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Big Mike Breaks the Deficit Down
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Big Mike Breaks the Deficit Down
Big Mike Breaks the Deficit Down
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| Laboryes |
Posted: Sun Apr 17, 2011 3:05 am
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Joined: 29 Jan 2006 Posts: 1967 |
Heard about that whole budget crisis that nearly shut down the government? Confusing? Not so much. Big Mike breaks it down for ya.
Big Mike Breaks the Deficit Down _________________ "When people refuse to obey, then democracy comes alive." Howard Zinn |
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| SharynS |
Posted: Sun Apr 17, 2011 9:39 pm
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Joined: 28 Jan 2006 Posts: 2939 Location: the 'puter |
...tax cuts for the wealthiest... more than 1000 times greater than the cost of planned parenthood.. - not that confusing after all.
_________________ Free speech is the whole thing, the whole ball game. Free speech is life itself. - Salman Rushdie |
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| Rose Knows |
Posted: Mon Apr 18, 2011 2:35 pm
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Joined: 16 Nov 2009 Posts: 310 |
THE U.S. IS A PAPER TIGER
We are witnessing a dress rehearsal for the 2012 election. Battle lines are being drawn on fiscal and ideological grounds as debate rages over planned parenthood. All of this while we approach insolvency. The inabilty of our leaders to agree on the smallest of issues is reminisent of the decline of the Roman empire giving out bread and circus to the people instead of real leadership. This is because our leaders are not incharge. They are just paper tigers. Front men for who is really in charge. They set the stage for our real masters who are unelected but have the power to get anybody elected who will do there bidding and take the fall if need be. The revenues to pay for this debt is coming off the backs of the middle class, blue collar workers, and small business. What goes completely unmentioned is the role of our unelected leaders at the Federal reserve. They are the real tiger waiting in the bush for the right time to strike, or should I say PULL THE PLUG on quanitative easing when they have extracted all of the real wealth and are ready to start a new currency! Rose knows UFCW Local 175/633 |
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| SharynS |
Posted: Mon Apr 18, 2011 3:23 pm
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Joined: 28 Jan 2006 Posts: 2939 Location: the 'puter |
Quote: ...reminisent of the decline of the Roman empire. Quote: ...or should I say PULL THE PLUG on quanitative easing when they have extracted all of the real wealth and are ready to start a new currency! _________________ Free speech is the whole thing, the whole ball game. Free speech is life itself. - Salman Rushdie |
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| Rose Knows |
Posted: Tue Apr 19, 2011 4:13 am
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Joined: 16 Nov 2009 Posts: 310 |
HYPERINFLATE OLD CURRENCY AND START NEW GOLD STANDARD CURRENCY
Any good confidance scam has got to start with unquestioned integerty. A gold standard currency provides this. A gold standard also limits warfair. In simple terms when you run out of gold you would have to sue for peace. Under a central banking system it is possible to finance war on credit. During the Vietnam war Nixon was forced to go off of the gold standard in order to finance the war and Amercia has been in one war or another ever since. Amercia has now morgaged 9 generations because of its war machine. Amercia has been on and off of a gold standard many times in its 200 plus year history. Fiat currencys have a long history. The Romans did not have paper money but instead they had the silver denarius. Over time the denarius was continously debased until it was worthless. Much like the coins in your pocket today. History is full of examples of fiat currency collaps. The most famous of which is Germany after world war 1. After the war Germany had to give up its gold for war reperations. A half a dozen years later Germany had an inflation rate of 29,000% a month. Ask yourself this. How much gold is behind the fiat currencys of the G-20 countries? There has not been a physical audit of Amercias gold since 1959. I doubt that there is any gold at Fort Knox that is free and clear and I am told that Canada under Paul Martin sold its gold to by U.S. treasuery bills. I am also told that Gorden Brown from England sold most of its gold at 275 an ounce to bail out the bullion banks. This is not the kind of currency management that inspires confidence and this is why Amercia just had its debt rateing slashed. Because of this downgrading it will now cost Amercia more to finance its debt. Compare this G-20 situation against the BRIC countries{Brizal,Russia,India,China}who are buying massive amounts of gold to fortify their currencys and ask yourself how long will it take for Amercia to loose its reserve currency ststus? When this happens Amercia and its G-20 partners will have to go back to a gold standard to get back in the confidance game. ARE YOU READY FOR THE POSSIBILTY OF A GOLD STANDARD? YOUR PENSION SURE IS NOT! LOOK AFTER YOURSELF BECAUSE YOUR GOVERMENT IS LOOKING AFTER THE BANKERS AND CORPERATIONS! Rose Knows UFCW Local 175/633 |
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| SharynS |
Posted: Tue Apr 19, 2011 5:18 am
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Joined: 28 Jan 2006 Posts: 2939 Location: the 'puter |
Quote: When this happens Amercia and its G-20 partners will have to go back to a gold standard to get back in the confidance game. _________________ Free speech is the whole thing, the whole ball game. Free speech is life itself. - Salman Rushdie |
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| Rose Knows |
Posted: Tue Apr 19, 2011 5:34 am
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Joined: 16 Nov 2009 Posts: 310 |
WHO IS HYPERINFLATION GOOD FOR?
