For those seeking something to worry about, keep an eye on the financials

[Kulapops]

Hi all,

Those that know me (note to self: does anyone at Avalon know anyone??) know that I don't go a bundle on doom and gloom. Or waiting for surprises.

Ok.. so I can make it from Christmas morning after I've ripped open the stockings (Boy... how that tradition has changed over the years! ;) ) until after Christmas lunch when we do the 'Big' pressies. But even that is hard to wait for...

Life is waaaayyy too short to spend today waiting for tomorrow. I'm surprised some of you intelligencia haven't figured that one out yet.. but I live in hope :)...

However I'm a firm believer in giving people what they want... and in any case I've never said we're not going to have a disaster ever. I just say that we don't know... and we'll never know until it happens.

Of all the categories of yummy troubles we could entertain in the future.. the dire financial situation of the world and in particular the monster known as OTC derivative is the one I find most believable. America has over £3 trillion in debt. Now I don't know about you.. but if I had that on a credit card... I'd just keep spending until someone cuts the card up!

Anyway... Jim Sinclair seems a very well informed gent, financially.

I used to read Icke, Ure and Global Research news pages daily.

these days I just look in on Jim every now and again. Lately, he's getting excited about something.

For those of you who enjoy a good worry, you could do a lot worse than follow him.

Here's a link....

http://jsmineset.com/

and a quote from today....

Jim Sinclair’s Commentary

It is worse than even this article suggests. It ends saying anyone who thinks this can be cleaned up promptly by the banks is delusional.

Foreclosure Fraud: It’s Worse Than You Think
Published: Tuesday, 12 Oct 2010 | 1:14 PM ET
By: Diana Olick



Still, I'm also a believer

¤=[Post Update]=¤

edit function doesn't work... igore.. "still I'm also a believer... "

think that was Davey Jones of Monkees fame...

[Eric J (Viking)]

Hi Kula

I think you will find US debt is closer to 14 TRILLION...and rumour has it its much more than that!!

http://www.brillig.com/debt_clock/

It is mathematically impossible to pay of this debt. So it really is a question of time before we all witness the total collapse of the US, and followed by other countries as well.

To be honest with you I look forward to this one way or another. This will be a time when we need to re-apraise how we run our Planet financially. It will also bring about the realisation that capitalsim does not work. Period. And that this will pave way for a new way.

Great and Wonderous times ahead.

But, I'm afraid we have to wade through the crap before we get to the cleaner waters.

ps... A freind posted this to me today!! ;)

http://www.thetruthseeker.co.uk/print.asp?ID=13573

viking

[Kulapops]

Thanks for that Viking ... interesting.

Yes.. as the chinese say.. 'may you live in interesting times!'

...and we are...

K

[conk]

Ben Franklin said capitalism can work...........but only if conscience plays a role. Something sorely lacking on Wall Street or in the bowels of London.

The central banks surely plan on massive inflation in order to have some semblance of debt reduction. So, do what they do. Use inflation to your advantage. Buy gold and silver. Sell off near the top (don't take too much risk and get too greedy). Use those inflated dollars, plus the increased value of the metals to pay off mortgages and other debts.

That was my plan, but I lost all my gold in a, er, ah, boating accident. Yeah, someone stole it, I mean a boating accident, yeah.

[Fredkc]

Um.... guys?

The US current debt, including all obligations now hovers between $40 and $50 trillion.

The banks that make up the Federal Reserve are probably sitting on several hundred trillion in derivatives. (J P Morgan alone is holding nearly $100 Trillion)

The system is so completely bankrupt that is no hope of all this being made right.
1. No one will admit to it.
2. They all think that if they ignore it, it will go away.
3. The tax base no longer exists to generate the money to pay this off.

There exists two solutions:
1. National slavery.
2. A do-over. Declare these institutions bankrupt, close them, reinstate a non-fiat money system.



Don't worry! Be happy!
http://fredsitelive.com/images/kittys/t_th_kapook-17342-8336.gif http://fredsitelive.com/images/kittys/t_th_kapook-17342-8336.gif http://fredsitelive.com/images/kittys/t_th_kapook-17342-8336.gif http://fredsitelive.com/images/kittys/t_th_kapook-17342-8336.gif http://fredsitelive.com/images/kittys/t_th_kapook-17342-8336.gif

Fred

[Kulapops]

$3 trillion ? $100 trillion ? What's the difference... it's only a paper moon....

