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| It's the currency - STUPID! | Rating: 
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| Posted: Sat Jan 22nd, 2011 06:29 pm |
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241st Post |
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Joe Kelley Administrator
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Another measure of quality currency: autonomy
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| Posted: Fri Feb 18th, 2011 07:53 am |
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242nd Post |
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Joe Kelley Administrator
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The cable, titled "Shin Bet Talks Gaza Economics," was written by David R. Burnett, Economic Counselor in the US embassy in Tel Aviv. It describes a briefing given to Embassy officials by senior members of the Israeli Shin Bet*, on how Israel uses the banking system in Gaza to increase the political influence of the Palestinian Authority (PA) in Gaza, by attempting to starve the Hamas government of cash. The report further elaborates that the circulation of Israeli Shekels (NIS) in Gaza is increasing, while foreign currency supplies are dwindling. This is clearly a direct result of the almost total ban on exports from Gaza (although Gazan merchants may still import certain products) - yet the Shin Bet kept silent regarding the reason for the shortage in foreign currency. This document demonstrates that the Israeli government is in fact strangling the Gazan economy in order to turn Gaza into a captive market for Israeli products and maintain demand for the Israeli shekel - all in the name of "fighting terrorism." It also demonstrates that the international community - and especially the US - have allowed this policy to continue. War 101
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| Posted: Sat Feb 19th, 2011 09:15 am |
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243rd Post |
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Joe Kelley Administrator
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Criminals hate competition
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| Posted: Wed Mar 2nd, 2011 11:17 am |
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244th Post |
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Joe Kelley Administrator
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The Dollar HegemonyThe Organization of Petroleum Exporting Countries sets the price of oil in dollars. The dollar is the currency of denomination of half of all international debt securities. More than 60% of the foreign reserves of central banks and governments are in dollars. Finally, there is the danger that the dollar's safe-haven status will be lost. In this new monetary world, moreover, the U.S. government will not be able to finance its budget deficits so cheaply, since there will no longer be as big an appetite for U.S. Treasury securities on the part of foreign central banks. Goes down
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| Posted: Tue Mar 22nd, 2011 09:17 am |
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245th Post |
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Joe Kelley Administrator
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Eliminate competition Competition is the force that forces quality up and cost down.
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| Posted: Sat Apr 9th, 2011 05:50 pm |
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246th Post |
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Joe Kelley Administrator
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Monetary Sterilization
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| Posted: Fri Apr 15th, 2011 03:06 pm |
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247th Post |
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Joe Kelley Administrator
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Money Powers And then there are the states. The other week Utah became the first to take advantage of an opening left to the states by Article One, Section 10 of the Constitution to make gold and silver coins legal tender. The Constitution prohibits states from coining their own money and/or making anything other than gold or silver coins a tender in payment of debts. Now, spurred by the American Principles Project, at least a dozen states are at least tentatively exploring doing just that. In Utah's case, what it has done is not only make gold and silver coins legal tender but remove the state capital gains tax on any gain persons in Utah might get from holding gold and silver coins. There are those who set down the gesture as irrelevant and even flaky. But if several other states actually pass laws similar to what Utah has done it will add up to a remarkable vote of no confidence in the system that has been creating the money that we call dollars.
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| Posted: Tue Apr 26th, 2011 10:19 pm |
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248th Post |
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Joe Kelley Administrator
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Failure to obeyAccording to the IMF, Libya's Central Bank is 100% state owned. The IMF estimates that the bank has nearly 144 tons of gold in its vaults. It is significant that in the months running up to the UN resolution that allowed the US and its allies to send troops into Libya, Muammar al-Qaddafi was openly advocating the creation of a new currency that would rival the dollar and the euro. In fact, he called upon African and Muslim nations to join an alliance that would make this new currency, the gold dinar, their primary form of money and foreign exchange. They would sell oil and other resources to the US and the rest of the world only for gold dinars. What is done when someone fails to obey?
