My conspiracy theory on the collapsing economy.
I don't believe it's about a "prison planet" or empire. There may be a new war in our future, since Obama is being painted as the 'new FDR', but I don't think that's the big goal.
I also don't believe it's about robber baronism and the Rich eating each other. That's definitely happening, but it's a sidebar to everything else.
I do think a global banking empire may be pushed---but, again, I think that it's a sideline plan being floated, not the real goal.
If this is really an engineered crisis, in my opinion, the real goal is for the filthy rich to become astronomically, exponentially rich.
Hyperinflation favors the people with a lot of money, depending upon their investments.
You see, the very rich will not have trouble getting by. They have hardened investments and extra money to invest in new things. Like land. Like devalued real estate and homes in the aftermath of a bubble pop. They can afford to buy more. Especially if they know how the cards will fall on the table, in advance.
If you have debts or mortgages, and hyperinflation devalues the currency, it will simultaneously devalue the debts, unless you have something foolish like a balloon-head mortgage. As long as you can pay the debts, in a hyperinflationary crisis, you can win big.
Bear in mind, also, that one of their primary 'solutions' to our economic woes have been to lower interest rates to ridiculous levels. This favors investing in mortgages.
Imagine if you will, that in the past year, the elites have been buying a lot of real estate after the bubble pop. On mortgages and credit.
Suddenly, paper money that's needed to finance deficit spending and bailouts floods the economy. Suppose the economy "recovers", but with a huge massive spike in the rate of inflation. Perhaps, let's say, as much as 500% by the time a real recovery occurs, and gold-backed currency is reinstated.
The real estate investors will have made a fortune.
Imagine it just using your own level of budget, as a member of the middle class:
Suppose you bought a five-bedroom suburban repo home for $75,000. It's already a bargain, because it's distressed real estate. You'll make 30-year mortgage payments with a final payment on it of, after miscellaneous costs...around $600 per month.
Let's say we go through a three year period of turmoil caused by the Fed's Zimbabwe-style hyperinflation, and at the end of the cycle, they finally stabilize the currency with gold, so the inflation they generated does not spin completely out of control.
After the hyperinflation wave ends:
-- A can of Campbell's vegetable soup costs $7.
- A 'Jumbo Jack with cheese' value meal costs $12.
- a loaf of wheat bread costs $13.
- a gallon of milk costs $18.
- A steak dinner for two at a suburban restaurant costs $350.
- A Smith and Wesson revolver costs $3500.
- A new pickup truck, with no fancy extras, costs $120,000.
- A new five-bedroom suburban home costs $900,000.
But you just bought a new five bedroom home a couple of years ago for $75,000.
You can sell it, or you can rent it to tenants. Either way, you have achieved massive profits.
***
Now imagine that you are a billionaire, and you bought thousands of such homes in trendy areas, along with Florida beachfront property, hundreds of collapsing apartment buildings, hotels, restaurants, and dead retail malls.
On each of them, the combination of 500% inflation PLUS a collapsing real estate bubble has caused each property to rebound to a minimum of ten to twelve times its original value. In just a few years.
That's if the hyperinflationary wave stops at 500%...I just pulled that number out of the air.
output
The Virtual Conspiracy
If you have not already, you might want to read my post on "The Virtual Conspiracy".
http://www.dailypaul.com/...
It might help to explain why there is such confusion about who "They" are, what Their goals are, and why it is so darn difficult to expose Them.
And by the way, becoming obscenely wealthy is certainly one of Their goals.
But, if we let them will they finally leave us alone?
Don't count on it.
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Natural Law and Natural Rights
http://jim.com/rights.htm...
