Tuesday, April 2, 2013

The Future of the Dollar and why it must fall

I have been reading articles talking about how the Russians, Chinese, Brazilians, Indians, Australians and other countries are moving away from using the dollar as the world's reserve currency. Many are complaining that these countries are turning their backs on us; but, that is not a fair comment. Why should they use the dollar as the reserve currency when we are inflating it?

Imagine this scenario. Your neighbor lends you $1,000, you take that money and buy yourself a television set. You are supposed to pay your neighbor $110 a month for ten months; but, each month you delay paying him, you actually pay him less because inflation is going at 20% a month. You are cheating your neighbor by paying with money that is worth less than the value of the money at the time you borrowed it.

Now lets consider what went on with our economy and the dollar. After World War II the oil producing nations agreed to only use dollars when people bought oil. So, if China wanted to buy oil they had to have dollars. After going off the gold standard, the dollars ceased being backed by anything other than a trust that the United States would produce more valuable goods to be sold oversees than it produced dollars.

Ever since the 70s this has been and less true as we have sent our industry oversees where there was cheaper labor and less control over environmental concerns. The same is true for England. The 70s in England were horrifying with very high unemployment and the elimination of their industrial infrastructure. Instead of manufacturing things, England and the United States began making their money from other countries by controlling the world's financial transactions. Basically, banking and insurance. By scamming the financial industry, these countries were able to buy cheap manufactured goods and getting a percentage on all the transactions; but, it also meant higher unemployment and less and less use for lesser skilled employees. It increased the separation between the wealthy and the poor. Only those involved in the financial section really benefited.

Warren Buffet saw this coming and warned us about it. He noticed that CEOs were paid whether the companies succeeded or not based merely on their manipulation of the stock market. The businessmen involved in manufacturing stopped understanding their businesses because they were replaced by "financial experts" who made more from financial transactions then they did from running manufacturing companies well. This was glaring clear in the case of General Motors which made more from servicing loans (including home loans) than they did from manufacturing cars. That is a bad business plan for any country. This led to corporate raiders, people who would take over companies just to sell off the parts for short term gains.

Because the dollar was the world reserve currency, we could get away with cheating other nations and playing the inflation game; but, that time is now coming to an end and we don't have any way to pay our debts with goods or labor (and in the end money is merely a promise of future goods or labor). Cyprus basically made it's money in a similar manner, it was laundering foreign money for a price. As the day of reckoning comes there are only so many options.

We could pay off our foreign debt by selling our natural resources or our infrastructure. We could pay off our debt by eliminating social programs and turning into a third world nation where half our population lives without the basics. We could tax the wealthy more. The truth is taxes and the elimination of social programs will still not give us enough to pay off our debts. The last choice is to declare national bankruptcy, refuse to pay our debts. Now if America defaults on it's national debt, who would ever lend us money (buy treasury bonds) in the future? Why would the rest of the world allow the US and England to control the financial industry? They wouldn't and then we have no industry of significance. No work and no income.

The housing bubble was intentional as I said many years ago. It came into being after 911 when the inherent weakness in the western economies became apparent. The solution was to create an artificial bubble in the economy, the last hurrah of the west. People made insane amounts of money building, buying and selling and other things related to the housing bubble. We were manufacturing houses using Americans and selling at continually inflated prices that had nothing to do with someone's ability to pay. These debts were then packaged and sold to banks worldwide. These bad debts were called derivatives. Because of the housing bubble bursting (people not paying their mortgages), these derivatives have lost much of their value.

So I ask again, why should foreign countries want to buy dollars when we have nothing to sell them that is as valuable as what they sell us? If you lived in China, would you want to trade your labor for dollars when you cannot buy anything with them from America and you can buy oil without using dollars?

The world will and is going off the dollar standard. The question now becomes what replaces it so that international trade will continue. The choices are a gold backed Chinese Yuan or an international standard for currency that no longer allows for individual nations to manipulate the value of the currency. This discussion is being played out for those who don't understand economics in the media. The arguments over ending welfare or reducing the military or increasing taxes are merely theater.

