Fabian Socialist Keynesian economics is about to destroy the world economy. No, this is not a jest. It is very serious. The concepts of John Maynard Keynes's fiat money system as introduced at the 1944 Bretton Woods conference at the Mt. Washington Hotel in the White Mountains of New Hampshire is as follows.
WWII was over; the victors (Allies) were in financial difficulty due to the cost of the war. Lord John Maynard Keynes, a Fabian Socialist, presented a plan that was then strongly supported by communist spy Harry Dexter White, who at that time was the lead official of the US Treasury Department and who had been the prime Treasury official to introduce scores of Soviet agents into the Treasury department.
The argument put forth by Keynes and his associates was that national economies could not expand at sufficient speed at the end of the war to allow the rapid improvement of wealth in society as desired by the participants of the meeting. For this reason it would be necessary to cut all currencies away from their well established reliance of being supported by gold as the base of value and to a system that would be tied to debt.
The concept was that governments would be allowed on their own recognizance to issue paper money based on loan instruments that they would sell on the open market at interest. In America these were savings bonds, Treasury notes and such. These instruments were based on relatively low interest payments and in terms of five, ten and twenty years. Governments would be the winners because they could structure the interest payments at the inflation rate and the loan would therefore be of no cost to the government and they would then tax the inflation gain interest as capital gains taxes. The investors would be duped and governments would be the winners.
This dishonest scheme was based on misinformation and falsification in that the premises are based on a falsification. If the governments had to sell these bonds on the open markets, which they did, then the cash to expand economies of the nations in participation at the Bretton Woods meeting was readily available in the capital markets and there was no need to institute the Fabian lie. This was about socialist control of the world economy and nothing else.
Fast forward to March 2008 and the issuance of an unnoticed bombshell by the Federal Reserve System (FRS), which by the way is not Federal but a private corporation, not a reserve because it has no reserves, and certainly not a system, but a corporation incorporated in the state of New York, as reported in the Grey Lady on September 24, 1914. The bombshell that the New York Times relegated to back page news was that the FRS would cease reporting the M-3 money supply as of that quarter. The M-3 money supply is the amount of new fiat species issued by the FED every month above what was preciously avaialble. This, in fact, was one year after the Federal Reserve System had begun the process of monetization.
Monetization is the process by which the FRS issues T-Bills and T-Notes during the week and them puts them on auction on Friday afternoon. This time is picked for two reasons, the markets are already closed, and it provides latitude to maneuver should the FRS not find customers for their trashy bills. Beginning in about February of 2007 the FRS was unable to sell all their bills and resorted to purchasing them over the weekend with money produced out of nothing and backed by nothing. To clarify, they took the bonds out of their hip pocket, paid for it out of their back pocket, and then stuffed it into their vest pocket. Don't, by the way, be too hard on the FRS because all the European banks and "Central State Banks," something that does not exist because all banks are privately owned, were doing the exact same thing.
All this has resulted in currencies that are, in fact, worthless because no hard asset backs it. No backing, no value. The direct result of this is inflation that the FRS has been able to hide by falsifying all government-produced statistics. All reported statistics by the US government, and all government agencies, beginning in the 1980's and through today, is bogus. Unemployment, when all are counted, today is at 24.7%; inflation over the last two years has been 16% – gasoline has risen from $1.88 to $ 3.66 since 2000.
Socialist policies have always failed and for very good reasons. The prime directive of socialist philosophy is that humans will have equal work output if they whether employed by the state or privately. Everyone – even a civil servant – knows better than that. The second false idea is that if you steal from Paul to give to Peter all will be well, but all you accomplish is to make Paul as poor as Peter and thus degrade all of society to an equal sharing of misery.
