AI
Saturday, January 10, 2015 7:35:22 PM
Greece...India...Russia...
http://www.zerohedge.com/news/2015-01-07/economic-terrorism-against-russia-intensifies?page=1
In 2010; the One Bank decided to destroy the economy of Greece. It did so for several reasons. It wanted to “make an example” of Greece for all the other European governments to see. This was deemed essential when (tiny) Iceland successfully broke-free of the control of this crime syndicate after the Crash of ‘08, and reclaimed its own sovereignty. It was not about to allow other European governments to follow that example, and begin to assert their own independence.
It also wanted to test its market-rigging capabilities from merely manipulating markets in order to destroy particular economic sectors, or corporations, to full-fledged economic terrorism: destroying nations(economically) with illegal market-rigging on a scale never before witnessed. Its modus operandi has been described in more detail previously, so the mechanics will only be summarized here.
In the case of the attack on Greece, because it shares a currency with other European nations; the One Bank could not use currency-manipulation as its tool of destruction (as it is presently doing against Russia). Instead, it launched its economic terrorism at the debt market of Greece.
As regular readers know; in fundamental terms the economy of Greece in 2010 was very similar to that of the United States – except obviously on a dramatically smaller scale. Like the U.S.; Greece was/is hopelessly insolvent. Like the U.S.; Greece had grossly over-invested in military spending and infrastructure, which was the primary means by which both nations became hopelessly insolvent.
But in 2010; the U.S. was (according to the Corporate media) already in the midst of “an economic recovery”: an exercise in economic mythology which is now six years long, and counting. Greece’s economy, on the other hand, with the same economic fundamentals as the U.S., suddenly took a nose-dive. Interest rates on Greece’s debts started to soar. As previously explained; it is no more difficult for the One Bank to manipulate interest rates than it is for these banksters to manipulate currencies. As Greece’s interest rate (on its gigantic debt) was pushed higher and higher, naturally this caused severe economic damage.
As the economic damage intensified; the Corporate media cited this economic damage as the “reason” for even further upward movement (manipulation) of Greek interest rates, doing still further economic damage. It was (literally) a vicious circle of crime. To put the criminal manipulation of Greece’s interest rates into perspective, if U.S. rates were driven/manipulated to a similar level; the U.S. would have to do the following merely to make interest payments on its debt:
a) Increase all taxation by 50%
b) Shut down the entire government (including mothballing the entire military)
Of course increasing all taxes by 50% and shutting down the entire government (for real, not anotherpretend “shut-down”) would do so much enormous, additional damage to the economy that even with those measures, it would be unable to continue to making interest payments on its debts for more than a few weeks. In short; if U.S. interest rates were ever manipulated to a similar level, it would experience an identical meltdown to Greece (except a hundred times larger). What happened with Greece was not “an economic collapse”, just pure economic terrorism.
With India, when the One Bank was desperate to blackmail India’s government into blocking gold-imports into that nation, it did use an attack on India’s currency. As India’s currency fell in value, we were told (by the Corporate media propaganda machine) that this was because of a rising “current account deficit”.
However, as with the vicious circle-of-crime directed against Greece; the lower the banksters drove the value of the Indian rupee with their illegal manipulation, the larger its current-account deficit grew, automatically. The evidence of the previous economic crime committed against India’s rupee was cited as the “reason” for more economic crime against India.
Supposedly, according to the propaganda machine; the real “culprit” for India’s current-account deficit was (surprise! surprise!) India’s gold imports. As soon as India’s government succumbed to blackmail, and blocked its gold imports, the rupee (magically) began to rise in value, and the “current-account crisis” dissipated.
Of course, as explained in previous commentaries; gold is a currency itself. Thus it is (was) mathematically/economically impossible for gold imports to contribute to a current-account deficit, since a current-account deficit is (essentially) a currency deficit. Obviously no nation can create a “currency deficit” for itself by importing a currency (gold).
Now, once again, we see the same pattern with the economic terrorism of the One Bank. It began with a sudden attack on the ruble, for more (fabricated) “reasons”, all conveniently supplied by the Corporate media. While a plunge in oil prices supposedly “devastated” Russia’s economy; in the U.S. – land of the mythological shale-oil “boom” – it claimed to have experienced its largest quarter of “economic growth” in 12 years.
However, after fabricating the original “reason” for the ruble’s decline, from that point onward (as with Greece, as with India) the economic terrorism itself became its own “reason” for further declines in the ruble. Obviously if the currency of any nation is (suddenly) cut in half in value this will cause an economic contraction.
The reality is that we are seeing nothing more with Russia’s “currency crisis” than a self-fulfilling prophesy (of economic terrorism). The more the One Bank attacks the ruble, the greater the damage to Russia’s economy, causing the drones of the Corporate media to claim that the ruble “deserves” to continue falling still lower.
Meanwhile, a comparison of the economic fundamentals of Russia and the U.S. make the existence of this economic terrorism crystal-clear. As recently noted by Simon Black; Russia’s financial system is ten times as strong as that of the U.S. (in terms of the reserve ratios of its banks). Furthermore, its national interest rate is at 17%, while the (ultra-fraudulent) U.S. interest rate is permanently frozen at 0%.
In any rational/legitimate world; the exchange rate of the two nation’s currencies would be precisely reversed. Indeed, as regular readers are already well aware; the U.S. government has already hyperinflated its own currency.
It shows a currency well past the point-of-no-return, in terms of triggering a hyperinflation spiral. With the U.S. dollar already fundamentally worthless, based on three different, objective metrics; every “fall in value” of any other currency versus the U.S. dollar is prima facie evidence of yet another currency crime by the One Bank.
As knowledgeable readers are well aware; even our blind/deaf/dumb financial regulators were recently forced to acknowledge the “disgusting” serial manipulation of currencies by the Big Banks (i.e. the One Bank). It is mind-numbingly obvious that in a global financial system ruled by a cabal of psychopathic currency-manipulators that every “currency crisis” experienced by a sovereign government today will be (at least) triggered by this crime syndicate – if not (illegally) manufactured in its entirety.
We’re not seeing “a currency crisis” in Russia’s economy. Rather, we are witnessing the most-extreme manifestation of economic terrorism yet perpetrated by the One Bank. And it’s continuing to get worse.
But it also must be noted that despite appearances, and the self-serving hype of the Corporate media; this Western financial crime syndicate is anything but omnipotent. Yes, it succeeded in destroying Greece’s economy, but that was after it failed to maintain its choke-hold on Iceland.
Its economic terrorism against India didn’t merely fail, it backfired. While having little long-term impact on India’s gold consumption (gold imports) thanks to rampant gold-smuggling; its currency blackmail against India’s government produced a series of unintended/undesirable consequences which were so unpalatable to the One Bank that it reversed itself, and allowed India’s government to normalize its gold market again.
Now, while the short-term damage to Russia’s economy is undeniable; we’re seeing indications that over the longer term that this, too, will be another failed exercise in economic terrorism by the One Bank. It begins with how this attack has caused Russia and China to forge even closer political and economic ties. China has essentially offered to back-stop Russia’s economy, and (with its large war-chest of U.S. dollar instruments) even the One Bank dare not launch its economic terrorism at that target.
