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  #631  
Old 03-12-2015, 01:07 AM
Danny B Danny B is online now
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GOV bonds backing financial institutions

Reportedly, the stock market is getting ready to roll over. Ho Hum.
7 Signs That A Stock Market Peak Is Happening Right Now « The Economic Collapse
Sovereign bonds are backed by the productivity of the people. What happens when the people are less productive?
GOV mandates that banks must hold high quality reserves. It just so happens that GOV bonds are the highest quality. They are considered risk-free. BUT, GOV is spending $ trillions for consumption. How can it repay the money? As a general rule, GOV never repays debts. So, how good is the sovereign debt that forms the bank reserves?
Armstrong; "I have explained how they have transformed a private banking organization into a tool to support government debt. But the untold story is the quality of the bank reserves. " "If the government defaults, well there goes the entire banking system."
"The immediate rules could lead to total banking chaos. This is also impacted by pension funds and insurance companies. All have “risk free” government bonds on their books."
Sovereign Debt Crisis on Steroids | Armstrong Economics
Armstrong calls for a sovereign default in October of 2015. Should this happen, all the reserves of banks, hedge funds, pension funds and other GOV debt holders would be TOAST.
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  #632  
Old 03-12-2015, 03:27 AM
Danny B Danny B is online now
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Inflating the debts away

Ruphus; "What do you think of the Euro QE starting up at the point that US interest rates increase?

I also don't understand how a country can "inflate their debt away" as I have read many, many places. Can you also write about that please?

I would think that contracts between countries would have inflation language built in. "
No country can afford to have a strong currency. It kills exports. The various States have played round-robin taking turns printing to weaken their currencies. They don't want any currency to be considered a "safe haven"away from inflation. Also, EVERY country wants to be a net exporter. This obviously impossible. A weak currency tends to help the export business. Brazil is currently winning this war. Brazil Succeeds Beyond Wildest Dreams in Winning ?Currency War? | HoweStreet.com
As you weaken a currency, imports are more expensive and your population shuns them. This helps the balance of trade.

China MUST import a lot of energy so, it MUST keep it's economic engine in high gear. It has to export a lot to pay energy bills. This is also true for Japan and Greece. That is part of the reason that Japan wants to run all of it's reactors. If China breaks the currency peg, it's products will get more expensive and it will be more difficult to pay for energy. It's manufacturing sector is losing money because of high input costs. Imports are expensive due to a weak currency. If it breaks the peg, imports will be cheaper but, It's exports will be more expensive on world markets.

Inflating the debt away.
If you are a State with a printing press and you owe your creditors $ 1 million, you can just print it. Your creditor isn't completely screwed because he can buy $ 1 million of stuff from you. Saudi Arabia is the biggest arms purchaser now.
General Wesley Clark; "This is a memo that describes how we’re going to take out seven countries in five years, starting with Iraq, and then Syria, Lebanon, Libya, Somalia, Sudan and, finishing off, Iran.”
Maybe they added Saudi Arabia to the list. After all, they started cozying up to China.
The FED is now monetizing over 100% of U.S. bonds. ALL new issue and some rollover. Inflating or printing the debt away is what third world countries do. Default is the next step. Greece spent 1/2 of it's modern history in default. The U.S. can repay debt by printing but, it can't seem to get high inflation in general. I don't believe that this can be accomplished without creating a wage-price spiral. If they send everybody $ 80,000 as has been proposed by the CFR, et al, they might get hyperinflation. Dunno.

As far as contracts between countries, most sovereign debts are settled through the Bank of International Settlements. The BIS settles ONLY in gold.
There are 4500 tons of gold traded EVERY day. This tells you that MANY private contracts are referenced to gold,,, most likely on the day of settlement. The gold never changes hands. It is the most reliable denominator.
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  #633  
Old 03-12-2015, 04:02 AM
Danny B Danny B is online now
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Jim Willie, again

There is no denying that Pox Americana has spread war worldwide. I suppose that there was some legitimacy going into Korea. Nothing was accomplished in Viet Nam other that enriching the war industries. Did all the wars after WW II improve the world? Some of our "police actions" may have had merit,, most NO.
The fiends in the District of Corruption are working to get WW III fired up.
With the advent of birth control and mechanized agriculture, it is a different world than it was 70 years ago. The world is quite tired of the Anglo-American (bankers) insatiable appetite for war. The R.O.W. is working to take away our Bretton Woods credit card for unlimited war. They are rejecting the dollar and dollar bonds. It will take time but, they know that they have everything to lose if they don't succeed soon.
They will hasten the Sovereign bond crash because the alternative is worse. After the crash, they will ostracize us to pull our fangs. Sadly for us, they will try to impose an economic crash so bad that GOV will be so occupied with domestic problems that they won't have time for foreign wars. GOV is prepared to clamp down HARD to stifle domestic problems.
GOV can address it's limited resources to keep State and military intact OR it can address the limited resources to the general populace. Our imports will be cut off except for what we can pay for in gold.
Jim Willie: The Greatest Self-Inflicted Gunshot Wound in 2,000 Years! | SilverDoctors.com
I suspect that it will be difficult to import oil. The lower 48 have reached peak cheap oil. Canada is captive and won't have a choice. The Keystone pipeline is ostensibly just a shortcut for existing pipelines. It will effectively double our capacity for importing Canadian oil. We have tons of pipelines already. Just, not in the right places. The Alaskan pipeline is abraded because north-slope oil is hot and has sand in it. Dunno how much longer it can remain in service.
Russia has just cut a deal with PEMEX so, I wouldn't count on Mexican oil.

