Misunderstanding the petro-dollar, inflation, and fiat money creation

[ThePythonicCow]

It's a common meme of the alt-finance commentators (aka gold bugs and Austrian economists) that:

• Money is made up out of thin air by the banks.
• It's surprising that the US Dollar isn't already hyper-inflating.
• Fiat money, such as the US Dollar is backed by nothing, or it's backed by oil, depending on the commentator.
• The world must and will return to "real money", backed by gold.

I am slowly coming to the conclusion that all of these memes are false.

It's not money that's made out of thin air. It's loans that are made out of thin air.

When a bank lends money, it creates a pair of offsetting book entries, cash now for promised debt repayments (or repossession of the collateral) later. This much I have written before here, several times. But what the offset really is, is not always what I had been thinking it was. More on that below.

My fresh insight is this. Fiat debt-money systems, such as we have now, are dynamic. One must study the flow, the source and sink, of the currency, not what does (or does not) supposedly back it. Such systems only work if they create a flow of something essential. There must be a source of the money (bank lending or new stock issuance being the most common sources), and a sink (something important that requires and sucks up money), and choke points or toll booths along the way, where the rich and powerful can become richer and more powerful.

There are several major such flows in the current US Reserve Dollar global monetary system.

Individuals (whose last name isn't Rothschild or Rockefeller) "owe their soul to the company store". They (we) are usually in debt, and working to pay off loans and mortgages. We're also working to pay taxes, which the governments over us collect, at gun point if need be, to pay off their debts. We're also working to purchase things (useful things like food and fuel) from major corporations that in turn own their size to bank lending and bank handled issuance of new stock shares.

When a corporation borrows money, they must pay it back, or go bankrupt. When a corporation issues new stock, they must thrive and remain profitable, or their investors might go bankrupt. Of course it's never the bank at risk. Much of what we pay for our food and fuel ends up as profits for the banks, either as loan repayment, or as investment service fees, or at the banks "trading desk", rigging the stock markets. Small time family businesses that don't play this debt and/or stock game are run out of business by major corporations such as McDonald's, Starbucks, Wal*Mart or Amazon, who are funded by the banks to make huge infrastructure investments that can drive down the unit cost and drive up the demand using advertising and marketing. No mom-and-pop store can compete with that.

When a major government borrows money, something different happens. They become obligated to collect taxes to pay on the debt, even if this means grinding poverty (aka "austerity") for the populace. If they don't play that game, then some department of dirty tricks buried in the western intelligence apparatus, working closely with some international banks department of dirty tricks, overthrows that government, and brutally murders its traitorous (traitor to the elite banksters) leader.

From about 1945 to 1970, the US Dollar was a leading national currency, in a world of multiple national currencies that could be exchanged for those Dollars, and those Dollars could in turn be exchanged, at least by other nations, for some of the gold in the US Fort Knox.

The US (and any other nation) can collect taxes from its own citizens, providing that essential "sink", that sucks up the money that was initially lent into existence.

But the US cannot (though it tries) tax the rest of the world. So some other "sink" was needed, to create the world flow of US Dollars, from source to sink, that could then be tapped into by those controlling some choke point.

There were two major such sinks created, one of them with the Petro-Dollar.

(1) What happened with the Petro-Dollar is that Saudi Arabia and other OPEC oil exporting nations were strong armed (carrot: a gold Rolls, booze and women; stick: die young) into selling their oil only for US Dollars, and then "investing" most of their trillions of US Dollar profits in US Treasuries held in New York. The Saudi's will never see most of those US Dollars again. Never. Those US Dollars effectively went into a black hole. This was the equivalent of a world tax, imposed by the big Western banks and the US military and "black ops" intelligence agencies, on the most heavily traded and essential commodity in the world - oil.

(2) The other major sink for the US Dollar was forcing other nations to repay their debts in US Dollars. The big Western banks controlled the supply of large scale lending, and would only issue debt in US Dollars. The Economic Hitman, John Perkins, has documented how this was done, in some detail. Many nations have been driven into bankruptcy, sometimes repeatedly, since World War II, under debt burdens imposed by these operations. These nations end up "privatizing" any resource or income stream of value, for the long term benefit of the western banksters, corporations, and their controlling elite bastards.

