Is Obama a tool?
The first modern Great Depression was in 1873.
The second was in 1929. Some are calling this cycle we are in now as the third.
Read now this brief excerpt;
The stage was set by, or under, Richard Nixon for what we are experiencing now. Under his watch the shit economy blamed on Carter was bred. It was called The Nixon Shock.
http://en.wikipedia.org/wiki/Nixon_Shock
It created a economy that's value was based upon an agreement. Debt with no actual collateral. Fiat based currency the bankers call it.
Now, as spending by consumers is curtailed like never before we will enter into a financial tailspin the likes of which the world has never seen.
Hear me out;
' I've polled all my friends who own small businesses -- many of them in the Internet and high-tech fields. They all agree that in this new Obama world of high business taxes, income taxes, payroll taxes, capital gains taxes, and workers compensation taxes, the key to success is to avoid employees. The only way to survive as a business owner today is by keeping the payroll very low and by hiring only independent contractors or part-time employees provided by temp agencies.
The days of jobs in the private sector with big salaries, full benefits, and pensions are over. We've all seen where those kinds of jobs get you as a business owner -- in Bankruptcy Court or surviving on government welfare like GM and Chrysler. Or in the case of government itself -- completely insolvent, but surviving by ripping off taxpayers and fraudulently running printing presses at the Fed all day and night to print money by the trillions.
Unfortunately, small businesses don't have the power to impose taxes or print money. So unlike government, we'll just have to cut employees and run lean and mean. '
It gets worse. Two things are obvious; periodically the politicians and or bankers get together and decide to pull shenanigans with the coinage and we all get fucked.
Then comes war. The exploitation of 2012. A one world government.
Fifty or so years from now that NWO will collapse into civil war, with no doubt a Goldman Sachs funding all sides.
The point is, my version of anarchy, wherein we revolt and start over at least allows a chance for prosperity and real freedom. What we are being offered now is a continuing cycle of death, poverty and misery that is all planned, timed and coordinated.
The Minter
Once upon a time there was a kingdom.
The people were content with their crops and trade. The King paid his guards in good coin minted at the castle. They didn't go off to raid and pillage, just defended the kingdom and produced goods they traded. Then one day the King died and his son had to take over. The Prince had never known anything but peace and prosperity. He decided to let his cousin mint the coin and manage the transactions of the kingdom. After a generation the Minter informed the King that his coffers were empty and that an invading army threatened him with spies. The Minter agreed to loan the King some coin for mercenaries. Then he heard the crops had failed, the water was short, the people were sick. Once again The Minter offered coin and a small interest fee to solve these problems. The King saw no choice because he was told his kingdom was bankrupt without the control and intervention from the Minters.
Spies whispered to the King that the Minters were also loaning coin to the invading army as well. Then came the Black Death, and only The Minters in their fortresses in far away secured places survived, for a while until they too eventually died because the did not know how to grow crops.
http://tpmlivewire.talkingpointsmemo.co … -alone.php
http://www.lvrj.com/opinion/barack-obam … 58294.html
The first modern Great Depression was in 1873.
The second was in 1929. Some are calling this cycle we are in now as the third.
Read now this brief excerpt;
http://en.wikipedia.org/wiki/Great_depressionThere were multiple causes for the first downturn in 1929, including the structural weaknesses and specific events that turned it into a major depression and the way in which the downturn spread from country to country. In relation to the 1929 downturn, historians emphasize structural factors like massive bank failures and the stock market crash, while economists (such as Barry Eichengreen, Milton Friedman and Peter Temin) point to monetary factors such as actions by the US Federal Reserve that contracted the money supply, and Britain's decision to return to the Gold Standard at pre-World War I parities (US$4.86:£1).
By mid-1930, interest rates had dropped to low levels, but expected deflation and the reluctance of people to add new debt by borrowing, meant that consumer spending and investment were depressed.[12] In May 1930, automobile sales had declined to below the levels of 1928. Prices in general began to decline, although wages held steady in 1930; but then a deflationary spiral started in 1931. Conditions were worse in farming areas, where commodity prices plunged, and in mining and logging areas, where unemployment was high and there were few other jobs. The decline in the US economy was the factor that pulled down most other countries at first, then internal weaknesses or strengths in each country made conditions worse or better.
The stage was set by, or under, Richard Nixon for what we are experiencing now. Under his watch the shit economy blamed on Carter was bred. It was called The Nixon Shock.
http://en.wikipedia.org/wiki/Nixon_Shock
It created a economy that's value was based upon an agreement. Debt with no actual collateral. Fiat based currency the bankers call it.
Now, as spending by consumers is curtailed like never before we will enter into a financial tailspin the likes of which the world has never seen.
Hear me out;
' I've polled all my friends who own small businesses -- many of them in the Internet and high-tech fields. They all agree that in this new Obama world of high business taxes, income taxes, payroll taxes, capital gains taxes, and workers compensation taxes, the key to success is to avoid employees. The only way to survive as a business owner today is by keeping the payroll very low and by hiring only independent contractors or part-time employees provided by temp agencies.
The days of jobs in the private sector with big salaries, full benefits, and pensions are over. We've all seen where those kinds of jobs get you as a business owner -- in Bankruptcy Court or surviving on government welfare like GM and Chrysler. Or in the case of government itself -- completely insolvent, but surviving by ripping off taxpayers and fraudulently running printing presses at the Fed all day and night to print money by the trillions.
Unfortunately, small businesses don't have the power to impose taxes or print money. So unlike government, we'll just have to cut employees and run lean and mean. '
It gets worse. Two things are obvious; periodically the politicians and or bankers get together and decide to pull shenanigans with the coinage and we all get fucked.
Then comes war. The exploitation of 2012. A one world government.
Fifty or so years from now that NWO will collapse into civil war, with no doubt a Goldman Sachs funding all sides.
The point is, my version of anarchy, wherein we revolt and start over at least allows a chance for prosperity and real freedom. What we are being offered now is a continuing cycle of death, poverty and misery that is all planned, timed and coordinated.
The Minter
Once upon a time there was a kingdom.
The people were content with their crops and trade. The King paid his guards in good coin minted at the castle. They didn't go off to raid and pillage, just defended the kingdom and produced goods they traded. Then one day the King died and his son had to take over. The Prince had never known anything but peace and prosperity. He decided to let his cousin mint the coin and manage the transactions of the kingdom. After a generation the Minter informed the King that his coffers were empty and that an invading army threatened him with spies. The Minter agreed to loan the King some coin for mercenaries. Then he heard the crops had failed, the water was short, the people were sick. Once again The Minter offered coin and a small interest fee to solve these problems. The King saw no choice because he was told his kingdom was bankrupt without the control and intervention from the Minters.
Spies whispered to the King that the Minters were also loaning coin to the invading army as well. Then came the Black Death, and only The Minters in their fortresses in far away secured places survived, for a while until they too eventually died because the did not know how to grow crops.
http://tpmlivewire.talkingpointsmemo.co … -alone.php
http://www.lvrj.com/opinion/barack-obam … 58294.html
Last edited by ATG (2010-07-05 11:20:14)
