jal
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Ben Bernanke, Deflation: Making Sure “It” Doesn’t Happen Here, November 21, 2002
Something from nothing.
This is the greatest idea since ????
No more work … we all become rich bankers.
No more poverty … we all become rentiers.
No more deflation … we can all go to university
No more begging for money for a cup of coffee … just begging for a cup of coffee.
Hurry … make it happen.
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Send me cash Janet.
I’ll make more fucking ammo and grow more rice with it.
I’ll be rich off the sweat of others.
===“… look at what goes on in Ukraine, Iraq, Syria, the Gaza Strip …” etc.
The call went out, with the web, to the most despicable, dangerous and unstable of the human race. They answered and came in droves from every country. They became the mercenaries of the elites. They got trained and fought in those areas. hehehe … those despicable humans were only the pawns of greater, wiser, of holders of power. Those pawns will get destroyed because they could become a threat to the elites. The leaders of those pawns did not and will not go into a killing zone at the beck and call of the elites.
Terrorism will not be eliminated by the elite. Terror will continue to reign.
The survivors of the killing zones will be the ones to fear.@ Raleigh
Your version of the events are not what the “TV” and other blogs have been telling me.
I don’t accept your version. I don’t accept the other versions.
This could be the start of the american version of “the Arab Spring”.
The last time that I looked, I could not find who had been the previous owner of that barrel of oil. I think that its all blended along with the prices.
It doesn’t matter who owned the resources. It will get sold and get bought by the highest bidder.
@ rapier
” … I am sure by now you have seen the internet TV station journalist saying 1.5 million in the Donbass region are superfluous and need to be eliminated. I won’t link.”There’s not enough resources to accomplish such a task. There would be even less resources after. The toll would be double and from both side.
It ain’t going to happen. ( my banker said so )
Please explain …
“… the $110 billion that the shale industry comes up short every single year.”
Are you saying that they are spending $110 billion more than what they are selling?
When are they going to break even? When are they going to sell more than they are spending?
At the end of the day who’s $110 billions has gone up in smoke?” … There’s A War Going On Already in Europe”
There HAS ALWAYS BEEN a War Going On in Europe.I cannot find a time period of 20 years when European blood has not been spilt for a “cause”.
Even the “patatoe famine” was a “cause”
https://en.wikipedia.org/wiki/Great_Famine_(Ireland)
Records show during the period Ireland was exporting approximately thirty to fifty shiploads per day of food produce. As a consequence of these exports and a number of other factors such as land acquisition, absentee landlords and the effect of the 1690 penal laws, the Great Famine today is viewed by a number of historical academics as a form of either direct or indirect genocide.[7]How hard would it be for a secrete service dept. to release tapes that discusses the shooting down of a plane … by the terrorists? OHHH !
Lets make it easier … Those doing the discussing were your hired actors.
I have trouble trying to understand my own reason for my actions.
Trying to take a guess as to why “Gaza” has NOW decided to launch everything they’ve got at Israel is beyond my abilities to understand.
There are too many conflicts, too many manipulators and too many people being killed.
With the web, I’m getting too much info. I wish that I could go back to being the 3 monkeys and just watch my garden crop mature.
You got to explain things very simply so that everyone can understand what happened to their savings. Don’t use words and concept that they don’t understand. ie. leverage
The money is not in a bank to give back. Its been stolen.
“… people are gonna get angry, so they are going to be paid. Their dollars aren’t going to have any buying power, but that’s another story.”
“… then everyone can be made whole in nominal terms if and when the system collapses.”Who is the intended audience?
Can you explain that to those that are financially illiterate?
Just to act stupid, what do you mean by “nominal terms”? 😮SHE KNOWS …
There’s no money in the banks. There’s no savings. Its all a lie.
Every dollars that was saved and put away for a rainy day has been spent and loaned out (even when it wasn’t there), multiple times. It cannot be given back to the savers.
Let’s not explain things like “gravity”. Tell it so simply that the people will understand.Your bank accounts have already been stolen. THEY are pretending that your savings are still there. THEY cannot steal it more than once.
The “rulers” know …
The “people” understand, “ALL YOUR MONEY HAS BEEN SPENT”. ITS NOT COMING BACK.
Do not, I repeat, do not, tell the people, there is no money in your saving accounts.
