Stacy Summary: Please note that the ‘euro will be dead’ prediction comes from ‘leading economists’ and we all know how well their predictions on the forever bubble went; regardless, the second NYTimes article goes a bit further in explaining what is happening with our financial systems. There is too much debt. It is mathematically impossible to pay these debts and, so, like all Minsky moments, nobody wants to be left holding the bad debt parcel. The liquidity crisis is caused by the solvency crisis.
**UPDATE**:
- Senate Dems pass bill allowing government, in name of consumer protection, to collect personal data on every single financial transaction made by anyone (h/t @Marc Authier)
- Sarkozy welcomes weaker euro, arguing that it has been overvalued for too long, hurting European exports
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“Why can’t you recognise the US role in international bodies, and prefer to invert the roles, is it just so the US can be portrayed as a victim of international agencies?”
I haven’t once portrayed the US as a victim: I have indicated that the threat is not from US hegemony/aggression at this point, but from a multilateral global goverance operating through liquidity controls by a select group of elite individuals with access to the sdr index.
“That’s a valiant effort to deny the reality that the USA is represented at “the G20, it even dominates the international agency you put in its place.”
“What would you call analysis that’s willfully opposed to verifiable reality?”
http://www.economist.com/blogs/charlemagne/2010/03/too_many_europeans_g20
@ frances,
That’s a valiant effort to deny the reality that the USA is represented at the G20, it even dominates the international agency you put in its place.
Why can’t you recognise the US role in international bodies, and prefer to invert the roles, is it just so the US can be portrayed as a victim of international agencies?
If the US government has been co-opted by anyone it’s been the military-industrial complex, Wall Street and AIPAC, the Israeli lobby.
—————–
You know Max that in Canada we a lot of Canadians that are more American that Americans themselves ! Some still think paraside is just south of the border.
—————–
Canada, to anyone that knows the nation — has had a brain drain problem to the US since the 1860s. The nation has always had the problem of depressed wages vs the US — regardless of the Gold Standard being present or not.
NZ is in the same boat.
There is nothing more horrible than a Canadian that is pro-American Imperialist. Sadly, there are Kiwis that even more treasonous.
Canada has managed to — like India — to simi-compensate for its post-1950 brain drain. However, the educational system can only go so far. Importing skilled migrants like Australia and NZ has its problems too. When it comes to not recognizing the skills of these migrants — Canada is a terrible nation.
Will this finance crisis fix some of these problems?
It may.
How long will the fix take?
One would expect 25 years, but if treasonous American Imperialist Canadians are in any way involved — 50 years.
—————–
In California, if one uses the services of Medicaid (“Medi-Cal”) for any serious illness, one forfeits their estate to pay for medical expenses incurred. I am fortunate to have a very small mortgage, but I essentially “rent” my house from the state. When I die, it goes to the State of California to pay for my late husband’s medical expenses.
—————–
It is a stupid idea, but you could pray for hyperinflation. If you assume that hyperinflation has a primary cause of people loosing faith in a currency’s value … then the US is doomed to have hyperinlfation.
Would it fix your problems?
Maybe, maybe not.
Could it make them worse?
Given the long term deterioration the US is due for, maybe not.
Oh well. After announcing austerity measures in euroland
now a weaker euro is good for the economy. Thats all
bad news for the normal ppl who work for a living and
dont get multimillion bonuses at the end of the year.
I guess Dr. Houston is right when he says the european
elite is HATING the working class.
Try reality-based analysis instead:
Here’s Harry W’s version–
http://www.uknowhy.com/blog/wp-content/uploads/2008/11/035ostrich_468x538.jpg
I trust a single Chinese polit-bureaucrat more than a team of Ivy League Economic PhDs (Paralyzed from the Head Down) Bumpkins any day. BTW: the Euro is being used to build a Billion dollar highway system in Iran…thanks China. What next on the Banker agenda? Got USD?
http://news.yahoo.com/s/afp/20100530/wl_mideast_afp/iranchinaloan_20100530075700
The US govement is way past crazy. Americans believe they are free? Anger is in the air of the informed. To bad it is about 20,000 people in a country of 310 million. The rest are to busy watching American Idol and such.
Try reality-based analysis instead:
The Dept. of the Treasury is an organ of the US, and the Fed exists by mandate of the US Congress.
The US is represented at the IMF and is it’s largest single state with a veto over any and all of it’s actions, that’s why both are listed under ‘United States of America’, just as the UK has HM Treasury & Bank of England listed.
What would you call analysis that’s willfully opposed to verifiable reality?
Alas poor euro, I knew him well…
Paradise south of the border.
@Max Power
Never said you were American by the way ? Never said you were pro or anti American neither. I got let’s say I got carried away ? One thing is certain. You have yours opinions and that’s fine. And I share a lot of them. Not all but a lot.
I was talking about the facts that military spending has never been higher since the Cold War. Sorry. It wasn’t your lovin Obama. I was trying to make a point in a provocarive way ? Probably. You know Max that in Canada we a lot of Canadians that are more American that Americans themselves ! Some still think paraside is just south of the border.
