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  • Capital flight

    Manufacturing is the primary value-added industry. After WW II, America had a lock on manufacturing. Capital usually moves to where it can grow the fastest. Capital pushes production to cheap labor markets. In general, capital flees high-labor markets.
    In the late 60s, foreign manufacturers started taking manufacturing away from America. We should have reduced our standard of living to reflect our loss in income. Instead, we used our future wages to maintain our standard of living.
    Just the same, capital has fled.
    How capitalism's great relocation pauperised America's 'middle class' | Richard Wolff | Comment is free |
    Various States have printed currency to maintain theri standard of living. Currency isn't wealth so, this is only temporary. There will be an eventual default.
    Wolfgang Schauble of the Bundesbank has clearly said that the European Central Bank can NOT solve the Euro crisis. The Bank of International Settlements has come out and clearly said that the Central Bankers can NOT solve the sovereign debt crisis.
    Unlimites credit to failing States is NOT working because the interest burden just gets worse. Austerity is not the answer because it kills the economy and there is no commerce to pay off the debt.

    The answer is default and European countries have done this many times.
    Some European countries are in the habit of going bankrupt – Telegraph Blogs
    The Eurocrats beleive that they can change the very basic nature of the people in the southern countries. History says that no currency union has ever worked.
    The Europeans have had enough of this crap and say that all of their leaders are crooks.

    Since the West has plenty of currency but, declining wealth, thye print curecny to bail each other out.
    Activist Post: 41 IMF Bailouts And Counting – How Long Before The Entire System Collapses?
    This isn't going to end well in the short term.


    • Europe and why it matters

      I found a good article on the Euro debt crisis for those who aren't completely familiar with the details.
      Gonzalo Lira: A Beginner’s Guide to the European Debt Crisis
      The article mentions the exposure that America banks have to European debt.

      I also found an excellent article on the Greek debt crisis explaining that the IMF SEVERELY miscalculated on the effects of austerity. It is a very sobering paper .
      Leaked IMF Report Shows Dangers for US Economy | Daniel Amerman CFA | FINANCIAL SENSE
      Actually, "terrifying" is more accurate than sobering.

      I claim to be a neo-luddite because of the advances in automation. Here is a very good paper that explores that idea.
      charles hugh smith-Weblog and Essays
      This is a repost of an article on the great relocation.
      How capitalism's great relocation pauperised America's 'middle class' | Richard Wolff | Comment is free |

      Should you be considering the stock market, here is an antidote for the stock markey Koolaide. "Today, the S&P 500 is sitting a full 30% above its200-weekly moving average. We have NEVER been this overextended above this line at any point in the last 20 years."
      Bernank's Bluff and the Coming Crash | Zero Hedge
      Debt is now 3 times larger than the GDP.
      The debt reckoning has arrived: Total debt owed now approaches $60 trillion while Fed wrestles with interest rate confidence game.


      • Jim Willie, again

        This is the latest public version of the Golden Jackass news letter. The investors letter runs MUCH longer. If you don't have a long background in reading this stuff, much will remain cryptic. I'll illustrate just one detail.
        "The flow of funds from the energy pipelines to China is being paid in the form of USTBonds to Russia. From there, the funds flow to London banks as part of the Rosneft buyout of the British Petroleum stake in Russian energy firms. Think return of USTBonds to sender, stuffing them down their throats. "

        This means that U.S. Treasury bonds will be redeemed, NOT rolled over. Russia will use the proceeds to buy complete control of Russian energy companies ,,, away from BP. In turn, BP won't be able to access energy supplies.
        The FED will be required to cough up interest AND principle. Our debt is already 3 TIMES our GDP. This problem is exacerbated by the fact that about $ 12.4 trillion is missing.
        Missing Money
        NOT to worry. GOV already has plans to steal all retirement funds.


        • destrot democracy

          Once again, it is time to fall back fom the trees to see the forest. I'm going to repost some arlier comments to get them more in context.
          England and Germany were the first to seriously embrace the industrial revolution. In a sense, this pitted London Bankers against Frankfurt bankers. Here si the repost;
          "Once again, Germany's industrial output became a threat to Great Britain.

