Written by Jeff Nielson Thursday, 08 December 2011 13:34
The U.S. is more fundamentally insolvent than Greece, yet Greek interest rates are fifty times higher than those of the U.S. This is obviously market fraud, and on a scale never before seen in human history. I (and others) have explained the mechanism here on several occasions: the fraudulent manipulation of the credit default swap market. It’s old news.
However, what no one has pointed to yet is how the U.S. has totally squandered its last chance to avoid either debt default, hyperinflation, or both. I’ve mentioned previously what the fate of the U.S. would be if its own interest rates had been fraudulently manipulated to the same levels as that of Greece.
Interest payments alone on the national debt would be more than four times total government revenues. This means the U.S. would have to completely shut down every branch and department of the U.S. government – including its entire military, and even Congress itself – and would have to totally end all government transfer payments. And even after that, taxes would have to be quadrupled merely to pay interest on its debts. This is what the Wall Street terrorists did to Greece.
Conversely, the same fraudulent mechanism which has been used to push-up interest rates all across Europe has been used in reverse, to fraudulently minimize interest rates (and payments) for the world’s biggest deadbeat-debtor. And what has the U.S. government done with these extra years of ultra-light interest payments – courtesy of Wall Street? It has squandered every second of that time and every dollar saved in interest payments, in more of the petty partisan squabbling which has characterized the U.S. government as the world’s most dysfunctional “democracy” (for lack of a better word).
Several years of talking about deficit-fighting has yielded absolutely zero progress. Of course this hasn’t stopped the U.S. from lecturing European leaders about their “fiscal irresponsibility”. Hypocrisy remains the U.S.’s leading export. The latest deficit-fighting gimmick – the ridiculously over-hyped “Super Committee” – not only accomplished nothing, but it pushed the two, juvenile political parties even further apart, as the twelve “sober individuals” appointed to that farcical committee simply intensified the political divide.
What obviously none of the seat-stuffers in the U.S. Congress understand (along with the Obama regime itself) is that the U.S.’s 0% honeymoon cannot be maintained indefinitely – no matter how much it facilitates the serial stealing-by-dilution by the Wall Street crime syndicate. It’s impossible to predict precisely how this fraudulent 0% rate will detonate, so here are a few possibilities.
The most obvious way in which these “bubble” interest rates will end is via hyperinflation. As I already explained in a previous commentary, any currency which can be produced in infinite quantities and at zero cost is worthless – as a simple tautology of arithmetic.
Otherwise, with 0% interest rates, one could simply borrow “infinity” dollars (and with 0% interest there would never be any payments on that money) and then simply “buy” every asset on Earth – and with “infinity” dollars, one could even afford to overpay for everything on the planet. Indeed, buying up all assets is precisely what the Wall Street crime syndicate is doing, except it’s being done in slow-motion – so that the scenario I just outlined doesn’t become obvious to even the clueless stooges in government and the media. As with “Tulip Mania” four hundred years ago in Holland, it is not a question of “if”, only when people will realize that their worthless currency is worthless.
Of course this is only one way in which hyperinflation could hit the U.S. economy. The sheer quantity of paper currency being cranked out by the Federal Reserve and the fractional-reserve fraud-factories of Wall Street could also, easily spark hyperinflation. Even with all of the propaganda lies and market manipulation, commodity prices remain permanently on the verge of spiraling out of control. Indeed, Wall Street’s efforts to hold down commodity prices actually guarantees this.
Written by Jeff Nielson Monday, 05 December 2011 14:07
One of the principal accomplishments (already) of the “Occupy Wall Street” protest movement is that is has correctly focused our attention on the real enemy: “the top-1%”. It is very important that readers remain focused upon that point, because (as usual) the media propaganda machine is not only seeking to twist the facts, but to distort the actual issue itself.
There are two ways in which the media has been distorting this problem. One of these methods is extremely obvious while the other is much more subtle. Beginning with the obvious, we see the media attempting to twist the backlash against the top-1% into a much more muted initiative of “taxing millionaires”.
To understand how this dilutes and undermines the process of reversing the most-egregious wealth inequality in all of history, we first must understand the nature of this inequality. In an interview on the BBC news program “Hard Talk”, a Wall Street insider in the credit default swap market reveals there is more than $200 trillion in debt saturating the global economy.
Let’s put this into perspective. Even with interest rates artificially suppressed for much of the world (most notably the U.S.), annual interest on this debt is somewhere in excess of $10 trillion per year. Given a global economy with a total GDP of close to $60 trillion, this works out to more than one out of every six dollars of global economic activity wasted in paying interest to the bond parasites. It is debt-slavery.
This is such a crippling debt-load that if the global economy was one, single economic entity it would be on the verge of declaring bankruptcy. It has caused some, including Australian economist Steve Keen to call for a “debt jubilee”. Readers not familiar with that term may have less trouble understanding my own previous label for that solution: a “bond-burning party”.
Keen points out that simply “wiping the slate clean” has been history’s one-and-only solution to the serial debt-crises caused every time that bankers acquire too much political/economic power – and then bury the world in debts. This solution becomes more obvious as soon as we identify precisely who are these shadowy bond-parasites.
They are not ordinary people. We are all net-debtors. They are not corporations. Corporations have become huge, net debtors – brainwashed by the banksters into believing that the only way to grow is through piling on more and more debt. They are not sovereign governments. Indeed, our national governments are the largest net debtors on the planet.
The bond-parasites are the top-1%. More specifically, they are the shadowy trillionaires, Oligarchs like the Rothschilds and Rockefellers who are so wealthy they are able to totally conceal their massive wealth-hoards from the rest of the world. Instead, we are regularly subjected to the ludicrous propaganda that mere billionaires like the “Bill Gates” and “Warren Buffets” of the world are the “richest people” on the planet – when they are merely “working class folks” in comparison to the true, idle rich.
In seeking to identify precisely who comprises the "kings” of these bond-parasites, there is no better place to start than with the ground-breaking chronology of Charles Savoie – in a body of research he has titled “The Silver Stealers”. Savoie points to an elitist group known as “The Pilgrims”, and documents much of the activities (and inter-relationships) among these Oligarchs over the past 200 years.
As Savoie and other banking historians like Darryl Schoon have noted, the key to the stealing of all the wealth of a society by the ultra-wealthy has always been via banking – and the worthless paper currencies they have managed to foist upon the world any and every time that bankers acquire too much power.