How You Can Tell If You Are Living under the Rule of Money Printers
by Jeff W.
"In most of human history, people have lived under the rule of taxing authorities. The way a taxation system works is easy for anyone to understand. Businesses and individuals pay taxes to the state, and the state spends that tax money on armies, road construction, police, courts and jails, education, propaganda, lavish lifestyles for the top dogs, etc.
But what if you live under a regime of people who obtain their wealth not through taxation but through money printing? The money printers will not tell you that they are in power over you.
Money printers always go to considerable lengths to disguise their money printing. The money they print in today's world doesn't just roll off government printing presses; it is loaned into existence by a central bank or other banks, which makes the whole process of money creation much more difficult for citizens to understand. So without them telling you that they rule over you, how can you know?
In this discussion, I shall list some of the ways a money printing regime behaves differently from a taxation regime. You can then identify a money printing regime by its actions.
A taxation regime prospers when its tax haul increases. Thus an intelligently-managed taxation-funded regime will take actions to promote the general welfare, as the U.S. Constitution calls it. This regime wants businesses and individuals to prosper so that it can obtain a larger tax haul from them. Thus the interests of the people and of the taxation regime are aligned. They become partners, so to speak, in desiring increased prosperity, and they share in that increased prosperity if it comes.
In a well-managed taxation regime, the state incentives entrepreneurs and workers by allowing them to keep a large share of their earnings. Taxation regimes make management mistakes all the time, setting taxes too high or allowing corruption to seep into their administrations, but under an honest and intelligent taxation regime, the state and the people can work together to achieve success.
Taxation regimes sometimes seek to add to their tax hauls by enlarging their borders. This is often done through warfare. Taxation regimes can go bad in a variety of ways. But when the U.S. Founders wrote the Constitution, they were trying to set up a decent, durable taxation regime, and the federal government they created did manage to operate successfully for a number of years.
If, however, a nation's elites get their wealth and power through money printing, they have a very different path to success. Their success is measured in terms of the total wealth they can take for themselves by printing money and distributing it to themselves and their friends. How is their wealth haul from money printing maximized?
First they seek to enlarge the circulation area of their fiat. A small country, such as Venezuela, cannot print too much fiat without setting off destructive double-digit inflation or disastrous triple-digit hyperinflation. A large country with a large fiat circulation area extending beyond its geographic borders can print much more without creating damaging inflation. Thus a money printing regime will not seek so much to expand its borders as to expand the circulation area of its fiat, such as by making agreements with oil-producing states in the Middle East to price their oil in dollars. Requiring that the dollar be used for bank reserves is another way to expand its circulation.
A taxation regime, by contrast, that uses a gold-backed currency will not generally to seek to expand its currency's circulation zone beyond its borders.
The value of a fiat, like the value of anything else, is determined by the opposing forces of supply and demand. In a money printing regime, the money printers will print, print, print in order to enrich themselves, which of course increases the supply of the fiat and reduces its value. But if at the same time, the money printers take actions to increase the demand for their fiat, their fiat can hold its value even as they furiously print. One way to increase the demand is to enlarge the circulation zone, but there are also several other ways to prop up demand for a fiat currency.
They will tend to impose high taxes. Taxes increase the demand for fiat, as taxpayers must have fiat in order to pay their tax assessments. The optimal rate of taxation in order to spur maximum fiat demand is higher than the Laffer Curve optimum needed for a maximum tax haul. A money printing regime is thus also a high taxing regime.
They will create high levels of debt. This is done for two reasons. One is that under the debt money system that is used in the world today, the act of creating debt and printing money is one and the same. In order to print and take advantage of wealth created by that money printing, debt must necessarily be created at the same time. The other is that debt creates demand for fiat, as debtors must have fiat in order to make their debt payments. Any kind of debt payable in the regime's fiat, whether public or private, adds to the demand for that fiat.
