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Picturing The Biggest Scam In The History of Mankind
Last week Mike Maloney exposed the "biggest scam in the history of mankind" in 7 easy steps in his latest presentation. As Mike explains, most people can feel deep down that something isn't quite right with the world economy, but few know what it is. Gone are the days where a family can survive on just one paycheck...every day it seems that things are more and more out of control, yet only one in a million understand why. Here is the simple infographic to explain the grift...
(click image for massive legible version)
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This excellent video gave me the final impetus to sit down the next day and write a 5,000 word essay explaining what is wrong with the American people.
For those with internet access
Here's the beginning:
First, there is plenty of reason for hope, so don’t despair, but …
Something is wrong with the people, who seem increasingly partisan, ignorant, apathetic, dishonest, evasive, cowardly, hypocritical, passive aggressive, insecure, conformist, closed minded, irrational, illogical, and unprincipled. Perhaps most obvious is the increase in cognitive dissonance, but the entirety of the character devolution of the people should be really obvious to any American who has lived long enough. I first noticed it during the Clinton Administration, but the root cause actually started long before that and merely caused a rather obvious leap under Clinton.
A lifetime of experience has taught me that just about everyone has the potential for the dark side as well as the potential for nobility. Both impulses are in our genes, but something in our environment is favoring the dark side.
First, let’s identify the rather obvious trends that motivate us to find a cause. Then, we will learn how they all have the same root cause:
(i.e. infertility, cancer, autism, diabetes, Alzheimer's, and allergies.)
(e.g. psychotropic drug prescriptions.)
(i.e. 9/11, Obama, Clintonomics, anthropogenic global warming, the economic recovery, the police state, Syrian intervention, the Tea Parties, Detroit, race, racism, Trayvon, gender, guns, abortion, homosexuality, the Constitution, history, the free-market, science, innovation, libertarianism, progressivism, fascism.)
Before we can solve a problem, we usually must understand the cause; otherwise, the unintended consequences could be worse than the original problem. In fact, the solutions of the past are the cause of most of our problems today.
Given that those who are most successful tend to be those who are least principled, we can see why every other problem is the result of unhealthy interventions at the top, but how did it get to be this way?
After a few generations of unhealthy interventions from the top by men who may or may not have been principled, we can see how their bad solutions created a perverse incentive structure that rewards bad behavior and punishes good behavior. Just like bad parenting creates a spoiled child who suffers from arrested development, now an entire people are increasingly spoiled children who suffer from arrested development.
The Soviet Union had a system that rewarded unprincipled people, and it crumbled from within.
Everything afflicting the people (that wasn’t caused by evolution) is caused by dishonest banking and a dishonest money supply, and the watershed of problems are self reinforcing. One unusually large cause of problems, that was itself indirectly caused by dishonest banking and dishonest money, is political correctness. Another unusually large cause of problems that was itself indirectly caused by dishonest banking and dishonest money, is media bias.
This is where the real explanation begins.
It's not american people.
No, it is NOT JUST American people.
Most of the "Developed Industrial World"
that certainly people reading ZH belong to,
are not one bit concerned whatsoever with the crap that the rest of the world
has to deal with.
Why should we be?
We have the good life, they have the bad life.
Roll the dice, but fact is, most people that are comfortable don't have any reason at all
to care about those that aren't.
Jesus said --"The poor you will always have with you."
He could also have said -- "The rich you will always have with you, and they will be the feudal lords of the poor."
The 7 easy steps to controlling the world without doing any honest physical or mental labor (fractional reserve CronyKapitalistComrade Model):
1.
Buy off/bribe/blackmail/extort/destroy any lawmaker/politician/military officer who poses a risk of thwarting your plans. For those who doubt the feasability of this, or its relevance to current times, please refer to your course materials and the historical record regarding the events surrounding the meetings held by dominant global banking interests on Jekyll Island, off the Georgia Coast, in 1910. *Very important first step.
2.
Create fiat from thin air at zero cost basis, using nothing more than a literal stroke of a key, that's backed by nothing of inherent value, that has nation-state enforced legal recognition (due to that which is stated in #1 above), and in fact, is a monopoly currency with no legally recognized alternative in the payment of debt, both public and private.
3.
Circulate such fiat via "loaning it out" (which is an oxymoron amongst oxymorons), charging interest upon it, and dramatically increase the volume of fiat/debt created in step 2 by many, many multiples, via the use of leverage (whether by allowing the mule banks to have articicially low capital requirements, or purposefully not regulating credit derivatives, or via a plethora of other mechanisms).
4.
Successfully get nations (war is a fantastic motivator to borrow), business entities and individuals (the need for food, energy, health care, security, etc. are great motivators) to borrow said worthless fiat that was conjured from thin air, and pay interest, pledging their real, inherently valuable assets in exchange for said worthless fiat (i.e. meaning that their real, inherently valuable assets can be taken if the conditions that make it impossible for them to repay the worthless fiat are [intentionally] induced).
5.
Set the rate of interest payable on the loans of fiat that was conjured from thin air, solely at their discretion (don't be Krugman-level disingenuous and proclaim anything remotely close to 'free market mechanisms' set these rates, especially at a time when the Bernank has just purchased [using fiat-debt conjured from thin air, so no skin of the Fed's nose] a massive chunk, roughly equaly to 60%+ of U.S. deficit spending- i.e. monetization- of U.S. Treasury Notes for about a 28 month period).
6.
Supply more of such fiat, or withdraw fiat, to/from the system, at their discretion, bringing about inflation or deflation.
7.
During times of large scale loan defaults, on the repayment of the fiat that they conjured from thin air, backed by nothing of inherent value, seize the most valuable assets that exist on the planet, many of which mankind depends on for its very survival.
Same Shit, Different Day, only now, there's vastly more leveraged fiat/debt/credit in the system when (not if) everything implodes, versus the last time the system imploded, so MOAR & BIGGER BUBBLES will inevitably be required to perpetuate the paper Ponzi... (i.e. tragic misallocation of resources, wealth, capital, what could have been truly productive endeavors had banksters been forbidden from controlling the destiny of the global economy by controlling the volume of fiat in their ability to create boom-bust cycles at their sole discretion, etc.).
Wow, that's even bigger than the climate change scam.
