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  #121  
Old 04-08-2013, 03:07 AM
Danny B Danny B is offline
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Confiscation

The third article linked above makes it painfully clear that all accounts in major banks will be confiscated to pay off the derivatives.
http://www.24hgold.com/english/news-...=Jim+Willie+CB
Just imagine what the country will look like with all accounts stolen. I suggest that you go to Weiss ratings and find a credit union that does not have exposure to derivatives.
Weiss Ratings

This is absolutely CRITICAL for everyone to understand. The regulatory changes will take EVERYTHING.
"However, it made standard Chapter 13, in restructure of debt with respect to income, establishing a lifetime of tax obligations. But the corporate side is far more pernicious, learned only two years ago by the Jackass. It subordinated all bank assets under the derivatives owned by financial firms. The subordinated structure still exists, like senior & junior bond holders, savings accounts, certificates of deposit, mutual funds under management, money market funds, but these all lie subordinated UNDER the vast derivatives, the unregulated contracts. "

For the readers who are not clear on this subject. The banks will fail (as planned) and all their assets will go to the holders of the derivatives. YOUR account is part of their assets. ALL YOUR ACCOUNTS.
One of the black swans will go splat,,,, maybe a naked COMEX. There will be a short bank holiday called. When the few banks reopen, the major banks will NOT reopen. Their assets ( your money) will have been liquidated to pay off failed derivatives. A big part of the derivatives will evaporate in mutual-cancellation. The banksters had to run the notional value of the derivatives up to hundreds of $ trillions to ensure that there would be hundreds of $ billions left over after the mutual cancellations.

Now, you understand why homeland security bought billions of bullets. Just imagine what the country will be like when all the cops and military get burned for their life savings. Keep in mind that the big banks administer the distribution of funds from GOV for SNAP (food stamps) and other GOV programs. When all the accounts evaporate, the country will be in massive deflation. Cash will be scarce. Fossil-fuel power generators will go out of business from loss of cash flow. Looks pretty messy to me.
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  #122  
Old 04-11-2013, 03:03 PM
Danny B Danny B is offline
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Say's law

Say's law tries to explain the connection between employment and production of goods. Say's law - Wikipedia, the free encyclopedia
The Industrial Revolution is slowly working it's way up the ability ladder and fewer and fewer people are actually producers. As workers are more and more distant from actual productivity, their wages are more and more tenuous. There is no limit to demand. There are few limits to productivity.

The limiting factor is purchasing power. In it's basic form, an economy is a production-consumption cycle. If purchasing power is not adequate, production will slow or stop. The economies of the West are slowing way down. We lost our jobs in the value-added industries to the East. Aggregate national income has fallen and purchasing power has fallen. As the value-added industries diminish, this drags the rest of the economy down.

GOV has a solution. GOV gives money to the banks and the banks lend money to the people. This is supposed to stimulate consumption.
People are already debt-saturated and do not want to borrow. Fear over-powers greed and people stop consuming The banks are chock full of funny money but, nobody wants it. As the economy slows, jobs are lost and confidence falls even further.

GOV prints even more money and those closest to the issuance get even richer. Those who don't have access to free money get ever poorer because of the price inflation caused by all the new wet-ink money. Those in the upper loop are doing fine. The actual productive economy just keep falling.
hundreds of $ billions have flowed into mutual funds and the stock market. Asset valuations have gone way up even though consumption has dropped.

The law of supply-and-demand holds true for everything. There is just too much money floating around. Since the valuation of currency is subject to demand, it can drop far faster than demand of a tangible. Bitcoin just dropped $ 1 billion in valuation.
The money masters have tried to produce great wealth by printing paper that says that you owe them great amounts. The eventual result is that bankruptcy results.
Every region has a certain wage-price structure. The West is slowly moving towards wage parity with the East. The West is trying to maintain it's price structure at the same time that it's wage structure is dropping. GOV prints to do this but, there is no way to maintain the wage structure. Prices will follow.
GOV is trying to maintain consumptive power even though income has fallen drastically. More reading.
The Daily Bell - Why Money Printing Makes You Poorer
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  #123  
Old 04-13-2013, 02:55 PM
Danny B Danny B is offline
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Monetary theory

Here are 2 good articles that lay out the recent history of monetary theories / beliefs.
The Prudent Bear: Things Have Gone Too Far

The Daily Bell - Introducing the Updated 4th Edition of the Book That Helped to Change the Internet
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  #124  
Old 04-15-2013, 03:47 AM
Danny B Danny B is offline
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Armstrong and March

I've already explained who Martin Armstrong is. I've already explained about his program. He claims/proves that there are several cycles of different periods that control/affect our general lives. He reports that a major cycle (224 years) comes to an end soon. "This Cycle Turns March 22nd, 2013". He had a thriving business. GOV destroyed it and threw him in prison for 7 years ++. The report in the 44 page version is for sale for $ 125. I don't begrudge him making a living. Here is the short version.
The 224 Year Cycle – March 22nd, 2013 | Armstrong Economics
"We will begin a 72 year decline"
You could also search "Elliot long waves" and "Fourth turning"
Capital flows control the world. Armstrong Economics | Forecasting the World
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  #125  
Old 04-19-2013, 03:31 AM
Danny B Danny B is offline
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failure to deliver

Most of you are already aware that as the gold price goes down, the sales of PHYSICAL gold go screaming up. The U.S. mints sold 63,500 ounces in one day. The rest of the world is even crazier. The COMEX and LBMA are very close to default.
Odds of COMEX Default Increasing Exponentially | SilverDoctors.com
There is talk that the "shorts" want to force a default so that they won't have to cover in the event of 'force majeure".

