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My background is in economics and law. I studied economics for four years at the University of British Columbia, before moving on to the Faculty of Law (at that same institution). I obtained my law degree in 1989.

I became seriously attracted to the precious metal sector around the middle of this decade - through my own, personal investing. After publishing an amateur blog for about a year, I became acquainted with C.J. McNamara and we decided to form Bullion Bulls Canada at the end of 2008.

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University of British Columbia
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1989 (Llb.)
Jeff Nielson
Jeff Nielson
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Today
Earl replied to the topic Re: Global dollar credit: links to US monetary policy in the forums.
Jeff,

"Thank You" for the reply.

Earl, it will take me a while to unearth anything of SUBSTANCE in what is (undoubtedly) a(nother) steaming, mound of lies. What I'll note for now is just a simple observation. I knew just from the title of your post (before even looking at it) that you were bringing us either propaganda or disinformation -- simply from the use of the word "credit" in the same line as "dollar".

The word "credit" always has a positive connotation in people's minds, even when used as a EUPHEMISM FOR DEBT, as we (once again) with this propaganda. I can illustrate this by simply 'translating' the first line of these banker-lies:

Banks and bond investors have extended $9 trillion of US dollar credit to non-bank borrowers outside the United States.

Oooh! "$9 trillion of credit" -- sounds good. Now let's translate it:

Non-bank borrowers outside the U.S. have taken on $9 trillion of U.S. dollar debt.

We look at the translation, and immediately the words "debt bubble" leap to mind. Note that this is only non-bank borrowing. How many $TRILLIONS of USD borrowing has been done by the banks? We don't know because (as always) the Criminals won't tell us, and our pretend-regulators consider it "rude" to ask.

Thus at least superficially; this is a classic illustration of the Wonderland Matrix. Hide as much information as they can from us, and what they can't hide they PERVERT with their Machiavellian language.


I'll admit there's a lot of "stuffing" to this report. But just to give a little view of what I was thinking.

My first thought was $9 trillion to "Non-bank borrowers outside the U.S.". Instead of stimulating our domestic economy. I'm thinking it's like our domestic oil, it doesn't stay here for "energy independence" it goes out to the highest bidder. So we open and give land to the oil cartel in the "name" of energy independence and low fuel prices. Which "sounds good", but is just a bold face lie and never happens.

So, we give the banks interest free money and they in turn loan it outside the US. Not stimulating our economy (energy independence) but they go to the profit areas.

Then it hit me from another view- If that $9 trillion had been lent to citizens in the US we may have seen hyperinflation on a massive scale or another bubble to burst. Which is what will probably happen when the foreign markets rid themselves of those dollars ( you know, something not good).

I was thinking this $9 trillion in "Non-bank borrowers outside the U.S." move just buys time. The central banks have no choice at this point. Basically, it slows the inevitable out come. "Buying time" so to speak.

Maybe, it's $9 trillion that just vanished into someone's coffers without a trace.

Thus at least superficially; this is a classic illustration of the Wonderland Matrix. Hide as much information as they can from us, and what they can't hide they PERVERT with their Machiavellian language.

I just wanted to relay my initial thoughts. See if my thoughts are too far out there.
$9 trillion is a lot of money, I do realize after page thirteen, it's "what the hell, it could be $19 trillion for all we know".

www.bis.org/publ/work483.pdf

Appreciate your feedback-
Thank You
Earl
03:35 PM
I just stumbled across this fascinating, older article while doing some research. There are several points of interest here. To begin with; this piece of twisted propaganda was written almost exactly one year after I published one of my own, most ground-breaking commentaries:

U.S. Economic Terrorism the New 'Winning Trade'

What we see with this Washington Times article is the classic manner in which the U.S. deals with all of its own crimes, and anyone who attempts to "point the finger" in their direction. They LIE, OBFUSCATE, and (always) attempt to blame others for their own crimes.

I'm going to do a full commentary on this piece, because there is plenty of 'fertile soil' here (i.e. manure); so I don't want to give away too much at the moment. But look at this piece yourselves, and see if you can pick out particular ploys and techniques for its lies which we have seen again and again in previous propaganda. In that respect; let me identify some excerpts worthy of particular scrutiny -- and encourage Members/readers to supply their own "take" on the significance, starting with the opening paragraph:

Evidence outlined in a Pentagon contractor report suggests that financial subversion carried out by unknown parties, such as terrorists or hostile nations, contributed to the 2008 economic crash by covertly using vulnerabilities in the U.S. financial system.

Suspects include financial enemies in Middle Eastern states, Islamic terrorists, hostile members of the Chinese military, or government and organized crime groups in Russia, Venezuela or Iran. Chinese military officials publicly have suggested using economic warfare against the U.S.

LOL !!!!!!!!!!!!!

Regardless of the report’s findings, U.S. officials and outside analysts said the Pentagon, the Treasury Department and U.S. intelligence agencies are not aggressively studying the threats to the United States posed by economic warfare and financial terrorism.

“Nobody wants to go there,” one official said.


Mr. Vickers declined to be interviewed but, through a spokesman, said he did not say economic warfare was not an area for the Pentagon to study, and that he did not block further study.

LOL !!!!!!!!! How's that for a piece of twisted, government double-talk???

The report concluded that the evidence of an attack is strong enough that “financial terrorism may have cost the global economy as much as $50 trillion.”

Because of secrecy surrounding global banking and finance, finding the exact identities of the attackers will be difficult.



Financial terrorism suspected in 2008 economic crash

www.washingtontimes.com/news/2011/feb/28...omic-crash/?page=all

Evidence outlined in a Pentagon contractor report suggests that financial subversion carried out by unknown parties, such as terrorists or hostile nations, contributed to the 2008 economic crash by covertly using vulnerabilities in the U.S. financial system.