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| Posted: Thu May 12th, 2011 05:12 pm |
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249th Post |
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Joe Kelley Administrator
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++++++++++++++ The going got even nastier when one learned that on March 19 the Washington/London/Paris financial elites authorized the Central Bank of Benghazi to have its own - Western dictated - monetary policy, unlike the state-owned, and fully independent, Libyan national bank in Tripoli; Gaddafi wanted to get rid of both the US dollar and the euro and switch to the gold dinar as an African common currency - and many governments were already on board. +++++++++++++++ How to disconnect?
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| Posted: Thu May 26th, 2011 07:01 pm |
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250th Post |
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Joe Kelley Administrator
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Currency Competition
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| Posted: Tue Jul 26th, 2011 11:12 am |
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251st Post |
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Joe Kelley Administrator
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Bitcons No Taxes 
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| Posted: Sun Jul 31st, 2011 04:25 pm |
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252nd Post |
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Joe Kelley Administrator
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AnonplusThis social network would allow open exchange of currency via alternative currency without feeding the grid - and those corporations that wish to strangle the average citizen's wages without a conscience. The people would generate their own currency and wage via alternative energy means such as wind, solar, and geothermal energy - and then any excess can be used for gain using a barter/trade system via the social network anonplus without fear of being penalized like ebay or other similar networks do. AnonPlus
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| Posted: Thu Sep 8th, 2011 08:50 am |
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253rd Post |
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Joe Kelley Administrator
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09-08-2011 Listening to Alex Jones rebroadcast, it is early am for me. Alex points to a Global money monopoly as American, European, and Asian money competitors merge into one, or some such expectation; creating SDRs, or something. I do not see this. There will always be a pretend competition, so as to keep the targeted victims divided and fighting each other, which sounds confusing but only when the viewpoint is duplicitous. Think in terms of the lessons offered by the book 1984. 3 is a significant number, so as to keep people on a false schedule, today we are good, tomorrow we are bad, next day we are on deck, then we are good again. Duplicity requires a short memory, and if there is only one thing that the victims focus on then there is no way to forget the one thing, it is always there, but with 3 things the fake competition can trick people into a false belief in one being the winner, the good guys, until those good guys become so obviously horrible, they are then exposed as being bad, while the actual power shifts to the new false front, from Eastasia, to Eurasia, then to Oceania, and by the time Oceania is know to be really, really, bad, the victims forgot how bad Eastasia was, the actual Legal Criminals move operations back to the new good guys. Anyone caught remembering is left without a leg to stand on, since all evidence is censored down into the memory hole. That tactic happens right here on this forum; for example the GeoLlibertarian member finds a competitive perspective challenging his lies, so what does he do, he erases history, but I keep my own records, so his tactic doesn't work. There is no real competition, on purpose, but there is a false competition propped up so as to keep the targeted victims thinking that there are reasons for their steadily increasing costs of living, and their steadily declining standards of living, since the false competitors are doing what they can, but the competition is so much better, or the competition is so bad, the competition is criminal, it is the competition that cause our trouble, and if only we could copy what the competition is doing, etc., on and on, but to no avail, for some strange reason things are not working, when in reality the force of competition does not exist, as each of the three leadership groups are in on the joke, each of the three false competitors are in on the gag, and the actual Legal Criminals hire puppets to run each fake competitor, where the fake competitors can have someone who believes in their sides competitive power up to a point, and if that point is exceeded, a lone gunman appears out of nowhere. What would happen if one of the three competitors invented, produced, and maintained a steadily improving legal money system? Even going back to gold as money is a huge improvement compared to the best legal money on the planet at this time. Why, please answer the question, why are the legal currencies that are worst for the honest productive people the same legal currencies that dominate the global markets? How is this not as obvious as the nose on your face? You have no choice as to which money you are paid, because you have no choice as to which money you must have to pay taxes. If it was not true, if there is true competition, then the quality of money will increase, by the force of competition, and the cost of money will decrease, yet, obviously, and measurably, the fake competitors are actually cooperating to keep the quality of money low, and the cost of money high, as money is used, in each of the fake competitor "nations", to move the surplus value from those who create it to those who steal it, with their money monopolies that work as monopolies withing their own boarders. The three major competitors work as one cartel, and if the victims knew it, they would see only one enemy, not three. It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. Henry Ford Are you still confused? How about another angle of view? What would happen if this place, this thing we are told is U.S.A., became a working Democratic Federated Republic, instead