I think, top to bottom, everyone in or associated with the gov in D.C. should be replaced by people who know nothing about it.......they can start from scratch..........cowboyangel wrote:I just called Kucinich's office and left a message about my idea for him a to chair a Special Emergency Seminar on Alternative Solutions to the Financial Crisis. Hudson, Michel Chossudovsky, Dean Baker, Nouriel Rabini, Doug Henwood and others should participate. Have John Stewart host it fer Christs sake.
Screw the Banks and Investment Firms
-
ygmir
- Posts: 30403
- Joined: Thu Sep 20, 2007 8:36 pm
- Burning Since: 2007
- Camp Name: qqqq
- Location: nevada county
YGMIR
Unabashed Nordic
Pagan
Unabashed Nordic
Pagan
-
can't sit still
- Posts: 4645
- Joined: Tue Aug 23, 2005 4:21 pm
- Location: SoCal
Cowboy,,,, another great post. The position that GOV finds itself in now is that it's organizational system is just too archaic and too slow to respond to the real world. Not to mention,,,, too corrupt.
GOV is flinging lies in all directions to prove that it IS competent to run the show. Retarded analogies are not going to fly when the net gives voice to analysts who shoot holes in them within hours. GOV is trying harder and harder to prove to us that it is our "Pater Noster" and that we are all much off better if GOV is running the show.
While the economy is collapsing, GOV still demands that we trust it implicitly. Every day that goes by gives more evidence that GOV is both bought off and incompetent.
Newspapers are going down in flames. MSM is ridiculed for incompetence. The NET shoves a broomstick up GOV's ass every time GOV says something.
GOV is working hard to convince people who aren't listening.
I'm trying to do my share. I spend hundreds of hours reading. Then I spend hours more composing essays for publication. I try to capture a group of related ideas that will convey an important "truth". I try to convey one unassailable truth at a time.
If people can hold on to a complete logical idea, they won't be misled by BS.
A couple different people post my essays.
If you look at the stock market after 1929, it had several rallies for a couple of years. The banks tried to build up false hopes. The world today just moves too fast and there is just too much info-sharing. I don't expect to see much of a rally. Everyone knows that when the consumer is tapped out, business is not going to prosper.
The net just makes it so much harder to get people to swallow BS.
I love it.
GOV is flinging lies in all directions to prove that it IS competent to run the show. Retarded analogies are not going to fly when the net gives voice to analysts who shoot holes in them within hours. GOV is trying harder and harder to prove to us that it is our "Pater Noster" and that we are all much off better if GOV is running the show.
While the economy is collapsing, GOV still demands that we trust it implicitly. Every day that goes by gives more evidence that GOV is both bought off and incompetent.
Newspapers are going down in flames. MSM is ridiculed for incompetence. The NET shoves a broomstick up GOV's ass every time GOV says something.
GOV is working hard to convince people who aren't listening.
I'm trying to do my share. I spend hundreds of hours reading. Then I spend hours more composing essays for publication. I try to capture a group of related ideas that will convey an important "truth". I try to convey one unassailable truth at a time.
If people can hold on to a complete logical idea, they won't be misled by BS.
A couple different people post my essays.
If you look at the stock market after 1929, it had several rallies for a couple of years. The banks tried to build up false hopes. The world today just moves too fast and there is just too much info-sharing. I don't expect to see much of a rally. Everyone knows that when the consumer is tapped out, business is not going to prosper.
The net just makes it so much harder to get people to swallow BS.
I love it.
I don't post things because I believe that they are the absolute truth. I post them because I believe that they should be considered.
-
cowboyangel
- Posts: 6986
- Joined: Fri May 14, 2004 10:32 pm
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can't sit still
- Posts: 4645
- Joined: Tue Aug 23, 2005 4:21 pm
- Location: SoCal
Sorry, no link. I just send them off like discarded children. Hey, I watched your thermite conflagration,,, great ! One small suggestion; Thermite uses iron oxide and aluminum. The oxygen is locked up in the iron oxide. If you use something with available oxygen, the reaction moves along faster. The commonest source is highway flares. They have an over-abundance of oxydiser. If you want slow speed, you mix in aluminum filings. If you want to speed it up, mix in powdered aluminum from a paint supply store.... about 1/3 by weight.
Magnesium is an alternative if you want to brighten it up. We used to spend hours filing away on old Volkswagen engine cases. You end up with red flash powder. Don't confine it.
Back on topic, it does look convincing that the dollar will continue strong. Nobody has faith in their own currency,
http://www.moneyweek.com/investments/wh ... 14673.aspx
The ol dollar might just survive. The G-20 can't agree on anything. There just doesn't seem to be enough political will to dump the dollar. As long as investors buy treasuries, GOV can limp along.
I have this weird mental picture of billions in other currencies flowing into the FOREX until there is a dollar shortage. Then billions flow into long-term Treasury debt. At the same time, billions flow out to repay notes and service the interest to the FED.
This allows the US to accrue an even bigger deficit. Meanwhile, Obama gets all the funding that he wants. If Obama puts the money into infrastructure and replacing the carbon economy, we won't get much price inflation.
Of course, the stronger the dollar, the less manufacturing we will do.
It's a possibility but, my mind gets lost if I try to project any farther.
Magnesium is an alternative if you want to brighten it up. We used to spend hours filing away on old Volkswagen engine cases. You end up with red flash powder. Don't confine it.
Back on topic, it does look convincing that the dollar will continue strong. Nobody has faith in their own currency,
http://www.moneyweek.com/investments/wh ... 14673.aspx
The ol dollar might just survive. The G-20 can't agree on anything. There just doesn't seem to be enough political will to dump the dollar. As long as investors buy treasuries, GOV can limp along.
I have this weird mental picture of billions in other currencies flowing into the FOREX until there is a dollar shortage. Then billions flow into long-term Treasury debt. At the same time, billions flow out to repay notes and service the interest to the FED.
