The economic problem is this: Updated last page 10

Most of your statement is logical to me except for the part where countries will go into depression because they are trading in things in which they have no local backup?

Think of the local backup in the thing that is traded as a
buffer that smooths out the shocks and bumps in a world trade pattern.

The local backup buffer prevents depression meltdown by
preventing wild swings in market activity.

Take ENRON as a historical lesson.

Because alternating current electricity can not be effectively stored
in any meaningful amount (it must be used when made)
there is no way to do futures trading in it.
ENRON was a fraud from day one of its formation
and yet it ran for more than a decade.

Can you trade on a empty grain silo? Of course not.

So the world is hooked up to a very dangerous kind
of production and consumption model known as just in time delivery.

Once the just in time delivery system completely stops
it will be very very very hard to re-start it.

This is why the depression will be world-wide.

people living beyond their means..but this is by design(live now, pay later).
There was no credit cards during the great depression, though i've read of people buying stock on "credit" and hoping it'll go up continually(sound familiar??)..didn't happen.

True "wealth" comes from the earth.., be it a precious metal, food, timber, etc. Shuffling paper and not producing anything of value is the true root of our problems. There are some folks that are in for a rude awakening.

you mean K-Swiss?

The Russian economist Nikolai Kondratiev was the first to bring these observations international attention in his book The Major Economic Cycles (1925) alongside other works written in the same decade.

[link to en.wikipedia.org]

edited:
An extract from the above link...
a very long read ....

The current cycle most likely peaked in 1999 with a possible winter phase beginning in late 2008. The Austrian-school economists point out that extreme price inflation in the absence of economic growth is a form of capital destruction, allowing either stagflation (as in the 1970s and much of the 2000s during the gold and oil price run-ups) or deflation (as in the 1930s and possibly following the crash in commodity prices beginning in 2008) to represent a recession or depression phase of the Kondratieff theory.


WINTER PHASE BEGINNING IN LATE 2008....
which is where we are today.

just in time is definitely going to be very damaging.

it is interesting that a year ago CNBC was extolling the virtue of just in time and how the US companies were so efficient it wasn't going to result in huge layoffs like in other slow downs. guess what? they were right! we're going to go straight to shut downs.

it is not pretty and i cannot see anything that will save the US, aside from a war.

The problem is of such a nature that a war... a real big war would not do anything to fix the problem.
It would make it worse.

We've all had enough of this "economy thing".

Lets all just close up shop and go home and watch our new bigscreen.

No need for a new car or to buy gas or to pay taxes or go to work on government jobs (since they didn't collect the taxes to pay us) or to go on vacation or to the bank or borrow money.

Yeah we are done borrowing money, since we already have scads of money borrowed. No need to pay it back, its all spent anyway.

We have plenty of houses, boats, cars, computers, cloths, books, radios, TVs, phones, gps's, guns, shoes, pocketbooks, carpets, furnature, tools, ladders, pressure washers, saws and drills, tractors, lawn mowers, 4 wheelers, motorcycles, and camping trailers. Just about everthing actually.

Thankyou. Its been nice doing business with you. We'll be going home now to watch The Bigscreen.

Don't forget to put out the lites and lock up!

The only good to come of all this is shrinking government. Tax revenue is going way down at all levels.

Is this the end of money?

Already a well known fact for those who read and use common sense.

Indeed. This is WHY the NWO is such a horrific idea -- it is counter-evolutionary. It is "all eggs in one basket" and is we-all-hang.

Absolutely STUNNING LACK OF FORESIGHT and massive denial of the reality of evolution's value all around us.

NOW we are consigned to extinction.

Thanks, you NWO bastards; you, too, are going extinct.

This link
[link to www.kwaves.com]

should at least help you to understand why the depression
can not be stopped.

The world economy is deteriorating more quickly than
leading economists predicted only weeks ago, with
Britain yesterday becoming the latest nation to
surprise analysts with the depth of its economic pain

[link to www.washingtonpost.com]


I'm thinking about the following sentence in the article:

"In fact, the only sector to show growth in Britain was agriculture, which accounts for about 1 percent of the overall economy."

