is hired to construct or deconstruct Governments depending upon what the bottom wants.
Currently the bottom wants a solution...so the top is supplying the bottom with a blizzard of lies...
Because the solution or logical conclusion to the take more than you give or compounding interest equation is...implosion.
It's inevitable.
The top know this...The bottom is not taught about this.
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 porportion 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 top don't want it to be worse...the bottom do.
The top just gives the bottom what the bottom wants so the top can maintain their position at the top of the global absolute capitalist hierarchy.
I have always said that hyperinflation is possible...I said that hyperinflation is not on the way.
The whole system is currently contracting just as I basically said it was going to...
The supply of US Dollars has been hyperinflating for decades...The hyperinflation has just been hidden with accounting tricks...like the exportation of the US manufacturing sector beginning in 1979 out to China to eliminate the manufacturing wage inflation that was driving the general price inflation inside the USA in the 1970's.
You are not going to miss any opportunity...You are all going to see the USA and world collapse to oblivion.
Zimbabwe is doing pretty good...there is still the rest of the world to supply them...once the global trade system implodes...That will stop.
Spending a day to pan for enough gold to buy a large muffin marketed as a loaf of bread is good for a sick laugh...They are most likely burning more calories to obtain the Gold than the bread provides...
That in the USA will solve the obesity problem very quick...
The USA along with the rest of the world will implode to pre 1900 levels or worse...half the population of the USA will basically transform into unfundable liabilities and be liquidated one way or the other.
You all are not going to miss this wonderful opportunity.
All that can be done with the current assets is use them as backing for more debt that has to be serviced...and if the new debt can't service the continued existence of the old...it will collapse in value.
Unfortunately you need an economy that can support growth...The global economy unfortunately has reached the point that it can no longer support growth.
It's over...
At this point you have morons praying for hyperinflation...But zero is nothing...so adding more zeros at the ends of numbers is adding nothing...and ultimately a hyperinflation of the credit system is followed by a hyperdeflation of it regardless.
I'm sorry to say...But everything you all think you know about Economics is mostly reasonable assumptions not logical conclusions.
Regardless how the absolute capitalist or take more than you give system is operated...It's impossible to sustain inflation greater than previous inflation forever.
You can only inflate greater than previous inflation to maximum potential...
Your income now is composed mostly of leverage.
A consumer uses their current income which is mostly composed of previously manufactured money or an asset inflated in value by previously manufactured money as collateral backing their request for a commercial bank to manufacture more new money.
Under a strict standard...there would be none of that...
Then factor in that the current system has been in operation for over 600 years.
That the entire inflation of civilization into what it is currently was powered by all this money you all can get your hands on...
In the olden days...You peasants never had enough money to save...
Your incomes right now are leveraged to the hilt.
You are all (You all know who you are) desperate for the hyperinflationary Jackpot.
And it's possible that a hyperinflation can be ignited...But hyperinflationary explosions are always followed by hyperdeflationary implosions.
The top will be positioned for any hyperinflation they ignite.
Layoffs are due to not enough money being spent to pay all the employees...But businesses need enough labor to sustain operations...once the layoffs are done...The pay cuts will follow.
The year over year % gain of wages and salaries is a few months away from going negative for the first time in 51 years.
It also takes more than deciding to hyperinflate to actually start a hyperinflation.
The FEDERAL RESERVE was given the banknote monopoly in 1913.
The commercial banking credit system does not need a central bank to operate.
Where does all the monetary expansion in the system orginate?
Consumers request commercial banks to manufacture more new money.
Without a credit system...The banks would have run out of money to lend centuries ago. It's how the banking system has operated the last 600 years.
Really you all are currently as oblivious as ever as to how the system operates.
You all will just like mindless bacteria demand more and more and more until it becomes impossible then...cry like babies...die off.
Then do it all over again.
From 4000 BC or so to 1865 AD or so...Chattel slavery kept wage inflation low...any of you ever figure that into your equations?
Equations...forget that...you all just pretend that you know what you are talking about.