This article is very interesting. It argues that even though the FED is printing money, the money supply is shrinking. There are a LOT of complexities involved.
Mish's Global Economic Trend Analysis: Is the Fed Printing Money?
The thing to remember is to have cash on hand. Your local grocery mart and gas station will not accept gold and silver.
If you want to know the future of the economy in Japan, here is a vid that shows what will happen.
Sick! Seagulls Explode in Mid Air!!!!! - YouTube
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  #126  
Old 04-23-2013, 09:12 PM
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thought it might interest you :

Green Mountain Daily:: Austerity Study was 100%, completely, and totally Wrong

harvard + IMF employee

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  #127  
Old 04-24-2013, 03:48 AM
Danny B Danny B is offline
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reinhart and Rogoff

MonsieurM, Reinhart and Rogoff wrote a great book,, 8 Centuries of Financial Folly. Then, later R&R wrote the cited paper. It went against their first work,,, strange. A grad student found the first big flaw. Krugman, et al have cited the flawed work as being justification to print until the cows come home.
Abe in Japan is charging ahead with this idea.
Peter Schiff writes about the problem in Japan.
The Daily Bell - Japan Steps into the Void
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  #128  
Old 04-24-2013, 04:22 AM
Danny B Danny B is offline
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The curse of debt money

The recent action in the gold market can be very hard to understand. Gold is the LARGEST commodity market. Billions can be made in an hour.
The Secret World Of Gold Part 1 - YouTube
How can gold surpass wheat or iron or coal or oil???
ALL commodities are produced to be consumed. Gold is not. This is referred to as the "stock-to-flow" ratio. Gold doesn't have much of a stock. All the gold in the world would fill 3 Olympic swimming pools. 90--94% of silver is consumed.
Since gold doesn't go anywhere, it's all available for trade.

When you barter, I give you my stuff and you give me your stuff. The deal is closed/extinguished. You and I are happy BUT, the non-producer on the sideline is unhappy. Gold is an intermediary in the barter system. You either have to work for it or steal it. With the introduction of paper currency, the non-producer has a much better chance of stealing your wealth through manipulation. This has led to a huge increase in the numbers of non-producers,,, beggars, bankers and bureaucrats.
http://i8.photobucket.com/albums/a28...ps0a4cda16.png

The bankers speculate until there is a huge bubble so that they can take the real wealth from you.
http://i8.photobucket.com/albums/a28...1287634884.jpg
They steal your money through currency inflation.
http://i8.photobucket.com/albums/a28...ps9b9f6d51.gif

Debt gets out of control and it all crashes down.
http://i8.photobucket.com/albums/a28...ps95b138d5.png

GOV is printing money like crazy but, it isn't moving in the economy.
http://i8.photobucket.com/albums/a28...psf6837ae0.jpg

Back to gold and barter. We barter directly or with an intermediary TANGIBLE,,, like gold. ALL DEBT IS EXTINGUISHED. Since our money is debt money; if all debts were paid, there would be no money left in circulation. GOV creates more debt because that is the only way that it can circulate money. The debts are NEVER extinguished.
Those who are holding paper promises are holding notes that are only as good as the productivity and HONESTY of the counterparty. Now, we see that morality enters the picture.
"I know of no nation that fell into immorality that did not disintegrate" Douglas Macarthur. There might be a possibility of changing our economic course. There is NO POSSIBILITY of changing our moral course.

Antal Fekete explains what happens when gold goes into hiding and debts are never extinguished.
The Daily Bell - Who Said the Hydra Would Take It Lying Down

Hugo Salinas Prise is a very rich guy who is trying to get people to change the system and save themselves. He is not very optimistic. He is not pushing a newsletter or looking for donations or subscriptions or any of that.
The Daily Bell - Hugo Salinas Price on Gold and the Potential for '500 Years of Darkness'
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  #129  
Old 04-24-2013, 04:55 AM
Danny B Danny B is offline
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No gold

I'm going to try to do this without links. You'll have to take my word for it OR do your own research.
In 1922, the Head of the German central bank came to America for a visit. Germany's gold was on deposit at the FED. The head of the FED, Benjamin Strong asked the head of the German CB if he would like to see Germany's gold. They never could find it.
The Anglo-American empire needed lots of cash to prosecute all the wars that they had planned for Pox Americana. They secretly sold all the gold to get the cash. GATA has reported for years that there were many thousands of tons TOO MUCH gold CLAIMED to be in vaults.
The FED has refused to let anyone audit the gold. 92% of the gold that the FED stores in New York is foreign owned. Evidently, the FED couldn't even scrape together a few bars to let the Germans see them in the latest attempt from the German GOV to get it's gold back. The FED told the Germans to wait 7 years.

America/england needed to make sure that there was plenty of gold for investment purposes and debt clearing. The gold was all gone so, they invested paper gold to take the pressure off the physical market. The main outlet for paper gold was an electronic trading fund that CLAIMED to have hundreds of gold on deposit to back the movement of paper. (GLD) There were rumors for years that the gold wasn't actually there.
Just a week? ago, some pundit from NBC went to the GLD vault and came out with a gold bar and showed it to the camera and claimed. "THIS is what the vault is full of". A few days after that, a company called ETF Holdings checked the bar number from the broadcast and found that it was one of THEIR BARS from their vault.
Apparently, GLD couldn't even scrape enough bars to fake it.

Jeffery Christian from one of the big bullion banks admitted that they sell every ounce of gold 100 times. Everybody is getting very nervous. A Swiss citizen tried to get delivery of his gold from a Swiss bank recently. they told him that gold was used in terrorism and money laundering. They would not give it to him.
The gold from the GLD fund is reportedly held in COMEX approved warehouses. It just isn't there and people are demanding delivery of paper gold, allocated gold, and their private physical holdings. Texas university just demanded deliver of $ 1 billion in gold because they didn't trust the COMEX approved warehouse. One of the big investment houses claimed that the COMEX will default within a week..... or a few weeks.

