The YEN is the strongest it’s been against the US Dollar in 15 years because the supply of Yen is growing slower than demand…But the pound has caved so much because the supply of pounds has been increased.
The Euro strong?
The massive austerity measures being implemented are causing the collapse of various economic zones within the EU which is slowing the production of Euro's
Germany was set up after the 1933-1945 bankruptcy reorganization as the top of the hierarchical power amassing apparatus ..The rest of the EU is the bottom...The result is the collapse of various economic zones within the EU as the top sucks the bottom dry since the bottom can no longer sustain the yields the top is demanding.
Iceland was just a snack for those higher in the hierarchy...Imagine your employer chopping you up and eating you when you can no longer supply enough to sustain you and them.
With exponential growth…the longer you move in a direction the quicker you arrive at the logical conclusion.
Inflation greater than previous inflation to maximum potential is followed by inflation less than previous inflation to maximum potential.
Or.
Inflation less than previous inflation to maximum potential is followed by inflation greater than previous inflation to maximum potential.
Depending upon when the maximum potential or logical conclusion of the algorithm is being reached.
The absolute capitalistic hierarchical food powered make work enterprise or city state…what you all call civilization…Sustains itself by attempting to transform variables into constants until the logical conclusion is reached…
Inflating…Not too much, not too little, but always greater than previously
But once maximum potential is reached…Inflating not too much and not too little but always less than previously.
An example is 1945
Total credit market debt, or what the FEDERAL RESERVE component of the apparatus calls the money supply, was 355 Billion Dollars.
Consumers requesting commercial banks to increase the money supply are the cause of the increase and decrease of the supply of money or at least closer to the logical conclusion than is the reasonable assumption or belief in the magic printing press….Helicopter Ben
By 1950 the supply was 425.3 Billion Dollars.
Meaning that from 1945 to 1950 US consumers requested the commercial banking component of the power accounting apparatus to increase the money supply by 70.3 Billion Dollars
Or by 38.3 Million Dollars a day from 1945-1950
1950-1955 582.3 or 157 Billion Dollars or 86 million Dollars of new money requested by US consumers from commercial banks per day.
1955-1960 780.5 or 198.2 Billion Dollars or 108.5 Million Dollars of new money requested by US consumers from commercial banks per day.
1960-1965 1107.3 or a 326.8 Billion Dollars or 178.9 Million Dollars of new money requested by US consumers from commercial banks per day.
1965-1970 1600 or a 1.6 Trillion Dollar money supply or an increase of 492.7 Billion Dollars or 269.7 Million Dollars of new money requested by US consumers from commercial banks per day.
1970-1975 2619.1 or a 2.6 Trillion Dollar money supply or an increase of 1.019 Trillion Dollars or 558.1 Million Dollars of new money requested by US consumers from commercial banks per day.
1975-1980 4725.1 or a 4.7 Trillion Dollar money supply or an increase of 2.106 Trillion Dollars or 1.15 Billion Dollars of new money requested by US consumers from commercial banks per day.
With exponential growth…the longer you move in a direction the quicker you arrive at the logical conclusion.
1980-1985 8622.9 or an 8.6 Trillion Dollar money supply or an increase of 3.9 Trillion Dollars or 2.1 Billion Dollars of new money requested by US consumers from commercial banks per day.
1985-1990 13766.8 or 13.8 Trillion Dollar money supply or an increase of 5.1 Trillion Dollars or 2.8 Billion Dollars of new money requested by US consumers from commercial banks per day.
1990-1995 18468.6 or 18.5 Trillion Dollar money supply or an increase of 4.7 Trillion Dollars or 2.6 Billion Dollars of new money requested by US consumers from commercial banks per day.
Also the longer the greater the magnitude of occurrences…The recession or great depression of the 1990’s shows up.
It’s observable…the other recessions or slowing of the rate of inflation greater than previous inflation doesn’t show up.
1995-2000 27138.3 or a 27.1 Trillion Dollar money supply or an increase of 8.7 Trillion Dollars or 4.7 Billion Dollars of new money requested by US consumers from commercial banks per day.
To sustain inflation greater than previous inflation to maximum potential you must inflate by not too much, not too little, but always greater than previous.
But it is people doing their best to obey the equation at the core of all the accounting algorithms and they can’t always supply the top with the yield it is demanding.
But the problem was solved.
2000-2005 41280.3 or a 41.3 Trillion Dollar money supply or an increase of 14.1 Trillion Dollars or 7.7 Billion Dollars of new money requested by US consumers from commercial banks per day.
2005-2010 to date 52055 or 52.055 Trillion Dollar money supply or an increase of 10.8 Trillion Dollars or 5.9 Billion Dollars of new money requested by US consumers from commercial banks per day.
The next depression or slowing of the money supply growth shows up.
Beginning in late 2008 with the total credit market debt or money supply reaching 52.7 Trillion dollars to now it has not inflated greater than previously at all. Except for the last quarter by 14.7 Billion Dollars…
It collapsed, contracted, shrank or inflated less than previous inflation down to 52.039 Trillion then inflated greater than previous inflation to 52.055 Trillion Dollars…so far that’s the result of the greatest coordinated global government economic intervention in history.
The supply of money increased by 14 Billion Dollars the past year but in 3 months during during 2000 to 2005 it only took consumers 2 days to request that amount of new money.
And you all are attempting to convince each other that hyperinflation is on the way…
Total dupes being duped by the mass media…forced to embrace the mainstream lie.
The greatest global deficit spending program ever attempted caused the supply of money to start growing again.
But in order for the fantasy world you all think is real to continue fooling you all into thinking it’s real the past 65 years…the only way to escape the recession is to continue exponential growth.
The US economy is short 5 Trillion Dollars now and at current growth rates…the deficit within the USA of money will just grow larger and larger…It will become impossible to sustain yield extraction.
Meaning that basically any money input into the global enterprise will disappear back into thin air faster than it appears.
The cause is the consumer reaching their maximum potential ability to request more and more new money.
All the Trillions and Trillions of Dollars you all think have magically appeared have not…they returned into thin air faster than they appeared out of it.
The vast majority is totally oblivious of all this of course…gonzo…you.
Well it will be time for round two at some point and the bailout will have to grow exponentially or it will fail.
Of course you all will not accept round two unless you all are exposed to new and improved hardships.
Further suffering.
Further torment from the equation.
How long will it take Congress to supply consent if the majority is gone?
The Population has a choice…begin requesting commercial banks to increase the money supply by 7.7 Billion dollars a day and increase that exponentially forever…Or don’t and collapse to oblivion.
Not hurting yet?
Played the game like a champ up to this point?
You all just think you are winning of course because the game you are all playing was designed by the top so that they win by default.
And since you all have been playing it for 1000’s of years…it’s all you know how to do and can’t escape.
Because once you start playing…you can’t stop until you reach the logical conclusion…where you all lose.
Where the reasonable assumption is annihilated by the logical conclusion.
Where the delusion of the players that all think they are winning is shattered by Truth.
In exponential growth there comes a point where you are forced to blast off…that’s what the 2008 cave in was…
That point has to be returned to and surpassed in order to recover out of the depression the global economy is headed into.
With exponential growth…the longer you move in a direction the quicker you arrive at the logical conclusion.
Once you comprehend Truth you begin arriving at logical conclusions almost instantly.
There’s still zero evidence that this lower high being marked as a recovery is going to be followed by a higher high or new highs yet.
And that is all that will supply enough power to sustain the lie masquerading as Truth you all currently have fallen in love with.
Higher highs…higher yields…
But you all are maxed out…How to shrink debt to income levels back to 1945 without liquidations of assets or destruction of equity.
Can’t be done.
Greenspan calls this a pause….also said that it would be a good idea to prop the global indexes so that the vast majority of morons would see green arrows and think that the recovery lie is not fiction but fact.
Oh the central banks hit the pause button?
Bankers do zero except live off the yield from the bottom…there is no pause button.
When there’s a pause it’s because the bottom they are sucking power from has been either sucked dry or is refusing to supply the top with the power they are seeking.
Period end of story.
And if the top raises yields it will just inflate less than previous inflation faster.
Or you think that increasing mortgage or long term exponential growth rates will cause real estate to recover?
Whipping an exhausted horse to gallop twice as fast as it just did the past 65 years is not going to work.
It’s over.
Fortunately since the bottom is oblivious of this…The collapse is very slow because the bottom is basically killing their selves fighting it like it’s a recession.
Day in and day out you all just keep marching to doom with glee.
And as long as it remains this slow…You all will liquidate each other for quite some time before becoming aware.
Until then you all will claim irresponsibility for the actions of humanity but with no supporting evidence…well real evidence…not fabricated and planted for you supreme morons stumble upon.
I hear them blasting you all 24/7 with lie after lie…then you idiots try to rebroadcast your interpretations of the lie to me…
Really…You all actually continue to attempt to convince me to accept the recovery lie you have embraced like good little drones.
There’s nowhere to go but down further…
169 comments:
Deflation is a cherished delusion. Cant you see all the prices of everything going up, like gasoline, food, etc? Where is that money coming from? Bens printing press.
could very well be we have reached the maximum inflation possible in this cycle. but still:
1. what makes you think this is/was the top in 2008. you see, consumer expanded credit. why cannot they expand it further?
2. "There’s still zero evidence that this lower high being marked as a recovery is going to be followed by a higher high or new highs yet"
as well, there is still zero evidence that this lower high will not be followed by higher high (also unlikely at this stage)
The money supply is showing signs of growth after the greatest global Government intervention in history.
After 1 year the US money supply grew as much as it did in a couple of days prior to 2009.
meaning that the supply is not growing enough to sustain the top and the bottom.
The bottom is being cannibalized to support the top.
top sucks from the bottom until the bottom is sucked dry...then the top cannibalizes the bottom and the system implodes.
Stage one is inflation of debt and the destruction of savings.
stage two is the deflation of debt and the destruction of equity.
stage three is the bankruptcy of the banks, collapse of the economy/division of labor, and the consolidation of power.
They are making lists of to big to fail banks in preparation for the next downward leg...
stage 1 into stage 2 shaows up as a recession...you idiots then dseperated try to dig yoursleves out back into stage 1...
but when you morons reach the point where you refuse to or can't...you goe from stage 2 to stage 3.
it hurts your poor widdle feelings...you become depressed.
at the depression.
Stage 4 of course is even lower...total breakdown of civilization when the consolidation phase fails.
Eventually this process will reach maximum potential and the dividing line between the top and bottom will rise higher and higher and cause more and more to start suffering.
You all will actually start to suffer...significantly.
well beyond the current goof off period you all are enjoying.
You all will stop asking me the current type of stupid questions over and over again or posting moronic opinions.
Ben does not increase the size of the money supply...But if we want to use Ben as a fall guy to simplify discussion with idiots that have accepted the helicopter Ben fairytale the top controlled mass media has been blasting you all with for 8 years...then fine.
Ben has as much control over the money supply as Kermit the frog has over Sesame street.
He's basically a Muppet.
You all think comic book villains are real...so you easily fall for the helicopter Ben stupidity.
The global money supply has been growing exponentially for decades.
The top has hidden the inflation with various accounting tricks...
But ultimately the problem is yield.
Top lives off the yield from the bottom and with the bottom cutting spending or their requests for commercial banks to increase the supply of money...the only way to extract the required yields from the bottom is by forcing the bottom to supply the yields.
food fuel/energy...All you morons need it...like Duh
The price of hi tech luxury is not growing...the prices of real estate is still hardly growing or still collapsing.
and wholesale prices of food have hardly grown
the top uses the yield they extract from the bottom to obtain wholesale which they then mark up and supply to the bottom retail.
basically you morons supply the top with what they need to supply you all with paychecks and when you spend your paychecks you just give the top back what they gave you.
plus mark up...or yield...and you all have to request commercial banks to increase the money supply (obtain so called loans) so you can supply the top with the yield.
The top owns and controls the global food supply and distribution networks.
Standard oil royal dutch shell and BP own and control the global supply and distribution of petroleum.
All the things you clowns need are being cranked to obtain the required yields.
but hyper what about Gold and silver...
peak gold and silver was reached decades ago...there's not enough supply to meet demand...so it was fractionally reserved...derivativtized for every ounce of real gold there's 25 to 30 ounces of paper gold.
The top owns all the gold...the top bought up massive amounts in 1998-2000 and then leased it out.
Any gold that does enter circulation is just sucked up to the top and relent into circulation...or held.
The authorities want all you morons to think hyperinflation is on the way...
Because if you retards figured out that hyperdeflation is coming...you would stop trying to obtain more and more and more...and instead try and protect what you have.
On the way up it's they who obtain the most who win...but on the way down it's they who lose the least that win.
You all will continue trying to obtain yields well past the point where you need to stop and protect what you have.
The vast majority of you clowns will be wiped out to the point you won't be able to sustain an Internet connection.
You all have not been exposed to significant suffering yet.
Anyway you slice it and dice it...90% of you are going to be liquidated this time.
fast or slow...
The top is not trying to inflate out of this deflation...The top is only fooling all you brain dead know nothings into thinking such.
The so called QE 2 is not failing...it's working as planned.
The top knows it's game over...They have known all along that it's impossible to sustain exponential growth...they have known all along that demanding a fixed yields year after year is exponential growth...you morons thinks it's investing for the future...
All they are doing is slowing down the process as much as possible so you all can adapt without flipping out.
Of course at the bottom it will be very ugly...but that is years away and at the point there will be a massive infrastructure in place to deal with fate resistors who will be the minority and exhausted.
fate resistors = terrorists.
The homeland emergency government in waiting...remember back then...the largest reorganization of the US federal government since the End of World War 2 which was the liquidation climax of the 1933-1945 bankruptcy reorganization of the previous global trade system that caved in.
It's what 911 was all about...
The world trade center had very little to do with world trade...but the 1945 Bretton Woods world trade system/1971 "New economy" reached maximum potential and began collapsing...sept 11 was just the top telling all you boneheads about it.
And you all still don't get it...you won't until the fantasy you currently embrace is annihilated by reality.
Nope...It's all just a big soap opera that has you enthralled until the day you cease to exist.
You are all toiling away constructing and maintaining the apparatus that is going to liquidate all you soon to be unfundable liabilities.
You all think you support yourselves...but you don't...the top are the paymasters.
If you all don't supply the top with what they require to sustain your income...then you transform from an asset into an unfundable liability...and will be liquidated one way or the other.
right now at the beginning stages you simple minded stunted boot licking drones are oblivious...
Generally you will only wake up once you are forced to...like the German population when they were running around in the rubble of their cities trying to hide from Russian rape murder gangs.
It's not an opinion...I don't think you all are morons...I know you are.
There is no way to sustain the so called free market system as you call it without masses of mindless morons that have a massive ability to consume.
back in 1945...Yes...now...no...
China...lol...once you reduce the cost of slaves to it's maximum potential there is no where to go but up.
The Chinese use their countrymen like toilet paper and motivate them with lies about the bright glorious future of progress...
So enjoy the burning embers of the good old days while they last.
Some weird glitch caused all those posts to become corrupted.
c'mon hyper, you don't know what you are talking about "you all morrons have not been exposed to significant suffering yet" - I was exposed to enough of suffering in the 90-es after the collapse of the USSR and I do not give a damn about coming so called "suffering". anything that does not kill me, makes me stronger. and if I die - well, so be it...
by the way, my grand-dads were among these "Russian gangs among German crumbled cities", and I can only say, the Germans more then deserved, what happened to them.
interesting facts about BIS: http://magenta.ruc.dk/upload/application/pdf/76572fc0/Marcussen,path%20dependency2006.pdf
"The United Nations Monetary and Financial Conference
Recommends: The liquidation of the Bank for International Settlements at the earliest possible
moment” (Final Act, 22 July 1944).
The Universe is perfectly fair, everyone gets what they deserve,and there is no hope.
Of course you all can expand credit further...Just not by enough to sustain the continued economic growth of the global trade system.
On the way up you all are basically forced to request more and more and more new money to be created...
Once you reach maximum potential you all are forced to request less and less.
Can we not just go the way of Japan?
we can just deflate slowly for 20years can't we? Why is liquidation of 90% then needed-
Isn't a new reorganization under a One World- New World Order going to solve the problem?
they'll just have one world currency and start over will they not?