This allows the US to accrue an even bigger deficit. Meanwhile, Obama gets all the funding that he wants. If Obama puts the money into infrastructure and replacing the carbon economy, we won't get much price inflation.
Of course, the stronger the dollar, the less manufacturing we will do.
It's a possibility but, my mind gets lost if I try to project any farther.
I don't post things because I believe that they are the absolute truth. I post them because I believe that they should be considered.
-
cowboyangel
- Posts: 6986
- Joined: Fri May 14, 2004 10:32 pm
Shhhh. RR flares are an excellent thermite ignition source...got that from Mark Pauline, Survival Research Labs. Yeah confinement is well, explosive...kinda like packing the shit nano-sized into hollow 3" thick 18" x 36" tube steel columns!!! The fluff will last a little bit, until the shacky vehicle starts losing bolts and bearings and tie rods and seals...kinda like that....
"We'll know our disinformation program is complete when everything the American public believe is false."- William Casey, CIA Director 1981
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Elderberry
- Moderator
- Posts: 14976
- Joined: Tue Jul 17, 2007 10:00 pm
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- Contact:
Whether I agree with your POV or not, I commend you for actually taking the initiative to make your voice heard where it counts.cowboyangel wrote:I just called Kucinich's office and left a message about my idea for him a to chair a Special Emergency Seminar on Alternative Solutions to the Financial Crisis. Hudson, Michel Chossudovsky, Dean Baker, Nouriel Rabini, Doug Henwood and others should participate. Have John Stewart host it fer Christs sake.
JK
Elderberry
When I was a kid I used to pray every night for a new bicycle.
Then I realized that the Lord doesn't work that way so I stole one and asked Him to forgive me
When I was a kid I used to pray every night for a new bicycle.
Then I realized that the Lord doesn't work that way so I stole one and asked Him to forgive me
-
cowboyangel
- Posts: 6986
- Joined: Fri May 14, 2004 10:32 pm
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can't sit still
- Posts: 4645
- Joined: Tue Aug 23, 2005 4:21 pm
- Location: SoCal
This is a good article on responsible banking;
NORTH DAKOTA'S BANKING SYSTEM A ROLE MODEL FOR ALL STATES PDF Print E-mail
Thursday, 05 March 2009
By Ellen Brown author of "The Web of Debt"
[Local solutions, local control. On every level, the deepening financial collapse is demonstrating the demise of centralized systems of every kind and the dire need for community and neigborhood solutions.--CB]
Reprinted from PROGRESSIVE REVIEW UNDERNEWS
California [has] avoided bankruptcy for the time being, but 46 of 50 states are insolvents and could be filing Chapter 9 bankruptcy proceedings in the next two years.
One of the four states that is not insolvent is an unlikely candidate for the distinction - North Dakota. . .
What does the State of North Dakota have that other states don't? The answer seems to be: its own bank. In fact, North Dakota has the only state-owned bank in the nation. The state legislature established the Bank of North Dakota in 1919. Fleetham writes that the bank was set up to free farmers and small businessmen from the clutches of out-of-state bankers and railroad men. By law, the state must deposit all its funds in the bank, and the state guarantees its deposits. Three elected officials oversee the bank: the governor, the attorney general, and the commissioner of agriculture. The bank's stated mission is to deliver sound financial services that promote agriculture, commerce and industry in North Dakota. The bank operates as a bankers' bank, partnering with private banks to loan money to farmers, real estate developers, schools and small businesses. It loans money to students (over 184,000 outstanding loans), and it purchases municipal bonds from public institutions.
Still, you may ask, how does that solve the solvency problem? Isn't the state still limited to spending only the money it has? The answer is no. Certified, card-carrying bankers are allowed to do something nobody else can do: they can create "credit" with accounting entries on their books.
Under the "fractional reserve" lending system, banks are allowed to extend credit (create money as loans) in a sum equal to many times their deposit base. Congressman Jerry Voorhis, writing in 1973, explained it like this:
"For every $1 or $1.50 which people - or the government - deposit in a bank, the banking system can create out of thin air and by the stroke of a pen some $10 of checkbook money or demand deposits. It can lend all that $10 into circulation at interest just so long as it has the $1 or a little more in reserve to back it up."
That banks actually create money with accounting entries was confirmed in a revealing booklet published by the Chicago Federal Reserve titled Modern Money Mechanics. . . On page 49 of the 1992 edition, it states:
"With a uniform 10 percent reserve requirement, a $1 increase in reserves would support $10 of additional transaction accounts [loans created as deposits in borrowers' accounts]."
The 10 percent reserve requirement is now largely obsolete, in part because banks have figured out how to get around it with such devices as "overnight sweeps." What chiefly limits bank lending today is the 8 percent capital requirement imposed by the Bank for International Settlements, the head of the private global central banking system in Basel, Switzerland.
With an 8 percent capital requirement, a state with its own bank could fan its revenues into 12.5 times their face value in loans. And since the state would actually own the bank, it would not have to worry about shareholders or profits. It could lend to creditworthy borrowers at very low interest, perhaps limited only to a service charge covering its costs; and it could lend to itself or to its municipal governments at as low as zero percent interest. If these loans were rolled over indefinitely, the effect would be the same as creating new, debt-free money.
Dangerously inflationary? Not if the money were used to create new goods and services. Price inflation results only when "demand" (money) exceeds "supply" (goods and services). When they increase together, prices remain stable.
Today we are in a dangerous deflationary spiral, as lending has dried up and asset values have plummeted. The monopoly on the creation of money and credit by a private banking fraternity has resulted in a malfunctioning credit system and monetary collapse. Credit markets have been frozen by the wildly speculative derivatives gambles of a few big Wall Street banks, bets that not only destroyed those banks' balance sheets but are infecting the whole private banking system with toxic debris. To get out of this deflationary debt trap requires an injection of new, debt-free money into the economy, something that can best be done through a system of public banks dedicated to serving the public interest, administering credit as a public utility. . .
