jal
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The B.C. gov. and the teachers union are at a stalemate.
The gov. is saying that they will not put in more “surplus” into the system and the teachers are saying we need more at the front line.BOTH are incapable of proposing or reducing or re-allocating any of the “surplus” from the top of the education budget to the bottom, front line, where it is needed.
This whole business of borrowing to live today, (as a Greek, or a student), does not make any financial sense if there is no way out or any gain for society.
Whoever, bank or gov., that lends money to someone for none wealth creation, ie. second hand recycled liquor, has just seen his loan disappear.
To think that the smartest educated people in our system/society would subjected themselves to become slaves to the interest gathering lenders without having found a way out of the predicament tells me that they really are not very smart or they are very gullible.
Both scenario does not reflect very well on the future of our society.
Therefore, a way must have been found to avoid debt slavery and save our society.
Rather than give you an analyst of the complexity of how money flows in the education system I’m going to tell you a simple story and you will be able to figure out how it applies.
STORY
Grubstaking
It is impossible for a merchant to do grubstaking if he does not have any surplus.
A merchant grubstakes a prospector for 20 year. The prospector never found any gold. For 20 years, the merchant used his surplus to support the prospector. For 20 years the surplus was consumed by the prospector. After 20 years the merchant does not have any surplus and must stop grubstaking the prospector.At the end of 20 years, there is no way that the prospector can or would pay back the merchant for his grubstake. The expectation of both party was going to be the discovery of new wealth that both of them would be able to share.
Pretending that the grubstake was a loan with interest does not change the fact that it cannot be paid back.
A society that does not have any surplus or cannot or will not grubstake the education of its population will be a society of child labor. The amount of education that a society can do is limited to the surplus that it has.
The web is so interlinked with the business community that if it would stop working it would cause chaos.
The web has also become an intergrated part of j6p means of educating and communicating. Knowledge is spreading and it isn’t always what the bosses want.
Example
Tunisia’s revolution started the Arab Spring and was in large part due to the web.Peoples attitudes are changing.
Think of the effects of a soldier killing 17 Afghans. It certainly a negative for the NATO forces.Think of the block watch captain killing a black 17 yr old.
There is uneasiness among the population and an unrelated event could be a spark that changes everything for the status quo.
Everyday someone else starts to question the status quo and looks on the web for answers. Those wanting to work in secrecy are having a harder time hiding their misdeeds and finding acceptable explanations.
I’ve noticed your question but did not want to answer prior Ilargi.
MY response will more than likely be different than Ilargi and what you expect.
1. Of course they are holding it together and if they had not changed the rules or ignored the existing rules they would have failed.
Yes, they cheated. Its in their interest to cheat and to keep the system going.2. They are making things go their way and will continue to do so until a lot more infighting starts among the players. B. Maddoff preyed upon his peers and nothing happened to the financial system.
You can come up with the more recent examples of preying upon each other and there was no failure of the system.3. Its not a question of power … its a question of collusion.
Ever since 9/11 rules have been made, changed and ignored.
Yesterday is gone.
The 99ers have never been their concerns and now we know it.
They don’t care that we know it.
As long as our cash flow continues we will remain peaceful.As an example, there was an interview of a couple who are teachers, in Greece, who had their total income cut by 50% and yet with the inflation eating into their remaining income they still don’t see the big picture that is being presented by I&S.
Eventually, there will be a reset because infinite leveraging and exponential growth is unstainable.
If you have been reading TAE and other bloggers then you know that I’ve not told you anything that you did not know.
If you are here then you are a smart frog.
Damm it!
I see that some of my posts have been made invisible.
Well I hope that the same thing will happen when the waves of refugees begin their march.
@ Swineherder
All good advise.
Some more wisdom to keep in mind.
All small communities have got their pecking order. There is a “king in every piss pond”.Bloods is thicker than water and even if your spouse/partner was/is from that community … you will always be an outsider.
Accept it and deal with it.One more thing.
Be ready to become meek.
You don’t have to eat shit.
You can operate the honey wagon and turn barren soil into gold.Hi Bukko! Glad to see that you made the transition to this new blog.
I follow
https://vreaa.wordpress.com/Vancouver Real Estate Anecdote Archive
Stories From The Boom & BustTo try to get a balanced picture.
Anacdotely, I’m observing that the number of house that require maintenance, like paint, seems to be increasing.
To me that is a sign that people’s budgets are strained.I also keep an eye on what is for sale at
I see that some images are being accepted without any problem.
I’m going to repost my first post without an image.
===
This is a great introduction. By inspecting our motivators we can get an understanding of why we are where we are.
There have been social structures that have survived longer than the “capitalist model” that we are presently “enjoying”. (Egypt, Rome etc.)