Why can't Bernanke add money supply? Total credit market consist of government debt also.
If The Fed buys treasury using new electonic money, the total credit market also add up.
Why do you insist Bernanke can do nothing to the money supply Hyper? Please explain in simple mathematic, many of us are not economists.
Hypertiger,
In one of your earlier posts you mentioned liquidation rate of 90% in the upcoming bankruptcy reorganization. Which 10% of the bottom you think will be spared? Do you plan to be among them (or are you top)?
Total credit does not entirely include the public debt.
Bonds are issued by the treasury with congressional approval and used to...
BORROW MONEY FROM THE MONEY SUPPLY.
The total money supply is around 52 Trillion dollars
The Public or Federal debt is almost 14 Trillion Dollars.
The 52 Trillion was requested into existence by all the consumers of the USA.
The Federal Government borrowed around 13 Trillion Dollars of the 52 Trillion Dollars.
The FEDERAL RESERVE system is not your employer.
The monetary system does not employ you all.
You all...
The billions and billions of oblivious drones supply the top with what they give you all below.
Money is just an accounting tool the top invented to make the power amassing process easier.
That's what tools do.
The problem right now is that the bottom has reached the point where they are no longer able to supply more and more yield.
The Commercial banking system monetizes yields.
Hey I have this power amassing scheme...If you supply the money I will supply the yield.
No yield...The system doesn't work.
It collapses.
But the so called QE is the Fed buying the treasury Hyper.
Federal goverment can't borrow enough, so it ask the Fed to supply them with what they needed.
Let's say credit market jammed at 52T and begin to contract a bit every quarter. As long as treasury increase it's debt and the Fed keep suppling them those money, total credit market can remain at around 52T or even climbing.
Where is my understanding wrong Hyper?
Hey Hyper... Are you still stacking silver?
"Some weird glitch caused all those posts to become corrupted"
How could this have escaped the genius of your giant living brain?.....
600 billion dollars? QE
The QE 2 Is 600 Billion dollars
The average value of transfers through the Federal reserve bank of New York is 3 Trillion dollars a day.
21 Trillion dollars a week...Over a quadrillion a year.
1000 Trillion dollars a year...600 Billion is not even 1%.
the global money supply is 200 Trillion dollars equivalent.
way less than 1% of that is playing with the gold and silver markets.
The money supply could contract by 50% and there would still be more than enough money in existence to blow gold and silver up to infinity and beyond prices.
Because you are all morons that have zero clue...You think this QE is the cause?
You are all basically forced to gulp down all the lies the mass media is blasting you all 24/7 with.
It's 100% smoke and mirrors to fool the masses.
Yield rates on short term treasuries have almost doubled the past week.
600 Billion Dollars of bonds is a spit in the bucket...Over 1 Trillion Dollars of securities flow through the New York FED a day.
The vast majority of the global money supply or 60% of the total is held by European banks.
The London derivatives market is twice the size of the New York market.
The USA will take the fall but the owners don't exist in the USA.
The USA along with the entire global trade system is an asset that is rapidly transforming into an unfundable liability that is going to be liquidated one way or the other.
You morons are trapped in the soap opera of the system.
You all have about as much control over your destiny as leaves caught in a hurricane.
I'm just waiting for the next scapegoat you all will be socially engineered to believe is the cause of the end of the recovery.
Then new emergency measures will be put into place to save you all from that crisis...then the next scapegoat will be rolled out when the next recovery lie can no longer be powered...and you all will lap that up too.
You've got Mish and Kunstler in your links, and we are the morons?
Hyper, it seems to me there is a small mistake in your argumentation. you cannot compare turnover at FED with the monetary base. Monetary base is abt. 52 trln, so 600 bln. is abtout 1% of it. Still not much, but seems to me exactly right to compensate for a while for crumbling consumer credit expansion to give an illusion of "recovery" a bit longer.
where am I wrong?
We aren't all as stupid as you think we are, Mako.
Some see through the lies, even backward hicks like me who don't have a pot to piss in.
Thanks for the heads up on everything..I was almost beginning to think that we might just somehow stumble along indefinitely.
I think what hyper says is only Federal government can add the credit market money supply (by issuing more debt), not the Fed itself.
If federal government does not add treasury debt, then even if the Fed print money to buy existng treasury, what really changes is only the quantity of cash, not the total money supply.
QE1 add to the credit market, because it is done via treasury issuing more debt. QE2 does not add to credit market, because treasury does not issuing more debt than already has been passed by congress.
CMIIW..
"And since you all have been playing it for 1000’s of years…it’s all you know how to do and can’t escape."
Wrong, because in 1971 money was finally deleted. Course we been pretending that it was still there, but nope, I've checked and it ain't there any more.
There is no need for consumers to request money creation from banks, the treasury can just create it as required.
As interest rates approach zero and all bank deposits are guaranteed, there is no difference in any case between treasury money (base money), broad money and gov bonds is there?
Without any actual money in circulation the top is not going to get a real yield and there's nothing they can do about it.
Hyperinflation - no - because government nominal liabilities are still demanded in tax and nominal liabilities have zero carrying cost and thus will always move sufficiently faster than assets so as to retain a medium of exchange function.
The clever top, as you refer to them, will no doubt get a yield by picking the right assets to save into at the right times. So there can still be a top, just with much higher bar of entry.
The top will have access to special information, and hence will protect their yields this way. After all, money is just information.
Hyper - you are wrong.
Yes the Treasury could create zero interest loans of future income to be spent in the present while the Federal Government could change the monetary rules and ban attachment of interest to money which basically would cause the transformation of the banking system back into a actual banking system.
The Congress of the rich and wannbe rich is not going to ever agree to that since the top which include the rich live off the yield from the bottom.
Ultimately you all live off the yield from those below...You all for the most part are rich or wannbe rich.
Sorry to say that you all are not going to agree to that because that is just one change of many that would need to take place to avoid the consequences of the cause of the problem.
Lim you are delusional moron.
when yield rates reach the point of maximum potential inflation less than previous inflation they will begin inflating greater than previous inflation.
They will rise one way or the other.
The cost of food and other commodities are rising because rates are being kept so low by all the holders of US Dollars like china, Japan, the EU etc...buying Treasuries.
China, Japan, the EU need lower and lower rates so that US consumers can continue requesting commercial banks to create money to buy imports from the rest of the world...
Or poof...what you all have seen up to this point is not anything significant...A nightmare beyond you current abilities to comprehend unfolds.
Really...Ultiamately the claims of the authorities that they prevented a nightmare are close to being fact.
The reality is that they just postponed or slowed the collapse.
It's not over and never will be over until the conditions that existed around 1945 return.
debt to income ratios of equal perportion roughly...or 100%
now they are fluctuating around 350 to 375% of income.
At the top in 1929 they were around 295%.
we are only at 1930 at this point.
The hyperinflationary debt self delusional bubble that preceded 1929 powered by the post WW1 looting of Germany carry trade took around 10 years to build.
The post WW2 looting of the world carry trade bubble has been growing for 65 years.
The bubble you all are living on top of currently is monumentally epic.
at current collapse rates it will take until around 2016 to get to 1933.
You all will be dead an gone before the bottom is reached.
any faster an hardships none of you are prepared to tollarate will materialize and civilization as you currently are enjoying will end.
You all will enter into wild cornered animal stage...it will be ugly.
It's inevitable...but the top is doing what is required to postpone arrival at that stage for as long as possible so that when it is reached the number of fate resistors is as small and manageable as possible
Sorry Lim but here the rebroadcasted lies of the top along with your opinions formed from input and processing of those lies do not function with me...
the vast majority of you do your accounting backwards...You all account for your selves first...The absolute capitalistic way.
The responsible capitalist accounts for them self last.
It's why I continually allow you all to wipe your feet on my face.
The bottom is the source of the money creation.
All the slaves slaving supply the top with the power required to create money.
When the bottom reaches the maximum potential to supply the top with the required power to create money...
It's game over.
In the case of the USA as an example.
In 1945 the USA was made the demand for good and services while the rest of the world is the supply.
At this point theres roughly 4 billion people on Earth holding up the USA directly and another 2 billion indirectly within the global trade hierarchy.
If the USA had closed borders and was not part of the global trade system then the bottom would be located in the USA.
The bums sleeping on the streets of the USA are not the bottom...they are being supported by billions of slaves globally as well.
Inside the USA they are but within the global hierarchy they are not.
YOU MORONS HAVE ZERO CLUE...THE TOP TRAINED YOU ALL HOW NOT TO THINK AND YOU ALL PASSED WITH FLYING COLORS.
YOU ARE ALL IDIOTS.
disgraces.
It's never been the FED or the Government or the Top.
The bottom produces all the power.
The top lives off the yield from the bottom.
The bottom produces all the power the top requires to supply the bottom with what they demand as compensation for supplying it.
The bottom is the power plant.
The top is the light bulb that is shining bright and mesmerizing you dummies.
The 52 Trillion dollars of debt, credit, or money created the past 65 years was requested into existence by the consumers of the USA.
The absolute capitalistic hierarchical food powered make work enterprise is not money powered.
Remove money and it still will function...remove the food or the power powering it and cities turn to dust and kings into skeletons.
It's food powered...
money is a food substitute.
food is power.
ultimately the medium of exchange is power.
The Federal government the Federal reserve...etc.
have no ability to create power.
All of you have power which you utilize to sustain your existence.
When a man and a woman cause reproduction...the potential power the top has access to increases.
I can't lift a large boulder unless I have more power.
More of you to help.
The bottom is the source of all the power within the hierarchy.
Top lives off the yield of power from the bottom.
The top obtains all that they have from the bottom.
money is just a tool...Something the top invented to make accounting for and acquisition of power easier.
The top needs massive amounts of power to create money...
The problem is that the bottom has a maximum potential ability to support the top.
The bottom has reached it and that is why the system is collapsing.
Because there is nothing the top can do to acquire more power because all the power they require comes from the bottom.
There is not another source.
you think the government or the FED or something else is the source.
Each and everyone one of you is a source of power.
Ultimately that's what millionaires and billionaires do...manipulate millions and blillions of people into supporting their lies and delusions.
The thing you all call civilization...the absolute capitalistic hierarchical food powered make work enterprise is just a power amassing scheme invented 1000's of years ago.
It's basically a lie you all have fallen deeply in love with...a cherished delusion that has a maximum potential ability to exist.
You all supply power to the delusion to sustain it and Truth is the enemy of it.
Truth destroys lies and shatters delusions.
When the bottom reaches the maximum potential to supply power to the delusion...it shatters.
That's the problem...You all are fighting to the death to protect cherished delusions from being shattered by Truth.
"And since you all have been doing it for 1000’s of years…it’s all you know how to do and can’t escape."
Moron.
You all are done...As employees within the global enterprise you have reached your maximum potential to sustain the enterprise after 65 years of operation and you all are transforming from fundable assets into unfundable liabilities that are going to be liquidated one way or the other.
The top does not care about money.
Money is something you give to lower forms of life to get them to do what you want them to do.
Allow me to take more of another's power than I supply and I care not who makes or breaks the rules of the game you are all playing.
Eventually the power from the hands of the many will be sucked from the hands of the many into the hands of the few or one.
Then those with the power will make and break the rules of the game you are all playing.
A secret is what you idiots think I'm unaware of.
Game time is over...you want to play games...Go somewhere else because here I will put an end to your games before they begin.
I will show that that basically everything you think you know is nothing but lies you fell in love with and are now your cherished delusions.
You all will basically fight to the death to protect that which you cherish.
Simplicity adds up to the multiplication of complexity which is then divided unequally and subtracted to obtain the required yield of power the absolute capitalists at the top of the hierarchy want to manipulate the Universe how they desire.
Money is just something you morons have been trained to lust after.
It's what the top used the power you gave them to do...Manipulate you all into the lie embracing/loving brain dead idiots you are.
Socially engineer you all into the best boot lickers ever.
Basically you morons are having oral sex with your masters boots.
The ones that claim they are not are the ones that are the most engrossed.
Screaming thank you master from the mountain tops when you are kicked in the face.
lick kick lick kick...
You are all gone...totally trapped and broken.
Little scheming dead end pieces of vomit like Beria
Little pea brains that are made to seem crafty or smart because you are surrounded by even greater pea brains.
You all are just the smartest stupid people that have ever existed.
Can we not just go the way of Japan?
japan has been on life support for decades.
They have done everything possible to debase their money supply so that they can dump subsided luxury automobiles into the USA.
If the Japanese government/bank of Japan done that...Japanese luxury exports to the USA would be unafordable and Japan would have imploded to oblivion decades ago.
The japanese used yen to buy dollars to collapse the value of the yen and their exports.
they then took all the excess dollars from the trace surpluss from the dumping operation to buy treasuries so that yield rates would continually allow US consumers to create mortgages and flood the US economy with money to buy Japanese subsidized luxury items.
The USA is not able to do this...
china is now at the point where japan was in the lat 1980's...
One slight problem...the supply of consumers able to do a replay don't exist.
back then the debt to income ratio was around 70% it hit 100% around 2005...
Prior to 100% consumers are basically forced to request more and more and more...past 100% consumers are forced to request less and less new money.
China is just going to hyperinflate and implode.
There will be no way the USA and western European consumers will be able to support the consumption required to sustain the continued exponential growth of China.
China was opened up in 1979 to the US to absorb imports of consumer debt inflation from the USA.
It basically hyperinflated China into what it is today.
It took the western economic zones centuries to do what China has done in the past 30 years.
Basically there are Chinese worker slaves and US consumers slaves.
and the consumer slaves have become fat and exhausted.
It's game over...All that you morons are exposed to in the media is don't worry be happy just think positive ignore the negative whips to keep you all going as the top cannibalizes you all.
The USA is not Japan...The accounting trick japan has utilized all these decades won't work.
The debt to income ratio is now around 120%
it's impossible for US consumers to support more and more consumption.
European consumers are caving in and austerity measures are being implemented.
Ireland was being promoted as a model booming economy outdoing the USA a few years back...now with it's consumers maxed out...it's imploding to oblivion.
The US subprime hijinx is promoted as the cause...but it's just an effect.
the mortgage collapse was caused by the reaching of the maximum potential of the choice of taking more than is given.
The cause is choosing to take more than is given
It's basically the same as chopping down trees faster than they regrow.
All your economic models work wonderfully and you are a respected well paid administrator of the economy...
Until the trees run out...
Then the delusion the chopping down of the trees is powering...shatters.
The problem is not monetary at all...
Sure if you had more money you would be ok but trees need to be chopped down to power the existance of the money needed.
The supply of debt free consumers has run out.
Thats basically what getting someone to sign on the dotted line for a mortgage is...a tree that has just been chopped down.
and they are all gone.
It takes roughly 20 years to produce a debt free consumer for the system to consume.
That the purpose of formal education...Produce new drones to be capitalized upon by the previously manufactured drones.
You all can't wait around for 20 years for the trees to grow back.
The top fooled you all...but also socially engineered you all into pansies.
I'm telling you things that you are not only not supposed to know...but you all don't want to know because it shatters your cherished delusions of civilization as you comprehend it.
It kills your devout faith in the just think positive ignore the negative religion.
The vast majority of you are alive not because your mother and father loved each other.
It's because the top needed you all as assets...sources of power to supply more and more power to the enterprise.
Now that you all are transforming into unfundable liabilities...you will be liquidated one way or the other.
http://www.timesonline.co.uk/tol/news/world/us_and_americas/article6350303.ece
Thanks for making us rich in money and power idiots...But now we just don't need you all any more...
Now it's time for a little downsizing.
There's the downsizer and the downsizee
I can hire one half of the working class to kill the other half."--Jay Gould, robber baron (Absolute capitalist), 19th Century
Oh yes it will all look benevolent for quite some time but will turn malevolent the closer we get to the logical conclusion.
You all won't care until it's you...and all the top is going to do the next 100 years is use the majority to eliminate the minority.
smaller and smaller.
The federal reserve hijinx that has you morons enthralled is just one small part of a picture so monumental that it's just beyond your stunted abilities to comprehend.
You are just millions and billions of useful idiots.
That are becoming more useless every day.
marching to doom with glee.
I'm not here to entertain your fools...you want entertainment...go to any number of sites that are just opinion stores where morons that need opinions can shop till they drop.
Oops, I seem to have pushed the wrong button.
