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  #361  
Old 04-03-2014, 05:09 AM
Danny B Danny B is offline
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2015.75 Armstrong

I've cited martin Armstrong a few times before. He's all over the news now. Martin Armstrong was a professor at Princeton. He and his undergraduates created a computer program that mostly included all the economic history for the last 3,000 years. He runs 23,000 variables with Artificial Intelligence in real-time. His company, Princeton Economic LLC had 240 employees all over the world. He consulted to all the rich and powerful.
GOV demanded his program,,,,, he told them to get stuffed,,,, they threw him in prison for several years.

His recent release is causing quite a stir;
" All governments are now the targets and when the economy turns down after 2015.75, the thread of civilization will be pulled apart by the self-interest of politicians clinging to power to the detriment of the people."
GOV has promoted itself as the ultimate "security blanket". Politicians promised too much but, they got reelected. That was all that mattered at the time. Prof. Kotlikoff says that our unfunded liabilities amount to $ 212 trillion.
"The national debts are on average composed of 70% interest payments"
The Age of Civil Unrest | Armstrong Economics

Armstrong has been correct in his calculations for decades. I doubt that he is suddenly going to be wrong.
Apparently, we have 541 days left before the grand finale of the collapse hits.
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  #362  
Old 04-05-2014, 03:49 AM
Danny B Danny B is offline
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The fading petro dollar

Energy is the master resource. When we went off the gold standard, Kissinger engineered the oil-dollar. Saudi Arabia was the swing producer with lots of excess capacity. That was then,,, this is now. Reports have been coming out for years that the Saudis were injecting salt water to keep oil production going. The claim is that they are now pumping 90% brine. They are no longer the swing producer.
Russia and central Asia have the oil reserves. Saudi has signed on with China. Both Frankfurt and London are vying to be the center of Yuan trading. Gas is preferred over oil for power generation. Russia and Iran have lots of gas. America is trying to block the construction of gas pipelines.

The East will be the new brokers for oil and gas. They are dumping the American dollar. That means that all those States who stockpiled dollars to pay for oil will now dump those dollars. They will return them (treasury bonds) to the U.S. treasury.
John Connally, President Nixon's Treasury Secretary told foreign leaders that "the dollar is our currency but, YOUR problem."
Well, that is coming to an end. We will have an influx of no-longer-needed dollars. We will be importing dollars. We will have a very difficult time importing ANYTHING else.
http://www.24hgold.com/english/news-...Willie+CB&mk=1
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  #363  
Old 04-06-2014, 03:55 AM
Danny B Danny B is offline
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The approaching end of the petro dollar.

“How did you go bankrupt?"
Two ways. Gradually, then suddenly.”
― Ernest Hemingway, The Sun Also Rises
The crash of the West is starting to pick up speed. Over 25% of Europeans are living in poverty. The West crashed into a low-wage competitor. The jobs left.
"It has been estimated that the U.S. economy loses approximately 9,000 jobs for every 1 billion dollars of goods that are imported from overseas, and according to the Economic Policy Institute,"
"Last year, we sold 122 billion dollars of stuff to China.
That sounds like a lot until you learn that China sold 440 billion dollars of stuff to us."
"Overall, the United States has accumulated a total trade deficit with the rest of the world of more than 8 trillion dollars since 1975."
"According to Professor Alan Blinder of Princeton University, 40 million more U.S. jobs could be sent offshore over the next two decades if current trends continue."
Shocking Facts About The Deindustrialization Of America That Everyone Should Know

A few years ago, the West froze Iran out of the global banking system called SWIFT. This hurt them quite a bit. Several States got together and framed a new system just in case they were attacked. Russia is sponsoring the new system. Russia to launch its payment system in months, as disruption fears mount — RT Business

Russia has also created a commodity exchange that will be outside the control of Western banks. " A Russian commodity exchange where reference prices for Russian oil and natural gas will be set in Rubles instead of dollars will be a strong blow to the petrodollar."
Read more: Russia prepares to attack the petrodollar - News - Reality Check - The Voice of Russia: News, Breaking news, Politics, Economics, Business, Russia, International current events, Expert opinion, podcasts, Video
"Reuters reports, that Russia is close to entering a goods-for-oil swap transaction with Iran that will give Rosneft around 500,000 barrels of Iranian oil per day to sell in the global market."
A "swap" is BARTER. Barter leaves the banks completely on the outside.

Russia has made it very clear that they are not afraid of America. America tried to make a cause celebre out of the Ukraine but, it just didn't work.

*U.S. HAS WARNED RUSSIA, IRAN AGAINST POSSIBLE OIL BARTER DEAL
*U.S. SAYS ANY SUCH DEAL WOULD TRIGGER SANCTIONS
*U.S. HAS CONVEYED CONCERNS TO IRANIAN GOVT THROUGH ALL CHANNELS

We warn them Hah! They don't give a $hit. Every time that we impose sanctions, we shoot ourselves in the foot. They just move more and more business out of reach of Goldman Sachs.
As more and more States move away from dollars, the petro-dollar will die out. India and China are big consumers of oil. They are no longer using dollars. This isn't going to end well for Western banks or the U.S. dollar.
US Threatens Russia Over Petrodollar-Busting Deal | Zero Hedge
Russia is using oil to kill the petro-dollar. China is using gold to kill the U.S. bond market;
https://www.youtube.com/watch?v=nC_WLSiJ8EQ
American's must rely on a POTUS who was a community organizer.
Russia is lead by a mastermind from the KGB.
China is lead by the sons of Sun Tzu.
Petras comments on the POTUS;
"Obama prioritizes belligerence over diplomacy. He never misses an opportunity to miss an opportunity to pursue peace."
Reviewing James Petras’ The Politics of Empire: The US, Israel and the Middle East | Global Research
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  #364  
Old 04-06-2014, 03:20 PM
Danny B Danny B is offline
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Family income

This is an excellent graph showing family income from '47---'79 and '79---'07
http://www.gordontlong.com/Tipping_P...-Oxfam-ART.png
Gordon T Long : Global Macro Economic Research : Macro Insights
The bankers took our savings and used them to buy politicians. Then, they used their captive politicians to change the laws in their favor.
Doug Casey has a good interview on how banking is supposed to work;
The Daily Bell - Doug Casey on the Continuing Debasement of Money, Language and Banking in the Modern Age
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  #365  
Old 04-09-2014, 03:45 AM
Danny B Danny B is offline
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Mafd

Post Hiroshima and Nagasaki, peace was enforced on Western Europe because nuclear war was too destructive to contemplate. Western Europe integrated enough economically to where a war couldn't be won in a traditional way. Mutually assured destruction. MAD kept the U.S.S.R from coming to major blows with America or Europe..
Newer weapons are more controlled and selective than thermo-nuclear weapons. It looked like we were moving towards some kind of non-nuclear combat.
The world is full of surprises. Through the instigation of primarily China and Russia, we are moving away from kinetic warfare. Quick definition;
Forget about China's missiles and stealth fighter; worry instead about 'non-kinetic' combat | Small Wars Journal

How does the U.S. shape up for this new warfare?
"Mutual assured financial destruction is no different. Except instead of shooting missiles, one country escalates by getting their computer hackers to shut down your stock exchange or create a financial panic."