[Fredkc]

Kula;
Got change for a $3 bill? I need about $100 worth of groceries. ;)

...and yeah, I got yer "moon" right here:

http://fredsitelive.com/images/Avatars2/36_11_2.gif

peace,
Fred

[conk]

Stock your pantry with dehydrated/freeze dried foods. Seal in oxygen depleted containers chia seeds and quiona seeds, and wheat if you eat it. Chia and quiona are excellent sources of fatty acids, which are essential for good health. Fats are really hard to store, so these little seeds are great. Buy lots of toothbrushes, soap, etc. Anything that will be hard to find in emergency. Great bartering items. Food will be the new gold for a period of time.

[norman]

$3 trillion ? $100 trillion ? What's the difference... it's only a paper moon....

Robert Chapman ( of the International Forcaster ) has the figure at about 1.5 Quadrillion!

[morguana]

hay kula funny you should have posted this.....a friend and i have been chatting and today he sent me these.......(thank you :hug: )


http://www.youtube.com/watch?v=A4ZZ369KoHA&feature=player_embedded
http://www.youtube.com/watch?v=A4ZZ369KoHA&feature=player_embedded


http://www.youtube.com/watch?v=sNTmce7x7Jc&feature=player_embedded
http://www.youtube.com/watch?v=sNTmce7x7Jc&feature=player_embedded


http://www.youtube.com/watch?v=KpTkc7h1zcw&annotation_id=annotation_858223&feature=iv
http://www.youtube.com/watch?v=KpTkc7h1zcw&annotation_id=annotation_858223&feature=iv

now if anyone has any solid sorces regarding this topic that would be very interesting, i am not at all aufait with economics and would appreciate any more info about these things

good read eh viking?
the helterskelter gets more slippery as it goes down
m

oh and kula, edit is working via advanced post whatsity thing
x

[Kulapops]

@ Morguana... read Jim Sinclair... he's all you need...

@ Fred... you got 5 stars, count 'em... that's all the maths YOU need.

[tone3jaguar]

"For those of you seeking something to worry about"

WTF?

[lightblue]

.


i find this thread title condescending, snobbish... lucky you kulapops if you are in a positon to pick and choose what to worry about, i am happy for you - you surpassed things other people (myself included) may still bang their heads over.. ..i only do not like your patronising tone in all this...i do not seek to worry, yet i do - i worry about many things i don't get time to attend to...isn't that why we are here? isn't that why you are here? best wishes :wink: l


.

[Fredkc]

Hi Morgs! :)
Authoritative sources are available daily at http://lewrockwell.com/ too.


Kula doesn't need edits though. He needs a ghost writer. ;)

Never head of Jim Sinclair, though. Any relation to Dick?
I have heard of "Dick Sinclair's Polka Party!"

Fred


28 Miners up, and counting!!!!

[Fredkc]

Came back to add this bit.

These jaspers are not deluded, by the by. They know exactly where they stand.
They simply spend their time trying to keep people from knowing it.

Consider these two items:
1. The largest member bank of the US Federal reserve is the New York branch. As they stand, today, the bank's books are upside down by a ratio of 73:1 !

In perspective; Imagine that if you added up every single thing you owned, eve a part of; house, car, jewelry, fillings in your teeth, and compared it to outstanding debt. If you were this bank, for every $100 you had, you would owe $7,300.

2. J P Morgan, which is a 40% stakeholder in the Fed. Reserve, looks even sadder. As of roughly 2004, including their derivative holdings, the bank was upside down 780:1 ! (No, that isn't a typo. Seven Hundred and Eighty to one).

That would be like having $780,000 in debt for every $100 in your pocket. Now you might ask, "Why aren't their stockholders getting worried?"

Good question!
I can tell you why, too. Because they don't care, and don't have to!
You see, they are covered by a different myth perpetrated upon the American people. It's called FDIC. Because people are told the FDIC protects their deposits, they think this agency is all about them. That is only half the tale, and an indirect truth at best.

What FDIC does is "guarantee deposits with the full faith and trust of the US government". But when it comes to money, that means "The People". What it does for the bank is, should they go bankrupt, all they have to do is dump the entire mess in the government's lap and walk away. If J P Morgan should close its door, it's the people who would wake up the next morning saddled with over $1 trillion in new debt.

