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  • #91
    The VIX

    The VIX index is referred to as the fear-index. In the crash of '07, it barely registered a blip. It is steadily rising now.
    Fear Index January 2013: fiat currency’s twilight

    The pundits are all predicting a big breakout. This article shows the reasons to be optimistic AND the reasons to be pessimistic.
    Time to Choose | Peak Prosperity

    Venezuela just entered the currency wars in a big way.
    Venezuela Launches First Nuke In Currency Wars, Devalues Currency By 46%
    The Currency war will eventually destroy the dollar because America has abused it's privilege as printer of the reserve currency.

    This excerpt is from an EXCELLENT article on the second amendment;
    "Federal Reserve System and the European Central Bank − are shaking themselves to pieces, as all such Ponzi schemes eventually must. As a result, "the paper-money oligarchy" will now try to salvage the basic system by elevating it to a global level with some sort of world central bank"
    The Daily Bell - Edwin Vieira on His New Book, 'The Sword and Sovereignty,' and Where the US Went Wrong

    The Anglo-America military empire is knocking heads with the Chinese trading empire. Whoever has the lowest overhead costs will prevail.


    • #92
      Currency war

      A grim Ministry of Finance (MOF) report circulating in the Kremlin today warns that Venezuela’s “nuclear option” crashing of its currency yesterday is a “clear signal” that the Western banking systems “house of cards”, erected in the aftermath of the 2007-2008 Global Economic Crisis, is in “total collapse” with the expected final outcome to be an “apocalyptic” crash of the US economy no later than April.
      According to this MOF report, and what US financial experts described as “what lobbing a nuclear bomb into a currency war knife fight looks like”, Venezuela devalued its currency by an astounding 46% in the latest round of what is being described as the worst currency war our world has seen since the 1930’s, and which plunged the globe into total warfare."

      The U.S. dollar is the world reserve currency. If it crashes, many other currencies will crash. The people who hold U.S. treasury notes will NOT be happy about U.S. GOV insolvency.
      There is lots of speculation about when this will happen. Some feel that it will happen relatively soon.
      Jim Rogers - 'Short US Government Bonds 'Right Now' - YouTube
      3 Reasons To Short U.S. Treasuries - Seeking Alpha


      • #93
        thought this might interest you :

        Russia World's Largest Buyer Of Gold - Business Insider

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


        • #94
          Bankers through history

          MonsieurM, Both Russia and China have huge gold mining operations. Both are buying ore concentrates around the world. UAE has 3 big gold refineries in Dubai that are buying ore concentrates. The LBMA and COMEX are so crooked that everyone is bypassing them. They quietly mine domestically and they buy ore. This tends to hold down the daily "fix" from London.
          This has also starved LBMA and COMEX for physical metal.
          Russia May Become No. 3 Gold Miner by 2015 - Ed Steer's Gold & Silver Daily

          The Western powers are working overtime to hold down the price of gold so that investors won't see any alternatives to PAPER. This artificially low price has made it much easier for those who want to stock up on physical metal.
          The more "they" hold down the price of gold,,,, the faster the bullion vaults in the West empty.

          This article has a bit of history on the actions of bankers.
          "This is exactly what happened during the Great Depression. The bankers created the crisis by abruptly ceasing to lend money, then calling in existing loans and seizing the REAL assets of the country. They have done this over and over throughout American and world history."
          New Deal for Illuminati Banksters « LEFT HOOK by Dean Henderson

          The bankers are non-productive. They print funny-money and then manipulate the situation until they can trade their funny money for real assets. Over and over.
          The thieving bankers believe their own BS. Gold is a "barbaric relic". I took a 1 0z. gold coin to the bank a while ago. they looked at it like it was a 5 legged lizard. NOBODY trusts a thief. When only tangibles like gold will buy trust, the bankers won't have anything.
          The people of India hold 18,000 tons of gold. The GOV has only 643 tons.
          GOV and the bankers are working very hard to try to get the Indians to put their gold in the banks. Not bloody likely.


          • #95
            payroll and GOV employees

            Many decades ago, a guy named Hegel came up with the idea that GOV should control everything and that everyone should work for GOV. His idea was for GOV to increase taxes and then proportionately increase the percentage of people who it employs. GOV would then have total control.
            His idea is called the Hegelian Dilectric.

            -----------------------------------------------------------------------------------In 1945, America went to war with Japan and won. America rebuilt Japan and the Japanese worked very hard making stuff for America and the R.O.W.
            We sent dollars to japan for all our toys and they,,,,, sent them right back in the form of treasury bond purchases. GOV got all the money back and used it to pay Employees, Contractors, vendors and retirees. We spent the money twice.

