No announcement yet.

Economic pressures

  • Filter
  • Time
  • Show
Clear All
new posts

  • #31
    Return to a gold standard

    The topic of a return to a gold standard has been around ever since we left the gold standard. America left the gold standard to pursue empire. War is very expensive and can't be executed with a fixed-wealth economy. Wars, of any consequence, must be executed on credit.
    The capitalist West had a stronger credit rating than the socialist U.S.S.R so, we competed until they went bust.

    Foreigners hold $ 5.48 trillion of U.S. debt and $ 2.8 trillion needs to be rolled over in the coming year. The FED is on track to print $ 1.02 trillion in the coming year.
    The debt ceiling is reached in about Feb. The paralysis of the fiscal cliff was predicted by economist Dick Eastman. Should we have an equal paralysis for the debt ceiling, GOV will default.

    Pastor Lindsey Williams said that we were going to default in 2012. A few months ago, he related that there had been a change of plan and we would not default in 2012. It would take a lot of reading but, you would discover that pastor Williams has a history of very good accuracy.
    A default would probably be structured as a Force majeure.
    We would claim that we were broke and just were unable to pay. The general opinion is that this won't happen until Q2, 2013.

    There are very credible claims that GOV has stashed away several hundred $ trillion.
    CAFR1 Home Page
    Gary North claims that this is BS but, his arguments are worthless.
    There have been numerous situations in GOV where they claimed to be broke but the local CAFR report showed tons of mostly hidden money.
    A while back, the state of Wisconsin screamed that they were broke and had to do enormous layoffs. I went to the State website and clicked on the CAFR report. "Page not available" Check with your webmaster.

    When Orange county lost $ 1 billion and screamed BROKE, somebody dug into the CAFR report and found $ 16 billion in profitable investments.
    CAFRs: The BIGGEST Secret - $60 Trillion Invested By Fed, State, And Local Governments!
    The screaming died out and the money was ACTUALLY THERE.


    • #32
      Fighting deflation

      Keynesian economics demands unending growth in the supply of currency and credit. Americans are debt saturated and can no longer increase the quantity of new debt. The whole system depends on constant "money" growth. Where individuals have dropped out, GOV has taken up the quest.
      Keynesian economics can not survive deflation.

      When the Japanese RE bubble burst, commercial RE in Tokyo lost 99% of value. Residential RE only lost 90%. The stock market crashed, etc.
      Nothing worked and prices kept dropping. GOV tried enormous infrastructure projects. Just temporary.
      Shinzo Abe, the new prime minister said that he is going to print with wild abandon. Politicians try proven bad ideas when they run out of good ideas.
      The Japanese put all their savings in the GOV postal bank. Those savings are gone. They were given to the bankers. Japan has to roll over $ 3 trillion dollars worth of yen bonds.

      Bernanke said that he could always avoid deflation,,, even if he had to drop money from helicopters. Truth is,,, he only dropped money to those in the upper loop. For a professor from Princeton, he's a pretty stupid guy.
      The upper loop doesn't produce. They expect to invest their free money (ZIRP) and reap the rewards for being well connected.
      The lower loop that does all the productivity is shrinking every day.
      Daily Job Cuts - Layoff News , Job Layoffs 2013 / 2012 , Bankruptcy, Store closings, Business Economy News

      On average a barrel of oil is sold 41 times before it is consumed. The speculators add about $ 26 to every barrel. This is where the upper-loop money bleeds over to the lower loop. Aggregate consumption in America is declining as speculators are scrambling for "return."
      Fresh-ink money bleeds into the producing economy and inflates prices.
      Since the consumer is cutting back, price hikes in necessities reduces money available for discretionary spending.

      The CB is trying to stop deflation by letting free money from the upper loop infuse into the lower loop. The very predictable outcome is that consumption goes even lower as spending concentrates just in necessities.
      Reagan formed the Plunge Protection Team to pump $ trillions of cash directly into the markets.
      Working Group on Financial Markets - Wikipedia, the free encyclopedia
      The currency has been inflated but, there is no increase in wealth.