The unclassified 2009 report “Economic Warfare: Risks and Responses” by financial analyst Kevin D. Freeman, a copy of which was obtained by The Washington Times, states that “a three-phased attack was planned and is in the process against the United States economy.”

While economic analysts and a final report from the federal government’s Financial Crisis Inquiry Commission blame the crash on such economic factors as high-risk mortgage lending practices and poor federal regulation and supervision, the Pentagon contractor adds a new element: “outside forces,” a factor the commission did not examine.

“There is sufficient justification to question whether outside forces triggered, capitalized upon or magnified the economic difficulties of 2008,” the report says, explaining that those domestic economic factors would have caused a “normal downturn” but not the “near collapse” of the global economic system that took place...
01:38 PM
rroush wrote:



...I know that this belongs somewhere else.. I just couldn't find that "somewhere else" that I know it belongs. So forgive me in advance for starting another post on this.



Lol! I know the feeling Rroush. Sometimes I can't find a "thread" which I know is here, somewhere. And sometimes I just get so excited about some new item I post it on a new thread before I remember there's an existing thread where it should go.



Here we see a perfect illustration of the Machiavellian manner in which the One Bank perpetrates its economic terrorism. It takes its crimes and uses them as "evidence" or "precedents" to aid it in committing more crimes.

In this case; we have another "attack" on Russia's economy (i.e. more economic terrorism). But if you ask these media parrots why Russia's debt should be downgraded to "junk"; they will point to the collapse in the ruble -- a previous act of economic terrorism. And as the psychopaths pile-up their acts of economic terrorism; they all become self-reinforcing, in terms of the propaganda itself.

Why has the exchange-rate of the ruble plunged by more than 50%? Because Russia's debt is "junk"? Why is Russia's debt rated as "junk"? Because the ruble has lost more than half of its value.

Two points here. First of all; this is a classic illustration of "circular reasoning", where instead of actually explaining/justifying particular conclusions, you simply pretend that you can use the conclusions to "prove" each other.

The other, perhaps more-important point here is that all of this nonsensical propaganda revolves around PRICE ANALYSIS. As I've explained before: price is not a "fundamental" of any market or sector. Thus price-analysis is not even real "analysis"; it's simply pseudo-analysis. Yet this is all that the drones of the Corporate media (and their "experts") ever do.

They NEVER examine real fundamentals, except in the most superficial terms (i.e. they simply lie about the fundamentals). If you ask them to "explain" ANY market; every one of these charlatans will IMMEDIATELY point to prices.

How did all these drones become so totally detached from reality, so that they don't even realize that all their "analysis" is merely pseudo-analysis (i.e. jibber-jabber)? Because in legitimate markets; price is a PROXY for the actual fundamentals. It's the simplest way to attempt to "analyze" any market, for so-called "analysts" who lack either the knowledge or brain-power to engage in substantive, fundamental analysis.

And, living in a world of idiots; it should be of no surprise that the drones of the Corporate media exclusively engage in the easiest form of "analysis", even though that analysis no longer possesses the tiniest shred of validity (since we no longer have legitimate markets).

01:17 PM
The propaganda of the Corporate media gets more and more absurd by the day. It's why I've labeled this fantasy-world "the Wonderland Matrix". While we voluntarily "plug" our minds into the fantasy-world produced by the propaganda machine; unlike the movie "Matrix"; our fantasy-world makes absolutely no sense, whatsoever.

Rather than allowing this to infuriate us, however; it's best to simply laugh at the all the idiocy. In that regard; here's a good chuckle from the Kitco clowns:

Gold Prices Look Toppy As Spec Longs Rise To Two-Year High - Analysts

Of course to get the "joke"; it's necessary to supply context. We start with the fact that the price of gold is well over 30% below its all-time high of a couple of years ago. We add in the fact that with the price of gold just below $1300; it requires a price of at least $1500/oz for gold-miners to simply break even.

But it gets sillier (of course). While these (U.S.) "analysts" supposedly see the price of gold as being "toppy"; in the Land of Bubbles we see both U.S. stocks and U.S. bonds at (ridiculous) bubble-highs. Furthermore, it's IMPOSSIBLE for stocks and bonds to rise together (in legitimate markets), and they have never previously risen simultaneously in the history of markets.

Yet where do these "analysts" see a bubble right now? Gold.



Of course this is an old (U.S.) joke, some might even argue a "classic". Can anyone forget the hilarious version of this joke churned out by the Corporate media in 2007 and 2008? With the U.S. housing bubble (the largest bubble in history, at that point) having already started to burst; where did U.S. analysts see "bubbles"? In China, across an ocean.



As observed previously; based on usage of the term by the Corporate media, I've defined an "economist" as "a person who knows absolutely nothing about economics". I debated changing that definition to "less-than-nothing", but decided that some people might think that was unfair.

Now, based on the usage of the term "analyst" by the Corporate media, I can also produce a real-world definition for that term as well. A (mainstream) "analyst" is a person who is utterly incapable of engaging in analysis. This is why all the mainstream "analysts" always agree with each other. It's much, much easier for Fools and Charlatans to hide inside a herd. And we can't forget that many of these "analysts" are also "economists" (and vice versa).



Of course what this "game" is really all about is that the Corporate media is not allowed to talk about the "bubbles" where they really are, because that would WARN the Sheep, before the Wall Street psychopaths can "fleece" them (to the bone).

Buffett Sits on $50 Billion Cash-Hoard, Waiting for Bubbles to Pop

Here's a "classic" of my own; an old four-part series where I first explained what all the "bubble" propaganda really means, and Part IV is especially applicable to the current context.

