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Category Archives: Slavery & bondage

Debt-Based Monetary System Demands Ever More Debt—Part I


Debt9

The National Debt was basically flat from A.D. 1900 through A.D. 1971. In A.D. 1971, President Nixon closed the “gold window” and the dollar became a pure fiat/debt-based currency.  Since A.D. 1971, the National Debt has persistently increased, without regard to which political party controls the government.  I strongly suspect that a debt-based monetary system cannot survive without government creating more debt.  Once the dollar was debt-based, the National Debt had to increase.

The Congressional Budget Office (CBO) recently released a 55-page report on the “long-term US budget outlook”. The report implied that the US government is on the road to fiscal chaos and possible collapse that could not be sustained beyond A.D. 2047.

I think the CBO is lying about the “long-term” budget outlook. Instead, I think we’ve only got a “short-term” to go before the debt hits the fan.

According to the report, the “official” National Debt ($20 trillion) currently stands at the highest level since shortly after World War II. (The report did not comment on estimates by others that, including unfunded liabilities, the real National Debt may be closer to $100 trillion or even $200 trillion.)  According to the report, if government maintains current policies and economic trends continue, the debt will likely double over the next 30 years, rising to about 150% of GDP.

I see the CBO’s predictions and “warnings” as bunk, bunk, and, uh, bunk.

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Pavlov and the Federal Reserve


[courtesy Google Images]

[courtesy Google Images]

The Gains & Pains newsletter recently published a brief article on Quantitative Easing (QE).  In broad strokes, the article explained that although QE had failed to cause a positive change in the Japanese, US and EU economies, China was nevertheless trying to use QE to save the Chinese economy from its current recession and/or depression.

The following text is from that article and is sometimes verbatim and sometimes paraphrased by me:

 

“It wasn’t until late 2014 when the Japanese economy truly became completely and utterly broken.  That’s when the Bank of Japan decided to increase its already far-too-big QE program, not because doing so would benefit the country, but because it would bring economists’ forecast in line with governor Kuroda’s intended inflation numbers.

“The Central Banks were forcing reality to match Central Bankers’ theories and forecasts.  If reality didn’t react as intended, it wasn’t because the theories were misguided . . . it was because Central Bankers simply hadn’t yet printed enough new fiat yen.”

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Posted by on November 5, 2015 in Federal Reserve, Fiat Currency, Slavery & bondage

 

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IMF Colonized Korea, Part I


South Korean Flag [courtesy Google Images]

South Korean Flag
[courtesy Google Images]

I first wrote and published most the following article in A.D. 1998.  It’s too long to be presented as a single article in this forum, so I’ve divided it up into “Part I—Description” and “Part II—Evidence”.  This week, the Description; next week, the Evidence.

I’ve also edited the original article, added some comments, made a couple of corrections and changed some verb tenses to make the text more readable and “current”.  Nevertheless, despite these changes, 80% of this article was written 17 years ago.

Why should anyone want to read an article written 17 years ago?

First, because the article explains how overly-indebted South Korea “voluntarily” accepted colonization by the International Monetary Fund (IMF) rather than risk declaring a national bankruptcy.  The process is almost exquisitely wicked.

Second, this article should help people to better understand what’s recently happened to Greece.  In order to avoid declaring bankruptcy, the overly-indebted Greece agreed to a bailout deal with the European Union (EU) and the European Central Bank (ECB) that essentially reduced Greece from the status of a sovereign nation that joined the EU voluntarily, to the status of a colony that’s been conquered and is now owned and operated by the EU and ECB.

The most recent Greek bailout deal is so extreme, it’s been described by some as less than an “agreement” than an unconditional surrender—the capitulation of an overly-indebted nation who feared the pain of bankruptcy more than the bondage of debt.  (That’s exactly what also happened to South Korea in A.D. 1997.)

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Stupid Is as Stupid Does


Detroit Spent Billions Extra on Pensions

Detroit:  the Consequences of Stupidity [courtesy Google Images]

Detroit: the Consequences of Stupidity
[courtesy Google Images]

The city of Detroit filed for Chapter 9 bankruptcy on July 18, 2013. It’s the largest municipal bankruptcy filing in U.S. history, estimated to be $18–20 billion.  Current and former employees of the city of Detroit have been particularly distraught over the apparent loss of their pensions.   However, according to Dealbook,

 

“Detroit’s municipal pension fund made payments for decades to retirees, active workers and others above and beyond normal benefits, costing the struggling city billions of dollars and helping push it into bankruptcy, . . . .

“The payments, which were not publicly disclosed, included bonuses to retirees, supplements to workers not yet retired and cash to the families of workers who died before becoming eligible to collect a pension, . . . .

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Persons Owning Persons


"Persons . . .  persons who OWN persons . . .  are the GREEDIEST persons . . . in the world."

“Persons . . . persons who OWN persons . . . are the GREEDIEST persons . . . in the world.”

I recently received the following email:

Hi Alfred,
After reading your blog and others I have been doing some thinking. I was on a long drive yesterday and I came to a realization. If corporations are people and enjoy the privileges of being people then how can they own other corporations?  Isn’t that the textbook definition of slavery?

Christian

I replied, in part, as follows:

Hi Christian,

That’s an interesting insight, but it’s mistaken in this regard:  Corporations are not “people”—they’re “persons“.

I.e., you and I are deemed to be flesh and blood “people” under our “Declaration of Independence,” State constitutions and the Preamble of the Constitution of the United States.  However, under the 14th Amendment (“All persons born or naturalized . . . ,” adopted A.D. 1868) we are presumed to be “persons“.  Later, in some Supreme Court case, the Supremes implied that corporations are also “persons”.

Nevertheless, you’re right.  It’s intriguing to see that at least some “persons” (living, flesh-and-blood, like you and I) can own other “persons” (corporations and other legal fictions).  The fact that at least some persons can be owned, bought and sold indicates that at least some “persons” (fictions) are things rather than “people” (men and women made in God’s image and endowed by their Creator with certain unalienable Rights).

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People Capable of This Don’t Deserve to be Slaves


People are Fantastic                   video                          00:04:39

There’s a spirit in these people that might not be capable of enslavement.  Every one of these people are saying “screw you!” to big government and endless regulations.

 

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Ex-KGB Agent Explains On-Going Psychological Warfare in the US


I can’t know for certain that the speaker in this video is truly an “ex-KGB agent”.  But, whoever/whatever he is/was, his presentation makes a lot of sense.

video      00:09:52

 

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