Credit is merely a legal agreement, a "monetization" of future proceeds, a promise to pay later from the fruits of the advance. Banks have created credit on their books for hundreds of years, and this system would have worked quite well had it not been for the enormous tribute siphoned off to private coffers in the form of interest. A public banking system could overcome that problem by returning the interest to the public purse. This is the sort of banking system that was pioneered in the colony of Pennsylvania, where it worked brilliantly well.
Among other advantages to a state of owning its own bank are the substantial sums it could save in interest. As Fleetham notes of his own ailing state of Michigan:
"According to recent financial reports (available online), the State of Michigan, the City of Detroit, the Detroit Water and Sewerage Department, the Wayne County Airport, the Detroit Public Schools, the University of Michigan, and Michigan State University pay over $800 million a year in interest on long term debt. If you add interest paid by Michigan cities, school districts, and public utilities, the cost to our taxpayers easily tops a billion a year. What does Wall Street do with our billion plus dollars? They decorate their offices like kings."
Interestingly, the projected state budget deficit for 2009 is also $1 billion. If Michigan did not have to pay over a billion dollars in interest to Wall Street, the budget could be balanced and the state could be restored to solvency. A state-owned bank could not only provide interest-free credit for the state but could actually generate revenues for it. Fleetham notes that in 2007, the Bank of North Dakota earned a net profit of $51 million on a loan volume of $2 billion. He comments:
"Last year, Michigan citizens paid over $5 billion dollars in personal income tax. With a state bank like North Dakota's we could reduce this burden, fund new businesses, and restore our crumbling water and sewer systems. And we don't have to feel sorry about Wall Street losing our business. They didn't 'earn' the money they lent us. They created it in computers and charged us interest to boot. Let's follow North Dakota's lead and get free from Wall Street's web."
As Gandhi said, "When the people lead, the leaders will follow." We the people can beat the Wall Street bankers at their own game, by moving our legislators to set up publicly-owned banks that create credit using the same banking principles that are accepted as standard and usual in the trade by bankers themselves.
Last Updated ( Thursday, 05 March 2009 )
New Hampshire
A group in the US State of New Hampshire is becoming more vocal in its fight for independence. They believe the federal government has overstepped its role and intruded upon their states' rights.
A group calling themselves the Free State Project says the only option is to let states govern themselves and set their own rules – much they already do on issues like firearm legislation.
New Hampshire is one of the places with the most liberal laws in the country, but now it's in a fight for even more independence. There are about 1.3 million people living in New Hampshire. The goal of the Free State Project is to attract 20,000 people to its cause within ten years time.
They don't want Washington making decisions for them any more.
Read more
Some prominent figures have spoken out and criticized the recent operations of the government:
"The federal government is assuming powers that weren't delegated to it. It is already acting to destroy the economy of the United States. It is going to devalue our currency, it is further corrupting domestic policies of the states, motivating them to do things they would not do naturally, except for being bribed with the people's money," said State Representative Dan Itse.
"If anything is going to cause the dissolution of the United States, it's the stimulus package and the excessive spending of the federal government," he added.
Chris Lawless used to work for the government, but he got fed up and quit. Now, he lives in New Hampshire with his wife and three children. Chris said the US Government is incompetent, and he has no illusions about the promises of change:
"The federal government doesn't follow its own rules. There are countless laws that break the constitution and yet they don't seem to care that they've broken these laws. Obama hasn't broken that many laws yet, but he is about to. Just because he is charismatic and well-spoken, that does not make a great leader, it makes great TV," said Lawless, who is a member of the Free State Project.
Chris says the country would be much better off if each state decided its own needs. That way, when the government makes a mistake, the entire country doesn't have to suffer, as is happening now in the turmoil of the current economic catastrophe.
"We always say that we're free – the land of the free. And we're spreading democracy. A lot of times some other countries are freer. There are decisions being made in Washington that affect our lives that they have no business making," said Lawless.
New Hampshire is also one place in America where it is legal to carry a gun. Liberty activists make sure they exploit that right to the fullest. When asked why one activist was carrying a gun he responded: "For the same reason I have an airbag in my car, a fire extinguisher in my kitchen, and a smoke alarm in my house."
The slogan of New Hampshire is 'live free or die'. With the ambitions of members and supporters of the Free State Project, the term 'freedom' in America is taking on a whole new meaning.
Last Updated ( Monday, 16 March 2009 )
More with Alaska and Nevada...
http://desiebenthal.blogspot.com/2009/0 ... w-new.html
--
Avec mes meilleures salutations.
François de Siebenthal
14, ch. des Roches
CH 1010 Lausanne
Suisse, Switzerland
Jean-Paul II a notamment comparé le rapport sexuel chaste entre les époux chrétiens à l'adoration eucharistique. Marie est la Mère de Jésus, c'est l'épouse du St Esprit et c'est la fille de Dieu le Père. Pour Amédée de Lausanne, l' union spirituelle du St Esprit lors de la fécondation de Marie, passe par sa chair et s'accomplit selon les mêmes principes que l'acte charnel : "Homélies", III : "Spiritus sanctus superveniet in te, ut attactu eius venter tuus contremiscat, uterus intumescat, gaudeat animus, floreat alvus".
Les catholiques ne sont pas coincés...
Admiration.
http://www.union-ch.com/file/portrait.wmv
http://aimerplus.com/
à faire circuler largement, merci, le monde est déjà meilleur grâce à ce simple geste de solidarité.
Krach ? Solutions...
Local Exchange Systems in 5 languages
www.easyswap.ch
http://pavie.ch/?lng=en
http://michaeljournal.org
http://desiebenthal.blogspot.com/
http://ferraye.blogspot.com/
skype siebenthal
00 41 21 652 54 83
021 652 55 03 FAX: 652 54 11
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http://non-tridel-dioxines.com/
http://m-c-s.ch et www.pavie.ch
http://ktotv.com/
Please, subscribe to be kept informed.
