Globalisation debt & banking
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Globalisation debt & banking
I didn't want to spoil the thread that this came from [Qantas post August 24], I feel this is too important to be left to fall into a black hole of so I started a new one. If this is of no interest, stop reading right here.
Watch the full 6 episodes in this automagic playlist (1 hour in total): Debunking Money by Damon Vrabel. Question oicur, Does this challenge your view that there is no "aim" to globalisation.
The fundamental "flaw" (from 99.9% of the populations perspective) in our current monetary system is that Money Is Debt, and as such those that can issue money & credit (0.1%) control the entire game.
The post-GFC outcomes have demonstrated just the opposite, I believe that their position has been enormously strengthened, they have further increased their grip over the lives of the other 99.9% of the population. The west is heading for a period of fascism & global capital controls. Read the Carmen Reinhart IMF paper on financial repression to see where we are heading: PRIMER or the FULL (Liquidation of Government debt) paper. This page breaks it down: Financial repression a sheep shearing instruction manual.
This is a continence of a centuries old play & will take revolution to destroy their power.
Originally Posted by breakfastburrito (post #57)
Globalisation has been sold to the west as a way of getting "cheap stuff" from the third world. A secondary meme that has been perpetuated is that the only way we can improve the lot of the poor in the third world is to "engage" them through trade so we can have an influence to pull up their working conditions & pay. This was merely a Trojan horse, when in fact, the aim of globalisation has been to export the third world terms and conditions to the west. If you want proof positive, re-read post #54.
Originally Posted by oicur12.again (post #59)
There is no "aim" of globalization. Globalization is the natural evolution of a market place changing as new entrants gain influence and compete with the traditional power bases of the west. The last 30 years have seen changes to the control of global capital that have made it much easier to flow to nations with lower labor costs such as india and china. To think that investors would restrict this flow of capital to simply keep western employees happy is fanciful thinking.
The fundamental "flaw" (from 99.9% of the populations perspective) in our current monetary system is that Money Is Debt, and as such those that can issue money & credit (0.1%) control the entire game.
Originally Posted by oicur12.again (post #59)
The banksters on Long Island are under threat.
This is a continence of a centuries old play & will take revolution to destroy their power.
“Banking was conceived in iniquity and was born in sin. The Bankers own the earth. Take it away from them, but leave them the power to create deposits, and with the flick of the pen they will create enough deposits to buy it back again. However, take it away from them, and all the great fortunes like mine will disappear, and they ought to disappear, for this would be a happier and better world to live in. But, if you wish to remain the slaves of Bankers and pay the cost of your own slavery, let them continue to create deposits.”
Sir Josiah Stamp (1880-1941), President of the Bank of England in the 1920′s, the second richest man in Britain
Sir Josiah Stamp (1880-1941), President of the Bank of England in the 1920′s, the second richest man in Britain
Last edited by breakfastburrito; 7th Jul 2011 at 01:20. Reason: links
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Good video's Trojan. He (John Perkins) wrote the famous book
. I haven't read this (its on my long list), but I have read his sequel
. Both these books are available on amazon second hand for a modest price + shipping. Much insight will be gained by learning first hand from a Jackal how ruthlessly efficient the global exploitation machine is.
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Monsters Of Jekyll Island
B.Burrito..agree with everything you say
The above title illustrates how the American Banking system was sold to private interests.The Fed is run by privateers and the Queen sits on the board.Greenspan was knighted for services to the crown.Googling will give you a broader picture of this enormous con.No one has been conned more than the American public and we are heading down the same path
The above title illustrates how the American Banking system was sold to private interests.The Fed is run by privateers and the Queen sits on the board.Greenspan was knighted for services to the crown.Googling will give you a broader picture of this enormous con.No one has been conned more than the American public and we are heading down the same path
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I had actually heard of this globalisation game from another person who is very high up in corporate world in Australia, and the John Perkins book actually confirmed my suspicions about what was going on. If you don't like to read just Youtube John Perkins and he has numerous interviews.
In light of that book I am of the opinion that a Carbon Tax will be how these guys destroy Australia because of the multiplier affect it has. Similarly I am also very suspicious of Bob Brown and Malcolm Turnbull given they are very pro UN, carbon tax, global agenda etc. Bob Brown always bangs on about being against multinational companies however he is a globalist and will sign over Australia's sovereignty in a heartbeat.