We’re now also seeing Russia setting up a parallel electronic currency system, outside of the “SWIFT” electronic straitjacket which the One Bank uses to bully most of the nations of the world into economic compliance with the demands of these financial terrorists. If that new system succeeds (when it succeeds?) it will suddenly appear to be a very tempting financial “life-boat” which other nations may wish to embrace – to attempt to escape the One Bank’s economic choke-hold on their own economies.
The stakes here could not be more important. It is utterly imperative to the Rest of the World that Russia not be economically destroyed (and thus bludgeoned into submission) by these financial psychopaths. Conversely, it is of equal importance to the One Bank that its efforts to destroy Russia’s economy be successful.
Once a community (in this case the international community) sees someone stand up to the resident Bully – successfully – not only does it embolden other members of that community, it brings them together. United we stand. Divided we fall. Today, we are all “Russians”.
...this is from the comments section,...maybe more interesting then the selfserving gold fund article above...
Dots to connect:
1. Russia, China, and the rest of the BRICS and Shanghai Cooperation Organization nations are in a race to get their alternate financial, trade, political and defense network up and running before the US/EU/Wall Street/London City/ Israel/Rothschild/US dollar/NATO cabal collapses. As long as the US dollar holds up and the Western financial systems continue to operate in full force, the One Bank can continue financial dominance and the US can continue to use its military and spy arms to threaten the World. Who gets the benefit of trade partnership with the EU is in play. The TTIP trade agreement would tie the EU into the US dollar trade system and enfeeble the EU governments, and popular dissent against it is rising in Europe.
2. After the mountain of fraud collapsed in 2008, Europe's mountains of debt collapsed in 2009-2010. The US and EU used 2 different strategies to cope.
(a) The US covered the wounds with direct re-funding, TARP, and QE to infinity from the Fed. This has been used by Wall Street to siphon off huge amounts, which have gone mostly to the top 1% and to buy up and control politicians so that banksters are exempt from prosecution for market manipulation and fraud. The US treasury and taxpayers are firmly on the hook for any future Wall Street meltdowns (Cromnibus). In the meantime, the US government and MSM have preached "green shoots", and incipient "lift off" and published "seasonally adjusted" statistics to show a fake recovery, while welfare rolls soared and good-paying full-time jobs were replaced with low-paying part-time no-benefits jobs. Food stamps, student loans, and Social Security disability payments ballooned but have kept the lid on social unrest. Fed interventions are keeping the New York stock markets up.
(b) The EU covered the wounds by arranging to transfer the worthless sovereign bonds and bank IOUs to the IMF, ECB, and EC. That saved the French, German, Swiss, Dutch, etc. banks, and the Bank of England saved most of the UK banks from immediate collapse. Holders of Greek bonds and bank depositors in Cyprus took haircuts. Austerity was imposed on debtor countries in an attempt to prevent them from spending on social programs and infrastructure projects, to leave money for repayment of the debts. But the health of their economies was structured on abundant cheap credit being available to support rampant housing and infrastructure construction bubbles, and to support generous social programs. The apparent economic health of the southern EU nations was based upon spending borrowed money. When the cheap credit pot was removed, the underlying lack of real economic wealth production to support the debt was exposed. This meant that the debt-based jobs disappeared, unemployment soared, and as social programs were cut, medical care and welfare programs were decimated. The people have tired of austerity and unemployment, and are starting to raise hell. Greece, Spain, Italy and France are in particular peril.
Draghi's promise to do "Whatever it takes" to bail out the EU financial system worked well for a while, and sovereign debt rates have been extraordinarily low throughout the EU for the last few years. But Draghi's promise is wearing thin. Greece's sovereign bond rate has risen above 10% and Spain's may soon rise markedly. The rest of the EU's low rates look unsustainable, if real risks are considered and Draghi cannot go full QE. Draghi's attempts to drag the EU into full-blown QE are resisted by Germany. QE has not had much success elsewhere.
Germany, as the manufacturing superpower of the Eurozone, profited handsomely from the Euro arrangement, and from the credit made freely available to the rest of the Eurozone. Sort of like GM manufacturing cars and GMAC extending credit to car buyers. But when it became clear that the buyers could not pay the debts, and German banks were at risk of failure, Germany suddenly preached austerity to their buyers.
3. The Fed QE and low interest rate programs allowed some $9 Trillion in borrowed money to go via the "carry trade" into risky but high-rate-of-return investments in emerging market countries. The fall in commodity prices started to become evident in mid-2014, as emerging market economies cooled, and carry trade money started to return to the US as a "safe haven", buying up bonds and depressing real rates of return into negative territory. The same phenomenon is seen in Europe, with German bond returns in negative territory. The flight of dollars back to the US has pushed up the exchange rate of the dollar, while Japan and others are trying to achieve competitiveness by pushing down their currencies' exchange rates.
4. After Russia interfered with the US/Israeli/Saudi/Qatar/Turkey plan to depose Mubarack in Egypt and Assad in Syria and then to move Qatari, Egyptian and Israeli natural gas through Syria and Turkey into the Nabucco pipeline and thence into Europe, the US staged a coup in Ukraine with their dupes in the EU and their NATO arm, to give payback to Russia. The US/EU/NATO aims were to plunder Ukraine, kick Russia out of its Sebastopol navy base in Crimea, let loose Chevron and Exxon to frack Ukraine and the Black Sea, and to attempt to destabilize Russia so it could not support Shiite Iran or Syria. Mubarak was deposed in Egypt, and replaced with a Sunni Muslim Brotherhood supported dictator Mohamed Morsi. But Morsi was deposed within a year and replaced with the Russia- and Assad-friendly al Sisi. Assad's forces held out against the Free Syrian Army, and now ISIS has been organized and let loose to continue the fight against Assad. Russia is working with Iran and Assad to work out some political settlement. In the meantime, hopes of Qatar, Egypt and Israel supplying gas to Europe via pipeline in the near future have faded, and the TANAP/Nabucco line is at least suspended if not dead.
5. Russia sought to bypass Ukraine's stranglehold on its natural gas pipelines by building Baltic and Black Sea lines. The Baltic North Stream to Germany was completed in 2012, and Russia and Gazprom proposed the South Stream in 2007, to cross the Black Sea to Bulgaria, then via 2 branches to (a) Serbia, Hungary, and Austria, and (b) Greece and Italy. The line was planned to carry 63 Billion cubic metres of gas per year. Agreements were signed by the various governments in 2008 to allow construction.
The US, and EC under US pressure, preferred a competing project, the Nabucco line, to carry Azerbaijani and Middle East gas to Europe. Nabucco would connect with TANAP in Turkey. But lack of suppliers led to the TANAP/Nabucco line being cancelled.
