Thursday, July 24, 2008

a simple question and a simple answer

Here's a quote from Darryl Robert Schoon in Market Oracle -

"In but five decades, the US squandered not only its extraordinary patrimony (21,775 tons of gold), but the income and assets of future generations. Today US obligations, in excess of $70 trillion, are incapable of ever being paid back."

As I've said before, I have no time for impossible riddles. I view economics and monetarism as one of these riddles. Delving deeply into its intricacies will not lead anyone to enlightenment. The only way to get the true nature of the beast is to step back and ask simple questions.

The United States was the world's biggest economy. Its people all laboured mightily and produced untold amounts of everything - food, minerals, products and services. And yet inexplicably the whole enterprise seemed to go out backwards. Somehow all the labour and creativity of the American people left them worse off than when they started. Not only did they lose all that they possessed but they're now massively in hock. Does that make any sense at all?

If Americans had all sat on their arses doing nothing, I'd get it. But they didn't did they? They all worked like Trojans with only their lousy two weeks holiday a year. And now they're all in the hole. How the fuck does that work?

Obviously, labour and resources count for nothing in the face of the control of the notes of exchange. Forget all the gobbledegook, money is nothing more than a medium of exchange. In and of itself it's worthless - infinitely less useful than food, shelter, and tools. And yet magically everything is inverted. Bits of paper are all important and food and shelter has no value.

This is simple, simple stuff. As is the obviousness of the fact that the way things are currently arranged is bullshit. Monetarism is bullshit. It's a scam and we've all been had. Paying interest, which is to say more money, to those who already have all the money makes no sense. The rightness of our ancestors in viewing the usury of the goldsmiths as a sin, is made obvious once again. Clearly the whole system is fucked and there's only one thing for it. Burn it all down and start again.


Anonymous said...

Bravo, brother, Bravo!

Penny said...

It is in the process of being burned down, to start over again and John and Jane Doe are going to be the worse for it.
Those in power, will end up with even more.

I listened to an interview on Guns & Butter, ever hear of that show?
It's free. Radio KPFA.
Btw; guns and butter means this:

"the guns versus butter model is the classic example of the production possibility frontier. It models the relationship between a nation's investment in defense and civilian goods. In this model, a nation has to choose between two options when spending its finite resources. It can buy either guns or butter, or a combination of both. This can be seen as an analogy for choices between defense and civilian spending in more complex economies."

In case anyone wonders?

Anyway, they were interviewing this guy Loren Goldner, on the article:

Fictitious Capital, Real Retrogression

go to this page there is tons of stuff written by this man
more along the line of fictitious capital.
I think you will all find this interesting, or maybe I am wrong, who the heck knows, but, that is not stopping me is it? lol

The interview is here:

Sorry, I don't know how to tag this.

Anyway, he talks about the bringing down of the economy as a necessity.
And the wars abroad as a means of running away from domestic issues, and of course distraction from.
And, much much more.

Magdelena said...

I must admit a guilty pleasure, i love Terry Pratchett books. His satire is sharp and bang on. His latest, Making Money, addresses the role of paper money and how truly useless it is. He also demonstrates how easy it was to fool the entire populace into taking out 'loans' of this new money.. with interest of course. It's all there - priceless wit, mirroring our own dilemma vis a vis this worthless paper (or plastic- for you aussies) money.

given your sense of humour nobody, I think you might like him.

Oh and I agree it's all a super duper scam!


Anonymous said...

""I believe this decision to delay WW III until 2009 is part of a strategy formulated most likely by the powerful Bilderberg Society Steering Committee even prior to their most recent meeting in Chantilly Virginia. The Steering Committee decides the agenda before the annual meetings at which the attendees discuss selected issues until they reach a consensus. The Bilderberg Society represents the interests of the Rockefellers, the Rothschilds, the largest international banks, select law firms, a handful of career central bankers, diplomats and the politicians the Society trusts to do their will. Paul Wolfowitz, Ben Bernanke, Henry Kissinger, Hillary Clinton, Tony Blair and Prime Minister Harper of Canada are Bilderbergers.

The top 300 banks launder 500 billion dollars a year in political bribes. They also launder over a trillion dollars a year in drug money and about 400 billion dollars a year in illegal weapons. They and their friends are also allowed to steal an estimated 200 billion dollars a year from unaudited federal government contracts. No American politician of note has claimed the right to demand the books be audited to save the taxpayers some 4 billion dollars a week""

Anonymous said...

Will this unify us all mentally and spiritually . . . at least to keep HER hand off the nuke?

Top lawyer plans to sue Bush over Iran threats
Submitted by Editor on Wed, 23/07/2008 - 4:11pm. World News
Chris Gelken - Tehran, Iran

Plucky attorney: Francis A. BoyleAn American lawyer has sensationally offered to represent Iran in an international lawsuit against Israel and his own government in an effort to stop Washington and Tel Aviv from waging war against Tehran.

Francis A. Boyle says following Washington's latest ultimatum to Tehran to freeze uranium enrichment within two weeks or face further isolation, Iran needs to act quickly.

Anonymous said...


Some “Samson Option” threats seem to be directed against nations which have not attacked Israel. Ariel Sharon has said: "We are much more important than (Americans) think. We can take the middle east with us whenever we go."[24] and "No longer 'Masada Option' - now 'Samson Option.’”[25] A “former Israeli govt official” with “first hand knowledge of his government’s nuclear weapons program” told Seymour Hersh: “You Americans screwed us” for not supporting Israel in its 1956 war with Egypt. “We can still remember the smell of Auschwitz and Treblinka. Next time we’ll take all of you with us.”[26]

Anonymous said...

American supporters of Israel were delighted to learn that an Israeli company, Magal Security Systems-owned in part by the government of Israel-is in charge of security for the most sensitive nuclear power and weapons storage facilities in the United States.

Anonymous said...

Still illegal
Four years on, Palestinians still demand that the World Court's ruling on Israel's apartheid wall be implemented
Khaled Amayreh

kikz said...

damn shame we must repeat this lesson (among many others) over and over...

Anonymous said...

Bravo indeed! Very short post, yet says everything needed.

If the Americans cannot succeed in this system, then who can? Only the globalist joos[sic] can.

nobody said...

Thanks folks,

How busy anon was there. Still I'll go check them out. The ones that weren't cut off that is.