April 2, 2012 at 3:02 am #8570
Raúl Ilargi MeijerKeymaster
Jack Delano Paper Pusher September 1941 Sheldon Springs, Vermont. "Feeding machine that grinds wood into pulp, one of the last stages in making p
[See the full post at: Disaster Capital Hits Europe]April 3, 2012 at 12:14 am #2248
Nice post. Conditions are certainly approaching where some sort of overt authoritarian measures will be required. It is interesting to see how they have been gradually implemented in the US, but I am not aware of as many measures being put in place in Europe. Will their introduction necessarily be more swift and obvious?
Will war (Iran or similar) be the pretext? False flag operation(s)? Some other kind of disaster? Or will we see more gradual oppression.
Keep your eyes open. Watch the magician’s hands closely.April 3, 2012 at 1:33 am #2249
“And if she doesn’t care, why should her compatriots? AP’s Geir Moulson writes that German public workers will get a 6.3% raise over 2 years, while their Greek and Spanish counterparts either lose their jobs or see their salaries cut by double digit percentages. Excuse me, but weren’t you guys in a monetary union together? In view of that attitude, why would the Spanish care about Germans any longer? They might waant to consider staying home for the summer holidays.”
What in the world are you going on about at the end there? The best thing the Germans could do at this point would be to ratchet up wage inflation so the south can become more competive. 6% over 2 years is nothing, not even a fraction of what is needed, and yet it sounds like you are implying that the germans should be accepting austerity in solidarity with the south.April 3, 2012 at 11:20 am #2257
Tony Blair already put lots of “emergency” measures in place in Britain, with no particular excuse. As for Europe itself, it is my understanding that Civil Law countries can declare emergency powers pretty much whenever, with much more impunity than under Common Law.April 3, 2012 at 3:02 pm #2258
I find the numbers interesting…46 billion in cut-backs or extra taxes/fees for a population of 46 million…that’s $1000 per person (4,000 for a family of four)….that doesn’t sound insurmountable for a first world country….can others comment on my position?April 3, 2012 at 10:09 pm #2268
The legal origins theory makes the distinction between civil and common law to investigate what economic effects it has on a country to follow either. Both systems should also have distinct but diverse effects on the ease of economic power grabs or on declaring states of [economic] emergency, how to specify the grounds and procedures for declaring and maintaining said state.
Article 103 in the dutch constitution is a bit dubious to that end, it references the possibility, by decree of the monarch, to suspend laws and several constitutional rights for emergency reasons of internal and external security.
Its not necessarily dangerous, maybe, if such constitutional emergency exemption clauses are transparent and democratically negotiable, if the applicable grounds for such emergencies are constricted and no legal components are secret. The US COG doctrine is seditious because it is alien to the constitution and the structure of common law, and completely shrouded in secrecy.
In any country the phrase of ‘national security’ is enough to supend or subvert most important protections and state structure, and to void rational thought in the political and legal realms. Im not sure whether common law structures are inherently less vulnerable to abuse when it comes to ‘national security’ or evil emergencies.April 3, 2012 at 11:49 pm #2270
TINW post=1853 wrote: What in the world are you going on about at the end there? The best thing the Germans could do at this point would be to ratchet up wage inflation so the south can become more competive. 6% over 2 years is nothing, not even a fraction of what is needed, and yet it sounds like you are implying that the germans should be accepting austerity in solidarity with the south.
A little too late for all of that “let’s make the peripheral Eurozone nations more competitive” talk, donchya think? The best thing Germany could do is cut their losses, get out and start planning for a completely different future than they expected before, which, incidentally, is the best thing all of the countries could do. How can it be the best thing if it leads to instant economic depression and social unrest? Well, that’s where we are headed anyway. Wage inflation in Germany sounds great, but, with most everything, it’s the context that counts. Doing that while keeping the Union together by essentially mandating wage (and standard of living) destruction on the workers of other sovereign countries is a recipe for an extremely painful future, despite the few marginal inches that the can may travel down the road. Either they keep you alive until the pain itself finally kills you, or they feed you pain killers and let the terminal illness take you away in relative peace – I would elect for the latter.April 4, 2012 at 5:16 am #2275
Now, the second part of that twin news item states that those same European leaders managed to come up with over $1 trillion to save EU member states, which of course should be read as: “to save the world banking system”
Gotta love that. Always seems to be another $1T hiding somewhere to backstop Bankster losses. I was told when I was a kid that “Money doesn’t Grow on Trees”. It must be Growing on SOMETHING though, because they always seem to be able to Harvest just enough more every month to Feed the Banks.
