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The Monarchs Of Money
The world's central banks have printed unimaginable amounts of money in recent years - "these guys are really more powerful than the government." Neil Macdonald explores what this means for the global economy and for your financial well-being - "can you imagine if the American public knew there was this 'club' that met secretly in Switzerland and made decisions that dramatically affected their lives, but we're not going to tell you about it because it's too complicated." This brief documentary should open a few eyes to the reality behind the world's most powerful (and real) cabal.
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rule of law failed
long live the RULE OF GOOD
Ye Gods. What delusional heights of twirpitude. Carney has no idea that anybody with a brain can tell, as soon as he says one single word, that he is an utter moron. A crack addict at least usually knows that he is fucked up.
" So, is this about you, Neil? Is this about the money YOU saved?" Damn right, you peice of shit! It's about all the "money" we saved. We were encouraged by you and your low life ilk to save something that you created, with wich you bought our treasous legislators and which you control the price of, you theiving cock sucker.
Carney, you disingenuous motherfucker, I'm 59, tennis elbow, bad back from honest work, but still I like you to conside this: you/me, locked room and we'll discuss the money that you stole from me. Name the time and place you measely, mealy-mouthed, over-dressed, smarmy Mother fucker! Bring your pal, Bernanke with you.
+1
i think i'll call that, and raise you +100 'rythm...nice.
btw, i'm probably one of a few zher's that really appreciate your eloquent vernacular.
We know to save in physical not fiat
http://perfecteconomy.com/
I am aware.
Buying Gold and Silver and going to do my best to crash the system.
I am not your mule, I am your worst nightmare. Watch your back bankers, and your necks.
ebworthen help me out with something that I am struggling with after 4 glasses of wine tonight....If the oligarchs are the ones that truly are loaded up with physical gold and silver....then essentially all we are doing is subscribing to "if you can't beat em, join em" by buying gold and silver right?
I don't mean to come off the wrong way and I may get bashed to shit for asking that....but it just seems like when the dollar crashes these assholes will be the ones that will reset everything off gold and silver. We are just trying to hitch a ride. right?
Well, the more we have the less they have, the more we equalize things.
If our assets are not in the stock markets or the banks to steal, what will they do?
Outlaw PM's and Firearms? Fine, come and get them. Even 5 million people with this attitude will make it that much harder if not impossible.
Fuck 'em. I won't join the "money in the bank and stocks" sheep; I will fight with civil disobedience by moving assets into land, PM's, weapons, ammo, and self sustenance.
If they want to take those it will be a much more costly fight than a binary digit Cyprus theft, they will have to PHYSICALLY overcome me, which is the way I would rather have it after 35 years of lies and getting ass raped by the system.
fair enough. At the end of the day I just want these roaches to have to scurry.
Same. I am utterly disgusted and at my limit.
I'm ready to die. If they aren't then I have one up on them.
F, the answer is this.
Currently 'they' are in possession of a money-conjuring device, also known as the Marriner S. Eccles Building.
The downside to this device is that, while it confers ultimate power to the wielder, it slowly destroys the very currency it conjures.
Gold and silver stockpiles are unencumbered assets. But when you have to pay your butler, and your 3 mortgages, and yacht has to be maintained, and there is the OxyContin habit... The stockpiles are depleted.
Whereas, when you still had the money-conjuring device, buying influence and having dope parties (literally) was easy.
I tell you what we need: worldwide general working strike. 2 weeks. Everything to stop Then it will be quickly over.
I've been preaching this, too. But it sounds too socialist to catch fire in libertarian circles. *sigh*
Word
Agreed!
Yes and no.
I've had to answer for this before, face to face. First, I don't, and won't own gold. Gold is just what you say it is. Silver, OTOH, is a triple hedge. Most importantly, it is the second-most useful commodity next to oil, and it does not require the same kind of storage considerations. Secondly, it is anti-microbial, and a clever man with some distilled water and a few 9v batteries can create a suspension of colloidal silver which, while not foolproof, is better than nothing in the face of antibiotic-resistant bacteria. I'd much rather have kids that look like Smurfs than kids who are dead.
Last, but not least, is that silver is the coin of the artisans and lesser nobility. While I'd rather win outright, I'll pay for admittance to the court of my new liege lord, if only to put a knife in his ribs. I'm not really seeing a scenario where victory is an option here, so revenge will have to do.
Which is why the future economy is ideally moneyless and surplus based.
I too have been considering this lately... If we spend all of our hard earned "money" on PMs, in theory, that's good for the economy. I'm not sure how it's gonna crash anything... The money circulates, and as long as I don't wind up holding any fiat, I'm OK with it. Still, I don't get how it hurts the system...
Of course it hurts the curent system.
If you buy gold or silver, your money goes to the trader, the mint and further down to the miner. The money gets spent, but not on cars and iPads.
The more wealth is parked in PM, the less need people have to save in the system of fractional reserve which fuels runaway debt problem.
And here's the network effect - the more people own PMs the more likely it is you can pay in PMs and go around the moron monarchs and their entire system.
You buy gold
$1500 USD -> 1 oz Gold
Dealer sells gold
1 oz Gold -> $1500 USD
Dealer must replace gold he sold (as he makes profit on the transaction)
$1500 USD - > 1 oz Gold
Thats very different from putting your savings in a bank account. And if you understand the current fractional reserve system of banking, you can see how the effects quickly multiply.
Also, playing the stockmarket - let's face it, it's a casino - is not helping the economy.
Stuffing your hard earned cash in gold is only good to help you carry it over till the dust has settled, but that's all it will do for you. When the dust settles gold will be worth 10% of pre-crash but at least you didn't lose all. Same with art, you pay 1 million now, return is 100.000. That's fine if you're really wealthy now.
If you really are concerned with creating wealth for yourself in the long run then start a company, and work your ass off building it up.
This is a great time to start a company believe it or not.
It doesn't crash anything.
It protects you when/if things like the Cyprus confiscation come along or the Zimbabwe or Argentinian inflation. That's what it's for. It takes your wealth out of the monetary system allowing you to sidestep the problem.
Fuck you monarchs!
Arrest them. Don't let those pedophiles near money it only makes their disease worse. Lock them up. Pull an IceLand on the F'kers. Free the world of this plague upon the earth.
I'd really like to belong to a cabal. But I barely made it into the fucking health club.
My cabal has cheaper payment plans and lower entry requirements than your health club
I'm not only a member I'm the president
The irony in all this, is that the central bankers own very little gold compared to the public at large. It is either keiser report 348 or 349 that mentions this jaw dropping fact on a pie chart.
Tradition
Don't underestimate them
The people running the show are psychopaths
They probably just figure they can either order their thugs to confiscate (steal) or kill everyone and take what they want later
This statement reminds me of the adage 'that the people should not fear government, but government should fear the people'.
There are ~6.5 Billion Asians who culturally and traditionally believe in , and participate in, a priori, Gold ownership; why would this statement not be true?
Thanks
Ho hum
"The irony in all this, is that the central bankers own very little gold compared to the public at large. It is either keiser report 348 or 349 that mentions this jaw dropping fact on a pie chart."
There are more important forces in play than "who owns how much gold."
The actual private owners of the central banks likely own a lot of gold, more than the banks themselves. They also have the ability to issue unlimited amounts of "legal tender" to purchase gold at will.
Just watched the video.
One of the best I have ever seen to date to explain in just 20 minutes how awful shape we are and how ineffective the medicine currently being given is.
I don't know whether to laugh or cry at the condition-it is so pathetic.
I'll just post this now. I will compose something more later. Too dumbstruck!
I love you guys.I am proud to be part of ZH.I confess,sometimes i skip the article i dont fully understand,and go to the comments.
BTW,a have a suggestion.Tyler,did you ever consider,to organize meeting,for zerohedgers,similar to Jim Sinclair meetings he started recently?
wouldn't be much of a secret society avoiding "groupthink" and the "helsinki syndrome"..and whatever happened to fight club rules?