In light of that book I am of the opinion that a Carbon Tax will be how these guys destroy Australia because of the multiplier affect it has. Similarly I am also very suspicious of Bob Brown and Malcolm Turnbull given they are very pro UN, carbon tax, global agenda etc. Bob Brown always bangs on about being against multinational companies however he is a globalist and will sign over Australia's sovereignty in a heartbeat.
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GA Trojan, in that case you may be very interested in The Report from Iron Mountain from the 60's.
edit 8th Jul 2011: please disregard the following as it is just a distraction
Further you may be interested in John Holdren, advisor to Obama. He wrote a book in the 70 .
From Holdrens wikipedia page:
The complete book is available on for reading free online:Ecoscience: Population, Resources, Environment
edit 8th Jul 2011: please disregard the following as it is just a distraction
Further you may be interested in John Holdren, advisor to Obama. He wrote a book in the 70 .
From Holdrens wikipedia page:
In 1977, Paul R. Ehrlich, Anne H. Ehrlich, and Holdren co-authored the textbook Ecoscience: Population, Resources, Environment; they discussed the possible role of a wide variety of solutions to overpopulation, from voluntary family planning to enforced population controls, including forced sterilization for women after they gave birth to a designated number of children, and recommended "the use of milder methods of influencing family size preferences" such as access to birth control and abortion.[12][23]
Last edited by breakfastburrito; 7th Jul 2011 at 23:35.
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Trying to decide whether this thread is one giant conspiracy theory, or a local chapter meeting of "Xenophobes Anonymous".
Just because Holdren "discussed" something nearly 40 years ago, doesn't mean he still thinks it is appropriate today, nor does "discussing" something even lead to the conclusion he thought it should be done back then. Sheesh, if was held to task for everything I said or thought in the 70s, well I'd be in an awful lot of trouble I can assure you.
I don't disagree that Joyce is wrecking Qantas and the move to offshoring labour is a worrying trend, but come on now...........Fascism? Seriously? 
Just because Holdren "discussed" something nearly 40 years ago, doesn't mean he still thinks it is appropriate today, nor does "discussing" something even lead to the conclusion he thought it should be done back then. Sheesh, if was held to task for everything I said or thought in the 70s, well I'd be in an awful lot of trouble I can assure you.
The west is heading for a period of fascism & global capital controls.
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Dutchroll, Holdren does not back away from those views even today.
Fascism? Take an hour to watch the video link I posted above (Debunking Money by Damon Vrabel), and decide for yourself. I would challenge anyone to look at these links, do their own due dilligance and try to disprove it to themselves, that is the perspective that I use.
Study the history, look at the evidence, critically test what is posted & what you read, then decide for yourself. You may decide I correct or a raving lunatic, your choice, but if you have at least considered the these possibilities with a critical eye and considered an alternative point of view - an informed view. Did you look at any of the links or have you read any of the books?
There is the possibility that the world, as projected to you is not all that it seems.
Fascism? Take an hour to watch the video link I posted above (Debunking Money by Damon Vrabel), and decide for yourself. I would challenge anyone to look at these links, do their own due dilligance and try to disprove it to themselves, that is the perspective that I use.
Study the history, look at the evidence, critically test what is posted & what you read, then decide for yourself. You may decide I correct or a raving lunatic, your choice, but if you have at least considered the these possibilities with a critical eye and considered an alternative point of view - an informed view. Did you look at any of the links or have you read any of the books?
There is the possibility that the world, as projected to you is not all that it seems.
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BB,
You will likely lose a few here as the complete fraud has not manifested itself.
The myth is supported by fractional reserve banking
Fiat currency
A demographic induced property surge, aided by tax system.
The real wage stopped increasing in 1971 in the US, the property myth focused attention elsewhere. Now the bubble has burst, the jig is almost up....
You will likely lose a few here as the complete fraud has not manifested itself.
The myth is supported by fractional reserve banking
Fiat currency
A demographic induced property surge, aided by tax system.
The real wage stopped increasing in 1971 in the US, the property myth focused attention elsewhere. Now the bubble has burst, the jig is almost up....
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When asked whether Mr. Holdren's thoughts on population control have changed over the years, his staff gave The Washington Times a statement that said, "This material is from a three-decade-old, three-author college textbook. Dr. Holdren addressed this issue during his confirmation when he said he does not believe that determining optimal population is a proper role of government. Dr. Holdren is not and never has been an advocate for policies of forced sterilization."
