The two most interesting stories of the past 10 days were the Je Suis Charlie Stupid rallies and the Swiss National Bank’s admission that they were wrong to defend the euro.
What is there to say about the Je Suis Charlie Stupid rallies that sprouted up like someone was planting weeds? Those multi-color printed signs were ready to go suspiciously soon after the shootings. The shooters could have been from Al Qaeda or ISIS which means they were trained, armed and funded by the CIA, MI6 and the Mossad. How can anyone be stupid enough to believe these men are Islamic terrorists when their paymasters are in the CIA headquarters back in Langley Virginia? How can anyone be stupid enough to vote for $500 million to fund more training and supplies for the armed rebels in Syria? The CIA recruits keep joining ISIS which was armed, trained and funded in Jordan in 2012. The US keeps air dropping supplies to ISIS in Iraq.
And the people who think they own our governments want us to give up what few freedoms we have left because the CIA’s proxy army killed 17 people in Paris? What about the 300,000 Syrians those armies killed including more than 100,000 Christians? We should not forget that using these proxy armies to attack Syria over the issue of chemical weapons was first devised by Richard Perle who wrote about it in position paper entitled A Clean Break written for PM Netanyahu. Obama is attacking Syria for Israel.
The Swiss have had a reputation for intelligence in economics until recent years. Their government sold off half of their gold to drive down prices. Gordon Brown did that in Great Britain years ago in order to save Deutsche Bank form certain failure. Bullion banks are allowed to lease out their gold which the Bankers sell five times over as paper certificates. Those banks get into trouble when either the price of gold goes up or their depositors ask for bars of real gold. Deutsche bank was saved by the British taxpayer.
I am reminded of interviews of elderly Brits. One woman said she was a teenage girl during the Blitz. She had to walk 5 miles home at night during a black out. She stopped to help people along the way. She said she had supported the war back then but now was wondering what it was all for.
Koos Jensen writes about Chinese gold from a cautious perspective. He and others noted that the peg of the price of the Swiss franc to the euro had forced the Swiss to buy euros to keep that failed currency afloat. Useless effort. But Jensen noted the price of gold in Swiss francs. His intuition is telling him that the Swiss Bank had massive short positions in gold to cover. Maybe.
The economy of the real world outside Wall Street and the City of London sucks. America has more than 3,100 counties. Only about 60 of those counties have experienced a recovery. They were almost all oil and energy producing areas. And then the price of oil dropped like a rock. The first quarter of 2015 will not be good for that 2% of American counties that had been making money out of oil. The Baltic Dry Index has hit a new all time low. This measures large scale shipping in Asia. If Asians aren’t making money, then nobody is.
David Stockton said we have enough excess capacity to last us decades. He pointed out excess capacity is all over the planet. Let me explain why. We have a fractional reserve banking system. In America if you deposit $100 into a bank, your banker can loan out $1,000. Doing this nationwide with trillions of dollars involved means that all that bank created money can be used to invest in things that people would not otherwise think sensible. In America people bought huge mansions they could not afford. If we did not have fractional reserve banking with money created out of nothing by Bankers, we could have built housing working people could afford.
The big upcoming event is not the American Teleprompter Reader’s speech on the State of the Union. The big event next week is the Greek vote. They are a small country. They are inspiring Leftists in Spain, Italy and Portugal. They are socialists and do not understand money. They want to stay in the European Union. The EU should be called Rothschild land. No self-respecting worker should have anything to do with it. The EU and IMF have joined together with the ECB (European Central Bank) to severely abuse the Greeks with the help of Goldman Sachs and corrupt politicians like Papandreou.
The Greeks should repudiate their debts as odious and refuse to pay. They might as well drop out of NATO and join both BRICS and the SCO to become allies of Russia, China and Iran. Go for broke. Break the sanctions against Russia and Iran. Russia is willing to buy Greek farm products. Every farmer within 500 miles of Greece would load up his truck and drive to the nearest Greek port to load his sanctioned produce on a ship headed to Russia. Money to be made there.
And then there is the matter of immigration. The Greeks can give the million plus illegal aliens in Greece over to the EU. The British voters can decide on May 7th how many of those immigrants they should be required by the EU to take. Oh! Wait a minute. The EU does not permit you to decide anything important. Too Bad.
The people who sold more than a quadrillion dollars in Credit Default Swaps have refused to pay so far except with few exceptions when taxpayers picked up the tab. A CDS is fake insurance. There is no requirement that they set aside money to pay off claims as auto and fire insurance companies do. To date they have collected trillions in premiums but did not have to pay claims. Ann Barnhard said Citibank is doubling down and selling $9 trillion in CDS every 3 months. They can do that because their former CEO is Treasury Secretary. That might change after the Greeks are forced out of the euro and the EU. Unpayable Debts are never paid even if they are guaranteed by CDS. That is why the Bankers had the Congress and the President approve a plan to let the taxpayers pay off a few hundred trillion dollars in CDS losses. That will never happen. Americans own 350 million guns.
That means people will soon refuse to buy CDS. Bankers won’t be able to afford to pay bonuses.
The ECB is going to print a lot of money to bail out Bad Banks and failed regimes in France, Italy, Spain and Portugal. The Swiss quit defending the euro. It might take awhile but the Germans will have to come to their senses before long. A rapid decline in the purchasing power of the euro will lead to a sharp inflation during a time of unemployment and excess capacity. That is the worst of all possible worlds.
The British elections look interesting. Scotland has 59 seats in the Parliament. Labour will lose a lot of MPs in Scotland to the SNP (Scottish National Party.) That had been a Labour stronghold. The local political TV shows in regions like Yorkshire and Gloucester have been showing how their races had been so close in 2010. Everyone says the Lib-Dems will be lucky if they only lose half their seats. I think they could lose more than half. UKIP will grow. I like them because they are anti-EU and anti-Global Warming. I do not like their defense of the Bankers in the City of London. I am a lot more radical than those European political parties.
The politicians of Europe need to understand the EU is going down. When it goes, politicians will need to adapt. In the UK a lot of money is made out of the City of London because they are corrupt and every crook from New York to Asia operates there to avoid jail and taxes. There is another event headed their way in addition to the EU going under. The West and especially Great Britain has more Unpayable Debts to cancel than at anytime in their history. A Depression is a period in time when Unpayable Debts are cancelled en masse. That means they are headed to the worst Depression ever.
The EU has chosen to use inflation to cancel debts as Germany did in 1923. That did not work out well then and won’t work now.
The Swiss said nein. The Germans will also say nein. Someone in the UK or in Italy, Span, Portugal or Greece should demand worldwide Debt Cancellation and the issuance of a deft free currency like President Lincoln’s Greenbacks. The British parliament recently debated money creation. A citizen petition has forced the Dutch Parliament to accept their demand for a debate. This was sparked by a group of actors who had made a comedy skit explaining to people how money was really made. It was performed on Dutch TV so they have popular support. And it was also performed at the Dutch Central Bank. Some 35 people signed their petition. Others were shocked. One Banker had to be carried out.
The world does not have much time left. The End is Nigh. Not sure whether that is Good News or Bad. Never know until we get through it.
I will close with the video below. I should warn you that the man who made this video is right about money but does support Israel.
You might want to take a look at some of my other articles:
The Twelve Steps Of Gentiles Anonymous
Israel Killed JFK And Has Ruled America Ever Since.
Mr Wiesel, I Would Like To Ask You A Few Questions.
Resurrecting Israel Did 911. All the Proof In The World
Holy Holohoax. My Government Wouldn’t Lie To Me.