Do not give any hints.
ie. “Are there more loans/debts then there are “savings” in the saving accounts.“… The reason the ECB and the Fed are involved in these highly dubious actions, and have been from 7 years running now, can only be this: -they know – …
“Mr Caruana said the international system is in many ways more fragile than it was in the build-up to the Lehman crisis. Debt ratios in the developed economies have risen by 20 percentage points to 275% of GDP since then.”
“But time is not money: it doesn’t grow, you can’t get more of it, and when you waste it, you can’t get more of it; … once spent, it’s gone.”
Say it again …, “once spent, it’s gone.”
What would the “people” do if they realized that ALL of the savings accounts had a zero balance. The people do not understand leverage and fractional reserves.
HOWEVER,The people understand “ALL YOUR MONEY HAS BEEN SPENT”. ITS NOT COMING BACK.
https://www.zerohedge.com/news/2014-07-04/stock-largest-austrian-bank-crashes-after-revealing-40-surge-bad-debt-provisions-rec
Largest Austrian Bank Crashes After “Revealing” 40% Surge In Bad Debt Provisions, Record Loss
“European banks will have no choice but to face up to their trillions in bad loans.
Erste Group, Austria’s largest bank by assets, and the third biggest bank in Eastern Europe after UniCredit and Raiffeisen, announced that, oops, its earlier forecast about the amount of bad loans on its books is wrong, and will have to rise by a massive 40%, leading to what will be a record $2.2 billion loss, and triggering writedowns.”WHAAAAAT! Someone is not playing by the new rules. They want their money back.
A new class of people has been created by our system.
I don’t know what label to use.
They will borrow money forever.
They do not fear the debt collectors.
They know that the debt collectors will not come to take what they have bought and consumed.
The debt collector does not exist.The old saying was, “You cannot get blood out of a stone.”
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If you do not want the system to crash, then don’t ask for the return of your investment/capital.
If you do not need your capital then don’t ask for it.
Only take the generated cash flow and the system will continue to live another day.
—Expropriation Is Back – Is Christine Lagarde The Most Dangerous Woman In The World?
https://www.zerohedge.com/news/2014-07-03/expropriation-back-christine-lagarde-most-dangerous-woman-world“There is no discussion whatsoever of reforming the system. They are merely planning to default on savers expropriating their savings, but continue to borrow forever. Nobody is even bothering to look at the structure that simply cannot work.
The money people have saved the IMF maintains should be used for debt service by sheer force. To reduce the enormous national debt, they maintain that government has the right to directly usurp the savings of citizens.
In the latest June 2014 working paper of the IMF, they have set forth yet another scheme – extending maturity. So you bought a 2 year note? Well, the IMF possible solution would be to simply extend the maturity. Your 2 year note now become 20 year bond. They do not default, you just can never redeem.”A new class of people has been created by our system.
I don’t know what label to use.
They will borrow money forever.
They do not fear the debt collectors.
They know that the debt collectors will not come to take what they have bought and consumed.
The debt collector does not exist.The old saying was, “You cannot get blood out of a stone.”
The future belongs to those who will have access to “free” energy.
Did that sentence capture your attention?
heheh
In physics, the law of conservation of energy states that the total energy of an isolated system cannot change—it is said to be conserved over time. Energy can be neither created nor destroyed, but can change form.
NOW, don’t shoot the messenger.
Do a google search for “Images for conservation of energy examples”.Here are my examples of “free”. ( I expended little to no energy to get the benefits of the energy output.
Forms of energy
Type of energy Description
Kinetic (≥0), that of the motion of a body
Potential A category comprising many forms in this list
Mechanical data3=the sum of (usually macroscopic) kinetic and potential energies
Mechanical wave (≥0), a form of mechanical energy propagated by a material’s oscillations
Chemical that contained in molecules
Electric that from electric fields
Magnetic that from magnetic fields
Radiant (≥0), that of electromagnetic radiation including light
Nuclear that of binding nucleons to form the atomic nucleus
Ionization that of binding an electron to its atom or molecule
Elastic that of deformation of a material (or its container) exhibiting a restorative force
Gravitational that from gravitational fields
Intrinsic, the rest energy (≥0) that equivalent to an object’s rest mass
Thermal A microscopic, disordered equivalent of mechanical energy
Heat an amount of thermal energy being transferred (in a given process) in the direction of decreasing temperature
Mechanical work an amount of energy being transferred in a given process due to displacement in the direction of an applied forceIt can be dangerous to your health to be near a location that is transforming energy that you can use.
ie. watch out that what is coming down the cliff doesn’t hit you.
