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  • 2015.75 Armstrong

    I've cited martin Armstrong a few times before. He's all over the news now. Martin Armstrong was a professor at Princeton. He and his undergraduates created a computer program that mostly included all the economic history for the last 3,000 years. He runs 23,000 variables with Artificial Intelligence in real-time. His company, Princeton Economic LLC had 240 employees all over the world. He consulted to all the rich and powerful.
    GOV demanded his program,,,,, he told them to get stuffed,,,, they threw him in prison for several years.

    His recent release is causing quite a stir;
    " All governments are now the targets and when the economy turns down after 2015.75, the thread of civilization will be pulled apart by the self-interest of politicians clinging to power to the detriment of the people."
    GOV has promoted itself as the ultimate "security blanket". Politicians promised too much but, they got reelected. That was all that mattered at the time. Prof. Kotlikoff says that our unfunded liabilities amount to $ 212 trillion.
    "The national debts are on average composed of 70% interest payments"
    The Age of Civil Unrest | Armstrong Economics

    Armstrong has been correct in his calculations for decades. I doubt that he is suddenly going to be wrong.
    Apparently, we have 541 days left before the grand finale of the collapse hits.

    Comment


    • The fading petro dollar

      Energy is the master resource. When we went off the gold standard, Kissinger engineered the oil-dollar. Saudi Arabia was the swing producer with lots of excess capacity. That was then,,, this is now. Reports have been coming out for years that the Saudis were injecting salt water to keep oil production going. The claim is that they are now pumping 90% brine. They are no longer the swing producer.
      Russia and central Asia have the oil reserves. Saudi has signed on with China. Both Frankfurt and London are vying to be the center of Yuan trading. Gas is preferred over oil for power generation. Russia and Iran have lots of gas. America is trying to block the construction of gas pipelines.

      The East will be the new brokers for oil and gas. They are dumping the American dollar. That means that all those States who stockpiled dollars to pay for oil will now dump those dollars. They will return them (treasury bonds) to the U.S. treasury.
      John Connally, President Nixon's Treasury Secretary told foreign leaders that "the dollar is our currency but, YOUR problem."
      Well, that is coming to an end. We will have an influx of no-longer-needed dollars. We will be importing dollars. We will have a very difficult time importing ANYTHING else.
      http://www.24hgold.com/english/news-...Willie+CB&mk=1
      Last edited by Danny B; 06-11-2015, 12:45 AM. Reason: sppppelling

      Comment


      • The approaching end of the petro dollar.

        “How did you go bankrupt?"
        Two ways. Gradually, then suddenly.”
        ― Ernest Hemingway, The Sun Also Rises
        The crash of the West is starting to pick up speed. Over 25% of Europeans are living in poverty. The West crashed into a low-wage competitor. The jobs left.
        "It has been estimated that the U.S. economy loses approximately 9,000 jobs for every 1 billion dollars of goods that are imported from overseas, and according to the Economic Policy Institute,"
        "Last year, we sold 122 billion dollars of stuff to China.
        That sounds like a lot until you learn that China sold 440 billion dollars of stuff to us."
        "Overall, the United States has accumulated a total trade deficit with the rest of the world of more than 8 trillion dollars since 1975."
        "According to Professor Alan Blinder of Princeton University, 40 million more U.S. jobs could be sent offshore over the next two decades if current trends continue."
        Shocking Facts About The Deindustrialization Of America That Everyone Should Know

        A few years ago, the West froze Iran out of the global banking system called SWIFT. This hurt them quite a bit. Several States got together and framed a new system just in case they were attacked. Russia is sponsoring the new system. Russia to launch its payment system in months, as disruption fears mount — RT Business

        Russia has also created a commodity exchange that will be outside the control of Western banks. " A Russian commodity exchange where reference prices for Russian oil and natural gas will be set in Rubles instead of dollars will be a strong blow to the petrodollar."
        Read more: Russia prepares to attack the petrodollar - News - Reality Check - The Voice of Russia: News, Breaking news, Politics, Economics, Business, Russia, International current events, Expert opinion, podcasts, Video
        "Reuters reports, that Russia is close to entering a goods-for-oil swap transaction with Iran that will give Rosneft around 500,000 barrels of Iranian oil per day to sell in the global market."
        A "swap" is BARTER. Barter leaves the banks completely on the outside.

