YOU PEOPLE DONT GET IT! THIS DOWNGRADE IS THE END OF THE WORLD! HERES WHY:

No, it's "GLP LOL".
Most of us went to college and looked at his weird art.
I'm tempted to start misspelling everything just so some people will hopefully learn to get over it and look at the merits of the message.

In the 1930's there was no DEBT problem.....nor an Obama administration making things worse than they already were.

Michelle Backman wants Geithner's head on a stick. She might get it.

Where do the Teaparty stand on sellling the works of art in the Met?

Few trillion there.

When Oliver Cromwell took over he sold all the art works that King James I had collected. They are all over europe now.

Somehow I don't think the Teaparties are into Vincent van Gogh.

Excerpts from: [link to krugman.blogs.nytimes.com]

What gold?

As for Salvador Dali ... Pfft!

I'll give you a couple of quid for that Botticelli with the angel and Mary bowing to each other.

LOL

They cannot do that son------ you must understand how this works

First off- there is not enough Gold on this Planet to account for all the BS money they printed.

They have to devalue first.

Secondly-- your dark rulers would never go for this option. They will either do a global debt forgiveness program revaluation, followed by new currencies based on 25% gold, or more likely---- WAR

Petrol dollars anyone?

Warning: Wall of words.... if youre too lazy to read, then I would expect you wouldnt even bother reading this thread to begin with, so I do not intend to be brief.
For those who have actual concern for this matter, as all should since our very lives depend on it, I will assume reading something more dense than a two or three sentence response will not be an issue.




I didnt read all the previous pages, just roughly the first three or four, so pardon me if any of this has already been mentioned.

What is taking place, and has been taking place for sometime now, has many angles. It is not simply black and white.

Before I begin let me say, I do believe that the fiat system needs to be reset. I also believe that the perceived "free market" capitalism, is something you and I have never even witnessed because we have actually been living in more of a twisted socialist capitalism for many many decades.

I believe the economic infrastructure is the fundamental root cause of most ills in our society (on a global scale) and I also know that despite the fact it should (and must by its very nature) fail, I am no fan of the suffering it will cause so many people. I do not relish the thought of anyone, let alone millions of people, suffering with fear, anxiety, homelessness, hunger or death.

However, the very nature of this faux capitalist ideology has been causing all of the above, on a world wide scale, for many many years.

As westerner's we have, for the most part, been the benefactors of this phenomenon. I will not bother arguing the point. It's a plain simple fact. The math doesn't lie and there is no need for debate on that fact.

Ok, now with that said, let's look at the entire picture, from as many angles as possible. The good, the bad and the ugly (not necessarily in that order).

There are certain things we know, others we can assume and many that we can expect. Further there are many aspects to consider as the average citizen has no idea how this system functions even at the bare bones. There is a reason for this, if they did, they would be out in the streets with pitch forks. However, the knowledge is there if one looks for it so no excuses, imho, for joe six pack not understanding how the dollar is created and functions. Hell his very life depends on it. There is only one issue greater than the monetary system, one's spiritual health, since one is sure to deal with his spirit sooner rather than later without the money to ensure the very basic necessities of life.


Ok

Let's take the the things we know first (bare with me here, as we all now this. it's just a recap).

- There is no money. There is only debt in the current system. Every dollar in circulation, rather than being an asset, is actually debt. A Federal Reserve Note is simply an IOU slip representing a future payment that is owed to the Federal Reserve by the American tax payers.

- The Federal Reserve did not have the wealth to begin with, nor did the Government. Neither contribute anything to society. Both groups are nothing more than parasites sucking the life blood of the working citizen. Neither of them make money, have money or know how to manage money. But they sure as hell know how to steal it and squander it by the boat load.

- Since all "money" is fiat, it is simply made up. They simply pull the crap right out of thin air. It's fraud, plain and simple. If you or I did this, we would be under the jail house for felony crimes.

- Where we find ourselves today (economic crisis) is no accident. This is a contrived event that has been enacted for the sole purpose of these criminals to steal yet more power and wealth from the citizens.

-We have already been robbed over and over again in mob like fashion. The pricks even go as far as to rob from the dead and the unborn via estate taxes and stealing the labor rights from future generations so they can continue watching the numbers on their bank statements grow. Most could never possibly spend the money they have now even if they bought 10 Bentley's and a mansion every day for the rest of their lives.