          "Should Germany merchandise (do business) again in the next 50 years we have led this war (WW1) in vain." - Winston Churchill in The Times (1919)

          "We will force this war upon Hitler, if he wants it or not." - Winston Churchill (1936 broadcast)

          "Germany becomes too powerful. We have to crush it." - Winston Churchill (November 1936 speaking to US - General Robert E. Wood)

          "This war is an English war and its goal is the destruction of Germany." - Winston Churchill (- Autumn 1939 broadcast)

          ""The war wasn't only about abolishing fascism, but to conquer sales markets. We could have, if we had intended so, prevented this war from breaking out without doing one shot, but we didn't want to."- Winston Churchill to Truman (Fultun, USA March 1946)

          "Germany's unforgivable crime before WW2 was its attempt to loosen its economy out of the world trade system and to build up an independent exchange system from which the world-finance couldn't profit anymore. ...We butchered the wrong pig." -Winston Churchill (The Second World War - Bern, 1960) "

          OK, so England destroyed it's competition with the help of it's satrap, America. BUT, Churchill said "we slaughtered the wrong pig". Since this was a banker's war, why did the bankers choose to destroy democratic Germany and help communist Russia? The answer is simple. The bankers have always chosen Communism over democracy.
          Democracy must go hand-in-hand with capitalism and freedom. You can't remove any element and have the other two. With democracy, the power is too dilute and spread around. The control that the bankers desire is unobtainable.
          Pure free market capitalism is a meritocracy. The whole peloton of bankers worldwide has very little value and a meritocracy would quickly show that. Bankers continually push for communism and the necessary command economy even though it is eventually a proven failure.

          Germany was slaughtered to advance communism. The whole EU project was an effort to create the "E.U.S.S.R. Brussels is the head of a command economy that heavily promotes Socialism. Brussels wants to create a EU military. Nobody is going to attack the EU so, this military would be used on the home front.
          ONLY COMMUNISM requires a military for domestic control.
          In 1948, Costa Rica abolished it's military. The country is flourishing. Look at the state of affairs in North Korea.
          A free-market deomcracy has no need of control besides a small police force. When the U.S.S.R. collapsed, WHO invaded?
          Should America abolish the military, who could we expect to invade? Couldn't happen. The bankers have a plan for world communism and America stands in the way.
          Marxism in America - Lt. Gen. Ret. W. G. Jerry Boykin Video - YouTube

          America must be broken financially to move it out of the way. Endless wars are bankrupting America and making the bankers quite rich.
          004 - Video - Bank Control the Conflicts by the Debt Wars Create - YouTube
          America must be slapped down quite heavily to show that capitalism just doesn't work. The London bankers are at the center of all this.
          Second post on them.


          • London

            Here is one vid from a playlist on the evil effects of the london bankers.
            World Economic super power - YouTube
            Here is a vid from Godfrey Bloom talking about the horrible effects the banking industry has on the general economy.
            Godfrey Bloom: Like vampires sucking the lifeblood out of the economy - YouTube

            The London Bankers;
            The City's money changers in London never relinquished any world control to America, in my opinion. The international bankers, who own The City, saw the world outgrowing Britain's ability to supply ships and troops and 'trading companies' to keep and govern those portions of the globe they had claimed with the British flag. So they cast about for additional resources and useful muscle to help them grow their wealth.

            That would be the U.S.

            The outcome of the revolution cancelled the first set of treaties and bets on the colonization of the U.S.

            The Brits tried again in 1812. Draw except for Jackson's lopsided victory in New Orleans. (Cease fire already had been signed when that battle was fought.)

            So they returned with a Trojan horse-their money and central banks-two of which were kicked out by America's elected leaders; Andrew Jackson being the last. A British born assassin's pistols misfired when he attempted to shoot Jackson one night in his office.

            Five American presidents were ultimately assassinated enroute to-and after- the establishment/defense of their third central bank in America; which was brought into being with Woodrow Wilson's signature on the Federal Reserve Act in 1913 (that authorized The Fed) in exchange for the bankers financing his successful campaign for the presidency.

            The Federal Reserve Act was passed that Christmas after most of congress left for the holidays.

            Politically, this money has controlled the U.S. and its economy since.

