30 Aug 2011
Greenspan says it like it is.
"US Can Pay Any Debt It Has Because It Can Print Money To Pay It" The world watches open mouthed as the USA fumbles and now openly clarifies the fact that "the dollar is the rest of the worlds problem" given the wanton abuse by that privileged nation of what had become the world reserve currency. Who now disagrees with China's calls that an alternative world reserve or regional reserves need to be established.
TheNewAmerican.com reports... The Former Federal Reserve boss Alan Greenspan (left) made headlines this week when he said gold is indeed a currency and noted that the euro was falling apart, contradicting top officials on both sides of the Atlantic. “Gold, unlike all other commodities, is a currency,” he told attendees at a conference in Washington D.C. on August 23, saying he did not think the precious metal was in a bubble despite recently reaching a new record above $1900. And a flight to safety amid inflation fears is what’s causing soaring gold prices.
“The major thrust in the demand for gold is not for jewelry,” Greenspan explained. “It’s not for anything other than an escape from what is perceived to be a fiat money system, paper money, that seems to be deteriorating.”
While it is well known that the fiat U.S. dollar is under increasing pressure following years of extreme “quantitative easing,” the former central banker said the European single currency was also in big trouble. And the effects will be felt far beyond Europe.
“The euro is breaking down and the process of its breaking down is creating very considerable difficulties in the European banking system,” said Greenspan, speaking at the Innovation Nation Forum hosted by an outfit described on its website as “one big Government IT community.”
He also said a breakup of the euro was “obviously” a possibility. And the monetary and banking woes are actually raising fundamental questions about the nature of Europe’s currency experiment itself.
“The problem is that there is a growing cleavage in the economic and analytical and banking circles as to whether the euro, which is the crucial issue here, should be 17 countries,” he said, citing widely varying beliefs among the different nations in terms of the role of government, inflation, and other cultural issues.
As The New American recently reported, the European Central Bank is now printing even more money to buy government debt. Floundering regimes from Spain and Italy to Ireland and Portugal are struggling to stay afloat as the ECB and the EU frantically seek to prop them up.
A default by the socialist government ruling Greece is almost inevitable at this point, with European governments rushing to unload onto taxpayers the bad debt held by banks. And according to Greenspan, the problems swamping Europe are hurting the U.S. economy — and they could even lead to another American recession.
“The reason we are so sluggish is the level of uncertainty,” he explained. "The general feeling out there is of a lull before the storm." (click here for the full story)
“The major thrust in the demand for gold is not for jewelry,” Greenspan explained. “It’s not for anything other than an escape from what is perceived to be a fiat money system, paper money, that seems to be deteriorating.”
While it is well known that the fiat U.S. dollar is under increasing pressure following years of extreme “quantitative easing,” the former central banker said the European single currency was also in big trouble. And the effects will be felt far beyond Europe.
“The euro is breaking down and the process of its breaking down is creating very considerable difficulties in the European banking system,” said Greenspan, speaking at the Innovation Nation Forum hosted by an outfit described on its website as “one big Government IT community.”
He also said a breakup of the euro was “obviously” a possibility. And the monetary and banking woes are actually raising fundamental questions about the nature of Europe’s currency experiment itself.
“The problem is that there is a growing cleavage in the economic and analytical and banking circles as to whether the euro, which is the crucial issue here, should be 17 countries,” he said, citing widely varying beliefs among the different nations in terms of the role of government, inflation, and other cultural issues.
As The New American recently reported, the European Central Bank is now printing even more money to buy government debt. Floundering regimes from Spain and Italy to Ireland and Portugal are struggling to stay afloat as the ECB and the EU frantically seek to prop them up.
A default by the socialist government ruling Greece is almost inevitable at this point, with European governments rushing to unload onto taxpayers the bad debt held by banks. And according to Greenspan, the problems swamping Europe are hurting the U.S. economy — and they could even lead to another American recession.
“The reason we are so sluggish is the level of uncertainty,” he explained. "The general feeling out there is of a lull before the storm." (click here for the full story)
29 Aug 2011
26 Aug 2011
EU Disintegration, GREECE
Greece Raped by Goldman Sachs and Friends.
