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Reading the press releases from the Federal Open Market Committee (FOMC) we see that the FOMC intends to keep interest rates at a low level for an extended period.
Honest Productive Americans,
Interest is interesting. Please consider reading the following:
http://www.the-portal.org/mutual_banking.htm
There is an essay in that work titled The Parasite City, which is of particular concern, and a basis, not the only basis, a basis, from which my perspective on the subject of interest is launched.
You may have no time left to read, after working, and news of current events drag you down even lower from a low point of having expended all you can expend in one day at work, producing the highest quality product, at the lowest cost, in competition with other Honest Productive Americans and in competition with people in other countries who are now subsidized, given your power, so they can run you out of business.
You may laugh, at the absurdity of it, as you begin the process of recharging your power for the next day at work.
Your payments to the legal criminals finance your doom in more ways that one, and this is not news.
Here, again, is the historical president:
http://www.constitution.org/civ/comsense.htm
Society in every state is a blessing, but government even in its best state is but a necessary evil in its worst state an intolerable one; for when we suffer, or are exposed to the same miseries by a government, which we might expect in a country without government, our calamities is heightened by reflecting that we furnish the means by which we suffer!
More than a small portion of your power is stolen from you in forms that are very devious, not limited to direct taxation, and that power finds it's way to people who compete with you for your productive capacity, and that is not merely true, that is measurably true by actual documentation on digital and paper trails, not limited to dollar denominated financial transactions. In effect: you work to pay for your own demise. You work so as to have your productive power handed over to the people who then have more power to take more power from you, in many more ways than one.
How about looking at one.
Interest is interesting.
The best way I've found to help you see just how interesting interest is, is by way of illustrating a new use of your power, and this new use of your power can be shown to you as a directly competitive example of how your power could work better for you when compared to how your power is now working against you.
I illustrate how interest works, against you, by showing how interest can work for you, and I use two products to help illustrate how interest can work, compared to how interest works now.
Product 1 is a legal financial instrument that could be lawfully produced by specific licensed franchises, or Product 1 can be produced in a black market, and in either case the actual product works the same way to you.
Product 1 is a home or business mortgage loan offered to people who have a proven history of paying back every cent borrowed, and furthermore, these customers also have a history of paying large sums of extra money for the privilege of borrowing money, and the home mortgage exemplifies this fact.
An Honest Productive American now borrows a home mortgage loan and when that loan is paid in full, plus interest, the borrower sends one entire home cost to pay back the cost of the home, and added to that repayment of the entire amount of money borrowed the Honest Productive American will pay one whole home cost extra and that is an interesting arrangement since the bank didn't build another home, all the bank did was to collect your money, for doing very little work, almost none compared to how much work is involved in constructing a home on bare land.
You have to pay for the home, you live in it, it is your home, you work to pay for it, even if you are working in a bank, working, working, one cent worth of work at a time, working each hour, each day, each month, and paying for that home, and you pay for two homes, one you live in, and one entire home cost that flows from you to the bank profiteers, not the workers at the bank, your entire extra home cost flows to those few who profit from the legal banking franchise, and that can be known precisely, by following the money trail - denominated in dollars.
You are told, by official, licensed, economists, of authority, that the interest payments you make are all part of sound economic realities, and I'm here to help you shed that false belief in those lies.
The same people who now take your money, in many forms of taxes, pay those bankers, with your money, to help those bankers rob you blind, and the home mortgage loan, funny business, which isn't funny to homeless people, but it is probably very funny to the legal criminals, those same people, in criminal government, can just as easily legalize a no interest mortgage loan product as they can legalize the legal robbery going on now. They won't, of course, but they can, with as much ease.
You have to ask yourself, because I can't force you, why, oh why, do you not earn something for having always paid back all your loans, every cent of the money you borrow, and on top of that, you also pay back extra money added to the money you borrow, why does that not earn something? Not only are the lenders able to get back every cent of the money you used, while they weren't using that money, you also paid the loan people a tip. You tipped the lenders handsomely. You tipped 100 percent at the end of a 30 year loan, since you pay the check, which is the home you bought, and you tip them the entire price of another meal, 100 percent.
