The Economist is a Rothschild organ, it speaks the Rothschild
view presented to the world, but the view is always in the "passive
voice." When Rothschild family leadership speaks in the active imperative
-- agenda, policy, operational strategies -- it is behind closed doors.
An Economist article in the "passive voice"
of propaganda posing as economics journalism, because it is intended to
sell the clandestine agenda, policy, operational strategies gives us a
good idea of what the Rothschild game plan really is.
First they do not own the domino effect that the trilateralist
regional economic plan has created, Where Iceland, Greece, Ireland, Portugal,
Italy, Spain, Belgium, France and Germany are sharing in a chain reaction
-- and that is because the chain reaction is a product of Rothschild policy
and agenda.
Of course the Economist does not admit a roaring world-wide
depression. Their latest articles discuss the possibility of a "euro-zone"
recession -- which they can do because they follow the arcane rules of
economics that allows recession to be measured by a single money-measure
national-accounting number, the growth of euro-zone GDP -- which is prepostrous
as a measure of depression (an actual fall in output, living standards,
business health, budgets over the general population). Why prepostrous?
Because in a depression assets are not destroyed they merely change hands
from borrower to creditor, so that the losses of the John Doe familiy are
balanced by the gains of Goldman-Sachs which is part of the "service
economy." Two people are both alive with blood flowing in their veins.
One person knocks out the other and takes all of his blood and stores it
in a refrigerator in his basement for his own future use if he needs it.
The total amount of blood between the two people remains unchanged. There
is no recession in blood -- but one person is certainly experieincing an
absolute depression of life functioning.
The other stupid measure the Economist gives lip service
to is "consumer confidence" as if this measure is somehow a causal
factor, as if depressions are brought on by a lack of positive thinking
about capitalism. The Econmist duly reports that "The European Commission's
index of consumer confidence fell in November for the fifth month in a
row." How utterly passive is the Economist article in "trying
to figure out" where things are headed. For them recessions are caused
when the little people get greedy and borrow too much causing prudent international
lenders to lose confidence and prudently react by withholding further lending
until fiscal tightening and liquidation of all investments with assets going
to the creditors brings capital markets back to stability of increasing
yields. Who imagines that the Rothschilds value such passive analysis
as anything but disinformation, the presentation of a false brain -- putting
on a show of benign super-ego concern that fronts for the evil
id brain one that is always hidden and always at work fine-tuning new attrocities
to maximize yield.
"European banks' loans exceed their deposits, so
they rely on wholesale funds-short-term bills, longer-term bonds or loans
from other banks-to bridge the gap. But investors are becoming warier of
lending to banks that have euro-zone bonds on their books and that can
no longer rely on the backing of governments with borrowing troubles of
their own. Long-term bond issues have become scarce and American money-market
funds, hitherto buyers of short-term bank bills, are running scared."
The Economist is also used to issue threats. Defaults
will get disorderly and borrowing costs even more punative -- meaning lots
of collateral damage to those who otherwise can be protected
-- if there are runs on bank deposits or a revolt against austerity
-- all spoken in the passive voice. It isn't us who will beat you to the
ground a bloody pulp, it is Adam Smith's Invisible Hand - for them the
hand of god.
They also put their destructive policies and use of force
in passive terms:
"Banks are frantically shedding assets both to raise
cash and to ration their capital in order to meet European Union minimum
capital-adequacy targets by next June. "
What this really means is that banks, following Rothschild
policy, are calling in loans, creating this deliberate depression (whether
it qualifies as a recession or not -- since the financial sector makes
money on the bailout and quantative easing that is pumped to the financial
sector alone.)
The fact is that the euro and the domestic US dollar (which
must be viewed separatey from the expatriate dollar that remains the world's
reserve currency and circulates on an entirely different loop than the
domestic US dollar. The two money supplies (Euro and domestic American
dollar) are being contracted in tandem -- to conceal that is happening
from those used to gauging the health of one currency by its relationship
to the other.
