the end of the moldy-Volde-ThingY?
the US has until now been consuming ~*~ EIGHTY
PERCENT OF THE ENTIRE WORLD'S ANNUAL SAVINGS ~*~
but that, this, World has announced an end to
that, this (our consumer) tyranny ...
that Company Voldemorti!
for the benefit of the youth and students in our Ojai
audience, those who will have been brought up in the Ojai
Valley 'News Speak' -- without benefit of truth or
on the part of their dis-educators' -- I am going to
a full background on the economic crisis confronting the
Europe, and the World at this time.
parts of this you will know, from reading previous OjaiPost
reports, or following the increasingly emotional dialog in
the media and amongst our families and friends -- as to the
down-spiralling US Dollar, the 'Falling Treasurys', rising
Gold prices, exponentially expanding Derivatives monster,
the 'Sub-prime Loan Crisis', the China Gauntlet, and
Private Banking and the Debt-Based Monetary System.
when I was an Ojai youth, in the fifties & sixties, it was
still largely true that "money in the bank" came from gold
and commodities, or at least was backed by cash, paper
money. the tens of trillions of dollars of debt did not
then exist, and a global military police state was not
required to maintain the flow of wood and food and minerals
and products to North America. [ten times our share of the
world's products, mind you.]
the 'US' had conquered a world (under covert direction of
global bankers) with its automobile & aircraft factories,
and nuclear bomb, and demanded the lowest prices on food
and oil, everything, nearly worldwide. nations who did not
agree, disappeared in intelligence wars, then miraculously
re-appeared as ally nations who had signed away all their
minerals and other riches to US corporations, for pennies
on the dollar.
as to worldbanking or economic theory, in order to make
a US population 'happy' (voting), believing the Voldemorti
newspeak, supporting the wars -- LOTS of money needed to
find its way into the hands of US citizen-slaves in order
to pay for all of the world's product we 'needed' to buy,
to keep us fatdumb'nhappy while whoring for the corporate
machine killing Mother Earth, greasing the military-aero-
space production lines maintaining the third world in a
lower pecking rung of servitude.
the result was Debt-Based Banking, what we have today.
money was created out of thin air, by the loan contracts
that the US public signed to buy their land and houses and
cars. and for their college educations. banks were only
required by the US government and the Federal Reserve to
back their accounts with the loan statements from the
borrowers. that is, a bank with only a million or a billion
dollars actual gold or cash in the vault, could lend out
ten million or ten billion dollars, by placing YOUR loan
contract in the bank vault. thus when you borrowed ten
thousand dollars for a car, or a hundred thousand dollars
for a home, the bank simply added ten thousand dollars or a
hundred thousand dollars to its bank account ledgers.
there actually was NO CASH or GOLD or other valuables
in the vaults.
for the last several decades 90 percent of the cash put
into circulation in the Western world has been simply
materialized out of thin air, by the keystrokes on the
computer creating the money in the bank computers. the
money never existed. [backed only the LOANS made by the
banks to the corporations and consumers, and by constant
flow of world cash to purchase of US Treasury Bonds.]
as of last week:
"The US currency has now fallen more than 2 per cent
against the euro in the last week, dropping to a low of
$1.3910 against the single currency, breaching the previous
record low of $1.3852 it hit on July 24. Meanwhile, the
dollar index, which tracks its value against a basket of
six leading currencies, fell to 79.404, its lowest level
since September 1992."
"INVESTORS ALL OVER the world are collectively holding
their breath, waiting to see if the Federal Reserve lowers
interest rates at its September 18 meeting. They are also
looking toward investment bank earnings, specifically Bear
Stearns, Lehman Brothers and Goldman Sachs which will soon
post quarterly results, to get a better sense of just how
very bad the subprime crisis is. While they wait, many
investors are taking advantage of the accelerating chaos by
selling Derivatives calls and puts."
enter Bush1, Clinton, Gore, Bush2, Cheney at al and Gold!
nearly twenty years ago the Financial powers that be --
centering around Washington DC but including London and all
the European, Japanese and Israeli banking powers --
determined to use a well-known covert financial mechanism
to keep this monetary elephant of the industrial-state
afloat. That mechanism is known as gold price suppression.
that is, if the world governments and media PRETEND that
the market is free -- and PRETEND that gold and prices are
free to rise and all, and PRETEND people actually make
capital gains by putting their money and pensions into
banks and mutual funds etc -- while the price of gold is
actually secretly suppressed, held down by the western
banks and governments, then the OTHER currencies and
economies of the world, as in China, Africa, Latin
American, the Middle East, Eastern Europe will be
depressed, crushed. Their currencies and economies will
always drop, while the western computer-manipulated
economies go up.
thus the monetary scam launched during the Clinton/Gore
administration so long ago now, which evolved into the 9/11
StockPlay in 2001. the "Company's" 9/11 StockPlay ended the
epic-making Global Antitrust suit by Reginald Howe:
by bringing down fifty floors of evidence, the offices of
JP Morgan Chase which organized the 9/11 Derivatives Market
Crash and Gold Price Fixing scams.
at that time, Gold which had been held down to about $275
an ounce, was now free to rise -- to the Wednesday,
September 12, 2007 price of $706.00 !!