      The proposed fiscal cliff "solutions" will cut down on the money circulating in the economy. This will bring more deflation. The debt ceiling was supposed to hit in February. Now, it is expected in a few days.
      Mish's Global Economic Trend Analysis: US Hits Debt Ceiling Limit on December 31; Geithner Unveils Treasury Plan to Buy More Time
      I suspect that this miscalculation was done on purpose so that congress could hem and haw and let everything crash.
      Mish's Global Economic Trend Analysis: US Hits Debt Ceiling Limit on December 31; Geithner Unveils Treasury Plan to Buy More Time

      10,000 people a day sign up for SS benefits for the next 19 years. Medicare is growing even faster. GOV wants to cut it's liabilities. Unfunded liabilities grow at over $ 7 trillion a year. GOV will eventually let it all crash and then pick up the pieces. It just won't pick up very many of them.
      The FED is printing wet-ink money to keep GOV going. That plan has never worked in the long run. There is always talk about things crashing.
      Ex-Feds & Wall Street Execs Are Going Into Hiding-Why? | Dave Hodges – The Common Sense Show

      The derivatives market will eventually blow. That will take down the banks.
      That will bring massive deflation. There is a lot of talk about hyperinflation.
      GOV is printing a LOT of money but, any big crash will take out most of the financial system. It will be hard to get all that electronic money into circulation. Americans spend 10% of their money on food. If everyone cuts back to basic survival goods, it will be close to impossible to cause hyperinflation. This is especially true when most other economies will crash too. ALL those paper assets will just evaporate.


      • #33
        Corruption and isolation

        Boris Yeltsin said it very clearly; Russia is controlled by organized crime. This is also true to a great degree for israel.
        America is where organized crime is most thoroughly entrenched. Companies like Brown-Ferris industries are completely built with Mob money. Organized crime manufactured the savings&loan crash. That netted them a cool $ 1 trillion but 1,000 people went to jail.

        Organized crime perfected regulatory capture to where NOBODY goes to jail.
        Money will buy any level of control necessary.
        The fiscal cliff is just the start of devices that will drain away the last of the wealth of Americans.
        The Structural Endgame of the Fiscal Cliff | Peak Prosperity

        Jim Willie has been writing for many years. He exposes a lot of corruption. His latest article shows very well how the rest-of-the-world is shunning the dollar.
        The Coming Isolation of USDollar
        This article covers a lot of ground. Jim's track record is VERY good.

        Japan is in serious trouble. Japan may be the spark that lights the powder keg. The other likely candidate is the derivative market.
        "The bottom line: $600 trillion in gross notional derivatives backed by a tiny $600 billion in real assets: a whopping 0.1% margin requirement! Surely nothing can possibly go wrong with this amount of unprecedented 1000x systemic leverage."
        Say Goodbye To The Good Life

        The fact is that once the ball gets rolling, there will be NOTHING left standing.

        The center of all this corruption and crime is in Langley Virginia. Even Ron Paul came out and said that the CIA was purely criminal. Since organized crime has a lock on the justice department, nobody (BIG) has to worry about going to jail. America is run by the "syndicate" and they are desperate. They are going to run it into the ground.
        In their effort to steal everything, they will eventually destroy ALL paper assets. At the end of the day the currency and bond market depends on trust.

        Jim Willie points out that the dollar is being shunned by the R.O.W.
        Think about what that means when America tries to roll over $ 2.8 trillion in bonds in the coming year.


        • #34
          Manufacrured banking collapse

          Most of you already know about the collapse in Argentina. Adrian Salbuchi is an economist and prolific writer from Buenos Aires. He has lots of vids and articles. Argentine was looted as a practice for bigger countries.
          The Coming World Government by Adrian Salbuchi
          Adrian frequently talks about a new-world-order. So does everyone else. Truth is, everybody has a different idea of how this order is going to be "Ordered".

          If you read the article from Jim Willie, you can see that Asia wants NOTHING to do with the West. The West screwed the East big time with the Asian Currency crisis.
          America is the bastard child of the declining British empire. The same empire who used India as a greenhouse to grow opium and enslave China. The Chinese emperor begged the British Crown to cease and desist. Then, they fought the Opium Wars to ensure the continued trade.
          The British used the Lanteen sail and the Chinese used the square sail,,, so, the British always won.
          You can bet that the Chinese haven't forgotten any of this.

