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September 29 2011
Wikipedia -- World War I reparations
'The economic problems that the payments brought, and German resentment at their imposition are usually cited as one of the more significant factors that led to the end of the Weimar Republic and the beginning of the dictatorship of Adolf Hitler. -- #Current status: After Germany’s defeat in World War II, payment of the reparations was not resumed. There was, however, outstanding German debt that the Weimar Republic had used to pay the reparations. An international conference decided (Agreement on German External Debts, 1953) that Germany would pay some parts of the remaining debt only after the country was reunified, at that time an event thought very unlikely to happen. West Germany paid off the remainder by 1980. According to the agreement, the debt would be serviced for 20 years, leading to the last payments being due on 3 October 2010, the 20th anniversary of German reunification. About 10% of this debt, about 20 million euro, has not been claimed yet.' -- Debt repayment is a sin!
YouTube -- RussiaToday: Cash Sweet Poison: 'Greece victim of Europe cheap money' -
'Dr Markus Kerber, says that German taxpayers are fed up with being Europe's cash cow.' -- "There's a growing split between the German public and the political elite. Never ever before the split has been greater than today. The political elite is still united to support the Chancellor's policy of continuous bailout and the German public is more united than ever to oppose it. And sooner or later the European project is going to lose the popular support it has always had in Germany until now. So, we are really at a crossroad."
'Dr Markus Kerber, says that German taxpayers are fed up with being Europe's cash cow.' -- "There's a growing split between the German public and the political elite. Never ever before the split has been greater than today. The political elite is still united to support the Chancellor's policy of continuous bailout and the German public is more united than ever to oppose it. And sooner or later the European project is going to lose the popular support it has always had in Germany until now. So, we are really at a crossroad."
September 18 2011
Paymaster Germany and the Endgame by Gary North
'Every time Merkel meets with Sarkozy in one of their "no, no, yes, yes" liaisons, European stock markets rise. There is some vague language about another round of bailouts. Investors rush in to buy, buy, buy. The fund managers are not rewarded to produce long-term capital gains. So, they cannot resist buying whenever Merkel and Sarkozy emerge from their tryst to tell the world that they are willing to let Germany bail out the Greek bond market one more time. This is great political theater. The funds' memos to major banks regarding the funds' refusal to roll over their short-term loans can go out at any time. No one wants to be the first fund to trigger a banking panic. But no one wants to be left holding the bag. This is why predictions regarding the day of reckoning are highly speculative. The major decisions will not be made by banks. They will be made by fund managers with large deposits at banks. The bankers are just sitting there, hoping for the best.'August 21 2011
YouTube -- Mike Maloney: Debt Collapse - $20,000 Gold (FULL PRESENTATION)
'Mike Maloney is the author of the world's best selling book on precious metals investing. Since 2003 he has been advocating gold and silver as the ultimate means of protecting wealth from the games played by our governments and banking sector. In this 90 minute presentation he lays down his 'most likely' scenario for the global economy over the next decade... short term deflation, followed by big or even hyperinflation. Here you will learn the true definitions of inflation/deflation, the difference between currency and money, price vs value, 'Wealth Cycles', gold and silver accounting for the expansion of fiat currency, gold and silver supply and demand, the differences between the today's bull market and that of the 1970s, The Debt Collapse, and more.' -- "Voodoo, hocus-pocus scheme."
'Mike Maloney is the author of the world's best selling book on precious metals investing. Since 2003 he has been advocating gold and silver as the ultimate means of protecting wealth from the games played by our governments and banking sector. In this 90 minute presentation he lays down his 'most likely' scenario for the global economy over the next decade... short term deflation, followed by big or even hyperinflation. Here you will learn the true definitions of inflation/deflation, the difference between currency and money, price vs value, 'Wealth Cycles', gold and silver accounting for the expansion of fiat currency, gold and silver supply and demand, the differences between the today's bull market and that of the 1970s, The Debt Collapse, and more.' -- "Voodoo, hocus-pocus scheme."
August 04 2011
YouTube -- SchiffReport: Washington's Amazing Diet Cure! Lose Weight By Eating!
'10 year diet plan! Lay on the couch and eat like a pig for a few years, then gradually phase-in a weight-loss program!'
'10 year diet plan! Lay on the couch and eat like a pig for a few years, then gradually phase-in a weight-loss program!'
June 27 2011
The Daily Bell -- WSJ – International Banking Is in Crisis
'The system of central banking has created perhaps the most monumental bubble ever seen. There are literally thousands of major banks and bank branches all over the world. The downtowns of every major city in the developed world and the developing world are littered with them. People are so conditioned as to their ubiquity that they don't even notice it. Imagine if banks were actually ... tire manufacturers. Now imagine entering a strange city and seeing the entire downtown was FILLED with skyscrapers, each one representing a different, competing brand. Imagine the city and the countryside was full of branches, all selling tires. It wouldn't make any sense. Nor does it make any sense to have so many banks. But they are protected by central banks; they are appurtenances of central banking. ...the Anglosphere elites behind them will never discard a large bank. They may MERGE the bank, but they will never wish to lose it.'The Onion -- Creditors Repossess New England From Debt-Ridden U.S.