@Max P.: Its okay, I am a Californian first.
=========
What the fuck in wrong with you Max ? Go get your head examined or get your facts strait. Your loving Obanana has a military budget equivalent to the same level as during the worst years of the Cold War, Stop taking me for a moron. Money talks. Says everything.
=========
I have no idea how people get the idea that I am somehow pro-US or at least not anti-US. I prefer to be totally apolitical and neutral wherever possible — and to allow Americans to their own fate as far away from me as possible.
In any case, the US (much like the UK after WW I) is not a global super-power economy any more. I don’t expect to ever have an American person or entity (or for that matter an Israeli one) buy my intellectual or other services as the US is the new PNG (but without a functioning civil state and civil society).
As I have said, I don’t associate with Americans as a rule — except for a number of well considered exceptions that is under 20.
The fact that I might somehow might be considered to be an American totally baffles me — it is very good grounds for a civil slander lawsuit … but I can’t be bothered as people that fail to observe the obvious will get punished sooner or later by their lack of attention.
@Marc, Max P.: The US state governments have been monitoring spending of the poor for some time. Apply for any kind of assistance (food stamps, low-income health care, etc.) and one has to submit bank statements, auto registration, rent/mortgage information, utility bills, etc.
In California, if one uses the services of Medicaid (“Medi-Cal”) for any serious illness, one forfeits their estate to pay for medical expenses incurred. I am fortunate to have a very small mortgage, but I essentially “rent” my house from the state. When I die, it goes to the State of California to pay for my late husband’s medical expenses. Am I a flag-waving patriot… hell, no. F*** them all.
@Max and Stacy
The euro downfall is viciously deflationnist for the US economy ? No ? Think so ? What the expression again “Beggar thy neightbour.”
Would be nice to know, a part from Hollywood which is a certainty, what are the other US multinationals the most exposed to the deflationnist massacre coming from Europe ?
@Frans
Let’s recapitulate for you. You must see the lovin government as banksters collection agencies. They send you a swat or the nazi IRS to collect the money to pay the banksters. OK. You understand now. It’s quite a dandy system. Governments are just a front for the banking crime syndicate.
@Frans
And the IMF and the BIS bien sûr ! Just to please Snoot.
@Frans
Because your lovin government is the fuckin FED. That’s why,
By the way: why should governement bother watching individual personal transactions while the FED and many other institutions work in the dark?? @_@)I#_!#@I$}_@!(#U%R !!!!!
Big Brotha is watching you!
“Not today. France is bankrupt. Austria is bankrupt. And even the mythical Germany is bankrupt. Netherlands is bankrupt. Belgium is bankrupt.
They are all bankrupt.”
The G20 is not bankrupt, Marc.
@Illinois Brandon
“WAS” a strong block.
Not today. France is bankrupt. Austria is bankrupt. And even the mythical Germany is bankrupt. Netherlands is bankrupt. Belgium is bankrupt.
They are all bankrupt.
I don’t think the Euro will die itself even if this version dies. Ireland, Greece, Spain, Italy and Portugal likely have to leave it I believe. The Euro needs to be much smaller I believe maybe even cut from maybe 16 states to 8 states. Germany, France, Austria, Netherlands, Luxembourg, Finland and a few others would make a strong block.
About USA’s Washington DC Eunuchs making illegal law to collect data about every financial transaction: The District of Crooks has been and is already doing this. They are only now need the illegal law – so that can start using the data they already collected – so the illegal IRS (internal revenue service – whose existence began with creation of illegal international private banking concern’s (“Federal Reserve”) take over of United Slaves of America’s “money system”)
=======
@Max Power
Not quite. The state is now a private entreprise controlled by gangsters from the banking industry, the militaro-industrial complex etc
=======
People have been saying this about the US since 1968 — so it literally is as old as some retirees!
Weather and to what extent it is more (or less) true now vs then is a hard call to make.
There is an old claim that Fascist states make trains and planes run on time — but this has never been true in the US. The US by the train and plane analogy could be called a failed Fascist state — but analogies only go so far.
States and economies are not about trains and planes arriving on time, but if one is thinking ‘ordered economy’ — there is no proof post-2007 that the US is an ordered economy. This argument probably holds true for 1968-Nixon Shock as well.
Economies in a state of lawlessness lead to nations in a state of lawlessness. Sadly, the US was in a state of lawlessness before the economy went sour. States in a state of lawlessness — you do have to flee from them.
@Snoot
Bah it’s a word. I was talking about this Nazi Germany inspired law “The Patriot Act” and the soon to come “Enemy Belligerent Act”. They will soon be arrecting you all. But the bastards will go at it gradually. Naturallly it will be done in a patriotic spirit to protect glorious institutions like Goldman Sachs and the FED. Or the IRS.
What patriots ? What foorbal team ?
Real patriots are dead Snoot. Only scum is left anyways in Washington. There are some exception but most of them are globalist fascist scum. World tyranny called the G20.