For those systems to have lasted as long as they did, they had to have put in impediments in their structures that would minimize the constant driving motivators inherent in everyone.
If you look at the historical documents you will see them.
I will summarize …
1. Motivator #1 “I want to have a better life than my parents and I want my children to have a better life than I have”
( I want my kids to give me the lifestyle that I have always dreamed about.)
Geeeees!
Original post has disappeared and what is worst … my answer
Therefore, a repeat for the hacker.
This is a great introduction. By inspecting our motivators we can get an understanding of why we are where we are.
There have been social structures that have survived longer than the “capitalist model” that we are presently “enjoying”. (Egypt, Rome etc.)
For those systems to have lasted as long as they did, they had to have put in impediments in their structures that would minimize the constant driving motivators inherent in everyone.
If you look at the historical documents you will see them.
I will summarize …
1. Motivator #1 “I want to have a better life than my parents and I want my children to have a better life than I have”
( I want my kids to give me the lifestyle that I have always dreamed about.)
This is a great introduction. By inspecting our motivators we can get an understanding of why we are where we are.
There have been social structures that have survived longer than the “capitalist model” that we are presently “enjoying”. (Egypt, Rome etc.)
For those systems to have lasted as long as they did, they had to have put in impediments in their structures that would minimize the constant driving motivators inherent in everyone.
If you look at the historical documents you will see them.
I will summarize …
1. Motivator #1 “I want to have a better life than my parents and I want my children to have a better life than I have”
( I want my kids to give me the lifestyle that I have always dreamed about.)
Something to read from CHS
https://www.oftwominds.com/blogmar12/no-choice3-12.html
We Have No Other Choice (March 15, 2012)… Actually, the entire fraudulent tapeworm could be killed with a single page of legislation, or more correctly, a single five-point paragraph: To wit:
1. Commercial banks cannot conduct any investment banking, and investment banks cannot conduct any commercial banking. Any financial institution that accepts deposits or issues loans or financial instruments of any nature will be regulated as a bank.
2. All assets of any nature must be listed at the close of business daily marked to market, as in the futures and options markets. If there is no regulated market for a class of financial instruments, the Treasury is instructed to establish and regulate a market for that class of financial instruments. Holding assets off-balance sheet is a criminal offense with a minimim fine of $10 billion per asset. If the fine cannot be paid in full, the FDIC is instructed to seize the bank and liquidate its assets in an orderly and timely manner.
3. No bank will be permitted to have assets or liabilities in excess of the smallest gross domestic product (GDP) of the 50 states.
4. No private banks may create any money through debt. All loans must be made out of existing deposits and equity. (via David V.)
5. No exceptions or exemptions are allowed to these statutes.
That would pretty much do it. Separate commercial from investment banking, require all assets to be marked to market every day, and limit banks from expanding to the point of being able to blackmail the nation, i.e. “too big to fail.”
Instead, by one count, Dodd-Frank requires regulators to create 243 rules, conduct 67 studies, and issue 22 periodic reports. Does anyone seriously believe this complexity will “fix” anything?WaWaWa!
They stole our money and nothing is happening!
Karl, at market ticker, made a link to the following
https://deadlyclear.wordpress.com/2012/03/15/securitized-distrust/
“… we ran a random audit on WaMu Mortgage Pass-Through Certificates, Mortgage Loan Trusts. One loan was found in 6 different trusts, another loan was found in FIVE trusts’ original SEC loan level data, 39 were listed in 3 trusts, and 503 were listed in two separate trusts.
The winner so far is a NEW YORK condo, loan number WaMu loan # 714934858, appeared in 6 DIFFERENT trusts from May through November 2006…”Did you see the 50 page list of wealthy tax evaders?
European MF Global Clients Furious After KPMG Releases Their Home Address, Holdings Details
I agree … greeks are suffering.
A story …
A greek walked into a bar and pulled out his little bag of gold dust and shouted ,”A drink for all my friends”.
The bartender said, ” show me your dust”.
The greek quickly flashed his dust and said, “See, I ‘m good for it”.Since the bartender did not have scales he had to put the bill on the tab.
This went on for a long time. Every time that the bartender was going to refuse to give another drink, someone would advance some cash to the greek until the assayer would come around to exchange what was in the bag of dust for money.
However, one day, when the greek was not looking, a lender looked into the dust bag and found that it contained only fools gold.
Realizing that he would not get his promissory note honored and that the greek could not return any of the liquor that he had bought, he sold his promissory not to another lender and got out of the bar.
The stories started circulating that the greek had fool’s gold in his bag.
Since all the lenders and the bartenders were not fools, they all tried to find someone to take their promissory notes before the assayer got into town to do an evaluation of what the greek had in his dust bag.Gold or fool’s gold??