You are really nice.
The problem is such that they are not waitresses, struggling to pay off their own home mortgage loans, they are legal criminals, and they have the exclusive franchise to create the money that you borrow, and they say, and you may hear many people repeating what they say, when they say that the money they create is backed by the good faith and credit of The American People, not the good faith and credit of The Chinese People, and not the good faith and credit of the European People, and not the good faith and credit of the Russian People, you, they say that your good faith and credit is worth enough to create this money that you borrow from them, and then you pay them to let you borrow that money from them, which is backed by your good faith and credit, despite the fact that there are people in American who do things that don't measure up as good faith, and don't measure up as good credit, but you pay anyway.
Why? Are you really that stupid? I have to ask, and you may well start asking sooner, because it is almost too late to have enough power left to do anything with the answer once you find the true answer.
Product 1 illustrates how good faith and credit works, if it is allowed to work, if it isn't against the law, and even better, if it is encouraged by you, who constitute the full measure, and power, of the law, the tax payers. People who do not produce anything do not pay taxes, how would they get the stuff they pay taxes with, if they produce nothing?
Product 1 is a no interest mortgage loan that you borrow from yourself, therefore there is no reason to pay yourself any interest payments, you borrow the price of a home, and the price of a business, on your own good faith and credit, and then you pay the entire amount back, and when the last payment, you earn, is payed back, there is a net loss to no one, since anyone involved in doing any work with the paper work, are paid with profits they earn with Product 2, which generates 1% interest for each loan amount, and that is a substantial profit, since modern banking can be almost entirely automated, where there are no workers, no honest productive Americans toiling over a computer terminal, crunching numbers, or at a desk pushing paper. You have to ask yourself: how much does it really cost to run a modern bank?
How much does it cost to build a home?
How much does it cost to process one home loan from day one to the end of the term of the loan?
You can't go on-line and construct a home on an empty lot, but you most certainly can go on-line and complete a loan process within the scope of modern technology, having charged no cost to anyone, no work done by anyone, you merely log onto the loan web page, fill in the information, the program checks the validity of the information, and the loan amount is credited to your bank account, and you pay back every cent, on time, and in so doing your information remains valid, as you prove that you are, in fact, an Honest Productive American, and you are one of the reasons why America is known for it's good faith and credit.
If Product 1 was made lawful by July 4th 2012, on that day everything is in place, then on that day you will be well prepared to turn in your old interest bearing loan, if you still have one, and you can get a no-interest mortgage loan instead, and if you don't have a business yourself, you may start thinking one up now, and by July 4th 2012 you may be ready to take that step, borrow a business mortgage property loan, and begin your new business on that day, when that interest free money flows into your account, and you can start earning your good faith and credit independently, instead of working for other people, if that is what you choose to do on that new day.
Why, you may ask, would any bankers want to start selling Product 1 loans, if they make no money?
I've already explained how that works, since Product 1 is like the razor, given away, and Product 2 is the razor blades, the profit making product, and the sellers of Product 1, and Product 2 make 1% interest on each Product 2 loan amount, which is a substantial profit margin when considering the costs of producing and maintaining simple financial instruments.
Who, you may ask, would be selling these new legal financial products that I say are merely a way of illustrating how competition in legal banking can drive quality up, and costs down?
The legal criminals could stop being criminals and they could award franchises to potential Product 1, and Product 2, sellers, based upon competitive bids, or the Honest Productive Americans can reach a point where they no longer want to be victims, and they hire honest productive people into office, with the same result, which is competition in money markets.
Suppose I was elected as President, for example, and I began throwing the considerable weight of that office around, and I did manage to get this ball rolling, and the offer was made, and suppose the following legal companies, which are legal fictions, with CEOs running them, and these companies submit bids so these people can begin legally printing this new money.