The U.S. claims to have about 8,000 tons of gold. the treasury claims that the gold belongs to the treasury from the 1934 gold act. The FED claims that the gold belongs to them. In reality, the gold left years ago and now resides in China.
The COMEX will eventually default. Those who thought that they were rich will find themselves suddenly poor. This will cause a chain reaction of defaults. If 99 out of 100 paper gold investors find that they got the shaft, there will be a lot of leveraged losses.
Hugo Salinas Price spoke about hyper deflation. There would be NO money circulating. Gold and currency are referred to as high-powered money. Credit is called low-powered money. Credit can just evaporate and leave the system starved.
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  #130  
Old 04-24-2013, 02:24 PM
Danny B Danny B is offline
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gold and panic

EVERYBODY is trying to take delivery of their gold. Even delivery of allocated accounts is failing. Here is an article comparing the silver crash during the days of the Hunt Brothers to the problems of today. The 1980 silver crash was engineered but, wasn't sustainable on it's own. GOV had to raise interest way up (20%) to get investors to leave precious metals. There is no possibility of raising interest today. If it hit even 6%, there would be a total debt crash.
My Blog

"People need to be reminded that when the market broke in 1980, from $887 down to $449, it then recovered in a straight line to $750. If it wasn’t for the fact that Volcker had taken the cost of overnight money into the 20s (percent), and that 10-Year money was at almost 15%, gold would have gone and made a new high based on the tremendous amount of fear that was present at the time."

The market is leveraged 130---1 and almost broke last week.
Ronald Stoeferle: "Last Week We Were Really Close To A Default of The 130-to-1 Paper Gold Market" | Bull Market Thinking
The one thing that the market can not stand is a panic.

The senior bondholders of the Irish banks are going to be wiped out 100%. GOV has put a gag order on the Irish press to keep bondholders from demanding a redemption before they get skint. There will be plenty of panic to go around.
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  #131  
Old 04-27-2013, 03:39 AM
Danny B Danny B is offline
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Gold moving to the East

This is the latest on physical gold withdrawals from Approved warehouses to ???
65% of JPM's Gold Vanishes as Massive 8 Tons of Gold Withdrawawn Overnight! | SilverDoctors.com

5.5 million ounces gone in 4 weeks.
COMEX Hurtling Towards Default And People Will Be “Settled” With Dollars, No More Metal Will Be Delivered! | InvestmentWatch

The banks are losing bullion also.
COMEX PHYSICAL GOLD PLUMMETS -*GOLD DISAPPEARING FROM DEPOSITORIES EVERYWHERE | Liberty Gold and Silver News Blog
This guy from SocGen has 30 years experience and is predicting a big crash and hyperinflation. Absolutely amazing to see people predict huge downward crashes and then predict hyperinflation. It's all deflationary.
ALBERT EDWARDS: Confidence In Policymakers Will Collapse, Hyperinflation Will Come, And Gold Will Go Above $10,000 - Business Insider
Jim Willie said that bulk gold is going for $ 2,000 an ounce.
Jim Willie interview April 15 2013 about the metal smash down - Real physical gold over $2000 - YouTube

At first glance it may seem that gold is unimportant to the average person. BUT, there are a few things to consider.
1,625 tons of gold are mined on an annual basis but the LBMA is trading 20M ounces (625 tons) per day.

That is 150,000 tons a year,
This is the sum total of all the gold that has ever been produced in history

Gold is traded in enormous quantities because it has historically been the preeminent intermediary for barter. It is THE reference for physical value. It bypasses all currencies. 625 tons a day at $ 62 million a ton. The links above show thousands of tons leaving the country. What happens when the reference point goes way up in price from shortages?

Power corrupts and attracts the already-corrupted. GOV is by definition corrupted. The founding fathers demanded gold and silver money to keep corruption in check. The gold standard limited GOV and allowed the average worker to prosper.
The Correlation Between The Gold Standard And Stupendous Growth Is Clear - Forbes
The gold standard is gone and now, the gold is gone.
There are between 100 and 135 owners of every ounce of gold. Should the COMEX default, there are going to be a lot of unhappy people. They will stop spending currency when they find that they are much poorer. This will add to deflationary pressures.
There is speculation that a failure of delivery will destroy the entire COMEX.
Harvey Organ: The Moment London is Out of Silver, the COMEX Will Be Out in a Nano-Second! | SilverDoctors.com
It's hard to imagine what the precious markets will do when they have no metal to speculate with.
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  #132  
Old 04-28-2013, 04:55 PM
Danny B Danny B is offline
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Senor Price and Larry Parks

Hugo Salinas Price has a great interview at the Daily Bell. He claims that America industry is dying out because we don't have to make stuff. We can just print dollars to buy everything that we want. He proposes a simple plan to turn this all around.
The Daily Bell - How to Get the US Economy Going Again
Larry Parks gives a breathtaking presentation on the realities of our money situation.
The Daily Bell - Larry Parks: Everything You Ever Wanted to Know About Money Metals
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  #133  
Old 05-05-2013, 01:24 AM
Danny B Danny B is offline
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The success of the rich resulting from the failures of Bernanke's monetary policies

The Pew Report came out and said that the stimulus only benefited the rich.
The Daily Bell - www.thedailybell.com
Steve lindman has some interesting numbers.

"Since 1979, America's top 1% tripled its share of national income. It went from 8% to about 24%. It keeps rising annually.

From 1993 - 2000, top earners got 45% of income growth. From 2000 - 2008, they got 65%. In 2010, it was 93%. Corporations also benefitted hugely.

From 1998 - 2007, corporate profits rose 10% a year on average. In 2009 and 2010, they increased 243%. Excluded are sheltered amounts offshore.

In 2012, corporate profits were 12.4% of GDP. It was the highest level since WW II. At the same time, worker compensation hit a 57-year low.

In 2011, profit margins reached their highest level in over 80 years. Federal, state, and local government tax cuts benefitted bottom line performance. In 2012, profit margins increased further. They grew by 7.6% compared to 4.6% the previous year.'
SteveLendmanBlog: Simpson-Bowles 2.0

So, the rich are doing quite well.