New financial system is in the process of emerging …
“bank PBoC, has become “the world’s largest public sector holder of equities””
heheh … free market … new reality … Adapt or perish
All that I can see is that the day of recognition has been delayed If the rich people in China are getting richer from all the money being printed or if all of the rich people in China are getting poorer because of the falling house prices.
Printing of money only means that they will lose more of what they believed that they had.
Some rich people will lose while some rich people will gain. I’ll still be poor.“It’s not our wealth that increases, but our debt.”
You got the debt ….
I got the assets ….Possession is 90% of the (cough) law
You keep your debt, I’ll keep the asset.I’m not living in the mattrix.
I don’t want the system to reset.I don’t want to go back to the way it was. It only leads to this moment.
Its time to change the numbers. If the numbers are not positive then they should not get used.
Where are the ladies of the night when you need their numbers.
I don’t have 200 slaves. I don’t have 20 slave. I don’t have their equivalent energy.
I don’t know …. what is energy?Wiki says, “In physics, energy is a property of objects, transferable among them via fundamental interactions, which can be converted in form but not created or destroyed. The joule is the SI unit of energy, based on the amount transferred to an object by the mechanical work of moving it 1 metre against a force of 1 newton.[1]”
……
“Work and heat are two categories of processes or mechanisms that can transfer a given amount of energy. “
…….
“There are many forms of energy, but all these types must meet certain conditions such as being convertible to other kinds of energy, obeying conservation of energy, and causing a proportional change in mass in objects that possess it. Common energy forms include the kinetic energy of a moving object, the radiant energy carried by light and other electromagnetic radiation, the potential energy stored by virtue of the position of an object in a force field such as a gravitational, electric or magnetic field, and the thermal energy comprising the microscopic kinetic and potential energies of the disordered motions of the particles making up matter. Some specific forms of potential energy include elastic energy due to the stretching or deformation of solid objects and chemical energy such as is released when a fuel burns. Any object that has mass when stationary, such as a piece of ordinary matter, is said to have rest mass, or an equivalent amount of energy whose form is called rest energy, though this isn’t immediately apparent in everyday phenomena described by classical physics.”
…….
“Lifting against gravity performs work on the object and stores gravitational potential energy; if it falls, gravity does work on the object which transforms the potential energy to the kinetic energy associated with its speed.”
…..
“More broadly, living organisms require available energy to stay alive; humans get such energy from food along with the oxygen needed to metabolize it. Civilization requires a supply of energy to function; energy resources such as fossil fuels are a vital topic in economics and politics. Earth’s climate and ecosystem are driven by the radiant energy Earth receives from the sun (as well as the geothermal energy contained within the earth), and are sensitive to changes in the amount received.”
…..
Forms of energy
Type of energy DescriptionKinetic (≥0), that of the motion of a body
Potential A category comprising many forms in this list
Mechanical data3=the sum of (usually macroscopic) kinetic and potential energies
Mechanical wave (≥0), a form of mechanical energy propagated by a material’s oscillations
Chemical that contained in molecules
Electric that from electric fields
Magnetic that from magnetic fields
Radiant (≥0), that of electromagnetic radiation including light
Nuclear that of binding nucleons to form the atomic nucleus
Ionization that of binding an electron to its atom or molecule
Elastic that of deformation of a material (or its container) exhibiting a restorative force
Gravitational that from gravitational fields
Intrinsic, the rest energy (≥0) that equivalent to an object’s rest mass
Thermal A microscopic, disordered equivalent of mechanical energy
Heat an amount of thermal energy being transferred (in a given process) in the direction of decreasing temperature
Mechanical work an amount of energy being transferred in a given process due to displacement in the direction of an applied force
…….
I still don’t know … what is energy?Limited supplies.
You cannot keep everyone happy.
I guess that Europe, will need to figure out if they are on the cutting block.
https://www.zerohedge.com/news/2014-05-16/moscow-says-massive-holy-grail-gas-deal-china-98-ready
Moscow Says Massive “Holy Grail” Gas Deal With China Is 98% Ready
Russia will supply 38 billion cubic metres of natural gas annually to China for 30 years.
Supply would begin no later than the end of 2018.If I had to live a lifestyle that could be provide with only my strength, skills, and energy, then I suspect that the ancient australian bushman would be able to have a better lifestyle than I.