:>)
I heard in this video that the Central Bankers got all their predictions wrong because of their wrong assumptions.
Of course their assumptions are wrong scientifically or in terms of physics any one who believes in paradoxes a priori, has no idea as to what he is talking about and is just plain wrong on damned near everything. They also believe is "random" events, which means they don't have any comprehension of physics.
Also missing in this video is that the "system" is encouraging and participating in illegal acts by the system itself. Where then is the foundation of integrity from which they issue their impositions onto the peoples of this World.
Mark Carney appears to be an arrogant establishment fraud who knows how to milk the system and only has one consensually accepted opinion; his!
The system is not only broken, it is rotten.
"Most of the greatest evils that man has inflicted upon man have come through people feeling quite certain about something which, in fact, was false." : Bertrand Russell
"Philosophy should always know that indifference is a militant thing. It batters down the walls of cities and murders the women and children amid the flames and the purloining of altar vessels. When it goes away it leaves smoking ruins, where lie citizens bayonetted through the throat. It is not a children's pastime like mere highway robbery." : Stephen Crane
"The first step in a fascist movement is the combination under an energetic leader of a number of men who possess more than the average share of leisure, brutality, and stupidity. The next step is to fascinate fools and muzzle the intelligent, by emotional excitement on the one hand and terrorism on the other." Bertrand Russell: Freedom, Harcourt Brace, 1940
http://verbewarp.blogspot.com.au/2006/07/global-economic-collapse-new-global.html
Ho hum
The Monarchs of Money
Hah!
That was a CBC mainstream mass media moron mentioning the Central Bankers, only because the established systems of debt slavery have driven themselves to the point where their numbers have become so blatantly NUTS, that the mainstream mass media can no longer so easily deliberately ignore the most important social facts, but rather, now addresses those facts in the most superficial and silly ways possible.
Historian Carroll Quigley commented on the creation of the central banks in his 1975 book Tragedy And Hope:
"The powers of financial capitalism had (a) far reaching (plan), nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the system was to be the Bank For International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations. Each central bank ... sought to dominate its government by its ability to control treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the Country, and to influence cooperative politicians by subsequent economic rewards in the business world."
However, it is wrong to call those the "powers of financial capitalism."
The closest English world to describe that system is PLUTOCRACY. However, that word still is not accurate, since it is not government by the "wealthy" in any ordinary, common sense way that the word "wealth" is understood. The greatest "wealth" that the bankers have is their power to make "money" out of nothing as debts. I am not aware of any good word, recognized widely in the English language, able to be understood by other people, when referring to the kind of governing system that currently dominates the world. I am well-aware of a whole bunch of other bullshit words that other people variously use to refer to this, such as the "powers of financial capitalism." However, "capitalism" is way too good a word to describe what is really going on. The REAL situation is that the bankers are the biggest gangsters, for which the word "banksters" was coined in the 1930s to describe what they are actually doing.
The privatized, fiat money, made out of nothing, as debts, system IS ACTUALLY THE TRIUMPH OF ORGANIZED CRIME, WHICH WAS ABLE TO TAKE CONTROL OVER GOVERNMENTS, IN ORDER TO LEGALIZE THEIR CRIMES, AND HAVE THE POWER OF GOVERNMENTS TO BACK UP THEIR CRIMES, BY FORCING EVERYONE ELSE TO ACCEPT THAT FUNDAMENTALLY FRAUDULENT FINANCIAL ACCOUNTING SYSTEM.
The reality is that central banks are at the apex of an organized system of force backed fraud, which took over governments in order to legalize counterfeiting of the "money" supply, while the government provided the legalized violence to force everyone else to accept that fraud, by some privileged private banks being able to make the "money" supply out of nothing, as debts, through enforcing taxes that must be paid in that form of "money" which was deemed to be legal tender. While it is a crime for anyone else to counterfeit money, private banks, inside a pyramid system of those banks, have the privilege to make "money" out of nothing.
I keep putting the word "money" in quotations, because the kind of "money" that we have today is NOT what the word "money" meant throughout thousands of years of history, before the last few Centuries, or even during the first Century of American history. The words "dollar" and "money" used to mean an amount of silver, or more generally, metal coins, as real money.
Everything regarding the language that we use to talk about this is bullshit, which is so well-established and taken for granted by most people, that it makes intelligent public discussion about these matters almost impossible!
American history is interesting because there was a revolution against the control of the colonies by the international bankers, who had already taken over the British Empire, since the creation of the Bank of England, as the biggest one of those central banks, which had the power to make "money" out of nothing. Furthermore, there were episodes where the American people were able, for a while, to defeat the efforts of the international banking cartel to take back control of America. The most significant of those episodes was when President Andrew Jackson was able to miraculously survive the assassination attempts of the banksters, in order to be able to "kill the bank" (i.e., not renew the charter of what was then called the Second Bank of the United States.)
However, since 1913, onwards, the banksters were able to take back control over the government of the United States, to legalize the power to make money out of nothing, as debts, while also controlling the government to force everyone else to pay taxes in that legal tender, so that that form of "money" made out of nothing, as debts, would become "real money" which everyone was forced to respect and use, despite the situation that, otherwise, that "money" was made out of nothing, and was therefore, nothing but FRAUD. The history wars were the banksters' harvests. After the Second World War, the American Dollar was able to become the world's reserve currency, and thereby, the banksters were able to consolidate an almost total global hegemony for their force backed frauds to control almost all the world's natural resources, more and more, such as through the phases of the development of "petrodollars" and so on ...
The central banks are the result of the triumph of the methods of organized crime, applied to take control over the powers of governments. (Again, I am not aware of any single, simple word in the English language to describe that situation.) However, that paradox of the privatization of the powers of government is what I refer to as being FASCIST PLUTOCRACY, as the best available phrase to describe what is happening. Since that system is a runaway, exponential growth of more debts, built right into its fundamental structure, I also refer to that system as a RUNAWAY FASCIST PLUTOCRACY JUGGERNAUT.
For several decades I have been grappling with attempting to understand why our monetary system was so obviously INSANE. One of the aspects of that is that our political processes have tended to be funded by 1% of the people, while 99% of the people have tended to pay for nothing. Therefore, the 1% that have paid for almost 100% of our politics have gained enormous advantages over the other 99% of the people, who have usually paid for nothing to be done within the political processes. During my efforts to understand these problems, I have had two court cases against the government of Canada concerning the laws that control the funding of politics in Canada. I currently maintain a fringe registered political party in Canada, in order that I can continue to conduct my political experiments in these regards:
http://www.marijuanaparty.ca/article.php3?id_article=215
However, what all that has PROVEN is that literally 99% of Canadians always act like adamant political idiots, or Zombie Sheeple, that continue to never participate in funding the political processes, despite how utterly irrational and insane that is, from a sublimely objective point of view, with respect to their theoretical rights and freedoms. (Of course, the same things are generally true about Americans, as well as most of the other people in the world.) Our real social habits are the result of the history of huge lies, backed up by lots of violence, and that has resulted in our fake democracies being practically the opposite of what they should be in every important way. IN FACT, 99% of the public acts like Zombie Sheeple, who are controlled and exploited by 1% that act as the Vicious Wolves, within the overall real human ecology and political economy.
To understand the central banks, one has to go back to the origins of Neolithic Civilizations, whose history was the history whereby War Kings were established, which became the origin of the sovereign powers of states, which sovereign powers are actually based on the power to rob, with the most extreme form of robbery, the power to kill, to back up the power to rob. Those who were the best of the best at being dishonest, and backing that up with violence, during the last few hundred years, were the Central Bankers, who may well be called the Fraud Kings. Those banksters were able to systematically apply the principles and methods of organized crime, to be able to take control over governments, in order that those governments became runaway systems of legalized lies, backed by legalized violence.