They will try to enlarge the marketplace of goods and services for sale cheap in exchange for the fiat. This adds to the demand. If I am holding Venezuelan bolivars, the range of goods and services that I can buy in exchange for them is relatively limited. If I have, U.S. dollars, however, I can buy millions of different things. This adds to the value of the dollar. Those who hold bolivars will often want to exchange them for dollars if, for example, they want to buy something from Amazon.
They like it when other states peg their fiat to the fiat. This has the effect of enlarging the circulation zone. When China does pegs its yuan to the dollar, it also helps create a huge marketplace of cheap goods. Fiat demand is thus boosted two ways by pegging Chinese currency to the dollar.
They intervene in currency exchange markets to prop up the value of the fiat. This is the direct approach to increasing the demand for a fiat: go into the market and buy it. This demand is artificial, but is very effective in increasing the value of the fiat. It should be noted that taxation regimes often seek to decrease the value of their fiat in order to spur exports of manufactured items, which will in turn increase employment and spur increased tax revenues. A money printing regime, by contrast, will seek to prop up the value of its fiat, not caring about its nation's manufacturers.
Periodically in human history there have been sad episodes where rulers have attempted to set prices by decree in order to maintain the value of their debased currencies. Such price suppression attempts have always ended in failure, often accompanied by political chaos and bloodshed. Modern techniques of price suppression, however, have replaced these primitive methods of suppressing prices (which were attempted in the U.S. as recently as 1973 under the name of wage and price controls). Price suppression is an unmistakable characteristic of a money printing regime.
They suppress wages. In order to maximize wealth obtained from money printing, it is not only necessary to print a lot of fiat each year, it is also necessary that the wealth obtained from that money printing be restricted to a select few. When a worker gets a pay increase because of inflation, that worker is getting a piece of the wealth that the money printers think they should have. The money printers' maximize their wealth when all the freshly-printed fiat goes to them and the workers get no pay increase or the workers' incomes, as measured in the fiat, actually decline.
In order to suppress wages, money printers advocate maximum female participation in the workplace, open borders immigration and global labor arbitrage. Taxation regimes seek to increase taxpayers' wages. Pre-1971 the federal government supported private sector labor unions; afterward it opposed them in surreptitious ways, and today private sector labor unions have almost ceased to exist.
They suppress commodity speculation. In bygone days, debased currency regimes would punish hoarders and speculators by hanging them or shooting them and confiscating their hoards. Today hoarders and speculators are punished by market manipulation, huge waves of naked shorting in commodity exchanges. Here again the money printers want all of the wealth from money printing to come to them; they do not want to share any of it with hoarders and speculators.
They promote free trade. It sounds like a good thing, to promote free trade. But they do not promote free trade because they believe in freedom. They do it to suppress prices. I was interested to watch an interview with a Navy admiral recently where he said the purpose of the U.S. Navy was "to protect free trade." I thought the Navy's purpose was to protect the United States, but the money printers have other uses for it.
A feature of a money printing regime is that it makes some of its beneficiaries enormously, obscenely rich, much more so than in a taxation regime. Some of this surplus cash can be used to impose control over the elected government, either by bribery, or blackmail when the money printers control the apparatus of the surveillance state.
The banks control the government. As Illinois Senator Durbin admitted in 2009, "The banks -- hard to believe in a time when we're facing a banking crisis that many of the banks created -- are still the most powerful lobby on Capitol Hill. And they frankly own the place." In a taxation regime, the banks are one powerful interest group among many. In a money printing regime in a debt money system, the banks rule supreme.
Is your government behaving like a money printing regime? If so, there is probably not much you can do about it. The money printers have an infinite supply of fiat that they can use at any time to maintain their grip on power. A successful attack on them, if it is to come, will likely come from outside, from rival states who are jealous of rival money printers.
One thing is clear to me. There can be no meaningful reform in the U.S. until the money printers are removed from power. As long their regime is in control, they can only be expected to continue to strip citizens of their wealth through the various means listed above. It was a sad day in the 1970's when the U.S. came under the rule of the money printers, and it has been a sad era ever since. There is no telling when it might end."
