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Jim Grant Sums It All Up In 2 Stunning Paragraphs
What will futurity make of the [so-called] Ph.D. standard [that runs our world]?
Likely it will be even more baffled than we are. Imagine trying to explain the present-day arrangements to your 20-something grandchild a couple of decades hence - after the crash of, say, 2016, that wiped out the youngster's inheritance and provoked a cenral bank response so heavy-handed as to shatter the confidence even of Wall Street in the Federal reserve's methods...
I expect you'll wind up saying something like this:
"My generation gave former tenured economics professors discretionary authority to fabricate money and to fix interest rates.
We put the cart of asset prices before the horse of enterprise.
We entertained the fantasy that high asset prices made for prosperity, rather than the other way around.
We actually worked to foster inflation, which we called 'price stability' (this was on the eve of the hyperinflation of 2017).
We seem to have miscalculated."
* * *
Source: Jim Grant's November 2014 speech at the Cato Institute
Full keynote address below: (Grant begins at 10:00)
h/t @Not_Jim_Cramer
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Don't need white race suicides when blacks are doing a fine job murdering people.
I hope the ZeroHedge folks are taking a weekend out every once in a while to train with your local militia. The training can be invaluable to prepare for whatever is coming.
In Ohio, per Article 9 of the Ohio Constitution, EVERY citizen between the ages of 17 and 67 IS A MEMBER of the Ohio militia. It is every citizens responsibility to be prepared should the governor call or should the particular situation demand. At least some of us take that responsibility seriously. I hope those on ZeroHedge who, when the time comes, understand that their computers will be useless in the struggle. Only a preparedness to work together will provide an advantage to survive.
getting ready.
taking the son this weekend : http://www.orvis.com/sandanona
pass on the militia.
EMFH
When I was a youth, I had two good friends who were fresh from Upstate New York (a younger brother who was my age, and his older brother).
At the same time, I had a close friend (newly relocated) from the Upper Peninsula of Michigan.
They used to try to brag up each other about duck-hunting and snowfall amounts. I sat and listened to them, wondering what it was all about (Dad's Colt .45 ACP WWII USMC Issue, and the B.A.R. Korean War Issue, were sitting in the closet at home, and I had a hard time understanding about the 'choke' things on a gun [that shoots pellets]).
NOW, of course, I understand.
The place looks a little 'yuppie' though. Comfortable, but 'compliant'.
First time I went out hunting with a shotgun, it was in a County (two north form my location), on private land.
First strike, I hit three Quails at once (after hiking for about 40 minutes over a snow-packed pasture with fog and sleet gently falling). A flock lit, and I drew and fired as I targeted them. 20-guage Remington single barrel pump-action, with the choke set to a minimum spread. I suppose I could have hit 5 or 6, if I had understood the way to choke the rifle correctly for distance...
Teach the boy that the girl-scout camp you're taking him to isn't what it's like in the REAL WORLD. REAL men don't have fat bellies hanging over their belt-lines.
Godspeed!
The place looks a little 'yuppie' though. Comfortable, but 'compliant'.
Yuppies?
Where?
Does Max know about this?
Oh dear. Looks like 1%'ers with Benelli shotguns at Orvis who look down upon other gun owners. Hacking around in their tweed jackets at the Orvis event with the Range Rover and their wellington boots.
The clay shooters who hate AR15 owners.
https://www.youtube.com/watch?v=jafkVM-jnbE
https://www.youtube.com/watch?v=cIdKIM2btoA
Any JP Morgan or Goldman Sachs guys there? Maybe Orvis should teach them nail gun safety.
Itralians and Limeys, with boots that Wellington should have given away for free (to the conscriptions from the colonies that the sun never sets on), should NOT be made to ride in the vehicles whose electrical systems (Lucas) have been called 'the price of darkness'.
Shooting 'clay pigeons' from a comfortable pose some 20 meters travelling 15 KPH across your field of vision is easy when using a shotgun. Try shooting a 'clay pigeon' at 300 yards range, travelling at 3 or 4 hundred MPH, with a single projectile while mired in mud and snow; and a burning hunger in your belly.
"Any JP Morgan or Goldman Sachs guys there? Maybe Orvis should teach them nail gun safety."
Teach us, oh WISE ONE.
I used to shoot clay birds before dove season just to get better practiced, then I'd go out and suck. This year, I didn't pull out the thrower and I killed way more birds with less ammo burned up. I limited out 3 nights in a row. But I pretty much only shoot my shotgun during bird season, and at the odd times when I get a phone call at 10:30pm from my neighbor who has a coyote on her porch digging through her potted sweet potatoes. That one was funny though. It ran to right underneath her bedroom window when it saw me coming, and her husband was sound asleep. *BLAM!* "WHAT THE HELL WAS THAT?" Good times.
Your conclusion about Jim Grant's talk: "Doom gloom. Boom"
My opinion of your mental state:
"What you don't know or understand won't hurt you"
"Ignorance is bliss"
"Doom gloom. Boom"
"This ship CANNOT SINK!"
"I'm from the government, and I'm here to help."
"Real estate prices never go down."
"The check's in the mail."
"The Third Reich is destined to last for a thousand years."
"Everything is awesome (when you're a part of THE TEAM)."
"I, did NOT, have SEX; with that woman: MS. Lewinsky!"
'The sub-prime losses WILL NOT bleed over into the larger markets.'
Because 'IGNORANCE', is STRENGTH!
Everything you needed to know about 9/11, in under 5 minutes:
https://www.youtube.com/watch?v=yuC_4mGTs98&feature=player_embedded
'orez': You're on her (your honor).
Things are different this time
If you listen to Bill Clinton closely, he actually says: "I did not have sessual relations with that woman, Ms. Lewinsky." I am not sure what "sessual" means. But I figured Bill said it that way in case he was charged with a crime. He could do his "That depends on what the meaning of "is" is" thing.
He could reasonably contend that he meant that he did not have relations with Ms. Lewinsky while Congress was in session.
Bro, he said "sensual" relations. His hummer from Levinsky was nothing but a routine mechanical matter.
yeh right, that's the status quo on here right? I mean really, all that human history just so dumb people could be out in the fields 'for the sake of humanity' again? Orwell would be proud.
too bad a blue comments section cuts off half of the video. couldn't see him at all or even view the video elsewhere.
Jim Grant is never wrong
Belgium repatriating GOLD?
https://www.bullionstar.com/blog/koos-jansen/belgium-investigating-to-re...
I know what you mean, Mr. Grant.
https://www.youtube.com/watch?v=fymw5ie9Zd4
Miscalculated my ass, they knew exactly what they were doing, wealth transfer with a keystroke, bitchez.
https://www.youtube.com/watch?v=RCtzQRkrj0U
Jim Grant is generously polite.
Yep.
Two words: "Full Bulltard."
That was not meant as a reference to Jim Grant but the fact that the market has soared based on the last hard money clown by buckling really does sum up this entire "recovery." No one is voting, people are rioting, cops are shooting...AND WE'RE RICH!
I think to declaim no policy errors here is truly rich indeed. Crimes are indeed being comitted on humanity in the name of "9/11" (how ironic) and yet somehow we are all suppose to believe that what we see through the intermediary is what is.
I still believe film is a proper form of intermediary...more than art really but truth.
Burt that is about all right now.
... and the banksters were... duly unimpressed.
I can say it shorter - " We don't care about government and care more about pop stars and our government fuck us up everywhere where they can do it"
What can we do when the media airwaves are flooded with the Kartrashians, Miley Circus, and other assorted trash? How many people care about the economy other than if they can afford the next iphone or shit gadget made in China?
"Gird your loins."
"Man up."
Miley Cyrus and Kim Kardashian aren't actually sexy (actually, they are owned whores with dirty and loose cunts).
You can sell your soul for a night in Vegas, and end up with a limp dick (if that's what you REALLY want to do).
Just because the Idiot Media literally floods the airwaves with their disgusting detritus, doesn't mean that most Americans give a shit about it.
Does your comment mean that I really am not OBLIGATED to watch Snoopy and Linus debate Charlie Brown about the meaning of a Christmas Tree (and the Superbowl) on the broadcasted television on 25 December? The NFL kickoff on the MSM is much less interesting than the Hannity coverage of Festivus in Fergeson, MO (population +/- 5,000).
THE ONE promised me a fucking PHONE. And FREE HEALTH CARE. And a new car.
AND 'porn' any time, 24/7.
MOST 'americans' (whatever THAT means) aren't paying attention. 'MERIKA (FUCK YEAH!):
Liam Baker keeps mirroring the meaning.
https://www.youtube.com/watch?v=tX5ZRE26YWM
DAMN! It really pisses GookleTube off, in SPADES!
"My generation gave former tenured economics professors discretionary authority to fabricate money and to fix interest rates."
Not true.
The DC US was sold to the banksters in 1913--"lock, stock and barrel."
The pols and crats since have just done the bidding of the banksters.
Fraudulent-reserve banking is fraud--theft. The action of their violence-puppets, government, is treason.
An American, not US subject.
Damn good thing that there is no evidence of disproportionate representation of joo bankers Or, that they are, & have been, intently involved (in any way) in MSM, political activism, or jurisprudence (which are pillars that serve to perpetuate the ruse.
