Januray 1913.

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[–][deleted]  (1 child)

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    [–]Jesus 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

    Someone should get a hold of a few Lehman Brothers movers and shakers, put their balls in a benchwise, and ask them questions.

    Haha, thanks for the explanations.

    On a side note, what I also find interesting is the amount of inbreeding and intermarriage, more particularly the intermarrying between the Lehman, Gugenhiemer, Rothschild, Schiff, Loeb, Seligman and Warburg families. I went back and looked at all the marriages, they all stick together.

    [–][deleted]  (9 children)

    [deleted]

      [–]Jesus 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (8 children)

      Amazing excerpt. So, the public now, through their scheme,mortgages much of the future generations and on and on. Sounds like insanity.

      What do you think of the warmongers borrowimg trillions to start wars in the middle east, is that not a unfortunate outcome of Hamilton's empire building, or is it something more dire. Certainly, it has only gotton worse since his time.

      [–][deleted]  (7 children)

      [deleted]

        [–]Jesus 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (6 children)

        The leisure class, do you mean social security? I know a few firefighters retiring in their early 40's and living off a pension as well as Police Officiers who get on welfare for a stomache ache or broken finger, not really because they're disabled but because they can rack in more money NOT working. There is a lot of people working for the state that retire very young and acquire a government paycheck from then on.

        I think there is a time and place for welfare and pensions, for some people, the former should exist if disabled person(s) has the capacity to give back in some way, and not be parasitic or a scrouge on society like many of the SSDI recipients are, milking the system, more and more people however, are acquiring SSI, which is government payouts for very poor disabled people, who use footstamps and other means to get by, which is an economic problem in and of itself, but would we REALLY need any of these things if we used a sound currency in the first place? Of course, for many, even saving every single dollar you have is still not enough to retire at 75 when your body starts to hit the tank.

        I know many people who work their entire lives, multiple jobs, pay-check to pay-check and just barely get by. This current economic downturn has financially destroyed many of those close to me; so much for saving up and working multiple jobs just to get by. Now government wants to lend money by the crumbs whilst bailing out the corporate sector.

        This specific doldrum has been one of the largest wealth transfers in history, and I believe it was planned, as the most important renovations and expansions in the productive apparatus are made in periods of depression and doldrums when commodity prices are low.

        And what do you make of this:

        https://wtfhappenedin1971.com/

        It seems like moneyary inflation and the Oil Embargo caused this as did Carter's pro-inflation policies.

        What do you make of this article:

        https://petras.lahaine.org/from-richard-nixon-to-donald-trump/

        It's written by a so-called right-wing marxist. So, I'd take it with a grain of salt but I found some things intereating in his analysis.

        [–][deleted]  (5 children)

        [deleted]

          [–]Jesus 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (3 children)

          Doesn't Trump surround himself with neocons?

          Plus, these fine upstanding baby-boomers demand medical services to the utmost, till the last moment of their lives.

          You can factor in scientism in the early stages of a technocracy. More and more ways in which to keep dying patients from dying. That puts a strain on the economy but so too doesn't the exponential uptick in neurodegenerative diseases including chronic infections and autism amongst the productive class; that 21 - 41 age group. Researching the medical industry, there is clearly a god-complex fueled by scientism and an appeal to authority that allows sufferers of these illnesses to be either misdiagnosed or left to rot on the streets. They figured it would be potentially more protifiable to deny and misdiagnose many of these illnesses into symptom based categories such as MS societies with their multi-million dollar CEO's. They should have nipped these illnesses in the but and allocated funds to independent scientists that did not have a stake in the corporate sector when they had the chance, instead they falsified diagnostics and pushed fraudulent vaccines such as Lymerix, among others.

          And today, using the excuse of covid, millions of productive people (who have to earn their living by producing useful goods and services) were forced to take a huge paycut; but the leisure class don't have to skip a cheque (which they could afford).

          I agree here. And I think the leisure class will eventually be negatively impacted by this crisis, especially considering the harmful effect is has had on production, labor and farming. Might be time to start planting potatoes and anything you can get your hands on. Too bad most of the leisure class has zero clue about farming and planting food, not that they would even try.

          Where do pension cheques come from ? From Wall street and from income taxes. We bankrupted wall street and cut off income tax.

          Are you saying the leisure class, such as social security members bankrupted wall-street? And because of this, income tax was allocated to programs harmful to the economy.

          If I invest in a mutual fund, and the market takes a dive, I have to take a haircut, but these ex-government employees...

          Yeah, it's pretty ridiculous, but I'd imagine the State does this so as to keep their workers apathetic and indifferent to those who take the hit.