But gold, as commonly understood, is not the answer, and will not be the solution.

In a time long ago and far away, gold and silver were apparently "real" money, traded in physical metal form by individuals, businesses and governments. In those times, silver was often the actual coin most commonly used in smaller purchases, and gold was a longer lasting store of value. Paper money, if overprinted by some government, would be sucked back out of circulation ... to buy gold. That was at least one of the essential ways that the necessary flow was created - the source and sink creating a flow of something people and businesses needed. Taxes and tithe were other ways, of course.

Then in the century prior to 1970, Pounds and Dollars would become no longer primarily valuable (in demand) because one could get "real money" (gold and silver) for them. Rather they became increasingly required by individuals and corporations to pay taxes and repay debt.

Thus for the last couple of centuries the British Pound, and then the US Dollar, became the dominate currencies in circulation. Gold became a decreasingly small part of global finance. Following the Bretton Woods Conference in 1944, only national governments could still get gold for their dollars.

When Rockefeller's agent Henry Kissinger, under their US Presidential puppet Richard Nixon, took the US Dollar totally off any gold standard and instituted the Petro-Dollar, in the early 1970's, this instituted the second leg of the stool supporting the US Dollar.

When the US

• invaded the "Golden Triangle", where Thailand, Myanmar (ne Burma), and Laos meet in the "Vietnam War" of the 1960's,
• funded and gained control of the drug business in Latin and South America (Columbia, Mexico, et al) and
• invaded Afghanistan in the "War on Terror" of the last sixteen years,

this instituted the third leg of the stool supporting the US Dollar, a monopoly position in an estimated trillion dollar world drug business, which provided all manner of opportunity to source, sink, and steal US Dollars on a massive scale.

All these, and many other overt and covert military and intelligence operations, world-wide, provided a fifth leg of the stool supporting the US Dollar.

Let me briefly enumerate these legs again. The US Dollar has been needed to:

1. repay Dollar denominated national and corporate debts,
2. buy oil,
3. buy heroin and derivative drugs, and
4. buy US arms (or protection from US arms.)

When one says that a currency is "backed by" gold, that means that one can exchange paper for gold, or gold for paper, as much as one wants. This makes the paper as valuable as however much gold its denominated to represent.

The US Dollar has not been "backed by" oil. Rather dollars have been in demand to pay for oil imports. That demand has sucked up dollars from the world monetary system, and sent those dollars back to the New York banks, where they would never be seen again. The Petro-Dollar helped create the essential flow of money in circulation (and hence was subject to sundry toll takers, at every available choke point.)

Of course, this cannot continue forever, and it must end badly. It cannot continue for (at least) three reasons.

(1) Fiat debt-money systems inherently need to keep growing the outstanding debt. More and more, exponentially more (US debt has doubled every eight years, for decades) debt must be extended, to make payments and interest on existing debt and to fund whatever economic activity is needed to keep the system going. Eventually, the promised future returns so far exceeds anything that can possibly be attained that the system collapses. Every possible resource or possible source of future income is promised to pay off some debt, there is nothing left worth lending against, no one left eager to take out more loans who is likely to repay those loans. Then, at a time and place of the big banks choosing, the increasingly liberal debt issuance is pulled back. A world economy that has become totally addicted to the crack cocaine of high finance and collateralized rehypothecated debt has its crack removed. The hangover, the withdrawal symptoms, will be epic, as I expect we will soon be seeing.

(2) The second reason that the US Petro-Dollar's status as the world's "reserve currency" cannot continue much longer is that a key element of that monetary system, massive world-wide trade in oil, is coming up on a major reset. The cost, in energy, to extract energy, from oil wells is rapidly rising. When one barrel of oil could be spent to drill a well that returned one hundred barrels of oil, that was a wonderful source of cheap, abundant, energy. When one barrel of energy spent drilling returns only, say, five barrels worth of energy useful for manufacturing, transportation, heating or other purposes, then that puts us back to about the economic time of burning wood, and supports a much smaller world economy.

