conspiracy on debt?

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  • Fri, May 29, 2009 - 02:59am

    #1
    daniej

    daniej

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    conspiracy on debt?

When it obvious to most who look objectively to the global economic crises that the policy response should be tight fiscal policy and job creation, minimizing debt and enabling a sustainable way forward – but, it seems that there is an almost universal response by the different governments to do the opposite and generate enormous debts and cripple most of the western economies for decades

My question is this – is there a universal architect at work here to implement a specific strategy, irrespective if this strategy is correct or not, where the different governments don’t question this strategy, they just slavishly obey, irrespective of the merits of the strategy.

Let me state quite clearly, i am a conspiracy theorist, but to me one way to achieve this "funny" outcome is that a strategist influenced a lot of key decision makers at a global forum eg a Bilderberg meeting or a G20 meeting.  

What do u recon?  

  • Thu, Jun 04, 2009 - 03:58am

    #2
    Peak Prosperity Admin

    Peak Prosperity Admin

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    Re: conspiracy on debt?

There’s a precept in science called Occam’s Razor.  Briefly, all else being equal, the simplest model is usually the best.  To wit, conspiracies are not as necessary as one might think.  Most of the information is out there if you want to dig for it.  The other side of this coin is that a lot of what you see everyday tells the same story.  The problem being that without the proper context, it’s difficult to make any sense of it.  The propaganda apparatus in the US is mostly about emphasis rather than censorship, not that a lot of good information isn’t deliberately left out.  So where am I taking this?

Often left out of the discussions of the Enlightenment is the notion of class in general and the rentier class specifically.  The rentier class makes its living by charging rents all resources they can gain control over.  For example, forcing peasants off the land and then renting it to them for money or a fraction of the harvest.  Another example is central banking.  The bankers gain control of the power to issue.  They then lend money into existence at interest.  That interest is a form of rent on the common currency. 

What the Enlightenment liberalism tried to do was to remove the influence of the rentier class from government and markets.  This is what was originally meant by government by the consent of the governed and free markets.  The rentier class did not go willingly nor have they dissappeared.  The history of banking and finance in the US, for practical purposes the history of the US, is about a rentier class of bankers trying and succeeding in gaining control of the money supply.  If Lincoln’s greenbacks were the common currency, there would be no public debt and consequently no interest on the public debt.  All of this information and a great deal more is out there for the taking.  There is no conspiracy of debt per se.  The propaganda system has just made it inoccuous by emphasizing other aspects of our monetary system.

Consider also that the rentier class of bankers operates the biggest lobbying effort in Washington, D.C.  It’s common knowlege.  Every Congress member would give their eye teeth to get on a banking committee.  It’s a gravy train of campaign contributions.  In large part, the banking interests write the legislation and what they don’t write is rendered toothless by the lobbyists.  They get what they want.  Specifically, the repeal of Glass-Steagall.  Following that, any bank can speculate with its capital.

Capital seeks valorization, that is it seeks a mechanism to increase itself.  Of course, capital is inanimate, but the capitalists who own the capital seek to valorize their capital by one means or another.  One method is to transform their money capital into commodity and labor capital to in turn transform resources into new commodities for sale.  Another is to speculate with investment instruments.  Since new manufacture has largely moved overseas and the margins are low, instruments offer higher returns over shorter time intervals.  Why take the risk of making something when it’s easier just to throw money at brokers who can pull down big returns simply by moving money around and/or concocting complex instruments that pay big bucks based on what other real economic behavior might be doing.  That would be investing in derrivatives.

So the bankers have set up an investment and legislative environment where huge sums of capital are free to take enormous risks and create bubbles.  Bubbles always burst.  The bankers know this.  Are we to believe that the rentier class of bankers didn’t engineer the current financial crisis?  How about considering the three key kinds of evidence: means, motive, and opportunity.  Pretty good fit?  Means – they own congress.  Motive – they want to control the economy for their own gain.  Opportunity – growth in manufacture declines while growth in finance explodes.  We must concede that they had a hand in creating the opportunity.  Greenspan was big on pumping bazillions of dollars into real estate.  Recall Glass-Steagall from above.

This latest go-round in economy crashing has essentially punched a big hole in banking capital.  The result is the government borrowing the money to patch it over and stick us with the bill.  Another upward transfer of wealth in the form of interest on the public debt.  Also, since all money is bank credit, they’ve succeeded in putting in motion the destruction of demand for a certain key commodity.  That commodity would be oil.  We are at or near the all time peak of world hydrocarbon production.  Is it a coincidence  that possibly the worst crisis ever in credit happens at the same time oil production peaks?  Since oil is a finite resource, the only way to stretch it is to keep the unwashed hordes from buying it.  Oil is vital for the projection of power.  Is it time to get serious about who gets oil and who doesn’t?

If oil isn’t the issue, then why are US military forces in Iraq, Afghanistan, Pakistan, and several other "Stans", not to mention the military support for the House of Saud, Qatar, Columbia, etc?  Is it a coinsidence that the leaders of Venezuela and Iran are vilified in th press?

