Gloom, Doom, or Boom? Finance and Economics

[Colonel Sun]

[Colonel Sun]

[Demon of Undoing]

Pointing out how easy we have it now doesn't fix anything. Of course food is cheaper now than back during the Indian raiding days . And if it weren't the consumer economy would collapse. It's a matter of what your expectations are , and what expectations you build into your systems.

[Azrael]

[Demon of Undoing]

[Azrael]

[Mr. Perfect]

Anytime any prices go up because of supply restrictions it will have a negative economic effect. The only question is how much and for how long. I'm not saying it's the worst thing in the world, I'm just saying it's reality.

[AzariLoveIran]

487157_pic_970x641.jpg (83.96 KiB) Viewed 846 times

Look folks .. Obama innocent, he scapegoat


.

[Mr. Perfect]

Funny cartoon Az, funny.

I would say if you sign up for job, maybe not scape goat.

[monster_gardener]

[skyhook77sfg]

lets not forget the devious mind that created the original monetary black hole....

the AIG derivatives "insurance " London subsidiary...

that slippery character who says call me Hank

but do not call me responsible....

Maurice Greenberg.

see http://capitalbeat.com/?p=2992




All in all Paul Volcker summed it up pretty well:

The former US Federal Reserve chairman told an audience that included some of the world's most senior financiers that their industry's "single most important" contribution in the last 25 years has been automatic telling machines, which he said had at least proved "useful".

Echoing FSA chairman Lord Turner's comments that banks are "socially useless", Mr Volcker told delegates who had been discussing how to rebuild the financial system to "wake up". He said credit default swaps and collateralised debt obligations had taken the economy "right to the brink of disaster" and added that the economy had grown at "greater rates of speed" during the 1960s without such products.

When one stunned audience member suggested that Mr Volcker did not really mean bond markets and securitisations had contributed "nothing at all", he replied: "You can innovate as much as you like, but do it within a structure that doesn't put the whole economy at risk."

ONE LONE SANE MAN AGAINST A HOST OF PARASITES...

[AzariLoveIran]

[AzariLoveIran]

[skyhook77sfg]

Congressman Louis McFadden, chairman, House Banking and currency Committee

Some people think the Federal Reserve Banks are U.S. government institutions. They are not ... they are private credit monopolies which prey upon the people of the U.S. for the benefit of themselves and their foreign and domestic swindlers, and rich and predatory money lenders. The sack of the United States by the Fed is the greatest crime in history. Every effort has been made by the Fed to conceal its powers, but the truth is the Fed has usurped the government. It controls everything here and it controls all our foreign relations. It makes and breaks governments at will.

(Muammar Gadhafi’s decision to pursue gold standard and reject dollars for oil payments may have sealed his fate)
http://theuglytruth.wordpress.com/2011/ ... more-17252


Sir Josiah Stamp, director of the Bank of England

The modern banking system manufactures money out of nothing. The process is perhaps the most astounding piece of sleight of hand that was ever invented. Banking was conceived in inequity and born in sin .... Bankers own the earth. Take it away from them but leave them the power to create money, and, with a flick of a pen, they will create enough money to buy it back again .... Take this great power away from them and all great fortunes like mine will disappear, for then this would be a better and happier world to live in .... But, if you want to continue to he the slaves of bankers and pay the cost of your own slavery, then let bankers continue to create money and control credit.


Thomas Jefferson author of Declaration of Independence and President

If the American people ever allow a private bank to control the issue of their money, first by inflation and then by deflation, the banks and corporations will deprive the people of their property until their children will wake up homeless on the continent their fathers conquered.



HOW MANY AMERICAN FAMILIES HAVE JUST LOST THEIR HOMES AND HOW MANY MORE TO COME?


like a prominent banker told us a while back....


"Give me control of a nation's money and I care not who makes it's laws. "

[Mr. Perfect]

Looks like you're becoming a teabagger, welcome to the fold.

[Demon of Undoing]

There is an emerging synthesis.

[skyhook77sfg]

TEA BAGGER?

hardly.

dont care much for fat grumpy old white folks.

been verbal about the creature from jekyll island for decades.

the tea baggers are pocketbook protest patriots....

my quarrel with the congressional dereliction of duty

on the constitutional dictum it coin money

and regulate the value thereof is a matter

of the supreme law of the land.

[Mr. Perfect]

You're gonna have to embrace the teabags my friend, they are your only ally on this issue.

Don't shoot the messenger.

[skyhook77sfg]

brilliant find DEMON....

will put my force multiplier behind it

even though june 14 is a short fuse.

message needs wide distribution...

let's take it viral.

got any background?

[Mr. Perfect]

It won't go anywhere without the teabaggers.

[skyhook77sfg]

wasnt talking to you.

but go ahead and butt in anyway.

why do you say that....

citation desperately needed.

[Demon of Undoing]

I have said from the beginning that the TP was significant as the seed for something that could evolve from it. I don't think the TP is much of a threat ( except perhaps legislatively, that's its own argument) . I think it is a threat to TPTB one generation removed . The Sons of TP , if you will. They will live with the manifestation of many of the Tea Party prognostications, they will be much more angry, more easily able to network and much less tied to older versions of practical and impractical. Give it ten to fifteen years, and the framework being created now by retiring Boomers will be added to the insidious undermining so prevalent to the end of the generation X'ers ( there is always a shortcut - give me a smart and lazy general ) that tend to drive Anon and so many of the the other little hard -to-see, backdoor solutions .

Anon has done a credible job of incorporating some counterintel strategies. More accurately, they are possibly among the better templates for fifth gen infowar elements extant . The structure of antis will be more organic, less linear , more distributed. The inherent masking features of the internet way of doing things, when disseminated and applied by people that truly have little to lose ( wait for it) will be significantly disruptive. We should note that this will be the case even if the nation/culture does the right thing . Murphy , like Vegas , always win in the long run .

The June 14th idea of occupying Federal space is premature. Not enough hurt. When they motivate the TP types to actual protest like that, we will have reached a watershed moment. Until then, they are mostly informing certain sectors on the issues. Not so much by the propaganda they peddle , but by how they are doing things, spreading messages and creating memes . And by how they are getting crushed . Big Brother is watching, but the PITA little cousins are paying attention, too. We'll see who wins in a fight.

There are , as befits a truly decentralized ethos , multiple ,independent and unconnected lines of effort aimed at throwing wooden shoes in the machines . The TP is one, Anon is one, both more sound than fury. But the well of discontent they represent is deep and getting more active. Pain is a catalyst . Better keep the bread and circuses going, the tools used now are rather more stout than flintlocks .

[Mr. Perfect]

[Mr. Perfect]

[Demon of Undoing]