This only touches the surface of the scam. It is MUCH, much bigger as any banker familiar with shadow banking would tell you (if they had enought beers to be honest :)). The real issue is shadow banking. In shadow banking they use either physical GOLD or Treasuries as collateral and then simplifying it, they create a fractional reserve system based on those two as collateral. Let me give you an example, you have 1pound of gold deposited in a vault, and you think it is safely in your name, but you never hired a lawyer to explain to you the fine print in the contract to see what happens if the vault owner goes bankrupt, you only read their brochures. The owner of the vault, uses your gold as warranty for loans as many times as he can get away with and then invests the proceeds in the market, and while at it, he leverages it using margin to the maximum he is allowed. While the market goes up, everybody is happy, you have your gold safe, he makes a Ton of money using your gold as collateral, etc. The system only breaks if the market goes down (look at history and all Ponzi schemes are uncovered by market crashes). When the system breaks yuor insurance evaporates and you end up in a lawsuit that can last decades to get your gold back, and most likely you never will. Same thing is done with treasuries who are lent to the operators by the large mutual funds on an overnnight basis. Borrowing overnight they pay nearly nothing in interest and then that money gets invested in longer term higher risk investments i.e. leveraged on margin equities at the end of the chain. If there is a crisis the rug is pullled from under the people that are funding their need of working capital with supershort term loans (overnight repo) and the mutual funds ask for their treasuries back, and the whole system leveraged 70 times or more comes down crashing. This shadow banking is creating cash out of thin air at a much faster rate than the "OLD" monetary system described by the author, and the people making the big bucks are not the "OLD" rich families but the mafia sponsored financiers of today.
The financial world IS a mafia. They don't need to sponsor it; they own it. They don't need to whack people, and every scam they operate is totally legal.
They wear 5 thousand dollars suits, and they live in Connnecticut, but they're no different than the Gambinos.
Future Jim, you just missed out including usury on the list.
High levels of compound interest.
People that know basic math should never agree to any loan that charges COMPOUND interest!
He also missed out the fact that the education system has become so horrible that even he is not immune to the effects, as can be seen by his grammar and punctuation choices.
But really, when it comes down to it, is all the things on the list are a symptom of one underlying problem, and that problem is that the very foundation of society is based on lies and inconsistencies. We are told that stealing is wrong by people who make an exception for themselves which they call taxation. We are told that murder is wrong by people who make an exception they call war. We are told that it is wrong to rape by people who make an exception they call prison where buttrape is incentivized and not prevented in any way shape or form. We are told that counterfeiting is wrong by people who make an exception for themselves and force us to use money they claim is backed by their (our) ability to pay (ourselves after we've already spent it all), but which they can counterfeit at will when times get tough.
The American experiment, which was almost the same as the Roman experiment, one in which if you just write the right things on a piece of paper and tell your children that it's pretty important, and that this will somehow chain down the machinations of the state, has failed. Again. As it will every time it is tried. Anarcho-capitalism is the only system which has the possibility of being both morally and internally consistent as well as sustainable and practical. Until that idea is adopted, this cycle of empire ( republic -> empire -> socialism -> collapse with optional fascism -> repeat) will never cease.
g edward griffith said it all.
Thus the seemingly obsessive and semi-irrational fear chatter being expressed by our Government as to why the market cannot ever be allowed to crash. The jig will be up when that occurs.
The system only breaks if the market goes down (look at history and all Ponzi schemes are uncovered by market crashes).
Fraud-fiat is dead.
All around one can see the last gasps of a dying empire that exists only on paper.
That vacuum left over from productivity and free markets is being filled with Fascism while the world squabbles over pet liberal causes (fag marriage, national security, abortion, health care, guns, etc).
Some very solid posts on here already.
.
The agenda is on - all over the world. Started since day 1 along time ago (whenever that was).
.
Remember, 'they' want to destroy the financials, nationalities, religion, gender...and family. And then bring in one...their world order.
.
We are dealing with ancient old school shit...blue bloods/families that are rulers of time and space. The calendar rules our life...thank goodness its Hump Day...
@ BLOTTO,
That's one half. Yes, the finances are run out do The City of London but one must not forget the intelligence is run out of The Vatican via the Jesuits. The Global Criminal Oligarch Cabal Bankster Intelligence Crime Syndicate.
8. Dumb down the population with repeated doses of distractions through an efficient distraction factory, diverting attention, creating meaningless debates on non-essential issues, stressing games, arena sports, escapism and fiction as worthy of attention rather than philosophy and principles of governance, monetary policy and banking. Alliances between banks and media are very important. The truth must not be leaked.
9. Mix terrible monetary policy with dubious moral viewpoints to form toxic hybrid ideas: "We need to print more money so everyone can afford a house"
10. Use feelings of guilt ("racist", "fascist", "extortion", "unreasonable", "illegitimate") to stifle intellectually honest dissent and legitimate questions, basically, lie outright without blinking
11. When the money supply contrats, grab all the valuable collateral assets and enjoy, keep repeating
12. Buy all academics with fiat money grants to do research in how good the status quo is and how to perfect it, form think tanks that appear independent but in reality promote the same system
13. Use the thin veil of academia, staged press meetings and obviously flawed forecasting models to sugar coat the hard iron fisted central planning policies
14. Always forecast the outcome of your own actions, never leave the results open for others to judge, note that few if anyone can get away with forecasting ones own success, imagine a soccer player forecasting how he will score a goal if he uses his left foot in such and such way
Evil will always triumph because Good is dumb.
http://www.youtube.com/watch?v=U7XVcqZodAM
And the Forces of Good can never rest, because the Forces of Evil stay up all night.
Until the debt interest expense is greater than tax revenue NOTHING will change. They can always say eventually everthing will be okay because they have future money to burn. Until then politician's have no incentive to change. And by the time we get there it will be too late.
Evil may be winning the current long drawn out battle - but its impossible for it to win the war.
.
Evil can only lie, manipulate and pervert things for only so long...its dysfunctional and that will be part of its downfall.
LOL! The bankers are wearing little black Jew hats!
Congratulations--you put your finger on the most important part! Dumbass.
You forgot to mention the 6% payout, despite slow GDP growth. Winks.
You forgot to mention the 6% payout, despite slow GDP growth.
you see, atomizer, that's the problem! as soon as you think you've thought of all the problems, you sit back for a moment and even more come flooding in!
i'm thinking of having a dinner and springing this on the unsuspecting guests...people need to see this. it is the best "look" at the fundamental problem that i've seen (chris martenson's presentation being the second best as it's just too long).
Lostinthehood.
Enjoy your dinner and spring the video to all your friends. Hopefully you’ll figure out the 6% reference this time around.
I learned about all of this during the 2008 "speed bump" right after WaMu was bought out. I started paying attention because I banked at WaMu.
Before then, I had only mediocre knowledge about how our economic/banking system worked(basically highschool knowledge + a little business math course thrown in).
