Bernanke must print 40 Trillions now, 100 Trillion next year, 200, 500, 1000 … Game is over. In 2009 US-debt (55 Trillion Dollars) matched with GWP (Gross World Product, 58 Trillion). It is incomprehensible but true: America’s total money supply (M3) is around $15 trillion while the US national and private debt total around $55 trillion.How is America paying an existing $55 trillion in debt with a total of $15 trillion money supply? The US is short $40 trillion only this year. Where will that money come from? We have to keep in mind that the GDP includes the mad loans to the private sector and the so-called bail-out of Wall Street fraudsters. Thus, the GDP figures do not reflect real economic growth. If you keep your eye on the M3 numbers, you will see that the gap between M3 and the total debt number equals an inevitable dollar collapse. "Whom the gods would destroy, they first make mad." Their backs to the wall, the Democrats have gone mad. They're firing up the printing presses again at the Federal Reserve. "As recovery starts to stall in the US and Europe with echoes of mid-1931, bond experts are once again dusting off a speech by Ben Bernanke given eight years ago as a freshman governor at the Federal Reserve. Entitled Deflation: Making Sure It Doesn’t Happen Here, it is a warfare manual for defeating economic slumps by use of extreme monetary stimulus once interest rates have dropped to zero, and implicitly once governments have spent themselves to near bankruptcy. The speech is best known for its irreverent one-liner: ‘The US government has a technology, called a printing press, that allows it to produce as many US dollars as it wishes at essentially no cost’. "Bernanke began putting the script into action after the credit system seized up in 2008, purchasing $1.75 trillion of Treasuries, mortgage securities, and agency bonds to shore up the US credit system. He stopped far short of the $5 trillion balance sheet quietly penciled in by the Fed Board as the upper limit for quantitative easing (QE). Investors basking in Wall Street's V-shaped rally had assumed that this bizarre episode was over. So did the Fed, which has been shutting liquidity spigots one by one. But the latest batch of data is disturbing. "The ECRI leading indicator produced by the Economic Cycle Research Institute plummeted yet again last week to -6.9, pointing to contraction in the US by the end of the year. It is dropping faster that at any time in the post-War era. The latest data from the CPB Netherlands Bureau shows that world trade slid 1.7pc in May, with the biggest fall in Asia. The Baltic Dry Index measuring freight rates on bulk goods has dropped 40pc in a month. This is a volatile index that can be distorted by the supply of new ships, but those who watch it as an early warning signal for China and commodities are nervous." (Telegraph, London, 27.06.2010) Is that all the money Obama ordered printed for his "stimulus package" and his payoff to George Soros for the $500 million in 2008 campaign contributions has now been spent paying off worthless paper caused by the derivative system and subprime housing crisis wherein millions of homes were sold to blacks and illegal aliens who trashed the places, then fled into the night rather than pay their mortgages. "Andrew Roberts, credit chief at Royal Bank of Scotland, is advising clients to read the Bernanke text very closely because the Fed is soon going to have to the pull the lever on monster quantitative easing (QE). 'We cannot stress enough how strongly we believe that a cliff-edge may be around the corner, for the global banking system (particularly in Europe) and for the global economy. Think the unthinkable', he said in a note to investors."(Telegraph, London, 27.06.2010) Economics 101, the lesson that the Zimbabwenians and now apparently the Jews in the Federal Reserve can't seem to wrap their minds around. Money, or gold, or garlic (as in ancient Egypt) has value for two reasons: A) It is scarce, and A $100 bill is nothing but a piece of paper; it has value only because we all agree that it does, and because it is so hard to obtain for most of us. Gold and silver coins contain X amount of gold and silver, right in your hand. Paper money is essentially an IOU for X amount of gold and silver, or used to be when we were allowed to trade in those precious metals. The fact is that right now, these days, money is just paper. When you increase the supply of paper money, making it essentially endless, a process called inflation sets in, because goods and services represent actual value such as materials and human labor and the more paper is in circulation, the more paper is demanded for all these goods and services. How exactly people reach the consensus or awareness that more paper in circulation means higher prices is something of a mystery, but it happens. Look at Weimar Germany. Look at Zimbabwe. Trillions of government guarantees go to the Jewish lobby (bail-outs for banks, bail-outs for countries, i.e. Greece, Spain, Portugal, Ireland, Italy and eventually the EU). Trillions were created in the computers of the Jewish lobby’s head-quarter, the FED, consisting of nothing but electronic figures. These amounts were never delivered, never invested, they had and have no substance at all. Goldman Sachs CEO, Lloyd Blankfein, admitted this before the American Congress on 27 April 2010. Quote:"Every futures contract on oil or anything consists of, you could characterize it as a bet. ... Some of these things do not exist physically. But they provide liquidity." Now there are $1.5 quadrillion of derivatives strangling the world economy. The oil market is deregulated, and Goldman Sachs and Morgan Stanley were quick to exploit this situation. In Summer 2009, when you were paying over $4 a gallon for gas, more than half of that was going directly to Wall Street hedge fund hyenas, with a full $1 per gallon for Goldman Sachs and Morgan Stanley alone, the backers of the deregulated offshore ICE exchange. Blankfein calls this grand fraud "liquidity". Derivatives, the largest mass of fictitious capital the world has ever known, including credit default swaps, mortgage backed securities, structured investment vehicles, collateralized debt obligations, repo agreements, and other toxic paper, are actually guaranteed by the American government to the FED (a private Jewish banking syndicate). Again, governments guarantee these quadrillions albeit they are fictitious, see Blankfein's admission above. Here it comes to mind that JFK tried to break the power of the Fed, and was assassinated by the financiers with the help of the CIA and Mossad. The American economy right now is a basket case. If that intelligent African in the White House is bamboozled by his Jewish crew into printing endless paper money, massive inflation will make it a coffin case. The Jews are what they are, but they are not stupid. They know this will happen. So why, then, are they doing it? It is simple. The Jewish lobby is excessively immoderate, a genetic defect, and therefore stacks receivables in inconceivable amounts against the new governments to come after the end of this inhumane era. All these guarantees are intented to be used as instruments of indebtedness in the future. The idea is to enslave mankind under a world-wide Orwellian system of unparalleled suppression, called freedom.National Journal, for the sake of truth and knowledge National Journal: First published 16/07/2010 
B) There is a consensus of opinion on the part of everybody that it is valuable, a consensus which has to exist if economic man is to function.
Sunday, 18 July 2010
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