"The Pentagon is fully aware. Last year on 60 Minutes, then-NSA director Gen. Keith Alexander said that with a well-placed computer virus from Chinese had the ability to take down the U.S. economy.

In fact, the Chinese have been in cyber forefront all along. In the late '90s, as Asia was hit hard with financial crises, the Chinese penned a manual titled Unrestricted War. The book explains the nonkinetic military tactics (guns, tanks, bombs) that the Chinese could use to attack an enemy. One of the main options was cyberwarfare -- or more narrowly, financial cyberattacks.

Providing some background in The Death of Money, Jim Rickards writes that besides building up trillions of dollars in reserves as insurance policy against the U.S., China's "other response was to develop a doctrine of financial war. The lessons of the 1997-98 [Asia] crisis were summarized by two Chinese military leaders in a passage both poetic and prophetic:"

""The Chinese are ahead of us," he concludes. "Their doctrine of strategic financial warfare emerged in 1999 in response to the 1997 Asian financial shock." In contrast, Rickards explains, the U.S. started thinking about financial warfare only after the '08 crisis nearly a decade later. "

More reading;
Jesse's Café Américain: The Dollar Trap Part II: Mutually Assured Financial Destruction
Search on,,,,, cyber warfare battlefield,,,,
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  #366  
Old 04-12-2014, 03:02 AM
Danny B Danny B is offline
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Buying oil in Rubles

I have to construct a mosaic of events to paint a clear (hopefully) picture.
Churchill made it clear that WW II was executed to stop Germany from controlling all European markets. The Treaty of Versailles was done to punish Germany after WW I. The Germans complain that the Eurozone is like Versailles but, without the war. Germany has recently had it's debt downgraded because it is guarantor for so much European debt. The Europeans plan for the German donkey to pull the European cart.

Merkel went to school at Karl Marx university so, it is easy to guess what she wants. She isn't going to get it.
Frankfurt is going to be a regional center for Yuan trading. Also;
“During his visit to Duisburg, Chinese President Xi Jinping made a master stroke of economic diplomacy that runs directly counter to the Washington neo-conservative faction’s effort to bring a new confrontation between NATO and Russia.” (press TV, April 6, 2014)

“Using the role of Duisburg as the world’s largest inland harbor, an historic transportation hub of Europe and of Germany’s Ruhr steel industry center, he proposed that Germany and China cooperate on building a new “economic Silk Road” linking China and Europe. The implications for economic growth across Eurasia are staggering.”

Curiously, western media have so far been oblivious to both events. It seems like a desire to extending the falsehood of our western illusion and arrogance – as long as the silence will bear.

Germany, the economic driver of Europe – the world’s fourth largest economy (US$ 3.6 trillion GDP) – on the western end of the new trading axis, will be like a giant magnet, attracting other European trading partners of Germany’s to the New Silk Road."

" Along with the new BRICS(A) currency will come a new international payment settlement system, replacing the SWIFT and IBAN exchanges, thereby breaking the hegemony of the infamous privately owned currency and gold manipulator, the Bank for International Settlement (BIS) in Basle, Switzerland – also called the central bank of all central banks.

To be sure – the BIS is a privately owned for profit institution, was created in the early 1930’s, in the midst of the big economic melt-down of the 20th Century. The BIS was formed precisely for that purpose – to control the world’s monetary system, along with the also privately owned FED and the Wall Street Banksters – the epitome of private unregulated ownership. "
Russia Announces Decoupling Trade From Dollar

Here is the most important line from the article;
April 08, 2014 "ICH" - Russia has just dropped another bombshell, announcing not only the de-coupling of its trade from the dollar, but also that its hydrocarbon trade will in the future be carried out in rubles


Instead of everyone paying dollars for oil, America will have to pay in Rubles !!!
Look at the names on this graph;
http://crudeoilpeak.info/wp-content/..._importers.png
Germany will trade in Yuan and Marks. I don't see NATO invading Germany to stop them. Germany has been beaten up by Western Europe time and time again. If Germany wants to get their gold back, they are going to have to buy it from China.

China, for their part has set quite a trap for the West. There are about 4 billion people in the East who believe deeply in gold. They have the gold and they are going to trash Western Banks and currencies. You can be sure that the Opium Wars are still fresh in their memories.
China's Demand for Gold Has Trapped The West's Central Banks: Alasdair Macleod | Peak Prosperity

Meanwhile, our politicians are consumed with their own grandeur;
"Unfortunately but inevitably, the political class in all three cases * the US, Europe and Japan * has lost contact with reality and pursued the fantasy of “monetary easing” for at least 5 years. Also very unfortunate, and that is an understatement, the potential for all kinds of conflict with Russia * from economic to military * is almost welcomed with open arms by them as a test of virility, the red line in the sand, a moment of greatness, a show of force, and similar tragic airhead slogans. "
Doctor Doom & The Fiat Money Empire

Our politicians don't think past the next election. They plot and plan but, they don't do any actual thinking. When the oil stops flowing and the banks crash, the politicians are going to claim that NOBODY could have predicted it.

Fracking is/was a last ditch effort to produce oil internally. The depletion rate is terrible;
http://static4.businessinsider.com/i...g-red-flag.jpg
The jury is still out on depletion but, it doesn't look good;
Shale Gas Production And High Decline Rates - Forbes
Wait and see.
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  #367  
Old 04-15-2014, 02:06 PM
Danny B Danny B is offline
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Ms. Fitts and the missing $trillions

Rumsfeld came out in testimony and admitted that he just didn't know what happened to $ 2.7 trillion. When you think about all the various accountants and paper trails in GOV, you find this very hard to believe.

