Friday, April 24, 2009
...THE ONLY THING THAT WORKS IS LIQUIDATION
[Repost in light of current events]
The plan is for a 90% liquidation of unfundable liabilities...Or about 5 Billion former assets to be wiped off the face of the ledger...
I'm talking about real economics...Not the wishful thinking that is marketed as economics...
Top lives off the yield from the bottom...Top buys and sells and all below speculate...when you are buying the top is selling and when you are selling the top is buying...
And when the bottom is sucked dry...Game over...
Truth is not a theory...
This forum will not exist because the servers will shut down...No one will be able to afford to sustain this luxury...
I'm telling you so now...I'm not going to be around to tell you so after...You will know so...It will be blindingly crystal clear...
Deadly new flu strain erupts in Mexico, U.S.
Fri Apr 24, 2009 7:50pm EDT
By Alistair Bell and Noel Randewich
MEXICO CITY (Reuters) - A strain of flu never seen before has killed up to 60 people in Mexico and also appeared in the United States, where eight people were infected but recovered, health officials said on Friday.
Mexico's government said at least 20 people have died of the flu and it may also be responsible for 40 other deaths.
It shut down schools and canceled major public events in Mexico City to try to prevent more deaths in the sprawling, overcrowded capital. Authorities said they had enough antiviral medicine to treat about 1,000 suspected cases reported so far.
The World Health Organization said tests showed the virus from 12 of the Mexican patients was the same genetically as a new strain of swine flu, designated H1N1, seen in eight people in California and Texas.
"Our concern has grown as of yesterday," Dr. Richard Besser, acting director of the U.S. Centers for Disease Control and Prevention told reporters in a telephone briefing.
Global health officials were not ready to declare a pandemic -- a global epidemic of a new and deadly disease such as flu. "So far there has not been any change in the pandemic threat level," Besser said.
But the human-to-human spread of the new virus raised fears of a major outbreak. Mexico's government suspended classes for millions of children in Mexico City, where scared residents rushed out to buy face masks and kept their kids at home.
"We're frightened because they say it's not exactly flu, it's another kind of virus and we're not vaccinated," said Angeles Rivera, 34, a government worker who fetched her son from a public kindergarten that was closing.
Close analysis showed the disease is a mixture of swine, human and avian viruses, according to the CDC.
Humans can occasionally catch swine flu from pigs but rarely have they been known to pass it on to other people.
Mexico reported 1,004 suspected cases of the new virus, including four possible cases in Mexicali on the border with California.
Most of the dead were aged between 25 and 45, a health official said. It was a worrying sign as seasonal flu can be more deadly among the very young and the very old but a hallmark of pandemics is that they affect healthy young adults.
Health Minister Jose Angel Cordova said Mexico has enough antiviral drugs to combat the outbreak for the moment. "In the last 20 hours, fewer serious cases of this disease and fewer deaths have been reported," he told reporters.
The WHO said the virus appears to be susceptible to Roche AG's flu drug Tamiflu, also known as oseltamivir, but not to older flu drugs such as amantadine.
NO CONTAINMENT
Canada has not reported any cases of the flu and is not issuing a travel warning for Mexico, but the country's chief public health officer David Butler-Jones said the outbreak was "very concerning" and Canada was paying close attention.
The CDC's Besser said it was probably too late to contain the outbreak. "There are things that we see that suggest that containment is not very likely," he said. Once it has spread beyond a limited geographical area it would be difficult to control.
But there is no reason to avoid Mexico, CDC and the WHO said. "CDC is not recommending any additional recommendations for travelers to California, Texas and Mexico," Besser said.
Worldwide, seasonal flu kills between 250,000 and 500,000 people in an average year, but the flu season for North America should have been winding down.
The U.S. government said it was closely following the new cases. "The White House is taking the situation seriously and monitoring for any new developments. The president has been fully briefed," an administration official said.
In California, where six people have been infected with the flu, Governor Arnold Schwarzenegger said authorities were monitoring patients with flu-like symptoms and communicating with Mexican health officials.
Mexico's government cautioned people not to shake hands or kiss when greeting or to share food, glasses or cutlery. Flu virus can be spread on the hands, and handwashing is one of the most important ways to prevent its spread.
The outbreak jolted residents of the Mexican capital, one of the world's biggest cities with around 20 million residents. One pharmacy ran out of surgical face masks after selling 300 in a day.
The virus is an influenza A virus, carrying the designation H1N1. It contains DNA from avian, swine and human viruses, including elements from European and Asian swine viruses, said the CDC, which is already working on a vaccine.
Scientists were trying to understand why there are so many deaths in Mexico when the infections in the United States seem mild, Besser said.
The CDC said it will issue daily updates here
Surveillance for and scrutiny of influenza has been stepped up since 2003, when H5N1 bird flu reappeared in Asia. Experts fear that or another strain could cause a pandemic that could kill millions.
The last flu pandemic was in 1968 when "Hong Kong" flu killed about a million people globally.
The Government does not run the printing press. Consumer requests do. And when the consumers are full and the buttons on their clothes are popping off...checkmate...game over...
The compounding interest commercial banking monetary system is 600 years old...There is very little lending...
Money is manufactured.
Stop that and kiss technological civilization good bye.
Rich people take more than they give.
Poor people give more than they take.
Eventually the power supply is sucked dry.
Just like a horse ridden to exhaustion...The rider can dismount and whip it to death...It's not going to budge.
It's inevitable...whether a mob of peasants stops the system from inflating or the system inflates to maximum potential and is stopped by GOD
The implosion is inevitable.
And the postponement of the inevitable has almost reached the end. Just watch the growth of the total money supply. Currently US consumers are requesting commercial banks to manufacture 11 Billion dollars a day or 1 Trillion dollars of new money every 90 days.
To simplify I'm leaving out collateral complications...The home builder has a long standing relationship with the bank and they trust the home builder and that is the collateral and the Home buyer has a good high paying job and that is his collateral.
Lets say a home builder builds a house...They go to a commercial bank and request lets say $100,000 at short term wholesale rates to be manufactured to construct a house then mark it up to $200,000 and put a for sale sign on it.
A home buyer sees it, falls in love and runs to a commercial bank and requests $200,000 to be manufactured at long term retail rates.
And buys it.
Now lets say after the whole operation is balanced...The Home builder comes out with a yield of $30,000 free and clear profit to buy hookers, blow in Las Vagas or donate to the Bill and Melinda Gates foundation.
The Bank gets a Mortgage asset worth $200,000 plus $5,000 of interest from the short term money creation requested by the Home builder that the home builder paid off when the Home buyer bought the house.
The home buyer gets a dream home and owes $200,000 that they will spend around 30 years working to pay off.
And the total money supply has now expanded by $200,000
That is the basics.
All the workers that built the house get paid as well...Lawyers, home inspectors...etc...all the people involved.
It's where the paychecks basically come from.
Almost everyone on Earth is a debt slave...There are 6 Billion in the hierarchy.
Top lives off the yield from the bottom...
Zero is nothing....adding more zeroes onto the ends of numbers is adding nothing. Whether a paper clip is 1 cent or 1 Trillion dollars it's still a paper clip.
A well rested horse is not an exhausted horse. And an exhausted horse is zero.
Top lives off the yield from the bottom. When the yield from the bottom to the top becomes zero...The top goes nowhere. The top needs to find a well rested horse to ride...You can add as many exhausted horses to the equation as you want...You are not going anywhere.
The money supply I'm looking at currently has to inflate by 11 Billion dollars a day...1 Trillion dollars every 90 days...
The next acceleration is 5 Trillion in 6 months. Then 3 months then 45 days then 23 days then 12 days then 6 days then 3 days then 36 hours then 18 hours then 9 hours then 4 hours then 2 hours then 1 hour then 30 minutes then 15 minutes then 8 minutes then 4 minutes then 2 minutes then 1 minute then 30 seconds then 15 seconds then 8 seconds then 4 seconds then 2 seconds then 1 second...to infinity and beyond.
How about a Quadrillion dollars (1000 Trillion) in a Nanosecond? (1 Billionth of a second)
I'm sure you can create that amount of money on a whim. And then double that in less than a blink of an eye.
A horse can be ridden to exhaustion...The rider can dismount and whip it to death if they choose...The horse won't budge once it's reached maximum potential...