Thank you, Jeff, for the clear description of our money-printing power structure.
NO IT CAN'T!
And the Feral Reserve knows printing moar money will only ruin THEM this time.
The banksters are going into "bunker mode" now to protect themselves and will let the economy implode
Oh, yeah...don't forget to gin up the monkey grinder too..
>2015 Econocalypse
>2016
I know most here know, but one of the biggest scams is in understanding this:
seigniorage ?se?nj?r?d?/ nounThen watch this, brilliant documentary....one of th ebigger probloems, NO MONEY IS BEING PRINTED, only digital stuff is.....cashless transactions.
https://www.youtube.com/watch?v=XcGh1Dex4Yo
The code name for Rockefeller was "morse"...as in " Morse code."
The folks who got the read on the ticker never knew there was a delay in the order. The brokerage knew what the real trade was long before even the broker knew.
And that is still true today.
Everything else is just for show....
The digital movement is where the big $$ change hands obviously. It is printing none the less.
Credit is still granted to governments, businesses and individuals by corrupt criminal financial syndicates so no positive things can happen.
All this printing has one goal in mind, the end of sovereignty, one world, one bank, one currency one government, two classes.
Bullshit! The "market" hasn't even dropped and you are sure that the sky is falling. They will wait until it looks like things are breaking down and then they will print a few more trillions. The assholes that populate the lower part of criminal island will all cheer and the band will play on. Can't last forever, but we have many years of fakeocity left.
Many - Many - Many Years left.
Don't believe the propaganda written by the Gold/Silver huksters. Just like 2013 and 2014 were not please believe that 2015 isn't that magic year either when PM will soar.
+1 for "fakeocity".
On that note, I'm going to buy one of those 3d printers
Just wait until the metal printers hit the market. Weapons anyone?
One thing is clear to me. There can be no meaningful reform in the U.S. until the money printers are removed.
Duh.
10 things the media won’t be talking about after the Paris terror attack
Love the Rand Paul pic.
pods
They promote free trade. It sounds like a good thing, to promote free trade. But they do not promote free trade because they believe in freedom. They do it to suppress prices.
Whaadya mean? Are you trying to tell me Ricardo was full of shit? Maybe, naive I guess.
http://mises.org/library/ricardian-law-comparative-advantage
<-- they will zirp debt to infinity and beyond
<-- they will nirp debt to double plus negative infinity bitchez
I might add that printing pictures of food will end world hunger, shopping carts will no longer be needed at grocery stores, just bring a 3-ring binder....
I heard a rumor they might hire Robert Mugabe into their purchasing department to procure all the paper they will need. He had some solid experience in this area.
I would humbly submit that the African we currently have in DC has caused enough damage already... please, no mas.
Everything Can Be Fixed By Printing More Money...
...except crude.
Watch in going into free fall mode in 3....2....1....
You didn't print that!
Caricatures are supposed to goofify the subject, Oblunder with the pencil neck and donkey ears. But a drawn Yellen almost seems like a stock photo.
So the US prints money....and is therefore a Money Printing Regime
Thanks Captain Obvious
Next stop for Jeff and CHS....the IBoC (Igloo Builders of Canada) forum to clear up why Igloo builder's should probably live by the poles.
Jeff W: Money is "a promise to complete a trade". This is obvious from examining the three steps in trade: (1) Negotiation; (2) Promise to deliver; (3) Delivery.
In simple barter, steps (2) and (3) happen simultaneously on the spot. Money allows steps (2) and (3) to happen over time and space.
Traders thus create money. This is best illustrated by example: When "you" buy a car taking immediate possession in exchange for 60 future payments, the 60 future payments are money created by you. As you pay back, the "certificates" you return are extinguished. In the mean time, the certificates you gave to the seller circulate as objects of simple barter. If you DEFAULT, those remaining certificates must be reclaimed through INTEREST collections, thus assuring the marketplace zero INFLATION. The relation is INFLATION = DEFAULT - INTEREST.
