I have gone on record that the most dangerous organization is the now French led IMF with Christine Lagarde at the helm, which has presented a concept report that debt cuts for over-indebted states are uncompromising and are to be performed more effectively in the future by defaulting on retirement accounts held in life insurance, mutual funds and other types of pension schemes, or arbitrarily extending debt perpetually so you cannot redeem. Yes you read correctly, The new IMF paper is described in great detail exactly how to now allow the private sector, which has invested in government bonds, to be expropriated to pay for the national debts of the socialist governments.
I have been warning that there is an idea that has been running around behind the curtain that the national debt of the USA could be settled by usurping all pension funds in the country. Here is a remarkable blueprint that throws all previous considerations concerning the purchase of government bonds over the cliff. The IMF working paper from December 2013 states boldly:
“The distinction between external debt and domestic debt can be quite important. Domestic debt issued in domestic currency typically offers a far wider range of partial default options than does foreign currency–denominated external debt. Financial repression has already been mentioned; governments can stuff debt into local pension funds and insurance companies, forcing them through regulation to accept far lower rates of return than they might otherwise demand.”
id/Page 8 (IMF-Sovereign-Debt-Crisis)
Already in October 2013, the International Monetary Fund (IMF), suggested the Euro Crisis should be handled by raising taxes. The IMF lobbied for a property tax in Europe that should be imposed where there are no such taxes. The IMF has advocated for a general “debt tax” in the amount of 10 percent for each household in the Eurozone, which also has only modest savings.
People are blind. They think this is authorization to go get the rich. They are going after everyone for the “rich” are tiny players in the game. People do not want to hear that. They want to think the rich can pay the bills for everyone else. That is not practical and even Julius Caesar recognized that they may be a small group, but they are the engine of the economy that creates jobs. It would have been popular for him to wipe out all the rich who he was against. But in the end, he had to solve the debt crisis by simply retroactively attribute all interest to capital in order to solve the debt crisis that led to the first civil war.
There is no discussion whatsoever of reforming the system. They are merely planning to default on savers expropriating their savings, but continue to borrow forever. Nobody is even bothering to look at the structure that simply cannot work.
The money people have saved the IMF maintains should be used for debt service by sheer force. To reduce the enormous national debt, they maintain that government has the right to directly usurp the savings of citizens. Whether saving money, securities or real estate, about ten percent could be expropriated. This is the IMF view.
Because the government debt of the euro countries has increased a total of well over 90 percent of gross domestic product, they suggest that the people should sacrifice their savings for the benefit of the state. Socialism is no longer to help the poor against the rich, but to help the government against the people. The definition has changed.
In January 2014, the Bundesbank joined the IMF project focusing on a “wealth tax”. In its monthly report they had announced: “In the exceptional situation of an imminent state bankruptcy a one-time capital levy could but cheaper cut than the then still relevant options” if higher taxes or drastic limitations of government spending did not meet or could not be implemented.
In the latest June 2014 working paper of the IMF, they have set forth yet another scheme – extending maturity. So you bought a 2 year note? Well, the IMF possible solution would be to simply extend the maturity. Your 2 year note now become 20 year bond. They do not default, you just can never redeem.
Possible remedy. The preliminary ideas in this paper would introduce greater flexibility into the 2002 framework by providing the Fund with a broader range of potential policy responses in the context of sovereign debt distress, while addressing the concerns that motivated the 2002 framework. Specifically, in circumstances where a member has lost market access and debt is considered sustainable, but not with high probability, the Fund would be able to provide exceptional access on the basis of a debt operation that involves an extension of maturities (normally without any reduction of principal or interest). Such a “reprofiling” operation, coupled with the implementation of a credible adjustment program, would be designed to improve the prospect of securing sustainability and regaining market access, without having to meet the criterion of restoring debt sustainability with high probability.
(THE FUND’S LENDING FRAMEWORK AND SOVEREIGN June 2014)
Now the June 2014 report has a new, far-reaching proposal. This shows how lawyers think in technical definitions of words. There is no actual default if they extend the maturity. You could buy 30-day paper in the middle of a crisis and suddenly find under the IMF that 30 day note is converted to 30 year bond at the same rate.
The huge national debts could be reduced also according to the IMF by just expropriating all private pension funds. The vast amount of people are watching TV shows, sports, or something other than government and they know that. The press will not report the real risk for that is boring news. Hence, where his occupational pensions exist, you can suddenly wake up and find your future is now applied as a contribution to government – thank you for your patriotism. They have successfully convinced the evil is the rich so pay attention to them and you will miss the political hand in your back pocket.
What investor can really judge what is hidden in his fund when the government is denying democratic processes and control the press?
One thing is certain: For years, all pension funds bought government bonds because they were “conservative” and “safe”. I have been warning that the threat would be the Sovereign Debt Crisis. The idea of a pension fund is really now seriously an outdated assumption that government bonds are extremely safe. And you want to even think that the stock markets are over priced and will crash? Where will money go? Government bonds again?
The IMF is an unelected dictatorship over people’s lives and it is now calling the “New profile” of the strategy for public debt must be reassessed. The paper is nothing more than an orderly liquidation of government debt – at the expense of bondholders who can be forced pensioners without their knowledge. The focus is on countries that either have no access to the financial market, or “whose debt is considered sustainable, but not with a high probability.”
The Eurozone is trying to federalize because they know what is coming. The IMF is telling them the path of options ahead but all are designed to sustain the power-base, not what is good for the people. The Euro-leaders have now given up and decided to make more debt while maintaining lip-service to savings. Thus, the Eurozone is likely to soon be directly affected by the IMF plans for when the market get wind of this on the horizon, it will be too late. For you see, pension funds do not THINK out of the box. Nobody will be the first to sell-out government bonds entirely. What if they are wrong and nothing happens? Then the manager loses their job. Even if they find themselves trapped by government either extending their maturities or expropriating all their assets, they will justify themselves as everybody else lost so they did nothing wrong.
