Showing posts with label Debt. Show all posts
Showing posts with label Debt. Show all posts

Monday, 9 February 2009

Financial Coup d'Etat

I found this interesting article 'A Financial Coup d'Etat'. It is a fascinating read, and exposes much of the boom of the past twenty five years or so as a money grab by elite banks and other financial institutions and their greedy bosses.

It seems that privatisation was actually a way for them to get discounted public utilities, and then sell them on for a profit, at our expense!

Well, I can't say much surprises me anymore, almost everything I once thought I knew has been exposed as lies! I feel a fool, and to think the lefties were actually right about something? All that talk about big business and fat cats and insider dealing and governments in bed with big business and the evils of globalisation, all the things I thought were actually good for us, were in fact wrong, and not only wrong, but in essence they were Satanic!

They have been bankrupting us for decades, they have been lying to us and syphoning our money away so that they can live lives of luxury on stolen goods, things that once belonged to us!

The opening paragraph states,

'In the fall of 2001 I attended a private investment conference in London to give a paper, The Myth of the Rule of Law or How the Money Works: The Destruction of Hamilton Securities Group.

The presentation documented my experience with a Washington-Wall Street partnership that had:

  • Engineered a fraudulent housing and debt bubble;
  • Illegally shifted vast amounts of capital out of the U.S.;
  • Used “privitization” as form or piracy - a pretext to move government assets to private investors at below-market prices and then shift private liabilities back to government at no cost to the private liability holder.

Other presenters at the conference included distinguished reporters covering privatization in Eastern Europe and Russia. As the portraits of British ancestors stared down upon us, we listened to story after story of global privatization throughout the 1990s in the Americas, Europe, and Asia.

Slowly, as the pieces fit together, we shared a horrifying epiphany: the banks, corporations and investors acting in each global region were the exact same players. They were a relatively small group that reappeared again and again in Russia, Eastern Europe, and Asia accompanied by the same well-known accounting firms and law firms.

Clearly, there was a global financial coup d’etat underway.'

The only way these thieves will be stopped, is with violence, not something I personally support, although in my darker moments I admit I do fantasise about violent things happening to the scum that rule us, but it is inevitable that someone is going to have a 'Falling Down' moment, somewhere at some point, of all the millions who have lost everything, or the millions more who are about to lose everything, there must be one man who is on the edge, whose 'Falling Down' moment could be the spark that lights this petrol soaked house that is the 'Way Things Are'.

God help us all!

Monday, 12 January 2009

The Convulsion

The thieves and liars who have left our nations bankrupt have already got away with their crimes!

Our media have ensured that, instead we hear irrelevant dung being said about actors and actresses, we hear stupid cliches mouthed about how awful it is that Prince Harry said the word 'Paki', OMG!

We are fed emotional tripe about the 'Palestinians' and all the 'war crimes' going on there.

We are ensured by these same people that the recession is just that, a recession, not the end of the financial system as we know it.

The more I read and study about this crisis, the more I'm convinced that this is truly exceptional. I know I've been banging on about this since I have started this web log, but this is the 'big story' of 2008 and will be the big story of this decade, no this century. The world is changing and changing completely, the everyday blah blah of politics and show biz news will thankfully be a thing of the past in the not too distant future, the 'War on Terror' is over, this idiotic campaign instigated by greedy and feckless politicians and their allies in big business as a way to go to war, when there is no war to be had. It reminds me of the wars that Oceania would fight against East Asia and Eurasia in 1984, these wars did not have a goal in sight, there could not be a victory as that is not what the government wanted, they just wanted the powers that a modern state has in wartime. It is not even made clear if Oceania was even fighting a war at all or if it was just a way of maintaining control, this is where we are at now with this ridiculous GWoT, and what an irritating acronym!

But I digress, this GWoT is over, we cant afford it anymore, well not for much longer, the soldiers will be needed to quell the unrest back home in Europe and America, as when we end up penniless, we will be fighting people in the street for food. The 'ethnic minorities' will unleash their barely concealed hatred against us rampaging through the cities and suburbs murdering, robing and raping as they go, our governments will be powerless to prevent this tsunami of chaos, which will overtake us.

