Bitcoin Forum
December 01, 2021, 01:57:36 AM *
News: Latest Bitcoin Core release: 22.0 [Torrent]
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 [2] 3 4 5 6 7 8 9 10 11 12 13 14 »
21  Economy / Economics / Re: The Bilderbergers are Meeting in Virginia on: June 01, 2017, 08:01:39 PM
Interesting C______ omission from the list. Hmmmmm.
22  Economy / Economics / Re: Unrestricted Banking and Problem Banking on: June 01, 2017, 07:54:03 PM
I've explained this math up-thread. Government deficit spending translates 1::1
into private sector profits, though it might be better put as: deficits let you
spend tomorrow's profits today. As usual, it's never that simple, so I'm going
to screw with this absurdity, just for the fun of it.   

Suppose I own, oh, say, $1Bn perpetual AAA debt that pays 10% pa.
The market value of the debt, theoretically is the inverse of the market interest rate.
So as the market interest rate -> 0 my $1Bn 10% perpetuals -> infinity, and at that 
point I buy the planet.

It's never that simple, but the year 2007 provides a close approximation.
Ten years earlier the US government screwed up. That meant that $Tn's of mortgage
debt was overpriced, (not -> infinity but overpriced). So a hedge fund guy
approaches a bank and does a deal. He will sell the overpriced debt, rated AAA etc
in neat packages and the bank will sell him selected debt tranches. The result
is something you already know.

And, very broadly speaking, that is how this financial system works. by. design.
Large government deficits at near 0.0% interest rates mean that your future wealth
is being transferred elsewhere, today. I hope that all makes sense.
23  Economy / Economics / Re: Economic Totalitarianism on: May 30, 2017, 09:05:08 PM
"It's Over"

What's over? you may well ask. That would be just about everything.
24  Economy / Economics / Re: Unrestricted Banking and Problem Banking on: May 29, 2017, 09:09:39 PM
Central Bankers and their fellow travellers like to talk about economic stability.
By this they actually mean exponential growth in the money supply at a rate
well in excess of the growth in wealth or GDP. That's why I use
Unrestricted Banking to describe the present financial system. There are some
complicated consequences that follow from this, but if we can't agree that
"Unrestricted Banking" actually describes the present system, we won't agree
on much else.

If we can't agree on what the figures ought to mean, how can we decide whether
they might be wrong? 
25  Economy / Economics / Re: Economic Devastation on: May 28, 2017, 08:21:51 PM
A million lemmings can't be wrong.

@CoinCube - you miss my point. My lemmings would cheerfully rush into Zimbabwean
dollars or Venezeuelan Pesos in the mistaken belief that access to debt makes them
wealthy. They are economically illiterate. I've come to the belief that the general lack
of understanding of matters financial is no accident, but the outcome of years of
careful engineering and education. These lemmings are not stupid BTW.

If you've read '1984' you will recall that ideas like freedom and suchlike were carefully
erased from the newspapers. Only a selected few were given access to restricted texts.
Replace 'freedom' with 'usury' and you will see what I mean.

I keep thinking that bitcoin owners have worked all this out, but find that they haven't.


26  Economy / Economics / Re: Unrestricted Banking and Problem Banking on: May 28, 2017, 07:57:17 PM
I'm still waiting for the US statisticians to produce the 2016 figures ... Ho Hum ....
"As headline CPI inflation surged this past six months, rapid real wage growth turned into real wage stagnation (see chart above). I believed that a tight labour market would prompt an aggressive reaction from "the workers" to maintain the previous 1¬Ĺ-2% rate of real wage inflation they had enjoyed and got used to through 2015 and 1H 2016. Hence I expected nominal wage inflation would roar upwards in 1Q this year. How wrong I was!"
"And before readers respond with "there is always more QE", the problem is that for both the ECB and BOJ, the answer is increasingly, "there isn't" as both central banks are just months away from running out of eligible bonds to buy, beyond which point the entire bond market may simply lock up, or the central banks will have to even more actively start buying equities, with both outcomes effectively a nationalization of capital markets. And the last time we checked with the USSR, that strategy did not work out too well..."

The concern here is that Albert Edwards may be right, and that the US data is a mirage.

It wasn't that long ago that "eyeballs" and "clicks" were valuable. Today, what price
are "likes" and for how long can a unicorn lose money?  Will Uber make a profit before
the Central Bankers have bought everything?