If two people can do the work of three, then why did almost all “the back to the land movements” failed and the communities dispersed?
I‘m of the opinion that there will be communities of humans that will survive.
Those communities that have the highest “standard of living” will be those that have managed to harness energy from mother earth with the least amount of energy expenditure and with the possibility of going to a lower tech. requirement with their energy conversion methods.https://www.oftwominds.com/blogmay14/unaffordable5-14.html
The Destabilizing Truth: Only the Wealthy Can Afford a Middle Class Lifestyle (May 6, 2014)
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In Canada, if you work for the gov., you got to contribute to your defined benefit plan and you cannot withdraw from it
https://www.montrealgazette.com/health/Auditor+general+Government+should+examine+design+pension/9811273/story.html
Ferguson said the government should re-examine the design of the three defined benefit plans for Canada’s public servants, military and RCMP to ensure it can manage risks that could affect the long-term affordability and “sustainability” of the plans.No mater how hard you work or how hard you try, It is impossible to enjoy today’s lifestyle with only your own energy output.
“Working at the base of the production pyramid is never particularly lucrative (in the absence of distorting subsidy regimes), as one is not in a position to harness and profit from the efforts of others from lower layers.”
Live at the base of a mountain rather than at the base of a pyramid. Mother earth has a system of bringing water to the top and if you are ingenious you will extract the energy from that water for your own benefit.
I see the big picture.
I”ve got no choice.
I’m still driven to maximize the odds of having my DNA making it into the long run/race.I’m trying to load the dice.
IF THE ENERGY INPUT IS GREATER THAN ENERGY OUTPUT, THERE COULD BE A SURPLUS OF ENERGY AVAILABLE FOR WHEN THERE WILL BE A SHORTAGE OF ENERGY.
A PERSON CANNOT ENJOY OUR MODERN LIFESTYLE WITHOUT EXTRACTING THE ENERGY FROM OTHER SOURCES.
It takes less energy for a person to drive a car than to walk.
It takes less energy for a person to take a drink of water from a stream flowing down hill in front of him than it doe for the person that must first carry the water up the hill.
The sun and wind will raise a water molecule to the top of the mountain. This will raise the potential energy of that water molecule.
Gravity will convert that potential energy to kinetic energy.
If you know how, you can use that kinetic energy. ( hydro power and wind power)
If you know how, you can make a solar panel to collect the energy from the sun.
If you know how, you can extract the energy contained in oil.
As a last resort, the time tested solution, you can extract the energy from other people, (slavery).
Cooperation and sharing of resources by a group of like minded individuals is the usual response to increasing the available energy.I’m not rich. I’m not powerful. However, I can use the internet to find out what the rich and powerful people are doing.
I cannot achieve very much alone. Even the rich and powerful need help to achieve their objectives.WHERE CAN YOU GO TO BE ABLE TO ACCESS ENERGY WITH THE LESS AMOUNT OF ENERGY OUTPUT?
As long as there are mountains and as long as it rains there will be someone there to drink the water.
@ BB
I see the big picture.
I”ve got no choice.
I’m still driven to maximize the odds of having my DNA making it into the long run/race.Someone, I don’t know who, said,”The pen is mightier than the sword”.
Therefore, considering all of the ball in the air, I expect that Putin will send an army of laywyers, accountants and bankers to invade the country.
Just to make sure that everything is going to plan, the IT team will being overseeing the operations.
By now, everyone has heard that Harper has gone to Kiev.
Motive: Do anything and everything to obtain the goodwill and the votes of the Canadian/Ukrains.The BoE has more authority then me.
BUT … like you said nobody will pay any attention.I got to repeat what was said.
<b>”In other words, everything we know is not just wrong – it’s backwards. When banks make loans, they create money. This is because money is really just an IOU. The role of the central bank is to preside over a legal order that effectively grants banks the exclusive right to create IOUs of a certain kind, ones that the government will recognize as legal tender by its willingness to accept them in payment of taxes. There’s really no limit on how much banks could create, provided they can find someone willing to borrow it.
Just consider what might happen if mortgage holders realized the money the bank lent them is not, really, the life savings of some thrifty pensioner, but something the bank just whisked into existence through its possession of a magic wand which we, the public, handed over to it.”</b>I did not mean to imply that money would go towards the people as a direct stimulus.
The bankers will not do a 180.
The printed money will keep going where it is going now.
It is hiding the true conditions of pension funds etc.