1. Skype
2. PayPal
3. Ebay
4. Microsoft
5. E-Gold
6. Amazon.com
7. Facebook
8. Twitter
9. Price Watch
10. The Liberty Dollar
You have there a list of potential profiteers who seek to gain the license to enter into the money creation business of which there is now only one legal franchise, and that one legal franchise is a legal money monopoly, or State Bank, and they have the exclusive power to raise or lower interest rates, at will, uncountably, and without consequence to them, and they have the exclusive power to double the money supply, as the legal criminals running that one legal franchise did in 2008, and they have the power to cut the availability of money in half, if they so desire, and therefore they have the exclusive power to cause economic boom, and economic bust, any place on Earth, or the entire world economy, at will, without redress of any grievance by anyone on the planet. They have the power to cause The Business Cycle World Wide, where only their insider group know when to sell at the top, and when to buy at the bottom during their schedule, in the places, the markets, they boom, on schedule, or bust, on schedule. There is no due process by which those legal criminals are held accountable for their crimes, and you may ask why, or not, you may have too much work to do, sending them your earnings.
Any one of those organizations listed above could submit, and be awarded, their own franchise to begin producing and processing Product 1 and Product 2 loans now. Why wait?
I can explain how Product 2 loans could work, not as an unwelcome additional legal dictate, but as an illustration of how competition works to force quality up and cost down, and interest is a cost, why is it ever high?
I will read the rest of Ron Paul's message, and comment if inspired to do so, after editing this offering.
Moneyholders seek a return on their holdings, and in an era of near-zero interest courtesy of the Fed, saving makes no sense.
Words can be used to convey accurate meaning on purpose. Words can be tools used to deceive targeted victims.
The capacity to save assumes a capacity to produce. Who produces? Those who produce nothing are net consumers, they only consume, since they produce nothing, so how can they save anything?
Ron Paul is not speaking to anyone who has no capacity to produce anything, and that is a large portion of the population. A large portion of the population produce nothing, they have no ability to save, they are net consumers, they only consume, including children, including people suffering from injuries, including people who are too old to produce, including all the criminals, including all the legal criminals, all those people are net consumers, none of them have the capacity to save, since they produce nothing.
Ron Paul may be including criminals in his message, since criminals may use the word saving to describe how they store the stuff they steal, but that is an abuse of the word.
A criminal who steals large sums of money, too much to spend at once, has to stash that stolen money somewhere, and the criminal can call what he does, or she does, when the criminal stashes the stolen loot by saying that he, or she, is saving the money.
Why save money?
If you are a producer is it better to save money or use money to produce more, also known as investment?
Ron Paul is not speaking about "saving", as far as I can tell, he is speaking about investing. A net producer, a person who produces more than the person consumes, can invest extra production (above consumption) in a "savings account" whereby the money makes more money, which is called "interest" which is interesting to say the least. That would be an investment, not "saving", as the investment generates an income. Saving is storing, there is no loss, the thing saved is stored, for later use, it is secure, preserved, saved. Investment is the use of something to gain more of something, a net increase of something. Get it? Having money make money, for you doing nothing, your "savings" makes you money, and you do nothing, is what, isn't that the definition of "easy money", you get money, for doing nothing?
How deep does the mire go, and what is the cost for not finding out, and who pays the cost? Who profits from the steady production and maintenance of falsehood?
The reason for money making money is such that money is made scarce on purpose, there is a concerted effort, by people who have the power to accomplish the goal, to cause the supply of money to be lower than the demand for money, and as that disparity widens, to an extreme, the charge for borrowing scarce money hits the extreme high price.
Who would ever want to make money so scarce, so difficult to get, that people without it will pay to get it?
You may think that the question is stupid, based upon how things are, how things have been, and may I remind you that things are made the way they are because Honest Productive People have been sending their earnings to legal criminals for centuries, and that flow of power has been used to keep that flow of power flowing in interestingly new ways, and in interestingly old ways, so long as the power keeps flowing in that direction.
Money can be nothing more than a tool by which a seller of something prints a ticket and the holder of the ticket can turn in the ticket and get the thing being sold, according to the good faith and credit of the seller, who sells the thing produced, and the same seller who sells the ticket. How much is the ticket worth? The ticket is worth one thing. If the one thing is very valuable, then the one ticket is as valuable, if the seller honors the ticket, if not, then the seller of the thing, not honoring the ticket, steals, robs, takes, commits crime, by selling a ticket that is falsely advertised as being worth one thing. How long can such a person, selling things, and selling tickets for things, last, in a competitive market, where competitors sell things, and sell tickets, and don't steal?