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NORTH DAKOTA'S BANKING SYSTEM A ROLE MODEL FOR ALL STATES PDF Print E-mail
Thursday, 05 March 2009
By Ellen Brown author of "The Web of Debt"
[Local solutions, local control. On every level, the deepening financial collapse is demonstrating the demise of centralized systems of every kind and the dire need for community and neigborhood solutions.--CB]
Reprinted from PROGRESSIVE REVIEW UNDERNEWS
California [has] avoided bankruptcy for the time being, but 46 of 50 states are insolvents and could be filing Chapter 9 bankruptcy proceedings in the next two years.
One of the four states that is not insolvent is an unlikely candidate for the distinction - North Dakota. . .
What does the State of North Dakota have that other states don't? The answer seems to be: its own bank. In fact, North Dakota has the only state-owned bank in the nation. The state legislature established the Bank of North Dakota in 1919. Fleetham writes that the bank was set up to free farmers and small businessmen from the clutches of out-of-state bankers and railroad men. By law, the state must deposit all its funds in the bank, and the state guarantees its deposits. Three elected officials oversee the bank: the governor, the attorney general, and the commissioner of agriculture. The bank's stated mission is to deliver sound financial services that promote agriculture, commerce and industry in North Dakota. The bank operates as a bankers' bank, partnering with private banks to loan money to farmers, real estate developers, schools and small businesses. It loans money to students (over 184,000 outstanding loans), and it purchases municipal bonds from public institutions.
Still, you may ask, how does that solve the solvency problem? Isn't the state still limited to spending only the money it has? The answer is no. Certified, card-carrying bankers are allowed to do something nobody else can do: they can create "credit" with accounting entries on their books.
Under the "fractional reserve" lending system, banks are allowed to extend credit (create money as loans) in a sum equal to many times their deposit base. Congressman Jerry Voorhis, writing in 1973, explained it like this:
"For every $1 or $1.50 which people - or the government - deposit in a bank, the banking system can create out of thin air and by the stroke of a pen some $10 of checkbook money or demand deposits. It can lend all that $10 into circulation at interest just so long as it has the $1 or a little more in reserve to back it up."
That banks actually create money with accounting entries was confirmed in a revealing booklet published by the Chicago Federal Reserve titled Modern Money Mechanics. . . On page 49 of the 1992 edition, it states:
"With a uniform 10 percent reserve requirement, a $1 increase in reserves would support $10 of additional transaction accounts [loans created as deposits in borrowers' accounts]."
The 10 percent reserve requirement is now largely obsolete, in part because banks have figured out how to get around it with such devices as "overnight sweeps." What chiefly limits bank lending today is the 8 percent capital requirement imposed by the Bank for International Settlements, the head of the private global central banking system in Basel, Switzerland.
With an 8 percent capital requirement, a state with its own bank could fan its revenues into 12.5 times their face value in loans. And since the state would actually own the bank, it would not have to worry about shareholders or profits. It could lend to creditworthy borrowers at very low interest, perhaps limited only to a service charge covering its costs; and it could lend to itself or to its municipal governments at as low as zero percent interest. If these loans were rolled over indefinitely, the effect would be the same as creating new, debt-free money.
Dangerously inflationary? Not if the money were used to create new goods and services. Price inflation results only when "demand" (money) exceeds "supply" (goods and services). When they increase together, prices remain stable.
Today we are in a dangerous deflationary spiral, as lending has dried up and asset values have plummeted. The monopoly on the creation of money and credit by a private banking fraternity has resulted in a malfunctioning credit system and monetary collapse. Credit markets have been frozen by the wildly speculative derivatives gambles of a few big Wall Street banks, bets that not only destroyed those banks' balance sheets but are infecting the whole private banking system with toxic debris. To get out of this deflationary debt trap requires an injection of new, debt-free money into the economy, something that can best be done through a system of public banks dedicated to serving the public interest, administering credit as a public utility. . .
Credit is merely a legal agreement, a "monetization" of future proceeds, a promise to pay later from the fruits of the advance. Banks have created credit on their books for hundreds of years, and this system would have worked quite well had it not been for the enormous tribute siphoned off to private coffers in the form of interest. A public banking system could overcome that problem by returning the interest to the public purse. This is the sort of banking system that was pioneered in the colony of Pennsylvania, where it worked brilliantly well.
Among other advantages to a state of owning its own bank are the substantial sums it could save in interest. As Fleetham notes of his own ailing state of Michigan:
"According to recent financial reports (available online), the State of Michigan, the City of Detroit, the Detroit Water and Sewerage Department, the Wayne County Airport, the Detroit Public Schools, the University of Michigan, and Michigan State University pay over $800 million a year in interest on long term debt. If you add interest paid by Michigan cities, school districts, and public utilities, the cost to our taxpayers easily tops a billion a year. What does Wall Street do with our billion plus dollars? They decorate their offices like kings."
Interestingly, the projected state budget deficit for 2009 is also $1 billion. If Michigan did not have to pay over a billion dollars in interest to Wall Street, the budget could be balanced and the state could be restored to solvency. A state-owned bank could not only provide interest-free credit for the state but could actually generate revenues for it. Fleetham notes that in 2007, the Bank of North Dakota earned a net profit of $51 million on a loan volume of $2 billion. He comments:
"Last year, Michigan citizens paid over $5 billion dollars in personal income tax. With a state bank like North Dakota's we could reduce this burden, fund new businesses, and restore our crumbling water and sewer systems. And we don't have to feel sorry about Wall Street losing our business. They didn't 'earn' the money they lent us. They created it in computers and charged us interest to boot. Let's follow North Dakota's lead and get free from Wall Street's web."
As Gandhi said, "When the people lead, the leaders will follow." We the people can beat the Wall Street bankers at their own game, by moving our legislators to set up publicly-owned banks that create credit using the same banking principles that are accepted as standard and usual in the trade by bankers themselves.