If the sovereign bond market does indeed crash, it will take down the banks. With the banks gone, there won't be financing to resuscitate the fracking industry. Better start working on that wood-gas truck.
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  #634  
Old 03-13-2015, 12:38 AM
Danny B Danny B is online now
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Yanking out the dollar rug

We've had years of ZIRP. It was always assumed that rates would rise at some point in the future. Apparently, the FED is creating the narrative that it is time to raise rates. This article has lots of graphs that show that the economy is doing GREAT. The Real Reason the Fed Has To Raise Rates in June | EconMatters
We only have 5.2% unemployment. All the indicators agree that it is time to raise rates. There are a few naysayers though; Six Days Until Bond Market Crash Begins | EconMatters

This article talks about the "overheated labor market".
From Yellen Put To Yellen Massacre - The Automatic Earth
"The Federal Reserve, and now the European Union have set the stage for the biggest collapse in bond markets that will make the sub-prime financial crisis look like a cakewalk."
"In short, Janet Yellen will go down into history as the person responsible for what may be the biggest economic crash ever, or at least delivering the final punch of the way into it, a crash that will make the rich banks even much richer. And there is not one iota of coincidence in there. Yellen works for those banks.'
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  #635  
Old 03-14-2015, 04:46 PM
Ruphus Ruphus is offline
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Us qe

Quantitative Easing of the US cost about $4 trillion. The Social Security Trust Fund is expected to peak at around $3 trillion in 2021.

I wonder if the QE monies would have been better spent somehow lowering the retirement age for social security benefits. Being that jobs are being abolished due to technological efficiency we could employ younger workers by letting older ones retire earlier.

It seems everything is so exponential, especially population growth, that currency availability must be also. Shouldn't we expect the exuberant printing of cash just to keep up with population growth year after year? This must be the reason past currencies have failed. They did not have the ability to keep up making money versus population growth. Currency in the US is darn near digital now. A digital currency could easily keep up with population growth, but it would be based on nothing but what the GOV said. Currencies would be traded based on interest rates. Instead of a birth certificate you would get a $10000 credit card in your name. Married couples would get a credit for NOT having children.

It's strange to think about!
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  #636  
Old 03-15-2015, 06:04 PM
Ruphus Ruphus is offline
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Interest rates

It seems that the FED has two options, raise interest rates and crash the market completely or raise interest rates and pop the bubble then lower rates again. The latter would need to be done over and over. The only hope of a real monetary recovery must come with help of the GOV to raise interest rates from the back door with a significant tax increase and then not spend it. This should wean money from the stock market but still have liquidity for the dollar. But this would hurt the economy and no politician would raise taxes most likely. So USD is pretty screwed from all sides. Do you see any possible way out of this mess?

Also this was pretty informative:

Money for Nothing

It helped my pea brain anyway. Although it looks like it bashed the FED and Greenspan, it is probably the opposite. I think it may be a propaganda piece that will be used to calm the masses when interest rates go back up in the 20% range. I can hear it now..."It's something that must be done, we've had to do it before...yada yada yada IT's FOR THE CHILDREN!!!" Sell your stocks and gold and other assets , me thinks cash will be king soon enough.
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  #637  
Old 03-15-2015, 06:32 PM
Danny B Danny B is online now
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too many cnsumers, not enough warm-blooded producers

Ruphus, there is an inescapable duality to all of this. The biggest stumbling block is human nature. We / you can NOT assume that all people are like you / me. If I gave Eric Dollard $1 million, he would build his earthquake detector. I went up to see him in Lone Pine to make sure that he didn't expire from poverty.
If you gave $ 1 million to many people, they would quit their job and kick back.
All organisms have a natural tendency to conserve energy. Given open-ended financial support, most people would stop producing. I've been to the aboriginal reserves, the ghettos, the Indian reservations, and the Eskimo communities that receive endless money from the Native Lands Settlement Act Men base their self-worth on how good a producer they are. Take that away, and they drink,, or worse.
Suppose that all work was done by machines and robots. What would the average man do?
If you read the CAFR reports, you see that GOV has charged us $ trillions that it didn't need for any particular purpose. They want to keep us producing. The whole country could be run on the labor of just a few. What would the rest do?