To wit, economic indicators worldwide clearly demonstrate that the world economy is at the cusp of collapse. In the EU, banks' exposure to the debt of Portugal, Greece, Ireland and Spain is as follows; Germany €524 billion, France €385 billion, UK €349.3 billion, Holland €184.6 billion, USA €149.3 billion, Belgium €135.2 billion – for a total of €1.7 trillion, while Spain's outstanding debt (due to their Green Energy policies) has reached the astounding amount of €989.8 billion. I did not even bother with Italy – which is in even worse shape than Spain. On our side of the pond things are no different – California $130 billion, Illinois $121.8 billion, NY $120 billion and Florida $127 billion.
To let you gain a clearer perspective. the per capita debt load per state citizen in Massachusetts (this does not include federal debt, only state) is $10,505, Alaska $9,621, Rhode Island and Providence Plantations $7,994, Connecticut $6,830, Delaware $6,082 and New Jersey $5,938.
Do I have to tell you that none of this is sustainable? Put another way, if President Obama's minions decided to pay all the money owned to the banks and China over a ten-year timeframe, we would have to pay $3,833,253,687 per day. I hope you understand the impossibility of that.
Posted by free on 09/20/11 06:56 PM
"I fear I am already perceived as "out there" and don't care to enhance that image."
Fear is a wast of time, the cultural marxism that was catapulted in the sixes has done its job, people have been blinded and refuse to see.
You are not alone, we all, the informed experience the brainwashed left, be especially reserved when speaking to the university educated they have had the most damage done to their brain.
Posted by free on 09/20/11 06:48 PM
The PE are getting things back to the way is was in the good old days of Serfdom's.
How come there is not a massive revolt in the world, because as always bread and circuses is enough to keep the proletariat happy, dumb and happy.
Lady gaga for president, how many people would vote for her do you think?
We are doomed, read 1984.
Posted by speedygonzales on 09/20/11 04:35 AM
And I tell you what. As I simply realized many years ago if someones life must get into level of western world there is only one way: they will meet on half way. Thats mean some improvement on one side but some decline on other. Because they just move the same factory from one place to another. In this enviroment you must control that those who gets some pros are not gonna rise. So this is purpose of European Union, for example. While productivity of Slovakia is 60% of Denmark there is just 18% of wage. There is no minimum wage in EU and there is no powerty level. German export miracle is based on classic colonial system. VW Touareg and Porsche Cayenne are made in VW Slovakia. But Cayenne is shipped to Germany to get sticker made in Germany. I can tell you tens of other products how eastern europe had been deindustrialized from final products to be moved to west to be made by the same folx just get sticker made in West and sold back. We can also talk about agricultural subsidies. While eastern europeans get subsidies from EU only western farmers get from country, Germany, France, Benelux, as well.
Is this capitalism or socialism? Most likely socialism for rullers capitalism for serfs. Business as ususal.
Posted by speedygonzales on 09/20/11 04:16 AM
Quite naive: "Socialist policies have always failed and for very good reasons. The prime directive of socialist philosophy is that humans will have equal work output if they whether employed by the state or privately."
For me is ridiculous how gr8 job can B screwed up. State owned does not means state run as privately owned is not priavtely run. If is privately run there must be liability. If you compare communist party in China with Wall Street you can find lotsa similarities. Basic think is they aint got no liabilities and they are not acountable. If share holders can hire guys to run business state can do the same. If state can control military, police or nuclear power plants why not car maker. Do not forget that golden era of Germany was based on state owned golden share.Public interests and shareholders interests are in conflict.There was concrete plant to be move from Mass to China. Even employees wanted by it with coop of state owners did not agree. If they sell it to employees they will loose business forever. Even they will start new business in China as competition. There is well known that capitalists just move the same factory from state to state after they create crisis and cheap labor. Capitalism is based on competition. Right? Why they are scared to death by Chinese investments in Usaia?
Because in US it was screwd up by corrupted politicians it does not means system is bad. Why are you then against privately owned Federal Resreve?
I see too much ideology in your head. Try to clean up the mess. I just do not like people who's every second word is antagonistic.
There is no socialism, there is no capitalism, there is not marxism or nacism. Permanent interests only. If this Sacculina Carcini took control over country's life how do you gonna cure it?
