Thread: The Jackass Whisperer

"When a government is dependent upon bankers for money, they and the leaders of the government control the situation, since the hand that gives is above the hand that takes.

Money has no motherland; financiers are without patriotism and without decency; their sole object is gain." Napoleon Bonaparte

"The issue which has swept down the centuries and which will have to be fought sooner or later, is the people versus the banks." Lord Acton

"The study of money, above all other fields of economics, is one in which complexity is used to disguise or to evade truth, not to reveal it." John Kenneth Galbraith, economist

"Banks lend by creating credit. They create the means of payment out of nothing." Ralph M. Hawtrey former Secretary of the British Treasury

"The decrease in purchasing power incurred by holders of money due to inflation imparts gains to the issuers of money." St. Louis Federal Reserve Bank

While some may argue that everything is relevent as inflation has played out throught the years, while it may take more money to buy a loaf of bread compared to 40 yrs. ago, we also make more in salary than we did back then, and so this balances out the inflation. This thinking goes along with the imperceptable nature of inflation that is not readily seen.

The "imperceptable nature" should not be viewed as mild or benign, but as devious and destructive.

There was a time when the household income was a result, and expressed as the wages of the head of household, Father, Dad, Pops, Papa, whatever you prefer. Leave the emotions towards that comment aside for a moment. Fact was a household was run on one wage earner. Then during the social revolution that took place during the 60's and 70' brought forth "Women's rights" movement and then we ended up with a two wage earner household. Was the revolution for "Women's rights?" Or was the economic system demanding that we take advantage of the "idle" (stay at home moms must love that description, "idle") labor force that could help to pay for debt? While there may have been some temporary gain in the household income, this was a demand of inflation and eventually created more inflation, and now is a requirement for many households, as not too many can afford the "stay at home Mom" that was so common not that long ago. This will continue and we will have to take advantage of extended family to make the household income work for the sake of inflation.

Inflation is a transfer of wealth to the top. Inflation places pressures on the social norms and demands contortion and evolution from the norm to a new norm. The new norms become ever moreso burdensome. They will demand that freedoms and liberties be stripped in favor of the money system,..there is no escape. As inflation grows, so must government in order to "redistribute" the wealth back down to the bottom, but this is also a imperceptable trap as eventually the government out eats the paying and producing class, the tax payers. Only the end consumer pays taxes, all others are just transfers which create an illusion that is circular logic.

As this monetary system races towards a worldwide equallibrium, which it must, it will collapse. This is not a humanitarian effort on the part of the money system, it is a mandatory built in dictate of the system. Continual growth by debt or the system will collapse.

Other than the quote at the top of this post, the rest is my opinion.

"When plunder becomes a way of life for a group of men living together in society, they create for themselves in the course of time a legal system that authorizes it and a moral code that glorifies it." Frederick Bastiat 1801-1850 political economist

"The bank hath benefit of interest on all moneys which it creates out of nothing." William Patterson founder of The Bank of England

"Only when the last tree has died and the last river has been poisoned and the last fish been caught will we realize we cannot eat money." Cree Indian Proverb

"I wouldn't go to war again as I have done to protect some lousy investment of the bankers.
There are only two things we should fight for. One is the defense of our homes and the other is the Bill of Rights.
War for any other reason is simply a racket." Major General Smedley Darlington Butler USA 1881-1940

"The entire world economy rests on the consumer; if he ever stops spending money he doesn't need we're done for." Bill Bonner columnist of economics and money

"The one aim of these financiers is world control by the creation of indistinguishable debts." Henry Ford


"The real menace of our republic is this invisible government which like a giant octopus sprawls its slimy lenght over city, state, and nation. Like the octopus of real life, it operates under cover of a self created screen. At the head of this octopus are Rockefeller Standard Oil interests and a small group of powerful banking houses generally referred to as international bankers. The little coterie of powerful international bankers virtually run the United States government for their own selfish purposes. They practically control both political parties." Mayor of New York John F. Hylan 1922

"The financial system...has been turned over to...the Federal Reserve Board. That board administers the finance system by authority of...a purely profiteering group. The system is private, conducted for the sole purpose of obtaining the greatest possible profits from the use of other people's money." Rep. Charles Lindburg (R-MN)

"If you want to remain slaves of the bankers and pay them for the costs of your own slavery, let them continue to create money and control the nation's credit." Sir Josiah Stamp

"The case for government by elites is irrefutable." Sen. William Fullbright

"If there were no debts in our money system, there wouldn't be any money." Marriner Eccles Governor of the Fed. Res. Sept. 30, 1941 House Committee hearing on Banking and Currency