Bubblemania: Part I, Defining a “Bubble”
Bubblemania: Part II, The Land of Bubbles
Bubblemania: Part III, Debt Cemetery
Bubblemania: Part IV, The Mythical "Gold Bubble"






Gold Prices Look Toppy As Spec Longs Rise To Two-Year High - Analysts

www.kitco.com/news/2015-01-26/Gold-Price...r-High-Analysts.html

Gold prices are starting the week under pressure, which is not surprising to some analysts who say that in the short-term the yellow metal has no room to move higher, as speculative gross long positions reach a two-year high.

According to the U.S. Commodity Futures Trading Commission’s Commitment of Traders disaggregated report, money-managed speculative long gold positions increased by 23,429 contracts to 155,602, for the week ending Jan. 20. This is the highest level for gross longs since November 2012. At the same time, managed funds also reduced their short exposure, reducing short positions by 3,971 contracts to 26,261. Gold net-long positions now stand at 129,341 contracts...
12:49 PM
Yesterday
rroush created a new topic S&P downgrades Russia credit rating to junk in the forums.
news.yahoo.com/p-downgrades-russia-credi...-junk-182742071.html


LONDON (AP) — Standard & Poor's rating agency on Monday downgraded Russia's credit grade by one notch to junk status, citing a weakened economic outlook.

The agency dropped the rating to BB+ from BBB- as it sees the country's financial buffers at risk amid a slide in the country's currency and weakening revenue from oil exports.

"In our view, the Russian Federation's monetary policy flexibility has weakened, as have its economic growth prospects," it said.

Russia's economy has been hit hard by the double impact of weaker prices for its energy exports as well as Western sanctions.

The Russian currency tumbled on the downgrade, dropping some 7 percent to about 68.5 rubles to the dollar.

Standard & Poor's said that Russia's financial system is weakening, limiting room for maneuver for Russia's Central Bank. It said the bank "faces increasingly difficult monetary policy decisions," while also trying to preserve incentives for growth.

The Russian economy is expected to contract by 4 to 5 percent this year for the first time since President Vladimir Putin took the helm in 2000.

Capital outflows, which averaged $57 billion annually during 2009 to 2013, soared to $152 billion last year. "Stresses could mount for Russian corporations and banks that have foreign currency debt service requirements without a concomitant foreign currency revenue stream," the rating agency said.

Russia's Finance Minister Anton Siluanov sought to play down the anticipated move, saying it reflected the rating agency's "excessive pessimism." He emphasized the Russian economy's strong fundamentals, such as high level of hard currency reserves, trade surplus and low level of state debt.

"These undoubtedly are Russia's advantages in the current macroeconomic conditions," Siluanov said in comments carried by Russian news agencies. "There is no reason to overdramatize the situation."

Prior to the announcement, Putin had a meeting with Cabinet members on anti-crisis measures. He said the government should focus on cutting spending, keeping inflation under control and making sure that the country doesn't waste its hard currency reserves.



I know that this belongs somewhere else.. I just couldn't find that "somewhere else" that I know it belongs. So forgive me in advance for starting another post on this.
06:47 PM
www.climatefundsupdate.org/data

Just to give people an idea of the amount of "funny money" we are talking about world wide and the figures are in the 10k's of millions of dollars going towards global warming. And yet, even this isn't complete.
04:43 PM
Jeff Nielson created a new topic More, silly lies after Greek election in the forums.
I'm going to cover all of the One Bank's post-election lies (following the win by Syriza) is a commentary -- this time for Sprott Money -- so I won't rehash all of that (which I just finished writing). Rather, I'll simply focus on one aspect of the silliness here: the "reaction" in precious metals markets.

What does the One Bank tend to do, automatically, any time anything happens against its own desires? It whacks precious metals. This is not as entirely infantile and arbitrary a reaction as it may first appear. In fact, virtually anything which goes against the wishes of the One Bank is supportive of higher gold/silver price. Thus to CAMOUFLAGE its own set-backs; it ALWAYS whacks gold/silver after any sort of defeat.

Of course such malice is invariably revealed, when the knuckle-draggers of the Corporate media attempt to "explain" these market manipulations. Today's "explanation" is especially moronic, because the One Bank's manipulation of gold/silver prices (lower) today is so painfully obvious.

The "official" explanation is this:

Gold prices are moderately lower in early U.S. trading Monday, on a classic “sell-the-fact” scenario following the Greek election results on Sunday. Traders had “bought the rumor” last week, heading into the important elections.

But in the very next paragraph; Kitco proves that its "explanation" is puerile nonsense:

Important weekend news saw the Greek anti-austerity party win elections by a wider-than-expected margin Sunday.

When do traders "sell the fact"? When a result is EXPECTED. With the result of Greece's election being unexpected (i.e. a surprise) the only direction in which legitimate gold/silver markets could have moved today is higher.

Ultimately; Kitco's "explanation" of precious metals prices today is an intelligence test. Anyone who believes Kitco's nonsense doesn't have any...




Gold Lower on "Sell-the-Fact" Following Greek Elections

www.kitco.com/news/2015-01-26/Gold-Lower...Greek-Elections.html

Gold prices are moderately lower in early U.S. trading Monday, on a classic “sell-the-fact” scenario following the Greek election results on Sunday. Traders had “bought the rumor” last week, heading into the important elections. Profit taking from recent gains also has gold and silver markets feeling selling pressure to start the trading week. February Comex gold was last down $10.40 at $1,282.10 an ounce. Spot gold was last down $12.00 at $1,282.60. March Comex silver last traded down $0.255 at $18.045 an ounce...
02:33 PM
2 days ago
Earl, it will take me a while to unearth anything of SUBSTANCE in what is (undoubtedly) a(nother) steaming, mound of lies. What I'll note for now is just a simple observation. I knew just from the title of your post that you were bringing us either propaganda or disinformation -- simply from the use of the word "credit" in the same line as "dollar".