" But businesses and householders at home will also
soon be hurt by scarcer credit and rising interest rates, as the banks'
higher funding costs are passed on."
The Economist talks about governments having to "cut
back," to "tighten their belts," in most cases
to increase "after elections" because to the Economist it is
a foregone conclusion that the elections will not end the austerity forced
on us by all this "lack of confidence" that is going around.
"France's budget plans are close to being agreed
on; further cuts are likely but will be delayed until after the elections
in spring. Italy has yet to vote through a much-revised package of cuts.
Spain's incoming government has promised further spending cuts, especially
in regional outlays, in order to meet deficit targets agreed with Brussels."
Notice the Rothschild owned Economist viewpoint here:
-
-
- "Even so, it seems plain that fiscal tightening
will weaken growth. Take the plans that countries presented to the European
Commission and add what has been advertised since, and the squeeze across
the euro area comes to around 1.25% of GDP next year, reckons Laurence
Boone, chief European economist at Bank of America. That alone is enough,
says Ms Boone, to chop around a percentage point off GDP growth in 2012.
Germany will be the least affected of the zone's four biggest economies,
followed by France. Spain and Italy will be hurt most. ... In September
the IMF forecast that the zone's GDP would grow by 1.1% in 2012 but estimated
that if European banks were deleveraging quickly (as they are now), the
economy could shrink by around 2%. . . . Investors will be even
less willing to finance banks, as more garden-variety loans to businesses
and householders turn bad. As unemployment rises, tax receipts will go
down and welfare payments up, making it harder for governments to rein
in their deficits and hit the targets they have set, and causing bond markets
to question their solvency more pointedly still."
-
- Notice, for them, in passive for-public-consumption voice,
these conditions "seem" to indicate a weakening of growth. They
wouldn't dare admit to knowing that production will contract, because then
one must ask, "When did you know, Mr. Rothschild? And knowing, what
did you do to stop it or to warn of it, Mr. Rothschild?"
-
But of course the "Julie Andrews model" of "confidence
in confidence" (as I call it) is the phony economic model -- the tea-leaf
reading of the effect of our spirits on those impersonal market forces
that Rothschilds always pretend to be reading, but never writing or dictating.
Hear the passive voice in this statement:
"The euro zone's businesses and consumers will be
drawn into the downward spiral of confidence. In the autumn of 2008 companies
learned that credit lines could not be relied on when banks were fighting
for survival. When banks are short of liquidity, firms have to watch their
own cashflow closely. That implies leaner stocks and reductions in discretionary
spending, such as capital projects "
There is no mention of the deliberate contraction of credit
to create world deflation to give the biggest creditors (Rothschild, Schiff,
Rockefeller, et al.) big windfall gains in the lump real-asset value of
the IOUs they hold. There is no analysis of the problem of net asset drain
resulting from a money supply entirly made up of bank credit loans that
Rothschild can order contracted at will. We sit at the gaming table thinking
it is a game of chance, when every throw of the dice or spin of the wheel
has a precise pre-arranged outcome -- but all we know about economics is
what we read in the Economist, or the Wall Street Journal, or Barons, or
Forbes or listen to on Bloomberg or all of those economy experts who make
their money selling advertizing to gold dealers.
Again, the Economist pretends to be reading the market
signs, just like you are me when we look at the sky and try to figure out
what the weather is going to be in the next few days.
"September's sharp decline in industrial orders is
an early sign that companies are cutting back. Andreas Willi, head of capital-goods
research at JPMorgan, notes that SKF, a Swedish firm that is the world's
largest maker of ball bearings and a bellwether of industrial demand, gave
analysts a cautious assessment of its future revenues in mid-October. That
guidance suggests a further softening of investment demand. Consumers are
also likely to defer big purchases as long as the crisis is unresolved
and credit is scarce."
