(WARNING: This article contains words that may be inappropriate for the kids that use them)
There are two guys I would trust to tell me the truth about how they break it off and, leave the crackheads chasing derivatives, "a lil some some" for the wake up.
Percy Miller used street smarts and intellectual property law to amass a fortune once estimated at 600 Million Dollars. His current net worth is estimated at around $350 Million. He learned economics on the street corners of New Orleans hustling crack, a derivative of cocaine, a derivative of the leaves of the coca plant. Now 44, Percy, aka, Master P, is semi-retired and tours the world. He tells his story to crowded rooms of radical youth. He encourages them to wake up and learn the game.
Ben Bernanke, The current talking "Head" of the Federal Reserve, was a smart kid from a good Jewish Family who went to Harvard where he lived with Lloyd Blankfein, the future CEO of Goldman Sachs. Bernanke eventually became a Stanford Economics Professor, then a tenured professor at Princeton until his taking a leave of absence in 2002. From 2002 through 2005, he served on the Board of Governors of the Federal Reserve Banking System. In 2005, he went to work for the European banking interests and became the current Chairman of the Federal Reserve: A Private Bank that dictates monetary policy in the United States by lending it money.
Bernanke has never done anything for money. If you have ever had the pleasure of meeting an economist, they are mostly well off guys who share a car into work, wear the same tan sport coat, and advise a lot of other people on what to do with large sums of Money. But they pretty much can't do anything else but talk about it. They live in a fantasy world, where the ghosts of John Maynard Keynes and J.K. Galbraith haunt the hallways of ALL institutions of higher education, all running from Malthus the unfriendly ghost. Not one of them could hit the streets of New Orleans and make a dollar out of 15 cents without turning a trick. They do not generate any of the gazilions of dollars that they eventually get to "move" for the banking systems that need their services.
The Federal Funds Rate, the rate the Federal Reserve charges banks for loans, has been hovering a pubic hair over zero for the last THREE YEARS. There's no where else to go. How a Nigga gonna get paid if he paying mother fuckers to smoke his shit! That is a rhetorical question and therefore it does not require a question mark if an exclamation point better describes the tone of the conversation.
How are the foreign bankers going to get paid if they are already giving us money at cost? That was a question and if you ain't got no answer then you need to axe some body. If the language offends you then you need to wake up and stop being racist to think that ALL MEN ARE NOT THE SAME. They Are. They just communicate economic principles in different vernaculars. But know this. They will all smoke your ass if you try to jack their shit. Axe Kennedy. Oh, he can't tell you cuz they shot him in the throat before they blew his head into several pieces.
Forgive me, while I digress.
"Man it ain't nothin' but a thang to let ya nuts hang
Cause in this game a million niggas tried to fuck the same thang
I know it be like on, on my block
Niggas must be on the cell while another's on the short stop
It won't stop and it won't quit
Tell me another quick way for a nigga to check a grip, shit
I'm kind of in a rush, it's kind of like a must
To get some, in God we trust" - Master P
So who's on the phone? Let's break it down. This man is bold and brash. He's willing to stand there in defiance, exposed in front of all those that attempt to enter his industry. The action is good, there are only so many geographic points of sale, so all competitors must be eliminated. His organization needs to be operated at different levels. The top dog is behind six dead bolts and armed guards, he dictates the moves from a secure phone. He's establishing the price based on demand. His supply is unlimited and these crack heads got him working the markets 24-7. THIS AIN'T BEN SHALOM BERNANKE. He's that expendable bitch on the corner turning it over for the man and he thinks he's making money but he's just a trick to the real pimps. The hard core fool's on the phone calling the shots.
So who's on the phone?
Lloyd Craig Blankfein is that fools name. He's the current CEO and Chairman of the Board of GOLDMAN SACHS. That's white boy speak for "Let Ya Nuts Hang," . He ain't no economist. He's a real Nigga from the Bronx. Ran with them fools from Temple Beth and was a Concessionaire at Yankee Stadium as a kid. Went to Harvard where he pimped beers from Bernanke, then became a very good tax lawyer and friend of the biggest, baddest Niggas from upper Manha'in. He's the Gala Chairman for the Rockefeller Family's Asia Society.
"The Asia Society is a non-profit, non-partisan organization whose aim is to build awareness about Asian politics, business, education, arts, and culture through education." - wikipedia
End of Digression.
So how do you make a dollar out of 15 cents.
Well you could d it Master P's way:
Processed coca leaves - $140
Butane, baking soda, misc. supplies - $6
Bullets - $4
Street corner in New Orleans - Priceless!
Cook it up. Break it up into 150 little rocks, and sell each one for $10. Ka-Ching! $1500 bills each saying "In God We Trust."
Now let's look at Rockefeller's way:
He jacks you for a dollar. They ain't paid for shit since 1839. He takes your dollar, that you actually bring to him, he pockets 9 cents and he give 81 cents to his boys who either lend it back to you for the Vig, or invest in their homies biznisses. You really only have just $10 in required reserves. Sometimes his homies lend their boys money knowing damn well they gonna shut down the crack house and run with the loot. Solyndra, MF Global, Enron, etc. He don't care he got paid already and it's your money he lent them any way. So when his homies get in trouble they gots to come back to him for cash. So he tells his bitch Bernanke to break them off some grip and he floats them til their next big score.