...
The White House also passed along a statement from the Ehrlichs that said, in part, "anybody who actually wants to know what we and/or Professor Holdren believe and recommend about these matters would presumably read some of the dozens of publications that we and he separately have produced in more recent times, rather than going back a third of a century to find some formulations in an encyclopedic textbook where description can be misrepresented as endorsement."
...
The White House also passed along a statement from the Ehrlichs that said, in part, "anybody who actually wants to know what we and/or Professor Holdren believe and recommend about these matters would presumably read some of the dozens of publications that we and he separately have produced in more recent times, rather than going back a third of a century to find some formulations in an encyclopedic textbook where description can be misrepresented as endorsement."
I'm not sure where you get the information that Holdren hasn't backed away from these views or ever really endorsed them in the first place, BB. If you ignore the predominantly conspiracy-orientated blogs which keep harping on about the 1977 article, the only information I can find on it anywhere post-1977 directly contradicts that allegation.
No, I don't think you're a raving lunatic BB. "Fascist" is a pretty strong word which describes a highly extremist/radical type of political belief which is relatively uncommon in democratic countries (and even many non-democratic ones), but I think it, together with its companion word "nazi" (I know they're not the same thing), gets thrown around with a little too much gay abandon sometimes.
The political and economic wheel goes round and round while we do our best to survive within it, but we're not heading for true fascism any time soon. As I said, I'm no fan of Joyce and the way he does things (I can think of many not very flattering words to describe him), nor am I a fan of some types of big business and the way they operate, but again.....fascism? I don't think so!
One thing I could believe however, is that we're entering a new era of people thinking there is a global conspiracy round every corner. Maybe it's something in the drinking water.
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Dutchroll, Yep, I'll concede that bringing Holdren into the argument was an unnecessary distraction, it just diverts from the main message. I will edit the post above to reflect that, but I won't remove it to preserve it for posterity.
Fascism is the melding of business & government as one, a totalitarian control mechanism over the populous. The question I would ask you why it cannot occur in the west? I am not suggesting we will wake up next week or next year in a totalitarian state, but there has been a clear trend for at least a decade towards incremental control of the population by the government. Are there more or less restrictions on you now compared to say 2000?
If you look at the history of the Germany from WWI, it was the financial debts & reparations to the allies under the Treaty of Versailles (later managed by the the BIS) that effectively destroyed the German economy in 1922-3 with the hyperinflation. This is what led to almost the entire population becoming destitute in only a few months. (Note, the industrialists made off like bandits). This effectively sowed the seeds for the ultra-nationalism & culminated in WWII.
You may think its all "conspiracy theory" jumping at shadows, but here as some facts:
Explain how the maths of this graph is going to work (source:Sultans of Swap)
In the end, as the fiat system implodes due to the exponential increase in unpayable interest, the meltdown in the economic system will prime the system for total government & business control, ie fascism.
Fascism is the melding of business & government as one, a totalitarian control mechanism over the populous. The question I would ask you why it cannot occur in the west? I am not suggesting we will wake up next week or next year in a totalitarian state, but there has been a clear trend for at least a decade towards incremental control of the population by the government. Are there more or less restrictions on you now compared to say 2000?
If you look at the history of the Germany from WWI, it was the financial debts & reparations to the allies under the Treaty of Versailles (later managed by the the BIS) that effectively destroyed the German economy in 1922-3 with the hyperinflation. This is what led to almost the entire population becoming destitute in only a few months. (Note, the industrialists made off like bandits). This effectively sowed the seeds for the ultra-nationalism & culminated in WWII.
You may think its all "conspiracy theory" jumping at shadows, but here as some facts:
- Fiat Currency (paper & credit money) is created out of thin air (loaned into existence). The backing to this is the obligation to pay back the principle plus interest. It is the plus interest that mathematically ensures the system will end, as the it is compounding, or an exponential increase that becomes unpayable.
- Fractional Reserve Banking - Credit money is again created out of thin air by the banks, see the problem above.
- The Federal Reserve (The FED) is a PRIVATE bank. (Federal Reserve Directors: A Study of Corporate and Banking Influence. Staff Report,Committee on Banking,Currency and Housing, House of Representatives, 94th Congress, 2nd Session, August 1976.) and issues the global reserve currency.