Obviously, these ideas from the IMF would mean that if the debt is no longer manageable, then the power of government entitles them to just usurp everything to maintain the power-base. The plan of the IMF I believe will result in widespread civil unrest AFTER the fact. The mere fact that these proposals target investors in government bonds who must adjust to debt forgiveness or negative interest rates shows this is all about sustaining government power. Recently, the IMF has argued the ECB must purchase government bonds in the euro countries to sustain the Eurozone. They are like the terrorist leaders who brainwash kids to blow themselves up for the good of the cause while they would never do the same thing themselves.
It is noteworthy that the IMF imagines this haircut on private creditors as a kind of condition that bankrupt states must do to get any further loans from official creditors. Do as we direct of else. This is what the IMF is doing to Ukraine, no less what they did to Cyprus.
However, unlike private corporate debt where there are the real balances and tangible assets secured by real products and business, the IMF proposal amounts to a global nationalization of public finances, which are unsecured debt. This distinction is important. You get nothing from defaults in government debt but a portion of what remains in private debt. Because the states with the this infinite loop of perpetual borrowing with no intent on paying anything back, we are captured in a world of financing that has become completely corrupted.
The debt load of governments on a global basis is so oppressive, we are rapidly approaching not just the collapse in Democracy, but the collapse or the elimination of all market mechanisms in the public finance. If they cannot sustain the debt, default and FORCE the so many unsuspecting pensioners to surrender their future to allow politicians to live comfortably. They see no problem with people holding government debt should be punishable with massive losses, and are blame for extorting government even demanding interest.
The IMF proposal comes during the World Cup knowing that the press will not cover it much and the average person cares more about who wins what than the sneak attack upon their own lives. This far-reaching plan for the expropriation of savers, investors and retirees clearly shows the reality of socialism.
how does socialism have anything to do with this ?
or even capitalism for that matter ?
we live in a massfuckusallist system; the author seems educated enough, he should know that by now
interesting paper nonetheless
She needs to go to China and help sieze all those non existing commodities.
Annoying orange
I read through these comments and feel that the point is being completely missed.
One previous job I had was to read through market rules and determine how and where the rules could be applied in a way that was not intended but deliverted a completely different result and was legal (barely and at times subject to which lawyer was involved). The current fiat system creates a completely different situation on a country level, where the gun boat diplomacy of past no longer has any real influence and unlimited fiat expansion spills over into other countries. Here the game is appying the rules in a completely different manner on a different scale.
Ukriane has a corrupt legacy to deal with under the current thoeretical flag of democracy and a financing requirement that is interlinked to effectively paying off Russian debt. This is where the fiat game is twisted on a state level and under these scenario's it is only the general population left to pay when no external entities will contribute. Like with Cyprus the early warning alarm is sounded for the big money to move first. Shift this into the lense of some EU states that in the past where completely corrupt and still operate with an ideology of years gone by which are by the rules allowed to print themselves out of trouble.
Greece used the game to print bank notes and pose the threat and risk to the currency in a way that was within the rules but not the intent and therefore left the remaining game players of the EU with little choice that left them with a voting base to keep them in office.
Taxing the masses with a one off hit where those that are being taxed still have a lot to loose (home owners) and do not have the time to complain are the real risk area. Soft political targets with only the ballot box to respond with, which leaves the slow shift to the extremes a slow impending car crash for all of us.
True story but this is global. Political economy and Keynsianism are natural bedfellows and the "elite" are the source of both. The game runs on and on, until it breaks, then you reset and confiscate - then start again. The house never loses. Continually planting seeds for the next reaping of wealth. Like dull livestock people just submit to the system and choose to be ignorant.
They vote for politicians who lie, spend their money and then leave office - only for the next butcher to arrive with "accommodative" policies. People really need to realise this is not natural and this is not leadership. The last thing we need is idiot voters demanding nanny-state bullshit that just gives highest bidder politicians a meal ticket and an oppertunity for the elite to take take take.
We all play musical debt chairs to their flute. Then the people pay the price because, after all, we asked to play didn't we?
/sarc on/ But no one cares... we wants our socialisms... and our happy meals... we want it now... print print print... it will be fine... this didn't happen last time... there is no bubble... we would never take your savings... the currency is invincible... there is growth... there is no inflation... the data is noisy... there is no recession... there is no depression.... go to sleep... it's ok i will protect you... shhhhh... /sarc off/ *BANG*
Agree and what the responses in this forum should be more directed towards getting your heads together to figure out what to do as a whole. The individual will always be a sheep or a lone sheep and never influence or chenage thier surroundings on thier own. In a group the power of momentum changes everything if organised, otherwise it is like a regurgitated curry hitting the tarmac at 20mph.
What's George Washington's take on this? He's a socialist, so he should be all for this right?
I would not let this elite incompetent political visionary run a hot dog stand!
no need stand, saussages sticked in the ass, warm t°.
her behavior clearly indicate huge amount of headroom.
It turns out that every asset in the country, whether it be real estate, or saving accounts, or pensions or any contract is susceptible to confiscation by the bank.
It’s the way a loan shark works. You’re in trouble, you need the loan, he gives you the loan, you can’t pay, he takes everything, even your wife’s clothing. He takes it all.
In short, to understand the IMF, you have to understand crooks.
It almost seems that the IMF prefers the punishment to the payment; that its idea is to get hapless countries deeper and deeper in debt. Of course, its main goal is to dissolve the country’s sovereignty, rendering its political leaders powerless, while enabling the IMF to begin to connect these countries to each other for political control from Washington, D.C.
