Thursday, Feb 18, 2010
Flashback - Reminder of the gravity of current events
Bullionvault: Feeling Queasy? "This phenomenal 'queasing' is greater by far than anything Weimar Germany tried"
This is an old article, but people. Recent acceleration of inflation is very concerning because of the base figures. The UK Government has printed, proportionately, double what tanked Weimar Republic. Make your preparations. Gold, silver, storable foods, a means to protect your family. And remember, when the bankers are in panic, they foment war. Iran is waiting in the wing, genocide could ensue if we don't expose this fraud and have a peaceful revolution, directing opposition to the real enemy, not at bogey men abroad, but towards the bankers who bankrolled both sides of all major wars for over a century now.
John Davison Rockefeller once said: "The way to make money is to buy when blood is running in the streets.
Posted by freemanphil @ 08:23 AM (615 views) Add Comment
9 Comments
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1. inbreda said...
"The way to make money is to buy when blood is running in the streets"
yes. thats what I was waiting for before I buy a house.
Not long now it would seem
2. freemanphil said...
Why is it good to buy when blood runs on the street? Because prices have collapsed, but the bankers still have power to print money because they got us fighting each other under Marxism, instead of us uniting to cull the power of the bankers. But, if we mobilize, we can stop them from buying up all our industry and property at the point when the deflationary depression occurs. The coming hyperinflation is a window for waking people up and mobilizing against the bankers.
3. mark wadsworth said...
FMP, it's all well and good railing against bankers, this seems to be quite popular at the moment, but they have a symbiotic or parasitic relationship with the Home-Owner-Ists.
The HOIsts want house prices to keep going up, so the government has to keep subsidising house prices by propping up banks and 'encouraging them to lend' so the bankers just cream off the difference between the rates they can charge and the subsidised rates they pay; and bankers obviously also have an interest in house prices going up and up because that way they can lend more and more money on the same old houses and not have to worry about negaitve equity and so on.
Given that there are tens of millions of Home-Owner-Ists and only hundreds of thousands of bankers, you ought to be trying to explain to the Home-Owner-Ists why their economic philisophy is doomed to dailr (i.e. terrible boom-bust cycles) - the bonus being, that sorting out Home-Owner-Ism* would, by happy coincidence, also cut the banks down to size.
* i.e. liberalising planning laws, replacing as many taxes as possible with Land Value Tax, putting a swift end to bank bail-outs etc etc.
4. freemanphil said...
Absolutely Mark. This is the problem with democracy. The majority have been allowed to commit fraud and trample on the minority, or, the silent majority. But we need common law protections that transcend the mob rule of democratic despotism.
p.s. I don't dislike banks, I just am against the top bankers who perpetrate the fraud that is fractional reserve banking. Banks have become money producers, if they were real banks, they would only lend what they have on deposit. We haven't had a real bank in this Country for over 100 yrs.
5. tom101 said...
As if you wouldn't take the cash given the chance
Bankers, politicians, people on this site gloating about the gold they've bought etc
Same all over, WE are all trying to get ahead.
6. freemanphil said...
Goodness Tom, nobody here is gloating. We want to warn other people so that this country doesn't go down in flames. You ever heard of Patriotism? Cynic.
7. hpwatcher said...
Absolutely Mark. This is the problem with democracy. The majority have been allowed to commit fraud and trample on the minority, or, the silent majority. But we need common law protections that transcend the mob rule of democratic despotism.
p.s. I don't dislike banks, I just am against the top bankers who perpetrate the fraud that is fractional reserve banking. Banks have become money producers, if they were real banks, they would only lend what they have on deposit. We haven't had a real bank in this Country for over 100 yrs.
The problem is only partly with the banks, it's also the loose and irresponsible monetary policy of Government and BOE - with interest rates being too low for too long.
8. mark wadsworth said...
HPW 7, sure, interest rates was too low etc, but this was driven purely by Home-Owner-Ism.
9. icarus said...
FMF - The problem didn't arise from commercial banks with high loan-to-deposit ratios. It arose from investment banks on Wall Street, who found ways to increase leverage, especially thro' the shadow banking system and OTC derivatives, use wholesale money market / institutional funds, inflate bubbles and deal themselves aces while all this was going on. They also created the too-complex-to-fail, need-a-bailout situation. Medium-sized banks that relied on insured deposits to provide traditional banking services (obviously there are more of these in the US) suffered collateral damage from the undertow from the bursting of the housing bubble.