- The dollar is being inflated outside the domestic economy
in the international currency markets. At home we have deflation. And
between the international outer loop where dollars are expanding in supply
and the domestic loop where M1 is being even further tightened, there is
the international lender who extends credit so we can buy at foreign inflated
prices with our miserable deflated incomes. I know no one else is saying
that -- but all of them are passing on what they learned from text books
and what they are being told by very intelligent creditor class people
who lie to us so we will continue to go along with being swindled. No
one in the media or government really understands the economy, except the
paid liars managing this theft.
-
- The inflation is only international -- or more properly
when lower domestic loop dollars are worth less in the currency markets
due to Bernanke pumped supply (which is not going to the domestic loop)
and bearishness on the part of currency speculators -- worth less compared
to currencies of the nations we buy from. But the outer loop and its
plentiful supply of dollars is walled off from the inner loop of scarce
(deflated) purchasing power and monopoly pricing -- at the interchange
between the two loops is the international lender ready to extend credit
so we can buy the foreign goods the buying of which must be debt financed
-- where we buy foreign currencies to pay for imports. At home there is
deflation. No money to buy or produce local products, but plenty of money
to buy on credit products from abroad. If you miss that you miss everything
and are probably making the monstrous mistake of thinking that gold can
rescue us from "inflation" in the simple economics text book
sense -- in fact gold would only lock in continuing domestic circulation
deflation.
-
- The Fed is goosing the elite loop money supply -- and
none of it is reaching the lower loop which need an injection of purchasing
power to save us.
-
- This is the real key to understanding the economic crisis.
Stop listening to Glenn Beck, Celente, Rand and Ron who are not really
on your side -- and get with the populist remedy that takes money creation
and credit monopoly out of the hands of the financial sector.
-
- Dick Eastman
- Yakima, Washington
-
- American Bankers' Association agreement, 1891, as
printed in the Congressional Record, 29 April, 1913:
-
-
- On September 1st, 1894, we will not renew our loans under
any consideration. On Sept. 1st we will demand our money. We will foreclose
and become mortgagees in possession. We can take two-thirds of the farms
west of the Mississippi and thousands of them east of the Mississippi as
well, at our own price. . . . farmers will become tenants as in
England."
-
-
-
- From the "Banker's Manifest", 1892, for
the private circulation among leading bankers only, taken from the "Civil
Servants' Year Book, "The Organizer" of January, 1934:
-
-
-
- http://circleof13.blogspot.com/2008/11/bankers-manifesto-of-1892.html
-
-
- "Capital must protect itself in every way, through
combination and through legislation. Debts must be collected and loans
and mortgages foreclosed as soon as possible. When through a process of
law, the common people have lost their homes, they will be more tractable
and more easily governed by the strong arm of the law applied by the central
power of wealth, under control of leading financiers. People without homes
will not quarrel with their leaders. This is well known among our principle
men now engaged in forming an IMPERIALISM of capital to govern the World.
By dividing the people we can get them to expend their energies in fighting
over questions of no importance to us except as teachers of the common
herd. Thus by discrete action we can secure for ourselves what has been
generally planned and successfully accomplished."
-
-
-
- Robert Kinnett:
- The absolute value of national debt is in such large
dollar figures that they just don't seem real. Tests have shown that a
simple translation into per capita figures.allow voters to grasp
the numbers' significance.
-
- Having said all that, you be the judge. Here are the
figures from above, translated:
- Deficits:
-
- (1796 G.W.) $75MM = about $4.00B*, or $800 per capita**
- (1865 Lincoln) $2.7B = $143B, or $4,080 per capita
- (1920 Wilson) $24B = $1.28T, or $12,000 per capita
- (1940 FDR) $43B = $1.35T, or $10,200 per capita
- (1945 FDR) $259B = $8.15T, or $53,900 per capita
- (2010 Obama) = $12.3T, or $40,000 per capita
-
-
- Jeff Neilson comments:
-
-
- http://seekingalpha.com/instablog/407380-jeff-nielson/3678-the-bankers-manifesto-of-1892
-
- A "yoke of debt" has proven to be infinitely
superior to the chains of slavery, in that the masses not only willingly
embrace their debt-yokes, but have been steadily striving, themselves,
to make those yokes both larger and tighter. And nothing
in history has accelerated the bankers' grip over the masses as much as
the credit card.
-
-
- Programmed into believing that a credit card "limit"
was the same thing as a savings-account balance, hundreds of
millions of people in Western industrialized societies havewillingly sought
to indebt themselves to the maximum amount possible. Roughly half of these
self-created "victims" are Americans, who also carry the highest
average debts.
-
- Simultaneously, the filthy-rich have sought to transform
their title in this new paradigm of slavery from "rulers"
to "bankers". And while bankers get rich from
people as they pay back there self-incurred debts, they become wealthier (and much more
powerful) from bankrupting the "little people" and seizing their
assets.
-
-
- Over the past century, their propaganda machine has become
much more adept, andinfinitely more sophisticated. As a result, and
with the end of a "free press" (except for the internet) you
will no longer hear the rich openly discuss their plans as they did in
1892. Meanwhile, Americans are bombarded with the message that living with huge debts
is not simply acceptable but desirable.
-
-
- Date: Wed, 10 Nov 2010 13:06:42 -0500
- From: raleighmyers@raleighmyers.com
-
- Our TIME Worth Less As FED Lowers Value Of Dollar _ Retroactive
Wage Cut?
-
- ....
-
- Every time the FED diminishes the worth of our time,
it is in essence wage cuts retroactively through pensions and savings.
The idea of the new dollar worth less than the TIME value originally assigned
to them _ payback of debt with cheaper money as it lowers the value of
savings, 401Ks pensions etc..
-
- Dick Eastman reply: All you are saying is that inflation
diminishes the purchasing power of fixed wages and pensions -- an old truism.
But what your analysis completely misses is that we face deflation -- deprivation
of purchasing power essential to sustain our domestic economy. The result
is the great destruction of businesses and decay of living standards.
Yes, Bernanke is inflating the supply of dollars, but not anywhere near
the American household and the domestic producers who must sell to the
domestic producers. Rather the big boost in money coming from Fed purchases
of securities is going to the international sector through the elite financiers
which sits in the outer world of easy money and speculates with that advantage
in our world deprived of money.
-
- So, in Europe, they're saying, "How can America
ever repay these dollar debts that they're running up?" Left out here
is... The idea of saving the currencies with quadrillions of derivative
debt out there is an insult to humanity. http://tinyurl.com/29or528
- http://tinyurl.com/29b7hq5
-
-
- Dick Eastman reply: Of course the mechanism behind the
great theft is that we can't. But all of our debt is collateralized.
We have been feeding ourselves with the second mortgage equities on our
houses, land and businesses and whatever else we have offered as collateral
(all of the land and possessions and taxing powers of our government included.)
This is how war is waged and the conquest of a nation is effected by economists,
bankers and others of the creditor class whose secret societies for obtaining
money and power that rule the world.
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