Addendum
=====
[...]
This is my observations of where nature will probably go, but I have given it off and on mathematical consideration — so these ideas are not new.
=====
I refer to the ‘Hells Angels’ for the entire text above, not the actual text below my cut point.
The US ‘War on drugs’ was originally started to help guarantee (100% nepotism, 100% favouritism) in the judicial and law enforcement sectors. In terms of the US being any safer, it is not. In terms of the US being more in a state of lawlessness — it is.
As the US economy implodes, the US will no longer have a hard currency to force this kind of corruption on other nations in the Americas. So hyperinflation and a 98% predicted devaluation in the US will terminate this last gasp of imperial corruption that has been forced on a great deal of the world’s population.
The rest of the world will in the end go elsewhere with respect to dealing with ‘controlled substances’ and the US will learn not to care.
@Max Power
Not quite. The state is now a private entreprise controlled by gangsters from the banking industry, the militaro-industrial complex etc …….. The state is becoming omnipotent and is now fused to Wall Street. It’s called FASCISM. USA is now a fascist state. May you vote Democrat or Republican, it changes absolutely nothing. The puppet masters are the same. And the puppet masters are president killers. 95% of Obama’s cabinet comes from Wall Street. 97% of the Democrat fascists scunbags funding comes from Wall Street. It’s calle fascism, national-socialism.
The United States of America is not listed as agent with agency in the G20 system of banking governance which now governs us all, Marc. The agents would be the Dept. of the Treasury (IMF) and the Federal Reserve Bank:
http://www.g20.org/147.aspx
Ceding control to either entity (IMF, FED) is an acquiescence to our new global government. That is why I find the message of the “patriots” in the US to be toxic.
=====
@Max Power
Real cool “The keep their nose clean.” Clean ?
======
It does not matter who created them, given time this has become irrelevant.
Like a hydra, it is its own animal now. Like any group of businessmen (or birds, they somehow have birds) — their loyalty is to the highest bidder.
The remnants of the steady state economy still keep the hydra healthy and unmoved, but if put at risk [by environmental change] they will reproduce and seek new pastures. The new adaptable hydra will almost be new species, with new views and new organizational philosophies.
The rank and file may move their loyalty to the highest bidder (as any legitimate small biz would) … and as their creators most likely to only be meshed up in maintaining the high levels of nepotism and favouritism they are accustomed to … and completely abandoning any projects that don’t involve keeping the blood purity of the US government payroll in general.
You can take out the old leaders and the bad apples, but the power here is not with the state. The finance crisis effectively surrendered the states’ power in these matters.
This is my observations of where nature will probably go, but I have given it off and on mathematical consideration — so these ideas are not new.
@Marc:
The euro ‘crisis’ is a staged move to alternative currency regions operating out of a multilateral system of governance. Those who control and profit from the sdr/index are firmly in control of the EU zone. Chaos within our system of banks does not indicate chaos within the monetary authority’s systemic power grab.
There are two system operating and those insiders will continue to be solvent within the context of their INDEX which maintains that wine glass at parity outside the dollar-paper-standard-woes.
Hoose down the debts levels with a lot of water and you will have liquidity. Burn the books and start again. It’s fairly easy. Just don’t pay or pay with “I.O.U.’s sweet f@#$ nothing”. Like the USA in sum.
@Snoot
Sovency crisis ? You mean we are going to run out of wine ?
Damn ! I shouldda known !
” The liquidity crisis is caused by the solvency crisis.”
The liquidity crisis is exacerbated and finds its pointsource in basel regulatory tyranny.
The G20 is responsible for both the sovereign solvency crisis and the liquidity squeeze.
=======
@Max Power
World military spending hit new record in 2010.
=======
If you take the number of times military spending has hit a new high since 1950 (using a modified backward compatible SDR uniformly for all years) you would find that the record is broken something like once every 4 or 5 years (as a bare minimum).
This is not really news, but a long term problem. What bering it has on the long term ascendency of Asia and the decline of Europe (and the US) is unclear — but if it is just creating unproductive debt … the outcomes are at best self obvious.
@Max Power
Real cool “The keep their nose clean.” Clean ? Boy. I had a chance to check.
Anyways they are one of the numerous associates of the CIA and our gouvernments. The fuckin federal government and the ArseCMP is filled with these bastards. “War on drugs” is one big fat satanic joke. Good for the fuckin judges, the fuckin lawyers, the police and the banksters. It’s a joke. 95% of the shit passes and we foot the bill for these godamn RCMP scumbags paid big fat salaries for fighting drugs. CIA bastards.
81 Forever.
==========
He said it came from the National Reconnaissance Office, which oversees developing spy satellites. “There’s something both belligerent and weirdly self-critical about it,” he remarked. “It’s representing the U.S. as a dragon with the whole world in its clutches
==========
A lot of “Hells Angels” culture is imported American Imperialism — and don’t forget the Harleys! However, the one thing about them that is totally un-American is their system based on rising thru the ranks via merit.