The paradox that the whole world faces today is the paradox of failure from too much success. Since our financial accounting system is based on the foundation of triumphant runaway frauds, our entire system has a design structure which necessarily is driving it to become more and more insane! That insanity has reached the point where the reality is globalized electronic fiat money frauds, backed by weapons of mass destruction. The amounts of "money" that have been made out of nothing, primarily for the banksters to use to gamble with, are running away to become at least 100 times greater than all the real collateral that actually exists to back that up. Furthermore, that system could only continue if it was able to develop to become so that there was 1,000 times as much "money" made out of nothing, as there was actually collateral to back it up.
That runaway social insanity is due to the fact that the whole thing is the result of the triumph of the methods of organized crime being able to take control over governments, which have the legal powers to rob, and to kill those who resist being robbed. Effectively, what has happened is that the powers of government to rob have been privatized, by being transferred to private banks, which can create the "money" supply out of nothing, while taxation and legal tender laws force everyone else to accept that fraud. More importantly, to fully understand this, one has to understand that money is backed by murder, and that it is impossible for money to exist in any other way. However, since 99% of the people act like Zombie Sheeple, who have been brainwashed to believe the banksters' bullshit, and have been conditioned to not want to understand how the monetary and taxation systems really work, we are stuck inside of this runaway social insanity, which is automatically getting worse, faster, every day, while there is not the slightest sign to indicate any good grounds to believe that will get better ... Of course, absolutely none of those kinds of insight are ever even remotely present within any mass media news story or documentary!
Therefore, this kind of mass media report on The Monarchs of Money does not come within a light year of recognizing that those Monarchs of Money are Fraud Kings. The mass media continue to mislead people, and to misrepresent the crucial fact that money is backed by murder, and that our monetary system is a system of debt controls, backed up by death controls. The utter insanity of We the People apparently giving away our power to make our own money supply to private banks, who charged everybody interest for using the money supply that the banksters were legally able to make out of nothing, is the result of the application of the methods of organized crime, which have gradually transformed governments into puppets of the banksters, which are destroying the lives of the vast majority of the people, who act like muppets.
However, that well-established system is so totally entrenched that there are no feasibly realistic and practical political ways to prevent it from continuing to get worse, faster. Furthermore, in my opinion, there is practically zero understanding, even on Zero Hedge, of the central fact that money is backed by murder, and must be. Instead, we have the runaway triumph of a fundamentally fraudulent financial accounting system, which is based on the maximum possible deceits, controlling almost everything our civilization is doing ... while there is no reasonable basis to believe that problem could be fixed, since the 1% want to keep that system going, while the 99% are too ignorant and/or afraid to be able to effectively organize to do anything about that, especially since almost all the opposition to the banksters are also full of similar bullshit as the banksters ... Therefore, after spending most of my life working on understanding these problems, my conclusions are that we are totally screwed, and there is no reasonable hope. I have spent my whole life becoming generally educated, and doing political experiments, and court cases, addressed towards these basic political problems. My current conclusions are dismal, doubly dismal, and dismal cubed, depending on how far one goes into thinking about these political problems.
are you trying to sell a book?
No, samcontrol, I am not trying to sell a book. I have primarily been attempting to wake up Canadian taxpayers, so that they would take advantage of the Canadian Political Contribution Tax Credit, and thereby begin to effectively change the fascist plutocracy system that is controlling their lives now. (As I am currently working on that, as in that link I gave above.) However, attempting to do that for a few decades has completely convinced me that 99% plus Canadian taxpayers are Zombie Sheeple, that want to stay that way ... Therefore, to pass some time amusing myself, I have been posting comments on Zero Hedge, which I had been reading for several years before ...
Meanwhile, I do what is necessary to keep my little fringe political party registered in Canada, while addressing myself to its goal of legalizing marijuana. The path towards a good solution regarding the problem that cannabis was criminalized, which was one of the many evil things that the international banksters also did, leads me around back to the funding of the political processes by 1% of the people, while 99% act like adamant political idiots, who prefer to do nothing, and to never use their own political rights and freedoms.
I do not bother to write books anymore, since all of my experiences have convinced me that would be practically pointless ... After everything that I have done and learned, as I already said above, my conclusions are that we are totally screwed, and the only thing that I can really do is wait, and watch, as our overall political situation continues to get worse, faster, at an exponential rate ...
Meanwhile, I find that the readership of Zero Hedge tends to be more understanding and sympathetic with my views than anywhere else that I am aware of.
P.S.
Charlie McGrath gives succinct summaries:
www.youtube.com/watch?v=P9GXu0fmNtQ
Are you sure? Cause...it really fuckin sounds like you are trying to sell a book.
You wrote 5000 words but only said 10. And don't throw out absolutes about people here not knowing FRNs are backed by murder.
And have you considered that maybe, just maybe, reaching out to all those 'zombie sheeple' you are talking about is not going so well precisely because you present your ideas in such an obnoxious, overbearing, and repetitive manner?
No, reaching out generously & lovingly to idiots doesn't seem to help. Sometimes they need to whacked between the eyes with a 2X4.
RM is correct.
"That runaway social insanity is due to the fact that the whole thing is the result of the triumph of >>>the methods<<< of organized crime being able to take control over governments, which have the legal powers to rob, and to kill those who resist being robbed."
How many times have the readers of ZH been treated to such inanities as "We've got to allow them to keep printing or the hoards of EBT swipers will come to your door."?
An appeal to the personal safety of, at the steep price of slavery for, the EBT'er and taxpayer, is by definition social & fiscal insanity and speaks to their organized crime methods & skill set.
Government wields the force of law by the consent of the People. Without that consent, the law is meaningless to the People, it becomes tyranny to them. It may very well be the tyrants law ("Ruling Class Law") but not any law the People will respect or abide by.
They (Ruling Class) will tell you its for your own good we do these things for you. What they are also saying (though unspoken) is we don't think you are capable of doing this for yourself. And they will never pound the table and explain their intimate relationships with the Monied Class (Wall Street & the Federal Reserve) making their debt issuance into a currency possible and profitable to both of them...the Monied Class & the Ruling Class.
And certainly not their hidden amendments in law that carve out exceptions for themselves and their cronies. The criminal enterprise has members in both classes.
Its time the zombie sheeple woke up to the fact they are zombie sheeple.
"Its time the zombie sheeple woke up to the fact they are zombie sheeple."
Amen.
Rad Grass
Your post is one of the best synopsis addressing the crux of the issue I've ever read.
For what it's worth ... I too sadly think things will just have to implode before any meaningful change occurs. Even then I can't say if it'll result in any improvement. The Powers That Be are an organized force to be reckoned with and the masses appear to be truly unable to marshal any alternative.
@Radical Marijuana
Of course you are precisely correct. This system in which we find ourselves, in our self-chosen milieu of ignorance, is a feudal protection racket. Extended yes, but essentially the same racket that has been played out by murdering gangs of thieves and vagabonds since Circa 2,000 BCE and maybe longer.
The "Economic Theory" of these economist priests are easily shown to be fraudulent. The Banking system is clearly designed as to centralize all human productivity and arising capital and the control of Global Assets of all classes with the higher levels of Banking System alone.
The political system serves the Banking system by creating the legislation in Law that makes the theft and recursive scamming "legal" where in fact, it just criminalizes the masses by sticking a gun in their face, as you say. The bureaucratic system is the last line of defense of the system by non-thinking efficient automatons. The Economists bring nought but Divine Authority to the whole edifice of Organized Crime.
Monarchs of Money? There isn't one establishment Economist who will care to define "money" as their theft is not about "money" at all; it is the control of human productivity or human creative energy at its source. "Money" or "fiat" paper is just these Banksters' diversion.
Law today, is used apriori, to criminalize the victims of Bankers acts; nothing more!
Ho hum
i think the form of words you might be looking for is "issuers of odious debt"
Indeed, recognizing "odious debt" has deep relevance regarding how to ameliorate!
1. CBC documentaries "rock". They make their US cousins at NPR, MSNBC and FOX look like bastardized and mongoloid retards that they are. Congrats, Canada! Eh.
