tag:blogger.com,1999:blog-31655026.post586560749561550728..comments2024-03-29T09:51:23.874+00:00Comments on nourishing obscurity: [government backed notes] starting nowJames Highamhttp://www.blogger.com/profile/14525082702330365464noreply@blogger.comBlogger12125tag:blogger.com,1999:blog-31655026.post-47359533816358445722009-08-01T21:50:28.672+01:002009-08-01T21:50:28.672+01:00Aye, we are.Aye, we are.James Highamhttps://www.blogger.com/profile/14525082702330365464noreply@blogger.comtag:blogger.com,1999:blog-31655026.post-40702215732054531932009-08-01T21:39:27.796+01:002009-08-01T21:39:27.796+01:00We seem to be in the position of mice petitioning ...We seem to be in the position of mice petitioning the cat to bell itself.Sackersonhttps://www.blogger.com/profile/09410040031410954403noreply@blogger.comtag:blogger.com,1999:blog-31655026.post-41799078309095446472009-07-29T17:24:27.151+01:002009-07-29T17:24:27.151+01:00"I suspect you are wrong about the conspiracy..."I suspect you are wrong about the conspiracy angle, if nothing else." <br /><br />We're still getting this from people, despite the mass of material on this site alone, thanks to Anon, Sonus and other contributors, supplying links and data.<br /><br />The problem now is that there is so much evidence that people are turning off, rather than reading it.James Highamhttps://www.blogger.com/profile/14525082702330365464noreply@blogger.comtag:blogger.com,1999:blog-31655026.post-67978977650212502232009-07-29T16:04:39.270+01:002009-07-29T16:04:39.270+01:00both fascist and communist systems are “based on n...<a href="http://www.marketoracle.co.uk/Article12363.html" rel="nofollow">both fascist and communist systems are “based on naked, unfettered political power and individual coercion. Both systems require monopoly control of society. While monopoly control of industries was once the objective of J.P. Morgan and J.D. Rockefeller, by the late nineteenth century the inner sanctums of Wall Street understood that the most efficient way to gain an unchallenged monopoly was to ‘go political’ and make society go to work for the monopolists,” and that, “the totalitarian socialist state is a perfect captive market for monopoly capitalists, if an alliance can be made with the socialist power brokers.”[15] Thus, the major money powers of the west decided to put their money behind the creation of a totalitarian communist state in Russia, in order to create a captive economy, which they could exploit and remove from competition.</a>Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-31655026.post-20106491777646185352009-07-29T12:19:53.658+01:002009-07-29T12:19:53.658+01:00Prime conspirator speaks economic nonsense<a href="http://jessescrossroadscafe.blogspot.com/2009/07/janet-yellen-channels-ronald-reagan.html" rel="nofollow">Prime conspirator speaks economic nonsense</a>Sonusnoreply@blogger.comtag:blogger.com,1999:blog-31655026.post-51280291027765900472009-07-29T12:07:32.144+01:002009-07-29T12:07:32.144+01:00When does collusion become a conspiracy?
I dealt ...When does collusion become a conspiracy?<br /><br />I dealt with that question in an earlier article.<br /><br /><a href="http://www.zerohedge.com/sites/default/files/SilverETFs_1_PDF.pdf" rel="nofollow">Here is an article</a> that deals with part of the conspiracy, - a small part, as the total conspiracy is greater than the sum of the parts.<br /><br />I note that the holders of these etfs, JPM and HSBC are the bullion banks consistently holding massive short positions in the precious metals as part of the taxpayer funded precious metals suppression.<br /><br /><a href="http://www.gata.org/node/7586" rel="nofollow">This article explains the mechanism in detail</a><br /><br /><a href="http://www.marketoracle.co.uk/Article12340.html" rel="nofollow">Recently Bernanke was questioned under oath concerning currency swaps and "coincidental" fluctuations in the $ index. He lied, - naturally</a><br /><br /><b>I tend to think this beast is the product of an evolution of good and bad motives and needs--many of each--and the result is not of one design.</b><br /><br />True, the conspiracy, or the economic results of the conspiracy, are out of control. The conspirators problem is that a hard core of the public have realised their game plan.<br /><br />The entire plan was/is based on economic nonsense, as Bob has pointed out. The fact is that the entire whorehouse will ultimately come tumbling down.<br /><br /><a href="http://www.bloombergnews.com/apps/news?pid=20601213&sid=arz6MqVbTVBs" rel="nofollow">Mainstream financials now recognise the conspiracy</a><br /><br />In concert with <a href="http://www.gata.org/node/7597" rel="nofollow">Others</a>, that tumble may be soon, and rapid <a href="http://www.dollarcollapse.com/iNP/view.asp?ID=102" rel="nofollow">as explained here</a>, or slow and controlled.<br /><br />Either way, without more currency swaps, the Fed exhausts current supplies in October of this year!Sonusnoreply@blogger.comtag:blogger.com,1999:blog-31655026.post-34747107582094015272009-07-28T22:16:11.317+01:002009-07-28T22:16:11.317+01:00Macroeconomic theory is tough stuff for those unfa...Macroeconomic theory is tough stuff for those unfamiliar with a daunting literature going back at least to Keynes's General Theory of Employment, Interest and Money (1936). Try Nobel laureate Paul Krugman on macroeconomics:<br /><br />"In a recent lecture, Paul Krugman, winner of the Nobel prize in economics in 2008, argued that much of the past 30 years of macroeconomics was 'spectacularly useless at best, and positively harmful at worst.'"<br />http://www.economist.com/printedition/displayStory.cfm?Story_ID=14031376<br /><br />A thought about macroeconomics<br />http://krugman.blogs.nytimes.com/2009/06/26/a-thought-about-macroeconomics/<br /><br />THERE'S SOMETHING ABOUT MACRO <br />http://web.mit.edu/krugman/www/islm.htmlBob Bnoreply@blogger.comtag:blogger.com,1999:blog-31655026.post-82679696865523609042009-07-28T22:05:27.002+01:002009-07-28T22:05:27.002+01:00Good stuff.
