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Everlastingly men seek to further their comfort in this world. Best it is done by barter with their fellow man in strict adherence to regulatory law derived from the most fair law. The garden of creation is defiled when men seek to obtain by fraud or force. Rather than farm or manufacture, men try to take by sword and rule of rigour.
There is no component of monetary transaction so necessary as morality. That one agent may completely exchange with another completely, without subtlety, innuendo, winnowing attainder, or smallest reservation. That both meet, make durable comparison and equal trade, and part, without any further engagement is the quintessential act of perfect trade.
But small men cannot allow such perfect exactitude. They must find ways to control not only the unit of account, but also must monitor and exact tax upon each and every capability of man that makes a switch that furthers his material comfort. Small men must control the most perfect commodity used which SHOULD hold indefinitely the summations of his exchange. And then they corrupt and make fast half-life degradation of it. Next, they learn the careful ability of holding their fellow (but infinitely duller) neighbors in annual servitude. This they do by both condemning their fellow by the law if he does not offer up tribute to the state yearly of whatever paltry gains he may make by sweat and blood, also they do so by by issuing (without the citizen's EVERY consent) new bonds of differing duration which claims upon his futurative labour. This shall be torn from his economic body whether he is ready or no.
The men who seem most readily able for such a mercenary performance are those who are supposed to espouse the highest of high ideal. These are the men of high state, supposed of purest motives, without personal thought, whose every purpose and, indeed, devotion should be to the betterment of their fellow men.
Too bad that this is a lie.
They seek office for vanity and riches. They suborn the idyllic laws to obtain that which is not inherently within them.
They promise far beyond their capacity to deliver. Their promises, built upon broken backs of the yeomen who (ignorant of their treacherous barter) believe in the gilded guiding lights of a constitution or bill of rights, are subtracted from those who virtuously act to better their lives and those under their husbandry. The malefactors, by their subterfuge, are enriched (but never satisfied) while the good find their stores raided, their ample labour made suddenly unsatisfactory for durable existence.
Those whose existence is pretenced upon stewarding the storehouses of all, and whose earliest nursings were in the mother's milk of Judeo-Christianity, lately seem to spurn the simplest of black law. THOU SHALT NOT STEAL. Thou shalt not debase. Thou shalt not sneak, nor take without equal exchange. Thou shalt not make uneasy, the populace who depend upon you to safeguard their stores. Thou shalt not deprive they neighbor of his substance. Thou shalt not try to mask the insolvency which long arrogance against the laws of GOD and man have brought you to. Thou shalt not seek to place the want of idleness upon thy industrious neighbor. Thou shalt not seek to obtain abundance in excess of the possible.
This nation and many of its inhabitants have unwittingly imbibed from a fouled fountain. That fountain is the same as Sodom and Gomorrah. Its art and downfall was in taking riches not earned by setting foottraps and snares for the unaware wayfarer. Making and innocent sin and defile himself against the law in order that the snaresetter may strip him of his goods--and possibly set him wounded in an infrequented road. This is their art. This is their means of attaining a marketbasket. THIS IS AN ABOMINATION TO HE WHO PUT THEM UPON THIS TINY BLUE STONE.
This is the policy and urgent work that the central bankers about the world enact.
IT IS INIQUITY.
Put the balance sheet right. Liquidate that which must be. Let the chips fall where they may.
Usury has always been proscribed in all holy literature. Kick against the pricks as they try, they cannot remake the old laws.
Bankruptcy must be declared. The wound must be endured. The healing begins only when the fullness has been suffered.
Otherwise it is maelstrom, limbo, zombification, a world of never movement.
The earth hates a cheat, a tyrant, a liar, a thief. Yet this is all the financial world is composed of anymore. In great and small degree. It is time that those who hope for a higher plane, turn their back and never look back upon a system that has no future and infects all who touch it.
May God bless us all with the ability to live through this and come out the other side with a better world to live in.
Unfortunately there is very little prospect that we will get to the "other side" and the world will be better. It is almost certain it will be worse. The problem is that for many of us it will be "worse" for the rest of our lives.
Even less prospect of God playing a part unless He starts buying USTs in size.
If that was an 'I like God' junk then it is incumbent upon you to elaborate as to how God will help at this juncture.
I wonder how many junks you would have got if you said thing like "GODDAMN" or "HOLY FUCK". My bet... more then 2.
We're screwed. God has been dead for a long time.
actually, if you strip out the Nick Cave verbiage, Alexandre pretty much nailed his Jeremiad.
BTW, I junked ya Harbourcity.
