Strangely enough the Greek government has not been paying its bills either, but if the government owes you money and does not pay, the law does not allow you to
offset that amount against taxes you owe the government.
GREEK: We Greeks invented sex.
ITALIAN: Yeh, but it was us Italians that introduced it to women.
We were all left laughing for half an hour.
The 30 year bond has dropped fast recently. Swaps are not free are they some may note.... taxpayer is the joke now since we pay. As we know they will flip the switch when they choose.
As Greece looks set to miss a key reform deadline set by international lenders, which could jeopardize further financial aid, a Greek government minister said it wasn't Greece's fault that it couldn't live up to the demands of a flawed bailout program.
Nope larger scope ongoing.....
Credit Was Diverted from Production to Speculation: Among the financial results of the stock-market boom were the following: In the United States credit was diverted from production to speculation, and increasing amounts of funds were being drained from the economic system into the stock market, where they circulated around and around, building up the prices of securities. In Germany it became increasingly difficult to borrow from the United States, and the foreign loans, which kept the German financial system and the whole system of reparations and war debts functioning, were shifted from long-term loans to precarious short-term credits.
This Covers Benny and the Inkjets current landing procedure trying to land on a moving ship now herding International Central Banking cats.
Just substitute the middle kingdom for the french back then as the rate to paper to gold.
When the French gold purchases became noticeable in 1928, the Federal Reserve Bank adopted open market operations to counterbalance them, buying securities to a value equal to the French purchases of gold.
The stock-market boom in the United States was really much more drastic than is indicated by these index numbers, because these are yearly averages, and include sluggish stocks as well as market leaders. The boom began as far back as 1924, as can be seen, and reached its peak in the fall of 1929. By the spring of 1929 it had become a frenzy and was having profound effects on business activity, on domestic and international finance, on the domestic affairs of foreign countries, and on the psychology and modes of life of Americans.
"There are failures [by Greece],but you assume that the program that has been effectively imposed on us is perfect, which is far from the case," Nikos Dendias, minister of Public Order and Citizen Protection, told CNBC on Thursday. His comments come after Greek finance ministry officials said on Wednesday that Greece would not meet targets on reforming its public sector by the deadline set by international lenders, putting further financial aid in jeopardy. Once a nation gets hooked on bailout money from the IMF or from other international sources, it can be very hard to get off of it. But that is what these globalist organizations like - they want to be able to use money as a form of control. t
The American people should be made aware of the trend toward monopolization of the great public information vehicles and the concentration of more and more power over public opinion in fewer and fewer hands. Spiro T. Agnew
https://www.youtube.com/watch?v=eac-hElBkFA
read chapter 19
http://real-world-news.org/bk-quigley/07.html Small government,or perish a wasting lingering process from hell. Wake up taxpayers. If you want the financials about how
Bernanke is a sock puppet with zero power start reading at Chapter 19... This is from one of there own.
a. Taxation gives no inflation and no debt.
b. Fiat money gives inflation and no debt.
c. Bank credit gives inflation and debt.
d. Sales of bonds give no inflation but give debt.
Nations Begin to Pursue Policies of Economic Nationalism -----
soon....
World Trade System Breaks into Segregated Markets ----
warm reboot we warned of.
The Recession of 1937 -----
You would be wise to review further symptoms on this fact The recession was marked by a break in wholesale prices, a decline in business activity, and an increase in unemployment. In most countries it began in the spring of 1937 and lasted for about ten months or a year. It was caused by several factors: (1) much of the price rise before 1937 had been caused by speculative buying and by the efforts of "panic money" to seek refuge in commodities, rather than by demand from either consumers or investors; (2) several international commodity cartels created in the period of depression and early recovery broke down with a resulting fall in prices; (3) there was a curtailment of public deficit spending in several countries, especially the United States and France; (4) the replacement of capital goods worn out in the period 1929-1934 had caused much of the revival of 1933-1937 and began to taper off in 1937 <----- I would consider if we are misguided here it is in good faith to to protect taxpayers from intent of others to do harm only.
This is what is to watch now and increasing as we note since these retards always act the same: Only when there were no longer any idle resources and increased armaments had to be obtained by diverting resources to this purpose from the production of consumers' or capital goods did the period of inflation begin. At that point, a competition began between the producers of armaments and the producers of wealth for the limited supply of resources.
I have come to regard a effective tax per capita rate capped at 20 percent and watch the self licking ice cream cones wither, since if they spend over that they are imprisoned for fraud.
feds and state get not one cent more ever from the effective capital base. Tariff and measures under original articles apply to federal only. states burden defense and cost will be inline
since per capita eliminates fraud. If you want the cake to be divided equal have the other one pick which piece is half lets say as we do with children in our house. They all lie, parasites never
ask they take only. Watch the statist fools become adults when they divide the only capital base allowed and not have enough time to be political kill switches as irstasi ect....
End it or they will end us.
As we seen what Andropov did and what surfaced later unscathed by design. They are circling the herd with debt when it implodes and will claim what they want later just as the intel community did over there. Want proof?
Check the news wire in who runs the new drone program. You taxpayers are f&*ING stupid.
“Drone attacks were split between JSOC and the CIA, which keeps a separate list of targets, though it overlaps with the Pentagon list. By law, the CIA can target only al-Qaida operatives or affiliates who directly threaten the U.S. JSOC has a little more leeway, allowed by statue to target members of the larger al-Qaida network.”
Drone attacks came under particular scrutiny by the American people last year when American-born senior Al Qaeda leader Anwar al-Awlaki was killed by a CIA-led drone strike.
Texas Congressman Ron Paul warned attendees at a town hall meeting in Manchester, New Hampshire at the time that permitting targeted killings of American citizens without proper due process could set a dangerous precedent.
“Al-Awalki was born here. He is an American citizen. He has never been tried or charged for any crimes. If the American people accept this blindly and casually that we now have an accepted practice of the president assassinating who he thinks are bad guys I think it’s sad,” Dr. Paul said. “What would the people have said about Timothy McVeigh? We didn’t assassinate him. We were pretty certain that he had done it. And they put him through the courts and they executed him.”
Similarly, blogontherun.com wrote, “When the president of the United States can single handedly order the assassination of a U.S. citizen without charge or trial, we’re not just on the slippery slope toward dictatorship, we’re in free fall.”
Meanwhile, the drone industry in the United States is doing its best to promote a positive image of itself to the public.
Michael Toscano, president of the Association of Unmanned Vehicle Systems International, is optimistic that some public relations will help the industry.
“You have to keep repeating the good words,” he said, adding that the word “drones” should also be dispensed with because of its negative connotations and replaced with the term “remotely piloted vehicles.”
“Toscano made it sound like something straight out of a crisis-management textbook — or Orwell. The AUVSI wants to bombard the American public with positive images and messages about drones in an effort to reverse the growing perception of the aircraft as a threat to privacy and safety,” reports Salon.
The Association of Unmanned Vehicle Systems International already spent nearly $300,000 last year to lobby Congress.
President Obama has not only advocated the use of the drones, but is a proponent of selling them to allies such as Turkey and NATO, contending that it would help redistribute the weight of American global operations.
I predict the Chinese will in three years or less to whoever pays cash for them.
http://gulagbound.com/ Their goal: collapse America, off to the left now...