tag:blogger.com,1999:blog-2992740250270600844.post8349935943257113267..comments2024-03-24T05:26:32.964-07:00Comments on Advancing Time: Fed Lowering Interest Rates Will Do Little To Fix Our Ills Bruce Wildshttp://www.blogger.com/profile/10181323607060607040noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-2992740250270600844.post-21853768688121455822019-06-30T18:45:27.075-07:002019-06-30T18:45:27.075-07:00The entire Western empire of Fractional Reserve Ba...The entire Western empire of Fractional Reserve Banking fully turned Japanese when Bear Stearns & Lehman Bros. Inc. dissolved into the ether via merger & chapter 11 bankruptcy. To assert that growth can occur within Secular Stagnation [see Summers] is to also assert that mere asset inflation & long term Quantitative Easing-QE [profligate money printing] is the only way forward for the USA given DEBT-to-GDP & deficit of tax cuts on top of that.<br /><br />War cannot stimulate the USD economy given that those dollars are far too necessary to run government. The Commercial Loans sector is flatlined because all USA corporations are to their limits & beyond on debt amassed over the last ten years. Residential sector never rebounded & believe it or not money does not grow on trees in the USA or CANADA.<br /><br />'First by inflation, and then by deflation you will wake one day to find yourselves homeless in the land that your forefathers fought & died for'. Jefferson<br /><br />USD is a Ponzi scheme that evidenced the demise of America's most historic Ponzi scheme criminal one Bernie Madoff as he was arrested by the FBI post-Lehman Bros. margin call. Bernie Madoff was the first NASDAQ chairman and while he may be the first to land in prison he is by no means the only Ponzi schemer amongst the apple barrel of rotten apples in the world of finance. JPMorgan Chase was Madoff's co-conspirator but they only had to pay the SEC parking ticket for the heist that ran 30 years. That get out of jail free card has enabled JPMorgan Chase to further profit from other felony crimes for which they paid more parking tickets.<br /><br />And the band played on.<br /><br />MOUMASTER OF UNIVERSEhttps://www.blogger.com/profile/18209003936488629467noreply@blogger.comtag:blogger.com,1999:blog-2992740250270600844.post-73835777032613338272019-06-09T09:15:48.211-07:002019-06-09T09:15:48.211-07:00Every person should start out reading G. Edward Gr...Every person should start out reading G. Edward Griffin's book "The Creature from Jekyll Island" and give it to your sons and daughters to read, whatever occupation they may be in or plan for. <br />https://duckduckgo.com/?q=g+edward+griffin+crea...<br />People need to understand that there are two parts of the pincer that is closing upon us; one natural and one man made.<br /> <br />1.)The fiat /fractional reserve, a debt based system which enables a corrupt, without rule of law, fascist (fascism is duopoly of control by government and corporations, especially the military industrial and banking) system. This is pure malinvestment and ultimately drains resources, both financially derived from whatever elements of true capitalism are left, as well as natural resources. (oil, water, topsoil, minerals). There is no money left to invest in projects that might be of help. The money will be consumed by interest payments.<br /><br /><br />2.) The decline of the energy dependent industrialized system of formerly cheap, plentiful oil, coal, and fossil fuels (not wind, solar, shale, hydro, or nuclear) is starting to stare us squarely in the face. Yes, there is plenty of oil. The problem is it is too costly to drill for it, both thermodynamically and financially. The fraudulent debt based system has enabled the shale oil Ponzi scheme to finance (e.g.pension funds, tax breaks for solar, ethanol production) essentially a form of corrupt subsidy, which accelerates our energy depletion.<br /><br /><br />See Gail Tverberg's blog at www.ourfiniteworld.com for a different analysis of the outdated traditional theory of economics- that if oil get's "scarce," supply of law and demand will raise the price and more will be produced. NOT! Rather, due to debt and the declining return of net energy unit per barrel, the economy can no longer grow, and can no longer service the debt. Oil price is too high for consumers, but too low for producers.<br />or see Steven St Angelo's blog at www.srsroccoreport.com ( focus on his energy analysis and how shale oil is the biggest Ponzi finance scheme going).<br /><br />H Zillahttps://www.blogger.com/profile/00271417681452384588noreply@blogger.com