Of course there IS a god (sans penis nor beard...). We wouldn't even be here kvetching about the Drama if there wasn't....We're screwed because MAN has been dead for a long time....We're screwed because Man is an amnesiac with "urges"
This is a "gentle" application of bad behavior. Create a crisis, disrupt everyones dreams and plans to reformat and reforge the way the world will be changed to. Like emptying the bank account and buying a boat without talking to your wife it's a power play. No holds barred comes after it doesn't work.
Of course they don't want this to be a horrible hell on earth. They just want you to go back to school pile up a student loan and work 12 hours a day for next to nothing making their new world. You know how to fix a stator on a 50 foot wind turbine. They want to teach you.
"Central bankers alone cannot solve the world’s economic problems.” No, but they sure can create them
CB'ers controlling currency paper are like muons in the Hadron Collider.
the effect this will have on food and fuel prices combined with the fact that it will almost certainly fail to do any good for the economy may very well take this country to the tipping point of social order.
quite clearly...the enemy has breached the castle walls and is now among us.
this is gonna get ugly.
Among us ... Humungus ... And among us.
After 10 months of your comment I think tienez reason and in Europe beginning to take to the streets in protest of the workers cutting measures. Other countries such as Portugal, Italy and Spain with major problems
Alquiler de pisos - Hipotecas - Fotos de paisajes
This is an important ZH post. This is the future. This is what is happening. Few notice, and 98% don't care.
Which lives, in the event of currency collapse, may well prove nasty, brutish, and shortened.
quite a meltdown "engineered at the top" indeed. of course name a single government phuck who ever respected a work ethic. "you come to us" is what i was told.
I think Cheney worked hard. He did manage to get himself a bum ticker.
The Free Market
Contract With America
Edward Bernays* must be so proud.
*Father of modern Propganda [publ.1932]
great book ... just reading it
Makes a helluva sauce too.
Don't be saucy with me, bernaise.
I have no idea why you were junked twice.
"They seek office for vanity and riches. They suborn the idyllic laws to obtain that which is not inherently within them.
They promise far beyond their capacity to deliver. Their promises, built upon broken backs of the yeomen who (ignorant of their treacherous barter) believe in the gilded guiding lights of a constitution or bill of rights, are subtracted from those who virtuously act to better their lives and those under their husbandry. The malefactors, by their subterfuge, are enriched (but never satisfied) while the good find their stores raided, their ample labour made suddenly unsatisfactory for durable existence."
If there are only two ignorant SOB's left lurking here, all has been done that can be done.
Comments on a financial blog which make constant reference to absurd iron age religious beliefs are junk, by definition.
If you have a point to make, drop the fire and brimstone mumbo jumbo.
First, I did not junk you.
Second, find for me the reference to any religion from the quote I pulled from the post above.
Third, my impression is, your avatar has a distinctly "iron age" feel to it. Why would that be?
They obviously are having problems comprehending what they are reading.
Science and technology advance. Right and wrong are fixed. Hence your delusion...
"Science and technology advance. Right and wrong are fixed."
I have always found the vehement protesting of any and all references to a religion (particularly the Christian faith) curious...as the discussion progresses, the protestor will become...well, quite strident and dogmatic. Exactly the thing he say's he opposes.
It's almost as if they were tied down to a bed and holy water is being sprinkled on them...ROTFL.
To think an entire post on the legal, ethical, moral implications of debasing the currency and what that actually does to real people and pointing out the evil that it really is...deserves to be junked because in the discussion of morality the author touches on religion is absurd.
I'm no shrink...but there is something there to be explored by people smarter than I.
Well said, nmewn. There’s a point to be made concerning the discussions here on religion and the junking practice. This is a financial site and given the financial crisis our nation is now enduring there is one word that some people believe has religious overtones but is a word perhaps more appropriate to the financial crisis and the times we are facing that any other. And that word is: Usury.
Yes, it is biblical but it now is current. There is an avalanche of precious value--realized by everyday Americans working, saving and dreaming of a future--that is sliding into the pockets and estates of financial tyrants. Their weapon in this transfer is usury-- fashioning laws and regulations and adopting bribery, political blackmail and the lethal force of a superpower to force the transfer.
In addition, in any discussion of economics and markets, there is a definite need to deal with the principles of ethics and morality. And to suggest that these terms derive from a religious source is to be absolutely correct. In this country, the source was the Christian beliefs of the Founders who applied in the Constitution the trust that freedom was derived from God and not from man and that freedom created a climate where prosperity and sound money would thrive. This trust built an American system that prospered on voluntary support by the people of that government and its public officials bound by that Constitution. Surely, this then forms the basis for operative free markets.
let's do something.
Agree and I did want to speak on this now that I have some time.