            After the war, America had the world reserve currency that was backed by gold. We printed like crazy and lost much of our gold because of the Bretton Woods agreement that demanded that our currency be gold convertible.
            We got rid of gold convertibility. We overprinted and we were going down fast. We printed to pay Employees, Contractors, vendors and retirees.

            Kissinger got the Saudis to sell oil only in dollars and the dollar got a new lease on life. Everybody had to have dollars to buy oil. This introduced the world to the petrodollar. Every country that even thought about selling oil in non-dollars got invaded.
            Everybody sent their dollars to OPEC and OPEC sent them back to America in the form of Treasury bond purchases. We spent our dollars twice and also everybody else's dollars. GOV used these dollars to pay Employees, Contractors, vendors and retirees.

            We raised our standard of living way up.
            Our GDP is reckoned at about $ 14.7 trillion. When GOV prints money, that amount is added to GDP. When GOV spends money, that amount is also added to GDP. Yes, double counted again. Every dime that is payed to Employees, Contractors, vendors and retirees is counted as GDP.

            The gold that is held by GOV is counted as an asset. GOV also leases out it's (your's and mine) gold bullion to get a bit of earning. It still counts all of it's gold as an asset. The gold that is on lease is also counted. Double counting.

            GOV currently spends about 30--40% of the GDP. Hard to tell when it is counted twice. The finance industry accounts for a large part of GDP even though they don't produce anything.., except for more paper.
            All this double-counted paper wealth has allowed GOV to work towards Hegel's dream. 53% of Americans rely on a check from GOV.

            GOV's current debt including unfunded liabilities is reckoned at $ 212 trillion.
            All that double counting has allowed GOV to build up a very impressive debt.
            BUT, since GDP is far lower in reality than in the current mirage, it's going to be that much harder to continue to pay Employees, Contractors, vendors and retirees.
            You can tell that GOV is desperate when they talk about making a $ trillion coin.
            Obummer has made it very clear that everyone has to pay their fair share. What he means to say is that he's going to steal the pension funds.
            The GDP is a mirage but, the debt is very real.

            GOV planned fro the banks to comply with the new Basel III requirements. This would force the banks to hold an extra $7--$11 trillion in high grade capital. This capital would need to be either gold or U.S. treasuries.
            Banks would be forced to buy tons of GOV paper. Basel III is being delayed because banks are to broke to come up with $ 7---$11 trillion.

            GOV is on very shakey ground. It borrowed and printed currency to pay EVERYBODY. What happens when it can no longer pay all those Employees, Contractors, vendors and retirees?
            11. The Largest Event In Human History - YouTube


            • #96
              H. G. Wells and efficiency

              H. G. Wells;
              "The Work, Wealth and Happiness of Mankind
              (Garden City: Doubleday, Doran & Comapny, 1931)

              The poor are not a class, but a miscellany with scarcely anything in common but deficient purchasing power. . . . This second sort of poor -- the poor of economic fluctuations -- is being deprived of purchasing power not as individuals but as units in a group. There is no selection at all among them. . . . And very plainly one cause -- though not the only cause -- is that production is being run primarily for the profit of entrepreneurs and their financiers, and not for the good of the mediocre mass. ... Every economy in production which diminishes the amount of work needed generally diminishes in the same proportion the amount of wages paid relative to total output. . . . In the end, economy of production that leads to restricted employment must be bad for industry itself, because in the case of anything but a commodity de luxe it means producing more of a community less able to buy. We are faced indeed with the spectacle of industry, through sheer progressive efficiency, producing more and more, and killing the demand for its product as it does so. That seems indeed to be the essential fact of current economic troubles. There is too much wheat, steel, coal, copper, rubber, oil in the world, too many motorcars, too many gramophones, sewing-machines, and radios, and there is a gathering multitude of people, not defectives, not intrinsically inferior people, but people at quite a chance disadvantage, who canot buy this accumulation of unsold commodities."

              "And we have to remember that if there is anything whatever to be said for in defense of armaments, it is that they distribute a very large amount of purchasing power to skilled workers and trained and fit men who might otherwise stand out of employment. A sudden world-wide disarmament, unless it was accompanied by . . . vigorous reëquipment of civil life, might enormously increase the world's economic difficulties."

              Imagine what would happen if we stopped ALL the wars, including the war on terror and the war on drugs, etc, etc. Imagine what would happen if we got rid of boondoggles like the dept. of energy. Imagine if we shut down the armaments business. Imagine if we got rid on the many millions in civil service who do nothing but shuffle papers back and forth to each other.
              The country would have the same productive capacity but, nowhere to direct it// no way to employ the masses who were redundant.


