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  • War and the economy

    A Rand corporation report back in the 60s? claimed that prosperity would ruin Americans. We would become slothful and stop producing. A later report, "The Report From Iron Mountain" that is widely regarded as a hoax claims that America needs continuous war to keep the country healthy and cohesive.
    Report From Iron Mountain, Part 1
    Both Iron Mountain and the Protocols are widely claimed to be hoaxes. Both seem to be a big part of the current operating agenda.

    There is no denying that America seems to be on a permanent war regime. Here is a very disturbing Doc from NASA, Langley ALL of you know what else is headquartered in Langley.
    The Doc explains all about future wars. It does not explain WHY we need future wars. In the machine-age, there is plenty for everyone who lives in a country that is industrialized. It may not be distributed evenly but, it is there.

    The Machine Age CAN supply us with abundance. Since we live with capitalism, slowly morphing into fascism, everything must be paid for. Evereyone must work, be productive and pay for what they receive. Agriculture, mining and manufacturing are the main value-added industries. Since these industries are highly mechanized and automated, they don't employ enough people. The answer is simple. Manufacture stuff and DESTROY it. Then, there is demand again. Shumpeter expounded on this idea.
    Creative destruction - Wikipedia, the free encyclopedia

    The war in Indo-China proved that it works,,,,, forget about wasting resources. These wars are employment schemes. 53% of Americans receive a check from GOV. Everyone from defense contractors to welfare recipients. GOV writes 80 million checks a month.

    The war-on-drugs is an endless jobs program that can never be won;
    Retired Police Captain demolishes the War on Drugs - YouTube
    It sends LOTS of money to the prison industry and the legal system
    Law Enforcement Against Prohibition - YouTube

    The war-on-terror is shaping up to be a big jobs program. The DHS budget has grown from $ 3 billion to $ 60 billion.
    The U.S. military is the biggest user of oil in the world. Suppose the U.S. military just packed up and went home? It's not like anybody is going to invade us. Think about all the thousands of bases that would close. All the thousands of defense (offense) contractors who would be idle. All the oil that wouldn't be pumped or burned.

    Employment is crashing in America so, GOV compensates by expanding the wars. GOV sent planeloads of CASH to Iraq to try to get it injected into the economy.
    Debt can be repaid if it is used for investment. Debt is not likely to be paid back if it is used for consumption. If debt is created to pay for creative destruction, that is the worst. It is an act of pure desperation. There is no solution for automation. GOV is certainly desperate. They don't want us to become prosperous and lazy. They don't want us to be jobless.

    Endless war is the answer. We gained NOTHING in Viet Nam nor Afghanistan. It was one big program of creative destruction and jobs. The cost of the recent wars was about $ 15 trillion,,,, very close to the claimed national debt. There has to be a better way.


    • This is one important quote from the Iron Mountain Report; "The report goes on to say, “…the war system cannot responsibly be allowed to disappear until…we know exactly what we plan to put in its place…The possibility of war provides the sense of external necessity without which no government can long remain in power…The basic authority of a modern state over its people resides in its war powers."
      The Illuminati Depopulation Agenda | LEFT HOOK by Dean Henderson
      This is the driving rationale behind a GOV terrorizing it's own citizens. Keep everybody insecure and impoverished and they will demand that GOV take it all under control and "fix" it.

      The debt problem and the banker problem has been around a long time;
      "The problem is by no means new. Thomas Edison summed it up very neatly in 1921: "[Henry Ford] thinks it is stupid, and so do I, that for the loan of $30m of their own money the people of the United States should be compelled to pay $66m – that is what it amounts to, with interest … It is absurd to say that our country can issue $30m in bonds and not $30m in currency. Both are promises to pay; but one promise fattens the usurer, and the other helps the people.""
      If you think you know what 'debt' is, read on | Alex Andreou | Comment is free |

      Jim Willie writes about the BRICs development bank. Their initial funding is U.S. Treasuries BUT, "It will issue Gold Trade Notes used as Letters of Credit. It will serve as a grand processing plant to convert emerging nation FOREX reserves (principally USTBonds) into Gold bullion stored at the central bank. Prepare for a global dump of USTreasury Bond, returned to sender with prejudice and hostility."
      Extreme Gold Market: Supply vs Demand

      This would mean that U.S. Treasuries would be cashed out , rather than rolled over. They would be cashed out until/unless U.S. GOV defaulted. Either way, this would bring a crash of both U.S. GOV and banking. We can only hope that a crash of U.S. GOV would prevent the GOV from paying the wages of all the people with guns. Imaghine the FBI and CIA holding congress at gunpoint to collect wages.