The thing, the charging of interest (usury) I can find nothing inherently wrong with. It can be dangerous if abused like a lot of things. I look at it like a knife or a baseball bat. Either can be used for good or evil. If we are to be truly free we must be free to make decisions for ourselves and live with the consequences whether they're good or bad.
To charge for the use of excess savings cannot be wrong, I would think, because what you are doing is placing your earned labor in the hands of another. The interest is a form of payment for the amount of time one cannot access ones prior labors (savings) should the need arise. This is all predicated of course on excess savings. I would be interested in your view on this as to it's general morality.
The problem, as I see it, is it's monopoly abuse by the federal government who has the ability (and apparently the will) to devalue the return of your labor plus interest, agreed to by contract between two interested parties, at any given moment, by debasing the currency...the medium of exchange between the two.
And, of course the obvious, there is no savings to be loaning from...LOL.
The attendant problem to all this is the political will to stop spending what they don't have. If a politician knows the fed can just create money out of thin air there is no discipline to not give people what they clamor for...always.
In our real world, if it comes down to food on the table or a new toy for the child most parents opt for food on the table and let the kids scream their heads off...until they get outside ;-)
How many times have the Jews been kicked out of a country for
practicing TALMUDIC Usury which is "Sanctified" in their Babylonian Talmud?
Can you count that high and let us know here...?
Is the number higher than 70?
Like Bernanke or Soros... Jews at the end of the day are not that smart and should not be left to practice their religion on unsuspecting "Goyim" (Cattle)...
Someday, the boot will find your Jew Scamming ass... ;) ... won't it.
Too bad ZeroHedge doesn't have a "Jew Wise" flag on their board... lol...
UsuryParallels between Talmudic and New York Usury LawsBernard J. MeislinaMember of the New York Bar meislin bj
The two jurisdictions with the greatest volume and complexity of laws dealing with usury are the United States and Israel. England, the wellspring of our common law, and one of present-day Israel's legal fonts, did away with all regulation of interest over a century ago. All of continental Europe contains only two or three jurisdictions which apply legal limits to interest on loans. The communist countries present a special situation since private loans at interest have no official place in the economic system. Islamic countries, like Pakistan, constitutionally frown on interest but it is present in practice, thereby embarrassing the secular authorities. However, the extent of legal experience with loans at interest in all other jurisdictions combined does not rival that wealth of elaborate study which is to be found in judicial decisions and legislative documents in American and Jewish law. It is, therefore, of interest to examine from a comparative standpoint the approach to usury taken by United States' courts and by Jewish legal authorities to see in which respects they differ and are similar.
I agree with everything you say, nmewn; it was very well put. Still, I think the traditional concept of interest paid on money loaned doesn’t mean anything in an age of fiat money with excessive Fed printing and where one side is lying about inflation. It’s no longer a good deal, dealing with the banks.
Interest on a borrower’s use of a saver’s stored value, i.e., his money, should be worth more than a negative inflation rate. When the banks pay less on your deposited savings than the rate of inflation, I consider that usury. Under special arrangement with the Fed, the bankers can now bypass your deposited earned savings because they don’t need your money to lend any longer. The Fed is giving them unbacked free money created out of thin air. Thus, saved earnings backed by value have been pushed out of the picture by counterfeit money bereft of support.
The end result of a monetary unit that is not backed by a commodity of honest weight is the destruction of a sound monetary system, IMO.
This is not only unfair; it is thievery, i.e., legal plunder, i.e., usury. If I store my money at Bank of America for 1% with inflation running at 8.5% (calculated per SGS 1980 method) as it currently is, and BofA loans that money out on credit for 29.85%, that’s usury; they are taking advantage of me and the borrower. When the Bible was written, there was no fiat money; it’s a new invention and it’s time, IMO, to redefine usury taking into account the illegal creation of money out of thin air.
As Greenspan once said, the “shabby secret” of paper money is that it is nothing more than a “scheme for the hidden confiscation of wealth.” Our Founders warned against the temptation to seek wealth and fortune without the work and savings that real prosperity requires.
If there is no free lunch, why should JPM and BofA be able to eat ours...?
I guess you've convinced me.
Not that it's immoral conceptually, but because of the intervention between the two party's (the loan giver/taker) by an alliance between the state & the fed as was warned about by many at our founding as a nation.
I had been of the opinion that (theoretically) there should be no limit one can charge on interest as the market would quickly weed out those who charge excessive interest or fees, provided there is competition...that is, no monopoly.
With this state/private alliance in place there can't be a free market. It is simply Guido or Vito...LOL.
Thanks for your thoughts JR.
I see you and Seer are having an exchange around this topic as well...freedom of religion does not mean freedom from religion.