The “punishment-preference-to-payment” is a ruse for world control.
And as Armstrong implies here, it’s a sneak attack; the IMF bankers are not attacking politicians directly, they are attacking the pensioners and the savers, allowing the politicians to have their cushy salaries by going directly to the people for the punishment; it’s the people who will have to suffer.
This, of course, is the plan for the United States. But instead of IMF-led, I would call it Fed-led. The IMF is an arm of the Fed; the international bankers simply brought Lagarde on board because she’s a woman. Lagarde has no power at all; she’s a messenger deliverer. Some women deliver coffee to their bosses; she delivers policy reports. Step out of line and she’s gone; just like Strauss-Kahn.
Thank goodness for Zero Hedge. One of the reasons ZH continually gains ground is that people have to come here to find the truth.
How easy will this sell be to the great unwashed who truly believe that property should be taken from property owners and re distributed to the needy?
Pavlov's dog was erratic and unreliable in comparison to the FSA...
If the territory Mexico is the model of the future, and the two parties acting as one in the U.S. get amnesty, then Mexico we will become.
Before Lenin died in 1924, he outlined the socialist radicals’ plan for world domination:
“First, we will take Eastern Europe, then the masses of Asia, then we will encircle the United States which will be the last bastion of capitalism. We will not have to attack. It will fall like an overripe fruit into our hands.”
Socialism is a conspiracy formulated by hate-driven men. George Bernard Shaw whose Fabian Society’s goal was a classless, godless, socialistic, one-world society points out that socialism is not a system favored by the working classes but by intellectual revolutionaries. When socialism didn’t sell to America’s white middle class, the U.S. government’s one-worlders began the steady importation of a third-world voting bloc that favored socialism, wealth transfer and a welfare state. And, now, America’s middle class has lost its vote for representative government.
Shaw wrote in 1901 in Who I Am, What I Think about his views and the Fabians’ work for world revolution:
“Marx’s Capital is not a treatise on Socialism; it is a jeremiad against the bourgeoisie…it was supposed to be written for the working class; but the working man respects the bourgeoisie and wants to be a bourgeoisie; Marx never got hold of him for a moment. It was the revolting sons of the bourgeoisie itself, like myself, that painted the flag Red. The middle and upper middle classes are the revolutionary element in society; the proletariat is the conservative element.”
I do not classify Third World Mexicans et al., as Marx’s European “proletariat” element. They are a socialogical classification unto themselves.
Christein LaGuarde's numerology lesson of a few days ago should sum up if she is the most dangerous woman in the world.
July 20th. The dollar will de devalued by 70%.
Really Nostradamus?
70%
LOL
war coming...is it?
LaGarde is a cunt, but even this rawhide tanned whack job can't affect the buck much.
Fuck her....on second thought............pass
In reply to Beetle Simpson: Your asinine remark reflects your American low IQ and open mouth syndrome, Homer. Ha. Ha.
Yes, we all know the crash is coming and what makes you think that it will not be in the form of devaluation of the dollar, Hummer? Ha. Ha.
20% devaluation of the dollar or the whole 70%? Oh, that's right, you are no good at numbers or facts! Ha. Ha.
OK motherfucker.
Come the 21st, when this shit you say will "happen" doesn't, I expect you to go out in your little yard and off yourself.
Use a dull knife.
Fuck off asshole.
fun part of the web, google end of the world, you have choice from 1995 to 2500, hou have time to choose your own date.
pretty smart.
They can have all of my 0. It's a nice round number, where the start is also the end; they can use all of it - freely, because it did me no good when they ran the system which is why it remained 0 and always will no matter who controls the presses.
It is ridiculous to call the results of "the Sovereign Debt Crisis ... the reality of socialism!" The Sovereign Deb Crisis is the result of the international banksters applying the methods of organized crime to capture control over national governments, which control they still have, as partly exerted through organizations like the IMF. It is ABSURD to say that what happens is "socialism" when the reality is runaway effective privatization of public powers, which is NOT "socialism," but rather the opposite!
It is awesome how someone like Martin Armstrong can be so smart and so stupid at the same time! It is gravely disappointing that so many other people who publish on Zero Hedge share in this silly view of "socialism." In my view, they are emotionally attached to the nostalgic nonsense about what "capitalism" was supposed to be, and therefore, LIKE to operate within that world view, which has "worked" for them personally, because they were thereby able to benefit from the established systems of organized lies, operating robberies, while rationalizing and justifying that with belief in impossible ideals. Their belief in those impossible ideals would enable them to feel good about their roles inside the real systems, which they could correctly analyze, up to a point, ... but then deliberately not dig any deeper.
Blaming "socialism" is silly when the real economic systems are almost totally dominated by banksters that get to make the public "money" supply out of nothing as debts, while governments agree to sink in that swamp, while dragging everyone else down with them. Furthermore, it continues to be a superficial analysis if it does not penetrate deeper into the ways that all human realities were organized lies, operating robberies. Ironically, some of the smartest people who are able to operate inside of the established systems are the least able to perceive those systems as a whole. That pattern is becoming more blatantly obvious on Zero Hedge, as the real world phenomena keep on doubling down on their debt slavery systems driving debt insanities to develop. Since almost nobody wants to look at the deeper realities regarding how and why the debt slavery systems existed, there are no ways to resolve their runaway creation of numbers that have become debt insanities, than by ever increasing madness.
The social pyramids developed since Neolithic Civilization are fundamentally forms of "human farming." Those happened through human energy systems developing their evolutionary ecologies, on the basis of the essence of the human experiment, which was the development of a brain that could model its world, including a model of itself within its model of the world, which mental ability could then enter into cultural feedback of developing better mental models. However, along the way, the chronic political problems inherent in the nature of life drove conflicts, and those conflicts were resolved through warfare, were success was based on deceits, and in which context spies were the most important soldiers. Therefore, the basic structure of human farming systems was based on it being made and maintained through conflicts in which those who were the best at being dishonest, and backing that up with violence, prevailed.