Last Updated ( Thursday, 05 March 2009 )
New Hampshire
A group in the US State of New Hampshire is becoming more vocal in its fight for independence. They believe the federal government has overstepped its role and intruded upon their states' rights.
A group calling themselves the Free State Project says the only option is to let states govern themselves and set their own rules – much they already do on issues like firearm legislation.
New Hampshire is one of the places with the most liberal laws in the country, but now it's in a fight for even more independence. There are about 1.3 million people living in New Hampshire. The goal of the Free State Project is to attract 20,000 people to its cause within ten years time.
They don't want Washington making decisions for them any more.
Read more
Some prominent figures have spoken out and criticized the recent operations of the government:
"The federal government is assuming powers that weren't delegated to it. It is already acting to destroy the economy of the United States. It is going to devalue our currency, it is further corrupting domestic policies of the states, motivating them to do things they would not do naturally, except for being bribed with the people's money," said State Representative Dan Itse.
"If anything is going to cause the dissolution of the United States, it's the stimulus package and the excessive spending of the federal government," he added.
Chris Lawless used to work for the government, but he got fed up and quit. Now, he lives in New Hampshire with his wife and three children. Chris said the US Government is incompetent, and he has no illusions about the promises of change:
"The federal government doesn't follow its own rules. There are countless laws that break the constitution and yet they don't seem to care that they've broken these laws. Obama hasn't broken that many laws yet, but he is about to. Just because he is charismatic and well-spoken, that does not make a great leader, it makes great TV," said Lawless, who is a member of the Free State Project.
Chris says the country would be much better off if each state decided its own needs. That way, when the government makes a mistake, the entire country doesn't have to suffer, as is happening now in the turmoil of the current economic catastrophe.
"We always say that we're free – the land of the free. And we're spreading democracy. A lot of times some other countries are freer. There are decisions being made in Washington that affect our lives that they have no business making," said Lawless.
New Hampshire is also one place in America where it is legal to carry a gun. Liberty activists make sure they exploit that right to the fullest. When asked why one activist was carrying a gun he responded: "For the same reason I have an airbag in my car, a fire extinguisher in my kitchen, and a smoke alarm in my house."
The slogan of New Hampshire is 'live free or die'. With the ambitions of members and supporters of the Free State Project, the term 'freedom' in America is taking on a whole new meaning.
Last Updated ( Monday, 16 March 2009 )
More with Alaska and Nevada...
http://desiebenthal.blogspot.com/2009/0 ... w-new.html
--
Avec mes meilleures salutations.
François de Siebenthal
14, ch. des Roches
CH 1010 Lausanne
Suisse, Switzerland
Jean-Paul II a notamment comparé le rapport sexuel chaste entre les époux chrétiens à l'adoration eucharistique. Marie est la Mère de Jésus, c'est l'épouse du St Esprit et c'est la fille de Dieu le Père. Pour Amédée de Lausanne, l' union spirituelle du St Esprit lors de la fécondation de Marie, passe par sa chair et s'accomplit selon les mêmes principes que l'acte charnel : "Homélies", III : "Spiritus sanctus superveniet in te, ut attactu eius venter tuus contremiscat, uterus intumescat, gaudeat animus, floreat alvus".
Les catholiques ne sont pas coincés...
Admiration.
http://www.union-ch.com/file/portrait.wmv
http://aimerplus.com/
à faire circuler largement, merci, le monde est déjà meilleur grâce à ce simple geste de solidarité.
Krach ? Solutions...
Local Exchange Systems in 5 languages
www.easyswap.ch
http://pavie.ch/?lng=en
http://michaeljournal.org
http://desiebenthal.blogspot.com/
http://ferraye.blogspot.com/
skype siebenthal
00 41 21 652 54 83
021 652 55 03 FAX: 652 54 11
CCP 10-35366-2
http://non-tridel-dioxines.com/
http://m-c-s.ch et www.pavie.ch
http://ktotv.com/
Please, subscribe to be kept informed.
Un abonnement nous encourage. Pour la Suisse, 5 numéros par année de 16 pages par parution: le prix modique de l'abonnement est de 16 Sfr.- par année (envois prioritaires)
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I don't post things because I believe that they are the absolute truth. I post them because I believe that they should be considered.
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cowboyangel
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Sounds like a good idea and close to what Ralph Nader was suggesting by way of energizing or modeling a banking system after the credit union structure. Dandelionsalad has the whole Nader text.
We gotta start having another dialogue in this country and fast. There are many good people in banking and finance who aren't being heard. I'll try Kucinich again or maybe my rep, Lynn Woolsey.
We gotta start having another dialogue in this country and fast. There are many good people in banking and finance who aren't being heard. I'll try Kucinich again or maybe my rep, Lynn Woolsey.
"We'll know our disinformation program is complete when everything the American public believe is false."- William Casey, CIA Director 1981
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cowboyangel
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Why Cry Over 135 MILLION When It's The BILLIONS BABY!!!!!!!!!
The Real AIG Conspiracy by Prof. Michael Hudson
Posted on March 19, 2009 by dandelionsalad
Dandelion Salad
by Prof. Michael Hudson
Global Research, March 18, 2009
It may seem odd, but the public outrage against $135 million in AIG bonuses is a godsend to Wall Street, AID scoundrels included. How can the media be so preoccupied with the discovery that there is self-serving greed to be found in the financial sector? Every TV channel and every newspaper in the country, from right to left, have made these bonuses the lead story over the past two days.