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OK,
Let's move your example to Zimbabwe for a test. You bought the distressed hut for 500 Zimbabwean dollars six years ago and today it is worth 500 zillion Zimbabwean dollars. Has your wealth gone up a zillion-fold? I say it depends on what its sale price today would buy in other goods versus the same deal six years ago. If it's the same ham sandwich, then there was no gain.
what if...
it is technology that is driving the collapse?
the internet and computers have certainly impacted the newspaper, music, printing and accounting industries. among others. sorta like what happened to farming?
twice the output, 1/2 the people? [or less]
what if oil and natural gas really are abiotic? what if HHO [browns gas] can be used to effectively store sunlight and wind energy? this knowledge would not have to be widespread to drive down prices....
as far as I can tell, the movie "ring of power" makes the best case for a conspiracy theory.
the premise bieng that we are still ruled by the kings and queens of yesteryear. they figured out that man can be controlled by religion and money back in egyptian times.
the film postulates that the 3 most popular religions were fabricated for this purpose.
it DOES NOT require a lot of people to cooperate for a conspiracy to work, it just requires willing cooperation by the unwary.
" the important thing is to never stop questioning, curiousity, has it's own reason for existing..
Albert Einstien
Doubtful
--"If this is really an engineered crisis, in my opinion, the real goal is for the filthy rich to become astronomically, exponentially rich."
There is a big hole in your theory, Kevin. A conspiracy requires a manageable number of people. For example, there are only about six central banks controlling the Federal Reserve, so it is within their power to enact a new currency or whatever their goal is.
But for you to say "Rich people are in a conspiracy to get richer"... well, that's not remotely believable. Where is this rich person's club and where can I join? There are rich people all over the US and all over the globe for that matter. The compete with each other as a rule, and most of them don't even know each other in any meaningful way. For them to have a conspiracy would require thousands of people, somehow remaining covert the whole time.
While it may be true that rich people CAN benefit from this collapse, it certainly isn't a conspiracy to make this happen for the benefit of all rich people. You're just regurgitating the typical leftist paradigms. It's also worth noting that rich people CAN (make that did) lose huge from this collapse.
No, any conspiracies are taking place in the Fed, in the CFR, etc... There is no class warfare conspiracy for the rich to squeeze blood from the poor. The rich generally make their own wealth by being productive, not by taking from someone else, and this is especially effective in free markets.
I'm doubtful as well
I see no evidence to suggest a conspiracy. Rather I think it's quite clear what caused the crisis. The ideologies of statism and Keynesianism. No evil required.
I agree with this. The only
I agree with this. The only semi-evidence is that free marketer Alan Greenspan was right in the middle of this nonsense, but it'll take more than that to make a strong case.
Oh yes,
there's no doubt (in my mind) that Greenspan caused this.
However, to say that he did so purposely and out of an evil intent is quite another thing...
Obviously. What I meant was
Obviously. What I meant was that Alan Greenspan did know better, so its possible that he had malicious intent but I would need a bit more evidence.
Solid Goldmembers Of The Club
… ( hence the name) and, you’re right … we’re not in it. But check the guest list.
http://www.youtube.com/wa...
Dig a little deeper. Next time you pull an opinion out, try yanking it out of a RABBIT hole instead … And I don’t suggest going in over your head …That way one’s view won’t be less profound then one’s grasp. ;-)
http://www.dailypaul.com/...
Sounds like a good time
..for a home loan or two!
Hanging Onto The Cliff
It looks as though we're looking over the edge of the cliff. The bailout and TARP money payout's are picking up momentum and the stories of impropriety by TARP money recipients is growing. Does the public notice?
Those that follow alternative news articles from blog writers know where the economy is headed, but do any of us really know how this will look in the end? It seems that the only real protection from calamity is to own gold and other precious metals. The following article will give you a good idea of what we're really dealing with.... www.goldnewswire.net/gold...
http://www.bearmarketinve...
I've always thought
that the goal is to eliminate the middle class leaving only the filthy rich and poor.
Just the elites and the slaves who cut their grass and shine their shoes.
"It's just one big club... and WE ain't in it!"
Oh for the good old days....
When all we had to worry about was human greed, ignorance, and stupidity.
Today we have all that AND an international global fascist Conspiracy.
Any concentration of wealth as obscene as you envision would necessitate a New World Order to sustain itself. You cannot divorce the political from the economic.
You cannot have a FREE, ARMED, and INFORMED citizenry and sustain an economic system as inequitable as you have described.
And THEY know it.
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Natural Law and Natural Rights
http://jim.com/rights.htm...
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The Truth Of Wedge
… depends upon malleable subjects.
