BS – it’s close to collapse:
Not that one should listen to anything his says. And that is reflected in:
I thought Market Oracle were close to what we’re driving at here:
By political decision and supposedly due to the “ideological imperative” of free markets and deregulation, government control of the process has been reduced to nothing. The “fourth estate” or the media has faultlessly conspired to accelerate the creation of a no-win endgame scenario being the only rational scenario.
To be sure this is easy for the media: who is interested in central banking, who can understand the numbers? The wall of incomprehension is built thicker by draping the central banks with a “technocratic” image, and “economic issues” are shifted to mean ever-growing stock market indices and this week’s mega bankruptcy or corporate shutdown. Simply snce the start of 2008 using data from the BIS, economic institutes and the media, the central banks of the US, Europe and Japan have probably printed or made “engagements” to print of an additional combined $15 trillion – and that is a low estimate. In theory, but only in theory, hyperinflation should have started long ago.
All the central banks of the “mature democracies” have an undeclared, but certain and sure goal of creating all and any kinds of asset bubble, basically through running zero interest rate policies, of course for “prime borrowers”, starting with the banks. The bankster-fraudster “community” or fraternity, which runs a permanent and gigantic Ponzi fraud, finances all and any speculation in any tradable asset.
The asset bubble now “seamlessly” runs from paper equities to paper futures on so-called hard commodities. The permanent quest to inflate nominal values – with occasional complete reversals – has produced dramatic results for “homely things” like house and rental prices, food goods, fuel and electricity with Big Government, that is ruling political parties playing their part in the game through loading sales, value added and consumption taxes, even carbon taxes onto basic necessities. But official inflation figures, loyally presented by the media as “at most 2% a year”, play their own role in justifying further cuts in interest rates, for prime borrowers.
I was sent a youtube link on a Russian programme which ran on REN-TV, a major Russian network:
OK, it’s the equivalent of something on Channel 4, highly emotive, designed to excite an audience to horror and was light-on with back-up from the narrator but some of the interviewees were another thing. Essentially it’s what we knew anyway – the theft of the gold [Russian gold for this audience] and the games played in the high finance.
It touched on the current uber-lawsuit by a Chinese family who had their transfer stolen and the taking out of Russian money to France, among other places. I understood about 20% of the highly sensational narrator and about 70% of the interviewees.
It goes into the farce of the wars and the Bolshevik Revolution which we knew anyway – Griffin and Mullins put out sufficient on that and many US companies are generally accepted today, e.g. Standard Oil, as having helped the other side. They of course admitted the connections but denied they’d been ongoing in time of war.
Below is an excerpt. I have a problem with sensationalized exposes as they’re counter-productive, let alone necessitating wading through to remove the sensationalization.
Those determined not to admit the snippets which appear along the way, awash in a sea of rhetoric, are better able to do it, dumping it in the conspiracy theory bag, along with such things as Heath’s collusion in getting the UK into the EU, for example.
A conspiracy theory becomes a fact only after it’s gone public.
And those pundits and producers indulging in the rhetoric are clearly looking down their noses at the intellectual capacity of people to sift through information for themselves and sift the hard from the spurious and fanciful.
In 1945 a special Senate committee was set up on the subject of international communications. Completely unnoticed in the press, Burton K. Wheeler, “reformed” now that Germany had lost the war, became chairman.
An immense dossier showing the extraordinary co-ownership with German and Japanese companies of RCA and ITT was actually published as an appendix to the hearings, but almost nobody took note of this formidable and fascinating half-million-word transcript.
Least of all were its contents noted by the committee itself, which wasted the public’s money by simply discussing for days (with Fraternity figures like James V. Forrestal) the possibility, quickly ruled out, of centralizing American communications systems. There was not a mention from beginning to end of the discussions of the questionable activities of RCA and ITT chiefs.
Yet, in a curious series of exchanges between Wheeler and Rear Admiral Joseph R. Redman, who had been in charge of Naval Communications during the early part of the war, the cat leaped out of the bag in no uncertain manner.
Apparently under the impression that the hearings would never be published, Wheeler seriously sat and talked of some of the reasons that such events had taken place. He asked Redman the question, already knowing the answer:
“To what extent has American ownership of communications manufacturing companies in foreign countries, such as Germany, Sweden, and Spain, been of advantage, if any, to this country?”
Redman replied, “Of course, from an economic point of view, I am not qualified to say, but I would say this from possibly a technical or research point of view, you get a cross-exchange of information in the research laboratories.”
This amazing revelation by a high personage won the response from Wheeler, “And what about the disadvantages to us?”