I spent a few months digging, researching, pieceing together how it all worked, and then it hit me: This system WILL fail, no matter what. But whats worse is I hadn't paid attention until it affected me personally(WaMu), and that the rest of the country is basically the same way.
None of this is gonna get fixed until it actually affects the country as a whole. Like if the power goes out or bank accounts read ZERO.
But by then, it will be too late, if it isn't already, more than likely it already is...
To be sure most people here were oblivious at one point. Sure someone was the first to notice. Heck, some people have livelihoods that come from political prognostication. Sadly they don't seem to be the ones who noticed but regardless, it was bound to happen. One bizarre thing I've noticed is the resignation. It's like people wake up and after a few minutes of tension they just give in to the perception that it's all inevitable and there's nothing a little guy can do. Perhaps that's really denial.
As long as it appears there will be a free election in 2016 people will just go along. Unless there is a absolute and undeniable landslide win by an outsider one of the insiders will win and take their turn at the wheel of fortune just hoping that this is the term when they can turn the Presidency into 'the regime' so they can be dictator for life.
On the personal level many of us have tried to prepare. On the national level, most of us only know a vote is all we have and it could easily be 'Diebolded' into the camp that we voted against. Outside of armed insurrection, where there's a great likely of getting your ass shot down, what's left? The people in control are, like the squid, not going to let go easily. And they are of the 'bad' sort who, without a moral compass, just laugh as they put us in chains. It would appear that the time is coming where a rising up will be the only choice left; however, that can't be lost on the enemies of our country and you can bet they're waiting for the moment to sweep in when the U.S. has chaos in the streets to put a whoopin' on us. So, we are caught between a sweat and a shit.
vote with your wallet.
buy as many PMs as you can afford. when physical runs out, prices shoot up, currencies fall, and hopefully a reset happens.
spread the message.
MadMax, I did the exact same thing. Never really understood the system until I really dug in. In retrospect the thing that surprised me the most was that I thought I was misunderstanding something because I just couldn't get my head around the absurdity of it. Go figure...
Trickle-down ethics, dawg. Monkey see, monkey do. If your boss is a crook, chances are that you are or will be a crook too.
Bad money and the resulting mis-allocation of capital subverts moral culture at every level.
I'm with you Future Jim. There was a time when all the shit these crooks get away with today were illegal and prosecuted. No more, in large part because the watchdog of the people (Fifth Estate) got so consolidated that it became possible to turn the media into a giant propaganda machine. The people are largely ignorant or mis-informed. Tea partiers are riled up but for the wrong reasons and don't want to hear facts or truth. They believe Fox News and talkers like Limbaugh and Savage.
A giant fomerly hidden hand is behind all this and has been since at least 2000. Coup 'de tat followed by the "new" Pearl Harbor. Here's an excellent documentary just out. Five hours long in 3 pieces all free to view:
http://www.youtube.com/watch?v=O1GCeuSr3Mk
I just finished watching the entire piece and as a person who thought they knew quite a bit about 9/11, I can say I learned about 40% more. Excellent time spent.
Thanks, I plan to watch it now. I think all we need to wake people up though is WTC 7. Anything more speculative leads to quibbling, but WTC 7 proves, in a way that anyone can see, that the official story cannot be true.
The Tea Parties have been largely co-opted, but of all the mainstream people, Tea Partiers are the least bad, so why single them out? For example, they still hate bailouts and big government. I have only found them to be a little cloesed on big military, religion, and Israel.
You 9/11 nutjobs will never quit...
If there was anything to be found Obama would've found it.
Democrats have been searching for YEARS to pin 9/11 and the wars after on Bush.
What have they found? NOTHING.
You know what confirmation bias is? Go look it up.
Democrats are Republicans.
Three party system.....Democrat, Republican, and Progressive.
No one can deny that 'the world changed' on 9/11. People in North America started living in fear. The Middle East went from being just another part of the world (with lots of oil), to our enemies. It was a play right out of the Nazis playbook, page 1, Reichstag Fire. And they combined it with the other mass trauma that America has experienced, Pearl Harbor.
Bin Laden was on CIA payroll since the 80s, as Tim Osman. End of story.
Pearls before swine. Don't waste your time with those still inured with the left/right false paradigm.
I disagree that the Dems have been trying to pin 9-11 on Bush. Who said this regarding investigating Bush crimes?:
"We need to look forward as opposed to backwards."
Go have another heart attack, Dickie.
"You 9/11 nutjobs will never quit...
If there was anything to be found Obama would've found it.
Democrats have been searching for YEARS to pin 9/11 and the wars after on Bush.
What have they found? NOTHING.
You know what confirmation bias is? Go look it up."
Yeah, and O J Simpson is still looking for the guy who killed his wife.
Just finished watching all three parts. I cannot see any person who has common sense not question let alone believe the MSM after watching this. Very powerful!!!
Both impulses are in our genes, but something in our environment is favoring the dark side.
YES, and it is this evil thought: It is right for important people to control my life.
"The extension of the prohibition to bills of credit must give pleasure to every citizen, in proportion to his love of justice and his knowledge of the true springs of public prosperity. The loss which America has sustained since the peace, from the pestilent effects of paper money on the necessary confidence between man and man, on the necessary confidence in the public councils, on the industry and morals of the people, and on the character of republican government, constitutes an enormous debt against the States chargeable with this unadvised measure, which must long remain unsatisfied; or rather an accumulation of guilt, which can be expiated no otherwise than by a voluntary sacrifice on the altar of justice, of the power which has been the instrument of it." - James Madison, Federalist Papers, #44
No, they don't teach this in public schools.
It's all very Darwinian. The good and honest people are trampled upon by the dishonest mutant parasites. The good and honest are unable to multiply in any great numbers to sustain the parasites. The only life forms that can multiple effectively are the mutant cheats. However, soon, wirh no hosts left, just fellow mutant parasites, the food supply runs out.
By tying your writings to a political regime, you are perpetuating the red-blue myth.
Spit the hook out....
Being a barbed hook, that will hurt too.
there is nothing new under the sun; technology will not give us any progress in society, politics, morality. even free people of Athens and Rome fell into traps of avarice, Debt and slavery. the fate of America, the 2nd Roman Empire, can't be entirely different. This time is Not different.
People are mostly the same... they are willing to do what is necessary, but if there is an easier way they will take it. Others read that motivation and exploit it.
Has anyone considered the implications of the major thesis of most posts hereabout lately? Most agree that bankruptcy / defalut is on the horizon. Consider what this really means, and how it will impact money supply.
Since most debt it fiat money, not based on much of anything, when the borrower defaults the 'money' simply disappears. It vanishes as if it never was, which is reality - it really never existed.