As the ability of the human mind developed through the positive reinforcements of cultural evolution, there was progress in science and technology, which were primarily put at the service of warfare, because those death controls were what then controlled the outcomes of everything else. The peak expression of human farming was warfare, which established who were the slaves, and who were the slave masters, because the tests were the abilities to back up the statements "do what I say, or I will kill you."
As the ability of the human mind went through its exponentially increasing positive feedback loops regarding modeling the world better, that became entangled in the dilemmas that deceits were the most successful strategies in the struggles to control other people. Gradually, the advancements in science and technology made information become more important that physical power, especially when the industrial revolutions were able to use accumulating cultural information to harness previously inanimate energy sources. As information became more important than power, the systems of sovereign states set up by the War Kings had themselves controlled more and more by the Fraud Kings, the international bankers. That was all one continuous process, although it proceeded in quantum leaps from time to time, from place to place. The historical flow was for natural selection to be internalized as intelligence, which would then operate more artificial selection systems. However, all the way through that process the paradoxical ways that success in warfare was based on deceits, and success in finance was based on frauds, continued to entangle those processes into hyper-complicated tunnels of dishonesty backed by violence.
The basic realities of human farming were deliberately denied and suppressed, while the biggest bullies' bullshit stories became promoted as the various stage religions which developed during different phases of human history. In the Western World, during the last few Centuries, we have seen the combined industrial revolutions of physical steam engines and political debt engines be developed to become based on atomic bombs and globalized electronic frauds, which were expressions of the current dominate state religions, through the military and monetary systems.
OF COURSE, as Martin Armstrong correctly points out: "There is no discussion whatsoever of reforming the system." There is NOTHING within those systems which could ever be adequately "reformed." The only thing that could happen is that the debt insanities will provoke death insanities, and therefore, drive "revolutions" to occur. The deeper issues are about what those "revolutions" should do, when qualifying that consideration with what they most probably actually will do. (After all, they ARE energy systems, which WILL flow along their own paths of least action, unless those are modified by changing the real resistance to that flow.)
That is where the theory of intellectual scientific revolutions should be brought to bear on these issues, which is something that almost nobody does, and which certainly guys like Martin Armstrong show no indications of seriously doing, since he concludes his article with the goofy throw-away line of blaming "socialism" for the ways that sovereign debt problems are suggested to be dealt with by the banksters that originally made those problems become what they are in the first place.
The deeper issues are how, or even whether, better human farming can exist, especially since that now includes the industrialized world, which requires that industry develop its own evolutionary ecologies. However, at the present time, everyone is TRAPPED within the established systems, of organized lies, operating robberies, wherein all of those who were the most personally successful within those systems were also the best professional liars and immaculate hypocrites about what they were really doing. As far as I can tell, people like Martin Armstrong, who may well be another symbolic whipping boy in the context of Zero Hedge, and the world views it presents, are typical in presenting slightly more radical truths about the economic situation, but which never goes deeper than that, because they do not want to.
Basically, almost nobody is able and willing to face the facts that their entire lives were lived inside of the established systems of organized lies operating robberies. Instead, they want to hold on to the false fundamental dichotomies, and related impossible ideals, that somehow there is something else than that, and therefore, they were personally parts of that something else, and therefore, they can recommend that the "solutions" to these sorts of problems is that more people should become parts of that something else. In fact, it is all one world, with one energy flowing, and that energy all flows through similar entropic pump systems. However, the history of warfare based on deceits, and finance based on frauds, has enabled utter bullshit about that to become overwhelmingly dominant, from the philosophy of science, on through to economic theories, which is why guys like Martin Armstrong are able to simultaneously be so smart and so stupid at the same time, being able to predict some trends, while still assigning to those trends the same old-fashioned bullshit labels.
Who said Martin Armstrong was smart?
Besides you?
He ain't smart enough to stay out of jail like his other thieving buddies.
I had the impression that he made relatively good predictions, as in this case:
http://armstrongeconomics.com/2014/05/08/legalization-of-marijuana-right-on-schedule/
Legalization of Marijuana Right on Schedule
By Martin Armstrong
"QUESTION: Mr. Armstrong, I know someone who attended your 1985 Conference in Princeton. He said you illustrated the huge volatility, and forecast there would be the Crash in 1987 and 1989. He said you forecast the G5 would be the source of that volatility, and that there would be a Sovereign Debt Crisis that will begin 2010. But the most amazing forecast he said you bluntly stated that marijuana would begin to be legalized in 2013. How could you have made such a forecast?
ANSWER: The legalization of marijuana is precisely 43 years after it was made illegal following the 1969 Supreme Court decision that led to the Controlled Substance Act that began in 1970. The legalization of marijuana takes place simply as forecast because they need money – it is linked to the Sovereign Debt Crisis. The very same pattern took place with alcohol. Turn the economy down, the government legalizes what is illegal to make money. Casinos are now everywhere."
Is this coming out in a hardback edition?
Only IF I win a lottery, and so, have the resources to bother to pay people to help me edit and proofread by reams of bla, bla, blah, that I have been accumulating for several decades. I do believe that there is a "diamond in the rough" there. However, there is no practical political point, and therefore, barely any motivation to bother to go through another content analysis and repackage everything yet again in another book, since my main conclusion has become that more rational evidence and logical arguments are NOT going to make any significant difference to a civilization already almost totally controlled by lies backed by violence.
i stopped reading after the title.
Permit me to refute your entire opus with an inconvenient fact: if ALL government spending was cut, except entitlements, there would still be a deficit. That is the power of socialism.
Now don't misunderstand me - I detest the banker syndicate. But you missed the author's point, a valid one.
Yeah, I agree with you, Grouchy, that the debt slavery system has dug itself into a hole, while (as it actually digs even deeper) there are no mathematically feasible ways to resolve that problem.
However, the banksters' Money-As-Debt system is NOT "socialist!" I can not comprehend how people throw these labels around in ways which have nothing to do with their actual definitions, and in ways which ignore that the actual existing systems do NOT fit those definitions.
There are NO good labels for the systems which actually exist, which are the paradoxical result of the government being controlled by the biggest gangsters, the banksters, so that there is legalized fraud, enforced by governments, which have privatized the public "money" supply. That bizarre triumph of organized crime which has legalized the counterfeiting of "money" by private banks is the foundation of the current political economy.
It is ridiculous to look at that reality, and then say that the system is "socialist." The debt insanity situation is due to the structure of the banksters' Money-As-Debt systems, NOT due to any other goofy label, such as saying that is "socialist."
The author had a valid point regarding the debt slavery, generating debt insanities, whereby the numbers are never going to rationally be able to add up. There are NO good reforms nor any other solutions within the established systems.
The REAL problems are that the methods of organized crime dominated the political processes. Therefore, the power of the government to rob became privatized, with the ability to make "money" out of nothing given away for free to private banks. That is the INSANE system, which is actually operating inside of a combination of money backed by murder. Therefore, we are headed towards the debt slavery becoming debt insanity, which will provoke death insanities, as the final consequences of the basic system being INSANE, since it was always legalized lies, backed by legalized violence, which was ONLY possible because the biggest gangsters, the banksters, were able to dominate the political processes, in ways which turned most politicians into their puppets, while also working for generations to dominate the schools and mass media, so that most people were brainwashed to believe in bullshit!
Both the warfare state and the welfare state share the same foundation of the political economy becoming based on enforced frauds, which the banksters originally made and maintained, but which is now spinning out of control, because the numbers it generated have become NUTS! Blaming the aspects of the welfare state in that situation upon "socialism" is an absurdly superficial view of the deeper problems!
Ahh, I could have saved some time - almost just wrote a similar response...
I agree (with most of your postings by the way)...
Oddly when ceasing to partake in 401k I recieved a letter "repirmanding" for not participating in the program. I thought how odd it is to get such a letter from anyone as if it is anyone's business but my own as to what I choose to put MY money in or not.
If you don't physically possess it you are only fooling yourself.
Are Europeans so neutered by their heroin-like social entitlements that they will accept this? (Then again - US citizens should ask ourselves the same thing?)
OT Love me some zerohedge for all the smart people, and smart asses. lately its giving me a pain in my ass, as it slows my computer to a crawl, or makes it completely unresponsive after a few minutes. It's the only site that seems to cause this problem (my porn sites still work great). can anyone tell me what the heck is going on, or how to fix the problem?
It could be that your computer is fine and the porn sites are slowing your brain.
Just one possibility.
Get yourself a nail gun and a mirror.
after the porn site you have to wash your hands or it gums up the mouse and keyboard. that could slow you down.
It's the NSA scanning your hard drives /notsarc
Try a different browser, are you using IE? I was using IE fine for years and about a month ago everytime I go to ZH my cursor freezes and can't scroll smoothly. Switched browsers and so far so good.
Let us be realistic. Our government bonds will either be expropriated to further the survival of incompetent governments or they will spontaneously combust when the system goes into meltdown.
It always amuses me that people invest in a losing proposition called government.
You have been warned.
In 2011 the IMF released a paper about haircuts which was ignored.
Send the financial terrorists to Somalia for prosecution.
If this IMF gig doesn't work out, the CIA may be able to get her into Venezuela?
The Cleopatra of Venezuela?
It just might work!
When AUSTERITY hits the good old U.S.A.
Well, Bob Dylan said it best.
Times, they are a changin!
Get ready.
Buckle up.
http://www.youtube.com/watch?v=aVUDdQS2UxA
I'm so glad that I got laidoff from Citi.. This is my new career. Look at the huge fish that I'm holding. More importanat Look at my huge smile. Free at last, Free at last
www.fishhgaak.com
too many h's in the link...
http://www.fishgaak.com/
They better take all of our guns away first.....
False Flag count down begins.
Old news
<<< Yes
<<< No
If you say no, which other woman is in your opinion?
I don't think this plan works in countries that still have guns.
Of course it does. Why else have Americans put up with less than 1% on their savings for over a decade without firing a bullet?
So stealing what's left, then devalue, and start all over, that's the game plan?
Pretty much... concentrate wealth with the wealthy. Pump and dump paper money to reset the system and buy yet more real assets cheaply and acquire yet more political power and control. Then ride those asset prices all the way back up on the back of more hopeless government spending while you print print print and then dump again. Problem, Reaction, Solution and short attention spans. Basically John Doe's pension pays off government's debt for services never delivered and he get to be poorer and more dependent on the state while the banks and the high end public sector conspirators actually never lose.
The "Business Cycle" is nothing more than your routine raping and pillaging by the nobles.
"By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. By this method they not only confiscate, but they confiscate arbitrarily; and, while the process impoverishes many, it actually enriches some... There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose." John Maynard Keynes: The Economic Consequences of the Peace.
^^ HE USED A KEYNES QUOTE - TO THE SHOWERS! ZIEG (sieg) HEIL!
Fuck that grizzeled old bitch. She looks like a badly dressed transexual.
Was this translated? The syntax/grammar is so tortured that the sense of what is trying to be said is almost completely lost.
My thoughts as well. Who wrote this? I tried to read it several times and couldn't seem to understand it because the biggest points didn't seem to make sense. Hate to say it, but if you want to present us with much needed and insightful information....please...speekee....in....ENGRISH!