As if the exact decline was not a result that was planned
for in the programming of this world-wide depression, this drying-up of
purchasing power (which is the true cause of the psychological and non-causal
by-product known as "loss of confidence" ) -- that was not
modeled with a very high degree of precision, weeks or months ago -- with
course corrections along the way, to be sure.
Of course in Julie Andrews world, booms too are caused
by "confidence" Are you not outraged that the Rothschilds who
control everything with absolutely corrupted absolute power turn things
around by blaming us for their increases or decreases of "confidence."
We did it. They merely exercised caution in response to our excesses, our
exuberance in the presence of purchasing power that only came for a short
while as international capital and then fled taking with it all the compound
interest it cost nations to have the use of it. Here is how the Economist
tells it:
-
- During the credit boom, cheap capital flowed into Greece,
Ireland, Portugal and Spain to finance trade deficits and housing booms.
As a result, the net foreign liabilities-what businesses, householders
and government owe to foreigners, less the foreign assets they own-of all
four are close to 100% of GDP. (By comparison, America's net foreign liabilities
are 17% of GDP.) Much of their debt is being financed by local bank borrowing
or bonds sold to investors in creditor countries, such as Germany. Ireland
is unusual in that a large chunk of what it owes is in the form of equity
(all those American-owned [ read "Jew-owned"] factories
and offices) and so does not need to be refinanced.
-
- Now the Economist sets up the reader for "the solution."
-
- But first in selling is to establish the need:
-
- With a few exceptions, the benchmark cost of credit in
each euro-zone country is related to the balance of its international debts.
Germany, which is owed more than it owes, still has low bond yields; Greece,
which is heavily in debt to foreigners, has a high cost of borrowing ...
The higher the cost of funding becomes, the more money flows out to foreigners
to service these debts. ... The euro zone is showing the symptoms of an
internal balance-of-payments crisis, with self-fulfilling runs on countries
... If a messy default is forced upon a euro-zone country, it might be
tempted to reinvent its own currency. Indeed, it may have little option.
That way, at least, it could write down the value of its private and public
debts, as well as cutting its wages and prices relative to those abroad,
improving its competitiveness. . . . Austerity, high unemployment, social
unrest, high borrowing costs and banking chaos seem likely either way.
. . . The prospect that one country might break its ties to the euro, voluntarily
or not, would cause widespread bank runs in other weak economies. Depositors
would rush to get their savings out of the country to pre-empt a forced
conversion to a new, weaker currency. Governments would have to impose
limits on bank withdrawals or close banks temporarily. Capital controls
and even travel restrictions would be needed to stanch the bleeding of
money from the economy. Such restrictions would slow the circulation of
money around the economy . . . External sources of credit would dry up
because foreign investors, banks and companies would fear that their money
would be trapped.
-
- Now the show them the "product:"
-
- "A government cut off from capital-market funding
would need to find other ways of bridging the gap between tax receipts
and public spending. It might meet part of its obligations, including public-sector
wages, by issuing small-denomination IOUs that could in turn be used to
buy goods and pay bills. . . . When cash is scarce, such scrip is
readily accepted by tradesmen. . . . In August 2001 the Argentine province
of Buenos Aires issued $90m of small bills, known as patacones, to employees
as part of their pay. The bills were soon circulating freely: McDonalds
even offered a "Patacombo" menu in exchange for a $5 pata c ón.
Argentina broke its supposedly irrevocable currency peg to the dollar a
few months later.
-
- I instantly recognize the rememdy the Rothschild-serving
IMF foisted on Argentia, a second rate currency prone to inflation
that the peons (and vestigial middle-class) can use -- in Argentina
it was called the "Argentino" -- in America a currency called
"the Amero" has long been waiting in the wings -- and Austrian
Economists and anarcho-capitalist and soi-disant libertarians have been
calling for repeal of legal tender laws and the enactment of "competing
currencies" with gold in the mix and a creditors right to demand in
contract that he be paid in gold, whereas wages and salaries and pensions
will be paid in the Amero. The unseen hand of the Rothschild, disguised
as Smiths invisible one, having written moves on and you and
I are powerless to cancel even half a line of this Rothschildian high comedy
with you and I mere clowns whose buffetings and bashings are viewed as
well deserved "They had it coming for being too ambitious" and
don't really matter.