              • #97
                Addison Wiggin

                U.S. GOV is printing and borrowing like crazy to give everyone a job,,, or at least an income. GOV is trying to maintain their (our) standard of living far in excess of our (aggregate) productivity. With 90 million people of working age NOT in the labor force, aggregate productivity is going down. No matter how hard you work, there are still way too many not working.

                Addison Wiggin has predicted this stuff way ahead of time. His latest info is a detailed summation of what to expect in the future as GOV tries to support everybody at an unsupportable level.
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                We are in the middle of a paradigm shift that has NO solution. America has the productivity to take care of everyone. America does NOT have the ability to give everyone a job. Suppose that GOV abolished all the make-work jobs,,,, just let them die.
                Encourage the productive sector. Let GOV wither away. Send a stipend to all the rest. Mandate "Norplant" for non-working women and couples.
                It could be done on paper.
                The problem is human nature. Most men can NOT adjust to a useless, non-productive life. Most would vegetate and fall into alcohol and drug use.
                That is the case on the Eskimo and Indian reservations.


                • #98
                  Originally posted by Danny B View Post
                  The problem is human nature. Most men can NOT adjust to a useless, non-productive life. Most would vegetate and fall into alcohol and drug use.
                  That is the case on the Eskimo and Indian reservations.
                  also called loss of purpose ..... a lion in a cage of illusion .... when a society decides that it is her competence to pick your purpose in life and not the individual .... you end up with a Nation of Zombies .... but it is also a sign of a paradigm change ..... some will refuse to be called "a Number"

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


                  • #99
                    MonsieurM, the collective has had centuries to perfect techniques at keeping productive people bound to them.
                    You may take the RED pill but, you still have to eat. You may ride off into the sunset with the hot babe but, you still have to get up in the morning and pay bills. The collective always has a numbers advantage over you.
                    Waco was meant to serve as an "object lesson".


                    • GB, bankers and wars

                      As has already been mentioned, England always seems to be causing wars somewhere. It is actually British bankers.

                      "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) "

                      Once again, we see Germany surging ahead and Britain falling behind.
                      In 2010, Germany finally paid off it's war debt from WW I.
                      Mario Draghi is trying to hitch up all of Europe's debts to German productivity. Everybody wants to avoid war but, they also want to fleece Germany.


                      • European dreams

                        "In a globalist, technocratic society, civil society arises as a kind of negotiation between the demands of the state and the desires of its citizens.

                        But in reality this is an entirely unequal discussion, as the state intends to impose its demands by force, while citizens can only utilize protest and civil disobedience."
                        The State claims that ONLY the State has a legitimate right to use force to obtain compliance. Mao said that all GOV authority comes from the barrel of a gun.

                        Here's a chart. You can check on your country.
                        You can see that the bankers in GB have a serious problem.
                        Hollande in France seems to be making things worse.
                        Mish's Global Economic Trend Analysis: France Sinks Further Into Gutter; PMI Accelerates to 4-Year Low; "Core" of Europe Now Consists of Germany Only

                        GEAB still claims that May-June will be crunch time. They also claim that the U.S. / dollar are in far worse condition than Europe.
                        GEAB N°72 is available! Global systemic crisis - Second half of 2013: The reality or the anticipation of the Dollar collapse obliges the world to reorganize on new fundamentals

                        They make an interesting claim that the States will cut loose the banks like Iceland did. I find that very hard to believe.


                        • Martin Armstrong and his program

                          Martin Armstrong writes on a lot of subjects. Here is some of his latest stuff. You have to have a strong stomach to read his predictions.
                          No Government Has Ever Survived a Debt Crisis !!!!! | Armstrong Economics

                          Here are a few articles;
                          Blog | Armstrong Economics | Forecasting the World
                          Tough times indeed.


                          • freedom and decentralization

                            Dave Michael Rogers has written a book, Lockridge;
                            In the story, there are various economic interests trying to stop the advancement of "free energy"
                            Economic interests are only the start of the opposition to Free energy.

                            The PTB have been working to control the world for centuries. It was too fragmented for most of man's history. Man aligned along the lines of clans or groups a bit bigger.
                            WIKI; "Most theories see the nation state as a 19th-century European phenomenon"
                            The PTB have always wanted complete control. Slavery is inefficient. Wage -slavery works much better. The rise of the nation state was effected to consolidate and control.
                            As man moved away from the agrarian method of survival, it become easier to control large groups. He still had to eat and food distribution was easy to control. England used rotating famines to maintain the population of India at 220 million for about 100 years.

