Ted <tedorn44@[EMAIL PROTECTED]
> wrote:
>On Mar 16, 9:42 am, "Michael Laudahn eOpposition"
> <ch805...@[EMAIL PROTECTED]
> wrote:
>> And you thought that I had a gloomy outlook on the economy. Now the
>> bad news pops up everywhere.
>>
>> Harry Koza in the Globe and Mail quotes Bernard Connelly, the global
>> strategist at Banque AIG in London, who claims that the likelihood
>> of a Great Depression is growing by the day.
>>
>> Martin Wolf, celebrated columnist of the U.K.-based Financial Times,
>> cites Dr. Nouriel Roubini of the New York University's Stern School of
>> Business, who, in 12 steps, outlines how the losses of the American
>> financial system will grow to more than $1 trillion - that's one
>> million times $1 million. That amount is equal to all the assets of
>> all American banks.
>>
>> Every day now, thousands of people all over the U.S. and Great Britain
>> are walking away from their homes - simply mailing their house keys to
>> the banks - as housing bailout plans fail. With unemployment growing,
>> the next phase will hit commercial real estate making the financial
>> institutions the unwilling owners not only of quickly depreciating
>> houses, but also of empty strip malls and even larger shopping centres.
>>
>> The next domino to fall will be credit card defaults, and after
>> that... who knows? There are so many exotic funds out there, with
>> trillions of dollars in paper - or rather computer-screen money -
>> all carrying assorted acronyms, and all about to disintegrate into
>> nothingness. Over the next couple of years, scores of banks that have
>> thrived on these devices, based on quickly disappearing equities,
>> will fail.
>>
>> The most frightening forecast so far comes from the Global Europe
>> Anticipation Bulletin (GEAB), available for 200 euros - about $300 -
>> for 16 issues annually. Its prediction is quite specific. Where my
>> warnings never spelled out an exact date, this think tank has it
>> pegged precisely. Here are its very words:
>>
>> "The end of the third quarter of 2008 (thus late September, a mere
>> seven months from now) will be marked by a new tipping point in the
>> unfolding of the global systemic crisis.
>>
>> "At that time indeed, the ***ulated impact of the various sequences
>> of the crisis will reach its maximum strength and affect decisively
>> the very heart of the systems concerned, on the front line of which
>> (is) the United States, epicentre of the current crisis.
>>
>> "In the United States, this new tipping point will translate into -
>> get this - a collapse of the real economy, (the) final socio-economic
>> stage of the serial bursting of the housing and financial bubbles and
>> of the pursuance of the U.S. dollar fall. The collapse of U.S. real
>> economy means
>>
>> the virtual freeze of the American economic machinery: private and
>> public bankruptcies in large numbers, companies and public services
>> closing down. "
>>
>> The re****t goes on to say that we are entering a period for which
>> there is
>>
>> no historic precedent. Any comparisons with previous situations in
>> our modern economy are invalid.
>>
>> We are not experiencing a "remake" of the 1929 crisis nor a repetition
>> of the 1970s oil crises or 1987 stock market crisis.
>>
>> What we will have, instead, is truly a global momentous threat - a
>> true turning point affecting the entire planet and questioning the
>> very foundations of the international system upon which the world
>> was organized in the last decades.
>>
>> The re****t emphasizes that it is, first and foremost, in the United
>> States where this historic happening is taking an unprecedented shape
>> (the authors call it "Very Great U.S. Depression").
>>
>> It continues to predict that, although this crucial event is global,
>> it will be the beginning of an economic 'decoupling' between the
>> U.S. and the rest of the world. However, non 'decoupled' economies
>> will be dragged down the U.S. negative spiral.
>>
>> Concerning stock markets, the GEAB anticipates that international
>> stocks would plummet by 40 to 80 per cent depending where in the world
>> they are located, all affected in the course of the year 2008 by the
>> collapse of the real economy in the U.S. by the end of summer.
>>
>> The European authors of this re****t - it appears simultaneously
>> in French, German and English - state that they simply and without
>> prejudice try to describe in advance the consequences of the ominous
>> trends at play in this 21st-century world, and to share these with
>> their readers, so that they can take the proper means to protect
>> themselves from the most negative effects
>>
>> So there you have it. Three re****ts from three different sources,
>> all well regarded, and all pointing to a disastrous fall-out from
>> our monetary moves.
