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| Joined: | Mon Nov 21st, 2005 |
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Anyone,
Gary North again, the go to guy, holding the fire under the legal criminals, as those lying, cheating, torturing, and mass murdering, serial killers extraordinaire, transfer the power from the source, which is the honest productive people of America, and use that power to keep the power flowing, by any means necessary, including the aforementioned crimes against humanity. And the skeptics may claim, this, or that, but all that has to be done to hold the actual people accountable is to follow the money to the source, then follow where it goes, what it buys, and who cashes in on the current crimes of the century. Look into Comprehensive Annual Financial Reports.
You may have heard that the Federal Reserve System is the lender of last resort. This is a misleading concept. The Federal Reserve loans the U.S. government newly created fiat money. The government issues the FED an IOU. It is backed by the full faith and credit of the United States government. But who stands behind the United States government, wallets in hand? You do. And so do I.
We are the victims of last resort.
So, humanity, are you embarrassed by your gullibility, at all, as the power still flows from the victims to the criminals, and it is accelerating, and the rate of acceleration is accelerating, as the honest productive people grow ever weaker, and as the legal criminal grow strong enough to increase the rate of acceleration of power flowing to them, by way of deceit, and by way of threats of violence, and by way of unaccounted examples of horrific mass violence?
Just a tad embarrassed?
What is the pay off for willful ignorance, and what is the profit for parroting the lies, how does one rationalize such embarrassing moral irresponsibility?
I didn't know?
I was following orders?
Really?
Do you see what this implies? A rising debt ceiling is built into American politics. Using Geithner's logic, there is no escape from an ever-larger national debt. Every year, the ceiling will have to be raised. Medicare is in the red. Social Security is in the red. Combined, they are about $100 trillion in the hole, according to some estimates.
There goes more of the gullibility. Who claims that "we are broke"?
Look at the debt clock:
http://www.usdebtclock.org/
That is a measure of the power flowing. The power exists. The power is a power to purchase. If it is not power, it cannot purchase. When they say that "we are broke"; they mean "we want more of the power we are stealing from you".
If there is more to take, and they know there is more to take, then they take it, anyway they can, including by way of the lie that "we are broke".
Why parrot that lie?
We are not broke. There is plenty of power, abundant power, so much power that the legal criminals can steal much, or most, of it, and then consume that power to destroy our ability to produce power, and use our power to destroy other people in other countries, and there is so much stolen power that there is enough power to rebuild the other countries that they destroy, and so much stolen power that they can BOOM the Chinese economy.
How much power is there, not who owns it, how much power exists?
Call the total supply of surplus wealth X.
Is that supply increasing or decreasing? If the legal criminals use that power to BOOM the Chinese economy, then the total supply of power is increasing, as the power is used to make more power. If at the same time that power is used to destroy Libya, Palestine, Iraq, Afghanistan, Pakistan, and other countries, then the total supply is being used up, it will be decreasing, as the power is used to destroy power.
How much power is it?
It is enough power to BOOM the Chinese economy, destroy Libya, Palestine, Iraq, Afghanistan, Pakistan, feed most of the people in the Unites States, and construct two cars in every garage, all the garages, all the houses attached to all the garages, the roads, the Space Program, the welfare programs, the corporate subsidies, the secret military, the underground bunkers, the nuclear industry, bio warfare research, and the list goes on, and on, and on, and all that purchasing is the measure of the power to purchase, which is the measure of the entire sum of humanities power to use power to make more power, power enough to construct Pyramids before the discovery of oil, before the advantages of industry, before electricity, before air-flight, and before global networked communication whereby anyone can instantly contact anyone else and transfer information immediately.
How much power is the power that they are claiming is the true measure of us being broke, as those people are driven in limousines, to one of their summer homes, on one of their summer vacations?
Who says "we are broke" - Gary North?
If they have the power to steal all the measurable surplus wealth, then they are not broke, and once they have that power they can take anything away from anyone, or everything from everyone, all the power to purchase, by using the same tool they use to steal the power - they manipulate the legal monopoly money supply.
What happens if all the honest productive American people stop using The Dollar on July 4th 2011, and begin using a competitive, accurately, honest, high quality, and low cost money instead?
The National Debt clock then measures something other than the connection between the honest productive people and the legal criminals. Who ever is left using The Dollar is left holding an empty bag, because the source of the power has been disconnected from that legal extortion racket?
What then is the measure of the power produced by the honest productive people once the honest productive people stop using the dollar measure? No more "we are broke". Then it is just "they are broke"; meaning those left holding onto that fraud account.
What then, when all the honest productive people of American begin using their own honest legal money, or many diverse competitive currencies, once the flow of the power to the legal criminals stops, what is then the measure of the power of the honest productive people of America, who can say then, that "we are broke", and what is used to measure how broke we are then?