The NRO choice here is an odd one…
Anyway, Americans are (10^100)% opposed to merit.
There are secret organizations that are rumoured to exist (no, not in the US — but yes, with a global reach but not strictly speaking lawless criminals) that make the Hells Angels seem like a totally open society.
As criminally corrupt as the Hells Angels may be, one does have to give them credit for getting some things right and being survivors. As long as they keep their noses clean with the general public, it is hard to say bad things about them.
If non-US bond holders need to look for a ready pool of assassins to clean up the US upper class … they know who to call.
“The Looming Doom has learned leading experts are advising the Obama Administration that the U.S. is poised to experience the most painful economic cycle of all: the Super-Hyper-Inflation Trauma (SHIT). While there is yet slight division amongst the experts as to whether the U.S. is already in SHIT or not, once the U.S. is fully in deep SHIT, there is no quick fix. Furthermore, if the SHIT is too deep, the economy may never recover.”
http://theloomingdoom.tumblr.com/post/607616751/superhyperinflation-just-around-the-corner
@ Max Power
You like Boy Scouts Max Powers. It based on the same principles.
Pentagon boys scouts. Like in the Hells Angels. They love also love patches. Boy Scouts, Pentagon killers and Hells Angels.
What was your animal name in the Hell Angels, ouups in the Boy Scouts ?
http://www.nytimes.com/2008/04/01/science/01patc.html
=====================================================
lIn an interview, Mr. Paglen said his favorite patch was the dragon holding the Earth in its claws, its wings made of American flags and its mouth wide open, baring its fangs. He said it came from the National Reconnaissance Office, which oversees developing spy satellites. “There’s something both belligerent and weirdly self-critical about it,” he remarked. “It’s representing the U.S. as a dragon with the whole world in its clutches
=======================================================
Self critical ? Humm ? Like the dragon at the City of London. No it’s satanic symbolism. Stupid childish stuff. But hey ? The slaves are paying the bills.
Inside the black box projects. Probably in reality another trillion dollars.
Don’t believe the numbers. Much much higher. What a trillion anyways ? Peanuts.
http://www.nytimes.com/2008/04/01/science/01patc.html
Cool. Indeed. You really have the impression that the Pentagon is runned by real mentally ill satanists retards psychopaths.
@Max Power
World military spending hit new record in 2010.
http://www.swedishwire.com/politics/4823-world-military-spending-hit-new-record
Rob the poor in USA to pay for the crooks at the Pentagon. Stintking fascists nazi rats. Don’t forget. That’s while unemployment is at about 22% in the USA, land of milk and honey. Max go get your head examined. You don’t even have your facts right. COLD WAR budgets. Quite clear indeed.
========
In the case USA Max Power, it’s rob and rape other countries and rob and rape the ordinary Americans also. USA is a combo. Rob and rape taxpayers and rob and rape places like Irak. Guns Oil and Drugs.
========
Did you get hired by the Voice of America, French Language Section?
: )
I am more into detached intellectual observations about the USA and the Finance Crisis in general. In a way, this can reveal more about what is going on and provide new insights than the political stuff.
Weather or if this makes me more or less anti-US is unclear, but let the numbers speak for themselves first. I avoid contact with Americans in general, but people that do this in general do so for their own reasons.
== Odds and sods ==
For example, the population death limit for Iraq and Afghanistan — in US passport holder costs [excluding people living in the region already] — is 200,000,000 casualties.
Yes, the USA would have 100 millions in remaining population once it is over!
Mind you, the US “Death Camp” limit is 250 millions — so the 200 millions loss in South Asia is not so huge. Yes, this is equal to Western Europe and many many times WW I + 1917-19 Flu Pandemic.
@Max Power
Last year record spending in armament. 1531 billion dollars. No recession there. In reality it’s a boom. You are either stupid or naive. Write me back when Isreal nukes Teheran. In the next ten years we wil have a third world war. You are so naive. Harper want to hire 50,000 soldiers in Canada.
What the fuck in wrong with you Max ? Go get your head examined or get your facts strait. Your loving Obanana has a military budget equivalent to the same level as during the worst years of the Cold War, Stop taking me for a moron. Money talks. Says evertything.
http://www.globalissues.org/article/75/world-military-spending
======
It was skills that the British army lacked. Badden Powell was not just preoccupied by boys “health”. It was also a fantastic way of training for the military. We call them “éclaireurs”.
The Obama Youth Brigades will be quite a fantastic tool for prerecruitment in the army. God you are naive ! The idea come directly from the Tsahal and from Rahm Emmanuel.
======
This Scouts organization is very old, and there is no Western Front these days. It is natural to assume that this group would be subject to waterboarding — the WW I era lifestyle is no longer viable or approved of in the US. The military training aspect is neither here nor there — as most US members of this organization are too obese to serve any time soon.
What you don’t know about the USA is that WW I (The Great War) has essentially been erased from history. So a lot of your typing was for naught.
