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!
Friday, 4 April 2008
The 500 Trillion Dollar Question!
Do you believe in Democracy?
Well, I know it's not scientific or representative blah blah!
But for those who happen across this site, it seems most do not believe in democracy, which is interesting, I was sure the yeas would have it, but it is the noes who come away as the clear winners!
The results are bellow
Do You Believe in Democracy?
Yes - 8 (16%)
No - 38 (76%)
Don't Know - 4 (8%)
Tuesday, 1 April 2008
The prostitute that calls itself 'democracy'!
I got a comment to the Onion News Network satire bellow, the poster the self named 'Dirty European Socialist' stated Democracy is always better the monarchy.
I would disagree, I am unaware of the British queen's wealth, and see that as irrelevant to the issue of whether someone is a monarchist or not.
The problem with politicians is that the seek office, that those who do so are by nature odd, egotistical and usually desire money as well as power, so once in a position of power seek to enrich themselves at our expense, I believe that Elizabeth II inherited much of her wealth and has invested wisely over the past 50 + years resulting in her very healthy bank account.
The 17 billion quoted is something I am unaware of and am not certain whether this includes such places as Windsor Castle and Buckingham Palace which belong to the Crown and not personally to Elizabeth Windsor.
The strength of monarchy is exactly that it is an accident of birth, that most monarchs are wealthy and have everything they can want, there is no reason to implement a 'programme' to prove or to feign activity or concern, they have no reason to enrich themselves as they are already rich beyond anyone's dreams, and they have nothing to prove.
A lazy King would be a big improvement on an elected politician seeking to secure his position and please his constituency at the expense of his enemies!
But anyway, one comment shall not convert me to what I see as the con that is called 'democracy', a false god that promises much and makes us think we actually have a say in how we are constantly defrauded, taxed and censured by the 'democratically' elected government!
I have decided to include an interesting HBO video on the Diebold voting machines here, it describes what can happen and most probably happens in the 'land of the free'.
Saturday, 29 March 2008
Iranians turn to Christ!
If this is not a good reason not to go to war, then I don't know what is!
If those United States stumble into another pointless war, it is the Christians once again that will suffer. Already they suffer as Dhimmis in the Dar Al Islam, but they would die and flee in the thousands if a long drawn out war is visited upon Iran.
Source
American election results come in early
This video sums up for me the reality of 'democracy'!
Diebold Accidentally Leaks Results Of 2008 Election Early
Friday, 28 March 2008
American puppy killers!
It is odd, is it not, that after possibly hundreds of thousands of innocent deaths in Iraq, after massacres of civilians by United States Marines and soldiers, after torture of dusky looking men in Guantanamo, Abu Ghraib and other undisclosed places around the world. After showering cities, farms and villages with some of the most potent of modern weaponry, after allowing Islamists to terrorise the Christians of the Middle East into flight or hiding, Americans are finally becoming outraged with their Armed Forces, not for any of the above, no, they are outraged that a young American in uniform apparently killed a puppy!
Does anyone else see something profoundly strange, indeed, perverse about the above?
Yes, it was not nice what they did, I thought 'the poor thing' when I watched it, but it is not a man or a child or a woman, it is a dog! A puppy, it is not human!
It seems that Americans have their morals all inverted, they come across as self righteous, born again Christians, yet, their nation has spawned most of the ills of the modern world! From the Gay rights agenda to feminism, from the largest porn industry in the world, to a wreckless disregard for the lives of non - Americans.
And yet, when a puppy is killed, they see nothing odd, nothing strange with venting fury on this soldier who betrayed a nastiness inherent in most Americans, a nastiness that they see nothing wrong with when Arabs or Afghans or 'Gooks' are on the receiving end!
If this is what is upsetting modern Americans, then they are in for a shock, this sort of arrogance and blinded self righteousness will not go unpunished for very much longer.
The video is here,
Monday, 17 March 2008
A Cold Wind is Blowing!
It looks as if the financial chickens are coming home to roost! A bank run in the UK all but bankrupted Northern Rock a few months ago, something which the socialist government there seems unable to comprehend, they seem to think government has the power to dictate how economies go! But most governments assume this, that's why they say things like 'this government has created 3 million new jobs'.
No you didn't, businessmen and entrepreneurs did, in spite of you!
Now the American banking sector looks like it is on the precipice of collapse, the like we have not seen for seventy years. Bear Stearns is bankrupt, although they don't say that, they say it is 'being rescued', but the reality is the recklessness and greed of the nineties and the noughties will have to be repaid, whether we like it or not.
Now there are rumours circulating about Citigroup and Lehman Brothers and their viability. This is fine for the people involved, as they will just get a payout and go into early retirement, for the rest of us it means some very leans years ahead at best.
You see, when greedy men, in concert with greedy and dishonest politicians decide to defraud the people, there is nothing we can do to stop it, they will tell us everything is fine, that there is no reason to be fearful, indeed they will involve us in the fraud, as long as they get the lion's share of the reward and are exposed to little of the consequences of the crime.
The government gets its share by taxing the fraudulent exchanges, and debasing the currency, have you ever wondered why your Euro or Pound or Dollar is worth less then it was ten years ago? Well, its because they create new money and give it to the financiers in the City of London, Frankfurt and New York, once they have spent it, your money loses its value meaning your Euro is now only worth the equivalent of ninety cents before the government debased it.
This goes on year after year, taxes go up to keep up with this slow motion devaluation and we, the normal people, are squeezed, whilst the government and financiers get wealthy on our backs.
I used to wonder why God forbade his people to charge interest on loans or got involved in what I thought were little things like scales and measurements, I think I understand now, I see the sin that these financiers get into, the greed that this fraud called 'International Finance' creates in people, the lies, deceit and theft we all become entangled in.
I recall talking to my parents and grandparents about money when they were young, in fact my grandmother gave me some old coins, some going back to the 1885, bearing the portrait of Queen Victoria, some had the face of Edward VII on them, and these coins were still in circulation in Ireland in the seventies!
It means that the currency had not been debased in such a reckless and debauched way, it meant that a penny issued in 1885 was still being used to buy things in 1973! That is unbelievable to me, as I have seen two currencies in circulation, and various notes and coins which long ago became useless.
Surely there is something wrong when the Pound, Shillings and Pence we used to use, managed to retained their value for centuries seeing small and insignificant inflation, to what we see now when the successor to the Pounds, Shillings and Pence is now all but worthless?
If a man from the time of James I, spoke to a man from the time of Victoria about money, they would broadly understand each other, if any had the misfortune to talk to a man of today, they would be unable to understand how a pound is now worthless! This is the work of the greedy and dishonest men who inhabit governments all about the world, the habit of inflation, of debauching of the currencies.
The fairy tale world of 'International Finance' is coming to a close, unfortunately for us, it is we, who will feel the cold wind of recession, not the ones responsible!
Links: Swiss America
Urban Survival
Asian times
Daily Telegraph