-They actually threaten our lives demanding our money and our future generations money. It is worse than being held up and gun point. This is exactly what Paulson did in 2008 when he stood in front of us and demanded 700 billion (and much more), or the entire system would crumble within hours. That is a real threat against your life. Without water, food and shelter, people die and in the current system...no money means no survival.
Just recently we experienced this same tactic used against us again but with a twist..... threaten grandma that she will not receive HER social security money if they didnt get their debt ceiling ( credit limit ) raised.
The above examples are real threats against another's life. They didnt ask for money, they demanded it. "We will get what we want.....your life depends on our demands being met"

-The national debt can never be paid off in the current economic system. It is not intended to be paid off. Any A hole on the tevee who uses paying off the national debt (without making the current banking system illegal) is simply blowing smoke up our asses as he/she lies through their teeth, or they are simple IDIOTS who dont know how the monetary system works.

-We could pay off all debts tomorrow if we wanted to. There is no reason we should even be discussing national debt. All sovereign nations have the ability to print their own money, without interest, and with out a centralized bank. They can print as much as they want and pay the debts in interest free government notes/bills/bonds...whatever. There is absolutely no reason we can not do this tomorrow, if the government actually wished to get us out of this crisis. We have printed our own interest free money in this country before and we could easily do it again.

-Most countries in the EU no longer have this option, as they gave up their sovereignty when they joined the EU and handed over their power to print their own money. However, just as the US government gave up their sovereignty to the "Federal Reserve" Bank ( i.e. private bank corp with no reserves), that power can be taken back with a stroke of a pen by outlawing the banks and revoking their charter immediately. It's as simple as that. I am rather certain that the no governments would have a backlash from the citizens for doing so. In fact, it might be the first time in eons that the citizens would rally behind those in office.


But that's not likely to happen, unfortunately, and this is why.....



[The assumptions (or my take on the situation)]

- Those in power (political power, monetary power etc), set the stage long time ago. To begin with, the entire foundation of the economic system is flawed. Perpetual growth ( perpetual consumption ) is an illogical structure to operate on when confined within a finite system of resources and a ever increasing population (another infinite factor that is required which is so mind boggling stupid it makes my head spin).

-Knowing that the system is born to fail, measures are taken to ensure every drop of blood is drained before the inevitable dried up husk finally drops dead

-The rally cry for a gold back standard is a set up and the propaganda machine has been working overtime for the last decade setting the stage for this.

-This strategy is aimed at two things.....power grab and wealth fleecing. Same game, different day.

- The fact that there is not enough real gold to back the debt is a non-issue since gold paper currency is also currently in fiat and fractional reserve practices. There is at the very least 100 claims to every once of gold in paper circulation. I suspect the ratio is actually on a much grander scale. (The 100:1 is stated fact per the Comex, btw. I only listed this under the assumptions due to my speculation that the number is far greater and because it emphasizes my point above; the elite care not about a standard having any real standards and besides they hold the majority of the physical gold. Yes, some people (perhaps even many) have converted paper into physical gold over the past several years but any profit (or wealth preservation) that the average citizen is able to obtain from doing so will be nothing compared to the wealth that the truly wealthy will be pilfering if a gold back standard is achieved.

-This is going to be the largest power and wealth siege that written history has ever witnessed and the people will beg for it. The programming has already been firmly put into place.


Lastly the monetary reality that most average Americans simple have no clue about but allows us to know what to anticipate awaits us as turn the corner ahead:

-The basics of how money (debt) is created. *See above

-Who and what is actually behind the "money" in the United States (as well as the entire (save China) industrialized world. It's not the government.

- That the centralized banking system is a trap system that once in place you can never get free from until you rid yourself of the central banking system.
Case in point. The Federal Reserve has a monopoly in the US when it comes to being able to create currency and create it is exactly what they do. The government has no money; they do not create any money. They simply have the ability to get credit (debt) issued from the Federal Reserve because they have the citizens as collateral via taxation.
So let's say the .gov says they wish to have $100,000 issued in currency so that it can be used in society for people to exchange goods and services. The .gov requests a loan from the Federal Reserve. The loan is approved due to the collateral (you and me) that they have at their disposal (ie the .gov has claimed us and the unborn generation as their property....wage slavery).
So the loan is approved. The IOU is the loan contract. It is issued AT INTEREST in the form of a Treasury Note or Bond.
So let's assume the $100,000 is a 10 yr bond issued at 3% interest.
And simply for the ease of argument, let's assume the interest is due at the end of the term rather than annually (in reality it doesnt matter when it's due, it is the simple fact that interest is due that is the clincher).
So and the end of 10 years, the $100,000 is due pack (bond matured) but so is the interest. It is not $100,000 that is due on maturity but $103,000
And there in lies your trap. Where did the $3k come from?