            When Hitler got underway in Europe prior to WW II, parts of the British hierarchy were concerned Britain could not withstand a German onslaught at the onset. Churchill told them not to worry; that the Americans were coming into the war. This had to have been communicated to him by The City; who were financing both sides in this war and were in a position to know and make it happen, in my opinion.

            Coincidentally, America's factories at the time (Ford, Chrysler, et al) were already tooled up for war material; which they were selling to nations going to-or preparing for-war.

            When the Japanese bombed Pearl Harbor, the country's industry kicked in with war production; which eventually overwhelmed and was instrumental in the defeat of the Axis. That and America's blood.

            Controlling America's money, economy, and banks, The City's bankers continue to use America's war machine for selected 'enforcement' around the globe. International corporations have become dominant global machines; overwhelming many governments and nation's laws in the process.

            America did not create the economic tar pit the globe is in or the 'wars' subsequent to 9/11. The money changers who own the 'mysterious' Bank of International settlements located in Basel, Switzerland did. It, The City, the Vatican, and the 10 square miles or so that encompasses Washington D.C. all fly the same flag, have their own police force, constitution (Lex fori), laws, and are answerable to no nation.

            The City's bankers have also quietly established 150 central banks in other strategic countries over the years, and control them similarly.

            The City is where the world's power lies. At least today.

            They will determine an exchange rate for local currencies (if they're not devalued completely), stock their central banks with their new currency; and continue stockpiling the world's gold, silver, and other precious metals in their vaults (which their central banks are frantically buying in an attempt to keep them out of the hands of the Russians, Chinese, and India who're on to their scheme).

            They'll exchange old currency with the new in their central banks first (at a central bank rate), declare a bank holiday, then exchange the new currency with a nation's old currency; after which other banks and the masses will be given a deadline for conversion; after which their currency cannot be exchanged and will be declared worthless.

            Pension, retirement, and other funds banked or in institutions will probably be converted electronically at a specified rate.

            Or something along those lines.

            Once the conversion is complete, everyone will live happily ever after.


            • The CFR

              The bankers are pushing for world communism on more than just one front.

              The CFR (Council on Foreign Relations) is the real government of the united States
              The Council on Foreign relations has approximately 4700 member. Annual dues $25,000, fully tax deductible. The CFR, which was initially dominated by J.P. Morgan and later by the Rockefellers, is the most powerful group in America today. It is even more powerful than the federal government, because almost all of the key positions in government are held by its members. In other words, it is the United States government. It is the the brain trust for implementing the Fabian plan in America it is important to know at this point that almost all of America's leadership has come from this small group. That includes our presidents and their advisers, cabinet members, ambassadors, board members of the Federal Reserve System, directors of the largest banks and investment houses, presidents of universities, and heads of metropolitan newspapers, news services, and TV networks.

              It is not an exaggeration to describe this group as the hidden government of the United States. CFR members have never been shy about calling for the weakening of America as a necessary step toward the greater good of building world government. One of the CFR founders was John Foster Dulles, who later was appointed Secretary-of-State by CFR
              member Dwight Eisenhower. In 1939, Dulles said: Some dilution or leveling off of the sovereignty system as it prevails in the world today must take place ... to the immediate
              disadvantage of those nations which now possess the preponderance of power... . The establishment of a common money ... would deprive our government of exclusive control over a national money... . The United States must be prepared to make sacrifices afterward in setting up a world politico-economic order which would level off inequalities of economic opportunity with respect to nations.'

              CFR member Zbigniew Brzezinski was the National Security Adviser to CFR member Jimmy Carter. In 1970, Brzezinski wrote: ... some international cooperation has already been achieved, but further progress will require greater American sacrifices. More intensive efforts to shape a new world monetary structure will have to be undertaken, with some consequent risk to the present relatively favorable American position.