          There will be a NWO alright. The 2 billion Asians are going to do their best to keep America at a distance. They plan to trade with Europe but, not America. America is saturated with crooks at all levels.
          The Farce Is Complete: In The Case Of Countrywide, Congress Finds Itself Innocent Of Being "Friends Of Angelo" | ZeroHedge
          The West is all hot air and lies,,,, no wealth.
          Largest Central Banks Now Hold Over 15 Trillion in Fictitious Capital | Russ Winter | FINANCIAL SENSE

          This is a very good vid that lays it all out from the initial setup to the final screwjob.
          DOCUMENTAL INSIDE JOB on Vimeo
          The bankers do it over and over. Since all the laws are tossed in the trash,,,, they rob everybody without breaking any laws.

          The criminals have been marvelously successful and have no inclination to stop. Though they have started to notice that "pickings" are getting a bit slim. The criminals/bankers instituted zero % interest so that people would lose part of their savings to price inflation. This motivates people to take their money out of safe investments that pay NO interest and put the money into risky investments,,,, where the bankers can steal it.

          America will soon get austerity so that the money can be squeezed out for the bankers.


          • #35
            Banking and economic changes

            This is a lot of reading but, it is very informative.

            This link talks a lot abut changes that are expected to come in the future;
            Monumental Change is Coming for Most Americans – Here’s Why |

            A vid called Meltdown;
            Charleston Voice: Meltdown:The Secret History of Global Financial Collapse - Video

            This is an article comparing current circumstances to the time of the "Tulip Mania".
            CRASH 2: Why we are approaching The Tulip moment. | A diary of deception and distortion

            A 2 part article on the Petro-dollar;
            Preparing for the Collapse of the Petrodollar System |

            The great reset;
            Guest Post: The Great Reset | ZeroHedge

            Strauss & Howe, "The Fourth Turning"
            YOU AIN’T SEEN NOTHING YET – PART ONE « The Burning Platform

            Good graphs on the supply and velocity of money;
            The Trouble with Money | Peak Prosperity

            Great graphs showing that ALL income is falling but, GOV is increasing spending for war and the police state.
            The Great Western Revenue Crisis, Part I (INDEXSP:.INX, NYSEARCA:SPY) | ETF DAILY NEWS

            The Anglo-American empire;
            All Four Wheels Come Off The Anglo-American Juggernaut | Cosmic Convergence 2012

            an interesting observation on war;
            "“Should government refrain from regulation (taxation), the worthlessness of the money becomes
            apparent and the fraud can no longer be concealed.” — John Maynard Keynes, “Consequences of Peace.”"
            Emergent Culture – UNDERSTANDING BANKING, The Monetary System And Why We Must Reform Them

            A good explanation of why economic theory never seems to work out as expected;
            Remarks at the Festival of Economics, Trento Italy | George Soros

            The Dallas FED reports honestly that all this easy money is going to bring a crash;
            Dallas Fed QE

            Observations on the stock market;
            "The return/risk profile of the Standard & Poor's 500 Index has dropped to its lowest point of the last 100 years, according to mutual fund manager John Hussman."
            Value Investing- John Hussman: This is the worst time to buy in 100 years

            The Bank for international settlements and the 8 families;
            "BIS promotes an agenda of monopoly capitalist fascism. It gave a bridge loan to Hungary in the 1990’s to ensure privatization of that country’s economy. It served as conduit for Illuminati funding of Adolf Hitler- led by the Warburg’s J. Henry Schroeder and Mendelsohn Bank of Amsterdam. Many researchers assert that BIS is at the nadir of global drug money laundering. "
            Swiss Bankers, BIS & The House Of Rockefeller « LEFT HOOK by Dean Henderson


            • #36
              Originally posted by Danny B View Post
              This is a lot of reading but, it is very informative.