I use the example to explain the simplicity of the monetary scam nearly everyday. It takes a mere 3 to 4 minutes to explain.

Its not complicated. It doesn't take an economist to figure it out.

Almost every time the person on the other side of the table understands they have been scammed immediately but it is not until they give the wrong answer that they really see how severe the scam truly is.

They almost always say, after a long pause and a slight hesitation..."you and me"?

Seems logical on the surface, I guess. But you and I can not create $3,000 in money, that would be fraud. We can create 3k in wealth via our labor but wealth is not money, debt is money. The 3k has to be monetized. In other words, 3k in currency has to be brought into the system in order for a $103,000 bill to be paid. And since the Federal Reserve is the only organization that can create money (debt), the 3k must be borrowed from the fed, AT INTEREST, in order for the bill to be paid. It's a trap system. There is no way out once you are in until you kill the parasite that has attached itself to your life blood.

It's a simplistic example and of course can be discussed in much greater detail with many technical aspects being raised but the above the bare bones of our enslavement to this leech and it's easy to explain to anyone in a few minutes how deep the parasite has embedded itself.

So we can expect nothing less than a body of people, who represent an organization, will go to any lengths to deceive, rape, rob and enslave any man, woman or child (living or yet to be born) merely for their own self interests. People who operate in these circles and do so without remorse, without compassion or empathy for their fellow man is capable of anything. ANYTHING. Expect the worst. We are dealing with the most vile and wicked creatures that roam the planet.


- A short browsing of the Con Gress representative's income, life style and growing net worth will unveil absolutely no evidence that any of the fat corporate paid suckubus' desire any change.
The system is not broken. It's working very well for them. None of them want change. Why change. They have it made. It's all political talk (poor art/ bad entertainment) and keep the money coming. Daddy wants a new pair of $3,000 loafers for his Bentley.

-The are not two parities. There is one party and the dime is on "suckers" who actually work for a living and give us "money for nothing and chicks for free". Drinks on the house! Joe Six pack and his off spring will pay the tab....for eternity.

-Money has no emotions. It has no moral code. It has but one rule under the current structure.....it most continue to grow...indefinitely, despite anything that stands in it's way such as morals or even logic itself. The repercussions of not abiding this one and only law is death. The current structure demands the infinite growth model or it perishes. It is that simple.

So expect NO CHANGE in the the matters of enslavement, control, manipulation, propaganda, theft, lies, fear mongering or our decreasing standards of living until the entire monetary system is torn down and it's entire foundation is destroyed and rebuilt a new, without the use of interest debt and the illogical concept of perpetual growth.

Gold will not save the world economy, silver will not nor will an infinite amount of bail outs from now until eternity.

We only have one way out of this and it's to destroy the parasite and do everything in our power to ensure it isnt allowed to infest us again in some other evolved mutated form.

It's that simple.

There is much more that could be said on this subject but the above is enough for now. It's the lynch pin and until the above is recognized and understood, nothing will change except the characters and the manner in which the fraud is implemented..... nationally, globally... it matters not. Same shit, different day.



BTW: no edit on this rant so please excuse any typos / spelling errors.

Last Edited by Sammie on 08/06/2011 08:24 AM

The US has defaulted (what else would you call "the deal") and S&P is offering a downgrade.

That's really ... pricking the balloon. The pop has been volcanic. VEI 8

Bye Bye Geithner and his biddy Bernanke. Its going to be a bloodbath in the deficit house as Obama finds scapegoats.

Mezicn pessos!

well said sammie..tyranny seems the only answer.

The only thing that's gonna happen out of this is that the ratings agencies will lose all credibility.

You will see real politics in action this week.

