mamboni
8th April 2012, 11:15 AM
Tedbits: 2012 Outlook, Part 2 - Bombs, er...Bonds; Currencies and Gold
http://www.zerohedge.com/sites/default/files/pictures/picture-14320.jpg (http://www.zerohedge.com/users/tedbits)
Submitted by tedbits (http://www.zerohedge.com/users/tedbits) on 04/08/2012 10:37 -0400
Central Banks (http://www.zerohedge.com/taxonomy_vtn/term/10130)
George Orwell (http://www.zerohedge.com/taxonomy_vtn/term/9679)
None (http://www.zerohedge.com/taxonomy_vtn/term/118)
The UNFOLDING destruction of the developed world’s economies and financial/currency systems continues apace. Public servants are trying to defy Mother Nature with the stroke of a pen; she will not yield to this. Radical Marxist POLITICAL solutions to practical problems are at the end of their collective ropes (double entendre intended). You CANNOT store wealth in paper, PERIOD. Those who do will get what they deserve: NOTHING. It has been and will be printed endlessly from this point forward as Socialist government policies have destroyed wealth creation and substituted Ponzi asset-backed economies in their place. Now those economic models have reached their COLLECTIVE endpoints.
Economies based on models of consuming wealth rather than producing wealth are DOOMED, and this is the definition of the developed world. Switching back to the wealth-production model used prior to 1971 in the developed world will be painful as our leaders have FORGOTTEN what wealth-creating policies to implement and how to do so.
The financial systems of the world sit on TOXIC paper (government bonds and currencies) and they call them assets and reserves – they are NOT, THEY ARE LIABILITIES! To see the enormity of government debt in the biggest economies in the world look at this graphic from www.demonocracy.info (http://www.demonocracy.info/) :
http://www.tedbits.com/TB-ImagesForWeb/TB-Feb24-12-1.jpg
These are worthless checks which can never be REDEEMED in the biggest check kiting scheme in history, BAR NONE. They are backed by nothing, redeemable in nothing and PAY nothing and called RISK FREE investments. This is a testament to George Orwell and the financial illiteracy SPAWNED by PUBLIC SCHOOLS.
These financial and currency systems are run by the Central Banks and public servants and prey upon their citizen’s wealth for redistribution to government dependents, elites, crony capitalists and government employees. The whole fabric of developed-world governments is PREYING on the private sector in one manner or another: currency debasement; crony capitalism through oppressive regulation; and taxation of virtually any activity in which a human engages, and they say they are serving and protecting the public. THE END IS NEAR. They have preyed on the private sector to the point that the goose is DEAD and can no longer lay eggs.
To read the rest of this article, click here (http://www.traderview.com/tedbits/TB-Feb24-12-2012Outlook-pt2-nf.pdf)
(http://www.traderview.com/tedbits/TB-Feb24-12-2012Outlook-pt2-nf.pdf)
http://www.zerohedge.com/sites/default/files/pictures/picture-14320.jpg (http://www.zerohedge.com/users/tedbits)
Submitted by tedbits (http://www.zerohedge.com/users/tedbits) on 04/08/2012 10:37 -0400
Central Banks (http://www.zerohedge.com/taxonomy_vtn/term/10130)
George Orwell (http://www.zerohedge.com/taxonomy_vtn/term/9679)
None (http://www.zerohedge.com/taxonomy_vtn/term/118)
The UNFOLDING destruction of the developed world’s economies and financial/currency systems continues apace. Public servants are trying to defy Mother Nature with the stroke of a pen; she will not yield to this. Radical Marxist POLITICAL solutions to practical problems are at the end of their collective ropes (double entendre intended). You CANNOT store wealth in paper, PERIOD. Those who do will get what they deserve: NOTHING. It has been and will be printed endlessly from this point forward as Socialist government policies have destroyed wealth creation and substituted Ponzi asset-backed economies in their place. Now those economic models have reached their COLLECTIVE endpoints.
Economies based on models of consuming wealth rather than producing wealth are DOOMED, and this is the definition of the developed world. Switching back to the wealth-production model used prior to 1971 in the developed world will be painful as our leaders have FORGOTTEN what wealth-creating policies to implement and how to do so.
The financial systems of the world sit on TOXIC paper (government bonds and currencies) and they call them assets and reserves – they are NOT, THEY ARE LIABILITIES! To see the enormity of government debt in the biggest economies in the world look at this graphic from www.demonocracy.info (http://www.demonocracy.info/) :
http://www.tedbits.com/TB-ImagesForWeb/TB-Feb24-12-1.jpg
These are worthless checks which can never be REDEEMED in the biggest check kiting scheme in history, BAR NONE. They are backed by nothing, redeemable in nothing and PAY nothing and called RISK FREE investments. This is a testament to George Orwell and the financial illiteracy SPAWNED by PUBLIC SCHOOLS.
These financial and currency systems are run by the Central Banks and public servants and prey upon their citizen’s wealth for redistribution to government dependents, elites, crony capitalists and government employees. The whole fabric of developed-world governments is PREYING on the private sector in one manner or another: currency debasement; crony capitalism through oppressive regulation; and taxation of virtually any activity in which a human engages, and they say they are serving and protecting the public. THE END IS NEAR. They have preyed on the private sector to the point that the goose is DEAD and can no longer lay eggs.
To read the rest of this article, click here (http://www.traderview.com/tedbits/TB-Feb24-12-2012Outlook-pt2-nf.pdf)
(http://www.traderview.com/tedbits/TB-Feb24-12-2012Outlook-pt2-nf.pdf)