        Russia has made it very clear that they are not afraid of America. America tried to make a cause celebre out of the Ukraine but, it just didn't work.

        *U.S. HAS WARNED RUSSIA, IRAN AGAINST POSSIBLE OIL BARTER DEAL
        *U.S. SAYS ANY SUCH DEAL WOULD TRIGGER SANCTIONS
        *U.S. HAS CONVEYED CONCERNS TO IRANIAN GOVT THROUGH ALL CHANNELS

        We warn them Hah! They don't give a $hit. Every time that we impose sanctions, we shoot ourselves in the foot. They just move more and more business out of reach of Goldman Sachs.
        As more and more States move away from dollars, the petro-dollar will die out. India and China are big consumers of oil. They are no longer using dollars. This isn't going to end well for Western banks or the U.S. dollar.
        US Threatens Russia Over Petrodollar-Busting Deal | Zero Hedge
        Russia is using oil to kill the petro-dollar. China is using gold to kill the U.S. bond market;
        https://www.youtube.com/watch?v=nC_WLSiJ8EQ
        American's must rely on a POTUS who was a community organizer.
        Russia is lead by a mastermind from the KGB.
        China is lead by the sons of Sun Tzu.
        Petras comments on the POTUS;
        "Obama prioritizes belligerence over diplomacy. He never misses an opportunity to miss an opportunity to pursue peace."
        Reviewing James Petras’ The Politics of Empire: The US, Israel and the Middle East | Global Research

        Comment


        • Family income

          This is an excellent graph showing family income from '47---'79 and '79---'07
          http://www.gordontlong.com/Tipping_P...-Oxfam-ART.png
          Gordon T Long : Global Macro Economic Research : Macro Insights
          The bankers took our savings and used them to buy politicians. Then, they used their captive politicians to change the laws in their favor.
          Doug Casey has a good interview on how banking is supposed to work;
          The Daily Bell - Doug Casey on the Continuing Debasement of Money, Language and Banking in the Modern Age

          Comment


          • Mafd

            Post Hiroshima and Nagasaki, peace was enforced on Western Europe because nuclear war was too destructive to contemplate. Western Europe integrated enough economically to where a war couldn't be won in a traditional way. Mutually assured destruction. MAD kept the U.S.S.R from coming to major blows with America or Europe..
            Newer weapons are more controlled and selective than thermo-nuclear weapons. It looked like we were moving towards some kind of non-nuclear combat.
            The world is full of surprises. Through the instigation of primarily China and Russia, we are moving away from kinetic warfare. Quick definition;
            Forget about China's missiles and stealth fighter; worry instead about 'non-kinetic' combat | Small Wars Journal

            How does the U.S. shape up for this new warfare?
            "Mutual assured financial destruction is no different. Except instead of shooting missiles, one country escalates by getting their computer hackers to shut down your stock exchange or create a financial panic."

            "The Pentagon is fully aware. Last year on 60 Minutes, then-NSA director Gen. Keith Alexander said that with a well-placed computer virus from Chinese had the ability to take down the U.S. economy.

            In fact, the Chinese have been in cyber forefront all along. In the late '90s, as Asia was hit hard with financial crises, the Chinese penned a manual titled Unrestricted War. The book explains the nonkinetic military tactics (guns, tanks, bombs) that the Chinese could use to attack an enemy. One of the main options was cyberwarfare -- or more narrowly, financial cyberattacks.

