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Quotes from Henry ford in 1920.. The first para happened in 2008 when banks were about to collapse. The second para is happening with Chinese buying American debt to an unsustainable level.
As operating groups, the governments are bankrupt now. Only their power of confiscation keeps
them up. The United States, commonly referred to as the richest country in the world, is just as poor as
a government as is any other. It has nothing; it is in debt and borrowing. And its creditors are constantly
discounting their obligations and are putting it into worse hands than ever. Even the Liberty Bonds are
almost passed out of the hands of the people into the hands of fiscal agents who "get" money out
of the necessities of the people who sell and out of the necessities of the government which borrowed.
And if all signs do not fail, we shall one day be hearing in Congress pleas for special legislation in
behalf of "the poor bond-holders." It is to be hoped when that day comes, some one will have mettle
enough to stand up and declare who the "poor bond-holders" are. A list should be made now for future
reference.
"Every loan proves government inefficiency and ignorance of governmental rights.
Loans, like the sword of Damocles, hangs above the heads of the rulers, who, instead of
placing temporary taxes on their subjects, stretch forth their hands and beg for charity at the
hands of our bankers. Essentially, foreign loans are leeches, which in no instance can be
removed from the government body until they fall off of their own accord or the government
itself removes them. But governments, instead of removing them, continue to place
more. They must perish inevitably through exhaustion by voluntary blood-letting."
This guy went up against the bankers, and make huge fortune. Did he not need them for capital investiture? Perhaps building a car back then was not that costly.
The lie that infinite growth and infinite debt expansion are possible in a finite realm is not merely one more lie among a stack of lies, it is the foundational lie upon which all the lies are built upon.
The lie that infinite growth and infinite debt expansion are possible in a finite realm is not merely one more lie among a stack of lies, it is the foundational lie upon which all the lies are built upon.
In a time of universal deceit, telling the truth is a revolutionary act.
Some of us have seen this movie twice in our lives (hint: it doesn’t have a happy ending for in-duh-vidual investors)
In a time of universal deceit, telling the truth is a revolutionary act.
Some of us have seen this movie twice in our lives (hint: it doesn’t have a happy ending for in-duh-vidual investors)
Avarice... that no matter how much is held that more more more must be gotten.
Like their education stopped somewhere between what the Ayn Rand devotee's internalized
and what the Ferenghi Rules of Acquisition told some they should try to get away with.
This guy went up against the bankers, and make huge fortune. Did he not need them for capital investiture? Perhaps building a car back then was not that costly.
He talks about Jewish Capital vs Gentile Capital. May be he still used the capital from Chase & Rockfellers. He says they are the targets for ridicule by the press and doesnt criticize them .
That make me think he was driven by racial/religious motivation.
Some folks declare the wonders of Reaganomics / Hayek / Neo-Liberal Economics.
US is a bigger sham than Enron.
All BS and carried forward only on Massive Debt.
So. How to reject and repeal Neo-Liberal Economics?
With the inbred "senior" (is that kind enough?) R(s) and D(s) who worship this nonsense -- is there any hope for US before a Dinosaur Die-off?
Not exactly... more like 'better'!
Without the ability to create money ad libitum Enron couldn't keep it going for as long as the US can.
Because the USD is currently the worlds reserve currency, and NO NATION ON EARTH has anything BUT FIAT MONEY, we wind up being the least ugly girl at the dance.
And as Chuck Prince famously said in 2007 "...as long as the music is playing, you've got to get up and dance."
Not exactly... more like 'better'!
Without the ability to create money ad libitum Enron couldn't keep it going for as long as the US can.
Because the USD is currently the worlds reserve currency, and NO NATION ON EARTH has anything BUT FIAT MONEY, we wind up being the least ugly girl at the dance.
And as Chuck Prince famously said in 2007 "...as long as the music is playing, you've got to get up and dance."
There are eight world reserve currencies, and smart money is spreading the risk across the board. The dollar is not the only game in town.
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