The EC threw buraeucratic roadblocks in the way of South Stream in 2009, via "competition rules" which Gazprom and Russia saw as an attempt to take part ownership and control of the line and give it to EC cronies. Bulgaria, Hungary, and Austria said they would proceed with the line anyway, but after John McCain visited the Bulgarian PM Borissov in June and November, 2014, Bulgaria said it would not issue permits for the line.
6. On December 1, 2014, President Putin of Russia, on a state visit to Turkey, announced that South Stream would go to Turkey instead of Bulgaria, and there would be a line across Turkey to the Turkey/Greece border. Turkey would get an increase in gas coming via the existing Russia-Turkey gas line, and a reduction in price. The diverted South Stream would carry the same volume as formerly destined for the EU, 63 Billion cu mtrs/year of gas.
7. The Russia/Turkey South Stream deal is a potential earthquake in US/EU/Russia relations. Turkey has been a NATO member since 1952 and has been seeking EU membership for 20 years, but the EU has been playing coy. Turkey is now seen as turning away from EU alignment toward Eurasian economic alignment. Erdogan stated that Turkey was giving up on EU membership, and not too happy about NATO membership. Then he later allowed that Turkey might be persuaded to join the EU if the EU could be persuasive enough (translation: I am through kissing your butts, now you can start kissing mine).
8. The US and EU thought that Russia was so desperate from sanctions that Putin would cave to EC demands. They also thought they had Erdogan in their pocket. Not so, it seems. Erdogan is much strengthened strategically and financially, and can now charge a transit fee for gas going through to the EU.
9. The planned gas hub at the Turkey/Greek border may be a not-so-subtle hint to Greece that it could leave the EU and join a Turkey/Russia/Eurasia bloc while profiting from transit fees on gas going to the EU. Putin has renewed his call to the EU to join in the Eurasian trade bloc. The EU is now chasing Putin and Gazprom to renew South Stream to Bulgaria, and maintaining that Nabucco is not dead but would be a great way to move gas from Turkey to the EU. So far, Putin and Gazprom are not giving any encouragement to the EU ideas.
10. The sanctions against Russia are now starting to bite in the already-faltering EU, while concerns multiply over that Greece will demand debt relief or may depart or default.
11. The assault on the Russian Ruble will cause consumer inflation in Russia, but may not harm Russia as much as some expect. China has said it will not let Russia collapse. Russia has considerable reserves and not much external debt. The fall in the price of oil will have serious effects on Russia, but Russia is paid for its oil and gas at World prices, so the fall of the ruble is largely irrelevant in this area. At the same time, the fall of the ruble and sanctions will spur Russia's domestic agriculture and manufacturing.
12. The fall in the price of oil is exposing the weakness of shale oil and gas producers in the US and tar sands producers in Canada. Shale-patch junk bonds are starting to blow up. Shale oil and gas production will continue to rise for a year or so, but thereafter the high rates of fall in production fall-off of shale wells (average about 66% in Bakken wells in the first year of production) will reduce production quickly since drilling of replacement wells is being cut. The shale debacle is spreading fears throughout the US bond market, and industrial firms dependent on the shale drilling business (Caterpillar, steel producers, camp shelter builders, etc.) are seeing their share prices hit. Bankruptcies have started in the shale patch.
13. The US/EU/NATO attempts to take down Russia have forced Russia to speed its turn from the West and EU to the Eurasian bloc. Major resource export deals with China will lead to a construction boom in Russia, and will provide export revenues when they come on stream in 2017 or 2018.
14. Russia and China (and India) have continued to stockpile physical gold, and there is concern that the paper gold price suppression game may run out soon. Already, there is news that the price of physical gold in China's market is 50% over spot price, and many central banks are said to be trying to retrieve their gold from London and New York. If the Eurasia bloc moves its currencies to gold backing, or if their new SWIFT system (CRIFT?) uses gold to settle trade balances, it might have profound implications for the US dollar and the Petrodollar system.
15. "Volatility" in US markets and job losses from the shale patch meltdown may force the US Fed to resume QE soon, and give up on the pretense that interest rates will be raised.
...another comment...
I don't understand how this gets a down vote - it reads as one of the most concise, and probably extremely accurate, summaries of the events of the last few years...
....
I the Greeks are responsible for the financial mess, not the US or anyone else. It's naive to blame the US or "One Bank", whatever that is for all that is wrong in Greek, Russia, or most other places. The fiat monetary system will blow up everywhere eventually. Most people and all politians are stupid and greedy
...
...In the article I kept wonder also...what the hell is...?...ONE BANK...?
Are you guys telling me that a bank in Bangladesh, One Bank, is so very powerful that it could achieve what the writer claims in the article!
ONE Bank Ltd.
http://www.onebank.com.bd/
...this is from honestann...
Victory favors the wise and bold. So what?
Are you listening, Putin?
2015 January 11, 9:11am, Moscow: Putin plays the old OPEC card. Putin says Russia cannot afford to sell energy to foreigners at current prices, and so all energy export will cease for at least 90 days, or longer if necessary for prices to correct.
Then let's see who squeals next.
Lesson: You must play your strong hands... or you lose.
...
Well, when you go mess with somebody you better make sure you can keep up with the consequences. I believe Russia SEVERELY underestimated the power America has over the world. Putin played all his cards on Russian OIL. Now he is seeing that there is nothing sacred in this world. I bet they didn't see oil at this levels coming. And I bet America will keep prices down for a long time to starve Russia. Putin will probably be killed or impeached and somebody more " malleable " will be elected.
...from honestann...
There is one, and currently only one, generally successful way to deal with predators. First, you don't fight them on their own terms... they've rigged the game they try to suck you into, so you have almost no chance (unless they don't realize you're 20x stronger than their intelligence estimates; very unlikely).
Second, you find a time, place and manner the predators are weakest, unaware, unexpecting and most unprepared.
Third, you hit them like they hit you... with 20x more power than they can defend against. I suggest, right between the eyes. ...holysh*t; this girl is not to be f87ked with she'd start a nuclar war...
And fourth, and especially today, you attempt to find a time, place and manner that leaves you invisible, anonymous, looking like a bystander or even better, like another (albeit much smaller) victim....(and cry PMS...) Let the predators kill each other, while you appear to "sulk" on the sidelines.
In the mean time, you take every step to remove all enemies and troublemakers from within your ranks (and the Russians are apparently rather infiltrated, including by their own central bank). And you make yourself as self-sufficient as possible. Take advantage of "division of labor", but don't become dependent on other economies (all of which are run by extreme predators, or [un]-willing allies of extreme predators).
The obvious and conventional ways of dealing with every situation are BAD choices. Why? Partly because they were created and developed by the worst predators themselves, to assure anyone who adopts them is screwed. But also, because they pretty-much know how almost everyone will react to everything, and they are totally prepared, and just drooling for suckers to react in one of the conventional ways.
....
....this is interesting...
It is no longer too relevant which "nationalities" one may use as labels. The social pyramid systems based on backing up lies with violence have a global agenda. It is the pyramidion people against everyone else lower down in those social pyramid systems. Every "nation" has become systems of legalized lies, backed by legalized violence, which serve the interests of the ruling classes, against those they rule over, at least in the short to medium term. (In the longer long term, the triumphs of controlling civilization by enforcing frauds drives that entire society to be come too criminally insane to survive.)