It's just that simple.
Now, knowing that, rewrite your essay.
https://en.wikipedia.org/wiki/Bankers%27_acceptance
Cthanic: Presumably your quote is in response to my comment reply.
https://mises.org/library/history-money-and-banking-united-states-coloni...
https://mises.org/library/school-salamanca-saw-coming
http://leonardliggio.org/?p=52
noun \b?-?l?f\
a feeling of being sure that something is true, without the necessity of supporting facts
Litmus test:
The inability of a person holding a belief to seriously answer the question "What would need to happen so you would change/abandon your belief?"
FUCK YOU MONEYCHANGERS
DIE DIE DIE YOU FUCKING BASTARDS. !!!!!!!!!!
Well no kidding? Like the bears didn’t just get their faces ripped off for the umteenth time by the money printers? Nobody can short this market and that is what the Fed wants. Total Faith in their control of all markets now. The Russian military might cowers now before the bankers. They can crush the economy of any nation with a few clicks of a mouse. Bring people to their knees. They own the new world order. Very impressive…
You have to follow the data. An excess of one million barrels of oil a day in a country where it is illegal (formerly) to export that oil adds up.
Since refining is dirt cheap when its twenty below zero you want to invent a "summer driving season" as an explanation for why you are storying hundreds of millions of barrels of oil during that time.
Then some clown comes roaring in to "trade on the weather" ....lever that dope a hundred to one...take the other side of that trade...and then explain to him about how energy intensive the refining business is.
By flooding the market at a time when no one in their right mind is driving.
Watch the price collapse by 50%....laugh your balls off.
If everything could be fixed by printing money they could just cut everyone in the world a check for 10 million dollars.
Instead the syndicate bastards cut themselves a check for 10 million on the taxpayers dime.
It only works until it doesn't...like penicillian.
By the time they acknowledge that it isn't working, the economy will be DOA.
is my Co-- big enough for you ... to make me .... a STAR !!
THE NANNY BANK has all the answers and you WILL wag your tongue when the say " Debt Slave Jump ! "
JELLYFISH OF EARTH ! ..... PREPARE FOR QE
Yup, until monetary policy is changed, reform is impossible.
What kind of fiat? Is is lawful fiat.. Does the fiat vector into channels of production? Is the fiat of the right type so that it doesn't take usury and rents for its right to exist?
What are the units in the fiat? There are different kinds of credit and different kinds of money.
Today, we have private banker created credit. Our fiat is that of the banks, not the government. Our government does not print money and take seigniorage. Our government issues bonds into the primary market, and those bonds are monetized. Our government, gets its fiat from private bankers - and this fiat is credit that must be paid back.
The private bankers that issue their fiat to our goverment, then want usury. These bonds that government issues, will end up in reserve channels of banks and on the ledger at the FED. All of these instruments collect usury, and the payer of last resort is taxpayer. Taxing the people is then transfering their labor energy to prop up the debt/usury private banking system.
Government is in on the game, as it is easier just to ask a banker to take a bond...there is no need to go directly to taxpayer and make their case.
It would be a simple matter to create a monetary authority, and then issue money that is debt free. This money then must be taxed to keep it circulating. It spins in the money supply settling transactions at zero cost, and can be directed into channels that improve the commons and the general welfare. Monetary authority is under lawful guidance and can gain nothing by issuing money initally into households. In this way, money power is reversed, and given to the people, and government then becomes subservient and has to ask for the people's fiat.
Credit can also be made available to front load the supply chain and to deal with a flexing economy. All economies are S shaped, so the money supply needs to flex in accordance with harvests and seasons, and credit can do that easily. People borrow money from each other, and can borrow sovereign credit to start companies, get through harvest season, etc.
With regards to exchange rates, that is taking an abstraction (money) and trading for an abstraction (foreign money). Trade should really be barter. Keyne's bancor system is really a method of tracking the barter.
So, fix the money system. The real fix is actually lawful fiat and a scientific money system.