What is the point in saving? If the seller wants to sell more things, sell more things, if the seller prints up a bunch of tickets, sells the tickets, then has another form of money to use to buy materials needed to make things, the ticket buyers return with tickets, and the seller, by then, has made the things for sale. Will the Austrian Economists cry "Inflation"?
Money can be anything, or it can be only one thing, and if it is only one thing, then the single producer can make the one thing very scarce, and cause a bust, where the price for money, the interest rate, is very high, and then the one producer can produce and sell an abundant supply of money, giving it away, even paying people to use it, to cause a boom, and so much money is available that no one has to pay anyone any interest, and then do that routine over, and over, and over, again, which is called The Business Cycle, when there is only one money.
If one producer of money is working the customers like victims, with The Business Cycle, why can't another producer of money be allowed to compete? What happens to the producer of money who is working the customers like victims with The Business Cycle when a competitor is not working the customers like victims with The Business Cycle?
Which money will you choose if you have a choice?
A. The low quality high cost money.
B. The high quality low cost money.
How would you know the difference?
You don't? Why?
Ask Ron Paul?
Seriously?
Personal answers from Ron Paul are scarce, and I think he charges a very high price for such access, unless he is selling something else in the deal.
Money can be anything to any two, or more, people. Those who use money to commit crimes will either be found out, and avoided, whereby their money is of low quality, and high cost, or such criminals will remain unaccounted for, and they will perpetuate their crime spree indefinitely.
Ask anyone, but me, and see if you get any response, let alone a reasonable response, to the question of money quality and money cost, where the question asks which money, in a free market, will be the highest quality money, at the lowest cost, see what you get, then tell me, please.
Money can be produced by you as you work to sell a product that you don't yet have the funds to make, and you print up tickets to sell to people who want to buy what you will make, and that process buys for you a market survey, using the money you print at home, on toilet paper, if needed, used toilet paper, if needed, and if the thing you want to make, and sell, is demanded, your money will sell, and the money you sell will circulate back to you, once you have the power to make the thing that is proven to be in demand, since you have sold used toilet paper to people so that they have a claim on your future production.
What do you receive as payment for the sale of your used toilet paper money?
What do you need to make the thing you want to produce? Do you need a truck load of wood?
Who is selling the wood? What does he, or she need?
Why does anyone cut their production down so as to cause scarcity, so as to cause the price to go up, so as to increase the flow of power to them, from their customers, on purpose?
Because they can.
Because no one else is in competition, because choosing to cut production down, so as to cause scarcity, so as to cause the price to go up, so as to increase the flow of power to them, from their customers, on purpose, has no negative consequence, because there are no competitors who won't choose to make the supply scarce, so as to cause the price to go up, so as to increase the flow of power to them, from their customers.
That is why the law criminals use law to destroy competition, where ever, and when ever, competition arises.
If there is a high interest rate, ask, please, ask, where is the competition? Where can I get higher quality money, at a lower cost, while that one producer of money is purposefully making money scarce, so as to cause the price to go up, so as to increase the flow of power to them, from their customers?
Ask Ron Paul.
Ask me, while you have me, in case you do get a chance to ask Ron Paul, or any potential "representative" of The Honest Productive Americans, so you can practice on me, I'll be the practice dummy, you can ask me these questions, to get an idea of the scale of answers, from best answer to worst possible answer, and as far as you are concerned, I suppose, my answers will set the lower limit. Once you have the lower limit, of worst answers, from me, you can gauge those higher quality answers that you may someday get from your potential "representatives", to see if their answers reach my lower limit level. Let me set the bar very low, and see if it is low enough to get down to the lies offered by the hired liars.
You are hiring professional liars, right, so my accurate answers are the lower limit, because they are so truthful, and that won't ever do, but, you do need to know how good the employees lie, so don't you need a standard from which to measure the quality of the lie you are buying?
Combined with the still-shaky condition of the banking and financial sector, it is not surprising that much of the recently-created easy money has flowed into tangibles such as agricultural commodities, metals, and land.