How does anyone measure the "full faith and credit of the" honest productive American people?
The scam is such that the lenders (the honest productive American people) are told that they are the borrowers, and if the honest productive American people are broke, it is a lack of knowledge, a lack of will to resist victimization, and in that measure we are broke, not by the measure of power to purchase, not by the measure of the power to produce surplus wealth, and once the honest productive American people figure out the scam, and figure out the tool that is used to facilitate the scam, The Dollar Hegemony, they will be powerful enough to end their victimization. They will no longer be broke.
We are the victims of last resort.
The honest productive American people are the lenders. Who is paying the lenders the interest payments, and the principle payments, that they earn for lending the power to purchase to the borrowers?
A. Honest productive Americans are the lenders.
B. The legal criminals borrow from A
How can the lenders be so stupid as to actually believe that they owe someone something for having loaned something to someone?
The scam is so incredibly bold, and audacious, that there is very good reason why the legal criminals think that their victims are stupid, inferior, and deserving of victimization. Look at how stupid it is, for the lenders, the honest productive American people, to believe that they are broke, and that they owe the people who borrow from them, instead of the other way around.
Imagine going to the Bank.
You sit down and take out a new home loan, for 100 thousand dollars. You then send the bank a monthly bill, not a payment, a bill. You send the Bank a monthly bill and you charge the Bank a monthly bill that begins to transfer the interest you charge the Bank for you having borrowed money from the bank, and then you charge a principle payment transferred to you from the Bank, as the Bank pays you for the money you borrowed from the Bank.
You borrow 100 thousand from the Bank. You then charge the Bank an amortized payment schedule whereby the Bank pays you an additional 100 thousand dollars of principle, and you also charge the Bank 100 thousand dollars of interest payments, because, as you say to the Bank, you borrowed money from the Bank.
Because you borrowed from the lender you expect, and you receive, monthly payments of principle and interest from the Bank, because you borrowed from the Bank; the borrower is owed principle and interest payments for having borrowed from the lender.
Got it?
You borrow 100 thousand dollars from the Bank.
You tell the Bank that the Bank now owes you 200 thousand dollars, for having loaned you 100 thousand dollars.
How do you convince the Bank that that arrangement is acceptable to the Bank, how do you get the Bank to believe such a ridiculous fraud?
You think I'm stupid?
Read Gary North (who appears to be as yet still duped into the belief that "we are broke"):
You may have heard that the Federal Reserve System is the lender of last resort. This is a misleading concept. The Federal Reserve loans the U.S. government newly created fiat money. The government issues the FED an IOU. It is backed by the full faith and credit of the United States government. But who stands behind the United States government, wallets in hand? You do. And so do I.
We are the victims of last resort.
Who is borrowing power from who? Who owes who? Who is paying who for what?
Where does the power to purchase originate, where does that power come from, and how is the transfer from those who create that power to those who then spend it managed?
Power does not exist at a point in time.
Then someone makes more power.
Now power does exist.
The producer of the power has it, of course, the producer made the excess power, the producer produced the surplus wealth, the producer consumed less and produced more, and the producers produces surplus wealth, from a time, and from a place, where there was no power.
Someone has the power that that same person produces.
How is that power then transferred to someone else?
What is that transfer called?
The power producer has power. Power flows to someone else?
Who is the lender?
Who is borrowing?
Who owes who?
If the producer believes that the power flowing to the other person constitutes an obligation to pay more, and more, and more, and more, because that power started flowing in that direction, if that happens, then that is called what?
Stupidity.
Fraud?
Willful ignorance?
The lesser of two evils?
What else can explain that transfer?
The powerful people empower the legal criminals, and the legal criminals then use that power to keep that flow of power accelerating, making the powerful people less powerful, and making the legal criminals more powerful, until such time as the power producers can no longer produce power.
Does that make the power producer broke, or just incredibly stupid?
Of course the legal criminals smirk.
Of course the legal criminals laugh as they give themselves bonuses, and raises, and extended vacations, and piles and piles of tortured and murdered victims stink to high heaven, on your dime.
You are next.
They can afford to laugh.
How much longer can you afford to be so stupid?
I'll read more of Gary North - while listening to Alex Jones, and I may comment further.
Hold on:
Alex Jones says: "Most Americans would..." Obey orders to walk into a mass grave to be shot to death, with their own children at hand?
If we are so broke, as to believe that we owe legal criminals for the privilege of being their victims, the we are certainly broke - that broke?
Who is on that list of "we"?
Back to Gary North:
The constant absorption of capital by the U.S. government cannot go on forever.
