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Category Archives: Milton Friedman

If you find this whole World Economy thingy way too complicated for your tiny little brain – filled with useless facts about Keynesianism, Bernankeisms and What-the-fuckisms…

Find yourself a slinky – and do what The Keiser does.

If you understood the above – then you MIGHT want to listen to this – by Peter Shiff….

Yoda Greenspan

Alan Greenspan is Yoda

Could it be that Alan Greenspan is ON OUR SIDE – a Jedi Master secretly PRETENDING to be a Sith Lord?

If this turns out to be true – then maybe there IS HOPE for the World after all. The Dark Lords of the House of Rothschild and Rockefeller will soon be TOAST!

And Ron Paul was in on the game since the 70’s?!
Maybe there is a chance for the Light-side of the Force (Gold/Silver bugs) to prevail…. just MAYBE!

Hey, even Anakin Skywalker/Darth Vader turned on his Master – in the end!

The Federal Reserve was DESIGNED to Destroy the U.S. Dollar – and by default, destroy the United States of America as well. And now, the Endgame is under way.

Hyperinflation is just around the corner.

But there are other plays which could happen before that. A sudden collapse in the gold prices could be triggered by a rise in interest rates – designed simply to get people out of gold – before the dollar collapse. A spook tactic, to send less sophisticated gold investors scrambling to lock in profits.

But that can only be affected temporarily.

The dollar collapse – is eminent, and just as rapidly as interest rates can rise – they can and will fall…. most likely to zero. And that will be the feather which breaks the dollar’s green back!

Ten years ago – the USS Cole was supposedly attacked by the same band of high-tech, low value band of fictional characters that supposedly attacked the World Trade Center Towers and Building 7. Today, you have a low-tech, high value band of thieves stealing directly from the American people – and sinking the entire country in the process – into an ocean of debt.

Just like in the movie – the people in steerage were the first ones to know how deep the trouble the ship was really in – long before those in first class even stopped popping the champagne. It won’t be long though, before the waters reach the upper deck. And then, only those people who have gold life boats ready – will be prepared for the final plunge into the abyss.

The Euro – was from the moment of its conception – a Bankster SCAM!

National currencies are designed to give each nation a free hand in trying to balance its trade, while providing a certain amount of insulation to each nation from the occasional volatility that is naturally associated with it.

Remove this safety net – and you basically let the sharks in.

That is what happened to Greece. The Euro is also set to pull Portugal and possibly Spain down as well. None of these countries have any opportunity to devalue their currency and thereby to shore up their debt.

The Euro was an IDIOTIC idea to begin with – and one which was designed to serve NO OTHER PURPOSE – than to sell Europe into servitude – the SAME WAY the U.S. is currently, for all effective purposes – a slave population working in perpetuity – to pay ever-increasing interest to those that own the Federal Reserve.

How does the Obama Administration STEAL from the American Public?

Well, among the very many different ways the government can “legally” take away what belongs to you – INFLATION is just one of several. The Obama administration has added to this system a Capital Gains Tax – which is NOT CORRECTED – for inflation. That leads to a really brilliant way of taking money away from you – only if you go through the trouble of trying to make a profit. A common sense way to AVOID this TAX – is to do NOTHING.

And doing nothing – naturally, is exactly how you KILL an ECONOMY!

Tax is money – YOU GIVE – not something the Government GIVES YOU. Most Presidents, tend to get this order wrong…

At the heart of all of this, naturally – is the currency war. When money is short – the government, like any other loan shark on the brink of bankruptcy – will start to tighten the screws….

What is the difference between Money and Currency?

Well, FIRSTLY – they are VERY DIFFERENT THINGS!

Money is ANYTHING which has the following properties:

1. It retains its value over time
2. Can be exchanged for any items of equivalent value – directly or, indirectly.

Currency, on the other hand has the following properties:

1. Its value depends on the amount in circulation.
2. Can be exchanged for any items of equivalent value – so long as the banks remain open.

Currency is affected by INTEREST RATES controlled by the Central Bank. The bank and the currency it issues are fundamentally intertwined. You cannot have one – without the other. The AMOUNT of currency in circulation – is what controls its value. Increase interest rates, and you will see the amount of currency in circulation DECREASE (at least, in theory) – since people will be tempted to save rather than spend. Now, theoretically decreasing interest rates SHOULD increase the amount of currency in circulation since it cost less to borrow, and earns you little to save. Much better to use borrowed money when the interest rate are low, than to dip into you own savings – at any rate – and the very ACT of borrowing increases the amount of currency available – since banks CREATE CURRENCY THAT WAY!

Money on the other hand, cannot be arbitrarily created from nothing. Gold or silver represent “real” money because their stock depends on the amount which can actually be mined. If goods and services can be created at an equal rate at which a certain amount of gold or silver can be mined – then the value of money stays exactly the same. If demand for goods and services increases faster than the rate of production – then prices for the goods and services will go up. Prices going UP – is what we call INFLATION.

And that’s not a bad thing.

But if there simply isn’t enough gold or silver around – to buy these things – then the value of this money actually INCREASES FASTER than the price of the goods and services it is supposed to purchase. Then we have, DEFLATION – which isn’t a good thing.

This kind of deflation is precisely the one which hit he world in the 1930’s. And it has been the reason why most economists are so reluctant to return to either gold or silver – as a standard for currency value.

What has happened however is that, as of 1971 – when then President Nixon took the United States of America off the gold standard completely – to help finance the Vietnam War – the U.S. Dollar no longer had any intrinsic value. You could theoretically create as much as “money” as you needed. Essentially, you could create as MUCH inflation as was NEEDED – and avoid DEFLATION forever.

So…. how come the U.S. is now in a DEFLATIONARY SPIRAL?

Prices are coming down, the value of the currency is going up… BUT – so is the value of GOLD!

That’s not supposed to happen. Or, is it?

Apparently, the CENTRAL difference between “Money” and “Currency” – is not JUST in the rate at which it can be created – but the FAITH people place in that medium of exchange.

And it seems that people have shifted from saying “In God We Trust” – to “In Gold We Trust!”

You KNOW your country is in trouble – when there are more illegals trying to get OUT then there are trying to get IN!

The system is now running on FRAUD.

I like to use a quote that was first used on a T.V. series some time in the early 90’s – Wise Guy –

“The System depends on the majority of the people being good. And the majority of people ARE GOOD – thank God!”

But the System is now broken, simply because the majority of people THAT RUN THE SYSTEM – are NOT GOOD! They are in fact, downright EVIL!

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