< HOME  Friday, February 24, 2006

REJOICE! the economy is collapsing

The US treasury auction flopped yesterday and bankers and bondholders would have us believe that it's the end of the world.

This is the government's cue to tighten its domestic belt even further and raise interest rates yet again in order to entice magnamious investors to lend us their "hard-earned" money so we can continue our BANKRUPT and WAR-PRONE existence. We have no other choice, right?

WRONG.

Debt "prices" don't just magically plummet on their own. They are DRIVEN down by rapacious money-hungry moneylenders who know that when prices go down - interest rates go up.
Investors said the market could also be under some selling pressure as traders look to cheapen Treasury prices ahead of Thursday's auction of $14 billion of new five-year U.S. Treasury debt.

"The five-year auction is important to judge whether there is demand at these (yield) levels -- people will be paying attention to the indirect participation in the auction," John said.

[M]ost [investors] expect the Fed to raise interest rates twice more by May.
Now that it's painfully obvious that our debt-based financial system is hopelessly defunct and corrupt, it's time to seize the moment.

Wakeup! MONEYLENDERS are NOT INVESTORS. Calling them investors is a perverse distortion.

Moneylenders are exploiters, vampires, leaches and to top it off, their so-called money is nothing but a colossal SCAM. "Investors" are merely frontmen for bankers that create money from thin air. Often they ARE bankers.

Bankers don't earn the money they lend; they just create it from thin air and ask their mafia friends (other bankers) to accept it as a "promise to pay" (dollars) in return for other "promises to pay" (bonds) which, unlike their dollar counterparts, collect interest. This is PURE unadulterated INSANITY.

But, why? What makes bankers any more trustworthy than working Americans such that they can create "promises to pay" from THIN AIR while working Americans cannot?

Is it because bankers have other people's money in their vaults? So what? They didn't earn it. Moreover, it's never anywhere near enough to cover the loans they make on any given day.

And what do they do with all this pseudomoney? Attach REAL ASSETS and collect interest, of course.

And, why can they collect interest? Only banks are allowed to "issue credit." And they decide how much money is issued, who gets it, and on what terms. In other words:
"Whoever controls the volume of money in any country is absolute master of all industry and commerce." -- President James A. Garfield
So, people really have no other choice but to pay interest when they need money to conduct business. And working for someone else to secure money is a painful option in a labor market that is controlled by a handful of corporate profiteers (frontmen for moneylenders) who make their profits by wringing it out of workers' hides and consumer pockets.

And so it goes. This remarkable and devastating state of affairs is a result of a mind boggling abdication of Congress' exclusive Constitutional duty to issue and regulate coin.

The bottomline is that MONEY, fiat dollars in particular, are supposed to facilitate exchange of productivity - whether it's labor or the fruits of labor and resources, i.e., goods.

When, instead, it's issued to pay interest - which is NOT productive, yet nevertheless, accrues effortlessly - you end up with a cannibalistic economy that is UNSUSTAINABLE.

In crisis there is danger and opportunity. But, not as it's commonly understood.
A [Chinese] wēijī indicates a perilous situation when one should be especially wary. It is not a juncture when one goes looking for advantages and benefits . . . Any would-be guru who advocates opportunism in the face of crisis should be run out of town on a rail, for his / her advice will only compound the danger of the crisis.
The opportunity here is not the kind our rapacious "investors" look forward to - exploiting us in our time of need. On the contrary, the collapse of our financial system, as painful as it might be, provides a window of opportunity to emerge from the death grips of rapacious moneylenders and profiteers.

Now is the time to take control of our destinies instead of HANDING it to foreigners and traitors who've abused our trust for so long.

8 Comments:

At Friday, February 24, 2006, Blogger AJ said...

Qrs,

OK. I totally agree with your assertions.

Now, please explain what we should do to "take back control of our destinies".

 
At Friday, February 24, 2006, Anonymous lily said...

It will hit the fan. Thanks, guys. You have a lot of great links here, too.

 
At Friday, February 24, 2006, Blogger qrswave said...

AJ, don't rest. Talk to everyone you know; everyone you see on the street. Spread the word far and wide.

Inform people of the nature of money and financing and the absolute fraudulence and futility of the system.

Direct them to leaders like Ron Paul, and others I have in my money links side bar. These people have worked hard to come up with alternate systems. What we need now is to get people to stop listening to the lying media and their wall street patrons and start listening to honest leaders who have the people's interest at heart.

lily, many thanks for stopping by. I hope that you'll spread the word.

 
At Friday, February 24, 2006, Blogger AJ said...

QRS,

wow. Lily came! Lily is cool, you will dig her Q.
I can assure you she is spreading some things, haha ,maybe even the word.


god I hope Lily still likes me...hee hee

 
At Friday, February 24, 2006, Blogger Richard said...

I've been spreading the word in my own humble way for years.

When the banks/money lenders/whoever, whisper:"Psst! Wanna buy a pound [or a dollar] for two?" -- stop, and use the old grey matter for a minute. The sensible answer shouldn't take long to come into your head.

"Think about it," I've been telling people - for around half a century [yep, really]- have you ever heard of anything so stupid?

"Psst! Do you wanna buy a quid [or a buck] -- for two?" Crazy, eh?

 
At Friday, February 24, 2006, Blogger qrswave said...

AJ, you're a lively one tonight!

richard, thanks for stopping by, friend.

I really love the way you put it...

"Psst! Wanna buy a pound [or a dollar] for two?"

Awesome!

And it becomes infinitely worse when you consider that it's THIN AIR that they're lending!

 
At Friday, February 24, 2006, Blogger AJ said...

"Psst! Wanna buy a pound [or a dollar] for two?"

Unless I have several long FX Euro/Dollar contracts, this would not be funny.

 
At Saturday, February 25, 2006, Blogger Left of Center said...

I wrote about this today. One of the quiet signs of decline.

 

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