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| It's the currency - STUPID! | Rating: 
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| Posted: Fri Jun 5th, 2009 02:02 pm |
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161st Post |
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Joe Kelley Administrator
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http://www.lewrockwell.com/blog/lewrw/archives/027084.html
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| Posted: Mon Jun 8th, 2009 10:36 am |
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162nd Post |
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Joe Kelley Administrator
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http://www.lewrockwell.com/bonner/bonner387.html
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| Posted: Wed Jun 10th, 2009 10:32 am |
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163rd Post |
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Joe Kelley Administrator
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http://www.lewrockwell.com/north/north719.html
I am going to write a short explanation of how an increase in the money supply causes an increase in prices. The idea here is to know what is going to happen as that increase in the money supply flows through the social body (the economy). If everyone woke up and repeated the same routine every day for 10 years, every single person on the planet, every day, the same thing, every day, for ten years, and the supply of money remained the same, every day, for ten years, the rate of inflation would be zero. The change of prices would not necessarily be zero. If the amount of money stays the same, inflation stays the same, because “inflation” is (technically) the change of (increase or decrease) the supply of money. If money is added to the economy (the social body), like a human being on a hospital bed being filled up with more blood through an intravenous plastic tube, the increase in money is “the rate of inflation”; and too much is as bad as not enough. If too much money is added to the body, and the body does not change in any way, every cell in the body does exactly the same thing it does every other day, and then too much money is added to the social body, like too much blood, which makes the body bloat, swell, blow up, and become “inflated”, what happens to the body, what happens to each cell in the body? Why would anyone ever desire to “inflate” the social body? Why stick a needle into the social body and begin to pump more and more blood into the social body? What happens to the body when someone decides to inject more and more blood into the social body? The answer is easy to see; if the viewer follows the money. Where does the needle stick into the social body? Where does the money go to when the money first enters the social body? Does anyone involved in that initial invasion of new blood sit around doing the same thing as before? Are any of the people, the cells, inspired to act differently when that new money begins to fill up their areas of influence? Do the cells pass on the new money or do the cells keep the new money in their own inflated bank accounts. Imagine, please, the patient on the hospital bed, as the patient is being filled up with more and more blood. The doctor comes into the room. The patient is doubling in size, becoming much larger, as the blood begins to fill up the social body. Does the doctor then order a treatment of leaches and ticks, blood suckers, and vampire bats, to attack to the social body so as to drain that excessive blood as the doctor adds even more blood through the tube? Where does all that money go? What happens if everyone does the same thing every day no matter how much money is ordered and then injected into the supply by the money doctors? The result, if everyone did the same thing, and no one did anything different, and the only thing that happened when more money pumped into the social body, doubling or tripling the supply of money, is an increase in prices by 2 or 3. Look at the quote. Last edited on Wed Jun 10th, 2009 10:40 am by Joe Kelley |
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| Posted: Wed Jun 10th, 2009 10:46 am |
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164th Post |
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Joe Kelley Administrator
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http://www.youtube.com/watch?v=_nPbnQG-rcg That is Peter Schiff on The Daily Show. Peter claims that interest rates are too low. This is falsehood at its most devious. If anyone out there has an interest in knowing the truth - please speak up. Interest is an interesting subject, more so for some, less so for others, and the ones having an interest in interest include Peter Schiff, and the people who produce The Daily Show. Who, on the other hand, are less interested in interest? What is interest? Why are people saying that interest should be higher? Why would anyone say that; with a straight face?