27  Economy / Economics / Re: Economic Devastation on: May 27, 2017, 09:07:04 PM
Just this week, I underwent "my" first contactless debit card payment. I use "my" because
I wasn't directly participation in the transaction. Someone else took money out of my account.
I was there, they had my permission, but that wasn't necessary for the exchange.

Thinking about it, I wondered whether to empty my account and buy gold, or to buy bitcoin.

I mentioned my fears to the younger generation. They assured me that "contactless" was
a most welcome addition to their world. No more hassle spending money. Coincidentally
they have large (negative) credit card balances.

These are mutually exclusive views. One of us is improperly dressed.

While it's not that unusual to agree on the facts but reach totally different conclusions,
this seems to be happening to me more often this year. For example , the suggestion that
"people will use a competent and widely accepted money for their transactions," suggests a
worrying gap with reality and Gresham's law. For an explanation see here:

I'll mention that at the beginning of the collapse in Imperial Rome circa 300ad
the government insisted on part (or full) payment of taxes in gold. And guess what,
your friendly tax collector probably decided the exchange rate :-)
28  Economy / Economics / Re: Economic Totalitarianism on: May 14, 2017, 09:34:10 PM
Thanks for the flowers OROBTC.

You did ask "what we can do about "Economic Totalitarianism""

I'll try to write something shorter for your next query :-)
29  Economy / Economics / Re: What is Usury? "De Florijn" project and interest-free credit. on: May 13, 2017, 08:23:45 PM
To see the role of interest correctly, you should look at the macro picture.
When talking about a Nation's balance of payments, it's important to see  
that not everyone can have an export surplus. It's a zero-sum game.

Interest paid is similar to this. Dollars demand dollars paid in interest.
BTC will demand BTC paid in interest. Hence it is rational to think of
Dollars, or Yen, in much the same way as we think of exports of imports
from the USA or Japan. You can't pay dollar interest in Yen.

So, suppose Alice mines Bitcoin, and Bob mines an altcoin called Scamcoin.
Bob borrows 100BTC from Alice for a year at 10% interest. Bob can never
pay his debt to Alice in full without some form of debt cancellation.

So, set aside the mechanics of the deal, and ask who has control here?
Who has the leverage and how did that happen?

And if Alice once accepts payment in Scamcoin, is her situation any different
to someone accepting Central Bank fiat money?
30  Economy / Economics / Re: Unrestricted Banking and Problem Banking on: May 13, 2017, 08:08:12 PM
I've been waiting for the US statisticians to post some figures. Maybe they've finally
figured out there might be a problem, hence the delay. I'll post an update later,
but since the SRSroccoReport got at least halfway there months ago, I'll explain
at least some of the issues.
"The rapidly falling EROI - Energy Returned On Invested is gutting the entire U.S. oil industry and economy.  Instead of the United States enjoying real fundamental growth based on increased energy consumption, we have turned to inflating electronic digits as an indication of our wealth.
As I explained in the beginning of the article, U.S. energy consumption has been flat for the past six years, while U.S. GDP has increased nearly 25%, as our supposed net worth has jumped 54%.  Again, this goes against any sound fundamental economic theory.  We have totally removed ourselves from reality."

US energy consumption, as in most places, is tightly correlated with GDP. While there are
reasons to be suspicious about GDP figures and about the correlation, it's good enough
to show divergence when a problem appears. That divergence began in 2010. That much is
fact, and as stated by the SRSroccoReport.

Add electricity use, and add vehicle miles driven to the data contradicting the US Government.

Here's where the statisticians have a problem. Let's call Price Inflation in the US Economy PI.
CPI is a subset of PI, ie it's not the big picture. CPI consistently understates PI by ~1.5%pa,
and ~12% since 2010. The difference cannot be ignored for much longer. I doubt things can
be fixed outside a complete revision of data since 2010. By these measures Real US GDP
hasn't grown much since 2005. Yes, 2005, depending on how you measure it. 

And then they have to find someone to blame.
There's more, much more, but it's still a work-in-progress.
31  Economy / Economics / Re: Economic Totalitarianism on: May 13, 2017, 08:02:16 PM
"... go and sell that thou hast, and give to the poor ..."
Matthew 19:21

Throughout history, with perhaps the exception of the Byzantine Empire,
civilisations have drawn wealth and power to their centre. There is a
bargain between the centre and the citizens. Prestige and protection
in exchange for inequality, and community in exchange for freedom. 

The process of civilisation, unfortunately, tends to scale well. When
the structure becomes very large, there are more layers, more inequality,
and less freedom. Stability provides both corruption and instability.