At which point that much money is gone from money supply...
Now imagine default by the US on its debt. And also how very likely that is to occur at some point in time, probably soon after the euro-nation defaults. All of that money gone...
Now, consider what happens to the 'value' of the remaining money... it goes way up, prices go way down and you have catastrophic deflation.
Enjoy the future... they will be / are interesting times.
Craig
Never happen. Every time I think this time the whole shit pile must surely collapse they come up with a new gimmick. In the most severe cases where the system collapses entirely they just cook up a new currency and away we go again. Except, like someone who has gone through bankruptcy they start with a clean slate and creat infinite debt (money) all over again.
Yes, they will cook up a new currency. Along the way they may reissue a devalued form of current denominations.
Even sticking with U.S. history, this happened with Continental dollars and again with Confederate dollars.
The fact remains, if you are holding dollars when it happens, you get wiped out.
Those with property, especially productive ag property, a productive business, specialized training/education, precious metals, art and collectibles, etc. will see prices deflate, but they will at least have some residual value to start over with.
If you have a pension, Social Security, etc. that are just promises to be paid in dollars, those promises are in danger of being broken in coming years.
This discussion is to make the average Joe wake up to the fact that their best interest has not been at the core of public policy for the past few decades.
This is also when Millennials, many of whom think they're getting screwed on Social Security, get a reset. Every generation gets screwed bigtime on some issue, but gets a windfall somewhere else. The WWII generation paid a huge price to win the war, but did the best under Social Security. Early Boomers saw their first home double in value by 1983 and most benefitted until 2007 on the RE boom, in general. Boomers stand to lose the most if Social Security takes a big hit.
Millennials, with lower savings and not as much paid into Social Security, get to start fresh when all the promises, buy-ins, collapse, or a reset happens. A fresh start is off-set by getting a slow start on careers and high school loan debt loads. Millennials also are young enough to benefit from AI and genetic developments that will make it common to live past 100. Not a bad deal compared to having to live with Mom & Dad after graduating from college.
The warning is mostly for those depending on a future promise, a derivative, or a paper financial asset that may go to zero at some point in the future.
One reason stocks may be justified to be holding up well is that owning a piece of a real company that is likely to survive any upcoming trumoil, will retain residual value and get repriced after a collapse. The price is still likely to get hammered as people panic sell to save their homes, pay for health needs, etc.
Even gold will go down if a reset takes hold.
This is why Marc Farber says, "one day this asset inflation will lead to a deflationary collapse one way or the other. We don't know yet what will cause it."
This is why Damien Cleusix says,
"there will be no place to hide when the tide turns."
"catastrophic deflation."
Bankruptcy? Default?
No. What have you been reading? ZHers have long said it would end with currency destruction. Hyperinflation. Deflation will be what triggers the hyperinflation, yes. But the deflation is not 'the end'.
"Given that those who are most successful tend to be those who are least principled, we can see why every other problem is the result of unhealthy interventions at the top, but how did it get to be this way?"
The alpha-males have had at least six million years to develop their psychopathic behaviors, so what do you expect, angels?
The real problem is that the vast majority of people insist on giving them a playground, government, to practice their talents in.
Sadly, it works until it doesn't. Then we all do something else and are glad to be shed of the old system. Whether it is gold, fiat or fucking pukka shells the guys at the top win. Every now and then some at the top seem to lose their heads....it is never the most powerful though. They preach from a soap box (TV), roll up their sleeves (as though they were a working man) and lead the march through the streets championing the little guy (all so he can regain his spot at the top) just to start it all over again. Thankfully there is beer.
Your essay was so slanted it wasn't even funny. What is happening in the US is nothing special, they are using the old technique of divide and conquer which from your writing is working quite well. You see it's so easy to divide people, the haves and the have nots, the different and the "conformed", the privleged and not privleged etc. etc.. It's been around since the forming of groups on the savannah in Africa to protect one another from predators. Group dynamics, when you have more than two people in a group you will have at minimum two groups. And once it's done you will get envy and other things because the lesser or perceived lesser of the two groups will feel left out regardless if it's happening or not. Perception, perception is the key. You perceive as an example sexual harrassment laws and Affirmative Action as being part of the plan that hinders and help the elite to destroy the country because of what you perceives it does to society. But on the other hand the people that benefit from it will perceive that it fixes/protects said people from the majority that was making the environment of life, work, and society impossible for them to make a living or even walk across the street and live where they want to live.
Before Kenyism, Affirmative action, Sexual Harrassment and all the other points you put, there was divide and conquer in order to control society. Control can be a bad thing and it can be a good thing at the same time. If you owned a business and male workers in the business made life unbearable for women or minorities in the workplace, where would these people go to have this stop. You may say go to the owner of the business but what if the owner is apart of the gang and or doesn't care. As you say that it shouldn't be alright to make people behave in a politically correct manner. How can you make someone without nothing making him to behave to individuals they don't like or don't want to hire based on skin color or even sex or whatever? These things where done in order to control the people who have been divided before these laws ever came into being so we can live in a civilized society.
We are being told by the elite that those laws are the problem when in reality they are doing the look over here while they steal over there.
I agree that what is happening in the US is happening everywhere, but I am a witness to the US manifestation.
I agree that cronies perceive that they benefit from cronyism, and that those not benefitting from cronyism perceive that cronyism is unhealthy. However, it sounds like you are saying they are both just perceptions and are thus morally equivalent, which is obviously wrong.
I agree that elites protect themselves by keeping us divided against each other, which is another reason for their programs such as affirmative action, welfare, title IX, sexual harassment, political correctness, and all other manifestations of identity politics. They use the same technique Machiavelli recommended to divide and conquer a people.
They are not ideological. They support all factions when necessary to maximize our distraction and fighting among ourselves. They only support some factions over others when those others are already doing well on their own.
Did you miss where I explained that women and minorities would go to whichever business treated them better, and that if their presence made those more tolerant businesses more profitable, then their less tolerant competitors would either go out of business or emulate them? Why are you so afraid that one last intolerant business somewhere might be clinging to existence that you advocate full blown fascism to combat that possibility? You sound like a victim of their divide and conquer strategy.
Quite simply, the USA has been the tail that has wagged the global dog for years. It was very simple when the US economy dwarfed all others. Now the vast majority of the world has become industrialized, far more wealthy, and sophisticated. Access to information, as well as the speed of commerce derived from the global rise of the internet has fostered this growth and its inherent shift in global political power structures. We have come to the point where the dog has finally caught up to the tail and has begun to chew it off. No amount of tail wagging will save the US in the future.