You point out that japan has been unable to create inflation and I ponit out here the very simple and obvious reason why it hasn't done so (but will succeed eventually), here:
http://liminalhack.wordpress.com/2010/11/04/water-water-everywhere-not-a-drop-todrink/
allow me to quote myself:
"To understand the persistence of the Japanese problem and to an extent, the persistence of weakness in the USA despite bernake’s best efforts, we need look no further than global nominal interest rate imbalances and carry trades.
When you have domestic rates at zero combined with foreign investment opportunities yielding 4,5,6,7% return (even if they are ponzi schemes like the bubble in Australia) the source of Japan’s problem becomes obvious – Japanese monetary policy has been very successful in stimulating spending, just not in Japan. Consider for a moment the case in which all developed and developing economies had interest rates in the range 0 to 3% and the picture would look very different indeed. Where would the money go then?
...
Consider the case when the capital from Japan has nowhere to go, or at least nowhere that is sufficiently preferable to Japan itself when foreign transaction costs are taken into account. What then is the danger of deflation in Japan and how difficult would it be for the Bank of Japan to sustain a moderate level of inflation?
Answer: Not very difficult at all.
In my next few blog posts I’ll start to consider the landscape of a world totally infected by ZIRP...."
"The supply of debt free consumers has run out."
No. The economy can be maintained at peak debt ad infinitum as long as nominal rates remain at 0. The debt of consumers - both private debts and tax owed- is what prevents hyperinflation from gaining hold.
Sometimes deflation will threaten again and enough new entries are made in the ledger courtesy of the tresury to prevent that.
Then sometimes actual growth happens, and the banking system creates new money which moves immediately and without mercy to the point of maximum yield, until that yield is crushed down the the bare risk premium.
Nominal losses of the whole system are then made good and the equilibrium continues. Growth is not required. The top of the top survive by hopping assets at the right time.
No problem with any of this, except the matter of the trees.
Markets hyperconnected by 4 gbit/sec of data that move sover two copper tracks or hundreds of hundreds of gbits moving over optical fibre will not permit yield to exist.
Money now moves much faster than so called investors, much faster.
The only reason this is creatnig deflation in some places is due to the imbalance in nominal yields accross the world. Look at brazil - is it deflating. NO.
The top lives off the yield from the bottom.
What does the bottom live off of?
The yield from the bottom that is supplied to the top by the bottom...minus the yield the top requires.
And you are saying that top can survive off of zero yield ad infinitum.
You are saying that it's possible for a business to produce no yield but still finance it's continued operation?
You are basically saying that once we run out of trees to chop down to sustain our operations...We can just continue chopping down trees that don't exist to sustain our operation.
Are you an example of a retard?
It would be wonderful if the current enterprise was designed to operate on zero or negative yields...but it can't.
It implodes to oblivion and there's 1000's of years of examples to point to.
The surface of the Earth is littered with the skeletal remains of previous monuments to the previous retarded attempts to survive without yield.
GM and Chrysler attempted the zero yield trick in 2001 and imploded last year and the US Government had to put guns to everyones head and force the population to bail them out.
Those are just sub hierarchical power amassing schemes within the global enterprise.
The top is the rider and the bottom is the horse.
when the horse is exhausted and can no longer support the rider.
It's over
when the horse can no longer supply the yield the rider wants or needs...the rider must find a new horse or wait until a new horse is found.
There is only one global trade system and it took 65 years to built it up into what is all starting to come crashing down.
It has been topping for a decade now.
The descent has been in progress for over 10 years.
The transition from inflation greater than previous inflation to inflation less than previous inflation has so far taken 10 years.
It's a wave...The bottom is the surfboard the top ride the wave on.
For 1000's of years now.
Sorry I even need a yield...I haven't been able to figure out a way to sustain my existence on nothing.
The top does own the oil of the world and the food supply and distribution networks.
There the top can force you all to supply more yield.
Because you need those things.
The top installed Ben...
He takes the fall...and the top doesn't.
You are all falling for it.
like Pavlov's dogs.
The Homealand security government in waiting.
fate resistors = terrorists.
Enemy combatants even
The war on Deflation started 2001 on 911.
You all of course think differently because the top has taught you all to love lies and hate Truth.
You all will be peer pressured into compliance.
Being able to exist on zero yield...like burning more calories than the food you obtained by burning the calories contains...Is not possible.
"China is just going to hyperinflate..."
Why does China get to hyperinflate and we have to hyperdeflate? I wanna hyperinflate too! It ain't fair.
Because without the consumers of the USA...China will have to exploit it's domestic population...They will have to pick up where US consumers are leaving off.
They will have to get into the massive debt required to sustain their economy that the US consumers are currently doing but reaching their maximum potential ability to do so.
"You are saying that it's possible for a business to produce no yield but still finance it's continued operation?"
It must produce a nominal yield. The real yield is immaterial in order to ensure that drones keep tacking up the track that has been traveled and lay it down in front.
You cannot connect everything and everybody together with high bandwidth communications channels and expect yields to remain. Yields as you have pointed out so many times are all some form of arbitrage. Markets and hot money kill yield, and hot money is a result of microelectronics and fiber optics.
The top, my friend, will live off intermediating in this connectivity network. The top will be nodes through whom wealth flows - extracting fees. Is this not the mode of operation we can already see?
A real yield can be obtained by inserting oneself in the flow - by being a flow monster. A real yield can still be obtained by having inside info, even more so now.
The main difference is that yields obtained in the form of the fiat unit of account must be immediately reinvested in the right place to continue extracting from the flow.
What you have missed is that money no longer exists and what we have is a simple fiat unit of account. Thus yield cannot be extracting from having it, but only by having it pass through you.
The top already have worked this out.
You however, have not.
"Thus yield cannot be extracting from having it, but only by having it pass through you."
So, don't let it pass.
http://gold-silver.us/forum/general-discussion/here-is-how-we-breaks-their-backs-and-it's-perfectly-legal/
Reinvesting positive yield back into the acquisition of positive yield is exponential growth and it's impossible to sustain.
If you invest the yield from chopping down trees into the acquisition of more yield...You eventually begin chopping down trees faster than they regrow.
When you run out of trees...the the reinvestment operation stops.
When you run out of trees...the flow ends.
The effect macro economically is what you see taking place currently in Europe...The collapse of the economic zones within the EU at the bottom of the European Union hierarchical power amassing hierarchy.
The EU is just one of many economic zones that supply power to the owners of the global absolute capitalistic hierarchical food powered make work enterprise.
We don't eat electromagnetic polarity differentials on hard drive platters or power the continued existence of what you all call civilization with them either.
copper...needed for bullets...to decide who controls the global heroin supply crop...has to be acquired...
If you get too close to that flow you might bleed to death.
The problem is that the bottom has reached their maximum potential to power your fantasy world.
Money is a tool created by the top to make the power extraction from the bottom to the top easier.
The flow will continue shrinking as long as the bottom can no longer or refuses to supply the required positive yield.
The top has you all convinced that they are the source of power...It's obvious you accepted the program the top created to govern your operation if you think the top or your superiors are the source of the power you require to sustain your continued existence.
Sure the top will obtain what they want...but when they redistribute it to the bottom to pay their employees for accomplishing their purpose...
There will be less and less.
employees that require funding.
employees are assets or liabilities
fundable assets are ones where you receive more power out than you supply.
Unfundable liabilities are where you recieve less power out than you supply.
The power is produced by the bottom...
The top lives off the yield from the bottom.
What does the top do with all the power.
They fund the continued existence of the employees of the enterprise.
If the employees can no longer supply the yield the top requires to sustain their existence.
The division of labor has to shrink or the employees have to take cuts in the amount of power they receive as compensation for holding up the top.
The hierarchy collapses as the flow stops inflating greater than previous inflation to maximum potential and begins inflating less than previous inflation to maximum potential.
Money never did exist...It's just a mass delusion ultimately the top has manipulated you all into embracing.
All money is fiat...or by decree.
The top informs the bottom what money is...
because the top own the monetary system.
The top invented it to make the acquisition of power easier.
If you supply me with enough food to sustain my existence for 3 days I will supply you with enough food to sustain your existence for 1 day.
What is done with that extra food...It's given to another employee to make sure you supply 3 days worth of food.
Or you will be terminated and replaced with someone more obedient.
Money makes the power acquisition process far easier to accomplish.
I'm sorry to say but it's the bottom that creates all the power that powers the absolute capitalistic hierarchical food powered make work enterprise.
All the power that powers the continued existence of the money supply.
and if the bottom reaches their maximum potential to supply the required amount of power to sustain the continued existence of the money supply.
It ceases to exist.
It's why the money supply as measured by the FEDERAL RESERVE is shrinking.
The bottom has reached their maximum potential to supply more and more power to the top
The top can't survive on nothing and that is why they are raising the prices of everything they can.
They are connected to the flow and you all are going to supply what the top wants or die trying ultimately.
You all have been doing such for 1000's of years now.
Is there some other information you think I'm unaware of but not.
"Reinvesting positive yield back into the acquisition of positive yield is exponential growth and it's impossible to sustain."
Wrong. I did not claim the yield extracted would be increasing. Some of the gain needs to be re-invested to maintain the extraction machinery.
The rest has to be spent - on mansions or bitches or whatever. This is what makes it sustainable. Genuinely fiat money won't allow other possibilities.
As long as this is maintained then the top can exist as well on part of the flow siphoned off as they could do by siphoning off part of the stock and sitting on it, all dragon like.
I'm not saying the top won't exist.
The bottom who are fundable assets transform into unfundable liabilities and will be liquidated one way or the other.
As the flow of power from the bottom to the top shrinks the top's ability to fund the continued existence of the bottom shrinks.
In the inflation greater than previous inflation to maximum potential phase of the wave.
the hierarchy grows larger and larger.
Once the maximum potential of inflation greater than previous inflation is reached.
inflation greater than previous inflation transforms into inflation less than previous inflation to maximum potential.
The the hierarchy stop growing and begins shrinking.
the top know this...
The fundable assets...all below begin transforming into unfundable liabilities faster and faster.
They are then liquidated one way or the other.
The plan 65 years ago was to create the largest wave possible so that it will take over 100 years for it to complete.
The boom of the past 65 years in the USA only took 5 to 7 years prior to 1900.
The top is not going to issue money to fund the continued existence of liabilities.
The top is only going to fight the liquidation as much as is needed to keep the inevitable implosion of the global trades system unfolding as slow as possible.
Too fast and you all flip out and stop supporting the top and then the plan the top employs the bottom to follow fails due to lack of power.
The top has known all along that the current system was inevitably doomed to reach maximum potential and collapse.
The top maintains their position by giveing the bottom what they want.
The bottom wants more and more and more compensation for holding the top up.
since everything the top has comes from the bottom...once the bottom reached their maximum potential to supply the top with what the bottom wants...there is no way for the top to supply the bottom.
The enterprise then collapses.
It's a wave the top has been riding for 1000's of years and the bottom is the surfboard.
It's you all that are oblivious of reality...Not me.
The top has nothing...all that the top has comes from the bottom plain and simple.
The problem is not money...the problem is the bottom has reached it's maximum potential ability to support the top.
The top produces nothing.
There is a maximum potential to the bottom's ability to support the top.
That is the problem it has nothing to do with money or fiat anything.
The bottom...which consists of billions and billions of people within the global hierarchy have reached their maximum potential to support all your bullshit.
You can whip an exhausted horse all you want...it's not going to gallop.
Whatever you say the whip is will not work.
That's what you keep trying to convince me is possible.
It's not you idiot.
another is like an all you can eat buffet...and you keep lowering the price and increase the volume to the point that everyone is fat and can't eat any more.
At that point you can't even get people to eat...even if you give the food away for free.
Imagine interest rates being the cost of the all you can eat buffet and money is the food.
You know zero about economics...you are a moron.
The top is the employer...Bill Gates?
He is just a self employed employee at the top of a power amassing sub hierarchy within the global power amassing hierarchy.
The top is the employer and all below are employees.
fundable assets.
The top becomes richer and richer in power by taking more power than they give from the bottom who grow poorer and poorer by giving more power than they take.
top sucks from the bottom until the bottom is sucked dry.
The hierarchy stops growing and collapses.
The top then employ the survivors to build the next power amassing hierarchy.
HT,
Is the reason the bottom has hit saturation and not able to support the top due to a slowdown in the growth of the population?
That and peak oil forces the exponential growth to a stop?
-Mike
1. [qte] China has begun subsidizing imports to lower the domestic prices to hold internal rates of hyperinflation down ...
That will work pretty good until their current account surplus is exhausted [/qte]
this would cause their reserves to go down - we do not see it yet.
2. [qte] 56% of it is owned by European based banks...The US share is only 25%...Guess that's why Germany is not suffering as much as those lower in the food chain. [/qte]
thought Germany was number 3 in global rank (30% US, 15 % Japan and 7,5 % Germany) how comes they are first now? when did it happen and how? why not Japan, which is on life support? Why not Britain, which still "rules the world"?
Mike, you are correct WRT pop growth slowdown.
The 'liquidation' which HT threatens has already happened, and is progressing and is self-inflicted by individual choices.
Interestingly, the largest fertility drop is in those sectors one might think of as 'the top'.
Of course, this is not the first time this has happened. The roman elites also failed to reproduce after about 100 AD...
So the system has been collapsing since 1998 essentially when oil was a whopping $12/bbl. If somewhere they were to find about 4 Saudi Arabia's and some additional refining capacity online tomorrow then you would see a resumption of the exponential growth in the money supply. That of course would maybe give the clowns an additional ten years of bliss.
Really it all boils down to the fact that rising fuel costs/deflating energy return on energy invested is rendering the waste-based "economy" as unprofitable.
Folks, there is no escaping this fact. You can write your congressman, you can complain about it, you can run from it, you can laugh at it, but unfortunately you can't hide from the reality that your pathetic existence is probably about at the end of the line.
Most of the candy asses on these boards could barely hold a shovel from falling over much less stick it in the dirt.
It's nice to find another human who is embracing the truth rather than running from it. Nice blog.
The cause is the choice to take more than is given.
Any slowdowns you are seeing are effects of the cause.
Peroid end of story.
split 100 as equally as possible.
you get 33.333333---> repeating forever basically.
it's easier to split 100 into 33, 33, and 34.
it's easier to take more than is given.
it's the path of least resistance.
You all basically follow the same path as mindless bacteria.
Bacteria follow that path by default because bacteria are mindless...
Human beings can choose to follow the path of most resistance.
The technological advances you all see took massive effort to cause the existance of.
But at the basic level...what you all call civilization...is absolute...It is based on taking more than is given...It follows the mindless path of least resistance.
Because it's following the same path as bacteria...lightning bolts...plants...rocks falling down a mountain.
It's ability to sustain it's continued existance is finite.
all civilization can do is grow to maximum potential and then shrink to maximum potential.
rise and fall...
it's a wave...the top are aware of this.
The bottom is the surfboard that the top have been riding the wave on for the entire 6000+ years recorded history of what you all call civilization.
"Germany was set up after the 1933-1945 bankruptcy reorganization as the top of the hierarchical power amassing apparatus ..The rest of the EU is the bottom...The result is the collapse of various economic zones within the EU as the top sucks the bottom dry since the bottom can no longer sustain the yields the top is demanding."
Alex...
Germany is the top of European Union hierarchy as far as power flows go.
If the so called top are so very clever and all knowing then why are they allowing QE to happen when the end result is that it kills their yield?
Fact is, whoever this so called top is lost control of the makework enterprise in 1971 when the last link to gold was dropped. That day money died and what we all now call money is just its rotten corpse, or rather a figment of our imagination.
Periods in which the return to capital (yield as you call it) falls and the return to labour rises have happened before, notably after the black death killed off half the workforce.
It was AFTER this liquidation that the return to capital fell and the return to labour rose. Certainly this resulted in some changes at the 'top' during this period but power structures remained in existence, certain parties continued to extract yield and life generally went on.
Look at this graph and tell me where the great liquidations you speak of have actually occurred, because I can't see them, not even in the 14th century, not on this graph.
There is no historical evidence to back up your narrative.
Hyper, have you observed the true nature of your Ego? If not, everything you say is meaningless. I ask because you speak of Nature as if you know her. Yet your speech is that of doom, and Nature knows no doom. That is entirely a man made invention. People, answering their own questions, and believing their answers to be true. Pure folly.