Otherwise people might start to wonder about such things.
I don't know about anyone else, but I wouldn't want to be in the crosshairs of 98% of the human population who wake up one day and realize they've been screwed (even if happens to to be a fact that they ALLOWED themselves to be screwed).
The Jews have been targeted and tossed from every nation they have come to reside in. Why?
Because they hide behind the scenes pulling the strings and stealing the wealth.
Over time, tension and resentment builds within the underlying citizenry.
Eventually the Jews' pol and crat puppets realize that there is more to gain power wise with the citizenry, and from stealing the Jews' wealth, than there is serving them. Game over.
Of course, the answer is ending fraudulent-reserve banking and criminal governmnet, not cattle cars full of people. Unfortunately, many don't feel that way.
An American, not US subject.
The Jews that ended up in the cattle cars were not the ones "behind the scenes pulling the strings and stealing the wealth". They paid the ultimate price for the crimes of the Zionist oligarchy that got away with the loot. The Zionist oligarchy have little more real loyalty to the average Jew than they have to the Goyim.
'Chaim Weizman, the first "Jewish statesman" stated: "The most valuable part of the Jewish nation is already in Palestine, and those Jews living outside Palestine are not too important". Weizman's cohort, Greenbaum, amplified this statement with the observation "One cow in Palestine is worth more than all the Jews in Europe".'
http://www.truetorahjews.org/lieberman
George Soros sold Jews out to the Nazis so he could collect their jewelry and other belongings. It's as if being demented is a requirement to becoming rich and powerful.
George Soros was born in 1930. He was 10 at the beginning of WW2.
I don't care for his politics but to make the claim you are making is crazy. Was he full blown evil by age 15?
With respect, but:
While he was living with Baumbach as Sandor Kiss, an event occurred that more than half a century later would become the basis of charges that George Soros, the international financier and billionaire, had somehow collaborated with Nazi occupiers of his homeland and had exploited his fellow Jews. The issue was raised in a bizarre television profile and interview of Soros aired on the CBS television program 60 Minutes in December of 1998. In the segment, Steve Kroft, the interviewed, noted with prosecutorial gusto that George’s father had “bribed a government official to swear that you were his godson,” and added that this survival strategy “carried a heavy price tag.” For, he continued, “as hundreds of thousands of Jews were being shipped off to the Nazi death camps, a thirteen-year-old George Soros accompanied his phony godfather on his rounds, confiscating property from the Jews.” Visibly dumbfounded by the line of questioning, Soros could only manage to say that he had no role in the seizure of property and was merely a spectator. To underscore Kroft’s point, film footage showed masses of Hungarian Jews being led away at gunpoint.
This is what actually happened. Shortly after George went to live with Baumbach, the man was assigned to take inventory on the vast estate of Mor Kornfeld, an extremely wealthy aristocrat of Jewish origin. The Kornfeld family had the wealth, wisdom and connections to be able to leave some of its belongings behind in exchange for permission to make their way to Lisbon. Baumbach was ordered to go to the Kornfeld estate and inventory the artworks, furnishings, and other property. Rather than leave his “godson” behind in Budapest for three days, he took the boy with him. As Baumbach itemized the material, George walked around the grounds and spent time with Kornfeld’s staff. It was his first visit to such a mansion, and the first time he rode a horse. He collaborated with no one and he paid attention to what he understood to be his primary responsibility: making sure that no one doubted that he was Sandor Kiss. Among his practical concerns was to make sure that no one saw him pee.”
(Michael T. Kaufman, Soros: The Life and Times of a Messianic Billionaire (Alfred A. Knopf: New York 2002) 36-38.)
http://www.georgesoros.com/faqs/entry/howgeorgesorossurvivednazis/
Wikipedia has the sanitized version.
An American, not US subject.
Of course.
You would have jumped on the train instead.
"Room for one more?"
A Jew, not a Hungarian Christian...lol
George Soros sold Jews out to the Nazis so he could collect their jewelry and other belongings.
Can Media Matters be charged for that?
I'm just going to point out for you that by aiming at jews, you miss the real target, of bankers and there by allow the entire profession... the entire fractional reserve system... to escape and continue in the future. You also marginalise the message and are branded as a biggot, anti-semite etc.
Or put another way. By targetting jews you are sabotaging the message that money and banking itself needs to be reformed.
Now, I'm not a follower of Hanlons razor. I don't believe that this should be ascribed simply to stupidity or ignorance. I fully believe it can be ascribed to malice. Sociopaths make up too large a percentage of the population to believe otherwise. I'm convinced therefore that those who are targetting jews are working for the banking lobby, attempting to associate their message with and discredit anyone who is working towards monetary reform.
I'm pretty sure you anti-semitic guys are agent provocateur plants.
The Jews that are bankers are NOT Semites. Therefor it is absurd to suggest that those that target Jews in the finance industry that are stealing from the rest of us are anti-Semites.
"I'm just going to point out for you that by aiming at jews, you miss the real target, of bankers and there by allow the entire profession... the entire fractional reserve system... to escape and continue in the future. You also marginalise the message and are branded as a biggot, anti-semite etc."
With respect, and thanks for the thoughtful reply, but if you root out some of my other posts, you will find that that is exactly one of my main messages--"Keep your eye on the real enemy."
However, I think the fact of so many Jews are in positions of control, power, and finance, much more than their percentage in the population, highlights the malaise affecting the country--"There is an agenda, and you aren't part of the group that benefits."
But it runs deeper than just the Jews, but Zionism. One must understand that the Zionists, Jew and non-Jew, run the country for the benefit of the monied elites at the very top of the pyramid, and for the benefit of Greater Israel.--"There is an agenda, and you pay for it."
I'm comfortable being labeled a bigot, etc. I don't advocate racial superiority or inferiority, and don't think that violently targeting ethnic groups is the answer, so whatever. I do believe that removing the criminals' instruments of theft and oppression, fraudulent-reserve banking and criminal government, is the answer, not cattle cars full of people.
I always wonder what I might be called if I were pointing out that, say Polish folks, were in all of those same positions of control, power and finance, much more than their percentage in the population. A bigoted "antislavic?"
An American, not US subject.
The rate of psychopathy in the general public is approximately 1%
About 1% of the population controls most of the world's wealth.
Coincidence?
AHEM:
'ZIONIST ATHIEST KHAZARS AND ASHKENIZIS'.
You know... the people of the 'lost tribes'.
How have you classified Bob Dylan?
GOOD QUESTION.
MKULTRA 'stoner with a boner', perhaps?
How does it feel...
miscalculated my ass
The politicians and banksters thought........."fuck it, we'll be okay and so will OUR kids"
We miscalcualted some folks.
NO!
These guys may not know exactly what to do but do you really think they don't know the history of fiat currency at least as good as we do? Really?
I believe they do.
I believe they know what is coming.
I believe their job is to continue the system as long as they can.
Our job is to understand where we are going.
Quit worrying about central bankers.
Do what you know you should do. The end is (probably) near (ing).
Buy real things, gold is best, prepare for a 'rough patch' when the present system fails.
I have read: Grant, Sprott, Faber, Willie, Schiff, Casey, Hussman, Rosie, Hulbert, Stockman, Bass, John Williams , Bill and Will Bonner, Mauldin, Dent, Ron Paul, Celente, Rickards, Forbes, PC Roberts, Macleod, David Walker, Janszen, The W bros, Grant Williams, Chris Martenson, Stansberry, Greenspan, Rubino, Buffet, Graham Summers, Larry Summers, The Wiedemers, Sinclair, Polny, Armstrong, Embry, Kirby, turd and others...
not one of these guys sees it better than fofoa.
Ron Paul in particular had it explained to him in 1983 by Charles Partee but Ron missed the message that central bankers understood even then. . https://www.youtube.com/watch?v=kcm8VvBcUdE
GOOD LUCK
believe what you want but makes sure it makes sense.
I dont agree with fofoa's take on silver.......
http://www.zerohedge.com/article/fofoa-golds-focal-point-or-silver-money...
That silver thing and his 'take' on miners are the reasons fofoa is not 'commercially viable'. If you want to do the doomer circuit you have to pump 'gold and silver'. Listen to Maloney..he gives a great talk...gold, gold, gold..at the end ..'so buy gold and silver'.
Do what you want. Most of us at fofoa had silver at the beginning. Most of us are mostly in gold now.
The central point for us is that gold will be the future central bank reserve. Gold must be repriced higher to function in this role. It'll be a one time reset. Silver is not a CB reserve.
Silver may do very well but only gold needs to be reset higher.
Do what you want, just think it ALL the way through.
not sure I see much of a future for central banking......
just sayin...
Sure you don't. And neither do I. Yet it will happen as incredulous as that sounds. Why you ask? For the same reason all other ills of man repeat, we fail to learn history's lessons. Many future generations will suffer under a central bank of some kind.
I do not foresee a future for Central Banking as well.
I believe that Central Banking will undergo a balkanization just like the United States.
But Gold is the medium that these new balkanized decentralized banks will use to settle accounts. It will maintain value, which means UTILITY.
While Silver will play a role for currency for small purchases it will be Gold which is the last man standing.