Detroit and Stockton, who decides?

Short post; but, something that has been on my mind. I have read lots of stories about how because Detroit is so bad off, the state is going to take them over. This is quite legal as cities and towns are merely "creatures of the state". They get a state charter to exist. In California, the City of Stockton is seeking bankruptcy in Federal court. This means that the State of California must have consented to the city declaring bankruptcy and is willing to let a federal judge determine how a city in California will be run. Most of the chatter in the media is about whether or not the judge will take public pension funds (that are not city owned) and use them to pay down the city's debt. The bigger question is why the state is not taking over Stockton and managing it, itself. Think about this, can a state declare bankruptcy? If they did, the federal judge could put whoever he wanted in as governor (under the title of financial manager or whatever). I don't believe a state can declare bankruptcy unless it abdicated it's roll as a state.

Now here is the thing. Would you think it was okay if the federal judge took 5% of all the bank accounts in Stockton to pay the city's debts? You would be outraged. Stockton does not have it's own pension plan, it places the employees and city's contributions into the state plan. It is a private bank account, for the employees that is managed partly by the state. It is it's own entity, it is not controlled or owned by the City of Stockton. But, Stockton is owned by the state, all cities are in California.

This is one to watch. Stockton itself is small and meaningless, just like Cyprus. It is the precedent that is being set that tells the tale. In 1975, New York City was looking at declaring bankruptcy, the Teachers Pension Fund lent it $150 million (quite a lot at the time). Today, New York would like to not pay in to the same fund. People here are just arguing over whose bank account gets robbed and that is a shame. It is also a distraction from the biggest issue, the federal government controlling local governments with the permission of the state.

Sunday, March 31, 2013

Very Important Post - Banking

The Pimpernel is in sort of a state of shock. I just read a paper that was jointly done by the Bank of England the FDIC. I am going to post a link to the paper. Resolving Globally Active, Systemically Important, Financial Institutions. And here is another paper on the same thing. Proposal for a DIRECTIVE OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL . I will try and explain what they say; but, to assist here is an article that simplifies it. Counterpunch - The Confiscation Scheme Planned for US and UK Depositors.

Here it is in a nutshell. Basically, they are saying that we are going to see large systematic failures in the banking industry. The solution will be to have the FDIC remove the bank management, liquidate the debt and give the banks to the depositors through stock exchanges. They are going to pretty much do the same thing that was done in Cyprus. I do not know when this is going to happen; but, it is coming.

I have written before about how many countries restrict people's ability to pay in cash for things above a certain amount. There is not enough actual cash in the world in relationship to the debt. While I have been expecting these things to occur, I am still somewhat stunned to read it in their own words. The documents say that they have been working on these things for a few years. This is also not surprising considering the IMF's plan. Wikipedia - The Chicago Plan Revisited or you can read the actual document from the IMF's own website (something I have posted before). IMF - The Chicago Plan Revisited.

Don't bother trying to take all of your money out of the banks. It won't do you any good. Remember the Chicago Plan calls for changing to a new currency, you will have to trade in your dollars for the new currency and I bet if you have it in cash, they won't let you convert more than a certain amount. Please do not be overly disturbed by what is coming. There is absolutely nothing you can do. And here is an article that I find very interesting. Business Insider - David Stockman Is Outraged — And A Lot Of Powerful People Won't Like What's In His New Book.

We are going to completely change the way banking and the world's economy works. Sorry, I am at a loss for words and am still trying to process what I read. I will try and keep my readers informed as things transpire. One thing is clear to me, if a bank is taken over by the depositors, they are really going to want you to pay back your debts. People will not find their neighbor declaring bankruptcy acceptable. They are also going to be much more restrictive on people getting loans.

Saturday, March 30, 2013

The News is Merely Propaganda Anymore

A whole bunch of news stories for you dear readers. Lets get right to it. Wait, wait, I forgot something. I saw my accountant (tax filing) and my attorney today. It was so nice to see the both of them, real dolls and very good at what they do. I was actually asked to right a book on accounting and a book on public easements. I did not write either and probably never will. I don't really need an accountant to file my taxes, I am more than capable. It is only in the last few years that I have relied on professional help and I like it. Less stress in my life and I was blessed with wonderful people who have helped me move on. My accountant had the best news in the world for me, with my tax return, I will be able to pay off the last my debts.