It gets better!
How much money do the stockholders have invested in the bank? $49 Billion. Yup! And for their $49B. they get any and all earnings generated with the bank's "assets".

Here is another reason the investors aren't worried. It turns out that the bank, holds what they call "a small position in gold". They downplay this, as gold really isn't a "polite thing" for banks to dabble in, but... They do have it. You'll never guess how much! Go'on I dare ya.

$49 Billion!

Yup, the stockholders, clean out the basement, so they don't lose a dime, and all that speculative garbage they've played with for decades, now worthless? Dumped right in the taxpayer's lap!


29 Miners up, and counting!!!!

Fred

[Kulapops]

Choose what to worry about.. exactly, Lightblue...

@ Fred... Ghost writers in the Sky ? I love that song....

Condescending tone? None given , none taken... or is that the other way around.

Honestly... I wish everyone could fill their days not worrying about stuff. Is that condescending?

Or maybe it's just my use of italics. I like that. I PREFER THEM TO CAPITALS FOR EMPHASIS.

Because, once you go CAPITAL, where can YOU GO FROM THERE ?

There remains only the exclamation !!!!!!!!

Oh.. and the overlong post.... we should have a name for that too... I vote for 'Scrognag' ... a post that... by the fourth line, you realise it's going on for about forty to sixty lines.. and, at that point, you give up hope....

[norman]

Yup, the stockholders, clean out the basement, so they don't lose a dime, and all that speculative garbage they've played with for decades, now worthless? Dumped right in the taxpayer's lap!



Yup, they say if alcohol was invented today it would be banned. If BANKING was invented today it would be banned.

I think Islam DOES ban it....... sort of.......

wonder if that's got anything to do with things?

[lightblue]

kulapops:

Condescending tone? None given , none taken... or is that the other way around.

Honestly... I wish everyone could fill their days not worrying about stuff. Is that condescending?

yes, i think it's condenscending because you are assuming that people worry because they are choosing to do so - which is strongly implied by your chosen thread title...i find the assumption most presumptious...

no, your wishinig people "people filled their days not worrying about stuff" is not condenscending and i never commented on what your wishes may be...


anyway, i said enough and i will not be coming back here...too snobbish to my liking... l



.

[Snowbird]

$3 trillion ? $100 trillion ? What's the difference... it's only a paper moon....

On August 15, 1971 President Nixon removed the last link between the dollar and its gold backing, creating fiat currency. This means that on August 16, 1971, the U.S. dollar had absolutely no value...as in zero. Fiat money is what we have been living and dying for all this time. Fiat currency has only the value of confidence. That's it. The U.S. dollar is worth confidence. Nothing more and nothing less. So, essentially speaking, the dollar tanked on August 15, 1971. We have been living and dying for....nothing. It makes no difference if the stock markets collapse or not, because they are trading for something that has no value.

BTW Kula, when you Edit, make your change and then press the Go Advanced button and Save from Go Advanced. :yo:

[Zook]

http://www.usdebtclock.org/

The unofficial debt is approx. 41 terabucks.

You get that by subtracting [US unfunded liabilities] from [total national assets].

Ergo, we have [total national assets] - [US unfunded liabilities]
~ [70 trills] - [111 trills]
= 41 terabucks

Now, you add in the derivatives fraud, and you're well over 1.5 quadrillion dollars or one and a half petabucks! There is only one solution now ... bring in the zeroing function.

Borrowing from the genius of Walt Kelly (Pogo):
I have seen the enormity and it must be bust!

[morguana]

Cheers kula will look up sinclare and much appresiated fred re link, people can be so helpfull and it warms my heart :hug:

lightblue I can't believe your upset over the title! It's better than the shock horror sky is falling ones that get posted on here. I didn't read it as snobbish or condencending, i felt it was done with tongue in cheek and ment as a joke (worth reading freud's book on jokes and the unconcious (http://www.amazon.com/Jokes-Their-Relation-Unconscious-Sigmund/dp/0393001458) ).

Anyway I kinda feel that lightening up a bit is in order here and not jumping to conclusions, it can be hard sometimes to read things as they are ment by the person whom has typed. Also I feel a simple pm to the op would have been a more respectfull means of communicating your displeasure. Surely we are all adults here?
Blessings
m

[morguana]

Also snowbird and conk your spot on with your posts :)
m

[Eric J (Viking)]

There is only one solution now ... bring in the zeroing function.