This is in lieu of a Central Bank or balkanized private banks. I just does not matter as the existence of a Central Bank, or the lack thereof, is really a moot issue, a distraction, a Red Herring.
"not one of these guys sees it better than fofoa."
Think about it. If FOFOA was that smart he would no way bash silver. He might ignore it but not bash it. That leaves only one reason he would be negative on silver. (Not because he's stupid). It's because silver will not only ride up with gold but will also corect to historic 15:1 ratio.
The elites can't purchase enough silver to ride it up. (There is none to buy as it's used up every month in industry). The only people that can make a killing on silver is the little guy.
This means that FOFOA is writing for the elite because who owns most the gold? Who has been raiding the central banks? The bankers are collapsing the dollar on purpose and are fully hedged in gold waiting for the new gold backed reserve currency. Yes, they would like it if it was their version of some fractionally backed SDR but if some gold backed BRICS currency rose to the top, their gold holdings will pay dividends.
Silver is too small for them to hedge with. FOFOA works for the elite. FOA or Another may have been good guys but not FOFOA. Not saying he's not accurate about gold. Just deviously wrong about silver.
What would A do?
Unlike most.....I can actually go ask.....well his kids anyway. He kept meticulous notes.
Before I go....do have any questions?
yes...
Silver is not suitable as a reserve because of it's stock to flow ratio. But, when reality sets in, silver will go much higher, in percentage, than gold. Not for cb reserves reasons, but because gold will be out of reach.
"Wall Street got drunk, Washington let them drive, we were in the back seat screwing, the car wrecked, and you get to clean up the mess."
Just like my high school days...
You weren't peeking were you?
We've given a dance and now it's time to pay the band.
Greenspam has been giving hints of the coming collapse, is he having pangs of guilt and trying to cleanse his conscience?
DaddyO
Great analogy, although I feel more like the guy on the sidewalk who became "collateral damage".
Actually collateral damage may not be accurate.
People on the street that were hit are like the guys who saw the driver training guys for the local high school was drinking and driving to/in/after his classes and did nothing about it. Or more accurately complained about the costs of a driver training coursework.
There are not collateral damage. There are no innocent bystanders. There will be many that are hit upside the head and many that will profit more from graft than others, but this has been going on for far too long to have any innocents around. We have not killed the guilty causes, so we are now aligned with the guilty.
OOOPS............That's gonna hurt.
Expanding the garden...teaching the wife how to shoot for small game.
Banksters are more powerful then ever and will continue their march to more power. Unless... a huge CME hits!
At this point, I actually think it would be the best thing for the human species.
Wish people would wake up.
The current system is in place because it best secures a future for those at the top and all us plebs are financially expendable.
From that position there is no miscalculation, the calculations were for another outcome ... and you ain't it!
Rules ...
1.) The wealthiest can only gather more value and it can never be less.
2.) The only sure future for any are those born into this club.
3.) Being better in any respect means nothing if you do not have the worth.
That is all you need to know.
backing the dollar through use of force = slavery. Its not very effective
We used to be able to smile and humor those ivory tower guys because they were irrelevant anyway. What has happened makes very clear the meaning of "Blessed are the meek, for they shall inherit the earth". It looks like a fact that the meek shall inherit the earth, but it's probably not really a good idea because the meek don't make good managers.
Just look at the expression on Dorn's face sitting next to him!
"The question Americans should be asking is why the Federal Government, which is authorized by the Constitution to create and issue interest-free money, instead borrows that money at interest from a privately owned central bank, thereby plunging future generations into debt slavery to that bank? THAT is the real question Americans should be asking!"
and that is why they dont teach these things anymore.
Total. Control.
“Give me control of a nation’s currency, and I care not who makes its laws”. Mayer Rothschild
"If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered." Thomas Jefferson.
That is the right question, Romanov!
However, the correct answer is that human realities are always necessarily organized lies operating robberies. Therefore, governments developed through the history of warfare to become the biggest form of organized crime, while then the international bankers became the best organized gang of criminals, which captured control over the powers of governments, in order to create the MAD Money As Debt system.
The Cato Institute, and all other similarly silly believers in idealized "free markets," tend to deliberately ignore the ways that there HAVE BEEN HISTORICAL FREE MARKETS IN MURDER IN THE FORM OF WARFARE. Money is measurement backed by murder. Money exists because measurement and murder exist. It is NOT possible to have a money system without a murder system to back that up.
Idealized "free market" proponents tend to deliberately ignore that militarism is the ideology of the murder system, and therefore, the self-actualizing supreme ideology. Most "free market" proponents tend to put forward an idealized version of the "rule of law" to back up their "free market." However, there are profound paradoxes inherent in the enforcement of any "rule of law."
Nobody guards the guardians, (except perhaps the longer term actions of natural selection pressures beyond human control.) WITHIN human societies, the people who are the best at being dishonest and backing that up with violence made states and controlled them, which is why we have the established systems which exist now, where the death controls are done through the maximum possible deceits, and the debt controls are done through the maximum possible frauds.
How to operate a murder system AFTER the development of weapons of mass destruction is a question which has not yet been answered, other than through the MAD Mutual Assured Destruction systems. Political economy is inside human ecology. The debt controls are inside the death controls. There are combined money/murder systems, which are based on ENFORCED FRAUDS, which have become criminally insane.
In that context, the Cato Institute, et alia, are atavistic throwbacks. They may well understand what the problems are, but their bogus "solutions" are ridiculous, because they do NOT deal directly with the issues about the death controls, operated through murder systems. Instead, they have magic words, that their audience approves of enough ... while they actually live inside systems of organized lies operating robberies.
Advances in science and technology have made human problems become trillions of times worse now than they ever were before in known human history, and those are headed towards quadrillions of times, IF technological civilization survives long enough for that to happen.
FOR SURE, THE CREATION OF THE PUBLIC "MONEY" SUPPLY OUT OF NOTHING AS DEBTS BY PRIVATE BANKS IS EXTREMELY PROBLEMATIC, AND SHOULD BE QUESTIONED! However, the answers to those questions are what I outlined above, that human civilizations operate as general energy systems, which are deliberately misunderstood by most human beings as much as possible, due to the ways that the biggest bullies' bullshit social stories dominated those civilizations.
We are stuck with the perpetual chronic political problems inherent in human life for as long as human beings continue ... Therefore, the death controls are the central issues. The real history of successful warfare based on deceits enabled successful finance to be based on frauds. Any idealized solutions that avoid that central issue are merely more bogus bullshit, that are spouted by controlled opposition groups, that continue to operate inside of the biggest bullies' world view.
Human beings actually operate through fractal patterns of the principles and methods of organized crime. There is NO way that any "free market" can stop that from being the case. The only things that actually exist are the dynamic equilibria between different systems of organized lies operating robberies. There is no way to have intellectual integrity that promotes "free markets" which does not include the real history of the "free market" in murders, which then upheld the "free market" in frauds, which are the current monetary and banking systems. The People gave away their power to control the public "money" supply to privately controlled banks, which thereby totally inverted and perverted the meaning of the word "money." Therefore, we ended up with debt controls that were almost totally privatized, and even worse, we are rapidly headed towards increasing effective privatization of the public murder systems.
The People should control the public money supply. However, that would not be possible unless the People controlled the public murder system. That is extremely problematic, due to the ways that the best murder systems were operated through the maximum possible deceits, which then enabled the actual monetary systems to operate on the basis of the maximum possible frauds. Historically, the most effective organized death controls were NOT democratized death controls.
It is theoretically possible that the People MIGHT be able to develop better dynamic equilibria between the different systems of organized lies and robberies. However, at present, too many of the People are too brainwashed to believe in the biggest bullies' bullshit world view to make that practically possible. In that context, those who promote idealized notions of "free markets" are actually misleading people, by misrepresenting idealized "solutions" that will continue to actually backfire badly, and cause the opposite to happen in the real world. Metaphorically speaking, the controlled opposition tends to be Black Sheeple, attempting to lead the masses of Zombie Sheeple by exhorting that the "solutions" are for everyone to become better Sheeple.
After life exists, then there are chronic problems inherent in the nature of that life, which drives the development of evolutionary ecologies, wherein the death controls are the central features. Human beings internalized natural selection as forms of artificial selection, driving the evolution of human intelligence. However, the imperatives of warfare selected for artificial selection systems to end up becoming based on the maximum possible deceits, which then enabled economics, as a subset of militarism, to become based on the maximum possible frauds.
Human intelligence ended up being primarily applied to become better at being dishonest, and backing that up with violence. For instance, the vast majority of psychology was actually applied to make most people become more insane, rather than saner, because that science was primarily applied to take advantage of people's weaknesses, rather than enable them to better overcome those weaknesses. The ruling classes waged a war against the consciousness of those they ruled over, so much, for so long, that the resulting situation is a society that seems terminally sick and insane.
The only genuinely better resolutions to the chronic political problems inherent to the nature of human life require better death controls. However, obviously, that problem has become trillions of times worse after the development of weapons of mass destruction. Theoretically, we should change our political science, in order to make it become more consistent with the physical sciences that made it possible to create the globalized electronic frauds, backed by the threat of the force of atomic bombs.