Here is a bio on Catherine Austin Fitts from Wiki;
"Fitts served as managing director and member of the board of directors of the Wall Street investment bank Dillon, Read & Co. Inc., as Assistant Secretary of Housing and Federal Housing[2] Commissioner at the United States Department of Housing and Urban Development in the first Bush Administration, and was the president of Hamilton Securities Group, Inc., an investment bank and financial software developer.

Fitts has a BA from the University of Pennsylvania, an MBA from the Wharton School and studied Mandarin at the Chinese University of Hong Kong"
Catherine Austin Fitts - Wikipedia, the free encyclopedia

Here is a quote from Fitts;
"We’ll discuss if financial fraud and market manipulations are actually mechanisms for financing the black budget and if centralized governance is necessitated by high-tech secrecy. There may be as much as $100 trillion dollars worth of hardware flying the skies powered by anti-gravity and field-propulsion technologies."
"It also has connections to trillions of dollars which are “missing” from defense and domestic agency accounts (as reported by official financial reports of the US government). To the extent that the US taxpayer has financed this technology (or its reverse-engineering"
Red Ice Radio - Catherine Austin Fitts - Hour 1 - Secret Space Program & The Black Budget
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  #368  
Old 04-19-2014, 02:48 AM
Danny B Danny B is offline
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Sanctions, lies and GOV dependency

The U.S. is going for broke in the Ukraine mess. We plan to impose more sanctions on Russia. This article from Ambrose points out all the things that could go wrong. The article also points out that Russia can't really make a go of it on their own. They MUST have the support of China. In a past problem, the support of China did not happen. So far, the indications are that China will back Russia.
US financial showdown with Russia is more dangerous than it looks, for both sides - Telegraph

FED GOV reports that the budget deficit has dropped to about $ 465 billion. Not surprisingly, this turns out to be a lie.
The Golden Truth: The Real Budget Deficit Was $1 trillon In The Government's Fiscal 2013 Year

Former Goldman Sachs managing director Nomi Prins writes in her new book,,,, “We are in great danger”: Ex-banker details how mega-banks destroyed America
“We are in great danger”: Ex-banker details how mega-banks destroyed America - Salon.com

Jim Rogers; "America has had three central banks in our history, the first two disappeared," he said. "This one's going to disappear too because they keep taking on huge amounts of debt."
Even The US Government Will Abandon The Dollar

An article that talks about GOV dependence;
"there are 86 million full-time private sector workers in the United States paying taxes to support the government, and nearly 148 million Americans that are receiving benefits from the government each month."
18 Stats That Prove That Government Dependence Has Reached Epidemic Levels

Hmmm, better split this up.
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  #369  
Old 04-19-2014, 03:08 AM
Danny B Danny B is offline
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No foreign support for the dollar

GOV claims that it is printing LESS money. That's very nice. GOV doesn't need to print as much fresh money because Belgium is buying hundreds of $ billions of bonds. Belgium,,,, what a joke. The FED prints electronic money and electronically credits it to the account of Belgium. Belgium "invests" in America. What a swell bunch of people. They are now the number ONE buyer of US GOV debt.

Worldwide support of the dollar is crashing. Foreign GOVs buy dollars to support the U.S. GOV (warmongers). They have stopped buying dollars;
http://3.bp.blogspot.com/-zxWjcVDbMC...upport_feb.png

Here are the numbers;
2010: +$456B (over 12 months)
2011: +$426B (over 12 months)
2012: +$386B (over 12 months)
Last 12 months: -$31.2B
FOFOA: YOY Structural Support Now Negative

Jim Willie always has the best dirt.
NOBODY is spending. Velocity has crashed;
http://67.19.64.18/news/2014/4-16gj/image001.jpg

"Bernanke was correct. The cost of newly printed electronic money is zero. But he left out the other half of the statement, since he is a lousy economist. The value of the newly printed electronic money is zero."
Overprinting is bad enough. There are pictures of people burning Marks in their furnaces during the Werimar hyperinflation;
http://yanziyang.files.wordpress.com...-home-1923.jpg
Electronic currency will just vanish electronically.
Glaring Q.E. Failure Spotted
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  #370  
Old 04-22-2014, 03:47 AM
Danny B Danny B is offline
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Articles on money

I found some excellent articles. Much depends on how much background knowledge you have.
In 2007, GOV was flat broke. It is against the law to just print money for GOV so GOV printed money ( TARP ) and gave it to the banks so that the banks could give it back to GOV.
The Hidden Motive Behind Quantitative Easing :: The Mises Economics Blog: The Circle Bastiat

Banks and GOV go to a lot of effort to manipulate the gold and silver markets. Seems like a lot of trouble for one small market. Reportedly, they do it in such a manner that it brings huge gains. Reportedly, the value of trading in the gold market is equal to the value of the NYSE;
Is Banking a New Form of Slavery? | Zero Hedge

An excellent article on the extent of the Ponzi fraud scheme of the FED;
True Scale of Dollar Ponzi Scheme Becoming Apparent-Rob Kirby | Greg Hunter’s USAWatchdog

Somehow, the FED caused $ 33 trillion of stuff to appear;
The Fed’s $33 Trillion Bent Spoon Trick | David Stockman's Contra Corner

The money printing started in 1934 with the Thomas Amendment;
Part 1. FDR’s Hayseed Coalition: Roots Of Modern Money Printing | David Stockman's Contra Corner

An excellent article on deflation and,,, why you want it. Also, why the bankers don't want it;
Everything We Are Told About Deflation Is A Lie | Zero Hedge
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  #371  
Old 04-23-2014, 02:14 AM
Danny B Danny B is offline
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The BRICS bank and oil

Most of the rest of the world (ROW) is aligned covertly or overtly with China and Russia. For the moment, they can't be too active. Between the IMF, BIS and the SWIFT system, they are captive. They could be punished financially. Some of these countries got together and worked up a new system to escape the SWIFT system. The BRICS bank was due to go active next year. They have pushed the activation even sooner.
BRICS aim to finish development bank preparations by July summit | Reuters

The BRICS bank goes online in July. America will have a new set of capital controls go into effect on July First.
Must Read: Fed Employees rollout a bold idea to trap the entire country’s wealth
GOV is adamant that NO money will escape it's clutches. Richard Russell is a bit pessimistic about all of this; " Our defense against a weak economy is always to print more money. In a matter of months, I see the dollar crashing.”
My Blog

We passed cheap peak oil in 2004. As we extract non-conventional oil, the price naturally goes up. The speculators add about $ 27 a barrel.
Coal isn't looking too good. Burning coal spews toxic metals.
One fifth of China's farmland polluted | Jennifer Duggan | Environment | theguardian.com

The American gas industry openly states that American gas can never replace Russian gas. We just don't have enough. Sooooooooo, we need the gas from central Asia. We need Russian oil. The Europeans REALLY need Russian gas and oil.