I can't see any other way ... Why the delay?

Ermmm let me think...."lets sqeeze a bit more out of the system" !

viking

[Ross]

http://www.usdebtclock.org/

The unofficial debt is approx. 41 terabucks.

You get that by subtracting [US unfunded liabilities] from [total national assets].

Ergo, we have [total national assets] - [US unfunded liabilities]
~ [70 trills] - [111 trills]
= 41 terabucks

Now, you add in the derivatives fraud, and you're well over 1.5 quadrillion dollars or one and a half petabucks! There is only one solution now ... bring in the zeroing function.

Borrowing from the genius of Walt Kelly (Pogo):
I have seen the enormity and it must be bust!

I heard somewhere it was several Gazzilion dollars...ooh... Im worried now...:p

[morguana]

awwwww :hug: dont worry ross

Darth Vader - Don't Worry Be Happy

http://www.youtube.com/watch?v=DGPYSE4nXUM&feature=related
http://www.youtube.com/watch?v=DGPYSE4nXUM&feature=related

hehehehe

as long as we look after each other within our communities, pull together and use our heads and hearts we will be ok, what upsets me is those billions
(most of the population of this planet) that have jack **** right now they will be the worst effected, they dont stand a chance we are lucky compaired to them.
when debt gets to stupid amounts like gazzilions (wow never thought it was a real number! learn something new every day) we may as well just kick back and enjoy what we do have
(in a economically and environmentally concious manner of course) because numbers such a that are just daft and incomprehencable.
m

[Ross]

The only thing worth worring about is your own 'head space' keeping that balanced...at all costs, vital.

Everything else that happens around you... you need to flow like water, 'duck n weave' when needed. :boxing: if that fails then :bolt:

Regards

Ross

[morguana]

The only thing worth worring about is your own 'head space' keeping that balanced...at all costs, vital.

Everything else that happens around you... you need to flow like water, 'duck n weave' when needed. :boxing: if that fails then :bolt:

Regards

Ross

you got it hun ;)
ok im not going to keep this thread off topic any longer.....:focus:
and will say toodle pip for now, sun is shinning, sky is blue, lifes for living, lots to do........
:wub:
m

[Luke]

We have virtual casino that dwarfs what real folks produce. At least in theory.
Problem is, we use casino chips to buy and sell real things.
Stop doing that, and you'll see who is worthy of your time and skill.

But that is of course tip of the iceberg, as many real industries are tied to "casino economy", and need to reorganize or fail, to clear place for real folks.
"Law", bought and paid for with casino chips, need to be scrapped. Same to other "civilized institutions, created to serve casino.

Folks need to readjust, and casino owners will do anything to keep addicted.

In short: we need to re-invent our civilization. And build it anew, from scratch.

Knowing what destroyed current one. Knowing forces that profited from current scheme of things will fight back.

[Ross]

In short: we need to re-invent our civilization. And build it anew, from scratch.

Knowing what destroyed current one. Knowing forces that profited from current scheme of things will fight back.

A most logical solution!

[Kulapops]

kulapops:

yes, i think it's condenscending because you are assuming that people worry because they are choosing to do so - which is strongly implied by your chosen thread title...i find the assumption most presumptious...

no, your wishinig people "people filled their days not worrying about stuff" is not condenscending and i never commented on what your wishes may be...


anyway, i said enough and i will not be coming back here...too snobbish to my liking... l



.

Well, sorry if you're offended Blue... not that you're coming back here though... I envy your resolve. I wish I wasn't coming back here either.. but somehow I do :)

I find it really interesting (I find people extremely interesting.. so don't take that as patronising either.. but we are... a very interesting race). I guess it's a wild hope that if we understood better how we tick as a race, then our future could be a little rosier.

It really is a choice though, in my opinion, how much interest you take in world affairs and also to what level. And I'm pretty sure that, the more you know, the more you are going to worry. Because there is lots to worry about.

The information age is bringing a whole lot of worry to our door. I don't particularly see the starving billion Morguana is referring to being too concerned about the 33 chilean miners. In all probability they know nothing about them. Is that bad ?

I am glad that I know less than a tenth of what some people know on here...I'm starting to get to sleep at nights again. (yeah!.. "go back to sleep " someone cried). But for those that really want to know about something pretty real to worry about - here is this thread.

It's the only thing real that smacks of real disaster in the world just now, with consequences for all.