That IS theoretically possible, although it would take a prodigious series of paradigm shifts in the philosophy of science, in order that those could then be applied to political science, and so to the combined money/murder systems. However, at the present time, the same old tango dance between the established systems and their controlled opposition groups continues, as the music plays on ... Mainstream economists were mercenary intellectuals, proportionately paid to the degree that they promoted the kinds of bullshit which the banksters approved of. Mainstream theories of economics, including all of the publicly significant opposition to those, continue to operate WITHIN the frame of reference based on evil deliberate ignorance and lying by omission, by not talking about the SOURCE of the public "money" supply being controlled by private banks. INDEED, WE SHOULD ASK ABOUT THE MANIFEST SOCIAL INSANITIES THAT FLOW FROM THAT SORT OF SOURCE OF "MONEY."
As many others who have already commented above, it is a mistaken application of Hanlon's Razor to presume there was merely "miscalculation," rather than due to covertly orchestrated malice. So-called "faith-based money" is actually based on ENFORCING FRAUDS. The banksters applied the methods of organized crime through the political processes, in order to capture control over the powers of governments, so that governments ENFORCE THE FRAUDS of private banks making the public "money" supply out of nothing as debts, by DEMANDING payment of taxes be made with that fiat money, along with other related legal tender laws, which the government enforces.
GOVERNMENTS FORCE THEMSELVES TO OPERATE INSIDE OF THE SYSTEM WHEREBY PRIVATE BANKS MAKE THE PUBLIC "MONEY" SUPPLY OUT OF NOTHING, WHEN GOVERNMENTS ACTUALLY HAD THE RIGHT TO MAKE THAT PUBLIC MONEY SUPPLY THEMSELVES, FOR THEIR PEOPLE.
GOVERNMENTS DO THAT BECAUSE OF THE WAYS THAT THE METHODS OF ORGANIZED CRIME WERE ABLE TO DOMINATE THE POLITICAL PROCESSES.
However, anyone who proposes "solutions" based on there not being any organized crime controlling government is deliberately ignoring the ways that government itself was organized crime on a larger scale, because the warfare that made states was organized crime on a larger scale. The ways that the international bankers were able to capture control over governments, in order to create an integrated, globalized system, where due to the same methods of organized crime that originally made and maintained the powers of sovereign states themselves.
We live in a Bizarro Mirror World due to the degree to which false fundamental dichotomies, and their related impossible ideals, dominate the ways that people think, with a practically innate bias towards dualism, common throughout natural languages and cultural conventions. However, the history of the progress in science has mostly been based on developing UNITARY MECHANISMS which surpassed the previous false fundamental dichotomies.
Human civilizations operate as general energy systems, which are deliberately misunderstood in ways which are as backwards as possible. Governments necessarily are the biggest form of organized crime, controlled by the best organized gangs of criminals. That can not be changed, because human beings must necessarily operate as entropy pumps of energy. However, the established systems, and their controlled opposition, explain and defend everything through false fundamental dichotomies, and related impossible ideals based upon those dualisms.
Citizens are actually members of an organized crime gang, which is called their country. Governments are basically military organizations. However, the history of the military was success based on deceits and treacheries, as crucial to the social success of applying the methods of organized crime. Therefore, although everyone has some power to rob, and power to kill to back that up, governments assembled and channeled those powers, which powers were then effectively captured and privatized by the best organized gangsters, the banksters.
The genuine source of the power of We the People is that everyone has power to rob, with the power to kill being the most extreme form of that power to rob. Upon that basis was built the current monetary system, with its institutionalized ways of symbolic robberies, in the form of ENFORCED FRAUDS. However, the related political problems are that most of the controlled opposition groups promote bogus "solutions" to that situation which stay within the same frame of reference of dualistic notions surrounding impossible ideals that actually make the opposite happen in the real world.
At about the 31 minute mark in that video, Jim Grant reverts back to the notions that money backed by the "weights and measures," or by the principle of the conservation of matter, would enable a more honest and sound money system. In that respect, I would repeat what I already stated yesterday about this article (as well as many other similar articles republished on Zero Hedge for the last couple of years): Voices Grow Louder To End The US Dollar's Reserve Status
The principle of the conservation of matter, exemplified in precious metals, has been proven to be integrated into the greater principle of the conservation of energy (as demonstrated by the fact that atomic bombs go boom!)
Money based on energy is better than money backed by material. However, such a monetary system should be more thoroughly based on better understanding regarding how human beings and human civilizations operate as general energy systems. Doing that enables us to better understand how and why human systems act as entropic pumps of energy, which follow the fractal patterns of the methods of organized crime.
Indeed, it is an EXTREMELY IMPORTANT QUESTION to ask "why the Federal Government, which is authorized by the Constitution to create and issue interest-free money, instead borrows that money at interest from a privately owned central bank ..."
However, a genuinely better ANSWER to that question can not be provided within the frame of reference of the established systems, nor within the frame of reference of the controlled opposition groups to those established systems. Rather, I have outlined above what a genuinely better ANSWER to that kind of question may be, which requires intellectual scientific revolutions in the philosophy of science, which then apply to political science, because the actual social engineering that has been already done has resulted in governments becoming the biggest form of organized crime, controlled by the best organized gangs of criminals, while the vast majority of the People were brainwashed to believe in bullshit, and conditioned to not want to know more of the radical truth about that, which necessarily included more of the radical truths about themselves!
A Second American Revolution should be based upon such an intellectual scientific revolution. Although, at the present time, we are rushing faster and faster towards the established debt slavery systems driving numbers which have become debt insanities, which are threatening to provoke death insanities, but nevertheless, any such eruptions of death insanities, provoked by the debt insanities, MIGHT become more dynamic selection pressures behind making more of the People think about what it would mean to have better death controls, to back up better debt controls.
Such greater use of information, enabling higher consciousness, IS theoretically possible. However, that would have to take place in the context where the war against the consciousness of the People has been so effective, for so long, that it seems practically impossible for there ever to emerge anything better out of the approaching times when the levels of debt insanities finally provoke intolerable levels of death insanities.
At present, it appears way more probable that the People will be committing collective suicide, rather than rising to the challenge of better understanding and coping with the emergence of globalized systems of electronic frauds, backed by atomic bombs, which make going backwards to any old-fashioned religions or ideologies be ridiculous "solutions," which includes that it is ridiculous to believe that a sound and honest money system could go back to being based on the principle of the conservation of matter, which was the "ring of truth" found in money that was precious metals.
The only good way forward requires more and bigger revolutions in the philosophy of science, which then applies to political science, so that it becomes possible to have a more scientific society, that understands itself better as a general energy system. However, such revolutions in the philosophy of science seem to be too preposterous at the present time, when the established systems based on ENFORCED FRAUDS are only facing controlled opposition groups in the significant public spaces.
At the present time, the best we see in any significant public spaces are controlled opposition groups continuing to operate inside of the biggest bullies' bullshit world view, to promote bogus "solutions" to the problems that stay too superficial. That is illustrated by how article after article on Zero Hedge provides relatively good, but still superficial, analysis of the problems, which articles almost always collapse back to bullshit based "solutions" to those problems at the end.
The presentation by Jim Grant embedded in the article above was typical, in that it concludes with recourse to the "weights and measures" such as exhibiting the principle of the conservation of matter, being promoted as a return to a good "solution" that should be married to the monetary system, when the rest of the real world is rushing forwards upon the basis of better understanding of general energy systems, enabling technologies like electronics and atomic energy.
In the longer term, one of the worst trends has been that the biggest bullies' bullshit world view has dominated the history of the philosophy of science, similar to how it has dominated other social enterprises. The funding of "science" is more and more driving fraudulent "science." In that context, many people do not think that economics is even a science, because they do not perceive that warfare was the oldest and best developed social science, while economics was an aspect of warfare.
The ANSWER to the questions about why the government gave away the power to make the public "money" supply out of nothing to private banks is to be found in the paradoxical ways that success in war was based on deceits, which then became the foundation of successful finance based on frauds. However, such a better answer can not then collapse back to bullshit impossible ideals based upon simply "stopping" that from happening.
We are stuck within social engineering actually working to do what it was designed to do. The established systems of ENFORCED FRAUDS are doing what those were covertly designed to do, which tends to be totally opposite to what they overtly stated were their purposes. Any genuinely better social engineering, based on better social science, would have to come to terms with the ways that the death control systems were necessarily central to that. Clearly, that is an extremely problematic situation when both the established systems, as well as their controlled opposition groups, want to continue to deliberately ignore that, while everything else they say continues to surround those crucial lies by omission.
RM, you talk frequently about "death controls." Can you say what you mean by that, and give an example or two?
tvdog, I have answered that question several times previously, during the last couple of years that I have been bothering to post my kinds of comments on Zero Hedge.
I tend to use the English general discussion Forum on my own Web site like my personal diary, where I have been recording most of my comments on Zero Hedge articles. My previous answers to your question could be found, if you wanted to take the time to search through this collection of Some Monetary System articles
A vital point that I would repeat is that what we call "birth controls" are actually forms of death controls, which illustrates the ways that it is extremely difficult, within the ways that most people use language, to discuss what better death controls would be. Some of the most effective and efficient death controls are what we call "birth controls." However, obviously, that is not generally understood, and when it partially is, then the meaning of that tends to continue to be inverted. For instance, I agree that abortion is "murder." However, I assert that murder is necessary, which is the context in which I look at abortion, as well as all other forms of "birth controls."