- There is no backing to the global reserve currency. Gold backing was removed by Nixon on Aug 15 1971. The only thing backing the USD is the "Full Faith & Credit" of the US - in essence its military might.
- The FED is part of the global banking cartel, managed by the BIS (remember those war reparations). Almost every major country is part of the cartel. Countries who's central banks were not aligned with the BIS were Iraq under Sadam Hussein, Libya (One of the first acts of the rebels was to set up a central bank) & Iran. Notice that they are all significant oil exporters with independent central bank. Interesting how they are all of military interest to the US.
Explain how the maths of this graph is going to work (source:Sultans of Swap)
In the end, as the fiat system implodes due to the exponential increase in unpayable interest, the meltdown in the economic system will prime the system for total government & business control, ie fascism.
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Greenspan's bubbles
A talk on Alan Greenspan by Frederick Sheehan. Chairman Greenspan: A Fiat Mind for a Fiat Age. (31 min in total). An excellent economic history lesson from the 50's forward. It explains exactly how we arrived at todays problems.
Single download mp3 or in 3 parts on youtube:
Single download mp3 or in 3 parts on youtube:
“Question oicur, Does this challenge your view that there is no "aim" to globalisation.”
Interesting to watch and worthy of several comments.
Globalization provides enormous benefits to those pulling the levers – multinationals and corporatocracies now have access to labor rates unheard of only several decades ago and access to emerging markets that were once closed economies. Low wage third world labor is providing pressure to wages in developed countries and enabling reductions in production costs at home.
A globalised market place is like clover to a multinational CEO but I still assert that this is NOT the result of some overlord’s well-executed master plan. My opinion only.
On to more important things.
“The post-GFC outcomes have demonstrated just the opposite, I believe that their position has been enormously strengthened…..”
I agree with this statement . . . sort of. My comment on the previous thread was not intended to imply that I was concerned for Ferrari dealers in the Hamptons. The banksters have probably strengthened their grip on the “US monetary system”, a term Vrabel refers to in part two of the YouTube.
But they are also well aware that the “global monetary system” is rapidly changing and that the western banking system will have drastically reduced influence over the global economy in the coming decades. In fact, it could be argued that the GFC was one of several last ditch efforts by wall street to shift wealth to the asset classes before it becomes increasingly difficult.
Western power is tied directly to the greenback status quo of hegemony. Any change to this will hugely impact western central banking and indeed the western way of life, especially obviously in the US. Any person, country or mechanism that impacts on this status quo will be dealt with swiftly by western forces, politically, financially and militarily.
Venezuela, Iraq, Libya, Egypt, Iran, China are just some examples of where conflict has or will become more to do with efforts to prevent the emergence of a new global economic world order and much less to do with communism. Excuse me, terrorism. A big factor at play being sovereign wealth fund oil producing nations in the middle east and Africa driving change to the way oil is traded (oil bourses) and the currency in which it is traded (eg Gold Dinar).
Confessions . . . by Perkins is a brilliant book at illustrating exactly my point. He was utilized by the western banking elite to prevent or disrupt the emergence of banking and economic systems that could provide an alternative model to the western economic model of “its our way or the highway”. Morales, Castro, Terios, Gaddafi, Hussein are a few examples of leaders who have learnt the hard way just how scared the banksters on Long Island are that the world will discover the US economy is built largely from air.
Interesting to watch and worthy of several comments.
Globalization provides enormous benefits to those pulling the levers – multinationals and corporatocracies now have access to labor rates unheard of only several decades ago and access to emerging markets that were once closed economies. Low wage third world labor is providing pressure to wages in developed countries and enabling reductions in production costs at home.
A globalised market place is like clover to a multinational CEO but I still assert that this is NOT the result of some overlord’s well-executed master plan. My opinion only.
On to more important things.
“The post-GFC outcomes have demonstrated just the opposite, I believe that their position has been enormously strengthened…..”
I agree with this statement . . . sort of. My comment on the previous thread was not intended to imply that I was concerned for Ferrari dealers in the Hamptons. The banksters have probably strengthened their grip on the “US monetary system”, a term Vrabel refers to in part two of the YouTube.
But they are also well aware that the “global monetary system” is rapidly changing and that the western banking system will have drastically reduced influence over the global economy in the coming decades. In fact, it could be argued that the GFC was one of several last ditch efforts by wall street to shift wealth to the asset classes before it becomes increasingly difficult.