The only variable you account for is yourself. There is no solution to free will...You choose to be ignorant...And that's it...Nothing can be done about that.
All that the system you are in can do is inflate to maximum potential then implode...poof
That's all it does.
Actually none of you realize what you are in...An absolute capitalist Hierarchial food powered make work enterprise...
GDP break down...
Agriculture: 1% The producers of the power...
The consumers of the power.
Industry: 20.7%
Services: 78.3%
Sorry but none of you eat Gold and Silver or copper or crude oil, etc. to sustain the continued existence of your bodies...
Total labor force out of the population of 300 Million...150 million.
farming/food production 0.5% or 7.5 million people...
The total debt/money supply...What everyone owes right now is about 49 Trillion dollars...
The total Labor force is 150 million...Those not working can not sustain the existence of the USA...That works out to $326,666 a worker...at 5% which is basically what the average Yield is...
$2,450,000,000,000 just to sustain the existence of the money supply...To pay the rent on the 49 Trillion money supply you are all renting...And that does not include anything else...food, shelter, clothing...etc.
That is just how much the money supply of $49 Trillion you are renting from the top has to increase by per year, 2.5 Trillion, so that you can continue paying the rent to sustain its existence...
Or $16,300 per worker/year
Currently consumer/worker drones are requesting the commercial banks to manufacture 1 Trillion every 90 days or 11 Billion dollars a day or $4 Trillion a year compounding to...
Sustain the delusion of freedom you all are living in...And have been since you popped into existence within it...Failure to sustain the required inflation will cause the delusion to stop inflating and it will shatter and all the consumer/worker drones are forced to wake up from the daydream into a nightmare beyond your abilities to comprehend...
There are billions of people below you in the global hierarchy holding you up...
A horse can be ridden to exhaustion...The rider can dismount and whip it to death if they choose...The horse won't budge once it's reached maximum potential...
Looks like the USA whipping operation in Iraq still is not working...It appears that the Iraqis have had enough of you and won't budge.
It's all going to come crashing down...poof.
Rich people get all the power they have from the bottom...and when the bottom is exhausted...There is nothing they can do...They have no power other than what you all give them.
And you think when you can no longer pay the top what you owe them that they are going to print up what you owe them...hand it to you and then you hand it back to them to pay them what you owe them...
Sorry...When the bottom is exhausted...It's game over.
No magic printing press or anything else is going to work....The only thing that works is liquidation.
But you all don't like that.
Oh well...The Universe is not interested in what you all like or don't like. The Universe does not care about your opinion.
And don't cry to me...I just popped into existence in the Universe...Nothing I can do about it...
There is no solution to the have your cake and eat it too problem.
If you collectively tighten your belts the system implodes...sorry you blew it...
Debt is money and money is debt in a compounding interest commercial banking monetary system...You all stop requesting the commercial banks to manufacture money and the system implodes...Whether by choice or consumers reach maximum potential and are forced to stop.
And the top knows about the implosion you think is impossible...
Not a mystery at all...
Consumers use their income which is mostly previously manufactured money or an asset/equity that has been inflated in price by previously manufactured money as collateral for their request of a compounding interest commercial bank to manufacture new money.
"The process by which banks create money is so simple that the mind is repelled."--John Kenneth Galbraith
And when consumers have requested all they can request...game over.
The red line on the below chart is wages and salaries growth it's flat...But the total debt line is shooting up like a rocket to infinity and beyond and the trade deficit is shooting down like a rocket to infinity and beyond...
The below charts...that's what economic doomsday looks like prior to realization...It won't be long now.
The compounding interest commercial banking monetary system is 600 years old...The current global system based in the City of London is 314 years old.
It's almost inflated to maximum potential...and it's about to implode to oblivion.
The USA has been in this system its entire existence. In 1944 Bretton Woods the USA was set up as the demand of the global system...The inflationary engine...
It's GLOBAL - everyone on Earth needs US dollars to buy oil...80 million barrels a day globally...Just the oil requirements cause a 5.6 Billion dollar a day demand for US dollars globally.
All GLOBAL trade is in US dollars.
When the US consumer reaches exhaustion the USA along with the rest of the world will implode since they are dependant upon US consumers...US consumers are the source of US Dollars...China is not selling all that stuff produced with child slave labor to the FED.
You do know there are 100's of 1000's of Children working in Communist controlled factory hives in China 14 hours a day 6 days a week for $200 a month producing happy meal and Christmas toys for western consumers...been going on for years...Decades.
It's a Nightmare...All to support the Delusional lifestyles of the wannabe rich and famous...
To keep the Internet functional so you all can tell me how stupid or wrong I am...
Well good news...It's almost reached game over...
The biggest lie that ever came out of the FED...Don't worry children the deflationary dragon is never going to get you because we have a magic weapon that can slay the dragon forever...It also happens to be the most accepted of all the lies that ever came out of the FED...
And since 2002 when it was told...I have had to put up with zealots...Really it's a religion now...
From the point The Germans were told by the City of London to print money to buy GOLD in 1920 until maximum potential gong show was reached was 4 years...and the actual Hyperinflation lasted 14 months...from early 1923 to late 1924...The whole situation comedy imploded into food riots and the German army was machine gunning people in the streets.
It fueled the roaring 20's in the USA...It took until 1927 for the German implosion to spread out into the system and hit the USA with the climax the 1929-1933 crash followed by the 1933-1945 bankruptcy reorganization of the now 314 year old global system...The whole global system collapsed...England was dumping grain at sea while the population starved trying to cut supply so that demand could bid up prices and get inflation started again.
And that was minor compared to the insanity we are headed into.
The FED is not going to print anything it does not print money...or electronically inflate...It's consumer requests...and when consumers are maxed out...thats it...The FED is not going to buy all your food to feed you or pay all your bills.
It's liquidation time.
In Germany a different situation played out. Basically the winning powers had Germany on the run retreating back into Germany in 1919...At the start France crossed Germany's border first, were repulsed and then Germany invaded France...That was a big mistake...
"ARTICLE 235 The Versailles Treaty June 28, 1919
In order to enable the Allied and Associated Powers to proceed at once to the restoration of their industrial and economic life, pending the full determination of their claims, Germany shall pay in such installments and in such manner (whether in gold, commodities, ships, securities or otherwise) as the Reparation Commission may fix, during 1919, 1920 and the first four months Of 1921 , the equivalent of 20,000,000,000 gold marks."
2790 Gold marks equalled 2.2 Lb of pure gold.
15,770,609 Lb of Gold or 7885 short tons of gold or 229,935,483 oz of Gold...
Quite a bit of GOLD...Especially when the total above ground stock around that time was 50,000 tons with around 25,000 tons monetary Gold world wide...
And Germany certainly did not have 7885 short tons of gold in 1919 1920 or 1921...
What to do then? The British (Bank of England) basically told Germany to print marks to buy GOLD...From? The winning powers...
The Looting of Germany carry trade...Germany printed marks and then bought Gold then the amount of GOLD they owed dropped and the winning Powers still had GOLD and loads of marks...what to do with all those marks? Send them home to roost buying raw materials and finished goods...
The marks flooded into the German commercial banking system allowing it to inflate the debt supply in Germany...The more GOLD Germany bought the more marks they had to print...Which caused the purchasing power to drop...It was quickly losing its value...
But outside of Germany all the currencies were quickly gaining value...Basically German exports were getting constantly cheaper and cheaper...A free give away of German raw materials and finished products basically...
This fueled the Roaring 20's until the mark was losing value so fast that it basically caused prices inside Germay to hyperinflate until it was impossible to account...The looting of Germany carry trade collpased in 1924 after about 14 months of Hyperinflation of prices or a hyperdeflation of the value of the mark ...
side note...
Winston Churchill was Chancellor of the Exchequer (Treasury) of the United Kingdom from November 6, 1924 - June 4, 1929...
The collapse of the carry trade caused a hyperdeflationary implosion of the banking/monetary system in Germany and the shockwave spred out into the Global system and reached the USA by late 1926 and visibly manifested with the market crash October 21 1929...Since real estate began caving in first and the sell off there flowed into the Stockmarkets in search of yield inflating them from 1927 to 1929 in a massve mania...