I fear people are a bit fazed by this...Good stuff.<br /><br />I fear people are a bit fazed by this eco stuff so I'll give it a rest for a few days now.James Highamhttps://www.blogger.com/profile/14525082702330365464noreply@blogger.comtag:blogger.com,1999:blog-31655026.post-83104764274985457022009-07-28T21:31:42.233+01:002009-07-28T21:31:42.233+01:00Try this news report from March 2003 on: "Hou...Try this news report from March 2003 on: "House-price 'bubble' [in Britain] may devastate economy - IMF"<br />http://www.independent.co.uk/news/business/news/houseprice-bubble-may-devastate-economy--imf-599409.html<br /><br />And this back in 2002 about the house-price bubble:<br /><br />"CHARLES GOODHART, a former member of the Bank of England's monetary policy committee [and economics prof at the LSE], warned yesterday that the Bank is failing to take sufficient account of the house price boom in setting interest rates.<br /><br />"His warning comes amid growing fears among economists that house prices, fuelled by the lowest interest rates for 38 years, are getting out of control. Yesterday, new figures showed that homeowners are borrowing record amounts against the rising value of their homes. . . "<br />http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2002/04/06/cngood06.xml<br /><br />If only we had taken heed of this warning in 2003 about derivatives from Warren Buffett:<br /><br />"The rapidly growing trade in derivatives poses a 'mega-catastrophic risk' for the economy and most shares are still 'too expensive', legendary investor Warren Buffett has warned." <br />http://news.bbc.co.uk/1/hi/business/2817995.stm<br /><br />And what did Gordon Brown do about it?Bob Bnoreply@blogger.comtag:blogger.com,1999:blog-31655026.post-67252372146732681842009-07-28T21:09:50.473+01:002009-07-28T21:09:50.473+01:00For the mainstream, try these links:
http://www.e...For the mainstream, try these links:<br /><br />http://www.economist.com/printedition/displaystory.cfm?story_id=14030288<br /><br />http://www.economist.com/printedition/displaystory.cfm?story_id=14030296<br /><br />There's also a good editorial in Tuesday's FT:<br />www.ft.com/cms/s/0/530b042c-7adf-11de-8c34-00144feabdc0.htmlBob Bnoreply@blogger.comtag:blogger.com,1999:blog-31655026.post-28342287816948420432009-07-28T17:11:26.717+01:002009-07-28T17:11:26.717+01:00There's no conspiracy - you're right.
Col...There's no conspiracy - you're right.<br /><br />Collusion, on the other hand, between the central banks has long been a given - that's just the nature of banking itself - what banks do as part of their normal business. And that's what the Fed actually is - 12 private banks and naturally ... they collude.<br /><br />The only question is if that collusion is good or bad.<br /><br />Biddle's and all the other quotes in the three posts show it to have been bad.<br /><br />Presidents, congressmen, commentators and economists are at one on this. I think I'm inclined to accept what they say.<br /><br />The remaining question is what can be done to stop them.<br /><br />The issuing of debt-free notes seems the best way of doing that.James Highamhttps://www.blogger.com/profile/14525082702330365464noreply@blogger.comtag:blogger.com,1999:blog-31655026.post-48964382467950493522009-07-28T16:56:21.787+01:002009-07-28T16:56:21.787+01:00I suspect you are wrong about the conspiracy angle...I suspect you are wrong about the conspiracy angle, if nothing else. <br />I take seriously your maxim that there are no experts, but what you are claiming is that there are in fact a few--ones that are manipulating economic cycles to their profit by stripping we rubes of ours in a plan that is brilliant and diobolical. If someone was that good I would hire them to run the system. <br /><br />I tend to think this beast is the product of an evolution of good and bad motives and needs--many of each--and the result is not of one design. Some people are a lot better at riding that critter than others. All we can be certain of is that the mixing of wine and sewage does not result in wine. <br /><br />It is also unclear to me what the difference is between wealthy individuals or banks manipulating events, and a government or cabal of governments, or the former doing it through the latter. <br />Modern governments are more powerful than they have ever been, and can be counted on to project their own propagation, not the citizens interest which you have at heart. It is hard to see the organizing of abstinence in a whorehouse. <br />I am not helpful.xlbrlhttps://www.blogger.com/profile/01931950075332608449noreply@blogger.com