When I divorced, I was left with all the debt, about $350,000 worth. I was able to get a Deed in Lieu, that excused about $290,000 of the debt. In the last four years I have paid it down to about $5,000 and I will pay that off as soon as I get my tax return. My attorney watched all this happen and it was really nice to be able to tell her that I am paying it all off this year. Let me go back, to get a Deed in Lieu you have to basically prove that a change in your life circumstance makes it impossible for you to pay them back and they take the house back in exchange for whatever you owe, a complete forgiveness with no blame attached. Basically, you have to prove you were a good guy. I did not know how rare these are anymore, I recently read that in the last few years only 14,000 have been granted and I was one of those. The number of foreclosures is in the millions. It makes little difference from a credit standpoint; but, it was important to me personally that I make every effort to pay my debts. If the mortgage processing company had not taken over two years to process the paperwork, the house would have been worth as much as I owed. Anyways, my attorney could not have been more happy for me to finally be debt free. She hugged and kissed me (on the cheek). The thing that makes my people so special to me is that they actually care about me and in truth I actually care about them. Now to the news.

Yahoo - Associated Press - Golden Gate Bridge to go to digital toll system. They have automated toll paying on the Golden Gate Bridge, cheaper and more efficient then using people, now, we just film everyone going over the bridge. Trading privacy for cheaper rates. Selling our rights for cheap discounts. LOL.

Bloomberg - Miles-Driven Could Replace Gasoline Tax, LaTourette Says. I have written about this too many times, it is coming. We are not going to tolerate unrestricted travel in the future, we will price you out of it.

Yahoo - CNBC - American Dream Is Back, So Are Stocks: CNBC Survey. Things are not getting better, there is no reason for the stock market to rise other than to crash it, steal you money when you sell and trick you.

Huffington Post - 5 Body Modifications That Can Give You A Sixth Sense. Three cheers for transhumanism.

More to come.

Tuesday, March 26, 2013

Transportation is More Important Than Guns

So the two biggest news stories right now, the ones that are really interesting people are guns and gay marriage. The conservatives have something to be passionate and stupid about and the liberals have the same, things to be passionate and irrational about. We will not see guns outlawed in the United States and we will see gay marriage. Something for everyone and completely missing the point. You are being distracted by things that will go exactly as I have said. At the same time, there is practically no reporting on the impending doom of the Euro, something that will impact you greatly.

While I was at work today I asked people what they knew about Cyprus and they didn't even know it was a country. I did not ask one or two people, I asked many. The most important story right now is what is going on in the Eurozone. Read my posts for the past week and read the links, then, check on what is going on today. This is important stuff. Tomorrow gays will still have sex with one another and people will still have their guns; but, if we see a bank run, we are in for a full blown depression. More people protested in France against Gay Marriage then protested about the economy and the French love a good protest.

Now here a couple of little news articles. Yahoo - Associated Press - Golden Gate Bridge to go to digital toll system. They have automated the toll system for the Golden Gate Bridge, this is wonderful, now we will need you to have a transponder on your car to pay, we will know when you go of and off the bridge and everywhere else you go; but, we will save money and get rid of those nasty civil servants.

Bloomberg - Miles-Driven Could Replace Gasoline Tax, LaTourette Says. I have written about this for years now, it is coming. Every mile you travel will be taxed if you use a car. Worry about your guns and worry about gay marriage; but, they are coming for your mobility and that limits what information you can pass on in person. It pushes you to use the internet to communicate and all internet traffic is monitored on some level.

The last little article is simply deceitful. Yahoo - CNBC - American Dream Is Back, So Are Stocks: CNBC Survey. It is just deceitful and willfully so. The economy is not better, the stock market is being inflates so that people will buy stock high and sell it low when the Euro implodes. If you do buy stock, hold on to it and wait for the market to recover. As for the housing market, it is horrible and it is going to get worse. They are not building homes for the marginal and people with good jobs are still buying, that is why the market is going up. It is because those who do have money are moving up.