You are abusing intravenous drugs, don't you?

weapons

Please tell the Obama Administration and all the Dems that you can not SPEND SPEND SPEND on all your SPEICAIL INTEREST Programs WE ARE BROKE.

The Republicans tried to take the Credit Cards away... so now the Rating Industries will.

Good Luck with that CHANGE you can BLAME BUSH for ... he hasn't been around for 2.5 years.

These bucks stops at Presidents Obamas Feet and his new 1 Trillion Health Insurance SpendingSpree and the Stimulis bill that did nothing.

REALITY CHECK: In case you dont't knos...

$114.9 Trillion dollars is the amount of money the U.S. Government knows it does not have to fully fund the Medicare, Medicare Prescription Drug Program, Social Security, Military and civil servant pensions. It is the money USA knows it will not have to pay all its bills.

Source: Federal ReserveUSdebtclock.org

I don't know how the Democrats blame Bush for wars when they voted for it.

How much did those 162 cruise missiles cost that Obama lobbed at Lybia?

Nobody voted for that.

Mr Man of Peace did that all by himself.

When is 10 am HI time.

[link to www.orlytaitzesq.com]

Obama's head on the block.

The Age of Money is dying a painful death. What next?

interesting and accurate.
this is true, but its not necessarily the end of the world.
the dollar wasnt always the reserve currency.
it used to be the british pound for a long while. it lasted 5 times more then the dollar (for about 200 years).
yes when it happened ppl were f*ckd, specialy the british ppl, of course. but the world went on.
so in my opinion we are in for a tough ride. but not the end per say.

cheers and all the best.
thanks for the nice thread!

Actually no, I'm not.

You see the rating drop and you panic. You fail to realize that you're talking about investors--not small backwoods hicks but people that have a tremendous amount to lose. They will kill you for a million bux.... you think they are sitting back and losing billions and just saying...oh well!

You also fail to give enough weight to other countries. In short, for years countries have looked up to America and although they don't like a lot of policies they ultimately try to imitate it. Name a country that doesn't have any ties to the dollar.


If all the major countries are getting downgraded, then whats the rating worth?? You think Europe is going to make a huge comeback in the next year? You think Russia has anything to add? How about the famous China who owns the most debt but still hasn't made a major move away from the dollar?


So now you have high unemployment and people are already retrenching with their personal savings. So when people in Europe and the USA tighten their belts and stop buying things you think China is going to sell all that shit to Africa. Think again.

When all the major countries are in trouble then the bar is changed and the rating agencies can go pound sand. If nobody's a good bet then whats the difference if you are a yr or five years behind on your rent? It just doesn't matter.

What does matter is that people realize that the major investors are ALL in too deep. They have their backs against the wall and they will act accordingly.

And for you assholes who are yelling "great, let it collapse" ---when your Mommy takes away your computer because you cant afford it, what will you do with your time? You better realize how good you have it you fucktards.

Your example is valid even though your spelling sucks.

JSG Boggs is alive and well and living in south California. He draws pictures of the local currency but modified somewhat in his own style. He always draws a denomination larger than the bill and then insists on getting change.

The knowledgeable collector will pay full price for the artwork by Boggs and ask for the bill plus the receipt. The three items together make up a full transaction record which consists of the whole collection of that creation.

But federal reserve notes are not going to be collected much longer...

The mantra of Europeans is, 'stupid Americans'. Until some boogey man threatens you (Hitler, Stalin, Bin Laden) then you all belly up to the American bar and demand a drink.

Show me a European White male that isn't a pussy.

Oh and by the way, your women are always so generous in thanking us. Good ole Uncle Pierre his daddy was a member of the 101st that granny was showing her gratitude to. A

Politics are the tool of a primitive culture. Obviously, we need to do better, if we're going to survive another century. Maybe the coming tribulation - and it IS coming - will wake up the sleeping giant inside each of us. All this hateful sniping and accusing, always looking at the other guy as the problem...all this must stop if we are to advance. Who's brave enough to overcome himself?

44 Presidents... 43 white, no downgrade. 1 black, economy goes to absolute HELL.

What does that teach you, boys and girls?

Buy a Cadillac, a giant color TV, and drink Malt Liquor... while your food stamps are all spent by the first week of the month...

Fucking coons.

There u go, didn't you read Sammie's post above? There are no 2 party systems here, it is one and one only. You fund it pal.