"The United States Census of 1790 was the first Census conducted in the United States. It was conducted on August 2, 1790. It showed that 3,929,326 people were living in the United States of which 697,681 were slaves"
"The United States Census of 1860 was the eighth Census conducted in the United States. It determined the population of the United States to be 31,443,321 — an increase of 35.4 percent over the 23,191,876 persons enumerated during the 1850 Census. The total population included 3,953,760 slaves."
You all will do as you are instructed to by your masters then whine when you don't think they are listening.
There is not anything in the Constitution about sound money.
A group of 39 men calling themselves "We the People" gave Congress the below power:
Article 1, Section 8. The Congress shall have power to...
"To coin money, regulate the value thereof, and of foreign coin, and fix the standard of weights and measures;"
The US Congress has not done anything counter to the above.
And there is nothing in the Constitution preventing Commercial banks from issuing bills of credit or IOU's.
There was not anything to stop the commercial banking system from functioning as it did and currently does.
One of those 39 men...
"Alexander Hamilton (January 11, 1755 – July 12, 1804) was an American politician, leading statesman, financier, intellectual, military officer, and founder of the Federalist Party. One of America's foremost constitutional lawyers, he was an influential delegate to the U.S. Constitutional Convention in 1787 and was the leading author of the Federalist Papers (1788), which has been the single most important interpretation of the Constitution ever since."
"He was the first and most influential Secretary of the Treasury and had much influence over the rest of the Government and the formation of policy, including foreign policy. With a vision of using federal power to modernize the nation, he convinced Congress to use an elastic interpretation of the Constitution to pass far-reaching laws. They included the creation of a national debt, federal assumption of the state debts, creation of a (Central) national bank, and a system of taxes through a tariff on imports and a tax on whiskey that would pay for it all. In foreign affairs he favored the British; he devised Jay's instructions for the treaty of 1794"
"The Bank bill (First Central bank of the USA...The Federal Reserve is the Third central bank of the USA excluding the Bank of North America during the Revolutionary war) was introduced into Congress on December 13, 1790, passed the Senate on January 20, 1791, the House on February 8, 1791, and therefore was forwarded to President Washington for his signature. It was unclear whether Washington would sign the bill into law. Powerful forces led by James Madison, Thomas Jefferson and the Attorney General, Edmund Randolph, argued to Washington that the Constitution had not granted the government the power to incorporate a Bank and therefore he should not sign the bill."
"The First (Central) Bank of the United States was needed because the government had a debt from the Revolutionary War (A crown operation), and each state had a different form of currency. It was built while Philadelphia was still the nation's capital. Alexander Hamilton conceived of the bank to handle the colossal war debt — and to create a standard form of currency."
"The First Bank's charter was drafted in 1791 by the Congress and signed by George Washington"
"This was a private Bank of which there were 25,000 shares issued of which 18,000 were held by those in England. The Bank loaned the United States money in exchange for Securities of the United States.
"Now the creditors of the United States which included the King wanted paid the Interest on the loans that were given to the United States. So Alexander Hamilton came up with the great idea of taxing alcohol.The people resisted so George Washington sent out the militia to collect the tax which they did. This has become known as the Whiskey rebellion."
Alexander Hamilton's business career began in 1768 when he became a clerk in the counting house of Nicholas Cruger. Cruger took a trip off-island in 1771-1772, leaving young Hamilton (16 years old) in charge of business affairs for six months. He displayed a remarkable flair for business and leadership skills that involved dealing with senior ship captains and businessmen on an equal basis.
In 1773, Hamilton attended a college-preparatory program with Francis Barber in Elizabeth, New Jersey; he was admitted to Princeton in rural New Jersey but instead attended King's College (later renamed Columbia College) in New York City
The institution was established in 1754 as King's College and is one of the oldest institutions of higher education in the United States. During the early years of its history, Alexander Hamilton, John Jay, Gouverneur Morris, and Robert Livingston studied at King's (Columbia.)
"Controversy surrounded the founding of the new college in New York, as it was a thoroughly Anglican institution dominated by the influence of Crown officials, such as the Archbishop of Canterbury and the Crown Secretary for Plantations and Colonies, in its governing body. The fears of an Anglican episcopacy and Crown influence in America through King's College were confirmed by its vast wealth, far surpassing all other colonial colleges of the period."