The word "credit" always has a positive connotation in people's minds, even when used as a EUPHEMISM FOR DEBT, as we (once again) with this propaganda. I can illustrate this by simply 'translating' the first line of these banker-lies:

[quote]Banks and bond investors have extended $9 trillion of US dollar credit to non-bank borrowers outside the United States.[/i]

Oooh! "$9 trillion of credit" -- sounds good. Now let's translate it:

Non-bank borrowers outside the U.S. have taken on $9 trillion of U.S. dollar debt.

We look at the translation, and immediately the words "debt bubble" leap to mind. Note that this is only non-bank borrowing. How many $TRILLIONS of USD borrowing has been done by the banks? We don't know because (as always) the Criminals won't tell us, and our pretend-regulators consider it "rude" to ask.



Thus at least superficially; this is a classic illustration of the Wonderland Matrix. Hide as much information as they can from us, and what they can't hide they PERVERT with their Machiavellian language.
02:29 PM
Jeff Nielson replied to the topic Re: Climate Change conference in 2015 in the forums.
Dylan wrote:
rroush,

It's all political theater, whether from Republicans or from Democrats, and don't even try to say one is worse than the other, they are both different sides of the SAME COIN. Bought and paid for by the "One Bank".


They are indeed both sides of the same coin. It makes sense then that they fund BOTH sides of the debate.




We can be more categorical than that, Dylan. This crime syndicate ALWAYS "plays both sides" in all of its scams. You must (at least attempt to) control both sides of an issue if you want to Control The Message (which is always a top priority of the banksters).

Providing (some) "evidence" of the Banksters playing the Other Side doesn't begin to qualify as conclusive. The question is WHICH SIDE does the One Bank want to "win"?

Here we go right back to "follow the money". The Banksters' rapacious, out-of-control industrialization is the nexus more its MULTI-QUADRILLION empire of crime. Conversely, even if it actually did create all the "carbon tax-credit" conspiracies we see in their laughable disinformation; they could only make a TINY FRACTION of that amount as The Green Bank rather than the One Bank.

This is the same argument which is also always decisive, any time anyone suggests that the Banksters are "going long" in precious metals (lol!). The paltry $trillions they could potentially reap by pushing-up precious metals prices could never compensate them for the $100's of TRILLIONS they would lose when rising gold/silver prices torpedoed all of their paper frauds.

Going "green" (no matter how the One Bank corrupted the movement) is not entirely evil. And there is ALWAYS more/easier profits to be made through being completely/unequivocally evil than there is through engaging in quasi-legitimate activities.

We see the proof of this merely by looking around. The One Bank's crimes continue to get more and more evil, by the day. They will ALWAYS choose "the Evil option" in any/all of their 'enterprises'.

02:04 PM
3 days ago
Earl created a new topic Global dollar credit: links to US monetary policy in the forums.
The link to the BIS report (just released)

Appreciate any and all feedback.
Thank You
Earl

www.bis.org/publ/work483.pdf
11:32 PM
Jeff,

As has been said... follow the money...


Voting to acknowledge global warming, but refusing to acknowledge humanity's role effectively BLOCKS any/all action -- as long as the Liars can continue to perpetrate their political theater that this MATTERS (when it is really completely irrelevant).


It's all political theater, whether from Republicans or from Democrats, and don't even try to say one is worse than the other, they are both different sides of the SAME COIN. Bought and paid for by the "One Bank".

It matters not what they say,
It matters not what these petty votes are.

What matters is what they vote to pay for.

They pay for billions in funding for NASA projects to pay for studies to prove that global warming is real.
They pay for billions in funding for NOAA projects to pay for studies to prove that global warming is real.
They pay for billions in funding for DARPA projects for computers, networks, software, and computer models to prove that global warming is real.
They pay for millions (billions?) in funding towards the UN for studies to prove that global warming is real.
They pay for millions (billions?) in funding for advertising to sell the world that global warming is real.
They pay for billions to other countries and NGO's for them to pay for studies and advertising to sell the world that global warming is real.

That is what the US Congress is doing, both Democrats and Republicans and it matters NOT what they say, for it is a fact and it's what they have been doing for decades now.

The truth is, we don't even know how many agencies get funding in the US alone to prove that global warming is real, nor how many trillions have been spent on it over the past few decades. It's big bucks and I'd bet it's even more than the "bail outs" that you've been raving about for the past couple of years.

www.corporateservices.noaa.gov/nbo/fy14_...ok_2014_Web_Full.pdf
I'm not going to go through all budgets, but we'll look at NOAA as an example.
In 2014 the budget (specifically) for climate research was $472.4 mil but in 2012 it was $382.8 mil for an increase of $89.6 mil or 23.4% increase. Compared to it's overall budget in 2014 of $5447.7 and in 2012 of $4905.3 or a 11.1% increase.

As you can see, during this 2 year time period, climate research got a much bigger "pie" of the increase of NOAA's budget. Plus if you look closely at the budget, you'll see that other sections of the budget talk about "currents", "temperatures", "water levels" and other things that are clearly part of "climate research" but are separated out, but hey, that's government budgeting for you.