-
- The two-tier currency idea is further developed:
-
- "Scrip of this kind becomes, in effect, a proto-currency.
In a stricken euro-zone country, it would change hands at a discount to
the remaining euros in circulation, foreshadowing the devaluation to come.
To pre-empt further capital outflows, a government would have to pass a
law swiftly to say all financial dealings would henceforth be carried out
in a new currency, at a one-for-one exchange rate with the euro. The new
currency would then "float" (ie, sink) to a lower level against
the abandoned euro. The size of that devaluation would be the extent of
the country's effective default against its creditors."
-
- Notice that the Euro is still there and debt is still
denominated in it. Thus the new second-class currency will fall against
it. And that fall will be measured -- and people earning the second-class
currency will have their debts adjusted to make sure the creditors are
not being "stiffed" by devaluation.
-
- Always the Rothschilds decide when to wield the
axe:
-
- ". . . the likeliest trigger for a disintegration
of the euro is unknowable. But there are plenty of candidates. One is a
failed bond auction that forces a country into default and sends a shock
wave through the European banking system. Italy has ¤33 billion
of debt coming due in the final week of January and a further ¤48
billion in the last week of February (see chart 3). Since bond investors
are turning their noses up even at offerings from thrifty Germany, the
odds against Italy's being able to raise the money it needs early next
year are uncomfortably short."
-
- "Another danger is a disagreement between Greece
and its trio of rescuers (the EU, the IMF and the ECB) over the conditions
of its bail-out. The risk of a mishap will be greater after the Greek elections
in February if the country's political mood sours yet further. Perhaps
the spark will come from another source: the bankruptcy of a bank; fresh
trouble in Portugal; or a chain of events that starts with France losing
its AAA rating and ends with runs on banks across Europe. The exposure
of French banks to Italy and to other countries that have been in bond
traders' sights for longer implies that contagion would quickly spread
to the euro's core (see chart 4). Widespread defaults in the periphery
would wipe out a big chunk of Germany's wealth and begin a chain of bank
failures that could turn recession into depression."
-
- "The few left in the euro (Germany and perhaps a
few other creditor countries) would be at a competitive disadvantage to
the new cheaper currencies on their doorstep. As well as imposing capital
controls, countries might retreat towards autarky, by raising retaliatory
tariffs. The survival of the European single market and of the EU itself
would then be under threat."
-
- And the axe will fall unless you do this:
-
- "Such a disaster can still be averted. The ECB might
launch a programme of bond-buying on the pretext that a deep recession
in the euro area threatens deflation. If done on the scale that the Bank
of England has undertaken, it could restore stability to Europe's panicky
bond markets. If bond purchases were made in proportion to the size of
each euro member's economy, that might go some way to overcoming German
misgivings that the central bank was being used to provide favourable financing
to profligate countries. . . . But any lasting stability for the euro must
lie with governments, particularly in the degree to which they are willing
to give up fiscal sovereignty in return for pooling liabilities. . . .
On November 23rd the European Commission laid out three approaches for
issuing Eurobonds, two of which imply mutual guarantees."
-
- And after this bond buying comes the debt-prison lockdown:
-
- " Germany's Council of Economic Experts recently
proposed a "European Redemption Pact". This scheme would place
the debt, in excess of 60% of GDP, of all euro-zone governments not already
in IMF rescue plans into a jointly guaranteed fund that would be paid off
over 25 years. Modelled in part on the federal government's assumption
of the debt of America's states begun by Alexander Hamilton in 1790, the
fund would provide joint liability for these debts under strict conditions.