Force is a conspicuous manifestation; but, like professional wrestling, it is mostly theatrical. The issue is what is going on behind the stage.
The ‘real’ ID always involves designs to defeat intelligence by exploiting gullibility.
http://en.wikipedia.org/w...
Undermining independence, harmony and critical thinking has always been the expedient path to control.
For example:
http://en.wikipedia.org/w...
[ To appreciate that it is not about fundamental philosophical differences, examine the ironic twist that it was Francis Bacon, the father of scientific method, and focus of conspiracies and corruptions in the hallways of power, who touted the cunning maxim of "separa et impera".]
It is a virtual certainty the reality is about power sustained by cultivating ignorance.
http://www.dailypaul.com/...
"From the moment when the machine first made its appearance it was clear to all thinking people that the need for human drudgery, and therefore to a great extent for human inequality, had disappeared. If the machine were used deliberately for that end, hunger, overwork, dirt, illiteracy and disease could be eliminated within a few generations. ... But it was also clear that an all-round increase in wealth threatened the destruction - indeed, in some sense was the destruction - of a hierarchical society. ... the most obvious and perhaps the most important form of inequality would already have disappeared. If it once became general, wealth would confer no distinction. ... But in practice such a society could not long remain stable. For if leisure and security were enjoyed by all alike, the great mass of human beings who are normally stupefied by poverty would become literate and would learn to think for themselves; and when once they had done this, they would sooner or later realise that the privileged minority had no function, and they would sweep it away. In the long run, a hierarchical society was only possible on a basis of poverty and ignorance. ... Ignorance is Strength"
--- Orwell 1984
http://www.dailypaul.com/...
Sitting In The Audience Of The Theaters Of War
http://www.youtube.com/wa...
Oh …The Irony Of It All ……………….
http://www.dailypaul.com/...
The Truth, The Whole Truth, And Nothing But The Truth
Now Testify
http://www.youtube.com/wa...
Can I get an Amen, Brothers and Sisters?
pretty brave prediction
Just consider for a moment what this "Nation" WAS founded upon truly...A complete Holocaust of the Native Owners and Colonization using the "DREAM" as bait.And you all wonder why and who?
Let's not be so arrogant as to believe these folks(grasshoppers) can stop the sun from rising tomorrow and keep the air from our lungs.
We must learn to do for ourselves again.Grow food,let it not be something we only do for fun?Get your hands dirty again,be your own immigrant worker.People need to cut off the things that control their lives to a point of hardship or oppression.Most of our problems are self imposed.No one(grasshoppers) made us (ants) sign for all that debt,but here we are now.
Remembering life in the early eighties..We are still living very well compared to then I think. Americans need to hang up the coffe shops,golf courses, monster trucks and hot rods and Harley's for a while and start focusing on industry and farming again.
If ya grow a row of potatoes and carrots who gets a cut of it?Doing for self cuts out all the middle men.
And one last thing...We need to stay positive in the face of adversity or who is winning?And shall we be so easily defeated,with money?
Hyperinflation only works if people (ants) keep buying.
Lord help Ron Paul.
No retirement for you!
The main problem, any economist will tell you, is that the Boomers are retiring, and they are many in number. Too many.
By flushing all their 401k's, IRA's and pensions down 50% or more, they will have to work longer, probably until they drop.
Promises were made, and now they are being broken. I've seen this over and over, makes you wonder why anybody trusts the government or wall street.
That doesn't make sense
Boomers are called boomers because the population boom which the boomers were forced to pay into social security, which has uped the age limit as boomers age, and boomers are not living as long as their parents, however this is the generation that made social security fat! For 5 decades boomers have paid into a system, that was corrupted as soon as social security began paying for programs for people who never paid into social security.
If the Democrats really believe social security is a good thing, Obama will made social security good for the boomers coming into their due checks.
I hope Obama makes Social Security a good for boomers and their children, who can perhaps work to make social security a opt in plan.
And why do they want
to become obscenely rich? So they have control over all the resources. The end goal is a world banking system, a world government and a world army that keeps the slaves in line so the priviledged few can use and abuse them for their own amusement.
LOL.
.
We here at the DP have acknowledged that this group of
individuals own the debt of the US and obtained control of this debt through fraud with the FED as their primary tool.
http://land.netonecom.net...