But I have faith in a quantum universe... my own expression is 'the universe can spin on a dime'. So we could wake up tomorrow and find a completely changed situation (just like the swine flu...it suddenly melted away)... or aliens could arrive - if you prefer.

I'm not out to cause upset, so it's really interesting that someone can take such offense at what is actually a factual thread and not a rant (for a change :) ) . But that's your right Lightblue....

My point of view, if you have your health, your family, some money to eat and pay the bills, then you're doing pretty well. We can then ask ourselves, 'what am I going to do with this great life of mine?'

Jesus said , 'Which of you by anxious thought can add a foot to your height?'

And he was right... worry is not going to change anything.... but if you want to know about something worrying ... here it is.

I'm not worrying about Kermit and the rest of the lizard muppets. Or disclosure, or false flag (how would you ever know anyway ? No one's proved 9/11 yet.. or 7/7... yeah.. I agree the information's all there.. but who is accepting that as the official truth ???)

Don't worry, be happy.. don't go back to sleep... we just need to change our point of focus.

Staring hard at a wall is not going to change it into a blancmange.

Peace

K

[Ross]

My point of view, if you have your health, your family, some money to eat and pay the bills, then you're doing pretty well. We can then ask ourselves, 'what am I going to do with this great life of mine?'


We who live as such are a minority, be grateful.


Don't worry, be happy.. don't go back to sleep... we just need to change our point of focus.



As Harry Enfield said on many occasions..."ooh yea like it"

Good post.

Regards

Ross

[Kulapops]

Thanks Ross... and all for your contributions. I know I've posted this here before at Avalon.. but it's a real hoot and worth watching if you haven't seen it. I love the idea that a bank 'creates' the money for your mortgatge, the moment you ask for it !


http://www.youtube.com/watch?v=vVkFb26u9g8

P.S. Regarding over the counter derivatives... as I understand it.. it's like a famer and a miller having an agreement.. one to sell corn and one to buy it. Traditionally, this agreement would be covered by a handshake. However, over the course of time, some bright spark saw that perhaps there was a value to this agreement. After all, the miller can't make bread without a supply of cord, and the farmer is equally stuffed if he has no buyers for his produce.

So... banks (investment banks particularly) came up with the idea of giving this agreement a value. Let's say £1000 in our example. Course, as soon as something has a paper value (the contract to buy and sell something in this case, but there are dozens of others where OTC derivatives are concerned... everything from insurance agreements, credit swaps and blue-bottles racing down a window pane to.. well.. we'd better get on with the story...) it can be bought and sold at profit itself.

So there is a market for these contracts (for that read worthless pieces of paper) just like the stock market, and these values can go up and down. Ludicrously so, that our £1000 farmers agreement can wind up being passed on from say Bear Stearns to Goldman Sachs down the chain for, ooh, say £500 million.

Course in the meantime, everyone has forgotten what the piece of paper initially represented physically. And.. that for £500 million, you could buy the farm, the mill, a large chunk of the countyside and even the farmer's wife for that much...

Now comes the good part... the pieces of paper can be insured.. just like everything else (they have a 'value', see?) and if a troubled bank looks like it's going under.. it can collect on the insurances. Nobody ever did, and consequently, investment bankers got rich on the insurance premiums.

But the reality is that the asset this £500 million represents, is literally worthless (just a handshake, remember?) but if a bank fails ( a bit like crashing your car) they want to collect the insurance... and this causes the insuring bank to fail.. so creating a domino effect.

That's why the banks can't be 'allowed to fail' (they'd all fall down ) and that's why they need so much bail out dough. This is not money to fix real problems, but to underwrite these worthless pieces of paper.

What should really happen is everyone acknowledge that this paper is worhtless and write the debt off as '0'... the value of a handshake... but no.. they are valuing these pieces of paper as real and paying up the insurance for every penny. No wonder the bonuses are looking good, while tax payer and state money is paying these insurance 'claims' or rather OTC obligations....

Of course, the whole house of cards will fall at some point. Look at pension funds for example... if a pension fund has , say $1 billion in total value.. you have to ask what portion of that is made up of OTCs... if it's a high proportion then that pension has no real value, other than what the OTC is valued at...