'"They've been giving us the runaround on this money for a long time now, so we had no choice," said Victor Migliore of the Bayonne, NJ-based collection agency. "We mailed them four warnings and called the Capitol and White House at least 10 times each, but they just ignored us. Maybe now they'll finally realize we're not fooling around about that $5,498,415,904,232.05 they owe." "The United States is certainly not acting like a country that is serious about settling its account with us," Migliore said. "Last Wednesday, I asked them for the money, and they said they didn't have it yet. The next day, I read in the paper that they just bought a brand-new $350 million Stealth fighter. How does that make them look? Not very good, that's for sure."'June 22 2011
The Automatic Earth -- June 22 2011: A low thunder rolling 'cross the plains
'Derivatives are the $800 trillion or more gorilla in today's financial room. The problem lies in the bets, the wagers, in the shape of default swaps, to the tune of trillions of dollars, that are out there, and that risk being triggered by a default being declared a "credit event"... It's starting to look like that "CDS to hide debt" idea might be backfiring. ...all the Merkels and Obamas and Papandreous and Geithners on this planet will try with all their might to prevent that from happening. And they have virtually limitless access to your money, and that of your children, to do just that. They have exactly zero chance of succeeding, but that won't keep them from trying: their jobs, their social status, perhaps even their very lives depend on it. There's a low thunder rolling across the plains, and it's coming this way. There's nowhere to hide; we’ll have to live through it. It's called debt deflation. Derivative debt deflation. Financial crisis? You ain't seen nothing yet.'June 21 2011
YouTube -- Freedomain Radio: True News: Vancouver Riots, Greek Austerity & Bitcoin Thefts
"Democracy is a system of bribery. And the only way a system of bribery of the general population can work – here's something for nothing, here's 'free' schools, here's 'free' health-care, here's 'free' pensions, here's 'free' roads – the only way that this can ever work is through debt. The only way that democracy can remotely appear to function is through debt. Democracy is debt. Democracy is predation on the unborn and the non-voting. It is the lending of the bankers on the future collateral of the unborn that allows for the existing population to be bribed in a democracy. Of course the government is going to do what the bankers want because without the bankers lending them money they can't bribe the population in order to get into power. Democracy is bribery; bribery is borrowing; borrowing is debt. When you have a system that is based on borrowing and debt, the bankers are going to end up in control of the system. The problem is democracy. The problem is the state."
"Democracy is a system of bribery. And the only way a system of bribery of the general population can work – here's something for nothing, here's 'free' schools, here's 'free' health-care, here's 'free' pensions, here's 'free' roads – the only way that this can ever work is through debt. The only way that democracy can remotely appear to function is through debt. Democracy is debt. Democracy is predation on the unborn and the non-voting. It is the lending of the bankers on the future collateral of the unborn that allows for the existing population to be bribed in a democracy. Of course the government is going to do what the bankers want because without the bankers lending them money they can't bribe the population in order to get into power. Democracy is bribery; bribery is borrowing; borrowing is debt. When you have a system that is based on borrowing and debt, the bankers are going to end up in control of the system. The problem is democracy. The problem is the state."