The money supply is growing at three times the rate that the productive economy is growing. There is plenty of money but, it is all locked up in the financial system. Kids are expensive and the growing poverty is driving down the birth rate;
https://zgeography.wordpress.com/201...ation-decline/
More and more of the production is done by machines that are NOT consumers,, except for energy. 22 Billion Energy Slaves
At the same time, we are going into a demographic crash where the old are no longer producing and highly outnumber the young.
It's a real mess because there just aren't enough producers who are also consumers. Lots of consumers,, falling number who are also producers.
Our capitalist system ONLY wants to reward consumers who are CURRENT producers. Even the companies listed in the S&P 500 are many $ billions in arrears in funding their in-house pensions.
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  #638  
Old 03-15-2015, 06:46 PM
Danny B Danny B is online now
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safe haven dollar and emerging markets

The dollar is going higher and higher. This has happened before and it is always a sign of great turmoil. http://static1.businessinsider.com/i...924/dollar.png
While the dollar is not money, it has been the best currency for the last few decades. Strong dollar is a signal of a major market event rate hike - Business Insider
Every taxi driver and shoeshine boy knows that we are close to a bond market crash. Lots of currency is running to the "safe haven" dollar. There was about $ 9 trillion in carry trade that must be serviced,, at the same time that dollars are fleeing emerging markets.
Should the FED hike rates, this would put an enormous strain on emerging markets. Why a Stronger Dollar will Lead to Deflation, Recession and Crisis » CounterPunch: Tells the Facts, Names the Names
Naturally, this would cause a crash of derivatives on this $ 5.7 trillion in off-shore dollar loans.
Why a Stronger Dollar will Lead to Deflation, Recession and Crisis » CounterPunch: Tells the Facts, Names the Names
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  #639  
Old 03-15-2015, 07:10 PM
Danny B Danny B is online now
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ZIRP and the end of ZIRP

The FED created ZIRP to save the banks. This transferred about $ 400 billion a year,,, lost to savers as missing interest,,, to the banks. What else?
The pension funds base their actuarial tables on 7--8 % interest return. CALPERS is one of the best run funds and they managed 1%, not adjusted for inflation.
The hedge funds haven't been able to make any money except by going to the very risky junk-bond market.
Insurance funds haven't been able to make any money either.
The stock market hasn't returned any more than just siting in cash.

7 years of ZIRP is wiping out everybody but the banks. The FED knows that any rise in interest rates will have a BAD effect on a few hundred $ trillion worth of interest-rate-swaps. The FED is also very aware that ZIRP is killing major parts of the financial industry. There has been talk for years about raising the prime interest rate. Nobody believed it because it would be so destructive. The talk is taken seriously now because the collateral damage from ZIRP is getting so bad.

Suppose that the FED raises the interest rates on bonds. YOU hold a 1% bond and treasury is selling 2% bonds. Who will want your bond?
The total amount of bills, notes and bonds as treasury securities is $ 7.3 trillion. The bond market trades $400 billion a DAY .Armstrong says that the sovereign bond market will collapse. What happens when $ 400 billion does NOT trade every day?
What Are U.S. Treasury Securities?

We're broke and getting broker.
Economist: The American Dream is Dead
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Last edited by Danny B; 03-15-2015 at 08:39 PM. Reason: mis spelling
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  #640  
Old 03-15-2015, 08:38 PM
Danny B Danny B is online now
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Interest burden, Jubilee and default

Ruphus, Re: interest rates. 8.2 % of Greece's debt is for principle. The rest is for the interest burden. It is the interest burden that is killing the economy. 43% of GOV tax revenues in Japan are spent to service the debt. There really is no solution. If I give an interest-free loan to a farmer, he puts himself in a position to produce more. If I give an interest-free loan to a parasite, it does no good for the productive economy.
Debt always gets out of control. This was recognized a long time ago.
"The 48th provision of the Code of Hammurabi, written more than 3,500 years ago in Mesopotamia, states that: “If any one owe a debt for a loan, and a storm prostrates the grain, or the harvest fail, or the grain does not growth for lack of water, in that year he need not give his creditor any grain, he washes his debt-tablet in water and pays no rent for this year.”
Debt Forgiveness In History | House of Debt

The modern view is that you NEVER forgive debt.
The Modern Debt Jubilee | Zero Hedge
In the case of Greece, the Troika loans new money + interest so that Greece can pay back old loans. This stupidity postpones default.
The PTB have worked to enforce the idea that no lender EVER suffers a default. They reward stupidity on the part of the lender.

The CBs are producing ever-more currency while the producing economy is producing ever-less wealth. GOV /bankers steal our income by blocking price depreciation and raising taxes. Now, they suddenly discover that we have insufficient purchasing power. Their solution is to have us keep spending and have our kids indentured to them for the rest of their lives. We refuse to take on more debt so, GOV does all the spending and signs our name to the bill.