"After the Revolutionary war, he served as a member of the Congress of the Confederation (from 1782 to 1783), and then retired to open his own law office in New York City. He specialized in defending Tories and British subjects, as in Rutgers v. Waddington, in which he largely defeated a claim for damages done to a brewery by the Englishmen who occupied it during the occupation of New York; pleading that the Mayor's Court should interpret state law to be consistent with the peace treaty (Paris Treaty of 1783 signed after the Revolutionary war).
"In 1784, he founded the Bank of New York, now the oldest ongoing banking organization in the United States, and was also instrumental, along with John Jay, in the revitalization of King's College, which had been severely crippled by the war and discredited for its Tory affiliations"
"On the advice of financier Robert Morris President George Washington appointed Hamilton as the first Secretary of the Treasury. Hamilton served in the Treasury Department from September 11, 1789, until January 31, 1795. It is for his tenure as Treasury secretary, as well as his contributions to the Federalist Papers, that Hamilton is considered one of America's greatest early statesmen. He was in many ways Washington's most trusted advisor, handling critical domestic and foreign policies, and writing drafts of important messages such as Washington's Farewell Address in 1796. In 1794 he designed a "bold initiative", the Jay Treaty that "ushered in a new era of prosperity for Anglo-American trade," and resolved left-over issues from the Revolution. He fought Jefferson and Madison in the matter--they favored France--thus setting up foreign policy as a major dispute between the parties."
"Hamilton's term was marked by innovation, planning and masterful reports. In office for barely a month, he proposed the creation of a seagoing branch of the military to discourage smuggling and enhance tax collections. The following summer, Congress authorized a Revenue Marine force of ten cutters, the precursor to the United States Coast Guard. He also played a crucial role in creating the United States Navy (the Naval Act of 1794). Hamilton's perceptive and creative mind, coupled with a driving ambition to set his ideas in motion, resulted in many proposals to Congress. His proposals included a plan for tariffs and excise taxes (on whiskey especially) for raising revenue, and funding the Revolutionary War debt including debts owed by the states. He developed the plans for the First Bank of the United States and secured its adoption by Congress."
"Robert Morris, Jr. (January 31, 1734 - May 8, 1806) was an American merchant and a signatory to the United States Declaration of Independence, the Articles of Confederation, and the United States Constitution. Morris was known as the Financier of the Revolution, because of his role in securing financial assistance for the American Colonial side in the Revolutionary War."
"At age 16 Morris was already apprenticed to the shipping and banking firm of the wealthy Philadelphia merchant (later mayor) Charles Willing. After Willing's death four years later, the 20-year-old Morris became the partner of Charles's son, Thomas Willing."
"In a unanimous vote, Congress appointed Morris to be Superintendent of Finance of the United States from 1781 to 1784. When Morris began this post the US was in a crisis. The British controlled the coast line from the sea, two major cities, and the western frontier. The treasury was in debt by $2.5 million and public credit had collapsed. Congress resultantly gave Mr. Morris great power and allowed him to continue his profitable private endeavors while serving in a related public office."
"Three days after becoming Superintendent of Finance Morris proposed the establishment of a national bank. This led to the creation of the first financial institution chartered by the United States, the (Central) Bank of North America, in 1782. The bank was funded in part by a significant loan Morris had obtained from France in 1781. The initial role of the bank was to finance the war against Britain."
During his tenure as Superintendent, Morris was assisted by his friend and assistant Gouverneur Morris. He proposed a national economic system in a document called "On Public Credit". This acted as the basis for Hamilton's plan of the same name submitted much later.
On January 15, 1782 Morris drafted a proposal that he later presented to the Continental Congress to recommend the establishment of a national mint and decimal coinage. However, the United States Mint was not established until 1792, after further proposals by Hamilton.
Along with Alexander Hamilton and Albert Gallatin, Morris is considered one of the key founders of the financial system in the United States.
Thomas Willing (December 19, 1731 - January 19, 1821) was an American merchant and financier and a Delegate to the Continental Congress from Pennsylvania.
