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| It's the currency - STUPID! | Rating: 
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| Posted: Tue Feb 12th, 2008 12:24 pm |
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81st Post |
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Joe Kelley Administrator
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http://www.google.com/search?hl=en&q=ITEX
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| Posted: Wed Feb 13th, 2008 11:43 am |
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82nd Post |
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Joe Kelley Administrator
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http://video.google.com/videoplay?docid=6759022809518563654&q=the+final+solution+to+hitler&total=76&start=0&num=10&so=0&type=search&plindex=0
See also: http://www.globalideasbank.org/site/bank/idea.php?ideaId=904
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| Posted: Fri Feb 15th, 2008 01:46 pm |
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83rd Post |
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Joe Kelley Administrator
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http://www.lewrockwell.com/paul/paul434.html ++++++++++ This medium of exchange should satisfy certain properties: it should be durable, that is to say, it does not wear out easily; it should be portable, that is, easily carried; it should be divisible into units usable for everyday transactions; it should be recognizable and uniform, so that one unit of money has the same properties as every other unit; it should be scarce, in the economic sense, so that the extant supply does not satisfy the wants of everyone demanding it; it should be stable, so that the value of its purchasing power does not fluctuate wildly; and it should be reproducible, so that enough units of money can be created to satisfy the needs of exchange. ++++++++++ To those who have an interest, Also - to those who may wish to censor my input on this forum please know that my comments are published on other sites too. The barriers are falling around you. If someone, anyone, feels injured by my defensive comments, then, consider the origin of that feeling. I intend my defensive comment to find only those who wear the shoe - if it fits. If the shoe does not fit, then, don't wear the shoe and don't censor me. See? I'm reading Ron Paul and commenting - the above economic logic is contradictory. The reason why 'enough units of money' - 'satisfy the needs of exchange' is to 'satisfy the wants of everyone demanding it'. The idea is to have credit in the hands of those who can utilize it productively when they can utilize it productively. There is no arbitrary need to make the currency ‘scarce’ for everyone (a broad brush or 'collective' and prejudicial edict or punishment) other than to avoid mal investment or the other ‘real reason’ whereby the supply is made scarce so as to command a higher price (high interest rate) and then only under monopoly or near monopoly control. The mal investment problem is solved by charging interest against borrowers with a history of mal investment and then to invest that purchasing power into an insurance policy based upon accurate data concerning predictable loses (costs) associated with borrowers who fail to pay back loans (for any reason not limited to mal investment). The mal investment problem is exacerbated (made worse) by an arbitrary (collective punishment) decrease in the supply of currency to those who can and will pay back the entire principle plus the minimum interest charge (a charge that is charged to cover the costs of operating the currency supply business – including a competitive ‘profit’). When the competition is eliminated, then, the sky is the limit on the POWER to profit (at the expense of everyone in that enforced monopoly - including the legal criminals 'if they only knew'). The FREE BANKING proposal eliminates the ‘scarcity value’ reason for imposing what amounts to a TAX on qualified borrowers when a monopoly currency provider can charge whatever the market will bear (since no competition will offer a lower cost alternative). Please see this clearly and comment if your viewpoint is critical of this accurate viewpoint. The idea behind making currency scarce during a currency monopoly is to increase profits flowing to the producer of currency. The higher the demand (due to scarcity) the higher will be the potential to charge more COST (pass on costs) to the buyer - as interest. This ability to control the supply at will (making currency scarce and then making currency abundant followed by making currency scarce again) causes the flow of purchasing power to increase toward the monopoly supplier (the one adjusting the supply) because the supplier has inside knowledge (accurate knowledge) measuring when and how much the supply will change. The flow of wealth is further increased toward the currency supplier when the currency supplier falsifies the published accounting of when and how much the supply will change; in other words - the Bankers say one thing and do the opposite so as to trick investors into poor investments while the insiders know in advance which investments will plummet and which investments will sky rocket because the people who control the 'scarcity value' cause investments and returns to fluctuate by that deception and