            Providing some background in The Death of Money, Jim Rickards writes that besides building up trillions of dollars in reserves as insurance policy against the U.S., China's "other response was to develop a doctrine of financial war. The lessons of the 1997-98 [Asia] crisis were summarized by two Chinese military leaders in a passage both poetic and prophetic:"

            ""The Chinese are ahead of us," he concludes. "Their doctrine of strategic financial warfare emerged in 1999 in response to the 1997 Asian financial shock." In contrast, Rickards explains, the U.S. started thinking about financial warfare only after the '08 crisis nearly a decade later. "

            More reading;
            Jesse's Café Américain: The Dollar Trap Part II: Mutually Assured Financial Destruction
            Search on,,,,, cyber warfare battlefield,,,,

            Comment


            • Buying oil in Rubles

              I have to construct a mosaic of events to paint a clear (hopefully) picture.
              Churchill made it clear that WW II was executed to stop Germany from controlling all European markets. The Treaty of Versailles was done to punish Germany after WW I. The Germans complain that the Eurozone is like Versailles but, without the war. Germany has recently had it's debt downgraded because it is guarantor for so much European debt. The Europeans plan for the German donkey to pull the European cart.

              Merkel went to school at Karl Marx university so, it is easy to guess what she wants. She isn't going to get it.
              Frankfurt is going to be a regional center for Yuan trading. Also;
              “During his visit to Duisburg, Chinese President Xi Jinping made a master stroke of economic diplomacy that runs directly counter to the Washington neo-conservative faction’s effort to bring a new confrontation between NATO and Russia.” (press TV, April 6, 2014)

              “Using the role of Duisburg as the world’s largest inland harbor, an historic transportation hub of Europe and of Germany’s Ruhr steel industry center, he proposed that Germany and China cooperate on building a new “economic Silk Road” linking China and Europe. The implications for economic growth across Eurasia are staggering.”

              Curiously, western media have so far been oblivious to both events. It seems like a desire to extending the falsehood of our western illusion and arrogance – as long as the silence will bear.

              Germany, the economic driver of Europe – the world’s fourth largest economy (US$ 3.6 trillion GDP) – on the western end of the new trading axis, will be like a giant magnet, attracting other European trading partners of Germany’s to the New Silk Road."

              " Along with the new BRICS(A) currency will come a new international payment settlement system, replacing the SWIFT and IBAN exchanges, thereby breaking the hegemony of the infamous privately owned currency and gold manipulator, the Bank for International Settlement (BIS) in Basle, Switzerland – also called the central bank of all central banks.

              To be sure – the BIS is a privately owned for profit institution, was created in the early 1930’s, in the midst of the big economic melt-down of the 20th Century. The BIS was formed precisely for that purpose – to control the world’s monetary system, along with the also privately owned FED and the Wall Street Banksters – the epitome of private unregulated ownership. "
              Russia Announces Decoupling Trade From Dollar

              Here is the most important line from the article;
              April 08, 2014 "ICH" - Russia has just dropped another bombshell, announcing not only the de-coupling of its trade from the dollar, but also that its hydrocarbon trade will in the future be carried out in rubles


              Instead of everyone paying dollars for oil, America will have to pay in Rubles !!!
              Look at the names on this graph;
              http://crudeoilpeak.info/wp-content/..._importers.png
              Germany will trade in Yuan and Marks. I don't see NATO invading Germany to stop them. Germany has been beaten up by Western Europe time and time again. If Germany wants to get their gold back, they are going to have to buy it from China.