The ponzi democracy is ignoring the true conditions of their pensions etc.[quote]Can you imagine such tax raises? While the economy is in the doldrums? Me neither. But that would mean:
In the absence of further tax hikes [..] total spending would have to be cut by more than 25% or health and welfare expenditure by 53% compared with the current implied level if all future spending was to be met out of tax revenue.[/quote]
No. I cannot imagine such tax increases or so much cutting of expenses.
The bankers/politicians will keep the printing press going rather than face the ponzi democracy.
Slow thinkers like me see 3 or 4 post go by before they can finish writing down their thoughts.
Here is an accumulation of thoughts that some readers might find useful.
Good hunting and fishing.
Since the beginning of time, humans have faced threat to their survival.
ONLY A FEW INDIVIDUALS WERE ABLE TO SEES THOSE IMPENDING THREATS.
One of the reasons that there are still humans running around this planet is that there were some gifted individuals, like you, who could figure out that there was a threat to their survival; A “gift”, AND They took steps to maximize their chances of survival.
Since you are reading this, You are, therefore, among the selected few special people with that “gift” and you will be able to maximize your chances of survival.
Don’t worry, You do not need to be among the top 0.01% that have money and power to survive. Even a millionaire will need a community of skilled people to set up a “green zone” or an alternate survival environment. You only need to find and be an asset to the millionaires who are taking steps to survive. Chose your alliances properly. Just because someone is among the top 0.01% does not mean that they are making the right choices for survival.
Here are some survival stories.
1. “God punished Adam and Eve, and all their descendants, by making their lives hard. No longer could they live in the perfect world of the Garden of Eden. Men would have to struggle and sweat for their existence. Women would have to bear children in pain and be ruled over by their husbands. Adam and Eve were thrown out of the beautiful Garden of Eden forever.”
—2. Noah’s Ark was round, 4,000-year-old tablet suggests
By: Jill Lawless The Associated Press, Published on Fri Jan 24 2014
https://www.thestar.com/news/world/2014/01/24/noahs_ark_was_round_4000yearold_tablet_suggests.htmlA recently deciphered 4,000-year-old tablet from ancient Mesopotamia — modern-day Iraq — reveals striking new details about the roots of the Old Testament tale of Noah.
The flood story recurs in later Mesopotamian writings including the “Epic of Gilgamesh.”
He believes the tale was likely passed on to the Jews during their exile in Babylon in the 6th century BC.
https://www.biblegateway.com/passage/?search=Genesis%205:32-10:1
—3. An other example is
https://en.wikipedia.org/wiki/Lot’s_wifeThe narrative of Lot’s wife begins in Genesis 19 after two angels arrived in Sodom, at eventide, and were invited to spend the night at Lot’s home. As dawn was breaking, Lot’s visiting angels urged him to get his family and flee, so as to avoid being caught in the impending disaster for the iniquity of the city. Lot delayed, so the angels took hold of his hand, his wife’s hand and his daughters and brought them out of the city. The command was given, “Flee for your life! Do not look behind you, nor stop anywhere in the Plain; flee to the hills, lest you be swept away.”[1] Lot objected to the idea of fleeing to the hills and requested safe haven at a little town nearby. The request was granted and the town became known as Zoar. Traveling behind her husband, Lot’s wife looked back, and turned into a pillar of salt.[2]
—4. The Tower of Babel
Genesis 11:1-9
New International Version (NIV)11 Now the whole world had one language and a common speech. 2 As people moved eastward,[a] they found a plain in Shinar[b] and settled there.
3 They said to each other, “Come, let’s make bricks and bake them thoroughly.” They used brick instead of stone, and tar for mortar. 4 Then they said, “Come, let us build ourselves a city, with a tower that reaches to the heavens, so that we may make a name for ourselves; otherwise we will be scattered over the face of the whole earth.”
5 But the Lord came down to see the city and the tower the people were building. 6 The Lord said, “If as one people speaking the same language they have begun to do this, then nothing they plan to do will be impossible for them. 7 Come, let us go down and confuse their language so they will not understand each other.”
8 So the Lord scattered them from there over all the earth, and they stopped building the city. 9 That is why it was called Babel[c]—because there the Lord confused the language of the whole world. From there the Lord scattered them over the face of the whole earth.
—
5. The Exodus
https://en.wikipedia.org/wiki/The_Exodus
—Can you find other narratives from history that would indicate that life was great but it changed?