What is wrong with this picture? Is there not something over-inflated about the outrage led most vociferously by Senator Charles Schumer and Rep. Barney Frank, the two leading shills for the bank giveaways over the past year? And does Pres. Obama perhaps find it convenient that finally, at long last, he has been able to criticize something that he believes Wall Street has done wrong? Even the Wall Street Journal has gotten into the act. The government’s takeover of AIG, it pointed out, “uses the firm as a conduit to bail out other institutions.â€
The Real AIG Conspiracy by Prof. Michael Hudson
Posted on March 19, 2009 by dandelionsalad
Dandelion Salad
by Prof. Michael Hudson
Global Research, March 18, 2009
It may seem odd, but the public outrage against $135 million in AIG bonuses is a godsend to Wall Street, AID scoundrels included. How can the media be so preoccupied with the discovery that there is self-serving greed to be found in the financial sector? Every TV channel and every newspaper in the country, from right to left, have made these bonuses the lead story over the past two days.
What is wrong with this picture? Is there not something over-inflated about the outrage led most vociferously by Senator Charles Schumer and Rep. Barney Frank, the two leading shills for the bank giveaways over the past year? And does Pres. Obama perhaps find it convenient that finally, at long last, he has been able to criticize something that he believes Wall Street has done wrong? Even the Wall Street Journal has gotten into the act. The government’s takeover of AIG, it pointed out, “uses the firm as a conduit to bail out other institutions.â€
"We'll know our disinformation program is complete when everything the American public believe is false."- William Casey, CIA Director 1981
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Ugly Dougly
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cowboyangel
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Originally published in 2007, Dr. Ellen Brown's book "Web of Debt" contains some important facts and suggestions: Here's a short list:
The following chapters track the web of deceit that has engulfed us in debt, and present a simple solution that could make the country solvent once again. It is not a new solution but dates back to the Constitution: the power to create money needs to be returned to the government and the people it represents. The federal debt could be paid, income taxes could be eliminated, and social programs could be expanded; and this could all be done without imposing austerity measures on the people or sparking runaway inflation. Utopian as that may sound, it represents the thinking of some of America’s brightest and best, historical and contemporary, including Abraham Lincoln, Thomas Jefferson and Benjamin Franklin. Among other arresting facts explored in this book are that:
* The “Federalâ€
The following chapters track the web of deceit that has engulfed us in debt, and present a simple solution that could make the country solvent once again. It is not a new solution but dates back to the Constitution: the power to create money needs to be returned to the government and the people it represents. The federal debt could be paid, income taxes could be eliminated, and social programs could be expanded; and this could all be done without imposing austerity measures on the people or sparking runaway inflation. Utopian as that may sound, it represents the thinking of some of America’s brightest and best, historical and contemporary, including Abraham Lincoln, Thomas Jefferson and Benjamin Franklin. Among other arresting facts explored in this book are that:
* The “Federalâ€
"We'll know our disinformation program is complete when everything the American public believe is false."- William Casey, CIA Director 1981
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littleflower
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then the loan industry will eventually look like the post office?cowboyangel wrote: * There is a way out of this morass. The early American colonists found it, and so did Abraham Lincoln and some other national leaders: the government can take back the money-issuing power from the banks. (Chapters 8 and 24)
i do not understand why anyone should think the government can do anything better than groups of hard-working, success-oriented individuals ... or that government employees would be any less likely to be greedy and corrupt than anyone else.
the government doesn't need to earn a profit, doesn't have investors watching them, don't have disclosure requirements. the taxpayer will probably end up paying for their losses, caused by inefficiency and waste ... while dealing with a decrease in service.
and no, i don't have any better ideas!
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cowboyangel
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That is a right wing fallacy often made. Can you imagine the Navy being run by a private for profit business? or the Coast Guard? Rescues to the highest bidder?.... The current model not only doesn't work, it is enslaving us to generation of interest payments to banks who don't give a shit about the little people.
"We'll know our disinformation program is complete when everything the American public believe is false."- William Casey, CIA Director 1981
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littleflower
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are you so certain that the government cares about the little people? they say they do, that's how they get elected ... but do they, really? some do, certainly ... but so do a lot of business people and investors. and please try to remember that a lot of little people have a stake in the profit of these corporations ... especially those of us who do not trust the government to be there when we are old...cowboyangel wrote:That is a right wing fallacy often made. Can you imagine the Navy being run by a private for profit business? or the Coast Guard? Rescues to the highest bidder?.... The current model not only doesn't work, it is enslaving us to generation of interest payments to banks who don't give a shit about the little people.
what i mostly see when i look at government is too much waste and gross inefficiency.
nor do i believe everything i read. i am no expert on banking, but i do know that there is no consensus on the solutions to these problems. i also question your sources ... and am endlessly amused by the way you and cantsitstill go back and forth between castigating the government, and wanting to increase its power...
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Elderberry
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Your arguments/observations would have been a lot more meaningful before AIG, et.al. --all a group of 'success-oriented, hard-working individuals.littleflower wrote:then the loan industry will eventually look like the post office?cowboyangel wrote: * There is a way out of this morass. The early American colonists found it, and so did Abraham Lincoln and some other national leaders: the government can take back the money-issuing power from the banks. (Chapters 8 and 24)
i do not understand why anyone should think the government can do anything better than groups of hard-working, success-oriented individuals ... or that government employees would be any less likely to be greedy and corrupt than anyone else.
the government doesn't need to earn a profit, doesn't have investors watching them, don't have disclosure requirements. the taxpayer will probably end up paying for their losses, caused by inefficiency and waste ... while dealing with a decrease in service.
and no, i don't have any better ideas!
JK
Elderberry
When I was a kid I used to pray every night for a new bicycle.
Then I realized that the Lord doesn't work that way so I stole one and asked Him to forgive me
When I was a kid I used to pray every night for a new bicycle.
Then I realized that the Lord doesn't work that way so I stole one and asked Him to forgive me
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ygmir
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yeah, like:
"We're from the government, and, we're here to help".........
yikes.
it's interesting how many folks want to look to the gov. for rescue.....or freebies, or, a nipple to suckle at.........
help me, mommy............big brother..........
trade security for freedom?
not me...........
who wants "womb to the tomb" gov. protection?..........
that's what so many are allowing to grow..........
Maybe a theme song?
