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Tedbits: 2012 Outlook, Part 2 - Bombs, er...Bonds; Currencies and Gold
The UNFOLDING destruction of the developed world’s economies and financial/currency systems continues apace. Public servants are trying to defy Mother Nature with the stroke of a pen; she will not yield to this. Radical Marxist POLITICAL solutions to practical problems are at the end of their collective ropes (double entendre intended). You CANNOT store wealth in paper, PERIOD. Those who do will get what they deserve: NOTHING. It has been and will be printed endlessly from this point forward as Socialist government policies have destroyed wealth creation and substituted Ponzi asset-backed economies in their place. Now those economic models have reached their COLLECTIVE endpoints.
Economies based on models of consuming wealth rather than producing wealth are DOOMED, and this is the definition of the developed world. Switching back to the wealth-production model used prior to 1971 in the developed world will be painful as our leaders have FORGOTTEN what wealth-creating policies to implement and how to do so.
The financial systems of the world sit on TOXIC paper (government bonds and currencies) and they call them assets and reserves – they are NOT, THEY ARE LIABILITIES! To see the enormity of government debt in the biggest economies in the world look at this graphic from www.demonocracy.info :
These are worthless checks which can never be REDEEMED in the biggest check kiting scheme in history, BAR NONE. They are backed by nothing, redeemable in nothing and PAY nothing and called RISK FREE investments. This is a testament to George Orwell and the financial illiteracy SPAWNED by PUBLIC SCHOOLS.
These financial and currency systems are run by the Central Banks and public servants and prey upon their citizen’s wealth for redistribution to government dependents, elites, crony capitalists and government employees. The whole fabric of developed-world governments is PREYING on the private sector in one manner or another: currency debasement; crony capitalism through oppressive regulation; and taxation of virtually any activity in which a human engages, and they say they are serving and protecting the public. THE END IS NEAR. They have preyed on the private sector to the point that the goose is DEAD and can no longer lay eggs.
To read the rest of this article, click here
(http://www.traderview.com/tedbits/TB-Feb24-12-2012Outlook-pt2-nf.pdf)
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The worst is to know you are going to be punched in the face but do not know when, once the SHTF we the people on that blog will try to make the best use of our PMs to survive acquire productive assets find solutions to reboot the system, I say let´s get punched ASAP so the struggle finally starts, the usurpators in politics business and finance are finally thrown out and the real people emerge. It will actually be energizing once we are finally on the other side. The excruciating part is the wait, people ready now will keep on being one or two steps ahead of the events and will organize, help find solutions.
Good grief!! Here we go again with Ted:
"Radical Marxist", "collective endponts". This time around, at least in this short piece, he hasn't mentioned "leftist/liberal/commie/etc." rhetoric in relation to the O'Bomber-fronted coalition/collective of Washington and Wall Street, but he's gone beyond just silliness to absurd.
Has this bloke ever read Marx and/or gotten involved with some radical Marxist movement? Obviously not, but I did during my youthful stage of idealism, so I know whereof I write (though by the age of about 25 I'd seen and heard enough to distance myself from such as the Communist Party of GB, the Socialist Workers Party - Trotskyites - and indeed the actually fascist Soviet Union: really very much like NAZI Germany when you scratch behind the rhetoric and both led by similar, psychopathic personality types, i.e. Stalin and Hitler).
Ted does not have a clue about "collectivization" which, under Stalin, involved the forced imposition of collective farms and industries on a mass scale with ordinary people, because of the doctrinaire delusion that you could force people to cooperate in the national interest and/or to bring about a utopian communistic future of, for instance, "From each according to his abilities, to each according to his needs.", with some vague idea of abolishing money thrown in. BUT my main point here is that Marxism - btw Marx was never a "Marxist" - was and is to do with the masses and their betterment/welfare, however misguided the means to try to eachieve this.
In brief: Marxism is was and is to do with "the 99%".
Obviously the "Washington/Wall Street collective" is solely to do with the "1%". Or is it the .001%? It is Marxism turned on its head and, in fact, a lot of the players are ex-Trotskyites (and Mussolini-the- fascist was an ex-Communist). For example: many of the neocons involved in the PNAC were/are of this ilk, see" ... http://en.wikipedia.org/wiki/Neoconservatism See also: ... http://en.wikipedia.org/wiki/Leo_Strauss
Leo Strauss taught at the University of Chicago .and was a contemporary of Milton Friedman, who spawned the Chicago School of economics and Alan Greenspan; thus the very economic system we live under today.