The armies and police will fracture and dissolve as soldiers and police will go home and attempt to protect their own families and homes, weapons will very quickly end up in many peoples hands, sold to them by soldiers off home, or looters and savvy entrepreneurs, making the violence even more bloody.

Money will be worthless, tobacco, alcohol, food and weapons will be the currency of the day.

The criminals who brought this on will avoid this fate, as being the slimy lickspittles that they are, they will have homes in Switzerland and Monaco, although one would hope that will face their comeuppance at some point in the future.

The media, in effect an organ of the state, will not tell you how bad it is going to get, they are under instructions.

What we are facing is TEOTWAWKI, as Jim Rawles of Survivor Blog refers to it, the end of the world as we know it, I don't think it is Judgement day, or the Rapture or anything like that, although it could be, but I do think that sin has consequences, and the sins of greed, lies, theft, deceit, lust, sloth, arrogance will ensure a retribution. This is the natural retribution we all face as a consequence of our sin, in the east they call it karma, science understands it as for every action there is an equal and opposite reaction. What we now face are the results, the reaction, the karma of our civilisational sins, and oh, do we so richly deserve it.

What will happen then? That I can not say, I can only prognosticate the above as it is the consequence of the sins and folly that have happened and are continuing today. The chaos unleashed by present folly's will continue, the results are unknowable for us mere mortals.

Those of us who hate the way this world is, can use the results of others sins for the good of many. The world will very soon be in flux, the political institutions, financial system, social mores, religion, all will be up for grabs, all will be ready for reformation or destruction, you can be one of those who makes the system that replaces the one we now have, the one that will soon be gone.

Being ready for that should be your goal. Societies often have convulsions, then they are remade, the time of convulsions have started, are you ready?

Friday, 24 October 2008

The ongoing collapse

It is an interesting time.

The markets, house prices, commodities and consumer items continue their fall, the talking heads on Bloomberg and MSNBC are puzzled by what they term 'irrational selling', but what could be more rational then selling what is probably overpriced?

The incredible dumping of trillions of dollars into the markets and banks in the passed few weeks will fire a destructive inflation that will leave the people of the world aghast. These bailouts were not only immoral, but recklessly stupid.

Britain, under the guidance of the incompetent Brown, has over the passed few weeks dumped well over a trillion pounds into their banks and financial system, the GDP of Britain is not much more then one trillion, what happens when one does that? Massive debilitating inflation, am I the only one that knows that?

Here in Ireland our porcine Taoiseach Mr Cowen, has guaranteed the full amount of all deposits in all Irish banks! That may sound good, but what happens if that is tested, will we the Irish people be able to back that up?

Iceland has in all effects collapsed, it's banks are nationalised, bank accounts of Icelandic banks and businesses have been frozen in Britain, under a terrorist act, something that sounds like an act of war!

This crisis is only at it's beginning, there are many months ahead of crises, it shall take many months, perhaps years, before things have stabilised, and what we shall see will be a different order, perhaps one influenced by traditionalists?

Now is a time to hunker down and wait, in a few months it will be the time to take advantage of the situation.

Saturday, 20 September 2008

The end of the Liberal West?

Could the economic chaos which ripped through the markets this week mark the beginning of the end of the Liberal West?

Well, one can always hope!

The crisis, is far from over, the root of the crisis, is the mountain of debt on which we sit, there is the hundreds of trillions of mortgage debt, the trillions of credit card debt, the trillions that is owed by government, the hundreds of trillions of unsecured derivatives, the tens of trillions owed by government (ie:us) to keep the welfare states afloat, that is a lot of debt.