of one Nation State? What would happen if one, and then two, and then three, of the State governments decide to use any of the many currencies made throughout the world instead of just one money? Is that too tough to imagine? Pick one State to start with, and then work it out. I'll pick California because I live here, and then I'll pick New Jersey since I lived there when young. First California decides to allow competition in money markets and the people hired to run California change the laws so that anyone can pay taxes in whatever currency they find to be the most powerful currency at the lowest cost. How does that work from your own viewpoint? Any of the tax payers in California can begin to demand payments, for what they are selling, in Euros, or Yuan, or dollars, or gold, or silver, or whatever they think is the best money, and then they pay their taxes in the worst money they know to be worst, and everyone is thereby working in currency speculation. You go to work and you are paid, by your decision, in gold, say, or silver, or whatever today is the best money, today, and you go home with that money, you earn that money. You keep piling up your best money, and you have to pay for things you want with the best money demanded by those who sell you stuff, but when you pay taxes, you exchange your best money for the worst money that you know to be the worst money on the day you pay taxes. I, you, your neighbor, and soon everyone in California, then New Jersey demands payment in gold, or silver, or whichever money I, you, or your neighbor thinks is the best money, and that is the income you get, when you trade what you sell for money, and then before you pay California tax payments, you sell your gold, or silver, or whatever you think is the best money, for units of the worst money, that worst money you know to be worst, and that is the money you use to pay tax debt in California, or later in New Jersey when the people hired to run New Jersey change their laws too. Since it is now a working Democratic Federated Republic and no longer a single Nation State, the people running the Federation no longer tax The People directly, instead the people hired to run the Federation can only get their tax payments from each State in the Federation. California, being smartly run by their hired governors, pay the people running the Federation in Federal Reserve notes, as they too work on currency speculation, as they get whatever currency that The People send to them as tax payments, and they then take those currencies and buy dollars to pay the Federation what the Federation wants as payment. Right now the supposed Federal government demand dollars. Got that? You demand the best money to be paid to you for what you produce. You then buy the worst money to pay your State taxes, and you have no Federal tax payments, because now we live in a Federation, not a Nation State. The people you hire to run your State take the worst money they send you and they buy dollars, because dollars are demanded by the people hired to run the Federation. How does that work for you? Why don't the people running the Nation State demand gold as payment for tax debt instead of dollars printed by The Federal Reserve System of Extortion? Is that not a self-evident truth? The answer is that the pyramid scheme won't work if there is competition, such as gold, which is a very competitive, powerful, money, when compared to the fraudulent stuff. A one world currency won't work, the victims will no longer volunteer to provide the means by which they suffer, they will be clued in when the lie is one lie, the one lie will be too obvious. Work on it some, you may get it, before it is too late. Please.
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| Posted: Wed Sep 21st, 2011 07:39 pm |
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254th Post |
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Joe Kelley Administrator
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Utah Gold as money LawEarlier this month, Minnesota took a step closer to joining Utah in making gold and silver legal tender. A Republican lawmaker there introduced a bill that sets up a special committee to explore the option. North Carolina, Idaho and at least nine other states also have similar bills drafted. Raw Utah Gold story "We're too far down the road to go back to the gold standard," Galvez told the AP. "This will move us toward an alternative currency." Too far? The Constitution is very specific about what our government can and cannot issue as coins and currency. It states what the Federal Government do as far supplying money as well as the States. It specifically says nothing but gold and silver coinage shall be used as payment for debt. That means not only are States allowed to issue gold and silver money for payments, it is the only thing it can issue and accept. This makes not current Dollar not only worthless as it is back up by nothing, it makes it unconstitutional. No results on Minnesota on a Google Search at this time: Minnesota gold currency law North Carolina Idaho Then there is the hard-money plank, which might have come right out of a Goldline ad on talk radio: "We believe Idahoans need to protect their savings from the ravages of inflation, which is hidden taxation, and encourage citizens to participate in a systematic acquisition of precious metals which represent real value as opposed to paper currencies." Why it matters. Although to some it may seem extreme, we do need to prepare for the possibility that there may come a day that the dollar’s buying power will be drastically reduced. And the truth is, Utah is not alone in their concern. According to State Representative Galvez, House sponsor of the bill, 11 states have either passed currency related legislation or have legislation in process. Other states passing or considering currency related legislation include: Montana, Missouri, Colorado, Idaho, Indiana, Missouri, Montana, New Hampshire, South Carolina, Tennessee, Vermont, Virginia, Washington… For those who do not believe that the U.S. dollar may be in trouble, please consider the following: according to The China Daily, China and Russia have used a number of currencies in the past, but especially U S Dollars for “bilateral trades”. However according to a report in The China Daily in November 2010, “China and Russia have decided to renounce the US dollar and resort to using their own currencies for bilateral trade”. The formal announcement was made by Premier Wen Jiabao and Russian Vladimir Putin.