(3) This is no way to run a (real, productive) business. An ever increasing portion of the "business of America" is financial speculation, as our real productive ability, on our farms and in our factories, declines. It is this real production that ultimately must provide the promised stock profits, bond earnings, and promised social benefits. Once the promises rise sufficiently, as the reality declines precipitously, it will become obvious that the system is collapsing.

Either some dramatically new energy source will be unveiled to the public, in the coming few years, based on physics and technology currently hidden from us, or the world's economy (and population) will collapse back to an earlier time.

For these two reasons, King Dollar, and the Century of American Exceptionalism it has financed, are coming to the end of their life. The elite bastards know this well, and are ramping up the internal conflicts and divisions within the US, along whatever fault lines they can pry open. As in "urban renewal", the old buildings must be torn down, to build the new. Just think of 9/11 as (in part) an urban renewal project. The elite bastards use conflict and chaos to gain the control they want to carry out such projects.

I see no way that we will return to a "real" gold standard, in which the common man trades in gold and silver coin. Even now in India, the common man usually trades in paper currency - the Indian rupee, as demonstrated by the chaos that ensued when the Indian government changed which rupee notes were valid tender.

Rather it seems that some new fiat debt-money system will be instituted, in which many existing debts, including pensions, insurance plans, stocks and bonds, and promises social services, will default, and in which the US Dollar will become just another national currency, of a country with a massive trade imbalance. Gold will apparently play some role at some high level, in an unclear way, mostly I suspect as just another way for the banksters to rip off the rest of us, and to mark the new world pecking order of nations. Instead of the US supposedly having the largest gold stores, it will be China. The new world monetary system will surely be more digitized than paper in form, the better to keep track of us sometimes unruly peasants and to put the squeeze on any person, corporation or government that can be squeezed for more plunder.

Once the US Dollar system can no longer rely on any of

1. any pretense of increasingly bankrupt nations to continue to make debt payments in US Dollars
2. the increasingly energy-inefficient world petroleum market,
3. the willingness of the rest of the world to tolerate the US heroin business, or
4. the willingness or ability of the rest of the world to fund the US arms business,

then the US fiat reserve dollar world monetary system collapses.

All this will be coming soon to a theatre near you (though in the form of lies, deceipt and propaganda, no doubt.)

Oh - one more "pump" of the current Dollar system is due to collapse. Ever since at least President Lyndon Johnson's promises to the American people of a "Great American Society" and actually back to President Franklin D Roosevelt's promise of federal retirement funding to Americans, one of the ways that money has been kept in circulation, buying stuff on debt and generating tax and revenue streams to fund more taxes and debt payments, ... the promised future benefits have continued to expand, increasingly beyond anything that can be payed out.

Soon Americans are going to learn the value of "real savings", the old fashioned way, in what one has, in what one knows, in what one can do, in one's health, and in the value of the friends, family and neigbors one can trust. This "spending pump" on more and more inessentials, because we are trusting in the government to be there for us in times of need, sickness, or old age, will break down.

===

Most of the above I, or others, have likely said before. Two key new (well, relatively new to my awareness and perhaps new to my writings) ideas are:

1. The "petro" in "petro-dollar" was playing a key role as one of the ways that lent dollars were (permanently, as the Saud's are learning) removed from circulation. It was a sort of "global tax" imposed by the Rockefeller controlled US government and banks.
2. It's debt and fraud and theft all the way down. Our once gold backed currencies are long gone, and I see no going back to real gold backed money. Rather another fiat debt-money system, this one "digitally connected to the Web", will replace the current US Dollar fiat debt-money system.

===

One of the two fundamental things that one has to study in order to understand how a fiat debt-money system are the dynamics of the flow - what creates the currency, what keeps it moving through the economy, and in particular what vacuums it back out of the economy (taxes, stolen oil profits, whatever.)

