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The Corp unloading useless assets
Sadly, it appears to be true that the United States corporation claims to own all of us. The claims are all one-sided because we weren’t the originators of the law. Many years ago, monarchs learned that ownership of land was insufficient if there was no one to work the land. At the same time, it became clear that the wealth of the land was valueless if there was no demand for it. All riches derive from the land. These riches lie fallow if human labor is not applied to them to produce a product that someone else is willing to work for.
The key here is labor. Those who exert labor produce goods. Those who exert labor merit those goods. The uber-parasites draw sustenance from the cycle of production-consumption. If consumption goes down, production will follow.
We are fast approaching a state where there is little need for the labor of man.
https://www.youtube.com/watch?v=7Pq-S557XQU
In a pure capitalist system, only the producers are rewarded with the fruits of production. The parasites draw off "blood" from the wages of the producer. If the producer is replaced by a machine, he has no wages to steal. You can only steal from the rich. The poor don't have anything to steal.
Eliminate the producer and you run out of consumers.
The capitalist system is efficiency driven. Humans are inefficient compared to machine labor and machine intelligence. "They" can claim that they own us but, what are they going to do with us when we are redundant? The Georgia Guidestones give one version. Neo-Feudalism is another view that has been offered. The "death" of Japan is another version.
I suspect that the corporation is going to use this crash to get rid of many of it's non-performing assets. It will be a "forced molt".Comment
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Dominating Eurasia with the mental midget
Zbigniew Brzezinski made it very clear that America had to control Eurasia if it hoped to control the world.
"About 75 per cent of the world’s people live in Eurasia, and most of the world’s physical wealth is there as well, both in its enterprises and underneath its soil. Eurasia accounts for about three-fourths of the world’s known energy resources.” (p.31) (Zbigniew Brzezinski,The Grand Chessboard: American Primacy And It’s Geostrategic Imperatives, Key Quotes From Zbigniew Brzezinksi’s Seminal Book)"
“…the three grand imperatives of imperial geostrategy are to prevent collusion and maintain security dependence among the vassals, to keep tributaries pliant and protected, and to keep the barbarians from coming together.” (p.40)
“Henceforth, the United States may have to determine how to cope with regional coalitions that seek to push America out of Eurasia, thereby threatening America’s status as a global power.”
Well, Putin is certainly trying to unite all those barbarians.
http://www.zerohedge.com/news/2015-0...ew-world-order
Apparently, Kerry got the Saudis to drop the price of oil to hurt Russia. Don't forget, Saudi has bought Chinese weapons and signed up on big deals with China. I suspect that the Sauds went along with the demand from Kerry with Putin standing in the next room.
“A third of Britain’s listed oil and gas companies are in danger of running out of working capital and even going bankrupt amid a slump in the value of crude, according to new research."
That is at $ 60 a bbl.
"That’s why Washington’s plan to push down oil prices (to hurt the Russian economy) might have made sense on a short-term basis (to shock Putin into submission) but as a long-term strategy, it’s nuts. And what’s even crazier, is that Obama has decided to double-down on the same wacky plan even though Putin hasn’t given an inch."
So, obummer decided to crash Russia with an oil war. Russia is responding by initiating a financial crash. Energy is the master resource. This is world war. An atomic bomb just went off.
"Why Oil Is Headed Below $35/Barrel"
" Options traders are starting to place bets that prices could fall into the $20s in the months to come."
Why Oil Is Headed Below $35/Barrel | David Stockman's Contra Corner
Almost the entire U.S. oil industry will shut down. Western Europe will die. This is what obummer has accomplished; https://www.youtube.com/watch?v=bZI1eeV88lQComment
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IMPORTANT MONETARY NEWS ALERT: MAJOR, HISTORIC PROGRESS WAS MADE BY CONGRESSMAN DENNIS KUCINICH.Originally posted by Danny B View Post
On Wednesday September 21st Congressman Dennis Kucinich (D,Ohio, 10th District) took a crucial and heroic step to resolve our growing financial crisis and achieve a just and sustainable money system for our nation by introducing the National Emergency Employment Defense (NEED) Act of 2011, HR 2990.
