October 14, 2008
Elaine Meinel Supkis
I arrived on this planet exactly 58 years ago. It has been quite an adventure. I have lived through several economic cycles. Just as I went from a baby carriage to a tricycle to two wheeler bikes. then horses and finally to cars, trucks, and tractors, so has my ability to discern and understand basic economic forces has undergone many changes, hopefully upwards due to accumulation of knowledge. And this I know: the frenzy of delirium in yesterday's stock markets was totally insane and a harbinger of the hyperinflation to come as central banks tap into FUTURE taxpayer bases to artificially restart the lending mania which fuels all inflation cycles. This is bad news in the middle of 'good news'. The drunks on Wall Street are happy. They will crash the economic car when they try driving it wildly, while drunk.
Financial Crisis: Gordon Brown calls for 'new Bretton Woods'
He said that British wartime spirit could be crucial in securing such a deal and added that world leaders must show the courage of Sir Winston Churchill to deal with the current crisis.
In a speech to business leaders, the Prime Minister warned that the coming days would be a "crucial time" for the world economy.
The Bretton Woods agreement - named after the American hotel where it was agreed - was a historic deal signed in 1944 to shore up the global economy after the Second World War. Under the deal, exchange rates were fixed for almost thirty years and the value of the dollar was linked to gold, ensuring its status as a global currency.
The Bretton Woods negotiations during and after WWII were designed for one purpose only: to restart the UK and French empires that cruelly ruled half of humanity! This project to revamp these vampire empires failed miserably as a rising tide of revolutionaries fought fiercely and heroically to other throw the European aliens. From China to Indochina, from India to Africa, across the planet, one group after another picked up weapons and tore into the French and British overlords and overthrew them.
Occasionally, the US threw its entire weight behind these colonial uprisings. In Korea, this was half-successful. To this day, the US authorities are still extremely unpopular in South Korea. In Vietnam, we fought with terrifying ferocity and bombed, bombed, bombed Vietnam and all of Indochina relentlessly. Literally, in McCain's case.
To fund these dying empires, the US made a deal with them that they could set an artificial peg for their currencies. Germany and Japan were finally included in the Bretton Woods system so they could both grow like crazy and take over the US/UK/French system. They are still quite happy that we did this for them. They will keep us alive so long as we defend them both from their scary rivals who they both tried to annihilate, Russia and China.
Back to Bretton Woods: the US had the majority of the planet's gold hoards after WWII, more than Switzerland. It is comical that both Switzerland and the US are being reduced to beggars due to losing the gold hoards!
So....is Britain asking for us to return to the gold standard? HAHAHA. Or maybe I should write, 'WWWW' which is the icon for 'HAHAHA' in Japan and possibly, China? I don't see the empires of the G7 complex demanding gold be the basis for money making! They want to make infinite funny money and pour it into the Floating Currency stew! They want to have effortless money making with no barriers. They want the Goddess of Inflation to fly like a kite from hell...at 0% interest, of course.
We are entering the realm of international insanity. Everyone is ecstatic. The mania exhibited today is remarkably like a drunken orgy on Mt. Olympus when Pan plays a tune on his pipes and the women scream, tear goats in half with their bare hands and swing the carcass wildly about as they go totally nuts.
U.S. Treasury Said to Invest in Nine Major U.S. Banks
(Bloomberg) -- The Bush administration will invest about $125 billion in nine of the biggest U.S. banks, including Citigroup Inc. and Goldman Sachs Group Inc., in the government's latest attempt to shore up confidence in the financial system.
The proposed cash injections in exchange for preferred shares are part of a $700 billion rescue approved by Congress and follow similar moves by European leaders to unfreeze global credit markets by helping beleaguered banks. The other companies are Wells Fargo & Co., JPMorgan Chase & Co., Bank of America Corp., Merrill Lynch & Co., Morgan Stanley, State Street Corp. and Bank of New York Mellon Corp., said people briefed on the plan.
``It's a good thing, it's what needs to happen, it will allow the markets to start functioning again,'' said Ralph Cole, a vice president for research at Ferguson Wellman Capital Management Inc. in Portland, Oregon, which oversees $2.7 billion including shares in JPMorgan, Wells Fargo and Goldman.
Do you all want to know who actually owns the Federal Reserve? The Federal Reserve is a private bank consortium. And to look up the names of the owners, look at the list of the banks which the Federal Treasury which is run by our government and which is paid for by the US taxpayers, just look at the names I highlighted above! HAHAHA. They are openly and cynically looting the Treasury!
Continued>>>
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