              This is an article comparing current circumstances to the time of the "Tulip Mania".
              CRASH 2: Why we are approaching The Tulip moment. | A diary of deception and distortion
              Thank you Danny B , the Tulip Mania event is one of the most fascinating economic event ..... as it highlights quite well the "mania" behavior of any economic market ..... thank you again for bringing it up
              Signs and symbols rule the world, not words nor laws.” -Confucius.


              • #37
                Bubbles and interest

                Monsieur M. You might also read up on the South Seas Bubble. Even some one as smart as Isaac Newton got taken in.
                Isaac Newton and the Law of Gravity |

                "As a general rule the most successful man in life is the man who has the best information."
                Benjamin Disraeli
                We live in the information age. It is more difficult to create bubbles today.
                Look at the Facebook IPO.
                A century ago, it was easy to induce people to voluntarily give you their money for a scheme. It's a bit more difficult today. The Dotcom bubble showed that it is still possible.
                The Federal GOV does NOT provide a prospectus for GOV bonds. They also do NOT use GAPP accounting standards. That is why FED GOV debt rises about $ 7 trillion a year and is not reported.
                Big, Bad, Bald,Ben Bernanke prints gazillions of FRNs to buy GOV debt. This drives down the interest rate. Should interest rates rise by a few points, it would be game over. That was the point of forcing the LIBOR rate down.
                If LIBOR was allowed to rise, investment would flow OUT of GOV bonds and interest cost would rise.

                "As I noted the other day, the average rate of interest on U.S. government debt was 2.534 percent at the end of November. If that number just rose to where it was about a decade earlier we would be in a massive amount of trouble.

                Back in the year 2000, the average rate of interest on U.S. government debt was 6.638 percent. If we were at that level today, the U.S. government would be paying out more than a trillion dollars a year just in interest on the national debt."
                Say Goodbye To The Good Life

                The FED prints to keep interest rates low.
                Printing raises price inflation
                Investors demand higher interest rates to compensate for price inflation.
                Austerity tends to counter price inflation BUT, it slows down the economy.
                The now-slower economy is less able to pay off the debt.
                The less that the debt is payed off, the higher the interest cost rises.
                The GDP-to-debt ratio goes even higher.

                The economists know this. The politicians have a firewall between them and fiscal reality.
                This site has some projections of what should be cut.
                GOV bought votes by promising to be the ultimate security blanket to everybody.
                us debt « True Cost – Analyzing our economy, government policy, and society through the lens of cost-benefit
                There are definitely going to be some unhappy people.

                The article does NOT take into account the $ 202 trillion of unfunded liabilities. So, the remedies that it proposes will not make much difference.
                The U.K. Japan and the Netherlands seem to be the prime candidates for a default.
                List of countries by external debt - Wikipedia, the free encyclopedia


                • #38
                  thought you might appreciate the irony .....

                  Can a monkey with a pin outperform investment experts?

                  Did you know that some of the most consistently good stock traders don't read finance articles? They can't even read company accounts or speak English.

                  To give you an example, back in 1993 the Swedish newspaper Expressen, tested the trading abilities of a monkey called Ola. They ran a competition over a period of a month with him pitted against one of the top professional traders.

                  As the pro, carefully picked his stocks and set limit orders to squeeze the last krona out of his trades, Ola picked up some darts and threw them into a copy of the newspaper. The editorial staff then dutifully executed Ola's trades. Guess who ended up with the most money at the end of the month?

                  Jungle Book - King Louie - YouTube

                  Do Monkeys Pay for Sex? - TIME

                  It turns out that one of humanity's oldest professions may be even older than we thought: In a recent study of macaque monkeys in Indonesia, researchers found that male primates "paid" for sexual access to females — and that the going rate for such access dwindled as the number of available females went up.