April 25 2011
Unqualified Reservations -- On monetary restandardization
'...in a modern economy, anyone can save in anything. Retiring in 2030? You can put your entire retirement portfolio in 2030 pork-belly futures. If you don't want to spend your entire old age gnawing on pork bellies, you can trade these for other goods. So it's clear why the whole world needs one standard for Internet packets. It's also clear why it might want one standard for payments. It's not as clear why it needs a standard commodity (or security) of saving. Probably the easiest way to understand monetary standardization is to consider only the problem of restandardization: selecting a new standard when the existing standard collapses...finding the most overvalued good...this will become the standard trade: money, which is the bubble that never has to pop.' -- Hyperinflation: 'The new purchasing power comes from the exploding portfolios of gold's "early adopters." ...the broader global economy (still on the dollar standard for most prices) experiences a gold-driven wealth effect.'The Daily Bell -- Eurocrats' Immovable Rigor Over Debt Restructuring
'...the Anglo-American power [elite's] fear-based promotions are not having the intended effect and thus it seeks to offer the impression that its strategies are unstoppable. But this has its drawbacks. When one wishes to impress upon the people the inevitability of one's designs, then not even one failure can be countenanced, nor one question can be raised. This is an almost impossible burden because the promotion retains no elasticity and sooner or later there shall be some sort of breach. The stance the EU is now adopting with its constant emergency agitation seems to us to be counterproductive. If the EU survives, then EU leaders look as if they were too pessimistic. If the crisis triggers a much larger one, then they run the risk of looking as if they have lost control. Why, we ask, are those running the EU program, purposefully placing themselves in this trap? Either they are panicking or they are in some sense inviting the crisis. These are risky games indeed.'April 20 2011
The Daily Bell -- Idea of Turning Africa Into China Unraveling
'The Anglo-American power elite is desperately trying to whip Africa in shape so it can take its turn in line as the next China... Western elites need a continent-sized evolutionary capitalist environment on which to lay off US Treasuries. The first nation to play this role was Japan, which absorbed almost US$1 trillion in Treasuries in return for having fairly open access to the US market to sell goods and services. The money that Japan shipped to American shores mostly funded American military might that in turn provided security to Japan and much of the rest of the world. With the willing help of China's elite families and communist political structure, China took Japan's place. But now China is gradually succumbing to the same price inflation that laid Japan low. China will have to raise rates again and again, and this will have an effect on its ability to produce the kind of easily disposable consumer goods that the West demands and purchases in quantity.'April 11 2011
MarketTicker Forums -- Bill Gross Goes Short The United States
'There is no escaping the arithmetic.' -- Left + Right = CollapseMarch 23 2011
YouTube -- TheAntiTerrorist: Right on the 'Money' 1/2
'Own much?' -- None dare call it COMMUNISM.
'Own much?' -- None dare call it COMMUNISM.
March 04 2011
The Daily Bell -- Watch Out, Africa ... The World Bank Has a 'Plan'
'...the current strategy that the World Bank is proposing for Africa is in keeping with the larger economic illiteracy that informs Western world-spanning institutions generally. The World Bank is an agent of the Anglo-American power elite. Its real job is one of neo-colonialism. It propagates Anglo-American power by supporting "governance" – the various appurtenances of developing nation-states that are supposed to ensure that "investments" are implemented in the intended manner. Western powers-that-be operate via mercantilism; by pulling the levers of government behind the scenes. Without government there are no levers and thus no availability of control mechanisms. Africa is to become the world's next China. This has two advantages for the power elite. First, it creates an entity that can purchase yet more sovereign debt from the West – yet another buyer of last resort, a function that Japan once served and China as well.'February 08 2011
December 05 2010
The Psychogenic Theory of History - The Emotional Life of Nations
'(3) Internal Sacrifice Solution: If the leader cannot find an external enemy with whom to engage in a sacrificial war, he often turns to an internal sacrifice, either a violent revolution or an economic downturn. As Treasury Secretary Andrew Mellon said in 1929 as the Federal Reserve pushed the world into the Great Depression, "It will purge the rottenness out of the system." Business cycles are driven by the manic and depressive cycles of group-fantasy, as manic defenses against growth panic are followed by depressive collapses into emotional despair and inaction. Depressions and recessions are thus not due to "the Invisible Hand" of economics but are motivated sacrifices that often kill more people than wars do, halting dangerous prosperity and social progress that seem to be getting "out of control." Periodic economic downturns are the antidotes administered by sacrificial priests for the disease of "greed." ..."greedy" childhood selves felt to be responsible for the trauma...'November 11 2010
Channel 4 -- Britain's Trillion Pound Horror Story
'Film maker Martin Durkin explains the full extent of the financial mess we are in: an estimated £4.8 trillion of national debt and counting. It's so big that even if every home in the UK was sold it wouldn't raise enough cash to pay it off. Durkin argues that to put Britain back on track we need to radically rethink the role of the state, stop politicians spending money in our name and introduce, among other measures, flat taxes to make Britain's economy boom again. This polemical film presented by Martin Durkin, brings economic theory to life and makes it hit home. It includes interviews with academics, economic experts, entrepreneurs, no less than four ex-Chancellors of the Exchequer and the biggest stack of £50 notes you'll never see.' -- STARVE THE BEASTOctober 31 2010
YouTube -- Freedomain Radio: Bribing the Present, Billing the Future - The Reality of Democracy
'Why would you vote for people who are selling your kids off limb by limb?'
'Why would you vote for people who are selling your kids off limb by limb?'
October 29 2010
The Automatic Earth presents: Stoneleigh's A Century of Challenges
Pay-walled. Recommended. -- When a pyramid scheme nears its inevitable end... "...the public insist on being handed the empty bag because they think they're going to make money, they want in on the game, everyone else has been making money, they feel left out so they insist on buying these things at the peak, and they are the ones who lose everything."
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* civilization plutocracy wealth money economics oil energy finance reflexivity markets herd consensusreality pyramid ponzi bubble greaterfool peakoil credit inflation realestate speculation debt hologram deflation biflation negativeequity crackupboom greatestdepression collapse systems resilience communities localisation retribalisation socialnetworking darknets NicoleFoss
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