The minute that the BRICS bank goes online, we will be cut off from oil imports. Canada and Mexico can't realistically escape us. California isn't connected to the major pipeline system from all the Texas refineries.
http://www.keyframe5.com/wp-content/...0967331720.jpg
Y'all better finish your wood-gas truck.

https://www.facebook.com/n/?photo.ph...1%40wowway.com
Snopes says this is bogus. It is from a game.
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  #372  
Old 04-30-2014, 04:26 AM
Danny B Danny B is offline
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Financial news and rumors

There are known 30 dead bankers. It is called a trade secret and can't be talked about. Benjamin Fulford is in fine form.
"Russian President Vladimir Putin has suggested that the way to end the financial crisis would be to kill all members of the Rothschild family, according to CIA sources. That is why the Rothschilds are now either in hiding or long missing as is the case with Nathaniel Rothschild.
It is unlikely, however, that killing the Rothschilds will solve the financial crisis. "
Obama Threatens Mayhem After Failing To Cash Forged Bonds During Asian Trip - Benjamin Fulford | Conspiracy Theories

Moving on to the largest bankruptcy in U.S. history,,,,, that ISN'T being talked about. Exclusive: NY Judge in Largest Bankruptcy Case in History Receives IRS & SEC Whistleblower Filing | Marinka Peschmann

20% of all American families have no one that is employed;
The Real Unemployment Rate: In 20% Of American Families, EVERYONE Is Unemployed | InvestmentWatch
Which results in;
Consumer confidence misses; present situation tumbles most in 15 months

Jim Willie gives you a historical rundown on the American pathogenesis;
Guide: Pathogenesis & Change Factors | Gold Eagle

Al Qaeda has a new strategy;
FBI Uncovers Al-Qaeda Plot To Just Sit Back And Enjoy Collapse Of United States | The Onion - America's Finest News Source

Griffin understands the FED better than anyone. He has a recommendation for ending it;
G. Edward Griffin explains how the Fed cartel can be defeated

Japan is beyond hope so, they write about how bad the Eurozone is;
Debt runup looms as next phase of euro crisis – Japan Times
Here's your green shoots; http://3.bp.blogspot.com/_NUEZmBcMFt...chnenstump.JPG
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  #373  
Old 05-04-2014, 08:59 PM
Danny B Danny B is offline
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The curse of interest

I catch 20 fish and loan you 5. Because I have forgone consumption, I merit interest. You pay me back 6.

I take $ 100,000 of my hard earned dollars out of the bank and loan them to you. I merit interest because I worked for those dollars.
A banker loans you $ 100,000 to buy a house. You pay back $ 300.000. He never had / owned the original $ 100,000. You pay for one house for you and 2 houses for the banker. Since he had demand rights on your collateral, there was no risk involved. Title insurance and property insurance negate all of that.
By what rationale, can the banker charge interest? I asked this question a few times at The Daily Bell, a site run by investors with an investment mindset.
The Daily Bell - Con of Public Banking
As usual, they failed to answer my question. They regularly denigrate public banking. I pointed out the interest payments would go to the public purse rather than the bankers. This would be a huge help in maintaining a decent standard of living. They don't seem keen on that idea either.

The principle of a loan is created by YOU when you sign. The interest is never created. It has to be pulled out of the principle of future loans that are in the pipeline. If credit expansion falters, there is nothing to service interest payments. GOV responds by hyper-printing to rescue debt that is in danger of default. This isn't a real solution. It just benefits a few. Complaints about interest and usury go back a LONG time;
What World-famous Men have said About the Jews

The implementation of the computer is making if FAR easier to crunch numbers and record amounts. Gradually, the world is figuring out ways to escape usury. Barter is exchange with out a middleman. It is gradually being modernized;
Bartercard International - Business Opportunity Overseas

There is a VERY interesting system emerging called money 3.0;
http://tinyurl.com/mku8675
Then, there is a system for silver barter;
Silverbarter.com | Your Honest Resource For Using Silver as Money
These systems are expanding;
WORLD BARTER EXCHANGE

Allow me to print the money and I care not,,,,, You know the rest. The fiat currency is the middle man who steals the value of your work. Barter eliminates the middleman and is SO hated by bankers. The IRS claims that you owe taxes even on a barter transaction.

We all want to escape from the parasites and the usury. Here is a fascinating paper on interest; " If you want to read more, look up “The Natural Rate of Interest is Zero,” a tightly reasoned, accessible eight-page paper by Mathew Forstater and Warren Mosler. You can find it free online."
What the Fed Is Really Doing to Your Money
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  #374  
Old 05-05-2014, 02:56 PM
Danny B Danny B is offline
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Job losses and efficiency

The West as a high wage economy crashed into the East,, a low wage economy. Job losses are to be expected. America only has 5% of the world's population so these losses could be expected to be very high.
The Number Of Working Age Americans Without A Job Has Risen By 27 MILLION Since 2000
"The Number Of Working Age Americans Without A Job Has Risen By 27 MILLION Since 2000"
"there are nearly 102 million working age Americans that do not have a job right now. And 20 percent of all families in the United States do not have a single member that is employed"
The disappearing labor force: Over 800K Americans drop out of labor force. Since end of recession, those not in the labor force has grown from 80 million to 92 million. Workers younger than 55 lost jobs in April.
America was a high-wage / high-cost economy.
The financial PTB are trying to maintain the cost structure even after the wage structure has evaporated. GOV pumps $ trillions into financial markets to support pricing in stocks and real estate.

