PARTY OF COMPASSION

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BURN IT DOWN

It seems things are falling apart across Europe. I guess this means the little people aren’t all that happy with the ECB solution of saving bankers and billionaires while throwing them under the bus. The barbed wire is a nice touch by the German security forces. I understand they are very good at using barbed wire to control the population. Europe will burn. War is inevitable. The debt house of cards is crumbling. The people are angry. Revolution is in the air. Burn it to the ground. Aren’t Fourth Turnings fun?

Violent Clashes Break Out Next To New ECB Headquarters In Frankfurt As Thousands Protest Austerity: Live Webcast

Tyler Durden's picture

It’s not just Greece which is protesting the utter lack of reforms enabled by the ECB known as “austerity” – as of today so is Germany itself with the so-called #Blockupy movement. According to local media reports, the start of anti-austerity rallies in Frankfurt coincided with the European Central Bank opening its new headquarters, whose occupants are now besieged by tens of thousands of protesters, so perhaps #OccupyQ€ would have been more appropriate. Police said they expect around 10,000 anti-capitalist protesters, marching under the banner of leftist alliance Blockupy, to attend the rally, with a march through the city planned for later in the evening. The result is what according to a police spokesman “is one of the biggest deployments ever in the city.

As the photos below shows, several police cars have been set on fire, with windows being smashed and demonstrators throwing stones at police ahead of the massive demonstration on Wednesday, and as riots break out across Frankfurt even as thousands of police respond with water cannon, pepper spray and mass arrests.

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THE WORTH OF PAPER MONEY

The value of fiat currency couldn’t be made any clearer. The Fed burns 5,000 tons of fiat every year. It’s only worth something if you believe it is worth something. Gold cannot be burned and destroyed. It is worth something because it is rare, cannot be reproduced with a printing press, has been considered a form of wealth for centuries, and has always been worth something. Every fiat paper currency ever issued by corrupt government politicians and greedy bankers has ultimately reached its true intrinsic value – ZERO. Let is burn!!!

How To Stay Warm In Philadelphia – Burn Dollar Bills

Tyler Durden's picture

Apparently taking a page out of China’s book, Factually reports the Philadelphia Federal Reserve office (apparently aware of the worthlessness of their fiat currency) sends old currency to local power plants, where it’s burned for electricity. As WSJ reports, The Fed destroys more than 5,000 tons of U.S. currency a year – most of it once went to landfills, but the central bank has pushed for years to go green with all that green. It appears we have come a long way from the Federal Reserve Bank of Richmond’s 1953 annual report when it boasted it had “money to burn.”

 

From 1953…

 

As Gizmodo reports,

Philadelphia is literally burning money to keep the lights on. And that’s a good thing! They used to just shred it and send it to landfills, letting all that energy go to waste.

 

 

“Rather than just sitting in a landfill, it’s producing electricity for residents in the Delaware Valley, here in our district,” an official at the Federal Reserve Bank of Philadelphia proudly told the Wall Street Journal.

 

Other municipalities around the country have similar currency incineration programs, including Los Angeles County, where they burn as much as 500 tons of money per year. I suppose the image of burning money is a good reminder to turn the lights off when you leave a room. Your dollar bills are literally going up in smoke.