              At the Spring, 1983, Economic Summit in Williamsburg, Virginia, President Ronald Reagan declared: National economies need monetary coordination mechanisms,
              and that is why an integrated world economy needs a common monetary standard... . But, no national currency will do-only a world currency will work. The CFR strategy for convergence of the world's monetary systems was spelled out by Harvard Professor Richard N. Cooper, a CFR member who had been the Under Secretary of State for
              Economic Affairs in the Carter Administration: 'I suggest a radical alternative scheme for the next century: the creation of a common currency for all of the industrial democracies, with a common monetary policy and a joint Bank of Issue to determine that monetary policy'... . How can independent states accomplish that? They need to turn over the determination of monetary policy to a supranational body. [Emphasis in original]... It is highly doubtful whether the American public, to take just one example, could ever accept that countries with oppressive autocratic regimes should vote on the monetary policy that would affect monetary conditions in the United States... . For such a bold step to work at all, it presupposes a certain convergence of political values... .
              Phrases such as, monetary coordination mechanisms, modern world economic order, convergence of political values, or new world order are not very specific. To the average person, they sound pleasant and harmless. Yet, to the insiders of the dub, they are code phrases which have a specific meaning: the termination of national sovereignty and the creation of world government. CFR member, Richard Gardner-another adviser to President Carter-explains the meaning of these phrases and also calls for the Fabian strategy of deception and gradualism. In short, the "house of world order" will have to be built from the bottom up... . An end run around national sovereignty, eroding it piece by piece will accomplish much more than the old-fashioned frontal assault. As for the programmed decline of the American economy, CFR member Samuel Huntington argues that, if higher education is considered to be desirable for the general population, "a program is then necessary to
              lower the job expectations of those who receive a
              college education." 1 CFR member Paul Volcker, former Chairman of the Federal Reserve, says: "The standard of living of the average American has to decline... . I don't think you can escape that." By 1993, Volcker had become the U.S. Chairman of the Trilat-eral Commission. The TLC was created by David Rockefeller to
              coordinate the building of The New World Order in accordance
              with the Gardner strategy: "An end run around national sover-eignty, eroding it piece by piece." The objective is to draw the
              United States, Mexico, Canada, Japan, and Western Europe into
              political and economic union. Under slogans such as free trade and
              environmental protection, each nation is to surrender its sover-eignty "piece by piece" until a full-blown regional government emerges from the process. The new government will control each nation's working conditions, wages, and taxes. Once that has happened, it will be a relatively simple step to merge the regionals into global government. That is the reality behind the so-called trade treaties within the European Union (EU), the North American Free Trade Agreement (NAFTA), the Asia-Pacific Economic Coop-eration agreement (APEC), and the General Agreement on Tariffs and Trade (GATT). They have little to do with trade. In the Trilateral Commission's annual report for 1993, Volcker explains: Interdependence is driving our countries toward convergence in areas once considered fully within the domestic purview. Some of these areas involve government regulatory policy, such as environmental standards, the fair treatment of workers, and taxation.

              This sets the stage for understanding the next phase of the game which is unfolding as these words are being written. It is the inclusion of China and the former Soviet bloc into the Grand Design for global government. As with all the other countries in the world, the primary mechanism being used to accomplish this goal-at least in the field of economics-is the IMF /World Bank.' The process is: (1) the transfer of money from the industrialized nations-which drags them down economically to a suitable common denominator-and (2) the acquisition of effective control over the political leaders of the recipient countries as they become dependent upon the money stream. The thing that is new and which sets this stage apart from previous developments is that the apparent crumbling of Communism has created an acceptable rationale for the industrialized nations to now allow their lifeblood to flow into the veins of their former enemies. It also creates the
              appearance of global, political "convergence," a condition which
              CFR theoretician, Richard Cooper, said was necessary before Americans would accept having their own destinies determined by
              governments other than their own.


              • bankers and communism

                Churchill was instrumental in rescuing Russia. Russia was then built into a huge bastion of communism. BUT, here is what Churchill had to say about socialism. "Socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy, its inherent virtue is the equal sharing of misery."

                One would suspect that the London bankers who financed the German military and Hitler hoped to make money from both sides until they were broke. Then, they would insure that Russia would eventually prevail and spread the good doctrine of communism. "Equal sharing of misery" pretty much describes life in Communist Russia.
                Churchill and Eisenhower were fooled. They starved many millions of Germans after the armistace so, the bankers got what they wanted.

                Democracy is socialism-lite. Socialism is communism-lite. Democracy has always failed because the populace always votes the whole treasury for themselves. So, democracy has the good effect of spreading out power and making it more difficult for a takeover. Democracy has the bad effect of breaking the treasury.
                The antidite for this negative effect is education. Educated people are less likely to bankrupt a country.