The Great depression inside of the USA was caused by a collapse in debt inflation in the USA due to the implosion of the roaring 20's post World War 1 looting of Germany bubble..
It bankrupted the crown system which began to rapidly implode...It was stopped in 1933...1933-1945 was the bankruptcy reorganization of the now 314 year old crown system...
The top is not going to avoid the implosion...They have known about it all along...It's the logical conclusion of the taking more power than you give equation...
The top capitalizes on the bottom's ignorance to sustain their position. Really...You all are basically fighting to stay asleep...Because when you wake up you find that you are incompatible with all those around you...You can see all the games that people play, all the lies self destruct and the delusions shatter.
I do realize you are deeply integrated in your surroundings.
The top has engineered the system for decades and if you look at the Global system that is 314 years old...centuries...to postpone the inevitable...
The USA is just a component in a global system that began operating before the USA even existed.
Currently the most significant component since 1944...The demand or inflationary engine of the 314 year old global system...and when US consumers reach maximum potential...That's it...there is not going to be a brief flicker of the lights and the back up global system kicks in...
There is no back up system...
Consumers request 1 dollar and the printing press or electronic equivalent spits out a dollar.
Consumers request zero dollar and the printing press or electronic equivalent spits out zero dollar.
You all going to run to work camps to get your hands on any Federal Government created credit like in the 1930's?
To rebuild the US manufacturing sector/economy you would have to cut all trade and start from square one basically. And if you used the same system all it would do is inflate and implode again.
The USA imports 60 billion dollars a month of raw materials and finished goods and now with the Internet many services to sustain itself...
Any silver and gold coins spent into an economy dependant upon imports would circulate out and never come back. The gold in the Treasury has a book value of 11 billion dollars...that would be sucked out in days if used to pay for imports and if sold in the market would be 159 Billion or enough to pay for imports for 3 months tops.
When the horse is ridden to exhaustion...That's the end of the race to the glorious future...sorry. Somehow you seem to think that an exhausted horse can be motivated to gallop at full speed past the point it drops dead.
Hey I know pass a rule making it illegal for exhausted horses to stop galloping at full speed.
That should solve the problem.
The top is not going to let the system implode...They whip you all to gallop at full speed...Until you become exhausted...Then thats it...
All the power that the top has is supplied to them from the bottom.
You are all hired to keep the system going and when you won't or can't...That's it...
Maximum potential power is maximum potential power. Maximum potential is infinite and indestructible.
The total power the Universe has access to is always less than infinite and indestructible.
Or the Universe would have no structure.
Your awarenesses of the Universe are not inside the Universe.
They have no structure...It's why all that you dream up when put into practice within the Universe has consequences you never dreamed of.
Because you did not dream of them.
Peak oil is where you run out or you can not afford to buy it. There have been billions of people that have been at peak oil for decades. For the entire history of the oil industry there have been millions and now billions that can't get their hands on it.
Those who choose to take more power than they give become richer in power or powerful.
Those who choose to give more power than they take become poorer in power or powerless.
There are billions of drones in the global hierarchy supplying power to the bottom of the American sub hierarchy. And within the American sub Hierarchy there are 100's of millions of drones supplying power to the top of the top of it which is ultimately supplied to the top of the top of the Global hierarchy in Europe. The USA is just an asset ultimately.
And the top of the top of the Global hierarchy then takes their cut or Yield of power and distributes what's left back down to reward all the billions of worker drones...
At the bottom of the bottom of the Global hierarchy many drones are sucked dry and drop dead every day.
Ultimately since the Absolute capitalist hierarchy takes more power than it gives...
The dividing line gets sucked up the hierarchy and spreads to all the other sub hierarchies in the Global hierarchy and begins being sucked up the sub hierarchies...and at the maximum potential point the bottom of the structure collapses...and the whole monstrosity implodes...
All the ignorant drones enjoying the delusional lifestyles of the wannabe rich and famous...
HAVE NO CLUE WHAT IS GOING ON...oblivious...Quaking in Terror wondering when their glorious leaders are going to tell them whats going on and what to do next now that all their hopes and dreams for the future have been blown out like candles...
Been like this for 1000's and 1000's and 1000's of years.
But Hyper the Top needs us and has to save us...
Yes the top needs assets and saves assets...But once the bottom is used up...They are not assets anymore...They are liabilities and either self liquidate or are wiped off the face of the ledger...
Can't feed 6 Billion boot lickers anymore...well...liquidate them until you get to the point that you can.
The above is real economics...Not the wishful thinking fantasy economics you all are devoted to and promote.
The Just think positive ignore the negative economic school of thought you all have been floating around in dazed and confused your entire lives.
Just so you can comprehend better
In the below equations you have the terms Initial principle and Future value.
The Future value is the initial principle and the initial principle is the Future value
If you have 1 bottle of wine initial principle and you never drink it and keep it in the wine cellar for 5 Years then the Future value is ultimately 1 bottle of wine.
But if you lend 1 bottle of wine out under the condition that you get 2 back in return in a year or 100% interest...Then many accounting irregularities begin to arise.
If you are not responsible for obtaining the future value then you are irresponsible and someone else is responsible but then what If they choose to refuse or can't no matter what obtain the future value...Then what?
Are they responsible for your irresponsibility?
That is the key accounting irregularity within the compounding interest equation.
It's not really an equation...It's actually a very simple algorithm or program at the core of the power accounting algorithms within the Absolute capitalist hierarchial food powered make work enterprise. The 6000 + years old city state or civilizational system.
And a key fixture of the 600 year old compounding interest commercial banking monetary system operating within the absolute capitalist hierarchial food powered make work enterprise.
There is no flexibility at all...
You either supply the required inputs to the equation or you don't...It can not predict future value by itself. And once you fail to supply the required input...The output or future value changes.
Once the future value begins decreasing it takes more power input to reverse the deflation of future value.
There comes a point where the equation requires infinite power to stop the future value from decreasing.
The logical conclusion of the compounding interest equation is the total annihilation of all opposition to the total annihilation of all oposition to the logical conclusion of the compounding interest equation.
Or implosion.
Because it's not really an equation its an algorithm.
The compounding interest algorithm = EVIL
Unless of course you enjoy inflating to maximum potential and then deflating to maximum potential over and over again forever...Then the compounding interest algorithm = GOOD.
Simplicity adds up to the multiplication of complexity which is then divided unequally to obtain the required yield of power the absolute capitalists want to manipulate the Universe how they desire.
The worshippers of the compounding interest algorithm will bear its burdens without complaint and perhaps without even suspecting that the equation is inimical to their interests while those who follow the worshippers will complain about the effects but will be ignorant of the cause.
The TOP of the TOP of the Hierarchy know that the absolute capitalist system can not be sustained and that the implosion of it is inevitable...
Those below them are the worshippers and below them are the followers.
There is a maximum potential to inflation is my point.
Reguardless of what all you all think, believe, or have faith in to the contrary.
The top or those with the ability to inflate the money supply need a reason to.
Saving your asses or causing the price of Gold or other commodities to inflate to infinity and beyond are not reasons the top will use as excuses to inflate the money supply beyond what the bottom can accomplish.
And ultimately there is no way to smash through maximum potential so it's doomed to implosion reguardless.
Inflation in human affairs can be traced ultimately to reproduction.
You are looking for salvation where there never was any, is not now, and never will be.
Money is debt and debt is money.
Someone owes you or you owe someone in the absolute capitalist hierarchial food powered make work enterprise...
It was designed by the owners of it and ultimately all below owe the top everything and the top owes all below nothing.
The top does not owe you all any money...You owe all the money in existence to the top...You all rent. The top are the LANDLORDS.
And ultimately power is the medium of exchange.
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 them or against them...
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...
Those who choose to take more power than they give become richer in power or powerful and those who choose to give more power than they take become poorer in power or powerless.
Allow me to take more power than I give from another and I care not who makes the rules
Since I will eventually suck all the power from the hands of the many into the hands of the few or one...
And then they who have the power will make the rules of the game you are all playing...
Money is a food substitute...Ultimately a tool that allows the exchange of power to be easier to accomplish and account for.
Ultimately the medium of exchange is power.
You need to amass the required amount of power to create money.
Once you have enough power you say this is money...or else.
