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| Joined: | Mon Nov 21st, 2005 |
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Listening to Alex Jones interview Max Keiser.
I hear false statements; which may be error on the part of Max and Alex, and therefore not willful lies.
Max says that capitalism requires savings.
That is false.
Capitalism requires higher rates of production relative to the rates of consumption; without which there would be a steady decline in all things valuable, as all things valuable are consumed and not replaced by higher rates of production.
Max says that there are two forces fighting against each other (my take on his words); where those who want high interest rates are being overpowered by those who want low interest rates.
That is missing the force of competition which forces any product to higher quality and lower costs. If there is competition then interest rates are forced down.
A monopoly money supplier subsidizes any production, including the production of aggressive wars for profit, and including the production of savings accounts, and including the production of speculators.
Who decides who is subsidized, given welfare, and when? In the Legal Crime business here in America it is The Federal Reserve System of Extortion operators; they stop and start the flow of welfare, they are the income re-distributors.
A person who competes with another person as to what savings is the most affordable, and least costly, and therefore what savings is the highest quality, and the lowest cost, will have no monopoly money supply power subsidizing their savings by making the legal money supply very scarce. That is why interest rates go up, when there is no competition, and that is why "capitalists" who "save" money in legal banking monopoly banks, or Central Banks, have an easy time finding a competitive savings account, since the Legal Criminals subsidize their accounts by making legal money scarce. During typical bust cycles, run by Legal Criminals, running Legal Central Banking Monopolies, the money supply is made scarce on purpose, and during those times "savings" is subsidized, as interest rates rise, and "savers" are then rewarded for "saving" as their monopoly money makes money because it is made scarce by the Legal Criminals. "Savers" can do nothing, and still they have a steady income, when they accept that form of welfare.
So "savers", who are actually just another form of bail out recipient, or subsidy taker, or welfare recipient, during Bust Cycles, which can last decades, as "savers" become those people who are then set against their diametric opposites, who are speculators, as speculators are subsidized during Boom Cycles, when the Legal Criminals are paying people to spend money, which amounts to a negative interest rate, and once an actual, honest, competitive money is in place the interest rate will be forced to nothing more than a cost to cover expenses for the supplier, and a cost attached to risk averse borrowers, and a competitive measure of profit.
Here is where my Product 1 and Product 2 shine to illustrate how honest, competitive, money works. Honest Productive People can earn zero interest, why would they not earn zero interest, when it is their good faith and credit, their productive capacity that causes production to rise above consumption, and therefore it is their honest hard work that creates the capital that does cause increases in the standard of living while the cost of living reduces, so why are they punished with high interest rates while the Legal Criminals (and those who have grown to accept Bust and Boom Cycles) buy the gift of subsidy, with your stolen power?
The gift of subsidy is also known as welfare. The Legal Criminals buy that gift of subsidy, and they buy that gift of subsidy with the power they steal, and then they purchase victims with that gift, and they purchase employees with that gift of subsidy, and they purchase obedience with that gift of subsidy.
Why are "savers" given welfare during typical BUST cycles when the Legal Criminals "tighten" the money supply, and make currency (which is money) scarce, and therefore interest rates are driven up, and therefore the wealth redistribution path goes from Honest Productive People to the Legal Criminals, and then a gift is given, a welfare payment is awarded, for those people who accumulate large sums of "cash" in "savings" accounts - instead of having to find competitive, honest, earning, accounts of productive investment?
Sure a "saver" should have their "savings" saved, when they pay to have their "savings" saved, such a saving gold from theft, which is a cost, and gold, unlike Central Bank Dollar Denominated Savings Accounts, do not generate interest, Just ask a Gold bug, they can set you straight on that point. Why does a "saver" get a steady increase in their "savings" account? It is a subsidy, high interest rates are a subsidy, a wealth redistribution scheme, a give away, a something for nothing racket, with obvious hidden costs - if you care to look.
Why are speculators also given subsidy during a typical BOOM cycle when Legal Criminals "loosen" the money supply, as they pay lairs (as in Liar Loans, or stated income loans) to spend money? Think about that some, as the inflation rate may be 9% while the interest rate on the loan is 4%, which is a net cost to the borrower of negative 5% since the thing purchased, and purchased quickly, will gain 9% relative price while the inflation rate is 9%, holding onto the title of the purchase, paying 4% interest on the loan while holding onto the title, and even collecting rent, and in 10 years, at 9% inflation rate, while the interest rate is 4%, is an effective gain of 5% increase in price over those 10 years. That is negative interest. That is subsidy, or welfare, to speculators in the know. There is an obvious downside, if you care to look.
The downside is such that only the few have the information concerning when the Central Bankers are going to switch from BOOM to BUST and where in the economic network a specific market will be turned from BOOM to BUST or back to BOOM, and therefore savers and speculators (and savers are speculating, and speculators are savers, since both words can mean anything at any time when dealing with Legal Criminals) can be caught short if they buy when they should have sold, and visa versa.
