Gold, Silver, & Economy
The Western economic commercial system exists to extract more from consumers than it supplies in products and services. Its goal is profit and has never been to improve the human condition but to exploit it. When governments institutionalize this system, they place their nations on suicidal paths, because as Jefferson recognized, "Merchants have no country." It is not terrorism that threatens the security of the Western World, it is the Western World's very commercial system.MORE HERE
"Just look at us. Everything is backwards; everything is upside down; Doctors destroy health, lawyers destroy justice, universities destroy knowledge, governments destroy freedom, the major media destroy information, and religions destroy spirituality!" --Michael Ellner
Ralph Nader: 'Attention Deficit Democracy'
This brief article reads like the clear perception of an enlightened sage looking at a sick, crumbling society, exposing the obvious corruption behind every exploitation fostered by the rampant greed of unregulated crony capitalism and economic rape. Read and be inspired LINK
The global economics situation is coming down to the question of whether the free market system has failed and can state run economies (China, Russia) do a better job for the corporate overlords, despite their tyranny. The article below does a good job of outlining how this collapse will occur AND the positive outcome on the other side.
The ongoing global financial war is reaching its final stages. Multiple sources report that a major breakthrough in the financial logjam is imminent. A delegation descended on Washington last week and read the riot act to the Washington D.C. establishment else the United States would be totally cut off from the world.
Moody's warns of unrest
Some like to avoid reading articles like this, thinking perhaps if they 'don't put attention on it' it will go away. Like that snake over in the corner. Yet, when the large institutions which run our planet (for better or for worse) make certain claims and predictions, it seems wise to at least be cognizant of it. Such is this article.
The Global Economic Crisis: Riots, Rebellion and Revolution
Moody's is a major Wall Street ratings agency which performs financial research and analysis on governments and commercial entities and ranks the credit-worthiness of borrowers. On March 15, Moody's warned that the US, the UK, Germany, France, and Spain "are all at risk of soaring debt costs and will have to implement austerity plans that threaten 'social cohesion'." Further, Moody's warned that such 'austerity' measures increase the potential for 'social unrest'.
As nations of the world are thrown into a debt crisis, the likes of which have never been seen before, harsh fiscal 'austerity' measures will be undertaken in a flawed attempt to service the debts. The result will be the elimination of the middle class. When the middle class is absorbed into the labour class - the lower class - and lose their social, political, and economic foundations, they will riot, rebel, and revolt.
Local Currency and Land Trust
A small but growing number of cash-strapped communities are printing their own money. Borrowing from a Depression-era idea, they are aiming to help consumers make ends meet and support struggling local business. The systems generally work like this: Businesses and individuals form a network to print currency. Shoppers buy it at a discount - say, 95 cents for $1 value - and spend the full value at stores that accept the currency. Workers with dwindling wages are paying for groceries, yoga classes and fuel with local currencies named Detroit Cheers, Ithaca Hours in New York, Plenty in North Carolina, BerkShares in Massachusetts, Oakies in Virginia.LOCAL CURRENCY LINK
SC may ban dollars
Legislation introduced earlier this month that would ban "the unconstitutional substitution of Federal Reserve Notes for silver and gold coin" in South Carolina. If the bill were to become law, South Carolina would no longer accept or use anything other than silver and gold coins as a form of payment for any debt, meaning paper money would be out in the Palmetto State.LINK
Another KEY solution that needs to be more widely known, understood and implemented are the Community Land Trust (CLT), a form of common land ownership
Move your Money
People all over the country are choosing to move their money out of bigger banks and into smaller, community-oriented financial institutions that generally avoided the reckless investments and schemes that helped cause the financial crisis. Move Your Money aims to change the practices of America's too-big-to-fail banks by encouraging account holders at those banks to withdraw their money and deposit it into smaller community banks or credit unions.
Editor "B' note: This is one of the BEST IDEAS ever. I personally moved all my business, savings and checking from Scant of America to a local regional credit union. If we all did this the 'Too Big to Fail' banks would get some well needed humilty. DO IT !! Join this movement of the People!
The Laugh Heard Round the World
The Laugh Heard Round the World: Chinese Laugh at Geithner's Reassurances on US Dollar and Economy "Chinese assets are very safe," Geithner said in response to a question after a speech at Peking ...
LINK to Laughter shame
The US as a failed State
The Super Rich are Laughing
Our priorities are skewed to the interests of rich organized interest groups at the expense of the vast majority of citizens. For example, war at all cost, which enriches the armaments industry takes precedence over the needs of American citizens. There is no money left to provide the uninsured with health care (like all the other civilized nations do for their citizens)
READ this amazing piece by Paul Craig Roberts, Former Asst Secretary of the US Treasury. (B note: this guy is a very credible insider and worth listening too; thanks Arnold!)