2. Are people stupid or what!? I can handle 'stupidity', but I HATE willful stupidity! The problem is not "cheap money", but "irresponsible money".
What the intellectual midgets (who like to glom on to whatever buzzwords and one-liners their economic or social role models spout) fail to realize, is that...
a. One of the attributes of 'Honest' money is that it is note pre-burdened with interest debt. Otherwise, how do you pay the Interest, w/o borrowing the Interest -- at interest!? Low interest money is absolutely the right thing to do.
b. The real problem is... issuing uncontrolled (excessive) amounts to parties who should not be getting it, because they do not use is to grow the GDP (with goods & services) and do not increase the VoM (Velocity of Money). E.g. banks! The CB's should have issued it directly only to banks, who were able & willing to loan it (for a limited period of time) to qualified clients who would reboot/grow the economy -- as woman in the clip correctly pointed out. Instead, these pampered, and glorified academics & armchair entrepreneurs gave all of it to the wrong parties: Large (primary) banks, who would just 'sit' on it, to pad their own stats and exec bonuses. Cocksuckers! Excuse my French.
c. So now the hacks, shills and talking heads on the TV biz channels are spouting that the 'cure' is to raise rates. No, you fucking morons, you got it wrong again! The cure is to "kick the habit", not the "price of the habit". No more more money printing, i.e. no more "QE" (to use your sterile weasel words, designed to confuse the masses of financial sheep).
d. The Cure (not the 80's band) = DELEVERAGING: It will be rougher, and a 'real bitch for political re-election plans', but will be healthier and faster. Therefore... 1. Stop QE. Let the markets find their natural waterline, and damn the torpedoes. 2. Let the Markets pick the winners & losers. 3. No more TPTF or TBTJ. If they fit into this group, it's high time to use existing laws on the books, and to break them up. Let the Market buy up the pieces and 'recycle' as appropriate. 4. As long as the Regulatory (anti-crime and anti-corruption bodies) are allowed to function unbridled, we must trust the free market to repair and heal itself.
p.s. Even Spock seems agitated with Earth's current events, as McCoy noted. Kirk out.
pps: Being a 'people' person, I noticed the following in the video: 1. The hot blonde next to Bernanke. She needs a private tour on the Enterprise, and a 'trip around the world'. 2. What's BB doing at the end of the first row? 3a. Only 3 black guys out of 53 people? 3b. Almost didn't notice Christine Lagarde in first row. 4. I loved the facial language of Carney (or Carney look-alike), whose face said at 19:38-19:41: What am I doing beside this idiot in the group photo? How did he get that job? 5. Mark Carney is no slouch, and can BS with the best of CB's. But he's still a GOB (Good Ol' Boy), insofar he toes Fed party line.
Give her the Captains Log.
I just saw this news.Is last WW just begun?
http://news.yahoo.com/officials-israel-launches-airstrike-syria-023047684.html
Yeah, me too. NY Times out w same article. I think the schedule is all set and in motion...I would wager $100 on 2-3 weeks. Gentlemen, what d'ya'all think?
I said in a earlier post on another thread that Dow 15K was the trigger. Sick fucks.
No. It's been going for a while- it's just starting to hit the 6 o'clock now.
Let's lock them in while they're having one of those meetings in Switzerland.
By the way, what could be the explanation of poisening all the Middle East with depleted uranium and other beauties of the sort?
Are they planning not to travel through those areas for 200.000 years?
Like the way Jehu did it?
20 And Jehu said, Proclaim a solemn assembly for Baal. And they proclaimed it. 21 And Jehu sent through all Israel: and all the worshippers of Baal came, so that there was not a man left that came not. And they came into the house of Baal; and the house of Baal was full from one end to another. 22 And he said unto him that was over the vestry, Bring forth vestments for all the worshippers of Baal. And he brought them forth vestments. 23 And Jehu went, and Jehonadab the son of Rechab, into the house of Baal, and said unto the worshippers of Baal, Search, and look that there be here with you none of the servants of the LORD, but the worshippers of Baal only. 24 And when they went in to offer sacrifices and burnt offerings, Jehu appointed fourscore men without, and said, If any of the men whom I have brought into your hands escape, he that letteth him go, his life shall be for the life of him. 25 And it came to pass, as soon as he had made an end of offering the burnt offering, that Jehu said to the guard and to the captains, Go in, and slay them; let none come forth. And they smote them with the edge of the sword; and the guard and the captains cast them out, and went to the city of the house of Baal. 26 And they brought forth the images out of the house of Baal, and burned them. 27 And they brake down the image of Baal, and brake down the house of Baal, and made it a draught house unto this day. 28 Thus Jehu destroyed Baal out of Israel.
2 Kings 10
King James Bible
Once they removed the world currency from the gold standad they have pretty much operated without restriction as we now measure fiat vs fiat. Bankers like to own gold but they don't like to be controlled by it.
Tell that to Germany that wants their gold back.
Any country whic has their gold in the US want's it back.
Guess why? They fear the US government and Fed will just take it.
politicians == consequences shifters
central bankers == consequences shifters
These cretins shift the positive consequences of productive work into the pockets of predators and parasites, and shift the negative consequences of predatory and parasitic actions onto producers. It is obvious that this cannot continue indefinitely, as more and more producers intentionally shrug or buckle when the final straw is loaded on their backs, so the predators continue to establish a world-wide police state to protect themselves.
Unfortunately, virtually all human beings are completely brainwashed, braindead, and incapable of independent thought processes, even simple ones. For example, consider this one.
Any human who cannot look straight in the face of any and every other human being on planet earth and clearly see someone in the exact same situation as himself (authority wise), is insane. In other words, nobody on earth has authority over me, and I have no authority over anyone else.
Yet virtually the entire world has completely internalized the completely insane notion that some people have authority over them, and they have authority over others, even though this notion can be quite easily demonstated to be absurd, and even obvious, given just a little clear thought.
You come to exist by being born. That is how all other humans came to exist. The mere symmetry of this observation is sufficient to demonstrate that nobody else has any more basis to claim authority over you than you have to claim authority over them. This is not rocket science, this is pre-first-grade common sense, and should remain common sense throughout a lifetime. And this would remain clear if not for incessant mental abuse by parents, teachers, media-mouthpieces and other self-proclaimed (and widely-proclaimed) authorities... none of whom are authorities. It is the classic case of "if you repeat a lie a sufficient number of times, humans will believe it, no matter how absurd is your lie". Add to that endless pressure and punishment for refusing to acknowledge the authority of others over yourself over a childhood and subsequent life, and the braindamage is complete. Clearly only an infintesimal smattering of human beings managed to hold onto their senses and see reality and human interactions for what they are.
Well, at this point, essentially the entire world of human beings is completely insane, and so even well-meaning presentations like this one assume and presume completely insane ideas, including "authority", and including the pretence that "governments" and "corporations" and "central banks" and other "organizations" actually exist. Even though, as it turns out, fundamental law has correctly identified all organizations as "fictitious entities" for hundreds of years (yes, even though "law" is another pure fiction). And in case you aren't sure about this, a "fiction" does not exist. Examples: SantaClaus, any government, the federal reserve, the list is nearly endless.
So, what does exist?
the universe
predators-DBA-government
predators-DBA-corporations
predators-DBA-central-banks
parasites-DBA-enthusiastic-voters
... and finally, producers who create everything that predators and parasites demand, and that everyone (predators, parasites and producers) needs to survive, prosper and enjoy life a bit. Never forget:
predators need producers, otherwise they starve to death
parasites need producers, otherwise they starve to death
producers gain zero benefit from predators or parasites
The honest producers are being crushed under the weight of the predators and parasites. Why have the producers let things get so far out of whack, when everyone depends entirely on them? Simple. The producers need to focus most if not all the time and effort on reality to guide their actions and assure they are as productive and efficient as possible. Meanwhile, the predators and parasites can spend full time dreaming up ways to steal from they producers without letting them catch on what suckers they are, or how craven and diabolical they are. And do remember, the producers were driven insane in childhood too, so they're not especially well prepared to understand they're just prey to be consumed by human predators and parasites.