The other fundamental thing that one has to study is how the various forms of debt attached to that new money are used to enslave humanity, to gain controlling interest over every resource and revenue stream worth the banksters effort.

===

The economy of the coming century will depend on what technology and energy supplies are brought forward into wide spread use.

Unfortunately, it seems to me at present that either:

1. We humans do not replace oil with an even more abundant and energy efficient source of energy, and human civilization collapses back to a previous century (or millenia), or
2. Sufficiently abundant energy and technology are brought into wide spread use to create another economic "miracle", in the decades following the ensuing collapse.

The first alternative, [A], obviously sucks.

However it seems to me that the second alternative, [B], has equally dire challenges. For it seems that with the advent of such technology, the need for common laborers and workers to keep the economy going, will collapse.

We will need a fundamentally new economic system if we are to provide a way to keep our civilization's economy working well, providing for billions of people, if most of those people are "inessential" (aka useless) to the economic order.

I highly doubt that our current institutions of higher learning or leadership have the insight or intent needed to conceive or accomplish this, at least not in any way that serves the rest of us well.

[ThePythonicCow]

So .. the obvious question the above presents to me is: what economic system would provide well for a humanity that was mostly unneeded economically?

Any such proposal must consider that the elite are apparently intent on colonizing and mining the other planets, moons and asteroids in our solar system (if whatever aliens there be here allow such.)

Or perhaps that's misstating it. Perhaps I should state that any such proposal must consider that the aliens controlling us intend to use humanity to mine the other planets, moons and asteroids in our solar system.

[DNA]

I have always had one question when it comes to global debt systems and methods of recording wealth.
What factors would one add to the global fiat money system if one were to acknowledge a secret space program?
When we find one common area where folks of our ilk agree, we usually find that we pretty much all agree that space travel of one kind or another has been accomplished by at least one and probably several competing factions.
If an exotic element is needed for space flight this would probably become the most valuable substance in the world.
If a Rhode Island sized asteroid of pure gold is found and mined for earth use then we can pretty much relegate gold's value to that of iron pyrite.
And that stands for pretty much all of the precious metals like silver, palladium and platinum.
If this is the case what stands as an alternative storage for wealth in the stead of a fiat currency?

[mgray]

The yoke of debt has been the economic model for keeping the masses in line for thousands of years. It has worked to near perfection. No matter what station in life there is always someone above you that you have a debt to.

So taking that as a given, what would it take to change the model?

Could we not consider that electricity was "efficient source of energy" that changed human civilization? It did not have to be delivered through power lines and meters as Tesla showed, but it was to propagate the debt model.

Surely there is an abundance of electricity on this planet, but how to tap it has been stymied by the system, which did not want free energy to remove the debt yoke.

A breakthrough technology spurring economic growth to undo the hundreds of trillions owed by sovereign countries around globe seems to be a hero myth to me.

Paul, I believe you give them -- and the them in this case could be on- or off-planet entities -- more credit of being altruistic and inventive than I.

Ganging up historically huge amounts of debt only becomes a problem when someone calls you on it and attempts to collect. That's not allowed to happen now so they kick the can down the road.

Thanks for an interesting post.

[Bill Ryan]

Posted by Paul (here)
So .. the obvious question the above presents to me is: what economic system would provide well for a humanity that was mostly unneeded economically?

Any such proposal must consider that the elite are apparently intent on colonizing and mining the other planets, moons and asteroids in our solar system (if whatever aliens there be here allow such.)

Or perhaps that's misstating it. Perhaps I should state that any such proposal must consider that the aliens controlling us intend to use humanity to mine the other planets, moons and asteroids in our solar system.

Catherine Austin Fitts has often stated that she's unable to determine whether the planetary financial system is 'open' or 'closed'. Her suspicion, presented pretty well in the 2005 Secret Space Program Conference, is that the 'Breakaway Civilization' is already trading with off-planet cultures.