While the bill focuses on our nation’s unemployment crisis, the remedy proposed contains all of the essential monetary measures being proposed by the American Monetary Institute in the American Monetary Act. These are what decades of research and centuries of experience have shown to be necessary to end the economic crisis in a just and sustainable way, and place the U.S. money system under our constitutional checks and balances. And yes, it can be done!
Warm regards to all, Stephen Zarlenga
http://www.monetary.org/wp-content/u...11/HR-2990.pdf
AlComment
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Us vs. the parasites
Aljhoa, yes it can be done but, you must consider one very important factor. The people who want a fair system and have the power to make it happen are very few and far between. Lindberg, Macfadden, Jackson, Kennedy. They are not willing to kill all the opponents of a fair system.
The mega parasites are VERY numerous. They also are very willing to kill the few who rise up. The multitudinous parasites have a stranglehold on the system. They don't plan to quietly fade away.
"Government will rage against the dying of the light and destroy civilization if we do not wake the hell up."
Minnesota Hunting Bullion – Government is Raging Against the Dying of the Light | Armstrong EconomicsComment
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Action and reaction in Europe
There is a lot of recent news. The Swiss figured out that cheapening the Franc to hold on to export business wasn't worth it. The dropped the cap on the franc and the results were immediate. "After the Bank dropped the 1.20-franc floor that it had set for the euro, the common European currency plunged as much as 41 percent to 0.8517 franc before rebounding to 1.0378 francs in late Zurich trading Thursday."
Read Latest Breaking News from Newsmax.com Dennis Gartman: Swiss Central Bank Currency Move Was a 'Silly Decision'
This is going to be a VERY bid deal before long.
Even bigger news is the fact that Russia cut off gas to Europe. Did Europe not think that sanctions would be met with problems?
Bulgaria blocked the construction of the Southstream pipeline. Russia refuses to send gas to Bulgaria,,, what a surprise. Russia said that they will send gas to Greece and the Europeans can build a pipeline from there. By a strange coincidence, there is record cold in Europe.
The European stock markets will definitely respond to this.
http://www.zerohedge.com/news/2015-0...pean-countries
The European stock market is up at the same time that oil is falling fast. That isn't going to last very long. The Center's Got To Give - The Automatic Earth
The banks are starting to crash from the fall in oil.
The Perfect Storm for Wall Street Banks
Private credit is much more important than previously believed;
The perfect financial storm: Why we’re headed for future global economic crises - Salon.com
The Central Banks can print free money and distribute it to where they think that it will do the most good,,, usually to member banks.
Private credit demands a return and moves to where it receives a good return. These capital flows can severely destabilize any economy. The CB can't control them.Comment
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Iceland
"Elections were brought forward to April 2009, resulting in a left-wing coalition which condemned the neoliberal economic system, but immediately gave in to its demands that Iceland pay off a total of three and a half million Euros. This required each Icelandic citizen to pay 100 Euros a month (or about $130) for fifteen years, at 5.5% interest, to pay off a debt incurred by private parties vis a vis other private parties. It was the straw that broke the reindeer’s back."
Strange, the new GOV immediately gave in to the demands of the bankers.
"The belief that citizens had to pay for the mistakes of a financial monopoly, that an entire nation must be taxed to pay off private debts was shattered, transforming the relationship between citizens and their political institutions and eventually driving Iceland’s leaders to the side of their constituents. The Head of State, Olafur Ragnar Grimsson, refused to ratify the law that would have made Iceland’s citizens responsible for its bankers’ debts, and accepted calls for a referendum."
Iceland didn't give in to the bankers. Why Iceland Should Be in the News, But Is Not :: SACSIS.org.za
Iceland has convicted some bankers and invites other countries to do the same; Iceland convicts bad bankers and says other nations can act
They couldn't find any prosecutors to take the job. Then " a policeman from a small fishing village, was encouraged to put in for the job after the initial advertisement drew no applications. "Comment
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Malaysia
The IMF and hedge funds created such a successful attack against Mexico that they decided that Malaysia would be the next target.