My proof, and it is simple : on the 90th Anniversary of WW I — there was not a week of television specials devoted to it in the USA. WW I is an important war, but not in the ways one stereotypically expects…
People in the US trying to peruse a WW I way of life, one would expect them to be waterboarded — the US is a different place now.
I don’t see White Americans being in “Obama Youth Brigades” as the Army is now the reserve of the minorities — no so for WW I or WW II (up to Vietnam).
In the case USA Max Power, it’s rob and rape other countries and rob and rape the ordinary Americans also. USA is a combo. Rob and rape taxpayers and rob and rape places like Irak. Guns Oil and Drugs. It’s repetive but it perfectly resumes what the “American Dream” is all about. It’s about G.O.D. the horny and ugly looking type of god. 22% real unemployment in the USA as of yesterday.
i think this video sums it all up http://www.youtube.com/watch?v=7_IKcMl_a9A
@Max Power
Well it’s quite fine you know if you are an eugenist nazi like Bill Gates who wants to reduce the population 50% by sterilizing people and probably shortening their lives. What’s wrong with that if you are a billiionnaire monopolist ? Ted Turner says we should be only 2 billion people. Max Power you are probably in the list they want to exterminate.
It’s their intention. They don’t really care about having an economy for your. They want you dead Max Power. It is done in the name of Mother Earth and crazy eugenics wiping out the poor. I know.
You probably think that it is crazy talk. But let’s face it. They use two strategy to control their problems and become rich. I am thinking more a ex USSR model or a chineese concentration camp model. Rob a another country, and if you can’t rob and exterminate the people in your country.
==========
Just freeze the banks accounts and transfer the sums to Goldnman Sachs Government. There are not enough poors in the USA. This of law will facilitate the raping and plundering by the IRS gangsters.
==========
As bank account confiscations go up (as with limit equations), there is a knock-on effect in the economy : people stop spending money. Hoarding will initially be chaotic, but people will eventually horde assets that are not worth confiscating.
Large scale bank confiscations can massively distort an economy, at Macro and Micro scales.
Any economy subject to these confiscation conditions on too large a scale will cease to be classifiable by any normal [rational] economic maths.
Yes, you can get the long run endgame condition of 1% owning 99% of the economy — but that economy may not be an economy at all.
@Max
Exercise my ass ! Endoctrination and then suddenly you learn that exercice teacher is fuckin marine also doing some recruting for the army.
You are soo naive Max. The Boy Scouts were at the origin set up to train young boys for survival skills. You know why you naive Canadian.
It was skills that the British army lacked. Badden Powell was not just preoccupied by boys “health”. It was also a fantastic way of training for the military. We call them “éclaireurs”. The Obama Youth Brigades will be quite a fantastic tool for prerecruitment in the army. God you are naive ! The idea come directly from the Tsahal and from Rahm Emmanuel.
@Mark Authier.
I have to laugh when I see Americans talking about CHECKS.
IN Europe we do everything vis direct debit. and credit.
You can’t even get a job without a bank account. All salaries are direct deposit.
On the bright side. My ABN-AMRO debit card is accepted around the world at ATM’s and hotels, car rentals, etc etc. meaning I pay with MY money. and no ATM fees.
I have 5,000 overdraft on my current account and anytime I go into the red the interest rate is 11 percent on the balance in the red. You must come out of the red within 3 months or they can close the account.
At least we aren’t getting raped like Americans are interest rates.
Americans are getting fucked big time…..
@Max
The problem with your analysis is that the monitoring will be done by the same folks that are bought and paid by Goldman Sachs. You couldn’t see totalitarism if you had in your behind Max.
It’s called proceeding incrementally. And that’s what is happening. Each step is violation of private life. So Max ? Did you enjoy showing your penis and your testiles and your arse at the airport recently ? By the way they are recording your body scan even if they say it’s not the case.
I forgot the naked body scans. Next year they will implant a chip in the arse and tazer dog collar Max. Good travelling you all !
Step by step. Like boiling a frog. You heat the pot gradually.
The frog falls alsleep and then you boil him.
[typo fix]
I don’t see the US getting youth brigades either.
These brigades mean large numbers of people getting exercise — and this leads to weight loss — and this leads to people becoming open to the idea of revolting. Youth brigades are a total no-go in the USA. I am shocked that there are not protests in the USA calling for Boy Scouts and Brownies to be waterboarded!
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- Youth brigades like in Nazi Germany and Stalinist Russia. Forced civil service.
=======
There never will be a forced civil service in the US — you probably have the wrong wording here. I don’t know what wording to replace it with. You might really be meaning quasi-military service.
In the USA, at the local + state + federal level — nepotism overpowers all.
Most of the US civil service that exists is 3rd and 4th generation. Only “pure wool” can get in.
The Quebec civil service, due to its special isolation is a microcosm of the US’s — but with a more European structure. However, the US has a much more worthless civil service in general — due to its views on government.
The fatal view that Americans hold about government is lack of nepotism and favouritism. Americans abjectly refuse to believe that these destructive forces might exist in their own territory. The US thus has become the “conspiracy theory capitol of the world” — something the founding aristocrats would not have liked.