The paradoxical final consequences are failure from too much success at controlling human societies through being able to back up lies with violence. We are buried so deep in that paradox of too much successfully controlling civilization through systems of legalized lies backed by legalized violence, that it is practically impossible to imagine digging ourselves out of that hole, especially because we continue to dig in deeper and deeper ...
The dilemma is that there MUST be some systems of death controls, which control everything else, while those have actually been developed through the history of warfare to be most successfully done through the maximum possible deceits and treacheries, which then became the foundation for political economy based on enforced frauds. By and large, it is practically impossible to have any rational public discussions about how to operate better death control systems, because of the double whammy that the established systems are run by the best professional liars and immaculate hypocrites, and so are all of the publicly significant controlled opposition groups.
The COMBINATION of thousands of years of successfully controlling civilization by being able to back up lies with violence, and thereby creating conditions wherein the vast majority of people have been brainwashed to believe in the biggest bullies' bullshit world view, and therefore, are emotionally attached to that bullshit, and have been conditioned to not want to change, nor even begin to think critically about how almost everything they believe in is basically bullshit, MEANS THAT THERE IS NO COHERENT REAL OPPOSITION TO THE ESTABLISHED SYSTEMS.
The basic public debates today consist of arguments between those running deceitful death controls, backing up fraudulent financial accounting, against those who are their controlled opposition, which still operate INSIDE of the same frame of reference of false fundamental dichotomies and the related impossible ideals, which always make the opposite happen in the real world, because, after all, they are controlled opposition.
I thought the article above was relatively excellent, and I liked the language it used to describe the One Bank's financial terrorism. However, it continues to be relatively superficial, in that it does not propose any better overall system of artificial selection, which would have to operate within the realities of natural selection. Rather, it collapses back to bullshit, as expressed through the phrase: "In any rational/legitimate world ..."
IF the author of the article above, which I will use as just another typical whipping boy in the context of my comment, actually was more "rational," then he would recognize that his notions about the ideals about a "legitimate world" are NOT "rational." Rather, those notions are the expressions of controlled opposition, operating WITHIN the same frame of reference as the biggest bullies, which promoted the old-fashioned false fundamental dichotomies, and related impossible ideals, in order to be able to become better professional liars and immaculate hypocrites, while they actually operated as the One Bank's financial terrorism.
IF we see "someone stand up to the resident Bully – successfully," then they are manifesting the paradox of having become the next biggest Bully. In that context, I recommend that we should go through enough intellectual scientific revolutions to change the ways that we think, which are the biggest bullies' ways. Anyone who continues to promote the same old-fashioned impossible ideals is still controlled opposition, because they continue to actually assist the professional liars and immaculate hypocrites operating the established systems to do so.
A more genuinely "rational/legitimate world" would have to embrace more radical truths about how human beings and human systems operate as general energy system entropic pumps. Such a thing takes a radical critique of the ways that the biggest bullies' bullshit world view also dominated the history of the philosophy of science, the same as it did all other social enterprises.
All the human realities are ALWAYS organized lies, operating robberies!
Those who became the best at doing that in the past are now the One Bank's financial terrorism. That is the culture of artificial selection that natural selection favoured in the past, precisely because it became socially successful through the maximum possible deceits and frauds. That history of warfare, which morphed into the history of economics, is mostly understood backwards, by both the established systems, and their controlled opposition groups. We are stuck inside of the double whammy paradoxes of the established systems operating through the maximum possible deceits, while their controlled opposition basically continues to stay WITHIN the same frame of reference. Theoretically, we need profound paradigm shifts in the ways that we understand militarism, within which would be similar profound paradigm shifts in the ways that we understand economics. Basically, we need to understand death controls better, so that those can back up debt controls better.
Rather than denouncing the established combined money/murder systems, which use deceitful death controls to back up fraudulent debt controls, we should be advancing the overall agenda to discuss how to operate better death controls, to back up better debt controls. That is especially imperative because progress in physical sciences and technologies has made the social pyramid systems become globalized systems of electronic monkey money, backed by apes with atomic bombs. ...(he's got that part right...Human's complicate everything...
At the present time, the first generation that was born into that situation is still alive. The same social systems that were developed for thousands of years still now exist, but those have been amplified to astronomical sizes, in ways which have made them become criminally insane: MAD Money As Debt, backed by MAD Mutual Assured Destruction. Those are the systems currently being operated through the One Bank's financial terrorism.
Nations like Russia, China or India, etc., are only able to relatively resist the One Bank's financial terrorism, because they were forced to assimilate into the global systems, and adopt the same social and physical technologies originally developed by the One Bank's financial terrorism. Similarly, there are NO other old-fashioned religions or ideologies which provide any genuine insight, since those were all various sorts of controlled opposition WITHIN social pyramid systems, based on backing up lies with violence, with their symbolic expressions of that being through false fundamental dichotomies and related impossible ideals.
One Bank's financial terrorism could ONLY be resolved better through better understanding of how and why that evolved in the first place, which is NOT possible as long as one continues to use mistaken ideals about "any rational/legitimate world."
P.S.
Here is another classic example of reactionary revolution, that goes to the wrong pole of its false fundamental dichotomies to establish its spurious "unity."
https://www.youtube.com/watch?v=gGKogwbO240
How The Elite Stay In Power
On the contrary, the only genuine solutions are better death controls. That video illustrates the same point I made regarding the article above regardomg relatively good analysis, followed by the same old bullshit "solutions:" promoting paradigm shifts, that are NOT, because those end up collapsing back to the same old-fashioned impossible ideals, which will continue to backfire badly, on every level in the real world.
....Wow, I think I understood that enough to realise that a wide enough discussion of it sufficient to cause change is just not going to happen. If it gained traction it would be eliminated.
We are just going to have to hope for the best.
...Yes, JohninMK, the ways that the opposition is controlled makes actually resolving the problems appear practically impossible, since any genuine opposition which became publicly significant would become targeted to be infiltrated and taken over, mostly through dominating the funding of those groups, in one way or another. (For instance, all of the big "environmental" organizations can no longer be trusted, since their sources funding have effectively subverted them.)
I find that holding on to irrational hope is about the only thing that I can still barely do, although I try to remember that is not rational.
You mean the 1.4 Quadrillion dollars invested in the Derivatives markets are not being used for price discovery and economic freedom....being used to rig, obfuscate and rip off the ROW....Why I'm freaking shocked! Shocked I say. Great stuff as always Jeff wish a heck of a lot more people were on to this game. The longer it lasts the deeper our hole will be....Most will continue to ignore the economic warfare and remain in firm denial that the good old USA could be capable of this type of dirty deeds. I sometimes wish I was as ignorant and naive as they. For those that still use the conspiracy theory as a defense. Please explain the $18 trillion in debt and 0% rates.
It doesn't add up!