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| Posted: Sat Oct 1st, 2011 02:26 pm |
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255th Post |
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Joe Kelley Administrator
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Gary North Fed up
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| Posted: Mon Oct 31st, 2011 10:53 am |
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256th Post |
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Joe Kelley Administrator
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When currency is made scarce?
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| Posted: Fri Jan 13th, 2012 06:15 pm |
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257th Post |
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Joe Kelley Administrator
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Puzzle Pieces ++++++++++++++++++++= When you get right down to it, Washington’s tough talk is nothing but a silly pointless provocation of Washington’s largest creditor. What if Washington’s idiocy causes China to worry that Washington and its UK and European puppets will seize its bank balances and refuse to honor China’s holdings of $1 trillion in US Treasury bonds? Will China pull its balances from the weak US, UK, and European banks? Will China decide to strike first, not with nuclear weapons, but by selling its $1 trillion in Treasury bonds all at once? It would be cheaper than war. The Federal Reserve would have to quickly print another $1 trillion dollars with which to buy the bonds, or US interest rates would shoot up. What would China do with the $1 trillion in newly printed paper? In my opinion, China would dump it all at once in the currency market, because the Federal Reserve cannot print euros, UK pounds, Japanese yen, Swiss francs, Russian rubles, and Chinese yuan with which to buy up its newly printed currency. +++++++++++++++++++++++++++++++++++++= Please recall the 2008 doubling of the total U.S. Dollar supply, and as Gary North has reported the extra money is being held up as reserves by the Federal Reserve Policy of paying a reward for holding cash in reserve - for some reason.
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| Posted: Sat Jan 14th, 2012 01:15 pm |
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258th Post |
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Joe Kelley Administrator
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Oil CurrencyThe fewer cargoes produced, the easier the underlying market is to manipulate. The power to make oil scarce is a power that can increase, so as to make oil even more scarce, increasing that power even more. Why? Because power is essential for life on Earth, make it scarce, and people will do anything to get some of the scarce power, rather than none. The same formula applies to all powers, such as water, sunlight, warmth, shelter, clothing, defensive weapons, communication, food, electricity, and accurate information. I also proposed root and branch reform of global energy market architecture, which in my view can only come from producer nations and consumer nations collectively, because intermediary turkeys will not vote for Christmas. Advise the Legal Criminals to steal less and what do you get? If Honest Productive People had their own money, disconnected from the Legal Monopoly Fraud Money, those "Traders" would not have acquired the vast power that is required to construct those gambling games, where the stakes are high, not just playing for fun, not just using worthless pieces of paper, not just worthless digitized numbers on a program in a computer network. They, the Legal Criminals, would have to ask the workers to work, and move the oil, and the steel, and the cooper, and the food, and the water, and the Legal Criminals would have to offer something valuable in return, if the Legal Criminals, without their Legal Money Monopoly Fraud, wanted something of values, something to collect, to store, and to build, and build, and build into a vast supply, to then use wastefully, on gambling, or anything under the sun. Without the power to take, by way of fraud, and by way of threats of violence, the vast sums of collected power required to create, produce, and maintain all those gambling games, called "markets" euphemistically, what would the Legal Criminals have as a means to collect such vast sums of power? This is easy to see by knowing that those "markets" are denominated in dollars. Suppose there were another legal currency produced in direct competition with the dollar, and all the honest people used that competitive money instead of the dollar, having nothing whatsoever to do with any dollar accounts at all. How would those Oil Companies pay their workers? If they paid in dollars, then how would the Oil workers pay for anything made by any other worker, any other worker that uses the competitive money? Just, simply, remove all the dollar accounts from everyone except those who are invested in dollar accounts. Every single person who can, is a person who does, invest into the competition, by using a money other than dollars, and picture now those two groups. A. Those invested in dollars B. Those invested in a competitive legal money Whatever is done by those invested in dollars is of no interest to anyone who is no longer connected by dollars to those who are