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Money is stored labor. Labor is part of human life. To devalue money is to debase life.
THE ORIGINAL 90% SILVER ROMAN DENARIUS
DEBASED TO LESS THAN 5% SILVER - BY 350AD IT WAS WORTHLESS
STEALTHFLATION: An intractable economic condition that inevitably arises as excessively issued fiat based currency compulsively pursues non-productive wealth assets in a grossly over-leveraged economy, which has been artificially reflated by the Central Banking authorities in a misguided attempt to synthetically engineer growth via extreme monetization. (ie: Money Printing & Interest Rate Suppression)
This ill-advised monetary regime effectively prevents the real economy on the ground from realizing the normalization of free market forces necessary for genuine capital formation derived from productive actual earned savings, which is essential to generating legitimate and sustainable economic growth.
Under the imposition of StealthFlation, asset prices are inordinately inflated while the generative velocity of money is extinguished. Worse still, the seeds of hyperinflation are sown, as the compromised overtly financialized economy becomes increasingly dependent upon the interminable monetization.
It’s not about new Stock Market highs, nor the Dollar and U.S. Treasury safe haven
bid. It’s about tomorrow’s confidence in our monetary system……
Are you confident in the malignant malfunctioning monetization?
THEY WILL REFLATE
THERE WON'T BE GROWTH
THERE WILL BE BLOOD
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"...although people elected these governments to do so..."
Really? How many times has your vote counted? Or even been counted? Get real.
Every time. But, there are more morons who will vote for "free government stuff" than there are reasonably intelligent people who understand what "free government stuff" does to the country, voting against it.
Get real.
Oh, and please, PLEASE, do not vote... It doesn't count. Don't do it...
If a debt jubilee forgives or pardons the Bankers that got us here, no dice. They are the whores, they have a price, I don't.
It may not always be a monetary price, but everybody has a price. If you have children that you love dearly, that could very well be your price if somebody wanted to get you to do something.
Most parents will gladly sacrifice other people's freedoms and put on the blinders for sake of their children. But with that, their childrens' children will have even less rights to sacrifice.
short sighted greed, self centered idiots, most humans; reason the constitution was put in place. missing is the enforcement of the checks and balances. sad, they have upsurped the very mechanism to check and balance their behavior(short of violence, which they control). the only alternative is bloody...
Indeed....................Without a shred of doubt...............
Was never a misguided act but a cold calculated action by central banks.
What some would think as stupid / misguided / etc. is not when you redefine the reason for an action being carried out.
e.g. I AM A CENTRAL BANKER, NY ECONOMIC POSITION IS BECOMING PRECARIOUS, WHATEVER CAN I DO?
REFLATE = INFLATE = CTRL-P AS MUCH AS I NEED.
That ordinary people get wiped out did not even cross the mind of a central banker.
It may well be cold and callculated action, as you say, but that doesn't negate the fact that it's misguided..........
Same as it ever was...................
There are other ways life is devalued:
http://wattsupwiththat.com/2015/03/07/silencing-skeptics-financing-alarmists/
So, dizzyfingers, more research is what you're suggesting, but it must go to the "these are scientists that can't be questioned - Inhofe" like Dr. Soon.
There may or may not be problems with the funding of the UN etc. I'm not convinced there is too much trouble in this case because the research is coming in from science academies large and small from around the world. But I do think there are issues that should be discussed. Transperancy, the more the better.
Yeah, a meelion bucks over ten years ain't much, but if he had anything more worthwhile to say, I think it's pretty safe to bet he would have research money coming at him by the tanker load. The reason he/they don't get more money is 1) because there's not much there scientifically-wise and 2) it only takes a little money to keep the skepticism alive so that douchebags like the blogger in your WUWT link above can lead idiots like us around by the nose.
No action, moar research! LULZZZZZZZ
"the biggest scientific assessment in the whole history of scientific disciplines ever... most solid evidence you can get in any scientific disciplines..."
Dr. Michelle Jarraud, SecGen, World Meteorological Organization, co-sponsor of IPCC. 31MAR14. Scientist by trade.
https://www.youtube.com/watch?v=bZONwnqWFe8&feature=player_embedded#t=619
The debate is over....
Yeah, Oldwood.
Looks like US senator Inhofe is the only one that didn't get the memo ; )
True, but none greater than the dispicable deliberate devaluation of your labor..........
Bruno-thank you for stating my whole being of life! my time on earth is spent to minalmize labor for other humans. i had a business, but shut it down due to amt. of time to chase the dolla. now i spend less and get moar time to enjoy the real things that money can't buy. minimalism, by choice, not spending less to pay bills. funny how it works, but the majority make this possible and very rewarding as they pay the majority of taxes and set the standards(work week, mpg, ect.). take the money and get even moar efficient with all that time not working for some greedy slob, ha, laughing to my grave, whilst the majority work themselves to an early grave...