control of currency supply. See here: http://www.amazon.com/Confessions-Monopolists-Frederic-C-Howe/dp/0839807937 So far Ron Paul expresses either a lack of understanding concerning the purpose of currency or my interpretation is reaching too far or not far enough. The point, again, behind making currency scarce (to qualified borrowers) is to rape them. Please know this. A qualified borrower does not mal invest or COST anyone anything, on the contrary, a qualified borrower is an investment earning entity who by his or her actions will lower costs and increase purchasing power generally; therefore – qualified borrowers borrow from themselves and by their actions they increase value as consumers, laborers, and otherwise add to total productivity (at lower costs). The idea that someone should profit from their investments (as a systematic approach toward financing) is taxing their ability to be productive and for what is this systematic approach designed to accomplish? The answer is clearly a design feature intending to cause a flow of purchasing power from those who produce purchasing power to those who monopolize the ‘legal’ currency supply. Once that flow is set in motion the affect is to empower the ‘legal’ currency suppliers at the expense of the ‘borrowers’ (the ones who produce purchasing power) and the logical conclusion is best expressed by (in my opinion) Common Sense. This: http://www.ushistory.org/paine/commonsense/sense2.htm ++++++++++ our calamity is heightened by reflecting that we furnish the means by which we suffer ++++++++++ In other words our POWER (in the precise form of purchasing power) flows to those who steal our POWER making 'them' more and more POWERFUL at our expense. The obvious link is monetary currency and the obvious design of the fraudulent monetary currency is extortion, on purpose, for profit. To suggest, if that is the suggestion, that the engineers of the fraudulent currency monopoly intend to 'save the children' or do anything other than rob, rape, torture, and mass murder goes beyond common sense and all the profuse evidence proving otherwise. This is where I add my confusion concerning Ron Paul's stated stand on impeachment. Who is fooling whom? It is the congressmen (and women) who have the POWER to begin investigation concerning possible crimes and therefore it is not the congress people who decide guilt or innocence. If a congressman or congresswoman has yet to entertain the idea that the President or Vice President could, possibly, be guilty of some crime, any crime, then - said individual has his, or her, head stuck in the dirt or other place not as complimentary. These, of course, are one person's opinion to be perused or ignored or otherwise handled as anyone judges on their own. Be my guest. I welcome logical criticism. How else have I arrived at this point in time and place otherwise? People exchange and that is our wealth producing activity which goes well beyond any capacity any human can command in solitude. Moving on: ++++++++++++ At this country's founding, there was no government-controlled national currency. While the Constitution established the Congressional power of minting coins, it was not until 1792 that the US Mint was formally established. In the meantime, Americans made do with foreign silver and gold coins. Even after the Mint's operations got underway, foreign coins continued to circulate within the United States, and did so for several decades. (Ron Paul) ++++++++++++ One of us has been duped. http://www.ushistory.org/tour/tour_1bank.htm ++++++++++ Up to the time of the bank's charter, coins and bills issued by state banks served as the currency of the young country. The First Bank's charter was drafted in 1791 by the Congress and signed by George Washington. +++++++++++ Perhaps something has been misunderstood concerning how and why The Constitution was created and subsequently enforced by people such as George Washington and Alexander Hamilton. I can offer the following: A revolution was fought to liberate the American continent from a currency monopoly imposed by the English STATE (legal criminals). The people, under the Articles of Confederation, voluntarily defeated the British. During the war a group of merchants invested in and profited from the conflict by loaning fraudulent currency to The People through the various States; however – under the Articles of Confederation the debts (investments) were precarious and the control of the flow of wealth through these ‘loans’ were insecure. A false advertisement campaign was launched to ‘save the Union’ and adjust the voluntary association under the Articles of Confederation. Once the merchants gathered behind closed doors (Secret Meetings) a ‘dirty compromise’ was agreed upon whereby the Northern Interests and the Southern Interests agreed to throw out the voluntary association and usurp the POWER of voluntary association and instead a Limited Liability Corporate Nation State was written into law. Some of the ‘delegates’ “Smelled a Rat” and a last ditch effort to save Liberty (from a currency monopoly) was attached (The Bill of Rights) to the new ‘Contract’ known as “The Constitution”. Sufficient proof of these facts are provided by George Washington’s own pen as he assembled a conscripted army to suppress the second of two major currency rebellions (the first being Shays’s Rebellion). Here: http://www.earlyamerica.com/earlyamerica/milestones/whiskey/text.html +++++++++++ And whereas, it is in my judgment necessary under the circumstances of the case to take measures for calling forth the militia in order to suppress the combinations aforesaid, and to cause the laws to be duly executed; and I have accordingly determined so to do, feeling the deepest regret for the occasion, but withal the most solemn conviction that the essential interests of the Union demand it, that the very existence of government and the fundamental principles of social order are materially involved in the issue, and that the patriotism and firmness of all good citizens are seriously called upon, as occasions may require, to aid in the effectual suppression of so fatal a spirit; ++++++++++ In those days no one (not even the legal criminals) dared speak against ownership of the means of defense against Tyranny (Gun Control was 'off the table'). Economic knowledge was 'on the table' and The People knew how to get around the currency monopoly. They used Whiskey as currency once the Gold left the country because of currency Mal Investment through The STATE (legal tender monopoly usurpation). Two very good sources for that time period are: http://www.amazon.com/Shayss-Rebellion-American-Revolutions-Battle/dp/0812236696 ++++++++++ Shays's Rebellion: The American Revolution's Final Battle ++++++++++ And: http://www.amazon.com/Whiskey-Rebellion-Frontier-Epilogue-Revolution/dp/0195051912/ref=pd_sim_b_title_2 ++++++++++ The Whiskey Rebellion: Frontier Epilogue to the American Revolution ++++++++++ Moving on: ++++++++++ On the desk in my office I have a sign that says: “Don't steal – the government hates competition.” Indeed, any power a government arrogates to itself, it is loathe to give back to the people. Just as we have gone from a constitutionally instituted national defense consisting of a limited army and navy bolstered by militias and letters of marque and reprisal, we have moved from a system of competing currencies to a government-instituted banking cartel that monopolizes the issuance of currency. In order to introduce a system of competing currencies, there are three steps that must be taken to produce a legal climate favorable to competition. (Ron Paul) +++++++++++ This post of mine is too large already and my rap up at this point (to be continued if possible) is to reiterate the logic as I know it to be concerning that last quote from Ron Paul’s message to Congress (The House). When any product demanded is supplied by more than one source there will be a tendency to provide greater quality at a lower cost in order to gain market share and remain competitive because a failure to provide greater quality at a lower cost fails to gain market share. Take, for example, the local fast food providers (a form of currency) and imagine having a choice between two rancid meals, one rancid meal at one establishment and another rancid meal at the other establishment, and both restaurants charge a months pay for one meal. Know that 'our' currency is rancid and we pay, in the case of necessary shelter, twice the cost of the home for the 'privilege' of 'borrowing' currency FROM OUR SELVES. I'll close with one more link and a quote: http://www.perfecteconomy.com/pg-parable-of-perfect-economy.html ++++++++++ In restoring one such relationship after the war, Franklin explained the real cause of the American Revolution in a conciliatory letter to a friend in France: "We would gladly have borne the little tax on tea and other matters, had it not been that they took from us our money, which created great unemployment and dissatisfaction. Within a year, the poor houses were filled. The hungry and homeless walked the streets everywhere." ++++++++++++
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| Posted: Wed Feb 20th, 2008 11:45 am |
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84th Post |
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Joe Kelley Administrator
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http://deliberatedumbingdown.com/
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| Posted: Wed Feb 20th, 2008 11:59 am |
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85th Post |
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Joe Kelley Administrator
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http://video.jeuxvideopc.com/video/iLyROoaft65W.html http://reformed-theology.org/html/books/bolshevik_revolution/index.html http://www.reformation.org/wall-st-hitler.html
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| Posted: Tue Feb 26th, 2008 01:37 pm |
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86th Post |
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Joe Kelley Administrator
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http://www.wired.com/techbiz/it/magazine/16-03/ff_free?currentPage=4
That is the same thing I've been writing about concerning currency. Product one is free. A provider offers mortgage loans (for home and office) at no cost (no interest) and the revenue stream is generated on product two which is another loan at one percent interest for Power production and use. See here: http://www.groundreport.com/Arts_and_Culture/Confusion-on-Money_1 The editors at that site edited my title from "Confusion on Money?" to their version. I would rather see my title, but the content of the article remains accurate so I let it slide.