On top of all this, wages are falling relative to productivity.
Technology and the Future of Jobs
If you look at the graph, the separation is growing quite fast. This rapidly growing productivity SHOULD cause price deflation. The ever-growing horde of parasites keeps this from happening. Speculators add about $ 27 to the cost of every barrel of oil. Tax and finance add lots more. In the long term, none of this is sustainable.
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Last edited by Danny B; 05-05-2014 at 02:57 PM. Reason: missing a link
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  #375  
Old 05-07-2014, 01:52 AM
Danny B Danny B is offline
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Gold and silver again

The CME is trying to impose price limits on silver and gold;
CME Attempts to Install Price Limits on Gold & Silver Reflects Frantic Desperation | SilverDoctors.com
Fiat currency is the middleman who does all the stealing for the bankers.
"A gold standard offers the best protection against rising prices. The period of the classic gold standard from 1879 to 1914 was probably the most stable of all monetary regimes. This is also manifest in the following table. Average inflation from 1879 to 1914 was 0.2 percent at a volatility of only 2.2 percent. Since 1971 (the end of Bretton Woods) average volatility has been 2.8 percent and average inflation 4.5 percent."
Take the percentage difference and THAT is what went into the bankers' pockets.
Here is a VERY interesting observation;
"In 1914 the world abandoned the gold standard because the European governments could not afford war amid the restrictions of the gold standard. Without abandoning the gold standard, World War I probably would have lasted only a few weeks, because nobody could have funded the war. "


Doug Casey says that "of course, GOV is going to steal all the pensions"
Catastrophic Meltdown Coming to America-Doug Casey | Greg Hunter’s USAWatchdog
The rest of the world has had more than enough with this mega stealing. They are going to go their own way.
132 Nations Want Out of the Cabal Banking System | NationofChange
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  #376  
Old 05-07-2014, 02:05 AM
Danny B Danny B is offline
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The Bush clan

The Bush clan has been at the center of war profiteering for quote a long time.
"In the spring of 1918, Bush became chief of the Ordnance, Small Arms and Ammunition Section of the War Industries Board of Bernard Baruch and Clarence Dillon, with national responsibility for government assistance to and relations with Remington and other weapons companies.Bush was essentially taking national responsibility for government assistance to his own Remington Arms Company and other weapon makers. Through these weapons manufacturers, Samuel Bush made and sold arms to 75% of the WWI combatants on both sides.

Senate hearings in 1934 by the Nye committee attacked the ‘Merchants of Death’—war profiteers such as Remington Arms and the British Vickers company—whose salesmen had manipulated many nations into war and then supplied weapons to all sides.

Unfortunately most of the records and correspondence of Bush's arms-related section of the government have been burned ‘to save space’ in the National Archives."

4 big banks financed the rise of the Third Reich and Adolph Hitler because,,, that's where the money was.
Bush Family Funded Adolf Hitler
Howard Hughes couldn't get enough aluminum for planes so he built with spruce plywood. The Germans had plenty of aluminum.

The tradition continues with the family of war profiteers.
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  #377  
Old 05-07-2014, 02:26 AM
Danny B Danny B is offline
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Bankers hate to see any idle money. They are always looking for the next big thing to invest YOUR money in. China had NO capital, NO industry and NO technology at the time of the Fall of the Berlin Wall. Communism NEVER worked.
Big Bush had been placed as Ambassador to China to remove him from scrutiny over the CIA led Watergate coup by appointed President Ford . Big Bush then called on the Red Army and made them an offer they could not refuse. China had NO industry, NO technology and NO capital. The US invested $2 trillion in YOUR 401K assets to create the "Chinese Miracle" using the same method of operation as the previous "Nazi Miracle" [2], [3]. The caveat was that China "reinvest" 10% of their earnings in worthless US Treasuries to give the appearance that China "owned" our debt. One upside to the monopolists was that there would be NO enforcement over Chinese violation of patent and copyright laws.

U.S. GOV nominal debt is $ 18 trillion. Unfunded liabilities are about $ 212 trillion. GOV would like to cause hyperinflation to erase the debt. They printed lots of currency but, they can't move it into the economy. We are debt saturated. There is ONE way to cause hyperinflation. GOV could send a check to every person for a couple million $

There are faint indications blowing in the wind that GOV is going to save the dollar by throwing the banks under the bus.
Financial Times is, in general, a mouthpiece for the PTB. Here is a word from their chief economics commentator; “Strip private banks of their power to create money”: Financial Times’ Martin Wolf endorses Positive Money’s proposals for reform"
If private banks couldn't create money, the FED would have to do it. All that mountain of interest would accrue to the treasury? instead of the bankers.
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  #378  
Old 05-10-2014, 03:51 AM
Danny B Danny B is offline
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Compound interest

Einstein called compound interest the eighth wonder of the world. Few people stop and think just how bad compound interest is.
From 1942 to 1992, in Britain, wages rose 2700%. Taxes rose 3400%. Interest debt rose 26,000 %. https://www.youtube.com/watch?v=d5XMPykbhmA
"The national debts are on average composed of 70% interest payments"
The Age of Civil Unrest | Armstrong Economics
The Bank of England was originally capitalized with just over a million pounds. This debt has grown enormously since then. https://www.youtube.com/watch?v=buAZblIg1aM
We work and work to pay off these debts but, there always seems to be some kind of expensive war that must be fought.
"The War Party was frustrated. They had a very big problem: there was no one left to go to war with!"
"It wasn’t until later, however, when the complete lack of an official foreign bogeyman threatened to end the War Party’s profitable racket"
The War Party Desperately Fights Back: The Bill Kristol/Samantha Power Grand Alliance Of Neocons And “Progressives” | David Stockman's Contra Corner
Apparently, we need a BIG war to keep us further in debt.
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  #379  
Old 05-10-2014, 04:14 AM
Danny B Danny B is offline
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Debt saturation

America started out with commodity money. Through various stratagems imposed by bankers, we now have debt money. Strange to contemplate. We have reached a point where every instrument is a debt note. This has resulted in;
Chairman of the Federal Reserve (Mariner S. Eccles) said:

That is what our money system is. If there were no debts in our money system, there wouldn’t be any money.

And Robert H. Hemphill, Credit Manager of the Federal Reserve Bank of Atlanta, said:

If all the bank loans were paid, no one could have a bank deposit, and there would not be a dollar of coin or currency in circulation. This is a staggering thought. We are completely dependent on the commercial Banks. Someone has to borrow every dollar we have in circulation, cash or credit. If the Banks create ample synthetic money we are prosperous; if not, we starve. We are absolutely without a permanent money system. When one gets a complete grasp of the picture, the tragic absurdity of our hopeless position is almost incredible, but there it is. It is the most important subject intelligent persons can investigate and reflect upon. It is so important that our present civilization may collapse unless it becomes widely understood and the defects remedied very soon."