Listen people, the use of the words "easy money" is deceptive in the extreme. I'm sorry to have to burst your bubble here, but in my own best interest the truth needs to be reported. Back when the legal criminals were creating the boom part of their business cycle in the housing market they were pushing something called "liar loans", which was not easy money, it was criminal fraud made legal, which isn't easy, as confessed by the people who were threatened with their jobs if they didn't commit these fraudulent transactions, these "stated income" frauds. That is not "easy money".
If you earn a high credit rating, why does that not earn, for you, a low interest charge? There is nothing easy about earning a high credit rating. To blame you for the crimes committed by criminals is to charge you a high interest rate for the willful crimes committed by legal criminals. To punish you, by charging you a high interest rate, while you have worked hard to earn a high credit rating, is called collective punishment.
A few people, or a number of people involved in "liar loans", commit fraud, are coerced into participating in fraud, and you pay for it, as you are being blamed for this "easy money" scam. You think I'm kidding? What is the solution to "easy money"?
High interest rates.
Who pays high interest rates?
Everyone.
Why?
Because.
Why?
Because of "easy money".
Really, you mean: everyone has to pay for the crimes committed by a few people involved in the liar loan scam, as the legal criminals boom the housing market, so as to know when to sell at the top of the boom, and then the legal criminals bust the housing market, so as to know when to start buying again, and the solution to that "easy money" problem is to raise interest rates on everyone, including all the Honest Productive Americans who earn difficult money, by honestly producing high quality products, at low cost, despite having their power stolen and used to make their competition more powerful?
Really?
The Fed's easy money policy has also enabled the federal government to increase its total debt by 56% since 2008, an increase of over $5 trillion.
There isn't anything easy about working your ass off for 30 years to pay off one home mortgage so as to own a home while having to work twice as much so as to pay for the equivalent of an entire second home, working twice as much as needed just to pay off one home. That is not easy money. That is almost exactly twice as not easy as it can be, but isn't, because The Federal Reserve System of Extortion is a money monopoly, and therefore there is no effective legal money competition, which would reward people who earn good credit, by lowering their costs of borrowing money, since they generate no cost, and since the opposite is true, they, The Honest Productive Americans, are the source of backing for money, the good faith and credit of The American People.
What do you think happens when criminals are rewarded with "easy money", while, at the same time, those who work hard to produce the value backing the money are punished, collectively, for the crimes of the few?
Reward crime, and what do you think will happen?
Punish honest hard work and what do you think will happen?
Confused?
Stop being confused, it is powerless.
Thanks to the Fed driving down interest rates and purchasing debt as fast as the Treasury has issued it, the federal government faces a crunch not only in terms of running up against the debt ceiling, but also in the structure of the debt.
That is another bubble that can be burst, and too bad for those who believe in that bubble. Belief in falsehood is an exploitable weakness. The reason why the home grown legal criminals are forced to lower interest rates is attributable, directly, to competitive forces - worldwide. We, in America, are not the only source of legal crime money. There are competitors. The competitors can play the same game, they can cause their own booms and busts in their own lands, their turf, and they can suck their productive capacity down to negative capacity faster than our home grown legal criminals can, and when they do that, we are relatively more powerful, because our productive capacity is not as quickly stolen from us, used against us, and that is competition.
China, for example, can force The Dollar Hegemony, to quicken the pace, or arrest the pace, at which The Dollar Hegemony steals the productive capacity from it's victims, because China adjusts the rate at which the productive capacity is stolen from its victims.
If The Dollar Hegemony steals too much productive capacity from its victims too quickly, while China is increasing the productive capacity of its victims, allowing the honest productive Chinese people to control more of their earnings, so that the honest productive Chinese people can do what they do best, which is produce honestly, then The Dollar Hegemony will eventually lose dominance, or World Reserve Currency Status, if that disparity is allowed to continue, on schedule.
Raising interest rates, at home, while China is on the boom schedule, will cause a sudden, and rapid, and off schedule, unwanted, dollar value reduction, because the productive capacity of The Honest Productive Americans will be reduced as rapidly, as suddenly, and that is not on the schedule at this time.