So that means that at minimum NOAA spent at least $472 mil directly on climate change (and like I said, I'm willing to bet many millions more, not including grants to others). I'm not going to look into NASA's budget. Nor am I going to look into every other government agency, but I'll bet that almost every agency in the country has it's hand in that pie. And how much did we send to the UN? How much did we send to other countries? How much in "unallocated funds" (much like how the country pays for wars and other "black" projects".

blog.heartland.org/2015/01/nasa-keeps-telling-warmest-lies/
01:53 PM
4 days ago
rroush replied to the topic Re: Climate Change conference in 2015 in the forums.
<sarcasm>It's official, Climate change is REAL</sarcasm>

news.yahoo.com/us-senate-yes-climate-change-real-002229559.html


US Senate: Yes, climate change is real
Washington (AFP) - In a surprise move, US Senate Republicans joined Democrats and went on record Wednesday acknowledging that climate change is real.

The symbolic amendment, attached to a controversial bill authorizing contruction (sic) of the Keystone XL oil pipeline, was approved 98-1 after Senator James Inhofe, seen as the top climate change denier in Congress, announced he was supporting the legislation.


Hrm... 98-1 is almost unanimous, but it's not so I'm sure it doesn't count.

PS. Please don't take this post too seriously, as you'll be able to poke holes in it so big as to be able to pass an oil pipeline through it... but I just couldn't resist.
05:50 PM
Jeff Nielson replied to the topic Re: Billionaire Says We Need to Live On LESS in the forums.
Thanks for the posts, DayOwl!

They provide excellent context for me to illustrate the general paradigm of lies-and-corruption in which we live. First we have our governments allowing the banksters to (literally) steal all our wealth with their fraudulent/illegal money-printing. For any who missed my analogy about Gilligan's Island and "coconut dollars", I'll repeat it again.

The Seven Castaways are stranded on Gilligan's Island. But being the banker-like individual that he is; Thurston Howell III brought along his own printing-press for the cruise (you NEVER know when you'll need one). As the island's "economy" starts to develop; Mr. Howell suggests they need their own island currency -- which he calls "the coconut dollar. And Mr. Howell offers to run the island's "central bank", i.e. HE has total control over the printing press.

To begin with; Mr. Howell is an "honest banker". That's because when you run some "con", you always have to start off by creating some veneer of legitimacy. So originally; all of the castaways are given 10 coconut dollars to use in their commerce each week.

One day; Mr. Howell gravely acknowledges that the Island is facing "an economic crisis", and (he tells them) that supposedly the only way to deal with the crisis is with "quantitative easing". What does that mean? The other six Castaways continue to get 10 coconut dollars each week, while Mr. Howell (the recipient of all "QE") gets 100 coconut dollars each week.

What happens then? With LOTS of coconut dollars (and effectively infinite coconut dollars); Mr. Howell starts to offer to pay higher prices for all of the island's goods -- because HE (alone) can afford to pay more. So even though the Castaways have the same, nominal incomes as before, they have become much, much poorer.

Mr. Howell can afford to pay ten times more for EVERYTHING (because the MONEY SUPPLY has increased by a factor of ten), meaning that the coconut dollars are effectively only worth 1/10th as much as before. Mr. Howell has created a system to STEAL 90% of the Castaways wealth, in perpetuity. Of course to make this analogy a closer fit to the real world; Mr. Howell would have also had to MANUFACTURE the "economic crisis" which led to his "QE" stealing.

Now look at our own, crime syndicate economy. The One Bank has access to $100 TRILLION, for free, every year. Meanwhile, the Little People toil away for average incomes of roughly $50,000/year.

This is one hundred trillion dollars:

$100,000,000,000,000

This is fifty thousand dollars:

$50,000

The one number is TWO BILLION times greater than the other. By giving themselves effectively infinite amounts of free money, they make all our money WORTHLESS. For every PENNY we earn in our lives; the One Bank is given $20 MILLION, for free. Indeed, the PENNY is now officially worthless in Canada, and has been removed from circulation. Conversely, one can still do quite a bit of shopping (i.e. stealing) with $20 million in ILLEGAL DOLLARS.

This means that they (like the Gilligan's island allegory) are able to STEAL ALL OUR WEALTH, in perpetuity, as we earn it. But even this isn't enough for the Thieves, as we see with the propaganda supplied with DayOwl. The Thieves don't simply want to FREEZE our nominal incomes (as they drive the value of those incomes steadily toward zero) they want to LOWER our nominal incomes -- thus accelerating the speed at which they steal EVERYTHING.

And this is reflected in DayOwl's comment about the Thieves stealing "the value of our labour". It's classic bait-and-switch. As employees, we're offered "X" dollars per year to do our jobs.

While "X" remains the same, in purely nominal terms, the value of "X" steadily/rapidly plunges to zero. The Thieves CONCEAL their rapacious stealing with their lies claiming "there is no inflation" -- while they eat their $43 hot dogs.

P.S. DayOwl did the same thing I sometimes do with my own text-links (lol), and instead of providing the ZeroHedge link, she linked to her own post (that's why it doesn't work). Here's the ZeroHedge link:

$43 Hot Dogs; $47 Burgers And $55 Caesar Salads: A Look At The Davos Menu
www.zerohedge.com/news/2015-01-23/43-hot...lads-look-davos-menu



P.S. As a final reminder; all of these Liar-Thieves already know that it is THEIR incomes, and THEIR wealth which is extremely excessive. To begin to iron-out this obscene, rapacious inequality (as I noted recently); we would have to confiscate at least 98% of their ill-gotten hoards.

IMF: Wealth Inequality Harms Economies
01:37 PM
DayOwl replied to the topic Billionaire Says We Need to Live On LESS in the forums.
This is an absolute OUTRAGE!:

“America’s lifestyle expectations are far too high and need to be adjusted so we have less things and a smaller, better existence...”

He wasn't referring to himself, of course. Just us. We need to have a whole lot less to make the banksters feel more secure.

