Keynesianism at its finest. Abenomics was pushed into high gear in 2013. Abe and his banker cronies were going to create inflation at all costs. They have succeeded. Everything is soaring in price in Japan. One small problem. Real wages are collapsing and the lives of average Japanese are being destroyed.
The Japanese are a tiny people. Maybe they’ll like sleeping in drawers.
Don’t forget to thank a banker today for their man made inflation. Thank God our central bankers wouldn’t do such a thing.
‘Extraordinary Popular Delusions and the Madness of Crowds’
(Page 15)
“With a weakness most culpable, he lent his aid in inundating the country with paper money, which based upon no solid foundation, was sure to fall, sooner or later. The extraordinary present fortune dazzled his eyes, and prevented him from seeing the evil day that would burst over his head, when once, from any cause or the other, the alarm was sounded.”
So help me GOD how I would love to own my own bank.Print money out of thin air and then use it to buy real assets.Sounds. like an earthly heaven .
bb
The way in which this world works here in the good ‘ol USSA to own your own bank WOULD BE A HEAVEN ON EARTH (for you – not for the debt slaves that your bank created).
The banks can also destroy lives in many other ways.
One of which was when the ‘RTC’ (Resolution Trust Corporation – “Resolving the Crisis, Restoring The Trust”) in the late 1980’s was dealing with the banking crisis of that time period.
The RTC came into a local Cape Cod saving & loan, one Sentry Savings Bank where it was found that the bank president was cooking the books. The RTC ‘called in’ many loans, one of which was one of mine – the ONLY loan that I had with this bank. Compared to my other loans / mortgages at this time the 50K was a very small loan. The RTC gave me 30 days to pay off a PERSONAL, UNSECURED loan in the amount of $50k. I was current on this loan and fully within the terms of the loan agreement, as I was with all of my many loans and mortgages at that time, but the Cape Cod building boom of the 1980’s had ended and I could not get my hand on 50K within 30 days – payroll and operating expenses and LOAN PAYMENTS took priority. My lawyer tried to contact the RTC but he got no where – and they never even returned his many calls.
On day # 31 the tow trucks came to my home and took my wife’s Jeep right in front of her and my young daughters, and they took my business trucks which were owned by a Massachusetts Corporation – Orleans Foundations, Inc. They took EVERYTHING that was outside of my 64 X 40 metal building – WAY more than 50K worth of shit ! How the fuck could they get away with this shit on a personal UNSECURED note? They got away with it because they were THE FEDS – FUCKIN A !
This action by the RTC shut my business down and forced me and my wife into a corporate and personal Chapter 7 bankruptcy. I lost my house, my business properties, my IRA, my emplyees, I lost EVERYTHING. I had just turned 30 years old.
On the last day before the bank was to change the locks on the doors to my home I cut down from an Oak tree branch the rope swing with a hand made wooden seat that I had made for my little girl. I fell to my knees and cried like a baby. At that moment if I had owned a hand gun I would have blown my brains out! I fell into a ten year bout of deep depression after this event.
Ever since this day I have absolutely fucking hated banks, lawyers, politicians, the government, et al !
My dear Skinbag ,you hate banks lawyers , politicians and the government but and this a very big but ,wasn’t it your own greed that caused you to take out all those loans.To go into debt in the first place?A debt filled life is a covetous life. Seems this disaster was of your own making. Very easy to blame you own stupidity on bankers, lawyers , politicians and the biggest scapegoat of all.The government.
What did you learn from you adventure besides hating other people for your own mistakes?Be honest.This is a teachable moment.
One other thing, maybe you shouldn’t be working 85 hours a week. Are we back to coveting?
Been there done that Skinbag. You get over it eventually and you’re lucky you weren’t 50 or 60 when it happened.