We also know through the election process that the media is controlled.
We have learned that Prescott Bush won the senate seat in CT after pleading guilty to multiple counts of "aiding the enemy" through his banking interests with Hitler's Germany.
This confirms media and government control from at least the 1920's to today.
A crisis of any kind is USED to get to the final goal. Wars and crises are engineered and today's crisis is no different.
The rich already have ALL the money. The already OWN all of the central banks. They don't need any money...they simply NEED to control the money to have sway over economic conditions and the humans who live in said conditions.
This last 12 months had yielded the nationalization of the auto industry.
The nationalization of the financial industry.
And the increase of the federal government's contribution to US GDP to over 40%. This number was about 5% in 1900.
If you own a man's debt you own the man...you have power over him.
Europe is on the verge of being one nation. NAU is underway.
Getting a trend here?
Oh wait...I'm crazy....move long, please...look at another post...hey? watch some TV...that'll be good....yea Rupert Murdoch at Fox he's fair and balanced...sure, let's watch his stuff.
No conspiracy.
It's simply every man for himself trying to get a piece of the pie, and as big of a piece as he can, any way he can. What looks like a conspiracy is simply "the war of all against all."
Please
You are either really young or a Gov't Psy ops troll go here www.pgorg.com/index.net
Cows think they are free, this is no bull, the beast must be Fed, with pitchfork instead
Please
Don't flatter me.
This is why we have for so long...
preached about physically owning PMs.
______________________
It's all about
total control of the masses by an elite group of megalomaniacs.
We are being herded toward a one world currency, which will lead to a cashless society via chipping.
Once the majority of the world's population is chipped these elites will have the control they have sought for centuries. They will know what you buy what you sell...where you are every moment. You will be enslaved for your entire life from the cradle to the grave.
It may take ten, twenty, thirty years, but that's the goal in my humble opinion. The longer it takes the less it will be noticed...like "Boiling the Frog."
They are creating the problem, now all they have to do is sit back and wait...the people will clamor for a solution.
And that solution will be what they intended all along...chipping and a cashless society.
Everything else is just smoke and mirrors.
Don't bet on it! We have had
Don't bet on it! We have had a one world currency since 1971, its called fiat money and the only differences between them is the faces on the slips of paper they call money. The system is crashing and it is impossible to build another monetary system on top of a collapsed fiat system. That is why all fiat monetary systems must be introduced through a sound money system, without sound money the fiat system has absolutely no foundation on which to stand. Once the fiat monetary system completely erodes the economic substructure no other system but a sound monetary system can restore economic viability.
The elite are boobs who believe in themselves and we give them far more credit then they deserve. Their plans will come to naught as the life-blood of their power and wealth crumbles in their hands.
If this is an elite plan, then they are consuming their own. Some of the very founding institutions of the Federal Reserve have gone belly-up, such as Lehman Bros. Additionally, the ones that are losing the most at the moment are financial institutions which are about to go under are commercial and investor in nature, they don't deal with public deposits, their clients are the elite. The system is coming down around their ears and they still think they can breath life back into it. The debt-standard of fiat money is collapsing and nothing in the world can save it or replace it.....except for gold and gold will deny the powerful their power. That's why they worked so hard to get rid of gold money.
http://www.1776solution.b...
“There is danger from all men. The only maxim of a free government ought to be to trust no man living with power to endanger the public liberty.”-Adams
. . . just saying thanks Republicae.
You are a worthy opponent on the Daily Paul with your brilliant rebuttles and courtesy in making complicated stuff easier to understand.
Do you really
think they have lost anything?
Someone or some group of someones are making a fortune out of this crisis. All you have to do is watch the markets with their wide swings.
These people have more money than God, they haven't lost it. They are making more of it.
Now some of the minions who work for for them probably have lost big time, But not the elites, they cause the chaos and only participate in it to make money not lose it.
Losing it is left to the peons.
Absolutely!.....The money
Absolutely!.....The money they had to begin with was an illusion that everyone bought into, including them and the politicians that administered the system. Read you history, particularly the history of those who have used fiat money to gain wealth and power....they ended up with their heads cut off when the system failed, their power and wealth faded. This time will be no different. Any "fortunes" they are "making" at the moment will follow the currency down the drain and they will be exposed to the wrath of a People who have been abused and used.