Deindustrialization. Very little has had the impact on wealth inequality that deindustrialization has. It made lots of money for the 1%, to offshore all those jobs. The former middle class, not so much.
If I'm not mistaken, middle class used to mean one income could support a family!
Go viral
"The individual is handicapped by coming face-to-face with a conspiracy so monstrous he cannot believe it exists."
-- J. Edgar Hoover
He knew about 9/11 too?
"He knew about 9/11 too?"
He knew about everything connected to national politics in the US. That is how he kept his job through eight administrations. No matter who came after him he had something on them that would ruin them and put them behind bars for years. So, they always backed off and let him alone.
Yep, these days you can't get any where near an elected office without having something career ruining in your past. Its basically a requirement.
Why? Because for one, it means like you are all the other sociopathic parasites in DC, and for another, it makes you eminently controllable.
yeah, I mean, what's a girl gonna do. Hold her breathe til she turns blue if monetary policy doesn't change?
TPTB control the armies and the legal system. Getting totally out of the system isn't really possible for most.
Getting totally out of the system isn't really possible for most.
Then get out 80%.
Or get out 50% and then try to kick it up as time goes on.
DON'T STAND AROUND AND DO NOTHING!
I agree. We can reduce our dependence on international financial institutions by banking locally, shop at locally owned businesses, reduce our usage of credit cards,and get out of debt .
We have to try to starve the beast that seeks to enslave us.
I don't think they control the armed forces, per se. They do give the orders, for the time being.
It is always been like this. Just more social outlets to bitch about it.
That's where someone like me says "Man these guys are getting really brazen in their actions!" but no actually, people have an easier way to get the word out...
It really has not always been like this. As recently as the Clinton administration, the U.S. was running a budget surplus.
As recently as 2000, Al Gore was proposing a Social Security lockbox to protect the SS surplus from being looted by politicians.
As recently as 1971, our currency was significantly backed by gold.
Only recently have corporations gained the right to free speech via the U.S. Supreme Court.
We have only been running trillion dollar deficits recently. Only recently have social programs and public sector jobs swelled to the point that influence and handouts have made the federal government look and operate like the political ward of a large, corrupt city.
Before 1913, we did not have a private, secret society of banks with control over the nation's money supply. Until recently, that secret group had an incentive to keep the U.S. dollar strong. Now, as banks have operated more globally, the group of banks thinks and acts more globally.
No, it has not always been like this, and more importantly, it doesn't need to be like this.
Bullshit.
"While not defending the increase of the federal debt under President Bush, it's curious to see Clinton's record promoted as having generated a surplus. It never happened. There was never a surplus and the facts support that position. In fact, far from a $360 billion reduction in the national debt in FY1998-FY2000, there was an increase of $281 billion."
The Myth of the Clinton Surplus: http://www.craigsteiner.us/articles/16
No wonder they called him "slick willie". He's probably smoking a fat cigar with some young chick under the table laughing about how he "sham wowed" everyone on that one.
How does that hook taste?
rusty hook ?
Yes, the national debt did continue to increse under Clinton and the four years commonly credited to him as budget surpluses were accomplished by using required treasury purchases from the SS surplus.
The overall point of the response remains - There has not always been, and does not need to be a privately-owned Federal Reserve to run the U.S. monetary system.
Every fiat currency ever created has failed - 100%. Even with the Federal Reserve siphoning off their cut since 1913, we did not go the fiat route until 1971. We only did that because France called our bluff for over-spending dollars after WWII and abusing our reserve currency status.
This is not a blogging exposure event or issue. There has been a progression. Truman, Eisenhower, and especially Coolidge would never have indebted a future generation with financial obligations for anything less than the survival of The Nation.
The Mike Maloney video is one of the best, relatively short explanations of what is happening. Until now, every family has had a crazy stacker trying to get them to believe their crazy talk. This piece helps them understand the core components of the situation and why it probably can't be unwound at this point.
All the complacency is based on the universally-accepted dollar. This video explains why the dollar itself could be in jeopardy.
The myth of the "Clinton Surplus"...
Why won't it fucking die????
Your statement insinuates that it will therefore always remain so. Not true.
Just because something has been going on for a long time, does not mean it will or should remain so. It is not just all good thing or all bad things that come to and end. Eventually, ALL things come to an end. In the meantime, each one of us has the inner freedom (the only kind there is anyway), to decide what to do about it. It sounds like you've made yours.
Bravo. :>). Let's sit back and watch the MSM choke on their own vomit.
It is really a great thing when a smart person makes the effort to explain seemingly complex subjects in a clear and simple way which hopefully a lot of sheople might actually take a few minutes and pay attention to.
Some will even "get it."
That's positive.
As grim as the times seem to be getting, I'm actually very encouraged by the fact that more and more people are gaining an understanding of "The System"...
Exactly what "more and more" people are you talking about?
Most of the people I interact with seem less and less able to discuss anything other than sports, celebrities, and the current price of whatever they are pissed off about purchasing.
But maybe, you are in contact with more "real" people than I am.
What part of the USA do you live in, exactly?
Most people will go along with it as long as it's working out ok for them... Not that that's ok but it's how it seems to be.
Agreed. I don't see it. The REAL 1%ers are those who understand money, currency and the system that supports and drives it. The rich can be oblivious to this as much as the poor.
I have mentioned this whole Fed-currency-maipulation-PM-manipulation-bankster-fraud stuff to a variety of otherwise intelligent people and they either politely tell me that it's no big deal, they have their investments, they listen to/follow Dave Ramsey/Suze Orman or somebody else, or else their eyes glaze over.
It seems like of everyone I talk to, the small business types get it better than just about anybody, but mostly nothing will change until the 2 x 4 hits between the eyes.
Most of the people I interact with seem less and less able to discuss anything other than sports, celebrities, and the current price of whatever they are pissed off about purchasing.
Persist. Keep making your points. Let them call you wierd. Some will wake up faster and some slower. And your skill in explaining things will grow too.
Keep planting seeds!
@ Crisismode:
I'm in PA, within reasonable driving distance of 6 cities. To be sure, you have a lot of "Sheeple" living around here, but there are also a lot of retirees, retired military, single parents, farmers, and others, with fairly acute levels of political awareness.
I don't have exact figures for you, but from my conversations with people, I'd say about half are still stuck in the "Red Team - Blue Team paradigm", "Bread and Circuses", or a little of both...
However, I notice a growing 'distrust in authority', even among these 'Sheeple'.
As an aside:
Distrust = Lack of Confidence.