The US finance crisis could never have happened unless there was 3rd and 4th generation nepotism in the finance regulation sector of government.
I don’t see the US getting youth brigades either, as this means people getting exercise — and this leads to weight loss — and this leads to people becoming substitutable to revolting. Youth brigades are a total no-go.
I am sure by the way, that they will be certainly introducing this type of law in the UK, Canada and the rest of Europe. Can you imagine the power you have if you have these informations ? NO PRIVACY. For the people in the government you are just a pack of shit. No personal priviacy on anything. Not even the money you have at the bank or at home. This is nazism. It is.
No Max. It’s about stealing EVERYTHING. It’s about blackmail also. Corrupt is the federal government is in the USA, but also ALL federal and central governments, knowing how much cash you have at home or in your bank accounts facilitates for a gangster the work of stealing, raping, taxing and plundering. Don’t even need a swat team. Just freeze the banks accounts and transfer the sums to Goldnman Sachs Government. There are not enough poors in the USA. This of law will facilitate the raping and plundering by the IRS gangsters.
…In the long term the only thing that will speed that up is a giant rock from the sky that hits the “tilt” button and starts this wonderful process all over again, hopefully this time for the better.
[addendum]
Mathematically, the {Cumulative Debt Per Person} view of debt (in the US, or UK for that matter) nullifies this idea pretty quickly. The short and long term trend is that either banks or the government will own 90% of the housing in the US. Americans will be paying rent to one or the other, or even both. It really is anyone’s guess. Home ownership in the US will be history — given enough time.
======
One day you will wake up and you will have a swat team looking for cash in your house. USA puke.
======
Your assumption here is that Americans will get to keep their houses.
Mathematically, the {Cumulative Debt Per Person} view of debt (in the US, or UK for that matter) nullifies this idea pretty quickly. The short and long term trend is that either banks or the government will own 90% of the housing in the US.
You might be able to keep your house in the USA if it is owned by an offshore entity that you pay rent to, but otherwise no.
Due to deflationary factors, 90% of people in the US essentially don’t have cash anyway. At least that is the trend (as it might be at 70% or 80% now).
As far as virtual cash economies in the US, de-industrialization here will be coupled with de-electrification. Expect to see 1930s levels of electrical consumption one of these days. It is easy to expect 50% of the US population to be forced off grid as they cannot afford it — somewhere there is a trend-line that says as much.
You can’t have virtual cash with only 50% of the population having electricity.
I think a lot of your seem to neglect the fact that these problems we’re having lately all boils down to one thing, the human race. You can blame governments, blame countries, UFO’s whatever. But if history is any indication the sole cause of any of the worlds economic ills has been the result of human nature.
Until we get that sorted out, hopefully through al ot of time and evolution (hopefully before the sun burns out but I wouldn’t bet on it) maybe then we can start helping matters rather than making them worse.
If quacks like a police state, walks like a police state, and fly like a police state, it’s a police state. Alex Jones wasn’t crazy after all. They are really gradually constructing a totalitarian nazi police state like in Adolf Hitler’s Germany.
Want the list ? And it’s not exhaustive.
- Patriot Act.
- FEMA camps to lodge 8 million prisonners (barbed wires included and mirador towers included)
- Enemy belligerent Act.
- Allow CIA to kill and torture US citizens.
- And now the cash at the ATM. “Bureau of Finanicial Consumer Protection”
- Government sponsored media by FTC Sponsored ? Yeah the government giviing money to Rupert Murdoch !
- Cyber security act to kill the internet and deny access to unfriendly and “undiserable” elements.
- Forced vaccinations in many jobs.
- Youth brigages like in Nazi Germany and Stalinist Russia. Forced civil service.
Max Power. You are a real Canadian. As naive as they make them.
He worked in the sandstone block and rendering department, did some paintings and such. No unions in those days, they did have interest rates though. Interest rates in bull whips would sky rocket during times of low labor output.
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That’s the goal. Monitoting small people. Naturally. It’s not about stealing money from fat cats. It’s about fat cats in Washington stealing money from ordinary individuals to give to the fats cats in banking.
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No, to me it sounds more and more like the ‘Bangladesh Attractor Factor’ … that is to say the lower end of the economy gets to possess less and less ‘cash’ as time goes on until it has none. Mainly, all equity (reserve or otherwise) is sucked out of the lower 99% of the population.
Unlike India, neither Bangladesh nor Pakistan have managed to maintain a Middle Class due to this kind of economic factor.
The endgame is, Americans will [literally] not have 2 Rupees to rub together.
…and some of them also took credit for their construction, my mother did a tour of Egypt and found one of their signatures…KEITHWASERE !
@RJ
Scientists have recently discovered that the slaves that built the pyramids were actually paid for their efforts, with food and beer (yes beer, the Egyptians invented it or so I was told on a tour of our local brewery). Seems paying slaves to work on pyramid schemes isn’t such a new idea after all.