Born in Philadelphia, Willing completed preparatory studies in Bath, England. He studied law in London at the Inner Temple (The City of London, the Crown, Where the Bank of England is)
City of London The New World Financial system
"The Honourable Society of the Inner Temple is one of the four Inns of Court around the Royal Courts of Justice in London, England, which may call members to the Bar (Rumor that "BAR" is code for British Accredited Registry) and so entitle them to practise as barristers. (The other Inns are Middle Temple, Gray's Inn and Lincoln's Inn.)"
"The Temple was occupied in the twelfth century by the Knights Templar, who gave the area its name, and built the Temple Church which survives as the parish church of the Inner Temple and Middle Temple"
The City of London is now London's main financial district. It is often referred to as just the City or as the Square Mile, as it is approximately one square mile (2.6 square kilometres) in area The City itself has two independent enclaves within it — Inner Temple and Middle Temple. These two areas form part of the City and Ceremonial county, but are not governed by the Corporation of London. The Corporation governs the rest of the City and also owns various open spaces (parks, forests and commons) in and around London.
The City developed its own code of law for the mercantile classes, developing such autonomy that Sir Laurence Gomme regarded the City as a separate Kingdom making its own laws. The Lord Mayor of the City is supreme...
Its Latin motto is "Domine dirige nos" which means "Lord, direct us".
Thomas Willing As a member of the Continental Congress in 1775 and 1776, he voted against the Declaration of Independence.
Later, he became president of the (Central) Bank of North America and then the first president of the (First Central) Bank of the United States 1791 to 1811
"The Bank of North America was chartered in 1781 by the Continental Congress and opened on January 7, 1782, at the prodding of Finance Minister Robert Morris, and was rechartered in 1784. This was thus the first modern (Central) United States bank. It was succeeded by the First Bank of the United States. After Robert Morris became superintendent of finance in May 1781 continental currency had ceased."
Meanwhile, Hamilton made public endorsement of the establishment:
"Congress have wisely appointed a superintendent of their finances,—a man of acknowledged abilities and integrity, as well as of great personal credit and pecuniary influence.
"It was impossible that the business of finance could be ably conducted by a body of men however well composed or well intentioned. Order in the future management of our moneyed concerns, a strict regard to the performance of public engagements, and of course the restoration of public credit may be reasonably and confidently expected from Mr. Morris' administration if he is furnished with materials upon which to operate—that is, if the Federal Government can acquire funds as the basis of his arrangements. He has very judiciously proposed a (Central bank) National Bank, which, by uniting the influence and interest of the moneyed men with the resources of government, can alone give it that durable and extensive credit of which it stands in need. This is the best expedient he could have devised for relieving the public embarrassments, but to give success to the plan it is essential that Congress should have it in their power to support him with unexceptionable funds. Had we begun the practice of funding four years ago, we should have avoided that depreciation of the currency which has been pernicious to the morals and to the credit of the nation, and there is no other method than this to prevent a continuance and multiplication of the evils flowing from that prolific source."
- 'The Continentalist' No. IV, August 30, 1781
Morris deposited large quantities of gold and silver coin and bills of exchange obtained through loans from the Netherlands and France. He then issued new paper currency backed by this supply. He also managed to meet the interest rates on the debt which he estimated to be about thirty million dollars. (Thats about 20 million ouces of silver) First Bank of The United States and The Bank of New York obtained the first shares in the New York Stock Exchange.
The Buttonwood Agreement, which took place on May 17th, 1792, started the New York Stock & Exchange Board (now called the NYSE, which is short for New York Stock Exchange). This agreement was signed by twenty-four stock brokers outside of 68 Wall Street in New York under a buttonwood tree. The organization drafted its constitution on March 8th, 1817, and named itself the "New York Stock & Exchange Board". In 1863, this name was shortened to its modern form, "New York Stock Exchange". Membership on the NYSE has been held as a valuable property since 1868. These days, members must purchase existing seats, which are now limited to a total of 1,366."