                You may have noticed that my spellcheck is not working. I leave you with this;

                ere's another trick from Doctor Dementia to test your skills ...

                I've seen this with the letters out of order, but this is the first time I've seen it with numbers. Good example of a Brain Study: If you can read this OUT LOUD, you have a strong mind. And better than that:

                Alzheimer's is a long, long, way down the road before it ever gets anywhere near you.

                7H15 M3554G3
                53RV35 7O PR0V3
                H0W 0UR M1ND5 C4N
                D0 4M4Z1NG 7H1NG5!
                1MPR3551V3 7H1NG5!
                1N 7H3 B3G1NN1NG
                17 WA5 H4RD BU7
                N0W, 0N 7H15 LIN3
                Y0UR M1ND 1S
                R34D1NG 17
                W17H 0U7 3V3N
                7H1NK1NG 4B0U7 17,
                B3 PROUD! 0NLY
                C3R741N P30PL3 C4N
                R3AD 7H15.
                PL3453 F0RW4RD 1F
                U C4N R34D 7H15.

                To my 'selected' strange-minded friends: If you can read the following paragraph, forward it on to your friends with 'yes' in the subject line. This is weird, but interesting!

                If you can read this, you have a strange mind, too.

                Can you read this? Only 55 people out of 100 can.

                I cdnuolt blveiee that I cluod aulaclty uesdnatnrd what I was rdanieg. The phaonmneal pweor of the hmuan mnid, aoccdrnig to a rscheearch at CmabrigdeUinervtisy, it dseno't mtaetr in what oerdr the ltteres in a word are, the olny iproamtnt tihng is that the frsit and last ltteer be in the rghit pclae. The rset can be a taotl mses and you can still raed it whotuit a pboerlm. This is bcuseae the huamn mnid deos not raed ervey lteter by istlef, but the word as a wlohe. Azanmig huh? Yaeh and I awlyas tghuhot slpeling was ipmorantt!

                If you can raed this frowrad it.


                • Originally posted by Danny B View Post

                  ere's another trick from Doctor Dementia to test your skills ...

                  I've seen this with the letters out of order, but this is the first time I've seen it with numbers. Good example of a Brain Study: If you can read this OUT LOUD, you have a strong mind. And better than that:

                  Alzheimer's is a long, long, way down the road before it ever gets anywhere near you.

                  7H15 M3554G3
                  53RV35 7O PR0V3
                  H0W 0UR M1ND5 C4N
                  D0 4M4Z1NG 7H1NG5!
                  1MPR3551V3 7H1NG5!
                  1N 7H3 B3G1NN1NG
                  17 WA5 H4RD BU7
                  N0W, 0N 7H15 LIN3
                  Y0UR M1ND 1S
                  R34D1NG 17
                  W17H 0U7 3V3N
                  7H1NK1NG 4B0U7 17,
                  B3 PROUD! 0NLY
                  C3R741N P30PL3 C4N
                  R3AD 7H15.
                  PL3453 F0RW4RD 1F
                  U C4N R34D 7H15.

                  To my 'selected' strange-minded friends: If you can read the following paragraph, forward it on to your friends with 'yes' in the subject line. This is weird, but interesting!

                  If you can read this, you have a strange mind, too.

                  Can you read this? Only 55 people out of 100 can.

                  I cdnuolt blveiee that I cluod aulaclty uesdnatnrd what I was rdanieg. The phaonmneal pweor of the hmuan mnid, aoccdrnig to a rscheearch at CmabrigdeUinervtisy, it dseno't mtaetr in what oerdr the ltteres in a word are, the olny iproamtnt tihng is that the frsit and last ltteer be in the rghit pclae. The rset can be a taotl mses and you can still raed it whotuit a pboerlm. This is bcuseae the huamn mnid deos not raed ervey lteter by istlef, but the word as a wlohe. Azanmig huh? Yaeh and I awlyas tghuhot slpeling was ipmorantt!

                  If you can raed this frowrad it.

                  wanted to share with you the following article as it shows the subtle game of influence the Banking Cartel plays its cards :

                  Masonic African Leaders: The Eurocentric Pseudo-Military Orders Ruling Africa – Rasta Livewire

                  You see in this world there's two kinds of people, my friend. Those with loaded guns, and those who dig. You dig.