      Things aren't getting any better for the middle class.
      Activist Post: 44 Facts About The Death Of The Middle Class That Every American Should Know
      The truth is that America will start wars with any country that threatens the petro-dollar. "Nine months ago, Russia and China threatened the United States with war if they invaded Syria and/or Iran. This is well documented. It is also well-documented that this conflict between Iran and the United States was over the preservation of the exclusive use of the Petrodollar."
      +Why Was Michael Hastings Murdered? | Dave Hodges – The Common Sense Show
      The petrodollar is dead anyway. This site has a graph showing that Venezuale has more oil than Saudi Arabia.
      The Epic Fail of the IsraHell State |  SHOAH

      They just made a HUGE oil find in Coober Pedy, OZ.
      No Cookies | The Advertiser
      Then, there are enormous oil fields; search "oil kitchen". The artificial scarcity of oil is coming to an end. When they did the original exploration in the North Slope of Alaska, the original lease was for an area 10 MILES SQUARE. They had to be very careful to not discover too much. Look at the giant petroleum reserve in Alaska. Look at Prudhoe Bay. Prudhoe Bay isn't even inside the reserve. NPRA

      Brazil and Russia are finding deep-oil where there was though to be NO oil. The petro-dollar is dead. I hope that the London bankers die with it.


      • What do you think that is really important for you? To most people they think that independence, privacy and safety is really of great importance to them and they also want to ensure them and so not want them to steal or risk by others that have somehow bad opinions on them. And how can they achieve this goal? Then the GPS jammer can be the best and first choice.
        Last edited by JerryMarcinko; 08-03-2013, 02:52 AM.


        • problem here,,, a problem there

          I hadn't really thought of a GPS jammer but, I do have a Dan Wesson.

          I already posted the link about the old gold markey dying. FOFOA
          The idea of a fractional gold system is ridiculous becasue 100 people can't own the same physical asset. That is dying.
          My Blog
          LLoyd Balnkfein from GS says that the worst is going to happen;
          » Goldman Sachs CEO: The Worst Case Scenario ‘Absolutely Will Happen’ Alex Jones' Infowars: There's a war on for your mind!

          I posted links that show that much of the trade system is referenced to the price of gold. Can the dollar system hold together if the gold reference system fails? Catherine Austin Fitts says, NO.
          Old System Struggling and Dying-Catherine Austin Fitts | Greg Hunter’s USAWatchdog

          Bernanke is doing everything in his power to force interest rates down. Everyone is afraid of what will happen when rates go up.
          The Most Important Number In The Entire U.S. Economy


          • Debt seniority

            Debt seniority in the case of bankruptcy was established long ago. About 4300 years ago. United Kingdom insolvency law - Wikipedia, the free encyclopedia
            First in line has been company employees. Next in line is the company that organizes the proceedings of insolvency.
            In the case of municipal insolvency like Detroit there is a long established pecking order.
            Detroit owes money to investors and stakeholders. This includes bondholders, employees and retirees. ALL of these entities have invested in the city. Centuries of case-law would pay off the inevstors equally.
            Bankers came along and wrote derviatives on City debt. They didn't actually invest anything. Thanks to regulatory capture, they got new laws passed.
            "For example, changes to bankruptcy laws in the US in 2005 assigned super seniority to all derivatives in the event of a bankruptcy. This gave derivatives holders the first claim to available assets in bankruptcy cases."
            Recipe for crisis - FM

            Those with nothing invested gain the most. In the case of Detroit, it appears that banks will get about 70---80%. The actual investors and stakeholders are expected to get about 7%.