"Dr. Mahathir, to the Hongkong IMF Conference in September 1997, the Prime Minister said: "We dismissed the rumor that Malaysia would go the way of Mexico.... But now we know better. We know why it was suggested that Malaysia would go the way of Mexico. We know now that even as Mexico's economic crash was manipulated and made to crash, the economies of other developing countries too can be suddenly manipulated and forced to bow to the great fund managers"
"The idea was to raise $100 billion, half from participating countries, half from Japan, to provide liquidity in the region for the fight against speculative attacks, and assistance for development. The plan was squelched by U.S. and IMF strong-arm methods, "
Malaysia finally decided that they needed capital controls, "Immediately, all hell broke loose in the Western capitals and the Western press."
"The free-market gurus, and George Soros in the forefront, pronounced Malaysia dead, and called for Dr. Mahathir's ouster."
"Most of the critics, including the IMF itself, have now admitted they were wrong, but without taking any measures to rectify the horrific damage their policies wrought across the region, or to change the system in any significant way."
She quotes EIR Asia correspondent Gail Billington, speaking at ISIS in Kuala Lumpur on Jan. 25, 1999, that "by imposing capital controls, Malaysia had become the first country to place the human rights and general welfare of the people before the financial interests."
,,,, Gore's open support, while speaking at an Asia Pacific Economic Cooperation (APEC) Forum in Kuala Lumpur on Nov. 16, 1998, for anarchists who were rioting on the streets outside the conference to bring down the government, in support of deposed Deputy Prime Minister Anwar Ibrahim."
Ibraham was a stooge of Wall Street
"Dr. Mahathir, under pressure to lift the controls after the first year of successful implementation, said: "We are not about to do so, not unless the world curbs the currency traders"
Malaysia's Challenge to IMF: A Lesson on 'Method'
Soros, himself attacked the British currency and made off with a cool billion $. This shows even better why private equity is such a danger to so many countries. Every currency is attacked when it looks vulnerable.
People are catching on a lot faster now days. Belarus is instituting capital controls. Abel Danger: Lukashenko of Belarus Triggers Death Agony of IMF Globalization with 30% Tax on Flight Capital; Purges Cabinet of Neoliberal Operatives Including Central Bank Boss; Measures Can Serve as Pilot Project for Russian Exchange and Capital Con
Alexander Lukashenko has followed the example of Dr. Mahathir.Comment
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Argentina
Argentina is the poster child for banker destruction. They just need to get somebody in power in GOV who will take out enormous loans. In Malaysia, Ibrahim did not prevail. In Argentina, there were plenty of corrupt people in GOV. Banks create money out of thin air and then, work hard to convert this debt into tangible stuff.
"The mainstream media inside and outside Argentina refer to these parasitic money “sloshers” as “vulture funds”; a conceptual mistake because one might then be led to believe that other funds and bankers – Goldman Sachs, HSBC, Citigroup, JPMorgan Chase, Deutsche Bank, George Soros, Rothschild, Warburg – are not “vultures” when, in fact, the very foundations of today’s global banking system lie on parasitic pro-vulture rules and laws coupled with an overpowering lack of moral values."
"One often wonders why governments indebt themselves for so much more than they can ever hope to pay… Here, Western economists, bankers, traders, Ivy League academics and professors, Nobel laureates and the mainstream media have a quick and monolithic reply: because all nations need “investment and investors” if they wish to build highways, power plants, schools, airports, hospitals, raise armies, service infrastructures and a long list of et ceteras, economic and national activities are all about.
But more and more people are starting to ask a fundamental common-sense question: why should governments indebt themselves in hard currencies, decades into the future with global mega-bankers, when they could just as well finance these projects and needs far more safely by issuing the proper amounts of their own local sovereign currency instead?"