"The mind makes a good slave, but a terrible master".
I'm not threatening a liquidation.
I'm just telling you all about real economics...
Within the enterprise you all have been socially engineered into identifying as civilization...
Fundable assets that transform into unfundable liabilities are liquidated one way or the other.
Directly or indirectly.
Once the enterprise powered by taking more power than it supplies reaches it's maximum potential power acquisition...It stops growing and begins shrinking.
The production of fundable assets slows then stops and assets begin transforming into unfundable liabilities and are liquidated one way or the other.
The top uses the power the bottom supplies to the top to fund the continued existence of you all within the enterprise.
Inside of the enterprise you are all employees.
What you all do to obtain the power you all need to sustain your continued existence within the enterprise is your employment.
You could be a purse snatcher or a police officer.
Whatever you are...
The top is after the power...The top does not care how the bottom obtains the power that has to be supplied to the top...as long as it's not a threat to the continued existence of the top.
Don't like employment within the enterprise?...quit.
Run out into the wilderness and avoid the headhunters that will try to re employ you.
You could be re employed as a mental case in a straight jacket in a rubber room.
Crazy people in institutions supply employment to the mental health industry.
Civilization as you call it is an absolute capitalistic hierarchical food powered make work enterprise.
You are all kept busy supplying power to the top...Until maximum potential is reached...then you all are liquidated one way or the other.
Simplicity adds up to the multiplication of complexity which is then divided unequally and subtracted to obtain the required yield of power the absolute capitalists want to manipulate the Universe how they desire.
You all are just a bunch of brainwashed useful idiots.
Until your usefulness ends...
Then...
Thanks for showing up to planet Earth.
Basically all that you all think you know are just lies that you were compelled to believe were Truth by all those around you the moment you began existing.
Most of you are so far gone...your belief so deep...that you will never wake up.
You all will just spend your existence dreaming you are awake and fighting to stay asleep.
Too bad so sad.
It's a game...I'm not playing a game with you all.
But you think I am...and you are trying to win it.
The game was over before it began.
You lost it before you were born.
But because you still exist...you will continue trying to win until you get tired.
Since I'm not playing...I will never grow tired of not playing...
It's inevitable you all will grow tired of playing the game you are trying to manipulate me into playing.
the bottom supplies the top with the funds and the top funds the bottom.
That's the arrangement...and when the bottom can't or refuses to supply the top with the funds.
The top can't fund the bottom any longer.
The employers are forced to lay off...fire.
liquidate...the employees of the enterprise that are no longer needed.
one way or the other.
and due to the way the enterprise is constructed.
it does not matter how obedient you all are.
if the worshipers can only supply enough tribute to the top to sustain half the number of mindless idiotic worshipers.
Then the supply of worshipers has to shrink.
The top has known all along that it's impossible to supply the bottom with what they want forever.
The top have known all along that the implosion was inevitable.
All you see happening is not surprising to the top.
The top does all the buying and selling.
The bottom can only speculate as to when the top is going to decide.
The global trade system of the past 65 years is finished.
It's time for the next scheme.
Billions of you are going to suffer demolishing it and constructing the next one.
there is not going to be a change to the structure of what you all call civilization.
all that the top has planned is reducing you all down to less than 1 Billion and controlling the growth rates...At 1% it would take over 70 years to double.
The past 65 years could be stretched out into centuries.
The top maintains their position by giving the bottom what they want.
See...Once all you spoiled brats various other social engineering schemes that have reached their logical conclusion are flushed...the new generations of worshipers will be manipulated into accepting less....You all are socially engineered to demand more and more and more.
You all have supplied the top with all sorts of new technology the past 65 years that basically eliminates the need for the massive division of labor.
All the top is currently trying to do is slow the liquidation process down so you will not try to resist your fate too vigorously.
It's you who think Truth is doom.
Nature is an effect.
Truth is the source of power that nature depends upon...
Truth is cause...Nature is an effect.
Nature is not female...That is a human invention.
The word Truth is a Human invention as well.
What powers the continued existence of all and everything is not a Human invention.
I don't care whether you or anyone thinks my communications are meaningless...It's irrelevant
I know they are....I was aware of what you were going to post before you posted.
Thanks for the reminder anyways.
Are emotions your slave or master?
I'm not here to give you what you want.
The only way you will ever obtain what you want from me is if what you need and what you want are the same.
All I can do is supply you with what you need.
All any of you are capable os supplying to me is what I need.
If you all decide to give me nothing...then that's all I need.
There is no way you all can refuse to give me what I need.
that's the difference between want and need.
Now If I was an autonomous absolute capitalist drone like you all and a slave to my emotions...I would want from you all.
Then you could choose to refuse...and I would be forced to play the game you all are playing in order to obtain what you and I want.
I refuse to play the game...
The only way you will ever obtain what you want from me is if what you need and what you want are the same.
Otherwise you all will only receive what you need.
It's impossible to not get what you need.
What you need is not for you to decide unfortunately.
Truth is not decided on a battlefield or by majority vote.
Human beings have no power to make or break LAW
All that Human beings have the power to do is make and break rules and call the rules LAW
But if the rule attempts to break LAW...LAW will break the rule.
Human beings have no power to create or destroy Truth
All that Human beings have the power to do is create and destroy lies and call the lies Truth
But if the lie attempts to destroy Truth...Truth will destroy the lie.
LAW is a word invented by Human beings.
What powers the continued existence of all and everything is not a Human invention.
As I expected. Your faith in your own mind will be your undoing. Your belief in facts, figures, and history lessons, are foolish. They are all just puffs of smoke, dispersed by the wind, once exhausted. I doubt you have ever seen Truth, and it is hiding in plain view. Your mind is incapable of knowing Truth, because the mind is too busy, and perverted by a lifetime of wrong thinking.
But the world of Man is an entirely different kettle of fish. I know of the Top, and its lust for power. It has been this way since the dawn of Man. So what? On a long enough timeline, we're all dead anyway.
There is only one question in need of answering; What remains after the personality has fallen away? Find that, and your suffering will end.
Hypertiger - Is it the Truth that you are still stacking silver? I need to know if JP Morgan will be trounced. I want to know if you helped.
http://crashjpmorgan.files.wordpress.com/2010/11/banner_crashjpmorgan_eclipse_600x146.png
http://www.marketoracle.co.uk/Article24334.html
"All the top is currently trying to do is slow the liquidation process down so you will not try to resist your fate too vigorously."
Please expand on that notion. The idea that the bottom has a credible resistance that must be managed rather calls into question the absolute nature of the food powered whatever.
"the bottom supplies the top with the funds and the top funds the bottom."
I'm sure you opined in previous posts that the top supplied the bottom with funds and the bottom funds the top.
In fact, does it matter which way round you say it?
Hmm, maybe the argument is circular.
Now fiat money is trendig to zero yield which is what one expects for an asset which is just a number in a machine conjoured out of thin air, how shall the top find funds of a limited amount to pass to the bottom?
Because unless the fund is limitedin size there is no profit to be had in lending it to the bottom....
"Please expand on that notion. The idea that the bottom has a credible "resistance that must be managed rather calls into question the absolute nature of the food powered whatever."
Well when the bottom reaches the point where they can no longer supply power to the top....
Whether it is because they can't or refuse to.
...resist.
game over.
But are you going to be the leader of the resistance that causes millions of children to begin dying?
How long do you think you can sustain that resistance?
Who is going to capitulate first.
You or the millions of followers supplying the power to the resistance?
Or you will manipulate millions of parents into thinking that their children have to be sacrificed to win the war and they agree.
Poor children...Rich children will be OK though.
Burn the poor children at the bottom of the enterprise and use the energy from that to supply the power the rich children at the top of the enterprise require to continue to operate the enterprise.
Regardless maximum potential is reached...You fear reality and love fantasy...or lies.
Supply me with enough power to sustain my existence for 3 days and I will gladly supply you with enough power to sustain your existence for 1.
The top have been able to outlast the resistance for 1000's
The primary purpose of the absolute capitalistic hierarchical food powered make work enterprise is to fight GOD.
Truth is GOD and GOD is Truth.
There is never a lasting victory over lies while the war against Truth has no exit strategy and always ends in defeat.
Absolute capitalists continually attempt to gain absolute power over all and everything.
While they exist...That is all they appear do.
It causes absolute capitalists to war against Truth...
Since to gain absolute power over all and everything...You need ever greater amounts of power.
Truth is the source of all power all and everything capitalizes on to sustain the continued existence of all and everything.
Eventually the war or more specifically...war machine constructed to fight GOD requires infinite and indestructible power to sustain the war against Truth.
The lie which is civilization as you all know it...Is finite and fragile.
That is maximum potential.
the point at which the trees being cut down faster than they regrow to power the war against Truth run out.
You can chop down trees faster than they regrow to power the mass cherished delusion that there is no end to the power derived in such a way.
But there is.
Lies require power to sustain their existence...
Truth is the source.
Eliminate all the lies and all that is left is that which is infinite and indestructible.
Truth.
Well this thing called civilization can't defeat Truth.
Because truth is infinite and indestructible.
The only way the enterprise could defeat Truth is if it acquired greater than infinite power.
No such power exists.
Nothing comes close but something is always greater and that is what infinity is...
Something.
It is something that supplies nothing with power to cause it to become something.
Nothing depends upon something for what you all perceive as existence within the Universe.
Lies depend upon Truth but Truth does not depend upon lies.
Anyways...Once it becomes impossible to chop down trees faster than they regrow.
Or impossible for the top to acquire greater than infinite and indestructible power and defeat GOD and obtain absolute power over all and everything...
The bottom is forced by GOD to resist supplying the top with the power the top requires to sustain the fight against Truth.
You all of course are fighting and dying to sustain the war.
You all can't supply enough power to win it...you all never have and never will.
The reward for decades or centuries of warfare is defeat of the war machine the absolute capitalists employ the bottom to construct and maintain.
Massive suffering...Austerity is another word mentioned which then leads to pictures of drones at the bottom rioting.
There is never a lasting victory over lies while the war against Truth has no exit strategy and always ends in defeat.
the top has continually been able to outlast the resistance.
The bottom get the blame...you all have a choice.
The top use the power the bottom supply them with to manipulate the bottom into suffering the consequences of their choices.
You all fail to resist...instead of choosing to reject the program...you all at some point accept it.
The vast majority of you are blissfully unaware accomplices of the crimes you all have been crying about for 1000's of years.
Winners look down upon the losers.
Germany lost but that was just an effect of the cause.
The whole global trade system went bankrupt in the 1930's but the owners didn't change.
The owners were the ones that put their enterprise into bankruptcy reorganization to recover from the previous attempt to defeat GOD that did not work out.
The top had a plan to deal with and capitalize on the consequences before they showed up last time and a plan to get there.
The top is well aware...since to maintain their position they have to give the bottom what they want.
It's the only way to avoid resistance for as long as possible.
But eventually the top has to supply trees to sustain the lie that the bottom can no longer because the trees have all run out.
The lie the top told the bottom to sustain their obediance to the top self destructs...that is revelation...
The bottom is forced to accept what they are currently fighting to reject.
At that point the abilities for you all to sustain smiles on your faces will cease to exist.
As for food powered...Stop eating and see how long you can survive without food.
Or figure out what you need and eliminate what you want and see if you enjoy existence less or more.
Eliminate food and money rapidly loses value.
Food you like is obviously more valuable than food you don't.
The favorite food of an absolute capitalist is power.
It's why you all are attempting to obtain absolute power over all and everything.
Whether you are aware or not is irrelevant.
It's up to the individual to decide what is the source of their power.
I'll bring food...you bring money.
and we'll see who outlasts the resistance.
Who has more power to sustain their continued existence and who does not.
Once I have all the money...
I give to you for doing a few things I need you to get done...
Like get some more food...to replace all the food I gave to you in exchange for money.
Sucked back from you to me...I will then lend it out to you and then you will rent the power you supply to me that I supply to you.
Money is a tool the top invented to make the power extraction from the bottom to the top easier.
Simplicity adds up to the multiplication of complexity which is then divided unequally and subtracted to obtain the required yield of power the absolute capitalists want to manipulate the Universe how they desire.
Well that's basically absolute capitalism.
Responsible capitalism is not as depressing but requires far more effort and acceptance of more off what is called risk or uncertainty.
and can not be chosen until the consequences of the choice to employ absolute capitalism reach maximum potential.
bacteria basically are at war against GOD is well.
All lower forms of life basically are at war with Truth.
But with human beings...you all have to choose to be lower forms of life.
While the choice is easy...it's not like bacteria...by default.
You all have to choose to do what you are doing.
The manipulations you blame on others are only effective if you choose to allow the manipulations.
Just because you feel good does not mean you are.
Regardless of how many choose to power the lie or mass cherished delusion.
look at the price of silver in 1998...that's where I loaded up and was telling others to because the 1971 New economy lie to sustain the 1945 global trade system or Nasdaq along with the rest of the indexes were going to collapse after Y2K
Because Y2K was the year 2000...and I tried back then to assure people that...the year 2000 was going to come and pass.
and the world trade system would collapse.
Most just attacked me for the next two years and told me what a complete and utter Luddite moron I was.
To them only nut cases would do or believe such a thing.
Eventually my family turned on me...and I was at the complete the mercy of their tormentations at they attempted to get me to change my tune and follow the program.
My resistance to the devout believers of the lie I was expected to embrace eventually lead to a jail cell.
I then had to utilize what I knew about power to manipulate all around me into letting me escape that without a conviction...
Innocent until proven guilty.
Then what are innocent people doing in a cage?
There are easier victims to feast on.
So no I stopped stacking silver a while back since I have enough.
I'm not attempting to obtain absolute power.
Just what I need.
The top has more than enough supportable demand that they can easily suck up all the silver in existence supplying the bottom with what the bottom wants....it's not silver...sure it's one thing they want...but there are other things more valuable the top has control over.
You all want to see JP Morgan implode?...the top will be forced to at some point to give the bottom that.
When the bottom wants it all back...the top will employ the survivors to construct the next thing they will want to see blow up.
It's been like this for 1000's of years.
“peak gold and silver was reached decades ago...there's not enough supply to meet demand...so it was fractionally reserved...derivativtized for every ounce of real gold there's 25 to 30 ounces of paper gold.
The money supply could contract by 50% and there would still be more than enough money in existence to blow gold and silver up to infinity and beyond prices.
The top has more than enough supportable demand that they can easily suck up all the silver in existence supplying the bottom with what the bottom wants....it's not silver...sure it's one thing they want...but there are other things more valuable the top has control over. “
-----------------------------
You seem to think that silver has an infinite value compared to bread. This is foolishness.
When Zimbabwe hyperinflated gold fell in price at least 4 times relative to bread.
A gram of gold will never ever be worth a Mercedes.
The price of gold is set in relation to bread and people need to eat more than they need fiat metal.
So no, there is not enough supportable demand that they can easily suck up all the silver – before a year had passed they'd have to be sucking up bread and there is no power in bread because it is too base to human needs.
Power comes from imaginary needs like gold or GOD.
There is plenty of power to be had for the taking in the imaginary world conjured by the internet and other media. As for money, there is none any more so money given to the bottom is no longer an option for the vector of power.
What then can the top give to the bottom so the bottom can fund the top.
What?
HT,
You talk about how the top always rides the bottom like a surfboard.
Isn't it true that the top needs to expend resources and effort to control the bottom. Just like the kings of old and the kings of today (take Thailand for example), the king needs to provide council and support for the subjects and then can cream off the resources and power. If there is no apparatus to regulate and control it becomes unglued.
In the west you need a perception of a check and balance in the government. In the US it is following the constitution.
My point is the top needs to work as well to keep things under control to reap the benefits of the bottom.
I run a factory of 700 people, I can coast on auto-pilot for a very short time, then I need to keep focusing on driving and managing the people.
It's not automatic and it never has been.
-Mike
Again you are a self employed employee of the global hierarchy operating a power amassing sub hierarchy within the global hierarchy.
Within the context of what you control...you are the top...but within the global hierarchy...you are just another employee.
The absolute capitalistic hierarchical food powered make work enterprise.
make work.
The vast majority of employment in the modern technological version of the enterprise is make work.
The top funds the continued existence of all the employees.
