Economic pressures

[Danny B]

Bush Family Funded Adolf Hitler
Howard Hughes couldn't get enough aluminum for planes so he built with spruce plywood. The Germans had plenty of aluminum.

The tradition continues with the family of war profiteers.

[Danny B]

[Danny B]

Compound interest

Einstein called compound interest the eighth wonder of the world. Few people stop and think just how bad compound interest is.
From 1942 to 1992, in Britain, wages rose 2700%. Taxes rose 3400%. Interest debt rose 26,000 %. https://www.youtube.com/watch?v=d5XMPykbhmA
"The national debts are on average composed of 70% interest payments"
The Age of Civil Unrest | Armstrong Economics
The Bank of England was originally capitalized with just over a million pounds. This debt has grown enormously since then. https://www.youtube.com/watch?v=buAZblIg1aMThe War Party Desperately Fights Back: The Bill Kristol/Samantha Power Grand Alliance Of Neocons And “Progressives” | David Stockman's Contra Corner
Apparently, we need a BIG war to keep us further in debt.

[Danny B]

Bankers Love War Because It Creates Massive Profits Washington's Blog
Sooo, what happens when banks can't find anybody qualified to borrow to feed the necessary credit expansion? They loan money to anybody that breathes. When this blows up, they get GOV to pay the loans.
GOV, ( you and me) now has about $ 17 trillion in acknowledged debt. It also has about $ 212 trillion in unfunded liabilities.

Sooooo, how is this debt increase working out?
#3 The U.S. national debt is now more than 23 times larger than it was when Jimmy Carter became president.

BUT, there is this claim; #5 The federal government is stealing more than 100 million dollars from our children and our children and grandchildren every single day.
40 'Frightening' Facts On The Fall Of The US Economy | Zero Hedge

[Danny B]

Opportunity cost

I work hard and save $ 100,000. I put my money to work and I earn interest.
A bank conjures up $ 100,000 out of thin air and loans it out at interest. What is the difference?

https://www.youtube.com/watch?v=HIHCAi1MBBA

[Danny B]

Ukraine

The IMF said that they would loan money to Ukraine if the Ukrainians voted "correctly" to join the eurozone, and presumably, allow lots of NATO weapons on their territory. Sounds pretty good. Ukraine has lots of debts and could use the money. The IMF came out and said that the Ukrainian problem could destabilize the world monetary system.
ITAR-TASS: World - Ukraine situation posing possible threat to global economy, IMF head says
Evidently, the Ukrainians read the internet. The loans from the IMF would go directly to the bankers who hold Ukrainian debt. Nothing would go to the Ukrainian GOV or people. By voting incorrectly, the Ukrainians have told the bankers to ,,, take this loan and shove it.
Rockefeller has an observation on the net;

https://www.youtube.com/watch?v=Ct9xzXUQLuY

Christine Lagarde could be right about destabilization. The default of Ukraine on it's loans could bring down our very fragile system.

[Danny B]

financial parasites

The world is awash with stocks, bonds and dozens of other financial products. Everybody wants to live off their investments. Problem is, there are just too many of them slinging around too much credit ( Debt ). Everybody wants to live off their portfolio. A barrel of oil is sold 47 times before it is consumed. This adds $ 27 a barrel ( old number). Everything is manipulated higher and higher. The investors claim that they are a necessary part of the market mechanism. The consumer pays ever-higher prices to an ever-larger number of manipulators who add no productivity.

The investors claim that they are necessary. In America, the egg industry is all regulated by ECI, a nonprofit Egg Clearinghouse, Inc.The True Parasites Of Finance - The Automatic Earth

Everything that you read in the financial papers talks about this big bond offering or a new IPO or or some new financial product. The nitwits have lost sight of the fact that none of their garbage is worth anything without a consumer.

[Danny B]

Dollar Sell-off and Hyperinflation by 2014 – John Williams | Greg Hunter’s USAWatchdog

"The abandonment of the gold standard in 1971 set in motion four decades of consumer debt accumulation on an epic scale, currency debauchment, and real wage stagnation. The consumer debt accumulation was a consequence of the American middle class being lured into debt by the Too Big To Trust Wall Street banks and their corporate media propaganda machine, as a fallacious response to stagnating real wages when their jobs were shipped to China by mega-corporations using wage arbitrage to boost quarterly profits, their stock prices, and executive bonuses."

Our income froze but, we raised our standard of living by taking on lots of debt. http://www.advisorperspectives.com/d...-mean-real.gif
"nominal government reported income figures which show median household income growing by 30% over the last fourteen years. In reality, the real median household income has FALLEN by 7% since 2000 and 7.5% since its 2008 peak. Again, using a true inflation figure would yield declines exceeding 15%."
There has been no drop in income in the District of Corruption; http://www.advisorperspectives.com/d...ak-decline.png



John Williams is predicting hyperinflation. The FED is trying to create hyperinflation to inflate away the debt burden. It isn't as easy as it might seem. The FED injects money into the upper loop of the economy ONLY. This has resulted in net deflation at the same time that we have fairly low price inflation. The FED can't accomplish net inflation because the FED starves the lower loop of money and credit. The banks hold trillions of our debt. They don't want to be repaid in dollars of deflated value. As deflation kicks in, the dollar is worth even more because there are fewer of them.