"Here is where all the above “experts” go berserk & ballistic, shouting back: “Issue currency? Are you crazy?? That’s against the “rules & laws” of economics!!! "
http://www.zengardner.com/bankster-l...tory-for-debt/Comment
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Bad times in Rome.
Here is a graph of the population of Rome; http://i2.wp.com/armstrongeconomics....size=544%2C506
When times were good, everybody went to Rome. When times turned bad, the Emperor forbade Romans from leaving the city to go do subsistence farming. As the graph shows, they left in great numbers. Gold – The January Pop – On Schedule? | Armstrong Economics
What happens to a modern city if it can't support it's inhabitants?Comment
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How am I doing?
Ok so let me put some of my learning to work and you can grade me.
With the lowering gas prices at the pump, citizens will have extra money to spend elsewhere. However, companies have already made adjustments either with product pricing or product size reductions to keep profitable with the high gas prices and associated costs. Now that gas has gone down we most likely will not see product pricing drop to pre $2 per gallon levels, surely not as quickly as gas prices fell, if ever. This will lead to rapid inflation of the USD. To combat this, the GOV will most likely have to raise taxes to keep the extra cash from inflating in the open market.
Those Ba$tards....
Am I missing anything?Comment
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No wages,,, no spending
Ruphus, so much of the spending and the economy is tied to beliefs about how wealthy you are and how well the economy is doing. There are about 100 million not in the labor force. Unemployment is at 23%. Recent holiday spending was horrible. So, while people may have a bit more left over with the lower gas prices, they are not spending it for non-essential items. In Australia, they are paying off their mortgages. OZ is a resource country,,, China growth has dropped from 7.5% to 3.5%. OZ is falling fast and people are paying down debt instead of splurging.
Since consumption has crashed, manufacturing had to eventually follow it. Philly Fed Crashes From 21 Year Highs To 12 Month Lows, Employment Tumbles | Zero Hedge
We are crashing but, the bankers are trying to rally sentiment, " Consumer sentiment in US surges to 11-year high – Bloomberg"
The reality;
Sony to close all 14 Canadian stores within 2 months – CBC
Target closes all 133 stores in Canada, gets creditor protection – CBC
America has very high prices and high profit margins. Sears, Sony and Target can no longer maintain profitability. Lack of wages has caused lack of demand. Retailers respond by cutting margins,,, until they go broke.
U.S. consumer prices post biggest drop in six years – Yahoo!
Prices are only dropping by cutting profits. America had 5 times the retail space per person that France had. There are now 1 billion sq. ft. of empty retail space. This is the unwinding of a credit boom.
The oil patch is laying off thousands of people every day. How can the PTB maintain sentiment and spending?
I can't find the link at the moment but, sales figures show that any savings from lower gas prices have not moved into other sectors.
Every new person who loses a job is one more person who spends his money very carefully. The U.S. economy can not survive with careful spending.
Sentiment will fall even further when the housing bubble pops again.
Canadian housing market overvalued 63 per cent: Deutsche Bank – CTV News
Pin, meet housing bubble 2.0 – Burning Platform
The dead mortgage cat bounce is over – Zero Hedge
Spending won't rebound until wages rebound,,, and that isn't going to happen.Comment
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Germany
Germany was another country that issued debt-free money and ran afoul of the international bankers.
"When Hitler came to power, the country was completely, hopelessly broke. The Treaty of Versailles had imposed crushing reparations payments on the German people"
"Hitler and the National Socialists, who came to power in 1933, thwarted the international banking cartel by issuing their own money. In this they took their cue from Abraham Lincoln, who funded the American Civil War with government-issued paper money called "Greenbacks." Hitler began his national credit program by devising a plan of public works. Projects earmarked for funding included flood control, repair of public buildings and private residences, and construction of new buildings, roads, bridges, canals, and port facilities. "
"Within two years, the unemployment problem had been solved and the country was back on its feet. It had a solid, stable currency, no debt, and no inflation,"
Web of Debt - Thinking Outside The Box: How A Bankrupt Germany Solved Its Infrastructure Problems
"Germany succeeded in this by exchanging equipment and commodities directly with other countries, using a barter system that cut the bankers out of the picture. Germany flourished, since barter eliminates national debt and trade deficits."