…And if you don’t pay the bill your credit cards cancelled, your assets are frozen and your T.V. and toothpaste stop working until you quit breaking wind so much !!!
I would even say that they are preparing in Washington cash rationing.
You have the adress and the ATM transactions. You either recuperate the money at home with the fascists goons from Homelan Security, or even better, instruct the bank to reduce or simply ban further withdrawals from the ATM machines. Information will be collected to target political enemies or particular people or businesses that the bankster runned government doesn’t like. One day you will wake up and you will have a swat team looking for cash in your house. USA puke. These Canadians are nice but they still don’t get it. The same is coming in Canada Max and the rest of Europe.
Pretty soon they’ll make flatulence detectors mandatory and we’ll all be charged “emission” taxes Stacey !
Marc
The battle has always been between the ruling elite and the rest. Just the rest do not realise this
As long as the elite do not push things too far the rest (or slaves) are happy enough. But battles between the elite for power and control can result in them doing this at times.
This is what is happening at present.
@Max Power
Proud to be a Canadian ? 1,2 BILLION costs for the next 16 G20 and G8 orgy of criminals. That’s about a 333$ bill for EVERY single canadian slave !
Teleconferencing is much cheaper, but since Canadians love electing neo-con USA Nazi like Stephen Hitler Harper, nobody need s1,2 billion. It’s a real bargain they say. 60 million dollars per polirical asshole protected.
Canadian moronic federal stupidity at its best. Pay and shut the fuck up.
By the way Hitler Harper is a “conservative”. You know small government and all that mean and lean government bullshit. Harper has just left the mean part in its program. Hey Max you are really naive about Washington intentions with the cash transactions. It’s about controlling the money and eventually stealing it mafia style.
“Bureau of Financial Consumer Protection”. Tony Soprano protection style.
The only protection that Americans need is to be protected fron is their godamn federal government.
“Let us protect you. We know how much money you have at home and you adress you slave. Now how about giving us some of it for your “protection” by your “lovin” United Slaves of America government.”
Obama is quite a fine piece of shit indeed. And It wouldn’t be different with the Republican scumbags. I am surprised they didn’t mention it was to fight against Al-Cia-da.
Like I said. It’s not your money, it’s Goldman Sachs and the fascists bums running rhe US government. You have to be damn naive to not see what is going on. Everything is being put in place to rob, rape and plunder everything.
@Max Power
That’s the goal. Monitoting small people. Naturally. It’s not about stealing money from fat cats. It’s about fat cats in Washington stealing money from ordinary individuals to give to the fats cats in banking.
Next step ? Eventual elimination of cash.
“Bureau of Consumer Financial Protection” what a nice name, it carries the sound of newspeak.
“gather information and activities of persons operating in consumer financial markets” what a great purpose, it really sounds like they’ve after the big shots those playing the stock casino, but no! It’s you and me and grandmother and our daily ATM uses or groceries purchases that is under suspicion.
Must activate doublethink, this must after all be a doublepluss good thing
It would also be a good idea for everyone to do the same thing in other countries. That’s what I intend doing this monday.
Transaction monitoring has its limits, and even if the US government sought to monitor all bank transactions (for some future goal, yet unknown) — it would soon find itself with mega datasets on mostly poor people with very little money.
As the finance crisis continues, the overall trend is probably toward the upper 10% having all the wealth. Due to debt, the lower 90% have more debt than wealth — occasionally there are some weak exceptions to this, but the rule holds.
All this means is that wealthy people in the US that have been on the fence with respect to moving out all their wealth will now be doing so in Smurf Turbo Mode.
http://en.wikipedia.org/wiki/Smurf
http://en.wikipedia.org/wiki/Smurfing_(crime)
Structuring includes the act of parceling large financial transactions into smaller transactions to avoid scrutiny by regulators or law enforcement.
Structuring often appears in federal indictments related to money laundering, fraud, and other financial crimes. The term “smurfing” is derived from the image of the cartoon characters, The Smurfs, having a large group of many small entities. Miami-based lawyer Gregory Baldwin is said to have coined the term in the 1980s.
Typically each of the smaller transaction is below some statutory limit, that does not require a financial institution to file a report with a government agency. Criminal enterprises often employ several agents (smurfs) to make the transaction. However, even otherwise legal business practices can be considered a crime, as detailed recently by an article in Forbes magazine.
The article reports that even if “the money is from a legal source, the government can charge you with a crime and/or demand you forfeit cash” if you apply the structuring method knowingly.
MONDAY MORNING. Get your all the cash you can OUT of the bank before this Nazi inspired law is in effect. Can you imagine what the real purpose is. The goverment will now be able to follow all the money you have in cash and the adress. Get the picture ? I get it. USA is a terrorist state and it victims are the Americans themselves. Get your money out the banks NOW !
It was cool to follow the Dow to 6800 in the nineties and baffling to watch it go beyond. It’s now interesting to see the yo-yo economic model run back down with greater speed back to 6800 and beyond. When it bottoms it will sit in a sleeper trick spinning idly at the bottom until the yo-yo gets drawn back up.