• The global economics of secret space programs with Catherine Austin Fitts

[ThePythonicCow]

Posted by mgray (here)
Paul, I believe you give them -- and the them in this case could be on- or off-planet entities -- more credit of being altruistic and inventive than I.

I believe that the gentle phrasing of my post gives them more credit for being altrustic and inventive that I myself do, either .

[ThePythonicCow]

Posted by Paul (here)

Posted by mgray (here)
Paul, I believe you give them -- and the them in this case could be on- or off-planet entities -- more credit of being altruistic and inventive than I.

I believe that the gentle phrasing of my post gives them more credit for being altrustic and inventive that I myself do, either .

My best guess is that the bastards in charge of this planet (or the aliens in charge of those bastards, whichever) intend to use human civilization to extensively colonize and mine the solar system, and that this means unveiling "incredible" technologies of energy, transportation, manufacturing, computation, communications, and genetics.

I suspect that Al Gore's tubes, aka the Web, along with several other advances in controlling humanity (their genetics, finances, information, beliefs, ...) are well enough developed now that some of the currently essential legs of control, such as the global "tax" (money sink) on petroleum energy, are no longer essential.

Our enslavement is becoming sufficiently integrated into every fiber of our being and of our interactions with our fellow human that the elite bastards can remove the handcuffs of forced dependency on petroleum energy from us.

Unfortunately, using "human civilization" for this expansion into the solar system presents grave risks for billions of us humans who are without special privilege, because its likely that the grunt work (both physical and routine mental work) will be better done by robots and computers, than by human bodies and brains.

[norman]

The technology they are twitching to not have to work so hard to hide from us has always been something they thought they couldn't reveal before they reached a point where human society was completely under systematic control. The implication, for them and their control, and, us as a complete race, if it were to be distributed before they reached that point, was unthinkable for them.

Have we now reached that point ?

Or, are they having to drastically rearrange their criteria and expected outcomes ?

Or, are they effectively out of time and chancer's luck, and converting their whole program into a defensive 'circling of the wagons' to save their own butts ?

I kind of expect Paul to say they are still in full command of their project ( ) but I wonder what others might be thinking about this.

[ThePythonicCow]

Posted by norman (here)
I kind of expect Paul to say they are still in full command of their project ( ) but I wonder what others might be thinking about this.

Some of the more visible elite bastards, apparently including the Bush-Clinton crime syndicate and various other satanists and pedophiles, have apparently drawn the short straw, and are being sacrificed to feed energy to the multiple storms of conflict, chaos and carnage that go toward confusing and controlling humanity. Those contingents are likely getting quite desperate to save their own butts.

At a deeper level, I suspect that our overlords, whether they be human or alien, are never fully in command.

I expect that this struggle between our inalienable sovereign spirit and these likely inhuman aliens will persist, across the eons.

[Foxie Loxie]

Isn't this why we all "voluteered" to come to this planet?!

[ThePythonicCow]

Posted by Paul (here)
I expect that this struggle between our inalienable sovereign spirit and these likely inhuman aliens will persist, across the eons.

An idea for a bumper sticker:

[Bruno]

Sometimes clicking thanks isn't enough! Paul, thank you for such a thoughtful and mind blowing piece of writing!

[ThePythonicCow]

Bonnie Faulkner of GunsAndButter.com conducted a fine interview of F. William Engdahl last week, that Helvetic just posted on his thread: The Continuing Search For The Truth -- Post #1269.

Here's the Youtube blurb, summarizing the topics covered in this interview:

.
The Gods Of Money: How America Was Hijacked
Guest: F. William Engdahl

Finance analyzed as power; Alexander Hamilton's First Bank of the United States; the War of 1812; central banking backed by the power of the state, but in private hands; a silent coup d'etat since 1945 by the international bankers of Wall Street;

the 1913 creation of the Federal Reserve as a private central bank; the US Constitution gives the monetary power to congress; President Andrew Jackson and the Second Bank of the United States; the assassination of President Abraham Lincoln arranged by London bankers because he issued Greenbacks to finance the Civil War; President John Kennedy assassinated five months after his proclamation to print silver certificates; the CIA's dark agenda;

the Bretton Woods Dollar System; the two pillars of US hegemony: the dollar's reserve status and the world's most powerful military; financial warfare against the Euro; debt slavery; fractional reserve banking; the US empire resembles Rome of the 4th Century.