            Chicago may be next on the hit list.
            "City of Chicago’s cash cushion plummets, debt triples"
            Municipal debt is a bit shy of $ 4 trillion.
            The ratings agencies have been lying about muni defaults. http://libertystreeteconomics.typepa...9743970d-450wi

            Meredith Whitney warned a few years ago about muni defaults. Now, Roubini is warning.
            US municipalities could default on $100bn of debt, warns Nouriel Roubini's thinktank | Business | The Guardian

            If a city goes bankrupt and the bankers take 70--80% of their cash, that would eventually destroy the city.


            • Bonds

              The U.S. Treasury sells bonds. Bernanke bought most of them to drive down interest rates. Investors bought bonds that paid 1.4% when the inflation rate was 4-5 %. They paid GOV to hold their money. Interest rates have gone up and many investors hold bonds that earn less than the rate of inflation. The value of these bonds diminishes every day and nobody can sell them.

              There is speculation that the bond market may force to end of new money printing. "When the bond market takes the printing press away from the Fed, life in America, and everywhere else where money printing is the main economic policy, is going to be very, very difficult. "
              It all goes back to bonds- MSN Money

              Almost all bond prices are referenced to Treasury bonds. "Municipal bonds are being absolutely crushed right now too. You see, when yields on U.S. government debt rise, they also rise on state and local government debt…."
              Bonds Getting Slaughtered, Interest Rates to Rise Dramatically, Economic Bubbles to Implode | munKNEE

              This article points out the extreme importance of gold. There is a chart showing money printing, GDP and credit. Nixon closed the "gold window" in August 1971. You can see the huge divergence on the chart start at that approximate date.
              Economics Can't Trump Mathematics & the Math Says US In a Debt Death Spiral | munKNEE


              • Gold

                Just a quick mention of gold. In the last 2 weeks, the COMEX delivered 37 tons of gold. All they have left is 36 tons.


                • Say's law, Debt money and Jim Rogers

                  Jim Rogers is a very rich and very smart investor. Jim Rogers - Wikipedia, the free encyclopedia
                  He came out with his latest advice a couple of weeks ago, ""Run for the Hills Now, I'm Doing It."'
                  Re:debt money. Bill Bonner, "A credit-backed money system has never worked in the modern world. and none has ever survived a full credit cycle."

                  Say's Law;
                  "Since US dollars were now the cornerstone of the international monetary system, they were in demand. The US dollar itself became America's No. 1 export, with the highest margins of any export item ever produced.

                  Say's Law, however, tells us that "products are paid for with products" - you have to produce things in order to be able to buy things. That is normally true. But not when you're printing up the world's reserve currency. Then you have the exorbitant privilege of needing only to produce "money."

                  The factories that would normally have fabricated the products needed to buy other products from other people in other places decamped to other places themselves. Between 1978 and 2010, the Bureau of Labor Statistics tells us the that the US lost 78% of its workers in the garment industry, 69% of those in "primary metals," 67% of those in the textile industry and 26% of those in "transportation equipment."

                  To look at it another way, the accumulated trade deficit since 1971 is roughly $8 trillion. That's how out of balance the products-for-products exchange has been.

                  The foreigners produce the products; Americans produce only money. Imagine that the labor component of the products is 50%. That means US workers have lost out on $4 trillion worth of income. Share that out among the entire male workforce and each one would be $80,000 richer. More importantly, had it not been for the wholesale loss of American manufacturing, Americans would now have more jobs and higher wages."

                  Currently, GOV is rescuing the banks and the banks are buying GOV bonds to rescue GOV. It works like this;

                  Even the FED is losing a lot of money.


                  • FED money printing was growing exponentially. NOW, it is growing hyperbolically. "FED’s policy has doubled a money supply measure like M1 in just 4 years. That’s a rate of 18 percent a year."
                    Keep in mind that the "first spenders" don't feel price inflation like the rest of us.
                    "According to Fed data, Goldman Sachs, JPMorgan Chase and Morgan Stanley held $35.2 billion in physical commodities at the end of last year. "
                    CFTC's Chilton says he won't back current Volcker Rule
                    OK, so the banks get free money and slosh it EVERYWHERE. The S&P is at an all-time high even though earnings are at a 3 year low. Banks buy commodities and speculate. This drives up the price for everybody. Speculation adds about $ 26 to every barrel of oil.