In a perfect world, the producers would get interest-free loans. This is the fastest way to increase total wealth without increasing the debt burden. The speculators would have to pay interest.
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  #641  
Old 03-15-2015, 10:35 PM
Ruphus Ruphus is offline
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Thank you again for your time here Sir.

Can you explain derivatives in layman's terms and then give an actual example?

It seems like a bet on a bet, like hedging somehow that Google will have earnings of 43 cents a share in the 3Q 2016. Is that what it is?
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  #642  
Old 03-16-2015, 12:27 AM
Danny B Danny B is online now
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Derivatives

Plleeeeaaassseee, don't call me sir. I work for a living
"Derivatives are types of investments where the investor does not own the underlying asset, but he or she makes a bet on the direction of the price movement of the underlying asset via an agreement with another party."
Derivatives 101
The other party could be the man-in-the-moon and the bet could be on the future cost of green cheese. There is no connection to the underlying commodity or debt that the bet is based on.
You could sell your house and 20 people can come along and make a bet with other people as to whether or not you pay for it. It is legitimate to hedge your bet with your investment. Hedging every bet in creation was just a way to generate fees when the banking business was too crowded and insolvent.
When interest rates were at their lowest, various parties bet that they would stay there indefinitely. At one time, there were $ 441 trillion in interest rate derivatives. The banks figured that, if they lost, the FED would bail them out.
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  #643  
Old 03-17-2015, 03:55 AM
Danny B Danny B is online now
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No collateral and ,, people just don't want to work

Everyone and their dog is printing currency and bonds. This represents real wealth if it is backed by things that people want AND can buy. If it is not backed, it is faux wealth. The tangibles are called "collateral". The ECB has almost no collateral to back it's issuance of new bonds.
http://www.zerohedge.com/news/2015-0...es-bond-market
People can't buy stuff anyway because they don't have jobs.
The Bureau of Labor Statistics is now known as the Bureau of BS

"Of the 102 million working-age Americans without work today, only 8.7 million are counted by the BLS as unemployed. Out of all working-age Americans, over 92 million are without jobs and are not counted by the BLS as unemployed. Why?

Well, if you ever read establishment-leaning propaganda websites like Factcheck or Poltifact, the argument is essentially that these 92 million Americans are not counted because they “refuse to participate,” not because they can’t find adequate employment and not because the government is misrepresenting the numbers. Yes, that’s right, 92 million Americans don’t count because they clearly must not want work."
One Last Look At The Real Economy Before It Implodes - Part 2

The really scary part is that; post ? depression it may be impossible to get a job. 70 Million Americans Could Lose their Jobs in the Next 10 years | Shenandoah
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  #644  
Old 03-19-2015, 03:11 AM
Danny B Danny B is online now
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Nervous markets,,, billionaires,,,GOV

FED GOV printing took all the risk out of the markets. With no risk, investors threw money at everything. Stock markets just go higher and higher. GOV is getting very nervous.
"Yesterday, an agency of the Federal government, the U.S. Treasury’s Office of Financial Research (OFR), released a study warning that by three separate measures the U.S. stock market is approaching dangerous “two-sigma thresholds” which can lead to “quicksilver markets.” Translation: we could be heading for a big crash."
U.S. Treasury Drops a Bombshell Yesterday: “Quicksilver Markets”
They aren't the only ones who are nervous. "So now we have five billionaires and the BIS all flashing warning signals which can only mean one thing: stocks"
http://www.zerohedge.com/news/2015-0...ith-deja-vu-gl

"ECB Prepares For Grexit, Anticipates 95% Loss On Greek Debt"
http://www.zerohedge.com/news/2015-0...oss-greek-debt

What does 2 sigma quicksilver look like?
So, investors in Greek debt will get a haircut of 95%. Does that qualify as "decapitation"? What about the people who hold derivatives on Greek debt?
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  #645  
Old 03-21-2015, 01:30 PM
Danny B Danny B is online now
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stealing in a nice way

FED GOV can just print the money that it needs. State and local GOV has to steal what they don't take in with taxes. Some GOV agencies apparently don't have a big enough budget. "Civil forfeiture. Last year, a blockbuster investigative report by The Washington Post into a federal forfeiture program called “equitable sharing” found that 81% of cash and other properties taken were from people never charged with a crime."
The DEA Is Seizing Cash Without Warrants In Its Version Of Stop-and-Frisk - Forbes
How nice,,, they call it sharing.

FED GOV has it's own way of sharing.
“Through the IMF, the US gets to decide how to spend other people’s money. The IMF amplifies Washington’s influence. A deal to expand the IMF further is about as close to a free lunch for America as it gets,”
"For every dollar the US spends in the IMF, four dollars are leveraged from other members, the Treasury secretary told Congress"
Treasury Secretary urges IMF and World Bank to remain tools of US foreign policy
“Every dollar of our participation leverages four more from other member countries.”
"Leverages" That's a nice way to phrase it.