Bonnie Faulkner has been doing GunsAndButter since late 2001. I listened to her on a local San Francisco AM radio station many times when I lived in the area. She's awesome.

F. William Engdahl, author of the 2010 book Gods of Money: Wall Street and the Death of the American Century, and of many other works, is one of the best researchers and historians of our time.

[ThePythonicCow]

Posted by Paul (here)
Our enslavement is becoming sufficiently integrated into every fiber of our being and of our interactions with our fellow human that the elite bastards can remove the handcuffs of forced dependency on petroleum energy from us.

Unfortunately, using "human civilization" for this expansion into the solar system presents grave risks for billions of us humans who are without special privilege, because its likely that the grunt work (both physical and routine mental work) will be better done by robots and computers, than by human bodies and brains.

Let me restate the first of my two comments above, and expand on both of these comments.

Petroleum is integral to the current monetary system. The petro-dollar is one of the major "sinks" of dollars, that helps create the massive, powerful, and relentless flows of money that our civilization's economy, and our overlords, both depend on and make use of, in their various ways.

Some of the indicators of the decline and collapse of this current monetary system will be declines in the amounts of gas and oil that are traded, the typical prices paid, and the proportion of those sales that are denominated in US dollars. The petro-dollar sink hole is drying up. This leg of the US Reserve Dollar based monetary system is being removed. So are other the other legs that I listed above in this thread's opening post.

By now, sufficient world-wide surveillance and control is in place, or soon will be, that even if a new energy that perhaps could have been in wide spread use on an individual or household basis, each of us generating our own power, with economical units, and no serious way for governments, corporations or other large centrally controlled groups to tax or control our personal choices ... such will not happen.

So my restatement is thus: our overlords are not waiting to introduce new forms of energy until they are sufficiently confident of their control over us. Rather this is a process with many moving parts, and the decline in the importance of petroleum as an energy source and major cog (sink) in the monetary system is part and partial of several other changes, happening in parallel. They'll bring the newer energy technology online over the coming years when "it's time", as part of these other changes.

That is why advanced energy technology has been kept from public view for a century, but likely will not be hidden much longer. Another primary form of energy, namely petro-based gas and oil, was sufficient for civilization's needs for the last century, and well suited for its role (as a dollar sink) in the King Dollar based monetary system of the time.

That time is coming to a close, and new energy sources and technologies will be needed for going to the planets and stars, so such will come more into public view, in the coming few years or decades.

===

Food, air, water, electrical power, transporation, clothing, shelter, security, communication, computation, information, and entertainment will continue to be essential or valued consumables by much of humanity, and these will continue to provide "choke points" to surveil, control, and profit from us.

Even the most empowering technology, the Web, ends up being as much or more a tool for advancing the surveillance and control of humanity than it does a tool for reinvigorating individual sovereign freedom.

I see no particular chance that our overlords will lose their grip on the reins of power, as a result of the coming transition, which transition I expect to see in my lifetime, to dramatically more efficient energy sources.

On the other hand, no new technology or energy source will gain them ultimate victory either. I doubt that the more aware of them would even want such a victory. The struggle will continue, and is itself, at one level of this multi-layered universe, an essential activity.

Amy Webb, Founder of The Future Today Institute and author of "The Signals Are Talking: Why Today’s Fringe Is Tomorrow’s Mainstream", describes to Leo Laporte in his 291st episode of Triangulation Now, the breadth and extent to which technology is sweeping over us will make for continued dramatic changes.

However I found Amy Webb to be, at some level, stupendously naive. She seems not to have even asked the question: Who are really the most powerful beings on this planet?