Max has a talent for clarification of the financial situation. Whilst most people even in the financial circles that I have spoken with have only vague notions as to what is transpiring. Greece is no different to the UK in reality. The crucial difference is that Greece does not have the facility to print more funny (fiat) money. We in the UK have not stopped devaluing our currency by massive printing since the depression hit home in 2007. How convenient it would be if we could all pay our debts by printing money to pay them and how immoral and foolish?
Max has a talent for clarification of the financial situation. Whilst most people even in the financial circles that I have spoken with have only vague notions as to what is transpiring. Greece is no different to the UK in reality. The crucial difference is that Greece does not have the facility to print more funny (fiat) money. We in the UK have not stopped devaluing our currency by massive printing since the depression hit home in 2007. How convenient it would be if we could all pay our debts by printing money to pay them and how immoral and foolish?
Get this straight, the fraud committed in Greece by the bankers in collusion with the government is mirrored all over Europe. Governments everywhere are putting the interests of corrupt private banks over the interests of their own people. The UK, Germany, France, Italy, Spain, etc. are all in the same boat, including the USA.
23 Aug 2011
20 Aug 2011
Global Financial Catastrophe Clarified
Alex Jones interview with Max. Be prepared. Protect yourselves. We are facing a recession within the Great depression. “it is exellerating… growth in reverse.. people revolting UK and around the world… GLOBAL DEBT SATURATION… repo105 SHADOW BANKING, the police state, 0% interest = QE infinity, people getting screwed with debts they did not make and more.
16 Aug 2011
40 years after Nixon
Jim Rickards
the Euro Gold Standard
Jim discusses the economic connection between Italy and France and goes on to say that he is bullish on the Euro only because they have the second largest amount of gold behind the U.S. Jim Rickards "I don’t understand why the countries are being held hostage by the banks. I think they should turn that around… because nationalism and the people come first... PUT IT ON THE BOND HOLDERS NOT THE AVERAGE CITIZENS." Rickards holds his ground and does a nice job of using history as a reference on how the same mistakes will be made once again, much to the hosts dismay.
the Euro Gold Standard
Jim discusses the economic connection between Italy and France and goes on to say that he is bullish on the Euro only because they have the second largest amount of gold behind the U.S. Jim Rickards "I don’t understand why the countries are being held hostage by the banks. I think they should turn that around… because nationalism and the people come first... PUT IT ON THE BOND HOLDERS NOT THE AVERAGE CITIZENS." Rickards holds his ground and does a nice job of using history as a reference on how the same mistakes will be made once again, much to the hosts dismay.
NO Nuclear Weapons, Ahmadinejad
Speaking exclusively with RT, the Iranian President has pointed out that the 21st century is about knowledge, while nukes are the means of the past. He also discussed the “Arab Spring” and Iran’s place in international relations.
If our UK or the US governments dare to attack this man's country and we do not stop it. We are all damned. The Iranian President represents his nation with true statesmanship and has gone to great lengths here to clarify his countrys neutrality and "LOVE" for all the people of the world.
This time the UK should not join the USA if they dare to attack Iran. We should stand in their way. Our WW2 debt was paid long ago and Iranians are peace loving people. So are we.
If our UK or the US governments dare to attack this man's country and we do not stop it. We are all damned. The Iranian President represents his nation with true statesmanship and has gone to great lengths here to clarify his countrys neutrality and "LOVE" for all the people of the world.
Seems that the US military leviathan is itching to destroy the infrastructure of another non-threatening nation for the sake of something to do and for the benefit of other assholes to rebuild the ruins and take, take, take.
14 Aug 2011
13 Aug 2011
12 Aug 2011
UK Politics. An Inconvenient Truth
Great men have been rightfully afraid to proclaim this sort of information. President Kennedy, Hugo Salinas Price, yet they stand and sometimes pay the price and as we have seen so do nations that dare to stand in the way of the money machine. Just like the Third Reich, for the people, hindsight is 20/20 vision, the insiders must stand up.
Frankly, the banks run the main political groups in Bristol City. You know I have some authority on this matter having stood for local election as an independent and as a conservative, as a local resident. I can only speculate as to how magnified this banker occupation is in our capital London. The evidence shows that their control is complete.
Seeing as 'with hindsight' this unholy alliance gave the banksters the power to rape our nation, things seem a little different now wouldn't you say? Since the great depression of the new millennium began in ernest in 2007 we have been led like lambs to the slaughter by the very perpetrators of the event.
We have been waiting for solutions from the very people who brought this calamity upon us. We have made public, private banking debts we did not earn. The debts are not ours and yet the presstitute main stream media is feeding us the line that we are responsible.