The slight increase in agriculture could be a early lead indicator that
a segment of the population may be preparing for even worse times.
The segment population may be preparing for depression era food growing.
Buying Home Garden supplies, seeds, plant starters, and such.
It does not say that in the article but maybe a little internet research
could see if it is so.

Anybody have a link to the latest stim package?

I hear it is over 600 plus pages in length.

I would like to read it just to see how bad it is going to be.

k waves have been said to be the lenght of a healty mans life span. this last k wave has been lengthened by manipulations. there has always been manipulation but not to this extent. i think the thing that is silently being destroyed is the supply chain logistics. our wonderful nwo leaders have made the supply chain global so that they could have it snafu all at once across the planet. certain chinese products for instanc, are now scarce. i was buying a freezer the other day and it took me 5 appliance stores to find one actually in stock!

Interesting, would be interested to see if solar and galactic cycles show any correlation.

This GLP thread starts with a link:

Thread: Stimulus Plan Summary Breakdown

Looks nasty -- lots of construction pork for the mob. Mostly research and databases to improve health care... Not enthused!

Arch Crawford is a stock market analyst who uses astrological charts. He gets totally laughed at when interviewed, but, strangely enough, he is actually somewhat accurate.

My comments? "K-wave super resonance" you are making this crap up!

With all due respect to your comment ...

No, I am not making this up.

There is a K-wave super resonance.

The date of syncro-lock has been known for a while now.
The wave is growing stronger by the minute.
Any stim package acts as a a fuel to it.
Zimbabwe dollars for all the world.

“We arrived at this point due to an era of profound irresponsibility that stretched from corporate boardrooms to the halls of power in Washington, D.C. The result has been a devastating loss of trust and confidence in our economy, our financial markets and our government.”
--President-elect Barack Obama, January 8, 2009

That is a lie...This point was reached due to the US consumers being unable to continue supplying the compounding interest equation with what it demands.

All that the compounding interest equation does is demand more and more tribute...The US consumers finally reached the point after 65 years where they could no longer supply the LORD they worship, aware or not, with the required tribute...and now must suffer the consequences.

Everyone else in the world also worship the same LORD...But they are all dependent upon the USA for their supply since in 1944 The US Dollar was made the global trade medium of exchange.

So basically back in 1944 the world became dependent upon the U.S. consumer to be the supply of U.S. Dollars and the demand for imports while the rest of the world became the supply of imports and the demand for U.S. Dollars.

Because to buy anything from the global system...like oil to sustain your civilization ...You need U.S. Dollars and if you don't have U.S. Dollars you need to sell something to someone that has them...and the ultimate source of US Dollars are...U.S. consumers.

But how do U.S. consumers get US Dollars?

First how does any consumer in the world get their hands on money?

For centuries compounding interest commercial banking credit systems have been in operation.

Currently how the system works is a consumer, in basically any country on Earth or more specifically economic zone, requests a commercial bank directly or indirectly to create money.

It's actually credit...but can be used just like money...So it is money....Because ultimately those with enough power...decree what money is...and that's what money is...or else they will suffer the consequences.

The compounding Interest commercial banking credit system creates money by creating an asset an attaching interest to it and a liability in a ledger.

At the request of a consumer....When a consumer goes to a bank and says...I'd like a loan...They are requesting the bank to issue credit.

Ultimately the money being created...Is the requesters future income...The bank sucks the requesters future income from the future into the present to spend...

Not really but that's a way to look at it...The bank is loaning the requesters future income to them to spend in the present.

The requester uses their current income or an asset inflated in price as collateral for the request.

The current income is composed mostly of previously requested money by all the requesters or consumers in the system including the requester or consumer themselves.

A price inflated asset...Is inflated in price by all the previously requested or created money.

So where does money come from?

A consumer requests a commercial bank to manufacture money using their current income which is mostly previously requested money or an asset inflated in price by previously created money as collateral backing the request.

The bank creates an asset of lets say $250,000 and attaches 5% interest and a liability of $250,000 and amortizes it for 30 years.

The above is credit...It can be spent just like money so it's also money...and because it needs to be paid back...It's also debt.