The collapse of Lehman's, AIG, HBOS and Merill Lynch were only the symptoms of the problem, the problem is that we can't possibly pay all this debt back, no chance! What we face is civilisational bankruptcy, many of us personally face bankruptcy as well. No amount of government interventions can stop it, well it could have, but they would have had to intervene ten or twenty years ago to make borrowing harder and saving easier and more profitable, they would have had to reform the welfare state and commit the state to being debt free, but as we know that did not happen, because that is the fundamental weakness of a democracy, the politicians are focused, not on our future, but on how they can get reelected in two or four of five years time, democracy is doomed to death by its own most glaring weakness, its inability to think of the next generation.

So we have all had a great time buying rubbish we don't need with money we didn't earn and all we now have is debt, strangely in the preceding twenty years, debt was sold as an asset, now banks and other financial institutions realise what everyone else instinctively knows, debt is debt, it ain't an asset. So debt is harder to trade, those stuck with bad debt are being dragged down as house prices come back to Earth, how the mighty have fallen!

It's not only the banks and governments who are to blame, although they have earned the most lavish contempt, it is all of us who bought into this scam, everyone who has a credit card they can't manage, everyone who bought a house they couldn't afford, everyone who took out loans for things they didn't need, all of us are culpable and are now getting our just desserts.

I say this as someone who did all the above, except the unmanageable mortgage thing, but thankfully I have got out of credit card debt and most of the loan.

To think people were taking out loans for a holiday!! What is that? Pure stupidity, loans should only be for something that will profit you and yours, like a car or a start up loan or something similar, it should provide you with something tangible and lasting, not some photos and sunburn!

The last time we faced such a crisis was in 1929, I think we are facing something far worse then that, at least then most people stayed within their means and saved what little they could, most people didn't own their own houses, so mortgage debt wasn't as monstrous as now, most people could do real things, such as grow veggies and cook, and clean and make things, such as clothes and chairs and tables and such like, very few people can do that now, we can programme something or flip burgers or do things online, very few of us could do easily what our grandparents and great grand parents did daily.

The Depression almost marked the end of democracy, this upcoming depression could kill it once and for all, this may be the moment we have been waiting for! The next few years could be years of political ferment, we could see the rise of nasty totalitarians, leftists, neo-NAZIs and the like, we must be ready in the next decade or so to take our own advantage, to propose a return to faith and tradition, and the rejection of mass democracy.

Of course our elites would try as best they could to fight all the anti-democrats to retain power, they could themselves become the new totalitarians, not something I think is beyond the realms of reality, these people have been in the business of banning things since at least the beginning of the twentieth century.

So, we shall see in the next few weeks and months how this turns out, how bad it will actually get, myself, I hope it is really bad, I hope the whole system is shaken down, that as many big businesses as possible go under, that as many governments as possible fall and that in their new found poverty the masses can wake up to the reality of what has been happening over the past fifty or sixty years, what our rulers have done to us.

Then and only then will we have a chance to restore our nations.

Sunday, 24 August 2008

Debt as Money

The following video explain money, and how it comes to be. I used to wonder at those admonitions not to accept or commit usury in Scripture, it seemed a bit odd and out of date, 'old fashioned' if you will. How wrong I was!

Over the past year or so, I have learned quite a bit about money and debt, but this is the most concise and clear explanation so far.




It is well worth the 45 minutes!

Saturday, 16 August 2008

A Brief History of Finance

The following is an excellent post describing the most natural revolutionaries, the bankers, the ones who seem to have molded the world around them to benefit them and their balance sheet, it is a long read, but quite instructive!

Taken from Bedlam Nation

'Centuries ago, international bankers found that by financing governments who wished to make war on each other they could maintain control over them, ensure favorable business conditions and pile up enormous wealth. If they were displeased by the performance of the leaders they installed, they could finance the opposition. The international bankers want open population flows because they think of people as interchangeable parts. As long as the populace is not in a position to make trouble and are able to buy the products and services marketed to them, the financiers are satisfied.

America’s “robber barons” of the 19th century followed the same basic formula. Most of them were young men during the Civil War, which they bought their way out of. Some, like Jay Cooke, were aligned with the bankers and acted as agents in the war's financing. Others, like Rockefeller, Gould, Armour, Carnegie and many more, sought to develop the industries that would enable the country to be brought under a single hegemonic rule.