Will the producers wake up? Extremely unlikely. Not in sufficient numbers. Almost certainly, humans are finished. Humans probably could have amounted to more than a hill of beans in this universe, maybe even something spectacular, but instead flushed themselves down the toilet. Too many sheeple-chimps, too little honesty, ethics, individualism, independence, benevolence.
Honestann:
Don't feed the monkeys. www.starvethemonkeys.com
Nice way to put it. But, does it take a book for that? Starving the monkeys is easy: live a frugal life. Work hard and keep saving as much as possible. Don't let them suck your blood (via paper ponzi schemes or whatever other means).
Thank you.
But on second thought, what will it take? Maybe some folks need some kind of nudge to get them rolling in the right direction. Too little, too late, of course.
The vast majority of people carry most of the social baggage of millions of years of hominin evolution. Some of us don't.
For about 15 years I've thought that transhumanists are already here, and they exist on the autistic end of the human cognition spectrum.
Now that's an interesting comment. Autism is mostly a "male" expression - although this binary male / female thing is actually a lot muddier genetically, but ZH would probably implode if I suggested a spectrum. Or on a related note that historically many cultures have more than two genders, which is undergoing an interesting cultural revival in the USA (if filled with highly irritating and special snowflake proponents) but at least we're in the right ball park.
I'd put forward the thesis that it's perfectly possible to have the "asocial" benefits of autism without the negatives, and it already exists.
Certainly. The autistic spectrum is evolution trying to work its way out of the social brain.
In the process of doing so, it opened up the possibility of using the brain's massive power on things other than social calculations, things like engineering, art, mathematics, science, and thoughts of freedom from the tyranny of a rigid social order.
In other words, it created most of ZH's readers.
Good post, Honestann. That is why I have so little respect for most Brits. It certainly is insanity the way they worship that miserable royal family, simply because their ancestors beat and bullied everyone into obeying them.
BIS - http://www.globalresearch.ca/the-tower-of-basel-secretive-plans-for-the-issuing-of-a-global-currency/13239
http://www.bilderberg.org/bis.htm
Hey ZH...remember that story about Arizona passing a law making gold and silver legal tender? Well, here's the conclusion:
Arizona governor vetoes bill making gold, silver legal tender.
PHOENIX (Reuters) - Arizona Governor Jan Brewer vetoed a measure on Thursday that would have made gold and silver legal tender in the state, saying the legislation could have resulted in lost tax revenue.
The Republican-controlled state legislature voted through the measure last month in a response to what backers said was a lack of confidence in the international monetary system.
The bill called for Arizona to make gold and silver coins and bullion legal tender beginning in mid-2014, joining existing U.S. currency issued by the federal government.
"While I believe the concern over a devalued dollar as a result of an unsustainable federal deficit is justified, I am unable to support this legislation," Brewer, a Republican, said in an open letter to state Senate President Andy Biggs.
http://news.yahoo.com/arizona-governor-vetoes-bill-making-gold-silver-le...
You cant be fucking serious ...
+1
Well, when they make the deck of cards, we have ourselves an Ace of Spades.
The fix is in. The guys McCain works for have their people in place.
McCain works in the family business. His father and grandfather worked for the same cretins.
not surprised
She is "chosen "
Thanks for letting us know who you really work for, Jan...Ya Bitch.
In the exchange below, Carney presents a false choice: namely, present-day near zero interest rate where savers and retirees are being crucified as opposed to a made-up situation of historically high interest rates that are disasterous for the economy.
That is not the choice, of course. That is a deliberately false scenario.
For one thing, we don’t know the effect of rising interest rates dictated by the market. But we do know the result of artificially low negative interest rates; it is the transfer of wealth from the people who earned that value to the risk takers who didn’t—a definite moral hazard.
Equally objectionable is Carney’s definition of current central bank policy as accepted financial policy when it isn’t at all. It is highly controversial policy. And most people will agree it’s experimental policy and historically radical, never practiced on this scale before.
To imply that this is the normal way things are done today as Carney does is bankster talk—banker propaganda.
Central bankers have taken the medium of exchange and now use it to back their Keynesian experimental policies. At the very least, it has been unsuccessful; at the most likely, it is causing permanent damage. And as a side issue, it is enriching far beyond historical levels the wealth of the people who are operating the policy.
These central bankers with their many connections to Goldman Sachs and the other private owners of the NY Fed are private businessmen whose business operations benefit from their decisions and their policy.
And it’s inescapable that they are using what they quantitatively ease (print) to steal the wealth of retirees, savers and investors who sought safe havens for their earnings and life’s work.
In short, the world no longer has a workable, equitable medium of exchange with which to conduct its business and in which to store its wealth.
_________________________________________
Transcript of Neil Macdonald’s interview with Mark Carney, who spent thirteen years with Goldman Sachs in its London, Tokyo, New York and Toronto offices*:
NM: Quantitative easing has disrupted pensions and registered retirement savings plans (RRSP) worldwide and, of course, their payout.
Mark Carney has not ordered any money printing in Canada but he has kept interest rates down. And he defends what the other central bankers have done.
Carney: There’s no secret cabal here that is orchestrating things. This is monetary policy as it is conducted today.
NM: You can understand the anger of an older person who has been a saver or who has a pension who would draw a straight line from quantitative easing and lower interest rates to his or her own decline in wealth and change in circumstances?
Carney: Absolutely. I can understand the frustration of that. Yes.
NM: But the question clearly is a sore point with Carney…
Carney: There is a logic to some of your questioning which is that wouldn’t it be better if interest rates were really high regardless of the consequences…you want to talk about unintended consequences..let me give you the intended consequences of that scenario which is let’s get interest rates back to historic levels so that the money you save ( Isn’t this all what you meant?)…the money you save and the return on that in your bank account is going to be commensurate with what you expected. And you have double digit unemployment in this country. You have hundreds of thousands of people losing their homes, their businesses because we have deflation (sic).
NM: That in essence is the argument of all central bankers today, with all the consequences of quantitative easing the world would be a lot worse off without it and the people…just have to understand that their pain is part of the solution.
_________________________________________________
*”Carney worked on South Africa's post-apartheid venture into international bond markets, and was involved in Goldman's work with the 1998 Russian financial crisis. Goldman's role in the Russian crisis was criticized at the time because while the company was advising Russia it was simultaneously betting against the country's ability to repay its debt….
…Carney was chairman of the Bank for International Settlements' Committee on the Global Financial System from July 2010 until January 2012. Carney is also a member of the Group of Thirty, an international body of leading financiers and academics, and of the Foundation Board of the World Economic Forum. In 2012, Carney attended the 59th Bilderberg Group meeting in St. Moritz & and 60th Bilderberg Group meeting in Chantilly, Virginia.”-- Wikipedia
Group of 30. There you are gettin close!
Curious, I wonder how many of the Group of thirty are also Bilderberg ?
All ?
Group of Thirty was a Rockefeller initiative, attributed to Geoffrey Bell, but you understand how the frontmen work I hope...
To locate these monarchs, correlate address location use of electricity, gas, water, data, etc with Google maps. Just like war on drugs. From this point of view, they shine like diamonds. Run but no can hide. Lots of bad data out there to throw sniffers off the trail though.
http://news.goldseek.com/GoldSeek/1367608346.php
Because of excessive government interference with interest rates, those desperate for income—including pension funds—have pushed prices of virtually all secure sources to nosebleed heights. When the Fed eventually does raise interest rates, the bond bubble will be pricked and the stampede to get out of bonds should be like a herd of elephants attempting to exit through a revolving door. What to do in such a bond market crisis? Aside from TDL's blue-chip recommendations, we always recommend dispersing assets in several "friendly" countries. Also, diversifying in golds and silvers, including Saint-Gaudens double-eagle gold coins, rather than just keeping capital entirely in fiat currencies.