Big, Bad, Bald, Ben Bernanke bet the farm that he could have cured the '29 crash. "THEY" gave him the chance to prove it on the current depression. His theory was that the CB could supply endless liquidity and that a depression could be avoided. He provided liquidity to the rich but, the problem was insolvency of the middle class. There is no cure for debt saturation other than default. He papered over the defaults to get the middle class back into action.
His stimulus was aimed at the rich and didn't do anything for the middle class. Global wage arbitrage wiped out the middle class. B,B,B,Ben Bernanke offered more debt to the middle class when they wanted jobs. He could have offered social credit to get a bit of inflation but, that still wouldn't have been more than a bandage.
The wage-price structure in America can not be supported by wages that would bring manufacturing back from the East. The price structure will crash in tandem with the wage structure. Kicking the can has deferred the crash in prices for a time BUT, it didn't create any jobs.
Bernanke's simplistic view was that he could inject money into the top of the pyramid and it would percolate down through the whole population. This view is simplistic because only employment allows percolation. He ignored debt saturation and global wage arbitrage. He attempted to devalue the currency and bring back manufacturing. America wages were somewhat of a hindrance to this ploy but, there was a far bigger problem.
50% of the cost of the average item is for finance charges. So, even if American productivity were on a par with other wage markets, American manufacturers would be at a cost disadvantage because of the high cost of finance and tax.
The hyper-productivity of the Machine Age is burdened more by the cost of finance than it is by wages.
The excess reserves can only move into the general economy as more DEBT. In reality, those excess reserves were never meant to move into the economy. The banks have no income BUT, they get paid interest on the free money. B,B,B,B, Bernanke is scared witless of deflation and has now discovered that employment is the key to inflation,NOT printing. His printing has also taught him a lesson about the marginal utility of debt.
You print TOO MUCH and the debt evaporates that much faster. ZIRP has brought capital destruction that offsets printing.
http://static.seekingalpha.com/uploa...47184308_9.jpg

Printing has brought deflation and a crash in velocity.
The stock market seems oblivious to this.
Margin Debt Hits Levels Seen Only ONCE Before! | Elliott Wave Market Service
A mega dose of deflation. Some of the big boys have already left.
Billionaires Dumping Stocks, Economist Knows Why
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  #134  
Old 05-05-2013, 02:00 AM
Danny B Danny B is offline
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Employment and Luddites

The industrial revolution slowly works it's way up the "ability ladder". First, it eliminated the need for draft animals. It eliminated most of the need for brute human labor. It displaced weavers in Britain a long time ago and resulted in a movement to stop automation.
Luddite - Wikipedia, the free encyclopedia
The argument against the Luddites was that automation would always create new jobs and lower prices. There has been a return to the idea.
Neo-Luddism - Wikipedia, the free encyclopedia
The latest version is technological unemployment.
Technological unemployment - Wikipedia, the free encyclopedia

The argument is;
"but the main benefit to the innovation is the increase in aggregate demand that results from the price decrease. As long as real prices fall (or real incomes rise), the additional purchasing power gives consumers the ability to purchase more products and services"

This appears to be true but, only to a point. The "invisible hand" demands efficiency. That generally means that the most efficient producer gets the job.
I already posted a bunch of links showing some amazingly "good" robots.
Reportedly, there are a billion computers in use today.
The private sector sheds workers who are the least qualified. GOV hires them to do make work-jobs.
The percentage of producers relative to the percentage of non-producers is constantly shrinking. 53% of Americans rely on a check from GOV.
100 million workers are not in the labor pool.
GOV has convincingly proved that it can NOT create legitimate jobs.

This problem is not talked about by those in power because they have NO answer.
Others have noticed and predicted this increase in the numbers of people who no longer have a job niche.
James Dines has predicted this and most other developing problems.
'"The Coming End of the Age of Jobs," or that it would lead to "The Coming New Social Order," but it is already unfolding. Unemployment in Europe already ranges between 20% and 50%, depending."
Kitco Commentary

Middles class wages and consumption are dying out.. Elizabeth Warren has a great lecture that gives all the details.
The coming collapse of the middle class. [VIDEO]
Wages will NEVER be coming back. Our competition works too cheap. One of the biggest Chinese manufacturers bought 500,000 robots.
If wages won't go up,,,, prices have to come down. The master resource is energy. A huge reduction in the price of energy would lower costs for MANY things that we want to maintain our standard of living. The alternative is a continuing drop in the standard of living.
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  #135  
Old 05-05-2013, 02:33 PM
Danny B Danny B is offline
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credit and employment

Japan has had 20+ years of deflation. They and the rest of world monetary authorities don't have A CLUE what to do. Japan with high-labor-cost crashed into China with low-labor-cost. The crash of labor brought deflation but, GOV rescued the banks to fight deflation. Now that this has failed miserably, Japan plans to print tons more money. Japan already tried to spend tons of money on infrastructure projects. That didn't work. Next plan doesn't look good;
"Especially shocking is the delusion that adding inflation to a deflation would somehow cancel each other out, but is in fact the futile attempt to cure a problem with its cause."
James Dines Follows His Prediction of a Commodity Crash with Another One the Mainstream Media Is Ignoring - The Gold Report

America, ruled by the bankers, plans to go down the same road as Japan. Labor has crashed,,,, money has been funneled to the bankers. There is/was a delusion that making the bankers richer would rescue the rest of the workforce.
Deflation is described as a reduction in the supply of currency AND credit. Since most people are debt-saturated, they have no use for credit and it is CRASHING .
http://www.zerohedge.com/sites/defau...rds%203.16.jpg
You can see from the graph that banks and corporations have shut down credit operations. GOV has borrowed $ trillions to stop the huge deflation.
The FED regularly talks about shutting down the printing presses. It's painfully obvious that shutting off the presses would bring a total freeze of the economy. GOVs use the words "austerity" and "cutback",,,, deflationary crash.
The timeline seems to be set
The markets will crash before the end of the year. We are expected to have 5 years of hard deflation,,,,, then, an eventual default.
"Ultimately, as my colleague Dylan Grice writes, I think we head back to double-digit inflation rates as governments opt to default. I certainly again expect to see CPI inflation above 25% in the UK and indeed in most developed nations in my lifetime"
Albert Edwards Predicts Deflation Followed By Double-Digit Inflation As "Governments Opt To Default, And Monetization Is Policy Lever of First Resort" | Zero Hedge
The economy was built on credit. Employment was built on the economy. With credit gone, employment will leave.
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Old 05-07-2013, 03:33 AM
Danny B Danny B is offline
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Collapse of the Euro zone