Posted by dotti on 09/19/11 09:49 PM
JM, yours is a very informative and encouraging post!... Thanks.
Have you checked out the Morman program for storage foods? Seems like a great plan, but I haven't done it yet. I am home canning and gardening though.
Thanks for your post. Good stuff!
Posted by not_a_nutter on 09/19/11 08:25 PM
Keynes was a member of the Fabian Society? Really? Can anyone point me towards any credible proof of this? According to the ever unreliable Wikipedia, Baron Keynes of Tilton sat for the Liberal Party, now, it's not technically impossible for someone to be a member of the Fabian Society and to sit in the UK House of Lords for the Liberals, but it is rather unlikely. Any chance of a citation for this?
"1944 Bretton Woods conference... WWII was over" Really? Now I know some people over there in the States have difficulty remembering that WWII started in 1939, but surely we all agree that 'the great unpleasantness' finished in 1945?
"Keynes, a Fabian Socialist, presented a plan that was then strongly supported by communist spy Harry Dexter White"
Hmm, again according to Wikipedia, "White was the senior American official at the 1944 Bretton Woods conference, and reportedly dominated the conference and imposed his vision over the objections of John Maynard Keynes, the British representative" (White probably was a Russian spy but we'll let that pass).
I hope you get the point by now. Giving the first couple of paragraphs of this article even a passing examination points out many glaring inconsistencies. Believe what you want from the rest of it.
Posted by JM on 09/19/11 05:09 PM
Re: "I seem surrounded (in real life--not here at the DB) by people who are very smart and supposedly well-educated (Ph.D's and MBA's)... "
I have the same problem with friends and family and have come to the conclusion that those people are not so much educated as schooled by the Rockefeller controlled educational system. Add to that the destructive effects of TV, prescription drugs, processed (poisoned) foods, fluoridated water, EM radiation etc and we see the result -- people who lack the ability for critical thinking and the emotional strength to face truths that are not pleasant.
There are, however, signs that people are coming to grips with the agenda. Here are a few:
1. Organic foods, home gardens and CSA's are on the rise.
2. Insiders are speaking out about big pharma(Andrew Wakefield, John Virapen, Gwen Olsen, Gary Null et al)
3. Hungary is plowing under GM cornfields
4. Haitian farmers have rejected Monsantos GM seeds.
5. More and more towns and cities are phasing out fluoridation of their water supply.
6. Ron Paul is doing well in the primary debates (political awakening?).
In the meantime my wife and I are building a new world for ourselves by finding people who are awake and aware (they do exist), eschewing family a friends who continue to exist in the matrix and working on establishing our own food supply via our garden and local farmers from whom we buy directly. My wife is learning to can all kinds of foods (veggies, meats, cakes, milk and cream) in case the grid goes down.
We continue to give our understanding of the worlds realities to anyone who will listen simply because it's too important not to. We are not spreading fear but awareness. If people can't handle the truth, that is their problem, not ours.
Posted by Avatar on 09/19/11 01:07 PM
After WWII the elite decided to continue to prop the economy up under the guise of the Cold War. The socialist movement in America was pretty much removed during the first World War. The elite Corporatocracy tried to initiate a government overthrow in 1932-33 (see Brig. Gen. Smedley Butler). The Elite behind the industrial-congressional-military complex took control after WWII. This has been referred to as military Keynesian policy. But all good detectives follow the money trail and the money leads to those benefiting from such a system. The CIA gained enormous power as did the Pentagon. IKE warned about this complex. The money leads to the elite Bankers and stockholders and those congressmen who serve their ends. Socialism? I think not. Plutocracy? Absolutely. This is not to say that these elite did not have a lot of forward thinking in regards to societal development. As LBJ told them, "get me elected and you can have your damn war." The economy was definitely in better shape in 1964 and 1965 than it is today. The middle class comprised a much larger segment of society in the USA. The only constant is change.