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| Posted: Fri Jun 12th, 2009 10:35 am |
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165th Post |
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Joe Kelley Administrator
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http://rawstory.com/08/news/2009/06/11/us-house-to-debate-ron-pauls-audit-the-fed-bill/
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| Posted: Mon Jun 15th, 2009 11:15 am |
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166th Post |
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Joe Kelley Administrator
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http://www.brasschecktv.com/page/349.html "If the petrodollar collapses, and interest rates rise, the bubble will burst, and the stage is set for National bankruptcy.” Why does the interest rate go up? Why do people automatically assume that interest rates will rise? “We had to pay in Euros…so we had to sell…” Why is currency trading so mysterious? If I need Euros to buy Oil from Iraq, or Iran, or even Venezuela, do I have to change the currency? The answer is clearly no; I merely have to change the rate of payment. I have to add the cost of exchanging the rate of pay. If the Euro is the currency chosen as the “rate of pay”, then the barrel of oil is sold for a price denominated in Euros. How much can someone afford to pay to get one barrel of oil? Suppose the affordable price of a barrel of oil is 100 Euros in Europe and 100 Dollars in the U.S.A. Now suppose that things stay that way for 10 years. People in Europe can afford to pay 100 Euros for 1 barrel of oil for 10 years and people can afford to pay 100 Dollars in the U.S.A. for 1 barrel of oil for 10 years. Now suppose that the U.S.A. begins to print twice as many Dollars on the first day after that 10 year time period where 100 Dollars will buy 1 barrel of oil, and on that first day the Euro remains the same, where the same number of Euros are in circulation. 10 years go by like this: 100 Dollars = 1 Barrel of Oil 100 Euros = 1 Barrel of Oil One day after 10 years of the above economic rate of pay the Dollar “inflates” while the Euro does not inflate: 200 Dollars = 1 Barrel of Oil 100 Euros = 1 Barrel of Oil If someone has inside information concerning “inflation” of the U.S.A. Dollar currency “rate of pay”, then someone would “peg” their sales on the stable currency and in so doing someone would avoid being “taken to the cleaners”. If you were in the business of selling Oil and you were also in the business of “exchanging currency”, then you would have the inside information on which currency inflates (or at least know which currency inflates sooner rather than too late) and which currency does not “inflate”. Think of it this way: You are the U.S.A. and you want to buy one billion new barrels of oil from Iraq, you are also in competition with Europe because Europe also wants to buy one billion new barrels of oil from Iraq (the U.S.A. and Europe both know that the price of Oil is going up so they both want to get the Oil before the price goes up). Europe does not decide to create 100 billion new Euros to pay for 1 billion new barrels of oil, because Europe prefers to have its currency stable (not inflating). Europe chooses to keep its currency “rate of pay” at 100 Euros for each barrel of oil. The U.S.A. decides to create 100 billion new Dollars to pay for 1 billion new barrels of oil, because the U.S.A. needs the oil to invade Iraq, and seize the oil. The Oil sellers sell 2 billion barrels of oil, 1 billion to the U.S.A. and 1 billion to Europe. What price do the Oil sellers use in exchange of Oil for Dollars? What price do the Oil sellers use in exchange of Oil for Euros? If the U.S.A. is paid 100 Dollars for 1 barrel of oil while the U.S.A. “inflates” the supply of dollars (by doubling the number of dollars), then the Oil sellers will be selling Oil to the U.S.A. at half price if the Oil sellers also sell oil to Europe at 100 Euros for each barrel of oil and Europe does not inflate (increase the number of) Euros. I’m going to watch the rest of this video on money (it is interesting). Last edited on Mon Jun 15th, 2009 11:16 am by Joe Kelley |
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| Posted: Tue Jun 16th, 2009 11:15 am |
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167th Post |
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Joe Kelley Administrator
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http://www.lewrockwell.com/blog/lewrw/archives/027593.html The Currency War
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| Posted: Wed Jun 17th, 2009 07:52 am |
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168th Post |
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Joe Kelley Administrator
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http://www.csmonitor.com/2009/0616/p06s12-woeu.html
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| Posted: Wed Jun 17th, 2009 08:38 am |
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169th Post |
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Joe Kelley Administrator
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Dialogue with Joe On The Significance Of Competitive Currency In Voluntary Social Beings From Joe’s Law A Productive Power Perspective Socrates: Welcome to today’s dialogue with the historical creator of the Socratic Method, me, Socrates. With us today is the creator of Joe’s Law; Joe. How are you doing Joe? Joe: I’m alright, but my conscience concerning the screams of agony from the tortured and mass murdered millions by the legal criminals running the U.S. Corporate Nation State are growing louder in my sub-conscience – encroaching further into my conscience daily. They need not suffer so. Socrates: You got that right. So what is all the hubbub about the current currency issue? Joe: Wow, dude, I really like the way you use the words “current” and “currency” in the same sentence like that, it really speaks of time’s nature; we are all stuck in the process don’t