Abstractly, true birth controls are to say "yes" to something, and back that up, while real death controls are to say "no" to something and back that up. Unfortunately, a more scientific understanding of those things would require people to change the ways that they use language, to stop presuming so much upon the false fundamental dichotomies that they take for granted, while instead thinking using UNITARY MECHANISMS. I.e., life does not begin at birth, but rather alternates generations, which it has been continuing to do through evolution for hundreds of millions of years of the life of sexually reproducing animals. Therefore, from a biological point of view, life and death come as a package deal, while what our culture calls "birth controls" is actually death controls done before birth (which enables typical kinds of hypocrisies and deliberate ignorance to surround those kind of death controls.)
One of the first sociological studes was by Durkheim, regarding how the rates of suicides in a large enough group of people followed regular patterns. That is, the rates of suicide could be studied as scientific facts. When all the conditions in a large enough group of people are included in the study, then the death controls manifested through suicides produce patterns, which theoretically could enable influencing those conditions in ways which would change those patterns regarding suicides.
Similarly, with every other possible set of social facts, such as fatalities in the work places, and so on and so forth. Every decision that is ever made that changes the conditions under which people live changes the death controls. However, our society operates with a language of false fundamental dichotomies, such as by promoting the illusions that there is some magical thresholds of "safety," when there really are no such thresholds.
A more scientific study of death controls is quite possible, from a theoretical point of view. However, that is in a head-on collision with the established systems of death controls which operate through the maximum possible deceits, (and that includes the controlled opposition groups, who stay within the same frame of reference.) Since our society is controlled by systems legalized lies, backed by legalized violence, which fantastically benefit a few, while screwing everyone else, it is extremely difficult to make any headway against those entrenched systems!
Anyway, tvdog, IF you happen to look again at this article, to see my reply here, the examples of real death controls are everywhere one looks. The issue is whether or not one perceives those there ... That issue is extremely problematic because all the established systems (and their controlled opposition groups) owe their relative social successes to being able to be deceitful about the real death control systems.
I approach the issue of the death controls in the human cultures of artificial selection as being developed from the death controls which were always present in natural selection. At every phase of life, there are conditions which can cause death, and therefore, those conditions could be influenced in ways which change the relative death controls. However, almost all of the ways that our civilization does that is by operating through the language of the biggest bullies' bullshit, which has a deep vested interest in making sure that most people do not understand that, and moreover, feel like they do not want to understand that.
In general, as paradoxical as it may initially seem, of the two most important topics that cause social controversies (namely sex and money), money is now actually a more taboo topic than sex. The same as how, from a biological point of view, sex and death come as a package deal, so too, money and murder come as a package deal.
Our society has developed a crimially insane attitude towards the ways that money is measurement backed by murder, because those who most benefit from that being the case have the most interest and means to try to make sure that the vast majority of people do not understand that, and do not want to understand that, which is why I assert that militarism is the supreme ideology, while economics is actually a subset of militarism.
Obviously, the access to resources is dominated by the economic systems, and therefore, the old saying that people are controlled by food, and food is controlled by money, applies throughout, as some of the most basic ways that death controls actually operate. Mainstream economics tends to generally ignore ecology, because it desperately wants to deliberately ignore human ecology.
The problem of having a genuinely more scientific society raises the issues about whether enough human beings could face the facts about death controls enough to deal with those better. Perceiving that political economy is INSIDE human ecology appears to be scientifically possible. However, all of the established systems, and their controlled opposition, are obstacles in the way of being able to do that, which is why I focus upon attempting to understand the history of warfare better, in order to promote paradigm shifts in militarism, that then would apply to the monetary system.
Militarism was always the best developed social science, with the most significant applications of social engineering. However, the degree to which success in warfare depended upon deceits and treacheries has made more scientific progress in the understanding of the death control purposes extremely problematic! Although, basically, that is as simple as that human beings kill to live, by eating other animals and plants.
POLITICAL PROBLEMS BECOME MOST INTENSE WHEN SOME HUMAN BEINGS KILL OTHER HUMAN BEINGS.
It is plainly obvious, to one who is willing to look, that the government forces people to pay taxes using the banksters' fiat money, which is what makes that fiat money have value, where otherwise, such a fraud would appear to be an absurd joke. (E.g., here, have a piece of paper, or a burst of electricity, to "pay" for your labour or goods!) Human beings operate as entropic pumps of energy, BUT, our society is based on understanding the concept of entropy backwards, because our society is dominated by the biggest bullies' bullshit world view, which the controlled opposition groups share, which deliberately promotes a Bizarro Mirror World, where the best organized gangs of criminals are able to be publicly presented as the "good guys." In the same way as killing other other animals and plants in order to live is perceived as "good," the topmost of the top human predators are presented as the "good guys" when they make a killing. However, that kind of backward world view makes it practically impossible to develop any better ecological balances regarding the rates of killing, which do not run amok and wipe out the prey.
Mainstream economists tend to focus solely upon production, while deliberately ignoring that the production of destruction controls production. Human beings have an extremely difficult time developing a better balance with respect to how they kill other animals and plants to live, due to the degree to which the people who kill other people control society, and those people that prey on people made and maintained the real political economy, which is based on deliberately ignoring the real human ecology as much as possible.
What the established monetary system actually does is systematically rob the vast majority of people, through the symbolic form of robbery, which is achieved by privately controlled banks making the public "money" supply out of nothing as debts, which fraud is enforced by governments upon everybody else, including even upon those governments themselves. That system requires that more than 99% of the People act like Zombie Sheeple, while the controlled opposition groups promote "solutions" based on everybody acting like better Sheeple.
Since money controls food (and access to all other resources, which enable life, or cause conditions which tend towards death) the fundamentally fraudulent financial accounting systems actually do the most of the actual death controls, and they do that through the maximum frauds, backed by the maximum deceits, which are successful to the degree that only a tiny oligarchy benefits, while the vast majority of people are the victims of that runaway fascist plutocracy system, where the greatest form of "wealth" is the ability to make "money" out of nothing.
I have spent several decades attempting to make political science be more consistent with physics and biology. However, while doing that I have primarily proven, and continue to demonstrate, the social facts that more than 99% of the People act like incompetent political idiots, that are being robbed blind by the established monetary and taxation systems. (My current work on that is presented in the Canadian context here: Electoral District Associations)
I post my long comments on Zero Hedge somewhat as a vent for my frustrations regarding those social facts, especially since those are automatically getting worse, faster. We are already in a situation where the established debt slavery systems set up by the international banksters have driven their numbers to become debt insanities. Therefore, we are headed towards that provoking death insanities. In that context, I attempt to promote better understanding of the concept of death controls ... However, from a practical point of view, personally I am just another bit of flotsam and jetsam inside of the rising winds of the severe social storms that are coming due to civilization being controlled by ENFORCED FRAUDS.
Too long. Get a blog.
I already have a "blog," css1971. Actually, that is an aspect of a fringe political party registered in Canada.
Nobody is forced to read any comment posted on Zero Hedge. I amuse myself attempting to understand how things work, while writing is a tool to assist with doing that. My comments are longer because they set up a context that the vast majority of readers have probably never thought of before. A tiny minority of the readers on Zero Hedge appear to appreciate my bothering to do so, although, realistically speaking, it is mostly pointless and quixotic for me to do at all, since everything important is automatically getting worse, faster.
Inside the MAD Money As Debt system, during the time it took me to write this, or for anyone to read it, the various DEBT CLOCKS were running faster, wracking up even more DEBTS:
http://www.brillig.com/debt_clock/
Inside that context, there appears no practical point to discussions about how criminally insane civilization is becoming, because it merely continues to get more criminally insane, ever faster, even as we endeavour to understand what is happening!
Jim Grant rocks, but he forgot to mention one thing..... https://www.youtube.com/watch?v=rsL6mKxtOlQ
So the World is still safe for the bankers, because BMW doesn't make Armored cars.. Oh wait..
If the Twin Towers could Burn, I'm betting those Concrete Banks could Be Rigged..
( hello NSA ) it's all Sarcasm for the Record... Oh Wait..
Anything associated with the Cato Institute and the Kochtopus Brothers is suspect...
Yo Dudes. How can bankers miscalculate and make themselves wealthier than their wildest dreams? eh.
Q99X2 did not just arrive off of one of the globalist's banana boats you know.
How can bankers miscalculate and make themselves wealthier than their wildest dreams?
That's an easy one. They use your money.
William F Buckley once said that to run the country he'd choose the first 400 names from the phone directory before the Faculty at Harvard. As a former inmate of such an institution I heartily concur.
Two empty chairs...tempted to fill them:
David Icke: Reptilian Overlords: their evil doings, methods and goals
Brother Nathanael: Well, you know...Wake up you stupid Goyim, How the Chosen People outsmart you at every turn
"We actually worked to foster inflation, which we called 'price stability' (this was on the eve of the hyperinflation of 2017)"
2017? Did I miss something?
Not yet. Just wait a couple more years or so.