These would require euro-zone countries to introduce debt brakes into their
constitutions, like the one Germany and Spain already have; give priority
to paying off the mutualised bonds; set aside a specific tax revenue to
do so; and pledge foreign-exchange reserves as collateral. At its peak,
the redemption pact would be huge: the joint liability would amount to
¤2.3 trillion. . . . time is running out. And the scale of
the impending catastrophe demands radical answers.
-
- So that is your future direct from the Rothschild's who
pretend they are reading tea-leaves when in fact the who thing has been
orchestrated to rob Europe blind -- or is it blind Europe robbed?
-
- All of which sheds light on the economic quack remedies
of Ron Paul:
-
- All of which is preface to the following critique of
Ron Paul's latest campaign policy statement "We know what to do":
-
- "We know what to do - we did it once after the Civil
War period, we went from a paper standard back to the gold standard, and
the event wasn't that dramatic. But today the big problem is that both
the conservatives and liberals have an big apetite for big government for
different reasons, therefore they need the Fed to tie them over and monetize
the debt. So if you don't get rid of that appetite it's going to be more
difficult, but the transition isn't that difficult. You have to get your
house in order; you have to balance the budget, you have to not run up
debt, and you have to promise not to print any more money... I would like
to have a transition period and just legalize gold money, gold and silver
as legal tender, and work our way back... We want to legalize the use of
gold and silver as the constitution dictates, rather than punishing the
people who try to do that... I am quite convinced that the system we have
will not be maintained - that's what these last 4 years was all about,
and that's what the turmoil in Europe is all about."
-
- Ron Paul is the man who also said:
-
- "Credit is too available -- too easily available
and that's part of the problem if not the major part of the problem and
it causes the business cycle. In a capitalistic society one should work
for subsistence and what's left over becomes capital and that's what theysave."
-
- I am a liberal, as were Thomas Jefferson, Thomas Paine,
James Madison. Ron Paul is a libertarian of the Austrian School monetary
persuasion. In other words, he is a Hamiltonian. Libertarians are the blood
enemy of populists. Populists do not believe in forcing our children into
austerity, into what Ron Paul calls "getting rid of our appetite"
for economic output, for what he and Malthus, Ricardo and Hamilton
and David Rockefeller want for us -- a subsistance income. (You must realize
that "subsistence" is a precisely defined and very well-known
technical term in economics. It means the minimum of necessities needed
to sustain a labor force including what it takes to keep our brats alive
so they can replace us in production when we drop. This "allowance"
will ensure that population does not exceed its bounds with unneeded extra
poor creating eyesores in the environment. etc. I am not kidding when I
tell you that Ron Paul's prescription comes from that school of thought,
the ideology of the the Rockellers and Rothschilds. You have no idea how
far they have taken this reasoning and how much further they are intent
on taking it. For example, we have been dumbed down and your initiative
has been robbed from you so that you can neither understand nor effectively
counter their moves against you. Not only are you going to be given inferior
money while they us gold -- they are taking the English language -- now
the lingua franca of trade and of science and making it the secret language
of the ruling elite -- while native speakers are being "de-Englished"
by a tower-of Babel" degradation of English through dumbdown education,
literature, media, entertainment -- so the once English speaking peoples
-- the commoners -- will be reduced to a pigeon hip-hop English that is
good for nothing but ordering drinks and picking up single mothers at bars.
While the elites will speak English as the esoteric language -- like Latin
in the dark ages was spoken only by the priests -- and the commoners who
became priests would be locked in monstaries, as often as not with a vow
of silence, as they transcribed books for the elites. This is coming back
again. You don't see it. But I do. And the best example of it is the Julie
Andrews economics of the Economist and the draught of poison disguised
as medicine that Dr. Ron Paul is pouring into your drink -- as if austerity
to pay our debt to Rothschild and submission to a gold standard where Rothschild
owns all the gold and lends it only at compound interest and controls the
price of it or as if competing currencies and the repeal of the legal tender
act to allow "competing currencies" and a "Eurobond"
and an "Amerobond" debt consolidation scheme with the turning
over of debt collection to international rather than national agencies
-- as if any of that is a good idea.