          ...the 1970s: credit bubble, printing-press money were one side of the story, the other one was the socialist programmes and the new custom of deficit-spending to finance these programmes.

          S, Nixon's use of tying in social security to the rate of inflation was thus a custom of deficit-spending?

          [–][deleted]  (2 children)

          [deleted]

            [–]Jesus 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

            They are the neo-(not)-conservatives (oxymoron), really, neo-Trotskyites. They certainly are new, and they certainly were Trotskyites at one point, I still believe they are, just masquarding like chameleons between parties. Currently, they front both sides. During the Bush years they were fervently against many democratic congressmen, and after Bush; Obama was their man. Kagen even praising Obama for his military spending and war in Libya.

            For many of these Trotskyites, pupils of Leo Strauss, the promotor of the public noble myth lie, they loathe China and Russia, and yet they were at one time supporters of Internationalist communists in Bolshevik Russia, such as Trotsky. Which sort of leads me to believe Putin, like many Soviet defectors say, such as Golitsyn, saying that Putin really a "communist in disguise," is a lie. I believe this is a lie. He is surrounded by Hasidic sects such as thr Chabad-Lubavitch cult which Trump, Kushner and Netanyahu are also connected directly to. And the neo-Trotskyites push to spread democracy abroad seems more like an internationalist ruse. Plus, we have to remember that hasidic Jews were persecuted by the Bolsheviks.

            So, why do these neo-Trotskyites hate China so much? Certainly they are criminals, so it must be plain, old, dirty geopolitics.

            [–]Jesus 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

            And the Democrats are fronting some sort of marxist agenda, but I think that is manily the lesser knowns. They all front neo-liberalism nonetheless.

            [–]Jesus 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

            tribe

            You don't think Trumpnis merely levelling the playing field? What I mean, is that industry will only come back if wages are lowered.

            [–][deleted]  (13 children)

            [deleted]

              [–]Jesus 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (10 children)

              We can see at a glance where it would lead if the Treasury should become the organ for the purchase and sale and the collection of such paper. It would end in disaster.

              What if the treasury was independent and it set up exchanges for silver certificates with silver reserves?

              [–][deleted]  (9 children)

              [deleted]

                [–]Jesus 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (8 children)

                True. Man, though, it is true that everything is out in the open, 9/11 was a prime example, that is if you believe in the false flag conspiratorial aspect of that event. Nevertheless, it appears apathy has stricken the population through tireless propganda, drama and confusiom, plus the infiltration and hijacking of education.

                I don't want to blame people for the woes of the current system erected before us, but it is true that most willingly accepted it as did many of our representatives who acted as liaisons to the bank.

                [–][deleted]  (7 children)

                [deleted]

                  [–]Jesus 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (6 children)

                  So, then why does the FED say that it was errected to create an elastic currency? It's basically written in their white-paper?

                  These bank notes could also be used for currency, ie legal tender, could they not?

                  [–][deleted]  (5 children)

                  [deleted]

                    [–]Jesus 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (4 children)

                    But my contention was; are these Federal Reserve notes really elastic? They're elastic in the sense that the central bank becomes the fiscal agent of thr government and can inflate the currency when desired, no?

                    [–][deleted]  (3 children)

                    [deleted]

                      [–]Jesus 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (2 children)

                      Thanks for the explanation. I'll be sure to read the link you've provided and get back to you if I have questions.

                      Now it is clear to me why anti-bank progressive fell for the "elastic currency" bollocks.

                      But the notes they issue and the credit they extend was never suppose to be equivalent in value to the reserves they had. Is this the simplest understanding of this scheme. They dish out their bank notes in the hundreds of millions; simultaneously lie about the amount of tangibles, whether Gold or Silver, they have in reserve, and once the notes are fully issued and being used they demonetize gold and silver and make their notes non-transferable for the equivalent amount of silver or gold they lied about holding?

                      Both United States Notes and Federal Reserve Notes have been legal tender since the gold recall of 1933. So, originally the US note was a fiat currency in that the government had never guaranteed to redeem them foe precious metals such as silver. This note was thus a bill of credit and was inserted free of interest into circulation. And Federal reserve notes are slightly different in that a commercial bank can call upon these notes whenever but must pay back the 12 FED banks.

                      So, all of these notes are basically unallocated, unlike an allocated silver or gold certificate that can be redeemed for the tangible precious metal at the equivalent value.

                      [–]Jesus 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (1 child)

                      He said that the central bank of this country should have large powers. I think it would be most dangerous to do that. Control of such an institution, both at the head office and the branches, would give such vast power that, no matter whether Government officials or business men were in charge, sooner or later it would become the instrument of selfish ambition.

                      Who said that? Sorry, I'm confused on who is deploring the concept of a central bank with vast powers?