“it was only 'a failure of animal spirits' (to use Keynes' description of the loss of confidence) that caused the 1930s economic depression.” ...It was the same economic measures of calling in their loans (as they are doing to Greece, Spain, etc.) and tightening the money supply as well as raising interest rates that caused the FED orchestrated “Great Depression” of 1929. This is what precipitated the Stock Market Crash – and then they used that as the excuse for further controls on the money supply, instead of doing what Keynes wanted: flow more money into the system to stop the growth of unemployment so as to kick-start the economy again. This time though they used the “bad debt trading of derivatives on the housing bubble” to orchestrate this upcoming depression. If the people of Ireland, Greece, Spain, Italy etc. were given a fair paper ballot referendum (not computers so easily manipulated as the Bush elections showed us in America) then I believe they would get out of the Euro. Argentina managed it, and now the IMF and the FED are seething and frothing at the mouth and taking them to court or rather suing them because they had the audacity to want their national sovereignty back! Check out "fractional reserve" lending on "The Money Masters" on You Tube to get a clear picture as to how the whole civilized world is being fleeced for the gain of a few private individuals. It is not a conspiracy theory, it is simple fact. Another of their goals is to have us fight amongst ourselves, instead of trying to solve the real problem which is “fractional reserve lending.” The German taxpayers, for example, are rightly angry but for the wrong reasons! The ECB is pulling the wool over their eyes just like the FED is pulling the wool over the eyes of America. The ECB is making out that they need money to bail out Greece, Spain, etc. when they have really lent out far more than they have in their vaults already! They are also being backed by the FED with “fractional reserve” dollars to the tune of 85% of their assets. The whole Ponzi scheme is based on thin air dollars – so in effect there is no need to fleece the German taxpayer as well. But it does serve to divert attention from the real culprits: private banking in the form of the ECB, the FED and the IMF! In this way the Greeks are seen as lazy, no-good for nothings to the Germans and the Germans are seen as “Nazis” by the Greeks. Divide and conquer is an age old adage and it is diverting attention from the real culprit: Private Banking in the form of the FED and the ECB and they are getting away scot-free when they are causing this depression in the first place. Since everything anyway is based on “fractional reserve lending” or “thin air” debt, then why are interest rates up and money tight in both America and Europe? This is the cause of the economic crisis – not because some Greek café owner didn’t give out a receipt to a customer! The FED did it in 1929 to cause the Great Depression: raise interest rates and tighten the money supply just when they should be doing the opposite according to Keynes to get out of this slump. Private banking is orchestrating this depression and it is getting worse and worse every day leading to more nations slowly falling under their total control. It is ironic that Greece is the first victim of this multi-headed Hydra from Greek Mythology composed of the IMF, the FED, the ECB, the NCBs, and others! Even Hercules would have a hard time with this one as there are too many heads working in concert this time to enslave the world in debt. Whenever nations or empires printed or coined their own money that was debt and interest free the world prospered. The Romans with their bronze coins, England with her Tally Sticks, and Lincoln with his “Greenback Dollars” printed directly by the US Treasury. Many would argue that money would be worthless if we cut out private banking to print our money, but just the opposite would happen. If a country can issue a debt-laden interest bearing bond on good faith to a private bank to print its money, it can also issue a debt-free paper note to the public directly!