....https://www.youtube.com/watch?v=kdPkaCTdxBU
***note this is year three...has gold and silver bottomed...???...
http://www.zerohedge.com/news/2015-01-07/economic-terrorism-against-russia-intensifies?page=1
In 2010; the One Bank decided to destroy the economy of Greece. It did so for several reasons. It wanted to “make an example” of Greece for all the other European governments to see. This was deemed essential when (tiny) Iceland successfully broke-free of the control of this crime syndicate after the Crash of ‘08, and reclaimed its own sovereignty. It was not about to allow other European governments to follow that example, and begin to assert their own independence.
It also wanted to test its market-rigging capabilities from merely manipulating markets in order to destroy particular economic sectors, or corporations, to full-fledged economic terrorism: destroying nations(economically) with illegal market-rigging on a scale never before witnessed. Its modus operandi has been described in more detail previously, so the mechanics will only be summarized here.
In the case of the attack on Greece, because it shares a currency with other European nations; the One Bank could not use currency-manipulation as its tool of destruction (as it is presently doing against Russia). Instead, it launched its economic terrorism at the debt market of Greece.
As regular readers know; in fundamental terms the economy of Greece in 2010 was very similar to that of the United States – except obviously on a dramatically smaller scale. Like the U.S.; Greece was/is hopelessly insolvent. Like the U.S.; Greece had grossly over-invested in military spending and infrastructure, which was the primary means by which both nations became hopelessly insolvent.
But in 2010; the U.S. was (according to the Corporate media) already in the midst of “an economic recovery”: an exercise in economic mythology which is now six years long, and counting. Greece’s economy, on the other hand, with the same economic fundamentals as the U.S., suddenly took a nose-dive. Interest rates on Greece’s debts started to soar. As previously explained; it is no more difficult for the One Bank to manipulate interest rates than it is for these banksters to manipulate currencies. As Greece’s interest rate (on its gigantic debt) was pushed higher and higher, naturally this caused severe economic damage.
As the economic damage intensified; the Corporate media cited this economic damage as the “reason” for even further upward movement (manipulation) of Greek interest rates, doing still further economic damage. It was (literally) a vicious circle of crime. To put the criminal manipulation of Greece’s interest rates into perspective, if U.S. rates were driven/manipulated to a similar level; the U.S. would have to do the following merely to make interest payments on its debt:
a) Increase all taxation by 50%
b) Shut down the entire government (including mothballing the entire military)
Of course increasing all taxes by 50% and shutting down the entire government (for real, not anotherpretend “shut-down”) would do so much enormous, additional damage to the economy that even with those measures, it would be unable to continue to making interest payments on its debts for more than a few weeks. In short; if U.S. interest rates were ever manipulated to a similar level, it would experience an identical meltdown to Greece (except a hundred times larger). What happened with Greece was not “an economic collapse”, just pure economic terrorism.
With India, when the One Bank was desperate to blackmail India’s government into blocking gold-imports into that nation, it did use an attack on India’s currency. As India’s currency fell in value, we were told (by the Corporate media propaganda machine) that this was because of a rising “current account deficit”.
However, as with the vicious circle-of-crime directed against Greece; the lower the banksters drove the value of the Indian rupee with their illegal manipulation, the larger its current-account deficit grew, automatically. The evidence of the previous economic crime committed against India’s rupee was cited as the “reason” for more economic crime against India.
Supposedly, according to the propaganda machine; the real “culprit” for India’s current-account deficit was (surprise! surprise!) India’s gold imports. As soon as India’s government succumbed to blackmail, and blocked its gold imports, the rupee (magically) began to rise in value, and the “current-account crisis” dissipated.
Of course, as explained in previous commentaries; gold is a currency itself. Thus it is (was) mathematically/economically impossible for gold imports to contribute to a current-account deficit, since a current-account deficit is (essentially) a currency deficit. Obviously no nation can create a “currency deficit” for itself by importing a currency (gold).
Now, once again, we see the same pattern with the economic terrorism of the One Bank. It began with a sudden attack on the ruble, for more (fabricated) “reasons”, all conveniently supplied by the Corporate media. While a plunge in oil prices supposedly “devastated” Russia’s economy; in the U.S. – land of the mythological shale-oil “boom” – it claimed to have experienced its largest quarter of “economic growth” in 12 years.
However, after fabricating the original “reason” for the ruble’s decline, from that point onward (as with Greece, as with India) the economic terrorism itself became its own “reason” for further declines in the ruble. Obviously if the currency of any nation is (suddenly) cut in half in value this will cause an economic contraction.
The reality is that we are seeing nothing more with Russia’s “currency crisis” than a self-fulfilling prophesy (of economic terrorism). The more the One Bank attacks the ruble, the greater the damage to Russia’s economy, causing the drones of the Corporate media to claim that the ruble “deserves” to continue falling still lower.
Meanwhile, a comparison of the economic fundamentals of Russia and the U.S. make the existence of this economic terrorism crystal-clear. As recently noted by Simon Black; Russia’s financial system is ten times as strong as that of the U.S. (in terms of the reserve ratios of its banks). Furthermore, its national interest rate is at 17%, while the (ultra-fraudulent) U.S. interest rate is permanently frozen at 0%.
In any rational/legitimate world; the exchange rate of the two nation’s currencies would be precisely reversed. Indeed, as regular readers are already well aware; the U.S. government has already hyperinflated its own currency.
It shows a currency well past the point-of-no-return, in terms of triggering a hyperinflation spiral. With the U.S. dollar already fundamentally worthless, based on three different, objective metrics; every “fall in value” of any other currency versus the U.S. dollar is prima facie evidence of yet another currency crime by the One Bank.
As knowledgeable readers are well aware; even our blind/deaf/dumb financial regulators were recently forced to acknowledge the “disgusting” serial manipulation of currencies by the Big Banks (i.e. the One Bank). It is mind-numbingly obvious that in a global financial system ruled by a cabal of psychopathic currency-manipulators that every “currency crisis” experienced by a sovereign government today will be (at least) triggered by this crime syndicate – if not (illegally) manufactured in its entirety.
We’re not seeing “a currency crisis” in Russia’s economy. Rather, we are witnessing the most-extreme manifestation of economic terrorism yet perpetrated by the One Bank. And it’s continuing to get worse.
But it also must be noted that despite appearances, and the self-serving hype of the Corporate media; this Western financial crime syndicate is anything but omnipotent. Yes, it succeeded in destroying Greece’s economy, but that was after it failed to maintain its choke-hold on Iceland.
Its economic terrorism against India didn’t merely fail, it backfired. While having little long-term impact on India’s gold consumption (gold imports) thanks to rampant gold-smuggling; its currency blackmail against India’s government produced a series of unintended/undesirable consequences which were so unpalatable to the One Bank that it reversed itself, and allowed India’s government to normalize its gold market again.
Now, while the short-term damage to Russia’s economy is undeniable; we’re seeing indications that over the longer term that this, too, will be another failed exercise in economic terrorism by the One Bank. It begins with how this attack has caused Russia and China to forge even closer political and economic ties. China has essentially offered to back-stop Russia’s economy, and (with its large war-chest of U.S. dollar instruments) even the One Bank dare not launch its economic terrorism at that target.