War is on the schedule at this time. World War III is on the schedule at this time. Interest rates have to be low, at this time, because The Honest Productive American People have to make all the products required to be the powerful opposing force which will fight the opposition in the war that is on the schedule.
Why are the Honest Productive Chinese People not realizing the benefits of a free market? Why are most, if not all, the profits flowing to the same few people as those same few people collect the profits from The Dollar Hegemony extortion racket? Where is the actual power to purchase flowing, and what is being bought?
In 2008 The Federal Reserve System of Extortion operators doubled the money supply. They borrowed an amount of money from The Honest Productive American People that was equal to the entire amount of dollars already in circulation. What did they buy with that money?
The are buying World War III.
They don't want you to know, it is a trade secret, and it is very interesting, but scary, so you may want to close your eyes, cover your ears, and shut your mouth, this is information that is not for public consumption, and it is information that is on a need to know basis. You don't need to know this information. You need to get your head down, you need to grovel when told, you need to work harder, and you need to get by with much less, and when told you must obey, without question. This is America, home of the obedient, land of those who don't question. Get back to work.
ZIRP and quantitative easing cannot hold down interest rates forever, as at some point investors will rebel and insist on higher interest rates for US debt.
Fail to know the truth, and what will be the cost of that failure?
Legal criminals borrowed from the Honest Productive American People, and then they turn around and claim that you owe them the entire sum they borrowed from you, plus interest. Not only is that avoidable, completely avoidable, as easy as the grocery store check out person cutting the credit card of a known dead beat, not only is that as easily avoided, once it is done: The Honest Productive People in American can then return to honest productive life, offering everyone in the world the highest quality, productive products, at the lowest competitive cost, over night.
Who, by what power, is going to demand interest payments, from whom? Who gave these people license to steal by that method? When that license is revoked, what happens?
It is a good idea to warn all the people who have grown accustomed to life earned by deceit, by threats of violence, and by way of aggressive violence upon the innocent, that their gravy train will end on a date, and time, on the calender, so as to afford anyone time to adjust.
Think back to the dead-beat shopping at the grocery store, spending time and effort collecting things to put in the cart. At the check out counter, with a full cart, in line, moving to the check out person, having all the things in the cart checked and a total produced, then the dead-beat hands the clerk a worthless credit card, and it is cut in half, and all the stuff has to go back on the shelf. That is a bad idea. Put a sign on the door, or even clue the stock boys, and girls, and the bag boys, and girls, men, and women, honest productive people, clue them in, and engage them, let them know enough to pass the word, we will no longer be accepting nothing as payment for something good, let alone will we be financing our own torture and our own mass murder at the hands of these legal criminals. Don't bother grabbing a cart. Don't bother filing up the cart. Don't waste your time and ours, your credit car will be cut.
The legal criminals will get the message. Their employers will get the message. Those who are connected will get the message, and everyone will have plenty of time to make the necessary adjustments. The flow of power from The Honest Productive Americans to the Legal Criminals will stop, on say, July 4th 2012, and so, you have advance notice, get used to it now. Don't grab a cart unless you have found another way to pay for your food needs, don't fill the cart up, if you have not arranged to earn a living honestly, don't get in line at the checkout counter unless you have found a charitable person to help you pay for your costs of living, there won't be someone accepting your false debt routine at the check out counter anymore.
If they threaten you with World War III for announcing your honorable promise to stop paying them for using your power to cause World War III, be clued in. Ask them who do they think will be joining that event now that their gravy train is on schedule to stop on July 4th 2012? The investors will know that the gravy train is going to stop. Who will fund World War III then? Who has the power to start or stop World War III? Who has the power to produce empty threats? Who has the power to make those threats real, by mistake, or by force of will?
When they threaten, reply:
Been there, done that, it wasn't working, it is time to move on.
Thank you very much, but no thanks.
At this point this maturing debt will either have to be paid off or rolled over at higher interest rates, both of which will be very costly for taxpayers.
Why?
Get this straight in our heads people: the legal criminals steal power from the source of power, which can be called by any other name, but why, why, why, would anyone call that process an obligation to pay even more?