Tell me what will happen to the drunken passed out greek.
Will the bartender take back his liquor in a piss bottle?
Will the lenders take back their money from the bartender and thereby make his problem doubly hard?
Will the lenders go home and tell their grandma that they made a bad investment and that grandma lost all her money and must live in the street?
Will killing the greek solve any of the problems?
(If you like my story you could give me a Thank You)
The Greeks Were Given an Opportunity to Dig Their Own Graves
Let me fix it
“The Greeks Were Given an Opportunity to Dig The EU Graves”
Since joining the EU they have been receiving but have not been able to pay for any of it.
Greece for one would have a hard time making it without most people living in real poverty.
A small difference … The whole world is going to have a hard time …
with … A new world order … steady state … no growth … zero sum
and living without a credit card and living within your means.
Its acoming for everyone.
Greece is now on its way to a real disaster
What disaster??? … END OF GROWTH!!!
BUT …
It is the end of growth for everyone.
We are on the edge of starting a new system.
The big question is “Why do people want to continue with the status quo?”
“Why do people fear change and avoid it until the last moment?”
Is it because we only accept change IF we can foresee benefits?
BUT
Doesn’t those “benefits” mean “better” mean “growth”?
Fear of losing and getting a worst life freezes change from happening.
Its basic psychology … understanding motivators.
A new world order … steady state … no growth … zero sum
There has to be a global recovery.
Its an other word for exponential growth.Reality is that if one part of the globe has growth then it has to be at the expense of another part of the globe. Since we have reached peak everything we have also reached a zero sum game.
I’m sure that a simple example for newbies will suffice.
German wants to grow its production, (GDP), BUT it can no longer lends money to the greeks to buy their products.
Greece has an austerity, must cut its purchases, so its GDP goes down and since Germany cannot sell its production because they do not have any money then Germany’s GDP goes down.
Cut off the loans and you cut off the growth.
See … If you cannot have growth then you got to invent a new system.
Soooo many nations have been living off their credit cards
Soooo many nations have been living beyond their means.If it wasn’t for the printing of funny money, the system would have reset itself long before now.
Who cares???? Not the beneficiaries of this overspending.
Who would refuse a chance to get out of an old dilapidated apt. and get into a nice house with good schools for less than the cost of that shitty apt.
The bankers are afraid to cut up the credit cards and the greeks are taking advantage of it.
The bankers are going to have to print more funny money to prevent their own system from falling apart.
We are totally in the dark about greek life..
We need boots on the ground that can give us day by day reporting of what is happening with their lives.
Greenpa post=1149 wrote: … The entire country has no visible means of support; and hasn’t for 100 years. Yet- their standard of living continues to be far higher than average around the world. I’m thinking they’re coasting on the material inputs from centuries of colonial strip mining- moving resources stolen from India, etc, into the UK as fast as they could, for a very long time. Much of it was used to build permanent infrastructure- that still functions, and needs little upkeep.
So; they coast; while the majority in India are still as poor as ever (or poorer).
It all seems insanely stable.
What !!!!
You are saying that China has stolen and improved an idea from the UK!!!!
Move resources from everywhere in the world to China.
Add value to those resources by building empty cities with those resources.
Expect that in the future, (post reset), that those resources will be scarce and therefore, can be recycled cheaper that trying to get them from other countries.
https://www.zerohedge.com/news/eight-hundred-pound-greek-gorilla-enters-room
The Eight Hundred Pound Greek Gorilla Enters The Room
Allow me to now present to you the “OTHER” Greek debt that is outstanding and will have to be accounted for as the country defaults. Detailed below are some of the “OTHER” sovereign obligations of the Greek government which have now been submitted to the ISDA and I list some of them below. You will note that there are bank bonds, Hellenic Railway bonds, Urban Transportation bonds et al that are guaranteed by Greece. You will also note that there are bonds tied to Inflation, Floating Rate Notes, Asset-Backed securities and a whole mélange of other structured products with a Greek sovereign guarantee. What we all thought was fact is now clearly fiction and default will now bring “Acceleration” one could reasonably bet in all kinds of these securitizations and in all kinds of currencies. This could come from the ratings agencies placing Greece in “Default” or it could come from the CDS contracts being triggered depending upon each indenture and you will also note that a great many of these off balance sheet securitizations are governed by English Law and not Greek Law. You may also wish to consider the fallout to the banking system as the lead managers of all of these deals could find themselves behind the eight ball as various clauses trigger and as the holders of these securitizations line up at the judicial bench [ZH note: there is a reason why Allen & Overy is getting paid $1500 an hour to indemnify ISDA with a plethora of exculpation clauses – they know what is coming] The ISDN numbers are on all of these securities and the lead managers may be found on Bloomberg or other sources as well as the holders of the debt. The curtain just lifted and the show is about to get way too interesting!