Book up people, look to the ones using common sense in Iceland, now recovering nicely and prosecuting the banksters responsible. Wake Up to GIABO!!! It's time to flush out the banking turds that have been responsible for the wholesale destruction of the middle class around the world. We are not banker bashing. We just want them to swallow their own mistakes like everyone else so that society can figure where it is and get started again. Let them fall and expose the toxicity now so that we can be confident in what we are doing going forward. Let the negligence be exposed so that we may guard against it for the future.
It seems to me that we have replaced monarchs with banksters on a new road to serfdom. The longer we sit and watch them print more and more "digital money that isn't worth the paper it is no longer even printed on"(Celente) the greater the problem/situation becomes. “If The Social Contract Is Broken, The People Must Revolt”(Locke). Book up. Off with their heads!
I do not feel that there is a need to make accusations or point the finger at individuals. It is simply that it has transpired as we can all see, that they have used their controlling influence to rape our nation. It went unreported. We knew the banks had this influence, but did not think it was an important consideration at the time.
Seeing as 'with hindsight' this unholy alliance gave the banksters the power to rape our nation, things seem a little different now wouldn't you say? Since the great depression of the new millennium began in ernest in 2007 we have been led like lambs to the slaughter by the very perpetrators of the event.
We have been waiting for solutions from the very people who brought this calamity upon us. We have made public, private banking debts we did not earn. The debts are not ours and yet the presstitute main stream media is feeding us the line that we are responsible.
Book up people, look to the ones using common sense in Iceland, now recovering nicely and prosecuting the banksters responsible. Wake Up to GIABO!!! It's time to flush out the banking turds that have been responsible for the wholesale destruction of the middle class around the world. We are not banker bashing. We just want them to swallow their own mistakes like everyone else so that society can figure where it is and get started again. Let them fall and expose the toxicity now so that we can be confident in what we are doing going forward. Let the negligence be exposed so that we may guard against it for the future. It seems to me that we have replaced monarchs with banksters on a new road to serfdom. The longer we sit and watch them print more and more "digital money that isn't worth the paper it is no longer even printed on"(Celente) the greater the problem/situation becomes. “If The Social Contract Is Broken, The People Must Revolt”(Locke). Book up. Off with their heads!
11 Aug 2011
The UK Riots
Martin Luther King Jnr. said, "But in the final analysis, a riot is the language of the unheard."
The people of the world need leadership today. Sadly they have mostly been rendered "sheeple". Blinded by the lights due the delusion through the smoke and mist of misinformation that has become the norm.
We support the rioters rights to live in a society that does not trap them in perpetual poverty. We believe that the rebel youth are a product of our sick society the short-sightedness shown until this point by our leaders and role models and that it will ultimately lead to revolution throughout Europe if not the world. We need to be asking the hard questions right now.
The people/youth see that the banksters were bailed out 3 years ago and far from helping the situation, it has been made worse and with no end in sight and their private debts (unlike any other business) have been transferred to them whilst the banksters reward themselves with billions we and our children will still be paying for. You do not have to be a weather man to know that the wind is blowing.
The powers that be will fall back on martial law and we will be living in a debt slavery police state gulag if those intelligent enough to organize against this continued farce are not willing to join to spearhead the intelligent response.
The size of and regionality of the UK has its advantages. I say that there have been several enormous disadvantages.
Look to Iceland. How many have noticed that the small tight community of Iceland thought its population intelligent enough to vote on such an issue as making huge private banking debts public? Guess what, the people voted NO! TWICE! Guess what else after the jokes that call themselves rating agencies (really part of the banking industry self regulating) downgraded Iceland for behaving like a free market, two years later are forced to upgrade them again because... Having used common sense, they have quickly recovered. Whilst the rest of the world flounders and slowly suffocates.
Our rights have been decimated. The power of corporate lobbying has distorted our experiment with "democracy", just look at the USA or the UK. Indeed we have a crony debtocracies at best. Society has declined to the extent that the vast majority are debt slaves to the tiny minority and this wide gap has accelerated.
What to do? We find a mechanism for stability. But first we must let a failing system fail. We must liquidate the failed banks, expose all toxicity in the market and then start again from scratch with sound policies based on sound money principles in the spirit of 1776.