No, Gary, the legal criminals have actually recorded the money trail in their published documents called Comprehensive Annual Financial Reports, and they are people, the criminals are people, they have names, they willfully plan on that "constant absorption of capital by" them, those names on those reports, or the names of the people behind the false fronts named on those reports, the limited liability corporations, or whatever label is on the paper. The actual power is wielded by actual people. The power flows to actual accounts, where actual people have the power to use the money in those accounts to purchase; they have names; actual signatures from actual human beings cause the power to flow as directed by the person signing, authorizing, and making the transfers happen, and the "U.S. government" cannot be responsible, and "it" can't be held accountable, so that error, of blaming a thing, for the crimes committed by people, is part of the fraud, parroting the fraud, supporting the fraud, being the fraud.
Why parrot the lies one more time? What is the pay off?
This means that when the Federal Reserve finally stops buying U.S. debt, there will be a great default. I mean finally. I do not mean temporarily. I do not mean this year. The fear of another recession may keep the safe-haven money flowing into the Treasury this year. But, at some point, investors will demand higher interest rates. Geithner's letter raises this specter of higher interest rates if the debt ceiling is not raised. But this threat will also exist if the debt ceiling is raised and raised again, as it will be.
None of that means anything to anyone not connected to that legal monopoly money, so why care about it? Why put any power in it? Why not divorce yourself from it, and connect to honest productive people instead, connect with a new connection, connect with competitive honest money instead, and the honest money, if it is higher quality, and if it is lower cost, will be designed to effectively prevent connections to the legal criminals.
Honest productive Americans are now connected to the legal criminals by way of the legal monopoly money power, the dollar unit of currency, and that can end, and no owner of that money can demand interest payments from anyone not connected by that fraudulent connection.
There is no demand for any interest payment when the victims are no longer stupefied and victimized by that legal money fraud. A replacement money, a competitive money, an honest money, a secure money, in place, removes that flow of power. Honest productive Americans stop the flow that weakens them, and stops the same flow that strengthens the legal criminals, and thereby the legal criminals can no longer demand interest payments. Who would pay those demands once a competitive choice is less expensive, less costly, and much more powerful for the person, and the people, choosing the better option? There is no longer a power to enforce such demands of interest payments, or principle payments, or mortgage payments, or even tax payments, not in dollars, no longer in dollars, since honest productive Americans invent and use their own honest productive American currency.
What is the problem?
Rising interest rates?
Really?
Who says so?
A dollar supporter? Someone betting the farm on the good faith and credit of the dollar unit of currency?
The dollar is controlled by criminals, why use that money?
Why fight the criminals at all? Why not ignore them? Why not cut the credit card? They borrow money and then they say the lender owes them principle and interest. How stupid can people get?
The Federal Reserve at some point will start buying Treasury debt again to keep rising rates from crippling the economy. This means price inflation will return, as it did in the late 1970s. Then it will move above that era's rate of rising prices. This is why the FED will eventually have to face the music: either hyperinflation or the Great Default. I believe that it will choose the Great Default. If it refuses, then the dollar will collapse.
In either case, the division of labor will contract. In either case, there will be bankruptcies. There will be massive unemployment of people and resources.
We are nowhere near this moment of truth. I know there are lots of people out there who say that hyperinflation is imminent. They are wrong.
That is entirely a dollar denominated network of individuals connected by that single legal currency, and it has nothing to do with anyone who manages to get by with something better than the dollar, anyone, or any group, managing to invent, and maintain, a better legal money has no interest in that dollar denominated crisis, or fraud, or gravy train, or whatever it is to whomever benefits from it, or whomever is injured by it. Why do people consider the dollar to be the only measure of the power of the honest productive American people, as if no other measure can exist.
If the measuring device is false, get one that isn't.
What is the problem?
At some point, interest rates will rise. Then we will see the negative consequences that Geithner described in his letter.
Why will interest rates rise on the dollar unit of legal fraud money?
There will be a Great Default when voters finally say, "We're not going to pay." On that day, your net worth had better not rest on a pile of IOUs issued by the U.S. government. Otherwise, you will be like Thomas Mitchell, in "Gone With the Wind," sitting at his desk in 1865, mad as a hatter, insisting that he was rich. Why? He had lots of government bonds issued by the Confederacy.
Betting the farm on the ability of legal criminals to keep the power flowing from those who create power to those who steal it with the legal monopoly money fraud is cause for hedging, and the Austrians tend to suggest hedging, by betting, or by investing, or by buying gold, silver, and other measures of surplus wealth.
Why not buy things that make more power out of less power?
A Solar Panel.
A Farm, or even a Modular Home Vertical Farming Unit or two.
Knowledge, wisdom, or something other than stupid voluntary victimization, which is the measure of the legal dollar money fraud extortion racket, is an investment opportunity that leads to more power, abundant power, and avoiding bankruptcy.