You earn a living, you produce the stuff that sustains life, and someone steals that power from you. Get that straight. Then the thief claims that you owe them something for having allowed them to steal from you. Do you understand the naked truth here, can you get past the lies at all, let alone to the basic level?
Claiming that anyone owes anyone is just that, a claim, and when due process exists, when people settle for no less than due process, there is an accused person, who is presumed to be innocent.
In this case all the people who have become known as Tax Payers are hereby accused of owing something to someone else, and where is the presumption of innocence, where is the discovery of the facts concerning this supposed debt, where is the trial, where is the due process, how has it been determined that the guilty are, in fact, guilty of this supposed debt?
If you let the legal criminals dictate to you, they will, and if you reward them, they have more power to dictate more, and if you keep on rewarding them for lying to you, threatening you, injuring you, you grow weaker as they grow stronger, and what do you think happens as that process progresses?
This is not news.
We have been warned, repeatedly. This bus has a destination, and it isn't liberty.
Both Pres. Hoenig and I realize that printing money out of thin air as the Fed has done and threatens to continue to do is not a panacea. If zero interest rates and quantitative easing could really solve unemployment, there would be no reason not to maintain such policies in perpetuity. Such policies, however, lead to the formation of asset bubbles, as both Pres. Hoenig and I know. Chairman Bernanke’s predecessor Alan Greenspan fueled the dot-com bubble and attempted to stave off its collapse by resorting to one percent interest rates. That created the housing bubble whose collapse Chairman Bernanke is attempting to stymie through zero percent interest and massive quantitative easing. The next bubble is already forming, although which sector will be hit hardest remains to be seen. Pres. Hoenig has alluded to some possible bubble sectors in his district, so I look forward to his testimony and his answers to our questions.
Coincidentally, as you may see, my Product 1, and my Product 2, illustration of how competition in legal financial markets work to increase the quality of money and the cost of money, are reported as zero interest, and 1 percent interest, as does Ron Paul's words as Ron Paul reports on premeditated actions perpetrated by the legal criminals running The Federal Reserve System of Extortion, which is a legal money monopoly, or State Bank, whereby competition is against the law, and therefore the quality of the money they produce can be anything they produce, and the cost of the money they produce can be anything they charge, and the only check, the only force, on that power to produce any form of money they want, is external, or foreign, or outside the legal jurisdiction of that legal money monopoly, such as China, or Russia, or Iran, or Brazil, or Venezuela, or all those State Banking Systems combined into one competitive Cartel.
When Ron Paul demonizes low interest rates, such as zero interest rate, or 1 percent interest rate, as he does in the quote, he is actually reporting facts that have to do with a legal crime ring, organized crime that is legal, and it may be a good idea to accurately discriminate between legal crime enforced money, and the money that would dominate when no single money was enforced by deceit, threats of violence, and acts of violence, and so, having done that, the question arises:
What interest rate would be the interest rate that appealed to the majority of consumers in a situation where competitors offered a competitive interest rate to all the consumers?
A. Higher interest rate
B. Lower interest rate
The answer, to say the least, is interesting.
There are no answers.
Try asking.
Ron Paul claims that there are zero interest loans, and 1 percent interest loans, available to someone. Who has those loans, and what are they buying with those loans, and if they default on those loans, because they buy World War III with those loans, who will be left holding the empty bag, according to Ron Paul?
I must clarify my position relative to Ron Paul, and relative to the legal criminals, and to do so I will confirm my understanding that Ron Paul will end legal crime if he is elected, if he survives. He is on the side of The Honest Productive Americans, as far as I know, but as far as I know: he is not faultless, and neither am I. On my list of faults, however, is not the willful desire to torture people, murder massive numbers of innocent victims for profit, and steal by way of deceit, threats of violence, and horrible violence, the power to perpetuate any crime I can imagine, which are faults on the lists of those people hired to run U.S.A. Inc. (LLC).
It may be as good a time as any for regime change that favors The Honest Productive People in America, while regime change is afoot, on schedule, in favor of the legal criminals, as if they need even more destructive power.