Magna Carta may be cited as a treaty to curtail the power of a tyrannical king,
but it was more of an aftershock to relieve the tensions of a conquest 150
years earlier. History records a series of revolts against the centralisation
of power and wealth.

The economic systems extant today usurp power and corruption to an extent
greater than anything hitherto seen. It is a system that is unlikely to end
well. The historical precedents are for more oppression, more inflation,
more poverty, and collapse.

The Elite may already know this, but the question is whether the system is
past the point of collapse. Do they try to fix the system, or try to put
something in place to preserve some essentials and hope to recover later?

As I pointed out earlier, the greater the inequality, or concavity, the
easier it is to gain by raiding the system. Today's WannaCry attacks are
just another symptom. Just another leak in a badly designed dam, which,
if not rebuilt from the ground up, will fail.

I think that concludes my work on this thread. Just one final thought:
If you own everything, who will you sell to? :-)
32  Economy / Economics / Re: What is Usury? "De Florijn" project and interest-free credit. on: May 09, 2017, 09:16:23 PM
Thanks for the link, there seems to be some interesting reading there.

To answer your first question, Usury is a financial system whereby money,
debt and credit have an attached interest burden. Some on this thread seem
shocked by the idea that money could be lent without interest. That, in
itself, is interesting, especially since many people view the current
financial system as entirely rotten, but cannot conceive any alternative.

I leave it to the reader to continue his education in economics. I'll
suggest you might arrive here: If you can control the price of credit
(interest rates) tomorrow, or in three month's time, then you are in a
position to make vast profits from bets on the trillions in derivatives
bought and sold every day in the credit markets.   

Here's another question for you: Why would anyone cancel a debt?
33  Economy / Economics / Re: Economic Totalitarianism on: May 06, 2017, 08:00:47 PM
"People of the same trade seldom meet together, even for merriment or diversion, but the
conversation ends in a conspiracy against the public, or in some contrivance to raise prices."
Adam Smith - "The Wealth of Nations"

Please, direct your thoughts toward Complexity, and in particular to the role of the agent
in emergence. Agents are entities with a simple ruleset, eg "stay hidden"; or
"maximise profit", or "keep up with the Joneses". What matters in regard to the
possibility of Emergence is the number and distribution of Agents and in particular their
inter-connectivity. I'll move on to more vertical management structures later, but for now
forego any thoughts of any of the traditional management structures. Truly, all participants
within Emergence are created equal. They are born with or acquire the same drives, mores,
savoir-faire, skills and knowledge. They will respond in near-identical ways to threats
or opportunities. Their goals are set and their orders are received from their social
interaction with their equals. And their equals are their equal in every way. It's a big club.

How big? Who knows? As a starting point, choose the owners of 50% of the World's wealth, and
that's 70 million people. Social and related factors could reduce that number by two orders
of magnitude, to 700,000. Of that eligible number, the need for secrecy will impose a
reduction of another 1-2 orders of magnitude, giving 7,000 to 70,000, as the likely size of
the Club. If each agent is closely coupled with six others then every club member is separated
at a maximum of 5-6 removes. Thus a threat to one is quickly perceived as a threat to all,
and similarly for opportunities. The Creature cannot grow in numbers but it can seek more
control over its environment, at the expense of the remaining 99.99% of the rest of the World.

That's the theory. What does practice look like?
"We find that transnational corporations form a giant bow-tie structure and that a large
portion of control flows to a small tightly-knit core of financial institutions. This core
can be seen as an economic "super-entity" that raises new important issues for both
researchers and policy makers." [1] Structurally, the graph looks like a bow-tie.

The researchers comment 'We conjecture that it may be present in other types of networks where
"rich-get-richer" mechanisms are at work. So, ever more centralized control, the very antithesis
of the theory stated earlier.' [1]

I'd stated earlier that it's Bankers vs WarLords vs Mathematics. To understand the dynamics
of this system, look at the expected stimulus-response-reversion-to-the-mean when an outlier
is seen by the system. I suggest the 911 Event, as defined by various News and Senate reports,
and these references: [2][3][4]. Judgement, I leave to others.

Two things follow from this:

First, the core 911 Event itself cost less than $1 million, but the costs run into many $ billions.
"Catherine Austin Fitts: 9/11 was extraordinarily profitable for Wall Street, they of course
got a kind of "Get Out of Jail Free card" as I've just described. In addition, the largest
broker of government bonds, Cantor Fitzgerald, was destroyed, and there was a great deal of
money missing from the federal government in the prior four or five years."

Second, the reversion-to-the-mean has not yet happened. What seems to have happened is a movement
from one stable state to another, different, stable state. Just how stable the new state is,
for now, indeterminate.