The System depends on Confidence for survival. As confidence drops, oppression/despotic measures become the norm as The System fights for survival. As oppressive measures become the norm, distrust grows, e.g. The System fails even faster. Positive Feedback, in action.
IMO, we are witnessing not just a collapse of the currency system, but also a collapse of the political system. While they may not occur simultaneously, both are a foregone conclusion.
CH1's post above mine, nails it beautifully.
The 1%, the 1%....what about 99%? Most people (the 99%), cannot argue with the fact that the economy isn't getting any better for them. It costs more "money" to have "less of a life"...and most people want to know why.
But you have to take it slow.
I think he's talking about the 10s of millions of people who've watched documentaries like these. Maloney's new video has almost three quarters of a million views in the week since it was released. It is not now considered conspiracy theory to talk about these issues, which is (in my personal experience) quite a change from not so many years ago.
As grim as the times seem to be getting, I'm actually very encouraged by the fact that more and more people are gaining an understanding of "The System"...
Totally agree,only ONE problem too damn late.
control of the money supply is running up against control of the energy supply, the two are not sympatico, hence the malfeasance. Once the Oligarchs have drank the blood of enough virgins things will return to normal, unfortunately that normal will resemble a melange of 15-18 th century "lifestyles"
Yet the requisite amount of blood will never be realized. They'll just up the number of gallons demanded. Then they'll shout that more virgins need to be created because there aren't enough to go around.
"Then they'll shout that more virgins need to be created because there aren't enough to go around."
Bin saying that for years, more virgins, more virgins, anyone listen? nah! Its all the fault of them muslims wanting 70 virgins each......and those randy teenagers aint helpin none.....we need more planes, more planes, or hitler will win...er, where wuz I now, erm.....single malt ah, yes that's it more single malt...
That the devil (obasama) doesn't exist. nobama. amen. pray for us all. amen.
3 beef tacos, 1 small 4oz bag of chips, and 1 small pineapple juice(hugo de pina) from a low rent Mexican cantina(in US).
$9.65
WTF? $10 for this? Just a few years ago it was like $5-something. How are these mexicans going to get obese?
They will manage well when they eat three of everything
In California they bulk it up and load it up with potato carbs and call it a California burrito.
I only hope enough people will understand this ... to lay the blame where it is due when it all comes crashing down.
When it does, they will be blaming everybody from the tea party to the syrians ... convincingly.
I only hope enough people will understand this ... to lay the blame where it is due when it all comes crashing down.
Which means that we have to be busy explaining it now.
It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. Henry Ford
Perhaps back in the day they would revolt , however somehow I don't see the masses stuck perched on a mobility device doing much revolting.
Take away the twinkles or rob the little rascals battery and that's a recipe for bloodshed right there.
somehow I don't see the masses stuck perched on a mobility device doing much revolting.
Is there an "app" for that on the I-Phone?
Central banks and their secret owners are the biggest scam ever perpetrated in the history of humankind, turbo charged with modern technology - unregulated otc derivatives greater than global gdp.
Although I enjoyed watching that video, of course, one could be critical of it, since it was deliberately made to be simple, and so may be too much over-simplification.
Paul Grignon, the best Canadian authority about the concept of "money-as-debt," says:
"Nice animation ... But, that video repeats the simplistic mistake that the interest can not be paid because it was not created. ... A 'fractional reserve' system was officially abandoned in Canada in 1991. According to a paper by the IMF, the fractional reserve system has always been a myth."
http://www.imf.org/external/pubs/ft/wp/2012/wp12202.pdf
The Chicago Plan Revisited,
By Jaromir Benes and Michael Kumhof, August 2012.
http://en.wikipedia.org/wiki/The_Chicago_Plan_Revisited
The Chicago Plan Revisited was renowned due to its radical content.
From page 12 of that report:
"Bank reserves held at the central bank have also generally been negligible in size, except of course after the onset of the 2008 financial crisis. But this quantitative point is far less important than the recognition that they do not play any meaningful role in the determination of wider monetary aggregates. The reason is that the “deposit multiplier” of the undergraduate economics textbook, where monetary aggregates are created at the initiative of the central bank, through an initial injection of high-powered money into the banking system that gets multiplied through bank lending, turns the actual operation of the monetary transmission mechanism on its head. This should be absolutely clear under the current in?ation targeting regime, where the central bank controls an interest rate and must be willing to supply as many reserves as banks demand at that rate. But as shown by Kydland and Prescott (1990), the availability of central bank reserves did not even constrain banks during the period, in the 1970s and 1980s, when the central bank did in fact officially target monetary aggregates. These authors show that broad monetary aggregates, which are driven by banks’lending decisions, led the economic cycle, while narrow monetary aggregates, most importantly reserves, lagged the cycle. In other words, at all times, when banks ask for reserves, the central bank obliges. Reserves therefore impose no constraint. The deposit multiplier is simply a myth. And because of this, private banks are almost fully in control of the money creation process."
BUT, BUT, BUT, that all goes infinitely deeper than the mere monetary system, since that monetary system evolved out of the historical murder systems, that made and maintained those monetary systems operated by sovereign states, whose public powers were effectively captured and privatized by the banksters.
To quote from Future Jim's comment above:
"Before we can solve a problem, we usually must understand the cause ..."
To actually understand the monetary system takes understanding the history of the murder system, and really, there are no solutions outside of that frame of reference. Money is measurement backed by murder. The debt controls depend on the death controls.
The fantasy that we can go back to some kind of honest or sound money system is the same as the day dream that we could have a sane and stable murder system. Our civilization is based on huge lies, backed up with lots of violence, down to its foundation, and beyond into the basic nature of all animal life, operating as entropic pumps of energy flows. In that context, Ending the Fed is a good idea, which would barely scratch the surface of what the deeper problems are!
We had a honest and sound money system back in the day –Edited
It has been hijacked by people who have be processed to enable the demise of the US dollar. They’re so shameless, you can see them talking on TV. I wouldn’t want to be these individuals once the awareness comes full circle. Can you imagine the facial expression of these folks being told there mission is complete and further services are no longer required. Hahahahahahahahaa!.
But, wait! You promised me.. bwahahahaha. The stupid fucks will never learn.
The constitutionally valid, bimetallic money standard, based on gold and silver, was connected to the principle of the conservation of matter, which limited the banksters' ability to do almost infinite accounting frauds, which was why they systematically destroyed the connection of money to gold and silver, (and, as Mike Maloney stated) thus destroyed the original meaning of the word "money."
I was going to downvote you for dissing "Money as debt" (because that's the one film I've been recommending for years to any random stranger that showed the slightest interest in understanding the source of many/all of our problems), but I learnt something new about the money system thanks to your comment. I just watched this film today, and it's completely wonderful, in that it makes the biggest scam fraud crime theft outrageous fucking call it what you like understandable to the "common man".