"The brokers based the U.S. system upon existing European trading systems"
The twenty-four brokers who signed the Buttonwood Agreement under a buttonwood tree at 68 Wall Street in lower Manhattan, NYC to negotiate the conditions and regulations of the speculative market. were Leonard Bleecker, Hugh Smith, Armstrong & Barnewall, Samuel March, Bernard Hart, Alexander Zuntz, Andrew D. Barclay, Sutton & Hardy, Benjamin Seixas, John Henry, John A. Hardenbrook, Samuel Beebe, Benjamin Winthrop, John Ferrers, Ephraim Hart, Isaac M. Gomez, Gulian McEvers, Augustine H. Lawrence, G. N. Bleecker, John Bush, Peter Anspach, Charles McEvers, Jr., David Reedy, Robinson & Hartshorne.
The Buttonwood agreement is one of the simplest contracts ever...It's two sentences...The agreement stated that they would only trade securities among themselves, that they would adhere to set commissions and that they would not participate in auctions.
The Buttonwood agreement...
"We the subscribers, brokers for the purchase and sale of public stock do hereby solemnly promise and pledge ourselves to each other, that we will not buy or sell from this day on for any persons whatsoever any kind of public stock at a less rate than one-quarter percent commission on the specie value of, and that we will give preference to each other in our negotiations."
What were the first publicly traded securities in the U.S.?
$80 million in U.S. Government bonds that were issued in 1790 to refinance Revolutionary War debt.
What was the first listed company on the New York Stock Exchange?
"On the advice of financier Robert Morris President George Washington appointed Hamilton as the first Secretary of the Treasury. Hamilton served in the Treasury Department from September 11, 1789, until January 31, 1795"
Alexander Hamilton's Bank of New York, which was the first corporate stock traded under the Buttonwood tree in 1792, and the first listed company on the NYSE.
"The Bank of New York was founded on June 9, 1784, making it the oldest bank in the United States. Alexander Hamilton wrote the new bank's constitution, and became the individual most actively involved in the organization of The Bank of New York, guiding it through its early stages. The bank opened for business at the Walton House in Lower Manhattan only a few months after the departure of British troops from American soil. It opened with a capitalization of $500,000."
From the 1792 Coinage Act
"DOLLARS OR UNITS--each to be of the value of a Spanish milled dollar as the same is now current, and to contain three hundred and seventy-one grains and four sixteenth parts of a grain of pure, or four hundred and sixteen grains of standard silver."
371.25 grains X 500,000 = 185,625,000 grains or 480 grains per Troy ounce or 386,718.75 Troy ounces at todays silver of 13.34 Dollars a Troy ounce is $5,158,828.125
Total current assets 237 Billion Dollars...
That's roughly lending out $500,000 and continuously compounding it by 5.809% over an over again for 225 years.
Or 183,304,687,500---183 Billion ounces of silver if the above were converted into 1792 defined Dollars.
"The United States produced 1,200 metric tons of silver in 2007, 35% of the silver it used. The remaining 65% was imported from Mexico, Canada, Peru, and Chile."
1 metric ton = 2,200 Pounds.
1200 Metric tons = 2,640,000 pounds
183 Billion ounces of silver equals around 12,548,571,434 pounds
If the current assets of the bank were converted into 1792 Coinage...it would take 4753 years of US silver production...
That's why Banks issue banknotes, Bills of credit, or IOU's
Money or credit is created when a consumer requests a commercial bank to manufacture it. That's where all the money creation occurs....The commercial banks...
To date...the US money supply is around 52 Trillion Dollars....and because it's credit...The total debt is 52 Trillion Dollars.
The US Government Debt or public debt is around 11 Trillion Dollars....it's the amount of the money supply of the USA the FEDERAL Government has borrowed.
The money supply is 52 Trillion Dollars and the US FEDERAL Government has borrowed 11 Trillion dollars of it.
But the Federal Reserve does not count it twice...the money supply is 52 Trillion dollars but the total debt is the money supply/total debt + the public debt...or 63 Trillion dollars.
All the money in circulation is created by consumers using their income which is mostly previously created money/debt(Credit) or an asset inflated in value by previously created money/debt(Credit) as collateral backing their request for a commercial bank to manufacture new money/debt(Credit)
The compounding interest commercial banking credit system is 600 years old...It financed the industrial revolution up to the current point.
