This was the man who I think, as well as others we can contribute the theory of economic inductance too. Like a fine mathematician, he figured out that by using currency (or depository loan accounts), he could get folk to give up real wealth (land for example) in exchange for the promise of greater wealth. He even gave governments these promissory notes for real collateral and then make the flow of loot tight so he could take other folks shit (collateral) and could even make governments go to war through the obligation of their contracts. Yes like a physicist even – inductance via the energy of the debtor.
We have only seen the start of this tumultuous period in
Yep it’s real in the field and foul. The truth is unlike other places where folks save, 80 to 85% of Americans are broke. Not to mention we aint even felt the impact of the recession yet for I feel that it will be a good 10 years plus before we even have a real good economy again. No this aint no depression, I don’t see no 10 % decline in GDP, but it is a sever repression; protectionism is on the rise and to play it safe, most countries are reducing imports. I will not even mention that the Euro has had its biggest gain against the dollar ever – that’s another story.
But do head my warning. I mean it aint like this aint ever happened before. It has, but this is the first time such has happened to
Irony of it all, In all them places, Argentina, Thailand, Indonesia and Russia among others, after the banking system collapsed, in three the governments were deposed, over thrown by the people, in the case for Russia, a new and more autocratic (communist) leadership/government was installed. Them folk over there handled theirs, my query is what we gone do? Are we gone be proactive and make certain that liberty and justice is for all – or just the wealth and political class? Are we gonna inform ourselves and pay attention, or attend to whether or not we like Beyoncee’s new song or be in the habit of stunting for folks who don’t eat, live, die or shit for us? That’s all folk here asking jones mane. The writing is on the wall as well as in history books. But yawl don’t here me though.
For any person in power who acts tyrannically, or any ruler with absolute power, or a person who wields power oppressively, to me is a tyrant – a despot and no different from Maximillien Robespierre, the mastermind of the Reign of Terror (1793–1794) during the French Revolution. Strange aint it, how deposits and despots have the same root word.