"The few who understand the system, will either be so interested from it's profits or so dependant on its favors, that there will be no opposition from that class."
That was true until the internet. The maths behind an exponential curve requires some thinking (in an age of Walmart stampedes), so that we really are waking up this ~ very old, oft repeated ~ scam is MASSIVELY HOPEFUL!!
Sorry, uranian, it was not my intention to appear to be "dissing" the Money As Debt trilogy.
Actually, I feature that first in my collection of my favourite free video about the monetary system:
http://www.marijuanaparty.ca/article.php3?id_article=445
The first two Money As Debt films were also featured as some of the better documentaries to watch on this Zero Hedge list:
http://www.zerohedge.com/news/2012-10-14/top-15-economic-truth-documenta...
I too regard them as some of the best shows to be watched by people who are new to this material. I agree that it is WONDERFUL to be able to easily give people a link to free videos to watch to learn about how the monetary systems really work.
Surely, this one by Mike Maloney also deserves to now be on that list, since it does make complicated things relatively easy to understand!
I gave you a green arrow, RM, because I'd not seen this before, and it strikes me as some pretty significant commentary, coming from the IMF.
Anything coming from the IMFs mouth is suspect by definition.
I thought it was the Roman Empire myself. I STAND CORRECTED!
Taking a cut of an imaginary currency in quantities that cannot possibly matter to them ... since they have all that they need to maintain control forever? I do not believe it is so much about taking their cut as denying freedom to the workers. Truly evil.
In the end, it really does not matter since people can get great satisfaction out of working/creating and leading a balanced life of exoteric and esoteric experiences... if they are mature enough to find the grail, internally. It is only when we allow ourselves to be convinced that we should not be happy that we cannot be happy and fulfilled.
Keep your greasy currency and delusion of control.
ZH should repost again later in the week so it stays front page over the weekend.
Great video.
Our monetary system is fraudlent and only supported by ever increasing amounts of debt. Without debt, there would be no currency because all our currency was created by creating debt. It's the only reason Keynesian economic theory has worked this long. If we replaced this fraudulent monetary system and replaced it with a honest monetary system, all the Keynesians would be proven to be wrong as well. As Nixon said, "we're all Keynesians now".
You'll NEVER get respect untill you begin chopping Heads suckazz!
Evanescence - Everybody's Fool
http://www.youtube.com/watch?v=jhC1pI76Rqo (3:36)
"Gone are the days where a family can survive on just one paycheck."
Funny how math works. When people could leverage up on home loans, the price of homes jumped up. When two spouses work the cost of everything is going to rise to meet demand. If most of both spouses are working it is going to take both to make ends meet.
Large systems tend to exhibit the quality of Self-Adjusting to minimize advantages over the long run.
Things just tend to adapt to that new norm.
There is also a loop from Fig. 5 to Fig. 4. We take some of the money to put down on deposit for a loan from the banks. They then use that as another input to multiply the money up again. Over and Over.
That one is printed and at hand for study. I just can't overemphasize how helpful these graphics are in trying to grasp that "something is just not quite right" feeling. Reminds me of the Ray Dalio thing from 'bout a week ago. Thanks
meh, looks legit.
Now get out of the way the game is on.
i thought the biggest scam in the history of mankind was the last usa presidential election
You are leaving out Step 8!
the banks with the free money provided by the Fed dumps billions into the equity market each day in the attempt to inflate us out of the tidal wave of debt.
People are under the impression people are investing and thats why the market is going higher. Nothing could be farther from the truth. with volumes near 20 year lows.
Professionals know this is total fraud and the markets are being pumped and dumped by the dealers at the largest banking institutions. The Jamie Dimons and Goldman Sachs raiders are directly the 99% of all trading occuring each day.
Now this is the biggest scam of the century. Its not just the printing of money as that has been done forever. its the agreements with politicians which makes this stink to high heaven. the muppets (retail investors) are again going to be the last ones holding the proverbial shit bag when the banks selectively move away from equities.
what a joke. BUY LAND
As long as the sheeple have beer, pizza, and football or basketball - they will ride this train to hell and back complacently.
They have been dumbed-down to the point of hamsters in a cage on the wheel.
Food pellets, water, change the bedding once every two weeks.
"Mission Accomplished".
Some people don't work and get paid. They want to keep it that way.
The ZOG the Biggest Scam in the History of Mankind Built
The UN: Theory by Stephen Molyneux
The UN: Facts by Stephen Molyneux
You won't spend the only money that makes money, that in the stock market, like eating your seed corn. Inflation is retarded EXCEPT for stock prices, which keep up and do better than inflation, more reason to leave the money in the game or miss the boat, train, bus to a glorious future in the new lands. When the time comes and everyone tries to sell at once, the pain is well-shared, and no one could have seen it coming....every 80 years or so when the true believers and adult witnesses are dust.
Step One should actually be: The Citizens of The United States elect politicians, demand multiple services, and refuse to pay for them through taxation.
Step 2 should be everyone goes to the bank and withdrawls all their money.
Judging by yesterday's action in Gold we are very close to the breaking point:
Eric Sprott: "Gold And China To Dominate The World.
Eric Sprott is very bold with his call for Gold at $2400 next year. He stands his ground and continues to talk about overwhelming demand for physical Gold from China. According to Eric, investing in the right Gold and Silver equities provides the opportunity of a life time for wealth creation now. Now after the Debt Ceiling can is kicked down the road for a few weeks without resolving anything, investors will be back to the analysis of the real economic situation. We can forget about Taper until the next year at least with the looming circus entertainment Debt Ceiling Increase 2.0. Default is avoided, but the damage is done. We are very positively surprised by the amount of US Dollar negative articles in the mass media these days. The story about the End of the Reserve Currency of Choice - US Dollar is making its way to the surface now. Last week US Dollar has printed the closing below the all important 0.80 level and is now below the 200MA. Gold on its part is in the break out mode, finally and has painted the set of very interesting charts. http://sufiy.blogspot.co.uk/2013/10/eric-sprott-gold-and-china-to-dominate.html#
Perfectly executed theft by the Zionist cloaked as a Federal Reserve. There is nothing Federal about this pile of shit, they are individual Zionist crooks!
"Perfectly executed theft by the Zionist cloaked as a Federal Reserve. There is nothing Federal about this pile of shit, they are individual Zionist crooks!"
Anti semetism.
The complaint against zionism and the fraternitas rothschild isn't about semitic people. Its about imperialist aggression and deadly criminal treachery.
