Ecnomic fraud

Why gold is a major step to a more sustainable and fair economy no matter how much is (currently) in the hands of the same old priviliged few.

“The exchange rate is one of the main drivers of economic policy, more so even than productivity,” – Brazilian Finance minister Guido Mantega. Source: http://www.bbc.co.uk/news/business-12148841

“In September last year he accused some rich countries of deliberately devaluing their currencies to boost exports and make their economies more competitive.”

Somehow I think he would have been very happy if it had been the other way around and Brazil (and himself in a personal capacity no doubt!) was seen to benefit from currency speculation, as is exemplorary of fraudulent economics. You keep your mouth damn shut until it’s your time to get hit. First they came for the communists… We see this from what the BBC reports he said earlier. “Finance minister Guido Mantega said Brazil was preparing moves to prevent further appreciation of its currency.” and indeed the whole point of the article that almost all countries will pull these stunts within a fraudulent economic system.

Also this “Forbes magazine ranks [Eike Batista, Brazil’s richest man] him the eighth richest man in the world, with a fortune of $27bn (£17bn).” – source: http://news.bbc.co.uk/2/hi/programmes/from_our_own_correspondent/9348299.stm

Call me backward, but surely NO system of fair economics could see this amount of money being made in such a short time. They guy might be quite nice and be may give millions to charity, but there just doesn’t seem something right about a man having a personal fortune in excess of many small countries.

He could spend £16.9 of his £17 bn quite easily on stopping the 1 bn+ people across the planet who go hungry every day.

It’s just not right.

Use of gold and silver is the bedrock of an honest economy.

p.s. apologies for my rudeness in not replying so far to the comments left on this blog…

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Chris Martenson – The Crash Course – The End of Money – (PBS) 38m05s – Feb 14, 2009

Attended a talk today by Dr Choo Peng Yi about Peak oil. Hope to put a post about it soon. From the talk, I got to hear of Chris Martenson. His site has a series of chapters trying to educate people about the state of the planet, and he does it in reasonably holistic terms (but no religious element – but I guess some people may have previously been turned off from this kind of ‘you must start preparing for bad times‘ kind of messages, if it is discussed in religious terms – which is a pity because it might lead to more people suffering as a result – so perhaps the absence of a religious element here may serve some function – P.S. I don’t have a clue about Chris’s views on religion – but I can definately say he cares grately about his fellow man) .  In addition to the edu-films on his site, on Googling him, I came across the video below which I think may be useful:

http://video.google.com/videoplay?docid=7406937111575905756 (38 mins)

I don’t necessarily agree with ALL that Chris says, however I think I’d probably agree with the great majority of what he says, but he talks a great deal of sense. His appeal for community empowerment and unity at the end is IMO, the only way we can minimise what will be a very dangerous period of time in the next few coming years as the end of the age of cheap oil begins to kick in which I think has been compoiunded with the fundamental change in monetary system that the economic collapse has caused.

If socitey does become hostile, from a purely selfish point of view, your chanches of miniminising the danger to yourself comes from a strong community which helps each other. If you horde food and take pot shots at your neighbours you’re going to sign your own death warrant.

If you think I sound crazy, look at it like this. As Chris says in Chapter 20 of his ‘Crash Course’ series on his website, if the societal crash doesn’t happen, whats the worst that happened as a result for you taking som steps

Really, you should have started to think about these issues last year! But there is still time to make the necessary plans. 

Here’s another reasonable video:

The Crisis of Credit Visualized – Part 1 – 7m32s
http://www.youtube.com/watch?v=Q0zEXdDO5JU

 and

Credit Crisis Visualized Part 2 – 3m44s
http://www.youtube.com/watch?v=38BmwOSmzsc

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For the times, they are a changin. – Update

I wrote the original article below on Jan 24th 2008.
Since then the FED has reducted its interest rate to 3%
encouraging even more people to borrow money, i.e. credit
which the FED says had crunched.

Smell something fishy?

POI: Gold went to $931 on 30th Jan (now at $907.9 1-Feb) 

Credit Crunch / Northern Rock etc, =
Bad loans (lobbox),
Lack of credit (lobbox and guffaw),
Lack of cash (yeah right, hence M3 flushed!)
Lack of cheap credit (guffaw).

What do we see?
ECB pumping HUGE quantities of cash into the system.
Fed making historical borrowing rate cuts!!!
Share values fluctuating wildly on a frequent basis
Gold jumping to $909/oz despite huge share gains.
Food prices of staples increasing sharply.
China has a meat supply problem
US debt never been higher.

Thoughtful of the US “authorities” to have all those camps ready, looks like there going to be receiving some guests soon.

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UPDATE…:

I’m glad someone agrees, and thanks to SpideredNews for bringing this to my attention:

http://www.youtube.com/watch?v=lIkaGZDx2a4
— sorry I’m a wordpress technoclutz. I don’t know how to embed YouTube here, so you have to DIY —

Mike Gasior – “Fed Up” – on the Fed – late Jan 08.flv

Mike Gasior discusses the actions being taken by the Federal Reserve and U.S. Government in response to the weakening economy and volatile financial markets. Mike thinks they’ve all lost their mind and everything they are doing is dead wrong and explains why.

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