Well, I am a long time student of finance, money and history. The power of market forces are far more powerful than any force that a man, group of men, government or goup of governments, and their control can only last over the market as long as there is confidence in them. Once that confidence fails on a wide-scale, there will be no power left to the "elite". The market economy, consisting of Trillions of interactions of billions of people is ultimately beyond the most powerful forces that the "elite" can muster, it defies those who would control it and heaps disaster upon their heads. History is simply repeating itself once again. The season is changing!
Obviously you give them a great deal of credit, many people do, but I know that "they" are only as powerful as the system will allow and when that system crumbles so too crumbles their wealth, their power and their ability to control.
http://www.1776solution.b...
“There is danger from all men. The only maxim of a free government ought to be to trust no man living with power to endanger the public liberty.”-Adams
Incredibly logical and uplift!ing post Republicae!
"The season is changing" that's for sure.
You always hoover around the facts and make it elegant.
Again, thanks for your positive attitude.
Since you are into history
You may want to read their family history, they have been in the money business for centuries. Or should I say the gold business.
And from what I've read they keep all that business in the confines of the family by marrying within the family.
Guess it can be called a true family business.
As far as giving them too much credit, I'd rather do that then underestimate them.
I will state that while it
I will state that while it is true that inflation helps the rich, the government and the Federal Reserve; hyper-inflation helps absolutely no one as the currency is completely destoryed through the dilution of the purchasing power of each monetary unit. While the rich may have more individual monetary units, it matters not if each of those millions or billions of dollars are valueless. Essentially, hyper-inflation depreciates the purchase power of each unit to close to negative or to negative. There reaches a point where the currency is no longer accepted as a medium of exchange no matter how many units you possess.
Capital production is no longer possible, nor is the accumulation of capital possible. During such events, all wealth moves from the currency into other forms of value, if available and can be exchanged for the depreciating currency. Unfortunately, there reaches a point during a hyper-inflationary event when no one will take the currency for exchange at any price bidded in a denominated amount.
Additionally, it is important to understand that an unusual phenomenon occurs, physical money disappears from circulation during a hyper-inflationary event. There are several reasons for this; people spend the money as quick as they get it because they fear that the value will decrease so fast that they will not be able to use it to purchase anything and the circulation of the currency is also affected as the government must issue a new line of currency that is denominated in new higher face amounts to "keep-up" with the hyper-inflationary event.
Remember, hyper-inflation is more than a monetary event or even an economic event, it is a psychological event where all confidence is lost, not only in the currency, but the government and the central bank. Normally, hyperinflationary events collapse the government and the central banking or official bank, crippling or even overturning the entire social and political network.
Now, I estimate that unlike previous bouts of hyper-inflation, the possibility of a global hyper-inflationary depression will not allow for an easy movement of wealth from U.S. Dollars into either other currencies or other forms of wealth. Once the U.S. enters a period of hyper-inflation the effects on the rest of the world will be incredible and a cycle of cankerous economic destruction will occur which will not allow for the possibility of foreign assistance that was possible to other countries who suffered from hyper-inflation in the past. In other words, no one will be left standing that can offer a hand and ease the problems.
Hyper-inflation destroys the powers of the government and those who are politically connected to it. Deflation, on the other hand strengthens both the government and those who are politically connected to it, even though deflation makes it much more difficult to pay debt associated with those institutions.
http://www.1776solution.b...
"The Truth is not always comfortable, but it is always safe" - H. W. Johnstone
All that's probably true, but it's not what I am talking about.
I am saying that there is at least a possibility that key players in the global meltdown KNOW hyperinflation is coming in advance, because their friends run the Federal Reserve, and they KNOW roughly where the bottom of the fall of the dollar will be, because there is plan in the works to let the dollar drop to a certain point and then stabilize it after a certain amount of free fall.
And they are positioning their investments in real estate, and, most likely, oil, because the price of both is a buyer's market right now. And they know that massive inflation will alter everything--hence, they are out there now buying said properties for a fraction of what they were worth last summer, and using mortgages to lock in the amount involved without moving much cash.