I want one of those Laptops with the “Infinite Money Creation F4 Button” on it! Where do you download the App for this? Is it on DaFed.com Website? If you need to be a Member for the Download, I’ll fork over my Email Addy and all my Demographic Information also for data mining purposes! Hell, I’ll even give Google Carte Blanche to capture my entire hard Drive and every Keystroke I make also! I’ll keep my Cell Phone turned on all the time also so they can track me every time I go to the toilet to take a shit! I’ll also Video it so they can add that to the database! Just give me that damn App already!April 4, 2012 at 11:28 pm #2292
“…………to prop them [banks] up instead used to help the people whose money it is – or was, more accurately – in the first place?
Are you sure the trillions of Euros used to prop up the banks really exists? Same with dollars and Yen. What if a dictator somehow seized power, worldwide, and declared all fiat null and void?
Would that stop Saudi Arabia from trading oil for oranges? Or you from trading your labor for a plate of steak and potatoes?
Fiat currency has gone well beyond the concept of money, and is now off in some other universe. It will be almost impossible to go back the other way, to strictly paper bills. We are going to have to go back to commodity money of some sort, at least for a few generations. With modern debit card technology, this will be easy. Just don’t be a bag holder of fiat, lol.April 5, 2012 at 8:12 am #2301
@ pipefit Would most likely be gold and silver, worked well in the past and are real. Digital system using both already in place via goldmoney.com.April 5, 2012 at 8:36 am #2302
Golden Oxen post=1905 wrote: @ pipefit Would most likely be gold and silver, worked well in the past and are real. Digital system using both already in place via goldmoney.com.
“Digital Gold” is a Ponzi waiting to happen.
REApril 5, 2012 at 8:49 am #2303
@ RE No doubt when the term is used broadly: in the particular site mentioned however their credentials are impeccable IMHO. In no way am I suggesting that gold in the hand is not the only way, I merely point out that this is a trustworthy site for someone desiring a gold or silver checking account.April 5, 2012 at 1:51 pm #2306
Hi RE-I’m not sure what you mean by ‘digital gold’. If you reread my post, you will see that I specifically said DEBIT cards, not CREDIT cards.
As you seem to be aware, there are many forms of paper gold floating around right now, including futures contracts with scant warehouse gold to back claims, long and short. I would agree that there is a ponzi critter in there somewhere. Also, the gold ETF’s are said to have dubius backing, from a physical gold standpoint.
That is not what I’m talking about. I’m talking about a person, such as yourself, that takes an ounce of gold to the bank, and leaves with a debit card that has one ounce of gold of buying power. You go to the store and load up grocery cart, and pick out your flat screen TV, and then you swipe your card. Your receipt, if it shows your balance, would say that you have 9/10 of an ounce of gold on your card, if your purchase cost 1/10 ounce.
If your employer owes you an ounce of gold, he can hand you the ounce, or you can opt for direct deposit.
I would expect a bi-metal system, (or even tri-metal) would emerge, and you would pay with silver dimes at small out of the way places, and even copper coins to pay token expenses.April 5, 2012 at 1:55 pm #2307
@ pipefit That is exactly what goldmoney.com is.April 5, 2012 at 7:20 pm #2318
That is not what I’m talking about. I’m talking about a person, such as yourself, that takes an ounce of gold to the bank, and leaves with a debit card that has one ounce of gold of buying power.
If you have a BANK involved, then there are BANKSTERS. Who does the accounting? Who does the Inventory? Who writes the software? Who assays the Tungsten? BANKSTERS! Gold will magically disappear from your account and appear in theirs. Poof!
REApril 5, 2012 at 7:37 pm #2319
RE-I’m not saying they won’t hit you with outrageous fees, for example if overspend your gold value. But when I say ‘bank’, what I really mean is is an institution that cannot engage in fractional reserve banking.
Example. You deposit an ounce of gold in the bank, at agreed upon terms, for a specific length of time. (maybe they must pay your account an ounce of silver per year. You give the bank permission to loan your one gold ounce out to someone that wants to buy a car. The length of the term of the auto loan must match your deposit contract with the bank. No lending long and borrowing short. Will slizzards find a way around the rules? Probably. But that is much different than today, where there absolutely no rules what-so-ever.April 5, 2012 at 8:33 pm #2322
@ PF & GO
The number of reasons such a scheme won’t work are vast and I’m not going to go into all my arguments deconstructing it here. If you are interested, you can read my Theory of Everything Parts I&II for a start.
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