By, constantly disparaging fiat, it confuses the minds of the people as to the real fixes that are known to monetary science. All money is really fiat - even commodity money like gold. The question should always be, "Is it lawful and does it take rents?"
Gold and Silver have the stamp of their state...Yes? They are good for settling legal contracts....Yes. Commodity metal money is also fiat.
The real problem is the lawful construction of the money system. Private for profit banking money is a Rent scheme to take from the commons. Money is a commons that we all use. Stealing from the commons in this way funds and creates Oligarchy.
Great comment
I have flashbacks of the Monopoly games we had as yutes in the 70's, where we built unlimited amounts of houses and hotels on the properties, financed by unlimited credit from the bank(because there was'nt enough paper money in the game itself to support this)and kept score in a ledger. The games used to last for days and weeks...sound familiar anyone. ;)
"The Matrix is a system, Neo. That system is our enemy. But when you're inside, you look around, what do you see? Businessmen, teachers, lawyers, carpenters. The very minds of the people we are trying to save. But until we do, these people are still a part of that system and that makes them our enemy. You have to understand, most of these people are not ready to be unplugged. And many of them are so inured, so hopelessly dependent on the system, that they will fight to protect it" -Morpheus
Any human system is NECESSARILY organized lies operating robberies, because human beings operate as entropic pumps of energy. The problems we currently face are that those who were the best at enforcing frauds built the systems that dominate the world now. Their paradoxical problem is that the more successfully they are able to back up lies with violence WITHIN human society, the more criminally insane that society becomes overall, with the result being final failure from too much success.
However, most of the people who are published on Zero Hedge continue to have extremely superficial notions about the possible "solutions" to the problems that our political economy is based on enforced frauds. Money is measurement backed by murder. When the currently established systems drive through their own mad self-destruction, there will be collapses into crazy chaos.
Whatever survives through that will become the seeds of the next systems of organized lies operating robberies. At the present time, those look like they will be quite inferior to the presently established systems, because most of the natural resources of the planet have already been strip-mined, or high-graded to hell. Whatever might be able to survive and emerge through the established systems paradoxical self-destruction, due to their enforced frauds being too successful, for too long, will be some new system, which I expect will probably be worse than the one we have now, because there is practically NO better understanding of the root causes of that problem present in the current public spaces, where the established systems of enforced frauds only significant public opposition continues being controlled opposition groups, who basically have the same bullshit world view as the banksters do.
The movie the Matrix was a great poetic metaphor, but also, because of that, it was wrong in many significant ways. People MUST be attached to some system of organized lies, operating robberies, because that is the ONLY way they can live. Their failure to understand that enables the established systems of enforced frauds to flourish, while the only opposition is controlled to operate within the same bullshit world view, based on false fundamental dichotomies and the related impossible ideals.
Realistic solutions must be better systems of organized crime, operating better death controls, to back up better debt controls. Nothing less than that could work, because money must be measurement backed by murder, due to the basic realities of the human condition. Nothing less than intellectual scientific revolutions applied to political science could cope with the progress made through paradigm shifts in physical sciences. However, the kinds of paradigm shifts we need in the ways that we perceive politics make all previous paradigm shifts in science look like child's play by comparison.
The most important thing that we need are changes in the basic paradigms of militarism, which is the ideology of the murder system. There are no changes which could be made within the monetary system without that to back those up. The currently established systems of enforced frauds have driven debt slavery towards generating numbers which have become debt insanities, which are going to go through a series of psychotic breakdowns, which will provoke matching death insanities.
The only genuinely better resolutions of those future situations must necessarily be the emergence of new systems of death controls, to back up new systems of debt controls. Tragically, at the present time, there are no good grounds to doubt that those systems would end up being worse, rather than better, since practically nobody wants to understand that money is measurement backed by murder.
People on Zero Hedge tend to denounce how bad the enforced frauds are, but never propose any realistically better ways to accomplish the still necessary purposes, which are due to the chronic political problems inherent to the nature of life. Rather, it is most typical to read various sorts of political poetry, which is what the Matrix movies were, using poetic license to distort reality for the sake of telling a good story.