When new money is created by quanitive easing the banks are the first ones in line to get the money. The banks spend this money before inflation takes its tole. By the time this money gets to you or I it has lost purchacing power due to inflation. Add to this the massive banking fraud of nacked short selling in the futures markets which allows big banks and institutions to buy commodies before inflation sets in and you have effectively transfered real wealth to the banks and institutions for substitute fiat currency soon to become worthless. It is quite a scam made possible by the removal of the Glass-Steagel act. Before this currency distruction is over the middle class will be wiped out. It will be the largest transfer of wealth in the history of mankind. Please do not shoot the messenger. The first step in solving a problem is identifing the problem which is very hard to see with all of the media spin out there. P.S. Less than .01% of pension money is invested in gold. The only true inflation hedge. The vast majorty of investments are paper, paper and more paper. Sad but true. I hope for all of our collective sake that I am very wrong about this. Rose Knows UFCW Local 175/633 |
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| Rose Knows |
Posted: Tue Apr 19, 2011 5:59 am
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Joined: 16 Nov 2009 Posts: 310 |
CURRENCY DEFAULT
Right now all of the fiat currency countries of the world are engaged in competive devaluations of there currenceys. All fiat currencys are falling in relation to real things such as oil or gold. Right now Canadas manufacturing industry is hurting because the Americas dollar is falling faster than ours. To answer your question YES AMERCIA WILL DEFALULT ON THE DOLLAR. But they will do it a little at a time so as to not cause a war with there biggest holders of U.|S. Bonds. Namely China. China was the largest buyer of Americas bonds until Amercia started quantive easing. Guess who is the largest buyer of American bonds followed by Canada???? Belive it or not it is the Federal Reserve because they are quickly becomeing worthless. The Federal Reserve is buying them to keep intrest rates low. They will create hyperinflation and transfer wealth as outlined above and start a new currency with the wealth they stole from the middle class. Rose Knows UFCW Local 175/633 |
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| SharynS |
Posted: Tue Apr 19, 2011 6:13 am
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Joined: 28 Jan 2006 Posts: 2939 Location: the 'puter |
I'm not sure what you're trying to say RK. I don't know anyone who would disagree that the central bank bastards have a self-inflicted money crisis on their hands. I think they're caught between a rock and a hard place. The question remains how they plan to get out of it unscathed.
I really don't think it's possible, at least not without a surrender of sorts to it's g20 partners. Which could explain the delay, since none of this is news and I'm sure they're working on it. You think it's possible to simply negotiate a gold standard to create a new currency. My question still is, given america's debt position, how can that happen without weakening it's international dominance? _________________ Free speech is the whole thing, the whole ball game. Free speech is life itself. - Salman Rushdie |
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| Rose Knows |
Posted: Tue Apr 19, 2011 7:20 am
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Joined: 16 Nov 2009 Posts: 310 |
To me it is simply class warfair.
The top 1 or 2% of the population against everyone else. If you are a member of the top 1% does it really matter what country you come from as we evolve in the new world order? My guess is that the next step in NAFTA is a North American union under a common currency. Time will tell. In the mean time prepair for the worst {HYPERINFLATION=BUY GOLD} and hope for the best. I for one will not be depending on my pension or social safty net to provide for my retirement. For me to be able to sleep at night in this econimic backdrop I will be creating my own gold standard and hope the government does not confiscape my gold as Amercia did in 1933 or face a prison term of 10 years if you did not turn over your gold at $20.60 per OZ. To add insult to injury 3 weeks later the American government said you could buy your gold back at $35.00 an OZ. using Federal Reserve notes called dollars for a 60% haircut. How is that for democracy in action? Can you say bend over while I drive you home? Rose knows UFCW Local 175/633 |
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| SharynS |
Posted: Tue Apr 19, 2011 7:26 pm
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Joined: 28 Jan 2006 Posts: 2939 Location: the 'puter |
Confiscating citizens gold, that's another story. I'm sure any such move would meet with massive public protest. Not that it would be a big problem. America has the military mite to squash anything in it's path and four most excellent freshly painted gulag type enclosures - I mean government residences - to accommodate any number of lge crowds. hmmmmm...
Way out of my comfort zone here but, wasn't a global reset of the gold standard America's big push at 2008's g20 summit? Which apparently fell on deaf ears as nothing much came of it. That America hasn't went ahead on it's own (with or without canada and mexico) says to me to go it alone - or even under a proposed NAU - risks weakening not only their dollar but more importantly their global position? I don't imagine the USA eager nor willing to go there before trying every other trick in it's magic money book first. At least not without a commitment or agreement with other G20s. And I don't see other G20s (China for example) all that eager to accommodate America's third and final wish either. Why would they when international leverage seems to be shifting? I'm not suggesting america can't or won't but my question is, if resetting it's gold standard and creating a new currency is the plot then what would be the hold-up? Why hasn't moved alone on it after the idea got the boot at the 2008 g20 summit? _________________ Free speech is the whole thing, the whole ball game. Free speech is life itself. - Salman Rushdie |
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| Rose Knows |
Posted: Wed Apr 20, 2011 12:55 am
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Joined: 16 Nov 2009 Posts: 310 |
Bankers do not want a gold standard but it will be forced on them. If banks are on a gold standard they will not be able to counterfit money the way they are doing with quanative easing.
Countries that hold U.S.Bonds are in no hurry in seeing Amercia loose its reserve currency status or a currency default. Countries such as China need to deleverage out of American Bonds while they still have value. Also China needs to bulk up on gold to something like 18,000 tons to assume reserve currency capability. All of this takes time. This time befor the transition from Amercia to another reserve currency will be used to sell North Amercia on the idea of a North American union. A American phrase in politics is NEVER LET A GOOD CRISIS GO TO WASTE. I belive as this currency crisis unfolds drug cartels in Mexico will have a very tight grip on Mexico and the people of Mexico will welcome Amercia to come in and police its country. As for Canada a fall in the Amercian dollar will kill Canadas manufacturing industry and Canada will welcome a North American Union to save canadian jobs. This is all just speculation on my part. Time will tell soon enough. Rose Knows UFCW Local 175/633 |
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