http://money.cnn.com/2014/07/01/news/companies/jamie-dimon-cancer/index.html?iid=TL_Popular#comment-1464257724

ian wrote on Jul 2^nd, 2014 at 2:35pm:



I've been aware of Palmer from about ......... 9 years ago.
Not really impressed by him.
He is VERY good in a court and with contracts.
He won a case over the NSW state govt. Which is just taking money from the tapayers, not creating anything.

Why poverty grinds on

In the 150 years, from 1825 till 1975, corporate profits and labor’s wages had risen together. Since the mid- 1970’s profits, productivity and prices have risen steeply while real wages have remained stagnant or have actually declined.

This is no accident. A number of factors have converged to create this travesty. A very small amount of poverty is caused by wanton laziness, but poverty today and the drastic decline of the middle class has been caused by forces beyond the control of average Americans.

Automation and computerization have eliminated far more jobs than they have created.

The corrupting pressure of huge corporate congressional campaign contributions has led to the passage of treaties such as GATT and NAFTA which have given American corporations tax breaks to move their operations to low wage paying foreign countries. Even today, the U.S. Senate is poised to betray the American worker by ratifying the Trans Pacific Parternership treaty which has been authored by elitist international corporate executives and their government cronies.

The women’s liberation movement, which was subsetantially funded by David Rockefeller, an international business broker, banker and no freind of labor, virtually doubled the work force and exerted a tremendous downward pressure on wages.

Congress, the president, and the U.S. judiciary have encouraged and supported the legal and illegal immigration of cheap foreign labor.

Labor unions, allegedly the voice of labor, have rotted from within and have been assailed from without by greedy corporations and government complicity.

Municipal, state and federal government officials have exacerbated the oppression of the middle class by extorting exorbitant taxes and fees from them while rewarding themselves with obscene salaries and benefits.

This disgrace will get even get worse unless and until Vermonters and Americans throw out the incumbents who are not capable of honoring their oaths to protect our inherent rights and then begin a serious discussion about the above issues. Then we, the people, must take profound political action to address this betrayal of the people.

http://www.burlingtonfreepress.com/story/news/2014/02/05/letter-to-the-editor-why-poverty-grinds-on/5211315/

http://www.againstcronycapitalism.org/2014/04/the-real-reason-for-increased-inequality-since-the-early-1970s-the-end-of-the-gold-standard/9/

The American people now have more reason to believe the Fed’s money-printing policy is hitting them where it hurts, their pockets. U.S. consumer prices across-the-board posted their largest increase in more than a year in the month of May, as inflation pressures fueled by fiat money begin to manifest.

http://www.peoplespunditdaily.com/2014/06/17/news-events/finance-economy/consumer-prices-explode-fueled-feds-fiat-money-inflation/

The Coming Death of the Dollar

The Bernanke Asset Bubble began when the Federal Reserve cut interest rates to zero and started printing trillions of dollars to prop up the U.S. economy and prevent prices from falling (deflation).

"The fact that central banks are pursuing inflation [by printing money], and cannot achieve it, is a gauge of the persistence of the underlying deflation," Rickards says.

The Fed "believes that deflation can turn into inflation," Rickards explains in his book. But it's a delicate balance – and this is where the trouble can start: "Money printing in the cause of defeating deflation may result in a loss of confidence in the fiat currency system."

Once the confidence is lost, Rickards explains, "there is no way to reconstitute it; an entirely new system must rise in its place... Very likely, a new system will be needed, with a new foundation that can engender confidence."

What path will the demise of the dollar take?

Rickards says "the dollar's demise will take one of three paths"...

1.   World money
2.   A gold standard
3.   Social disorder

Let's look at each of these scenarios...

1. World money

A process of creating a "world money" is already underway...

The money is called SDRs – or "special drawing rights" – and it's created and administered by the IMF – the International Monetary Fund. Rickards explains how SDRs could take over, and that the dollar's weight in the SDR "will be reduced in favor of the Chinese yuan."

Rickards suggests that this switch towards SDRs might not be gradual. It could "play out in a matter of months, light-speed by the standards of the international monetary system" in the next crisis.

In his book, Rickards highlights the dangers of this scenario, where much of people's retirement savings could be wiped out.

2. A return to a gold standard

A return to a gold standard "could arise from extreme inflation, where gold is needed to restore confidence... or extreme deflation, where gold is revalued by governments to raise the general price level."

In either case, the price of gold would be much higher than it is today.

3. Social disorder

Reading this section of his book was fairly scary. Rickards says that "social disintegration is not predictable," but "the official response is."

In short, expect government oppression... As Rickards says, "order comes before liberty or justice."

In The Death of Money, Rickards paints a scary picture... I don't know if he will turn out to be right or wrong. But the book is seriously thought-provoking... To me, Rickards paints the clearest picture of what is possible, along with what to do about it.
 
http://www.dailywealth.com/2780/the-coming-death-of-the-dollar

Pantheon wrote on Jul 2^nd, 2014 at 4:15pm:

Meaning?

Winston Smith wrote on Jul 3^rd, 2014 at 9:16am:


Are you seriously suggesting that my stuff is propaganda (its all made up, off the top of my head) and vikraryan's stuff is not just some socialist blog, copied and posted propaganda
thoughts?

Winston Smith wrote on Jul 3^rd, 2014 at 9:24am:


Im not sure about inequality of wealth distribution, but im fairly sure about inequality of intelligence distribution