Once again, we see a Rothschild.
"Hjalmar Schacht, a Rothschild agent who was temporarily head of the German central bank, summed it up thus. . . An American banker had commented, "Dr. Schacht, you should come to America. We've lots of money and that's real banking." Schacht replied, "You should come to Berlin. We don't have money. That's real banking."
(Schact, the Rothschild agent, actually supported the private international bankers against Germany, and was rewarded by having all charges against him dropped at the Nuremberg trials.) "
In a repeat of history, Putin and Russia have a central banker who is a Rothschild agent.
Full text of "How Hitler Defied the International Bankers"
And WHAT did Hitler get for all his troubles to revive Germany;
http://wissenschaft3000.files.wordpr...2/04/judea.png
"Canadian researcher Dr. Henry Makow (who is Jewish himself) says the main reason why the bankers arranged for a world war against Germany was that Hitler sidestepped the bankers by creating his own money, thereby freeing the German people. Worse, this freedom and prosperity threatened to spread to other nations. Hitler had to be stopped! "
Another chapter in a long story, Eugène Montsalvat reviews Kerry Bolton's The Banking Swindle | Counter-Currents PublishingComment
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Weakness of central banks
The German finance minister says that there will be NO REDUCTION in the debt owed by Greece. Tsipras has this to say; Alexis Tsipras' Open Letter To Germany: What You Were Never Told About Greece | Zero Hedge
Here is another view; https://www.youtube.com/watch?v=Zvl9N9GdraQ
Ever since the '30s the FED has been concerned that no debt is ever extinguished under a pure fiat system. This seems to be reaching a worldwide climax.
"Thus it’s critical to understand that there is no extinguisher of debt in the regime of irredeemable paper currency. You may get yourself out of the debt loop by paying in currency, but that merely shifts the debt. The debt does not go out of existence, because paying a debt with an IOU cannot extinguish it. Unlike you, the central bank cannot get itself out of debt."
http://www.zerohedge.com/news/2015-0...-will-collapse
Egon Von Greyerz says that this is going to catch up to us very soon, Man Who Predicted Collapse Of Euro Against Swiss Franc Issues Third Terrifying Warning To The World | King World News
Eric Sprott also has warnings that are very interesting. You think of a currency as having a relatively stable and fixed value.
Eric Sprott: “I find it very ironic that the most volatile asset class these days is currencies. This seems very strange with global stock markets just treading water here. Yet we have currencies that are flailing all over the place, including the euro, yen, ruble, and the Canadian dollar. It strikes me that we are living in a very bizarre financial world as the currency wars continue to rage with various governments and central banks. "
Billionaire Eric Sprott – Entities Wiped Out Overnight As Western Central Banks Near Total Surrender | King World News
FOFOA wrote that the FOREX market will just go away.
The Chinese are having major adjustment problems; http://www.bloombergview.com/article...s-debt-bubbles
Maybe they're all wrong.
Comment
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Government mouthpieces
Bloomberg, Financial times and Reuters give all the latest and bestest news.
Jobless Claims in U.S. Plunge to 15-Year Low
(Bloomberg) -- Data on jobless claims Thursday confirmed what U.S. consumers have been saying for the past three months: a strengthening job market is making Americans more confident.
Jobless Claims in U.S. Plunge to 15-Year Low - Bloomberg Business
Rah, Rah, rah,,, lets hear it for confidence !!!!
#1 The Obama administration tells us that 8.69 million Americans are “officially unemployed” and that 92.90 million Americans are considered to be “not in the labor force”. That means that more than 101 million U.S. adults do not have a job right now.
The Death Of The American Dream In 22 Numbers
Just how confident are those 101 million?Comment
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