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What he said. Thanks for all the great articles this year.
Thanks for all the great articles this year, GW.
Bingo! You hit it on the head. What ever happened to anti-trust legislation? Not that I think there is a prayer in hell, but busting up all these mega corporations so that they cannot afford to buy congress is an essential building block to an ultimate resolution.
I got lost. Perhaps, next time you could leave a trail of breadcrumbs before descending into the labrinth of your analogy.
Very nice article George.
Goes to prove it's a concentration of hegemonic power problem,and not a water,or paper money problem.
When we understand the shenanigans behind the charade, it doesn't look like a big mystery anymore.
Democracy was a nice experiment. Game over! time to turn the page................
What about the part where the gov't gave water to the Big 5 so they could just lend it back to the gov't with interest?
Merry Christmas George, I have enjoyed reading you writings, please continue.....
interesting analogy. exactly what the financial community wants
in the future is water. control of water and taken away from
the public sphere and into private control and ownership. for price gouging
/ financial profit, just like the bond market,
just like financing. that communities cannot finance themselves,
government, and need to borrow is a function of private and fractional
reserve lending with interest at the core of money creation, resulting in "inflation".
aka. political control of a people via contractual obligation.
the standard line is nifa imposes fiscal discipline. they do this by hooking
the addict to heavy debt drugs and usurious interest payments. this expanded
puts the user, needlessly into the position of selling their precious for
further rounds of usury and dismal collapse of utility and local abundance.
no fear, the resource will be sold at a profit elsewhere. these vipers have
it down to a science. of course there is a g.s. connection.
so you read through this and think, what is stopping nifa from buying
a cds on the collapse of the county finances while simultaneously
leading dysfunctional politicians and unions down the path of budgetary
insanity, no tax increase and further borrowing to pay interest and etc..?
nothing. they can as a private corporation, appointed by the state, do
as they please, and my guess is they will. end result, they will own the
tax base and the water right of the county of nassau. and the "money".
anyway... minute 17:00 - 18:00. here. the story
I think your making it too complicated. Just stick to the facts as truth is stranger than fiction and carries more 'water'. Everyone knows Wall Street and Washington are bed fellows, and they know that we're being ripped of royally. I don't know about you, but I'm connecting the dots with details and will soon be out. But that doesn't even resonate with the masses. Because they still don't know what to do nor why they should do what needs to be done.
I'll explain that too in a 'Contract with America'. We're talking Revolution, The New American Revolution to be precise. It's already begun and I'm going to give it a big shove. If we can vote together on what we agree upon, the hard part will have been done by 2012 just in time for whatever cosmic calender dates may be (like crossing the galaxial plane?).
In any event, whether you decide to participate or not, your still in the game and your going to have to play the hand your dealt. The only question you need to answer is if your going to fold, or play it for all its worth.
The difference means you either wear chains or you live Free. It's an easy decision and that's why we'll win. Just tell them the truth.
30 or 40 new fish in that pool of sharks hardly makes a new revolution. Nice start if they don't get immediately eaten, though......
It's easy to make things too complicated. Keep in mind the number of people who can't make simple change, or who think that "billion" is just another way to say million with extra emphasis. GW's example isn't bad for explaining some of the ways we're getting boned, but the general public's eyes start to glaze over even when explaining the most basic topics.
People relate best to people; after all, they are one (if tenuously).
Good example is inflation; people have at least some understanding that "stuff costs more than it used to", but good luck getting them to, say.... recognize the possible drawbacks of runaway printing.
A simple example that has never failed me is this; say the government decides tomorrow to just give everyone a million dollars out of thin air. Poof, you have a million bucks. I ask them what the first thing they'd buy for themselves would be... usually something like a big screen TV or a Playstation. So I point out that quite a few other people also want those items... and that they also have a million bucks.
Then I ask them how much they think a PS3 will be selling for a week later. They catch on fast, because you started with a simple event (the million bucks), resulting in a simple behavior on their part, expanded it to reasonably expect that others would act in a similar fashion, and then moved on to a result. All things they can immediately understand - even an idiot understands two people wanting one thing. And best of all, you did this without bringing any concept of right or wrong into it - if you ask them, they might say jacking up the price of the PS3 is somehow "wrong", but they'll certainly expect it to happen anyways.