We’re now also seeing Russia setting up a parallel electronic currency system, outside of the “SWIFT” electronic straitjacket which the One Bank uses to bully most of the nations of the world into economic compliance with the demands of these financial terrorists. If that new system succeeds (when it succeeds?) it will suddenly appear to be a very tempting financial “life-boat” which other nations may wish to embrace – to attempt to escape the One Bank’s economic choke-hold on their own economies.
The stakes here could not be more important. It is utterly imperative to the Rest of the World that Russia not be economically destroyed (and thus bludgeoned into submission) by these financial psychopaths. Conversely, it is of equal importance to the One Bank that its efforts to destroy Russia’s economy be successful.
Once a community (in this case the international community) sees someone stand up to the resident Bully – successfully – not only does it embolden other members of that community, it brings them together. United we stand. Divided we fall. Today, we are all “Russians”.
...this is from the comments section,...maybe more interesting then the selfserving gold fund article above...
Dots to connect:
1. Russia, China, and the rest of the BRICS and Shanghai Cooperation Organization nations are in a race to get their alternate financial, trade, political and defense network up and running before the US/EU/Wall Street/London City/ Israel/Rothschild/US dollar/NATO cabal collapses. As long as the US dollar holds up and the Western financial systems continue to operate in full force, the One Bank can continue financial dominance and the US can continue to use its military and spy arms to threaten the World. Who gets the benefit of trade partnership with the EU is in play. The TTIP trade agreement would tie the EU into the US dollar trade system and enfeeble the EU governments, and popular dissent against it is rising in Europe.
2. After the mountain of fraud collapsed in 2008, Europe's mountains of debt collapsed in 2009-2010. The US and EU used 2 different strategies to cope.
(a) The US covered the wounds with direct re-funding, TARP, and QE to infinity from the Fed. This has been used by Wall Street to siphon off huge amounts, which have gone mostly to the top 1% and to buy up and control politicians so that banksters are exempt from prosecution for market manipulation and fraud. The US treasury and taxpayers are firmly on the hook for any future Wall Street meltdowns (Cromnibus). In the meantime, the US government and MSM have preached "green shoots", and incipient "lift off" and published "seasonally adjusted" statistics to show a fake recovery, while welfare rolls soared and good-paying full-time jobs were replaced with low-paying part-time no-benefits jobs. Food stamps, student loans, and Social Security disability payments ballooned but have kept the lid on social unrest. Fed interventions are keeping the New York stock markets up.
(b) The EU covered the wounds by arranging to transfer the worthless sovereign bonds and bank IOUs to the IMF, ECB, and EC. That saved the French, German, Swiss, Dutch, etc. banks, and the Bank of England saved most of the UK banks from immediate collapse. Holders of Greek bonds and bank depositors in Cyprus took haircuts. Austerity was imposed on debtor countries in an attempt to prevent them from spending on social programs and infrastructure projects, to leave money for repayment of the debts. But the health of their economies was structured on abundant cheap credit being available to support rampant housing and infrastructure construction bubbles, and to support generous social programs. The apparent economic health of the southern EU nations was based upon spending borrowed money. When the cheap credit pot was removed, the underlying lack of real economic wealth production to support the debt was exposed. This meant that the debt-based jobs disappeared, unemployment soared, and as social programs were cut, medical care and welfare programs were decimated. The people have tired of austerity and unemployment, and are starting to raise hell. Greece, Spain, Italy and France are in particular peril.
Draghi's promise to do "Whatever it takes" to bail out the EU financial system worked well for a while, and sovereign debt rates have been extraordinarily low throughout the EU for the last few years. But Draghi's promise is wearing thin. Greece's sovereign bond rate has risen above 10% and Spain's may soon rise markedly. The rest of the EU's low rates look unsustainable, if real risks are considered and Draghi cannot go full QE. Draghi's attempts to drag the EU into full-blown QE are resisted by Germany. QE has not had much success elsewhere.
Germany, as the manufacturing superpower of the Eurozone, profited handsomely from the Euro arrangement, and from the credit made freely available to the rest of the Eurozone. Sort of like GM manufacturing cars and GMAC extending credit to car buyers. But when it became clear that the buyers could not pay the debts, and German banks were at risk of failure, Germany suddenly preached austerity to their buyers.
3. The Fed QE and low interest rate programs allowed some $9 Trillion in borrowed money to go via the "carry trade" into risky but high-rate-of-return investments in emerging market countries. The fall in commodity prices started to become evident in mid-2014, as emerging market economies cooled, and carry trade money started to return to the US as a "safe haven", buying up bonds and depressing real rates of return into negative territory. The same phenomenon is seen in Europe, with German bond returns in negative territory. The flight of dollars back to the US has pushed up the exchange rate of the dollar, while Japan and others are trying to achieve competitiveness by pushing down their currencies' exchange rates.
4. After Russia interfered with the US/Israeli/Saudi/Qatar/Turkey plan to depose Mubarack in Egypt and Assad in Syria and then to move Qatari, Egyptian and Israeli natural gas through Syria and Turkey into the Nabucco pipeline and thence into Europe, the US staged a coup in Ukraine with their dupes in the EU and their NATO arm, to give payback to Russia. The US/EU/NATO aims were to plunder Ukraine, kick Russia out of its Sebastopol navy base in Crimea, let loose Chevron and Exxon to frack Ukraine and the Black Sea, and to attempt to destabilize Russia so it could not support Shiite Iran or Syria. Mubarak was deposed in Egypt, and replaced with a Sunni Muslim Brotherhood supported dictator Mohamed Morsi. But Morsi was deposed within a year and replaced with the Russia- and Assad-friendly al Sisi. Assad's forces held out against the Free Syrian Army, and now ISIS has been organized and let loose to continue the fight against Assad. Russia is working with Iran and Assad to work out some political settlement. In the meantime, hopes of Qatar, Egypt and Israel supplying gas to Europe via pipeline in the near future have faded, and the TANAP/Nabucco line is at least suspended if not dead.
5. Russia sought to bypass Ukraine's stranglehold on its natural gas pipelines by building Baltic and Black Sea lines. The Baltic North Stream to Germany was completed in 2012, and Russia and Gazprom proposed the South Stream in 2007, to cross the Black Sea to Bulgaria, then via 2 branches to (a) Serbia, Hungary, and Austria, and (b) Greece and Italy. The line was planned to carry 63 Billion cubic metres of gas per year. Agreements were signed by the various governments in 2008 to allow construction.
The US, and EC under US pressure, preferred a competing project, the Nabucco line, to carry Azerbaijani and Middle East gas to Europe. Nabucco would connect with TANAP in Turkey. But lack of suppliers led to the TANAP/Nabucco line being cancelled.
The EC threw buraeucratic roadblocks in the way of South Stream in 2009, via "competition rules" which Gazprom and Russia saw as an attempt to take part ownership and control of the line and give it to EC cronies. Bulgaria, Hungary, and Austria said they would proceed with the line anyway, but after John McCain visited the Bulgarian PM Borissov in June and November, 2014, Bulgaria said it would not issue permits for the line.