Lastly, consider this.  All commodites confront money in a market.  All forms of capital are at some point transformed to or from money.  Oil is the key commodity.  Its transformations from commodity to capital and refining into new commodities is vital to economic activity.  The rent on money supports the class of bankers and financiers.  Everyone else pays.

 

 

  • Thu, Jun 04, 2009 - 11:42am

    #3
    Peak Prosperity Admin

    Peak Prosperity Admin

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    The Timing of the Economic Crisis and Its Connection to Peak Oil

[quote=DurangoKid]

There’s a precept in science called Occam’s Razor.  Briefly, all else being equal, the simplest model is usually the best.  To wit, conspiracies are not as necessary as one might think.  Most of the information is out there if you want to dig for it.  The other side of this coin is that a lot of what you see everyday tells the same story.  The problem being that without the proper context, it’s difficult to make any sense of it.  The propaganda apparatus in the US is mostly about emphasis rather than censorship, not that a lot of good information isn’t deliberately left out.  So where am I taking this?

Often left out of the discussions of the Enlightenment is the notion of class in general and the rentier class specifically.  The rentier class makes its living by charging rents all resources they can gain control over.  For example, forcing peasants off the land and then renting it to them for money or a fraction of the harvest.  Another example is central banking.  The bankers gain control of the power to issue.  They then lend money into existence at interest.  That interest is a form of rent on the common currency. 

What the Enlightenment liberalism tried to do was to remove the influence of the rentier class from government and markets.  This is what was originally meant by government by the consent of the governed and free markets.  The rentier class did not go willingly nor have they dissappeared.  The history of banking and finance in the US, for practical purposes the history of the US, is about a rentier class of bankers trying and succeeding in gaining control of the money supply.  If Lincoln’s greenbacks were the common currency, there would be no public debt and consequently no interest on the public debt.  All of this information and a great deal more is out there for the taking.  There is no conspiracy of debt per se.  The propaganda system has just made it inoccuous by emphasizing other aspects of our monetary system.

Consider also that the rentier class of bankers operates the biggest lobbying effort in Washington, D.C.  It’s common knowlege.  Every Congress member would give their eye teeth to get on a banking committee.  It’s a gravy train of campaign contributions.  In large part, the banking interests write the legislation and what they don’t write is rendered toothless by the lobbyists.  They get what they want.  Specifically, the repeal of Glass-Steagall.  Following that, any bank can speculate with its capital.

Capital seeks valorization, that is it seeks a mechanism to increase itself.  Of course, capital is inanimate, but the capitalists who own the capital seek to valorize their capital by one means or another.  One method is to transform their money capital into commodity and labor capital to in turn transform resources into new commodities for sale.  Another is to speculate with investment instruments.  Since new manufacture has largely moved overseas and the margins are low, instruments offer higher returns over shorter time intervals.  Why take the risk of making something when it’s easier just to throw money at brokers who can pull down big returns simply by moving money around and/or concocting complex instruments that pay big bucks based on what other real economic behavior might be doing.  That would be investing in derrivatives.

So the bankers have set up an investment and legislative environment where huge sums of capital are free to take enormous risks and create bubbles.  Bubbles always burst.  The bankers know this.  Are we to believe that the rentier class of bankers didn’t engineer the current financial crisis?  How about considering the three key kinds of evidence: means, motive, and opportunity.  Pretty good fit?  Means – they own congress.  Motive – they want to control the economy for their own gain.  Opportunity – growth in manufacture declines while growth in finance explodes.  We must concede that they had a hand in creating the opportunity.  Greenspan was big on pumping bazillions of dollars into real estate.  Recall Glass-Steagall from above.

This latest go-round in economy crashing has essentially punched a big hole in banking capital.  The result is the government borrowing the money to patch it over and stick us with the bill.  Another upward transfer of wealth in the form of interest on the public debt.  Also, since all money is bank credit, they’ve succeeded in putting in motion the destruction of demand for a certain key commodity.  That commodity would be oil.  We are at or near the all time peak of world hydrocarbon production.  Is it a coincidence  that possibly the worst crisis ever in credit happens at the same time oil production peaks?  Since oil is a finite resource, the only way to stretch it is to keep the unwashed hordes from buying it.  Oil is vital for the projection of power.  Is it time to get serious about who gets oil and who doesn’t?

If oil isn’t the issue, then why are US military forces in Iraq, Afghanistan, Pakistan, and several other "Stans", not to mention the military support for the House of Saud, Qatar, Columbia, etc?  Is it a coinsidence that the leaders of Venezuela and Iran are vilified in th press?

Lastly, consider this.  All commodites confront money in a market.  All forms of capital are at some point transformed to or from money.  Oil is the key commodity.  Its transformations from commodity to capital and refining into new commodities is vital to economic activity.  The rent on money supports the class of bankers and financiers.  Everyone else pays.

 [/quote]

An excellent analysis, Durango . . . . . . You’ve concisely stated my take on the connection between the timing of this economic crisis, the decline of oil production, and the preservation power through aggressive militarism.  Occam’s razor, indeed . . . .

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