The world is in what we call "The Second Great Depression," comparable with the first one, in the 1930s. As laid out in my final business book, "Goldbug!," doubling the money supply in 1922 to pay for World War I caused a great inflation that after 1929 was corrected by the First Great Depression, in the 1930s. The similar printing of enormous quantities of paper money, not backed by anything except more paper, has also resulted in the current Great Deflation, still deepening, worldwide. The soup kitchens of the 1930s have been replaced by food stamps, but the resemblance is not coincidental.
Realizing that Keynesian economics failed to end unemployment after the 1932 crash, until World War II began around 1940, enabled us to predict with specific clarity that it would not work these days either. Indeed. Historically, large quantities of printing-press money has failed to reduce the downward trend of Americans with jobs in recent years. Few believed our prediction of "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.
It is difficult for investors to protect themselves in this situation, but we cover it as best we can. We have recommended blue-chip stocks that have a dividend yield higher than that of U.S. Treasury paper, because they are proxies for institutions seeking to park their cash in areas other than overpriced bonds. That should end when the Federal Reserve finally allows interest rates to rise, but its fanaticism in continuing to suppress rates despite the Keynesian method not working represents a triumph of hope over experience—and will not end well.
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. Overprinting paper runs at increasing risk of an eructation of "hyperinflation"—please note it is a word not used anywhere in the mainstream press these days. Predicting a hyperinflation is so daring in today's environment that we might be mistaken, so we will have to get closer toward the end game to be more confident of it. We hope we are mistaken.
I've only watched three minutes of this vid and already found one HUGE lie. At 2:45 the narrator says "to be fair, the central bankers never asked for this immense power they exercise nowadays. Iit was thrust upon them in 2008 when the financial system collapsed." There is no BIGGER LIE than this statement. The whole purpose the house of Rothschilds, the Warburgs, the Rockefellers, the house of Morgan, et al invented the Central Banking system was to wield immense power over all capital and financial markets and enslave the people. Not to mentiont that Central Bankers deliberately created the 2008 economic collapse to SEIZE more power.
I'm always wary of any medium that weaves in immense lies with the truth, as this is often a favorite tactic of bankers to further weave their propaganda into the consciousness of the public debate. They merely spout the truth that has already been exposed but then weave in lies with their truth to keep people uneducated about reality. Don't know if this video continues to do this as I've only watched less than 5 minutes of it so far but as I said, it doesn't get off to a good start.
Yes! smartknowledgeu. "There is no BIGGER LIE"!
America lost her independence and Congress its sovereignty when the Federal Reserve Banks were opened for business on November 16, 1914 -- the day Paul Warburg celebrated the Fed banking cabal's freedom from all political control and representative government influence, on its way to total world power through eventual ownership of the world's reserve currency and protection from all competition:
“This date may be considered as the Fourth of July [for the international bankers] in the economic history of the United States.” -- Paul Warburg
“The Creature has grown large and powerful since since its conception on Jekyll Island. It now roams across every continent and compels the masses to serve it, feed it, obey it, worship it. If it is not slain, it will become our eternal lord and master.” – G. Edward Griffin, The Creature From Jekyll Island: A Second Look at the Federal Reserve.
The jews who created this monsterous lie (money for nothing, chicks for free) are descendants of the Pharisees who murdered Christ, who later created the myth of "Judeo-Christianity," (term invented by a jew in FDR's State Dep. to inflame citizens to fight WW2...it worked) "holocaustianity," and lies like "Jesus was a 'jew'."
Was there such thing as a "jew"/ in the 1st CAD? How could there be a "jew" in the 1st CAD when the word "jew" did not exist till 1775AD? (Argue with Oxford about this date, not me.) The Greek word is Ioudious, not jew.
I presume that you have never read a King James Bible.
The English word Jew is found in the King James Bible, circa 1603, and probably also in earlier English language Bibles.
Jew is merely an abbreviation of Judah.
So you say.
Was there such thing as a "jew" in the 1st CAD?
As I wrote earlier you stupid idiot, liar, or both: Argue with Oxford, not me.
How does it feel being smarter than the authors of the Oxford Dictionary of the English Language, about 25 volumes?
Regardless, you prove my point. Per your post (wrong, BTW) the word jew did not exist prior to KJ Bible.
Again, slowly this time for your melon head:
Was there such thing as a "jew" in the 1st CAD? How can it be "yes" if the word "jew" did not yet exist? In the 1st CAD was Jesus a "jew?" If a word did not exist in Biblical times (you agree so far), the Bible can not be employed to support nor deny any meaning to the word. As far as the Bible is concerned, there is sum total no significance, none, to the word "jew" because the word does not exist.
Jesus was a Hebrew. Jesus was "Ioudious" (Greek). Saying Ioudious = Jew does not make it so.
Rabbis maintain power by maintaining the myth of Biblical significance attached to the word "jew."
You're absolutely right, which is why it is blatantly propaganda.
Good catch SK and you are right. The CBs got exactly what they wanted. As planned.
Great primer on fed reserve for those who need it.
http://www.youtube.com/watch?v=kadN7bzBGnQ
What did youi just say!!!
As a canuck, i am speechless that this got onto our mainstream media. think you will find this on msnbc ya hoser?
I've always said:
At least in Canada we have more benevolent owners...."
Re. The Monarchs Of Money
More like: The Motherf*ckers Of Mayhem
i posted this on the wrong thread (a bubble in safety) it looks like! here it is again:
central banks are attempting to reduce the risk of any and all investments. they expect that this can be accomplished by stabilising returns, in other words, reducing the volatility of returns (risk) across the entire economy. perhaps it was warranted by the financial crisis, but where is the crisis now? no banks are failing, all banks are funded by cnetral banks and have no need to trade with each other.
central bank actions now have little to nothing to do with a financial crisis and more to do with the morphing of capital markets failure into an economic crisis, i.e. central banks are papering over a depression in employment.
negative returns increase risk faster than positive returns. (ever wonder how a doubling of the stock market can result in option vols at lower levels than halving of the stock market?).
the suppression of risk is the path to communism/full state control and enables mobocracy (the creation of a numerically larger number of "voters" with diminished prospects and less and less money.
if the central banks treat a reduction of risk as a primary goal, only low risk/low return investments will be available.
in a world without central banks, individuals assess the risk and demand the return. individuals would not lend money to projects without sufficient compensation for risk.
where the central banks suppress risk, individuals lose the right to demand a return. why do central banks think that it is "right" to force lending rates below the risk premia demanded for inflation and time?
simple, because they are instructed what to do by politicians elected by the same people who have become disabled by the suppression of risk.
to this I add the following bullets:
so there!
There are three kinds of people in major Central Banks and ruling bureaucracies like the EU.
The first, perhaps best exemplified by Ben Bernanke, are arrogant academics, embracers of tautology, whose models tell them that their models are correct. They are never wrong; it is merely that sometimes the models need tweaking. They will go to four decimal places when calculating, such is their misplaced confidence.
The second, best exemplified by the Eurocrats, are those who are enamored of the privilege and isolation of their position, which means they can discuss in a wholly statistical and unfeeling manner, the "necessary, but for the greater good" downside of their policies on the masses---comments which arise while they enjoy an expense account second bottle of '96 Chateau Lafite Rothschild with dinner, before retiring to their suite at the George V.
The third are those who know it has all gone horribly wrong, have nearly debilitating fear of the future, know the limitations of the first type above (the Bernankes), hate their colleagues of the second type, and for whom it takes all the courage and Stanislavski they can muster to put on a happy face when questioned in front of rolling cameras. They are pressured to stand united and to refrain from going off message, lest there be "confusion".