The FED creates nothing it's just a regulator. A connection between the Federal Government and the rest of the Central banks in the 314 year old Global network based in the City of London. The biggest thing the FED did was introduction of a standard Bank note...prior to the 1900's there were easily a 1000 different banknotes in circulation in the USA
The commercial banks funded the creation of the FEDERAL RESERVE not the other way around....
And consumers funded the creation of the commercial banks.
People fund the creation of rich people and in the process the people funding the creation of rich people become poor people.
Those that choose to take more power than they give become richer in power or powerful.
Those who choose to give more power than they take become poorer in power or powerless.
The Creature from Jeklyll Island is a book directed at a target audience to obtain money...It explains very little. An most of it was ripped off from The first book called Secrets of the FEDERAL RESERVE The London Connection.
The FEDERAL RESERVE is just a branch in the Global central banking network.
G. Edward Griffin takes more power than he gives and becomes richer in power.
If he told truth he would lose power and his Creature from Jeklyll Island cult would implode to oblivion.
And he would have to figure out some other method/scheme to sustain the delusional lifestyle of the wannabe rich and famous he currently enjoys.
I know about the path of least resistance...Animals and lightening bolts follow it to the logical conclusion...Human beings have to choose to follow it...But since it's the path of least resistance it is the easiest choice...
Animals and Lightening bolts are ignorant by default...human beings have to choose to be ignorant...And invest effort into avoidance of effort. As long as you all don't mind inflating to maximum potential and then deflating to maximum potential then there is no problem or debate...
Just march to your doom with glee like bacteria and accept the fate you have all chosen and quit crying to me about it...Or attempting to explain to me what I'm well aware of.
You are the Government of you...if you become a threat to the continued existence of another Government then that Government will attempt to eliminate the threat to its continued existence and of course you desire to exist as long as possible so then you will attempt to eliminate the threat to your continued existence...
The ancient power trade imbalance/Power struggle.
Could just throw chains around all your necks again and start at square one.
You have to choose to be ignorant. Most of you are just emotional animals since your emotions are your masters...The top exploits this weakness to manipulate and ultimately gain control of you...
You can't gain control of yourself until you subdue your emotions and turn them into servants...
They are your emotions.
Just because something feels good does not mean that it is good and just because something feels bad does not mean that it is bad.
Every mistake I have ever made felt good when I choose to make it...
Like connecting to the Internet and posting on message boards.
Most people are just drones hooked up to the feeding tube.
Sure you vastly out number the top but you don't know where your masters are. You don't know how to function any way other than how you currently are which is the way your masters want you to.
The way you have been programmed.
You all are working for your masters right now and doing exactly as they want you to.
The bottom does all the work...The top just lives off the yield.
George Bush? Not the top just a drone like all of you.
The key problem is you all have no clue how to break free and as I pointed out above you don't know when it's time to either.
This is Universal...It's been like this as long as people have existed...
The entire 6000 years of recorded history...This is nothing new and you all have never ever escaped the rich getting richer poor getting poorer cycle.
You all just cry about it, then you die...
Monday, April 20, 2009
...Pull The Plug
The rich are playing a different game than the poor...It's designed so that the top wins by default...
"Free Trade Destroys Indian Cloth Manufacturing"
Carey describes how in 1813, British ``free trade'' removed tariffs on cloth imported into India, ``but with the restriction on the export of machinery and artisans maintained in full force.'' Within twenty years, Indian cloth manufacturing was completely wiped out. ...
The British East India Company's Opium Monopoly
... The opium juice was processed into a form suitable for smoking, and formed into three pound cakes, which were then wrapped in poppy pedals. Forty of these cakes were loaded into chests, each stamped with the symbol of the East India Company.
In a completely transparent fraud of ``free trade,'' the Company then auctioned off these chests to ``country traders,'' (whom it pretended were independent), at roughly four times the cost of production. These traders were licensed by the Company, and in some cases financed by it. The Company would even give the ``country traders'' opium on consignment, and collect payment in Canton (Guangzhou) after the opium had been sold. ...
What the British Will Never Forget
... The first major shipment of opium, was arranged in 1781, by the Company's Governor-General, Warren Hastings, who described opium as a ``pernicious'' commodity, ``which the wisdom of the Government should carefully restrain from internal consumption.'' ...
... By 1804, the revenues from opium sales to China, were sufficient to cover the cost of tea, imported from China. Between 1804 and 1806, $7 million were transferred out of China. ...
... The opium trade increased from 4,244 chests in the 1820-21 season to 18,956 by 1830-31. By 1831, the opium trade into China was two-and-a-half times greater than the tea trade. It was probably the largest trade in a single commodity anywhere in the world. ...
William Jardine: "Iron-Headed Old Rat"
The largest of the ``country traders'' was Jardine, Matheson & Co. William Jardine and James Matheson formed a partnership in 1828. Matheson was the first to see the potential of smuggling along the entire Chinese coast. Matheson blamed the Chinese dislike for ``free trade'' to their ``marvellous degree of imbecility and avarice, conceit and obstinacy.'' Jardine was nicknamed ``Iron-Headed Old Rat'' by the Chinese. ...
... Matheson used his opium fortune to become the second largest landholder in Great Britain, and was made a Baron by Queen Victoria. ...
... By the late 1830's, there was no doubt that opium was leading to the destruction of China. By 1836, opium shipments were more than 30,000 chests, enough to supply 12.5 million smokers. The Chinese imperial army lost a battle against local rebels because the army was addicted to opium. The financial drain on China was disrupting the entire economy. From 1829 to 1840, Chinese exports had brought in 7 million silver dollars, but imports, mainly opium had drained 56 million. ...
Creating a Pretext for War
Elliot sought to establish a pretext for war other than the defense of opium, arguing that the issue was the Chinese demand that British merchants be subject to ``barbaric'' Chinese law. He instructed British merchants to hand over their, in fact, unsalable opium stockpiles, with the promise that the British government would reimburse them for their loss. ...
... While Matheson continued the company's smuggling operations from the new base at Hongkong, Jardine was sent to London, as the representative of all the opium smugglers, to rally support for war. The propaganda he spread in London, was that honest British merchants were being besieged, imprisoned, deprived of food, and actually threatened with death. He rallied British cotton merchants that war was necessary to ``open China'' to imports of British cloth. ...
... The British carried out a series of attacks on Chinese cities using the fleet to destroy obsolete Chinese fortifications, and then threaten the cities with destruction unless they paid ransom. The British moved cannon to the edge of Canton, and forced the city to pay a ransom of $6 million. Shanghai paid $300,000, ransom but was still severely looted. ...
... The Chinese refused to even discuss the legalization of opium. The Emperor responded: ``Gain-seeking and corrupt men will for profit and sensuality defeat my wishes, but nothing will induce me to derive a revenue from the vice and misery of my people.'' ...
... In the period following the first Opium War, Hongkong was avoided by tea or silk traders, and instead served as a center for opium smuggling, gambling, prostitution and piracy. The Governor of Hongkong reported that ``almost every person possessed of capital who is not connected with government employ is employed in the opium trade.''
Hongshang: Central Bank for the Opium Trade
The Hongkong economy has continued to be dominated by opium money, as it developed into a model for the success of British ``free enterprise'' methods. The Hongkong and Shanghai Bank (``Hongshang''), the closest thing to a Central Bank that exists in the ``free enterprise'' Hongkong economy, was founded with opium money.
In the treaty ending the second Opium War, the Chinese were forced to accept the legalization of opium. With Chinese resistance broken, large scale opium production in China was begun, supposedly to stop the drain on silver caused by opium imports. Both imports and domestic production soared, with imports reaching 105,508 chests by 1880. It is conservatively estimated, that China's opium-addicts numbered between 30 and 40 million, at that time. ...
... Opium remained at the head of the list, averaging 10 million pounds sterling a year during the 1880's. By 1900, a great part of government revenues went to pay indemnities, imposed on China by various ``peace'' treaties.
Opium went hand-in-hand with foreign conquest and revolution. China was rapidly broken apart by the centrifugal forces introduced by the effects of British looting. From 1850 to 1860, China was racked by revolts by the Taiping and Triad gangs. Deaths from the chaos are estimated to have been several tens of millions. Many provinces lost more than half their population. By 1916, China was so shattered, that when nationalists around Sun Yat-sen attempted to set up a Republic, the greatest problem was to unite the country.