[Luke]

WARNING! "Money as a debt" seriously slants reality of monetary system and what's worse provide completely ridiculous solution!!
Before age of paper currency there was no banks per se, there were "investment agencies" that linked people with surplus of funds with those having investments proposals. It more or less worked like Islamic Hawala (http://en.wikipedia.org/wiki/Hawala) system, on which pre-modern european money system was based. These agencies have not stored money- limited amounts were secured by goldsmiths, but major storage facilities were provided by the state - in most famous case, England - in the Tower.
This led to obvious problem - The crowns often borrowed money it was providing security for and was unable to pay back. Most famous case was defaulting made by King Charles I, that led to revolution and, ultimately to establishing Bank of England . I urge all diligent persons to read Murray N. Rothbard essay on "Mercantilism and Inflation" available here (http://www.lewrockwell.com/rothbard/rothbard227.html)

The Restoration government soon needed to raise a great deal of money for wars with the Dutch. Taxes were greatly increased, and the Crown borrowed extensively from the goldsmiths. In late 1671, King Charles II asked the bankers for further large loans to finance a new fleet. Upon the goldsmiths' refusal, the king proclaimed, on 5 January 1672, a "stop of the Exchequer," that is, a willful refusal to pay any interest or principal on much of the outstanding public debt. Some of the "stopped" debt was owed by the government to suppliers and pensioners, but the vast bulk was held by the victimized goldsmiths. Indeed, of the total stopped debt of 1.21 million pounds, 1.17 million was owned by the goldsmiths.

Salvation came in the form of a group of promoters, headed by the Scot William Paterson. Paterson approached a special committee of the House of Commons formed in early 1693 to study the problem of raising funds, and proposed a remarkable new scheme. In return for a set of important special privileges from the state, Paterson and his group would form the Bank of England, which would issue new notes, most of which would be used to finance the government's deficit. In short, since there were not enough private savers willing to finance the deficit, Paterson and company were graciously willing to buy interest-bearing government bonds, to be paid for by newly created bank notes, carrying a raft of special privileges with them. As soon as Parliament duly chartered the Bank of England in 1694, King William himself and various MPs rushed to become shareholders of this new money-creating bonanza.

William Paterson urged the English government to grant Bank of England notes legal-tender power, but this was going too far, even for the British Crown. But Parliament did give the bank the advantage of holding deposits of all government funds.

The new institution of government-privileged central banking soon demonstrated its inflationary power. The Bank of England quickly issued the enormous sum of 760,000 pounds, most of which were used to buy government debt. This issue had an immediate and substantial inflationary impact, and in two short years, the Bank of England was insolvent after a bank run, an insolvency gleefully abetted by its competitors, the private goldsmiths, who were happy to return to it the swollen Bank of England notes for redemption of specie.
As you see "Money as a debt" seriously understate bank-government connection that existed from day one. Goldshmits were those who screwed. Fiat money system existed from day one to supply government debt. Only after that banksters were allowed to fleece private debtors with fractional reserve system.
And final straw- the so called solution- government issued non-interest paper: it means that government issues Debt with no interest attached- which means you do not earn interest on money you borrowed, instead you are secretly taxed via inflation. Who will fall for such obvious scam? History , via means of Lincoln's greenback scheme answer us: public employees and contractors, that are first to be paid in IOU's. Greenbacks were specially issued to pay soldiers during "Civil Wars". And then government forces all other market participants to use these unbacked IOU's on same terms as real money. Mind that when you next hold dollar: that is dollar you just lent to the the government via FED. Congress issued money means there is no ceiling for government debt - and no guuarantee it will be repaid. You will be foreclosed, government can't be.
As fraudulent as private-government cooperation is, it still has some legal appearence - that is because bankster thieves have longer predatory horizon than your usually elected psycho.
Historically, no government issued money has such claims- see Weimar Hyperinfletion story- you can read about that here (http://www.zerohedge.com/article/art-cashin-coming-hyperinflation)

Looking at history again: only periods of privately-funded enterprises backed with hard (gold based) currency led to prosperity. Periods of government-issued money inevitably lend to wars and growth of military industrial complex. Periods of bankster-issued money led to predatory economics followed by deep crisis.
Logically, what should wise man choose?

read here for origins of Central Banking in United States (http://mises.org/daily/3167)

[Fredkc]

Gm Kula...
Fred

[Kulapops]

Gm ?

good man ? General Motors ? Good Move ? Good moan ? Get Moving ? Go Mufty ?

Get Me ? Go Madly... Great Message... Good Money... Great Marsupial

Green Man... erm ?