The term Semite means a member of any of various ancient and modern Semitic-speaking peoples originating in the Near East, including; Akkadians (Assyrians and Babylonians),Eblaites, Ugarites, Canaanites, Phoenicians (including Carthaginians), Hebrews (Israelites, Judeans and Samaritans), Ahlamu, Arameans, Chaldeans, Amorites, Moabites, Edomites,Hyksos, Arabs, Nabateans, Maganites, Shebans, Sutu, Ubarites, Dilmunites, Bahranis, Maltese, Mandaeans, Sabians, Syriacs, Mhallami, Amalekites, Palmyrans and Ethiopian Semites. It was proposed at first to refer to the languages related to Hebrew by Ludwig Schlözer, in Eichhorn's "Repertorium", vol. VIII (Leipzig, 1781), p. 161. Through Eichhorn the name then came into general usage (cf. his "Einleitung in das Alte Testament" (Leipzig, 1787), I, p. 45). In his "Geschichte der neuen Sprachenkunde", pt. I (Göttingen, 1807) it had already become a fixed technical term.[1]
The word "Semitic" is an adjective derived from Shem, one of the three sons of Noah in the Bible (Genesis 5.32, 6.10, 10.21), or more precisely from the Greek derivative of that name, namely ??? (S?m); the noun form referring to a person is Semite.
Map showing the distribution of Semitic languages
The concept of "Semitic" peoples is derived from Biblical accounts of the origins of the cultures known to the ancient Hebrews. Those closest to them in culture and language were generally deemed to be descended from their forefather Shem. Enemies were often said to be descendants of his cursed nephew, Canaan (even though Hebrew in reality, is itself a Canaanite language). In Genesis 10:21–31, Shem is described as the father of Aram, Ashur, and Arpachshad: the Biblical ancestors of the Arabs, Aramaeans, Assyrians, Babylonians, Chaldeans,Sabaeans, and Hebrews, etc., all of whose languages are closely related; the language family containing them was therefore named "Semitic" by linguists. The Canaanites and Amorites also spoke languages very closely related to Hebrew and attested in writing earlier, and are therefore termed Semitic in linguistics, despite being described in Genesis as sons of Ham (See Sons of Noah). Shem is also described in Genesis as the father of Elam and Lud, however the Elamites were not Semitic, they spoke a language isolate, and the equally non SemiticLydians spoke an Indo-European language.[2] Equally, the Hittites are described as sons of Ham, but in actuality they spoke an Indo-Europeanlanguage.
http://www.apfn.org/THEWINDS/library/khazars.html
You just can't believe everything you see and hear, can you?
Somewhat loosely related - or so I think. Stumbled across an "old friend" of ZH - Dylan Ratigan here: http://www.huffingtonpost.com/dylan-ratigan/thousands-of-stories-of-h_b_...
Yeah - it's HuffPo - take it up with Dylan.
"
Do you feel that? The tension in the United States in palpable. The feeling derives from the ever-increasing awareness that a tiny group of wealthy individuals have a hammerlock on our political system that prevents new ways of approaching education, agriculture, health, energy, banking, trade, taxes or climate change.
At the same time, every day we witness thousands of stories of hope in each of those same areas. But none seem able to penetrate the media maelstrom and are ignored or actively blocked by that increasingly small and unstable group of individuals who finance our political system.
So what are we supposed to do?
Recently, I had lunch with a friend and teacher at the Henrietta's Table in Cambridge. We discussed the remarkably frustrating juxtaposition of these thousands of stories of hope and the common barrier they all face from our narrowly financed political system.
...
"
But that led to a TED talk by Lawrence Lessig here: http://www.ted.com/talks/lawrence_lessig_we_the_people_and_the_republic_...
"
There is a corruption at the heart of American politics, caused by the dependence of Congressional candidates on funding from the tiniest percentage of citizens. That's the argument at the core of this blistering talk by legal scholar Lawrence Lessig. With rapid-fire visuals, he shows how the funding process weakens the Republic in the most fundamental way, and issues a rallying bipartisan cry that will resonate with many in the U.S. and beyond.
Lawrence Lessig has already transformed intellectual-property law with his Creative Commons innovation. Now he's focused on an even bigger problem: The US' broken political system.
"
Fractional Banking is fully bad.
Alert.....
FACEFUCK (FACEBOOK) has labeled Maloney's 4th episode as "abusive content"...
Whoever has hacking skills around here please step up to the plate and fuck with that bitch ass Fuckerberg!!!!!!!!!!!!!!!!!
https://www.youtube.com/watch?v=mxBnm1QCMAs&feature=youtube_gdata_player
HAHA bitch ass Fuckerberg!
These long articles make my head hurt.
I'm going for a Big Double Mocha Whipped Cream Dark Choclate Sprimkled Frappachino laced with sweet Hazelnut to wash down my Jumbo Super-Sized Double Meat Baconator ... followed by a tasty desert -- Giant Krispy Kreem Bismark....before I go back and watch Balloon Boy reruns.
5 star post.
If you have good paper and ink, fiat does work.
It's still a great big pile of horseshit, but that doesn't matter anymore.
George Soros bought 19 million shares of JCPenney.
Looks like a 200 million dollar loss to me.
When I could buy ASEs for 7 and 8 dollars, I bought some.
At 27 dollars, I am still a buyer, just not as much as some.
Why have 22 dollars worth of cupro-nickel-steel quarters stashed when one silver dollar does the very same and has even more value by the weight difference.
The Zeitgeist Addendum movie does a much better exposé of the Federal Reserve's monetary system. See: http://www.zeitgeistaddendum.com/
For a quickie view, just move the cursor up to roughly the 4 minute, 20 second mark and just watch the next fifteen or twenty minutes.
For our form of government to work the voters need to be INFORMED and PARTICIPATE. amerikans are doing neother. hence CORRUPT puppets with an agenda buying votes with free shit and pork get elected.
OT-sort of
Drudge running Daily Mail story that Saudis have severed diplomatic ties.
RIP petro dolla...
Fuck, I'm all confused - is the US Israel's bitch or the Saudis'? I can't tell who to take orders from...
"every day it seems that things are more and more out of control, yet only one in a million understand why."
It Is Really Difficult To Understand Why, When What Is Going On Is Being Deliberately Hidden From The View Of The Average Person.
That Which Is Done In Secret, You Cannot Know.
For one, we are not allowed to see the FED's book. There has never been an audit and the democrats worked hard to prevent one from occurring.
http://finance.yahoo.com/news/mcdonald%E2%80%99s-new--dollar-menu--goes-...