Banks create the principle of a loan but do NOT create the interest. The interest is taken from future loans that are in the pipeline. This demands ever-increasing debt.
"Debt (from the borrower’s perspective) owed to banks is profit and income from the bank’s perspective. In other words, banks are in the business of creating more debt … i.e. finding more people who want to borrow larger sums."
Bankers Love War Because It Creates Massive Profits Washington's Blog
Sooo, what happens when banks can't find anybody qualified to borrow to feed the necessary credit expansion? They loan money to anybody that breathes. When this blows up, they get GOV to pay the loans.
GOV, ( you and me) now has about $ 17 trillion in acknowledged debt. It also has about $ 212 trillion in unfunded liabilities.

Sooooo, how is this debt increase working out?
#3 The U.S. national debt is now more than 23 times larger than it was when Jimmy Carter became president.

BUT, there is this claim; #5 The federal government is stealing more than 100 million dollars from our children and our children and grandchildren every single day.
40 'Frightening' Facts On The Fall Of The US Economy | Zero Hedge
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  #380  
Old 05-12-2014, 01:56 AM
Danny B Danny B is offline
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Opportunity cost

I work hard and save $ 100,000. I put my money to work and I earn interest.
A bank conjures up $ 100,000 out of thin air and loans it out at interest. What is the difference?
https://www.youtube.com/watch?v=HIHCAi1MBBA
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  #381  
Old 05-14-2014, 02:21 PM
Danny B Danny B is offline
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Ukraine

The IMF said that they would loan money to Ukraine if the Ukrainians voted "correctly" to join the eurozone, and presumably, allow lots of NATO weapons on their territory. Sounds pretty good. Ukraine has lots of debts and could use the money. The IMF came out and said that the Ukrainian problem could destabilize the world monetary system.
ITAR-TASS: World - Ukraine situation posing possible threat to global economy, IMF head says
Evidently, the Ukrainians read the internet. The loans from the IMF would go directly to the bankers who hold Ukrainian debt. Nothing would go to the Ukrainian GOV or people. By voting incorrectly, the Ukrainians have told the bankers to ,,, take this loan and shove it.
Rockefeller has an observation on the net;
https://www.youtube.com/watch?v=Ct9xzXUQLuY
Christine Lagarde could be right about destabilization. The default of Ukraine on it's loans could bring down our very fragile system.
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  #382  
Old 05-15-2014, 04:26 AM
Danny B Danny B is offline
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financial parasites

The world is awash with stocks, bonds and dozens of other financial products. Everybody wants to live off their investments. Problem is, there are just too many of them slinging around too much credit ( Debt ). Everybody wants to live off their portfolio. A barrel of oil is sold 47 times before it is consumed. This adds $ 27 a barrel ( old number). Everything is manipulated higher and higher. The investors claim that they are a necessary part of the market mechanism. The consumer pays ever-higher prices to an ever-larger number of manipulators who add no productivity.

The investors claim that they are necessary. In America, the egg industry is all regulated by ECI, a nonprofit Egg Clearinghouse, Inc.
The ECI regulations require a buyer to take delivery or pay a 10% penalty. ECI connects producers and end users. Simple; connect the producer directly to the processor or seller.

Raúl Ilargi Meijer
" Well, financial stimulus of all shapes and forms, as executed over the past decade and more by governments and central banks, does just that: it makes the system weaker. This – temporarily – makes it possible for a large number of people to feed on the system (just like parasites do), and declare that from where they’re sitting, everything seems fine."
"In short, this makes just about every investor today a parasite, if not of finance, then certainly of the financial system. Or even of society as a whole."
"That part is easy to see, so much so that it’s the only part most see. The shadow side largely remains hidden, until it will be too late. Because the shadow side lies in the future, and we live in the present."
The True Parasites Of Finance - The Automatic Earth

Everything that you read in the financial papers talks about this big bond offering or a new IPO or or some new financial product. The nitwits have lost sight of the fact that none of their garbage is worth anything without a consumer.
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  #383  
Old 05-20-2014, 04:48 AM
Danny B Danny B is offline
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deflation to counter inflation

Private, corporate and GOV debt are growing. but, the economy is shrinking. We are in monetary deflation because the credit component of the money supply is shrinking. We are in deflation of the money supply at the same time that we are in inflation of the debt burden. There is no shortage of new credit for the banks. There is no new credit for the consumer. The big banks who receive wet-ink money from the FED invest it into commodities among other things. On balance, we have net deflation.
The banks push free money into various investments and cause price inflation. We have a 2 loop economy that has inflation in the upper loop and deflation in the lower loop. The deflation in the lower loop is due to; falling wages,,, falling credit. We have price deflation in non-essentials and price inflation in necessities.

"Median household income, net of inflation, is as low as it was in 1967."
"Economist John Williams says the latest round of “open-ended” QE has set the table for a global “dollar sell-off” and “hyperinflation” no later than 2014. Williams says"
"Williams contends there is 12 trillion in liquid dollar assets held outside the U.S. Williams says it is only a matter of time before all the Fed money printing will “trigger a sell-off . . . and that will provide the early start of the hyperinflation.”
Dollar Sell-off and Hyperinflation by 2014 – John Williams | Greg Hunter’s USAWatchdog

"The abandonment of the gold standard in 1971 set in motion four decades of consumer debt accumulation on an epic scale, currency debauchment, and real wage stagnation. The consumer debt accumulation was a consequence of the American middle class being lured into debt by the Too Big To Trust Wall Street banks and their corporate media propaganda machine, as a fallacious response to stagnating real wages when their jobs were shipped to China by mega-corporations using wage arbitrage to boost quarterly profits, their stock prices, and executive bonuses."

Our income froze but, we raised our standard of living by taking on lots of debt. http://www.advisorperspectives.com/d...-mean-real.gif
"nominal government reported income figures which show median household income growing by 30% over the last fourteen years. In reality, the real median household income has FALLEN by 7% since 2000 and 7.5% since its 2008 peak. Again, using a true inflation figure would yield declines exceeding 15%."
There has been no drop in income in the District of Corruption; http://www.advisorperspectives.com/d...ak-decline.png

SMOKING GUN FROM THE FEDERAL RESERVE MURDER OF THE MIDDLE CLASS « The Burning Platform

John Williams is predicting hyperinflation. The FED is trying to create hyperinflation to inflate away the debt burden. It isn't as easy as it might seem. The FED injects money into the upper loop of the economy ONLY. This has resulted in net deflation at the same time that we have fairly low price inflation. The FED can't accomplish net inflation because the FED starves the lower loop of money and credit. The banks hold trillions of our debt. They don't want to be repaid in dollars of deflated value. As deflation kicks in, the dollar is worth even more because there are fewer of them.