Posted by rossbcan on 09/19/11 12:41 PM
That is why I wrote "Mathematics of Rule", to refute Keynes. But, the lies are even more profound.
Be aware that the methodology, intellectual model by which even honest, well meaning (OK, a hypothetical possibility) lawmakers attempt to 'tune' the economy is highly flawed / fraudulent / misleading, as explained, simply.
It is an obvious, but hidden by a profound lie regarding the definition of GDP (Gross Domestic PRODUCT) that the economies of the west have been contracting for very many decades.
PRODUCT IS PRODUCTIVITY ONLY (Goods / services produced for trade in the free market MINUS overhead costs)
The LIE is that GDP equals the sum of productivity plus costs of unproductive overhead, frauds (a negative), inverted and treated as a positive. Thus, the more that states and programs cost (war is health of the state), the higher the GDP claimed, a false "proof" that leviathan is good for prosperity.
A realistic analysis yields the following: western civilization is in deep economic trouble, to the point of unviability leading to inevitable collapse for the simple reason that unproductive forces are destroying and eating productive forces. There are far more cookies being consumed than cookies being produced, requiring deflating in "value" (debasing) faux fiat currency (shrinking cookies) to provide the (failing) illusion otherwise. Easily PROVEN:
Click to view link
Simple algebra it may be, but, a profound truth. Most things are much simpler than they are purported to be by faux "experts" who create faux complexity to confuse and hopefully profit by providing their "opinions", for a fee while, simultaneously controlling us by subverting our choice.
Posted by Nightcrawler on 09/19/11 11:29 AM
Dear Dotti, Seeing what is happening and trying to convince others to open their eyes is a daunting task. Personally, I find only about one in five will even politely listen or read the information like what is in this fine article. Because of the terrible economy of late, more people seem to be interested. They know something is seriously wrong. My strategy is to put the best written, clear facts in front of friends and family without overwhelming them. I'm probably not reading the signs very well since I get the distinct impression that I'm the crazy uncle. Oh well. It's too important not to try.
Posted by amanfromMars on 09/19/11 10:33 AM
Is the prime problem that there is nothing of great value for money to purchase, or is it just that the system hasn't thought of a creative global future project spend?
What if one were to be presented as an active running program for SMART Systems Administrations/Virtual Machine Worlds.
With perfectly programmed machinery is nothing impossible. Humans may be similarly gifted and quite capable of real magic with mojo juju.
Posted by dotti on 09/19/11 09:07 AM
Well. Good morning!
Even in the face of an avalanche!
I am very appreciative of the factual data that Dr. Krieg uses to support his opinions. I am wondering, however, if his inflation and unemployment statistics are from JOhn Williams Shadow Stats. Somehow the Shadow Stats seem to go largely unnoticed--unreported--although I have never seen them openly debunked. It is as though they don't exist--or if they do, they are totally irrevelant.
I seem surrounded (in real life--not here at the DB) by people who are very smart and supposedly well-educated (Ph.D's and MBA's), but who refuse to accept that the Federal Reserve is privately owned and who--although otherwise very informed--are keeping John Williams Shadow Stats out of awareness.
I often wonder, when I read an article/editorial such as this if I forwarded a link to this article--or one similar--whether they would take it seriously or just shrug it off.
I fear I am already perceived as "out there" and don't care to enhance that image.
This editorial has enough factual information that it makes me wonder if it is strong enough evidence to change anyone's views. I mean by that, those who are intelligent, but deceived by the mainstream media and other sources of (dis)information, rather than those of us who are rebellious, i.e., free thinkers enough to read and believe here.
Richard Nixon's famous--or infamous--remark, "You won't have Richard Nixon to kick around anymore" is something that i can relate to. I have assumed pretty much a fetal position when it comes to "debating" what we here consider to be "reality".
I think that many of us who read here have been kicked around a lot when we were trying to seek truth outside the accepted realm.
We come here for healing.
Is there now dawning a new era when others will open up to the "new information" that we are mining here?
Let's hope so.