The American revolutionaries realised that to escape perpetual debt from their English overlords, it was necessary to have a form of currency that was commodity based (i.e. had intrinsic value as opposed to the electronic money given to the banksters for our perpetual servitude that is not worth the paper it is no longer even printed on and is born with interest attached). Through history we have found gold and silver have played this roll, governments can not debase them by printing more and so the people are protected by having them as a store for their wealth against government money printing inflation.
I have posted many links to interesting, revealing sights and alternative news on people-i.blogspot.com click any text to link. I have included some mad and some fun links to lighten these heavy considerations.
In the UK, I back Max Keiser's call for a mass demo to refuse to pay the BBC license fee for their terrible partisan line on all news and failing to properly report the financial crisis and the ongoing issues. By mass peaceful public demonstration.
Update 15th August: Thank you Max Keiser and Stacy Herbert.
The people of the world need leadership today. Sadly they have mostly been rendered "sheeple". Blinded by the lights due the delusion through the smoke and mist of misinformation that has become the norm. We support the rioters rights to live in a society that does not trap them in perpetual poverty. We believe that the rebel youth are a product of our sick society the short-sightedness shown until this point by our leaders and role models and that it will ultimately lead to revolution throughout Europe if not the world. We need to be asking the hard questions right now.
The people/youth see that the banksters were bailed out 3 years ago and far from helping the situation, it has been made worse and with no end in sight and their private debts (unlike any other business) have been transferred to them whilst the banksters reward themselves with billions we and our children will still be paying for. You do not have to be a weather man to know that the wind is blowing.
The powers that be will fall back on martial law and we will be living in a debt slavery police state gulag if those intelligent enough to organize against this continued farce are not willing to join to spearhead the intelligent response.
The size of and regionality of the UK has its advantages. I say that there have been several enormous disadvantages.
Look to Iceland. How many have noticed that the small tight community of Iceland thought its population intelligent enough to vote on such an issue as making huge private banking debts public? Guess what, the people voted NO! TWICE! Guess what else after the jokes that call themselves rating agencies (really part of the banking industry self regulating) downgraded Iceland for behaving like a free market, two years later are forced to upgrade them again because... Having used common sense, they have quickly recovered. Whilst the rest of the world flounders and slowly suffocates.
Our rights have been decimated. The power of corporate lobbying has distorted our experiment with "democracy", just look at the USA or the UK. Indeed we have a crony debtocracies at best. Society has declined to the extent that the vast majority are debt slaves to the tiny minority and this wide gap has accelerated.
What to do? We find a mechanism for stability. But first we must let a failing system fail. We must liquidate the failed banks, expose all toxicity in the market and then start again from scratch with sound policies based on sound money principles in the spirit of 1776.
The American revolutionaries realised that to escape perpetual debt from their English overlords, it was necessary to have a form of currency that was commodity based (i.e. had intrinsic value as opposed to the electronic money given to the banksters for our perpetual servitude that is not worth the paper it is no longer even printed on and is born with interest attached). Through history we have found gold and silver have played this roll, governments can not debase them by printing more and so the people are protected by having them as a store for their wealth against government money printing inflation.
I have posted many links to interesting, revealing sights and alternative news on people-i.blogspot.com click any text to link. I have included some mad and some fun links to lighten these heavy considerations.
In the UK, I back Max Keiser's call for a mass demo to refuse to pay the BBC license fee for their terrible partisan line on all news and failing to properly report the financial crisis and the ongoing issues. By mass peaceful public demonstration.
Update 15th August: Thank you Max Keiser and Stacy Herbert.
9 Aug 2011
8 Aug 2011
From Brown's Bottom to $20,000
(click to watch) "If you know how the world financial system works, you know the game that you are playing. And if you don't know the game -- and the rules that we're playing by -- you are going to get slaughtered." Says the author of the Guide to Investing in Gold and Silver, Mike Maloney.
With headlines like,"Chavez demand for 200 tones of physical is a game-changer and I’ve accelerated my timeline for $2,100 Gold. Naked Gold shorts are going to get creamed!!!" in the free press and Mike Maloney being right on the money so far, a must watch. As usual little in the mainstream media and poor quality.
Here comes another winter, of long shadows and high hopes, Here comes another winter, waitin for utopia, waitin for hell to freeze over.
But the stains on the heartland, can never be removed, from this country, that’s sick, sad, and confused.
(Repeat and fade.)