How can anyone write anything about our current situation, when they know nothing about the origins of even recent history, never mind the 18th and 19th centuries, when such as Adam Smith, Karl Marx and many others were doing the groundwork for ALL modern sociological and economic theories??
I am not sure if I was lucky or unlucky, to have been able to gain the knowledge I have; because it bars me from all ideological stances and enables me to see 'holes' in all movements, theories, etc..
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ZH:
Please bring back Robotrader and Leo Kolivakis. They had chicks.
Thanks.
Financial Terrorists. Lock them up.
What do I know. I went looking for Easter Bunny eggs today.
Aah Fat Teddy makes the top line on no hedge - congrats!
another one waiting in the bunker for the "inevitable"...
I'm noticing more of the people I read seem to be saying 'we are getting close'. I have felt this way several times in the past 2 years but now it seems there is a consensus building. We (the USA) are no longer in control so it is not like one can just 'figure it out.' Our destiny is in the hands of our creditors and suppliers. When they say 'pay more' we will get price increases. When they say 'we do not need more of your paper' we will see the Fed monetize. When they say 'you have reached your limit' we will get collapse. In spite of the fact that we cannot just calculate our end folks seem to be saying 'if I were a creditor or supplier this is the limit I would put up with'. I'm watching gold and treasuries and the hints countries give. I'm on high alert. There are things that cannot be done until the last minute so I really want to know when that last minute is near.
true role of Greenspan: http://www.roadtoroota.com/public/190.cfm
Ted, get a grip. "You cannot store wealth in paper, period" Well, tell that to the 1% who are living the high life, with their wealth primarily on paper, and often made from trading paper assets.
Yadda, yadda, life sucks, and then you die, burp...
Good article. True. Backed by facts.
Sometimes the truth is ugly. So ugly in fact, that most go into denial.
Thats where the vast majority are now, either ignorant of the facts, or in denial.
A VERY small minority (possibly as low as 2 to 5%) see what is happening and continues to happen, at an exponential rate of acceleration, and are protecting their wealth from being destroyed.
They are taking proactive steps to insure, not only their financial survival, but their physical survival as well.
What form these survival tactics take are purely a choice of personal preference.
If you have not, or already taken these steps, then time is growing VERY short for you to do so.
You may choose to continue to ignore what is before you, but to do so will be detrimental to not only your financial health, but to your very physical health as well. As always the choice is yours.
Well, it's like the litter box. put a lot of litter in there, and all the shit disappears. BUT - if you don't clean it out every now and then, you end up with a nasty coagulated mass of shit to deal with that's gonna fuck you all up. You are outside your building. That sound you hear is the entire litter box achieving terminal velocity after your old lady rifled it off the balcony at you for not cleaning it up sooner. This is the moment before impact. Enjoy the ride, because the difference between getting fucked by your old lady and government is vast.
What if it was her cat?
Therez a pussy joke in there somewhere! :>D
But, but, but the Bernanke said he will NOT moneitze.
Defy Mother Nature, maybe, but certainly trying to defy math.
Actually, it looks like they are defiling Mother Nature.
And wasn’t there a commercial that said “It’s not nice to defile Mother Nature”?
Slavery Bitchezz. Nothing else left. NWO and bend over. No vasline left for USSA Citizens.
boy o boy, you can tell its Sunday.
Happy Easter!
Banks still accept Treasuries as collateral. And cash as well. So it is simply untrue that these pieces of paper are "liabilities." NO THEY ARE IN FACT ASSETS. HOWEVER! YOUR POINT IS WELL TAKEN!!! Because HOUSING is called an asset when in fact it is a LIABILITY. and since HOUSING is a real or PHYSICAL asset "it's worth or value goes without question." OOOOPS!!!!!!! This is a DOUBLE EDGED SWORD THEN! "You're house is in fact worthless and it will COST YOU ASSETS to have in the form of cash" and whatever else you have to sell. NOW you get to the CRUX of the issue: TAXES. Standing opposed to the housing collapse is GOVERNMENT REVENUE. As we can see "THE BONE IS STICKING OUT OF THE SKIN"...since "those are trillion dollar DEFICITS." Since housing is in fact a LIABILITY those DEFICITS can only be changed by a fundamental redress of the existing fiscal order. Since we have currently the VGER polity (http://www.youtube.com/watch?v=wse_hgca220&feature=player_detailpage) the change could be violent indeed! Let us see how this one "went down": http://www.youtube.com/watch?v=wse_hgca220&feature=player_detailpage