Posted on 01/12/2017 12:35:01 PM PST by BDParrish
“Lior” Gantz? Looks like he’s the “editor” of this web page launched four weeks ago, complete with this stellar bio of his qualifications to spout off on subjects like this:
https://www.wealthresearchgroup.com/about-wrg/
By “slay them” I did not mean we would not have a banking system.
Only that we would not have an all-powerful central bank that is able to engage in these machinations.
Individual bankers on their own are capable of making sound lending decisions. Probably even more so than if they are taking marching orders from some central authority with multiple hidden agendas.
You are correct Sir! People (in the gubmint) need to go to jail for creating the “housing crisis”, but I digress.
Central bankers should not have the power to undermine democratically elected governments.
They won’t be able to pay the interest on the debts they owe (that they can’t pay regardless), so they’ll have to “print” more money that they can’t afford to “print”.
They’re painted into a corner. And we’re all trapped with them in that corner.
Thank you for finding that.
In a recent article on Nixon’s impeachment, the author says that the whole impeachment was driven by Nixon’s refusal of Rockefeller and Kissinger’s (the globalists or Atlanticist powers) plan to move US industrial production to China.
The author also warns Trump of a probable similar plan by these people (they include international bankers.)
Thanks for your comment. Do you say then that there is no danger of a dollar crash? Is the foundation of the dollar solid? All the funny money that the Fed has printed cannot or will not trigger an inflationary spiral?
I am all ears.
Please anyone, if you can actually debunk this then do so with facts and information. A crash has happened before in our county’s history, but it can’t happen now? The crash has happened in other countries, but it cannot happen here? They averted the catastrophe in 2008 with their bank bailouts and trillions of debt, and they can just keep doing that again and again forever?
We all promise not to wring our hands, if you could you just give us a meaningful answer.
Amazing all of the “experts” coming out with their theories, all of which, if negative, are given credence by the Dems and the media — sorry, I repeat myself.
So long as the dollar is perceived as being more stable than other currencies (and, tough as that is to believe, it is), we’re not likely to see anything remotely like the wild hyperinflation of the German Weimar Republic. For all the low interest rates, printing and quantitative easing, we’ve been verging upon deflation (falling asset values which means a strengthening currency) for almost the entire eight years. Will there be something huge that overthrows this seeming deadlock? Very well could be, might even be inevitable. But, I wouldn’t hold my breath waiting for it, myself.
That is an ominous threat.
The bond market bubble has got to burst sometime...sooner might be less painful than later but it’s already too late for it not to be painful. Obama and his qe crap really screwed us over. If Trump can get the economy roaring again it may help ease the fall though. Would be far worse to have Hillary and her banker friends kicking the can down the road.
Thank you for you thoughts. I can see that the Quantitative Easing, TARP programs and other money printing bailout schemes have not yet triggered hyperinflation for three reasons. 1) They have printed heavily but against pressures that should have been otherwise extremely deflationary. 2) Much of that funny money went on the bank books as “assets” to get around reserve requirements that should have bankrupted them, and it did not make its way into the economy as velocity. Also, 3) I believe that because of the “petrodollar” system there is a strong demand for dollars since they are used to buy oil. This has permitted us to borrow, print and spend at these levels with impunity.
With the end of the petrodollar system, the USD loses its place as the world reserve currency, and the dollar will then be free to hyper inflate. If it is impossible for any other currency to take that role, I wish someone would give us a reason to believe that. Russia is settling oil contracts in Yuan. China is working to create a new gold standard. You will be able to buy oil in Yuan or Rubles from Russia, and anyone will be able on the Shanghai gold exchange to convert Yuan to physical gold. You just won’t need dollars anymore.
If demand for dollars goes down, then how do we borrow and spend? If yields must go up to sell the treasuries, how do we pay the interest? What happens when others like China and Saudi Arabia start trying to sell off their treasuries? All those dollars must come back and be absorbed into the existing dollar economy as inflation.
Every crash has a triggering event, but there is also an underlying financial economic weakness that must be cleared. The next big bank bankruptcy will be monetized using the “Cyprus Solution.” That may buy us a little more time...
“Cassandra, Chicken Little, and Boy Who Cried Wolf, please report to the service desk immediately!”
The democrats destroyed the economy in 2007 to take over the government. They will try again. Treasonous bastards.
Great analysis!
The Cypress Solution, I believe was only electronic savings bank accounts because theives go for the easy steal. Morally, savings accounts are NOT the reason for Central Bank debt failure.
The Central Bankers should be in prison, but that only occurred in Ireland.
The solution is to lock up personal wealth in unliquid assets such as stocks, gold or cash. Those are much harder to steal. For stocks request actual hardcopy receipts.
Bankers are theives.
these creeps are panicking because there is no quid pro quo anymore so they can screw the little people while they gain billions...
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There were financial panics and depressions throughout the 19th. Century.
Would keeping a central bank have prevented them all? That’s what the propaganda supporting the Federal Reserve Act would have you believe.
The history major in me doesn’t quite buy it.
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The one thing it *WOULD* prevent: The runaway\unconstitutional spending we have going on SINCE the institution of the F.R.; let alone the 98%+- depreciation in the true value of the FRN in the century of its creation (where a *single* head of household can no longer: buy a house, buy car, save for retirement, save for college, raise family\children, etc.).
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Central bankers should not have the power to undermine democratically elected governments.
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They don’t. Just because a ‘law’ was passed doesn’t make it lawful, let alone Constitutional (mine still show no authority to abdicate responsibility to a foreign entity, for that which govt is specially tasked. Doubly so when doing so was *FREE* [no ‘borrowing’ magic $$/bits in a ledger @ X%].).
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