"You tell the teller that you’d like to withdraw $5,000 from your account. She hesitates nervously and wants to know why.
You try to politely let her know that that’s none of the bank’s business as it’s your money.
The teller disappears for a few minutes, leaving you waiting.
When she returns she tells you that you can collect your money in a few days as they don’t have it on hand at the moment.
Slightly irritated because of the inconvenience, you head home.

But as you pull into your driveway later there’s an unexpected surprise waiting for you: two police officers would like to have a word with you about your intended withdrawal earlier…"
http://www.zerohedge.com/news/2015-0...ntrols-america
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Last edited by Danny B; 03-21-2015 at 01:45 PM. Reason: More info
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  #646  
Old 03-22-2015, 02:34 AM
Danny B Danny B is online now
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New World Order, version 2.0

With an agrarian economy, there is little surplus food to support conquest and a big army. Armies can live off the land for only so long. The advent of the Industrial Revolution allowed carbon energy to be converted to food energy. This gave the early adopters great advantage at wars of conquest. England was especially good at showing that an industrialized society has a great advantage over a non-industrialized society. Various European powers formed great empires of colonials who couldn't effectively defend themselves or drive out the invaders.
As the colonies gradually advanced, it became more and more expensive and difficult to hold on to them. France lost their colonies. Great Britain lost their colonies in all but name. They did manage to force a central bank on America to keep syphoning wealth.
As the rest of the world gradually industrialized, it became ever-more difficult to control colonies. America maintains about 800 military bases around the world in an attempt to hold on to vassal States.
America had it real good and used various supra-national organizations to maintain power. In an effort to continue this, we made a plan, Project for a New American Century. PNAC was a road map to control the world through various threats and leverages.
At the same time, we sold LOTS of weapons around the world. The R.O.W. developed lots of weapons on their own. Big wars with big armies are very expensive and destructive. Those days are behind us. Now, it is economic war and cyber war.
The world is very tired of our continuous wars to maintain empire. They are trying to form an economic bloc and exclude us. The U.S only has 4% of the world's population so, they can get by without us. The endless parade of murderers in the District of Corruption has united the world against us. All our endless weapons systems won't load a single tanker of oil.

Since the FED dominates much of the world of finance, the R.O.W. is working to construct "work-arounds" that bypass the FED and the dollar.
New World Order - Is Asia?s New Bank a Threat to Western Power and the U.S. Dollar? | Alasdair Macleod | FINANCIAL SENSE

Switzerland, Luxembourg, Germany, Great Britain, France and most other States have signed on to the Chinese bank.
The new order emerges
This isn't so much a vote for China as it is a vote AGAINST war. ALL the money centers have signed on.
The U.S.claims that it only has $ 18 trillion in debt. Our unfunded liabilities add $ 8 trillion a year. Eventually, there will be a day of reckoning.
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Last edited by Danny B; 03-22-2015 at 04:11 AM. Reason: misssspellings
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  #647  
Old 03-23-2015, 02:44 AM
Ruphus Ruphus is offline
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Re: Stealing in a nice way

Suspicious Activity Report (SAR)

WTF!!!

I read that France is just starting to do something very similar, of course to stop terrorists... Or to just have the police frisk you out of your newly withdrawn money.

I'm now hoping for a revolution!
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  #648  
Old 03-23-2015, 03:30 AM
Danny B Danny B is online now
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Hoarding of gold, silver and currency

We are in hyper-deflation,,, a shrinking of the currency and credit supply. The economy can't function without circulation of currency. This is reflected in the falling velocity of money.
10 Charts Which Show We Are Much Worse Off Than Just Before The Last Economic Crisis
A few airports have cash-sniffing dogs. The bankers want all cash in circulation.
"On March 6, taking advantage of a wartime statute that had not been repealed, he issued Presidential Proclamation 2039 that forbade the hoarding 'of gold or silver coin or bullion or currency,' under penalty of $10,000 and/or up to five to ten years imprisonment."[2]"
Hoarding of currency was forbidden. Armstrong said that 26% of Americans are hoarding currency at home. All we need is a fresh war to justify confiscating gold and silver.
If you look at the graphs in the first link, they make it pretty clear that a large % of people just don't have any savings. We are in far worse condition now than we were when we entered the 2008 collapse.

The rural poverty rate is extremely bad. http://www.energeticforum.com/241618-post282.html
What about the cities? When the next collapse happens, spending will go to nothing. The cities won't be safe,,, especially cities in France. France Seeks to Reclaim 'No-Go' Zones
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  #649  
Old 03-23-2015, 03:35 AM
Danny B Danny B is online now
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Quote:
Originally Posted by Ruphus View Post
Suspicious Activity Report (SAR)


I'm now hoping for a revolution!
You aren't the only one hoping for a revolution. This crash will all be leveraged into a big orgy of population reduction. The PTB will try to enhance the chaos.
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  #650  
Old 03-23-2015, 02:58 PM
Danny B Danny B is online now
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Raiding pensions

Greece can not print it's own money. Out of desperation, it is now raiding it's pension funds to keep GOV functions going.
America CAN print it's own money. The debt ceiling approaches once again
"With the debt limit about to come back into full swing at a staggering $18.1 trillion this week, Treasury Secretary Jack Lew has undertaken drastic measures to kick the can down the road until later this year.