doing whatever they are doing with dollars. Now you can understand the significance of enforcing an Oil Monopoly that requires the payments of oil in dollars. What can the competitive legal money people do if they have no dollars, want no dollars, and therefore cannot buy oil, and therefore have no oil, what can they do instead of consuming oil power? What competitive power is available instead of oil? There is sunlight. There is no way, short of Nuclear Winter, or some other Global catastrophe, to make the sun scarce, on purpose, to manipulate the Sun market, and thereby make people who need the sun pay more for it. The ‘inflation hedging’ meme gradually gained traction and a new breed of Exchange Traded Funds (ETFs) and structured investment products were created to invest in commodities. Try to understand something simple concerning "investment" opportunities. Very few people have money to burn on investments. The number of people who earn more than they owe is small. The number of people who owe more, and even much more, than they can ever earn, in a life time, is large. Here is the score board: I owe, I owe, so off to work I go There is no such thing as investment in a Legal Crime Fraud Network such as The Dollar Hegemony. It is rigged from the top down. There are a very few number of people who have the power, the say so, the control, over the production of new dollars, and they can simply add zeros to their own bank accounts. If you cannot grasp the significance of that fact, then how can you ever understand those things they call "markets", which are things that can be observed, things that can be measured, and things that can be known, as well and any other thing that a person can know. People at the top buy something with the money they create; otherwise they would not create more money. They buy control over other people, and they buy control over what other people do, and therefore they, those few people, invent, produce, and maintain those markets, those markets that are denominated in dollars, those markets, are the property of those people, because they have the power to control them. Give unto Cesar that which is Cesar's. Those markets are the properties of those people, those people who have money to burn. What about the rest of humanity? Where do you think those few get their power to burn? They have to attach themselves to the rest of humanity, and that attachment is the money. If the rest of humanity refused to use the fraudulent money, and if the rest of humanity invented, produced, and maintained a competitive alternative, or two, or three, or four competitive alternatives, then the Legal Criminals would eat each other until there were none left, or they too would have to go find honest work. There was (and still is) no piece of news which cannot be interpreted as a reason to buy crude oil. The other connection, besides money, that connects the Legal Criminals to the targeted victims is the various forms of "news" which isn't news, it is false advertizements, or behavioral modification media, or response conditioning media, or brain washing, or false propaganda, or in those words quoted above, it is control, in other words. Those who are controlled are owned by those who do the controlling. The motivation of the investors involved was not greed but fear. The Fed had been busily printing another trillion in QE dollars to buy securities and the sellers, and other investors aimed not to make a dollar profit but rather to avoid a dollar loss. Who has the single, monopoly, and only one, license to create dollars from nothing? What is this Fed thing? Why can't they use words that convey accurate meaning, such as extortion, or counterfeiting, or theft, or fraud, when they do things, and they use words to label the things they do? Why do they used terms like QE instead of using the word Fraud? What is QE? What is Quantitative Easing? That must be understood. Failing to understand that is a root failure, leading to nothing but confusion from that root failure onward. Quantitative Easing, or QE, is a process by which a very few people decide to create more dollars, out of nothing, and then they buy something. Some people are then led to believe that those few people are buying something with that new supply of new dollars that is good for everyone, according to those few people, and then there are other people who understand that those few people are actually committing fraud, and those few people are not buying something that is good for everyone. This is the root of the destruction that plagues our species, this that is definable as deception. This vast deception leads to much destruction. What those few people are buying is, in fact, more deception, and more destruction, and it just so happens that those few people also buy the best food that money can buy, for themselves, and the best places to live, that money can buy, for themselves, etc. This is not rocket science. You don't need a degree in Economics to figure it out, and it may be a good idea to start thinking about inventing, producing, and maintaining a competitive legal money, or two, or three, so as to be in a position of power sufficient to sever the link to those few Legal Criminals, and then, you will have less power stolen, and you will have more power to use so that you can invest your power into the purchases of things that make more power flow to you, instead of having your