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| Posted: Tue Mar 4th, 2008 08:08 am |
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87th Post |
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Joe Kelley Administrator
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http://video.google.com/videoplay?docid=-7065177340464808778 The link may be confusing when the viewer considers how things work. Please think in terms of voluntary associations on one side and involuntary associations on the other side. There are few natural monopolies where a single provider of a monopolized necessity can arbitrarily raise and lower the supply and the demand of that single thing produced and exchanged. Please consider how the owner of the patent on oxygen, sunlight, food, shelter, clothing, and water could profit from those monopolies if someone or some group held that monopoly power. Think about how natural competition works. Suppose J.P. Monopoly Dude owned and supplied all the worlds’ oxygen and that power enslaved everyone who didn’t pay the price. J.P. Monopoly Dude would turn off your supply of oxygen the moment you failed to step out of line. Then, one fine day, some upstart began producing oxygen in a remote village; undetected by J.P. Monopoly Dude’s police force. Know that J.P. Monopoly Dude wouldn’t need a Gitmo torture chamber when J.P. Monopoly Dude has control of oxygen. The new upstart competitor to the oxygen monopoly invests a simple method of converting water into oxygen and this formula is uploaded on the internet. It spreads almost as fast as porn. The former slaves to the oxygen Monopoly free themselves and everyone lives happily ever after. The formula is very simple. The complexity is in place so as to dumb down the victims. Gold does work as a very stable currency. Paper currency does work so long as the issue is accurate and transparent. Digital currency is very efficient and it can also be very secure and accurate. Please don’t argue over the details of which currency is best; the natural competitive process finds the best currency and that is exactly why monopolies must eliminate or disenfranchise all competitors. The future is as bright as the people; not so bright if only a few people care.
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| Posted: Tue Mar 4th, 2008 05:41 pm |
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88th Post |
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Joe Kelley Administrator
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http://video.google.com/videoplay?docid=5232639329002339531 Does the reader disbelieve?
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| Posted: Tue Mar 4th, 2008 07:24 pm |
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89th Post |
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Joe Kelley Administrator
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http://www.youtube.com/watch?v=BZr9yTCcZt0And when you wanted me
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| Posted: Thu Mar 27th, 2008 11:00 am |
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90th Post |
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Joe Kelley Administrator
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'The small town of Worgl in the Austrian Tyrol, suffering like every other town in Europe and America from the Great Depression, took the unlikely step of issuing its own currency' http://www.globalideasbank.org/site/bank/idea.php?ideaId=904
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| Posted: Tue Apr 1st, 2008 03:48 pm |
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91st Post |
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Joe Kelley Administrator
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http://www.lewrockwell.com/paul/paul447.html
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| Posted: Sat Apr 5th, 2008 10:41 am |
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92nd Post |
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Joe Kelley Administrator
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http://www.lewrockwell.com/north/north617.html
The phenomenon is based upon a function that is criminal. The idea is to victimize the power-less. As power flows from victims to criminals the effect is a reduction in power 'to be had' from victims. Therefore the criminals have to 'spread the wealth' back out in order to 'fatten' the victims. There is a serious problem with this criminal element called: Competition. The fix, of that problem (competition), is something called: "honor among thieves". I'll find the relevant quote from the link posted:
If competition between thieves is a problem, see, the fix is cooperation among the thieves. We are theives. You are victims. How honorable can one get?
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| Posted: Sat Apr 12th, 2008 04:04 pm |
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93rd Post |
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Joe Kelley Administrator
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http://www.lewrockwell.com/north/north619.html
When they tell you that Dooms Day is upon us, see opportunity. Get rid of The Dollar Hegemony, construct, maintain, and utilize an accurate currency based upon actual POWER like Electricity. Become Power-Indpendent sooner before it is too late. Example: http://www.groundreport.com/Business/Energy-Currency http://www.groundreport.com/US/Confusion-on-Money_1 http://www.anarchism.net/forum/board_entry.php?id=15403&page=1&category=0&order=last_answer&descasc=DESC http://www.anarchism.net/forum/board_entry.php?id=26878 http://forum.atimes.com/topic.asp?TOPIC_ID=12583 http://www.restoretherepublic.com/component/option,com_fireboard/Itemid,27/func,view/id,863/catid,34/
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| Posted: Sun Apr 13th, 2008 12:57 pm |
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94th Post |
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Joe Kelley Administrator
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http://www.garynorth.com/public/3328.cfm
Having the power to increase or decrease the money supply is the power to cause inflation and deflation. If you have that power and if you have the power to misinform people about the current rate of change you have inside information and those who are outside can be deceived into transfering more power to the inside. See this? You have the power to increase the supply of money. You have the power to decrease the supply of purchasing power (money). You have the power to misinform everyone as to the current increase or decrease of purchasing power units (money). You therefore have the power to create and use purchasing power (like having an unlimited credit card and having no obligation to pay back the money borrowed) while you have the power to take purchasing power away from everyone else - by fraud. That is unlimited financial power. You can buy anything that anyone sells. Can you trust someone to give you the true facts about the current rate of inflation or deflation if they have the power to misinform you? Wouldn't it be wise to get a second opinion? This is like asking the mugger to report his daily schedule.