The German founder of the Eurozone is now calling for it to be broken up.
The Daily Bell - Globalist Euro Disaster: Euro Founder Endorses Bust-Up
Germany is on the hook for about a trillion in debt. Then, there are trillions more of risk associated with guarantees.
http://www.nytimes.com/2013/02/06/bu...anted=all&_r=0
The situation has gotten so bad that leaders are thrashing around in the dark trying to come up with a solution,,, ANY solution.
Eurozone crisis deepens as German 'sado-monetarists' refuse to back QE - Telegraph

The problem is that ALL of their theories have been proven wrong or unworkable. They say that they need to grow their export market. Consumption is falling and they plan to grow exports.
Austerity was going to squeeze out the money to pay all the bankers. Austerity hasn't even hit Britain yet and they have 24,000 deaths of people who couldn't afford heat. Spain and Portugal and Greece are dying.
It's a sad time for Europe.
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Old 05-11-2013, 12:28 PM
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found a very interesting article .... thought you might like it :

Our American Pravda | The American Conservative

found it here : How Elites and Media Minimize Dissent and Bury Truth — Paul Craig Roberts | Gold and Precious Metals

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Old 05-12-2013, 03:50 PM
Danny B Danny B is offline
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free energy anmd freedom

MonsieurM, those are both great articles. In a general sense, there are 2 factions. The socialists/communists and the corporatocracy/fascists are always trying to control GOV to insure that they get a guaranteed income. So, while the communists were infiltrating American GOV,,,, the fascists (London bankers) were already in control of American GOV.
Pure communism destroys incentive and motivation because you don't get commensurate rewards for your labor. You are allowed enough support to survive.
Pure fascism steals much of the rewards for your labor but, does not leave you enough to survive as part of it's policy.
A TRUE free market capitalism seems to be the best alternative because it would dis-allow monopolies. Since GOV and banks all rely on monopoly control, they would shrink to almost nothing.
The advancement of free market thinking would leave a LOT of unqualified people out of the labor market. BUT, the unfettered freedom of the free market always brings innovation and competition.

Imagine if there were open, free competition in the development of alternative energy.
The progress of the economy and civilization is dependent on price deflation.
The lower the price, the more people who can afford to raise their standard of living.
Consider the story of Nikola Tesla and Wardenclyffe. If it were implemented, it would have caused an enormous deflation in the price of the master resource,,, energy. Bankers don't want price deflation because the cheaper it is to live,,,, the less you have to work. They want you to be laboring for all of your hours and years,,,, creating wealth for them to siphon off through money printing.
GOV doesn't want personal energy independence because it would seriously reduce central control. The smart meter isn't about efficiency. It is about central control. HV transmission lines lose 17---25% of power. If GOV wanted power efficiency, they would work towards distributed generation, not central control. Power companies have started building HVDC transmission lines to get around some of the problems. Anything to maintain central control.
Communism and fascism are always enforced with guns. Free energy would tend to starve the beast and reduce it's enforcement powers.
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Old 05-12-2013, 05:10 PM
Danny B Danny B is offline
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Corruption and the replacement of the dollar

Lord Acton said, "power corrupts"
Douglas Macarthur said that all corrupt societies collapse. This vid has a long exposure of the saturation of corruption in Western business, finance and GOV.
Columbia Economist Dr. Jeffrey Sachs speaks candidly on monetary reform [Full version speech] - YouTube
This weekend, the G7 (debtor countries) are having an emergency meeting in London. G7 finance chiefs to discuss bank reform push - chicagotribune.com

For decades, emerging countries have invested in the sovereign bonds of the developed countries. They have been thoroughly screwed by Western money printing.
This weekend, most of the emerging countries are having a meeting in Istanbul to producing a new currency system to exit from the Bretton Woods agreement.
Global Finance in Transition conference to take place in Istanbul / News / G20
The G20 is invited but, they won't have control. You can imagine that this conference is not getting publication in the West. The West doesn't want to give investors fair notice that the dollar system is being replaced.
How Elites and Media Minimize Dissent and Bury Truth — Paul Craig Roberts | Gold and Precious Metals

Rumor is that the conference will result in a multi-faceted reserve currency that will replace the dollar. These dollars will be sent back to us,,,,, for safe keeping.
Red Alert! Frontside INTEL Coming In: Trillions Of Dollars Coming Back To The US! | Forex
The stock market has been pumped up to astronomical numbers with no underlying value.
GET READY: The World Is In For A Massive Shock Not Seen Since 1929!! The Next Financial Crisis Is Going To Be Disastrous!! | InvestmentWatch
Everybody knows this but, they ALL believe that they can exit in time. STUPID investors haven't thought out where they will exit TO.
This conference will seal the fate of the dollar-reserve system. The West has tried to destroy every country that tried to exit the petro-dollar system. The new BRICS development bank will do exactly that.
They will undoubtedly implement a payment system to compete with the SWIFT system. Here is a cute JPG on the currency war with china.
http://2.bp.blogspot.com/-_cbSgg-wfs...rrency+war.jpg

This article has a comparison between electronic money and paper money;
"I would definitely argue that consumer price inflation is easier for central banks to rectify. As such, the electronic version is proving itself a more dangerous tool than the traditional currency printing press."
The Prudent Bear: Thoughts on the Electronic Printing Press

GOV is automatically corrupt. GOV prints paper and says 'TRUST US" . Other GOVs say " my dear fellow rat, I only trust your gold". The gold is gone and the trust left a bit later.
The London bankers own the FED. The FED has screwed the world. The R.O.W. is pushing out the London bankers so, the London bankers are having an emergency meeting. Maybe they will have fish for dinner. Monty Python.
http://i2.ytimg.com/vi/YoBTsMJ4jNk/hqdefault.jpg
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Old 05-16-2013, 03:15 AM
Danny B Danny B is offline
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Destroy the dollar