There is no plan. There is no control. They are winging it.
quite right...they are winging it..mind you..if they had the answers for full employment, low dispersion of inflation in free markets and broad based economic growth, we wouldn't be having this conversation!
i have a prediction:
the next black swan will be prompted by the discovery of corruption at central banks.
we already know that politicians and the IMF are corrupt. the activities of certain cnetral bankers might be due to hit the blogosphere and the MSM. perhaps it is a direct link between Draghi and GS and Italian/Spanish/Irish/Portuguese central bank collusion in euro entry or number fudging by the French, the Dutch and the UK.
I still have trouble with the fact that the French heads of the IMF are sexual deviants or abusers of public funds for their own purposes. surely surely surely this is the abuse of power that cannot stand.
http://www.globalpost.com/dispatch/news/regions/europe/france/130320/imf-chief-christine-lagardes-house-raided-french-police
What Carney doesn't point out is that with the deflation, the lost homes and the unemployment... The debts get written off. The debt is repudiated. It goes away, leaving credit circulating. This is what allows a recovery in the deranged monetary system we use today. Without the debt repudiation, there can be no recovery.
Mark Carney: "Ultimately history will judge whether we got this right"
Yes Mark, history will be your judge, as well as God. You better start praying for a miracle now.
I would bet that this den of vipers will make nice part of real shareholders
http://en.wikipedia.org/wiki/House_of_Lords
for a long time, i thought that ability and leadership exhibited over many years was a way to prevent the stupid taking over.
what i see, for what it's worth, is a tremendous amount of effort and ability that is not being co-ordinated, led and controlled.
the house of lords is just one example of the assumption that a central spirit for the good of a country is no longer captured by the micro management of "right and wrong" but arrives piecemeal with too many unintended consequences, a lack of direction and, unfortunately, an increase in voter apathy and lethargy.
what the answer is, i'm stuffed if i know, but it surely has to revolve around something like hot housing a prototpe of projects by ALL (not just politicians) qualified/interested parties and judged, not by polticians (their role should be limited to reading the bills and making sure they are understandable and disseminated to their electorates) but by some advance on the judge and jury system used in criminal law.
i would hazard a guess (desparate hope!!) that the majpority politicians are not governed purely by dogma. in any event, ONLY 8% of spending is discretionary, the rest has been earmarked for decades to come.
so we have leadership elected by half of a 60% turnout, voting on discretionary spending of c. $3tn times 8% or $240 billion.
this just ain't right and is not a democracy, but a sham and has occurred because there is insufficient quality of leadership emerging from the current democratic process.
Carney is just another Manchurian from Goldman Sach. I apologized to any real Manchurians....I am sure you are much nice than anyone at Goldman.
Dead Kennedys - Kinky Sex Makes the World Go 'Round (Lyrics, subtitled)
http://www.youtube.com/watch?v=33pA31c2cfs
Not one mention of gold and silver in the pos propaganda piece. This is sum BS...
ww1 ww2, Switzerland was always ALLOWED to be neutral, so win or lose there was always somewhere to store and collect. Think about it who what why and when did TPTB decide one wee small country in the middle of Europe in the midst of 2 World Wars just happened to become a secrective banking haven that remain untouched by wars that surrounded them. bLOODY THINK ABOUT IT!
The Dresden holocaust should have been Davos.
Total notional amounts outstanding of OTC derivatives amounted to $639 trillion at end-June 2012, down 1% from end-2011 . The appreciation of the US dollar against key currencies between end-2011 and end-June 2012 contributed to the decline by reducing the US dollar value of contracts denominated in euros in particular. The overall decline was driven by interest rate contracts (–2%). Credit derivatives notional amounts also continued to decline (–6%). In contrast, foreign exchange contracts outstanding rose by 5% to $67 trillion.
http://homment.com/Outstanding-OTC-derivatives
Now that's a barn load of trillions.
if you disregard China, India, rest of Asia ex Japan, south America..that leaves 6.39e14 of swaps to support US (300m), Europe (300m) and Japan (140m)..so 7.4e8 round down and up its roughly 7e14 divided by 7e8 = 1e6 or 1 million of swaps per person in developed economies....who'd have thunk it
i am guessing there is twice that in fx forwards...hmmm
Transfer of wealth my ass.
From me, and particularly my elderly parents to the banks.
The blowup was a direct result of the misguided policies of the central banks in the first place.
So they save us from themselves and continue to screw us further and we are supposed to not notice and thank them to boot?
Blowjobs.
So, the Central Banks didn't get powerful until 2008?
Huh...I did not know that.
Almost all government can be defined broadly as forced transfer of wealth and benefits from one group of people to another, or from one type of economic activity to another.
What makes this case so infuriating is that the transfer is being orchestrated by self-appointed people, not elected officials, and that the wealth transfer is ultimately and primarily to them and their banking industry from everyone else.
It’s absolute power. They get away with it, not because of the rare instances where their methods seem to be proven right, but because no one can ever prove them wrong.
Monarchs of Fiat.
Western C/B's have lost control. Billion dollar notes, trillion dollar notes floating all over the world and it's not enough to stop the decline. The only hope the Monarchs of Fiat have is to devise a super fiat that the world will have "confidence" in.
A long and slow leak of real wealth to PM's has left overlevered fiat hanging rotten fruit about to drop into nothingness. Western C-B's gold has moved to the 750 million who realise that the only way to keep some control of ones wealth is outside of the fiat ponzi.
An ounce of physical gold is an ounce of physical gold. Anything digital or on paper can be changed to suit the gov't or the bankers will.
This is a great thread.
I know it has been said before, but
FUCK YOU Ben B!
This video is bullshit in high degree.
I'm surprised it was brought here.
At around min. 2,40:
Now to be fair, the central bankers never ask for all this immense power they exercise nowadays. It was trust upon them back in 2008 when the financial system collapsed. Turns out the elected politicians had neither the nerve nor the support to do what had to be done so the central bankers stepped in.
Please! We know better than that. It's a sentence that can have some credibility to my aunt who almost never entered into a bank, but here, in ZH...
Maybe they showed it to display their arrogance and BULLSHIT? Huh? Ya know? An expose?
-:)
It loves showing off.
Kinda a 'coming out' party?
So to speak...If you will.
I'm a little bit drunk and so take this with that considered..
Reality on the macro scale is as pliant and as liquid as in your 'internal' life. We exist in one corner of an infinite playground.
Like Kindergarten..But with far worse bullies-:)
these are the sons and daughters of lucifer who suffer under the 'curse of cain'! this battle is the very same battle that began in the garden of eden!!!
With essentially everything being a metaphor???
Yeah, that's one way of putting it.
"Now - to be fair - central bankers never asked for the immense power that they exercise nowadays"
Yeeea...
Rule #1 of youtube: Comment function disabled = disinformation
Exactly. Only gov't propaganda, disinformation, and outrageous hoaxes have comments disabled.
"The world's central banks have printed unimaginable amounts of money in recent years..."
The world's central bankers have created unimaginable amounts of credit. The U.S. government alone has borrowed trillions.
It's kinda like some wierd movie.
Too wierd.
I don't get 'it'?
I watched this crap this morning and couldnt post as I have been off doing real work so I'm posting now.
The central banks never asked for this responsibility did they eh?
Bullshit and bollocks obsfucating the real issues once again. Well let me tell you this, and I believe I am in good company here folks, the veil has been lifted cunts, we know where and who our collective anger should be brought upon and we dont need more partisan bollocks to try and muddy the waters.
If you read this mr carney, know one thing, you can break bullshit and bollocks if you think that will help your cause, because it wont. I am sick and tired, in fact I am ready and willing to go full retard on your lot, I am fucking seething with outright rage that you think you can pull the wool over our eyes again. Put me in a room with 2 or 3 of these fuckers and only one leaves, I am past fucking caring.
You deserve whats coming down the pike you fucking immoral bastards, and folk like me will give you whats due.
Take that to the bank you fucking cunts, this game is overdue, lets kick it off, come start with me you horrible pathetic excuse of human skins, you make me fucking sick peddling shit like this to cover your backs.