Redman replied blandly, “While you are working on things here that are developed for military reasons, there may be a certain amount of leakage back to foreign fields.”
Wheeler asked, “How could you keep a manufacturing plant in Germany or in Spain or in Sweden, even though controlled by Western Electric from exchanging information as to what they were doing?”
Redman replied, “Well, we have had to rely a great deal upon the integrity of our commercial activities. Of course, if a man is a crook, he is going to be a crook regardless of whether you set up restrictions or not.”
Wheeler said, “Let us suppose that you have a manufacturing company in Germany and also one here, and they are owned by the same company, aren’t they exchanging information with reference to patents and everything else? . . . Admiral Redman, you are not naive enough to believe, if a company has an establishment in Germany and another in America, they are not both working to improve their patents, are they?”
Redman admitted, ”No, sir.”
Par for the course, I should have said. What lifts the Russian programme out of the ordinary is the way things spoken of in private went mainstream but of course, with no background to check it against and no sense of what goes on, say, at Bretton-Woods level, then it would be lost on the Russians who’ve already been through decades of this sort of samizdat knowledge of what the crooks at the top have been up to.
And this was also no surprise to those who study it.
Snippet from a reader:
Yamaguchi Japanese Finance Minister, later jailed] twas also responsible for the unauthorized and illegal issuance of the Japanese 57 Series Bonds which were issued using the Dragon Funds as Collateral. Yamaguchi was subsequently arrested and incarcerated for Fraud.
Obviously he is now out of prison and up to his old tricks. Some people never learn do they.
However, the fact that neither he or his Japanese accomplice were actually arrested or charged by the Italian Authorities, when they are undoubtedly and blatantly breaking Italian Law relevant to the carrying of cash / securities across borders, and International Law whereby they were in possession of stolen property (The UST Historic Bonds 1933/34 = $134 billion USD) whereby the intent was to commit fraud and criminal / fraudulent deception by virtue of the possible illegal use of the Stolen Property; is in my opinion evidence that there is something more than just strange about the whole issue surrounding the $134 bill UST Bonds and the actual people involved.
The door closed on that sort of thing until:
A week ago we described the sad tale of one Mahmoud Bahmani, who until recently supervised the unilateral destruction of the Iranian Rial, which on Friday just hit an all time low against the dollar down 21% in two weeks, as head of the Iranian central bank. While his currency-crushing performance would have been enough to get Mahmoud the “congressional medal of inflating away the debt” (not to mention a lifetime corner office at a TBTF bank of his choosing) at any self-respecting “developed world” banana republic, all of which have just one goal – to crush their currencies as Iran just did, in Iran it had precisely the opposite effect and let to his prompt termination.
Yet this story is merely a trifle compared to the recent developments surrounding his predecessor, Tahmasb Mazaheri’s, who led the Iranian central bank for just one year until September 2008, at which point Ahmadinejad fired him to make way for the recently laid off Bahmani. It is this same Mazaheri, who had been off the world’s radar for over 4 years, until he trimumphantly resurfaced yesterday, when German Bild reported that he was caught last month trying to enter Germany with a check for 300 million Venezuelan Bolivars (some $70 million USD) issued by the Venezuelan Central Bank.
So is there any point to all this? Yes – that any decisions you are making just now regarding your family ‘wealth”, unless based on commodities such as gold, which is largely wrapped up anyway, is largely hot air. Truth is what these people above decree it to be at any given time.
To buy a washed-up company at 20k and borrow against it for, say, 1m and then borrow against that company whilst paying off the original debt has something a little fantasy land about it, no? and because everyone’s at it, the party must go on. Perhaps the party will go on and as Osborne says, they just need to tweak things a bit – you know, calling the January 2012 collapse of five banks not a collapse – that sort of thing.
Everything you have and hold, from shares to bonds to bricks and mortar, has become fantasy land. Soon the BIS will push out the new paradigm Brown wanted to introduce to save the world – you can stay in that world or you can jump ship and live off the grid, realizing that that immediately labels you as an insurrectionist, isolating you and making you more noticeable and therefore easier to pick off at the appropriate juncture.
If your money is in a bank, you are trusting that bank to remain solvent. You may well be safe – when solvency is what bank chiefs determine it will be, then trading continues. When someone decides they’ll now call this insolvency, delinquent debt, then anyone inside that system also goes down. So rather than, as you think, it is your money in your account at the bank, in fact “your” money was invested by them long ago and all you have is an IOU from a fictitious insitution which makes rules on the run.
Now you by all means support that and stay inside and if enough people do that, maybe the game goes on and on and on. I prefer something a tad more solid.