Obummer wants to kill the dollar. "he was given one of the strategies for reviving a dying U.S. economy. It involves devaluing the U.S. dollar to affect renewed export demand."
Libertarian Today: Report: Obama administration intends to destroy the dollar to "solve" economic crisis, wiping out savings of millions
Russia and the BRICs plan to kill the dollar.
Testosterone Pit - Home - Russia's Plan For The BRICS To Dismantle The Dollar*System
The Arabs want to kill the dollar;
Operation ‘Easter Egg’: 200 Arab Billionaires Conspire to “Kill” the Dollar | Beacon Equity: Penny Stocks, Stock Alerts
War will kill the dollar;
The War that will Kill the Dollar
The Eurozone wants to kill the dollar;
GEAB N°74 is available! Global systemic crisis: The war has been declared between the economic-political world and financialbanking interests

A friend once told me a story about a friend of his who made a Molotov cocktail. He used a 5 gallon glass water bottle. He filled it and was ready to light it. It dawned on him that he could never throw it far enough away that it wouldn't get him too.
Killing the dollar would result in a crash of the Chicago commodities board.
Chicago Mercantile Exchange - Wikipedia, the free encyclopedia
That is where many farmers go to get financing for crop planting.
http://www.cmegroup.com/

You can see where this is leading
Terra is currently getting hit by X-Class flares. The weather is already cutting back on future agricultural production. The death of the dollar would bring food price inflation. Here is a graph relating food price to revolution.
http://necsi.edu/research/social/img/fig1_crises.png
Killing the dollar is bound to have some blowback.
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  #141  
Old 05-19-2013, 01:48 AM
Danny B Danny B is offline
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Europe

I traveled around Europe and Asia on a Top Deck bus for about 10--11 months.
Top Deck buses - YouTube
I really like the place and the people. Their attitudes were quite different than America. The good times there are coming to an end.
The bankers printed enormous sums of imaginary money. They lent it out at a low rate of interest. When the low-wage producers crashed into the high wage countries, jobs were lost. The aggregate national income dropped.
The loans were priced at low-risk but, the loss of income made them high risk.

The banks had mispriced the risk by ignoring the rise of the BRICs. When the World Trade Organization voted most-favored-nation trade status for China, that action doubled or tripled the risk. Loss of income caused defaults. The bond holders and stockholders of the banks should have borne the loses because they previously gained the profits.
The mantra of the bankers was/is NO BANK INVESTOR SHALL EVER LOSE EVEN ONE PENNEY . The GOV printed treasury (public) debt to cover the losses that the investors refused to pay.
The losses were caused because bankers mispriced the risk. The solution is declared to be austerity. Everybody takes a cut in wages or a loss in jobs. The error was mispriced credit but, the solution presented is a reduction in wages. The engine of consumption and productivity has stalled. The rich investors dodged the bullet but, it caught the middle class.
This isn't entirely true because there are a lot of middle class people who are investors in mutual funds. There are a lot of pension funds invested in bad notes.
It might have been possible to separate mom-and-pop and granny from the rich investors but, it didn't happen.
The big problem is that Europe just has too many banks and too much debt. EVERYBODY was living on credit,,,, wages that they HOPED to earn. Not only are the wages gone but, all those trillions of household debt are still there.
Here are the numbers.
A Few Quick Reminders Why NOTHING Has Been Fixed In Europe (And Why LTRO 3 Is Not Coming) | Zero Hedge

Spot The Odd Continent Out: Total Bank Assets As % Of GDP | Zero Hedge

It's going to get ugly and very sad.
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Old 05-23-2013, 02:25 AM
Danny B Danny B is offline
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Corruption

Almost all markets have been distorted by corruption. The FED is a wonderfully corrupting entity. Corruption is essentially an effort to receive compensation greater than one merits from one's own efforts. Both socialism and fascism are corrupt by this definition because they both try to redirect compensation disproportionately. Capitalism is fine as a production system as long as there is direct barter.

Once a non-tangible intermediary is introduced, the corruption takes hold. The producer no longer controls distribution and remuneration. If gold or salt or shells are used as a tangible intermediary, the opportunities for corruption are greatly reduced. Corruption is the necessary centerpiece for both bankers and bureaucrats because their actual productive contribution to productivity is minimal or nil,,,, or negative.
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Old 05-23-2013, 03:52 AM
Danny B Danny B is offline
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The paper money scam

All GOV is socialist. All GOVs steal to redistribute. The first job is to steal the money. ALL fiat money is backed by violence, nothing else. You work for your money,,,, GOV just prints what they want. This would be too obvious so GOV collects taxes to keep up appearances. The Grace Commission created by Ronald Reagan reported that not one cent of collected taxes goes to GOV. It all goes to pay interest debts to bankers. GOV prints dollars which reduce and dilute the value of the dollars that you had to work for.

GOV doesn't want you to do any transactions that can't be taxed. They want all transactions to be recorded. Only .4 % of U.S. money is in the form of paper money. This is called money of zero maturity. MZM. All other forms of money have a due date or a maturity date. In the interest of tracking and taxing all transactions, GOV only prints small denomination bills. They also make it a crime to make large cash transactions without reporting.
Here is a guy who had cash confiscated because he couldn't prove to the cops that he INTENDED to do a legiimate transaction.
Officials Confiscate Cash and Property — for No Reason

GOV is in a hard push for the cashless economy. Forget about the huge control issues. Banks would have access to ALL savings. GOV would have life-and-death power over everyone.
The Net (1995) - Trailer HQ - YouTube

For thousands of years, any "money" that wasn't a store of value always failed. The bankers got us to go from gold to receipts for gold. Then, they got us to accept inbacked paper. Now, they want us to work for electronic digits. Next step is to erase all traces of a physical medium in transactions. Nigeria is now being forced to accept cashless transactions under the control of Mastercard.
Historically, all money failed it it weren't a store of value. It appears that the PTB will shove it down our throats if given the chance.