People tend to get hung up in economics on what they think is right or wrong, or in failing to understand the nature or motivation of entities that are larger than a single person (Such as the Fed ... or GW's Federal Water Reserve). To them, companies and bureaucracies aren't "people"; they're expected to simply do what they're directed to for unfathomable reasons. But they expect individuals to act much like themselves.
I built the cashflow engines for mortgages back in the late 90s and early 00s...everyone in the analytics department knew the value of these horizontally-tranched mortgage pools (better known as CDOs later) were *completely worthless*. There was no secret. Wall Street *DESIGNED* these vehicles for hedge funds who wanted an above-market yield in the short term (a few years), and didn't care if they lost 100% of the principal down the road. It was the perfect solution...a headless fund-of-funds money manager would simply buy this toxic garbage for the 8% CONSTANT yield for a few years, take his 2 & 20 (after Merrill took their cut for finding customers), only to suffer catastrophic losses later. The fund "profits" were never returned, the fund manager got paid, the banks got paid finder fees and exorbitant securitization fees on the CDOs themselves, and the customers (suckers) got wiped out.
Woo hoo, everyone wins!
Remember, if a pool of mortgages given to illegals (each having 20 mortgages) to buy Florida investment condos suffered only 4% of losses, the super-senior AAA CDOs were a 100% PRINCIPAL loss.
Assuming 10% defaults and a 60% recovery rate, every single holder of super-senior AAA paper was wiped out, suffering a 100% principal loss.
Smell ya later. Thanks for the contribution suckers.
I thought of adding some analogy about the Federal Water Reserve drawing moisture out of the clouds and giving it to the big water companies, and thus depleting future water resources and necessitating future austerity -- but that seemed too complicated.
What do y'all think?
I think you should add it, think of what happens to the east side of the Rockies.. dry desert... impacts the ability of people and crops to grow and live, not just in the future but now, (like the middle class)? Not sure if that works...??
Its another green application .. This time in multitoxic desalination of the Federal Water Reserve ... and a private/public partnership in developing these emerging technologies.
Nice read all year Geo. Thanx
'What do y'all think?'
I think that Washingtons Blog is a national treasure.
I agree, and thanks George for your hard work this year!
Merry Christmas George, and thank you again!
Agreed.Thanks George for you efforts in bringing forth the truth & 'sticking' it to them.
I also try to stick a spanner in the cogs of the PTB whenever I can.And you all should too.
Fight damn it, because the alternative is slavery.
There are a few people I tip my hat to because they truly get it. Hat's off to you for not letting go of the facts. You truly get it and understand the vast dynamics of the robbery. OBTW the article on the oil was spot on. Do you realize they are still operating 3 rigs at the spill site at like a million a day per rig? ROVS still spraying on the fractures? My guess is one of those rigs is hitting the seepage at the bottom so nobody will ever know the extent of the existing damage. Happy Holidays and keep up the good effort in telling the truth.
Damn Man...It be the eve of the eve of X-mess.
Now... you just lighten the hell up... enough with all this gloomy and doomy stuff and such downers. Just git on over to the parties and tie one on.
Mean whilest... And in the happy and forgivening spirits of the season... over at SmokeyJimQuinn's sheep-paddock blog www.TheMoronsPlatform.com he, ands the other Hilly-Willy Sheep, has raised a tribute to Yours Truly.
Since being in the festival and carnival spirits... not to mention the fine home-brewed liquids and better yet home-growed BCBud vapors and such like... I will soften myselves towards the 9/11Moron and link up honestly and troofully Y'alls to The MORON's blog for a few laughs... giggles... etc. etc.
"In honor of one of our founding members, David Pierre, I will treat you to a Redneck Christmas tribute."
Being as I is, and continue to be banned and deleted from Quinn's sheep barn blog, I will post here my sin-searest gratifications and thanks to him and his for such honourifics.
And F#(%> Y'all... Good Night!
ps: TheDP's Birthing Day is twomorrows on the Eve ... I'd be pleased to accept any pleasentries via...
pps: I could not help myselves.
Just had to do it.
Hoe... Hoe... Hoe !!!
Get Er Done!
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