Tuesday, August 03, 2010

Links of interest

New York City Panel Frees Way for Ground Zero Mosque

A New York City panel has denied landmark status to a building near ground zero, freeing organizers to build an Islamic center and mosque there.

The Landmarks Preservation Commission's decision allows organizers to transform the 152-year-old building into an Islamic community center blocks from the site of the Sept. 11 attacks.


I just got off the horn with the Ruling Elite. We had an emergency conference call and to tell you the truth, they ain’t happy. You little people are not responding the way you are supposed to. A significant portion of you are not getting more optimistic because they tell you to. Instead of just reading the headline on Bloomberg that durable goods orders skyrocketed in June, you actually read the details that said durable goods orders plunged. It is getting difficult for the ruling elite to keep the masses sedated and dumbed down. These damn bloggers, with their facts and critical thinking, are throwing a wrench into the gears. Obama and his crack team are working round the clock to lock down the internet, but it will take time. Not that they are totally dissatisfied. They’ve been able to renovate their penthouses and purchase new mansions in the Hamptons with the billions in bonuses you supplied through TARP. The $1.2 trillion supplied by your children and grandchildren to buy up toxic mortgages off their balances sheets was a godsend. They will never call you suckers, to your face.

When Globalism Runs Its Course... The Year America Dissolved

The dollar had collapsed as world reserve currency in 2012 when the worsening economic depression made it clear to Washington’s creditors that the federal budget deficit was too large to be financed except by the printing of money.

With the dollar’s demise, import prices skyrocketed. As Americans were unable to afford foreign-made goods, the transnational corporations that were producing offshore for US markets were bankrupted, further eroding the government’s revenue base.

The government was forced to print money in order to pay its bills, causing domestic prices to rise rapidly. Faced with hyperinflation, Washington took recourse in terminating Social Security and Medicare and followed up by confiscating the remnants of private pensions. This provided a one-year respite, but with no more resources to confiscate, money creation and hyperinflation resumed.

Organized food deliveries broke down when the government fought hyperinflation with fixed prices and the mandate that all purchases and sales had to be in US paper currency. Unwilling to trade appreciating goods for depreciating paper, goods disappeared from stores.

Washington responded as Lenin had done during the “war communism” period of Soviet history. The government sent troops to confiscate goods for distribution in kind to the population. This was a temporary stop-gap until existing stocks were depleted, as future production was discouraged. Much of the confiscated stocks became the property of the troops who seized the goods.


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At 8/04/2010 12:39 PM, Blogger Jb said...

Randy, I found this article linked on Jesse's Cafe site regarding gold BIS swaps:


The last sentence in this paragraph is what caught my eye.

"The Financial Times reported that more than 10 banks based in Europe swapped gold to the BIS in order to obtain U.S. dollars. Among the participating banks named in the article are HSBC, Societe Generale, and BNP Paribas. Two central bank officials told the paper that the commercial banks needed the U.S. dollars to meet demands from depositors to withdraw funds from the dollar accounts. The article does not speculate why investors may want to liquidate their holdings of U.S. dollars, but I think the main reason is a concern about the future decline in the value of the dollar."

I wonder if these investors are selling their dollars for gold?!

At 8/04/2010 8:27 PM, Blogger 45north said...

The Ruling Elite Called:
The super computers of the mega-banks are getting tired of trading with each other

Debt got us into this mess and it sure as hell is going to get us out.

The talking heads continue to pound away that you have reduced your spending too much, when anyone with a calculator and half a brain (Krugman doesn’t make the cut) can determine that the decrease in consumer debt outstanding is completely the result of write-offs by the mega elite banks. Consumers are living off their credit cards at this point.

funny and scary

on another blog I said the reality in the States is funnier and scarier (than Canada)


At 8/04/2010 9:26 PM, Anonymous Anonymous said...

The link about the mosque was stupid-9/11 was carried out by elements of the us goverment, israeli mossad, and with help and funding from saudi arabia. And even if u do believe the official fairy tale of 9/11 what difference would a mosque make two blocks away from the towers remains? aboslutely nothing...the problem in the world is the elite that run most of the countries in the world and that control both parties-THATS the problem not a bunch of muslims praying in their mosque or jews or any other group for that matter.

At 8/05/2010 1:52 AM, Anonymous Anonymous said...


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