The full ISDA list may be found here: https://www2.isda.org/preliminary-greek-obligations/Greeks cannot pay back their first loans so lend them more money so that they can ask for more money.
How many times do the Greeks get to scam the bankers before they get the picture and say no more loans.
Maybe never. After all its not their money or its not even real money.Greece – Round III, In Which We Learn That Greek Debt Actually INCREASED Post-Default
The Debt of Greece
The somewhat amusing part of this entire transaction is that the debt of Greece has been INCREASED. Greece and the EU handed private holders $138Bn in write-offs but with the addition of the new loan, $171Bn, the gross debt for Greece increased by $33Bn and this is if all of the legal challenges favor Greece. The total debt of Greece (sovereign, municipal, corporate and bank) has just increased from $1.20 Trillion to $1.233 Trillion and all accomplished by this brilliant plan that did nothing except to tag investors and ramp up the debt load for the country.Since the system is so complex, it cannot be allowed to default. Therefore, expect the bankers to keep paying for the degrading lifestyle of the greeks.
FLASH NEWS:
4,000 CREDIT DEFAULT HAVE TRIGGERED
It’s a done deal???
Now the fun will begin!
The Greeks have taken the bankers to the cleaner!!!
The bookeys have got to explain why they will not pay out on the winning bets!
There will be losses among the 0.01% and maybe some payback by the knee smasher.
China can do what the west will not do.
With a stroke of a pen … debts are wiped out
With a stroke of the sword … the 0.01% are wiped out or they are sent overseas, to their doomstead, to continue their cash flow extraction skills for the benefit of China.
Myths are everywhere.
Since this article is referring to christian myths, I thought that you might like to take apart the 50 virgins myth with a few questions. The answers might make someone think twice before dying for such goals.Those 50 virgins had to die to be in the afterlife to do your bidding. There cannot be that many left on earth.
Is the pool of 50 virgin in the afterlife limited by age, religion, race, looks or relationship to you?
Are the deflowered virgins discarded and replaced with a fresh supply? Eternity is a long time.Perhaps, it would be best for those young men to put their destiny in their hand rather than to rely on the promised pleasures of the afterlife.
Modern Myths that Destroy Humanity
I now get “Article cannot be shown”
Too bad … I already read it.
Summary … hehehe
Christianity reversed the earth magnetic pole, 2,000 years ago and my compass has been pointing the wrong way all my life.
A reset will reverse the magnetic poles.
Trying to post to this article gets me ” invalid post ID”
Quotations from The Antichrist
Christianity “…turned every value into an disvalue, every truth into a lie… it created distress in order to eternalize itself.”It has “…contempt for every good and honest instinct… and its Beyond is its will to negate every reality…” Nietzsche believed that Christianity is a conspiracy “…against health, beauty, whatever has turned out well, courage, intellect, goodness of the soul, against life itself.One more try to post.
heheheh!
I tried a “thank you” and it did not work.Like you, I cannot see the answers. The future does have some kind of reset baked into it.
A large percent of the world population will be negatively impacted by the reset.
Your observations have not even looked at the negative impacts that the other PEAKS will have on our present lifestyles.
Its too bad that so few people have the ability to use a compass and do map reading.
AND you though that the any rules that were an impediment to the survival of the banking system would not be changed …
Think again
Greece Default SWAPS Don’t Have to Pay: ISDA
What a beautiful scam … collect insurance premiums but never pay for any claims.Yes , I agree, I’m patient, I assume things will improve.
Is this what you are looking for?
Doomstead Diner Hydroponics
Category: Life Boat| Topic started 2 days, 8 hours ago by Reverse EngineerIts under recent topics.
I’m having difficulties staying logged on and re-logging.
Keep an eye on that part of the program. Its seems to be acting up.El Gallinazo said …
In a severe deflationary collapse, most assets will drastically lose value in nominal terms.alfbell said …
Only those who saw through the veneer and stayed in cash are able to survive because in a deflation… CASH IS KING, because cash is scarce.
The best strategy may very well be to “be the bank”. Figure out the strategy of the power elite and do exactly what they are doing at the level you are capable of.
Dig Dirt …
I agree big time with the skills thing too. In an attempt to mitigate the disaster of financial shit going down, it is well worth the investment in reducing exposure to need money in what ever form.I might add,
Position yourself to be able to make a secondary cash flow that is not taxable.
Keep in mind that local gov. and all other levels of gov. will be wanting more of your income to meet the obligations of past promises which cannot be kept and of course to pay off loans that they made.Learn the “Greek Way”!