              China, for their part has set quite a trap for the West. There are about 4 billion people in the East who believe deeply in gold. They have the gold and they are going to trash Western Banks and currencies. You can be sure that the Opium Wars are still fresh in their memories.
              China's Demand for Gold Has Trapped The West's Central Banks: Alasdair Macleod | Peak Prosperity

              Meanwhile, our politicians are consumed with their own grandeur;
              "Unfortunately but inevitably, the political class in all three cases * the US, Europe and Japan * has lost contact with reality and pursued the fantasy of “monetary easing” for at least 5 years. Also very unfortunate, and that is an understatement, the potential for all kinds of conflict with Russia * from economic to military * is almost welcomed with open arms by them as a test of virility, the red line in the sand, a moment of greatness, a show of force, and similar tragic airhead slogans. "
              Doctor Doom & The Fiat Money Empire

              Our politicians don't think past the next election. They plot and plan but, they don't do any actual thinking. When the oil stops flowing and the banks crash, the politicians are going to claim that NOBODY could have predicted it.

              Fracking is/was a last ditch effort to produce oil internally. The depletion rate is terrible;
              http://static4.businessinsider.com/i...g-red-flag.jpg
              The jury is still out on depletion but, it doesn't look good;
              Shale Gas Production And High Decline Rates - Forbes
              Wait and see.

              Comment


              • Ms. Fitts and the missing $trillions

                Rumsfeld came out in testimony and admitted that he just didn't know what happened to $ 2.7 trillion. When you think about all the various accountants and paper trails in GOV, you find this very hard to believe.

                Here is a bio on Catherine Austin Fitts from Wiki;
                "Fitts served as managing director and member of the board of directors of the Wall Street investment bank Dillon, Read & Co. Inc., as Assistant Secretary of Housing and Federal Housing[2] Commissioner at the United States Department of Housing and Urban Development in the first Bush Administration, and was the president of Hamilton Securities Group, Inc., an investment bank and financial software developer.

                Fitts has a BA from the University of Pennsylvania, an MBA from the Wharton School and studied Mandarin at the Chinese University of Hong Kong"
                Catherine Austin Fitts - Wikipedia, the free encyclopedia

                Here is a quote from Fitts;
                "We’ll discuss if financial fraud and market manipulations are actually mechanisms for financing the black budget and if centralized governance is necessitated by high-tech secrecy. There may be as much as $100 trillion dollars worth of hardware flying the skies powered by anti-gravity and field-propulsion technologies."
                "It also has connections to trillions of dollars which are “missing” from defense and domestic agency accounts (as reported by official financial reports of the US government). To the extent that the US taxpayer has financed this technology (or its reverse-engineering"
                Red Ice Radio - Catherine Austin Fitts - Hour 1 - Secret Space Program & The Black Budget

                Comment


                • Sanctions, lies and GOV dependency

                  The U.S. is going for broke in the Ukraine mess. We plan to impose more sanctions on Russia. This article from Ambrose points out all the things that could go wrong. The article also points out that Russia can't really make a go of it on their own. They MUST have the support of China. In a past problem, the support of China did not happen. So far, the indications are that China will back Russia.
                  US financial showdown with Russia is more dangerous than it looks, for both sides - Telegraph

                  FED GOV reports that the budget deficit has dropped to about $ 465 billion. Not surprisingly, this turns out to be a lie.
                  The Golden Truth: The Real Budget Deficit Was $1 trillon In The Government's Fiscal 2013 Year

                  Former Goldman Sachs managing director Nomi Prins writes in her new book,,,, “We are in great danger”: Ex-banker details how mega-banks destroyed America
                  “We are in great danger”: Ex-banker details how mega-banks destroyed America - Salon.com

                  Jim Rogers; "America has had three central banks in our history, the first two disappeared," he said. "This one's going to disappear too because they keep taking on huge amounts of debt."
                  Even The US Government Will Abandon The Dollar

                  An article that talks about GOV dependence;
                  "there are 86 million full-time private sector workers in the United States paying taxes to support the government, and nearly 148 million Americans that are receiving benefits from the government each month."
                  18 Stats That Prove That Government Dependence Has Reached Epidemic Levels

                  Hmmm, better split this up.