                  According to the paper, "Payment for Sex in a Macaque Mating Market," published in the December issue of Animal Behavior, males in a group of about 50 long-tailed macaques in Kalimantan Tengah, Indonesia, traded grooming services for sex with females; researchers, who studied the monkeys for some 20 months, found that males offered their payment up-front, as a kind of pre-sex ritual. It worked. After the females were groomed by male partners, female sexual activity more than doubled, from an average of 1.5 times an hour to 3.5 times. The study also showed that the number of minutes that males spent grooming hinged on the number of females available at the time: The better a male's odds of getting lucky, the less nit-picking time the females received. Though primates have been observed trading grooming for food sharing or infant care, this is the first time this kind of exchange has been observed between male and female primates in a sexual context, says lead researcher Michael Gumert of Singapore's Nanyang Technological University, demonstrating that the amount of time a male macaque "will invest in [its] partner" depends largely on how many options it has around.

                  Signs and symbols rule the world, not words nor laws.” -Confucius.


                  • #39
                    wage competition

                    Monsieur M. The article said that the females upped their sexual activity to 3.5 times an hour. Those males must be pretty stout fellas to keep up with that.

                    As each new country passes into the industrial revolution, it's productive capacity grows enormously. This adds to the total global-production capacity.

                    After WW II, America had 3% of the world's population and 50 % of the manufacturing capacity. We built up a great standard of living. By about 1970, the ROW,,,Rest of the world had rebuilt their own manufacturing capacity. Europe and Japan managed to keep a wage standard close to America. Just the same, America lost part of market share. This caused wages to stagnate.

                    In an effort to reclaim part of our lost market share, America went off the gold standard.

                    This allowed a big increase in money printing. The resulting internal inflation was in reality, a wage cut.

                    The money-printing continued unabated. This was seen as higher prices rather than as a wage reduction.

                    Fast-forward about 20 years and there was even more competition from newer producer countries. This necessitated even more money printing to lower wages and maintain market share. This was only implemented to a certain point. To maintain our standard of living in the face of ever-increasing competition from low-wage producers, we borrowed our way to prosperity. We borrowed 80% of savings worldwide.

                    Our standard of living should have reverted close to a global mean. We borrowed to keep the party going.

                    A few more years down the road and we hit an enormous roadblock.
                    The perfection of containerized shipping threw ALL of our manufacturing into international competition. The Indians and Chinese moved UP to [ $15] a day. Americans and Westerners in general could never survive at that rate.

                    As billions of new people moved into manufacturing, global productive capacity grew enormously. As global wages fell towards a mean average Western consumptive power declined considerably. Our current, Western wage-and-cost structure can not be compatible with $15 a day wages. We stupidly bought Chinese stuff, not even thinking that we pushed ourselves out of jobs.

                    Our current financial system can NOT work unless there is a growing credit and money supply. With wages and trade shrinking, the bankers had to extend credit always farther out. We constantly dipped into future-earnings to pay for our lifestyle today. We lived on money that we HOPED to earn. This, at the same time that we sent our money and jobs out of the country.

                    GOV continues to print more money,,, to lower wages,,, to keep market share. This is referred to as a "race to the bottom". Every step of the race, they lower wages and wipe out consumptive power. It's like racing barefoot through a field of broken glass.

                    The people who are tossed out of the job market are the collateral damage from the race.

                    All countries are printing in unison because nobody wants to be priced out of the labor / manufacturing market. High unemployment will be ever-increasing.

                    Currently, 100 million Americans are out of work.
                    » 100 Million Poor People In America And 39 Other Facts About Poverty That Will Blow Your Mind Alex Jones' Infowars: There's a war on for your mind!
                    So, everybody prints to maintain market share. The fewer resources that a country has, the more it has to depress labor rates. Bangladesh.

                    The poverty level is going way up. As we morph nearer to a global mean wage, the cost-and-price structure in America will fall apart. There is plenty of blame and stupidity to go around. But, at the same time, A lot of this is due to market forces.

                    The West has been great at producing lots of money but, very little wealth. Credit and money grew at 6 times the rate that GDP grew. Like an over-stretched rubber bank, it's all going to snap back.

                    The reason that I focus on manufacturing is because it is of primary importance as one of only 3 main enterprises that add value. Mining, Farming and Manufacturing are all value-added enterprises. The rest just shuffle around the money.