If the FOMC, and everyone connected to them, published all their meetings, so that everyone knew when the Legal Criminals were moving which part of the economy from BUST TO BOOM and back to BUST again, then speculating would be simple, just follow what everyone else does, and no one is caught short, unless someone has yet to learn the source of the schedule, but think about it, and know the truth, there will always be insiders who get a jump on the herd, before the herd is moved in the opposite direction, and they can't, of course, let everyone in on that inside information, or it won't work, and that is the point: a crime includes both a victim and a criminal as power is transferred from the victim to the criminal, the victim can't be warned in advance. That does not work.
Criminal:
"Hi, how are you, Mr. Victim? I"m calling to set up an appointment."
Victim:
"Now is not a good time, I'm almost late for work, and I can't afford another ticket."
Criminal:
"Oh, hold on, this will take a little longer, as I inform my buddies at the speed trap."
Victim:
"Seriously, I have to go."
Criminal"
"Yes, seriously. Please get your entire savings account and have that ready for me this evening, and don't stop at the bar on the way home."
Victim:
"You must be Joe King."
If you are being led to buy Gold and Silver while the price is already at an all time high, from an all time low, then you are merely joining them, joining speculators/savers, in the game. Why not pay off your mortgage instead?
Why not buy Solar Panels and an Electric Car, or two, instead? How about a Modular Home Vertical Farming Unit or two, instead of Gold?
How about more bullets instead of gold?
You have no more money? That is such a big mystery. You work harder, longer, more efficiently, and yet you have no more money?
There are two divisions and they are not the two divisions reported by Max.
Max:
1. Savers
2. Speculators
Those are one group divided into two groups. They are one group.
Joe:
1. Honest Productive Americans
2. Legal Criminals (and their accessories, co-conspirators, cohorts, employees, and willing victims)
Of the first group, which consists of all the honest productive people in American who cause higher standards of living and who cause lower costs of living, and who produce more than they consume, and who are the group of people who produce the stuff that is targeted by the Legal Criminals, the TAX supply, the wealth, the purchasing power stuff, some have savings, some speculate, and many, and even the majority, have been robbed blind, and owe more than they produce, because they have been targeted, exploited, and have had their power taken by way of deceit, by way of threats of violence, and by way of violence upon their number.
Suppose the first group amounted to one third of the population of America, roughly One Hundred Million Americans, and those 100m continue to produce more, while more is taken in TAXES, and of those 100m, roughly half have no savings left, instead, roughly half have debt forced upon them by their parasitic hosts: The Legal Criminals.
Suppose then, that there are Fifty Million Honest Productive Americans left, which are roughly half the source of all wealth, half the source of all taxes, half the source of all Good Faith and Credit of The U.S.A., and they own, currently, more debt than they can produce wealth to pay the debt, in their life time, according to The Legal Criminals.
Suppose that the following is true:
http://www.usdebtclock.org/
Who exactly owes who exactly, and what exactly is owed to exactly who? Know that the Legal Criminals are very precise with the answer, but it is a trade secret.
Who then has any power left to save anything? Who then has any power left to buy gold, or silver, or guns, or bullets, or shelters in the mountains, or food stocks, or any power left to buy speculative purchases of any kind whatsoever, unless they choose to work more overtime, choose to take another part time job, choose to forgo any vacation time, choose to forgo any medical treatment, choose to forgo any luxury of any kind, and choose to work harder, and harder, and choose to stay competitive with higher quality production, and choose to stay competitive by lowering the price of the same production?
Who are these savers, and the speculators, who constitute the two groups Max reports?
What ever happened to The Honest Productive Americans, who produce higher quality stuff, at lower costs, and can out compete anyone on the planet, so long as they are not victims of Legal Crime?
If the only "News" that is ever reported is the full measure of The Legal Criminals, those who are alternately subsidized, and then taxed, voluntarily, joining in on the "business as usual" business cycle, for fun and profit, at the expense of someone, since that occupation does not produce anything, then is that all there is, because that is all that is ever reported?
Because The Honest Productive Americans are "the silent majority" they don't exist?
The Legal Criminals know exactly who The Honest Productive Americans are, they have a vested interest in knowing that precise information, since that is the actual source of their power, and they didn't trip over that power supply, that power supply is meticulously targeted, exploited, and ruined, on a schedule.
A paper trail exists.
Max did offer a good new report on Bill or William Black.
Max said that William Black fingered 1000 Legal Criminals. How is that for a ratio? What would happen if there were 1000 William Black's managing the same ratio? Why not start at the top, and sweep down? Why not start at the source, instead of a few tributaries way down the wasteland of the flood? Why not treat the cause, not the symptoms, or the massive hemorrhaging from the neck instead of the paper cut on the finger tip?
Why not just get off that road and step onto a higher quality road, a road without the toll booths lined up from one end to the other along that road to doom day?