you know? Socrates: It pays to read. Joe: And write. Socrates: The question? Joe: Excuse me, I almost forgot the screams again: Current efforts to compete in the Global currency markets include combined efforts by the most powerful contenders to the throne of “Reserve Currency” status now held firmly by The Dollar Hegemony. Socrates: Please; in English, our listeners may not be able to swallow so much in such a short time. Joe: Right; the significance of competition is easy to understand from a consumers perspective. Suppose for example… Socrates: Oh yes; I do like the suppositions. Let’s suppose… Joe: Suppose that Joe consumer is at the currency store looking for some high quality and low cost currency… Socrates: Hold on. Joe: What? Socrates: Did you repeat yourself; say the same thing twice, with different words? Joe: Not exactly, I know what you mean though. Low cost is high quality, but don’t forget about accuracy. We all want the same thing – at the expense of no one. Socrates: OK, go on. Joe: Back at the currency store, the consumer has a choice, but only when competition is in force. Socrates: Enforced by The Dollar Hegemony? Joe: Are you being a smart ass? Socrates: I’m playing my part. Joe: No, and this is a very good point, The Dollar Hegemony expends great power toward the elimination of any competition at all, anywhere. Socrates: Seriously Joe: As serious as nuclear war, and the extermination of our species – so – the consumer is empowered by competition which is enforced by productive activity, not by fiat, not by dictate, not by destructive power, no, competition is a productive, collective, voluntary, and dare I say “anarchistic” power, enforced by every competitor who manages to offer a supply to any demand – in competition with – other suppliers. The force behind competition is strictly voluntary and quite the opposite of the typical top-down structure. Socrates: Another mouth full, again, we need to keep it simple – stupid. Joe: Consumers certainly know a good deal when the see one. Interest in having a demand supplied well, instead of a demand supplied poorly is consumer knowledge – by definition. Socrates: Back at the currency store? Joe: Yes, so the average Joe consumer goes to the currency store and on the shelf are two, instead of one, currency products. Joe prefers the higher quality product at the lower cost, no different than buying a lawn mower? Socrates: A dark skinned unpaid worker, or slave, to keep the grass trimmed neatly? Joe: Selling people is now a black market, and I hear that young white women are in demand. The times have certainly changed. Socrates: Perhaps not so much. Joe: Perhaps, but the lawn mower I intended to illustrate is an example of something on the shelf, and it is powered by gasoline or electricity, it is powered thusly: it is pushed around by Joe consumer himself, or by his son when Joe can get him to do something, anything. Socrates: Kids still don’t listen? Joe: Not much. Socrates: Go on. Joe: Would you buy a dirty, rusty, paint chipped, lawn mower with a missing wheel and a bent handle for 100 units of currency on the same shelf as a brand new lawn mower, with a money back guarantee, where the lawn mower is given away (so as to sell the gasoline or the electricity) – or would you go for the higher quality choice (at a lower cost)? Socrates: Where did everyone go? Joe: These days we have to speak in sound bites, or people walk away. Socrates: Until the enemy is at the gates? Joe: Or already inside. Socrates: In congress. Joe: Yup Socrates: As the world turns? Joe: We call it a soap opera, or, “The Business Cycle” Socrates: Monkey business? Joe: Legal criminals. Socrates: Ahhh Last edited on Wed Jun 17th, 2009 08:40 am by Joe Kelley |
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| Posted: Wed Jun 17th, 2009 09:24 am |
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170th Post |
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Joe Kelley Administrator
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http://www.mint.com/blog/finance-core/hyperinflation-the-story-of-9-failed-currencies/
http://www.joelscoins.com/exhibger2.htm  When first issued in January of 1922 this note was the highest denomination of circulating currency ever issued by the German government. It would soon become small change. The note is sometimes called the "Vampire Note" . If you look carefully, and have a good imagination, you will see a vampire on the neck of the German worker. This was said to represent the French sucking the blood from Germany through the war reparations. And how about something completely different? http://www.globalideasbank.org/site/bank/idea.php?ideaId=904
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| Posted: Wed Jun 17th, 2009 05:26 pm |
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171st Post |
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Joe Kelley Administrator
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http://www.economyincrisis.org/articles/show/3006
Why is the increase of interest rates supposed to be a necessity? Can't you see this for its inherent falsehood? Why is the increase of interest rates supposed to be a necessity? How about an analogy? What would happen if a healthy person is tricked by a snake oil sales man into buying and then consuming snake oil for a supposed increase in health, and then the consumer of snake oil becomes sick, so the snake oil salesman makes a deal with a doctor to prescribe a doctor’s miracle cure for the new sickness, and the miracle cure is to suck the blood out of the patient, where there is no mention, at all, concerning the patients habit of consuming snake oil. The patient continues to consume snake oil. The patient’s health continues to deteriorate. The patient continues to have blood sucked out, and grows anemic, sicker, and on top of all that the patient has a snake oil bill to pay each month, a doctor bill to pay each month, and a reduction in productive work hours due to the combined sicknesses of consuming snake oil and blood sucking.