power stolen through that link, which is dollars. Dollars connect you, and your power to earn, your power to produce, to those Legal Criminals who use your power to make them more powerful. Cut the credit card. Cut this: Credit Card Those who produce, and earn, and do so honestly, productively, are the true lenders. Those who deceive, and destroy, are the borrowers. The borrowers have been able to make believe that they are the lenders, and who listens to such folly? Can you count to one? The price spiked to $147 per barrel, and then declined over several months all the way to $35 per barrel or so, as many of the index fund investors pulled their money out of the market in late 2008 and joined a stampede to the safety of US Treasury Bills. What was happening here was that the Dark Inventory which had been created flooded back into the market, and overwhelmed the market’s capacity to absorb it. There is where the ultimate, top tier, fraud is at play. The insiders who know when The Dollar Hegemony is going down, also know that US Treasure Bills are far from secure, they are going to be blow up, burst, in time. Those few insiders will already have their titles to property denominated in whatever new Legal Monopoly Currency takes over after The Dollar Hegemony bubble is burst. In other words: the dollar has been the money used to buy oil, and it has been the "reserve currency" of the world, and therefore it has been The Dollar Hegemony, since World War II, when The Dollar replaced The British Pound as the one Legal Monopoly Currency. World War III is the name of the events that will result in a new Legal Monopoly Currency to replace The Dollar Hegemony. In other words: U.S.A. Inc. (LLC) is a corporation (fascist government legal fiction) that is being raided right now. Who are the corporate raiders who are raiding U.S.A. Inc. (LLC), gutting it, siphoning off all the value that isn't nailed down, and even leaving the earth scorched as to what is nailed down? Who are they, what are they doing with all that value, that surplus wealth that was once held by all those Honest Productive People in America? What will be the new World Reserve Currency after World War III is done and in the history books, written by the winners, if there are any left, in bunkers, or walking on the surface? That is information that is on a need to know basis. I don't have that inside information, and the person who wrote the article I'm reading now may not have that information either, or that person does have that information, but he, or she, or they, aren't giving up that trade secret. They know when to get out, because they cause the reason to get out, and all that can be called The Business Cycle, and all that depends upon that connection between them and their targeted victims, which is the one Legal Money Monopoly Fraud. But there is very considerable debate among economists about the effect of derivative contracts on this spot market price, and whether it is the case that the futures market converges on the physical market price or vice versa. Again, that has to do with people who have money to burn, there is a group, and you are not in it, and that group consists of people who have vast sums of power, they have much more power than you will ever earn in your entire life, and they play with that power, they have that power, and they play with it, they are gaming, they can afford to play with that much power, they have control over that much power, and they play by the rules that are within that network of people who have vast sums of power. You don't. Why would you ever have enough interest to figure out how those rules work, within that network of very powerful people; curiosity? If you have the slightest bit of power earned, saved, kept, stored, in reserve, in case of emergency, then, you have your own interests concerning how to keep that reserve from loosing power, from evaporating, or going bad, or being stolen, or lost, or devalued in any way. If you could buy something that used the power you had stored to make more power out of less power, then that would be a powerful thing to buy, would it not? Suppose you too began having an interest in doing something with an amount of savings that you accumulate into one fund, one bank account, one pile of valuable, powerful stuff, so you too begin to dive into the game of monetary investment. Why not suppose? Who, and how many, out of all the people on the planet, are in that position, that position of having money to burn, that position of having a sum of power in reserve, a store of wealth that is more than they consume; how many of the species human are those owning, and controlling surplus wealth? The number is very few, and that number is move to a smaller numbers, so long as the power that does exist does not make more power, or is not used to make more power. What do you buy if you want the power you have to make more power? A gun? A lie? That is one way. What is the other way? There are examples of the other way. A farm is one example. Power is spent, consumed, and the end result is more power, more power after the farm works, compared to the power that existed before the farm was invented, produced, maintained, and began making more power out of less power. A Solar Panel is another example of power being used to make more power. This is not rocket science, and people do not have to believe in anything concerning these simple