You have not answered my gold standard question. You’ve just spouted on about yourself and oil.

the best understanding comes from max and stacy’s programs.

My conclusion is it doesn’t make any. It is a distillation of craft and illusion, like magic, an ancient artform.
We who remember a time when things were more clear, you work, you get some pay. Production of goods and services was all the rage. Butcher, baker, candlestick maker… lived side by side, it was idillic.
Tricksters were a thing that came through town and left in a hurry, like.
So, fast forward: it is now: upside downs ville. The tricksters sheisters and scallywags, (not to leave anybody out,) run things and everybody else is on the run.
Finance is the lions share of the economy, right down to my neighbors, and their 3 car garage, that I couldn’t ever afford. All I saw when I was commuting to work was all these brand new expensive cars. I worked 60 hrs, a wk. so how the heck, is it that. “Finance, Charlie. “You gotta make yo money work for ya… everybody’s doing it. ” I know a banker here’s his card. tell him Ed sent ya.”
They lived it up and you know the story. Of the little guys.
Corporations are all leveraged out into bonds and stuff, they’re hollowed out and are part of it. Cities, counties, and states too. The government too. everything.
Now they’re sort of just fighting over paper, or even just electrons at this point. I looks that chaos is around here somewhere, when all this make believe value unravels.

I agree with your point and with the point fsnoot was making in the other thread about IMF.

Easy answer:
I can boil down my observation to this string of facts:
The US government gives the banks the opportunity to charge interest. Some people on Earth are charging interest for these “investment” grade papers (bonds, securities, etc).

These paper contracts are really not stable in value because (1) the currency valuation is fluctuating minute to minute and (2) the collateral may not exist.

Why are we citizens in the United States permitting the wholesale destruction of our freedom and liberty by these thieves?

Complex answer:
Most Americans who are said to be in “financial” trouble are in that situation because they did not understand that the mortgage debt obligation was transferrable to a party who could literally undermine the owner.

In the case of residential or commercial mortgage backed securities, Goldman Sachs and their counter-parties had an interest in killing the value of the notes because AIG was going to become subordinate to Goldman et al on the basis of the default obligation.

How’s that square with the US Constitution? I don’t remember voting for any o dat stuff. And like I say if it’s too complicated to say in a few words, ” sompin’ aint right. ”
All the self righteous posing as the worlds premiere self governing democracy and all it does, is get more and more incomprehensible and unfathomable for… mortal man… (the populace, voters.)
Things that help demystify are much appreciated, especially less style and more exposition. Can’t be pattented you say?
Thanks

The use of fiat paper currency correlates to the peak of per capita crude oil production.

Check a graph of crude oil production. Divide annual crude oil production by estimated world population. You find that the crude oil production in the USA peaked in the early 1970′s. Since that time, the US has been importing more and more oil.

I am an amateur economist, but have first-hand micro-economic experience in this community. I have compared the BLS.GOV inflation datatables and noticed an increase in slope of the curve in around 1972.

There is a correlation between the crude oil production and cost of energy. Therefore, the United States economy began falling in productivity by the late 1970′s. Unless the US economy can begin generating more domestic energy, the US economy can not sustainably grow without a huge influx of people.

However, the domestic economy of the USA is impaired because small and medium sized businesses have been targetted by socialist politicians and their ilk, by foreign interests who want the US to import their goods and services, and by government who want to tax and steal money.

So, the end result is that the US domestic productivity is falling badly due to the confluence of factors.

I raise the crude oil and population size as factors in our domestic economy because it is entirely possible that the nation could have been much stronger in the past ten years had we factored gold and oil as a backing for the finances of the federal and state government.

Instead, our very system of government, which is supposed to be protector of our freedom, is held ransom by bankers in the Federal Reserve.

They are chosen to be “communicators”. Good communicators become good actors in front of the cameras. They need to think quickly, select phraseology quickly, and then deliver the words in correct tempo, speed, timbre, and pitch. If done correctly, they can be like Alan Greenspan… move lips and sink no ships.

But, putting on my physician’s coat, they may also be narcissistic, and therefore so focused on their own needs that the lies are justifiable in their own minds. If they are sufficiently brainwashed, then the lies can be told with total belief and not one hint of remorse.

It’s called pathological.

… then how can our leaders not show traces of this knowlegde in thier demeanour?

If you do not understand the logic in the report, then probably the report is NOT logical.

Right?

You’re not dumb. The MSM is trying to pull a Bernanke-surprise over you and it doesn’t make sense logically.

The causes of the Great Depression are complex, but that is the reason I posted the link to Martin Armstrong’s essay on the debasement of the Roman Currency and the fall of the Roman Empire.

You do not need someone else to tell you what to do and what to think.

You have already answered your own question by asking for another person to explain the BBC’s report to you.

The gold standard could NOT have caused the Great Depression because economic cycles are subject of so many variables that you can not pin the cycle’s existance on any one item.

Martin Armstrong’s work on this was superb reading because he compared the cycles in the Roman Empire to various timings.

Others have attempted similar cyclical analysis (Kondratiev).

She goes on to say:
“It was the gold standard – in effect, a fixed exchange rate system anchored by the price of gold – that led the world’s leading economies into a deflationary spiral. That was because the only way for deficit countries to stem the resulting flow of gold – money – out of the country was by shrinking domestic demand, which led to a further downward spiral in prices and incomes.”

I don’t understand this. I need some expertise here.

When even the low paying shittie jobs are going down the drain in a country, you know it’s not a recession but a depression. But don’t worry. The real big prostitutes from the media will keep on taking how things are looking up, and the “recession” is finished. “Prosperity is just around the corner.” says God’s envoy Lloyd Blankfien. Smile and have a nice acid bad trip.

http://www.freep.com/article/20100124/BUSINESS07/100124011/1001/news/Wal-Mart-cuts-10000-Sams-Club-staffers

Even Wal Mart’s shittie low paying jobs are going down the drain in paradise USA . It’s the most bearish news of the year.