One such plan to fund the government includes raiding the Thrift Savings Plan (TSP), a 401(k)-style retirement savings plan set up for federal employees."
Washington just dipped into retirement savings to fund itself
The amount that they are looking to take is just $ 193 billion.
There are already plans to force the big insurance, pension and investment funds to buy GOV securities. The banks buy tons of GOV (in)securities because GOV demands it. GOV is just a consumer so, you can't expect them to pay any of this back.
Picture GOV as a BIG blanket of blood-sucking ticks. They have a good standard of living even though they produce nothing. With 102 million Americans of working age NOT in the labor force, this blanket of lawyers, bureaucrats and politicians is finding it more difficult to continue their standard of living. They are slowly sliding down an ever-steeper incline.
They steal money from any unfortunate who comes within reach of their claws. They grow their claws even longer to reach further into the savings of the producing economy.
This army of parasites sees only their own needs with no concern for the host.

Companies in the S&P 500 are FAR in arrears in funding their in-house pensions. Now, we see GOV raiding Government pensions. We see high-level bankers getting enormous bonuses. The people at the top are grabbing big chunks of money from the main body of the organization before it blows all to hell.
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  #651  
Old 03-25-2015, 02:50 PM
Ruphus Ruphus is offline
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The PTB are playing like the secret service agents are a bunch of bumbling fools. Perhaps they are, but perhaps the PTB are setting the table for a presidential assassination that would be the black swan event that would start the downturn.
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  #652  
Old 03-25-2015, 03:00 PM
Danny B Danny B is online now
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Chinese leverage

GOV overspends and often initiates war to disguise the resulting crash. There are many who claim that WW II is what pulled us out of the Great Depression I.
The U.S. congress is in a mad rush to start war with both Iran and Russia. Possibly, they see an economic crash on the horizon and plan a war so they can shift the blame away from themselves.
Former OMB Director David Stockman Warns: THE END IS NEAR | The Daily Sheeple

The rest of the world is very tired of Pox Americana and wants an end to perpetual war. They have all signed on with the "China" bank. Out of total desperation, the U.S., IMF and World Bank are trying to cozy up with the new China bank even though it is the enemy.
http://www.zerohedge.com/news/2015-0...utins-eurasian

If you consume more than you produce, you don't have leftover wealth to go around mucking up the world. We temporarily have the wealth to do it but, that won't go on forever. The low-wage countries have extra wealth because the workers are underpaid. China has labor, Germany, innovation and Russia has raw materials. They fit together well. I suspect that any move towards war with Iran and/or Russia would be met with a total attack from the Chinese financial system. I sincerely hope that America is blocked from starting WW III. Our fate seems to be a cascade into default.
http://www.zerohedge.com/news/2015-0...stroys-nations

Oil is headed down and may even hit $ 20 a bbl. This alone could crash the banks from the crash of derivatives written against energy prices. Our financial system is controlled by NON-producers for the benefit of NON-producers.
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  #653  
Old 03-26-2015, 01:10 AM
Danny B Danny B is online now
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Khazars

So much of the power structure is hidden that it is very difficult to know who is pulling the strings. They don't want to be out in the open.
https://www.youtube.com/watch?v=03EXPQxzHOY
They rule from the shadows. Who are they? Where do they live. Where do they come from?
I'll post some links. It is up to you to do your own reading and come to your own conclusions. It is well worth the trouble to read / listen all the way through. The First link is from Veterans Today. Remember, there are a lot of Vets with a lot of knowledge and connections. By definition, the Vets care quite a bit about their country.
World’s Biggest Class Action Lawsuit Now Imminent | Veterans Today

Ben Fulford adds more information; https://www.youtube.com/watch?v=nbEaGZhXK_Q
Sheikh Imran Hosein brings in history and perspective that isn't generally known in the West.
https://www.youtube.com/watch?v=b6rEts1BuN8

Here is a vid from Latin America where they put a long tether on a bull and let it run around smushing and trampling dozens of people. It doesn't seem to attack those holding the tether.
https://www.youtube.com/embed/2h-WhhqFjv4
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Old 03-26-2015, 03:01 AM
Danny B Danny B is online now
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The interest burden

Charges on the rental of money have been an important subject for many thousands of year. We are in a situation that has never occurred before in history. http://i2.wp.com/armstrongeconomics....size=584%2C461
There is an important bifurcation that MUST be recognized.
What is the natural rate of interest charged on money loaned for consumption?
What is the natural rate of interest charged on money loaned for speculation?
What is the natural rate of interest charged on money loaned for investment?
There is no easy answer for these questions. John Pierpont Morgan said that "only character merits credit".
Those who control the printing presses seem to be in bed with those who want free money for speculation. Not a speck of morality there. The imbeciles at the Central Banks create interest-free money so that private banks can "earn" interest and profit. The credit bubble is just too big to sustain without a LOT of printing.
The excess printing causes interest rates to go to zero on investments so, there is no net gain.
The credit bubble is growing but, profits have left the scene.