The Japs have been at it for 30 years. it may be a while yet.
WE didn't do it. WE had no say in the matter Mr. Grant. Instead of going on fancy programmes to gain high profile why not boycott all the instutions and get your fellow talking heads to do the same.
Hey, give the guy a break, George. He was actually talking about you, but was too polite to use your real name. Wait....what? he was talking about me, too?? why that son of of bitch.
A bit of good news; it could have been worse:
http://www.silverseek.com/article/liberty-dollar-founder-avoids-imprison...
Yeah, and what can you expect from a facist oligarchy?
fubar
Hey Jim; re:
"Imagine trying to explain the present-day arrangements to your 20-something grandchild a couple of decades hence - "
My eldest grandchild will be 20 in less that two years, so screw you!
Though I made need this explanation by then...
In the late 1700's a group of patriots gathered, and looked around at various forms of government -- nearly all of which had failed. The combination of big states and little states, northern states and southern states knew they had to learn from all the various mistakes that other countries had made, and they had to forego some of their own thoughts and wishes for things they believed should be in this new form of government. They got it right, for about 150 years -- or until the courts invented holes in the Constitution where none existed. And it is through these made-up holes that liberals, bankers, oligarchs, and career politicans jumped -- redirecting laws that were established for the good of the country -- and laws ensuring equal treatment and protection for all -- and instead they were now able to get "equal-er" treatment for 'some'. And thus the entire system began to do more for 'the some' and less for 'the all'.
I am much less optimistic that in a post-collapse world, there will be enough people stepping forward to speak for 'the all'. Certainly in today's country and world, those people are hard to find. While Grant wonders 'how people in the future will view the actions of today' -- I sadly think they will look back and in the words of the Tylers -- "think that the reason things didn't work out was that we didn't do even MOAR-ER"!
Exactly right. Our country's founding fathers and framers of the Constitution were capable people who actually did things and were sick and tired of the ridgid hereditary structure of the old country and george 3. They gave us a blueprint to prevent inherited status.
Problem is human nature is hardwired. Without some new world to go to or cataclysmic war to rip everything apart we solidify into hierarchial structures just like anthills, bee hives, or petri dishes of bacterial culture.
You would think the immediate communication afforded by the internet would give us pause to check ourselves and think about what we are doing. It does'nt look like it.
I liked your observation with an upvote, and the fact that Ive been drinking had nothing to do with it.
There was a disagreement, more a political one than a social one. The real schism is not often brought up. Sure federalism was "proved wrong" a long time ago but did it have one gift that could answer all our mcdonalds questions? Don't look a gift horse in the mouth.
The only miscalculation is done by those not wise to the con.....planned a long time ago
http://newworldorderg20.wordpress.com/2014/11/14/1945-british-national-archives-document-reveals-prime-minister-clement-attlee-desire-for-new-world-order-with-russia-u-k-and-u-s/
http://newworldorderg20.wordpress.com/2014/12/06/daily-updates-iran-is-already-open-for-western-business/
http://newworldorderg20.wordpress.com/2014/12/04/do-you-know-why-governemts-lie-about-nato-and-russian-jet-incursions/
http://newworldorderg20.wordpress.com/2014/11/27/russia-and-the-u-s-sell-to-both-sides-of-india-pakistan-tension/
and much more......http://newworldorderg20.wordpress.com
Amazing really how these miscalculations made these men filthy stinking rich...Oops! My shirt fell off! I don't buy it. Con artists rule the day is more like it. When you are faced with the tax burden of a bankrupt country (which also happened on wise and now very rich men's watch), you all will be in the gutter with the rest of us. Hope you enjoyed the blow, flawless whores and life in the lap of luxury while you had the chance, boys. Now, there is no place to hide your stolen loot. We are in lockdown.
'We seem to have miscalculated"
Oops, sorry world. We'll get it right next time
I can just see the angry mobs roaming the streets hunting down the criminals now
yea buddy!
They're likely to tag some too as they fly off in their private jets.
I'll have what you're smoking.
It is not because of stupidity that we still have the federal reserve, TPTB profit very handsomely from this system. The banks are TBTF and the bank employes make great wages and benefits off of the backs of the people, The politicians allow all of this becaus they prosper from propping up the banksters, besides when they are out of office they will be employed by these same corporations that are in control now.
So you see this system will not change because it would be the right or smart thing to do, they will ride this cow until they brake it's back, unless the people force change themselves. So all of us that know what is going on must educate all the others in the hope that maybe we will have enough people to force the change needed.
Ron Paul has been right all along "END THE FED"
The legal/political/consitutional framework currently "in use" will not allow for any meaningful change.
Conditions will have to deteriorate to the level of literally starving masses, either through termination of government subsidies for the takers, or by effective resignation/deactivation of the makers, or some combination of both, which will lead to blood in the streets.
Excellent read Rouble Nationalization - the Way to Russia's Freedom
Thanks for that link, joe90!
It is interesting to finally learn more of details about how the Russian people do NOT control Russian banking. I had read many articles where that was stated, but never before learned the complicated and crazy details about how that worked!
At face value, the achievements of the international bankers are astonishingly strange! The author of that book provides lots of good analogies to express how strange those established systems are!
The Russian situation is like the American situation, in that in both cases it is like there has been a home invasion, where a criminal has moved into the home of a family, and thereafter that criminal controlled the finances of that family. Furthermore, the author of that book also goes into an extended analysis of that situation, whereby the criminal that has staged that home invasion can not be easily evicted!
ROTHSCHILD OWNED & CONTROLLED BANKS:
Afghanistan: Bank of Afghanistan Albania: Bank of Albania Algeria: Bank of Algeria Argentina: Central Bank of Argentina Armenia: Central Bank of Armenia Aruba: Central Bank of Aruba Australia: Reserve Bank of Australia Austria: Austrian National Bank Azerbaijan: Central Bank of Azerbaijan Republic Bahamas: Central Bank of The Bahamas Bahrain: Central Bank of Bahrain Bangladesh: Bangladesh Bank Barbados: Central Bank of Barbados Belarus: National Bank of the Republic of Belarus Belgium: National Bank of Belgium Belize: Central Bank of Belize Benin: Central Bank of West African States (BCEAO) Bermuda: Bermuda Monetary Authority Bhutan: Royal Monetary Authority of Bhutan Bolivia: Central Bank of Bolivia Bosnia: Central Bank of Bosnia and Herzegovina Botswana: Bank of Botswana Brazil: Central Bank of Brazil Bulgaria: Bulgarian National Bank Burkina Faso: Central Bank of West African States (BCEAO) Burundi: Bank of the Republic of Burundi Cambodia: National Bank of Cambodia Cameroon: Bank of Central African States Canada: Bank of Canada – Banque du Canada Cayman Islands: Cayman Islands Monetary Authority Central African Republic: Bank of Central African States (BCEAO) Chad: Bank of Central African States Chile: Central Bank of Chile China: The People’s Bank of China Colombia: Bank of the Republic Comoros: Central Bank of Comoros Congo: Bank of Central African States Costa Rica: Central Bank of Costa Rica Côte d’Ivoire: Central Bank of West African States Croatia: Croatian National Bank Cuba: Central Bank of Cuba Cyprus: Central Bank of Cyprus Czech Republic: Czech National Bank Denmark: National Bank of Denmark Dominican Republic: Central Bank of the Dominican Republic East Caribbean area: Eastern Caribbean Central Bank Ecuador: Central Bank of Ecuador Egypt: Central Bank of Egypt El Salvador: Central Reserve Bank of El Salvador Equatorial Guinea: Bank of Central African States Estonia: Bank of Estonia Ethiopia: National Bank of Ethiopia European Union: European Central Bank Fiji: Reserve Bank of Fiji Finland: Bank of Finland France: Bank of France Gabon: Bank of Central African States The Gambia: Central Bank of The Gambia Georgia: National Bank of Georgia Germany: Deutsche Bundesbank Ghana: Bank of Ghana Greece: Bank of Greece Guatemala: Bank of Guatemala Guinea Bissau: Central Bank of West African States (BCEAO) Guyana: Bank of Guyana Haiti: Central Bank of Haiti Honduras: Central Bank of Honduras Hong Kong: Hong Kong Monetary Authority Hungary: Magyar Nemzeti Bank Iceland: Central Bank of Iceland India: Reserve Bank of India Indonesia: Bank Indonesia Iran: The Central Bank of the Islamic Republic of Iran Iraq: Central Bank of Iraq Ireland: Central Bank and Financial Services Authority of Ireland Israel: Bank of Israel Italy: Bank of Italy Jamaica: Bank of Jamaica Japan: Bank of Japan Jordan: Central Bank of Jordan Kazakhstan: National Bank of Kazakhstan Kenya: Central Bank of Kenya Korea: Bank of Korea Kuwait: Central Bank of Kuwait Kyrgyzstan: National Bank of the Kyrgyz Republic Latvia: Bank of Latvia Lebanon: Central Bank of Lebanon Lesotho: Central Bank of Lesotho Libya: Central Bank of Libya Uruguay: Central Bank of Uruguay Lithuania: Bank