The referenced video suggests that Systemically Important Banks, including their records, assets,
and employees are beyond the reach of national laws, including the US Justice System. [5]

Stable is not a word I would choose to describe this current state of affairs. Exactly how
all this plays out, and by the way, the size and opacity of the Creature is an order of magnitude
greater than the summary given above. All the incentives promote a massive and truly
catastrophic failure. It may not happen, but that's what I see.

I have, maybe, one more post for this thread, looking at what might be gleaned from history.     

[2] CIA agent 2013 -  Former CIA Asset Exposes 911 Cover Up
Book "Extreme Prejudice" by Susan Lindauer
"We're going to keep them calm" -  Details of events prior to 911 and their aftermath.
[5]All the plenary's men
"You see, prosecutors working on the HSBC case were actually going to indict the bank, but they got overruled,
and HSBC and its team of criminals skated. The story of how exactly that reversal came about reveals,
if not the King himself, then certainly many of the King's top men."

34  Economy / Economics / Re: HSBC Bank Helped Terrorists, Iran, Drug Cartels & Russians Launder Money on: April 30, 2017, 05:50:24 PM
More on this general subject at "Economic Totalitarianism" and here :
All the plenary's men - extening BIS immunities to the USA.
"You see, prosecutors working on the HSBC case were actually going to indict the bank, but they got overruled, and HSBC and its team of criminals skated. The story of how exactly that reversal came about reveals, if not the King himself, then certainly many of the King's top men."
35  Economy / Economics / Re: Economic Totalitarianism on: April 29, 2017, 08:39:00 PM
"Historic responsibility has to make up for the want of legal responsibility.
Power tends to corrupt, and absolute power corrupts absolutely." - Lord Acton.

Human thought follows particular paths, so when confronted by an unknown, people try
to visualise it via the familiar.  I have referred to my quarry as "The Creature".
There are other similar names, Danny Casolaro refers to "The Octopus" in his
investigation. Here, JoŽl van der Reijden prefers "La Nebuleuse".[1]

"Subject: Criminal organization (Russian mafia and related)"

"To comprehend this nebula, it is necessary to abandon traditional financial or political logic; this is not merely a question of nation, political party, or of ordinary economics... Our conclusion would be that at least over the last twenty years, the economic powers, some of which mafia types, have allied themselves with political forces and organized criminal structures, and reached the 4th stage of money laundering, namely, Absolute Power. It has been specified to us that at the present moment these characters control 50% of the world economy."
Introduction of a Belgian gendarmerie report to a number of senior officials, District of Liege, November 21, 1994. (emphasis from report)

In earlier posts I set out the dimensions of The Creature: Immunity from prosecution;
Information asymmetry, especially hidden wealth; Centralized control via specialized
computer systems; Private paramilitary forces; and Weaponized financial instruments.

The 1994 Belgian report suggests a different order within the known world. That there
exists an estate entirely separated from normal life, and one that can kill with impunity.

Of necessity, I've been selective in the information presented thus far, and concentrated
on how the financial sector has grown. It's difficult to read many of the stories attached
to the outworkings of these systems, as for example, that shown in the work of JoŽl van der
Reijden. It is clear that action without consequence or conscience is corrosive. Nassim
Taleb's "And don't give up on logic, intellect and education, because a tight but higher
order logical reasoning would show that the logic of advocating regime changes implies
also advocating slavery." [2] comes nowhere close to exposing the horrors that unrestrained
deviant behaviour brings in this report. [1] A separate world exists with different mores,
different standards of behaviour.

It is, however, seemingly acceptable for Treasury Secretary Paulson to "dry heave" on
learning that UK Chancellor Darling refused Barclay's purchase of Lehman Brothers thus
avoiding adding ~$200Bn to the UK ~$50Bn taxpayer black hole of 2008. No such concerns were
evident in the fictional WWIII of Dr Strangelove, and I doubt that President Trump
reached for the wastepaper basket before ordering 60 cruise missiles to strike Syria,
despite the risks of a direct conflict with Russia. Such concerns, or lack thereof, give
some insight to the inner savoir-faire of The Creature. George Carlin's "It's a big Club,
and You ain't in it" resonates.     