Use the link and down load the PDF.
Fuck the insight. Go to the source.
http://armstrongeconomics.com/wp-content/uploads/2014/06/IMF-Sovereign-D...
Don't ever lend money to someone who can unilaterally change the terms of the loan.
"I'm altering the deal. Pray I don't alter it any further."
Yeah, no kidding.
This is why things like HOA are so dangerous!
They're just like mini-governments. And just like governments, predators always find a way to take them over, and then change rules and fees in arbitrary ways to abuse and steal from everyone. Humans are too stupid to survive. Flush them down, close the lid, and forget about them. They're a lost cause.
It might soon become apparent the economic efficiency of credit is beginning to collapse and the additional money poured into the system coupled with lower rates can no longer drive the economy forward. When this happens we are at the end game.
At some point the return on loaning money is simply not worth the risk! Why do you want to loan money if most likely you will never be repaid or repaid with something that is totally worthless? When this happens the only safe place to store wealth will be in "tangible assets" and the only lenders will be those who print the money that nobody wants.
The collapse of credit can pose major problems such as what we saw when many sellers were forced to demand payment up front before shipping goods in 2008. More on this subject below.
http://brucewilds.blogspot.com/2014/06/the-economic-efficiency-of-credit...
What is needed is not expropriation.
What is needed is extermination.
-----
Of anyone who promotes expropriation.
The predators-that-be have wars on poverty, on terror, on drugs, and endless other wars (all of which are actually wars on us).
Sometimes I think we need a war on synonyms.
Seriously.
When someone means STEAL, why say expropriate? The answer is clear. Because somehow, someway... I'm not quite sure... weak minded fools accept tyranny and abuse when identified with one synonym, but not when identified by another.
How does that make sense?
EXPROPRIATE == STEAL == TAX.
Get real.
If EVER a woman to respect, you're #1 on my list honestann.
Kudos to your brilliant insight!
Always good to hear from the calm and collected honestann.
All is good
Modern Monetary Theory often referred to as MMT to its many believers removes much of the risk ahead and guarantees that we will always be able to muddle forward. MMT also known as neochartalism is a economic theory that details the procedures and consequences of using government-issued tokens and our current units of fiat money. Newly acquired tools like derivatives and currency swaps allow us to print and manipulate away problems.
While reading an article about the growth of debt in China's non-financial sector I was forced to reflect on how debt is effected by the interest rates. In Europe the ECB had to step in to halt the economic collapse of Spain, Italy and several other countries that were on the brink. What you pay in interest on debt does matter except in the manipulated land of MMT. Have we been lulled into complacency by the extraordinary actions taken by central banks and governments over the last six years? This is a key question we must face. More on this subject in the article below.
http://brucewilds.blogspot.com/2014/01/have-we-been-lulled-into-complace...
People do not get it,
First, the socialist elitist dirtbags steal money from workers. Then they first pay themselves. Next they pay their sycophants. Then they pay their armies and if there is anything left over they distribute it to the poor and needy.
However, it always starts with theft and THEY skim off the top of the theft first. You won't find Legarde or the sycophants around her cutting back on the champagne and caviar.
Centralization will get you every time. DE-Centralize baby! Scares the shit out of the banksters...
Hide, transfer, convert your phoney money for real assets.
if everybody will just give us 10% of your asseets we'll all be fine again. Just think of it as tithing to a new higher being. they seriously do not see a problem with this.
Hence, where his occupational pensions exist, you can suddenly wake up and find your future is now applied as a contribution to government – thank you for your patriotism.
My cousin has mild mental retardation (can't recite the ABC, works as a janitor, etc.). When asked what he thinks about supperannuation (pension funds) he make a fist with one hand and does some quick pumping motions through the other hand.
who wouldn't want to take that scarf around her neck and............ ?
Most dangerous woman in the world my ass, she does and says what she is told..............
Puppets, all the familiar faces are puppets dancing on the end of their strings.
It's called the lobby branch of the US government. Lemme guess? PR hired you dear Sock Puppet army shill for ad hominem purposes.
Me and My Bad Luck
http://www.youtube.com/watch?v=xK_HOiqT9R8
6 pack and a pizza .
It's almost Bastille Day!
...are to be performed more effectively in the future by defaulting on retirement accounts held in life insurance, mutual funds and other types of pension schemes, or arbitrarily extending debt perpetually so you cannot redeem......
Does this surprise anyone here? Surely we have all seen this coming for years...just the next logical step in systematized legalized theft of private assets. Desperate times will "justify" desperate measures.
I think that Armstrong must have been drinking when he wrote this article. Notional value of PRIVATE DEBT including derivatives is at least 100 times that of PUBLIC DEBT and is backed by NOTHING other than- 'sweat equity'--the value of future work or value of assets. And than there is the issue of TBTF debt, which is now backed by NATIONALIZED public finance.
The tax the top 1 % political line, is how the IRS got started.
http://www.gossipcop.com/joan-rivers-michelle-obama-tranny-president-gay/
Marilyn Manson - The Beautiful People
http://www.youtube.com/watch?v=Ypkv0HeUvTc (3:46)
Marilyn Manson- The Beautiful People
http://www.youtube.com/watch?v=onzH6fcp4sc (3:47)
Marilyn Manson The Beautiful People Version 2 HQ original (European Version)
http://www.youtube.com/watch?v=knScyqqM3wU (3:43)
~
Marilyn Manson - Tainted Love HD 720p (best quality)
http://www.youtube.com/watch?v=XkKulSH2nNc (3:39)
Marilyn Manson - The Dope Show
http://www.youtube.com/watch?v=5R682M3ZEyk (3:57)
"will be expropriated to pay for the national debts of the socialist governments. This far-reaching plan for the expropriation of savers, investors and retirees clearly shows the reality of socialism."