Steel, railroads and oil would unite all markets into one. The federal government dished out massive acreage for railroad use. Elected officials of both national and local scale were amenable to these schemes. Small localities could be turned overnight into boomtowns or ruined instantly by the mere location of the railroad tracks. Municipal officials were compelled by the railroad magnates to provide the financing for each section of track and other infrastructure. The railroads brought with them the possibility of huge economic benefits.

Business, trade, population and housing all boomed. The town fathers who were in on the ground floor stood to reap gigantic wealth. The Indians were wiped out, the free rangers were fenced in, the freebooters, gamblers and other unruly elements were brought under control and the territories made safe for the farmers and settlers who provided the necessary population. Eventually these places sought statehood and were brought into the federal system.

One thing about the robber barons, especially Rockefeller, that has generally escaped the notice of the popular imagination is that they hated competition. Having a lot of small operators all competing against each other in a single industry – the Adam Smith model – is messy and hampers the growth of the huge economies of scale that allowed the magnates to mass enormous wealth and power. The hype surrounding Progressive-era politics was that men like Theodore Roosevelt broke up the trusts in the interests of the little guy.

But the truth is big business became bigger than ever. As the century turned, these original magnates, whose goals and methods made them natural allies with the international bankers, faced two problems. One, an increasing need to standardize both markets and labor force; and two, to shield their wealth from the new tax laws that were coming in to buy off the threat of socialist unrest. They hit upon two solutions.

One, a public education system that would ensure a citizenry that was thoroughly indoctrinated in the right attitudes to function as both docile workers and reliable consumers. And two, a central bank, under their control, that would ensure both the bankers’ control over government in perpetuity and also enable them to manipulate credit and the money supply to keep the peasantry sufficiently able to buy the gewgaws of the ever-growing commercial sector to keep them satisfied with their serfdom, forever. The tax-exempt foundation and the Federal Reserve would enable them to accomplish these goals.

In 1953, the Reece Commission investigated the money links between the tax-exempt foundations and the socialistic elements in the educational system. The picture that emerged was one of the vast wealth of the monopoly capitalists, shielded from taxation, being used to promulgate grossly socialistic schemes. Why would capitalists fund institutions that preached the expropriation of the rich? Because they really had nothing to fear from these people, and they knew it. Once a socialist movement reached ascendancy in a country and formed a government, its leaders would need financing and would have to come to the bankers to get it. The money would come with strings attached, and once again the elements of high finance would be in control. People would have before them just the options provided them by the money power, and no more.

After World War II, the major opinion-forming bodies – the interlocking heads of the foundations and the education theorists in charge of disseminating their dictates – decided that what was needed was a “one-world citizen.” All of these cooperating branches of the propaganda machine championed the notions of freedom, democracy and international brotherhood. The media was expanded from its roots in American newspapers as the herald of commercial advertisers to a force for change in the directions dictated by the internationalists.

Newspapers, movies, radio, television and the music industry began to hammer home relentlessly the new themes: the innate goodness and deserving nature of long-suffering blacks; the need for equal rights for blacks and women; tolerance of sex and lifestyle freedoms; the virtue, frankness, openness and general goodness of the common man of mass democracy; that the world’s people were really just Americans at heart and deserved a chance to prosper and therefore should be admitted into the country at once, all of them; and the need for the churches to stop trying to bring man into redemption from sinfulness through Christ and instead to enforce love and tolerance of his fellows, which will be distorted in practical terms to mean the acceptance of ever more outrageous and vile conduct in thought and deed as normal, healthy and benevolent.

Most people remain basically unalarmed by all of this. On the one hand you have the minorities, who agree with most of these tendencies; their only reservation is that they are not being implemented fast enough. Their spokesmen and their white allies complain constantly that racism, sexism and homophobia are more pervasive than ever. On the other hand the rank and file white people are cowed into submission by the relentless brainwashing of the media. It’s just not nice to notice that most of the crime is committed by blacks and mestizos, and that wherever middle-class American culture is being debased and disparaging media images of whites abound, Jews and their anti-Christ secular allies are pulling the strings.