In trying to gather these threads together, there seems to be no centre, no guiding
principle, except an overwhelming desire for secrecy and to preserve the status quo.
Quoting JoŽl van der Reijden, ""Nebula" leader Felix Przedborski lived next-door to
Yeltsin-era oligarchs Boris Berezovsky and business partner Badri Patarkatsishvili.
Both were Zionists, long-time patrons of Putin, and linked to the Chechen mafia.
For details, go here. Almost certainly it was Mossad Colonel Yair Klein who protected
Przedborski."[2} Danny Casolaro and Cheri Seymour's investigations lead to individuals
at the US Department of Justice, specific companies in the MIC, and to the CIA.[3]
Eric DeCarbonnel exposes the Treasury's, Wall Street's,and the CIA's complicity in a series
of events relating to what at first sight seems to be the criminal financing of abusive
behaviour. Sterling and Peggy Seagrave add Japan's War Criminals to the list of people acting
above and outside the Law.[4] Kay Griggs reveals assassinations were carried out by serving
and by retired US servicemen, on the instructions of some higher authority. [5]

Perhaps unrelated to this, except for a shared suffering, is the weaponization of Refugees:
"Our team takes a peek behind the curtain to find the root causes for why and how millions
of people are migrating from war torn countries, and who benefits. We also examine the
history and context of synthetically-created refugee crises since 1951." [6]

It is impossible to calculate how differently things might have gone if the US Government
had come clean on its handling of the looted WWII treasure. It's interesting to compare the
secret manipulation of material matters in what is supposedly a Capitalist Economy, with
the anxious concern to track every bitcoin transaction, when State Secrets may be doing
so much damage by the misallocation if resources?

[3] "The Last Circle" Cheri Seymour
[4] "Gold Warriors" Sterling and Peggy Seagrave

36  Economy / Economics / Re: Economic Totalitarianism on: April 22, 2017, 07:56:17 PM

The previous post described the extraction of astronomical sums from
the very rich and the truly wealthy. To move on from this I have to
get into speculation about corporate secret activities. A possible reason
for the targeting of wealthy individuals was the removal of competitors
and to maintain control of what was to become a financial battlefield.

I've tried to avoid speculation thus far, so consider this to be a warning.

Despite massive resources and extensive military and intelligence resources,
the "Gold Warriors" just weren't that smart, to judge from the Nugan-Hand
Bank, BCCI and some other evidence. They screwed up, causing Nixon hand over
control of the M-fund to Japanese politicians, divorce the US$ from gold, and
the balance of power moved from the Warlords into the hands of the Bankers.

The two things that stop ordinary decent criminals from taking over the world
are: fear of prosecution; and seizure or taxation of illicit activities.
The thing that separates The Creature from all sorts of other activities is this:
the tasks are exempt from the legal reporting structures. [1] 01:04:00
Perhaps the best known black project was the CIA funding for the U2 spy planes,
but for maximum profit, The Creature needs access to illegal monopolies - arms
sales and drug sales - AKA the War on Terror and the War on Drugs. [2]

This flow of dollars has to be invested in resources, preferably commodities in
emerging economies. The preferred way is through seizure, for example   
the resource seizure process was outlined in "Confessions of an Economic Hit Man".
Identify the resource in a 3rd world country. Bribe or subvert the local Elite in
control. Borrow in US$ to fund projects at rates that are unsustainable.
When Debt becomes unpayable, an IMF loan is offered, with the condition that the
resource becomes the property of international interests. The result is control
not only of the resource, but also control of the government of the nation.

The investment process makes the invisible, visible, via some form of money
laundering, but the profits tend to create exponential growth like this:

"With Dillon's assistance Reynolds expanded out of its tobacco base into a wide variety of
industries - foodstuffs, marine transportation, petroleum, packaging, liquor,
and soft drinks, among others. In the process the R. J. Reynolds Tobacco Co. of 1963,
which had revenues of $117 million, became the R. J. Reynolds Industries of 1983,
a $14 billion behemoth."
"2. The DEFENDANTS knowingly sell their products to organized crime, arrange for secret
payments from organized crime, and launder such proceeds in the United States or offshore
venues known for bank secrecy. DEFENDANTS have laundered the illegal proceeds of members
of Italian, Russian, and Colombian organized crime through financial institutions in New
York City, including The Bank of New York, Citibank N.A., and Chase Manhattan Bank.
DEFENDANTS have even chosen to do business in Iraq, in violation of U.S. sanctions,
in transactions that financed both the Iraqi regime and terrorist groups."
"RJR has been aware of organized crime's involvement in the distribution of its products
since at least the 1970s. On January 4, 1978, the Tobacco Institute's Committee of Counsel
met at the offices of Phillip Morris in New York City. The Committee of Counsel was the high
tribunal that set the tobacco industry's legal, political, and public relations strategy for
more than three decades. The January 4, 1978 meeting was called to discuss, among other things,
published reports concerning organized crime's involvement in the tobacco trade and the tobacco
industry's complicity therein. The published reports detailed the role of organized crime in the
tobacco trade (including the Colombo crime family in New York) and the illegal trade at the
Canadian border and elsewhere. RJR's general counsel, Max Crohn, attended and participated in
the meeting. All of the large cigarette manufacturers were present at the meeting and represented
by counsel, such as Phillip Morris (Arnold & Porter, Abe Krash) [Author's note: Arnold & Porter
is a firm that will come up several times later in our story] and Brown & Williamson
(Paul Weiss Rifkind Wharton & Garrison, Martin London). The Committee of Counsel took no action
to address, investigate, or end the role of organized crime in the tobacco business. Instead,
the Committee agreed to formulate a joint plan of action to protect the industry from scrutiny of
the U.S. Congress. [13c]" [3]