                    Wages and purchasing power have crashed at the same time that the bankers (FED) are printing up $$$$$$$$$$$ and driving up prices. The bankers are trying to save debt from default by adding in even more interest-bearing debt. It is often claimed that we are passing this debt on to our children. Not true. The interest load grows so fast that the debt will never be repayable.

                    Most countries are in a currency war and are printing like mad. America is actually a bit slow at this. Japan is in hyperdrive. America hopes that with a little less printing, people will flock to the dollar as the least-worse currency. America pushed Japan to print and is now pushing the EU to print.
                    Top Fed economist slams 'incoherent' ECB - Telegraph
                    2/3 or more of American currency circulates outside the country and GOV does not want it coming home.
                    Prices are going up and purchasing power is going down. The economy is shrinking and GOV is trying to rescue an ever-growing pile of debt. It has never worked in history.

                    "This brings us back to the U.S. as having the world’s reserve currency. It is now clear that its time is very limited. U.S. deficits continue to grow and they are currently growing exponentially. Bernanke has achieved in just 7 years what it took the U.S. 200 years to achieve in terms of debt. But this is nothing compared to what we will see.

                    Debt in the next few years will not grow exponentially, instead debts will grow hyperbolically. This is because it will be necessary to finance the U.S. government’s deficits, a failing financial system, and to finance the collapse that is still to come in the one quadrillion dollar derivatives markets. All of this will lead to the end of the U.S. dollar as the world’s reserve currency."
                    My Blog

                    The total U.S. debt is just under $ 60 trillion. Unfunded liabilities brings it to about $ 230 trillion. U.S. National Debt Clock : Real Time
                    Bummer !


                    • Bowles and Faber

                      Bowles says that we get hit by a $ 7.7 trillion economic event this december.

                      Marc Faber says that it will be hyperinflation or a big collapse.
                      Marc Faber Spells it ALL OUT in 6 minutes - YouTube

                      Marc faber talks about the distortions caused by money printing.
                      Marc Faber on shadow banking, market psychology, & the global impact of American monetary policy - YouTube

                      Marc faber even gives practical advice;
                      "According to Faber, what’s coming down the pike will be much, much worse than any crash we’ve seen in our lifetimes, which is why he’s previously recommended high voltage electric perimeter fencing and attack dogs as investments, along with farms outside of high population areas and machine guns to defend them."
                      Either Through War Or Financial Collapse: “It Will Be Very Painful” | End Time Info
                      The preppers may be right or they may be wrong.
                      How Horrific Will It Be For The Non-Prepper?


                      • Fema ?

                        Just a short note;
                        "The Federal Emergency Management Agency (FEMA) is contacting storable food suppliers requesting immediate delivery of food reserves within a 24 hour period, increasing suspicions that the federal government is accelerating its preparations for social disorder or an environmental calamity."
                        » FEMA Demanding 24 Hour Delivery of Emergency Food Reserves Alex Jones' Infowars: There's a war on for your mind!


                        • GDP vs, credit

                          The bankers have had a great year and are getting great bonuses. Who paid for these bonuses? "By driving real interest rates below zero for the last four years, Bernanke has stolen $400 billion per year from senior citizens living on the edge and transferred it to bloodsucking bankers."
                          "The guilty parties are still at large, richer than they were before this crisis and probably thinking that the next crisis will make them even richer.” – Dimitri Orlov – The Five Stages of Collapse"

                          Getting the credit boom into perpsective;
                          "Credit card debt grew from $5 billion in 1971 to $856 billion today, a 17,000% increase in forty-two years. GDP rose from $1.2 trillion to $16.6 trillion, a mere 1,400% increase. Real GDP only grew by 300%. Wages have grown from $600 billion to $7 trillion, a 1,200% increase. Real disposable personal income per capita grew from $17,200 to $36,800, a 200% increase."