6. On December 1, 2014, President Putin of Russia, on a state visit to Turkey, announced that South Stream would go to Turkey instead of Bulgaria, and there would be a line across Turkey to the Turkey/Greece border. Turkey would get an increase in gas coming via the existing Russia-Turkey gas line, and a reduction in price. The diverted South Stream would carry the same volume as formerly destined for the EU, 63 Billion cu mtrs/year of gas.
7. The Russia/Turkey South Stream deal is a potential earthquake in US/EU/Russia relations. Turkey has been a NATO member since 1952 and has been seeking EU membership for 20 years, but the EU has been playing coy. Turkey is now seen as turning away from EU alignment toward Eurasian economic alignment. Erdogan stated that Turkey was giving up on EU membership, and not too happy about NATO membership. Then he later allowed that Turkey might be persuaded to join the EU if the EU could be persuasive enough (translation: I am through kissing your butts, now you can start kissing mine).
8. The US and EU thought that Russia was so desperate from sanctions that Putin would cave to EC demands. They also thought they had Erdogan in their pocket. Not so, it seems. Erdogan is much strengthened strategically and financially, and can now charge a transit fee for gas going through to the EU.
9. The planned gas hub at the Turkey/Greek border may be a not-so-subtle hint to Greece that it could leave the EU and join a Turkey/Russia/Eurasia bloc while profiting from transit fees on gas going to the EU. Putin has renewed his call to the EU to join in the Eurasian trade bloc. The EU is now chasing Putin and Gazprom to renew South Stream to Bulgaria, and maintaining that Nabucco is not dead but would be a great way to move gas from Turkey to the EU. So far, Putin and Gazprom are not giving any encouragement to the EU ideas.
10. The sanctions against Russia are now starting to bite in the already-faltering EU, while concerns multiply over that Greece will demand debt relief or may depart or default.
11. The assault on the Russian Ruble will cause consumer inflation in Russia, but may not harm Russia as much as some expect. China has said it will not let Russia collapse. Russia has considerable reserves and not much external debt. The fall in the price of oil will have serious effects on Russia, but Russia is paid for its oil and gas at World prices, so the fall of the ruble is largely irrelevant in this area. At the same time, the fall of the ruble and sanctions will spur Russia's domestic agriculture and manufacturing.
12. The fall in the price of oil is exposing the weakness of shale oil and gas producers in the US and tar sands producers in Canada. Shale-patch junk bonds are starting to blow up. Shale oil and gas production will continue to rise for a year or so, but thereafter the high rates of fall in production fall-off of shale wells (average about 66% in Bakken wells in the first year of production) will reduce production quickly since drilling of replacement wells is being cut. The shale debacle is spreading fears throughout the US bond market, and industrial firms dependent on the shale drilling business (Caterpillar, steel producers, camp shelter builders, etc.) are seeing their share prices hit. Bankruptcies have started in the shale patch.
13. The US/EU/NATO attempts to take down Russia have forced Russia to speed its turn from the West and EU to the Eurasian bloc. Major resource export deals with China will lead to a construction boom in Russia, and will provide export revenues when they come on stream in 2017 or 2018.
14. Russia and China (and India) have continued to stockpile physical gold, and there is concern that the paper gold price suppression game may run out soon. Already, there is news that the price of physical gold in China's market is 50% over spot price, and many central banks are said to be trying to retrieve their gold from London and New York. If the Eurasia bloc moves its currencies to gold backing, or if their new SWIFT system (CRIFT?) uses gold to settle trade balances, it might have profound implications for the US dollar and the Petrodollar system.
15. "Volatility" in US markets and job losses from the shale patch meltdown may force the US Fed to resume QE soon, and give up on the pretense that interest rates will be raised.
...another comment...
I don't understand how this gets a down vote - it reads as one of the most concise, and probably extremely accurate, summaries of the events of the last few years...
....
I the Greeks are responsible for the financial mess, not the US or anyone else. It's naive to blame the US or "One Bank", whatever that is for all that is wrong in Greek, Russia, or most other places. The fiat monetary system will blow up everywhere eventually. Most people and all politians are stupid and greedy
...
...In the article I kept wonder also...what the hell is...?...ONE BANK...?
Are you guys telling me that a bank in Bangladesh, One Bank, is so very powerful that it could achieve what the writer claims in the article!
ONE Bank Ltd.
http://www.onebank.com.bd/
...this is from honestann...
Victory favors the wise and bold. So what?
Are you listening, Putin?
2015 January 11, 9:11am, Moscow: Putin plays the old OPEC card. Putin says Russia cannot afford to sell energy to foreigners at current prices, and so all energy export will cease for at least 90 days, or longer if necessary for prices to correct.
Then let's see who squeals next.
Lesson: You must play your strong hands... or you lose.
...
Well, when you go mess with somebody you better make sure you can keep up with the consequences. I believe Russia SEVERELY underestimated the power America has over the world. Putin played all his cards on Russian OIL. Now he is seeing that there is nothing sacred in this world. I bet they didn't see oil at this levels coming. And I bet America will keep prices down for a long time to starve Russia. Putin will probably be killed or impeached and somebody more " malleable " will be elected.
...from honestann...
There is one, and currently only one, generally successful way to deal with predators. First, you don't fight them on their own terms... they've rigged the game they try to suck you into, so you have almost no chance (unless they don't realize you're 20x stronger than their intelligence estimates; very unlikely).
Second, you find a time, place and manner the predators are weakest, unaware, unexpecting and most unprepared.
Third, you hit them like they hit you... with 20x more power than they can defend against. I suggest, right between the eyes. ...holysh*t; this girl is not to be f87ked with she'd start a nuclar war...
And fourth, and especially today, you attempt to find a time, place and manner that leaves you invisible, anonymous, looking like a bystander or even better, like another (albeit much smaller) victim....(and cry PMS...) Let the predators kill each other, while you appear to "sulk" on the sidelines.
In the mean time, you take every step to remove all enemies and troublemakers from within your ranks (and the Russians are apparently rather infiltrated, including by their own central bank). And you make yourself as self-sufficient as possible. Take advantage of "division of labor", but don't become dependent on other economies (all of which are run by extreme predators, or [un]-willing allies of extreme predators).
The obvious and conventional ways of dealing with every situation are BAD choices. Why? Partly because they were created and developed by the worst predators themselves, to assure anyone who adopts them is screwed. But also, because they pretty-much know how almost everyone will react to everything, and they are totally prepared, and just drooling for suckers to react in one of the conventional ways.
....
....this is interesting...
It is no longer too relevant which "nationalities" one may use as labels. The social pyramid systems based on backing up lies with violence have a global agenda. It is the pyramidion people against everyone else lower down in those social pyramid systems. Every "nation" has become systems of legalized lies, backed by legalized violence, which serve the interests of the ruling classes, against those they rule over, at least in the short to medium term. (In the longer long term, the triumphs of controlling civilization by enforcing frauds drives that entire society to be come too criminally insane to survive.)