Western power is tied directly to the greenback status quo of hegemony. Any change to this will hugely impact western central banking and indeed the western way of life, especially obviously in the US. Any person, country or mechanism that impacts on this status quo will be dealt with swiftly by western forces, politically, financially and militarily.
Venezuela, Iraq, Libya, Egypt, Iran, China are just some examples of where conflict has or will become more to do with efforts to prevent the emergence of a new global economic world order and much less to do with communism. Excuse me, terrorism. A big factor at play being sovereign wealth fund oil producing nations in the middle east and Africa driving change to the way oil is traded (oil bourses) and the currency in which it is traded (eg Gold Dinar).
Confessions . . . by Perkins is a brilliant book at illustrating exactly my point. He was utilized by the western banking elite to prevent or disrupt the emergence of banking and economic systems that could provide an alternative model to the western economic model of “its our way or the highway”. Morales, Castro, Terios, Gaddafi, Hussein are a few examples of leaders who have learnt the hard way just how scared the banksters on Long Island are that the world will discover the US economy is built largely from air.
Last edited by oicur12.again; 8th Jul 2011 at 04:00.
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Excellent post oicur. I suspect we agree on a lot more than we disagree.
I read an (old) but excellent article covering this point, from the Chinese & Russian perspective that may interest you:
Jan 27, 2010 11:23 PM
Without exception every financial writer has completely missed the point in the ongoing speculation as to whether or not the US dollar will be replaced or not as the worlds reserve currency.
It will. Here’s why.
China and Russia must work together to topple the American dollar as the world’s reserve currency. They simply don’t have any other option. It’s declare financial war on the US dollar or accept military conquest and slavery.
Suppose Russia had built up dozens of military bases in Canada and that China had built up dozens of military bases in Mexico and suppose that the US Government was making it all possible by loaning those two governments endless billions and rolling over their debt on an ongoing basis even though both were defaulting by cranking ever more IOUs like Bernie Madeoff on crystal meth. If that were the case every last American talking head would be foaming at the mouth and demanding that this lunacy be stopped at once. “Why are we feeding divisions of Chinese infantry just south of the Rio and why are we buying the gasoline for the thousands of Russian tanks just on the other side of the Great lakes?”
Do you understand what I’m driving at now? What I’ve just described above is exactly the quandary the Russians and Chinese find themselves in right now because we have surrounded them with an ever expanding super cluster of military bases while we foment subversion within their countries and prop up hostile puppet regimes on their borders.
How did we arrive at this horrid state of affairs? Let’s take a quick trip back to the end of World War Two in 1945. Every major nation except the USA had been bombed nearly back to the stone age and/or bled white. The only money accepted for trade between nations was the Almighty US Dollar. Not only that, but the USA was the only nation that at that time could offer vast quantities of capital goods of all sorts and they were usually the finest on the entire planet to boot. We lived in the best of all possible economic worlds. All the money we sent overseas was either returned to us to buy capital goods necessary for these shattered nations to rebuild themselves or it just circulated overseas to finance trade among foreign nations in which case we had a sort of credit card with no limit and no requirement to pay down either the principal or the interest.
No lets fast forward and take a cold, sober look at how things changed. Starting in the Seventies we increasingly stopped making things while the foreigners were increasingly making capital goods and consumer goods that were comparable to ours in both quantity and quality. American factory workers started to loose their good paying jobs but the Wall Street financial types were still on a roll because the dollar was still the coin of the global realm.
Then about the late Nineties things started to change. In late December 1999 one Euro was worth about one USD. Now, ten years later, one Euro is worth $1.40. In 1999 Putin clawed his way to the top of the heap in Russia after their bond default in 1998. Since then he has run the worst of the looting buzzards clean out of the country. Most flapped their greasy wings and found new roosts in London or America where the pickings are still easy. And of course by that time China was the supplier of cheap consumer goods to America putting and end to all the light manufacturing jobs in America. In 1996 Russia and China decided they had had a belly full of American Imperium and founded a political/economic/military alliance which is now known as the Shanghai Cooperation Organization, the SCO.
Name one (non-military) capital good or valuable commodity that can only be purchased in America and not elsewhere. There isn’t a single one. Whether you’re talking machine tools or computers or bulldozers or medical equipment or locomotives or chemicals - all of these can be had from sources outside the USA and of at least equal quality. In 1945 the picture of the USA was huge eagle perched on the top of the globe. Today were more like Wiley Coyote who has just run himself off a cliff and is momentarily suspended in mid air just before the inevitable fall.