But in order to receive funding the employees have to be fundable assets.
There is no one above the top funding the top.
Well GOD is above the top but the top has positioned themselves between Truth and the bottom and you are all employed by the top to power the lies the top has told you about Truth.
It's all the employees below that supply the top who then supply the bottom.
When an employee or fundable asset begins to supply less power that they recieve...
they transform into an unfundable liability and will have to be liquidated one way or the other.
You are just a self employed employee of the top.
you are basically just a slave whipper.
Like you became tired of being a slave or decided that doing the whipping was better than being whipped.
Yes it does take some effort to do the whipping the top will require you to do...or the sub hierarchy you are operating will produce less power than it receives and will need to be liquidated...one way or the other.
The top employs all below.
The Governments of the world are administration systems the top created to administrate the economic zones you call countries or nations.
Presidents, Kings, Queens, Prime ministers...All just employees.
"The subjects of every state ought to contribute towards the support of the government, 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"
Tell me why I should treat you any different than any other drone within the hierarchy...
Of course according to the rules of the game you are all playing.
But I'm not playing the game the top taught you all how to play.
I'm not following the program the top created and which you all accepted and are blissfully following.
I rejected the programing.
they will invent a cure or productivity pill.
imagine a breakthrough in energy generation/conversion.
with computers and other high-tech (which were not available in human history before 20 years), the rate of innovation/productivity-growth has increased tremendously.
they just have to keep it together for just a while(~10 years), the system will adapt.
Entire pyramid/ponzi scheme, both the top and the bottom, will adapt.
HT, can you tell in plain words what do u expect in next few years 5yr? 10yr? in terms of unemployment rate? or the relative ratios (can i buy mcdonalds lunch for 5 bucks ? or a house for 3x income etc)
thats all that matters.
GOD is not imaginary...
What the top has taught the bottom about Truth is.
GOD is Truth and Truth is GOD.
The top know this.
Money does not sustain you all...food does.
The top or hunter gathers of power dominated and manipulated the food producers or farmers of power into producing 1000's of times more food than was needed to acquire the power needed to sustain all the lies and delusions the power seekers or absolute capitalists desired to power the continued existence of.
Without enough power to power and maintain the existence of money or anything you all think has value or is real but is not.
It ceases to continue existing.
Civilization as you all know it is a lie...
Imaginary....a mass delusion you all cherish.
A lie you tell to yourself is a delusion.
Eventually you fall in love with or cherish it.
You all will fight to the death to defend that which you cherish when it is threatened.
Truth destroys lies and shatters delusions.
Truth is infinite and indestructible.
You all are employed...suppling more and more power to the lie that is fighting Truth.
Fighting GOD.
There is never a lasting victory over lies while the war against Truth has no exit strategy and always ends in defeat.
But the just think positive religion you all are devout worshipers of claims that if at first you don't succeed...try try again.
Unfortunately...
Not only have you never defeated Truth in the 6000+ years of recorded history of what you all call civilization...You all can't and never will.
The skeletal remains of all the previous attempts litter the surface of the planet.
If the top chose to allow the bottom to know Truth.
You all would refuse to continue operating as you all do.
That is why you all are programed by the top to embrace lies and reject Truth.
The first lie a liar wants those being lied to need to accept...is the lie that it's impossible to know Truth.
Then the lies that follow are easier to accept.
At the core of the drone reasoning algorithm is the accept lies reject truth equation.
The just think positive ignore the negative religion.
Truth = negative.
Lies = positive.
It's why you all have fallen for the Ben and the magic printing press lie.
Ben and the magic printing press lie is an effect...Not the cause.
But when you reach the point where you require infinite and indestructible power to sustain the continued existence of the lie...
You need Truth...since that is the only source of infinite and indestructible power.
When the lie masqurading as Truth requires Truth to sustain it's continued existence...that is revelation.
The lie or delusion then self destructs, is destroyed, shatters, due to loss of power.
The so called forces of evil are not trying to take over the world.
They did centuries ago...
The top maintains their position by giving the bottom what the bottom wants.
I don't give you what you all want.
I just give you what you need.
The only way you will get what you want from me is when what you want and need are the same.
All the innovations can only postpone the reaching of the logical conclusion of the choice to take more than is given.
There is no way to avoid the implosion.
It requires that a greater than infinite source of power is found to defeat the infinite power that continues to prevent all your lies and delusions from defeating Truth.
Since Truth is the source of power that lies and delusions depend upon to power their continued existence there is no way to defeat GOD.
The longer the reaching of the logical conclusion is postponed...the greater the magnitude of effects.
The longer you sustain the war to defeat Truth...the greater the defeat.
It's been the roaring 6 decades.
It's game over.
The next 100 or so years will be spent contracting...or inflating less than previous inflation to maximum potential.
There will be a climax at some distant point that will be a horror show....the final capitulation...the bitter defeat.
The top will then employ the survivors to construct the next global hierarchy.
If belief in a miracle allows you to ignore reality...fine.
I provide information...you can choose to accept it or reject it.
But attempting to cause me to accept and embrace the lies you come here to promote.
Is never going to happen...sorry...
You all are not here seeking Truth.
You all are here seeking support for or to promote your cherished delusions.
Ants take more than they give and the queen ant is very selfish indeed but when will the ants implode?
Really, this stuff about all biology being a ponzi scheme is rather silly.
Biological systems can exist quite happily in a steady state in which they just respirate.
As for GOD an truth, what is this truth? Is it the 3rd law of thermodynamics?
Come on, its about time you gave some actual proper definition to this inescapable truth.
found some where in the void:
"There is Dumb. Then there is Stupid. After that there is Dumb and Stupid. Following all of them, there is Dumb, Stupid, Moronic, Idiotic and BRAINLESS BEYOND BELIEF! We passed that one quite some time back here.
Imagine for a moment you are seriously overdrawn on your Visa Card. You are unemployed, you can’t pay your Mortgage and you are hunkered down waiting for the Sherriff to knock on your door with a Foreclosure Notice.
Its Sunday Night. The Dreaded KNOCK ON THE DOOR comes! You answer it.
Its NOT the Sherriff come to Evict You! At your door are a dozen Banksters from your local Wells Fargo Branch, and they DEMAND you ask them for ANOTHER Loan! They won’t take No for an answer! Borrow money from us OR ELSE! LOL.
This my friends is precisely what is going on in Ireland, to be followed quite soon by Portugal, Italy, Spain… The Irish know they are tapped out, and the Banksters at the door know it too, and in any SANE society, in any SANE economic system of Banking, if the Borrower and Lender BOTH know there is absolutely no hope of paying off a loan, the Bankster won’t offer it, and the lender wouldn’t take it if he did. Not in this society though. The Banksters are going to stick a Gun to the head of the Irish and FORCE them to take another loan, so the Default can be kicked down the road for another day. Take this money OR ELSE! LOL.
The amazing thing is, at least so far, no matter how indebted anybody is here (long as they are at the TBTF Critical Mass), the Banksters can ALWAYS come up with more money to lend them! That is AMAZING! Where do they GET all that money to loan out anyhow? Of course we know the answer to that, they don’t have it, they conjure it up out of thin air, it doesn’t exist really until the INSTANT the Irish Prime Minister puts his John Hancock on the new loan.
Now, besides the fact these Banksters show up at your doorstep on Sunday Morning forcing you to take a loan, they ALSO are gonna tell you EXACTLY how you will spend the money they are giving you. The FIRST thing you will do with it is pay the Interest on your Old Loans due to the Bondholders. If you have anything left after that, then you can have a Fire Department or Schools. This would be just like your local Banksters telling you, here, we will loan you some more money, but you can’t use it to feed your kids, you first have to pay your Interest due on the old loans. WTF should I borrow it then? My kids are STILL starving!
The Banksters are DESPERATE. The moment they can no longer stop pushing out Loans of Money they DO NOT HAVE is the moment the whole ball of wax COLLAPSES. It’s the Naked Emperor moment.
When the FUCK is some little kid going to walk into the room, POINT at the Banksters and say “You are NAKED! You have NO MONEY!”
The answer is obvious to this problem. At all levels, from J6P up to the Prime Minister, everybody just has to REFUSE TO SIGN a new indenture contract! Stop taking the damn Loans! The moment this happens, the Illuminati are FINISHED. Its all Smoke and Mirrors. You are not owned by Satan until YOU sign the Contract. DON’T SIGN! That is ALL there is to it. Its right there in the Bible. “Never a Borrower or a Lender Be.” Follow that principle, and Evil will wither from the world forever more. That is ALL it would take. Really."
http://www.youtube.com/watch?v=8pgdxvXX24I&NR=1
Hyper,
I never said I was outside the hierarchy. I fully realize I'm within it. I don't own the business, am just the hired manager. I answer to a board of directors that is run by Private Equity (JP Morgan, etc) who whip me regularly. We just sold out to a larger company who is owned by another Private Equity group (KKR)so I am well within the hierarchy.
I fully agree that most of what we do is make work projects- we are manufacturing computer hardware by millions of units each month, it strikes me a kind of pointless.
Definitely the entire structure is powered by food. Money is just a proxy.
You are right- as long as the productivity of my employees is less than the profit we produce we get to stay alive- once our work output drops and our profit goes negative we get liquidated- that is the general principle and one that I measure my job by as well.
Every head of a country or business or anyone in a leadership position needs to manage (or whip) those below them. There is also the nature of the money supply which is geared towards everlasting growth. This is simply because with an existing money system there is more money being created each year just by the virtue of interest alone. Inherent interest is different than systems in nature because there is no natural force regulating that the growth stops.
As the Germans say, trees don't grow into the sky forever.
The same is true with human population growth or money growth.
That is part of the problem we are in today.
The nature of the monetary system is flawed.
There is nobody centrally at the top besides the bankers but this is distributed power.
Heads of nations have power to but they are owned to some extent by the bankers.
The bankers have relative power but not absolute power. The bankers aren't growing food and are dependent on the bottom for support.
-Mike
I am a bit like you, actually Hyper. I want to do the least amount of effort and get the maximum reward. That's why I rose up to be CEO of a small company at a relatively young age- early 30's.
I make good money but live a simple life and save up a lot.
I already have nearly enough to cover my expenses for 50 years, but am a little concerned about inflation or problems with purchasing power.
50 years is a long time to plan so any minor variation in assumptions can make a big result change over time.
I stand by my point, nobody in this world gets a free ride absolutely.
Top and bottom do exist but in relative terms. All people you think are the top have to answer to someone else.
You can say there are employees but name one person who is not or was not ever an employee, a slave, to the top.
I challenge you to name one person.
All who are born onto this earth are destined to die. The nature of life is a struggle against death, although we all know death will come for us given enough time.
With the resource of life that we have it is important to recognize the value we have of being a social animal.
Social order is part of the nature of our existence. Social order means there is a hierarchy. A hierarchy is a way we can use our human talents together to do much more than we could individually.
Capitalism and the invisible hand is just one way to structure a society. So is communism, a monarchy, a dictatorship, etc.
Whether you are at the top of the bottom you still need to live your life. You still need to work, to deal with the distractions and daily problems that come about not by your job, but because you are alive.
Even stranded on a desert island with plenty of fish and coconuts and even fresh water you will have problems. Problems spring up out of nowhere, they are part of the burden of being alive as a human.
Who cares about the top or the bottom. We can all have the chance to experience whatever we would like in this world.
You want to be a serial killer? A suicide bomber? A soldier? An employee? A boss? A victim? A rapist? A hunter? The hunted? All are available to you in this world and sometimes more than one at a time. Of course there are consequences to all actions whether by natural or human law...
Do whatever you wish is the point.
Be the top or the bottom or both.
But you cannot escape being human and dealing with problems or suffering or dying.
That is the point. And that is the truth Hyper Tiger. Nothing matters. Not this blog or my comment. We are all just making work and entertainment for ourselves by being alive in this world.
I rejected the programming as well.
You want to be a serial killer? A suicide bomber? A soldier? An employee? A boss? A victim? A rapist? A hunter? The hunted? All are available to you in this world and sometimes more than one at a time. Of course there are consequences to all actions whether by natural or human law...
Do whatever you wish is the point.
Be the top or the bottom or both.
But you cannot escape being human and dealing with problems or suffering or dying.
That is the point. And that is the truth Hyper Tiger. Nothing matters. Not this blog or my comment. We are all just making work and entertainment for ourselves by being alive in this world.
I rejected the programming as well.
-Mike
Basically HT you're saying that you choose not to take more than you give. Well I'd like to think the same thing about myself because it makes me feel good but I've given up my very own cherished delusions years ago. It's an eternal struggle.
Have you truly done that?
You're going to tell me you don't utilize slave labor to a certain extent? What do the tags say on the clothing you wear? How about the components which were manufactured for your internet access device? I could go on and on and eventually catch you in a lie to prove a point if you say no. But to whose benefit? Surely not mine.
You say you reject the system. Yet you are utilizing it to achieve a purpose. A crusade.
I respect the sum of knowledge you have gained. I've been searching for truth for many years now and this is almost as close as I've come to undressing it.
I come here to read truth, I seek truth; enough to support myself and provide for others.
I've read many of your posts now. Over time there seems to be a bitterness developing, a close-mindedness developing to all outsiders. I understand this is a bitter fight. I have my own struggles with family and friends, this is not an easy journey. Knowledge and sorrow make great companions while ignorance truly is bliss (blessed?).
So my question is; do you offer the whole truth, or are you just another false prophet?
None of us knows the whole truth. This is why we argue about who's truth is more important, or who's truth is actually not true. It is either a lack of respect or a lack of awareness. Now you have something new to argue about. lol...
"The thing you all call civilization...the absolute capitalistic hierarchical food powered make work enterprise is just a power amassing scheme invented 1000's of years ago".
Agreed.
If we lived upon the land as individuals, passing time growing our own food and fetching our own drinking water, resting in the afternoon, sleeping at night, there could not be a top.
We have been hypnotised to believe that there is more to life than a simple life upon the land. Even if you choose an Amish lifestyle you will fall at the mercy of the others that have chosen to live the lie, which is now becomingthe lie apparent.. :)
I see the lie and I am in truth, momentarily it reverts to the a lie, I need all others see the lie too with me, for my truth to be the truth.
When all in truth, neither the top or bottom are.
The tulip is nothing other than a tulip, a bird is a bird and the butterfly a butterfly........ but why so with the human being..why has he swallowed the lie and become a human doing...
All my brothers and sisters are me, but they are not until they too can see. Therein exists the reality, in plain view but hard to see.
For them to see is not upto me, because for them who look the truth becomes apparent instantaneously.
Our chains are forged from links of money.
Food and resources exist quite free until man values them by using money.
Serve each other and give up money, your only reward will be the service that you too receive..
Sharing as equally as possible is the solution to the problems or effects of taking more than is given.
Taking more than is given is the same as chopping down trees faster than they regrow.
plunder.
"When plunder becomes a way of life for a group of men living together in society, they create for themselves in the course of time a legal system that authorizes it and a moral code that glorifies it" --Frederic Bastiat
Reducing ourselves to a non technological state of subsistence peasantry is not going to solve the the problems or effects of absolute capitalism.
The problem is how power is distributed...It's an accounting problem.
There is not enough power for everyone to have as much as they want.
There is enough power to supply all that need it.
Unless those that want more than they need don't share.
They need more and more power so they can power the existence of soldiers to deal with the consequences of the choice to take more than is given.
The more the top takes to power the avoidance of responsibility for the choice to take more and more...the greater the amount of power is required.
The only solution is to share responsibility.
You all don't want to do what you need to do.
You all will malinvest massive amounts of power into avoidance of doing what needs to be done.
You all will do what you want until the supply of power is utilized to it's maximum potential.
You will continue chopping down trees faster than they regrow to power the continued fulfilment of your wants...all the lies...hopes...and dreams...delusions.
Until the trees run out...then you all will be forced to accept what you don't want.
What you need.
Truth.
which is watching the massive population that was sustained collapse while waiting around for the trees to regrow back to what they were in the start so you all can do it all over again.
If you could see what you all don't want to see before you are forced to see it at the logical conclusion.
You would choose to avoid the consequences of the choice to take more than is given by choosing to not take more than is given.
Instead of the foolish game you all are playing with each other now.
you don't see because you all don't want to.
the just think positive ignore the negative religion...