This would be a good point to listen to Catherine Austin Fitts "This is a System" "It was the best
of a lot of bad options." [1] 00:12:45 "If you move $40Tn out of these different legal systems
and into a new system that you could earn enough money, dividends and interest to pay the ongoing
costs of a global government." [1] 01:04:30

So, if $40Tn just drops off the radar screen, is the current US economic data and World economic
data believable? Who has control of that amount of credit? Are the Bankers still wrenching gold
from the hands of the Warlords? I'm thinking that in a three-way fight, Bankers vs Warlords vs
Mathematics, Math will win, but when?

Dark, difficult, posts are in the pipeline ....

[1] Catherine Austin Fitts at the Secret Space Program Conference 2014 San Mateo.
"Through the MOU, the DOJ relieved the CIA of any legal obligation to report information of drug trafficking and drug law violations with respect to CIA agents, assets, non-staff employees and contractors.[23] Presumably, this included the corporate contractors who, by executive order, were now allowed to handle sensitive intelligence and national security outsourcing."
37  Economy / Economics / Re: Economic Totalitarianism on: April 15, 2017, 07:30:29 PM
Lord Blackadder: Baldrick, you wouldn't see a subtle plan if it painted
itself purple and danced naked on top of a harpsichord, singing
"Subtle Plans are Here Again!"

Sounds about a subtle as trying to cash ten $1,000,000,000.00 "Kennedy Bonds."
Now, I was going to describe these as "counterfeit," but when it comes to these
Bonds, and the other enterprising documents, they exhibit a level of weirdness
that makes even the word "counterfeit" suspect.

The background is best summed up on Reddit in the conspiracy section. [1]
To try to make sense of the bizarre stories, I'll separate off the bonds dated
before WWII. Both Japan and Germany had reason to prepare and issue counterfeit
US Bonds, and also the US may have prepared such documents as a means of economic
warfare. Bonds issued issued in support of covert activities, and backed by gold
from the Black Eagle trust and similar Japanese Bonds are of particular interest.
[2] 01:02:08 [4] p127 "It is, accordingly, my unqualified opinion that the
Certificates are not counterfeit." Professor Lausier [4] p129 

If, back in the day, The Secretary of the Treasury could not control people in the
Federal Reserve Bank, that may be a problem for the USA, even today.

What is interesting though, is not necessarily the Bonds themselves, but also why
they might have been issued, when they might have been issued, and their terms and
redemption dates.

"In fact, suggests Prof Aldrich, the monetary instruments obtained by Slamaj may be
intricate forgeries, but if they are, it is possible that the CIA manufactured them."[3]

The Bearer Bonds referred to above are, in principle, the same as a bet on a horse race.
If you like the odds, you hand over some money to a bookmaker, get a docket, and at some
agreed time you collect your winnings. If it's a two horse race for 50 years, and you can
back both horses at 3:1 odds, you may want to take those bets. Of course, both horses
might die, the bookmaker might disappear, and the docket might get lost, so it's not
quite the sure thing it appears to be.

As to why the Bonds were issued, the simplest explanation is that they are fake, ie that
no legitimate equivalent exists. That may be so, but for the purposes of this narrative
I will move on to the more interesting alternative: that they are someone's liability,
and that somewhere, the original asset still exists. There is also the possibility that
the original asset in encumbered, that multiple debts are outstanding against each
original asset.

If the original assets are held in dark accounts, and the liabilities are also covert,
re-hypothecation must occur unless a central register of assets and liabilities is
prepared and constantly updated. And even then, if fraud is intentional, it will happen

The size of these liabilities suggests activities such as war; setting up the European
Community; the Iran Contra Affair; the conflicts in South and Mid America; the War on
Drugs; the War on Terror; and "land" grabs in Space, Technology and Information. This
is just to give a vision of the scale of activity these things might cover, and where
covert financing might want to get involved.

Suppose, in the example above, both horses make it to the finish line, but the bookmaker
hasn't had the foresight to lay off enough of the risk to be able to make good on the
docket. Even worse, there are a whole bunch of people all waving a docket covering the same
bet, so what happens? As soon as the first guy gets arrested for counterfeiting, no-one
else presses their claim, unless they have good hard evidence of the bookmakers's
wrongdoing. But, one way or another, a load of Debt vaporizes.

When that happens, good debt becomes bad debt, and gets written off and if enough of that
happens, it can move the needle on a country's GDP, even a country the size of the USA.   

"We have received reports that the Treasury has conducted secret talks with a few of
the note holders and has made offers to redeem them for a small percentage (1-10%)
of their face value. The Treasury clearly wants these notes turned in and removed
from 'circulation'...but will not pay full face value for obvious reasons." [3]

A less obvious reason may be that once the Bonds are admitted to be genuine, a linkage to
covert and illegal activities may be exposed - which somewhat argues against the publicity
surrounding their discovery. There may be other incidents that were hidden from the press.   

Other possibly unfake "fake" paper?
21849 Tons. Think of 1000kg gold as a rounding error [5]
Maybe this is why the Deep State wants to ban all forms of paper money, except Bitcoin. :-)


[2] Joseph P Farrell at the Secret Space Program Conference 2014 San Mateo presentation 1.


[4] Gold Warriors - the Japanese '57' Bonds were issued in 1982-1984 with a 15 year maturity 

38  Economy / Economics / Re: Economic Totalitarianism on: April 15, 2017, 07:28:13 PM
"The speech had been proceeding for perhaps twenty minutes when a messenger
hurried on to the platform and a scrap of paper was slipped into the speaker's hand.
He unrolled and read it without pausing in his speech. Nothing altered in his voice or manner,
or in the content of what he was saying, but suddenly the names were different.
Without words said, a wave of understanding rippled through the crowd.
Oceania was at war with Eastasia! "
George Orwell "1984" Chapter 2 The sixth day of Hate Week
"Just to put it all into perspective, it was not the Russian government that allegedly had backdoor access to virtually every Windows-based platform and had infiltrated the information network that connects every bank in the world, but the NSA... and the US government."
"While many more questions will emerge following today's leak, one can't help but wonder if the entire "Russian hacking" scandal had been staged - either with the prior knowledge of the NSA or without - and just how much deeper this particular rabbit hole goes."
"Maybe if all suviving WWIII theshadowbrokers be seeing you next week. Who knows what we having next time?"

If you've been paying attention, you'll already know all this - and more.
39  Economy / Economics / Re: Economic Totalitarianism on: April 08, 2017, 08:03:38 PM
"Big fleas have little fleas upon their backs to bite them,
and little fleas have lesser fleas and so ad infinitum" The Oxford Book of Proverbs

Have you ever wondered why governments print or mint their own money?
Or why communities, at times of financial stress issue their own banknotes?

The reason is convenience. But also the knowledge thet the issuer, at some
time in the future, will make good on his promise to pay. So, if you have
the assets to cover the debt, and the ability to produce perfect counterfeit
goods or currency, an if in so doing you can keep covert activities secret,
aren't you going to get into the counterfeiting business?

In the 1950's and 1960's gold and silver coins circulated readily in Europe,
hence their use by the CIA and by European Intelligence services to fund
covert operations. By 2001 'drugs are called "gold" and used as currency
worldwide.' [1] This merely moves the problem of counterfeiting from the drugs
themselves and onto the fiat money payment system. And having weaponised
medication circulating freely alongside weaponised currency probably doesn't
count as a war crime if or when things get messy. At time the line between
unauthorised and counterfeit can be very thin.

"... FRN's and FRB's ... were printed by the US Government at the Bureau of Engraving
and Printing in Washington, where the CIA has an office occupied full-time in such
activities ..." [2] "Bender claims that the supernotes are of such high quality and are
updated so frequently that they could be produced only by a US Government agency such as
the CIA. [3] 00:14:03 "Whoever is doing this is operating at a loss" "They deliberately
produce them in a way that can be tracked by no-one except the US Government and other
central banks."