                  The Good, the Bad and the Ugly - Wikiquote
                  or so they believe .....
                  Last edited by MonsieurM; 07-14-2013, 08:08 PM.
                  Signs and symbols rule the world, not words nor laws.” -Confucius.


                  • manipulation

                    MonsieurM, there are just not enough hours in the day to try to follow all the groups that are fighting for power. Have you read Juri Lina?
                    In a general sense, the smart people are trying to live well at the expense of the stupid people.
                    The Story of Your Enslavement - YouTube
                    It isn't so much that they are smart. They are smart and ruthless. Not being ruthless, we are at a disadvantage. Bill Still has written quite a biy about this.
                    The Secret of Oz - Winner, Best Docu of 2010 v.1.09.11 - YouTube
                    The answer is education to avoid manipulation.


                    • CONCLUSION

                      No Congress, no President has been strong enough to stand up to the foreign-controlled Federal Reserve Bank. Yet there is a catch - one that President Kennedy recognized before he was slain - the original deal in 1913 creating the Federal Reserve Bank had a simple backout clause.
                      The investors loaned the United States Government $1 billion. And the backout clause allows the United States to buy out the system for that $1 billion.
                      If the Federal Reserve Bank were demolished and the Congress of the United States took control of the currency, as required in the Constitution, the National Debt would virtually end overnight, and the need for more taxes and even the income tax, itself.
                      Thomas Jefferson was concise in his early warning to the American nation, "If the American people ever allow private banks to control the issuance of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the people of all their property until their children will wake up homeless on the continent their fathers conquered."

                      The Federal Reserve Bunk

                      H.R. 7837
                      P4g3 xxiiix, 53c. xxx. 7h3 r1gh7 70 4m3nd, 41t3r, 0r r3p341 7h15 4c7 15 h3r3by 3xpr3551y r353rv3d.
                      4ppr0v3d, D3c3mb3r 23, 1913.




                      • JFK and the bankers

                        JFK used America's silver bullion to back United States notes. He printed about $ 4 billion worth. This was done with executive order 11110.
                        Running 'Cause I Can't Fly: "JFK's Executive Order 11100 Abolishing the Federal Reserve"
                        7 days before he was assassinated, he promised to expose the plot to enslave all of us.
                        JFK also wanted to abolish the C.I.A.
                        The Existentialist Cowboy: Three Reasons JFK was Murdered

                        There was a long list of reasons to kill JFK. it seems that everone was in on it.
                        Connelly's Nephew Confirmed that JFK was Shot by Secret Service Agent Driving the Limo (Jan. 26, 2009)

                        The rest is history. LBJ stopped the printing 11 days after the assassination. Then the 4 billion ounces of silver was sold off to make sure that nobody else got any bright ideas. Dumping this silver depressed the market for decades. It finally ran out Oct. of 2005. This 4 billion ounces covered the shortfalls in production for many years. We use much more silver than we mine.

                        JFK wanted to get rid of the FED. The FED made FAR too much money to go off quietly. It was a giant cash-cow for the bankers. Compounding interest is the chains and manacles that hold us all. Here isa good exampe from Canada.
                        Canadian Banking System Exposed - Bill Abram - YouTube
                        The bankers have proved previously that they are more than willing to completely crash the economy to stay in power.


                        • Financing bankers

                          America got hit by a hurricane called low-wage competition. Mining, manufacturing and agriculture are the main value-added industries. Wages, of course, are not the only imput in the cost of goods. Here is a graph showing the relative wages.
                          Americans are more productive than the Chinese so that equals things out a bit. It turns out that America has an even bigger problem. 50% of the cost of everything that you buy is for interest. That is 87% for public housing and 19% for trash collection. The average of all upstream and downstream cost is 50%
                          With bankers and investors gobbling up half of everything, is it any wonder that America is not competitive in many sectors?

                          Proff. Kotlikoff says that our total unfunded debt exposure is $ 212 trillion. Much of this is for future liabilities and is not a current liability. Just like Canada, a huge part of this is for interest.