"How do Americans beat the Federal Reserve Back into Submission? We Barter. If you do not use the Federal Reserve notes for trade then the Federal Reserve is powerless to charge interest for use of it’s money. Using Gold, Silver even bushels of corn all negate the power of the Federal Reserve. However there is a catch.. The IRS (Police force of the Federal Reserve) says barter transactions are taxable under the Tax Equity & Fair Responsibility Act of 1982. You trade your neighbor fish for some corn, the IRS wants a chunk of it in the form of a tax"
Why The Federal Reserve Hates Bartering « Kipnews | Knowledge is power

Not happy with the money coming in from Tax, The FED cops (IRS) want to manage obummercare. The have armed their agents to do collections.
It's almost enough to make you sick.

History notes;
The History of Money – Barter, Trade, Gifts, Coins, Bank Notes… « Perpendicularity.org — Blog
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  #144  
Old 05-28-2013, 02:57 PM
Danny B Danny B is offline
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The consequences of free energy

"Ever since we have discovered fire, humans have been on a fast track to harness more and more energy for their use. More energy always meant a higher standard of living. Slavery was made obsolete by more energy. Women’s status has improved as soon as more energy was available. Large families stopped making sense, when child labor stopped making sense, and that was due to more energy being available. Life in the US is so much better than other parts of the world, because there is more energy available for each person living there. And we are just scratching the surface of what is possible.

At some point along this line, what I will call the Global Controllers had a realization: as soon as any human on the planet has access to abundant, unlimited clean energy their “power over others” games would be over.
Inelia Benz: Free Energy
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  #145  
Old 05-29-2013, 01:03 AM
Danny B Danny B is offline
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Bail ins

I'm sure that some of you have been busily working in your shops reaching for ZPE or something equally interesting. I want to make this very clear so you can't say that nobody told you.
When you make a deposit at a bank, you are LOANING the money to the bank. They can make you wait for several days to withdraw THEIR money. You saw in Greece where the depositors got a "haircut". The bank took their money with your name on it and made themselves whole again.
Most countries now have these bail-in provisions on their law books. Even Switzerland implemented these confiscations.
Switzerland Revises 1934 Banking Act to Allow Bail-in Deposit Confiscations! | SilverDoctors.com
The banks gambled on the derivatives. If they lose a bet, YOU get to pay off the losses. The amount at risk is speculated to be between $ 700 trillion and $ 1.1 quadrillion.
Every time that we have a holiday where the banks are closed for a day, things seem to go crazy.
Jim Sinclair: Entire US Banking System Missed a Bail-in Collapse by a Hair Tuesday! | SilverDoctors.com

Go to Weiss ratings and find about your bank. Better yet, find a good credit union to join. Weiss Ratings

BTW, if the banks steal your brokerage account, the do not have to pay you back if they didn't really mean to steal it,,,,, so says the Ninth Federal circuit court.
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  #146  
Old 05-29-2013, 03:17 AM
Danny B Danny B is offline
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poverty and wages

Here are a couple of sites that report on poverty
The Real Numbers: Half of America in Poverty -- and It's Creeping Upward | Alternet

Activist Post: 40 Statistics About The Fall Of The U.S. Economy That Are Almost Too Crazy To Believe
There are 100 million Americans not in the labor force. Subtract their wages from the aggregate national income. Wages have been falling for years in true purchasing power. Great graphs.
The Truth About Competitive Devaluation | ETF DAILY NEWS
Subtract the deteriorating purchasing power from the national ecomomy.
The wage base has disintegrated but the bankers are trying to maintain prices.
The wage-earner has defaulted but, the FED has printed to make up for the difference. The FED debt is morphed into Treasury debt for our kids to pay.
The system just won't hold together that long.
Do The Math - YouTube
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  #147  
Old 06-02-2013, 05:12 PM
Danny B Danny B is offline
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Inflation, deflation, wealth and confusion

Inflation is defined as an increase in the money supply.
Deflation is defined as a decrease in the money supply.
The money supply includes cash, checking account deposits AND credit.
Our central bank, The FED only creates a small portion of currency and credit. The banks create the majority of credit.
http://media.theweek.com/img/generic...oneySupply.jpg

After the 2008 credit market crash, credit was seriously reduced by the banks. The FED stepped in by creating about $ 26 trillion to make up for the loss of credit. This makes it difficult to keep track of inflation/deflation in the money (credit) supply.
To make things even more difficult to track, not all money is created equally.
FED created money is called high-powered money. So too, are gold and bank reserves. Bank-created credit is called low-powered money. The distinction seems to be whether or not, the money is subject to default. To add to the confusion, the monetary base is not the same as the money supply.
https://en.wikipedia.org/wiki/Monetary_base


Thousands of years ago all productivity was aimed at producing tangible goods. Gold became the standard untermediary for physical exchange that was more effciient that direct barter. Tangible wealth could only be stolen by forcible robbery. Paper money was invented by bankers to correct this shortcoming.
Money - History's Biggest Scam - YouTube

Paper money comes with a built-in temptation. If some is good, more is better. It is always over-printed. Paper currencies generally last 30---40 years before they go bust. The U.S. dollar as an unbacked currency is 42 years old. The main problem for workers is that they have to work hard for their dollars. The central bank just prints dollars with no cost. They get free money. Our central bank is owned by private banks. Both groups print free money. Since they are "first spender", they receive wealth without any real effort.
A currency is referred to as a fiat currency if it's acceptance is mandated by law. All GOV authority comes from the point of a gun. Bankers own GOV and force you to use their worthless paper at gunpoint. They give you paper and you give them wealth.
The Grace commision reported that NO tax collections go to GOV. It all goes to the bankers. Contrary to what GOV would have you believe, GOV prints ALL the money it spends.

A federal reserve note is thought of as wealth. ALL FRNs are created as debt so, how can they be considered wealth. All of our circulating money is debt instruments. If GOV prints more debt instruments, how can that be considered an increase in wealth? This further clouds any discussion of inflation.
Wealth is tangibles. Tangibles are constantly being burned up and sent to landfills every day. Currently, wealth is being reduced faster than it is being manufactured. We are in a depression. The physical economy is shrinking.
The banks print more paper to compensate for less wealth. Economic deflation couple with currency inflation. More confusing.

