Debt Rattle June 8 2015
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Unknown Army of the James, James River, Virginia. 1865 • The Troika Is Supposed To Build Greece Up, Not Blow It Apart (Guardian) • Greece Updating Pro
[See the full post at: Debt Rattle June 8 2015]Maya? Surely you mean Mara, the God of dischord. She seems to be running gangbusters lately.
Canada’s going to give Russia what-for! Just you wait and see!
Just goes to show how out-of-touch THEY all are…..on so many levels.
Federal Treasurer Joe Hockey to home buyers: Get a better job.
<sigh>
Regarding Bristol Money:
There have been several attempts to create a local currency, but the powers to be did kill it somehow. Interesting sample is the “Wörgl Experiment” in Austria in the thirties.
http://www.lietaer.com/2010/03/the-worgl-experiment/Nicole addressed Wörgl here at TAE in Mitigating a Liquidity Crunch .
VisionHawk – “Just goes to show how out-of-touch THEY all are…..on so many levels.
Federal Treasurer Joe Hockey to home buyers: Get a better job.”I wonder if they’re really “out-of-touch” or whether it’s more that they’re “out-of-something-to-say” because they know they’ve purposely caused house prices to inflate by their constant intervention into the market. It’s like, “Whoops, these suckers are never going to get a property, not unless they get a better job.” Then laughter all round.
They know what they’ve done. It was intentionally created and manufactured. Getting a better job is all they have left to say. Isn’t that swell? Tough luck, suckers, it’s beyond your reach now!
Ilargi – “Canada was once a nice country. Harper changed all that.” I’d say the beginning of the downfall was with Mulroney. I still remember him fawning all over the Gipper (Ronald Raygun). Reagan, Thatcher, Mulroney….. But you are right, it’s been all downhill since then, and Harper is merely pounding us into the ground.
He’s courting the Ukrainian vote and trying to keep his U.S. master happy. He’s in the big club now, all important. Hope he fries in the next election.
Raúl Ilargi
It is regrettable to see historical bunkum such as that “103 years later, …” tripe being repeated here. It is fine over at Zero Hedge where the audience would applaud such piles of steaming shite as long as some conspiracy theory could be attached – not a lot of bright sparks at that site.
This “103 years later, …” is nothing more than an unsubstantiated interpretation of second-hand information of an event held in private having no direct knowledge from any witness that can be verified. Damned thin ice to be constructing conspiracy edifices upon – but if it is repeated often enough, some fraction of fools will undoubtably believe every word, comma and period of such conjecture.
Those who subscribe to “103 years later, …” will be found to be sorely lacking in any idea how the banking system operates and why it is structured as it is. These nimble numb-brains will also be incapable of understanding money, what it is, how it works and in what varieties money can appear. About the only thing they can do is find some jackass spouting libertarian non-sense that they think (stretching that term to its fullest – believe, would be the more suitable term) they may agree with because ‘it sounds good’, just like they themselves believe, their only measure.
What is conveniently overlooked is the historical context which that meeting on Jekyll Island took place and the effort of private parties knowledgable of the banking process to safeguard the public interest; despite the oft repeated furore of the delusional ignorant to the contrary. These wilfully ignorant will deceitfully hide the history of what preceded that meeting of the most experienced as well as successfully knowledgable leaders of the banking community at that time, what they constructed was the most sophisticated and responsive organisations ever devised to accomplish economic stability – that was their fundamental interest as well. What the world has since done with those constructs is entirely another story, another history. You will cloud forever the actual origins of these institutions if you persist in repeating the disinformation contained in “103 years later, …” and will not find any path to where you are now, nor will you find solution pertaining to developing the future. Do as you will.
@ T-Bear
Spot on post.
For those interested in history;
https://www.jekyllislandhistory.com/federalreserve.shtmlAn interesting/informative read…
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