What total nonsense. Cui bono? Who actually gets the money?
The pension funds will be expropriated to pay off the ***banking mafia***.
This entire exercise has been a massive loan sharking operation. The banking mafia lowered the cost of borrowing inducing massive unpayable debts and is now looking to cut out their pound of flesh.
This is what the banking mafia have been doing in the 3rd world since WWII. Induce massive debts and then call in the IMF as the debt-collectors.
Exactly, what goes around, comes around.
Remarkable resemblence to Cruella DeVille.
Col. Andrea Stavros: There is of course a third choice. One bullet now. Better for him (her), better for us.
(Sorry, couldn't resist a line from the Guns of Navarone.)
The more six figure income bureaucrats they expect us to support, the closer I know we are to a complete meltdown in public finances that can only be responded to by way of a massive print orgy.
Keep yapping Lagarde et al, none of you fucks and cunts is worth their paycheques. If it wasn't for a printing press and a stupid population willing to accept the IOUs as payment, these guys would have nothing to use as leverage.
Keep stackin' folks and don't worry about confiscation. The rich guys never gave up their gold then and they won't give it up now. Only flag waving, USA USA USA chanting red or blue party pussies will surrender their gold and silver when their government asks for it.
Happy fucking 4th of July. What are y'all so proud of this holiday? I'm happy we survived another year of FED fisting and DC pounding. Hey, they probably read how we feel as we express our emoshions, but they still let us talk and write. Probably serves as their entertainment.
Have at it you stupid NSA fucks. If the brown shirts won't get ya, the SS skull & bones psychos surely will.
We ZH's readers should try to reach some consensus (based upon knowledge) on the definition and the meaning of terms. At least a bit of tiny cientific knowledge.
Otherwise we adscribe to (and cooperate with) The Misinformation Machine. And those guys (and Lagardes) up there keep laughing at us all, to say the least.
Common misconception of Socialism universally associates it with the idea of State ownership of the Economy therefore a strong State.
Another huge common misconception is that gvts run the Economy. There's little the US President or European Premiers can decide over the Economy. The FED and ECB Masters, they have inordinate sway over it.
Wrong premises, wrong conclusions, increasing difficulties to underestand reality, lesser chances to change it, transforming it.
Don't conflate socialism with Socialism.
Socialism does involve State ownership of the economy.
"Common misconception of Socialism universally associates it with the idea of State ownership of the Economy therefore a strong State."
You're really describing communism. Socialism - a milder form of communism used in democracies - generally limits itself to meddling, excessive regulation and general corruption of the economy due to voter resistance of excessive state involvement.
It is so easy to get tripped up in the nebulous definition of the overused "isms" floating around.
I prefer a more direct term for the world's current mess: we-are-so-fucked-ism.
the queen of bed, bath and you can
blow me has spoken, say goodnight
dick.
"SHYLOCK UNCHAINED!" Coming this summer to a loved one near you!
Snatch like a wizards sleep on that
Attention Martin Armstrong:
Cuckoo.... Cuckoo...
"I have been warning that there is an idea that has been running around behind the curtain that the national debt of the USA could be settled by usurping all pension funds in the country".
Not really. While you write this, there are 10,000 retirees turning in their shovels, green eye shades, arm bands, and rest room keys forever and going off on long awaited travel destinations, buying the new fly rods, scheduling man-boob lifts, tummy tucks, and face replacement surgery. All paid for with the cash that they are receiving each month from their pensions, 401Ks, SEPs and other retirement vehicles set up 40 years ago.
They are getting that cash thru the monthly redemption of the securities sold in those accounts. The 17,000 all time high is a pure reflection that those securities that are being sold are not falling in value which would be the normal result of massive selling of stocks.
And the reason they are not falling is because next month another round of selling must take place to finance the retirements of the first 10,000 and the new 10,000 that have also walked away from mundane careers, jobs, and indentures they spent their lives at.
Why?
Because the FED is underwriting those securities by printing new money to pay for them. That money has been given to the Wall Street Mafia. From it, they take big bonuses, billions for themselves and use many more billions to keep IBM at approximately $190. give or take. Ditto with AAPL, and the many thousands more companies whose shares cannot be permitted to fall.
So you can rest assured that not only will pension funds not be taken (they don't exist: the funds have been invested in a variety of securities and they will not be permitted to descend by much at all.
There is nothing to confiscate since IBM's Manager of Accounts Receivable, Martha, this morning reaching mandatory retirement age (she/he also got that long denied Transgender surgery, left his wife/husband to retire to Rome with his/her lover, too) will need to have cash next week, and that cash will have to come from some of his IBM stock being sold from, say, Bank of New York Mellon's Trust department.
They have been the financial institution responsible for managing the FRNs that were added each month to the IBM pension accounts from IBM's profits and employee contributions. Since there are no longer enough new employees contributing cash each month to IBM's pension accounts, selling shares is the only option to getting Martha her money.
Goldman sucks will use the cash that Ben printed last year, and gave to Lord Blankfein (Lord took his cut first) to buy those shares from BNY- Mellon at near 190 and Viola! it's done.
Wash, rinse, soak, repeat. Ad infinitum.
I see this again and again on Zerohedge: everything is either attributed ‘Keynes’, ‘Socialism’ or ‘Communism’ (I know the latter two corresponds to the bogeyman in most of USA). I see NOTHING socialist about the policies pursued by any government or other powerful agencies currently in charge. I agree: there will be confiscations, bail-ins and other form of direct theft perpetrated by the agencies of the banks (the owning class). But what’s socialist about that?
The most basic definition of socialism is: an economic system based on the social ownership of the means of production.