Senate Dems pass bill allowing government, in name of consumer protection, to collect personal data on every single financial transaction made by anyone
Tis is wat happens wen ya have terabytes of storage
I guess Computers are a double edged sword
So tey gonna know how many guns ya own cartidges & Gold
& Survival seed banks as well
tis is gettin real Interestin now
I bet a new Work Order has come to service ta FEMA Camps and have it ready fer dissenters
Is there any truth to the US$ dollar refinancing through the private sector (as mention by C Story and others)
I have read this is as high as 47 trillion us$, which if paid out through the private sector, will generate significant tax revenue for the eligible countries.
Maybe this is why the Uk want to increase the capital gain tax rates (as according to Story the resettlement is to got through the UK)
The internet. Brilliant invention but I’m never sure what is true and what is not. Big improvement on the crap we had before though.
At least this story will not be dragging on …
Porn star’s sword rampage ends in cliff stand-off
A porn actor wanted for allegedly murdering a co-worker with a samurai-style sword has died after jumping from a cliff edge following a stand-off with law enforcement, police said.
Stephen Hill plunged around 50 feet off a sheer rock face after being stunned with a taser by Los Angeles Police Department officers, who had been negotiating with him for several hours.
Television footage of the incident showed Hill scrambling off the edge of the cliff feet first as police moved in after stunning him. [...]
http://www.abc.net.au/news/stories/2010/06/06/2919420.htm
http://jessescrossroadscafe.blogspot.com/2010/06/us-total-government-debt-reaches-130-of.html
USA going japaneese.
@ Stacy
Ya could add tis too
“But I think it is important that America know what we’re talking about here. At this point in the Senate 94 percent of all the bills are passed unanimous consent. 94 percent. So this is hardly a lack of productivity, and what this means is that 94 percent of the bills that pass the Senate have no debate, no vote, no amendments, no reading of the bill, no online disclosure, and very often, no score from the Congressional Budget Office.
http://romanticpoet.wordpress.com/2010/06/05/senator-jim-demint-on-the-senates-secret-bills/
I gotta run got some errands otterwise I woulda found a legit Source
Hic
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Opera House gets $152m funding boost
http://www.abc.net.au/news/stories/2010/06/06/2919387.htm
Ms Keneally announced the funding today before the New South Wales budget is released on Tuesday.
The work involves building an underground tunnel and loading dock to reduce traffic on the forecourt and a new lift to move heavy sets and scenery.
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This is a bail out I never thought I would see.
The cost here is higher, not just due to the FOREX differential (AUD vs EUR or USD) but Sydney (and NSW in general) is expensive to live in — and these modifications are special and unique to the building.
IF you have seen the show “ENGINEERING CONNECTIONS” they have an episode devoted to this opera house. I hate to say this is a cheap mod and a modest bailout — but in relative terms it is.
@Bonn
No Put in prsion for 2000 years AND capital punishment. They would make a real mess of the Moon too.
General public
I doubt it. Almost total ignorance about money is maybe the biggest problem with the world at present
A few are now aware that something is not quite right, but do not know what, or what can be done to fix the problem
I tink ta general public can take care of Wall St.
I tink all Govt’s , MIC’s and Bankers should be relocated to the Moon
I can dream cant I ?
Hic
Oh fergot MSM as well Esp tat Amanpour Glen tat CIA ader sometin along wit tat Indian Doc cant stand ta sight of tees twerps
How much of a problem has the move away from cash and coin been. This use to be debt free money (cash and coins was around 50% of the money supply) which was credited to the taxpayers account. Now the taxpayer is denied this debt free money.
Solutions to this debt problem are simple enough. Except there will be winners and losers, so agreement might be almost impossible. (esp as it effectively determines who controls the world).
I guess laws set up to favour the commercial banks, (and stop irresponsible Govts printing money at will) will make any required changes difficult.
@Stacy
Europe exporting it deflation and economic crisis to the USA. It’s 1929 all over again with a nice touch to 1984 totalitarism
US government sposoring newspapers
US government tracking ALL your ATM transaction and your adresses.
Bang ! Bang ! Bang ! It’s your lovin bankster government.
Something is going on in the USA. Hitler and Stalin would love USA in 2010.
If you live in the USA, get out NOW !
http://globaleconomicanalysis.blogspot.com/
@Marc – I would guess that if the euro falls apart it would cause such panic that the deutschemark will soar from the ashes at an extreme valuation compared to the others and germany’s exporters will howl; none of the other euro countries have near the same manufacturing capacity and, importantly, many, especially Spain and France have been selling off their gold in the past decade . . .
Get your cash OUT OF THE BANKS before they start registering all you ATM transactions with your adresses !!!!! New law passed in the USA. When the bank panic happens in the USA and the system is shut the NAZIS in Washington will have all your ATM transactions of your money and your adress. Guess what happens next ? USA is effectively a nazi state.
It meand that even the mythical germanic Germany
is K+A+P+U+T.
R.I.P. european parasites from Brussels.
Unos