Debt Rattle Sep 29 2014: A Rare Sane European

 

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  • #15423

    W.H. Jackson Rice Creek near Brown’s Landing, Putnam County, FL 1890 Something tells me I make get into trouble with my Czech and Slovak friends – and
    [See the full post at: Debt Rattle Sep 29 2014: A Rare Sane European]

    #15426
    Professorlocknload
    Participant

    So the Fed is gonna knock our socks off? Uh,oh!

    #15428
    rapier
    Participant

    Fisher “I think we could suddenly get a patch of high growth, see some wage-price inflation, and that is when you start to worry.”

    Let’s set aside the ‘price’ part of wage-price inflation because the phrase is intentional disinformation.Greenspan used to go before congress and tell them if wages began to rise he would slam on the brakes. The peoples representatives kissed his ring. This is democracy in action?

    It goes without saying asset price increases were not considered inflation.

    Now after 5 years of QE when probably half the homeless know that it is inflating assets nobody at the Fed will admit it while continuing with this “wage price” crap, and nobody in the Beltway has a clue. Some of them do wring their hands about inequality. You can’t make this stuff up.

    #15430
    jal
    Participant

    I have a question about printing money.

    If I print money and lend it to you, You will give me a cash flow to pay back the loan with interest. If I wasn’t a good loan officer, I would have taken no colateral or bad colateral that I could seize if you were to default and not continue the cash flow.

    The assets that I would seize would enrich me for a second time.

    I printed the money … I don’t need to pay it back to anybody.

    I would think that the central banks would also make sure to be in the position of not paying anyone for the money that they printed.

    What would be the consequences?

    #15431
    Raleigh
    Participant

    Bill Black on Eric Holder – “And I couldn’t believe that he would leave without at least having one attempted prosecution against these folks.”

    Not going after white collar criminals is why he was chosen in the first place. These are the very types of people he represented at Covington & Burling, a Washington, D.C. law firm, before he became Attorney-General.

    They certainly weren’t going to risk asking an Elliot Spitzer-type person who would have gone after these guys. The bankers KNEW what they were doing in the lead-up to 2008 (fraud, conflicts of interest, insider trading, etc.) even before Obama got elected. They would have made sure they got who they wanted before they even backed Obama.

    Same with Obama, chosen because he would do nothing. The people got to vote, but only after two candidates (Obama and Romney) were carefully chosen.

    Bill Black is a good man, but IMO is far too surprised all the time, to the point of being naive. It’s as if he thinks Holder didn’t know what he was doing. Far from it.

    #15432
    Raleigh
    Participant

    rapier – “…and nobody in the Beltway has a clue.” Of course they have a clue. Immigration is still way up, illegal immigration is way up, thousands are crossing the U.S./Mexican border from Central America. Wages are going nowhere. That’s why they’re letting them in. Increase prices (more demand), but decrease wages (more supply).

    #15433
    V. Arnold
    Participant

    @ Raleigh
    “Of course they have a clue.”

    Yep, agree.

    Time to get off the merry-go-round. End nostalgia, it’s a lie, Maya.
    Everything you’ve been taught is wrong. Everything you’ve been told is wrong. And finally, everything you believe is wrong.

    #15434
    TheTrivium4TW
    Participant

    Hi rapier,

    >>I have a question about printing money.<<

    “Printing money” is a terrible phrase because it is very misleading. They are issuing money based on debt – debt based money. I know you know this based on the rest of your post, but I recommend using the words that most accurately describe what you are expressing. Nearly everyone thinks printing money equates to printing Monopoly money and, when two much comes off the presses, there will be uber inflation.

    >>If I print money and lend it to you, You will give me a cash flow to pay back the loan with interest.<<

    You don’t have to pay interest, I do as the borrower. You just have to retire the principle as I pay it and you get to pocket the interest. Unless, of course, you are a TBTF&Jail Debt Money Monopoly corporate front. Then it doesn’t matter how bankrupt you are, you just mark to myth and everyone pretends it is all good.

    >>If I wasn’t a good loan officer, I would have taken no colateral or bad colateral that I could seize if you were to default and not continue the cash flow.<<

    The better debt money criminals require good collateral. Do you know WHO has the best collateral? Your GOVERNMENT.

    >>The assets that I would seize would enrich me for a second time.<<

    Absolutely – you start with nothing, lend money into existence and then use your control to fraudulently bankrupt tranches within society and you sweep up their assets for yourself. Their very real assets.

    >>I printed the money … I don’t need to pay it back to anybody.<<

    Technically, you are supposed to retire the principle as it comes in. However, you don’t have to pay interest on the money you created on the ledger. Only the chumps pay interest for money generated solely on their debt obligation.

    >>I would think that the central banks would also make sure to be in the position of not paying anyone for the money that they printed.<<

    Some animals are more equal than others.

    >>What would be the consequences?<<

    You are living in the consequences… just look around.