===

I continue to struggle to even imagine a world economic structure that includes both these coming technologies and energy sources, and healthy opportunities for seven or eight billion free and sovereign human beings.

I simply don't see how that could happen. I wish I could.

[norman]

Posted by Paul (here)

I continue to struggle to even imagine a world economic structure that includes both these coming technologies and energy sources, and healthy opportunities for seven or eight billion free and sovereign human beings.

I simply don't see how that could happen. I wish I could.

No one can, hence the battle of ideas is really a battle of life and death, per individual or group.

Beyond that, The relatively short life span of Earth human is indicative of an ongoing genetic research program by some other intelligence ( Linda Howe gets into this probability a lot these days ).

It seems that brutal competition between us is consistently programed in to every tweak they come up with. Far from life being 'sacred', our quality of life is the least important factor in their ideas about what they are doing with us. The tougher the battle to live is, the better. It provides faster and better results in what they are doing.

Instead of making version updates every million years, they can do one every few thousand years. Neanderthals surely didn't know they were being replaced any more than we do now. Well, some of them might have figured it out, but it wasn't anywhere near enough of them to put up a fight and change anyone's mind about doing it. It's probably not humanly possible to change their minds anyway.

What we see happening to the human race could just be what they are doing to the old model while they introduce the new model. We, as in this model, are quite probably not intended to be part of the new technology future.

That notion could begin to answer where, "I simply don't see how that could happen. I wish I could", leaves off.

edit to add:

Here's a timeline to consider.

Abductions were very common between the 50s and the 80s. Most were reported to involve something related to what we can only assume is a breeding/genetic program.

Then the Chemtrailing got going, and the long list of "end times" scenarios that don't seem to have a sign of hope at the end of them ( for us ).

If the upper levels of the administration and corporate class have some knowledge that a new human is replacing the current model, It would go a long way to explaining why many of them are so wreckless and criminal as if there is no tomorrow.

edit to add more:

The Georgia Guidestones say 500,000,000. What if that doesn't even include any of us at all. Just NEW Humans?

If there's any truth to the rumor that the reptilians are getting their asses kicked out of here, it may only be to clear the planet for the new model humans that are soon to be starting out life here.

I'm sure they won't want anything at all to do with our bad money system. It'll be a whole new setup. with a sharp switch over, unlike what was probably a gradual switch from Neanderthal to the next version.

Brings a new meaning to the term 'race specific bioweapons'.

[Honesty]

..........

[ThePythonicCow]

Posted by iAMWE (here)
I wonder if high profile leadership visiting Antarctica recently is related to Planet X...

The giant impact craters, such as the Chicxulub crater off Mexico's Yucatan peninsula, or other such massive circular craters around the world, are thought by the conventional science of our times to have been formed by the impact of asteroids or debris, perhaps when some planet or small star, in a 26 million year highly eccentric orbit around the sun, came into the inner solar system near earth's orbit. The extinction of the dinosaurs some 60 million years ago is thought to have been caused by the Chicxulub impact.

Perhaps both these explanations are wrong.

I am finding that the ThunderboltsProject better explains the many known impact craters, large and small, on earth and elsewhere on various moons in the solar system, using electro-magnetic phenomenon. See for example their latest Youtube video: Do Impacts Really Cause Mass Extinctions?.

Also the ThunderboltsProject makes an excellent case that there has been a major increase in the force of gravity on the earth's surface since the time of the large dinosaurs in another video of theirs, posted last week: Do Dinosaurs Pose a Gravity Problem?.

I don't know what's really going on at the highest levels, or even what those levels are. But I don't figure that fundamentally gravitational effects from a Planet X or Niburu or related debris caused either the craters or the extinctions.

Rather I figure that we're observing the effects of electro-magnetic activity on a large scale, including the sometimes catastrophic consequences of the "Thunderbolts of the Gods."

I also don't know what caused the force of gravity on the earth's surface to increase several fold since the time of the large dinosaurs. But, whatever caused that, I am sure that (1) it happened - gravity increased (the dinosaurs could not have existed at their size in our present gravity), and that (2) this increase in the strength of gravity would certainly have driven the larger dinosaurs to extinction, or at least to dramatic shrinkage.