Happiness...contentment...the meaning of life. Why is it that through our massive "progress" we seem further away than we ever have been? Minimalism for the sake of it may or may not be the answer, but we do know that consumerism, materialism is no more the answer than jihadism. As long as our peace, our happiness, our "success" can only come through the loss of it for others....we are all fucked.
oldwood, minimalism is the vehicle to achieve the goal. not understanding that misses the whole point. and that is fine, because i am happy most people don't. i don't like competetion for my lifestyle and I am assured trinket drive humans will never understand...
less is moar!
To devalue money is to debase life. About as vile a thing as can be.
To be fair though, if you spend your life watching TV 30 hours per week, slobbering over some ethnic millionaires playing a children's game, and plying some low-grade post-wall Amerislut with watery beer with the vague goal of dumping a listless fuck in her distended, mottled pussy, can your life really be any more debased?
RafterManFMJ...you make me feel really bad. See I gave my TV to Goodwill about 12 years ago, and cut the cable too. So some poor slob with no self control is ruining his/her eyes watching nothing of value to add to their lives. I feel just terrible.
Ha ha ha. Truth. Makes me want to kill myself after putting it that way.
Whoa... I believe you were supposed to have taken the blue pills this morning, not the red ones.
I agree with the life-wasting TV watching hypnosis that many are under. But the condemnation of sex with women? Straight and lesbian. Come on...
No; the condemnation of pursuing the typical cock carosel-riding, late thirties sloot looking to marry some dumbass Beta before she impacts the wall like a grasshopper into a truck windshield.
This, I condemn.
I've noticed that ever since negroes started moving to Australia, they have taken up the role of providing the betas for that class of white women. The Chinese women are ferociously pursuing White men with any gumption.
I've been very lucky to find a good white woman but I would strongly encourage others less fortunate to go Chinese. Let the negroes have those orcish beasts you're talking about. It's a match made in heaven...
lol. Reading Poe lately, or just Silvia Plath?
Dude you really need to chill!
.
The bankerz see each of us as a "battery" to be drained into their coffers with the aid of the state.
NOTHING for ouselves or our families-that would represent failure to them
"Money is stored labor. Labor is part of human life. To devalue money is to debase life." That is one of my all-time favorite quotes. To whom do I attribute it to? Bruno de Landevoisin?
money is time, which we are all running out of...
This is a great overview of the mess we're in for anyone who is interested. Its a good introduction as well. Starts off a bit slow but it makes some great points, many we all know, but some are new.
http://www.debtcrash.report/entry/history-and-introduction
Just wait until the world figures out that the US dollar cash float abroad is likely an order of magnitude more than any official number.
Where do you think all the “money” to pay the dictators, insurgents, terrorists, operatives and foreign lackeys comes from?
Crap, we were flying C-130’s full of Benjamin’s to Iraq bceause we felt we needed to create the Century of Arab discontent.
The power of the printing press IMHO is the greatest evil imposed by man. It is the funding source for wars (how many people have died at the hand of US arrogance?), it provides a means for the ruling elite to enrich their cronies and robs the most vulnerable in society (the young, the old, and the poor) its buying power thru rises in prices. The faster the printing press prints the more corrupt the government.
How many warsust be financed through debt before this whole system collapses?
...likely an order of magnitude more than any official number.
Don't forget all the money printed by the CIA from those 100 dollar plates they stole.
Ha! Ha! Just kidding; the CIA wouldn't do something illegal like that.
Heck no problem - my guess is all that cash got plowed back into condos in Miami. I just checked and there are 3000 units for sale now - at $1 million apiece that will take $3B of that loose change out of circulation and help get that velocity of money back down.
Bullish!!
no pushing in line back there...
But wait a minute. If you buy a million dollar condo in Miami and you pay cash, then where does that cash go? Into the economy I think. No?
wrong, most likely the seller goes on a spending spree, i would, ha - travel to euro on the cheap...
hookers, blow, and a new boat...
pay off a mortgae and downsize...
but none the less selling r.e. usually unleashs moar spending...
I wonder how you explain all the wars and deaths prior to the printing press? Wars in ancient times were funded without a printing press. Keep in mind I am not saying that the printing press is not a problem. I am saying that it is not the source, otherwise you wouldn't have debt financed wars prior to the printing press in the past. But somehow it happened.
And while I won't argue that the ruling elite often become corrupt, if you should be lucky enough to become super wealthy, should we demonize you?
And I guess you missed the memo. We are in a deflationary phase. That also means a lower standard of living for the young, old and the poor.
Your premise that ther faster the printing press prints the more the corrupt the government is backwards. It is the more corrupt the government, the more the printing press prints.