                          Back to Chinese wages. Bernanke said that he would print currency until unemployment dropped to 6.5%. He left it at that. Currency wars are fought with wages. When Bernanke prints, the "extra" money is NOT going to flow into wages. It will flow into stocks, bonds, and commodities.. The inflationary money is said to "lift all boats". It doesn't lift wages in the face of global-wage arbitration.
                          Seen from ground level, lifting all the other boats is nothing but a wage cut. A wage cut makes our products cheaper. Bernanke will cut our wages until we work cheap enough to compete with the Chinese. The biggest cost sector is INTEREST, NOT wages.
                          To make a long story short, printers worldwide are cutting wages to preserve market-share in manufacturing. Our leaders are driving down wages to compete. The currency wars are a race to the bottom.
                          it is one HUGE race to see who is the suuppidist.

                          America has cut wages (inflated prices) so much that it has killed off the consumer economy that had previously accounted for about 70% of the total economy. People cut back to only buying essentials. Discretionary spending stops for a big number of people. This shrinks the economy even more. Nobody has consumptive power.

                          What about China? China now has 64 million empty residential units. It is an unavoidable fact; the common man must be able to afford a common house. China is in the process of building 60 international airports that it doesn't need. China moved 300 million self-sufficeint peasants off the land and into the cities. They keep building to keep the peasants employed.
                          There is a huge gap between their productive power and their consumptive power.

                          Many millions of jobs have been outsourced here and it has diminished income to GOV from taxes. The solution is simple, raise taxes.
                          U.S. Politicians to American Companies: Either Move Out or Go Bankrupt! | Economy In Crisis
                          Many studies over the years have proved clearly that taxes reduce the economy. The figure given is $ 2.50 to $ 3.00 reduction for every additional 1$ of taxes.

                          As GOV prints, wages go down. As GOV borrows, the debt slows the economy down. Inflation is now about 9.8% (Shadowstats). reportedly, The U.S. dollar has lost 97% of it's value since the FED took over. That is the accumulation of wage cuts over the years.
                          Where did this inflation come from? The Grace Commission under Ronald Reagan reported that not one penny of tax went to GOV. ALL of it went to the FED. The FED is controlled, for the most part by London bankers. GOV had to get by just from printing new money. OK, GOV inflated to pay the bills. The FED taxed to pay the bills.
                          BUT, taxes are falling greatly.

                          Enter Obamacare. It is enforced by the IRS. The IRS is the enforcement arm
                          of the London bankers. (FED). As the economy slowed down, the bankers went into overdrive with the printing presses to make up the difference. This graph shows printing accelerating during our current depression.

                          The bankers push global warming,,, AKA cap-and-trade. That isn't working out too well. They are pushing obummercare but, it is DOA because of too many problems that doom it from the start. There is already a plan in the works to have all the pension funds buy all the GOV bonds. It worked fine in Argentina.

                          The London bankers have put our presses into hyperdrive to try to maintain empire. One way or another, they are going to squeeze every farthing out of us. They are a bit nervous about all the guns we have. There are about 300 million weapons, 21.5 million veterans and about 40 million well -armed hunters.
                          If you plan to chop at the root of evil, start at Threadneedle street.


                          • All the money,, all the time

                            Job number one for the bankers is to convert their funny-money into tangible assets. You sign for a loan of $ 100,000. Here is what you get;

                            "For example, a $100,000 loan with a 6 percent interest rate carries a monthly mortgage payment of $599. During the first year of mortgage payments, roughly $500 each month goes to paying off the interest; only $99 chips away at the principal. Not until year 18 does the principal payment exceed the interest.

                            . The downside of spreading the payments over 30 years is that you end up paying $215,838 for that original $100,000 loan."

                            So, the bank gets a pretty good chunk of return for money that they never invested. In the best-case scenarion ( for the banker), you default after paying many thousands of $ interest,,, the bank takes the house, and sells it again. Logic and arithmetic tells you that a bank makes out best if you default. They take posession. Bankers are logical. How to speed up the default process??

                            Bankers have always force-fed credit to people in a periodic fashion. In the run-up to the housing crash, ANYBODY could get a loan. The end result was that a LOT of extra houses got built. It was obvious that competition from the BRICs would crash American wages. The houses had to be built before the crash commenced. Greenspan accomodated.