The embrace lies and delusion reject Truth equation at teh core of your drone reasoning algorithm...
The program you chose to accept prevents you all from seeing reality until you all are forced.
Most of you are so dependent upon the lie that the effort it would take to break free is too great.
Some of you will never escape.
You will fight to the death defending your cherished delusions.
You all will spend your pathetic lives attempting to win a game that I'm not playing and never will.
There is no way win a game of chess against an opponent that refused to play.
Chess is a game where you put your kingdom at risk in order to conquer another kingdom.
By ultimately taking more from your opponent than you give back.
plundering.
But if you refuse to play the game...Your kingdom will never be conquered.
Your greatest opponent can be found by looking in a mirror.
You are they and they are you.
Who taught you all how to read...write...do math?
How to think?
The top.
"Reducing ourselves to a non technological state of subsistence peasantry is not going to solve the the problems or effects of absolute capitalism."
That is the most sensible thing you have said for a good while now.
I do find it fascinating that the 'back to the land' fantasy persists so strongly in the imagination - as if that were a solution.
My four legged friend is going on about the human condition and at the same time says it ain't going to go away.
No shit.
But then despite that, we've all been around for 50 thousand years.
Anyone for another 50 thousand?
Clarification:
Infinite contains all that is finite. Infinite has no opposites.
If Truth does not contain lies, Truth is not infinite.
If Truth has an opposite (lies), Truth is not infinite.
If however, Truth is infinite, then lies are not opposite to Truth but are merely misconceptions... errors... misses-of-the-mark.
When an archer misses the mark, he does not condemn or criticize. He corrects is aim.
Evolution is currently correcting its aim.
0.
"You all don't want to do what you need to do."
Plant trees?
Hyper,
I still challenge you to name one person who you consider to be part of top.
Not of some sub-hierarchy, but the top of the entire system.
You can't, can you?
That person doesn't exist.
-Mike
Rothschilds.
J. Livermore did not report to anybody. I think today W. Buffet and G. Soros do not report to anybody. are they the top? or self-employed guys? on the other end of the pyramid beggars and hippies do not report to anybody and in fact they also take more then they give :)
HT, do you think WikiLeaks is dangerous to the Top? or is it a Top's project?
Buffett has to answer to his shareholders.
He will need to answer to St. Peter before he goes to hell as well :-),
for selling his soul and personally enriching himself at the expense of the US taxpayer.
The Rothchilds are probably the best answer.
http://www.celebritynetworth.com/richest-businessmen/rothschilds-net-worth/
Good job Anon.
"Buffett has to answer to his shareholders." so the Top has to answer to the Bottom sometimes?
RE: wikileaks.
Thinking about that earlier today while driving.
These leaked documents are obviously aimed at undermining support for American troops.
There's obviously a high level of complexity to the organization who has the ability to bring this vast quantity of records together. The volume of information being concentrated into one obscure group of whistle blowers seems a little too much for me to believe...
And to say the one soldier released hundreds of thousands of records? How would he know where to go with this information, without being busted in the process?
In my opinion (FWIW) these are obviously allowed to happen, the question remains..why?
just read interesting discussion on one Russian site, that wikileaks could be just a set up job of some intelligence services. really, out of all 250.000 or smth docs they released which ones could you name as seriously secret? is it a secret that some politicians were given funny names? total BS... lot of noise, but no fire so far. of course it could change, but not just yet.
How about this one -
http://www.telegraph.co.uk/news/worldnews/middleeast/iran/8168672/WikiLeaks-Ayatollah-Khameni-has-terminal-cancer.html
HT, good to see a post from you again. This is brilliant stuff that few can comprehend. As you probably know, seeing as you quoted me a time or two, I have been working on these ideas for a good 15 years. Credit comes out of a black hole, then contracts back into it.
I have been asking for years, if everything is a bubble, why isn't gold a bubble? They were able to push a $5 trillion stock market to $15 trillion and everyone, save a few of us that had financial understanding were on board. Remember YHOO at $150? CSCO at over $80? DELL a must own? What I remember was the record low dividend yield on the SPX was around 3% and we were near 1% in August 2000. Every time the yield dropped to 3%, we had a pullback and eventually a long bear market It happened in 1929, 1966, 1972 and 1987.
Most gold is held in vaults or is on the fingers, wrists, necks and ears of people. People love trinkets, especially the person who finally got a pot to piss in and a window to throw it out, who wants to show the world he arrived. India comes to mind. India is inflating,but the money is coming from the US and Europe, which aren't inflating.
Like anything, what causes something to keep going up is it has been going up. Gold is now a $7 trillion bubble. It is called money by the bugs. It is money. So is dirt, if someone needs it. But, the banks need dollars, not gold to satisfy their own debts.
What is the game in China? Well, it appears to me they are building millions of homes meant for American middle class and all they have to buy them are peons. The dance has to go on, as people in the West are going to get rich off China. The typical China peasant is the bottom that the rest of the world is sucking dry and he isn't about to gain the capacity of an income 10 times his pay. How many empty apartments can they stand? Seems Ireland had to have an extra for every 14 people. At 65 million units, which is a figure I have seen, China has to be getting close. That is going to be one hell of a party to interrupt.
The examples I see on top are the price of food. A loaf of bread cost roughly $2.50 when Wheat was $4 a bushel or about 10 cents a loaf. So we have a dimes worth of wheat in a loaf of bread. It goes to 25 cents if wheat hits $10 a bushel. Of course, the corners are being financed by zero interest loans to and from bankers. Then there is oil. $85 a barrel. There is a surplus of oil, but Goldman has computers that drive the price higher and force the sellers out. They are trying to force higher prices and the bottom can't pay their rent.
They just looted Ireland. Of course, the bankers couldn't have been wrong, so it was the people of Ireland. Make too many loans and create a bubble and blame it on the person who didn't have the money?
The US home owner is out of equity. The $7 plus billion mentioned came largely out of the home ATM. It allowed the consumer to consolidate his credit cards and buy a new SUV.
Lastly, people forget there are 2 ledgers in banking. There is the debit side and the credit side. One is the liabilities of customers. The other is the liabilities and equity of the banks. The equity is near zero in most cases. Note the $100 billion to bail out a small country in Europe. The deposits belong to the depositors and the bankers need dollars or whatever to satisfy them. The problem is the dollars belong to a different group of people than those who are liable for the banks debits. These are the only units of exchange the debtors of the bank can satisfy the banks debts. The good liabilities on the debt side cannot fail to exceed the deposits or the game is up. Otherwise,the banker is out of business and the depositors own the bank and its assets. The bankers know this and are looting as fast as they can.
The best Bernanke can do is buy assets out of the system. Since the banks are going to be liable for whatever appears or whatever is already there, this does nothing. It merely changes who holds the collateral. If the bank is insolvent, it can't make a good loan.
The next shoe to drop is going to be a rough one. The market fiddles while the world monetary and governmental system burns. The facts presented here cannot be disputed. Asia blew a fuse in the 1990's when the US sneezed, then Robert Rubin came with a new plan, let the Wall Streeters screw the world out of what was left and there would be plenty of money.
mannfm11, that is some seriously confused stuff you posted.
Why O why are you taken in by these notions of bank capital, bankruptcy and so on? The notion of bank capital in a fiat system is a very iffy, because the equity in question was at some point printed by the presiding government, which means if needed more can be printed.
It continues to amaze me why people find this notion so difficult to accept - need more bank equity? Then print it. Or print some liquidity and hang on until some of it becomes bank equity.
Why mannfm11 are you inisting on deluding yourself on the nature of money in 2010?
Lastly, I can't let your comment about working for 15 years on the concept of bank credit being created from a black hole and then returning to it, pass without question.
I mean c'mon, this is basic stuff. Private sector financial assets and liabilities sum to zero, so all that is left sectorally is government debt, or money, regardless of its maturity.
And that latter will survive as money as long as they are successful in collecting taxes.
Anybody that takes multi-page comments to make their case does not know what the fuck they are talking about. And "morons"? Those are the persons that take multi-pages to "explain" their delusions. In the Flame Warrior roster, you are Ferrous Cranus (google it).
You 2 clearly don't have a clue. The bank has to have capital. The reserve nonsense is a fairytale told college students. If it worked the way you seem to think, they wouldn't be saddling the average Irish citizen with $25,000 in debt would they? The bank has to be able to pay. If the bank can't pay, the other banks can't collect.
As for my post, if you read it, you might have learned something. The crisis happened because Citicorp was broke and they owed the rest of the world banking system $400 billion. Read their Summer 2007 quarterly report. It is there in black and white. If this could have been solved with the Fed printing money, it wouldn't have happened in the first place. You might read Steve Keen at debtdeflation.com.
If you don't understand the bank balance sheet, you could keep your mouth shut before you insert your shoe. If there is no bank capital, then it means the credits exceed the debits and the system is insolvent. The bank can't deliver what is on the balance sheet. If the fed prints money, they either acquire the good assets on the bank ledger, replacing them with non-interest bearing bank funds or they buy newly issued Federal debt, which is then deposited in banks. The ledger is still increased an equal amount on both sides, thus the money still doesn't exist to pay the depositors. When that state exists, the bank is insolvent. A bank that lends without capital is committing fraud and engaging in an unconscionable transaction.
Hypertiger, as I said long ago on Mish’s board: you rock.
Since I came across your blog a couple of years ago, I knew you were “on the money”, so to speak. But I wonder whether you actually haven’t taken your prognostications far ENOUGH. You say:
“the vast majority of you do your accounting backwards...You all account for your selves first...The absolute capitalistic way. The responsible capitalist accounts for them self last.”
I posit that there is no such thing as responsible capitalism.
Capitalism is a physical and mathematical impossibility. Capitalism is the REAL-WORLD ANALOG of Fractional Reserve Banking and fiat money.
The surplus production which we call capital has to come from somewhere. It is put aside, or “invested” in order that more surplus production be put aside, and so forth and so on, in exponential fashion, just as occurs with any monetary system which previews the charging of positive interest.*
Just as fake money creates fake claims on fake future earnings, at which point we can collapse, rinse and repeat (in a system of expanding exploitable resources)… as we have in the past… the current state of near-universal global capitalism in what has come to be a “full world” keeps right on creating exponentially-increasing real material claims on future resource extraction. These claims will be unpayable just as surely as our US-dollar debt will be unpayable, the various mortgage-backed-securities will be unable to pay out, and so on around the globe.
LIminal Hack, you keep talking about return? Where is it going to come from? Every dime of profit is borrowed by someone. So, if the top takes more than they give, where does the bottom get it? They borrow it from the top.
There seems to be some delusion that if they just print some money, they will have some money. But, that is not the case. Why would people need money or want it if they had to give it out for nothing? HT describes the money supply as the accumulation of debt. I have some problems looking at it in this manner except to say that if debt declines, the supply of assets also decline. Also, aggregate demand declines or prices have to down. This is because the increase in debt was a sizable portion of aggregate demand and thus corporate profit.
What gives currency its value is it is based on debt. As I tried to point out, the secret in money is being able to read the bank ledger as liabilities and liabilities and not assets and assets. When the bank is liable to for more than the populace is liable to the bank, it has to cease lending.
You seem to be caught up in the game we just finished, instead of the new game. The bankers are speculating, but mostly they are continuing to loot the system. This is the purpose of the QE, to allow the bankers to withdraw what seems to be excess bank credit and make the system liable to them, as FDR made the people liable to the Fed instead of reverse by seizing the gold and replacing it with government debt.
The deposits in banks are nothing more than compound debt accumulated by the banks over decades. The liabilities to banks or their debits are nothing more than compound debts of prior customers, most recently ponzi financed. Do you owe more than you have bank balances in mortgages, credit cards, etc or does the system owe you cash? If you owe more, who is going to supply you with the funds to pay? Is it going to be someone who is foolish enough to trade places with you, thus giving up their bank balances?
The top 1% have something like 40% of the assets in the US. Who is going to fund them with a return on these assets without borrowing the money to do so? Debt, being eventually collectible, has reached a point of no return. So does the top now lend what can't be paid back?
Somehow, you get the idea that the rich really care what number is attached to their wealth. I bet it has never entered your mind that non-commodity money derives its value out of payment of debt and nothing else? I bet it has never entered your mind that you can't accumulate profits without the other side of the equation going further into debt. You have been reading too many books and not doing enough objective thinking to have a clue as to what HT or I am writing. In any case, if the banks don't need capital, why did they just make Ireland a bond servant? They could just print it otherwise.
LIminal Hack, you keep talking about return? Where is it going to come from? Every dime of profit is borrowed by someone. So, if the top takes more than they give, where does the bottom get it? They borrow it from the top.
There seems to be some delusion that if they just print some money, they will have some money. But, that is not the case. Why would people need money or want it if they had to give it out for nothing? HT describes the money supply as the accumulation of debt. I have some problems looking at it in this manner except to say that if debt declines, the supply of assets also decline. Also, aggregate demand declines or prices have to down. This is because the increase in debt was a sizable portion of aggregate demand and thus corporate profit.
What gives currency its value is it is based on debt. As I tried to point out, the secret in money is being able to read the bank ledger as liabilities and liabilities and not assets and assets. When the bank is liable to for more than the populace is liable to the bank, it has to cease lending.
You seem to be caught up in the game we just finished, instead of the new game. The bankers are speculating, but mostly they are continuing to loot the system. This is the purpose of the QE, to allow the bankers to withdraw what seems to be excess bank credit and make the system liable to them, as FDR made the people liable to the Fed instead of reverse by seizing the gold and replacing it with government debt.
The deposits in banks are nothing more than compound debt accumulated by the banks over decades. The liabilities to banks or their debits are nothing more than compound debts of prior customers, most recently ponzi financed. Do you owe more than you have bank balances in mortgages, credit cards, etc or does the system owe you cash? If you owe more, who is going to supply you with the funds to pay? Is it going to be someone who is foolish enough to trade places with you, thus giving up their bank balances?
The top 1% have something like 40% of the assets in the US. Who is going to fund them with a return on these assets without borrowing the money to do so? Debt, being eventually collectible, has reached a point of no return. So does the top now lend what can't be paid back?
Somehow, you get the idea that the rich really care what number is attached to their wealth. I bet it has never entered your mind that non-commodity money derives its value out of payment of debt and nothing else? I bet it has never entered your mind that you can't accumulate profits without the other side of the equation going further into debt. You have been reading too many books and not doing enough objective thinking to have a clue as to what HT or I am writing. In any case, if the banks don't need capital, why did they just make Ireland a bond servant? They could just print it otherwise.
Liminal Hack, Seems you are the one that doesn't understand money in 2010. You don't understand money because you know too much. IF you think banks don't need capital, why did they just make Ireland a bond servant?
After those comments I suggest you go somewhere some simpletons post. The capital of banks can only come out of the accounts of banks. It can't be printed without an equal amount of debt. Being the only way the money can be paid back is out of the money created, the system is still insolvent. So, the solution can only be theft by conversion.
Seems you would like to lend some money at zero. I can give you my address. It is no wonder HT uses the term moron.
I mean c'mon, this is basic stuff. Private sector financial assets and liabilities sum to zero, so all that is left sectorally is government debt, or money, regardless of its maturity.
Whose liabilities?
Hypertiger, as I said long ago on Mish’s board: you rock.
Since I came across your blog a couple of years ago, I knew you were “on the money”, so to speak. But I wonder whether you actually haven’t taken your prognostications far ENOUGH. You say:
“the vast majority of you do your accounting backwards...You all account for your selves first...The absolute capitalistic way. The responsible capitalist accounts for them self last.”
I posit that there is no such thing as responsible capitalism.
Capitalism is a physical and mathematical impossibility. Capitalism is the REAL-WORLD ANALOG of Fractional Reserve Banking and fiat money.
The surplus production which we call capital has to come from somewhere. It is put aside, or “invested” in order that more surplus production be put aside, and so forth and so on, in exponential fashion, just as occurs with any monetary system which previews the charging of positive interest.*
Just as fake money creates fake claims on fake future earnings, at which point we can collapse, rinse and repeat (in a system of expanding exploitable resources)… as we have in the past… the current state of near-universal global capitalism in what has come to be a “full world” keeps right on creating exponentially-increasing real material claims on future resource extraction. These claims will be unpayable just as surely as our US-dollar debt will be unpayable, the various mortgage-backed-securities will be unable to pay out, and so on around the globe.