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| Posted: Sat Jun 20th, 2009 07:25 am |
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172nd Post |
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Joe Kelley Administrator
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http://lewrockwell.com/orig10/hansen1.html Eliminate competition
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| Posted: Sat Jun 20th, 2009 02:41 pm |
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173rd Post |
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Joe Kelley Administrator
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Topic: International Currency Markets Introductory data A: http://www.fourwinds10.com/siterun_data/business/currency/news.php?q=1245363012 ++++++++++++++ China’s Got a New Currency… and It Sure AIN’T the Dollar ++++++++++++++ Introductory data B: http://www.lewrockwell.com/north/north722.html +++++++++++++ Pushing on a String +++++++++++++ Introductory supposition from Joe: Consider an angle of view by which the observer intends to simplify the overly complex and confusing perspective on International Currency Markets. Angle of view: Suppose all new loans after midnight tonight worldwide include the following clause: The borrower will pay monthly payments denominated in the highest value currency for the month the current payment is due. In other words: The lender requires the borrower to pay back the borrowed “value” with the highest possible valued currency each month. With that supposition in mind, consider responding with a constructive understanding of what that supposition illuminates. Example: That clause on all loans would end the current practice of supplying and maintaining fraudulent currency since all loans would quickly find (by open market or “free market” competition) the highest quality currency at the lowest cost. In effect; that clause would force central banks to produce and distribute the highest possible value currency or lose market share.
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| Posted: Wed Jun 24th, 2009 10:55 am |
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174th Post |
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Joe Kelley Administrator
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http://tinyurl.com/njbjse Work on that one.
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| Posted: Tue Jun 30th, 2009 11:23 am |
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175th Post |
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Joe Kelley Administrator
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http://www.livevideo.com/video/walkinturtle2u/2F3DE48315C642B2A846A587534159EB/money-as-debt.aspx http://tinyurl.com/l7ueft Money as debt A film by Paul Grignon on the world banking system, its history and origin to present day. A vert important Take that above and add this below and what do you see? http://tinyurl.com/lzo7vh I see bank A beating up on its victims while bank B has an opportunity to offer the victims of bank A a better currency; however bank B takes the bank A crime spree as an opportunity to beat up on their own victims instead. What do you see? Last edited on Tue Jun 30th, 2009 11:31 am by Joe Kelley |
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| Posted: Tue Jun 30th, 2009 12:10 pm |
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176th Post |
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Joe Kelley Administrator
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http://informationclearinghouse.info/article22945.htm
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| Posted: Tue Jul 7th, 2009 12:37 pm |
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177th Post |
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Joe Kelley Administrator
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http://www.reuters.com/article/marketsNews/idUSL570633320090705
A deal made?
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| Posted: Thu Jul 16th, 2009 09:44 am |
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178th Post |
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Joe Kelley Administrator
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http://www.brasschecktv.com/page/671.html The Market is manipulated by high frequency traders
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| Posted: Sat Jul 25th, 2009 09:30 am |
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179th Post |
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Joe Kelley Administrator
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It's been a tremendous time for Tesla Motors. In May, Tesla secured a $50 million investment and strategic partnership with Germany's Daimler, maker of Mercedes. We also delivered our 500th Roadster -- the only car in the world that offers performance with a clean conscience. In June, we were among the first automakers to get approval for Department of Energy loans. The $465 million in interest-bearing loans – entirely unrelated to the bailout of bankrupt automakers -- will help finance production engineering and assembly of the Model S, the all-electric sedan. The loans will also fund an assembly plant where we will produce electric vehicle powertrain components for affordable EVs, such as the Smart city car and other platforms. We're busy expanding our retail operations this month, with new stores already open in London and New York. Seattle, Chicago and Miami will open in upcoming weeks. We recently recorded our best sales week since the summer of 2008 – despite the lackluster economy and continued turbulence in the global automotive industry. Customers tell us every week that the Roadster is the *only* car that is both wickedly fun and socially responsible. As early Tesla customer and former CEO Michael Marks observes, the Roadster can be the only car you drive. You can power it exclusively from solar power, like customer Rob Wilder, or take exotic road trips , like customer Bill Arnett – and you can even drive them cross-country, as customers are doing right now for Renew America Roadtrip! Want to work at the world's leading EV company? Tesla is hiring and looking for talent in engineering, production, and sales. Search for positions at Tesla facilities worldwide. Finance Your Roadster We're thrilled to announce that approved U.S. customers can now finance their Roadster through Bank of America. We expect this to become a popular option – and increase the number of electric miles driven by Americans. Financing makes the Tesla Roadster much more affordable. For example, a customer approved for a 5-year financing term on a base Roadster could put down as little as $20,000 before taxes and net of the US federal tax credit. The monthly payment would be approximately $1,700 at a 5 percent annual percentage rate (APR).