There are too many banks, too much debt, too little income.
Credit is a means of moving consumption forward. We spend the wages of tomorrow for goods delivered today. In most cases, this is plain stupidity. If we use credit for productive investment, we will probably have enough profit to repay both principle and interest. If we use credit for consumption, it is much more difficult to produce enough to repay both of these.

We reached into tomorrow to pay for today. When tomorrow came, we lost our job and couldn't repay. The banks stepped in and printed the money to lift the default and passed the bill on to our children.
Prof. Kotlikoff said that our unfunded liabilities amount to $ 212 trillion. There will be an eventual default.

The first-spenders are printing more debt for us with wild abandon. The Western defaults are multiplied a thousand times by the derivatives written on them. The bankers justify unlimited printing as necessary to pay for 1$ quadrillion in bogus derivatives that are going bad. they plan to give us a good screwing before it is all over.
Forget about inflation/deflation arguments. Just look at actual wealth.
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Old 06-02-2013, 06:02 PM
Danny B Danny B is offline
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Jim Willie, debt money

This is what Jim Willie wrote about the distortions created by considering ebt to be wealth;
"The confusion of money, ordained debt backed money used as legal tender: The floating currency system used by the United States and the West has a pernicious undercurrent, whereby by default the Western currencies are deemed essentially as denominated debt coupons, designated for usage as money for managing transactions and settling debts public and private. The West thereby has confused money with legal tender for several decades. The Western money is not money, but rather denominated debt. The foundation of the monetary system is sovereign debt, in deed, in reality. Not 1% of the American public comprehends this subtle but highly important point. The super abundance of debt has reached crisis levels, and has been in writedown phase for over four years, since the Lehman Brother signal flare event. The phony debt based money has persisted. For decades the wealth accumulation process has been laced with the cancer of phony money. As the debt correction occurs in accelerated speed, the sovereign debt of the West undergoes deep losses. In the process, the nasty consequence is that entire national wealth vanishes as part of a debt writedown. It can be seen in the planned failures of systemically important financial institutions (SIFI), as the Bail-In features wipe out private accounts. The private accounts for savings, stock accounts, futures accounts, even pensions, are merely badly defined debt markers within the vast cockeyed skewed misaligned perverted system. Much of the US private wealth will vanish in the debt writedown and financial firm failures, one decade after phony home equity wealth vanished in a similar manner."

Here is the link. It will show you the complete criminality of Western GOV and finance.
http://www.24hgold.com/english/news-...redirect=False
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Old 06-04-2013, 04:25 AM
Danny B Danny B is offline
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The Euro

When Nixon took America off the gold standard august 15, 1971, leading monetary authorities were shocked. Their solution was to come up with an alternative. They designed the Euro very carefully.... they thought.
Now, the German founder of the Euro is caling for it to be abolished.
German euro founder calls for 'catastrophic' currency to be broken up - Telegraph

It has come out that some of the archetects of the Euro/Eurozone know that it would fail. NO currency union has ever worked unless there was a political union also. The politicians thought that they could force a political union after the inevitable collapse. They have freely admitted this,,,, recently.

Then, there is the claim that the bankers planned the Euro collapse so that they could get rid of all democratic representation and sieze all asets.
"The Euro Was DESIGNED To Fail!" - MOC #158 - YouTube
The bankers print free money and then go to work to convert worthless paper into tangible assets.

This is what Jefferson had to say;

"If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] . . . will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered "
We are going into deflation but the debts are growing. The banks will simply demand all public property be turned over to them. It's been done many times.
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Old 06-23-2013, 06:03 PM
Danny B Danny B is offline
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currency wars

Monetary inflation results in a weak currency. A State weakens their currency (prints money) to gain or regain market sector and jobs. A weak currency spurs exports and lessens imports. Labor is in infinite supply if you include machine labor. Resources are in finite supply.
As you weaken a currency, resource prices rise but, labor does not.
Currency inflation seen from the ground floor is just a cut in wages.

States initiate currency wars to preserve or gain jobs. But, since wages were reduced, there is a net lowering of purchasing power and consumption.
In 1968, you could buy a gallon of gas with one silver quater. Today, you can still buy one gallon of gas with one silver quarter. Monetary inflation steals the value of your labor to send it to the non-producers.

Obviously, a currency war is a death-spiral. It is therefore a last act of desperation by the non-producers. Once that inflation fails, we fall into deflation.
"This is the essence of the Fed’s gamble. It must cause inflation before deflation prevails"
http://dailyreckoning.com/prelude-to-currency-wars/
"The Fed’s remedies — higher rates and tight money — are likely to lead straight to the kind of depression the Fed set out to avoid in the first place. The U.S. economy is resting on a knife’s edge between depression and hyperinflation"
We have had 33 months of falling retail sales. Everything is being sold.
Stocks, Bonds & Commodities Are at a Major Sell-Off Point | Peak Prosperity
So, everything is falling in value.
Mish's Global Economic Trend Analysis: No Hiding Places

The globalists wanted a global finance sytem. Apparently, they didn't understand the end results.
"In his valedictory speech as the head of one of the most respected economic think tanks in the world, Fred Bergsten was tempted to triumph the competitive liberalization of the global economy he championed for the last half century, including nearly two decades in the U.S. government."
Bergsten Warns of Currency Wars in Peterson Valedictory Speech - Real Time Economics - WSJ
All of a sudden, the globalists have caught on to the idea that super-low wages results in super-low consumption.
The end result of lowering wages is a loss of purchasning power and a shrinkage of the world economy. NOT part of the plan. It also results in increased poverty.
States print money to increase employment. The actual result is to decrease purchasing power. They have impoverished their people and the people are not happy about starving.
How Currency Wars End - Mike Shedlock - Townhall Finance Conservative Columnists and Financial Commentary - Page 1

Energy companies have a huge exposure in the bond markets. Should there be a bond collapse, they will not have capital to conduct business as usual. They already expect to crash as distributed solar power increases.
Solar panels could destroy U.S. utilities, according to U.S. utilities | Grist
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