Adam Smith, An apologist for the British East India Company
... Adam Smith, in his Wealth of Nations, followed this belief, that human behavior was best ordered by each man following his hedonistic desires to their lawful conclusion. He argued that opium was a legitimate product, the same as any other commodity, that the objective laws of the ``invisible hand'' must be allowed to determine all economic activity, and anything which stood in the way, such as national governments, were an obstacle which must be removed.
John Dimitri Negroponte (born July 21, 1939) is a career diplomat currently serving as Director of National Intelligence for the United States. Prior to this appointment, Negroponte served in the United States Foreign Service from 1960 to 1997. He subsequently served as US ambassador to the United Nations from 2001 until 2004, and was US ambassador to Iraq from June 2004 to April 2005.
Negroponte was born in London. His father was a Greek shipping magnate. He graduated from Phillips Exeter Academy in 1956 and Yale University in 1960 (Member of Skull and Bones). He later served at eight different Foreign Service posts in Asia, Europe and Latin America; and he also held important positions at the State Department and the White House. In 1981 he became the US embassador to Honduras. From 1985 to 1987, Negroponte held the position of Assistant Secretary of State for Oceans and International Environmental and Scientific Affairs. Subsequently he served as Deputy Assistant to the President for National Security Affairs from 1987 to 1989, Ambassador to Mexico from 1989 to 1993 and Ambassador to the Philippines from 1993 to 1996. From 1997 until his appointment as ambassador to the UN, Negroponte was an executive with McGraw-Hill.
Negroponte speaks five languages (Greek, Spanish, French, English, Vietnamese). He is the brother of Nicholas Negroponte, founder of the Massachusetts Institute of Technology's Media Lab. Negroponte and his wife, Diana, have five children.
333 - Pronounced "Three-thirty-three." The title of the American history course required of all uppers at Phillips Exeter Academy, and also the name of the paper required by the said course.
Just a mile from the Potomac River, in Alexandria, Virginia and overlooking the nation's capitol, stands the 333 ft. George Washington Masonic National Memorial on historic Shooters Hill. ...
Dr. John Phillips and his wife Elizabeth founded the Phillips Exeter Academy in Exeter, New Hampshire, USA, in 1781. His nephew Samuel Phillips, Jr. founded the nearby Phillips Academy in Andover, Massachusetts in 1778. These two schools are among the oldest and most prestigious preparatory schools in the U.S.
"In the eighteenth century, opium was highly sought after by the Chinese, and so in 1773, the British East India Company assumed the monopoly of opium trading in Bengal. Company ships were not allowed officially to carry opium to China. So the opium produced in Bengal was sold in Calcutta on condition that it be sent to China.
"Despite the official Chinese ban on opium imports, reaffirmed in 1799, it was smuggled into China from Bengal by traders and agency houses averaging 900 tons a year. The proceeds from drug-runners at Lintin were paid into the Company’s factory at Canton and by 1825, most of the money needed to buy tea in China was raised by the opium trade. In 1838, the Chinese imposed a death penalty on opium smuggling which was then close to 1400 tons a year, and sent a new governor, Lin Zexu to curb smuggling. This finally resulted in the Opium War of 1840, eventually leading to the British seizing Hong Kong."
Elihu Yale, (April 5, 1649 – July 8, 1721), was the first benefactor of Yale University in New Haven, Connecticut, U.S.. His ancestry can be traced back to the family estate at Plas yn Iâl near the village of Llanarmon yn Iâl, Wrexham, Wales, and the name Yale is the English spelling of the Welsh place name, Iâl. He was a prominent governor of Madras, India, in British East India, amassed a fortune in his lifetime, and was generous with the proceeds.
"Elihu Yale was born near Boston, educated in London, and served with the British East India Company, eventually becoming governor of Fort Saint George, Madras, India in 1687. He amassed a great fortune from trade and returned to England in 1699. Yale became known as quite a philanthropist; upon receiving a request from the Collegiate School in Connecticut, he sent a donation and a gift of books. After subsequent bequests, Cotton Mather suggested the school be named Yale College, in 1718. Location of the infamous Skull and bones society...
Elihu is the fourth oldest senior society at Yale University. It was founded in 1903 by members of Skull and Bones, Scroll and Key and Wolf's Head. While similar to these three in charter and function, Elihu favors privacy over overt secrecy, which the founding members believed less offensive to late 19th century sensibilities. To this end, it is the only senior society whose building, at 175 Elm Street, has windows, although they are shaded. It is historically among the most left-wing and egalitarian of the current senior societies. It is named for Elihu Yale, one of the University's major benefactors.
The club's three-story white clapboard house is the oldest of all society buildings. Its brick basement is older still, constructed in the early 1600s as the Tory Tavern, a central locale of the Revolutionary War. It one of the oldest original structures in the United States still in regular use.
Tory
"From Toraidhe, Irish for bandit, cattle thief or outlaw, this term was initially applied pejoratively to the English supporters of the future James II during the Exclusion Crisis of 1679. 'Tories' later became the nickname of a political party (later known as the Conservatives) of those who, by common agreement, were particularly loyal to 'Church and king'"
"An American who favored the British side during the American Revolution"
"A Loyalist that supported the British"
The Whigs or Liberals were against the Tories...The Left vs the Right...
"Sixteen men and women are tapped during their junior year for their academic, athletic, or extra curricular excellence and commitment to public service. Members formally meet for dinner on Thursday and Sunday nights of their senior year. While the program is varied, it centers largely on the sharing of intimate life histories, with one evening of the week devoted to each member."
Famous graduates include Senator Joseph Lieberman, author Paul Monette and philanthropist Sir John Templeton, British citizen living in Nassau, the Bahamas.
A statue of Nathan Hale stands on Old Campus at Yale University. There is a copy of that statue in front of the CIA's headquarters in Langley, Virginia. Yet another stands in front of Phillips Academy in Andover, Massachusetts (where George H.W. Bush ('48) went to prep school and joined a secret society at age twelve).
"30 Jan 1976 George H.W. Bush begins a 12-month stint as Director of Central Intelligence. He later describes the situation in a 1999 ceremony at CIA headquarters: "I walked in here 24 years ago untutored in the arts of intelligence.""
Nathan Hale, CIA Kids page along with three other Yale graduates, was a member of the "Culper Ring," one of America's first intelligence operations. Established by George Washington, it was successful throughout the Revolutionary War. Nathan was the only operative to be ferreted out by the British, and after speaking his famous regrets, he was hanged in 1776. Ever since the founding of the Republic, the relationship between Yale and the "Intelligence Community" has been unique.
In 1823, Samuel Russell established Russell and Company for the purpose of acquiring opium in Turkey and smuggling it to China. Russell and Company merged with the Perkins (Boston) syndicate in 1830 and became the primary American opium smuggler. Many of the great American and European fortunes were built on the "China"(opium) trade.
One of Russell and Company's Chief of Operations in Canton was Warren Delano, Jr., grandfather of Franklin Roosevelt. Other Russell partners included John Cleve Green (who financed Princeton), Abiel Low (who financed construction of Columbia), Joseph Coolidge and the Perkins, Sturgis and Forbes families. (Coolidge's son organized the United Fruit company, and his grandson, Archibald C. Coolidge, was a co-founder of the Council on Foreign Relations.)
Dr Henry Kissinger
A member of the Council on Foreign Relations, Trilateral Commission, leading Bilderberger and head of Kissinger Associates (with Lord Carrington), Henry Kissinger is also connected with the Royal Institute of International Affairs (RIIA), the Chase Manhattan Bank, the Rockefeller Foundation, and is international advisor to the Hollinger Group. He is also a member of the Alpine Freemasons Lodge in Switzerland and was possibly a leading figure in P2.
Chatham House, also known as the Royal Institute of International Affairs is a non-profit, non-governmental organization based in London whose mission is to analyse and promote the understanding of major international issues and current affairs. It is regarded as one of the world's leading organizations in this area. It takes its name from its premises, an 18th century house in St. James's Square designed in part by Henry Flitcroft and once occupied by the British Prime Minister William Pitt, 1st Earl of Chatham (The Council on Foreign Relations is its American sister institute)
Chatham House is the origin of the confidentiality rule known as the Chatham House Rule, which provides that members attending a seminar may discuss the results of the seminar in the outside world, but may not discuss who attended or what they said.
