500 trillion is a lot of loot for 1 family

deposits and despots

In my short time on this Earth, I have to come to accept that ignorance is bliss for many. I have revisited this as of late with the current elections and the economic consternation that threatens the people who inhabit this dear planet. In particular as of late I have been reminded of the prophetic statement of Mayer Amschel Rothschild: “Give me control over a nation’s currency, and I care not who makes its laws.”

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 America. I know I said that all great empires will eventually crumble as did Rome. I don’t know if is the decline of the united States of America, but I speculate if we don’t come out of this period with our heads turned to the front, it will be. In today’s world, the US government has privatized all profits while at the same time socialized all losses. If it were me, I would have been straight free enterprise jones and let bad economic occurrences related to business fail. But not this government, they would rather pick and choose the companies they want to live without any logic or rationale. None of this shit they doing going to do nothing for Profit to earning ratios. And as an investor, if you have short dated paper at the bank, watch your loot – cause if it goes bust folk can on a whim, pick and choose if they will freeze bonds and even worse, all associated interest income.

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 America. In Thailand, following months of speculative attacks against the Thai baht, which was closely pegged to the U.S. dollar, the Bank of Thailand allowed the baht to float in July 1997. This led to a loss of export competitiveness which required the devaluation. At the time it was a constitutional monarchy.

In Argentina, in what has been called the Tequila Banking Crisis, we saw the same thing. It was called such because it was set in place by what occurred in Mexico in December 1994. The problem with the Mexican banking system lead to an accelerated the restructuring of the banking sector in Argentina – namely the privatization of provincial banks, consolidation of private banks, and selective bank liquidations. Banks, (as we see here to day) had limited bank deposits and were unable to provide credit. Not to mention the ratio of broad money to GDP had been declining for decades which resulted in hyperinflation, and the problem being - was a large volume of nonperforming loans that increased the fiscal burden (just like mortgage backed securities here).

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.