hahhahaha if you think that roads and schools are built with tax money, we haven't got whole lot to talk about
Then I guess we don't have anything to talk about then.
hahhahaha if you think that roads and schools are built with tax money, we haven't got whole lot to talk about
Despite this the ECB has been monetizing some Greek, Portuguese, and now Italian debt in a futile attempt to hold their interest rates down to prevent the contagion from spreading. They are now faced with the same situation we are. Print or die. We are printing. We have chosen to sacrifice our currency to maintain the illusion of solvency for a bit longer.Trust the Germans in the ECB (those who have not yet resigned that is) in this case Jesn Weidmann, to come in and spoil the party:
- Weidmann, speaking in Berlin, says hyperinflation shows why monetizing debt wrong
- Prohibition on monetary financing an important achievement.
- Euro treaty rightly forbids monetary financing
- Stable prices should be key goal of ECB
- Leveraging EFSF with currency reserves prohibited
- Says monetary analysis may gain importance at ECB
And for all our MMT friends:
"One of the severest forms of monetary policy being roped in for fiscal purposes is monetary financing, in colloquial terms also known as the financing of public debt via the money printing press:” Weidmann
Prohibition of monetary financing in the euro area “is one of the most important achievements in central banking” and "specifically for Germany, it is also a key lesson from the experience of hyperinflation after World War I"
ahh the great depression before the age of aquarius,,,
only a hand full will make it through and maybe that is for the best,,, fucking apathetic zombies everywhere,,
all great posts so far,,,
whats happening in america has been planned for a long time to coincide with this global paradigm shift,,,
certain family dynasties that have owned all the banks and hidden behind monarchies and religions for hundreds of years have been writing/rewriting the history that they want us to have and trying to create their future,,, so many of their puppets have infiltrated america since its inception,,,
america just is not controlled like people think,,, the president has no power, he's a low down freak acting as a conduit for the higher powers,,, so much of what goes on in america is actually decided in israel and in london,, its all backwards..
america was never independant, it is crown property through the illuminati who have stamped their symbols all over everything and every government body in america since their charter to exist and steal the money from americans in 1776,, these lizards were sold the plot of land in DC, named after them,, the knights of columb (the dove),, which is just like london or brussels or berlin/paris/rome etc where these scum officiate and thieve from us through their unfair taxes and usury,, they have consistently degraded the working classes rights and swung the distribution of power and influence fully towards themselves,, they are globalists and feel as happy in texas or new york as they do in london or dubai or their latest sun worshipping city astana in kazakhstan,,, with sub bloodlines running the media, politics and corporations for them, the 13 major ruling families such as the rothschildes,rockerfellers,oppenheimers,warburgs,kissingers (etc) simply concentrate on hiding that they own 80%+ of the world and plotting our demise through a variety of events and circumstances that benefit their agenda,,
its a syndicate basically that predates america,, it seriously hates what america tried to be and it has made america into what the masons call the new egypt,,,, a cabal that is playing chess with us all and are 20 moves ahead,,
people who dont know their past, consign themselves to history...
they now nearly need to sink america like the titanic so there is no super power left in the west to disagree with their plans,,,
oh and they are now using financial terrorism against us,, the general populace,, its world war 4,, its not being played like normal wars, but it will involve the whole world this time..
it could take forever to explain all the ills bred into society that have led to this from their ancient trick of the brewing of poisons such as beer to degrade us to using portals to evil like mtv to sexualise children to breaking down the importance and fabric of the family and the role of parents,, generally corporatising the whole world and ruining the morals of everyone in every country and spending their money on research into death..
"every generation needs a revolution" thomas jefferson....
Update Update: Yep, it's official: JEFFERSON COUNTY COMMISSION VOTES FOR RECORD MUNI BANKRUPTCY, commissioners vote 4 to 1 to screw over JP Morgan
Update: according to an update tweet, "Jeffco bankruptcy: Commissioners are now discussing the motion. They have not voted yet." Things are fluid. Stay tuned.
The bad news for JP Morgan just keep on coming. According to the Tweeter account of Birmingham News, "Jefferson County Commission makes motion to file bankruptcy." We translate this to mean that the "avoided bankruptcy" state has just metamorphosed into simple "bankruptcy" - granted one which will be the largest municipal bankruptcy in history. This means that JP Morgan is now on the Unsecured Creditor Committee of the two biggest bankruptcies of 2011: MF Global and JeffCo as well. And so the second major domino after Harrisburg is down. Many more coming.
More as we see it.
we fed our spirit of capitalism at a greater rate than we fed our spirit of democracy
we fed our spirit of capitalism at a greater rate than we fed our spirit of democracy