Yellen could get great inflation if she sent every person 1 $ million. BUT, the banks would get repaid in inflated dollars. The banks want to receive valuable dollars from the lower loop and, at the same time, pay their debts in non-valuable dollars. The rich can more easily pay their debts because they get all the free money. This free money brings them huge profits because they get cost-free speculation in the things that we MUST buy. The more that they speculate, the higher they drive the price and the more they gain.
They translate upper-loop monetary inflation into lower-loop price inflation. This works for a while. As the lower loop gets ever-poorer, they abandon more and more segments of the economy that depend on discretionary spending. As prices go up, a higher % is spent on necessities. The monetary inflation of the upper-loop combined with decreasing purchasing power concentrates all spending into food-and-fuel.

All the statistics show huge gains in the upper loop. ALL the money went to the top 1%. The top 1% can't spend this money. ONLY the middle class can spend this much money. The 1% can stash it away but, they would be stashing away mountains of debt that have no value. The debt notes only have value if they can be redeemed. Sure, the Waltons could buy the Mid-West. Then, what would they do with it??? watch everybody starve to death?

The 1% have robbed the rest with monopoly capitalism and debt traps. They know it can't keep going. They don't know how to undo it. They can't raise wages because that would bring more outsourcing and automation. We have had a massive deflation in earning and spending. Only a massive deflation in price would bring back our former standard of living. 50% of the cost of anything that you buy is for finance. We work about 1/4 of the year to pay taxes. Get rid of banks and GOV.

[Danny B]

204 countries in currency reset

There is a lot of chatter on the net about a currency reset. Lindsay Williams talks about it. https://www.youtube.com/watch?v=j4OsiGo10cIAsk the Expert – Jim Willie (May 2014) | Sprott Money News

[Danny B]

In 1968, GOV declared that the money printers no longer had to have a 25% gold backing. Yep, shut off the credit spigot. That is what the bankers have done to the producing economy. When the producing economy goes bust, the bankers can claim all the means of production.So,, 65% of your earnings are stolen by the money printers. Add in pump and dump AND confiscation of collateral. Don't worry, it's all legal.
Good vid. https://www.youtube.com/watch?v=3YR4CseY9pk

[Danny B]

Oil,,, again and electricity

I already mentioned that the top energy producers in Europe had lost billions of dollars. America screams that it has HUGE reserves of oil and gas BUT,
"As recently as yesterday, the much-publicized Monterey formation accounted for nearly two-thirds of all technically-recoverable US shale oil resources.

But by this morning? The EIA now estimates these reserves to be 96% lower than it previously claimed.

Yes, you read that right: 96% lower. As in only 4% of the original
estimate is now thought to be technically-recoverable at today's prices:"

Affirmation;
The Status of U.S. Oil and Gas Production (Spring 2014)
"According to Art Berman, the vast majority of U.S. oil and gas companies are losing considerable amounts of money on tight oil and shale gas production."
"As an example, Chesapeake Energy, one of the largest natural gas producers in the U.S., lost $1 billion in 2012 while its total debt increased to $20 billion."
Just imagine how America would look with $ 10 gasoline.

[Danny B]

Andros, Nenner and Soros

http://www.24hgold.com/english/news-gold-silver-china-countdown-to-crisis-.aspx?article=5477017326H11690&redirect=false&contributor=Ty+Andros&mk=1

"There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved." - Ludwig von Mises

Every developed economy and many emerging economies sit directly in the crosshairs of this simple statement. The debt orgy continues and shows no sign of abatement as the BIS recently published a paper outlining that over $30 Trillion dollars of debt has been issued since the Global financial lows in 2008."
$ 30 trillion and,,, what did it get us?George Soros sells all shares of Citigroup, Bank of America and JP Morgan | Intellihub NewsCharles Nenner: War is Coming and US Dollar Collapse in 2014 | Greg Hunter’s USAWatchdog

[Danny B]

Problems here and there

Not much new to report. They put a crooked billionaire banker in jail in Iran and then,,,,, "Khosravi's lawyer, Gholam Ali Riahi, was quoted by news website khabaronline.ir as saying that the death sentence was carried out without him being given any notice. Death sentences in Iran are usually carried out by hanging."
Iran billionaire executed over $2.6B bank fraudJürgen Stark advierte de un colapso en el sistema monetario mundial

The big dogs say that there is a problem; Wall Street: 98% Risk of Crash This Year

Read Latest Breaking News from Newsmax.com Wall Street: 98 Risk of Crash This YearWalmart Is Falling Apart Before Our Eyes
And, for something truly weird. https://www.youtube.com/watch?v=P2jn_lxrrPg

[Danny B]

economy shrinking,,, debt growing

The credit bubble is growing beyond all belief. BUT, credit is debt. Britain thinks that their debt is about 500% of GDP. Actually, it is closer to 950%
Everything You Think You Own Has Been Borrowed - The Automatic Earth
Interest rates have been driven down to zero. Stock earnings have been driven down to about nothing. Just Two Charts | Zero Hedge
OK, so, no interest income,,, no return on stocks. The insurance companies, hedge funds and pension fundsThe Pretty Girl and the US Economy - The Automatic Earth'300 Americans have the same amount of wealth as their 85 million poorest Americans' - Russel Brand - News - World - The Voice of Russia: News, Breaking news, Politics, Economics, Business, Russia, International current events, Expert opinion
The rich know very well that an economy can not function with this kind of disparity. It is the bankers who got us to this point.

[Danny B]

The Paradox of Imperialism - Hans-Hermann Hoppe - Mises DailyThe US Empire is in Decline | This Can't Be Happening!