So Bernanke, like the little bitch that he is, just gave the European Banks 600 Billion dollars on Christmas Eve. While you were all tripping cuz your kids were more important then your mortgage payment this Christmas, they jacked us for $600 Billion buy purchasing their own debt. Blankfein got a call from Rockefeller, Bernanke got a call from Blankfein, but no one called you to ask them if they could give away your money. Well it's technically not your money yet. That's the "how they are going to make a dollar out of 15 cents" part. Here's how.
The Federal Reserve has had a plan in place to fight the economic problems resulting from the banking deregulation and real estate debacles we all believe to be past us. Not for the economists. They know money is like a moving train. It just doesn't stop and reverse it's direction. It sometimes takes miles to stop a train and if not done properly, derailment and catastrophe are imminent. So with money.
On November 21st, 2002. Ben Bernanke, new to the Board of Governors, gave a speech to the National Economist's Club in Washington, D.C., regarding his "theoretical" Federal Reserve action plan for the recovery of the American Economy. He wasn't the Chairman at the time, but he had a plan. He became the Chairman in 2005 and by 2010 his plan was well under way.
"However, a deflationary recession may differ in one respect from "normal" recessions in which the inflation rate is at least modestly positive: Deflation of sufficient magnitude may result in the nominal interest rate declining to zero or very close to zero. Once the nominal interest rate is at zero, no further downward adjustment in the rate can occur, since lenders generally will not accept a negative nominal interest rate when it is possible instead to hold cash. At this point, the nominal interest rate is said to have hit the "zero bound.""
- - Ben Bernanke, 2002
"since lenders generally will not accept a negative nominal interest rate when it is possible instead to hold cash." That's White-Boy rhetoric for "How a Nigga gonna get paid if he paying mother fuckers to smoke his shit!" So we are here, right now, with these Niggas wondering how they gonna get paid for The European Banking bailout and them ole Iraqi War Bonds.
Your Hard Earned Cash is the Coca leaf.
The Banker takes your cash and buys private securities and makes Cocaine.
They mess up and get busted so then the fed bails them out for billions and prints new dollars and sells this U.S. Debt to make crack cocaine.
Now there's no more crack to sell. So now they gots to go and buy their crack back. Get everyone off the old good Crack, and get them on some new devalued dope shit. How do they do this? They say they got bad crack out there, they are going to buy up all the crack and let everyone get some new crack worth double right there on the spot. Crackheads gobble that shit up and smoke it. They wait, nothing. "What the fuck is this shit? This ain't crack. This is some bullshit." Well, basically that's about whats going to happen to your crack. I mean, your higher interest bearing, dollar backed, debt derivatives.
"Although deflation and the zero bound on nominal interest rates create a significant problem for those seeking to borrow, they impose an even greater burden on households and firms that had accumulated substantial debt before the onset of the deflation. This burden arises because, even if debtors are able to refinance their existing obligations at low nominal interest rates, with prices falling they must still repay the principal in dollars of increasing (perhaps rapidly increasing) real value."
- - Ben Bernanke, 2002
So the Federal Reserve is now buying the American Debt. They are giving away dollars that are being traded for commodities at current real prices, and then they will buy that debt back at a discount and then Bernanke's words will frightfully have to be headed given his next move is an inevitability already thought of that will hit you like they just found little green men on mars.
"Although a policy of intervening to affect the exchange value of the dollar is nowhere on the horizon today, it's worth noting that there have been times when exchange rate policy has been an effective weapon against deflation. A striking example from U.S. history is Franklin Roosevelt's 40 percent devaluation of the dollar against gold in 1933-34, enforced by a program of gold purchases and domestic money creation. The devaluation and the rapid increase in money supply it permitted ended the U.S. deflation remarkably quickly. Indeed, consumer price inflation in the United States, year on year, went from -10.3 percent in 1932 to -5.1 percent in 1933 to 3.4 percent in 1934.17 The economy grew strongly, and by the way, 1934 was one of the best years of the century for the stock market. If nothing else, the episode illustrates that monetary actions can have powerful effects on the economy, even when the nominal interest rate is at or near zero, as was the case at the time of Roosevelt's devaluation."
- - Ben Bernanke, 2002
That's whits boy speak for saying "FUCK EM, MORE BAKING SODA." They are going to take your hard earned dollar and turn it into 15 cents, they gave the European Banking Interests your 85 cents, and now they are going to add a shit load of baking soda and call it a dollar and give it back to you. The European Bankers fronted by the Rockefeller's, Morgan's, and Goldman Sachs are Banksters. They are ruthless and they will kill if you try to step to them and try to get what's yours.
"Fiends want credit but cha' know I can't fade ya
When you get cha' cash together call me on my pager
I'm stressin' off the game, I barely gets sleep
I just had to bail my lil' partner last week
In and out of aves gettin' chased by the 5-0
Gettin' my hustle on, a way of survival
And if I get caught I got play
But I ain't goin' out without two stones to the head."
- - Master P
Neither are the Banksters!