-
- Populists offer a different plan, one that is based on
a far more accurate and honest assessment of what is happening and who
is behind it.
-
- Yet no one but a few dozen people seem interested.
-
- You are so filled with the Sound of Music piped by Rothschild
mouthpieces that you cannot hear the man who wants to help you out of Rothschild
global debt-slave plantation.
-
-
- All Economist quotations from: http://www.economist.com/node/21540259
- Dick Eastman
-
- Yakima, Washington
-
-
- Dick Eastman's YouTube Videos...
-
- Kitson demolishes the lies by which usury attempts to
defend its plundering
- http://www.youtube.com/watch?v=SI7WRoc56Mw
-
- END DEBT SLAVERY NOW - American National Credit
- http://www.youtube.com/watch?v=p_wv4NTNrxU
-
- What every young citizen should know about the debt economy
- http://www.youtube.com/watch?v=zqoHZNIhLIk
-
Reading Hitler and Gottfried Feder - Why are we still
fighting for the wrong side?
http://www.youtube.com/watch?v=zqoHZNIhLIk
The economic problem is solved. The crimes have been solved.
The doom of the common man if he does not take steps to throw off the vampire
that holds him in a vice grip -- by uniting with each other in a common
understanding of the system that is killing us and the possible system
that can lift us from debt slavery into full-blossoming human utopian world
of brotherhood, beauty and goodness --- but what we must overcome is our
conditioned helplessness, our inability to stand up to evil, our servility
to wealth no matter how wicked and depraved the rich man may be.
I have broken with that servility and with the fear which
reinforces it. Will you?
I am one person, easily gotten rid of. But what I am can
be duplicated. If you read some of each of these books -- I myself have
only read parts of all of them - then you can replace me. But always remember
my greatest piece of advice, which I got from G K Chesterton: "Anything
worth doing is worth doing badly." Never let some one shut you up
because you do not understand this or that detail of the problem. No one
can master every detail in advance of engaging the monster. We haven't
the time. And if someone were to dedicate himself to being such a scholarly
bookworm -- he would lose his effectiveness as a man capable of interpreting
history as it unfolds, of taking events "on the fly."
If you understand what is in my videos -- within the grasp
of any adult -- you know enough to be a populist leader in our time --
because now is when you are needed.
Don't wait for the formally educated economists and political
scientists and literary commentators to save us. They are the
last people on earth capable of that.
And any economist who scoffs at what I tell my countrymen
here -- I invite him to defend his Austrian School or neoclassical school
or Keynesian school economics or his libertarian or progressive or conservative
social philosophy against that of this populist social creditors.
Dick Eastman
-
- Arthur Kitson
- The Money Problem
- http://www.yamaguchy.com/library/kitson/kitson_index.html
-
- The Fraudulent Standard
- http://www.yamaguchy.com/library/kitson/kitson_index.html
-
-
- Frederick Soddy
- Wealth, Virtual Wealth and Debt
- http://www.sdnl.nl/mistake.htm
-
- John A Hobson
- Underconsumption and a reply
- http://www.marxists.org/archive/hobson/1933/11/underconsum.htm
-
- Margit Kennedy
-
- Why Do We Need Monetary Innovation?
- http://www.margritkennedy.de/index.php?id=105&ord=56
- If Money Rules the World - Who Rules Money?
- http://www.margritkennedy.de/index.php?id=115&ord=57
-
-
- Eastman's Analysis is Easy to master -- two-loop explanation
of interest slavery and the social credit solution
- http://www.citizensamericaparty.org/socialcredit.htm
-
- American Social Credit -- written exposition with diagrams
- http://www.thespiritualun.org/socialcredit.htm
- Social Credit in Australia - a complete library
- http://www.alor.org/Library1.htm
-
-
- Social Credit in Canada - Louis Even
- http://www.michaeljournal.org/articles.htm
- Citizens' America Party
- http://www.CitizensAmericaParty.org
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