Fleecing all profits then gutting the corpus since August 15 1971
I love the countdown clock for the Northwest Coin Show. http://www.northwestcoinclub.com/NWCC_Money_Show.html When you walk in there for the first time you realize that is something special and these people are serious. It is quite a show and I have spent a great deal of fiats there over the past 15 years. It is the only monetary related place where you don't have to give a lecture about hard money but rather listen and learn. You have to have a name tag but you can put whatever name on it that you want (Joe Blow) and it only has to be a first name and that is it. It is free to get in to the event but that is end of free.
You had better bring cash because they don't accept credit cards. You can trade coins as well. There are no sales taxes charged. No paperwork is done. It is a free market. It is fun even if you can't afford most of the metals. You are not obligated to spend money and you can just go look.
If you can't make this show then find a coin show near you. You will find someone interesting people to talk to and you will find something interesting to see. I see many folks who bring their children with just to show them what money really is. I have done that before but I am buyer/seller so having the kids around can be an issue. I need to look at the coins very carefully. I have several jewelers loupes. Bullion is easy. Numismatics require scrutiny. If you see some asshole inspecting a coin with a jewelers loupe and a KM book that could be me. Why should I pay for a misgraded coin? Most coin dealers won't do that but I still check just in case.
Now that the Democratic Party no longer controls the majority of the Senate, it is looking more possible that a stand alone up or down vote to audit the Federal Reserve Bank could happen in 2015. Senator Rand Paul, R-Kentucky, plans to re-introduce his father’s long fought legislation to have the Government Accountability Office (GAO) audit the decision-making processes of the secretive quasi-federal agency.
http://www.globaldeflationnews.com/rand-paul-takes-up-his-fathers-cause-...
The more attention people pay to the Federal Reserve Board, the worse that institution will look! However, the problems with movements to "End the Fed" are that they can NOT agree regarding what to replace that with.
The Fed exists because the best organized gangsters, the international banksters, were able to apply the methods of organized crime to the political processes. If one fully faces how and why that happened, then there could NOT be any realistic solutions based on going backwards to what the American money supply was originally supposed to be. There ARE now globalized systems of monkey money, backed by apes with atomic bombs.
Auditing the Fed would lead to abolishing it, since the more people paid attention to the Fed, the more they would understand the Fed amounts to a gang of criminals staging a home invasion upon the American people. However, in that context, we are probably looking at an astronomically amplified manifestation of typical human history, which were longer periods of empire, that were relatively stable, but then decayed into briefer periods of chaos, out of which emerged some new empire, which had relatively stability. America looks like it is going to do that too, EXCEPT with globalized consequences, magnified many orders of magnitude by progress in science and technology.
Auditing the Fed would probably be a first step towards abolishing the Fed. However, a second American revolution should be based upon intellectual scientific revolutions, because those are the only ways that we might cope with the ways that the Fed is now the heart of globalized systems of enforced frauds. Basically, as I already stated in another comment above, MONEY IS MEASUREMENT BACKED BY MURDER. The Fed exists due to the ways that governments are the biggest form of organized crime, controlled by the best organized gang of criminals ... The only genuine solutions to the problems driven by the Fed are better organized crime, because those must be better death controls, in order to back up better debt controls.
Most people who begin to understand the Fed still tend to promote superficial reforms, or returning to their preferred sets of impossible ideals, based on false fundamental dichotomies. However, a more scientific solution would take revolutions in the philosophy of science, in order to perhaps cope with the "money" made out of nothing as debts now mostly being electronic, while the threats of force to back that fraud up are weapons of mass destruction.
While I agree that the Fed should be audited, doing so would be a significant step towards the destruction of the Fed, while, at the present time, there is no consensus regarding what to replace the Fed with. The American, and global, political economy has been based on a long history of organized lies operating robberies. The social situation created by the existence of the Fed, and privately controlled banks making the public "money" supply out of nothing as debts generally, has resulted in almost everything that could be robbed already having been robbed.