That monthly payment is typical for high performance cars – but Roadster drivers will enjoy hundreds of dollars per month in savings unavailable to gas guzzlers. The Roadster, which gets an estimated 244 miles per charge, costs roughly $4 to refuel and does not require routine oil changes or exhaust system work. Unlike high-maintenance internal combustion engines, Teslas get a 100 percent waiver on sales, luxury and use taxes in at least four states, and they qualify for commuter lane privileges, free parking and free charging in many regions. Prospective customers may complete documents at Tesla showrooms or online, including electronic signature and customer verification. Tesla customer service staff can assist with the application in a showroom or at 650-413-6300. Seven New Retail Stores The [url=http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fhttp://www.teslamotors.com%2Fmedia%2Fpress_room.php%3Fid%3D1314&esheet=5980564&lan=en_US&anchor=London&index=3]London[/url] store debuted in June with exciting news that we will soon be offering a right-hand-drive Roadster. Last week, we hosted an open house at our beautiful New York store in the Chelsea Art District. The retail rollout continues this week in Seattle, which will host rides for the public on July 25 and 26. [url=http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fhttp://www.teslamotors.com%2Fmedia%2Fpress_room.php%3Fid%3D1240&esheet=5980564&lan=en_US&anchor=Chicago&index=2]Chicago[/url] will open to the public August 7, and we'll host rides August 7-8. Miami, Munich and Monaco will open in the weeks ahead. Tesla is also scouting locations in Washington DC and Toronto. Please check online for addresses, hours and contact information of your nearest Tesla store.
Each store will serve as a regional service and distribution center. And remember: electric vehicles don't need routine oil changes, exhaust system repairs, spark plugs, pistons, timing belts and other time-consuming and costly maintenance. In fact, convenience and ease of use are top reasons many Roadster customers have bought a second car for their spouse. And don't forget: With a Roadster, you top off the charge when needed from the comfort of your garage. You'll never have to detour to a greasy gas station.
Last month, Tesla announced its 500th delivery. The lucky customer was [url=http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fhttp://www.parkinsonalliance.net%2Fabout.php%3FID%3D302&esheet=5978488&lan=en_US&anchor=Martin+Tuchman&index=1]Martin Tuchman[/url], who uses his Roadster as his primary commuter car. He'll enjoy far lower lifetime ownership costs thanks to the lower cost of electricity vs. gasoline. The Roadster is [url=http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fhttp://www.afdc.energy.gov%2Fafdc%2Fprogs%2Fview_ind.php%2FNJ%2F5778&esheet=5978488&lan=en_US&anchor=exempt&index=4]exempt[/url] from sales, use and luxury taxes in New Jersey, Connecticut, Washington and Arizona. Numerous states, including California, are considering similar tax waivers. Quebec and Ontario just became the latest regions to offer rebates – up to $10,000 per car. Colorado, Oregon, Georgia and other states have generous rebates, too. All US owners get a $7,500 federal tax credit. The 500th delivery means that we have caught up with much of our back log of pre-orders and can deliver a car to you within five months from the date of your order. If you have resisted reserving a Roadster because you didn't think you could wait over a year for a car, now is the time to buy with a $9,900 refundable reservation fee. Our engineers have been hard at work on the first major product upgrade since we began production in 2008. Roadster 2 embodies Tesla's spirit of continuous improvement and offers:
• An upgraded interior and push-button "gear" selector, center mounted touch screen, and an enclosed and locking glove box.
Roadster Sport takes all the enhancements of Roadster 2 and packs a motor with an additional 40 horsepower, a hand-wound stator and increased winding density for lower resistance and higher peak torque. In addition to Yokohama's Ultra High Performance tires, the Roadster Sport has improved suspension with adjustable dampers and anti-roll bars that will be tuned to the driver's preference. This green supercar travels from 0-60 mph in 3.7 seconds (compared to the Roadster's 3.9 seconds) and features an effective adjustable suspension that can be tuned to the driver's preference, including a softer setting. We're taking orders now, and the media launch for Roadster 2 and Roadster Sport will be in late July, so look for stories in magazines and on television this summer.
Want to learn more about Tesla's history or recent company news? Want to understand why Tesla was the only automaker to receive a prestigious Globe Award for environmental sustainability from Sweden's royal family? Check out our site and tell other fans to subscribe to this monthly newsletter. And visit OnCars.com , whose editorial staff scored unrivaled access to the Model S and produced a three-part series about the car. The episodes set all-time traffic records for OnCars.com. Tesla Motors
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| Posted: Fri Nov 6th, 2009 09:03 am |
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180th Post |
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Joe Kelley Administrator
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http://www.lewrockwell.com/rozeff/rozeff319.html
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