No. These are not my Superbowl Picks. These are
acronyms that helped to make the United States the dominant player in
computer and micro chip development. "Look before You Leap" (LBYL) is a
common idiom in many languages. But in computing, it is a operational
strategy that checks in advance for all circumstances that may make the
operation invalid. A lot of technological innovations are thwarted by
taking the time to make these sometimes redundant or unnecessary
operations.
Our original political system was separated into
three distinct "separate powers." This separation of powers provided the
checks and balances necessary to keep any one person or group from
assuming power over the nation state. Our model of government originates
from the ancient Greek and Roman systems of "trias politicas," and it
is the best way to protect the citizens inalienable civil rights from
any abuse of power by any one sector of government.
"Under this
model, the state is divided into branches, each with separate and
independent powers and areas of responsibility so that no one branch has
more power than the other branches." - Wiki, Separation of Powers
I am beginning to wonder if this is no longer the case. The real reason
that the United States has led the world in the development if
integrated circuitry and the microcomputers that need them to operate is
because the pioneers who created this industry were military folk and
if you ever saw an episode of Sergent Bilko, or McHale's Navy, or
remember Richard Gere's comshaw activity in An Officer and a Gentleman,
you would know that we don't always go by the book.
Grace
Brewster Murray was a curious kid from New York City. At the age of 7,
her mother had discovered that she had taken seven of the family's alarm
clocks and dismantled each of them in order to "determine how they
worked inside." No she wasn't the world's youngest meth head. She
eventually studied math and physics and graduated Phi Beta Kappa from
Vassar in 1928, and then received her Ph.D. from Yale in 1930.
She married a professor named Hopper and volunteered for the WAVES
during the war and became a Naval Computer Scientist who pioneered the
development of the UNIVAC and COBOL systems. She retired a Rear Admiral
and was given the nickname, "Grandma Cobol." She coined the term
"de-bugging," when she explained a system delay because, A REAL BUG WAS
STUCK BETWEEN THE CONTACTS OF A RELAY.
But many do not know
that she is the person attributed with the creation of the phrase, "It
is easier to ask for forgiveness then it is to get permission." EAFP. We
would not be where we are as a country without her. She not only
advanced our military technologically, her management style became one
of defiance of the old systematic ways that at one time had many
believing the world was flat.
"In a treatise on the leadership
style of Steve Jobs, Jay Elliot described Grace Hopper as appearing to
be "all Navy" but when you reach inside, you find a "Pirate" dying to be
released." - Wiki, Grace Hopper
"Barak Hussein Obama has taken
a couple of ideas from Rear Admiral Hopper's playbook and his most
recent activity is just a foreshadow of the things he needs to do, to
take the United States into the New World Order." - Rivera
When
you train a circus Elephant you need to start when they are babies. You
can tie them to a stake with a small rope and they will tug and tug and
tug and soon realize that it is fruitless to attempt escape. By the
time the elephant is an adult, you could tie them to a pole with that
same, now much smaller, rope. They know the routine. We are being put to
sleep by this guy because he keeps saying that he is doing these things
to help the American People.
“I refuse to take ‘no’ for an
answer,” Mr. Obama said in Shaker Heights, drawing applause from his
audience. “When Congress refuses to act and as a result hurts our
economy and puts our people at risk, then I have an obligation as
president to do what I can without them.”
I wonder if shit
comes out of his mouth like, "I can do what I want and the American
People ain't going to say shit cuz I just broke them off $160 a month."
The illegal appointment of the new Consumer Protection Czar has nothing
to do with protecting consumers. Sure, they'll tell you that the check
cashers and the payday lenders originally providing banking services to
Non-Whites and Military, are taking advantage of customers willing to
pay their rates. This is Bullshit.
They are now making ALL the
money and these "Non Banking" centers are a threat to the failing
American Banking System and they will either be eliminated or acquired
in a way that will funnel those revenue streams to the European
Banksters. Right now.
Barak Obama is not acting like the
President who represents the American People. He is acting like someone
who is doing his part to take us into The New World Order. He is acting
like someone who has taken EAFP and is running with it. I ask myself Why
would he do this? He's a former community Organizer who almost served a
full 2 year term in the senate, but who became the leader of the free
world overnight. And they said Hillary Clinton didn't have the
leadership experience. She led slick willy all the way to Monica
Lewinsky.
I quit the Foreign Service Economist thing in '92
after my office, representing the American Taxpayers, broke the Russian
Mob off with $2 Billion in guaranteed loans that we forgave to any
European lenders at 98% of the default balance. I won't get into the
game other then it is public law and knowledge and you got to either
read thousands of pages of CFR's, or know someone who has access to the
distribution of credit guarantees for the purchase of monetize-able
agricultural commodities. This same office, my bosses, worked with
Oliver North to get him commodities to give to revolutionaries with the
philosophy that, IT IS EASIER TO ASK FOR FORGIVENESS THEN IT IS TO GET
PERMISSION!
So I returned to Santa Clara to finish my MBA and
went to work in the non-profit industry. Was I in for another wake up
call. "Non-Profit, does not mean non-revenue generating." These were the
first words out of my "Marketing for the Non-Profit" class at the
Leavey School of Business. She got that right. I was a team leader in
Americorp raking in 22K. My out of town service providing non
governmental Executive Director and the other executives, mostly Harvard
fucks, made in excess of $100K.
Anyways, in 1995 we went to
this national Americorp fundraiser for City Year called CYZYGY. Service
teams from several states came together to do a real big dog and pony
show and I met some of the most fascinating and powerful minorities in
the country. Navy Admirals, Federal Judges, shit I met Blair Underwood
at his television peak.
Remember these are Harvard folks and
they are Jesuit Educated revolutionaries who are dialed in on the who's
who in geopolitics. I remember that everyone from the Chicago City Year
program were all puffy because Rahm Emmanuel, then a Senior Advisor to
Billary Clinton, was parading around this skinny nobody from some
government tit sucking community program back in Chi town.
We
got to meet them and this same cocky fucker from Sarah Lawrence College
who once told British Prime Minister Tony Blair in a speech during the
Clinton Impeachment Crisis, "Don't Fuck this up," was talking shit about
how Barak was going to be the first black President, yada, yada, yada.
Clinton, Emmanuel, Frank, Obama are all slick cats who have EAFP
management styles. They are all revolutionaries. They are all pirates. A
term only Congressman Frank would find most endearing.
They
all got a little "Captain" in 'em. The first thing that skinny brother
did when he got the briefcase was kill a bunch of real pirates from
Somalia just to let the brothers know whose side he was really on. Now
he's coming after the American People and the only thing I can see that
would justify him turning on us would be some sort of reward. I don't
think that a half breed eight cousin of Dick Cheney would settle for
just President. "Kunta gonna do more than learn to walk. I'm gonna learn
to run." This fool wants to be King. He acts like one already.
So he said: 'The fourth animal will be a fourth kingdom on the earth,
different from all the kingdoms. It will devour the entire earth,
trampling it down and crushing it. Now as to the ten horns, ten kings
will rise to power from this kingdom, and another king will rise to
power after them. He will be different from the previous kings, and will
defeat three kings.
(Dan 7:23-24)
Thursday, January 5, 2012
Wednesday, January 4, 2012
Tuesday, January 3, 2012
In The 60's: "Get Your Freak On," Was Done from a Distance
www.npr.org
Here's the Fed's likely next move in its effort to push down interest rates even further.
How To Make A Dollar Out Of 15 Cents
(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!
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!
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