The earth is a closed system (well, the earth and the sun together are, for our intents and purposes). The only wealth we can have collectively comes from the earth and the sun.
In a monetary system, even one with zero interest, an individual’s per capita share of this wealth can only decrease as population grows, as it has recently tended to do, exponentially.
Previously, the planetary population was limited to roughly a billion people, which is apparently what was sustainable given the solar energy input which people used for the most part of human history.
Since we are expanding thanks to the most recent century or two of exploitation of past solar energy (in the form of fossil fuels) and future mineral energy (in the form of uranium, the supplies of which are dwindling) we have had ourselves one hell of a party in this petri dish of ours, fueled only by squandering the savings of the past as well as squandering the stores of the future (via pollution and fisheries/ecosystem collapses).
Hypertiger “There is only one global trade system and it took 65 years to built it up into what is all starting to come crashing down.”
I would argue that this is a process which is started back in the 1600s, with the first corporations formed explicitly with investors expecting to profit in nominal terms with respect to the local system thanks purely to inputs from outside that system (foreign slaves, foreign spices, foreign gold, etc.), without overtly acknowledging such. This sleight-of-hand => passing off outside inputs as having been magically generated from inside the system, magically generated thanks to capitalism—is the key to the nightmare of cognitive dissonance we are living today. Contrary to almost-universal belief, capitalism never creates wealth; it only changes the location of wealth in space and time, as far as I can tell.
Now the interesting thing about our collective over-consumption of resources is not that it happened (nor that it has already begunto wind down in the aggregate, which is what we are seeing in this global recession/depression). The interesting thing is that capitalism has been (this is my impression) its own midwife in giving birth to a system that is hell-bent on a suicidal consuming of itself.
Hypertiger gets most of this right (I think), especially the role of China as the last (non-capitalistic turned capitalistic) zone of expansion which has most recently absorbed the growth impelled by our poor choice of monetary and ideological systems… but I don’t think Hypertiger emphasizes enough that the “bottom who support the top” are themselves supported by the earth, which in its depleted state will materially be no longer able to support 90% of the bottom nor, by consequence, 90% of the top. This—more than the near-term predation of the top—is what will be the cause of the great pain that is to come. Because whether the resources are distributed more fairly or less fairly at this particular moment, and whether this government or some other one prints billions, trillions or quadrillions, whether there is nominal deflation or inflation, it is all quite irrelevant when compared with the basic physical equation = that a finite system cannot sustain infinite growth, not just in “money” but in overall resource extraction. Western societies, and more recently, all societies around the world, have opted for an ideologically-appealing, yet automatically fatal!, crash course that will not only allow our own mass extinction, but will have forced it.
Latter-day games that print money or change interest rates only affect how the fake money gets distributed in the short term, so I have ceased paying attention to them.
The top can get all the yield they want, but in the long run they will not be able to buy things that aren’t there anymore, like passenger pigeon pie or, in the future, tuna fish.
Liminal Hack: “The economy can be maintained at peak debt ad infinitum as long as nominal rates remain at 0. “
Wrong, because the population is growing. The right place for interest rates to be at this time, and on into the foreseeable future, is negative. Because our system cannot conceive of an officially negative interest, we are just that much more screwed.
“You cannot connect everything and everybody together with high bandwidth communications channels and expect yields to remain. … The top, my friend, will live off intermediating in this connectivity network.”
And who, exactly, is going to physically maintain this “connectivity network” which will exist just for the rich to globally chase yield?
“What you have missed is that money no longer exists and what we have is a simple fiat unit of account. Thus yield cannot be extracting from having it, but only by having it pass through you. The top already have worked this out.”
No “flow”, no “flow monster”. When the shit hits the fan, there isn’t going to be excess left over for most of the top to skim off of the intentionally inefficient financial and industrial systems which have been sold to us as efficiencies and wealth creation devices.
JDRose1985 gets it when he calls ours a “waste-based” economy.
Dan: “Nature knows no doom.” But Western society, the “world as we know it” will know doom, as will the majority of the species we currently know, and upon which humans rely on to survive. It could comfort you to know that there may be a saber-toothed cockroach that evolves out of all this at some point in the future, but for me the tragedy is that with all our supposed intelligence we are still tragically stupid.
Hypertiger, much as I appreciate your financial aperçus, your ideas about GOD and bacteria being at war with GOD are quite ridiculous. The majority of the cells in our bodies are bacteria: we could not live without them. Forms of life are not at war with Truth; they ARE Truth, or at least part of it and they live accordingly. Only humans have invented other, artificial, aims (including GODS) which drive them to over-extend themselves to an extent never before seen on the planet, whereas so-called “lower” forms of life merely live and have no need to store up goods beyond a season, nor store them up in heaven. That is the real Truth of things. Contrary to your exhortations, if we did live as do lower forms of life (in a relatively boring symbiosis) we would most likely not be facing such a dramatic mass annihilation of our own making.
To Mike Hunt: “as long as the productivity of my employees is less than the profit we produce we get to stay alive.” Exactly, but this can only happen as long as the “profit” you register comes from somewhere else. Problem is, there isn’t any more “somewhere else”; we’ve run out of “somewhere else”s.
“I challenge you to name one person… who is not or was not ever an employee, a slave, to the top” There were plenty of tribes in both North and South America who lived without much of a hierarchy: the chief was actually an unenviable position, as the chief was expected to give away more of his own resources than anyone else (as opposed to our inverse system). Chiefs would also be appointed on an ad-hoc basis depending on what needed getting done. Instead of accumulating excess production, native societies would intentionally dissipate it, both materially and symbolically. A good book about this is called “Society Against the State”. The introduction of money systems by colonizers forced native cultures around the world into ponzi-type schemes where the top profits from the bottom. This is not to say that they were perfect societies by other measures, just that the scope of the pyramidal structure necessitated by money did not exist for them, as in many cases private property did not. Today one can read on the Internet about more than one person who has experimented surviving entirely without money; while difficult, it can be done. Maximus notes this, as well.
JDRose, you forgot to ask who mined all the silver HT has “stacked”. That will do HT no good when there is nothing to buy with it.
We have reached the edge of our infinity. I see the sines.
We have reached the edge of our infinity. I see the sines.
Lidia said: "Liminal Hack: “The economy can be maintained at peak debt ad infinitum as long as nominal rates remain at 0. “
Lidia my dear, please call me Scepticus - Liminal Hack is just my blog.
"Wrong, because the population is growing. The right place for interest rates to be at this time, and on into the foreseeable future, is negative. Because our system cannot conceive of an officially negative interest, we are just that much more screwed."
I used to believe in negative nominal rates but increasingly I become convinced of just never ending zirp and peak debt, with asset prices adjusting accordingly.
Ultimately it all amounts to the same thing.
"JDRose1985 gets it when he calls ours a “waste-based” economy."
Of course it is.
Because only a tiny tiny fraction of the surplus can be saved from today until next year, by definition the remainder must be consumed today whether or not that consumption is defined as waste or something else.
How would you define consumption if not as waste?
Scepticus, my friend! I have to say Mish did me a favor in banning me from his site, but I am glad to cross paths with you again.
I used to believe in negative nominal rates but increasingly I become convinced of just never ending zirp and peak debt, with asset prices adjusting accordingly. … Ultimately it all amounts to the same thing.
I have to say I barely know WTH that means except that it is evasive as far as the real issue is concerned. "Never-ending peak debt" will merely be masked by rolling currency collapses, so we might as well not resign ourselves to use past and current misleading nomenclatures for processes that are not only identifiable but unique in human history.
There's no point in couching "full-world" economic discussions in "empty-world" terms unless the goal is to intentionally deceive.
For honest, thinking, persons, a new frame of reference must be found, and quickly, imo.
@mannfm1: "The bank has to have capital. The reserve nonsense is a fairytale told college students. If it worked the way you seem to think, they wouldn't be saddling the average Irish citizen with $25,000 in debt would they? The bank has to be able to pay. If the bank can't pay, the other banks can't collect."
…
A bank that lends without capital is committing fraud and engaging in an unconscionable transaction.
???
In the system as it has been conceived a bank's not having capital is a feature, not a bug. Which is how we have ended up where we are.
An appropriate capital ratio is 100%; anything less is a fraud. A ratio of 10% is only 10% less of a fraud than a ratio of 0%. Which is to say that it is still an infinite fraud.
----
The true measure of money is energy. Keep your eye on the doughnut, and not on the hole, as my grandma used to say. She made quilts by sewing layers of newsprint together.
We throw away more wealth each day than the world has ever seen; capitalism mathematically impels us to do so.
Scepticus, I don't define most consumption as other than waste, so don't be cheeky! ;-)
I just read this entire group of comments, and i think you prove HT's point.
You argue and admonish his thinking, regurgitating mass medias bullshit. His argument is original, albiet repetitive. Yours not so.
Frankly i shocked he wastes his time.
"For honest, thinking, persons, a new frame of reference must be found, and quickly, imo."
Lidia, that is what my blog is about.
It is exactly about frames of reference.
We cannot hope to find a frame of reference by wallowing in the past and by engaging in absolutist self indulgent doomerism and random lashing out at society.
bacteria basically are at war against GOD is well.
All lower forms of life basically are at war with Truth.
Bacteria comprise the physical substrate for what you call "God" at the planetary scale of existence.
Much like our mycological precursors, we animalian "biomic" constructs could most accurately be construed as a vast bacterial experiment.
Please read and deeply consider Margulis HT.
Hyper, look, credit grows for the second consecutive month http://www.federalreserve.gov/releases/g19/default.htm
what do you say to this? the horse is galloping again?
Hyper is looking at the total credit market value Alex.. (that ±52T)
that is not true, Anonimous. he is also following this monthly update from the FED. look what he writes "The supply of money increased by 14 Billion Dollars the past year but in 3 months during during 2000 to 2005 it only took consumers 2 days to request that amount of new money."
-------
also look what he replied to me above:
"The money supply is showing signs of growth after the greatest global Government intervention in history."
so this growth does matter. but sure, it could be too little, too late...
One of you want to take this apart?
“It’s all about the bond auctions, the bond fell off a cliff. In the derivatives market you’ve got JP Morgan playing the bond market at the behest of the Fed, going long 30 years versus selling short-term paper. They buy 30 year paper and then immediately hedge themselves by selling the 30, 60 and 90 day paper. It’s how they keep interest rates down, it’s how you do it. The only reason interest rates are not in double digits in the US is because of this game. These guys are short front month paper. If this (the bond market) actually fell much longer, JP Morgan could be wiped out, I mean they would be liquidated. The Fed cannot allow them to do that. We’re witnessing history here."
and
"This reinforces my view that nominal interest rates in the U.S. are completely under the manipulation of the Fed/Wall Street in order to try and stimulate an economic recovery. Unfortunately this will fail badly. Real interest rates (nominal rates minus true inflation) are extraordinarily negative. That fact is the fuel powering the precious metals inexorably higher. As the rate of real price inflation accelerates (NOTE: true inflation vs. Government reported/manipulated CPI price measures), this rally in precious metals will also accelerate and leave many behind."
http://www.harveyorgan.blogspot.com/
The above comment may be spot on. When JP fails will it be because of Wikileaks? Great way to cover their ass'
HT, several times you said: "the FED does not set the rate, the market does. otherwise they would set the rate once and be done with it" on the other side you said "they lowered the rate in 2000. they are lowering the interest rate to get volume to extract yeild".
who are they? why not the market? thanks.
"Queen Elizabeth II's shareholdings remain hidden behind Bank of England Nominee accounts. The Guardian newspaper reported in May 2002 ... "the reason for the wild variations in valuations of her private wealth can be pinned on the secrecy over her portfolio of share investments. This is because her subjects have no way of knowing through a public register of interests where she, as their head of state, chooses to invest her money. Unlike the members of the Commons and now the Lords, the Queen does not have to annually declare her interests and as a result her subjects cannot question her or know about potential conflicts of interests..."
http://www.rense.com/general79/tril.htm
quite interesting read...
"They buy 30 year paper and then immediately hedge themselves by selling the 30, 60 and 90 day paper. "
It makes perfect sense to do that because 30 year paper isn't really 30 year paper. Government bonds have an average velocity of about 7-8, which is about 5-6 times higher than base money. So 30 year paper which is supposed to offer a yield comensurate for that maturity doesn't involve giving up consumption for 30 years at all.
So the yield on 30 year paper is a distortion, especially when you consider the bond is nominally risk free.
You cannot have a yield on fiat money when a banking system exists. You cannot have 'fiat yield'.
That is why the markets for 30 years have been lowering nominal interest rates - because they represent an arbitrage.
The correct, arbitrage free rate of interest on all fiat money and all government debt backed by printing presses and which is traded daily is 0.
Put another way, government debt is money, regardless of its maturity. Thus the ultimate fate of all government debt is to end up as 0 maturity paper - base money.
A corollary of this simple reality is that the only stable equilibrium for fiat money is a zero nominal base rate, which in turn can only be stable when the economy is at peak debt. This state of affaris can IMO be maintained by reducing whole economy leverage by decreasing the base money->broad money ratio when the economy exceeds maximum sustainable debt, as we have recently. THis is what has been happening but is not yet havnig the required effect because too much of the rest of the world is still trying to operate non zirp monetary policy which sucks the new money abroad.
But the runny money heading east and south for yield will soon kill off yield in those zones and raise them to peak debt and zirp too. At that point while the currencies may in fact have many names they are actually a single fiat currency.
But this doesn't have quite the implications for gold that you think it does, IMO.
Full details here.
http://liminalhack.wordpress.com/2010/11/08/the-philosophers-stone/
http://liminalhack.wordpress.com/2010/12/05/glod/
I think you're missing something here. Civilizations collapse for a number of reasons, not just because the fungible billing units are no longer able to produce more than they consume. MY favorite reason they collapse is revolution when the angry masses chop the heads of the TOP as you call it. Of course there are other civilizations who prey upon declining ones, such the barbarians attacking the lazy and effeminate Romans. And there are ecological reasons such as running out of water or environmental such as earthquakes or volcanos. And there are biological such as disease.
Furthermore, someone was discussing the next effect of the plague was that the survivors became richer. They took their dead neighbors wealth. In fact there was so much wealth that in many places the survivors couldn't gather it all and it was lost. Animals died from being unfed, crops rotted in the fields, land lay fallow for decades.
The whole point of the system, whatever system it is, is to squeeze as much as you can out of it and make a life for yourself. Hopefully when you're old you'll still have some of it left to life off when your old. Tilling the fields and subsistence farming is a real pain in the ass when you're old and your body is wasting away. And when you get too old to work and feed yourself, you die. Because that's the fricken alternative to civilization in whatever form it takes.
My point is that you're simply stating the obvious like it's some conspiracy theory.
I saw something one time on TV, some realtor was driving through some ritzy LA neighborhood showing off the homes, and he says "the only thing that ever changes is the name on the mailbox because the wealth remains"
And that's the truth. With a lucky roll of the dice maybe you could have ended up one of those wealthy ones at the top - a prince or a king or a mafia boss ; until your neighbor deposes you and chops off your head.
The TOP has no planned ideological outcome or master plan for this entire mess we're in. It's uncharted territory. They're just basically just doing what they think they should do sort of 'playing it by ear' as we say. To think that this has all been planned this way is ridiculous.
You forget that the easiest way out of the peak debt is default and bankruptcy. I see this shit every day. I'm a bankruptcy attorney. I see people jack up their mortgages with HELOC, buy a ton of TV's and stuff on credit and then stop paying it all. They live rent free in their home for years and years watching their TV they never bothered to make even a single payment on with their HSBC Best Buy card.
The banks, in their infinite wisdom, have finally wised up to this folly and stopped lending to fricken deadbeats and now credit is contracting.
I see people every day walk in to my office with tens of thousands of debt and never missed a single miniimum payment. Then they just walk away from it all. Just like that. File BK and get it over with.
And some other shady compnay will send them a credit card application a few days later because they know they're going to get their money because they can't file again for another 8 years.
DUH.
Who's the dumbass now?
The banks are the dumbasses for lending it and in fact often I think the subprime borrowers aka hustlers are actually pulling one off on the banks.
You just don't get it,
I bet your the life of the party Greenie. Well made, some would say overly well made point.
