Some insight (to the post from SuperModerator Vulcan59), from the Money changers, Gerald Celente, and economist professor of mathematics Antal Fekete.
Gerald Celente of the Trends Research Institute
Economic trends
_http://fr.wikipedia.org/wiki/Gerald_Celente
Celente says that the U.S. economy would totally collapse by 2014 following the impacts of the banking crisis of 2008. It provides that the unemployment rate in the city of New York should be similar to that of Mexico City. He says the U.S. is on the verge of another revolution.
Antal E. Fekete
_http://fr.wikipedia.org/wiki/Antal_E._Fekete
While it may be attached to the Austrian school of economics (he claims to Carl Menger and Ludwig von Mises , while criticizing some of the views of the latter), sharing the Austrian support to the gold standard , his views on fractional reserve banking is different from that of Murray Rothbard . Gold is more to him a means of preserving the value of a medium of exchange. Coin has a dual nature: it must allow the transfer of value in space and in time. From there arise two types of currencies, historically illustrated by the coexistence of money stock ( polloi , which is derived the term pecuniary ) and currency salt ( sal , which is derived the word salary ), then the currency and money the gold coin, the first type of currency is intended to further the exchange and the second conservation value. He rejects the proposal rothbardienne gold standard 100%:
What we need is a gold standard made with elastic traffic real effects 1 .
Indeed, Fekete is a supporter of the Doctrine of the real effects ( Real Bills Doctrine ), money creation theory of classical economics (notably developed by Adam Smith ), now superseded by the quantity theory of money . The real effects are not likely inflationary , since they appear together with new goods appear, and disappear from the market when the final payment (gold), they travel spontaneously and do not even require bank, since it that are IOUs 2 .
The fractional reserve system is quite viable provided it is based on the gold standard and the effects exchangeable for the loans. There is a fractional reserve system honest and dishonest fractional reserve system, banks that practiced since the end of the gold standard, in collusion with governments that use the banking system to sell the debt .
Fekete sees a danger in falling interest rates, which he said may cause deflation rather than hyperinflation and a destruction of capital, particularly in a regime of non-convertible currency, including critical issues for funds pension, the gold standard is for him a means to protect themselves from deflation and lower interest rates, and gold should be an alternative to bonds.
He distinguishes between "non-convertible currency" and "fiat money" (fiat currency-), the first (like the dollar) too increases apparently less arbitrary and obscures the second since this increase is effected by operations 'open-market (net purchases of Treasuries by EDF ), the new currency spreads in the bond market without the risk of "flight to real property" and contributes to the continued decline in interest rates. The mechanism of "cavalry" lasts longer with the first type of currency.
CELENTE: Part 1 'The Whole Financial System is a CASINO' Published on Apr 15, 2012 by SGTbull07
_http://www.youtube.com/watch?v=X5othnG9naE&feature=uploademail
CELENTE: Part 2 - Fascism USSA: "The only way out for Psychopaths is War"
_http://www.youtube.com/watch?src_vid=X5othnG9naE&annotation_id=annotation_816257&feature=iv&v=V_O_PKbieGQ
Antal Fekete Interview Onnouscachetout January 4, 2012
Interview December 15, 2011 in Paris. any comments, or argument against argument-thank you go to the dedicated thread here:
_http://www.onnouscachetout.com/forum/topic/21004-interview-video-de-antal-fek ...=player_embedded&v=9CXK_xsfmu4#!
http://www.youtube.com/watch?feature=player_embedded&v=9CXK_xsfmu4#!
Top 5 Places Not To Be When The Crash Comes
_http://www.youtube.com/watch?v=9hVf4SStB-M&feature=player_embedded
Surviving the Economic Crash:Podcast 2005-12-17
http://www.sott.net/sott/podcast/sott_podcast_27_20051217.mp3A reader sent in an interesting article by Dmitry Orlov that compares the former Soviet Union to modern-day America, which is currently falling into an economic abyss. This week, we analyse and discuss the implications of Orlov's article. We also address one of the biggest questions people have about the economic crash: how can I prepare in order to survive the turmoil I see ahead? To answer this question, we expand on Orlov's historical observations to provide a solution that is surprisingly simple - and probably not what most people have in mind...
Session 29 March 1997
http://cassiopaea.org/forum/index.php/topic,23797.0.htmlQ: Hello
A: Hello
Q: And what name shall we use this evening?
A: Sannorri
Q: And where are we transmitting from?
A: We do not know where "you" are transmitting from, but we are translating the density communicators through that locator you know as Cassiopaea!!
Q: (Terry) Does that mean we are talking to the Cassies, or are we talking to someone else? They never did like that before!
A: Variety is the spice of life.
Q: (Laura) Well, we have a variety, we have a new person! We're allowed to do it, so can they, I guess!
A: Yes.
Q: (Laura) All right, now, let me get my questions. The first question I want to ask tonight is about Susan Brana of Gain Systems who has been corresponding back and forth with Ark... OK, what is the source of the funding behind them? {Sue Brana and Gain Systems was the same person who funded Nick Begich to write “Angels Don’t Play this HAARP. She had approached us about doing some “secret work” in relation to “developing technology from crop circles”.}
A: We know this, but, any guesses?
Q: (Laura) OK, they want us to play 20 questions. Do we have any guesses?
A: Ask Lindemann.
Q: (Laura) Well, we know who's behind it now... Rockefeller! So we're talking Rockybucks and his bunch.
A: Are we? Or, is that unsubstantiated rumor?
Q: (Laura) Well, yes, it could be unsubstantiated rumor, we don't know that it's the Rockefellers behind Lindemann. OK, let me ask this. Is it the United States government?
A: There is no such.
Q: (Laura) Well, let me try this another way. Is this SB a legitimate source of funding for...
A: It is "legitimate," as it can indeed provide unlimited funds. But, the real question is: Do you want to take advantage?
Q: (Jan) What is the price tag attached?
A: Depends upon results of experimentation.
Q: (Laura) No, I asked what's the price tag? Does it depend upon the results of our experimentation, or theirs?
A: Ours.
Q: (Laura) Yes.
A: If you discover something truly "earthshaking," well...
Q: (Laura) In other words, if we discover something truly earthshaking, the price might be very high. Is that it?
A: Maybe. Or, you could be sequestered.
Q: (Terry) In other words, put out, taken away... caged and used! (Ark) Anybody can be sequestered away from what is necessary...
A: It is possibility. {Checked gauss meter - didn't seem to be registering, and was adjusted}
Q: (Laura) OK, do you have any other comments to make about SB? What did they say now, that maybe the same funding as Lindemann was behind them also. How about, what would you call it... the Quorum. Is the Quorum behind it?
A: Yes.
Q: (Laura) OK, is the Quorum the group we're supposed to be looking for? (Terry) We have to go back and ask about the Quorum. We've got so many characters, it's worse than X-Files!
A: No, more interesting.
Q: (Terry) Yes, it is, definitely!
A: World banking conglomerate.
Q: (Terry) World bank. (Laura) I do not wish to be 'owned' in that way...
A: Not easy to avoid.
Q: (Laura) Well, I know it's not easy to avoid.
A: Will become even more difficult soon.
Q: (Laura) Well, they didn't say impossible... they just said difficult. But, on the other hand, I don't know if I want to do more difficult... well, we've got so much difficult... (Terry) ...That it's easy now!
A: Many interesting things to happen.
Q: (Laura) To happen? Where, when, how, why, and to whom?
A: You. And everyone else in your realm... Expect revelations.