facts. If something makes more power than the power required to make the thing, then what is that thing? What, for example, is a farm? What, for example, is a Solar Panel? How much measurable power goes into it? How much measurable power is produced by it before it is no longer capable of producing any more power. There is a way to measure power. Power can be measured as Watts, and power can be measured by converting other measures to Watts. How many watts of power are required to cause a farm to start producing, and to keep a farm producing power. Calories can measure power too. How many calories are needed to make a farm start producing food? How many calories are produced by the farm before the farm completely wears out? A. Cost B. Benefit Is A less that B or is A more than B? If A is more than B then the farm idea, the farm "meme" would have never taken hold of the interests of human beings. B is more than A. More power is produced from the expense of a measurable sum of power. With interest rates at zero per cent, and with the Federal Reserve Bank printing dollars through QE, a tidal wave of money flowed into equity and commodity markets purely as an alternative to the dollar, and they did so through a proliferation of funds set up by banks. Those words convey what I call a Patented Absurdity, or a self contained contradiction. When a power exists then it exists, it doesn't become scarce while it exists. It is, therefore it is, when it isn't anymore, then it is gone. The Federal Reserve has a limit, but what is that limit? What is that limit? The people at the Federal Reserve increased the supply of dollars by double in 2008. So, that is a clue as to the limit of the power held, and used, by those people. Is that much power not enough power to be labeled as plenty of power, or an abundance of power, or a lot of power, or anything but the opposite, which is "scarce" power? What is meant by that person writing that article when that person claims that there is this thing called scarce bank capital? What does that mean? Scarce Bank Capital The bankers are starving? The bankers are dying of thirst? The bankers can't afford to lose one more drop of blood? What is scarce? Exactly what is scarce? I think that you will find, as I have, that knowledge is what is scarce, not bank capital. If the Fed can double the entire supply of dollars, then bank capital is not scarce. When the dollar is no longer worth anything, then doubling the supply of dollars is an expense, or a reduction in bank capital, since someone has to actually give up the opportunity to do something productive so as to press those keys on that keyboard where the number of dollars are then doubled. Dollars are not worthless, yet, so where is this supposed scarcity of bank capital? Someone is playing someone else for a fool with that false statement. I could be reading that message wrong too. Vital questions, like what do you mean by scarce bank capital, require accurate answers from the author - absent that there is guess work. I guess that scarce bank capital is not scarce, and the word was misused. Iran ‘crisis’ is in my view being hyped for all it is worth to entice yet more unwary speculators into the oil market so that other producers may sell their production forward at high prices while they last before the inevitable and imminent collapse. Is that selective perception? When people are being tortured, and people are being murdered, it is a crisis to them, and either those injuries and deaths are real or they are part of the false "crisis". Before Iraq was invaded it was sanctioned, and the result of those sanctions were millions of torturous deaths. Was that a time of "crisis" too? If there is no further military invasion of Iran, and no further injury and death, for reasons that may include causing or not causing the supply of oil to become scarce or abundant, then those potentially injured, or those potentially murdered people can be happy about that fact. There is a very large amount of power being consumed in this stage show that can be called the Iran "crisis", how much does that add up on the scale of "crisis"? Who pays that bill? History does not repeat itself, but it does rhyme, and my forecast is that the crude oil price will fall dramatically during the first half of 2012, possibly as low as $45 to $55 per barrel. The Legal Criminals may yet make sunlight scarce, so as to jack up the price - and call it a tax for our own good.
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| Posted: Tue Jan 24th, 2012 11:56 am |
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259th Post |
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Joe Kelley Administrator
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Who owes who what? So called "governments" can deal with other so called "governments" to demand payments from tax payers, or each other, but where does the actual value backing the money come from?
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| Posted: Sun Sep 8th, 2013 10:45 am |
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260th Post |
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Joe Kelley Administrator
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In response to false currency. Something competitive
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| Power Independence > Good News > Good News > It's the currency - STUPID! | Top |