About the sole potential foreign exchange earner of consequence we have left is our agriculture production and if we export that (which we will) we’ll have famine here and non-stop food riots that will morph into a civil war that will depopulate the entire North American continent by at least 50%.
Don’t believe me? Suit yourself. Two years ago who would have believed that we’d be in a depression two years down the road. That was Black Swan Number One. His big brother is Black Swan Number Two and he makes his kid brother look like a tweety bird because he brings a famine that will culminate in a 3,000 mile long cannibal civil war. Black Swan Number Three is WWIII war with Russia and China to distract the remaining peasants so they won’t storm the Wall Street castle and march all the Lords to the Guillotine.
May the Cyclops eat you next to Last
Attila the Wimp
Military Power - Not Gold or the USD or the Renminbi - is the Real Coin of the Global Realm
Western power is tied directly to the greenback status quo of hegemony
Military Power - Not Gold or the USD or the Renminbi - is the Real Coin of the Global Realm
Jan 27, 2010 11:23 PM
Without exception every financial writer has completely missed the point in the ongoing speculation as to whether or not the US dollar will be replaced or not as the worlds reserve currency.
It will. Here’s why.
China and Russia must work together to topple the American dollar as the world’s reserve currency. They simply don’t have any other option. It’s declare financial war on the US dollar or accept military conquest and slavery.
Suppose Russia had built up dozens of military bases in Canada and that China had built up dozens of military bases in Mexico and suppose that the US Government was making it all possible by loaning those two governments endless billions and rolling over their debt on an ongoing basis even though both were defaulting by cranking ever more IOUs like Bernie Madeoff on crystal meth. If that were the case every last American talking head would be foaming at the mouth and demanding that this lunacy be stopped at once. “Why are we feeding divisions of Chinese infantry just south of the Rio and why are we buying the gasoline for the thousands of Russian tanks just on the other side of the Great lakes?”
Do you understand what I’m driving at now? What I’ve just described above is exactly the quandary the Russians and Chinese find themselves in right now because we have surrounded them with an ever expanding super cluster of military bases while we foment subversion within their countries and prop up hostile puppet regimes on their borders.
How did we arrive at this horrid state of affairs? Let’s take a quick trip back to the end of World War Two in 1945. Every major nation except the USA had been bombed nearly back to the stone age and/or bled white. The only money accepted for trade between nations was the Almighty US Dollar. Not only that, but the USA was the only nation that at that time could offer vast quantities of capital goods of all sorts and they were usually the finest on the entire planet to boot. We lived in the best of all possible economic worlds. All the money we sent overseas was either returned to us to buy capital goods necessary for these shattered nations to rebuild themselves or it just circulated overseas to finance trade among foreign nations in which case we had a sort of credit card with no limit and no requirement to pay down either the principal or the interest.
No lets fast forward and take a cold, sober look at how things changed. Starting in the Seventies we increasingly stopped making things while the foreigners were increasingly making capital goods and consumer goods that were comparable to ours in both quantity and quality. American factory workers started to loose their good paying jobs but the Wall Street financial types were still on a roll because the dollar was still the coin of the global realm.
Then about the late Nineties things started to change. In late December 1999 one Euro was worth about one USD. Now, ten years later, one Euro is worth $1.40. In 1999 Putin clawed his way to the top of the heap in Russia after their bond default in 1998. Since then he has run the worst of the looting buzzards clean out of the country. Most flapped their greasy wings and found new roosts in London or America where the pickings are still easy. And of course by that time China was the supplier of cheap consumer goods to America putting and end to all the light manufacturing jobs in America. In 1996 Russia and China decided they had had a belly full of American Imperium and founded a political/economic/military alliance which is now known as the Shanghai Cooperation Organization, the SCO.
Name one (non-military) capital good or valuable commodity that can only be purchased in America and not elsewhere. There isn’t a single one. Whether you’re talking machine tools or computers or bulldozers or medical equipment or locomotives or chemicals - all of these can be had from sources outside the USA and of at least equal quality. In 1945 the picture of the USA was huge eagle perched on the top of the globe. Today were more like Wiley Coyote who has just run himself off a cliff and is momentarily suspended in mid air just before the inevitable fall.