Access Investments-Building Awareness - European Union-ROMANIA
Monday, February 25, 2013
“it was only 'a failure of animal spirits' (to use Keynes' description of the loss of confidence) that caused the 1930s economic depression.” ...It was the same economic measures of calling in their loans (as they are doing to Greece, Spain, etc.) and tightening the money supply as well as raising interest rates that caused the FED orchestrated “Great Depression” of 1929. This is what precipitated the Stock Market Crash – and then they used that as the excuse for further controls on the money supply, instead of doing what Keynes wanted: flow more money into the system to stop the growth of unemployment so as to kick-start the economy again. This time though they used the “bad debt trading of derivatives on the housing bubble” to orchestrate this upcoming depression. If the people of Ireland, Greece, Spain, Italy etc. were given a fair paper ballot referendum (not computers so easily manipulated as the Bush elections showed us in America) then I believe they would get out of the Euro. Argentina managed it, and now the IMF and the FED are seething and frothing at the mouth and taking them to court or rather suing them because they had the audacity to want their national sovereignty back! Check out "fractional reserve" lending on "The Money Masters" on You Tube to get a clear picture as to how the whole civilized world is being fleeced for the gain of a few private individuals. It is not a conspiracy theory, it is simple fact. Another of their goals is to have us fight amongst ourselves, instead of trying to solve the real problem which is “fractional reserve lending.” The German taxpayers, for example, are rightly angry but for the wrong reasons! The ECB is pulling the wool over their eyes just like the FED is pulling the wool over the eyes of America. The ECB is making out that they need money to bail out Greece, Spain, etc. when they have really lent out far more than they have in their vaults already! They are also being backed by the FED with “fractional reserve” dollars to the tune of 85% of their assets. The whole Ponzi scheme is based on thin air dollars – so in effect there is no need to fleece the German taxpayer as well. But it does serve to divert attention from the real culprits: private banking in the form of the ECB, the FED and the IMF! In this way the Greeks are seen as lazy, no-good for nothings to the Germans and the Germans are seen as “Nazis” by the Greeks. Divide and conquer is an age old adage and it is diverting attention from the real culprit: Private Banking in the form of the FED and the ECB and they are getting away scot-free when they are causing this depression in the first place. Since everything anyway is based on “fractional reserve lending” or “thin air” debt, then why are interest rates up and money tight in both America and Europe? This is the cause of the economic crisis – not because some Greek café owner didn’t give out a receipt to a customer! The FED did it in 1929 to cause the Great Depression: raise interest rates and tighten the money supply just when they should be doing the opposite according to Keynes to get out of this slump. Private banking is orchestrating this depression and it is getting worse and worse every day leading to more nations slowly falling under their total control. It is ironic that Greece is the first victim of this multi-headed Hydra from Greek Mythology composed of the IMF, the FED, the ECB, the NCBs, and others! Even Hercules would have a hard time with this one as there are too many heads working in concert this time to enslave the world in debt. Whenever nations or empires printed or coined their own money that was debt and interest free the world prospered. The Romans with their bronze coins, England with her Tally Sticks, and Lincoln with his “Greenback Dollars” printed directly by the US Treasury. Many would argue that money would be worthless if we cut out private banking to print our money, but just the opposite would happen. If a country can issue a debt-laden interest bearing bond on good faith to a private bank to print its money, it can also issue a debt-free paper note to the public directly!
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4 comments:
Britain's knee deep in crap, so is France, so is Spain, Italy, list goes on; of varying depths. There is no way out of this mess for Britain apart from cutting benefits, drastically, so that the budget is in surplus and a fixed amount can go paying down the debt so that it at least ticks down instead of up. Since that is never going to happen, gold continues to move from west to east and oil remains stubbornly high during a supposed recession, I'd be seriously worried about what is going to happen in the next decade financially.
France more open than US and Germany - JOKE!
This is the Country that will create all sorts of petty rules to delay competition with its industry. It also avoids EU rules on free movement of employment, it provides backhand subsidies to its companies. France is about as open as a Prison. That is why they are not competitive and industry is collapsing around them. Anyone who wants to set up a company should come to US, UK anywhere other than France.
The truth from an Australian/American business perspective is that both Britain and France are hopelessly over-regulated and over-taxed. Both have sclerotic economies strangled by insane labour laws policed ruthlessly by the most bloody-minded unions on the planet. I spent months, based in Brussels, exploring business investment 'opportunities' within the EU and eventually walked away.
naud Montebourg said that anti-French sentiment over the country's attitude towards foreign investors formed part of a "negative campaign" against the country that had created “a growing gap between the perception of France and the reality”.
“To say France doesn’t love the economy and doesn’t love its companies: that is a falsehood,” Mr Montebourg told the Financial Times. “We have a tradition of welcome in our country for foreign companies that goes back a long way, including when JPMorgan came here in 1868.”
The boss of US tyremaker Titan said this week that it would be “stupid” to invest in France because of its lazy workforce and "crazy unions". Maurice Taylor wrote a barrage of abuse to Mr Montebourg after the French politician appealed for financial support for an ailing Goodyear factory.
"The French workforce gets paid high wages but only work for three hours. They get one hour for breaks and lunch, talk for three and work for three. I told this to the French union workers to their faces. They told me that's the French way!" Mr Taylor said in the letter.
But Mr Montebourg, who branded Mr Taylor's comments "ignorant", insisted that France was more attractive to foreign investors than America or Germany. He told the FT that France's ratio of foreign investment to GDP was 39pc last year, compared with 23pc in America and 20pc in Germany, citing UN Conference data.
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