The Governor and Company of the Bank of England conceived by Scotsman William Paterson...A member of the Worshipful Company of Merchant Taylors on Threadneedle Street...Has lent England and the World Trillions and Trillions of Pounds of Stirling Silver created out of thin air over the past 318 years....To finance global history the past few centuries.
Of course not interest free... "The bank hath benefit of interest on all moneys which it creates out of nothing."-William Paterson
The Bank of England started out as a commerical bank back in 1694...Nationalization did not change its purpose or function.
Promoting the belief that nationalization is a cure to the problem is not going to solve any problem.
Congress?
Is composed of power seekers...
The source of power is the bottom
The top lives off the yield from the bottom...nationalization does not cure that problem.
Congress is beholden to absolute capitalism. All the FED does is regulate and facilitate the taking of more by the top from the bottom than they give.
Policy is not set by the board of governers. That is an illusion...It's how Cris Angel is able to convince the audience he has power...magic tricks.
All the FED can do is regulate and facilitate inflation. The policy is set by the amount of inflation the top requires to sustain the system...not too much and not too little but always greater than previously.
But when the bottom reaches their maximum potential to supply the power to the FED and Congress to allow their policy tricks to work their magic.
The mindfreak is over.
I'm sorry but if I as a producer can't or won't supply the yield all you above demand to keep your yield policy trick from failing to astound the audience...it's game over.
The FED does not set rates...the producers set the yield rate of their production...and when all the net consumers above demand more yield from the net producers than the producers can produce to sustain their absolute capitalist policy.
That's the end of the illusion that the consumers set the yield of the producers.
The producers begin producing less...the top sees this and then instructs the policy makers to change the policy...they produce more...and the policy makers are then instructed to change.
Too much yield and it can't be sustained...and it collapses...too little yield and it collapses...but the yield must always be greater than previously or it collapses.
Not too much...not too little but always...greater than previously...Until the bottom reached their maximum potential to supply the power to the top is demanding to power the fantasy you all think is reality.
Now the illusion that the FED has magical powers to set yield rates is crumbling...
The policy of the power seekers is for more and more power...until the bottom can't supply them with more...then the delusion shatters.
Nationalization is not going to change anything and neither is globalization...the logical conclusion of the absolute capitalist or take more than you give equation is always collapse.
The FEDERAL RESERVE is basically a front for the above mentioned business...It is the Third central bank of the USA.
Alexander Hamilton founder of the oldest commercial bank in the USA until 2007...The bank of New York...Was the first Secretary of the US Treasury and proposed the first central bank of the USA following the city of London financed take over or American Revolution...The first President of the first central bank of the USA, Thomas Willing, was trained in the Inner temple of the city of London and declined to sign the Declaration of Independence.
The above is all in the history books for anyone to find if they get tired of being mentally lazy and look.
But it's easier to just lay back and enjoy the mind rape.
The British pound stirling started out as a pound of stirling silver over 400 years ago and is still the top currency in the world but has lost 99% of its value since then...The bank of England was "nationalized" in 1946.
The Denarius was the silver coin of Rome...it showed up in 211 BC and by the time of its last appearance around 270 AD it contained zero silver.
The Denarius was the Coin of Rome like the British Pound Stirling is of Britain and the US Dollar is of the USA.
And no one seems to know why coins debase.
Population of the the city of Rome area according the the Roman census.
294 B.C. 262,321
14 A.D. 4,937,000
In around 300 years the silver requirement to sustain the city of Rome area increased 18.8 times...
Demand outstripped supply...the trees ran out due to the reaching of the logical conclusion of the take more than you give equation.
Inflation...not too much...not too little...but always greater than previous or...you die.
like Rome did...well Rome collapsed...and then rose again and collapsed again by 1345... and now you all are at the tip top of the rise from 1345 until now...
The global system was based in Rome then Venice and then the rebuit Londinium...or as you know it today...The city of London.
The system ran out of people willing and able to sign on the dotted line.
The USA was doomed reguardless...The push at the end to sustain the global trade system came from the highest levels.
If it wasn't for all the subprime loans that were utilized to sustain the boom...It would have ended sooner.
But because they were...the boom was extended and the effect which was caused by the choice to take more than you give...or getting millions to sign on the dotted line that shouldn't have according to the rules...is magically transformed into the cause of the collapse.
The simple fact is that the USA after 63 years...exhausted its supply of dotted line signers...the bottom of the barrel was scraped...and once the bottom of the barrel was scraped down to the metal...The USA along with the global trade system began imploding to oblivion.
But those who benefit from the system don't want to fix it...So they continually promote this sub prime cover story.
The banks did what they did to to obtain the yield all the mindless yield locusts are chasing...
Once you become dependent upon living off the yield derived from others...they can't ever stop.
That is all this system of civilization that you all have fallen in love with does...produce yield until it can't...then it implodes...
The net producers support the net consumers...and once the producers can't or refuse to supply the demands of the consumers.
It's game over.
Economics as you all currenly comprehend it is a scam that is doomed to just inflate to maximum potential and implode.