Today none of the old ideologies fits the bill – we’re living in a time where the state (and state sponsored entities like the IMF) is acting on behalf of the owning class. That is the basic of our system is still the private ownership of not just the means of production but about everything (think the development of intellectual property rights and the financialization of about everything).
I still think the best description of the current ideology is something like: global cleptocratic fascism (and the IMF plans fit in here as well).
global cleptocratic fascism: see IMF
Many view socialism as taking from the "haves" to give to the "have nots".
This is more like taking everything and giving it to the politically connected.
I am not familiar with the economic theory behind it.
Seems like a simple case of "Because we have the gun."
Several years ago Lagarde was on the Daily Show with Jon Stewart and conceded how bad thing were at the depth of the crisis and how they were forced to lie about it, this does wonders for my confidence in the system. Bottom line the IMF is behind the curve in a fast changing world and simply a tool for rich countries to promote their agenda, the IMF does not have all the answers.
Fact is the IMF is a tool of the Western developed countries that provide its funding. This means that when the IMF rubber stamps their policy it means very little and we should not be reassured. Many people do not understand who, and how they are funded. While the IMF exerts a fair amount of influence, it is political in nature and pushes the way the wind blows.
This bring up the issue and questions as to how muddled this system is. With a loud voice the IMF is overrated, it often uses only a small amount of money to make the very desperate march in line, at times this means not solving problems but helping to kick the can down the road. For more on the IMF see the article below.
http://brucewilds.blogspot.com/2013/04/imf-overrated-institution.html
It is all so interesting that the Central Banks have repressed the interest rates across the curve in all of the sovereign debt markets since the Euro crisis began. This appears by design, since many of the countries involved never could have borrowed at such low rates. Now if maturities are extended people are locked in at such ludicrious rates that risk will never be compensated for. Interest rates are supposed to represent the risk absurd by the creditor from the borrower. It seems the Central Banks now have turned the table and rates as well as maturities will be dictated by the borrower!
It is all so interesting that the Central Banks have repressed the interest rates across the curve in all of the sovereign debt markets since the Euro crisis began. This appears by design, since many of the countries involved never could have borrowed at such low rates. Now if maturities are extended people are locked in at such ludicrious rates that risk will never be compensated for. Interest rates are supposed to represent the risk absurd by the creditor from the borrower. It seems the Central Banks now have turned the table and rates as well as maturities will be dictated by the borrower!
Hey, that's innovative and new. I like it.
So the NGO's now think that because Party A bought debt from Party B, that Party B now gets go cram down all their expenses onto Party A.
Gov Bonds are a pass through liability to the welfare state.
Nifty.
This will end well...
If you bought 100,000 in bonds, the Gov will force you to pay for food stamps and welfare payments.
Remember when 0bamao floated the "Myra" idea?
I dunno about the most dangerous, but the most ugly, absolutely. Even my neighbors dogs but is better looking. She must be one of those Lizard Hybrids that went wrong.
So that cunt, a minion of the International Bank of Settlement, is going to order the FRBNY to default on Treasury debt?
her advice is only meant for eurozone governments. because they can't devalue, while the US Treasury and the FED can
btw she and the IMF she heads (not the BIS) can't order anybody around. hers is only advice
The B of IS controls the IMF, no?
I always thought she looked kinda manly......
Is she a tranny like Mooch?
Ask Joan Rivers, haha!
Still ugly big bird, all the printing presses on earth and the moon can't fix that face. Europe wants her to off herself, forget conventional weapons and just put her in a town of mirrors.
http://www.youtube.com/watch?v=wXMTCJ7RUFk&sns=em
Amazing the extent these criminal people can go to! Everyone should understand that their Pension funds no Longer Exist and so they should take their money Out of them and trade on Gold/Silver and Bitcoins ONLY.
Get out of the DEfault while you can shold be everyone's most important Priority right now !
I cannot share this article with anyone.
Not because it is incorrect or irrelevent. It is because the of the foul language and ignorant filth in the comments. ZH commentators - be wary of undermining the value of information by attaching to it comments that do not behoove such journalistm, and open the door to obvous ad hominem attacks.
Stop shitting in the nest.
I'm genuinely surprised that violent gangsters, who are literally paid money to extort money from other people, aren't holding up their end of the bargain.
ohcanada: I cannot share this article with anyone.
Not because it is incorrect or irrelevent. It is because the of the foul language and ignorant filth in the comments. ZH commentators - be wary of undermining the value of information by attaching to it comments that do not behoove such journalistm, and open the door to obvous ad hominem attacks.
Stop shitting in the nest.
Or maybe you should lean how to use a mouse that's attached to your PC clown.
Go to the original source of the article.
One
Click
Away
http://armstrongeconomics.com/2014/06/28/christine-lagarde-the-most-dang...
ZH, you are unhealthily obsessed with the 'eeeeeevils' of 'socialism'.
1. What does this clusterfuck of a proposal have to do with European socialism?
2. Name a non-socialist nation which is doing any better.
And in the end, what would you prefer - a safety net for the worst off in society, or Randian fuck-you-got-mine-ism?
///
TaxEating Tick
No, she's just a cog in the machine. A big cog maybe, but a cog nonetheless. We are out of scale and context as a fundamentally hunting-and-gathering species.
"You vill show me your papers now."
Glass-Steagal prevented the Bail-Ins from Individual Accounts
But now we have no barrier from commercial or Investment losses
And I guess they do want to take our Money. Let 'em Eat Cake. Hey We NEED TERM LIMITS for these people. Used to be that some offices in Europe were Hereditary. What is the DIFFERENCE FROM WHAT WE GOT NOW.
https://www.youtube.com/watch?v=nTWfa-iO9Nc Elizabeth Warren on Glass-Steagal. Oh Bill Clinton of the HEREDITARY CLINTON DYNASTY signed the bill.