    #15435
    TheTrivium4TW
    Participant

    Boogaloo, Re: yesterday’s post.

    I hope you are right that the American people grow a backbone and prevent the Debt Money Monopoly from pillaging them wholesale.

    My observation is you are betting on a serious change in America – because the majority of people I interact with are running around with a political IQ less than their shoe size and a monetary IQ less than half that.

    These are the people that think Putin invaded the Ukraine and the (Debt Money Monopoly financed) Western nations support democracy.

    The fact that the West overthrew the democratically elected government and installed a Debt Money Monopoly shill is completely and totally lost on these people.

    Also keep in mind that the major incentive of TBTF&Jail multinationals is to wipe all their competition off the face of the planet. $100 homes would do that. I doubt they get that low, but not because Americans somehow wake up and address the real issue that has evaded them for 100+ years even when I explain it using applied 5th grade math. Rather, the Debt Money Monopoly Bankster corporate fronts will secure control over millions of homes through foreclosure. Yes, they will be dramatically underwater and fully bankrupt, BUT THEY CAN’T FAIL – ONLY THEIR COMPETITION CAN FAIL.

    In addition, the trillions in debt proceeds (money) will be spent in order to buy up resources for pennies on the dollar.

    I agree the level of stress between Debt Money Monopoly predator and their chump prey will increase with unexpected results.

    However, I observe the Debt Money Monopoly financing a police state at an alarming pace… that doesn’t bode will for a peaceful future because the Debt Money Monopoly capitulated to a population of clueless people.

    I hope I’m wrong, but I wouldn’t bet that way.

    #15436
    Raleigh
    Participant

    Professor – “So the Fed is gonna to knock our socks off? Uh, oh!”

    Maybe it’s like Ilargi said yesterday: “What’s going on is abundantly clear, because it is so simple. The intention of the New York Fed as an organization is not to properly regulate, but only to generate an appearance – or illusion – of proper regulation. That is to say, Goldman will accept regulation only up to the point where it would cut into either the company’s profits or its political wherewithal.”

    They appear to want to raise the dollar and interest rates. They will create the appearance, the illusion, of a growing economy in order to justify it. If it’s of benefit to the banks, they will get ‘er done.

    #15437
    Raleigh
    Participant

    Jef Jelten from yesterday – “Ilargi – You continuously condemn all humanity as inherently bad when humanity is simply ACTING badly. Acting a certain way in certain circumstances is called behavior. Behavior is elicited by environmental conditions, i.e. the situation. In other words it is possible to elicit any kind of behavior that humanity is capable of simply by controlling the dominant situation surrounding humanity. This dominant situation is …No Money = You Die!”

    Jef, you hit on the key word: ACTING. That’s what I see most people doing; they are not conscious. The ones who go to church may obey what the Bible/minister tells them they should be doing. Others may follow what their parents/government/mass media tell them they should be doing, or what their friends/co-workers are doing. We are acting, copying, following along without questioning, thinking for ourselves.

    Because we have not been thinking for ourselves, we have let others dictate what we should pursue. And you are right, we have been led to believe that chasing money is the thing to do, and we have swallowed that hook, line and sinker. Of course we need enough money to live, but we don’t need to be chasing it to get more and more.

    Humans are not bad. They are just not conscious of what they’re doing. They don’t realize they are merely acting.

    #15438
    jal
    Participant

    @ TheTrivium4TW
    You did a good job of picking up the torch.

    Simple answers need repetition.
    Thanks

    my Q.: What would be the consequences?
    your A: You are living in the consequences… just look around.
    I assume that you mean more than my 100 km radius.

    #15439
    Jef Jelten
    Participant

    Raleigh – I see it as much worse than that. The way you put it is too passive and says that people are “acting” badly without asking why.

    First I believe that most people underestimate the connection between money and dying. As all or at least most psychologist and behavioralist understand fear of dying is THE number one concern on every living persons mind consciously or otherwise.

    Second is I could make any one of you behave any way I want by controlling your environment. This is a fact.

    We have allowed ourselves to be organized/structured under a super system that is guaranteed to bring out the worst behavior in our nature. We know this is is true but we have been programed to believe there is no option and in fact this is the best situation and if there is any bad behavior it is because we are just dumb, evil beings.

    We could understand that we have the potential to behave badly and structure ourselves specifically to avoid eliciting those types of behavior.

    Why is this discouraged, frowned upon and flat out not allowed?

    #15440
    Gravity
    Participant

    https://en.wikipedia.org/wiki/Akrasia

    Gravity is a reciprocal algorithm.

    #15441
    Jef Jelten
    Participant

    “Economic control is not merely control of a sector of human life which can be separated from the rest; it is the control of the means for all our ends. And whoever has sole control of the means must also determine which ends are to be served, which values are to be rated higher and which lower-in short, what men should believe and strive for.”
    
Friedrich Hayek

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