Therefore, at the end of the hyperinflationary crash, when Joe-Six-Pack is paid $90 per hour to operate the cash register at Walmart, he's still getting paid the same amount in value that he was in 2009, but anything he bought on credit in 2009 is now worth substantially more than his purchase price. Of course, Joe Six-Pack probably can't afford to buy anything new on credit, because he can't pay his bills right now.
But a millionaire or billionaire can afford to accumulate tangibles on credit, lots of them, the way some of us collect gold and silver coins.
There is a profit involved. In 1973, you could buy a nice two-story suburban home for $25,000--in 2008 dollars, the same type and size of home was around $175,000. That's a sevenfold increase from a 35-year march of inflation.
Suppose you knew in advance that, in just two years, there would be a sevenfold increase in the price of everything? If you had a lot of money, the worst thing to do with it would be to put it in a savings account in FRNs. A smarter move would be to protect it with precious metals investment. But a cunning move--if you could make it happen...would be to buy things on locked in mortgages with minimum money down, and wait for the inevitable hyperinflation to kick in.
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Kevin, I am with you on that way of thinking for sure!
I would encourage all of you if you can, just like a few of my clients who are now and in the last year are closing out their 401ks and using the cash to buy the foreclosed duplexes and homes instead of losing what is left in these pathetic mutual fund accounts.
Yourself, property, and gold/silver, will always be the preferred choice of 'wise' investment because of its practical uses.
That is a very good and real
That is a very good and real possibility however, I tend to think that those in charge of the monetary system believe in themselves and their abilities, wrongly so, but nevertheless, I think they remain confident that they can save the system.
Even if the wealthy were able to convert their fiat dollars into other stores of value, such as houses....what would be the value of those properties after hyper-inflation struck? Who would they sell them to in order to make a profit, how would they maintain them? Additionally, the monetary, legal and economic system that arose afterwards would, most likely, not recognize the prior valuations since they were valued in dead-money denominations.
Additionally, hyper-inflation is a very odd animal and shows up when least expected and it is totally unpredictable since it is more than a monetary event. As such, it cannot be determined if and when it will happen. I think the powers that be understand that there will be inflation, but inflation helps those who get to use the money when it is first circulated. Hyper-inflation is a thief in the night and will raid the poor and the wealthy as though they were one and the same. The ability to survive hyper-inflation however, rest more with the poor than with the wealthy, since the poor already know how to live without.
The key to preparation is complete self-sufficiency, relying upon no one, no government agency, no grocery store, gas station, power company or anyone else.
http://www.1776solution.b...
“There is danger from all men. The only maxim of a free government ought to be to trust no man living with power to endanger the public liberty.”-Adams
Yes, some will Prosper
Much validity, especially the part about the relative purchasing power of gold v. FRN's in hyper-inflation. Keep in mind though, that a house is "worth" it's utility value, as a shelter. Yes, if you lock in a mortgage rate and buy a 100K house and we have 7 fold inflation it's price may be 700K. But it is not "worth substantially more." Price inflation has increased what it may sell for in FRN's but it's real value remains at it's core usefullness. If all other wages and prices have increased 7-fold, then selling the house does not really increase wealth. It's just price inflation (caused by monetary inflation). It's true that the devalued future dollars are giving some return (value) on paying the low fixed mortgage, but here's the big what if.......Lets say you make 30 k before inflation hits and your fixed rate mortgage is one third of your monthly take home pay. Food, gas, taxes, etc take all the rest. Hyper inflation begins and everything but the monthly mortgage goes up. Wage increases lag behind (as they always do) and each month gets harder and harder to make the bills. The big question is: will wages always keep up with inflation? What if it runs 10% behind for 5 years? Where is the breaking point where middle America just can't make even that low mortgage rate. What about extended un-employment?
I totally agree that the super rich will not only survive, but they stand to even prosper. I'm just not sure the rest of us should try to immulate. Our margin of surplus is so much smaller and we could lose our house, deposit and all that was already paid in.