"the ants go marching two my two, hoorah, hoorah.........."..
"We're from the government, and, we're here to help".........
yikes.
it's interesting how many folks want to look to the gov. for rescue.....or freebies, or, a nipple to suckle at.........
help me, mommy............big brother..........
trade security for freedom?
not me...........
who wants "womb to the tomb" gov. protection?..........
that's what so many are allowing to grow..........
Maybe a theme song?
"the ants go marching two my two, hoorah, hoorah.........."..
YGMIR
Unabashed Nordic
Pagan
Unabashed Nordic
Pagan
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littleflower
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Elderberry
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No.littleflower wrote:are you suggesting that all "success-oriented, hard-working individuals" are greedy assholes, JK?jkisha wrote:
Your arguments/observations would have been a lot more meaningful before AIG, et.al. --all a group of 'success-oriented, hard-working individuals.
JK
JK
Elderberry
When I was a kid I used to pray every night for a new bicycle.
Then I realized that the Lord doesn't work that way so I stole one and asked Him to forgive me
When I was a kid I used to pray every night for a new bicycle.
Then I realized that the Lord doesn't work that way so I stole one and asked Him to forgive me
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littleflower
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well ... what did you mean, then? you really do think obama will fix the greed problem? greed ... hasn't it always been a problem???jkisha wrote:No.littleflower wrote:are you suggesting that all "success-oriented, hard-working individuals" are greedy assholes, JK?jkisha wrote:
Your arguments/observations would have been a lot more meaningful before AIG, et.al. --all a group of 'success-oriented, hard-working individuals.
JK
JK
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Elderberry
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Geeze, the man's (Obama) not dog for goodness sake! All I'm saying is I just wish everybody would quit their crying and complaining, give the guy a chance and get with the fucking program already. Hell, it can't be any worse than anything I can remember in our history.littleflower wrote:well ... what did you mean, then? you really do think obama will fix the greed problem? greed ... hasn't it always been a problem???jkisha wrote:No.littleflower wrote: are you suggesting that all "success-oriented, hard-working individuals" are greedy assholes, JK?
JK
Just everybody quit your wining and complaining, get with the program, if you don't like it after you've all given it the old college try for four years, then boot him out of office then.
JK
Elderberry
When I was a kid I used to pray every night for a new bicycle.
Then I realized that the Lord doesn't work that way so I stole one and asked Him to forgive me
When I was a kid I used to pray every night for a new bicycle.
Then I realized that the Lord doesn't work that way so I stole one and asked Him to forgive me
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cowboyangel
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- Joined: Fri May 14, 2004 10:32 pm
Obama is part of the problem and day by day he is making himself part of a much bigger problem. Government has proven itself ill equipt to meaningfully deal with the problem. It was the enabling force, through deregulations, lack of oversight and corruption that led to this mess. It is clear now, that powerful financial forces run things and they will destroy the dollar, the American working people and what's left of the environment to maintain their control over everything. There is a bigger world out there however, many nations. These will not go down without taking the US economy with them. Insurrection is inevitable I'm afraid. That will happen because we Americans have grown chronically used to our "way of life". Signs of stress are starting to appear everywhere now. Either Obama realizes this and is proceeding with more bailouts and money printing to delay the inevitable, or he's an educated fool who really believes the lies his banking advisers are telling him.
Consider this piece from dandelionsalad's Josh Sidman:
There’s a lot that doesn’t make sense about the economy these days. The situation is so mind-numbing that an increasing number of Americans seem to be opting to simply ignore it all in the hopes that it just goes away. Most people I know have stopped looking at their account statements, and “bailout fatigueâ€
Consider this piece from dandelionsalad's Josh Sidman:
There’s a lot that doesn’t make sense about the economy these days. The situation is so mind-numbing that an increasing number of Americans seem to be opting to simply ignore it all in the hopes that it just goes away. Most people I know have stopped looking at their account statements, and “bailout fatigueâ€
"We'll know our disinformation program is complete when everything the American public believe is false."- William Casey, CIA Director 1981
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cowboyangel
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JKisha, I don't think we have 4 years to wait and see. I think it's politically immature to expect the big new daddy in the white house to solve our problems while we sit back and watch Rome burn. And burn it will. You heard it here.
"We'll know our disinformation program is complete when everything the American public believe is false."- William Casey, CIA Director 1981
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littleflower
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i have little doubt, somehow, that if everything starts running smoothly again, you will still find plenty of reason to predict doom and gloom and disaster.cowboyangel wrote:JKisha, I don't think we have 4 years to wait and see. I think it's politically immature to expect the big new daddy in the white house to solve our problems while we sit back and watch Rome burn. And burn it will. You heard it here.
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Elderberry
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I agree with littleflower on this one; but we are both now on record, so we'll see.littleflower wrote:i have little doubt, somehow, that if everything starts running smoothly again, you will still find plenty of reason to predict doom and gloom and disaster.cowboyangel wrote:JKisha, I don't think we have 4 years to wait and see. I think it's politically immature to expect the big new daddy in the white house to solve our problems while we sit back and watch Rome burn. And burn it will. You heard it here.
JK
Elderberry
When I was a kid I used to pray every night for a new bicycle.
Then I realized that the Lord doesn't work that way so I stole one and asked Him to forgive me
When I was a kid I used to pray every night for a new bicycle.
Then I realized that the Lord doesn't work that way so I stole one and asked Him to forgive me
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can't sit still
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Cowboy, the really interesting part is the attempts at inflation. GOV has proved that you can have currency inflation without having price inflation. GOV has created $ trillions but, it is locked up in the financial system. GOV not only wants to create price inflation, It wants to maintain a wage freeze to hopefully keep America at a globally competitive wage standard.
So, while GOV is mightily fighting deflation which it REALLY hates, It works to cause price inflation but negates wage inflation. So, the people refuse to place any confidence in the economy. Helicopter Ben said that he could drop "money" from helicopters. When it gets right down to the nitty-gritty, he'll drop it into banks from helicopters but, not to consumers. They are willing to loan the money but, there aren't yet any meaningful attempts to actually infuse it into the economy.