The CBs have tried to force-feed more credit (debt) into the system. It's not working. Inflation in Great Britain is at zero % for (reportedly) the first time in history. ZIRP has been a great motivator for people to take on debt until they were completely debt saturated. The bankers have provided ZIRP to the speculators instead of the consumers. The bankers have provided ZIRP to the investors instead of the consumers. The consumer is tapped out. Default is in the wind.
Greek Sovereign debt is expected to suffer a 95% haircut.
What will U.S. sovereign debt suffer when the default eventually comes?
This Time it’s Different | Armstrong Economics
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Last edited by Danny B; 03-26-2015 at 03:02 AM. Reason: Forgot a link
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  #655  
Old 03-26-2015, 02:24 PM
Danny B Danny B is online now
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Investing in war... reversion to the mean

Seems strange that China, et al have zillions of high speed trains but, America has none.
"Over the last 20 years China has invested some 8.5 percent of its GDP annually into infrastructure. And during that same period, the United States’ infrastructure investment was a big 0.06 percent."
"When you look at the reasons why these countries are joining ( the AIIB ) it’s very clear: The United States has a military pivot to Asia, but China’s pivot to Asia is business. So the business of America is war but the business of China is business."
The District of Corruption pissed away our fortune destroying as many countries as possible.
Gerald Celente – This Is Going To Radically Change The World | King World News
We print and print. What about reversion to the mean ?
"Profit margins are at all-time record highs as corporations don’t have to pay higher wages, can borrow for virtually free, and continue to outsource to foreign countries. Profit margins are 60% above the long-term average and always revert to the mean"
",,,,,corporate market value to GNP. This ratio is also almost two standard deviations above the long term average. It is higher than it was in 2007. It is 75% above the long-term average. It has only been higher during the internet bubble in 2000. Would you bet on it reaching 3 standard deviations above the long-term average? Wall Street and CNBC are telling you to make that bet."
DANGER WILL ROBINSON « The Burning Platform
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Old 03-26-2015, 10:28 PM
wayne.ct wayne.ct is offline
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A confidence game

The mention was made in a page or video that you (Danny) linked to that the Khazars were not bound by morals, or something to that effect. In my view the situation constitutes what I think of as your typical con. When the mark realizes that he has been conned he no longer feels ANY duty to relate on a moral or ethical level with the con man. Out of anger, spite or feeling of self righteousness, the mark sets about, as best he can, to get even, or at least recover some sense of self worth.

The concept seems to have been lost on the PTB. Paper money is your basic con game and the bankers are the con men. When the veil is ripped away, the mark(s) will not honor "their" paper money or "their" contracts, bonds, notes, IOUs, certificates of deposit or what-have-you. Groups, bands, tribes, clans, or whatever they may call themselves, will form to maintain (as best they can) some semblance of order. The ideas of morals and ethics will take on new meaning.

I'm not sure it matters whether the perps are Khazars or bankers.

Some people will be ahead of the curve, so to speak, by preparing now. A great shift in perspective is taking place in the general psyche of the people. I think it is a good idea to think about what constitutes true ethics and morality. A sound ethical foundation would seem to hold some value. Labels like Khazar, Jew or Christian might not be first thing people look at when trying to reconstruct civilization. I hope people will look for honest and trustworthy INDIVIDUALS with whom they may associate themselves.

I'm curious whether you feel there is some advantage to be gained by grouping the perpetrators under a label.
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  #657  
Old 03-27-2015, 12:30 AM
Danny B Danny B is online now
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Evil is a good label. Predator fits as well. Psychopath often fits. POWER is the lodestone that brings out the worst in certain people. There are exceptions.
The president of Uruguay drives an '87 VW.
Fidel Castro flew to U.N. meetings in an old prop plane for many years.
Ian Smith, the Prime Minister of Rhodesia just lived in a little house where anybody could come and go. There have been many others who have worked for their country and people.

The perpetrators are the politicians. The bankers are just doing what bankers do. Like the story of the scorpion and the frog.
It was the Graham-Leachy act that undid the law, Glass-Steagal. This gave the bankers unlimited access to great gobs of our money and they gambled like drunken sailors. We rely on politicians to look out for us. They were only attracted by power so, we can't expect them do do anything moral.

But, the nuclear family has been destroyed. INSECURITY is the watchword of the day. GOV promotes insecurity so that you will cling to GOV as your security blanket. The overlying burden of insecurity causes people to hoard and over-compensate. Doctors wrote 80 million prescriptions for antidepressants in a year in America. Insecurity is the great sickness of society. Why should anyone expect a society to be moral when it is sick?
The Amish take care of their own very well. They don't pay into social security because they always look out for everybody. That brings far more security that some promise from GOV.