Hey if your memories are not shot by the 24/7 multi billion dollar mind blast machine...Remember this back in 2002?
Bush names Kissinger to head 9/11 probe
Bush: 'Follow all the facts, wherever they lead'
Friday, November 29, 2002 Posted: 10:43 AM EST (1543 GMT)
WASHINGTON (CNN) -- President Bush on Wednesday named former Secretary of State Henry Kissinger to lead an independent panel to investigate U.S. intelligence failures before the September 11 terrorist attacks.
"This investigation should carefully examine all the evidence and follow all the facts, wherever they lead," said Bush, whose administration initially opposed the commission.
"We must uncover every detail and learn every lesson of September the 11th," Bush said.
Peter Alexander Rupert Carington, 6th Baron Carrington, KG (The Most Noble Order of the Garter) , (GCMG The Most Distinguished Order of Saint Michael and Saint George) , CH (Order of the Companions of Honour) , MC (Military Cross), PC (Her Majesty's Most Honourable Privy Council) ,DL (Deputy Lieutenant)
Her Majesty's Most Honourable Privy Council is a body of advisors to the British Sovereign. The Sovereign, when acting on the Council's advice, is known as the King-in-Council or Queen-in-Council. The members of the Council are collectively known as The Lords of Her Majesty's Most Honourable Privy Council (sometimes The Lords and others of...). The chief officer of the body is the Lord President of the Council, who is the fourth highest Great Officer of State, a member of the Cabinet, and normally, the Leader of either the House of Lords or the House of Commons. Another important official is the Clerk, whose signature is appended to all orders made in the Council. like this one
The Most Noble Order of the Garter is an English order of chivalry with a history stretching back to mediæval times; today it is the world's oldest national order of knighthood in continuous existence and the pinnacle of the British honours system. Its membership is extremely limited, consisting of the Sovereign and not more than twenty-five full members. The monarch of the United Kingdom is known as the "Sovereign of the Garter" and the Prince of Wales is known as a "Knight Companion of the Garter."
Liberals?
You are all uesful idiots along with the so called Liberals...nothing less...nothing more...
Yay it's Super Bawl 42...The Liberals vs. The Conservatives
The top divided and conquered the bottom (Into the left useful idiots and the right useful idiots) many many many centuries ago...
Inflation less than previous inflation to maximum potential (A.k.a. Deflation) is what Inflation greater than previous inflation to maximum potential transforms into when inflation greater than previous inflation to maximum potential reaches maximum potential...
The USA has been hyperinflating for decades...The FED will not stop deflation...it's impossible...All the FED can do is help the consumer postpone and delay it...That's what you all are currently doing day in and day out...postponing and delaying the inevitable for as long as possible...
You all seem to think that it's some evil scheme dreamed up by Daddy Warbucks...It's just how civilization as you know it functions and has always functioned...inflate greater than previous inflation to maximum potential and then when maximum potential inflation greater than previous inflation is reached...Inflation greater than previous inflation to maximum potential transforms into Inflation less than previous inflation to maximum potential...
The surface of the planet is coated with the ruins to prove it many times over...
Can't print up food to feed people...Or gasoline to fuel cars...or electricity to power the Internet...And The FEDERAL RESERVE does not print money at all...Consumers cause money to be created when they request a commercial bank to manufacture it...If consumers have requested all they can request or refuse to request any more...that's the end of the line...
Hint: A house is for the protection of a Family unit not a speculative get rich quick scheme or an ATM equity withdrawl machine.
The inflation greater than previous inflation of the money supply transforms into the inflation less than previous inflation of the money supply...Like in 1929 when maximum potential was reached...just this time around...the magnitude is many times greater...
Boy oh boy are you all going to be enraged when you all start really suffering from the effects that you think you are somehow prepared for or are going to escape...Nobody is going to escape top to bottom bottom to top you all are going to wake up from the daydream into the nightmare...
As the economy continues to implode...eventually no one will be paying anything...all the contracts on Earth are dependant upon Inflation greater than previous inflation to sustain them....Once inflation greater than previous inflation to maximum potential reaches maximum potential and transforms into inflation less than previous inflation to maximum potential...every contract on Earth will be busted...one contract pays for two and those two pay for 4 and those 4 for 8 etc...
Behind the scenes the debate currently is between doing what is required to at least keep you all fed (save as many as possible) or just pulling the plug and letting you all starve (Liquidate as many as possible)...and how to deal with the fate resisters.
Behind the scenes they are not wondering if....they know what is coming...The war on terror was just cover to implement all the new crowd controls for the austerity measures that are about to be presented.
The Key problem is that it's not just the good old USA in trouble...the entire "so called" civilized world is imploding...
And the number one source of inflation greater than previous inflation on earth is the US consumer...unfortunately there is no single economic zone or combination outside of the USA that can replace the USA because all the zones outside the USA are dependant upon the US consumer due to the 1944 Bretton Woods global trade system to sustain those outside the USA...The US consumer reaches maximum potential and China/India/every economic zone on Earth are cut off from the inflation they require to keep their economies inflated and they implode...
So there is no way to stop the nightmare...just postpone and delay for as long as possible...That's what has been going on since 1944...A delay of the inevitable...That is what is going on right now and it's what you and everyone else in the world is working day in and day out doing...delaying the inevitable for as long as possible...
Soon everyone is going to wake up from the daydream into the nightmare...You will believe...Because you are going to see it. You are seeing it now..
People say...I'm not in debt to anyone...so I'll be fine...You are in debt to the electricity company...the supermarket...the gas stations...etc...and without a source of income equal to or greater than what you are in debt to them for...all your savings...if any...will rapidly vanish...
And ultimately so will you...
Sunday, April 05, 2009
...Slowly Sucked Dry...
The total global money supply right now is around 200 Trillion Dollars. It is blowing around the planet right now beyond your ability to comprehend.
In the New York district the FEDwire handles almost 2 Trillion Dollars worth of transactions a day.
M1 is the measurement of a fart in the wind.
Zimbabwe is just reaching the point of collapse...All the holders of gold and silver coinage spent it all years ago trying to survive until the recovery that didn't come and any gold and silver coinage that went into circulation circulated out of the country and it didn't come back.
And it's the global trade system that has reached maximum potential and is imploding.
Zimbabwe still is connected to the rest of the world which is allowing them to survive...But there is no other world this world is connected to...to survive what is coming.
Inflation greater than previous Inflation does not last forever....It reaches maximum potential and transforms into inflation less than previous inflation to maximum potential.
The USA along with the rest of the world is not going to continue to inflate up...It's going to collapse down.
Poof.
Cry yourself to sleep for the rest of your life until the old generations of scared victims die off and are replaced with new generations of oblivious fools to take another run at it.
Unless the Governments of the world decree it to be money...They will not be rushing to get Gold.
Silver is what general circulating coinage was made out of.
There has never been enough GOLD so it could be used as the coin of the realm.
Not saying that Gold coins did not or do not exist.
But silver has been the coinage of the realm...sure Gold coins were minted...but peasants did not use them on a daily basis...Silver is what peasants used.
When the US Dollar was decreed into existence...All the circulating coinage of the world that the peasants or commoners utilized on a daily basis was silver.
Gold was confiscated in the 1930's...Silver was not touched at all.
Global trade was settled with Gold back then...and the USA owed Europe massive amounts...They called it all in....When the USA collapsed and imposed trade barriers...during the last Depression.
The Rothchild/Bank of England sponsored Gold standard act in 1900 which changed the US Dollar from silver to gold killed the 1792 defined US Dollar.
Ultimately...The Goldbugs destroyed the 1792 defined US Dollar.
Now they are basically praying for the hyperinflationary destruction of the USA to hit the jackpot.
But when you point that out they do like every criminal caught...claim ignorance.
But Hyper thats not how it's written down in all the books we have read...It's totally incompatible with our social engineering.
Yes I know.
They either have lots of gold and silver mines or will run a trade surplus or it's impossible.
Because if all these treasuries have no gold and silver...What are they going to use to obtain gold and silver?
Gold and silver?
How is a Treasury supposed to obtain all the Gold and Silver demanded by the population to construct coins if the Treasury has none?
Taxes?