                    If you look at a graph of lost industries and a graph of money printing, there is a clear correlation. The West can't very well operate with Eastern wages so, we print. We print to reduce wages and keep market share. Then we borrow to maintain our standard of living.

                    Printing to reduce wages is not something that CBs talk about. They say that they are "going to stimulate the economy". They never get around to explaining how they can cause spending in a society that is debt-saturated.
                    Helicopter Ben said that he could drop money from a helicopter. He forgot to mention that these money drops would only go to his friends.
                    0% for his friends and 4--5% for the consumer. He's trying to inflate away the debt. Someone forgot to tell him that inflation is mostly driven by wages;
                    Inflation Isn't About The Price Of Corn. It's About Wages. : Planet Money : NPR
                    Aggregate employment is falling. Wages are falling. Money velocity is falling.
                    We have inflation in a few areas like food and energy. But, with aggregate income falling, people keep buying essentials and cut out more and more discretionary spending. Any price inflation in essentials results in decreased spending for non-essentials. Even energy consumption is falling.

                    The CBs have finally started to notice that increased printing isn't helping.
                    Jobs and wages are the key, NOT money. The Central Bankers are a bunch of IDIOTS.
                    They drive down bonds and think that people will stay in the market.
                    They drive up stocks that have no P/E and think that people will stay in stocks.
                    They have ZIRP and a printing press. That's like giving a teenager an axe and a flamethrower.

                    The CBs drive down wages to keep market share. With lower wages, consumption and the economy slow down.

                    ALL this "money" and credit that is floating around can be compared to Voldemort's ghost. Voldemort was looking for some "vessel" to give him tangible reality. He circled the globe like all the paper wealth looking for something to give him substance. There are reportedly 10 quadrillion worth of contracts denominated just in DOLLARS.
                    Banks print to save their currencies but, all that printing endangers these same currencies.


                    • #40
                      Economic models

                      This is a paper by Martin Armstrong. I believe that he wrote it while still in prison. You probably have to read it 2 or 3 times to take it all in. It's very hard to step back and look at man and his constructs. This paper does a pretty good job.
                      *Collapse of Capitalism


                      • #41
                        Originally posted by Danny B View Post
                        This is a paper by Martin Armstrong. I believe that he wrote it while still in prison. You probably have to read it 2 or 3 times to take it all in. It's very hard to step back and look at man and his constructs. This paper does a pretty good job.
                        *Collapse of Capitalism
                        thank you for this enlightening paper

                        it seems wherever we look and find some shenanigans going down .... we seem to find England ( not its people ) has a root ( direct or indirect ) in it

                        the one question remains ..... when are the crows going to fly

                        ..... Ravens of the Tower of London - Wikipedia, the free encyclopedia

                        Signs and symbols rule the world, not words nor laws.” -Confucius.


                        • #42
                          Empire and propanagda.

                          Monsieur M, the British upper class are the absolute scum of the earth. Britain has invaded every country on earth except for 22.
                          Unfinished business? The 22 countries worldwide that Britain's not yet invaded - World History - World - The Independent
                          The Romans gave the Anglo-Saxons a leg-up on mechanized warfare.
                          This allowed England to get a head start on the industrial revolution.
                          They leveraged this into an empire.

                          It also allowed England to boost food production. There was no scheme too foul for the English to implement. They purposely starved the Irish. They maintained the population of India at 220 million for a full century by means of rotating famines.
                          They drug America into World wars. They were losing market-share to Germany and Japan. The list goes on and on,,, crimes against humanity.

                          Here's a good vid on propaganda.
                          PROPAGANDA | FULL ENGLISH VERSION (2012) - YouTube


                          • #43
                            Let us not forget Boxer Rebellion - Wikipedia, the free encyclopedia , and the version 2.0 is the war in Afghanistan ....

                            Grievances ranged from political invasion ranging back to the Opium Wars and economic incursions,
                            Signs and symbols rule the world, not words nor laws.” -Confucius.