A Billionaire Lectures Serfs in Davos – Claims “America’s Lifestyle Expectations are Far Too High”
Michael Krieger | Posted Wednesday Jan 21, 2015 at 11:51 am
    From Bloomberg:

    Billionaire Jeff Greene, who amassed a multibillion dollar fortune betting against subprime mortgage securities, says the U.S. faces a jobs crisis that will cause social unrest and radical politics.

    “America’s lifestyle expectations are far too high and need to be adjusted so we have less things and a smaller, better existence,” Greene said in an interview today at the World Economic Forum in Davos, Switzerland. “We need to reinvent our whole system of life.”

    Wait a minute, “we” need to reinvent our whole system of life? I’m curious, Mr. Greene, how specifically will YOU be adjusting your lifestyle expectations? I didn’t think so. Kindly shut the fuck up.

    Greene, who flew his wife, children and two nannies on a private jet plane to Davos for the week, said he’s planning a conference in Palm Beach, Florida, at the Tideline Hotel called “Closing the Gap.” The event, which he said is scheduled for December, will feature speakers such as economist Nouriel Roubini.

    Apologies, it appears when it comes to Jeff Greene, he is adjusting his expectations in the opposite direction, upward. Jewish Business News reports that:

    Billionaire Jeff Greene really does believe that he can get $195 million for his California estate, which just so happens to be the most expensive listing for a residential property in American history.

    The 59 year old made his money by betting against the subprime mortgage market that burst in 2008. But many observers think that the $195 million price tag on the Beverly Hills property is just a type of marketing gimmick and that Greene does not honestly expect to get that much money for it.

    Greene dispelled these rumors in an interview with the New York Times. “When you consider the value of the land and the quality of the construction. $195 million is really quite reasonable,” he said.
11:56 AM
DayOwl created a new topic Meteoric Rise in Luxury Goods in the forums.
While the 99.9% are seeing some inflation in staples and other goods, as well as some deflation due to lower purchasing power, the .1% are seeing the cost of high end goods and services go up at an astonishing rate. (Not that they're concerned.)

A few years ago, I theorized on the forums that the real value of all of the wealth being transferred to the money junkies would be less that the value it represented to the 99.9%. The overall value, because it is so terribly unbalanced, will be less than it was before.

A Zero Hedge article points to this very phenomenon:

$43 Hot Dogs; $47 Burgers And $55 Caesar Salads: A Look At The Davos Menu

The article provides a visual of the menu.

The inflation at the top is also a feature of money printing. When there are so many dollars in the hands of so few people, prices will rise to absorb those extra funds.

Everything they steal from us will eventually become nearly worthless, which is the greatest crime of all. Not only are they stealing our labor, they're stealing the value of our labor as well.
11:45 AM
Jeff Nielson replied to the topic Russia did NOT cut-off gas to Europe in the forums.
...and now I'm really glad I didn't write a commentary on this subject, as we learn that Russia has NOT cut off gas shipments to Europe (from Paul Craig Roberts).

Clearly, this was a major disinformation exercise, as sites like Zero Hedge generally do not "bite" on anything unless they consider it substantive. So was there ANY kernel of truth beneath the disinformation? All that I can find is an article about Bloomberg, where Russia is PLANNING to divert its gas supplies through Turkey rather than shipping gas through Ukraine.


Russia Did Not Cut Off Gas

beforeitsnews.com/economics-and-politics...roberts-2472538.html

The reports from the UK Daily Mail and from Zero Hedge that Russia has cut off natural gas deliveries to six European countries must be incorrect. These sources are credible and well-informed, but such a cut-off would have instantly produced political and financial turmoil of which there is no sign. Therefore, unless there is a news blackout, Russia’s action has been misunderstood...


Russia to Shift Ukraine Gas Transit to Turkey as EU Cries Foul

www.bloomberg.com/news/2015-01-14/russia...s-eu-cries-foul.html

Russia plans to shift all its natural gas flows crossing Ukraine to a route via Turkey, a surprise move that the European Union’s energy chief said would hurt its reputation as a supplier.

The decision makes no economic sense, Maros Sefcovic, the European Commission’s vice president for energy union, told reporters today after talks with Russian government officials and the head of gas exporter, OAO Gazprom (GAZP), in Moscow.

Gazprom, the world’s biggest natural gas supplier, plans to send 63 billion cubic meters through a proposed link under the Black Sea to Turkey, fully replacing shipments via Ukraine, Chief Executive Officer Alexey Miller said during the discussions. About 40 percent of Russia’s gas exports to Europe and Turkey travel through Ukraine’s Soviet-era network...
10:49 AM
5 days ago
I'm glad that Dylan replied to this post, since it reminded me that I had forgotten to get to it myself. And obviously any post with the words "income inequality" in the title is a must-read for me.



Isn't this typical of how so much in our societies has been (literally) perverted: turned into its opposite by one or more segments of the Establishment. This sort of social disease is endemic with fascism, or any other form of tyranny. The goal is to corrupt anything-and-everything so that people will simply focus on corruption outside of government itself, OR (where possible) to get newly-corrupted entities to actually serve the Establishment -- as we see here.

The point here however that this process can (at least in theory) work in reverse, where we purge the corruption from some segment of our system, and then use that newly-purged faction against the Banksters, perhaps to purge corruption in more areas.

Humanity has progressed significantly in terms of being ready/willing to treat each other in a more civilized. Unfortunately, because the Psychopaths are continually stoking new conflicts -- both external and internal -- it becomes very hard to SEE that progress. Should we ever rid ourselves of this Crime Syndicate; I suspect humanity would immediately enter what would later be described as "a Golden Age".
07:22 PM
The really unfortunate part is that in order for the Psychopath's false-flag attacks (and their "War on Terror") to remain CREDIBLE to the Zombies, there also has to be a steady stream of real (innocent) victims. And they SPREAD AROUND their body counts.