Working against white solidarity in the face of minority onslaught and demographic subsumation by mass immigration is that most whites simply don’t think they are vulnerable. As long as the money machine keeps working, and the system of imperial control of the world’s labor and vital resources keeps the cheap goods flowing, well, everything is all right. Another problem is that not all whites think of themselves as “white.” This goes back almost fifteen hundred years to the struggles between the Celtic Britons and Scots and Irish and the Germanic Saxons, Angles, Norse and Normans. Growing up the descendant mainly of Germans and Puritan WASPs in an Irish and Italian Catholic milieu, I noticed early on that there existed a natural animosity wherever the Saxon-Celt divide was perceptible. The Irish kids I grew up with seemed to define themselves in opposition to anything “whitebread” (Bo Sears, are you listening?).

Indeed, anybody whose people came here after 1860 tends to think of themselves as beyond responsibility for the race problem. That is, they don’t identify with the earlier American sense of the need to exercise control over alien and hostile populations. This is compounded by the fact that many of the post-1848 immigrants to America, the German socialists, the poor of Southern and Eastern Europe, were little more than serfs. They identified not so much with the blacks themselves – many had strong prejudices against them – but with their plight as menial workers at the bottom of society. What they really resented was the Anglo-Saxons who occupied the positions of power, wealth and influence in their new land. Siding with blacks was a way to get at the hated “bosses.” When World War I and II rolled around, this same impulse manifested itself as anti-German feeling. The Saxon type was seen to be doing the same thing to Europe as he was doing in America to blacks, Indians and immigrants. He would have to be dethroned. Jews lead the charge, but all non-WASP ethnics pile on heartily.

All of this eventually leads to the destruction of any notion of aristocracy beyond the money power. It’s been over a hundred years now since the last pro-white American movement against the banks, the Populists, fizzled out, co-opted by the two major parties. The Age of Mass Man has settled in.Chilton Williamson Jr., writing in the September issue of Chronicles draws the grim portrait of our modern condition:


Deprived of an authoritative aristocracy to direct its government, uphold a coherent social structure, fight its wars, and maintain high standards in learning and in the arts, Western civilization has approached near collapse, as the enfranchised rude republican of the 19th century has devolved steadily into the “empowered” mass man of the 20th and 21st , to the point where, today, democratic society exists only in the anthropological sense. The devastation is systemic, endemic, and all-pervasive, embracing government and public life, the professions, the arts, manners, morals, and religion. Modern Americans no longer recognize or appreciate civilization. They have ceased to be able to govern themselves, and they have ceased to be capable of thought, in part because mass democracy encourages thinking about everything in the mass – abstractly and statistically, according to the standards set by the social “sciences.” The mass man, Ortega said, thinks he is perfect. That is as good an explanation as any for the secularization of modern society and of religion itself, as only people who are aware of their radical imperfection can be expected to believe in the Christian God and to observe His commandments.

That man should become standardized in his wants and needs, all material; that he should want nothing more than to live as only irresponsible aristocrats had once been able to live, in the illusion of vice, luxury and material comfort; to be self-sufficient with income from the increasingly abstract “work” of keeping the books for the transactions of the service economy, with his eye so close to one small facet of the scheme as to miss its whole import: this was the goal of the financiers and their industrialist confederates.

Feminism suits their ambitions perfectly, for it accomplishes several laudable goals. It expands the pool of both consumers and laborers; and it leads to a demographic crisis that drives mass immigration, allowing still more workers to be imported from alien countries, cultures and races. Anything that works against an ethnic national unity on the part of whites is essential to the scheme. Other races and types of men may be educated in an awareness of ethnic pride, because this can be used as a bludgeon against whites, who are increasingly shown to be the robbers of freedom of the downtrodden of the world. We must be ever vigilant against “racism” in order to prevent another KKK, another Hitler, another Wallace, indeed anyone or anything that would remind people that America was once a Protestant Christian country populated by predominantly Anglo-Saxon whites who did not want to amalgamate their country, their culture, their homes, businesses and families with Africans, Asiatics, Jews and Indians. And so the Civil Rights movement, organized, funded and propagandized by and for the interests of the money power and its international socialist wing and utterly pervasive at all levels of government, legal and academic bureaucracy, conducts an ongoing revolution designed to remake man to suit the demands of the new uniformity.