                            • #44
                              The future of banking

                              Almost all industries have automated and slimmed down. The productivity-per-person has gone way up.
                              This is not at all true for banking and GOV.
                              CITI has 155,000 employees worldwide. All they truly are is an information service.
                              In "Confessions of an Economic Hitman", John Perkins states that most countries have far too many banks, all controlled by a few families. There is always strife when the families learn that somebody is going to lose their banks.
                              TalkingStickTV - John Perkins - Confessions of an Economic Hit Man - Part I - YouTube

                              So far, the banks have been able to rob everybody to keep themselves going. Some people have started to see the writing on the wall.
                              "Bank of England’s Chief of Financial Stability: Internet Technology Will Break Up Big Bank Monopoly"

                              Here are a few links to ideas that will destroy the current business models of banks.
                              This is peer-to-peer lending that completely bypasses banks;
                              A Different Kind of High-Yield Investment
                              This talks about peer-to-peer renting;
                              A Tale of Two Markets

                              There are other people talking about banks just going away.
                              GLOBAL MONEY MATRIX SELF DESTRUCTS | Cosmic Convergence 2012

                              The death of banks – and the future of money |

                              The big problem is that the parasites are sucking the life out of the economy.
                              It is estimated that Canada would have 60% less debt if they didn't have a central bank. Everything was fine in Canada until they got suckered into a CB.
                              America has paid a huge price for the FED.
                              By the way, our fiat dollar system has so far cost the U.S. economy $80 TRILLION

                              Our current system is constructed to support huge numbers of people who make no contribution to productivity. Some of the "mechanisms" are actually destructive to the producing economy,,,,, not just parasitic.
                              Autoimmune Finance: The System Attacks Itself | Finance

                              All these non-productive people claim that they are doing great works for society. Numbers don't lie when compared to gold.
                              When Priced in Gold, the US economy is at Depression-Era Levels

                              Islamic banking is forbidden to charge interest. The 2 biggest centers of Islamic banking WERE Tunis and Cairo. Both centers were destroyed by the George Soros led Arab Spring.
                              ALL of America's recent wars were against countries that had an independent central bank. ALL of them lost their gold after they were invaded. Libya had to be destroyed because their "Manmade River" project threatened to feed North Africa. That couldn't be allowed. We always have to have a threat to hang over their heads.

                              The information age is gradually working around the monopoly control of the central banks.
                              How Piracy Works Against an Unnatural Monopoly
                              The internet has also "Produced" bitcoin and a few other means to avoid banks. the bankers are pissed off.
                              The War on Digital Currency


                              • #45
                                Gold and freedom

                                This is what Howard Buffet had to say about gold; (Warren Buffet's father).
                                "I warn you that politicians of both parties will oppose the restoration of gold, although they may outwardly seemingly favor it, unless you are willing to surrender your children and your country to galloping inflation, war and slavery then this cause demands your support. For if human liberty is to survive in America, we must win the battle to restore honest money. There is no more important challenge facing us than this issue -- the restoration of your freedom to secure gold in exchange for the fruits of your labors."

                                "[W]hen you recall that one of the first moves by Lenin, Mussolini and Hitler was to outlaw individual ownership of gold, you begin to sense that there may be some connection between money, redeemable in gold, and the rare prize known as human liberty..."

                                Read more: Tired Of Warren Buffett Trashing Gold? Here Are Some Quotes From His Gold-Loving Father - Business Insider

                                Alan Greenspan had this to say;
                                "An almost hysterical antagonism toward the gold standard is one issue which unites statists of all persuasions. They seem to sense — perhaps more clearly and subtly than many consistent defenders of laissez-faire — that gold and economic freedom are inseparable,"
                                Alan Greenspan, Gold and Economic Freedom (1966)

                                No gold standard,,,, no freedom;
                                By Abandoning the Gold Standard We Accepted Central Planning and Chaos | Detlev S Schlichter | FINANCIAL SENSE

                                This is the expected course of action for the West based on centuries of experience.
                                2012: Is This How U.S. Financial Crisis Will Unfold Later This Year? |

                                This time is NOT different,,, except for the magnitude;
                                Eight hundred years of financial folly | vox
                                Considering the past history of the British empire, it wouldn't be unreasonable to conclude that the money powers keep us impoverished to keep our numbers down.