Paying off fixed rate debt with future devalued dollars is valid, I'm just concerned that we may be facing a global collapse that becomes a survival event, where putting food on the table is more important than chasing some imaginary "profit" in an (inflation-driven) overvalued house.
"..shall not be infringed."
Not Conspiricy theories
"We are moving toward a new world order, the world of communism. We shall never turn off that road."
Mikhail Gorbachev 1987
"National Socialism will use its own revolution for establishing of a new world order."
Adolph Hitler during World War II”
"A total world population of 250-300 million people, a 95% decline from present levels, would be ideal."
Ted Turner, in an interview with Audubon magazine.
"Let me control a peoples currency and I care not who makes their laws."
Meyer Nathaniel Rothschild in a speech to a gathering of world bankers February 12, 1912.
“And advanced forms of biological warfare that can “target” specific genotypes may transform biological warfare from the realm of terror to a politically useful tool.”
The Project for a New American Century, Rebuilding America’s Defenses, p. 60
“This present window of opportunity, during which a truly peaceful and interdependent world order might be built, will not be open for too long - We are on the verge of a global transformation. All we need is the right major crisis and the nations will accept the New World Order.” David Rockefeller
Who can say, this economic disaster was a surprise when leaders have made such statements
Destroy as much private wealth as possible.
Make everyone dependant on the Dear Leader and his minions.
That is the plan.
What do you think universal healthcare is for?
What do you think bank bailouts are for?
What do you think education funding is for?
What do you think foreclosure moratoriums are for?
What do you think groups like ACORN are for?
Eventually there will be no one left to tax to pay for all of these programs.
=======
"The consolidation of the states into one vast republic, sure to be aggressive abroad and despotic at home, will be the certain precursor of the ruin which has overwhelmed all those that have preceded it."
- Robert E. Lee, 1866
It's 100% about the establishment of world-wide COMMUNISM
And communism is all about control. And their favorite control weapons are fear followed by brute force.
The whole plan is an elaborate ruse to destroy mankind here on earth and drag most of us to hell. Immorality (thanks to atheism) is rampant, stupidity is in the stratosphere, we don't know how to survive, much less live modestly and properly, we have become a nation of rotund couch potatoes, most people are taking six or seven poison prescription drugs, so called art and music are hideous, many of the people you see on the streets are self-made freaks ... piercings, tattoos, dog collars and chains, crotches between the knees ... if it's ugly, it's in. When society looks like that, the end is not far off.
It's as plain as the nose on your face that this plan was cooked up by satan (God hater in chief) and is being carried out by his favorite dupes on earth: the House of Rothschild and all it's tentacles (our Fed, for one).
The best thing we can all do is get down on our knees, beg forgiveness for our past sins and stupidities, and ask for mercy for ourselves, our families, and our country. Catholics: check out what Our Lady of Fatima had to say, get to confession, find your rosaries, and pray them every day. When enough of us do this, God will hear our cries and rescue us from satan's snares. Until we do this, expect things to get worse ... a whole lot worse.
This is no typical economic crash. This is satan's grand finale!
Hyperinflation can only help
Hyperinflation can only help the rich, it is true.
I had thought we the middle class would be able to get our houses on the cheap if hyperinflation struck on the premise that being paid $100,000 a week would make it easy to cut a check for the entire house at some point.
Except for two problems:
FIRST, the banks would call in all outstanding loans if the dollar collapsed, demanding to be paid the full amount while its still worth something. That would put all of us into foreclosure.
And SECOND, since every other cost would go up, that $100K a week would be spent on food, fuel, and leave no spare change ($1,000 coins) to even pay the relatively modest mortgage...
Conclusion: Hyperinflation sucks. Too bad for us Obama is forcing it to happen in order to make the other 99% of America dirt poor and in need of a smiling community organiser while the remaining 1% mop up all the surplus commodities and realty!
Henry makes a good point.
Henry makes a good point. The bailouts and stimulus have totaled in excess of $10 trillion, which is the same amount as our national debt. But, it's also the same total that is owed by Americans on their home mortgages. So, have you ever asked yourself why the government wouldn't take that $10 trillion and just pay off everyone's home mortgages? Don't you think that would do much more to stimulate the economy? Ahh, but there's the catch as Henry points out. If the US were to pay off everyone's home mortgages, there would be a deflationary drag, because of the 30-40 to 1 leveraging. So, paying off $10 trillion in home loans, would have a net effect of $300-400 trillion being wiped out.