The vast majority of people have already been robbed blind, for generation after generation, by the powers of "We the People" being used against them, due to the government being controlled by the best organized gangsters, the banksters. That situation is like a family which suffered from a home invasion, where the criminals took control over the family's finances, for generation after generation. Most of the American People grew up inside systems of sophisticated social slavery, and therefore, think like "Uncle Toms," etc. ...
Guys like Rand Paul and Ron Paul promote relatively ridiculous, idealized views of the nature of the problems, and therefore, similarly solutions. They are right, as far as they go, but they do not go remotely far enough! Of course, that is what is the only possible practical politics at the present time, since America has the most developed systems of organized lies operating robberies, which therefore have the most developed systems of being able to deliberately deny and ignore the basic social facts, (as well as all other more significant physical and biological facts, due to being dominated by enforced frauds.)
In that context, I appear to be wasting my time to point out that money is measurement backed by murder, and therefore, to end the Fed requires some new murder system to back up some new money system. Thousands of years of social success based on deceits and frauds has resulted in the established social systems, inside of which there is practically nobody who likes any more radical truths about that!
It was NOT a coincidence that the American Fed and the American income tax, BOTH started in 1913. Demanding that taxes be paid with fiat money is mainly what makes that fraud be enforced. Making "money" out of nothing would be an absurd joke, except when that fraud is enforced by the government. Thus, the established systems are money backed by murder, while the heart of those processes is the funding of politics, which provided the point of maximum leverage to enable the best organized criminals to capture control over the powers of government.
That is what the article above correctly described, but, as usual, did not go nearly far enough through that kind of analysis. In particular, it was mistaken to state: "It was a sad day in the 1970's when the U.S. came under the rule of the money printers ..."
1971 was when the last connection of the American money to gold was cut, which enabled a pure fiat currency to be printed without any limits that connected that fraud to the real world, EXCEPT that the connection between human laws and natural laws is the ability to back up lies with violence. The world of finance based on enforced frauds has become a virtual world, wherein the amounts of "money" made out of nothing to speculate with have become orders of magnitude bigger than everything in the physical world that "money" was originally supposed to represent! In that context, it is extremely difficult to comprehend how criminally insane the runway systems of enforced frauds have become!
Actually, the American public money system has been subverted steadily from when the American democratic republic was started. The original public money supply was supposed to be bimetallic, with the death penalty for anyone that subverted that. However, money backed by gold and silver was quite quickly subverted, until at the present time the word "money" means the opposite to what it used to mean. The word "dollar" was once defined as a precise amount of silver. Now, dollars are nothing but bursts of encoded electricity, that would be practically worthless without the American military and police to provide the power to kill to back up that power to defraud.
The destruction of the America public money supply began before the Federal Reserve Board, when the international banksters' agents were able to bribe Congress enough to demonetize silver. That political process automatically got worse, faster, until the point in 1971 when the American money became a totally MAD Money As Debt system, backed by nothing but the even more MAD Mutual Assured Destruction system. Combined, that means our globalized social pyramid systems have become MAD to the point of almost incomprehensible levels of criminal insanities!
Since the American Dollar is still the global reserve currency, backed by the American Military, that is the greatest single manifestation of the ways that there developed systems of electronic monkey money, backed by apes with atomic bombs. Therefore, our problems are now trillions of times worse than ever before in human history, especially since almost nobody understands that, because they do not want to understand that!
From the article...