of Lithuania Luxembourg: Central Bank of Luxembourg Macao: Monetary Authority of Macao Macedonia: National Bank of the Republic of Macedonia Madagascar: Central Bank of Madagascar Malawi: Reserve Bank of Malawi Malaysia: Central Bank of Malaysia Mali: Central Bank of West African States (BCEAO) Malta: Central Bank of Malta Mauritius: Bank of Mauritius Mexico: Bank of Mexico Moldova: National Bank of Moldova Mongolia: Bank of Mongolia Montenegro: Central Bank of Montenegro Morocco: Bank of Morocco Mozambique: Bank of Mozambique Namibia: Bank of Namibia Nepal: Central Bank of Nepal Netherlands: Netherlands Bank Netherlands Antilles: Bank of the Netherlands Antilles New Zealand: Reserve Bank of New Zealand Nicaragua: Central Bank of Nicaragua Niger: Central Bank of West African States (BCEAO) Nigeria: Central Bank of Nigeria Norway: Central Bank of Norway Oman: Central Bank of Oman Pakistan: State Bank of Pakistan Papua New Guinea: Bank of Papua New Guinea Paraguay: Central Bank of Paraguay Peru: Central Reserve Bank of Peru Philip Pines: Bangko Sentral ng Pilipinas Poland: National Bank of Poland Portugal: Bank of Portugal Qatar: Qatar Central Bank Romania: National Bank of Romania Russia: Central Bank of Russia Rwanda: National Bank of Rwanda San Marino: Central Bank of the Republic of San Marino Samoa: Centra+D574l Bank of Samoa Saudi Arabia: Saudi Arabian Monetary Agency Senegal: Central Bank of West African States (BCEAO) Serbia: National Bank of Serbia Seychelles: Central Bank of Seychelles Sierra Leone: Bank of Sierra Leone Singapore: Monetary Authority of Singapore Slovakia: National Bank of Slovakia Slovenia: Bank of Slovenia Solomon Islands: Central Bank of Solomon Islands South Africa: South African Reserve Bank Spain: Bank of Spain Sri Lanka: Central Bank of Sri Lanka Sudan: Bank of Sudan Surinam: Central Bank of Suriname Swaziland: The Central Bank of Swaziland Sweden: Sveriges Riksbank Switzerland: Swiss National Bank Tajikistan: National Bank of Tajikistan Tanzania: Bank of Tanzania Thailand: Bank of Thailand Togo: Central Bank of West African States (BCEAO) Tonga: National Reserve Bank of Tonga Trinidad and Tobago: Central Bank of Trinidad and Tobago Tunisia: Central Bank of Tunisia Turkey: Central Bank of the Republic of Turkey Uganda: Bank of Uganda Ukraine: National Bank of Ukraine United Arab Emirates: Central Bank of United Arab Emirates United Kingdom: Bank of England United States: Federal Reserve, Federal Reserve Bank of New York Vanuatu: Reserve Bank of Vanuatu Venezuela: Central Bank of Venezuela Vietnam: The State Bank of Vietnam Yemen: Central Bank of Yemen Zambia: Bank of Zambia Zimbabwe: Reserve Bank of Zimbabwe.
‘Rothschild Banking Empire Valued at $100 Trillion’
http://humansarefree.com/2013/11/complete-list-of-banks-ownedcontrolled.html#sthash.XyMig9Pd.dpuf
1 oz Pamp Suisse gold bars at spot!...Free shipping...from APMEX...via Ebay promotion...23 hours left...
Sorry. Nothing to do with this article but I got excited.
http://www.ebay.com/itm/1-oz-Pamp-Suisse-Gold-Bar-New-Design-In-Assay-SK...
Funny - none of these high powered finance guys can see the obvious --- this is all about the end of cheap oil... and 70 buck oil is not cheap ... and it is not pricey enough to encourge new exploration.
WE ARE FUCKED JIM.
HIGH PRICED OIL DESTROYS GROWTH
According to the OECD Economics Department and the International Monetary Fund Research Department, a sustained $10 per barrel increase in oil prices from $25 to $35 would result in the OECD as a whole losing 0.4% of GDP in the first and second years of higher prices. http://www.iea.org/textbase/npsum/high_oil04sum.pdf
THE PERFECT STORM (see p. 59 onwards)
The economy is a surplus energy equation, not a monetary one, and growth in output (and in the global population) since the Industrial Revolution has resulted from the harnessing of ever-greater quantities of energy. But the critical relationship between energy production and the energy cost of extraction is now deteriorating so rapidly that the economy as we have known it for more than two centuries is beginning to unravel. http://ftalphaville.ft.com/files/2013/01/Perfect-Storm-LR.pdf
Indeed, Magooo!
As Gail Tverberg's articles, which were republished on Zero Hedge, outlined, it is in the financial system where the problems show up first, although those real problems are much more profound than that! Another relatively recent discussion about how the financial repercussions will be first and foremost manifestations of the deeper disruptions concerns how the biggest banks have entered into speculations based on the price of oil, that could add up to trillions of dollars in loses, because those banks were legally allowed to make "money" out of nothing to gamble with in those ways:
Plummeting Oil Prices Could Destroy The Banks That Are Holding Trillions In Commodity Derivatives"It is like a patient with an extremely advanced case of cancer. Doctors can try to kill the cancer, but it is almost inevitable that the patient will die in the process."
Banksters being able to make "money" out of nothing to speculate with, while everyone else had to use the same "money" supply to live, has created an endless series of concatenated systemic risks, which have accumulated to astronomical sizes. The MAD Money As Debt system HAS become like a thoroughly metastasized cancer. Our society IS as screwed as someone who is terminally sick and insane!
Since the established systems are based upon ENFORCED FRAUDS, which were enabled by the application of the methods of organized crime to the political processes, and everyone else, for generation after generation, adapted to live inside of those systems of ENFORCED FRAUDS, which grew worse at an exponential rate, everything regarding how human beings related to the relatively more objective physical world around them has been totally dominated by attitudes of evil deliberate ignorance, related to being able to operate inside of economic systems based on ENFORCED FRAUDS.
The physical world of matter and energy has been removed a long, long, way from the social systems based on backing up lies with violence. We have NOT sanely adapted nor prepared to live inside of the real context the physical world, because, instead, we adapted to live inside the social world dominated by ENFORCED FRAUDS.
As far as I can tell, the vast majority of people do not know, because they do not want to know, how utterly sick and insane their society has actually become, because their lives depended upon adapting to live INSIDE ENFORCED FRAUDS, which required they develop the maximum possible attitudes of evil deliberate ignorance towards those CENTRAL SOCIAL FACTS!
I had to look up the meaning of one of them there words you wrote.
I'll say it over and over in my head all weekend.
Monday morning I'll let 'er rip at work.
Anyway, maybe Russia is seling lots of oil to screw the Empire banksters?
And China is dumping their UST to buy the cheap oil?
Blow the whole linked up mess down!
HIGH PRICED OIL DESTROYS GROWTH
Relax man....we're on it.
Sorry if we couldn't go fast enough for you...it's a little complicated.
I just read thisJim Buiter critique of gold as a currency. Apparently to him it is in a 6000 year bubble.
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/12/6_Ba...
At the end he states that gold's value could go to zero just like any other "fiat" currency. (He describes gold as a fiat currency.)
Well I guess that gold could go to zero. But in that world the only things of value would be safety, guns, ammunition, food and shelter.
And in that world Jim would be one of the first casualties.
When you work all day for the right to be taxed
And another does naught but send out a fax
With substance akin to a one and a zero
Just drop all your tools and fiddle like Nero
Cos your work has no purpose so why be a hero
The man who does nothing but experiment with theory
Has the value akin to an improper query
Take heed of my message and don’t make a fuss
Use your tools for your loved ones and get off the bus
The 5,000 drivers are all virtual economusts
we economically disadvantaged some folks.
In other news the sky is blue and water is still wet.
They have kept doing that because they firmly believe average Joe won't do anything about it. His schooling can allow him to stay clam and carry on.
Clam On
Currencies are IOUs, glorified and pretty pieces of paper printed and handed out by governments. Whether because of modern printing options or in an effort to thwart counterfeiters most of us will admit countries have raised the bar concerning the appearance of their currency.
This has almost become a full blown beauty contest and taken our minds off what is really behind these pretty little tokens.
A piece of paper with great power, based only on faith, they are mere promises of stored value and wealth, and the value of these promises can change in an instant. With this in mind currencies may not be the best place to store your wealth. The article below delves deeper into currencies as a great "Trojan horse" for governments to fleece the average citizen of their wealth.
http://brucewilds.blogspot.com/2014/10/currencies-are-ious.html
There's no "miscalculation." It's just stealing. Somebody gets the newly created money or the benefit of it, and everyone else gets screwed. It's been going on for centuries.
And they all know it, including Jim Grant.
Bitcoin
It really is the most convenient currency standard to use..... if everyone uses it.
Bitcoin
Ummm.....NSA.
Perhaps I've said too much.
Can anyone provide a link to verified returns one would have received if one had followed his advice the last 10 years?
Many of the posts here require an answer. This is not one of them. At present in the U.S., according to Keith Johnson in Reining in the Money Masters, four banks --Bank of America, Chase, Citibank and Wells Fargo--control the overwhelming majority of assets and deposits. "Throw in Goldman Sachs and the total approaches $9 trillion in assets -- close to 60% of the total."
