A grumpy old bathplug raves

[masalai]

bf here for you to read - - I think the suggestion is of 'a dog with a cleft pallet' http://www.boatdesign.net/forums/ope...775-30345.html

What is up, is the US$ refuses to be buried and is continually walking as a zombie... That effort must be costing USA dearly in assets and international credit... The longer the delay, the bigger the fall and the greater the pain the good citizens must feel and carry... http://www.usdebtclock.org/ look at this, be amazed and book-mark it for reference to remind you of the economic position created by USA - - remember GDP for the world in a good year (2008) was just 66 trillion... Now add up the debt that USA has run up....

USA debt burden is growing faster than Alice on the "wonderland" mushrooms... Just look at this chart-"fun view" which may be the most painless way to show the pain coming http://www.usdebtclock.org/ - - Move your mouse over the numbers at that website, and a popup will give a brief explanation & the data source...

(ignore the leading +'s as there is no way I could readily columnate) and the grand debt of USA to date -
++12 trillion - - - . USA National Debt
+++2 trillion - - - . State and Local debt
++17 trillion - - - . Private (individual/family) debt
+++2 trillion - - - . Federal Money created by the FED (loaned to the Government)
+628 trillion - - - . Currency and credit Derivatives
++11 trillion - - - . Bailouts
+++4 trillion - - - . Carry trade etc
+106 trillion - - - . Unfunded liabilities

give or take a trillion is 782 TRILLION... And that does NOT include the "toxic debt", sold as investment vehicles to stupid investors off shore (in Europe, Australia and many other countries where the Keynesian economic lie is worshipped...)

To put that in perspective, the GDP for the WORLD in 2008 was 66 trillion - So the US debt is near 12 times what the whole world could produce in a good year... - - -

I leave you to make the conclusion and appropriate response for such an ignorant, wasteful, greedy, selfish, stupid, arrogant and destructive society....

[boat fan]

http://www.usdebtclock.org/

It`s making my head spin Mas..........Panadol .....where`s the Panadol ........

[masalai]

How about XXXX? - - don't even need to spell to get that stuff and it works better

[Bamby]

The Morality of Paper Money

December 14, 2009 by Bob Livingston
The Morality of Paper Money

Government printing press money distorts economic reality and dilutes morality. Financial speculation rises with the increase in paper money and the general work ethic deteriorates. The something-for-nothing mentality pervades society.

Paper money promotes the “quick buck” syndrome like narcotics peddling and hookers on the streets. Hookers, incidentally, were widespread in the Weimar Republic in Germany in 1923 because the women had to sell their bodies for food for themselves and their families. The social order visibly deteriorates. The morality of the stable gold standard gradually changes to the amorality of fiat. Few people see the cause and effect and the politicians try to legislate human behavior. They always fail as the system is overrun with jails and prisons.

Fiat promotes an illusory reality where non-substance such as financial speculation and gambling replaces the substance of industrial production and long-term value.

When consumption surpasses income, as the government and the politicians promote, distorted human emotions replace stable behavior. Social breakdown increases and real values are forgotten.

Prices of labor and craftsmen escalate beyond all reason when there is never enough money. Service repairmen charge like medical doctors.

When labor and supplies are valued in fiat, everything becomes distorted. In the final stages of hyperinflation there is no anchor to sanity and common sense.

Paper money expands consumption way beyond income. This eventually guarantees debt collapse and social breakdown. The foundation of the household collapses and the middle class is destroyed. Paper money is an illusion because it is non-substance and can be created by the government to infinity. When the people accept numbers on green strips of paper or computer symbols for money, they accept illusion for reality. They accept non-substance for substance. Real money (gold and silver) comes from the earth and human production. It is no illusion.

Future generations are cheated out of life because working mothers give up newborns for fiat paper money. They unwittingly exchange new life for paper money, and more paper money and consumption. This is what the system promotes.

What Comes Next?

I believe that I can assure you that three years from now the dollar purchasing parity will be about 30 cents as compared to the present. I don’t know why it is not obvious to people who have dollar savings.

There are many controls coming. As paper currencies come to their end, governments greatly step up suppression of the people. They start foreign wars. They attack their own population with high-sounding hypocrisy. Government makes criminals out of honest men—“in the public interest,” of course.

What then?

Default of the United States? Not formally but by stealth, depreciation of the currency (inflation). Will the U.S. world system hold? Yes, as long as world fear factor dominates as a result of superior military power.

Much press about vast U.S. debt? Yes, but sober people understand monetary realism, to wit, that fiat implies stealth (slow) default. No payment is ever intended and impossible even if intended. The main feature or attribute of sovereign debt default is gradualism. The public cannot grasp gradualism even as they are impoverished. The debt propaganda is a cover for the fiat regime. It’s a hoax!

Scarcity of gold? Already evident.

New taxes? A value-added tax (VAT) as in Europe, income tax increases on the American “rich,” currency controls, strict rules on cash transfers and withdrawals, more reporting requirements on asset wealth. These are some of the controls alluded to earlier.