Another really excellent related piece worth reading:
As Goldman Gloats, What Does It Matter For Us?
Should we care about Goldman's profits and compensation?
Next Economic Bubbles
One year after America's brush with economic catastrophe, there's plenty of looking back at the bubbles that caused financial chaos. There are 10 dangerous economic bubbles forming on the horizon. As Alan Greenspan warned , "They [financial crises] are all different, but they have one fundamental source," he said. "That is the unquenchable capability of human beings when confronted with long periods of prosperity to presume that it will continue." THE 10 NEXT BUBBLES
Here is the latest:
(Wed Jul 8) SILVER declined and broke thru a major 'support level' at $13.00 today. This is a significant drop of $1 within the last 7 days and a $3 drop since a June high of $16. The last time Silver hit $12 (May 1) it made a quick significant jump of $2 within just one week (May 7) then climbed to $16.
Based on this information I would recommend NO BUY thru at least next week to see how the market settles out. As indicated above, $12 is the next support level and tends to cause a swift rebound reaction.
Various sources are indicating an artificial bull market to pump up the numbers and prop up the dollar but the currents underneath are ominous. For example, the numbers for last quarter showed a 18% growth of the money supply (M3) and a 6% decline of GDP - - that is a significant 24% spread. It means there is more money competing for fewer goods and service. That is the very definition of inflation which is inevitable. That means higher interest rates (mortgage rates have risen 1 point in 30 days) and higher prices for gold and silver, especially in light of the info below.
Bankster "Holiday" Planned for September?
by Kurt Nimmo
(06/22/09) Bob Chapman's influential International Forecaster is reporting on the possibility of a so-called "bank holiday" planned for late August or early September. According to Chapman's sources, U.S. embassies around the world are selling dollars and stockpiling money from respective countries where they operate.
"Some US embassies worldwide are being advised to purchase massive amounts of local currencies," writes Harry Schultz, "enough to last them a year." Schultz publishes the Harry Schultz Letter, a well respected international investment, financial, economic, and geopolitical newsletter named as "Newsletter of the Year" by Peter Brimelow of Market Watch in 2005 and 2008.
Schultz believes the global elite are in the process of engineering an FDR-style "bank holiday" of undetermined length in order to "sort-out the bank mess" and impose new bank rules.
On March 5, 1933, in the depths of the banker (Goldman Sachs) engineered "Great Depression," newly elected Franklin Roosevelt declared a "bank holiday" that forced banks closed for four days. Roosevelt then rammed the Emergency Banking Act through the legislature. Passed by Congress on March 9, the act granted FDR near dictatorial control over the dealings of banks. It also allowed the Secretary of the Treasury the power to compel every person and business in the country to relinquish their gold and accept paper currency
On March 10, Roosevelt issued Executive Order No. 6073, forbidding people from sending gold overseas and forbidding banks from paying out gold. A few weeks later, on April 5, Roosevelt issued Executive Order No. 6102 ordering Americans to deliver their gold and gold certificates to the Federal Reserve bank in exchange for paper fiat money.
In other words, FDR engaged in one of history's greatest rip-offs - that is until now. FDR not only ripped-off the American people, but foreigners holding dollars as well, thus ensuring the "Great Depression" would spread around the world like a bankster engineered contagion.
Founding Fathers on the Economy
Founding Fathers have spoken about Financial Crisis.
John Adams: "There are two ways to conquer and enslave a nation. One is by the sword. The other is by debt."
Thomas Jefferson: "I believe that banking institutions are more dangerous to our liberties than standing armies...The issuing power should be taken from the banks and restored to the Government, to whom it properly belongs."
Go to the link to read more quotes from wise historical figures. Reading their insights made me wonder, Are the powers that be deliberating trying to destroy the world economy? Regardless of speculation over intent, here is a powerful prediction from someone who knows - FED CHAIRMAN (before Greenspan) Paul Volcker - has said publicly there is a 75 per cent chance of the US dollar crashing in the next five years (said in 2006).
Washington's Blog Quotes
How much is a TRILLION?
All this talk about "stimulus packages" and "bailouts"...A billion dollars...A hundred billion dollars...Eight hundred billion dollars...One TRILLION dollars...
What does that look like? WOW !
VIEW A TRILLION
SILVER, MONEY, the ECONOMY
In case you haven't noticed, the Global Economy collapse is underway. While that fact has very little doubt among the experts, it is also true that a better economic reality may be emerging. Our old system built upon fear and scarcity no longer serves an awakening humanity. Since we are living day to day through it, there are some things to make it better. Your best hedge is precious metals. To buy sell or get more information go to this link : SILVER GOLD LINK