                            When the bankers deemed it the best time, they shut off credit,,, at the same time that wages crashed. The planned default came en masse,,, right on schedule.
                            Their balance sheets took quite a hit so they forced congress to cough up $ 700 billion of TARP money. Rather than repairing their balance sheets, they used the money to buy other banks. Default was the name-of-the -game. The new problem was that there were far too many houses and the value was due to drop a LOT. No problem,,, they just sold the houses to GOV at $ 100% of claimed value.

                            This pump-and-dump scheme has gone on for many decades. It is done in RE, stocks and commodities. The banks distribute phantom money and reap real rewards. This isn't just for you and me. They do the same for GOV.
                            The banks loan tons of money to GOV,,, as much as possible. GOV eventually defaults. The banks privatize national assets. Eventually, GOV taxes the snot out of workers to buy back what the taxpayers had already paid for before.
                            Wash, rinse, repeat.

                            The banks collect compounding interest on money that they never had. The compounding interest burden quickly makes the interest amount greater than the original principle.
                            One big "secret" is; how do banks get away with loaning money that they don't have? If the banks loan you money to build a house, THEY cut the checks for the contractors. BUT, the contractor and the building material supplier LEAVE the money in the bank. The make-believe money never leaves the bank.

                            When FDR outlawed the hoarding of gold, he also outlawed the hoarding of cash. Our system depends on money forever circulating, while at the same time, never exiting the banking system.

                            The banks want to insure that your cash is where they can get it. If you have cash, it is obviously the proceeds of criminal activity.
                            Highway Robbery: Tennessee Police Are Seizing Cash From Out-of-State Visitors In Policy Called “Policing For Profit” | JONATHAN TURLEY
                            The cops have teamed up with the tax authotities.
                            If it isn't drug money, then obviously it is money for terrorists.
                            Israelis, in Raid on Arab Banks, Seize Reputed Terrorist Funds -

                            The police are constsntly raiding private vaults and claiming that all the stash is drug money. The end result is that people are afraid to keep money outside the banking system.

                            Just to make sure that you don't make an inconvenient withdrawal, your bank deposit is a LOAN to the bank. They can make you wait for a few days to make a withdrawal. Just to make sure that you aren't wasting any of "your" money, the banks sweep ALL acounts and take the money to invest,,, every night.
                            Sweep Account Definition | Investopedia
                            Keeping cash at home is their worst nightmare,,, so do it.


                            • poverty statistics

                              This is a collection of links to poverty statistics. Hopefully, this will induce you to not spend money that you do not have. As the economy unwinds, you never know who will be the next to lose a job. One thought to keep in mind; America is sliding towards a VERY low global wage. The bankers are trying to keep our previous price structure even though our wage structure is crashing.

                              Globalism and the standard of living
                              Prison » Global Economy? 23 Facts Which Prove That Globalism Is Pushing The Standard Of Living Of The Middle Class Down To Third World Levels

                              2 year old statistics;
                              Prison » 15 Statistics Which Prove That The U.S. Economy Is In Much Worse Shape Than Most Americans Think

                              1 year old statistics;
                              Prison » Thanks Obama – Here Are 24 Stats That Show How Much You Have Royally Messed Up Our Economy

                              Today's statistics;
                              Prison » 40 Stats That Prove The U.S. Economy Has Already Been Collapsing Over The Past Decade

                              As Americans get poorer, the banks get poorer. GOV prints money to make up the difference,,, for the banks. BUT, currency is NOT wealth.


                              • China

                                Quoting myself;
                                " China moved 300 million self-sufficeint peasants off the land and into the cities. They keep building to keep the peasants employed.
                                There is a huge gap between their productive power and their consumptive power."
                                Everywhere you look, you see the economy faltering because people just don't have purchasing power. The PTB can starve us out but, they con't keep the economy going. The IMF has now come out and said (China); "in need of a dramatic round of restructuring to put more of the country’s wealth in the hands of families and private businesses."
                                China economy 'unsustainable': IMF | The Japan Times

                                This can be said for many countries. China's birth rate is 35% below replacement. Many Western countries have a shrinking population. When they rob us blind, we refuse to have children. America has terrible poverty statistics for families with children.
                                The IMF is responsible for economic rape of dozens of countries. Apparently, the have come to the conclusion that consumer poverty and a demographic crash will destroy the fractional-reserve banking system.