Monday, March 25, 2013

It is getting weirder, I love the news

Wall Street Journal - Science Fiction Comes Alive as Researchers Grow Organs in Lab. I think the title sort of says it all.

LA Daily News - The cash register rings its last sale. The infrastructure for physical cash is going bye bye. Soon stores will refuse physical cash completely, hiding it under your bed won't do any good when nobody will accept it.

New York Times - Big Data Is Opening Doors, but Maybe Too Many. Just another article lying about how your privacy will be protected, it will not.

Fox News - Laptonmag - Apple can now track you indoors. Everywhere you go and everything you do is going to be tracked.

Forbes - If Alan Greenspan Wants To 'End The Fed', Times Must Be Changing. LOL. I believe the reserve banks will be destroyed, just like the International Monetary Fund said they would be. You will jump up and down when the international debt is eliminated; but, that is when the real fun begins and most people will never understand what has occurred. I have already posted to the IMF website for the Chicago Plan Revisited and will not bother doing so again, search it.

Now I am going to get a little weird. I want you to read each of the articles and they I will discuss where this all "could" go and ask my readers a question. Yahoo - Scientific America - "Every Breath You Take, Every Move You Make " How Much Monitoring Is Too Much? Here is the deal, they have technology that can monitor your health 24/7, even your smart phone can be used to predict a heart attack or tell others if you have had a stroke. I am at risk for both of those things according to my doctors and I will not be monitored 24/7 for it.

BBC - Electronic tattoo 'could revolutionise patient monitoring'. This little temporary tattoo, heck, you won't even see it with your eyes, will protect you and monitor your health.

PC World - IDG News Service - Japanese ATMs to Use Palm Readers in Place of Cash Cards. Now lets put some technologies together. If you use your palm as your biometric identification for accessing your money, then, how will we prevent people from chopping off your hand to access your money? Well, if you have a health monitoring "tattoo", then it wouldn't do anyone any good to cut off your hand as your mark would prove you were not in possession of your hand. Now for those of you who believe in the bible, it says that everyone will be required to receive a mark on their hand or forehead to buy or sell.

Our lead pastor got sick and I had to preach on Sunday. I talked about how they can now have a chicken lay eggs for other birds. They laughed, it is funny. They laughed and then explained that the same technology could allow humans to birth chimps. Then it stopped being so funny. I have writing this blog for years now, I have had many interesting experiences and met some very interesting people. I did not even preach when I started this blog. I have made a few thousand posts, that is a lot of work. I have never made a dime from my writing and don't plan to. I do not know how much longer I will continue it. I fear that I have little left to offer. I think I have laid out my beliefs and given my perspective. To the family of the good Pastor that was killed, I can never tell you how deeply I have been touched by your reaching out to me. My dearest Robbie, I think of you always dear lady, you helped me when I needed help and to find my way again. Bet you never thought I would be preaching, lol. Stephen Hawking is still a douche and everything going on with public pensions is still a lie and a fraud on all of us. I was honored that Zuma Dogg bothered reading me. I really enjoy people asking me about this blog and reading it, I just don't know what to say about that.

I do not plan on stopping the blog tonight; but, a day will come when I stop. I do not know what day that is, maybe when the things that I have said are coming are completely in everyone's face. Here is the question. What will you do if we go to only electronic money and the only way you can prove it is you accessing your money is to take an invisible electronic mark or tattoo? Will you take it? What will you do when a simple shot can change your genetics and allow you to live twice as long and in perfect health?

