Volume 12, Issue 50

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For quite some time we have commented that our world of commerce has become an ocean of non-energetic debt money with no method to turn this liquidity body into some sort of self renewing wealth liquidity cycle, similar to our real world’s hydrologic cycle.

Now we are seeing financial storms, hurricanes if you will, forming all around the world as this debt money creates storm surges that threaten whole countries, while central debt bankers from our Great Depression Guru Ben Bernanke, to China’s Wang Qishan, to the sovereign nation of Iceland, attempt to convince the world that their Funny Money Fiascos are really the wave of the (prosperous) future.

For our part, we will probably agree with Iceland, for they have refused to play the game. For everyone else they are attempting to play the fiasco game while at the same time keeping their national interests at the heart of the matter. It sure would be a whole lot easier if the people were not self-centered selfish dweebs and just trust their central bankers.

Here in the USA, gentle Ben seems to get the world’s precarious situation, and is attempting to do whatever is within his power to keep the world from sinking. The problem is, just as in the global warming world, where the weather seems to be showing real recent signs of global cooling, the reality is that our current financial world is truly a pending catastrophe and the political will to make required changes, seems to be on holiday, and we are not talking about a Christmas break. Read More...

Tags: debt, Great Depression, Ben Bernanke, USA, Woodstock, Jesus, Divine Providence, Natural Law, PREFER Ltd

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Contrary to what we have all been taught, to use the lyrics from the song from the 1972 movie Cabaret, “Money Makes the World Go Around” IT DOESN’T, at least anymore.

In that musical tone in 1976, “Money, Money, Money” by the Swedish pop group ABBA doesn’t seem to be working anymore either.

Yet no matter the reality that the world is drowning in a world of fiat monetary electronic bits and bytes and the loss of wealth through massive leverage continues — money still seems to be as popular as ever.

In the thirty plus years since the first expression of these songs in the global market place, tangible money has been replaced with plastic. Until recently that plastic was the source of at least a short-term credit card floating loan, or unsecured financing of an over leveraged personal lifestyle.

Especially in the United States, where before the current Great Recession began, seventy percent of the economy was financed by this consumptive obsession, we truly seemed to believe that “If Tomorrow Never Comes” someone else would handle the consequences. At least this Garth Brooks song still relates to a real world populated by real people attempting to live their lives in meaningful ways.

Tomorrow has suddenly become today, and it seems that those who said that the future would take care of itself, now have only the line, “Trust us, we know what we are doing.” That doesn’t seem to be the title of any song, but it seems that the time is right for some country music composer to do just that. When they put out the tune it should have a track that plays it backwards, so that you could get back what you lost — like your house, your truck, your kids, maybe the wife or husband, but especially your dog.

Business Insider recently had a post “15 Mind-Blowing Facts About Wealth And Inequality In America.” The first chart of that series shows that in 2006 the wealth of the top 0.01 percent of the American people was 976 times the bottom 90 percent. In 1928 just before the market crash that led to the Great Depression that number was 892.
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Tags: money, Plutocracy, Great Depression, wealth, Babylon, Belshazzar, Humpty Dumpty, Ben Bernanke, Bill Clinton, George W. Bush, Barack Obama