I expect another round of
I expect another round of deleveraging induced deflation after another wave of CRE, Alt-A, and option ARM defaults. I think this will dwarf subprime. There will be another flight to the supposed safety of bonds. Then, the bond bubble collapses, and this is when we transform from deflationary depression to hyperinflationary.
I don't think real estate is a good buy yet.
Inflation is an expansion of the money supply.
Prices change in relationship to the money supply, the velocity of movement of this supply, and the available supply of goods and services to be bid against with the money.
So is the money supply being inflated? Yes, but is this rate of inflation and the velocity of its movement sufficient to drive up prices? And what about supply of things like houses?
Check out this site to see the so far anemic growth rate in M3 money supply:
http://www.nowandfutures....
As for M2, check out the federal reserve reports:
http://research.stlouisfe...
(You need to click on % change below the chart to see the rate of growth.)
M2 does just in the past few weeks seems to be expanding at a higher rate, but this needs to be watched closely.
If you look at the way the federal reserve tries to push up money supply growth it is by increasing the monetary base.
http://research.stlouisfe...
(You need to click on % change below the chart to see the rate of growth.)
So the outcome is still in doubt. Even if the federal reserve manages to push up money supply, will frightened people hoard it when it gets to them, or will they spend it quickly? And will supply of things get short or be abundant? Remember that repayment of bank debt decreases the money supply, just like new borrowing at banks expands it, so if people get conservative and do their best to repay debts, this repayment becomes a deflationary drag.
So the outcome on prices may not be what you expect. I don't know the answer, but do not automatically accept the idea that prices will explode.
I thought
of something exactly like this before
I agree. Its not an accident that we have the current system.
Every convulsion of the fractional reserve system will make some people alot wealthier.
Fiat money is no accident either. Big government wins. Certain vested interests attached to big government win.
http://brits4ronpaul.blog...
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I don't entirely agree. That
I don't entirely agree. That 75,000 home that is now going for 900,000 has not appreciated in value, only in fiat currency, and just as it has done now it is just another bubble that prices itself out of the market and collapses.
The only benefit I see is paying off debts with hyper inflated dollars IF YOU HAVE THEM because the 100,000 dollar mortgage is still only 100,000 dollars. This only holds true if one can get paid enough inflated dollars for "ASSETS YOU ALREADY HAVE" to sell and use the inflated dollars to pay off debt. I doubt wages will keep pace with inflation. There will likely be an astronomical disconnect.
Also with all the businesses going under and debt liquidation I doubt it will be rosy for more then 1% of the population. And they are as you said already in positions with hard assets etc.
The banking/financial elite and politically connected have always been doing this to make themselves ultra rich at the expense of the people. They believe themselves the princes of the earth and that we are their chattel to be exploited for their gain and nothing more.
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Get Prepared!
Only dead fish go with the flow...
Yes, the price of everything would go up proportionately...
But what I'm saying is that if they buy the real estate now on mortgage, they will be getting it for pennies on the dollar if the hyperinflation wave increases its value in currency.
Imagine you had a time machine, and could go back in time 100 years, to 1909, and somehow get your bank teller on the other side to convert your mostly worthless modern currency to the coin of the day.
You could buy a double barreled shotgun for $13.95; a double-action Colt .38 revolver for around $15.
You could buy 40 Colt revolvers for around $600. The same price you might pay at a gun show today for a single one..if you are lucky.
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Still not following you
Still not following you Kevin. My point is, it doesn't matter. Your not getting rich by selling that 75,000 house for 900,000 because the 900,000 will only buy the same amount of goods and services the 75 thou used to buy. Nothing has really changed except the amount of pieces of paper you need to buy the same asset
Your thinking in Keynesian terms here. They are just inflating a bubble except at hyper speed so there is no way to really cash in. Again only advantage I see is if you have an existing mortgage you can pay off in inflated dollars provided you can get them.
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Get Prepared!
Only dead fish go with the flow...