Let me be incredibly clear. I believe we are entering the end times. I have no dates and dates are subject to change. Everything that was predicted 2,000 years ago in the Book of Revelations now has it's infrastructure in place. I find that amazing. I am a pretty good analyst and I can predict things a decade in advance on a good day, 2,000 years is way beyond my skill set. No human can accurately predict 2,000 years in advance; but, the bible did. When all the currencies collapse, things will accelerate and you won't mind because everything will get better, at least for a bit. I don't talk about religion on this blog; but, I am clearly very spiritual and I see things going badly. For my fellow Christians, I wish to be clear, expect it to go very badly; but, remember, it ends well. The earth does not get destroyed, we don't all die. I believe Jesus is coming, that is what the book says and am a Christian, just in case anyone was confused.

Look around you, wake up and take responsibility for your choices. Read about Cyprus. I accurately predicted the month that the housing bubble would collapse, I accurately predicted to the hour when the stock market would crash and I am accurate in saying that the currencies will all collapse. I am not always right and get no help, I have no assistants working on this blog with me. Yet, the currencies will collapse and that is intentional. It is also intentional that some people know this is all intentional. A game within a game within an a game.

I shall post some more; but, truly I do not know how much more. This blog is barely a blip, a hundred views on a good day and about 1,200 a month. No fancy graphics, not many pictures and no video except links to songs. It is just that I want this blog to be relevant and I think I may just be treading water that I have tread in the past. We shall see.

Saturday, March 23, 2013

Finding the Truth Amongst So Many Lies

There are truths, there is reality and then there is what we are told. A mix of truth and lies, how does one get to the essence of reality, how does one determine what is true? These are old and philosophical questions. Let us look at some news articles and talk about it.

Yahoo News - Reuters - Cyprus scrambles to avert meltdown, EU threatens cutoff. Sort of throwing the spaghetti against the wall and seeing what sticks. This is a media trick to gauge our reactions to possible decisions. We call these trial balloons, you put something in the media to see how people respond.

Mail Online - Is your office computer watching you? New monitor developed that can tell if you're NOT paying attention at work. Now, if your employer just started requiring you to be monitored while working, you would leave and they would not be able to recruit new employees; but, if you grow up expecting then it won't bother you as much and you will just accept it.

Time Newsfeed - Next, the Turducken: Scientists Say a Duck Has Fathered a Chicken. Here is a quote from the article, "And now, science is on its way towards making the Turducken a reality — sort of: a duck has successfully fathered a chicken at the Central Veterinary Research Laboratory in Dubai." LOL, lets mess with nature some more because we can make a great meal with what we create. At what point in time do we understand where all the genetic modification is leading? What if a pig could give birth to a human-pig hybrid. Would you be okay with that?

Wired - Apple Finally Adds Two-Step Verification to iCloud and Apple ID. It is so close that I can taste it, very soon you will not be allowed to use your phone, the internet or transportation unless you have proven who you are in real life.

Yahoo - Associated Press - The cash register rings its last sale
. I am telling you, physical currency will be eliminated and you can make money off this by betting against cash registers, armored cars and other technologies designed to deal with physical cash.

Wired - Mercedes’ Next Flagship Does the Commuting for You. Look, a car that can almost drive itself and you will be safer. Why should we allow anyone to drive their own car when it is so unsafe? Yeah.

This one just touched my heart. I am so glad that I got to be there for my dad when he died, I am glad he knew he was loved as he passed on. Death holds no fear for me, I have seen it. Living without being able to forgive scares me. Peace. Yahoo - Dax Shepard’s Touching Ode to His Late Father

Mail Online - Six of the world’s seven billion people have mobile phones... but only 4.5billion have a toilet says UN report. More tech monitoring you than toilets, we do have priorities.

Last but not least, I am going to provide a link to an actresses website. Her name is Dana Delany and I find her incredibly attractive, if anyone wonders what I find attractive in a woman physically. For all I know she would find me boring and unattractive. She supports some charities that I agree with. In particular she support Scleroderma awareness and research. I believe her brother had it; but, don't quote me on this. I wish I was younger and I could invite her to an event; but, the reality is that she will be an unrequited love (oddly enough, my mother really liked her). If I was to date again and go out with an older woman, this would be the one. LOL, I think she is very hot. I know she uses twitter; but, I do not, otherwise I would tell her how attractive she was. This is the problem with the internet, we can contact anyone and I choose not to annoy her.