Yellen could get great inflation if she sent every person 1 $ million. BUT, the banks would get repaid in inflated dollars. The banks want to receive valuable dollars from the lower loop and, at the same time, pay their debts in non-valuable dollars. The rich can more easily pay their debts because they get all the free money. This free money brings them huge profits because they get cost-free speculation in the things that we MUST buy. The more that they speculate, the higher they drive the price and the more they gain.
They translate upper-loop monetary inflation into lower-loop price inflation. This works for a while. As the lower loop gets ever-poorer, they abandon more and more segments of the economy that depend on discretionary spending. As prices go up, a higher % is spent on necessities. The monetary inflation of the upper-loop combined with decreasing purchasing power concentrates all spending into food-and-fuel.

All the statistics show huge gains in the upper loop. ALL the money went to the top 1%. The top 1% can't spend this money. ONLY the middle class can spend this much money. The 1% can stash it away but, they would be stashing away mountains of debt that have no value. The debt notes only have value if they can be redeemed. Sure, the Waltons could buy the Mid-West. Then, what would they do with it??? watch everybody starve to death?

The 1% have robbed the rest with monopoly capitalism and debt traps. They know it can't keep going. They don't know how to undo it. They can't raise wages because that would bring more outsourcing and automation. We have had a massive deflation in earning and spending. Only a massive deflation in price would bring back our former standard of living. 50% of the cost of anything that you buy is for finance. We work about 1/4 of the year to pay taxes. Get rid of banks and GOV.
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  #384  
Old 05-21-2014, 02:33 AM
Danny B Danny B is offline
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204 countries in currency reset

There is a lot of chatter on the net about a currency reset. Lindsay Williams talks about it. https://www.youtube.com/watch?v=j4OsiGo10cI
Reportedly 204 countries are all going to have their currency revalued. Dunno,,, sounds kinda painful.
Jim willie has some interesting observations about gold.
“Where did all this gold come from? I mean, why are they able to force London to part ways with this much tonnage?” the answer is really quite intriguing.

Apparently, the London bankers, over 10 years ago, I guess about 14 years ago, improperly used ancient Chinese wealthy family gold for the derivatives that underpinned, as foundation, the European Monetary Union."
"Jim Willie: Yes. Well now London is given a couple of, well more than a couple choices. “You can source that gold, or we will send you to The Hague and make public all of your criminal activities regarding gold, or we can unleash the Triad on you and have you murdered.” So they’ve decided on the first one of relieving themselves of 1000 tons."
Ask the Expert – Jim Willie (May 2014) | Sprott Money News
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  #385  
Old 05-21-2014, 04:01 AM
Danny B Danny B is offline
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Richard Duncan and the growth of credit

I found a good article in my mail but, it doesn't seem to be on the net. I have to quote. The article has to do with greed. In a perfect (banker's) world, people would take out a loan and pay back 99.9 %,,,, then, they would default and give the collateral to the banker. This actually gives an incentive to the banker to make BAD loans. Historically, the bankers always pumped in too much credit (debt) until the system blew apart and then, they walked off with all the property. This system has been around for a long time and is called "pump and dump". The system is a sure bet because people want a better standard of living than they merit with just their wages.

" According to Richard Duncan, capitalism left the building in 1968. That’s when the link between gold and the dollar was severed by law. Before that, people would produce things, save some of their income and invest it to become more productive. " In 1968, GOV declared that the money printers no longer had to have a 25% gold backing.
"That’s one way the economy grows. Today, however, the economy grows a la credit expansion, which fuels consumption. Both have their pros and cons. Credit-driven growth lets the economy develop faster than saving and investing… but it sets it up for much bigger ruination.

Shut off the credit spigot today and the economy goes into recession. Depression, even. Yep, shut off the credit spigot. That is what the bankers have done to the producing economy. When the producing economy goes bust, the bankers can claim all the means of production.

"But you already knew that.
What you may not know, though, is that according to Richard, a credit deleveraging at this point in time could end civilization as we know it.

We’re talking global output halving… sky-high unemployment… starvation… looting in the streets… open revolt… tyrants… banks around the world crumbling... the end of international trade… the collapse of warfare… nuclear war… and other gloomy characteristics of human doomnation.

In fact, by Richard's calculation -- the U.S. needs to increase credit at 2% per year to keep growing. If credit expands below that, we’ll enter recession. "

" There are only a handful of groups that can increase that: households… governments… corporations… Fannie Mae and Freddie Mac… and issuers of asset-backed securities. And as it stands right now -- total debt among all five groups stands at $58 trillion. Assuming a 2% inflation rate, Richard tells us that means credit would have to increase by $2.3 trillion this year.

But who will borrow that much, dear reader? The federal deficit is falling -- this year, it's projected to be less than $600 billion. The Fed is in its third or fourth tapering. So who accounts for the other $1.7 trillion?
As far as we can tell, nobody…"

Mogambo Guru... from the same newsletter;
"“Under-reported inflation will result in overly optimistic growth data, and if the BEA's numbers were corrected for inflation using the BLS CPI-U the economy would be reported to be contracting at a -0.38% annualized rate. And if we were to use the BPP data to adjust for inflation the first quarter's contraction rate would have been a staggering -2.50%.” Yikes!

And if we use the non-hedonic inflation measures, as painstakingly calculated by John Williams of Shadowstats.com for which we owe a debt of gratitude, price inflation is really, really, REALLY running around 8 or 9 percent, meaning that real GDP, when deflated by the actual price inflation, is collapsing at 7% or more!"

"As, for example, how much have the aforementioned electricity price increased since 1971? 300% higher prices! Trebling! Imagine an electric bill three times higher than the one you pay now!

Of course, there are those who argue “But incomes were lower then, too, so it evens out"
"consider what a dollar saved today would be worth after a thirty year working life time under that 3.5% inflation regime. Answer: 35 cents.”
So,, 65% of your earnings are stolen by the money printers. Add in pump and dump AND confiscation of collateral. Don't worry, it's all legal.
Good vid. https://www.youtube.com/watch?v=3YR4CseY9pk
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  #386  
Old 05-23-2014, 03:23 AM
Danny B Danny B is offline
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Oil,,, again and electricity

I already mentioned that the top energy producers in Europe had lost billions of dollars. America screams that it has HUGE reserves of oil and gas BUT,
"As recently as yesterday, the much-publicized Monterey formation accounted for nearly two-thirds of all technically-recoverable US shale oil resources.