Money is debt and debt is money...all the money in circulation basically is debt with interest attached and all the consumers of the world rent it.

A consumer in almost any country in the world wants to buy a house but is short $250,000

So they go to a commercial bank and request a loan...The bank checks and the consumers income and assets combined are high enough to back the request.

So the bank creates an asset of $250,000 and attaches 5% interest to it an amortizes it over 30 years an creates a liability of $250,000 and give the consumer a bank draft for $250,000 which is spent into the economy increasing the total money supply by $250,000

The first payment is due an it all works out to...

The consumer pays the bank 1342.05

The principal amount is $300.39

That causes the asset and liability to shrink by that much and they both become $249,699...Basically shrinking the total money supply by $300.39

The Interest portion on $250,000 amortized for 30 years at 5% is $1041.67 That is the banks profit.

That's how a typical commercial bank makes money.

But they do so by consumer request
.
Consumers are the source of all the money creation...If consumers chose to not request commercial banks to manufacture U.S. Dollars...The supply will not increase.

Why would you want the supply of money to increase?

Well lets say you don't don't want to work for a living...But you happen to have $100,000 of savings. And decide to rent out that money and live off the profit.

You attach 10% interest to it...You give everyone $100,000 under the condition that they all give you back $110,000.

Why would you want the money supply to increase by 10%?

The entire money supply of the USA and every country/economic zone on Earth or the entire money supply of the world is debt with interest attached.

In order to continue paying he rent the money supply has to keep increasing because the rent or interest attached to the money supply is causing the demand for more to increase.

The total global money supply is around 200 Trillion Dollars equivalent...at say 5% average interest that means.

In order to just balance the books the global money supply has to grow by 5 Trillion Dollars in that year.

But then the next year 205 Trillion has to grow by 5.25 Trillion at 5%

In 1944 the US money supply was 355 Billion Dollars and it has grown since then to now to 51.5 Trillion Dollars

To accomplish that you would need to attach interest of 7.96% to 355 Billion for 65 years.

Which is basically what happened during the “era” President-elect Barack Obama mentioned on January 8, 2009.

Consumers requested commercial banks to manufacture more and more an more new money to basically supply the demands of the compounding interest equation...Until of course consumers had reached the point at which they could no longer supply the required amount of tribute the LORD you worship, aware or not, was demanding.

The consequences of failure to supply the LORD with what the LORD demands is the end of inflation greater than previous inflation of the global system...or economic growth and the beginning of inflation less than previous inflation of the global system or economic contraction.

It had zero to do with “profound irresponsibility that stretched from corporate boardrooms to the halls of power in Washington, D.C.”.

Unless he means choosing to worship the compounding interest equation...But in the rest of the speech there is no mention of the equation as the cause of the effects.

Well why is the rest of the world caving in?

Because every economic zone on Earth needs U.S. Dollars to sustain the continued inflation greater than previous inflation of their economic zones.

With the source of U.S. Dollars, The US consumer, maxed out after 65 years of supplying the Bretton Woods Global trade system with the required amount of money the rest of the world needs...

The rest of the economic zones on Earth have stopped inflating greater than previous inflation...or experiencing economic growth and are now beginning to inflate less than previous inflation...or experiencing economic contraction.

Stimulus: Putting Hippos On The Titanic

[link to www.gold-eagle.com]

This article shows you your future.
It is a road of poverty.
You are traveling on it.

WINTER IS COMING

[link to www.jamesgoulding.com]