If gold were money what would you use to buy it?
Gold derives most of its value from demand in relation to supply...There is not very much GOLD but there is massive demand for it.
But Hyper why is it not shooting up like a rocket?
Because the top does all the buying and selling...
The top owns the majority of the Gold supply.
All the poor people trying to get rich bid up what the rich own...the rich then extract some profit and let all the desperate fools bid it up again.
When the markets crashed...the top was positioned...the top buys when the bottom is desperate to sell and sells when the bottom is desperate to buy.
The top is rich in money and power boyond your peasant abilities to comprehend...they are in no hurry to escape their plight.
You all at the bottom?
Are crawling all over each other and writhing desperately trying to escape your plight.
The top created and own the markets...wake up please...
The Government?
You see big drug busts in your city?
That's the competition being eliminated.
You are all owned.
Completely totally and utterly.
You are all employed to build everthing you eventually are employed to destroy.
Capitalism.
Is not a game.
Has no rules.
Capitalism did not fail...It never fails.
Everything has worked out perfectly.
The only things that I see failing are all the lies you believe are Truth.
The top or employers of the enterprise you are employees within are going to liquidate billions of you once you transform from assets into unfundable liabilities.
The method?
One way or the other.
The designers of the game you are all playing made it so that they win by default.
Because they are not playing it...You all have been hired to play it...and it's a game that is impossible to win.
You all are oblivious of course...You just popped into existence within it surrounded by liars telling you what truth is.
There of course is a legal way to play the game and an illegal way to play it.
The logical conclusion is the same regardless.
The beauty of the game is that all the players think they are winning until the logical conclusion is reached...the logical conclusion of any game being...game over.
When persuasion (gradual/slow) fails then Force (Violent/fast) has to be employed.
ALWAYS.
So can this happen fast?
Yes...
It can implode to oblivion in a matter of days...End of global civilization as you currently see it....poof.
Some type of covering event would happen...
Absolute capitalists choose to search for reasons to make mistakes and then choose to search for reasons to limit or attempt escape from the consequences.
A scapegoat will precede any acceleration of the ongoing collapse.
You all blew your future...You are all to blame.
Someone told all you criminals that you were innocent until proven guilty and you all have been playing dumb ever since.
By choice...
Everywhere I look I see you all pointing the finger somewhere else...
You all want more and more and more...In order for the top to maintain their position they have to give the bottom what you want to obtain what the top wants.
The whole system is structured to give you all what you want...more and more and more.
Until it becomes impossible to...
If the top were to say no before that point is reached...You all would revolt until you all were given what you wanted.
More and more and more...You are all spoiled brats...
Once the point is reached the top steps back...And all you mental retards hack yourselves to pieces trying to reacquire what you never had to begin with or obtain what you never will.
When the dust settles the top then hires the survivors to do it all over again.
That's the future...
Because that is what has been going on the past 6000 years and there is zero evidence any of you are going to wake up from the daydream that you are awake.
You all can't seem to help it...You all accepted the programing when you were very young...
I rejected it...
Because you all accepted it...Every decision you make is filtered through the just think positive ignore the negative equation at the core of your drone reasoning algorithm.
You are all trying to forget...Constantly fighting to remain asleep.
After years of study it appears that you are all damaged beyond repair...
It boils down to a question I'm trying to answer...or an equation.
The logical conclusion is that none of you are needed...But the key problem is how to get rid of you all.
That's the only problem currently....I don't know how your masters are going to reduce your numbers.
It's simple economics...I have no Idea how...but It's a certainty...You all are useless...
Personally I don't care...It's not my system...But the method utilized to get rid of all of you could become a threat to my continued existence...So I definitely don't want to be standing too close to unfundable liabilities when they are being liquidated...you know...like Hiroshima...
Period end of story...You all are the ones that whine about the decisions...that's where you fit in the scheme of things.
Instead of thinking, you all due to your programing are incapable of arriving at logical conclusions...only reasonable assumptions.
And don't tell me different...I have to hide from you all because once I begin interacting with you all...I'm eventually forced to do all your thinking...
But I'm not your master...
You will do as they instruct...You are right now.