Paraphrased from "Gerald T. Agnew", In EnergyResources:
There are two schools of thought on the US money crisis. In
a normal world, a country with a horrendous debt problem
would crunch its economy (to stifle demand) and raise
interest rates to get the capital to keep it afloat. The
alternative would be to let its currency (the US Dollar) go
to the devil and that would raise the price of imports to
the point where purchasing would stop. At the same time,
exports would become cheaper and more competitive and hence
(yet again!) draw (weaker & weaker) money into the US.
This wonderful, and naive, theory was the norm until a
generation or so ago ... [Now money is generated on the
bank ledgers in the forms of loans, and is no longer based
on gold or cash or assets.]
We are at the Dollar-depreciation point today. Lowering the
value of the USD would be done by lowering interest rates
as the US CURRENTLY CONSUMES 80-100% OF THE
WORLD'S SAVINGS just to cover its wanton spending,
If Europe were to garner maybe 10% of that amount (to
develop Eastern Europe for example), then this tiny change
would cause a mammoth hit on the USD. The Dollar would no
longer attract the funds it needs in the tremendous volumes
it requires. End of [US] story! Classical theory, outlined
above, would seemingly demand this.
These days, this may not necessarily be so. In the age of
planetwide servitude, citizen-victim obediance, anything
goes. In other words, if the Fed lowers interest rates,
then the drumbeat (newspeak, propaganda) will be that cash
MUST continue to come to the US at any cost. Because if it
does not, then the US will have a balance of payments
crisis which will (thank you globalisation! ) immediately
impact the rest of the world in the most frightening way.
[Cause a global market crash.] Media propaganda to keep
this fantasy daisychain going is if the world continues
buying US Treasuries while the Fed cuts interest rates,
then the global investors would make large capital gains
on the bonds as their prices increase. Hear the laughter
meter topping out?
The entire stock market will also be advertised as "on
sale", claiming lower interest rates mean stronger
equities. Companies that trade overseas in large volumes
(ie Coca- Cola, Microsoft, IBM, John Deere etc.,) will
have large earnings because of the weakened USD and thus
must be a magnet for [compulsory] investments from
overseas. [The laughter meter just broke.]
Things are therefore not as clear as they once were --
"Skim milk is masquerading as cream".
To try and sum this up, a policy of lowering interest rates
by the US Federal Reserve would be accompanied by a barrage
of financial nonsense extolling the virtues of investing in
the "new US economy" facade. The dollar would sink for many
years ... not crash overnight, if we are lucky.
This is what Treasury Secretary Henry Paulson wants right
now, a lower USD especially against the Yen and Chinese
Renmimbi/Yuan. The Treasury will claim it does not want a
Stock Market Crash right now as that would stop the flow of
funds to NY. The truth is, that either way, Stock Market
Crash or no, the US economy will collapse without a more
than impossible expansion of current intelligence agency
and military enforced global investment programs.
Whether they stage another hard 9/11 Crash, or a 'soft'
quarterly-earnings-report crash -- America's economic
future AFTER this September 2007 will require an equally
impossible increase in the global security state control of
Eastern Europe, China, Asia, Latin America, Africa and the
Middle East. The slaves would have to become MORE poor and
numerous, and their countrysides MORE productive and
liquid. The thought would never be entertained, as China is
now the world's greatest economic power, and is committed
to leveling the world economy, which means collapsing the
US Mega-Bubble. Even if China WISHED to continue to work
pennies, it too is a physical impossibility -- with over
a hundred million of their work population being prisoners
and homeless migrants, and with 95 percent of the world's
ecological/bio-resource base wiped out. The forests and
rainforests, rivers and wetlands, oceans and life, no
longer EXIST to be plundered.
China, like the rest of the world, will no longer accept
any predation from Europe and the US ... THEIR populations
are now at the point of revolt too ... with no more room
left to maneuver. No more food to eat, no more air to
breath. No more love to share ...
latest UK news, while waiting response from the PRIVATE
US Federal Reserve: whereas last Wednesday the Bank of
England announced it would not ride to the rescue of UK
banks caught up in the global credit crunch by cutting
interest rates or flooding the markets with cash unless
the whole financial system was in danger -- this Monday
the Financial Times reported the Fed's Greenspawn's
heads-up to the World Financial Elite:
Alan Greenspan Warns of US Collapse In Financial Times
the US WILL apparently print more funny money, lowering
interest rates, expanding its debt over current $46-plus
Trillion -- continuing the accelerating dollar decline and
nationwide inflationary depression.
see also the dialogs at: