THE GOOD, THE BAD AND THE UGLY – PART THREE

“You see in this world there’s two kinds of people, my friend. Those with loaded guns, and those who dig. You dig.” –  Blondie – The Good, the Bad and the Ugly

“There are two kinds of people in the world, my friend. Those who have a rope around their neck and those who have the job of doing the cutting.” – Tuco – The Good, the Bad and the Ugly

The economic peril that we find ourselves confronted with, has been ninety-eight years in the making. The confluence of debt, demographics, delusion, and denial has left the country at the precipice of annihilation. There are two kinds of people in the world, those who control the money and those that are controlled by those who control the money. The last century has been marked by a methodical looting of the good (working middle class) by the bad (Federal Reserve & bankers) and supported by the ugly (Washington D.C. politicians). When historians pinpoint the year in which the Great American Empire began its downward spiral they will conclude that year to be 1913. In this dark year for the Republic, slimy politicians, at the behest of the biggest bankers in the country, created a private central bank that has since controlled the currency of the United States. This same Congress staked their claim as the most damaging group of politicians in US history by passing the personal income tax in the same year. These two acts unleashed the two headed monster of inflation and taxation on the American people.

The government began keeping official track of inflation in 1913, the year the Federal Reserve was created. The CPI on January 1, 1914 was 10.0. The CPI on January 1, 2011 was 220.2. This means that a man’s suit that cost $10 in 1913 would cost $220 today, a 2,172% increase in ninety-eight years. This is a 95.6% loss in purchasing power of the dollar.  The average American does not understand the insidious nature of central bank created inflation. It makes you think you are wealthier while you are driven into abject poverty. The Federal Reserve and politicians have pulled the wool over your eyes. The CPI was 30.9 in 1964. Today, it is 223.5. This means prices have risen 723% since 1964. The only problem is your wages have not risen at the same rate, even using the government manipulated CPI. Using a true CPI figure, average weekly earnings are 64% below what they were in 1964. This explains why a family of five could live well with one parent working in 1964, but even with both parents working and accumulating debt in prodigious amounts, the average family cannot live as well today.

It is not a coincidence that the percentage of the working age population employed bottomed in 1964 at 59%. The participation rate rose steadily for the next thirty six years, topping out in 2000 at 67.1%. The employment to population ratio also bottomed at 55% in 1964. It rose to 64.4% by 2000. It seems that future historians will mark the year 2000 as the peak of the American Empire. Apologists for the Federal Reserve and politicians who have steered this country since 1964 would argue the increase in the percentage of the population working was a positive development. Nothing could be further from the truth.

The American middle class was forced to send both parents into the workforce just to keep up with the ever declining real weekly earnings. The Federal Reserve created inflation has methodically destroyed the American dream for the middle class. As both parents had to go into the workforce, American children were left to fend for themselves or be raised by strangers in daycare centers. The pressure of trying to keep up with inflation strained families to the breaking point. The number of divorces per thousand marriages was 10 in the early 1960s. It more than doubled to 22.6 by 1980 and still resides at 17 today. There are many factors for the disintegration of the traditional family unit, but the financial strain on families to maintain a consistent standard of living due to relentless inflation has been a key factor.

From the founding of our country there had been constant conflict between corrupt bankers trying to control the currency of the nation to further their own enrichment at the expense of the people and a few courageous leaders willing to fight them. The bankers won the century old battle in 1913.

Den of Vipers & Thieves

“I too have been a close observer of the doings of the Bank of the United States. I have had men watching you for a long time, and am convinced that you have used the funds of the bank to speculate in the breadstuffs of the country. When you won, you divided the profits amongst you, and when you lost, you charged it to the Bank…You are a den of vipers and thieves. I have determined to rout you out and, by the Eternal, I will rout you out.” Andrew Jackson

The First Bank of the United States was created in 1791. Alexander Hamilton, the 1st Secretary of the Treasury, proposed this bank and convinced a hesitant President Washington to agree. John Adams and Thomas Jefferson were against the concept. It favored the moneyed classes of the North versus the agrarian South. The bank was given a 20 year charter and President James Madison let it expire in 1811. He understood the true nature of the banking interests:

“History records that the money changers have used every form of abuse, intrigue, deceit, and violent means possible to maintain their control over governments by controlling money and its issuance”.

Madison had to renew the charter in 1816 as the War of 1812 resulted in large government debts. Politicians always turn to bankers when funding wars and programs to get them re-elected. As usual, once unshackled, the bankers immediately caused a boom through their loose monetary policies. The Bank created a fake boom by 1818 through its reckless lending, which encouraged speculation in land. This lending allowed almost anyone to borrow money and speculate in land, sometimes doubling or even tripling the prices of land (remind you of another time in recent history?). In the summer of 1818, the national bank managers realized the bank’s massive over-extension, and instituted a policy of contraction and the calling in of loans. This recalling of loans simultaneously curtailed land sales and slowed the U.S. production boom due to the recovery of Europe. The result was the Panic of 1819. There was a wave of bankruptcies, bank failures, and bank runs; prices dropped and wide-scale urban unemployment struck the country. By 1819 many Americans did not have enough money to pay off their property loans. Do you see any difference between 1816 – 1819 and 2005 – 2011? Central banks don’t eliminate financial panics, they cause them. Booms and busts have always existed. They have become more common and extreme since the unleashing of greedy corrupt central bankers in the U.S., going back two centuries.

Andrew “Old Hickory” Jackson became President in 1829 and proceeded to declare war on the Second National Bank. He was the first and only President in U.S. history to pay off the National Debt. He worked tirelessly to rescind the charter of the Second Bank of the United States. His reasons for abolishing the bank were:

  • It concentrated the nation’s financial strength in a single institution.
  • It exposed the government to control by foreign interests.
  • It served mainly to make the rich richer.
  • It exercised too much control over members of Congress.
  • It favored northeastern states over southern and western states.

President Jackson believed that only Congress should be responsible for the issuance and control of the currency. Delegating that duty to powerful New York bankers was distasteful to him:

“If Congress has the right to issue paper money, it was given to them to be used … and not to be delegated to individuals or corporations”

President Jackson vetoed the extension of their bank charter in 1832. He redirected government tax revenue to other state banks.  The Second Bank of the United States was left with little money and, in 1836, its charter expired and it turned into an ordinary bank. Five years later, the former Second Bank of the United States went bankrupt. Those who believe that a central bank is essential to economic progress need to examine the “free banking” period from 1837 to 1861. In the last five years of the Second Bank’s existence prices rose by 28%. Over the next 25 years, prices in the U.S. fell by 11%. We experienced the dreaded deflation. Did deflation destroy America? Not quite. GDP grew from $1.5 billion in 1836 to $4.6 billion in 1861. Deflation is only fatal to debtors. Inflation is the friend of lenders and the moneyed classes.

The American Civil War brought about the National Banking Act of 1863, which created a network of national banks. Politicians always need bankers to fight their wars and Abraham Lincoln was no different. By 1870 there were 1,638 national banks. This did not eliminate the booms and busts that punctuate human history, but the booms and busts were not scientifically created by a small cabal of bankers. With thousands of banks, those who made bad lending decisions failed. The economy withstood the periodic panics and continued to grow. The GDP of the U.S. grew from $7.6 billion in 1863 to $39 billion by 1913, with virtually no inflation. The Federal government ran surpluses or very small deficits during this entire time period. These facts refute the argument that a strong central bank was necessary to keep our economic system operating smoothly. It seems the Big Lie was not invented by the Nazis.

Creature from Jekyll Island – Control the Money, Control the Country

“I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. No longer a government by free opinion, no longer a government by conviction and vote of majority, but a government by the opinion and duress of a small group of dominant men.”President Woodrow Wilson

Any impartial assessment of inflation throughout the history of the United States confirms that from the beginning of our nation through the War of 1812, the Mexican American War, the Civil War, the Spanish American War and the Industrial Revolution, the country experienced virtually no inflation as bankers were kept from controlling the U.S. currency and our legal tender was backed by gold. The creation of the Federal Reserve in 1913 and the closing of the gold window by Richard Nixon in 1971 unleashed a tsunami of inflation that continues to inundate our country today, killing the once prosperous middle class.

The Rothschilds of London understood that a fiat currency system would benefit the few (bankers & politicians) who understood it and the masses would be too ignorant to understand they were being screwed:

“Those few who can understand the system (check book money and credit) will either be so interested in its profits, or so dependent on it favors, that there will be little opposition from that class, while on the other hand, the great body of people mentally incapable of comprehending the tremendous advantage that capital derives from the system, will bear it burdens without complaint, and perhaps without even suspecting that the system is inimical to their interests.”

The House of Rothschild had been the dominant banking family in Europe for two centuries. They were known for making fortunes during Panics and War. Some claimed they would cause Panics in order to take advantage of those who panicked. American bankers learned the lesson well. The Panic of 1907 was the used as the reason for creating the Federal Reserve. A small cabal of powerful U.S. banking interests understood that if they could control the currency of the U.S., they could control the country, its politicians, and its people.

In 1906, Frank Vanderlip, Vice President of the Rockefeller owned National City Bank, convinced many of New York’s banking establishment they needed a banker-controlled central bank that could serve the nation’s financial system. Up to that time, the House of Morgan had filled that role. JP Morgan had initiated previous panics in order to initiate stronger control over the banking system. Morgan initiated the Panic of 1907 by circulating rumors the Knickerbocker Bank and Trust Co. of America was going broke. There was a run on the banks creating a financial crisis which began to solidify support for a central banking system. During this panic Paul Warburg, a Rothschild associate, wrote an essay called “A Plan for a Modified Central Bank” which called for a Central Bank in which 50% would be owned by the government and 50% by the nation’s banks.

In November 1910 a secret conference took place on Jekyll Island off the coast of Georgia. Those in attendance were:  Paul Warburg, Bernard Baruch, Senator Nelson Aldrich, Colonel House, Frank Vanderlip, Benjamin Strong, Charles Norton, Jacob Schiff, and Henry Davison. From this meeting of the most powerful bankers and politicians in the country came the plan for a Central Bank. This conference was unknown until 1933. In 1935, Frank Vanderlip wrote in the Saturday Evening Post: “I do not feel it is any exaggeration to speak of our secret expedition to Jekyll Island as the occasion of the actual conception of what eventually became the Federal Reserve System.”

Behind the scenes these powerful men were formulating the plan for a Federal Reserve System. There was no outcry from the public to implement this plan. The public knew nothing of this. The Aldrich Plan was renamed the Federal Reserve Act and pushed forward by Paul Warburg and Colonel House. Warburg essentially wrote the Act and pressured Congressmen to see his way or lose the next election. Colonel House, who had socialist leanings, was the top advisor to President Wilson.

 

The Glass Bill (the House version of the final Federal Reserve Act) had passed the House on September 18, 1913 by 287 to 85. On December 19, 1913, the Senate passed their version by a vote of 54-34. More than forty important differences in the House and Senate versions remained to be settled, and the opponents of the bill in both houses of Congress were led to believe that many weeks would elapse before the Conference bill would be taken up. The Congressmen prepared to leave Washington for the annual Christmas recess, assured that the Conference bill would not be brought up until the following year. The creators of the bill then pulled the ultimate swindle on the American public. In a single day, they ironed out all forty of the disputed passages in the bill and quickly brought it to a vote. On Monday, December 22, 1913, the bill was passed by the House 282-60 and the Senate 43-23. This meant that the single most important piece of legislation ever passed by the Senate was missing the votes of 26 Senators because it was passed during the Christmas recess. President Wilson, at the urging of Bernard Baruch, signed the bill on December 23, 1913.

File:Fed Reserve.JPG

The Road to Hell is Paved by Central Bankers

“Banking was conceived in iniquity, and was born in sin. The Bankers own the Earth. Take it away from them, but leave them the power to create deposits, and with the flick of the pen, they will create enough deposits, to buy it back again. However, take it away from them, and all the great fortunes like mine will disappear, and they ought to disappear, for this would be a happier and better world to live in. But if you wish to remain the slaves of Bankers, and pay the cost of your own slavery, let them continue to create deposits.” – Sir Josiah Stamp (President of the Bank of England in the 1920’s, the second richest man in Britain)

 

The results speak for themselves. The Federal Reserve has been in existence for ninety eight years and over that time the U.S. Dollar has lost 95.6% of its purchasing power. In other terms, the bankers who have controlled our currency since 1913 have generated 2,172% of inflation in just under a century. In the prior one hundred years, when the country was growing by leaps and bounds, there was virtually no inflation. I’m not sure the average person fully understands this concept. To put it in layman’s terms, something that cost $4.40 in 1913 will cost you $100 today. A pair of boys’ school shoes cost 98 cents in 1913. You could purchase three loaves of bread for 10 cents. You could purchase six rolls of toilet paper for 26 cents. The truly frightening impact on the American middle class has happened since Richard Nixon closed the gold window in 1971 and allowed the Federal Reserve to print money unfettered by consequences and slimy politicians to make irresponsible unfulfilled promises as bribes for votes. This chart should worry even the most ignorant of the masses.

Items 1971 2010/11 % Increase
Average Cost of new house $28,000 $273,000 975%
Median HH Income $10,300 $47,000 456%
Average Monthly Rent $150 $750 500%
Cost of a gallon of Gas $0.40 $3.80 950%
Average New Car Price $3,430 $29,200 851%
United States postage Stamp $0.08 $0.44 550%
Movie Ticket $1.50 $7.89 526%

 

Even with the proliferation of two worker households since 1971, household income has not come close to keeping up with the costs of daily living. The average American’s standard of living has declined dramatically over the last forty years and they don’t even know it. Americans have become the slaves of bankers and pay the cost of their own slavery through inflation and debt. It is not a coincidence that consumer debt, which was virtually non-existent prior to the 1960s, began to take off in the 1970s and went nearly parabolic from the early 1990s until the 2008 financial collapse. As the Federal Reserve and political class created inflation, which reduced your standard of living, the bankers who own the Federal Reserve and control the politicians used their slick marketing machine to convince you that acquiring goods using vast quantities of debt was just as good as buying things with cash you saved.

Who benefits from inflation and the issuance of trillions in debt to average Americans? Based upon the decades of gargantuan Wall Street profits, mammoth bonuses paid to bank executives, and fact that Washington politicians absconded with trillions from American taxpayers to save their Wall Street masters, it appears that bankers and politicians are the beneficiaries. A gutted, indebted, jobless, demoralized middle class were the recipients of the downside of inflation and debt. Without a Central Bank issuing a fiat currency, with no constraints, none of this could have happened.

The Federal Reserve is primarily responsible for the destruction of the American middle class. In 1915, according the Federal Reserve annual report, they operated with 35 total employees. Today, they operate with over 20,000 employees and the cost to operate the system exceeds $3.3 billion. The Federal Reserve has failed on every one of its stated mandates:

  • It was created to stabilize the banking system and keep bank panics from occurring. Within sixteen years of its creation it caused the near collapse of the banking system and the Great Depression. The stagflation of the 1970s was caused by Fed policies. The Savings & Loan crisis was created by their policies. The internet bubble, housing bubble and eventual financial collapse were caused by Federal Reserve blunders. There have been 18 recessions since the creation of the Federal Reserve.
  • The stable prices mandate has been a wretched failure, as the Fed has manufactured 2,171% of inflation and destroyed 96% of the currency’s purchasing power. This manufactured inflation has enabled the creation of our welfare/warfare state.
  • The Federal Reserve mandate of moderate long-term interest rates has clearly not been met. The Fed Funds Rate has plotted a path of extremes over the decades, ranging from 0% to 19%, not exactly stable. The Federal Reserve has consistently set rates too low, leading to credit bubbles, which always pop and end in recession or depression.
  • The mandate of maximum employment has also been a miserable failure. The easy credit policy of the Federal Reserve during the 1920s led to the Great Depression with unemployment rates exceeding 20%. Unemployment has averaged between 5% and 15% consistently since the formation of the Federal Reserve. The true unemployment rate today exceeds 15%.
  • The Federal Reserve was supposed to supervise and control the activities of banks. Instead, under Alan Greenspan and Ben Bernanke, they stepped aside and let banks take preposterous risks while giving an unspoken assurance that the Fed would clean up any messes they caused with their debt based enrichment schemes. This total dereliction of duty and gross regulatory negligence led the greatest financial collapse in history.

The American working middle class (Good) have been deceived by the Federal Reserve, the banks that control them (Bad) and the Washington DC political class (Ugly) into believing that a fiat currency, un-backed by gold, supported by systematic inflation is beneficial to their wealth. This has been the Big Lie for the last century and has positioned the country for an epic collapse. Presidential candidate Ron Paul has been the lone voice of sanity in Washington DC for the last two decades and his assessment of the Federal Reserve while questioning Ben Bernanke in 2009 needs to be understood by every American:

“The Federal Reserve in collaboration with the giant banks has created the greatest financial crisis the world has ever seen. The foolish notion that unlimited amounts of money and credit created out of thin air can provide sustainable economic growth has delivered this crisis to us. Instead of economic growth and stable prices, (The Fed) has given us a system of government and finance that now threatens the world financial and political institutions. Pursuing the same policy of excessive spending, debt expansion and monetary inflation can only compound the problems that prevent the required corrections. Doubling the money supply didn’t work, quadrupling it won’t work either. Buying up the bad debt of privileged institutions and dumping worthless assets on the American people is morally wrong and economically futile.”

I’ve now completed three parts of the five part series, documenting the downfall of the great American Empire. Part four, Outlaw Josey Wales, will scrutinize the looting of America by a small group of powerful, connected, super rich men lurking in the shadows, but pulling the strings on our puppet politicians. Lastly, Unforgiven  will detail the impending collapse of our economic system and the retribution that will be handed out to the guilty.

The smell of revolution is in the air.

Part One – For a Few Dollars More

Part Two – Fistful of Dollars

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Reverse Engineer

crap try again

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RE

1776again
1776again

There is only one possible answer to the mess the FED has created with their one world financial cartel, and the rest of the UN entanglements (Greed Inc.), which is manned by the power elite behind the scenes, of which the latest example is Strauss Kahn.

It seems that history shows that sometimes it takes a radical shift to cancel out another radical shift which has been in place for a long time. The pendulum will hopefully swing to get shed of the RINOS and the Democratic SOCIALISTS that infest all 3 branches of government, all only too happy to place us more every day under the entanglements of the UN lovers that have infested our schools and the NEA that has brainwashed 4 generations, leading to the takeover of property via Agenda 21, and the European Union look alike that is proceeding behind the scenes, formerly named the North American Union, without any knowledge (officially) of congressional approval , thanks to Obama. The reason the borders has not been enforced since the 1970’s.

We have to make that radical shift, as most of the brainwashed RINOS and the MSM debunk Ron Paul’s ideas. The current fiasco with Strauss Kahn would be a timely example of the dangers of trusting our fate to the likes of the World Bank, BIS, and IMF. Seems to me that the way to convince the middle class that remain ignorant of the causes of our nation’s coming bankruptcy is to keep drumming the truth that applies to Mr. & Mrs. Middle Class America, that is trying to keep their heads above water that we have to have our own reformation of the system, back to the morality and liberty we were given in by our founders.

Our bought & sold MSM always (including FOX) will covertly do everything in their power to maintain the status quo. It seems to me that the best way to educate the folks that remain uninvolved is to continue to increase the reach of of talk radio, as most people do not have time literally to research the issues. MOST GET THEIR NEWS FROM THE 3 TV STATIONS, AND DO NOT HAVE ACCESS TO CSPAN, AND OTHER DISCUSSIONS. JUST ABC, NBC, & CBS, all of whom spout progressivism along with CNN.

Could a massive Radio series be the way to accomplish it, and how could it be done ? There is a net location, Democrats Against Agenda 21, the comments of which lead me to believe that there is a lot of common ground between the non radical Democrats and the Tea Party types if they can just be reached.

Lots of these folks turn on their car radios on the way to & from work, as the only times they might hear something of value. Many do not have access or time to spend on the net, so it would be nice if there were a lot of programs that tell the truth about the treasonous politicos of both parties that will lie, cheat and steal as always in order to stay in power, at the expense of the people.

Our dictator is doing everything in his power to illegally, through executive orders and bureaucrats’ directives, to kill this country. We have to stop it ! !

Novista
Novista

@ john coster

http://www.frbatlanta.org/news/conferences/10jekyll_index.cfm

When they admit the origin, it’s no longer a theory.

anonymouse
anonymouse

All of the people referred to in your article are charter members of the Council on Foreign Relations–pin the tail on the donkey–All of the major players in the great financial debacle 2007-present are members of the Council on Foreign Relations—Is it the members working independently [see The Inside Job] or the organization doing the American people in? A question?

The organization is a Union of the wealthy elite—-Warren Buffett has stated several times that a class war is being conducted on America and the rich are winning—The rich are organized–the sheeple are not—

Whose country is this? Should all the wealthy be allowed to take unscrupulous advantage all the time?

This is the road we do not want to go down—every time a nation takes this road millions die…

Admirable work, Very Best Regards

Hill Country
Hill Country

Better gitcha some gold,
Quick as ya can,
‘Cause they’re just ’bout done
Playin’ kick the can.

Time’s runnin’ short,
This dollar’s goin’ down,
Git out the casino,
If ya don’t wanta drown,

In worthless paper,
‘N leveraged debt,
‘N all the promises yet
To be unmet.

There ain’t much time,
So git a move on,
Like the rich folks’re doin’
‘For it’s all gone.

And let them bankers wallow
In their paper pit,
But let ’em know
We won’t fergit,

How they played us fer fools,
‘N stripped us bare,
Stole our labor, yeah
They gave us a scare.

But now we seen the truth,
We seen how it works,
We seen the fraud,
‘N we seen the perks.

It was a rigged shell-game,
Right from the git,
‘N their promise ain’t worth,
A bucket ‘o spit.

So gitcha some gold,
Fer startin’ over again,
We got rebuildin’ to do,
It’s just a matter of when
We got rebuildin’ to do,
It’s us versus them.

Charles Savoie

Outlaw Josey Wales is already here as of last January—“The Silver Stealers” an organization your President is an “honorary” member of and it won’t release a roster to ID the 600 or so members out of the 700 I can’t definitely ID. Ever hear of The Pilgrims Society? Once it’s glimpsed, other organizations appear to be its subsidiaries.

Cynical30
Cynical30

Hey SmokeyQuinn! It’s become a new passtime of mine to read the comments on the Zerohedge post up just for the DP threads. Classic! HAHAHAHAHAHAA

Cynical30
Cynical30

As unbelievable as that is, it’s even more disturbing how he still latches onto you with such fervor & crawls out from under his rock whenever you post. It’s like laughing at the retarded kid who just can’t stop using his head to put holes in the drywall.

David Meyer
David Meyer

I wonder if Fox news is part of the conspiracy? Are they put up as pretenders to conservative values, which are ultimately harmless in fighting the good fight, and the bad guys go about their ways with little obstruction from the so called oposition. I don’t know.

Ben Dover
Ben Dover

You failed to follow through with Tuco; There are two kinds of men in the world my friend…those with the rope around their neck and those who shoot the rope…BUT MAKE SURE YOU CUT THE ROPE…HE WHO DOUBLE CROSSES ME AND LEAVES ME ALIVE….WHOA..HE DOES NOT KNOW TUCO….

albert w loescher

While the Declaration of Independence was in its writing phase, Adam Weishaupt founded the Illuminati, but he never conceived the challenge from the ME. 137 years later, the ‘creature from Jekyll Island’ was delivered by the ‘RottenChilds’. Neither did the top hats recognize the potential from hotchpotch of Arabia. When the creature was only 15 years old, the MB was born in 1928. Present day writers of the One-World-Order have continued to misunderstand the danger from the muslim brotherhood. Only recently, these authors are beginning to awaken to the threat of shariah finance, but sadly, Gulliver’s Lilliputian threads are now too strong to break:
https://www.lariba.com/default.htm;
http://www.actforamerica.org/index.php/learn/email-archives/1021-minnesota-and-islamic-mortgages-2
The octogenarians of the ‘old-world-disorder’ seem to think they can use islam as an ally to gain their goals, but for only a short time. Eventually, the behemoths for world hegemony will necessarily butt heads as prurient children who play ‘king of the mountain’.
Biblical prophesy states the enemies will be confounded and fall upon their own swords, aka, they will be ‘hoist (foist?) upon their own petard’. Unfortunately, too much ‘collateral damage’ will ensue, and countless many more will be snuffed without the grace of Christ.
awl

MuckAbout

This thread is deteriorating by leaps and summersaults.

MA

Wasatch observer

I’m forwarding this to many contacts. In light of these policies, China, Russia Japan, France and some other countries held a secret meeting recently to discuss…..creating a new world currency. The US was not invitied. Oil and other things would no longer be bought with dollars. These are the good days when that happens! Among other things gas be priced similar to what they pay in Europe.

Thinker

From the upcoming issue of Rolling Stone:

The People vs. Goldman Sachs
A Senate committee has laid out the evidence. Now the Justice Department should bring criminal charges

“Thanks to an extraordinary investigative effort by a Senate subcommittee that unilaterally decided to take up the burden the criminal justice system has repeatedly refused to shoulder, we now know exactly what Goldman Sachs executives like Lloyd Blankfein and Daniel Sparks lied about. We know exactly how they and other top Goldman executives, including David Viniar and Thomas Montag, defrauded their clients. America has been waiting for a case to bring against Wall Street. Here it is, and the evidence has been gift-wrapped and left at the doorstep of federal prosecutors, evidence that doesn’t leave much doubt: Goldman Sachs should stand trial.”

Puckchaser

Can you provide a link to the “blistering takedown” of the FInancial Sense Web site the administrator refers to? I’d like to read. Thanks.

Richard
Richard

As well written as this is… The unfortunate truth is that no one is listening. I have about 65 friends on Facebook. A lot of them have advanced educations. 4 of those 65 appear to give a damn about what is really happening to this nation. The bulk of them are only concerned with Scottie on American Idol.

Dr Imran Iskandar
Dr Imran Iskandar

i am not sure about this but from what i understand -the american people/taxpayers took loans to sell houses to each other and to themselves each time consuming the profit .when house prices crashed the fed(american people/taxpayers) bought the mortgages from the banks.so why blame the banks?

Mandan
Mandan

I think the Fed is an instrument of politicians and Bankers.

Going back to gold and silver trinkets will not solve anything.

a cruel accountant
a cruel accountant

Admin

Enough teasing with the blog.

When is the book coming out!

jpfenton
jpfenton

I actually KNEW all this….Just never had the TIME to get off the treadmill we’re all on to write it all DOWN !!!!

TT
TT

I really like you writings and the Eastwood movies theme is terrific. However, that quote you have from Wilson seems to be dubious. If you search the web it is seems to be debunked. You might want to look into it further and/or provide sources for the quote. I’d hate for something like that to tarnish the credibility of such a well thought-out essay.

a cruel accountant
a cruel accountant

Admin

Think outside the blog.

The book is already written. Just put together your best articles and send them off to a publisher. The worst they can say is no.

Future articles can be written as either whole or partial chapters.

Apollo
Apollo

@a cruel accountant

Admin’s 4th Turning articles, albeit well-written, is his version of the real book The Fourth Turning with some of today’s facts and events thrown in. As such no publishers will touch such a re-write (by anybody). Because there is little of originality and risk of plagiarism.

However, if Admin can put forth an original and compelling story of what will emerge from the Fourth Turning (as I have so amateurishly done in one of my entries in TBP), then publishers will likely take notice. But of course, hundreds of the very best forecasters, thinkers, even messiahs and prophets are working overnight on this subject.

An example is the Shock Doctrine by Naomi Klein. She took evens of the past 3 decades, events related to US foreign and economic policies, events of US economic elites’ global mission to convert other economies, and came up with an original thesis backed by a couple of yeas of on-the-ground research. That thesis is US applied shock treatment to emerging economies as a matter of foreign policy, backed by Big Money and the Fed. She also predicted that as US runs out of developing economies to apply the shock (and plunder these foreign assets dime on the dollar), sooner or later the elitists will apply it to America itself. The book was published and became a winner. Her prediction of self-inflicted shock doctrine was dead on.

a cruel accountant
a cruel accountant

@Apollo

I learned something new today.

Kill Bill
Kill Bill

El Bueno El Malo En El Feo

El Feo:

The number of new startup businesses has declined sharply since the beginning of the recession, while the number of jobs created by startup businesses has been declining for over a decade

Chart of the Day: The Death of Small Businesses


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walt235
walt235

Given that the parasitic, Satanic jooz are behind it and most of the problems in our banking system. This article should have been called: “The Good, The Bad and the Sheenie!”

Yukie Karen Yamada

Monsters, critics and werewolves have been battling it out recently with how to frame the news media’s perception of Occupy Wall Street. Restaurant owners on Wall Street bitch on the radio,
police researchers say that most arrested in the New York protests were home owners of value
up to $300,000, in other words, middle class groups. Oakland has a City General strike in the
support of Occupy Oakland protests with 300 public school teachers marching with anarchists.
San Francisco had 3500 protesters, according to latest reports, in downtown Market Street. In
SF they are trying to figure out how to explain their trillion-dollar defense contractor economy
with the primary message machine in defense contractor news companies making most of the
money during the past decade of war, corruption within defense contractors and links to wire
terror for the rest of the country’s information systems. The news media has gotten the message,
money is to be made in defense of fundamental rights of ctizens who do what is correct at all
times in the worst of defense contractor industrial info economic structures. Yukie Yamada aka
Fern at twitter.com/FernSpoke Maui Hawaii Say “no” to APEC glossy reality!

Jimi d
Jimi d

BRAVO Admin, BRAVO !

deerInTheWhat
deerInTheWhat

Insightful……

deerInTheWhat
deerInTheWhat

Insightful……

Dan G

This is a real eye opener…. so glad I found it. I had always assumed that we now had two works in the household to enable us to have all the additional trinkets and baubles we can’t live without but that didn’t exist in the 60’s.

You have opened my eyes to a more rational viewpoint, thank you

Climb Online

Average wages over 60% less in real terms than in the 60’s… no wonder our parents could live so much better than we can?

EC
EC

Dan G, El Doggy says that it is wrong for mom and dad to go to work leaving junior to be raised by strangers and worse – men, as it violates his thesis that men and women have natural roles to fulfill. He says justifying this on the basis of economics is hogwash. Parents are sacrificing junior for economic gain.

Dual income Americans have staved off the decline initiated in the ’70s by working harder, like Boxer, and saving the 1 percenters any pain or loss. Years later, households keep adding workers to keep the family unit afloat and the 1 percenters in comfort.

Climb, If you factor in the unpaid labor, real wages are even lower, you are working for the banks, the stores, the gasoline stations, the AMA: you pump your own gas, check your car oil, park your own car, plan your vacation online, arrange your own tickets and hotels, do your own banking online along with making/entering bill payments, assemble equipment you buy, research and sell yourself products, process your purchase orders, you do your own disease diagnosis, management, treatment, drug orders, home blood tests, then buy your own casket and arrange your own funeral.

The beautiful blonde said, it seems everyone wants to ride my ass.
I say, that bumper sticker would apply, if you are going to ride my ass, at least pull my hair.

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