That is all your Economics can do.
The more you try to prove that what you believe is right and not wrong the greater the suffering and pain you will be forced to endure when you can no longer postpone arrival at the logical conclusion any longer.
When absolute capitalists interact...there is a power struggle...
Once resolved however it is resolved...Generally one person or group gains and the other person or group loses power...one obtains a net positive yield and one obtains a net negative yield.
Eventually one person or group sucks the other person or group dry of power.
The top grow richer in power by taking more power than they give from the bottom who grow poorer in power by giving more than they take from the top.
Once the top has sucked the bottom dry and scraped the bottom of the barrel to the metal.
It's game over.
The top does all the buying and selling...with yield rates so low searching for volume...the difference needs to be made up somewhere somehow.
The top raises the prices of that which people want and need in order to obtain the yield...
Food and fuel.
If tomorrow a way was found to use half the fuel now required...to avoid an implosion of the global system...prices would have to double...
The top employs the bottom to supply the top with all the oil whoelsale...the top then marks it up and sells it to the bottom retail. The difference between the wholesale cost and the retail price is the yield the top lives off of.
It works great...until the bottom reaches the point at which they can no longer supply the demand for yield...then the systam begins to collapse.
Rates have been dropping in search of volume for 30 years now...that trick is ending...The volume is drying up...
Now everyone is resorting to quantitative easing to make up the difference for the loss of the dotted line signers...
Let's say it costs $5 to produce a barrel of oil and the mark up is $20.
The top requests a commercial bank to create 5 Dollars short term at whoelsale rates and then marks the oil up and sells it to a consumer who requests a commercial bank to create 20 Dollars long term at retail rates...
The difference between the wholesale cost and the retail price is the yield...
All commodities are like this.
When the consumers reach their maximum potential to create the required amount of new debt to sustain the previously produced debt...the system collapses.
The top lives off the yield from the bottom.
The slaves produce all the power that is supplied to the masters who take their cut and supply the servants and then what is left over is supplied to the slaves.
The net producers supply the demands of the net consumers which are the masters and servants...
The reason why gas prices are high and rising is because the bottom or slaves are not supplying the demand for yield by the top or masters and servants and the masters are raising the prices.
Period end of story.
The masters, owners, or employers of the system...the slaves and servants or employees of the system or enterprise.
The take more than you give enterprise...The absolute capitalist enterprise the top owns and all below are employees of.
Debt to GDP is meaningless.
The total credit market debt is the money supply...and when it stops being produced...the money supply dries up...
The ratio between debt and the gross debt product has been growing for decades...the longer you sustain the inflation...the more new debt that is required to produce 1 Dollar of new gross debt product.
Why would you want to sustain the inflation?
The top employ the bottom to supply the top with everything wholesale and the top then marks it up and sells it to the bottom retail. The difference between the wholesale cost and the retail price is the yield or "debt" the bottom owes to the top.
Over time the debt owed by the bottom to the top grows and grows....it costs more and more to produce the debt product...It's why the debt to income ratio rises and collapses...why the debt inflates then collapses...
Back at the bottom of the bankruptcy reorganization 1933-1945 the ratio hit 100%...meaning that for every dollar of new debt created 1 dollar of debt product was produced.
Over time it takes more and more new debt to produce the same product...to the point where we are now where it almost takes 4 Dollars of new debt to produce 1 dollar of product.
Of course once the collapse gets underway the ratio will collapse back to 100%...Like it did 1933-1945....during the bankruptcy reorganization follwing the collapse 1929-1933...the liquidation climax of that reorganization was called WW2.
See to get you all to do what is required...the top has to manipulate you all into it...if the top came out and told you all what pain and suffering you all have to do in order to sustain the top at your expense...you would all refuse.
Hope does not exist.
Once you choose to take more than you give...there is no way to escape the collapse...all you can do is postpone the arrival for as long as possible.
That's what was done from 1945 to 2008...postpone the inevitable collapse.
The clowns in congress...all they did was do what was required to postpone arrival at the logical conclusion of the take more than you give equation.
Once you choose to take more than you give...or chop down trees faster than they regrow to let's say...sustain GDP.
You have two options.
Stop chopping down trees faster than they regrow before you run out...GDP will then collapse.
or
continue chopping down trees faster than they regrow until you run out...GDP will then collapse.
That is all that has been done from 1945/50 until 2008...postpone arrival at the logical conclusion of the take more than you give equation for as long as possible.
There was never any hope at all...once you choose to take more than you give...collapse is certain an inevitable...reguardless if you choose to stop or not.
Now of course you all are oblivious of this and think effects...like what congress is doing in order to postpone arrival at the logical conclusion of the choice to take more than you give which is the cause of the effect...is the cause or a cause.
In fact all the effects you currently see will be marketed as the cause in the end.
The cause is the choice to take more than you give...the effect is collapse.
It's all going to collapse globally just like last time...except last time the system collapsed following the roaring 20's powered by the post WWI looting of Germany carry trade.