>>
>> http://www.intelligencer.ca/ArticleDisplay.aspx?e=3D918803
>>
>> 'Freedom of speech - use it or lose it.'
These problems can be solved. When you take away all the ideas:
society consists of humans in certain places and objects in certain
places. As long as that reality is not in too much trouble it is
(in a sense) an act of theory to fix the theory-part that has gone
wrong. When the theory-part which includes money has gone wrong, you
could quickly wipe away that theory-part, the non-physical agreements
like who owns what and who has what money and who has debt where,
and replace that with something new that works immediately, before
the underlying reality has had time to disintegrate "in reality"
from the problems in the theoretical agreement part of society.
Example: a factory somewhere is reality. Who owns it is an agreement,
that is not physical like an object with independent power. If that
factory is owned by a bad person who does no maintenance, that you
could call the theoretical part has gone wrong. Leaving it that way
will eventually degrade the factory, at which point solving it becomes
harder you have to rebuild in physical reality instead. What could have
been done is quickly remove and replace who owns the factory, replacing
it with someone who maintains the works. Because the switch is quick
the actual factory does not disintegrate in the mean time. If the switch
takes decades, the factory is also being lost.
How does that translate to the global economy: what has gone wrong is
1. a bad money system (banks gamble with other people's money and
are trying to suck out money for themselves without actually working),
2. a stock exchange where company owner****p is being traded, 3. the
owner****p of natural resources is also being traded. This has lead
to all the economic problems which are the natural result of how the
economy is set up.
Example: a dictator wants as many serfs, because many hands make large
profits: the more serfs the more money. A pressure to have bigger and
bigger companies. The least the serfs make in income the richer and more
powerful the dictator is. A pressure to reduce wages and replace
factories to areas where serfs work for less and less. An investor wants
a cut out of the profits made by a company, the larger the profits the
larger the potential return on investment. A pressure to have bigger
and bigger companies that pay serfs less and less. And a pressure to
put dictatorial people in power over businesses in order to be able
to extract the profits without the serfs having a voice in where
profits go.
What have we seen in the latest centuries in the economy: bigger and
bigger companies, they move where the serfs are cheap. More and more
corrupting Government, because when bad stimulates bad to power, bad
people come to power, who do bad things like lying.
Eventually this can lead to a dangerous situation: all the businesses
in a region have moved their productive capacity away to where the
serfs are cheap (third world, China, India, etc), while the owner****p
and investors in these businesses remain in the original area becoming
wealthy without working. By the time that happens a country can become
a house of cards. If the owner****p lines between companies and investor
class snap the region would have no source of income. Its income before
came from extracting profits from oversees serf farms, in the currency
of that farm, and then these profits buy the products of the oversees
serf farms. The local labor in the investor-rich area could then get
a hand out (bread and games, like with the roman empire), so that they
will not revolt because there is no work or income. This hand-out
further helps to destabilize the area that has lost its industry,
because it depends on the owner****p ties as well.
In theory a country could hollow itself out to such an extend that
once the profits income plug snaps, the area could fall all the way
down to the stone age: zero industry left. Start mining with your
bare hands, relearning skills, bringing back the country from scratch.
This has been what our ruling elites have been up to lately: hollowing
out Europe and the USA, making themselves profits from cheap overseas
serfs, neatly held under control by helped out dictator****ps.
There is also a social goal here: the population of Europe is quite
able to launch social pressure. With the hand out on the one hand to
reduce social pressure, while hollowing out the real industrial base
to areas with more willing/forced serfs, the rich elites are in a
position to abandon the European and North American areas altogether.
When our economies implode for lack of structure, when the elites
break down the hand-out when the factories are already lost to us,
they are in a position to break 3rd world conditions lose on Europe
and North America, thus breaking down social resistance to bad labor
conditions. If there is sufficient misery in USA and Europe, it may
then be possible to launch something like Hitler again, and at that
point the serfs in Europe and USA would again become cheap. Then
profitability of serf farms in Europe/UsA goes up and industry can
come back under conditions that the finance class would like better.
In the mean time the elites have great op****tunities to murder all
progressive people, like the Nazis did who murdered the communist
rank & file where they could.