One wonder's what the words Divine Providence mean to him? ;-)
"In this country, the source was the Christian beliefs of the Founders who applied in the Constitution the trust that freedom was derived from God and not from man and that freedom created a climate where prosperity and sound money would thrive. This trust built an American system that prospered on voluntary support by the people of that government and its public officials bound by that Constitution. Surely, this then forms the basis for operative free markets."
Freedom was derived from "God?" False. That was not stated that way: it's NOT in any official document. Feel free to point out your reference. Further, to speak as though the "founders" were somehow on the same page is, well, wrong.
The "success" of the American Experiment is nearly ALL attributable to the fact that there were untold, untapped riches, "free" for the taking. This country was built pretty much the way EVERY country was built: through genocide and slavery. I have to laugh that somehow, after the the thousands of years of mankind's civic-oriented march that somehow, magically, everything "clicked" upon setting foot on the North American continent, that mankind all of a sudden became more civil.
It's awfully convenient to externalize and mythologize. This story sure has meant success for the few who control the bulk of the ownership society.
Seer, “ownership society” is a catch phrase of the Marxists.
I consider the Declaration of Independence the most official and authentic document ever produced in the world. It signifies and separates the colonies from the mother country. And if that isn’t an authentic document, I don’t know what is. The Constitution was an understanding that the Founders were there to forge a new country based on freedom, a foundation that was detailed in the Declaration of Independence.
The Declaration of Independence is just as important as the Constitution, IMO.
As far as the premise that the Founders had the approval of God, there are thousands of pieces of correspondence between them that prove this beyond a shadow of doubt.
Jefferson’s preamble said that the reason for the declaration is that man has certain rights, and we claim those rights, and those rights were given by God. We fought a war for that reason—because we had rights given to us by God. That was enough; no more was needed.
The Declaration of Independence was the basis for the Revolutionary War and established the independence of the colonies of America. It was the line in the sand—a declaration of war; it was the establishment of America.
I’m hoping, Seer, that your are not like Elena Kagan and Obama and are going to dismiss the foundation of America as it was established after the Declaration of Independence—and signed by men representing the people in the colonies.
"The Declaration of Independence is just as important as the Constitution, IMO."
"As far as the premise that the Founders had the approval of God, there are thousands of pieces of correspondence between them that prove this beyond a shadow of doubt."
Again, completely agree. In recent years, attempts have been put forth to try to show that the founding fathers had no religious preference (or religious thoughts at all). These vain attempts fall flat when one reads the writings of the founders.
"Jefferson’s preamble said that the reason for the declaration is that man has certain rights, and we claim those rights, and those rights were given by God."
I posted this last week (as you already know), but it's worthy of being posted every week:
The Declaration of Independence uses the word "unalienable". Don't read the word as "un-alien-able", rather read it as "un-a-lien-able". Meaning no one can put a lien on the rights that GOD has given us.
These men should be celebrated as some of the greatest men of history. Has there ever been 2 documents that gave so much freedom to so many people?
i know i couldn't say it any better.
sorry to respond so tardily. i saw sleepy bears yawning and "opened up out of season." don't worry..."science has protein pills for the rest of ya'."
"It's almost as if they were tied down to a bed and holy water is being sprinkled on them...ROTFL."
Well if you only knew how holy watter burns on youre face, while being tied to a bed with 2 gay penguins stanind over you chanting curses you wouldnt be making a joke about it
I thought it was funny too ;-)
Off to work.
you forgot to junk him.
I ,also , see no reason for 2 junks . I think you hit a nerve somewhere. Must be Wall St, Fed, D.C. sympathizers lurking . Junk them to exile please.
With all due respect, the world doesn't hate cheats and liars and thieves and murderers. All of the research in neuroscience tells us that humans act most often in response to primitive behaviors that preempt the reasoning part of our brain, the pre frontal cortex. QE2 will precipitate another feeding frenzy in equities, even among the self-proclaimed Gandhi's of the world. Why? Because at a most basic neurological level, we are all greedy.
We're not all greedy (we're really not), but whether we hate "cheats and liars and thieves and murderers," or don't, we still vote for them, and so my initial proposition becomes irrelevant. (And, yes, the 'rational' part of our brain is to our actions as the appendix is to our digestion.)
I agree. We are not all greedy, per se. My point is that we are, more often than not, the product of actions borne not of ratioanl thought, but of primitive emotions and defenses.
We're not all greedy (we're really not),
Who do you know who does not wish to fulfill his desires to the fullest extent possible? Even if one desires to live a charitable or ascetic life such desires arise within the self and the motivation to fulfill those desires is selfish.
Greed exists only in the eye of an envious beholder and those whom the envious one would enlist as allies in games of mooching and looting.
Those who condemn greed and selfishness open themselves up to assault by anyone who has less than they do.
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