In short, "This concentration of economic wealth and power (and our democratic government) in the U.S. is in the hands of just five men --the CEOs of these banks...."
And you want Jim Grant to call this market? It is no longer an economic call; it is a political call.
There will be no callable market until the power to create money out of nothing is taken away from the Fed money trust and 100% reserve banking is instituted.
What if Fort Knox has no gold for reserve banking of any percentage above 0.00001 % of active cash.
When you can print money out of thin air, you don't need any reserves. The Fed isn't federal; it has no reserves, and it isn't a system.
Is there any gold in Fort Knox? We don’t know. So how about an audit of the gold stock? Why does the Fed resist? Fort Knox has not been audited for decades.
And if there is gold there, who owns it? And the same with the vaults in the NY Fed.
Has America's gold been Ukrained?
What if Fort Knox has no gold
Yeah....what if?
Is there something you want to tell us here?
YES but the preys that they unashamedly call "muppets" are still plenty and enjoying their paper meals.
This is a global disease beyond the shores of US.
Jim has the dates wrong. It’s going to happen before then. And, I don’t think the younger generation is going to be wiped out; I think the bankers are going to be wiped out.
But other than that, he’s exactly right.
We are seeing the crunch in many ways coming from world recession and war, to huge downturns in the American economy. In spite of the propaganda for the jobs report, for example, the Household survey figures are devastating with an increase in Part-Time Jobs and a decrease in Full-Time jobs. What better picture can there be of an economy in trouble.
In the face of this, Americans are represented by a Congress of prostitutes and pygmies intent on holding their jobs while rubber stamping the policies of a banking cartel.
And the outstanding characteristic of the cartel is that it is totally international with no loyalty or even responsibilities to the American people.
http://www.zerohedge.com/news/2014-12-05/full-time-jobs-down-150k-participation-rate-remains-35-year-lows
If Jim would take off those glasses (with one hand, of course) I believe he would be the fiat Superman !!!
Americans get stung twice, first by index methodologies that understate price increase and then by a Federal Reserve that views it a a problem when our purchaing power rises and seek ways to raise the costs of goods and service while ignoring the role technological advances play in lowering prices of some products and services.
Sorry iPad double post
And then having to pay the salaries of the 24 million Federal employees whose only job it is ... To protect their jobs and add to their numbers
Keep dreaming, Grant. Do you really think the elite bankster cartel will give a fuck about your 20 year old grandchilds inheritance? Grow up!
Speaking of summing it all up, here's a new bit on an old deal linked below.
So sad that the ignorant can not be lead to the truth about that which seeks to kill us all. Kinda like the horse and water story. The dang thing will die before it will drink of the fountain of truth.
The epitaph for mankind may well read some day; they came, they saw, and they all died for the lack of an ability to really grasp the saving truth. World ignorance, is world suicide.
The wall says to the man, who's your master? Money, or Love? Choose well between that which is embraced as real and everlasting, and that which is only temporal at best. All words, deeds, and actions carry great re-actions and a huge karmic overlay. There is absolutely NO ESCAPE from this fact.
Presented for higher edumacatinal purposes only. No hate required.:
http://understandingtheworldtoday.wordpress.com/
That's funny. Those are the same protocols as the illuminati. Coincidence?
Double post.
Greetings Earthlings, Nano Nano!
Currently enjoying the new AC/DC and top-shelf Vodka.
The Roman empire enjoyed 900+ years of deficit spending and currency debasement, their Senate welcomed foreign invasion multiple times, ultimately it was disease and weather that did the Romans in, turns out you can debase and spend with no consequences, all you got a do it do better than your neighbors.
And keep everyone else outside of Rome at each others throats.
There didn't exist in Roman times the power and technology to destroy on a much faster and grander scale as there is today. Believe me, as with everything else, things happen at a massively faster pace today. The next implosion will happen much sooner than you think.
The world has a monarchy and that monarchy is the network of central banks.
Central banks have become enemies of the people and like Ludwig von Mises said in Human Action, it was debasement of the currency that contributed to the fall of the classical civilization of antiquity, the Roman Empire.
Currency, as a medium of exchange, belongs to the people and not to the central bankers. And debasement of the currency always hurts the people.
The parallel between the empires of America and Rome and the cheapening of the currency is following the same road to decline.
Here’s how it played out in a decaying Rome, before her fall in 476. And as economist Lawrence Reed points out in this piece, “defining inflation properly is critical to our understanding of it,” as well of course is our understanding of fraud and corruption, i.e., legalized plunder by the system…
Excerpt from The Fall of Rome and Modern Parallels:
“Rome also suffered from the bane of all welfare states, inflation. The massive demands on the government to spend for this and that created pressures for the creation of new money. The Roman coin, the denarius, was cheapened and debased by one emperor after another to pay for the expensive programs. Once 94% silver, the denarius, by 268 A.D., was little more than a piece of junk containing only .02% silver. Flooding the economy with all this new and cheapened money had predictable results: prices skyrocketed, savings were eroded, and the people became angry and frustrated. Businessmen were often blamed for the rising prices even as government continued its spendthrift ways.
“In the year 301, Emperor Diocletian responded with his famous ‘Edict of 301.’ This law established a system of comprehensive wage and price controls, to be enforced by a penalty of death. The chaos that ensued inspired the historian Lactantius to write in 314 A.D.: 'After the many oppressions which he put in practice had brought a general dearth upon the empire, he then set himself to regulate the prices of all vendible things. There was much bloodshed upon very slight and trifling accounts; and the people brought provisions no more to markets, since they could not get a reasonable price for them; and this increased the dearth so much that at last after many had died by it, the law itself was laid aside.'
“All this robbery and tyranny by the State was a reflection of the breakdown of moral law in Roman society. The people had lost all respect for private property...
“The end came, rather anti-climactically, in 476, when the German chieftain, Odovacer, pushed aside the Roman emperor and made himself the new authority… When the Vandals, Goths, Huns and others reached Rome, many citizens actually welcomed them in the belief that anything was better than their own tax collectors and regulators. I think it is accurate to say that Rome committed suicide. First she lost her freedom, then she lost her life.
“History does seem to have an uncanny knack of repeating itself.” --Lawrence W. Reed
Standing by my prediction end of 1Q 2015 major global economic down turn and probable war before 4Q 2015.
A "Guess" is not a prediction.
You are guessing.
This morning I looked at the weather forecast for today and tomorrow. THAT is a "prediction", nearly 100% certain, that it's going to 45 F today, and some drizzle throughout the day.
The weathergirl ain't guessing.
Oh yes it is.
The weather NOW is a certain. The weather in 30 minutes? A GUESS.
NEVER try to out-guess Mother Nature. THAT'S a "prediction" - which is....a guess.
The Thesaurus slams the door. Look under "P"
Synonyms for guess noun belief, speculationwelll.......maybe.
Cato! Stop teasing Rothbard!
This lucid presentation by Jim Grant misses the mark because it states that we the governed decided upon this policy or consented to it. No sir, we were forced into it by ignorance of what we were doing for the past two centuries. All fiat monetary systems lead to monetary management by a central authority which usurps power and keeps it by progressively more restrictive controls on those governed while the sources in power profit to progressively greater degrees from the work of the governed until the government is overthrown. We are in the totalitarian phase soon to be the 'government is overthrown' phase. And who gave Grant the crystal ball to tell when all this will fail? My bet is that it is failing now!
Re; No sir, we were forced into it by ignorance of what we were doing.
Willful ignorance is no excuse at all, at what point did you realize borrowing trillions of dollars to make up the shortfall in revenue was absolute madness. 30 years ago the US hit 1 trillion in fantasy spending, It was doomed then. When an entire society has to overlook reality in order to continue the status quo, they are all responsible. There was no 1 trillion then, no 18 trillion now. We have all lived a life based on the fantasy that a govt could pretend to have all the money it needs for every program they could imagine.
That being said, Its been one hell of a ride.
Do not go meekly into the darkness.
We are in some phase of Peronism before the ouster of Juan Peron from Argentina. Notice that Argentinians never recovered from the bullshit of Peron; it still goes on. Obama isn't a commie, he is a Peronist.
http://pjmedia.com/blog/the-peronist-in-the-white-house/
After reviewing all the comments on Jim Grant's summary of the world monetary policy for the past 7 years I have one conlusion: We are not discussing monetary policy, we are discussing world history in which our Western civilization is in the final death blow of extinction. Monetary policy is a smaller entity than this big wave. The reason is we are totally committed to the machine age of which the information age is a final phase outgrowth and what were amazing advances propelling western civilization to vast advances early in its ascent are now producing vast destructive declines at the end amongst them being Jim Grant's 'we allowed ourselves to be governed by univeristy professors model building instead of by commerce.' Hence, we no longer developing based upon the constructive development of society but instead upon some abstract notion of what 'ought to be' which covertly benefits the few at the expense of society. No difference from the end of Roman civilization, Greek civilization, Egyptian civilization the list goes on.
You're making it too meaningful. We're witnessing a generation of entitlement, built on the backs of the people who brought us into a world of capitalistic prosperity after WWII. Arrogance, that is all.