This time around it's been the roaring 6 decades powered by the post WWII looting of the world carry trade...So the implosion that is going to follow is going to be a science fiction horrorshow of course once you all can no longer supply power to the postonement of arrival at the logical conclusion.
Hope all you want...The glorious days of hope are rapidly ending now.
Most of the bums wandering the streets of the USA are rich...
Basically the entire population of the USA is rich...
I had a friend when I was younger...his dad owned a fireplace business...He along with his sister were supplied with every new toy as soon as it came out and the family had every new must have consumer product that was introduced...
I was exposed to this and I could not believe it...He was a big fan of John Wayne and had a limited edition bronze bust of him in his room that cost 100's of dollars at the time.
I said to him...man you are rich...he said no...he wasn't rich at all...His family just had enough money to live comfortably.
Employment has zero to do with it...
The top grows richer in power by taking more power than they give from the bottom who grow poorer in power by giving more power than they take from the top.
Once the bottom is sucked dry....the dividing line between those who are taking (demanding) more than they give and those who are giving (supplying) more than they take rises up the hierarchy.
If it rises high enough...to reach you...You will stop thinking you are rich and you will then begin thinking you are poor.
Eventually the hierarchy or middle will implode causing those who have power to crush those that have not but demand it to be given back to them.
It's why you have been employed by the rich the past 10 years implementing all the police state measures to deal with the inevitable implosion of the take more than you give scheme.
The key to why "we" are in this mess is because you are all ignorant as to what is going on...
The FED can't do anything except bail out the masters or top.
The top is master...the bottom is divided and conquered into two factions...the rich servants and the poor slaves.
The top created the FED to serve them...
It's a hierarchy...the closer you are to the top the greater you benefit...the farther away from the top you are the less you benefit.
The closer you are to the top the more you are worth...the farther away from the top the less you are worth.
The top maintain their position by giving the bottom what they want.
Lets say that in order to maintain their position...the bottom wants Bill Gates to suffer...then Bill Gates instantly transforms from a fundable asset into an unfundable liability and is liquidated...or maybe they see a power seeker like Corzine rising up the hierarchy and eventually install him as a fall guy...and then poof...he's going down in flames and doesn't know what happened...he was assured like Saddam was...don't worry...do as we say and you will go down in history...and then wtf...it's all craping the bed.
The top operate in the realm of pure absolutes...they have zero emotion for the billions below....you are just a huge carbon footprint that needs to be reduced.
If to maintain their position requires the reduction to rubble of part of or the entire global system...then goodbye...It's no big whoop to the top.
In order for those above to maintain their position...they must give those below what they want.
But...In the power transfer...Those above must always obtain more power in return than they give.
That's how absolute capitalists operate...it's how you all operate within the absolute capitalist or take more than you give hierarchy.
All the fights you have are due to the power struggle that occurs when absolute capitalists interact...you are all trying to take more than you give...but can't.
In the end only a small group can obtain more than they give from the rest who give more than they take.
The top grows richer in power by taking more power than they give from the bottom while the bottom grows poorer in power by giving more power than they take from the top
Once the bottom has been sucked dry...the system collapses...the top or masters use the system as a source of power...the bottom or the rich servants and the poor slaves...the interaction between them is what generates the power.
The system is like a battery that supplies power to the top and when the battery runs dry...it has to be recharged.
The FED is used to facilitate and regulate...it's not the source of the power...it depends upon the source.
Nationalst perspective is not going to allow you to see what I see...
The top has zero use for any nationalist perspective except as a means to an end...which is control of nationalists.
like Americans, Canadians, and Russians...etc.
To the top...the population of the USA economic zone is just a souce of power...nothing more or less.
I know what you all are saying...but the FED is not trying to do anything other than sustain the top at the expense of the bottom...and because the rich are benefiting from close proximity to the top....they are obediently serving.
You are too...you believe that the FED is making mistakes...the FED is not making any mistakes...the only way you could believe the FED is making mistakes is if you are obediantly embracing the lies the FED is telling.
The banks and the FED were created by the top to sustain the top at the expence of the bottom...they are products of absolute capitalistic or take more than you give thinking.
Because in the end...if you all believe the FED has made a mistake...then the top maintains their position...the cause which is the absolute capitalist system of which they are the masters...becomes the FED and the puppet crew installed.
The FED was designed to bailout the top...it's a scapegoat in the end...It will take the bullet to the head for the master....that's what it's currently doing.
The top maintain their position by giving the bottom what they want...at least what you think you want...If in order to maintain their position requires the FED to be sacrificed...then it will be.
The top takes more than they give...and if they give you the FED and you are satisfied with it...then they win and you all lose...the power struggle.
How many decades have you all spent demanding the end of the FED?
Will tears of joy stream down your cheeks when you finally get what you want?
Which in the end will be less than you give the top....by the time this is done...the FED will be worthless...So in the end you all will be given nothing.
The masters will still be top and you all will still be the bottom running around in the ruins.
After everything resets...the top will employ all below to build and maintain the next source of all your misery and suffering...and the top will live off the yield from your power struggle trying to escape it.