About the sole potential foreign exchange earner of consequence we have left is our agriculture production and if we export that (which we will) we’ll have famine here and non-stop food riots that will morph into a civil war that will depopulate the entire North American continent by at least 50%.
Don’t believe me? Suit yourself. Two years ago who would have believed that we’d be in a depression two years down the road. That was Black Swan Number One. His big brother is Black Swan Number Two and he makes his kid brother look like a tweety bird because he brings a famine that will culminate in a 3,000 mile long cannibal civil war. Black Swan Number Three is WWIII war with Russia and China to distract the remaining peasants so they won’t storm the Wall Street castle and march all the Lords to the Guillotine.
May the Cyclops eat you next to Last
Attila the Wimp
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Theres a book written by a South Korean, his name is Ha-Joon Chang. He is an economist specializing in development economics at Cambridge university. He has written a book called "The 23 things they don't tell you about capitalism". Very easy and interesting to read.
BB
And I just re read your more recent post with reference to Iraq, Libya and Iran.
I think we are more on the same page than originally thought.
"The only thing backing the USD is the "Full Faith & Credit" of the US - in essence its military might."
Some would suggest that the USD is a defacto oil currency which is why the US have taken action against ME oil producers to prevent them from setting up a competing bourse. The Iranians already have which is why I would not want to be buying beach front property there for a very long time.
Side note wrt Iran - does anybody remember the B-52 that "lost" a nuke on the way from Minot to Barksdale? I wonder why that happened.
And I just re read your more recent post with reference to Iraq, Libya and Iran.
I think we are more on the same page than originally thought.
"The only thing backing the USD is the "Full Faith & Credit" of the US - in essence its military might."
Some would suggest that the USD is a defacto oil currency which is why the US have taken action against ME oil producers to prevent them from setting up a competing bourse. The Iranians already have which is why I would not want to be buying beach front property there for a very long time.
Side note wrt Iran - does anybody remember the B-52 that "lost" a nuke on the way from Minot to Barksdale? I wonder why that happened.
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Kuhn and Loeb
As always, breakfastburrito is right on the money (pardon the pun).
QFinsider, I have one disagreement with you - the bubble has NOT burst yet. The first 'bubble' was the warm up, banks and institutions, the real bubble is the bankrupcy of entire countries. It has already commenced, look at Ireland, Spain, Portugal. Spain has 20% unemployment, the USA has almost 10% unemployment and is trying to lift its debt ceiling which will bring down the globe financially. They are trying to sell their worthless bonds and fractional money has run its course to the point that the USD is worthless. They can no longer afford a NASA program, cant afford troops in a war and have pretty much fu#ked themselves over. The EURO is collapsing, the GBP is ****e and the wheels have truly fallen off.
I second the motion for all to read The Creature From Jekyll Island and The Report From Iron Mountain. Folks, there is no conspiracy theories, the worlds population had been duped for centuries. Carbon tax is a sham, a global conspiracy to trick panicking people into believing in a global meltdown - what a crock. Read Iron Mountain and you will see that R. S Macnamara created the carbon fraud back in the 60's.
It is time people came out of their cocoons and took a look at what is going on behind the scenes. You are being conned.
QFinsider, I have one disagreement with you - the bubble has NOT burst yet. The first 'bubble' was the warm up, banks and institutions, the real bubble is the bankrupcy of entire countries. It has already commenced, look at Ireland, Spain, Portugal. Spain has 20% unemployment, the USA has almost 10% unemployment and is trying to lift its debt ceiling which will bring down the globe financially. They are trying to sell their worthless bonds and fractional money has run its course to the point that the USD is worthless. They can no longer afford a NASA program, cant afford troops in a war and have pretty much fu#ked themselves over. The EURO is collapsing, the GBP is ****e and the wheels have truly fallen off.
I second the motion for all to read The Creature From Jekyll Island and The Report From Iron Mountain. Folks, there is no conspiracy theories, the worlds population had been duped for centuries. Carbon tax is a sham, a global conspiracy to trick panicking people into believing in a global meltdown - what a crock. Read Iron Mountain and you will see that R. S Macnamara created the carbon fraud back in the 60's.
It is time people came out of their cocoons and took a look at what is going on behind the scenes. You are being conned.
Last edited by gobbledock; 8th Jul 2011 at 13:44.