                  Comment


                  • No foreign support for the dollar

                    GOV claims that it is printing LESS money. That's very nice. GOV doesn't need to print as much fresh money because Belgium is buying hundreds of $ billions of bonds. Belgium,,,, what a joke. The FED prints electronic money and electronically credits it to the account of Belgium. Belgium "invests" in America. What a swell bunch of people. They are now the number ONE buyer of US GOV debt.

                    Worldwide support of the dollar is crashing. Foreign GOVs buy dollars to support the U.S. GOV (warmongers). They have stopped buying dollars;
                    http://3.bp.blogspot.com/-zxWjcVDbMC...upport_feb.png

                    Here are the numbers;
                    2010: +$456B (over 12 months)
                    2011: +$426B (over 12 months)
                    2012: +$386B (over 12 months)
                    Last 12 months: -$31.2B
                    FOFOA: YOY Structural Support Now Negative

                    Jim Willie always has the best dirt.
                    NOBODY is spending. Velocity has crashed;
                    http://67.19.64.18/news/2014/4-16gj/image001.jpg

                    "Bernanke was correct. The cost of newly printed electronic money is zero. But he left out the other half of the statement, since he is a lousy economist. The value of the newly printed electronic money is zero."
                    Overprinting is bad enough. There are pictures of people burning Marks in their furnaces during the Werimar hyperinflation;
                    http://yanziyang.files.wordpress.com...-home-1923.jpg
                    Electronic currency will just vanish electronically.
                    Glaring Q.E. Failure Spotted

                    Comment


                    • Articles on money

                      I found some excellent articles. Much depends on how much background knowledge you have.
                      In 2007, GOV was flat broke. It is against the law to just print money for GOV so GOV printed money ( TARP ) and gave it to the banks so that the banks could give it back to GOV.
                      The Hidden Motive Behind Quantitative Easing :: The Mises Economics Blog: The Circle Bastiat

                      Banks and GOV go to a lot of effort to manipulate the gold and silver markets. Seems like a lot of trouble for one small market. Reportedly, they do it in such a manner that it brings huge gains. Reportedly, the value of trading in the gold market is equal to the value of the NYSE;
                      Is Banking a New Form of Slavery? | Zero Hedge

                      An excellent article on the extent of the Ponzi fraud scheme of the FED;
                      True Scale of Dollar Ponzi Scheme Becoming Apparent-Rob Kirby | Greg Hunter’s USAWatchdog

                      Somehow, the FED caused $ 33 trillion of stuff to appear;
                      The Fed’s $33 Trillion Bent Spoon Trick | David Stockman's Contra Corner

                      The money printing started in 1934 with the Thomas Amendment;
                      Part 1. FDR’s Hayseed Coalition: Roots Of Modern Money Printing | David Stockman's Contra Corner

                      An excellent article on deflation and,,, why you want it. Also, why the bankers don't want it;
                      Everything We Are Told About Deflation Is A Lie | Zero Hedge

                      Comment


                      • The BRICS bank and oil

                        Most of the rest of the world (ROW) is aligned covertly or overtly with China and Russia. For the moment, they can't be too active. Between the IMF, BIS and the SWIFT system, they are captive. They could be punished financially. Some of these countries got together and worked up a new system to escape the SWIFT system. The BRICS bank was due to go active next year. They have pushed the activation even sooner.
                        BRICS aim to finish development bank preparations by July summit | Reuters

                        The BRICS bank goes online in July. America will have a new set of capital controls go into effect on July First.
                        Must Read: Fed Employees rollout a bold idea to trap the entire country’s wealth
                        GOV is adamant that NO money will escape it's clutches. Richard Russell is a bit pessimistic about all of this; " Our defense against a weak economy is always to print more money. In a matter of months, I see the dollar crashing.”
                        My Blog

                        We passed cheap peak oil in 2004. As we extract non-conventional oil, the price naturally goes up. The speculators add about $ 27 a barrel.
                        Coal isn't looking too good. Burning coal spews toxic metals.
                        One fifth of China's farmland polluted | Jennifer Duggan | Environment | theguardian.com

                        The American gas industry openly states that American gas can never replace Russian gas. We just don't have enough. Sooooooooo, we need the gas from central Asia. We need Russian oil. The Europeans REALLY need Russian gas and oil.