What you call the "printing press" produces credit based currency. Besides impoverishing nations by turning them into debt slaves, it has dramatically increased the scale of war. I doubt few past wars cost the belligerents as much in terms of percentage of GDP as those we have seen since the widespread use of credit based money and central banking.
Credit based currency allows belligerents to have wars beyond their means.
I think the point is well made as to how we paid for war before the printing press. The coin in the giant photo and the caption tells the tale pretty well IMHO.
In the past wars could only be fought if the funds were available to pay the army, build the ships and buy the weapons. A government had the funds, had to tax its populace or borrow the money needed. Wars neded when treasuries were empty - or not fought for the same reason. Armies do not fight - or turn on their kings and emperors when not paid.
The LACK of funding most assuredly DID PREVENT WARS and LIMIT the ones that were fought. The War of 1812 is a classic example. The War was unpopular among many Americans and Congress was hamstrung by its inability to pay for a larger Army and Navy to fight the British. The British meanwhile were stretched thin in fighting Napoleon, having exhausted their treasury on that effort (borrowing money to continue the fight).
Even WWII was affected by the limits to funding - the US was running short of funds in 1945 - War Bond sales were declining and there was a real concern on the monetary cost of invading Japan (not just the expected human cost in lives lost). Ther was not much more money that could be extracted from the American public at that point. Meanwhile, Britain was broke after 5 years of war.
The War in Iraq would not have been fought if the American people had to pay the cost in CURRENT terms via increased taxes. The American public would not have tolerated the cost. Instead we were sold the lie that it would 'pay for itself' while instead it has cost TRILLIONS and hastened the collapse of the American Empire.
Excepting nuclear war, which has already been paid for, even with the printing presses, another major war (i.e. not sending in a SEAL team to act as forward spotters to drop a couple hundred bombs on some cave dwellers, but a real, full throated war) would probably collapse the dollar, limiting our ability to wage war. This is simply because you have to throw physical resources at a war, and the more the currency is debased, the less access we will have to those physical resources. The Romans debased the shit out of their currency on top of taxes, and continued to wage war for quite a while, until the Western Roman Empire collapsed, and then the Western Empire could no longer wage war. They largely used physical coin. Byzintine ran into some trouble waging war too, though at one point, that was because of plague.
The point here is that you need to command the physical resources to wage the war. If the printing presses give you that command, then you can wage war. If your military can guarantee that your currency is the currency de jour, then you can wage war. If you use physical coins, but can get away with debasing them, you can wage war. If the spoils of conquering a new territory are greater than the cost of the war, you can wage war. But overextending yourself means that one way or another, you will collapse. It can be a violent collapse, like the Western Romans, or it can be a gentle collapse, like the British Empire drastically shrinking in size. Printing presses or no, the USA is not immune to this. The printing that happened because of the Great Society and Vietnam gave us just a brief taste of this. Next time around, it won't be brief and it will be more than just a taste.
I get what your saying, and it seems to make sense. But how does this scenario play out when people say ' the dollar is backed by the military'?
So..is that not true? Is the dollar backed by military?..or military backed by the dollar?.. I don't see how it can be both.
Go..
until china and russia flip the table and so fuck you.
west is lossing ground at an alrming rate.
the debt financed system of violence will come to a violent end...
Wars were funded through various processes in ancient times. Sometimes it was debasing the physical coin. Sometimes they were funded though the spoils gained from newly conquered territory. You'll probably be able to find examples where a military was built up because a country/empire/city-state hit a rich vein of new gold or silver. You'll probably be able to find a whole plethora of ways in which wars were funded.
In the middle ages wars were fought and adversaries when captured were ransomed, rather than killed.
it's always been about the money.
Methinks you are forgetting about some cultures... a culture or two had a big thing about wearing towels on their heads. One of their early leaders wrote a book, put a lot of crazy things in it, and forced his followers to obey it. Following generations were taught to obey this book. And one of the things that this book told them to do, was to kill their enemies, instead of capturing or ransoming them.
"Lucky enough to become super wealthy" You mean lucky enough to become wealthy so you have money to lobby congress to become super wealthy.
Lucky? Did you mean cunning or stealthy? As in being a great thief? Because thats what it takes to become super wealthy. Luck has nothing to do with it. So fuck off sesspool
no luck involved. sociopathic and willing to not have a life are the trademarks.
divorces, running with head cut off, meetings, airports, wine parties with simular looser fucks, other people driving your car, maids, housekeepers, gardeners and the lot of beaners.
is that what you want? fuck that...pinky in the air sipping the finest?! cool dude, ha
i'll do it myself, happily low middle king but living w/o all the fucking posh b/s...
take your beamer and drive it up your fucking ass...