"In order to suppress wages, money printers advocate maximum female participation in the workplace,"
Thank you, thank you, thank you. I know many women who wish to work but believe it or not there are still a few of us who want to take care of our families instead of some crappy job at Target. If you need the money by all means you need to work but if your husband earns a good wage and the extra car, the clothes, the day care, the take out meals just cover what you are bringing in then why? Families also need to consider if that second wage will push you into another tax bracket. I am not saying this is for all women. If you have a career that is quite different than a job. To be a stay at home partner you have to be a self starter. You have to treat it as a job. You can learn so much about health, nutrition, money. You can volunteer at school, know all your children's friends, volunteer at community events. It can be a fufilling life. The biggest draw back is people have perceptions about domestic engineers/ chief information officers (my self appointed title.) They tend to think we are either dumb or lazy or both. You won't have a lot of people clamouring at a party to get to know you. People tend not to listen to you. A note to husbands out there- if you don't want your woman to have a moniker like mine (disgruntled housewife) then realize you need to listen to her, share your life with her, and resist the temptations to diminish her efforts when it comes to steering the family safely through life. Make a point to recognize her twice a month- kind of like your paycheck does for you. It doesn't have to be money, or jewelry. A kind word or a long hug with a thank you goes a long way. Somethines what we do at home isn't recognized until it goes undone. Don't crush her spirit.
Rereading my comment I should have said if the paycheck just covers the costs listed why bother- unless of course it serves a need other than financial. I also misspelled sometimes in second to last sentence. I tried to edit but it wouldn't work.
The four stages of female liberation:
(1) Women are not allowed to work.
(2) Women are allowed to work.
(3) Women are required to work.
(4) Women are required to do all the work.
Thie essay isn't as useful as I would have liked, and "Jeff's" explanations aren't as "clear" as Charles says.
For example, I would like to know much more about naked shorting in the commodities markets and how the process works, but "Jeff" doesn't explain. Neither does he explain how printers create debt, specifically, or describe how printers intervene in currency markets.
I know and accept that these happen and I don't question them, but I don't understand how, exactly, these things work and I want to know. "Jeff" doesn't say.
It seems like this essay is just a bullet point summary of what the money printers are doing without explaining how they do it. And that's what I need to know (and I don't).
How does money printing transfer wealth from the bottom to the top? I don't know (but I want to know).
"Jeff" is a bust; Charles should enlist ZHers to explain things, and get rid of "Jeff," I think. I learn far more from the folks here than this pretty vanilla essay and its mediocre author.
Just sayin'...
See this youtube movie, which shows how things really work.
https://www.youtube.com/watch?v=96c2wXcNA7A
Naked Shorting is like borrowing a neighbor's lawnmower without them knowing, and then using it. If you return it in good shape, they never know. In the case of stocks you don't know if somebody "borrowed" yours" to play a short.
So, naked shorting is borrowing something that doesn't exist, then gambling with it, and looking to see which way the gamble goes. Advocates of this method say that it helps make sure there is plenty of what is needed so the market can price things.
Shorting means that you are gambling currency/stocks will go down. So, you take out a loan (create new money) to buy the stock, or foreign currency - then you bet against them. If your item of interest goes down, you get to buy it at the lower price and then pocket the loan difference. Note that one can use dollar loans to short other currencies, so anybody that can create a lot of dollar credit from nothing (bankers and finance) can drive the exchange in the way they want.
This is also called a bear raid when there are exchange rates involved. For example, the Peso or Ruble or what not can be driven down in exchange value just by the act of naked shorting. Usually there is some weakness that is exploited. For example, if Mexico or Argentina got themselves into a lot of dollar debts, and they don't have enough dollars on hand, then bear raiders can naked short and the "country" does not have enough FX to cover their currency. Since they cannot cover their currency exchange value, eventually a break happens, and raider gets to make out like a bandit.
This sort of scheming is not that different from Amersterdamn, when the people from our favorite tribe, would engage and indeed invented this scheme circa 1200.
A MILLION thanks for this information and also the link! Both are very gratefully appreciated!
Let me say one thing. The government we have today cannot exist without the FED. So auditing the Fed will not happen in an honest fasion if ever. Screw the Pauls. Take away the Fed and there aint going to be a US gov. I see no reason to think it could fund even 30% without the Fed. The Pauls know this and have known it for a long time.
The biggest debt junky is the USG. No they wont be killing thier dealer.