The system will try to defeat all attempts by individuals (and collectively) to protect their savings and personal security.

Destruction of the middle class? It’s already begun. It is impoverishment through currency depreciation and class warfare between the perceived haves and have nots, i.e. the politics of envy. A huge percentage of population will be pushed below the poverty line.

Savings and pension fund assets? They will be forced conversion into treasury bonds. There is plenty of precedence for this, Argentina being the most recent example.

Martial law? Yes, at some point.

Will confidence deteriorate in the banking system? Yes, by stealth (quietly) resulting in restrictions of withdrawals and frozen bank accounts.

Price of gold? When all is said and done it will be measured in U.S. dollars to about $4,000, then in Swiss francs because of the nebulousness (no meaning) of the U.S. dollar.

First Rule of Government—control its own people. America is occupied by government.

Possible good news? The current economic depression will extend the system (via nationalization) and the precious metals market and gold stocks. I foresee inflationary prosperity for a while with massive infrastructure rebuilding. If so, get your house in order for the final deluge. Do all the things you know to do such as long-term food storage. Inflationary collapse creates shortages of everything.

The stock market turns up before the economy. Sentiment is black, getting close to time to buy stocks. Never stop buying gold!

Don’t wait for exchange (currency) controls to transfer some funds into Swiss francs via Swiss annuities.

Take delivery of all your stock certificates. Soon you will not be able to. This cuts brokers out and takes your stocks out of the system. They will tell you anything to stop you. They will not tell you that they loan your stocks out for shorting and make income on them. Also they fear the loss of re-sales when you decide to sell, perhaps through another broker. They get directions from above to stop the delivery of stocks. Don’t be dissuaded!

My friends, the “change” promised by politicians should remind us that some power, both political and economic, is built upon destructive forces. We have reminded you many times of the destruction of the middle class in the U.S. now going on.

When a segment of the population becomes impoverished they clamor for “change.” This is exactly what happened to bring about the rise of Adolph Hitler. The German population was largely impoverished as a result of depreciating paper currency. No U.S. politician would dare mention depreciating paper money, as Hitler did not. He had his own paper mark.

The destructive forces in America are in full appearance for the few who can see. But for the majority, they are blind to the biggest and greatest transfer of wealth in the history of the world. Yes, there is change for exactly the same reason as the destructive change that gave rise to Hitler.

Inflation they call it, but it is really depreciating currency in all forms. And depreciating currency is the system used to transfer wealth from the savers and producers to the money creators.

In the early phase of paper currency the people go to work and accumulate wealth. In the final stage of the speedup of depreciating currency, wealth and savings is returned to the source, i.e., the money creators. And all appears to be natural economic forces. There is no bloodshed.

Yes, the people can be economic slaves without chains, without the rack or the thumbscrew, but with depreciating paper money. Alchemy is a reality. Non-substance (depreciating currency) is used to steal substance.

“Whoever controls the volume of (paper) money is the master of all industry and commerce,” said President James A. Garfield.

People who understand depreciating currency will do as necessary to survive and maybe prosper under the nose of despotism.

Source: http://www.personalliberty.com/perso...f-paper-money/

[masalai]

You must spread some Reputation around before giving it to Bamby again. BUGGER, Jeff is still con-straining appropriate reward when it is due and deserved...

Well done Bamby, good find and search result...

[Bamby]

Star Trek: The Stimulus Doomsday Machine......

http://directorblue.blogspot.com/2009/02/star-trek-doomsday-machine.html

Thought you may also enjoy this one as well.....
I think somebody had to much time on their hands, but it is good...

[masalai]

Bamby,
A good presentation, in powerpoint would have been better ... One has to maintain a grumpy attitude...

Folk seem to love to blame the dumb politician? - - Why? - -
- - He/she/it is just the puppet...
- - "Helicopter Ben" is the front man...
- - The merchant bankers pull the strings...
- - The Devil their instructor and their bible is Keynesian theory and doctrine...

[gamage]

Merry Christmas and Best wishes for a Happy New Year

[Frosty]

Thats a lovely cat isnt it? It reminds me of the dirty little bastard from next door that takes delight in taking a dump in my window box right outside my bedroom window. I used to grow flowers on it but its disgusting foul **** has long since destroyed the soils capability to sustain growth.

If I could catch the bastard I would loose all control and rip the Fking thing from its Christmas life.

[masalai]

Not enough pusseys for eating?

[Frosty]

Whats all this navel escort stuff.

Navel escort?

I know the way round my own navel thank you. I always know where it is for instance in relation to my elbow. Not only am I familiar with my navel but my arse too.

Some members have suggested that I do not know the difference between my arse and my elbow but that is not true.

Anyway gotta go,--cant sit round here on my elbow all day.

Yup yet another post I am already regretting, but thats why I have over 1000 points. ---Not very grumpy either is it.

[masalai]

What naval escort - is that a new kind of franchise for hookers or hookahs?

[Frosty]

Dunno Mas.

Pirate Mercs

I might have got the spelling a tincy wincy little bit wrong.

[masalai]

Holey Moley, - - - duck....