                          GDP rose by 1400% but, real GDP grew by only 300%. While credit card debt grew by 14,000%. We have certainly been having a good time.
                          "Bernanke will eventually roll craps. When he does, the collapse will be epic and 2008 will seem like a walk in the park. In Part 3 of this article I will speculate on the timing, scope and consequences of the coming collapse"
                          TRYING TO STAY SANE IN AN INSANE WORLD – PART 2 « The Burning Platform


                          • Bernanke prints currency to drive down interest rates. His printing creates inflation and investors demand higher interest to compensate. If the FED stops printing, it crashes fast. If the FED keeps printing, it crashes slower.
                            Billionaire Issues Chilling Warning About Interest Rate Derivatives
                            With interest rates low, the banks have no income and need a continuous supply of new money. With high interest rates, the $ 441 trillion of interest rate swaps all collapse.
                            I can understand why Bernanke is leaving. I can't understand why anybody else would want the job.


                            • In a general sense, commerce wants stability in all things monetary. Since bankers are parasites, they don't do well with order. They make a lot more money with war. Certain industrial segments want war for profit. Politicians are the worst at creating monetary instability. They make promises to get elected. In a general sense, the non war-related industries are trying to survive the predations of the politicians and the war industries.
                              When the economy is crashing, politicians start wars to divert attention from their mis-management.

                              In 1944, a group of banking PTB met in Bretton Woods to hammer out a banking agreement that would bring stability to commerce. It was agreed that America would have the reserve currency because America had most of the gold. The politicians were FAR too crooked for the crooked bankers and, gold would be used to bring discipline. The U.S. constitution mandated the same thing but, various powers had previously broken the chains of gold.

                              Once more, the London bankers and their sycophants have brought us to the brink of world war. They had a LOT of help from the war-related industries that Eisenhower warned us about. The war industries justified their expenditures in that it created jobs. The recent wars cost about $ 16 trillion and our claimed national debt is about $ 16 trillion.

                              You may have noticed that when the U.S.S.R. collapsed, NOBODY invaded. The same is undoubtedly true for America. We could get rid of most of the offence industry and not have to fear invasion. We work hard to create enemies both real and imagined. This justifies war spending.

                              The sequestration is reducing military expenditures.
                              Both the armies and the war industries are unhappy about this.
                              Aaron Cantor
                              " As A country,we are in Mortal Danger"
                              "Provost Marshall should be arresting the entire Congress and Senate, as well as the Supreme Court for abrogation of their sworn oath of office"

                              "Thank your lucky stars it is not up to me, or every one of you slimy, slithering serpents would be doing life in Leavenworth for the many acts of treason you have, and continue to commit on the American People and our once great country."
                              As A Country We Are In Mortal Danger! | Eyes on

                              World domination is a big chess game. America is losing badly. America has no way to force China, Russia and Iran to continue to price oil in dollars.
                              In this chess game, the castles are becoming FAR more vulnerable.
                              10 China Launches Missile Off Coast Of California - YouTube
                              In this chess game, knights are becoming FAR more powerful. One knight is named , ONYX.
                              Russian Super Sunburn SS-N-26 ONYX Missiles Make US Navy Obsolete & US Attack on Iran Suicidal
                              One is named, Sunburn.
                              The Sunburn - Iran's Awesome Nuclear Anti-Ship Missile

                              The Pentagon refuses to build any new ships for the navy if they can't be protected. The new laser defense just can't handle large numbers of targets. This is "checkmate" for the petrodollar. Both Switzerland and Great Britain have done currency swaps with China. This is an admission that the dollar does not have long to live.
                              American "gunboat" diplomacy is coming to an end.
                              Above all else, capitalism is efficient. War has been proven to be wasteful. As America crashes, it can not afford to be wasteful.

                              Cantor says that we need to counter China's rise in the Pacific. China's preferred rise is as a trading empire, not a belligerent empire. Belligerence is wasteful. Banking serves very little purpose and is trying to drum up more business.
                              004 - Video - Bank Control the Conflicts by the Debt Wars Create - YouTube

                              The London bankers started WW II because Britain was losing market share. America is now losing market share. The rest of the world is united against us. We threatened to bomb them back to the stone age but, the chess game has gotten out of our control.