The moral cachet of the movement has been extended to the relations between the sexes and the interests of fathers within the family. The state declares that there shall be no gods before it: all allegiance to God and His created order shall hereby cease. Today’s soulless material man, propagandized under the new gods of Freud, Kinsey, Mead, Spock and Hefner, has embraced the Playboy Philosophy with relish. Sexual liberation for women, packaged in the Civil Rights wrappings, means that men can now enjoy sex without marriage.

Women, subsidized by government allotments and enabled by the cash and commodity economy, enjoy financial independence without men. Mass-market feminist magazines applaud women having sex and children without the restrictions of husbands, oppressive morals and social opprobrium. Birth control and abortion rights, no-fault divorce, custody laws and child support regimes mean that marriage and children pose too much of a financial risk for men, who can be threatened with expulsion from their families and the loss of half their income for almost any cause. For women, the risks of pinning their future and that of their children on a husband will be less attractive than delaying motherhood until an independent career can be established. Men and women will need each other only for sex and the satisfaction of their emotional needs while they pursue, almost separately even in cohabitation, their individual careers based on personal advancement and self-fulfillment.

This fragile basis for union will be strained fatally by precisely those human needs the new morality was calculated to liberate. The end result is atomized men and women hopelessly seeking satisfaction from the very things in life that are most sure to disappoint. The anxiety can be relieved only temporarily by the next round of spending on material pleasures: exactly the way the moguls want it. Your credit limit goes up as your moral condition goes down.

There seems to be no way to reclaim this culture. Anyone who wishes to escape infection must separate from it, criticize it to all who will listen, and strive to set against it an appealing and heroic counterexample. We must relentlessly campaign to weaken its basic assumptions. These notions in particular must be countered: that everybody’s equal, with material circumstances determining outcomes; that democracy is good and that everybody, everywhere in all times and places, wants it; and that material progress is the only measure of the health of a society.

At last, one by one, we must all “repent, turn to God and do works befitting repentance (Acts 26:20 NKJV).” For therein lies our hope and salvation.'

Friday, 4 April 2008

The 500 Trillion Dollar Question!

Yes, you read right, 500 trillion dollars, not million or billion, but trillion!

That's about 300 trillion Euro or 250 trillion Pounds!

Lots of money you say? Yes it is, its an unimaginable amount of money, in fact, the GDP for the entire planet Earth in one year is about 50 trillion dollars, so 500 trillion dollars is ten times the entire GDP of the entire world!

Well, what if I were to tell you that the 500 trillion number is the amount of potential bad debt that is currently floating around the world economy at the moment and that this is what is panicking the financial world?

For the moment the world has only felt an economic shudder, as the price of a wholesale panic, as the reality of the situation seems to suggest, would be the end of the financial world as we know it, so they are hanging on!

The central banks have been criminal in their actions, effectively removing money from our pockets with their magic trick of lowering interest rates thus causing inflation!

This is probably the worst time for these spoilt financiers and idiotic central bankers to be playing with our money to keep the greedy and feckless banks in operation, inflation is going up, food prices are going up, the Dollar and the Pound are becoming worthless and the Euro can't be that far behind, what with most European governments owing in debt, more then their annual national incomes!

As a result of ethanol subsides to farmers to grow maize to turn into fuel, regional droughts, moulds and increased demand from Asia, food stores are at their lowest in decades!

500 trillion dollars is not something we can wish away, no matter how much we wish to, a shortage of food is also something we cant wish away, and yet, our governments, being run by the shortsighted, incompetent and downright deceitful politicians refuse to face the looming crisis that lies in front of us and act before the crisis is upon us!

If we are lucky, we will have a recession, if we are lucky.

The facts suggest something altogether more terrible!