It's really not okay anymore to keep allowing face to the popular media – which is fundamentally lacking in integrity because of its too-close connection with banks, top level politicians, and very unfortunately, the police and even segments of nations' secret services. The more that emerges through UK parliamentarian Tom Watson and the current on-going inquiry into Rupert Murdoch's News Limited, the more it is becoming clearer that the statement above is simply abundantly factual and not at all some kind of rabid frenzied imagining – unfortunately, I guess.
As I had guessed earlier, and said, on the Wall Street Examiner's BearChat Board, John Hartigan, the up-till-then CEO of News Limited in Australia – who the media had again tried to say was not in any way involved with the illegal communications interceptions and electronic bugging scandal NOW uncovered – was forced to resign from News Limited last week. Even if you consult Wikipedia, News Limited conveniantly seems to jump the era from 1975 all the way to 2006! Clearly NOTHING happened involving News or Hartigan or bankruptcies or bugging or crooked cops or politicians during that time. What a saintly lot they all must have been. And the '89 Stock Market Crash to boot withal... A minor incident afterall. Still,
EVERYONE IN THE WHOLE ENTIRE WORLD SEEMS SCARED OF UPTURNING THE APPLECART OF LIFE AS IT IS TOLD BY FOX NEWS.
Look, Christine Lagarde is not the god of market economics. The ECB does NOT have any right to determine any politicial decision of elected democratic government anywhere and the euro money thing is nothing more or less than a criminal enterprise devised by Goldman Sachs and Wall Street and the traitors who undermined the previous independence of the Bank for International Settlements. These 'academics' who are spruiking for the ECB are sounding more and more stupid everyday and are now coming out with extreme sorts of gibberish that even Joe Sixpack is starting to recognise for what it really is – GIBBERISH!
The BIS used to be the most solid guide and enforcer of discipline that ensured real and genuine market activity surrounding bank and government bonds – and ensured that non-competitive behaviour within regions resulted in higher (not, as they are now – lower) interest rates.
Artificial lower interest rates are a 'let's pretend' thing. This is cloud-cuckoo fairyland stuff. (E.g. Scrooge visiting the Internal Revenuers above).
Low interest rates can NEVER create economic growth in a credit cycle money-multiplier world. NEVER. And that is why the gold price will keep going up and up until official interest rates reflect the real price of money to productive enterprise. Economic growth is a dynamic of multi-variable, differential equation factors (or forces) – though at minimum it is a dynamic interplay between inflation and the cost of money, or interest rates. Growth cannot ever be a 'dynamic of forces between zero interest rates and zero inflation...' This means stagnation and no money circulation and therefore no tax receipts – i.e. economic and financial death. The idea that you can 'austerity package' your way out of this 'crisis' by forcing austerity in some countries and then blanket low interest rates everywhere because Germany wants it so – is just about as nuts an idea as you can have. The whole thing flies in the face of the fact of comparative advantage - and regional specificity too. Standardisation is not the same as 'no need to consider regional difference or comparative advantage.'
Actually, the wondrous thing about MARKET economics, is that it is just that – to do with THE MARKET. Not some manufactured, 'let's pretend I'm worth a hundred billion and I'm a Wall Street-er so everything I say is true' BS!
Right now, THE MARKET is telling Wall Street and the ECB to go take a flying jump. How do I know? Well I'll tell you: “you can't get a little bit pregnant, son.” Remember that line? Apply it to the Murdoch saga and every politician and banker that you know – excluding the heroes on that UK Committee. See what happens next. Just see. I've been consistently right so far and I'm still right now. The unthinkable... ...is about to come true.
Anyway, Christmas is around the corner. Here's a nice picture of some real money. Happens to be old. I reckon this is one of the most beautiful coins ever made – the George the Fifth Penny. George's great grandfather, I think, introduced the German tradition of the Christmas Tree to England. A great and beautiful tradition. You take the Yule Log, after you've had fun with it, and ya burn it. Out of the ashes, little green trees sprout. But yer gotta burn it all down into cinders and ashes first. Otherwise (and in the great tradition of Sir Desmond Claisebrook) it'll be like you're trying to flog a dead horse and that way you'll end up up a creek without a paddle. This thing about quickie loans at no interest for shonky purposes to Wall Street banksters has all got to end!! Christine Lagarde or no Christine Lagarde, it has to stop now. And it has to stop whether Rupert Murdoch's Fox News says 'austerity is smart' or not, it just has to stop. Austerity is NOT smart. It's actually plain dumb right now.
Oh, you mean you want to 'penalize' those who borrowed too much previously and can't fund it now, hence austerity... Why not just RAISE interest rates so that they go bankrupt? Oh, you ACTUALLY want to protect the bastards and shoot off the problem to the mug public instead? Well why don't you just say that you are a bunch of lying thieving bastards and stop pretending that you are academic economists and highly credentialed technocrats and advanced euro-political thinkers and all that?!
Once the public fully gets – and I mean they have nearly got it now – that these people are all just a bunch of lying thieving bastards protecting a few banksters interests, then what chance do you think there is of the euro experiment actually working? None. Absolutely none at all. The wheels have already fallen off. Get your Xmas tree out, stick it up, and celebrate, and wait for the bonfire. Because there is going to be one.
Love,
Calvin J. Bear
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