The paradoxical final consequences are failure from too much success at controlling human societies through being able to back up lies with violence. We are buried so deep in that paradox of too much successfully controlling civilization through systems of legalized lies backed by legalized violence, that it is practically impossible to imagine digging ourselves out of that hole, especially because we continue to dig in deeper and deeper ...
The dilemma is that there MUST be some systems of death controls, which control everything else, while those have actually been developed through the history of warfare to be most successfully done through the maximum possible deceits and treacheries, which then became the foundation for political economy based on enforced frauds. By and large, it is practically impossible to have any rational public discussions about how to operate better death control systems, because of the double whammy that the established systems are run by the best professional liars and immaculate hypocrites, and so are all of the publicly significant controlled opposition groups.
The COMBINATION of thousands of years of successfully controlling civilization by being able to back up lies with violence, and thereby creating conditions wherein the vast majority of people have been brainwashed to believe in the biggest bullies' bullshit world view, and therefore, are emotionally attached to that bullshit, and have been conditioned to not want to change, nor even begin to think critically about how almost everything they believe in is basically bullshit, MEANS THAT THERE IS NO COHERENT REAL OPPOSITION TO THE ESTABLISHED SYSTEMS.
The basic public debates today consist of arguments between those running deceitful death controls, backing up fraudulent financial accounting, against those who are their controlled opposition, which still operate INSIDE of the same frame of reference of false fundamental dichotomies and the related impossible ideals, which always make the opposite happen in the real world, because, after all, they are controlled opposition.
I thought the article above was relatively excellent, and I liked the language it used to describe the One Bank's financial terrorism. However, it continues to be relatively superficial, in that it does not propose any better overall system of artificial selection, which would have to operate within the realities of natural selection. Rather, it collapses back to bullshit, as expressed through the phrase: "In any rational/legitimate world ..."
IF the author of the article above, which I will use as just another typical whipping boy in the context of my comment, actually was more "rational," then he would recognize that his notions about the ideals about a "legitimate world" are NOT "rational." Rather, those notions are the expressions of controlled opposition, operating WITHIN the same frame of reference as the biggest bullies, which promoted the old-fashioned false fundamental dichotomies, and related impossible ideals, in order to be able to become better professional liars and immaculate hypocrites, while they actually operated as the One Bank's financial terrorism.
IF we see "someone stand up to the resident Bully – successfully," then they are manifesting the paradox of having become the next biggest Bully. In that context, I recommend that we should go through enough intellectual scientific revolutions to change the ways that we think, which are the biggest bullies' ways. Anyone who continues to promote the same old-fashioned impossible ideals is still controlled opposition, because they continue to actually assist the professional liars and immaculate hypocrites operating the established systems to do so.
A more genuinely "rational/legitimate world" would have to embrace more radical truths about how human beings and human systems operate as general energy system entropic pumps. Such a thing takes a radical critique of the ways that the biggest bullies' bullshit world view also dominated the history of the philosophy of science, the same as it did all other social enterprises.
All the human realities are ALWAYS organized lies, operating robberies!
Those who became the best at doing that in the past are now the One Bank's financial terrorism. That is the culture of artificial selection that natural selection favoured in the past, precisely because it became socially successful through the maximum possible deceits and frauds. That history of warfare, which morphed into the history of economics, is mostly understood backwards, by both the established systems, and their controlled opposition groups. We are stuck inside of the double whammy paradoxes of the established systems operating through the maximum possible deceits, while their controlled opposition basically continues to stay WITHIN the same frame of reference. Theoretically, we need profound paradigm shifts in the ways that we understand militarism, within which would be similar profound paradigm shifts in the ways that we understand economics. Basically, we need to understand death controls better, so that those can back up debt controls better.
Rather than denouncing the established combined money/murder systems, which use deceitful death controls to back up fraudulent debt controls, we should be advancing the overall agenda to discuss how to operate better death controls, to back up better debt controls. That is especially imperative because progress in physical sciences and technologies has made the social pyramid systems become globalized systems of electronic monkey money, backed by apes with atomic bombs. ...(he's got that part right...Human's complicate everything...
At the present time, the first generation that was born into that situation is still alive. The same social systems that were developed for thousands of years still now exist, but those have been amplified to astronomical sizes, in ways which have made them become criminally insane: MAD Money As Debt, backed by MAD Mutual Assured Destruction. Those are the systems currently being operated through the One Bank's financial terrorism.
Nations like Russia, China or India, etc., are only able to relatively resist the One Bank's financial terrorism, because they were forced to assimilate into the global systems, and adopt the same social and physical technologies originally developed by the One Bank's financial terrorism. Similarly, there are NO other old-fashioned religions or ideologies which provide any genuine insight, since those were all various sorts of controlled opposition WITHIN social pyramid systems, based on backing up lies with violence, with their symbolic expressions of that being through false fundamental dichotomies and related impossible ideals.
One Bank's financial terrorism could ONLY be resolved better through better understanding of how and why that evolved in the first place, which is NOT possible as long as one continues to use mistaken ideals about "any rational/legitimate world."
P.S.
Here is another classic example of reactionary revolution, that goes to the wrong pole of its false fundamental dichotomies to establish its spurious "unity."
https://www.youtube.com/watch?v=gGKogwbO240
How The Elite Stay In Power
On the contrary, the only genuine solutions are better death controls. That video illustrates the same point I made regarding the article above regardomg relatively good analysis, followed by the same old bullshit "solutions:" promoting paradigm shifts, that are NOT, because those end up collapsing back to the same old-fashioned impossible ideals, which will continue to backfire badly, on every level in the real world.
....Wow, I think I understood that enough to realise that a wide enough discussion of it sufficient to cause change is just not going to happen. If it gained traction it would be eliminated.
We are just going to have to hope for the best.
...Yes, JohninMK, the ways that the opposition is controlled makes actually resolving the problems appear practically impossible, since any genuine opposition which became publicly significant would become targeted to be infiltrated and taken over, mostly through dominating the funding of those groups, in one way or another. (For instance, all of the big "environmental" organizations can no longer be trusted, since their sources funding have effectively subverted them.)
I find that holding on to irrational hope is about the only thing that I can still barely do, although I try to remember that is not rational.
You mean the 1.4 Quadrillion dollars invested in the Derivatives markets are not being used for price discovery and economic freedom....being used to rig, obfuscate and rip off the ROW....Why I'm freaking shocked! Shocked I say. Great stuff as always Jeff wish a heck of a lot more people were on to this game. The longer it lasts the deeper our hole will be....Most will continue to ignore the economic warfare and remain in firm denial that the good old USA could be capable of this type of dirty deeds. I sometimes wish I was as ignorant and naive as they. For those that still use the conspiracy theory as a defense. Please explain the $18 trillion in debt and 0% rates.
It doesn't add up!
....https://www.youtube.com/watch?v=kdPkaCTdxBU
***note this is year three...has gold and silver bottomed...???...
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