As Mr DeCarbonnel points out this counterfeit money can go straight to the bottom line of
the ESU's balance sheet, it "increases profits" and it helps "negate the threat" of dollars
in the rest of the world returning to the United States. The highest dollar denomination
is $100. Bonds, including dollar Bonds can be any value, including billions, and hundreds
of millions of dollars and dollar equivalents. 
It may be difficult to grasp the scaling here. I'll take gold ($1250/oz) as a metaphor:

Big flea: the Derivatives market =          17,360,000 Tons
little flea : the Bond Market    =          2,480,000 Tons
little flea : the stock market   =          1,240,000 Tons
lesser flea : US$ paper notes etc =          99,200 Tons
Illicit drugs flea, world (1% GDP) =          17,360 Tons
Bitcoin flea: Market cap      =             448 Tons
and so ad infinitum.
Hence, if you are doing something likely to "move the needle" within the $19Tn US economy,
eg covert economic warfare, then counterfeiting US $100 bills isn't likely to be your go-to
theater. Despite reports about US Dept of Defence spending and lack of control,[4]
it would be problematic to use thousands and perhaps tens of thousands of tons of gold
as any form of weapon directly or covertly.

Despite the notional size of the Derivatives market, there are too few players to allow
covert action to take place, and the nett size of the market is relatively tiny.

Maybe the Bond market is the place to look.

'A journalist at the Financial Times told us: "It has now reached a point where you
can go into one of the big banks in New York, London or Zurich, give them half a metric
ton of gold in return for a certificate of ownership, walk around the block for ten minutes,
re-enter the same bank, and they'll deny ever seeing you before, and have you arrested for
presenting them with a counterfeit certificate."' [5]   

Half a metric ton of gold is $20 million.
[1] Chapter 17 "The Last Circle" p341

[2] Gold Warriors p255

[3] "What I have been afraid to blog about the ESF and its history - part 5" Eric Decarbonnel


[5] Gold Warriors p248
40  Economy / Economics / Re: Unrestricted Banking and Problem Banking on: April 08, 2017, 08:01:24 PM
Still no updated figures from US .gov to allow an update to my projected
2017 economy. They are still changing their figures back to 2013, so final
figures for 2017 may not appear until after 2020. If your income depends on
updates to US CPI for increments, suck it up, buttercup.

The reason for this update is a couple of news items on productivity:

"Yellen blamed the recession and lack of productivity for poor earnings growth. Greenspan blamed the aging of baby boomers. Given real earnings have been nearly flat since 1979 while real output is up 94.9%, those theories are obviously faulty. Doesn't the Fed bother to test their theories against actual data? You have the answer."
"Output per hour has been growing at approximately 1/2% annually in the US and other developed countries over the past five years, compared with an earlier growth rate closer to 2%. That is a huge difference, which is reflected proportionately in the gross domestic product and in people's standard of living."

You might not immediately see the connection to this item:
"The United States is in the upper right, which shows that our per-person healthcare spending is significantly higher than that of the other OECD countries. Switzerland is a distant second place. Our extra spending doesn't help us live longer. We actually die a little earlier than our peers in Japan and most of Europe. You can quibble over details in this data, but the broad facts are inescapable. We spend too much on healthcare relative to the health it buys us. As long as that is the case, no reform plan will work."

Fix healthacre, and pensions will implode .... oh wait ...

Add to that the US "Education" System, and if you are an American, you're screwed.
But you knew that already. Maybe lying down in a darkened room will help you
feel better. It's much cheaper than Valium.

Meditate on the productivity graph. Note that each data point is an average of
the past five years. Note also that the last year plotted is 2015.

And another thing, when you are invited to "share" your anonymity with a bitcoin exchange KYC ....
"The overwhelming evidence provided by the above-mentioned (and other) economists is that once a particular speculative round runs its course, this īinvestment° is converted into 'gains' directed, almost entirely, at already existing assets (primarily real estate), and so does little or nothing for the productive economy."
"A couple of weeks ago, for instance, the Guardian published a long investigative piece, titled the 'Global Laundromat', detailing how 17 UK banks laundered £20/$25bn, mainly for Russian oligarchs with criminal links. The same Guardian article estimates that around £100/$125bn a year is laundered by UK banks for shadow and criminal entities."
"This though is the tip of the proverbial iceberg."
"According to the right-wing tabloid, the Daily Mail (always slavishly beholden to the Conservatives), Javid was a senior executive at DB in 2004 when it funnelled bonuses through the Cayman Islands to enrich 300 senior staff in London."
Pages: « 1 [2] 3 4 5 6 7 8 9 10 11 12 13 14 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!