I would also guess that if it was common knowledge what really caused the large impact craters and what really caused the large dinosaurs to go extinct, then it would probably be easier to figure out, or make sense of, whatever is going on in Antartica and the underground bases and shelters. The well-developed conspiracy lobe of my brain figures that this is one good reason why we're not told this (not told the real causes) -- so that it will be more difficult for us to figure out what's really going on.

As Norman points out above, correctly I suspect, there likely is no economic system that humanity could adopt that would be self-sustaining and beneficial for most humans. This is because human civilization is not a "closed system", but rather an "open" system subject to the will of the gods, who have had, and apparently continue to have, other designs on us.

So long as these and many other such lies and confusions continue to be successfully imposed on the bulk of humanity, it is very difficult to imagine how we humans can free ourselves from this enslavement. Certainly no economic theory, no matter how brilliant or widely implemented, would be sufficient.

The struggle will continue.

[ThePythonicCow]

Posted by Paul (here)
By now, sufficient world-wide surveillance and control is in place, or soon will be, that ...

This new Zerohedge article mentions some of the surveillance and control technology to which I am referring here: Insider Reveals How DARPA Will Control Our Minds

[norman]

Posted by Paul (here)

Posted by Paul (here)
By now, sufficient world-wide surveillance and control is in place, or soon will be, that ...

This new Zerohedge article mentions some of the surveillance and control technology to which I am referring here: Insider Reveals How DARPA Will Control Our Minds

The thing that grabbed my attention most in that presentation was the fact that the military can create Orbs !..... by using intersecting lasers.

[ThePythonicCow]

Posted by Paul (here)
When a bank lends money, it creates a pair of offsetting book entries, cash now for promised debt repayments (or repossession of the collateral) later.

Charles Hugh Smith has a wonderfully plain spoken explanation of some of this, in his latest article Will the Crazy Global Debt Bubble Ever End?, which begins:

We've been playing two games to mask insolvency: one is to pay the costs of rampant debt today by borrowing even more from future earnings, and the second is to create wealth out of thin air via asset bubbles.

The two games are connected: asset bubbles require leverage and credit. Prices for homes, stocks, bonds, bat guano futures, etc. can only be pushed to the stratosphere if buyers have access to credit and can borrow to buy more of the bubbling assets.

If credit dries up, asset bubbles pop: no expansion of debt, no asset bubble.

The problem with these games is the debt-asset bubbles don't actually expand the collateral (real-world productive value) supporting all the debt. Collateral can be a physical asset like a house, but it can also be the ability to earn money to service debt.

Credit card debt, student loan debt, corporate debt, sovereign debt--all these loans are backed not by physical assets but by the ability to service the debt: earnings or tax revenues.

He concludes his article with:

These games look like a Perpetual Motion Money Machine. There is no cost, it seems, to expanding debt and assets bubbles; if future income doesn't rise enough to service the growing mountain of debt, we either print more money, lower the interest rate or create "wealth" with even grander asset bubbles.

But there is eventually a problem. At some point, even 0.1% interest becomes unaffordable, and adding zeroes to the currency devalues the currency faster than incomes rise. Asset bubbles run out of greater fools to buy at elevated prices.

Borrowers default, asset prices crash and everyone holding the currency is impoverished.

There are multiple sources of friction in the Perpetual Motion Money Machine. State-cartel inflation eats away at stagnating incomes, rising interest payments eat away at stagnant incomes and tax revenues, and printing money eats away at the purchasing power of the currency. Eventually these sources of friction cause the Perpetual Motion Money Machine to grind to a halt and then shatter.

Put another way, the debt-asset bubble supernova consumes all the available fuel and implodes. I've employed the supernova analogy for many years, as it captures the expansion of debt and asset valuations and the resulting collapse once all the fuel in the system (i.e. earnings and real collateral) has been consumed.