But by this morning? The EIA now estimates these reserves to be 96% lower than it previously claimed.

Yes, you read that right: 96% lower. As in only 4% of the original
estimate is now thought to be technically-recoverable at today's prices:"

Affirmation;
The Status of U.S. Oil and Gas Production (Spring 2014)
"According to Art Berman, the vast majority of U.S. oil and gas companies are losing considerable amounts of money on tight oil and shale gas production."
"As an example, Chesapeake Energy, one of the largest natural gas producers in the U.S., lost $1 billion in 2012 while its total debt increased to $20 billion."
Just imagine how America would look with $ 10 gasoline.
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  #387  
Old 05-23-2014, 03:49 AM
Danny B Danny B is offline
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Andros, Nenner and Soros

http://www.24hgold.com/english/news-...Ty+Andros&mk=1
"There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved." - Ludwig von Mises

Every developed economy and many emerging economies sit directly in the crosshairs of this simple statement. The debt orgy continues and shows no sign of abatement as the BIS recently published a paper outlining that over $30 Trillion dollars of debt has been issued since the Global financial lows in 2008."
$ 30 trillion and,,, what did it get us?

In February 2009, Soros said the world financial system had
effectively disintegrated, adding that there was no prospect of a
near-term resolution to the crisis. “We witnessed the collapse of
the financial system … It was placed on life support, and it’s still on
life support. There’s no sign that we are anywhere near a bottom.”
George Soros sells all shares of Citigroup, Bank of America and JP Morgan | Intellihub News

"On the U.S. dollar, Nenner predicts, “Timing is our business, and we’ve always said the dollar is going to collapse in end of 2014."
Charles Nenner: War is Coming and US Dollar Collapse in 2014 | Greg Hunter’s USAWatchdog
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  #388  
Old 05-28-2014, 03:58 AM
Danny B Danny B is offline
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Problems here and there

Not much new to report. They put a crooked billionaire banker in jail in Iran and then,,,,, "Khosravi's lawyer, Gholam Ali Riahi, was quoted by news website khabaronline.ir as saying that the death sentence was carried out without him being given any notice. Death sentences in Iran are usually carried out by hanging."
Iran billionaire executed over $2.6B bank fraud

Former Bundesbank vice president and former European Central Bank board member Jürgen Stark told a conference held by the Ludwig von Mises Institute in Munich this month that the entire world financial system is "pure fiction" and vulnerable to collapse, built on the premise of infinite money created by central banks without regard to the goods and services available.

The current monetary system was saved "in extremis" in 2011 through concerted action by all major central banks. According to Professor Stark, "the whole system is based on pure fiction , groping since 2008 to avoid a second Lehman , which if it happens , the system will not survive ."
In Spanish; JĂĽrgen Stark advierte de un colapso en el sistema monetario mundial

The big dogs say that there is a problem; Wall Street: 98% Risk of Crash This Year

Read Latest Breaking News from Newsmax.com Wall Street: 98 Risk of Crash This Year

Apparently, nobody has any money.. Walmart is falling apart before our eyes – Motley Fool Walmart Is Falling Apart Before Our Eyes
And, for something truly weird. https://www.youtube.com/watch?v=P2jn_lxrrPg
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Old 05-31-2014, 02:49 AM
Danny B Danny B is offline
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economy shrinking,,, debt growing

The credit bubble is growing beyond all belief. BUT, credit is debt. Britain thinks that their debt is about 500% of GDP. Actually, it is closer to 950%
Everything You Think You Own Has Been Borrowed - The Automatic Earth
Interest rates have been driven down to zero. Stock earnings have been driven down to about nothing. Just Two Charts | Zero Hedge
OK, so, no interest income,,, no return on stocks. The insurance companies, hedge funds and pension funds MUST have growth to continue their payouts to investors and retirees. With ZIRP, the banks have saved a cool $ 400 billion a year that they haven't had to pay out as interest. That is $ 400 B out of my pocket and yours. Minus that $ 400 B, we haven't been able to consume enough to keep earnings up in the stock market.
“Corporate profits fell at a 9.8% annual rate, the biggest decline since the 2007-09 recession”.
The Pretty Girl and the US Economy - The Automatic Earth
The U.S. economic reversal was led by a 6% drop in exports year over year"
It seems that the rest of the world doesn't need our stuff.
"US corporate profits fell at a 9.8% annual rate, exports dropped at a 6% annual rate, and GDP is down -2%. But there’s nary an expert to be found who doesn’t claim the fundamentals are so strong that 2014 growth will be 3-3.5%. In other words, 5% or so for the rest of the year, just to make up for Q1"

"300 Americans have the same amount of wealth as their 85 million poorest Americans" - Russel Brand
Read more: '300 Americans have the same amount of wealth as their 85 million poorest Americans' - Russel Brand - News - World - The Voice of Russia: News, Breaking news, Politics, Economics, Business, Russia, International current events, Expert opinion
The rich know very well that an economy can not function with this kind of disparity. It is the bankers who got us to this point.
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  #390  
Old 05-31-2014, 03:02 AM
Danny B Danny B is offline
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The Paradox of Imperialism

It was long ago proven that people work the hardest and become the most prosperous in an economy and State that have wide freedoms. The freest economy becomes the richest. That is all well and good BUT, power corrupts. A rich country can exercise a LOT of power. This attracts the corrupt.
"Other things being equal, the lower the tax and regulation burden imposed on the domestic economy, the larger the population will tend to grow and the larger the amount of domestically produced wealth on which the state can draw in its conflicts with neighboring competitors. That is, states which tax and regulate their economies comparatively little — liberal states — tend to defeat and expand their territories or their range of hegemonic control at the expense of less-liberal ones."
The Paradox of Imperialism - Hans-Hermann Hoppe - Mises Daily

BUT, as the empire grows, this demands higher taxes. There is little wealth left over for the domestic economy if national wealth is directed at war.
"This country’s massive military spending had also effectively hollowed out the US economy. And instead of turning inward at the end of the Cold War, and investing in a revitalization of America’s crumbling physical, social and educational infrastructure, which might have rectified things, the problem was instead made far worse by two more decades of a continuous war economy"
The US Empire is in Decline | This Can't Be Happening!
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