"...slavery is but the owning of labor and carries with it the care of the laborers, while the European plan...is that capital shall control labor by controlling wages. This can be done, by controlling the money. It will not do to allow the Greenback...as we cannot control that." The Hazard Circular July 1862

"The Morgan interests took advantage...to precipitate the panic [of 1907] guiding it shrewdly as it progressed." Frederick Allen Life Magazine

"The bold efforts the present bank has made to control the Government...are but premonitions of the fate that awaits the American people should they be deluded into perpetuation of this institution, or the establishment of another like it." President Andrew Jackson

"It was a crefully contrived occurrence, International Bankers sought to bring about a condition of despair, so that they might emerge the rulers of us all." Congressman Louis McFadden

"A world banking system was being set up here...a superstate controlled by international bankers...acting together to enslave the world for their own pleasure. The Fed has usurped the government." Congressman Louis McFadden

Hows about a video? Kick back, crack open a can of beer,.....careful, don't cry in your beer.

http://www.openculture.com/2011/04/inside_job.html

"We have in this country one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board...This evil institution has impoverished...the people of the United States...and practically bankrupted our Government. It has done this through...the corrupt practices of the moneyed vultures who control it. " Rep. Louis McFadden

"History records that the money changers have used every form of abuse, intrigue, deceit, and violent means possible to maintain their control over governments by controlling money and its issuance." James Madison

"The government of Pennsylvania, without amassing any [gold or silver], invented a method of lending, not money indeed, but what is equivalent to money to its subjects. [It advanced] to private people at interest, upon [land as collateral], paper bills of credit...made transferable from hand to hand like bank notes, and declared by act of assembly to be legal tender in all payments....[the system] went a considerable way toward defraying the annual expense...of that...government [low taxes].

[Pennsylvania's] paper currency...is said never to have sunk below the value of gold and silver which was current in the colony before the...issue of paper money." Wealth of Nations 1776 Adam Smith



"If unchecked, the economic and political chaos that comes from currency destruction inevitably leads to tyranny - a consequence of which the Founders were well aware." Paper Money and Tyranny by Rep. Ron Paul

"The Federal Reserve System virtually controls the nation's monetary system, yet it is accountable to no one. It has no budget, it is subject to no audit, and no Congressional Committee knows of, or can truly supervise its operations." Murray Rothbard



"There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only wheter the crisis should come sooner as the result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency involved." Ludwig von Mises

A walk down Memory Lane. From two years ago, Peter Schiff.

http://www.youtube.com/watch?v=EgMclXX5 ... re=related

This video may help to put some pieces together concerning our economy as events have unfolded and Schiff was right again.

Carbon as a commodity.

Considering the debate concerning global greenhouse gases and its expansion towards Anthropogenic Global Warming/Cooling/Changing leading towards governments around the world trying to set up a carbon trading scheme despite relentless objections from the public and coupled with massive fraud found in this scheme, one has to wonder at why all of the stubborn persistance?

When one considers carbon, or carbon emissions to be traded as assets and liabilities within the confines of a trading market, then one can understand that this carbon has been elevated to a commodity fully subjected to all of the market stresses of any other commodity. Yet, though it does appear to be traded in such a manner, upon closer examination the market is closed to all but a few that are invited to trade in the market, namely certain funds and industries with the governments blessings and regulations and sanctions, ie their force of law.

Sticking with the purer commodity base that has been established by placing it into a trading regime, it appears to have the same attributes as any other commodity, at face value, or first perception.

Gold is a commodity, as is silver, as is paper money. They are all traded as a commodity.

Is it possible to turn carbon into a monetary base?

Gold as a monetary base, or standard is rigid and leaves little room for governments to debase their linked currencies. This is a major reason we are not on a gold standard. Nations prefer to have more flexibility with their respective currencies. Should they need funding for whatever, war, depressionary periods, or social wishlists, they need only debase their currency at the expense of their citizens and anyone else holding their currency. They in essence just steal a little of the value of all outstanding currency in circulation, as well as all credits and liabilities due at a future date. In other words all of the money of that currency is debased. That is inflation. It is a clandestine theft that politicians can live with, for a while.

With that said, what if carbon was established as a world wide base or standard for all currencies? Carbon by edict of the various governments would then take on the role that gold would play. It would be a standard backing for currency. Yet it would still be elastic, as you or I could not go out and earn, or dig up carbon credits. They would be the King's prized jewels, albeit synthetically made jewels.

However the attractive side of carbon being linked as a standard by government decree, would be that governments would have full control of the carbon credits and their distribution and expansion. It would create a worldwide standard, with only governments agreeing to expansion whenever they would wish, which would mean they would have more control over the worlds production.

Currencies could be linked to carbon credits should the nations of the world agree to such a standard.

Liberties and freedoms would go out the window. As they do under any fiat system.

JMOs