Where then is the population going to get the gold and silver from to give the treasury the gold and silver it needs to construct all the coinage that the population demands the treasury to produce so that they can pay the taxes so that the Treasury can buy gold and silver?
You think you all are or have been missing something maybe?
You all love FRN's...Because without them...You could not buy Gold and Silver.
Ok get rid of FRN's...How do you all buy Gold and Silver?
How did the Governments of the world all these 1000's of years obtain all the Gold and Silver to construct coins if they don't own any mines?
Or is the Government supposed to own all the mines? Or are the Gold and silver mine owners the rulers and the Governments and all of you the subjects?
Please tell me how this is all supposed to work.
So then the US treasury is the only buyer of ore...or refined ore?
Like they...fix the price?
What if an ounce of silver costs 2 Dollars?
How will silver Dollars circulate if it's better to just melt them down and sell them back to the mint?
The population demands money...How are bills paid if there is not enough money produced to pay the bills.
Like at some point do you say...sorry folks...the mines are not producing enough silver and gold to sustain the continued growth of the economy...time to die?
Or invade another area that has higher producing mines...
Or just reduce the content of the coins?
First step towards an actual GOLD standard is for all the Governments of the world to stop the free market trade of GOLD and fix its value.
The Treasury of each nation would then become the only buyer...Coins with higher face value than the fixed value could then be produced and begin circulating.
Don't do the above...forget a Gold standard.
And as far as I can tell electronic Gold is just a derivative scheme currently.
Ultimately you are back to the scenario that when you have utilized the Gold supply to its maximum potential...Economic growth would have to stop and the economy would collapse.
Or lets say the mines increase the gold supply on average 3% a year but all the gold in circulation has been taken by the top and lent and relent into circulation over and over again and the entire supply has a 5% growth or interest rate attached.
It's inevitable that the bottom will reach the point where they can no longer pay the rent on the money supply or support a growth rate of the money supply by 5% but the supply of Gold is only growing by 3%.
So default is a certainty regardless how hard the bottom works or how obedient they are.
So it will start having to be fractionally reserved and when the fractional reserve shrinks to almost nothing then other materials will have to be utilized to construct money out of to sustain the bottom's ability to pay the rent due to the top...or rich.
It's not a myth...It's why the current system is in operation...to sustain growth past the Gold and Silver limit.
Then factor population growth...The more people the greater the demand for money becomes.
There is nothing stopping a person from starting a bank up...just have to start accepting deposits and making sure that when you start lending that you have more inflow of money than outflow.
And attaching interest to money or a growth rate does eventually lead to collapse.
The top lives off the yield from the bottom...
The bottom supplies the top with what the top needs to supply the demands of the bottom.
Everything the top has is obtained from the bottom.
The bottom of course demand compensation from the top for holding the top up..
The only place the top can obtain what the bottom demands as compensation for holding the top up is from the bottom.
The top basically owns the entire money supply which they either directly or indirectly lend to the bottom.
Basically the bottom has to rent the money from the top they need to pay the rent due to the top.
It's what has been going on for 1000's of years and is no secret.
The top owns everything...When the bottom gets paid and spends their paychecks the money just goes back to the top.
How do you think the top obtains all the money and power they have?
Where do you think all the money you spend goes?
Top sucks from the bottom.
Of course you could take money out of circulation and never ever spend it to stop supporting the top.
Now imagine all the raw materials you need to power the continued existence of your civilization other than Gold and Silver.
You can't run out of any of that either or scarcity will cause the prices to be bid up.
You fail to understand that just because a road exists does not mean it's going to be followed.
Because that's what you CLOWNS are pounding the table to get me to believe...
Well there's conditions that need to be met before a hyperinflation can start.
I see no evidence of any impending hyperinflation...and even if one were to all of a sudden ignite...It would be followed by a hyperdeflationary implosion regardless.
Nobody is hoarding enough cash to cause this.
In 2007 the consumers of the USA were requesting the commercial banking system to issue 11 Billion dollars a day of new money.
But now only around 6.5 to 7 Billion dollars a day of new money...
It's not hoarding...It's the consumers...they are maxed out.
You see those people auditioning for American idol...They go in thinking they are singers but find out...They can't sing at all...they stink...a total disgrace.
Some even in denial after the verdict.
That's what you clowns are but in the realm of economics.
Yes they are maxed out...It's why the growth rate of the money supply has slowed by the most in 65 years and the whole global trade system is crumbling.
And I see nothing right now showing any change...the economy has been slowing for over a year.
That 1 Trillion will not catch up...And it's not new money...its the US Government issuing bonds and borrowing 1 just under 900 Billion dollars from the money supply or total debt...that is currently around 52 Trillion Dollars.
Heres a classic case of inflation...
The Continental was the name of a paper currency issued by several American Colonies, as well as by the Continental Congress, after the Revolutionary War began
"The second Congress met in Philadelphia on May 10, 1775, and on that day, in secret session, the measure was agreed upon, but the resolution was not formed and adopted until June 22, the day on which news of the battle on Breed's Hill was received by the Congress. Then it was resolved
that a sum not exceeding 2,000,000 Spanish milled dollars be emitted by the Congress in bills of credit for the defence of the America,"
and that
"the twelve confederate colonies [Georgia was not then represented] be pledged for the redemption of the bills of credit now directed to be emitted."
Each colony was required to pay its proportion, in four annual payments, the first by the last of November, 1779, and the last by the end of November, 1782. A committee appointed for the occasion reported the following day the annexed resolution:
Resolved, that the number and denominations of the bills be as follows:
49,000 bills of 8 dollars each ... $392,000
49,000 bills of 7 dollars each ... 343,000
49,000 bills of 6 dollars each ... 294,000
49,000 bills of 5 dollars each ... 245,000
49,000 bills of 4 dollars each ... 196,000
49,000 bills of 3 dollars each ... 147,000
49,000 bills of 2 dollars each ... 98,000
49,000 bills of 1 dollar each ... 49,000
11,800 bills of 20 dollars each ... 236,000
———— —————
Total, 403,800 ... $2,000,000
Resolved, that the form of the bill be as follows:
CONTINENTAL CURRENCY.
No.———— ————Dollars.
This Bill entitles the Bearer to receive ———— Spanish milled Dollars, or the value thereof..."
"A committee was appointed to procure the plates and superintend the printing of the bills. The plates were engraved by Paul Revere, of Boston. The paper was so thick that the British called it "the pasteboard currency of the rebels." The size of the bills averaged about 3-1/2 by 2-3/4 inches, having a border composed partly of repetitions of the words "Continental Currency." On the face of each bill was a device (a separate one for each denomination) significant in design and legend; for example, within a circle a design representing a hand planting a tree, and the legend "Posteritat" — for posterity. Twenty-eight gentlemen were appointed to sign these bills. New issues were made at various times until the close of 1779, when the aggregate amount was $242,000,000."
The spanish milled dollar? Constructed from the silver looted by the Spanish self proclaimed Bond servants of Jesus from the Aztec and Incan civilizations which the Spanish annihilated in the looting for Jesus operation...
It was the most abundant coin in the New World...
The US Dollar showed up in 1792 by decree...The coinage act of 1792 and the US Dollar was decreed to be...
"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 sixteenths parts of a grain of pure, or four hundred and sixteen grains of standard silver."
so 371 grains X 242,000,000 = 89,782,000,000 grains/480 grains per troy ounce = 187,045,833 ounces of silver that no one had to spend especially the continental congress...
Taxation without representation? How about Hypocracy without representation? What was the solution? see below...
"The First CENTRAL Bank of the United States was needed because the government had a debt from the Revolutionary War, 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."
Hence the need for the 1792 decreed money or coinage act...
Anyways back to The So called Revolution...
Now there were 100's of chartered and unchartered commercial banks operating in the USA all during the so called Revolutionary war...and they used all those Continentals as collateral for loans...and inflated the debt supply of the colonies massively and there was massive hyperinflation and after the so called war eneded in 1783 the Continentals were not printed anymore and the hyperinflation (leveraging of old debts to create new debts to service the old debts at the resquest of the consumer) could not be sustained and the economy in the colonies suffered a hyperdeflationary implosion...The index of all commodity prices fell from 226 to 85...The Depression of the 1780's...Ever hear about it? History is written by the winners...ever hear that one...Well below must be the account of a loser...