                        The minute that the BRICS bank goes online, we will be cut off from oil imports. Canada and Mexico can't realistically escape us. California isn't connected to the major pipeline system from all the Texas refineries.
                        http://www.keyframe5.com/wp-content/...0967331720.jpg
                        Y'all better finish your wood-gas truck.

                        https://www.facebook.com/n/?photo.ph...1%40wowway.com
                        Snopes says this is bogus. It is from a game.
                        Last edited by Danny B; 04-30-2014, 03:56 AM.

                        Comment


                        • Financial news and rumors

                          There are known 30 dead bankers. It is called a trade secret and can't be talked about. Benjamin Fulford is in fine form.
                          "Russian President Vladimir Putin has suggested that the way to end the financial crisis would be to kill all members of the Rothschild family, according to CIA sources. That is why the Rothschilds are now either in hiding or long missing as is the case with Nathaniel Rothschild.
                          It is unlikely, however, that killing the Rothschilds will solve the financial crisis. "
                          Obama Threatens Mayhem After Failing To Cash Forged Bonds During Asian Trip - Benjamin Fulford | Conspiracy Theories

                          Moving on to the largest bankruptcy in U.S. history,,,,, that ISN'T being talked about. Exclusive: NY Judge in Largest Bankruptcy Case in History Receives IRS & SEC Whistleblower Filing | Marinka Peschmann

                          20% of all American families have no one that is employed;
                          The Real Unemployment Rate: In 20% Of American Families, EVERYONE Is Unemployed | InvestmentWatch
                          Which results in;
                          Consumer confidence misses; present situation tumbles most in 15 months

                          Jim Willie gives you a historical rundown on the American pathogenesis;
                          Guide: Pathogenesis & Change Factors | Gold Eagle

                          Al Qaeda has a new strategy;
                          FBI Uncovers Al-Qaeda Plot To Just Sit Back And Enjoy Collapse Of United States | The Onion - America's Finest News Source

                          Griffin understands the FED better than anyone. He has a recommendation for ending it;
                          G. Edward Griffin explains how the Fed cartel can be defeated

                          Japan is beyond hope so, they write about how bad the Eurozone is;
                          Debt runup looms as next phase of euro crisis – Japan Times
                          Here's your green shoots; http://3.bp.blogspot.com/_NUEZmBcMFt...chnenstump.JPG

                          Comment


                          • The curse of interest

                            I catch 20 fish and loan you 5. Because I have forgone consumption, I merit interest. You pay me back 6.

                            I take $ 100,000 of my hard earned dollars out of the bank and loan them to you. I merit interest because I worked for those dollars.
                            A banker loans you $ 100,000 to buy a house. You pay back $ 300.000. He never had / owned the original $ 100,000. You pay for one house for you and 2 houses for the banker. Since he had demand rights on your collateral, there was no risk involved. Title insurance and property insurance negate all of that.
                            By what rationale, can the banker charge interest? I asked this question a few times at The Daily Bell, a site run by investors with an investment mindset.
                            The Daily Bell - Con of Public Banking
                            As usual, they failed to answer my question. They regularly denigrate public banking. I pointed out the interest payments would go to the public purse rather than the bankers. This would be a huge help in maintaining a decent standard of living. They don't seem keen on that idea either.