Fucking pathetic fucking scrawny arseholes. Come on then, come bring some. I have had enough.
Wow, Mark Carney is a real intellectually arrogant fool. These guys are all the same. They really need to be booted.
A halfway decent documentary, but it entirely fails to mention a KEY point - it was the policies of these central banker assholes that led to every bubble and bust in the past thirty years, so to trust anything they do or say is idiotic.
My thoughts exactly.. a Great Video.. i sent it to many... but.. its doesn't address stuff like.. PIIGS etc.. were purposefully put into the situations they are in.. this isnt just dumb lazy people spending ore than they can afford.. GS, JPM, etc.. interest rate swaps, CDS, etc ad nauseum... made it all... exponentially more dire, and urgent...
Sorry for the "out of topic" but...
Everything is connected...
https://www.youtube.com/watch?v=pNcx6Bj4HUk
I'd be more interested in seeing what the governors get up to during their Basel Weekends..
BIS Tower:
Umderground: 4 floors below ground level housing services facilities and car park for 300+ cars
Ground and first floor: foyers, meeting rooms, conference rooms, staff restaurant, secretariat
2nd to 12th floors: BIS departments
13th to 18th floors: management and directors offices as well as visitor offices and of course the governors offices. The swanky restaurant is on the 18th.
19th floor: technical installations.
The building is heated from the town's heating system. Interestingly the volume of space below ground is the same as the volume above ground - 87,000 cubic meters in each case.
The underground construction, the cylindrical central core of the building and the structural flooring are all made of reinforced concrete....
Agshaman
Nice post. I assume you're familiar with agriculture? If so you should be good. I hope this crap goes down soon enough. My dad still has a working farm, we're sorta redneck (read well armed and versed in use) and I'm a medical professional.
Farms got a spring, several ponds, wild turkeys, deer and lots of beef.
I can sell some shares to be invited to our spot. Only those who can afford and can hit a target reliably can come.
He too shall feel the boot of the men in black soon enough. No one is safe and no where is safe. So when you are backed into a corner, you do not have very many options. Its a pretty day around here today and most Americans I noticed are not paying much attention and still think they are free, no matter what happens. They still have faith in this corrupt system and cannot be brought to believe that it could all fail. All Americans feel that war is for those who volunteer and it doesn't affect them. All Americans feel that government checks will keep coming no matter what. All Americans feel the stock market will keep going up and up and they are happy with it. All Americans thing that government even though it can be obnoxious is nevertheless still somewhat benign in character no matter the writing on the proverbial wall. They saw what happened in Boston but still they do not believe. But one fine day, yes one fine day, they too , all of these scoffers and ass dragging crybabies will be dragged kicking and screaming to real life and they too, shall drink from the cup. But by then, it will be too freakin late.
If every farmer or redneck takes just one person with them... Of course no one wants it to come to that.
But it was Solzhenitzyn's greatest lament, "You only have power over people as long as you don't take everything away from them. But when you've robbed a man of everything, he's no longer in your power--he's free again"
"What would things have been like if every Security operative, when he went out at night to make an arrest, had been uncertain whether he would return alive and had to say good-bye to his family?"
"We didn't love freedom enough. And even more – we had no awareness of the real situation"
decent high level video for folks that just arent or dont want to be breifed in too deep..
ignores the most simple fact of it all..
Fiat.
Becasue 99.9% dont understand, dont want to understand, understandably becasue they have been deeply programmed their entire lives to be such, just what money is.
Money is a simple representation of something of value. be that Labor, or a commodity.. something... potential work.
Fiat eliminated that. Promises and good will.. are NOT real Potential Work. Not when those delivering the representation or promise.. are known liars and thieves.
Good point, ITrustMyGut . A flea can live on a pig for it's whole life, aware the forest of hairs, terrain of skin cells and existence of other fleas but not knowing that he lives on a pig.
It's only when the flea jumps off the pig and distances himself by moving away (or being objective about the truth) that he can look back and see the big picture. Most fleas (people) never think to seek out the big picture, they just live off of the pig (Fed mandated fiat) not knowing what it is.
Holy shit, I am sick to my stomach again after watching that well done expose'. Actually, no, I'm really fucking pissed off after watching that. There be some hatin goin on round here right now. Great post Tyler. I'll do my best to spread that video around.
Ever onwards and upwards...into the ethereal sky.
Like this : http://www.businessinsider.com/warren-buffett-q1-equity-index-puts-2013-...
"How can we go wrong, when we are so strong" they sing.
FWMD?...
Doesn't this remind you of those secret meetings on Jekyll Island in 1913 whose time line as posted here..???
We all learned what that meant in the 1930 s...
we few, we happy few, we band of silver holders . . .
Agreed. Makes me want MOAR silver. There can be only one.
Jeffery Sachs presentation to Philadelphia Fed on April 17th
Call them out Jeffery and beware of plane crashes, heart attacks, cancers, and suicide.
http://www.youtube.com/watch?feature=endscreen&v=hCCr-uiqtAY&NR=1
Men with the last name "Sachs" conger up warm feelings of trust and friendship. I know I can trust him. I just know it.
Do you really think the huge wealth created on this planet will just sit around with no one paying attention? Of course some group is going to run it.
It's not a question of if, just a question of who...
The banksters control the govt and control the wealth system...
That's very bad.
The only thing that could possibly be worse would be the reverse....
Don't worry about wealth and money and stuff like that. The children of the sign of the sign of the scorpion will releave all of the useful idiots of their hard earned money because that is what they do so well. Over the centuries , one might gather that the stupid goyim would have learned one good thing about these parasites but alas history repeats itself time and time again and Americans are so stupid and gullible. so
This article is much easier to read and understand rather than that load of horse shit that chumblez wrote.
Note: Produced by the CBC the public broadcaster in Canada. Yup .. we do get some value for our taxes. Beats the crap out of Fucx News.
This so-called documentary is pure propaganda. Trying to get ahead of public criticism from those who are waking up and asking questions. It pretends to be critical to daze and confuse, to lend some sort of non-existent credibility to what they are doing. I am Canadian and I have accepted that Mark Carney was never one of ours. He is a tool of the elite and he has done his job (for them) so well that he now sits in a position of power that boggles the mind.
I am finding an increasing trend in Canadians being overly smug about our economy and our culture. However, Canada is not some magical place with more ethics or special access to the truth than any other country with a central bank. We are owned just like our American and European cousins are owned. We are not some special snowflake. Our big banks have just revealed that bail-in's (like Cyprus) are now part of their modus operandi.
In a way our news is more dangerously misleading than other mainstream news because it tells half-truths disguised as the whole truth; cognitive dissonance at its finest. By criticising your own agenda, you will not need to explain your failure or even own it. All you have to do is say "I never promised you a good ending." This piece of propaganda is designed to deflect, not encourage, the questioning of the status quo.
In the final analysis, I agree with "aint no fortunate son" in that this productions is in the essential respect disinfo journalism for not calling the financial power structure and its system what it is, the absolute rule of many by an unelected few by the most devious and secretive means, with the life of the commons be damned. The only upside of its posting here on ZH are all the fabulous comments it provokes.
Meanwhile...
Shit keeps going on in the Middle East and elsewhere.
Sad truth.
http://www.youtube.com/watch?v=LYzJLzTZduk
Just who is the real axis of evil in the middle east? Yeh I know. The chimp said one time what seems like a long time ago that you are either with us or with the terrorists. Just who are the terrorists this traitor was talking about? Assad perhaps is no walk in the park, but for him I say, God bless him and I hope he fights the invaders and wins one for the good guys. For you see, he fights our enemies, the real enemies of the American people who like there, are bothering us a lot and more and more as of late. They want our guns so they can make it easier here for their useful idiot cops to go around , rounding up anyone who thinks.
They are also credited with imploding the financial system!
Very good compact clear docu which could open some eyes.
"it was thrust uponm them"?
what bullshit.