Greenie hasn't made a point - he or she has simply cut and pasted someone else's point.
Do you have to make your own automobile to travel to work?
take it easy on my boy greenie!
this isn't 2nd grade where the first person who raises their hand to answer a question wins.
"we do not create anything. all learning is a modification (it may be a refutation) of some prior knowledge...ultimately of some inborn knowledge. similarly, there is no such thing as an unprejudiced observation."
-kp
Not trying to make a point or anything. I thought people here would find that historical discussion interesting. I am now deleting those comments. Why are people here so hostile?
huh
So Hyper, who then is at the top of the top, the richest and mightiest man/family in the world. Is it really Jacob Rothschild or am I misinformed. Controls the Bank of England, has a controlling share in the Fed (i.e. gets most of the tax income), controls parts of most major corporations in the world. Estimated total wealth 100 trillion (Buffett and Gates paupers in comparison).
HT says "government borrows it's 11 trln out of abt. 52 trls of monetary base created into existance by the consumer"
question: why consumer creates monetary base by demanding credit out of thin air, whereas the government does not?
"Money flows come out of income, take home pay of everybody plus money that came from real estate is down about $1 trillion a year. It peaked in the 3rd quarter of 2008, at $7 trillion, that's take home pay for everybody who pays taxes plus the money that came from real estate. It has now bottomed at $5.9 trillion. We are still down $1.1 trillion in money that people have to spend each year, that 16%. And some of the money that is leaving equity markets we think is going to pay bills." Charles Biderman
www.zerohedge.com/article/after-nearly-two-years-search
ing-trimtabs-still-cant-find-who-doing-all-buying
Hyper, USA had trade surplus till end of 70es last century. here is chart: http://www.epi.org/page/-/old/images/ACFGYHR1Y.gif
from: http://www.epi.org/publications/entry/webfeatures_viewpoints_tradetestimony/
means US consumer were not exporting dollars to the world, but they were in fact importing them!!
how can it be, if the US consumer became a world consumer in 1944? thks.
Hyper, looks like this guy discovered your "Top"... take your time and translate (I do not need translation, it is my native lang)
http://pravdu.ru/lessons/efimov/index.htm?page=3
realy interesting that his saying 100% corresponds to your continuous lectures.
This blog has died.
Post something new please or remove.
If it is over, say it's over.
What are the factors that one should look at to determine if we are headed for inflationary or deflationary times dead ahead???
One factor is the issue of dead assets, or vastly deflated assets, ones that were once on a personal or business balance sheet, or the BIG sort, the National balance sheet, is a concept and perspective that the MSM either hasn't realized the importance of, or purposely declines to even mention is a very crucial factor to look at in any valid analysis of inflationary or deflationary forces which are operating in the economy. How can one just look at money creation, and completely ignore the other side of that equation, money destruction???
A dead asset is any account, investment, or property that has gone down to zero in real world market value(destroyed asset). A dying asset is one that is close to zero and is moving in that direction rapidly(nearly destroyed). A "haircut" re Euro bond holders is a substantial loss of asset value that is painful(half destroyed_. Austerity is another deflationary code word that is being bandied about lately, meaning less of what the workers work for (lifestyle/fun).
The reason why I'm mentioning the above ideas is to bring to mental focus the "fact", ergo economic truth, that when residential Real Estate drops 2 Trillion dollars, and commercial RE drops 1 trillion dollars, and Bonds drop 1 trillion dollars, and stocks drop let's say half-a-trillion since 2008, not to mention private companies, bankrupt companies which had values on them that were perhaps another half-trill, that represents a real world drop of "money" in the USA of 5 trillion dollars.
So when TARP spends around a Trillion, QE1 spends another trillion, let's say QE2 spends another trillion the erroneous conclusion that MSM talking heads create as a meme, is that old Helicopter Ben is at it again, creating printing press out of thin air, and inflation must be right around the corner. But, what if the other meme, covertly or overtly created by the MSM including cover page articles replete with cartoon art of old Helicopter Ben tossing out hundred dollar bills out of his Fed Reserve helicopter. Why announce it and create such a stir about something you'd think they'd want to keep a secret??? Perhaps because it was a fake out!!! Get the sheeple borrowing like crazy because they can pay it back with cheap(read sheep)money, and can buy tons of stuff for cheaper(read sheeper) prices. So, their possible conspiratorial intent is to suck the last bit of capital out of the veins of the still living bah, bah, sheeple. Get ready for a sheering when the next phase of the expected deflation hits, states and municipal governments start going belly up and muni bonds crater....more lost capital, more deflationary pressures. Every time you hear or see the terms: bankruptcy, losses, defaults, foreclosures, unemployment up, bond losses, stock market drops, haircuts, austerity measures, factories shut down, strikes, work furloughs, budget cuts etc., etc. think to yourself OUTLOUD: Deflation!!!!!
That I believe is their plan, drive everyone to bankruptcy and buy most everything up for pennies on the dollar, and start all over again. Neo-feudalism phase II, after a major "die-off" to get their Malthusian logos all polished up for their new millenium a little behind schedule!
What are the factors that one should look at to determine if we are headed for inflationary or deflationary times dead ahead???
One factor is the issue of dead assets, or vastly deflated assets, ones that were once on a personal or business balance sheet, or the BIG sort, the National balance sheet, is a concept and perspective that the MSM either hasn't realized the importance of, or purposely declines to even mention is a very crucial factor to look at in any valid analysis of inflationary or deflationary forces which are operating in the economy. How can one just look at money creation, and completely ignore the other side of that equation, money destruction???
A dead asset is any account, investment, or property that has gone down to zero in real world market value(destroyed asset). A dying asset is one that is close to zero and is moving in that direction rapidly(nearly destroyed). A "haircut" re Euro bond holders is a substantial loss of asset value that is painful(half destroyed_. Austerity is another deflationary code word that is being bandied about lately, meaning less of what the workers work for (lifestyle/fun).
The reason why I'm mentioning the above ideas is to bring to mental focus the "fact", ergo economic truth, that when residential Real Estate drops 2 Trillion dollars, and commercial RE drops 1 trillion dollars, and Bonds drop 1 trillion dollars, and stocks drop let's say half-a-trillion since 2008, not to mention private companies, bankrupt companies which had values on them that were perhaps another half-trill, that represents a real world drop of "money" in the USA of 5 trillion dollars.
So when TARP spends around a Trillion, QE1 spends another trillion, let's say QE2 spends another trillion the erroneous conclusion that MSM talking heads create as a meme, is that old Helicopter Ben is at it again, creating printing press out of thin air, and inflation must be right around the corner. But, what if the other meme, covertly or overtly created by the MSM including cover page articles replete with cartoon art of old Helicopter Ben tossing out hundred dollar bills out of his Fed Reserve helicopter. Why announce it and create such a stir about something you'd think they'd want to keep a secret??? Perhaps because it was a fake out!!! Get the sheeple borrowing like crazy because they can pay it back with cheap(read sheep)money, and can buy tons of stuff for cheaper(read sheeper) prices. So, their possible conspiratorial intent is to suck the last bit of capital out of the veins of the still living bah, bah, sheeple. Get ready for a sheering when the next phase of the expected deflation hits, states and municipal governments start going belly up and muni bonds crater....more lost capital, more deflationary pressures. Every time you hear or see the terms: bankruptcy, losses, defaults, foreclosures, unemployment up, bond losses, stock market drops, haircuts, austerity measures, factories shut down, strikes, work furloughs, budget cuts etc., etc. think to yourself OUTLOUD: Deflation!!!!!
That I believe is their plan, drive everyone to bankruptcy and buy most everything up for pennies on the dollar, and start all over again. Neo-feudalism phase II, after a major "die-off" to get their Malthusian logos all polished up for their new millenium a little behind schedule!
http://www.federalreserve.gov/releases/g19/current/
latest report shows monstrous expancion of credit - 0.7%
looks like so called "recovery" is nearing it's logical conclusion :))
Hyper, were you advisor for the producers of the The Money Masters (1996) film? ))))
Something new will be posted when there is something new to post.
Surely you have an ability to percieve the Universe without my help...
Yes nice of you to notice that there still has been no recovery.
Sure the top is doing fine...cannibalizing bottom.
Burning the furniture to heat the house.
http://www.shibor.org/shibor/web/ShiborJPG_e.jsp
looks like chinese liquidity is drying up...
@Futurama - you nailed the ball out of the park. Your assessment is DEAD ON.
The problem for they who take more than they give is that there is only one planet. Debt is not the answer. Default is not the answer. Gold is not the answer. The desire to find a "way out" or an "escape" is irrelevant. The system continues onward.
Futurarama has good arguments. Absolutely on the money (no pun intended). In the grand scheme, the only logical conclusion I come to is that population has peaked. What do I mean? What am I getting at? Bear with me...
There is a distinct currency cycle going on here - the end of the cycle actually. It has to do now with the ability of the central banks to keep playing the only play they have... print more money... default through inflation... try to keep the ponzi alive by creating real inflation - not pseudo-"hot money"-inflation. If they are successful in the near term, we might go the way of a currency crisis and/or war. If they fail, we go the way of full-blown deflationary implosion and liquidation.
At some point, people who care to survive just a little longer than the average idiot are going to need to talk about how to prepare... how to spot the signs of one happening versus the other absent a black swan event. And so on.
Overall, the end result of either direction is nasty - and is ultimately deflationary. Deflation will have it's way no matter what is the point here. The crappy part is that unfunded liabilities are just that - real people - not just line items on a financial statement. Lots of folks are simply not going to get what they need. The end analysis need not get mired down in microeconomics and charts... rather just look at the promises made compared to the empty coffers and unsustainable math. Done deal. /rant off
People believe what gives meaning to, and validates, their fears and hopes. Promise them the moon. Promise them magic beans. Promise them gold. Promise them inflation. Promise them a jubilee. Promise them a chance. Promise them what they want to be promised. If the presentation is palatable, then they will believe and follow. Yet inevitably, "Sorry, we can't pay you. Come back next Thursday." They fell for it. Again. Naïveté? Complicity? I don't know why, but here...some more bread crumbs will make you happy.
Banksters are one of the primary causes of the Absolute Capitalist system, and the inequities that Hyper-Tiger has been warning us to recognize, and to perhaps stop feeding this Beast so much of ones lifeforce, or at least to recognize it for what it is, and become concious of ones complicity in playing the game vs complaining about how unfair and cruel it is.
Yes, there is always the option of living off of the land, off the grid, raise some sheep and goats, some chickens and a vegetable garden to keep ones own make "food" enterprise going. Or, one can become a "trapper", or fisherman, or a hunter, and then trade/ barter some animal protein you procured with a farmer for the vegies. It's not an easy or safe lifestyle, but it is an option to the slaving away inside of a corrupt system, set up and run by the Elite / PTB, set up to enable them to live in the lapse of luxury, far beyond the lifestyles of Kings and Queens of past eras.
The Founding Fathers of the U.S. of America were well aware of the evils of the European monetary system, and were wanting to escape that trap. The Founders insisted upon putting into the Constitution the fact that the Federal Government was to be the only issuer of "money", not the Bank of England, Rothchilds and Oligarchies, or any other issuers of fractional or fiat currency. And they defined the unit of money, the dollar, as such and such a weight of fine silver. A U.S. dollar, not a Federal Reserve Note (of indebtedness/ a debt instrument)!!!
1913 was a pivotal point in US history, and was the beginning of the downfall of the ideals of our country, in that the Federal Reserve Bank was established in that year, and also the Internal Revenue Service and Federal Income taxes were also introduced and instituted in that year of infamy. With those two tools in the Elite's arsenal, it was only a matter of time until the clock has wound down, through corruption, influence peddling, criminality and immorality, to the point now where the "Top" owns 70% of the wealth of our Nation, and yet still coninues like a giant parasite to suck the lifes' blood out of the "Bottom", taking way more than a responsible leader or brilliant business person, or inventive creator of new ideas, products, technologies etc. would need to take to live a comfortable and satisfying life.
I agree with Hyper-Tiger that our society has been brainwashed to believe that more is better, and that competition is a virtue which is to be most admired when you are able to outwit or trick your competitor in order to destroy them or their business. It's a mind-set that motivates one to feel it is a badge of honor to take more than you give, otherwise you were the sap, the loser, the fool!!! It's a sickness that has pervaded our society.
If we are to evolve to a Level 1 Civilization after the coming collapse then we will as a people become much more co-operative, helpful, kind, and not so covetous of possessions, status symbols, etc. HT rocks, and I've been inspired by the writings for a number of years, but never knew about the forum discussions and responses by HT which is a very rich experience that I'm thrilled to have discovered.
http://stockcharts.com/h-sc/ui?s=$TNX&p=D&b=5&g=0&id=p60261559854
how do you say it, HT? let me try to speak in your words "the money-masters need yeild. so when the volume does not support requested yeild - they have to rise the interest, to get the yeild required"
http://rutube.ru/tracks/3322545.html?v=785afcc0864dc6741a05dda238b40889&autoStart=true&bmstart=1000
these guys are talkin about 100.000 USD note, why W.Wilson is on it, history of CBs and many other things. exactly like Hypertiger says. really cool.
Hyper, are you insider?
http://www.federalreserve.gov/releases/g19/Current/
hyper, again credit expansion! what do you make out of it? well, I know too little, too late.. nevertheless - not contraction. the horse is gallopiing, or at least walking?
Hyper, looks like they are really fast in burning the furniture now :) it is getting warmer..
The top is behind the price increases of food and fuel.
In the fuel acquisition...
Exploration/production was cut...
The lastest stage managed revolutions help to increase the shortage and set the plans in motion to consolidate the entire middle east into a viable enemy to be utilized later as a scapegoat for a rapid liquidation.
We are still in 1930 as far as progression.
It will take 20 years yet to arrive at a 1939 scenario.
2016-17 is equal to 1933
The solar cycle is well known to the top and has been tracked, recorded , and studied for centuries.
I was saying years ago that weather around this period would be brutal due to the cycle.
The food problems could easily have been addressed.
Instead the absolute capitalists capitalized on the general population's ignorance a.k.a weakness...to cause a food market tightening...which has then been used as an excuse to raise prices.
The top lives off the yield from the bottom.
Yield rates have been dropping for 30 years...
The difference has to be made up somewhere.
Hence the creation of the helicopter Ben myth in 2002.
The authorities have not been printing like mad.
The last time around the city of London dumped gain at sea to sustain prices while the population starved.
food and fuel production over the past 3 years has been cut to reduce tne base supply fueling the derivitaves markets which allow prices to rise.
If this was not done...prices of food and fuel would have collapsed as the producers would all try to produce their way out and flood the market.
The stage managed revolutions lower in the hierarchy triggered by the rising prices can then be fueled and used as scapegoats.
Effects of the cause can then be promoted as causes.
The top can then blame the bottom.
The Muslim Brotherhood is a tool of the top.
Greetings HYPERTlGER,
Of all your post I've read over the years, this one has a different "feel" to it. A grimness, that even you are about to face along with the rest of us. You have my attention, please continue.
Regards,
That EU guy
"The solar cycle is well known to the top and has been tracked, recorded , and studied for centuries.
I was saying years ago that weather around this period would be brutal due to the cycle."
When you say 'this period", do you mean now, or 2016-2017?
The Top is stuck in the Age of Matter. They have too much to lose to leave. We on the bottom who have nothing to lose can change our perspective and leave the Age of Matter.
The Truth is, nothing is solid. God is indestructable because God is not solid. God is the space between the particles which are not particles but waves in space. Consequently, God is everywhere. Only those who believe in matter think everything is solid.
We are pulling the cart at breakneck speed toward the thick brick wall. The Top is riding in the cart snapping the whip. However, since we know the wall is not solid, we go through the wall and the Top slams headfirst scattering left brain cells all over tarnation.
(It is rumored much of the space debris we see now came from the left brain cells splattered by the last reversion-to-mean many thousands-of-years ago.)
First > Last
Last > First
Bottom > Top
Top > Bottom
0.
http://www.federalreserve.gov/releases/g19/current/g19.htm
Hyper, it is still growing :) albeit nonrevolving only.
http://online.wsj.com/article/SB10001424052748703453804576191422676195488.html
ringing the bell, Hyper? :)
HT are you familiar with HJR 192?
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