I suspect that GOV's efforts at fighting deflation are doomed to failure. They may eventually get price inflation but, I don't believe that any bit of tinkering will get RE prices up. I seriously doubt that GOV can get asset prices inflated when the P/E is so bad.
As long as the job losses continue, GOV can't get consumers to spend. It's the classic "death spiral"
We're getting close to 700,000 jobs lost a month. I just don't see how GOV can turn around deflation, no matter how much money it prints.
The banks are on a death march,,,, nothing more. Residential RE was 23 % of the mortgage market. The collapse completely broke the banks. GOV bailed them.
Retail and commercial is 44 % of the market. That's going off a cliff. I seriously doubt that GOV can bail the banks when that crashes in the next several months. With the consume economy accounting for 76 % of the economy, I don't see retail and commercial surviving as long as the consumer is on strike.
We had decades to build up mal-investment. The correction is going to be much swifter.
GOV will throw trillions and trillions to keep Mr. market from doing accurate price discovery.... futile in the end.
Dan
So, while GOV is mightily fighting deflation which it REALLY hates, It works to cause price inflation but negates wage inflation. So, the people refuse to place any confidence in the economy. Helicopter Ben said that he could drop "money" from helicopters. When it gets right down to the nitty-gritty, he'll drop it into banks from helicopters but, not to consumers. They are willing to loan the money but, there aren't yet any meaningful attempts to actually infuse it into the economy.
I suspect that GOV's efforts at fighting deflation are doomed to failure. They may eventually get price inflation but, I don't believe that any bit of tinkering will get RE prices up. I seriously doubt that GOV can get asset prices inflated when the P/E is so bad.
As long as the job losses continue, GOV can't get consumers to spend. It's the classic "death spiral"
We're getting close to 700,000 jobs lost a month. I just don't see how GOV can turn around deflation, no matter how much money it prints.
The banks are on a death march,,,, nothing more. Residential RE was 23 % of the mortgage market. The collapse completely broke the banks. GOV bailed them.
Retail and commercial is 44 % of the market. That's going off a cliff. I seriously doubt that GOV can bail the banks when that crashes in the next several months. With the consume economy accounting for 76 % of the economy, I don't see retail and commercial surviving as long as the consumer is on strike.
We had decades to build up mal-investment. The correction is going to be much swifter.
GOV will throw trillions and trillions to keep Mr. market from doing accurate price discovery.... futile in the end.
Dan
I don't post things because I believe that they are the absolute truth. I post them because I believe that they should be considered.
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cowboyangel
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It's not that I'm being pessimistic as much as I'm saying that the people we should have been listening to years before the collapse were not invited into the public media round table nor were they ever given the serious consideration they merited from government. The closest that anyone came to that, is Dennis Kucinich with his economic adviser, Dr. Michael Hudson. Hudson was predicting the housing bubble collapse for over a year before it happened. There were others as well. When viable economic alternative views are strangled out of the public dialogue, we have what we now have- a dangerous mess. If any of you believe Obama as much as you profess, then why not write to him at the White House and ask him yourselves about the dangers of printing more money, for instance, or you might ask him why in addition to bailing out banks , we have to pay interest on the money we loan them.
Democracy doesn't work unless we constantly ask questions and agitate for the truth.
Democracy doesn't work unless we constantly ask questions and agitate for the truth.
"We'll know our disinformation program is complete when everything the American public believe is false."- William Casey, CIA Director 1981
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littleflower
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cowboy, i think a lot of people saw it coming, including me, actually ... it was a regular subject with my financial whiz of a carpool buddy on our drives home from work for at least a year. i know people who live in riverside county, they knew all about people flipping houses. a lot of republicans saw it coming and tried to do something, including john mccain... and a lot of my republican friends are wondering why there are no investigations of people like chris dodd, barney frank, and franklin raines. it was obvious that funny money was involved ... it was just hard to believe that banks were making crazy loans.
i agree with you about many things. including an inevitable drop in our standard of living... possibly because it won't affect me, much. i hope these people who make ridiculous amounts of money ... including movie stars and producers and other entertainment types .... start realizing how absurd their incomes are. i find it insane that the workers get little or nothing, while some executive gets a 25 million dollar bonus. but, who knows. i still don't think the situation is as desperate as you and CSS like to make it, not even close. while we are all going on the record with predictions, i'd like to predict *nothing*! an massive earthquake or nuclear explosion or something could really screw up an already screwed economy. it could be as bad as you say. who knows, for sure? experts out there are predicting all kinds of stuff. i am, by nature, an optimist, and i am prepared to deal with anything, except, perhaps, sitting at a desk for another 25 years. i'll leave it at that ...
i agree with you about many things. including an inevitable drop in our standard of living... possibly because it won't affect me, much. i hope these people who make ridiculous amounts of money ... including movie stars and producers and other entertainment types .... start realizing how absurd their incomes are. i find it insane that the workers get little or nothing, while some executive gets a 25 million dollar bonus. but, who knows. i still don't think the situation is as desperate as you and CSS like to make it, not even close. while we are all going on the record with predictions, i'd like to predict *nothing*! an massive earthquake or nuclear explosion or something could really screw up an already screwed economy. it could be as bad as you say. who knows, for sure? experts out there are predicting all kinds of stuff. i am, by nature, an optimist, and i am prepared to deal with anything, except, perhaps, sitting at a desk for another 25 years. i'll leave it at that ...
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cowboyangel
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..and this is why I continue to post here, because crazy as it is and sometimes rudderless, the Burning Man community is a model for sharing, caring and incorporating fun into the equation, and Christ are we gonna need plenty of that.
"We'll know our disinformation program is complete when everything the American public believe is false."- William Casey, CIA Director 1981
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DVD Burner
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