The Thugs whom the propaganda machine now call "ISIS" started off killing Muslims in Libya, if we believe the narrative from SCGnews, and I found it to be well-researched, well-documented, and presented in a very convincing manner. Next they're killing more Muslims, this time in Syria. Then they're in Iraq, and engaging in "ethnic cleansing", where (as Debsyl pointed out) the Western-funded Thugs are now killing Christians as well. Next thing you know, a few of the Thugs pop-up in France.

We know that the One Bank was arming and funding both sides during World War II. So it would be nothing but "business as usual" for them to STILL be arming/funding "ISIS", while simultaneously turning loose the U.S. war-machine on them.
07:09 PM
P.P.S. Given that this is satire: I wonder if "Harland Dorrinson" is actually an anagram of some sort?

I'm no good at figuring out those sorts of puzzles, so if anyone else can come up with something (interesting) here, please post it.

03:27 PM
Jeff Nielson replied to the topic Re: The Daily Grind in the forums.
Once again; I'm choosing to put an "update" on the paper bullion markets here (where we have a couple of years of "context" to go along with it) rather than simply doing a new/separate post on the Forum.

We have had TWO extremely significant monetary events this week, just days apart. First it was Switzerland demonstrating that the euro is WORTHLESS, through ending its (suicidal) currency-peg to the euro...

Swiss De-Pegging Reveals Worthless Western Currencies

This was undoubtedly a surprise for the One Bank (i.e. Switzerland's government did NOT ask for prior permission to do this). We know this because of the magnitude of moves in these fraudulent "markets". With its Master Trading Algorithm; the One Bank can almost TOTALLY suppress moves in markets based on changes in economic fundamentals -- even enormous fundamental changes. Thus if the One Bank had known about (and authorized) this move; there would have been a MUCH smaller leap in value by the franc against the euro.

Now we have the second momentous event: MORE "QE", this time the euro. As has been explained many times previously; "quantitative easing" is just a (despicable) euphemism for the creation of WORTHLESS (and thus fraudulent) currency by our central banks.

Here it is necessary to understand that there can be no such thing as "a little bit" of fraudulent currency, because there is no way to distinguish between the (totally worthless) paper created via "QE", and the slightly more-legitimate/less-worthless paper our central banks were churning out before this.

They have "contaminated" (in monetary/economic terms) ALL of this paper, and thus it is ALL fundamentally worthless. Thus ANY new "QE" should produce massive moves in markets, yet all we see today after the latest euro-fraud are tiny blips.

As a result of both these momentous events; gold has pushed through the manipulation choke-hold (ever so slightly), and has once again regained the utterly meaningless $1300/oz level. Silver is now back to the too-disgusting-to-be-funny price of $18/oz.

What we should be seeing with announcements like this (if we had legitimate markets) are ZERO'S being added to bullion prices with announcements like this (i.e. $13,000/oz for gold, and $180/oz for silver -- as a starter). And these prices should be reflected in ALL of these worthless Western currencies, including the USD.

When the ECB ADVERTISES the worthlessness of the euro with more "QE", it should be a reminder to markets that the Federal Reserve has already made the USD totally worthless -- with its own $trillions of (totally fraudulent) QE. And then on top of that; the Fed has simply COUNTERFEITED countless $trillions of additional "dollars".

Federal Reserve Increases Counterfeiting

However, instead of mega-moves in the prices of precious metals (and many other categories of hard assets), we see these ridiculous, fraudulent mini-moves, where the Criminals PRETEND to "adjust" prices in line with fundamentals. As previously noted; the only way it is even theoretically possible to keep ALL markets in this fraudulent choke-hold is via its Master Trading Algorithm -- which allows it to simultaneously manipulate control all markets.

The Banksters’ Master Program For Manipulating Markets



How Gold & Silver React To ECB €1.1 T Asset Purchase Program – TD Securities


www.kitco.com/news/2015-01-22/KitcoNewsM...gets-January-22.html

The gold market continues its trek higher, following the European Central Bank’s monetary policy meeting Thursday and TD Securities says the market has “clearly shifted to a buy dips mentality.” “Gold and silver, have resumed their upward momentum, with gold just above $1300 and silver above $18.30,” TD Securities says. “It is shaping up to be a solid week for both but we still look for some profit taking to emerge ahead of $1305-1320 and $18.60-19.00,” they add. As of 11:34 a.m. EST Comex February gold was trading at $1,302 an ounce, up $8.40 on the day and March silver was trading at $18.360, up 16.7 cents on the day.
01:30 PM
6 days ago
debsyl created a new topic Who is Harland Dorrinson? in the forums.
This is interesting!

Zero Hedge posted the following article, yet when I attempt to find Harland Dorrinson and the hedge fund Garrote Capital I could not find either on the internet via Google. Perhaps someone else can find this "person" and/or hedge fund. If not, one needs to consider if Zero Hedge copies articles without verifying the contents. Thankfully my son pointed this out to me before I passed it on to friends.


www.zerohedge.com/news/2015-01-20/billio...l-half-worlds-wealth

Billionaires Shocked To Learn They Only Control Half The World's Wealth
Tyler Durden's picture
Submitted by Tyler Durden on 01/20/2015 14:55 -0500

Satirically brought to you by The New Yorker's Borowitz Report,

A new Oxfam report indicating that the wealthiest one per cent possesses about half of the world’s wealth has left the richest people in the world “reeling with disappointment,” a leading billionaire said on Tuesday.

Speaking to reporters in Davos, Switzerland, where he is attending the World Economic Forum, the hedge-find owner Harland Dorrinson said, “I think I speak for a lot of my fellow billionaires when I say I thought we were doing a good deal better than that.”