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| Posted: Tue Apr 15th, 2008 12:54 pm |
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95th Post |
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Joe Kelley Administrator
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http://www.takeyourmoneyback.com/ I have yet to check that link out. It is from the Jews for the Preservation of Firearms Ownership. They are seeing the link between free human beings and legal criminals: currency. J
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| Posted: Tue Apr 15th, 2008 03:25 pm |
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96th Post |
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Joe Kelley Administrator
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http://www.lewrockwell.com/north/north620.html
The power to create 'purchasing power' and then sell this power (with interest) is one side of the coin. Power transfers to the currency fraud at a specific rate (interest rate). The other side of the coin is 'deflation' when those who 'borrowed' the power to purchase (and the additional charge of interest 'debt') are priced out when money becomes scarce (they can no longer afford to pay the loan back and can no longer afford to pay the additional interest payments) so the loan defaults (less money in circulation makes it hard to get money and that causes a solvent business to become insolvent) and 'title' (title to whatever was held as "collateral") transfers to the currency fraud operators. Two sides to the currency fraud: Side A = Inflation and Interest Create imaginary purchasing power and sell this purchasing power to initiate a transfer of purchasing power from those who earn it to the currency criminals. Side B = Deflation and default Remove imaginary purchasing power and foreclose on defaulted loans to gain title, possession, and control of the products produced by the imaginary purchasing power. Inflation makes currency cheap and easy to get as the supply of purchasing power reaches over-supply. Deflation makes currency expensive and hard to get as the supply of purchasing power reaches scarcity.
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| Posted: Sat Apr 19th, 2008 02:50 pm |
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97th Post |
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Joe Kelley Administrator
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http://www.iea.org.uk/record.jsp?type=book&ID=431 +++++++++++ In this groundbreaking work, first published in 1976, Friedrich von Hayek argues that the government monopoly of money must be abolished to stop recurring bouts of inflation and deflation. Abolition is also the cure for the more deep-seated disease of the recurring waves of depression and unemployment attributed to 'capitalism'. ++++++++++++ The problem with data that is couched as 'groundbreaking' is the facts that show otherwise. Here are a few examples of ground being broken: http://www.amazon.com/Shayss-Rebellion-American-Revolutions-Battle/dp/0812236696 That book offers data supporting the groundbreaking work in 1786 when former volunteers who fought against the British enforcement of the government monopoly of money fought against Massachusetts State enforcement of the government monopoly of money and the ‘rebels’, ‘insurgents’, and ‘out-laws’ lost the battle but won the war. The ‘rebels’ were punished and pardoned after their defeat while the Confederation re-acknowledged the spirit of liberty in money matters. In other words the use of state troops to squash tax revolts (currency fraud revolts) was against the law – at that time – under the Articles of Confederation. Massachusetts was extra-legal in its suppression of Shay’s Rebellion. http://tinyurl.com/5jvfga That book offers data supporting the groundbreaking work in 1794 when former volunteers who fought against the British enforcement of the government monopoly of money were re-inspired to fight the same battle against the new ‘masters’ imposing a new currency fraud under the newly formed Constitution of the Untied States of America. The “rebels”, “Rabble”, “Insurgents”, and “Tax Protesters” were defending the power they had to employ whiskey as currency since the currency fraud caused Gold to leave the former colonies that were now incorporated as one happy Nation State (limited liability). http://www.amazon.com/Secret-Proceedings-Debates-Constitutional-Convention/dp/1410203638 That book offers data supporting the groundbreaking work of the people who failed to defeat the incorporation of the separate and sovereign confederated states into a single Union or Nation where the Nationalists pretending to be federalist created and then enforced a currency fraud upon the people living within the legal reach of the new Limited Liability Corporate Nation State. http://tmh.floonet.net/pdf/jwarren.pdf That book offers data supporting groundbreaking work (1849) in creating and maintaining a voluntary system of paper currency competing and winning market share against the legal currency monopoly fraud until legal means were employed to suppress the voluntary association. http://www.anarchism.net/scienceofsociety.htm