People don't willingly associate with predators. GOV has bought a couple billion bullets to ensure that we will continue to labor under the thumb of our self-elected overlords.
Energy is the master resource and food is the biggest lever. If people don't have food, they will pound on the gates of camp FEMA to gain entrance. Unless you can produce your own food, you will have to dance to the tune that somebody else plays.

" A great shift in perspective is taking place in the general psyche"
You would find it interesting to read the work of Rupert Sheldrake, The Hundredth Monkey." You would also find good reading in looking at the "Princeton Egg".
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Old 03-27-2015, 03:46 AM
Danny B Danny B is online now
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Pumping in debt to gorge the corporations

U.S. GOV made guaranteed LOANS available for students to go to college.
The cost of an education has risen at 3 times the rate of general inflation.
Germany has made college free. Germany: College is free there, even for foreign students. Why?
The money that is used in lieu of loans to students comes from GOV and is not run through the banking system to gouge students with debt.
"(By the way, they weren’t exactly breaking the bank before, with semester fees of about EUR 500, or $630, which is often less than an American student spends on books—but even that amount was considered “unjust” by Hamburg senator Dorothee Stapelfeldt.)"

The FED has coughed up a cool $ 1 trillion to buy mortgage backed securities,, many of them worthless. What was the result?
"U.S. Home Prices Are Surging 13 Times Faster Than Wages"
U.S. Home Prices Are SurgingÂ*13 Times Faster ThanÂ*Wages - Bloomberg Business
The article claims that, "Wages climbed by 1.3 percent from the second quarter of 2012 to the second quarter of 2014"
Bloomberg is a PTB mouthpiece so, they are expected to lie daily. Wages have gone down. School is getting ever-more expensive. Gee, I wonder why???
The California UC system reports that it has $ 90.1 billion in cash and investments.
GOV has gotten into the health business. Strangely, health care has gone WAY up. Pharmaceuticals have gone sky high. Big Pharma has an agreement with FED GOV,,, even though FED GOV buys $ billions in drugs, it must pay the going rate with no discount. Obamacare is just one more attempt to squeeze money out for the health-care industry.
Every sector tries to get a monopoly and jack up prices to the moon. The public can't afford it so, GOV jacks up taxes to make sure that no lobbyist goes away empty handed.
Just as socialism breaks the bank, corporatism will get us there also.
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Old 03-27-2015, 03:14 PM
wayne.ct wayne.ct is offline
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On a similar vein

I read your response but have not had time to absorb it. We don't see eye to eye, but I did ask for your thoughts.

Remember the last time people got paid to borrow money? It didn’t end well.

The thesis here is: perverse incentives cause the dummies to take on debt that cannot be repaid.

My thought: People have no respect for property that they do not pay for and will misuse or destroy it. The wealth of the country will probably be destroyed by the victim class and the welfare dependent, since (to them) it cost them nothing. When the collateral is gone, the lenders will lose, too.

The "American Experiment" is quite instructive, but few will understand and the majority will ruin everything by their numbers overwhelming the efforts of the minority.
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  #660  
Old 03-29-2015, 03:11 AM
Danny B Danny B is online now
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expanding debt

America crashed into a low-wage competitor. Aggregate national earnings were severely diminished. Since private banks create only the principle and not the interest, the credit bubble has to continually expand to service previous loans,,, principle + interest. The banks wrote liar-loans in an effort to accomplish this expansion. Since they bought off the politicians, they expected to be bailed out by Treasury when the loans defaulted.
No matter what the gamble that they made, they expected that the FED would save them. Their runaway greed caused them to create about $ 750 trillion in derivatives. There is no possibility of a bailout for this amount.

At the same time, the Walmartians were offered free houses. If they already had a house, they were offered a line of credit on the equity in the house. ( HELOC)
Everything was done to keep the credit bubble expanding. When it blew all to hell, it was expected that the taxpayer and their children and grandchildren would pay it back.
The FED has been pumping in a lot of money but, the marginal return on debt has gone negative. For every new dollar created, it creates LESS than a dollar of new wealth. GOV pushed ZIRP to support the marginal return but, ZIRP kills all the big funds that rely on interest.
CALPERS needs about 7--8% return to pay all the retirement benefits to subscribers. The FED pumps in money to save banks but, wipes out everybody else. Killing the host to save the parasites.

"destroyed by the victim class and the welfare dependent"
There have been many housing projects that have to have been torn down after 2 years because they were not repairable.
There are far too many households where the children don't learn discipline. If they don't learn discipline, how can they be expected to learn self-discipline? Where can they be expected to go in life without self-discipline? 50 % of the people in Detroit can't read a cereal box.
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Last edited by Danny B; 03-29-2015 at 02:14 PM. Reason: mising word
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