Calling the Oxfam findings “sobering,” he said that he hoped they would serve “as a wake-up call to billionaires everywhere that it’s time to up our game.”

“Quite frankly, a lot of us thought that by buying politicians, rewriting tax laws, and hiding money overseas, we were getting it done,” said Dorrinson, who owns the hedge fund Garrote Capital. “If, at the end of the day, all we control is a measly half of the world’s wealth, clearly we need to do more—much more.”

In Davos, Dorrinson is huddling with other billionaires in the hopes of setting an ambitious goal for the top one per cent: to own the other half of the world’s wealth by 2025.

While he considers this target “doable,” Dorrinson said that he does not underestimate the challenge of wresting the other half from the “vise-like grip” of the approximately seven billion people who comprise the bottom ninety-nine per cent.

“Getting that other half is not going to be a walk in the park,” he said. “But ten years from now, when Oxfam says that the top one per cent owns everything in the world, it’ll all have been worth it.”
08:27 PM
The British Royal Mint announced today it is bringing back gold and silver BARS to add to its line of products. This is significant for a very important reason. What do Mints produce? They produce money.

What is Money?

It was already easy to argue that the gold and silver minted coins of these Mints were/are money, because most of them are legal tender currency, money by law. What does it say when a national Mint starts (re)producing gold and silver bars? That gold and silver (in whatever form) are money, period, and do not require the stamp of being "legal tender" to give them that status.

In turn; this affects their status for tax purposes. With their status as money (and currency) further reinforced by this latest announcement; it makes it impossible for our thieving governments to argue that we are holding a "commodity", and thus tax it as such.

As long as we do not "trade" (buy and sell) our gold and silver bullion -- no matter what form -- then it is always MONEY/CURRENCY, and immune to any capital gains taxation, as long as we SPEND IT and don't sell it.

Precious Metals and the Fraud of ‘Capital Gains’

P.S. Note the Snake(s) lurking in the shadows in Kitco's sycophantic reporting.





British Royal Mint Brings Back Gold, Silver Bars After 47-Year Absence

www.kitco.com/news/2015-01-21/British-Ro...47-Year-Absence.html

After a nearly 50-year hiatus, the Royal Mint announced on Wednesday its intention to offer gold and silver bars bearing the mint’s historic refinery brand.

“The Royal Mint is to bring about the return of a world-renowned bullion brand after an absence of 47 years, expanding its bullion range to offer gold and silver minted bars bearing the historic marquee of The Royal Mint Refinery,” said the mint in a press release.

The RMR brand dates back to 1852 and was operated by N.M Rothschild and Sons, the mint said, adding that the brand became a trustworthy name in the bullion market until 1968.

The combined heritage and integrity of the two brands is an added reassurance to customers looking for a cost effective way of buying gold and silver from a trusted source.” ...
[LOL !!!!!]
05:10 PM
1 week ago
Jeff Nielson replied to the topic Re: Climate Change conference in 2015 in the forums.
rroush wrote:


I on the other hand showed the opposite occurred. I've shown that the US government pays for "science" that shows man made global warming. Daily (multiple times per day) you show how the US government lies about multiple things from GDP, inflation, unemployment, etc etc. But for some reason, you believe them when they say that the sky is falling (ie temps are rising).




Wow! If you really believe that "the U.S. government" is behind global warming science then you really are too far-gone to reach.

Note also that I did not engage in simple name-calling (as you alleged). I said you were "being silly". I did not (and would not) say that you are a "silly" person yourself. I'm sorry if you took offense at that, but I simply have no other vocabulary to use as you reach for these absurd explanations.

There is YEARS AND YEARS of documented evidence of Big Oil paying for totally ridiculed pseudo-science in the early days (when there was still a "debate") which claimed to deny the existence of global warming. And Big Oil is the U.S. government, as we see with its multi-TRILLION dollar Shale Oil Scam.

Are you suggesting that (somewhere along the line) the U.S. government, Big Oil and the BANKSTERS (who control both) "switched sides"????????????????

And how can you reconcile the reckless industrial development of these actors, if they supposedly want to stop what they're doing "to save the environment"? This is all nonsensical.

Clearly if our governments (who rule with a fascist, iron fist) WANTED to implement a pro-global warming agenda, we would already be TWENTY YEARS PAST "debate", and already well into implementation of various, substantive, climate-mitigating policies. Instead, all we see is stalling and window-dressing, as evidenced by the fact that the heating/melting process is still accelerating.

You're the one who wants to have it both ways. On the one hand; we see enormous amounts of propaganda (which could only come from one place) telling us that supposedly global warming doesn't even exist. On the other hand; we have you telling us that the SAME ENTITIES are supposedly trying to ram global warming down our throats. Can't you see how insane that sounds??
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dgierl
Jeff, Did you see this?
http://www.policyalternatives.ca/sites/default/files/uploads/publications/National Office/2012/04/Big Banks Big Secret.pdf
Monday, 15 July 2013 15:10
 
Brian Boutilier
HIYO Jeff. Got your e-mail. G-day to ya.
Tuesday, 13 July 2010 13:12
 
Hank Harrington
I agree, looks good.
Tuesday, 10 November 2009 12:18
 
Brian Boutilier
Nice new Avatar
Tuesday, 10 November 2009 06:30
 
Brian Boutilier
Pardon me, but does a your dooogga biiite?
Tuesday, 11 August 2009 16:30
 
Brian Boutilier
Drink beer and prosper! Nice to see the avatar up Jeff!
Thursday, 30 July 2009 19:51
 
Brian Boutilier
Will you be, will you be, will you be my neighbor?
Wednesday, 22 July 2009 13:33
 
Brian Boutilier
Y'all need an Avatar facelift Jeff
Tuesday, 14 July 2009 06:49
 

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