Mar 22, 2009

Myth America

By Cindy Sheehan
Since this country was founded, it has been governed, or controlled by the Robber Class. Some people call our "Lords," the Ruling Class, the Oligarchy, the Kleptocracy, or Plutocracy. Some call our system Cronyism, a Democratic Tyranny, Soft-core Fascist State, or if you are a member of the Robber Class or Blinded Robbed Class, you call it a Democracy, or Republic.

Captured By The Debt Spider

By Ellen Brown

If governments everywhere are in debt, who are they in debt to? The answer is that they are in debt to private banks. The "cruel hoax" is that governments are in debt for money created on a computer screen, money they could have created themselves.

The Great American Banking Experiment

Andy Sutton submits:
One of the most common questions that folks who are becoming newly acquainted with terms like ‘fiat money’ and ‘fractional reserve banking’ are asking is “How did we get here?” For sure, the recent publicity of 21st Century Tea Parties along with the occurrence of the worst financial crisis in recorded history has people asking questions. In terms of the American obsession with central banking and fiat currency, 1913 is generally identified as the point where the country went wrong. In truth, however, our obsession with funny money has transcended all; including even, the birth of the nation. And on a global scale, the eternal ponzi scheme of fractional reserve banking has been going on for a few thousand years now. It is a scheme that has been so perfectly atrocious over the centuries that it makes ponzicons Stanford and Madoff look like petty thieves. In this week’s piece we’ll take a look at some of the more noteworthy landmarks in America’s great experiment with paper money.

Gresham’s Law

Complete Story »

The Dollar Is Dead

Bretton Woods II is collapsing. Amid increasing skepticism from China regarding the security of its holdings of U.S. Treasuries, the U.S. Federal Reserve’s FOMC announced on Wednesday that it would purchase $300 billion worth of U.S. Treasuries in the next six months – effectively monetizing its debt and firing up its printing presses. This announcement caused the U.S. Dollar ((USD)) to fall precipitously against the Euro, in addition to causing the price of Gold in USD terms to jump – demonstrating the market’s belief that the U.S. was well on its way to deflating its debt and debasing its currency.

Conventional wisdom holds that the Federal Reserve did this without much regard for its impact on the value of China’s holdings. However, given the buildup in negative statements by China’s leadership about the stability of U.S. Treasuries, a unilateral move by the Federal Reserve would be the diplomatic equivalent of giving China the middle finger. The U.S. is in no position to do that. If the Chinese government were to fear that the value of its holdings is going to decline, it would be obliged to sell them off and salvage whatever value it can before the market for U.S. Treasuries crashes. With more than $700 billion in U.S. Treasuries, China is the largest foreign holder of U.S. Treasuries, ahead of Japan, UK and the GCC countries.

Complete Story »

Violence and Democracy

Just received this. It might come handy :-) :

Amsterdam, March 20 2009

Dear reader,

Still waiting for the paper version of my new book *From Chaos to Change,
Entering a New Era*.

In the meantime I corrected and sometimes updated my older book *About
Violence and Democracy, In search for an alternative to democracy.*
*Free download* of the pdf-version

** (749kB).

It is still the beta version and in particular my English has to be
Maybe once I will publish this book on paper.

The book ascertains that democracy is not the right political system to give
all masspeople a human life. The system is maintained by the elite because
in this way it is fairly easy to keep masspeople in a subordinated position.
The control of the masses is also made possible because the group in power
has a monopoly on violence.

Masspeople who are now powerless will get more power by using a certain
amount of small violence on a creative, autonomous and inventive way against
elitepeople who* *in the first place want to preserve their own high income,
their ownership of more earthly goods than the average human and their
privilege to give this wealth and power through to their children. This
violence that is dwarfed by the huge amount of violence used by the elite,
can better be called *Creative Disturbance *of the now safe, quiet,
prosperous and privileged life of people who are the deeper cause of most
misery on our world.

In a *new humane society* power relations will should be more equal and the
autonomous massperson will have more influence on life in general and on his
own life in particular.
Masspeople will work together in small temporary groups of active,
interested and involved citizens on the road towards a future beyond the
present hierarchical elitist democracy. This road will be sometimes
bizarre, chaotic or even objectionable but that may not be a motive to hang
on to a dying democracy.

Friendly greetings, Joost van Steenis

The Real AIG Scandal

The furor over the AIG bonuses may be nothing more than a smokescreen to hide a bigger fraud. Spitzer points out that the real money is going to the counterparties who used AIG to protect themselves from losses on these toxic assets. Further, did they anticipate the losses along with AIG and receive assurances from their clique that, regardless of the fact that AIG could never cover those losses, the government would eventually honor the 'contract.'

The AIG bailout has been a way to hide an enormous second round of cash to the same group that had received TARP money already.