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Sunday, December 12, 2010

Root Cause - Cure Out of Reach

"I stand with Jefferson rather than with them, and tell them, as he did, that the issue of money is a function of the government and that the banks should go out of the governing business."
The most famous speech in American political history was delivered by William Jennings Bryan on July 9, 1896, at the Democratic National Convention in Chicago.

But the few (banksters) were once again to regain their control and keep it to this day.

The creation of money by making the taxpayers indebted to those that reap from the fractional, interest-bearing commercial banking system has seen the plundering of the wealth created by the majority throughout its history. The people are made to be impoverished and their wealth and assets are taken from them by the accumulation of interest that results. This wealth is thereby transferred into the hands of a few, which further increases their control over everything.
When, in history, the money is created by the people for the people and thereby without interest there has always been prosperity. And where this has not been the case it was due to the organised subversion by counterfeiting at the hands of the banking system and power controllers.
The people have thereby created for themselves an enemy that is now more powerful than they are, and they are thus the masters of their own enslavement. Their enemy has now gained control of their lives and their minds, how they perceive their world and what they will or will not do.

Back in 2009...

Surmising the Americans cannot have a recovery and a truly strong dollar at the same time. As recovery gathers pace the only direction for interest rates is up (inflationary). Major currencies have been and still are competing for weakness. Quantitative easing devalues a currency, but this must still continue until jobs become self-generating. The ongoing carry trade will not suddenly decide to control itself, the supporting short-term interest rate differentials need to reduce, but how? World population is increasing by over 217000 per day (GeoHive). It is apparent that the smart money is looking for safety (+ growth) in gold and for investment in essential commodities. Gold is still the safest alternative for preservation of buying power going forward. Even when (if) the recovery commences there will then be inflation. The balance of sentiment of the carry trade operatives is controlling day-to-day market direction. Most of the mountain of money that shifted to bonds is still waiting to return to equities and is increasingly frustrated with negative real growth (less risk averse).

October 2010...

Slowly, slowly the impending future unfolds before us and the unwanted days of further reckoning draw ever closer.
A most unprecedented experiment is being played out, from which some may prosper, but many many more may become truly desperate and multiply the numbers of those that are indigent. The stakes are perilously high.
There is no choice here, QE is not optional - it is the only hope left for manageable peace during the passage.
This bid for reparation for the endless wrongful acts of the past generations of American leadership has absolutely no guarantee and affords only hope for a successful outcome against heavy odds.
This hope is almost analogous to a religious belief of everlasting life except that the beneficiaries are not intended to be restricted to the unquestioning and fearful or otherwise indoctrinated faithful.
Should we pray?