"With trade at a standstill, farm produce a drug in the market, no employment for common labor, and little spiecie in circulation, court judgments for debts or overdue taxes could in most cases be enforced only by stripping a farmer of his real estate, his cattle, and his furniture. In Worcester County alone, 92 persons were imprisoned for debt in 1785"--Historian Samuel Eliot Morison.
In some places the economy imploded so deeply that grass grew waist high in the streets...
Or how about this account...of the civil war...Between the rich and poor made poor by the rich...
"As the situation worsened in 1786 armed bands of impoverished debtors forcibly prohibited courts from sitting including the Court of Quarter Sessions in Worcester County. Violence was most intense in New England and the Northeast, where population pressures combined with depleted soil to press subsistance farmers to desperation. Rioting mobs intent on preventing the enforcement of judgements against debtors struck in many areas, including New York, Connececut, Vermont, New Hampshire, Rhode Island, and Massachusetts."
"In Massachusetts, Connececut, and Rhode Island the discontent was organized along military lines. thousands of men, commanded by continental army Veterans and current officers of the Massachusetts state militia, were organized into rebel regiments."
The most important military engagement of these revolts was Shays's Rebellion, a battle for a Federal arsenal at Springfield, Massachusetts, on January 25, 1787.
"Their Creed is, that the property of the United States has been protected from the confiscations of Britain by the joint exeritions of all, and therefore ought to be the common property of all; and he that attempts opposition to this creed is an enemy to equality and justice and ought to be swept from the face of the Earth"--General Henry (Fort) Knox Commander, U.S. Government forces, on New England rebels in 1786
"What is to give us [Richmen] security against the violence of lawless [poor]men? Our Government must be braced, changed or altered to secure our lives and property"--General Henry (Fort) Knox Commander, U.S. Government forces to General George Washinton 1786
The above effects were after all the consequences of all that money the congress of Richmen decreed into existence to entice the poormen to fight the so called revolutionary war...
Another classic hyperinflation...
"ARTICLE 235 The Versailles Treaty June 28, 1919
In order to enable the Allied and Associated Powers to proceed at once to the restoration of their industrial and economic life, pending the full determination of their claims, Germany shall pay in such installments and in such manner (whether in gold, commodities, ships, securities or otherwise) as the Reparation Commission may fix, during 1919, 1920 and the first four months Of 1921 , the equivalent of 20,000,000,000 gold marks."
2790 Gold marks equalled 2.2 Lb of pure gold.
15,770,609 Lb of Gold or 7885 short tons of gold or 229,935,483 oz of Gold...
Quite a bit of GOLD...Especially when the total above ground stock around that time was 50,000 tons with around 25,000 tons monetary Gold world wide...
And Germany certainly did not have 7885 short tons of gold in 1919 1920 or 1921...
What to do then?
The British (Bank of England) basically told Germany to print marks to buy GOLD...From? The winning powers...
The Looting of Germany carry trade...Germany printed marks and then bought Gold then the amount of GOLD they owed dropped and the winning Powers still had GOLD and loads of marks...what to do with all those marks? send them home to roost buying raw materials and finished goods...the excess flowed into German issued bonds...
The marks flooded into the German commercial banking system allowing it to inflate the debt supply in Germany...The more GOLD Germany bought the more marks they had to print...Which caused the purchasing power to drop...It was quickly losing it's value...
But outside of Germany all the currencies were quickly gaining value...Basically German exports were getting constantly cheaper and cheaper...A free give away of German raw material and finished products basically...
This fueled the Roaring 20's until the mark was losing value so fast that it basically caused prices inside Germay to hyperinflate until it was impossible to account...The looting of Germany carry trade collpased in 1924 after about 14 months of Hyperinflation of prices or a hyperdeflation of the value of the mark...
The Hyperdeflationary shockwave spread out into the Global system...It hit in the USA late 1926 causing a collapse of the booming real estate sector which rapidly sold off and poured into the stock markets causing a massive mainia that reached maximum potential in late 1929...the USA and the rest of the world then collapsed from 1929-1933...
In 1944 at the end of the 1933-1945 Bankruptcy reorganization of the global 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 Bretton Woods global trade system has now inflated to maximum potential and the roaring "6 decades" are coming to an end.
So is there going to be a replay of of the above?
Bond yields rising signals a slowing down of demand for bonds.
Basically a shortage of money bidding bond prices up...
You clowns are so desperate for hyperinflation...Any mention of inflation is gobbled up.
Rising yields would be the coup de grâce for the US real estate sector...the #1 engine of monetary inflation on Earth.
The problem is that US Consumers are maxed out...
At these low rates...demand for debt is still not as high as it was in 2007...
Higher rates will destroy already weak demand...poof game over.
Hyperinflation? Yes of course it started in the 1970's Money supply was increasing along with bond yields.
Then something odd happened...money supply continued to grow while yields dropped and prices started to stop rising as fast.
Where did all that inflation go?
It was exported out of the USA.
"A Special Economic Zone (SEZ) is a geographical region that has economic laws that are more liberal than a country's typical economic laws. The category 'SEZ' covers a broad range of more specific zone types, including Free Trade Zones (FTZ), Export Processing Zones (EPZ), Free Zones (FZ), Industrial Estates (IE), Free Ports, Urban Enterprise Zones and others. Usually the goal of a structure is to increase foreign investment. One of the earliest and the most famous Special Economic Zones were found by the government of the People's Republic of China under Deng Xiaoping in the early 1980s. The most successful Special Economic Zone in China, Shenzhen, has developed from a small village into a city with a population over 10 million within 20 years."
And China in general as more zones were opened up has inflated like mad the last 30 years.
But the US consumer is maxed out.
The household debt to income ratio in 1970 was maybe 65% in 2000 it was 80%...now it's 130%
"The one-time fishing village of Shenzhen was singled out by late Chinese paramount leader Deng Xiaoping to be the first of the Special Economic Zones (SEZ) in China. It was formally established in 1979 due to its proximity to Hong Kong, then a prosperous British territory. The SEZ was created to be an experimental ground of capitalism in "socialism with Chinese characteristics"."
That's how the hyperinflation was stopped in the 1970's...The manufacturing sector was rapidly exported out of the USA from 1980 on...
It's a slow process...It's just going to get worse and worse...Until you and all the people around you are sucked dry.
Top sucks from the bottom.
The USA = Top/demand
The rest of the world = Bottom/supply
The global system needs the required amount of inflation to sustain its continued operation.
The required amount is not too much and not too little but always greater than previous.
The growth of the money supply has collapsed by the most in 65 years.
So too little inflation is obviously taking place.
Americans are obviously not spending enough to sustain the continued inflation greater than previous inflation of the USA and the world...It's as simple as that.
Time to collapse to oblivion.
The FED did not raise rates to fight inflation...
They follow the bond markets...How does the FED raise rates?
By increasing the amount of bonds in circulation?
Only the US Treasury can do that with authorization from the US Congress.
So the FED was not raising rates...to combat inflation in the 70's to the 80's
The supply of bonds was increasing faster than the money buying them.
The problem was solved by exporting the manufacturing sector out of the USA and for the US Dollars coming home to roost from places like Japan and China to buy bonds to bid the price up and yields down...to of course keep rates low so US consumers could continue requesting commercial banks to issue more and more new money to buy all the wonderful cheap imports from slave labor and low wage zones.
For basically 30 years.
But jigs up now.
As rates were rising in the 1970's the FED was following the bond markets up but saying the reason that they were raising rates was to fight inflation...
Nope...Just following along....and at the top when maximum potential was reached and rate yields were collapsing...they said something like they were lowering rates because of deflationary fears...
The FED does not raise or lower rates.
All the people of the USA operating in the economy of the USA dictate rates.
The FEDERAL RESERVE has very little real power to do anything...It's your religious faith in the Power of the FED that is the greatest source of its power over all of you.
The vast majority of what the FED says it can do and does...Is a lie.
Because you all have almost zero clue how the system works...you basically have to believe the lies are truth.
Years ago I belived that the FED set rates...It's what all the books told me...then I actually took the time to investigate if the FED could set rate...and found out they can't.
Most of you are so far gone there is no way you will ever catch up...you will until the day you die be at the complete and total mercy of liars.