                            The principle of a loan is created by YOU when you sign. The interest is never created. It has to be pulled out of the principle of future loans that are in the pipeline. If credit expansion falters, there is nothing to service interest payments. GOV responds by hyper-printing to rescue debt that is in danger of default. This isn't a real solution. It just benefits a few. Complaints about interest and usury go back a LONG time;
                            What World-famous Men have said About the Jews

                            The implementation of the computer is making if FAR easier to crunch numbers and record amounts. Gradually, the world is figuring out ways to escape usury. Barter is exchange with out a middleman. It is gradually being modernized;
                            Bartercard International - Business Opportunity Overseas

                            There is a VERY interesting system emerging called money 3.0;
                            http://tinyurl.com/mku8675
                            Then, there is a system for silver barter;
                            Silverbarter.com | Your Honest Resource For Using Silver as Money
                            These systems are expanding;
                            WORLD BARTER EXCHANGE

                            Allow me to print the money and I care not,,,,, You know the rest. The fiat currency is the middle man who steals the value of your work. Barter eliminates the middleman and is SO hated by bankers. The IRS claims that you owe taxes even on a barter transaction.

                            We all want to escape from the parasites and the usury. Here is a fascinating paper on interest; " If you want to read more, look up “The Natural Rate of Interest is Zero,” a tightly reasoned, accessible eight-page paper by Mathew Forstater and Warren Mosler. You can find it free online."
                            What the Fed Is Really Doing to Your Money

                            Comment


                            • Job losses and efficiency

                              The West as a high wage economy crashed into the East,, a low wage economy. Job losses are to be expected. America only has 5% of the world's population so these losses could be expected to be very high.
                              The Number Of Working Age Americans Without A Job Has Risen By 27 MILLION Since 2000
                              "The Number Of Working Age Americans Without A Job Has Risen By 27 MILLION Since 2000"
                              "there are nearly 102 million working age Americans that do not have a job right now. And 20 percent of all families in the United States do not have a single member that is employed"
                              The disappearing labor force: Over 800K Americans drop out of labor force. Since end of recession, those not in the labor force has grown from 80 million to 92 million. Workers younger than 55 lost jobs in April.
                              America was a high-wage / high-cost economy.
                              The financial PTB are trying to maintain the cost structure even after the wage structure has evaporated. GOV pumps $ trillions into financial markets to support pricing in stocks and real estate.

                              On top of all this, wages are falling relative to productivity.
                              Technology and the Future of Jobs
                              If you look at the graph, the separation is growing quite fast. This rapidly growing productivity SHOULD cause price deflation. The ever-growing horde of parasites keeps this from happening. Speculators add about $ 27 to the cost of every barrel of oil. Tax and finance add lots more. In the long term, none of this is sustainable.
                              Last edited by Danny B; 05-05-2014, 02:57 PM. Reason: missing a link

                              Comment


                              • Gold and silver again

                                The CME is trying to impose price limits on silver and gold;
                                CME Attempts to Install Price Limits on Gold & Silver Reflects Frantic Desperation | SilverDoctors.com
                                Fiat currency is the middleman who does all the stealing for the bankers.
                                "A gold standard offers the best protection against rising prices. The period of the classic gold standard from 1879 to 1914 was probably the most stable of all monetary regimes. This is also manifest in the following table. Average inflation from 1879 to 1914 was 0.2 percent at a volatility of only 2.2 percent. Since 1971 (the end of Bretton Woods) average volatility has been 2.8 percent and average inflation 4.5 percent."
                                Take the percentage difference and THAT is what went into the bankers' pockets.
                                Here is a VERY interesting observation;
                                "In 1914 the world abandoned the gold standard because the European governments could not afford war amid the restrictions of the gold standard. Without abandoning the gold standard, World War I probably would have lasted only a few weeks, because nobody could have funded the war. "


                                Doug Casey says that "of course, GOV is going to steal all the pensions"
                                Catastrophic Meltdown Coming to America-Doug Casey | Greg Hunter’s USAWatchdog
                                The rest of the world has had more than enough with this mega stealing. They are going to go their own way.
                                132 Nations Want Out of the Cabal Banking System | NationofChange

                                Comment

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