                            As man relied more and more on energy, that became the new leverage point. Energy is the master resource. Almost all other aspects of life can be controlled if you control energy.
                            The nation state is an inefficient control mechanism. The larger it gets, the more inefficient it is. The U.S.S.R. stands as a good example. That doesn't stop the control freaks from continually trying to grow the STATE even bigger.
                            The State continually bombards us with threats, both real and imagined to try to hold the STATE together. We're kept constantly inundated with fear.

                            GOV has even admitted that peace would be a disaster.

                            Truth is, it would be a disaster ONLY for the state. Man works most efficiently in groups of about 150.
                            The state works hard to maintain central control of as many things as possible. Smart meters that can be turned off remotely.... etc.

                            The State would be happiest if IT'S wage slaves didn't have any other choice but to produce for the collective. In truth, the state has outlived it's historical (semi) usefulness.
                            With the advent of mechanization and birth control, there is plenty to go around in the developed countries.

                            Jeffery Berwick has written that the STATE is collapsing and on it's way out.
                            Activist Post: The War Is Over ... And We Won
                            It's not just ZPE that threatens to give us energy freedom. There are other processes that promise cheap energy.
                            The Six Biggest JACKPOT EVENTS

                            Even manufacturing is ready to take off on a new revolution.
                            Motley Fool Stock Advisor: The Future is Made in America
                            The changes are coming so fast that the PTB will be playing a global game of whack-a-mole. I do hope that they lose.


                            • Willie, FOFOA and Smith

                              The first writers who predicted the economic crash back in '03 and '04 were referred to as doomsdayers. By about '07, they started to look prophetic rather than pessimistic. I started reading them in '05. By about '08, the events with Lehman Bros, AIG and Bear Stearns made the pessimists look optimistic in retrospect.
                              While the gold bugs had a vested interest in promoting gold and selling doom, that didn't mean that they were wrong. Some of the writers were pushing precious metals but, not actually selling them.
                              Jim Willie started writing his newsletter many years ago. He was probably the most strident doomsayer. He made the common mistake of trying to do "timing".

                              He caught a lot of flak when his predictions didn't true on time. The majority of his predictions eventually came true though. Much of his writing centered on the absolute CORRUPTION. His sources fed him the best "dirt".
                              Here is an article laying out his general predictions.
                              Jim Willie: Gritty Questions on the Historic Collapse |

                              Another writer who is fascinating is FOFOA. He carries on in the tradition of FOA ( Friend of Another) and Another himself. His specialty is digging into the details and behind-the-scenes dealings. You would have to do a LOT of background reading to follow some of his stuff. It makes for fascinating reading.

                              Charles Hugh Smith does very good writing. Here is an article with great graphs that shows the unstoppable shrinking of the economy regardless of what GOV tries to do.
                              charles hugh smith-Why Central States/Banks Inflate Asset Bubbles, and Why They Implode

                              Lastly, here is a vid to lighten things up.

                              TOUCH WOOD SH-08CbNTTƒhƒRƒ‚


                              • Currency swaps and currency wars

                                Western Europe is crashing dramatically and horribly. Italy and Spain are basket cases. In their dreams, they all expect Germany to come to the rescue and pay to maintain their comfy lifestyle even after they lost their jobs to China, et al.
                                Germany doesn't want to be a mule to anybody. Reportedly, they are going to align with China and Russia. We see this elsewhere. Old friends are deserting each other in the name of survival.
                                China, et al are doing currency swaps with several countries that will settle trade without the banks. The very surprising fact is that even Great Britain is doing a currency swap with China.

                                "The list of nations with such swap deals include Brazil, Australia, Russia, Japan, South Korea, Belarus, Malaysia, and Indonesia. Add England to the long and growing list of nations making bilateral currency agreements with China, which should instill fear in New York."

                                So, much as London may love New York, they will cut them loose to survive.
                                What does that imply for global GOV? The East is working to destroy the dollar because they have been screwed for decades.
                                The various governments might give lip-service to global GOV. But, given the choice between global GOV with domestic civil war and splitting the union, they will choose to go AWAY from the dollar,,,, EU,,IMF,,, WTO,,, BIS, etc.

                                "the USDollar, the big Western banks, the SWIFT codes, and the FOREX are all rendered suddenly obsolete."
                                BTW, the FOREX trades between $3--7 trillion every day.
                                Jim Willie: Gritty Questions on the Historic Collapse |

                                This is an excellent article on the currency wars.
                                Gordon T Long : Global Macro Economic Research

                                When all that currency printing was working it's magic at lifting most economies, everybody in the developed world was more-or-less friendly.
                                As it all crashes down, friends become enemies.
                                TRUST DISAPPEARS. This is important to remember.
                                Without trust, everybody demands tangibles. The best tangible is gold IF, you first have food.