hmmmHey anyone out there with business management, supply chain management, computer programming (point-of-sale), human identification, accounting, standardized business practices, etc. skills, the Legacy Capitalists have a job for you.
Capitalism knows no borders and nation states don't exist anymore. The LC need a system that allows the free flow and tracking of human capital. So things like standardized ID and human recognition software for ease of identification and tracking.
A strange game. The only winning move is not to play. How about a nice game of chess?
By the end of this program, come 2015, the fed balance sheet will be directly responsible for 24% of the US total GDP. This is absolutely insane and (sarc) I am shocked the media is not running a scare mongering campaign - 'the end is near!!'
This is not end game. End game is still several years away. This is all still theater. I think we are now at the start of Act 2 of 3. Act 1 was the initial crash, start of the gold bull. Act 1 is now over with qe1, qe2 behind us. QE3 (to infinity and beyond) is the name of the game now and it needs to run for a bit before the end game can segue from stage left.
Endgame is when it is obvious TO ALL that the FED has destroyed the US economy.
madfranks (14th September 2012)
I tend to agree with you. Inflation is certainly coming, but I believe they can maneuver through high inflation for a few years. Once inflation is unbearably high, one of two things will happen: One, the fed stops printing money and raises interest rates to save the dollar and protect the "too big to fail" banks from hyperinflationary collapse; or Two, the fed adopts a policy of hyperinflation and ensures the death of the dollar. A third option I suppose would be the gov't nationalizing the fed if they stop printing money because the threat of inflation is too high for the big banks. It's a question of fed loyalty; are they more loyal to the banks or the government?
"Liberty is so creative, and the government is so stupid, that I’m very optimistic about the future"
- Lew Rockwell
I and many others think that the collapse of the USD/reserve currency is what they want, so, why grind it out? It would be much more to their benefit if one day they just pulled the orchestrated plug. Fear and doom and of course they'll have a plan to solve what they created.
"Truth is treason in the empire of lies"...Ron Paul
"A government is a bunch of people, usually, notably ungoverned"...Shepherd Book, Firefly
They've calculated 40 billion per month is what's needed to keep the ponzi alive, but for how many months I wonder? At some point it needs to be 50b/month 60b/month etc...
Do they have to announce each increase, or are they hoping nobody will notice?
(It would seem the fuse is officially lit).
madfranks (15th September 2012)
"Society in every state is a blessing, but government, even in its best state, is but a necessary evil; in its worst state an intolerable one." --Thomas Paine
Libertarian_Guard (15th September 2012),zap (15th September 2012)
Countdown - Rush
I have posted the rockets and the lyrics, which I find esoterically interesting in our current situation. Of course, I just like the song, also. Bold/red is just me highlighting interesting themes.
Lit up with anticipation
We arrive at the launching site
The sky is still dark, nearing dawn
On the Florida coastline
Circling choppers slash the night
With roving searchlight beams
This magic day when super-science
Mingles with the bright stuff of dreams
Floodlit in the hazy distance
The star of this unearthly show
Venting vapours, like the breath
Of a sleeping white dragon
Crackling speakers, voices tense
Resume the final count
All systems check, T minus nine
As the sun and the drama start to mount
The air is charged
A humid, motionless mass
The crowds and the cameras
The cars full of spectators pass
Excitement so thick you could cut it with a knife
Technology...high, on the leading edge of life
The earth beneath us starts to tremble
With the spreading of a low black cloud
A thunderous roar shakes the air
Like the whole world exploding
Scorching blast of golden fire
As it slowly leaves the ground
Tears away with a mighty force
The air is shattered by the awesome sound
Like a pillar of cloud
The smoke lingers high in the air
In fascination
With the eyes of the world
We stare...
Patience comes to those who wait.....calculate distance, drop, wind speed, relax and gently commit.
Once the economist's neurons and dendrites are fully programmed (usually for life), economists serve as robotic broadcasting devices explicitly designed to hide the political nature of the economy from the public. In other words, the economist serves no function in society except to protect the ruling elites from public scrutiny while they loot the planet. Jay Hanson