                              • Power groups and bogus debt

                                Our modern financial system is quite complicated. The controlling PTB need to keep us somewhat happy. They inject a bit of money here and a bit there. It's free money so, they have plenty of it. They need to keep the producers working and everybody struggling. The investors must be kept confident. Money must be injected because, money tends to flow away from those who are just trying to survive.

                                The PTB have to have secondary ways to inject money when wages don't quite do the job. The FED is clear that they are printing about $ 1 trillion a year to buy MBSs and CDSs.
                                Money Morning
                                They don't mention that they are buying up all the treasury debt that investors are dumping. Aside from injecting new money, GOV and bankers work to manipulate interest rates. A while back, there was a huge scandal about manipulation the LIBOR rate. This affected about $ 313 trillion in interest-bearing debt.

                                LIBOR was just one of a few scams. Next, there is the ISDA.
                                Abel Danger: ISDAfix Manipulation: Libor's Twin Brother - Conspiracy of Collusion and Price-Fixing - Screwing Around with World Interest Rates - ICAP's Brokers of Treasure Island - The Absurdity of Our Financial Infrastructure

                                Next, there is the "Plunge protection team". They have unlimited money at their disposal to keep markets of all types from falling.
                                Working Group on Financial Markets - Wikipedia, the free encyclopedia
                                They injected several $ trillions into the markets whenever they fell.

                                Next on the list of money-power entities is the "Exchange Stabilization Fund". There are some pretty interesting claims for the ESF.
                                "In a nutshell, the ESF is a slush fund beyond Congressional oversight"
                                "The Fed and the ESF are symbiotic, but the ESF is in charge. "
                                The US Treasury's Secret, a 75-Year-Old Fund and Its Dark History Exposed, page 1
                                There is a link to a very good article at the Daily Bell.

                                More on the ESF, " Officially in charge of defending the dollar, the ESF is the government agency which controls the New York Fed, runs the CIA's black budget, and is the architect of the world's monetary system (IMF, World Bank, etc)."

                                ESF; Federal Reserve is “Paper-Tiger”; Real Power held by Exchange Stabilization Fund | Adask's law

                                Peter Schiff seems to think that we are in for new problems.
                                Money Morning

                                Just to ensure that you make no mistake about the criminality of the bankers, here is a bit more.
                                "had the evidence of 2.3 trillion dollars in fake Treasury bonds from J P Morgan which were destroyed on 911."
                                "This is a separate issue from the bankers looting federal spending in departments ranging from Housing to the Department of Defense. HUD lost 77.2 billion dollars in the last two years of the Clinton administration. On 9-10-2001 Donald Rumsfeld said that he could not trace 2.3 trillion dollars in DOD spending."

                                "In June of 2010 approximately 17.3 billion dollars (at a rate of 4 billion dollars a week for 4.3 weeks) was stolen from unaudited government spending. But for the sake of believability I will cut that estimate by 3 billion down to 14.3 billion dollars. This helped run the deficit up from 53.7 billion dollars to 68 billion. So the Treasury in June of 2010 had to raise a total of 68 billion including the 14.3 billion of missing federal funds. The New York FED and the primary dealers sold a total of 211 billion dollars. If you subtract the 68 billion actually needed from the 211, you get a total of 143 billion dollars the bankers pocketed from the sale of phony Treasury bonds. Now go back and add in the 14.3 billion to the 143 billion and you get a total of 157.3 billion dollars the bankers stole in just one month from you."
                                Mr King Had 300 Tons Of Gold. After Selling 1,350 Tons, He Still Had 300 Tons Of Gold. |

                                OK, so banks created zillions of fake bonds and sold them for free cash. You and your kids are expected to work off this debt.

                                The bankers have a plan for them and you. Your GOV will go bankrupt and you will be left holding (and paying) the bill.
                                Can countries go bust? IMF created new form of modern mass slavery — RT Op-Edge
                                They have it all figured out for the future.
                                Doorbell - YouTube

                                Keep in mind that somebody, somewhere is holding a bunch of bogus treasury bonds. They will eventually be unhappy to learn the truth.