Winter is coming tells the story of a crisis era. This crisis is just a few
short years away. A great deal of the theory in this book is based on two
generational theorists, William Strauss and Neil Howe, (S&H)1. Neil Howe is a
graduate of Yale with degrees in history and economics. William Straus is a
graduate of Harvard, with degrees in law, economics, and public policy.
There are a few other cycle theorists mentioned; however, S&H’s work
makes up the heart of this book.
There are also theories of my own. Some are economic, and some are
behavioral.
S&H have compiled a huge body of work on generational theory. Their
work is extremely well researched and detailed. In their first book, Generations;
The History of America’s Future, 1584 to 2069 (Generations), they were the first
generational theorists to write about and group every living generation in
American history. What they discovered were cycles in our country’s history
that explain many of our past events, both good and bad. However, it’s what
they were able to tell us about the future that makes Generations so fascinating.
Generations was written in 1991 and many of the events foretold have come
true, with startling accuracy.
In S&H’s 1997 book, The Fourth Turning, they explore, in great detail, the
coming crisis era they call Winter. Many of the predictions in The Fourth
Turning have already come true.
In writing Winter is coming, I wanted to spread the word about their
predictions. Furthermore, I wanted to present the information in a short,
concise, less detailed, and abbreviated manner. However, in the later chapters,
I’ve written about some issues that I think can’t be overlooked. Those issues are
behavioral. More precisely, I take several generations and archetypes to task.
My hope is that you, the reader, will use this book as a stepping‐stone to
The Fourth Turning.
Numerous books have been written about coming apocalyptic events:
Why should this one be any different? To explain this I need to present a little
background on how I came to find S&H.
The Chicago Board of Trade (CBOT) has been my career‐home since I was
seventeen years old. Today, I’m forty‐one years old. In the years in between,
I’ve studied many theorists who predict the future for a living. That’s because

As I said earlier, I am always studying methods of trying to predict the
future. This is exactly how I came across S&H. I’d been studying human
behavior and economic cycles. Harry S. Dent (HS Dent) is a phenomenal
economic theorist. He’s the only person I’d read, back in the 1990s, that
accurately forecasted DOW 10,000 (this in his 1991 book, The Great Boom Ahead).
He went on to write The Roaring 2000s. In that book he predicts DOW 35,000 by
2009.

On December 2 ,2008 I said this:

"This means that every country on earth is going into a Depression.
There will be no exceptions, ... not even the Swiss."



Today is Feb. 22, 2009 about 2 and one half months later.

"In an interview with Swiss daily Tagesanzeiger, a well-known economist has warned that Switzerland risks bankruptcy, if the recent market turmoil centering on Eastern Europe is not contained quickly."

Article link is here:
[link to www.creditwritedowns.com]

Why is this happening ???
My opening comment also said this:

"Because each countries K-wave is synch-locked to every other countries K-wave in a form of a "super resonance",
there is no safe harbor or safe haven to flee too;
in an effort to avoid the final outcome.

This is the legacy of a world wide global trade system
that does not have local backup in whatever is traded in."



So a k-wave synchro-lock event is on the way.

Outlook for Swiss economy worsens

The forecast comes days after Switzerland - the world's largest offshore financial centre - agreed to accept concessions on bank secrecy.

Earlier this week, Switzerland said that in line with OECD rules, it would now respond to overseas requests for information in cases of suspected tax evasion, and not just tax fraud.

[link to news.bbc.co.uk]

One wonders if they will make it to the end of the year.

Couple questions, what does this "winter" period mean for us? Simply a depression? or something worse?

Second, we can't stop it or flee it. Is there anything we CAN do to make the best of it?

marginal productivity of debt is now negative

"In view of the fact that the marginal productivity of debt is now negative
we can see that the damage-control measures of the Obama administration,
which are financed through creating unprecedented amounts of new debt,
are counter-productive. Nay, they are the direct cause of further
economic contraction of an already prostrate economy, including unemployment."



"It follows that price rises are unsustainable, as the consumer is unable to pay them.
As a consequence the retail and wholesale merchants are also squeezed. They have to retrench.

Pressure from vanishing demand is passed on further to the producers who have to retrench as well.

All of them are experiencing an ebb in their operating cash flow.

They lay off more people, aggravating the crisis further as cash in the hand of the consumers is
diminished even more through increased unemployment.

The vicious spiral is on."


[link to www.gold-eagle.com]


For those of you who have never read Antel Fekete let me just say this.
I have read him for over a decade and he is spot on in his analysis.

With the information in this one article you now have a bright lamp
to light the dark closet of economics.

Your policiticians were and are the cause of the global economic destruction.

Therefore any and all attempts by the governments of the world to
try to stop the economic meltdown has the same effect
a playing russian roulette with a bolt action rifle.