That book offers supporting data recording the efforts in the 1840s onward to compete and win against the incorporated limited liability Nation State Currency Fraud. http://www.the-portal.org/mutual_banking.htm That book offers more groundbreaking work in 1850 specifically identifying a concept called “The Parasite City” to expose the illegitimacy of currency fraud. http://www.lysanderspooner.org/papercurrency.htm That book offers more groundbreaking work in 1860 specifically identifying a new form of paper currency based upon real estate property in direct competition with the current currency fraud at that time. http://www.globalideasbank.org/site/bank/idea.php?ideaId=904 That web page offers more groundbreaking work in early 1930s Austria where reverse interest currency was employed in direct competition with the current currency fraud at that time in that place. http://www.perfecteconomy.com/pg-parable-of-perfect-economy.html That web page offers more data on specific events in history concerning specific currency frauds while offering groundbreaking work competing against current government monopoly fraud. This particular quote sums things up well: +++++++++ "We would gladly have borne the little tax on tea and other matters, had it not been that they took from us our money, which created great unemployment and dissatisfaction. Within a year, the poor houses were filled. The hungry and homeless walked the streets everywhere." (Ben Franklin on the ‘Revolutionary War”)
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| Posted: Sun Apr 27th, 2008 12:06 pm |
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98th Post |
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Joe Kelley Administrator
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http://www.informationclearinghouse.info/article19818.htmIslamic finance has become the fastest-growing, most dynamic sector of global finance. Every Western-style financial product has its sharia, i.e. Islamic law, compliant instrument: microfinance, mortgages, oil and gas exploration, bridge building, even sponsorship of sporting events. Islamic finance is innovative, flexible, and potentially very profitable. “Operating in 70 countries with about $500bn in assets, it is poised to expand geometrically.” With more than one billion Muslims eager to support it, analysts project that this system will soon manage approximately 4 percent of the world economy, equivalent to $1 trillion in assets. Such figures explain the eagerness of Western banks to tap into sharia financial services. Citigroup, along with many other Western banking retailers, have opened Islamic branches in Muslim countries. Muslims compliant with sharia, the religious law that comes directly from the Koran. Islamic activists, intellectuals, writers, and religious leaders have always upheld the prohibition of riba, the interest charged by moneylenders, and denounced gharar, which refers to any type of speculation. Under this belief, money must not become a commodity in itself to create more money. Islamic finance thus shuns hedge funds and private equities, because they simply multiply cash by stripping assets. Money serves as a means or instrument of productivity as originally envisioned by Adam Smith and David Ricardo. This principle is embodied in the sukuks, Islamic bonds. Sukuks always link to real investments - for example, to pay for the construction of a toll highway - and never for speculative purposes. This principle springs from the sharia’s ban on gambling as well as on the prohibition of any forms of debt and activities that trade risk. Partnership is the heartbeat of Islamic economics. “Underlying the system is the philosophy of risk sharing: the lender must share the borrower’s risk, making the two in effect partners, injecting a strong social component into the financial system. This concept separates Islamic Finance from Western Finance, which seeks to maximize profits and minimize loss through diversification and risk transfer.” Also, money must be put to work. Because Islamic finance prohibits interest, it seeks revenues from rents, royalties, business profits, or commodity trading; a mortgage, for example, represents a “rent to buy” arrangement. Thus, conceptually, Islamic economics is the opposite of Western finance, which revolves around the individual’s self-interest. Last edited on Sun Apr 27th, 2008 12:51 pm by Joe Kelley |
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| Posted: Tue Apr 29th, 2008 05:39 pm |
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99th Post |
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Joe Kelley Administrator
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http://www.informationclearinghouse.info/article19836.htm Currency gain.
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| Posted: Wed May 7th, 2008 06:57 pm |
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100th Post |
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Joe Kelley Administrator
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http://www.lewrockwell.com/north/north624.html
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