I guess schemes like this is where the most long term strategic
money is. If this is played out then the profits would be high on
that money. Simply a game of playing the more willing or repressed
serfs against the more resisting serfs. What did big cor****ations
do during WW2 ? Exploit slave labor, it is the best investment money
can buy: production cost are low. (Alex Jones has made a film about
these subjects: ENDGAME, I thought it was pretty good and probably
accurate, it is in 14 parts on youtube - watch it).
If that is the grand theater of war between the serfs and the money
gamblers, a crash of the USA would fit nicely into this: hollow out
country, dumb/crash/crush it down, make serfs cheap and kill whom
resists a cheap serf state, and then potentially repopulate the USA
with profitable industry. We would then potentially be at the point
where USA has been hollowed out significantly. Note that the hollowing
out of a country is not an artificially engineered process in principle:
it is an autonomous process that happens because of where the money
is most profitable. That is where money goes, that is where factories
are build, and then a country is hollowed out, and then it potentially
crashes.
What to do about it: solve the problem that caused all this: asking
rent on loans, for profit investment, close it down. Pass laws that
only people who want good goals are allowed to make investments in
businesses. Then you need to set up a money system that works like
clockwork: a pure exchange currency in the hands of a competitive service
industry that is not allowed or able to lend the money (numbers) in
its care out for profit. Offering bank account services would be just
another service industry, audited so that it can not and does not make
speculative loans anymore. To achieve that you probably have to start
with a brand new currency, thus zapping away the old wealth imbalances:
"theory" that has gone wrong.
Then look at the industry still standing. At what can still be
produced: that gives the standard of living that the country can
afford for itself and expectations have to reflect that. If the USA
has no surplus in manufacturing because all labor is needed to build
local demand, then that means no french wines will be flown in,
no computer parts from China, etc. As long as you can eat, have a
home, clothes, it won't be a bad life. After some time, now under
a law system that disallows private finance the money does no longer
go where it is most profitable for the private investor, but where
it is most useful, decided per state democratic protocol. Then
moving factories to cheap serf areas will not be a chosen course of
action, and business dictators will not receive preferred banking.
Then the country will not hollow itself out, will not collapse,
will not generate the extreme wealth differences and the eternal
labor/elite power struggle. You can then also solve the resource
owner****p problem and start distributing resources, and also fix
the company owner****p "theory" problem that has gone wrong (too
many business dictator****ps, companies are way too large), which
would put in the final nails in a coherent stable economy model.
One of the things to worry about while doing this is: what will the
rich investors be doing in the mean time, what will they do when
their money has been zapped and they are faced with the prospect of
finding a really productive job ?
By the way, the hollowing-out of the USA has perhaps been worsened
because the dollar has been used/enforced as the world-wide oil
currency, allowing the USA to effectively become the printer of money
for a vast global dollar economy. This heightened demand for the dollar
means that the USA can get rich for doing nothing, which can cause
more room for hollowing out the industrial base. There are still a lot
of factories standing in the USA, clearly there is no reason that the
USA should fall back to the middle ages. With sufficient coordination,
knowing that now it will be better because there are better laws, USA
could bounce back in no time from any actual hollowing out of industry
that might have occured. People who have been in the elite leisure
cl***** will need to learn working. Not hard labor but a fair bit
of work for a fair share of products/services. In the end they would
probably be better for it, and should even experience an increase in
the quality of life (there is nothing wrong with honest work, it should
be satisfying, especially when not under exploitation conditions.)
http://www.jhwh.be/~joshb/aksie/newretailbanking.txt
(simple money system)
The followin schemes lead to the implementation of above mentioned laws,
in order of roughness:
http://www.jhwh.be/fund/een
(sweet individualized and non-intrusive)
http://www.jhwh.be/party/nl/david-we
(the political process)
http://www.jhwh.be/~joshb/revolution.html#revolution.lite
(top-down)
http://www.jhwh.be/~joshb/revolution.html
(complete strike-based
revolution)
http://www.jhwh.be/~joshb/aksie/virtual-reboot-sim.txt
(scenario)
--
_ _ /_\ _ _ http://www.jhwh.be
sign petition for Democratic
\ /v`vvv\ / Authorities Ventures Investments Demarcations
/_\_#_#_/_\ constitution today: http://www.jhwh.be/petition
\ / #144 http://www.xs4all.nl/~joshb/no-id-theft.html
|