No.. it's not coming yet... what are you saying Freddy, me ole star ? :)

[Fredkc]

Daylight had just washed up upon the western shores of my little hamlet, Kula.
Since I own no General Motors cars, it was probably a
Good Morning.

[morguana]

Thank you kula for popping clip on thread and for typing in simple language for economic illiterates such as myself.
Gm fred ;) roflmao iykwim ;)
m x

[Fredkc]

AND.... in case no one noticed...

http://fredsitelive.com/images/post/post3/zfixed.jpg

Things is right with the world, once again.
Bless ya, hon
Fred

[Luke]

Less agendish than Money as debt .. Daily Reckoning (http://dailyreckoning.com/) presents: IOUsa (2008)

http://www.youtube.com/watch?v=O_TjBNjc9Bo
And congatulations Morguana!

[Kulapops]

AND.... in case no one noticed...

http://fredsitelive.com/images/post/post3/zfixed.jpg

Things is right with the world, once again.
Bless ya, hon
Fred

:ph34r:

... no surprises there then :)

And now we have junior member, senior member, junior moderator, moderator, senior moderator...

Wow.. this place has more stars and stripes than the Good Ol' Red white and Blue...

Has no one considered that Senior Moderator should be at least four and a half stars

GM Fred...

(genetically modified Fred ? :rolleyes:)

[Kulapops]

Here's an interesting article on finance and history....

http://www.globalresearch.ca/index.php?context=va&aid=21504

[Kulapops]

Yet more banking fun....

gold toilets indeed ! Love the animated gif at the start of this piece on the 'Great Bank Robbery'....

http://www.globalresearch.ca/index.php?context=va&aid=21882

K

[Kulapops]

Another expalanation of what's going on. All you need to know about Quantitative Easing. Might need watching twice to fully get it... but it's beautifully dry...

and you might learn something... like... 20% of Americans can't find America on a map ?! C'mon guys ! ;0) lol


http://www.youtube.com/watch?v=wpmlHTeVG9A&feature=player_embedded#!

[Kulapops]

Interesting to note that inflation is now at 3.2% , whereas interest rates are at 0.5% (much less if you have a business account).

Hmm.. this is not a couple of percentage points. This means that any savings you own are being eroded by the cost of living being six times what you are earning on savings.

Hmm.. so you get £5 back on your £1000 savings... and meanwhile £1000 groceries now costs you £1032. Take off the £5 and this means for the following year, your £1000 is now worth £1000- £27 = £973

So this is what inflation means... it's not that the prices of things go up, but that the money you own is worth less

Worthless, geddit ?

:0)

In some ways, this should encourage you to spend on non perishable goods, because anything you buy today will be cheaper than it will be next year, whereas money in your bank account will have less value than it does today.

No need to thank me, Kulapops financial advice is free and risky :)

http://www.bbc.co.uk/news/business-11764588

[Celine]

Another expalanation of what's going on.

THANK YOU SOOOOO MUCH.

now that was clear!

i loved the dryness of it too lol

[Rocky_Shorz]

don't you love when a President's senior adviser says...


However, these days the Fed is often the only part of the government that works effectively -- which is like flying a plane on one remaining engine: You do not want to shut it down.

Tea Party vs Fed (http://www.cnn.com/2010/OPINION/11/16/etzioni.fed.teaparty/index.html?hpt=T2)

[Luke]

don't you love when a President's senior adviser says...

One should ask why they got on that plane in the first place, knowing that it was designed by clueless git to be used in Venusian atmosphere, and run on High Hopes That It will Not Hit The Fan On My Watch...

Never trust a designer, who's motto was "On the long run we are all dead" (http://en.wikipedia.org/wiki/John_Maynard_Keynes)

http://www.youtube.com/watch?v=d0nERTFo-Sk

[angel in disguise]

So great to be posting again... Found an interesting news piece on New World Currency, thought i'd share ;)


http://money.ca.msn.com/video/?cp-documentid=b25829b6-34f4-4b75-bd24-0c427195b112

[Connecting with Sauce]

I love the idea that a bank 'creates' the money for your mortgatge, the moment you ask for it !


http://www.youtube.com/watch?v=vVkFb26u9g8

At the same point there is a quote about colateral... and it includes a baby... A little worrying, but true I suppose with "Berth certificate" enslaving the future person.