Thursday, September 15, 2011

And They're Off....



"The European Central Bank has decided, in coordination with the (U.S.) Federal Reserve, the Bank of England, the Bank of Japan and the Swiss National Bank, to conduct three U.S. dollar liquidity-providing operations with a maturity of approximately three months covering the end of the year."

- European Central Bank pledging to print money (see here and here)

All over the world, people are the same, yet they have different priorities.  Their values differ according to their wants and needs.  The allocation of resources by people reflect these wants and needs.  For example, if people cared about getting a natural suntan on the beaches of California, they would purchase beach towels, suntan lotion, and sunglasses rather than a parka, arctic boots, and a dogsled.  Because of the mild weather and low humidity, A house in California wouldn't need as much heat as an abode in a colder climate, etc.

In a society where exists freedom of choice, these priorities should form the local economies of people.  But in the monetary policy racket that has consumed the world, there is no freedom to live unencumbered by debt.  Today people are under constant threat from professional extortionists who frame the legality of their theft as they go along. 

Germans are finding out what real life extortion looks like as the world is again being primed by the corporate media to blame the German people for the failure of the world's economy.  Germany doesn't want to be on the hook for Greece's debt, nor should they be.  Even though the media wants to portray the German refusal to bailout Greece as the tipping point of the world economy's inevitable crash, reality tells a much different tale.

The whole world is bailing out the whole world's priveleged moneyed class.  The banking cartel has been printing money all along.  The race is on, has been on, and whether or not hyperflation is induced may only occur when the people, forced to live and struggle in the illusory debt of the paper money poni scheme, figure out the fraud.  After all, it has been 40 years since the paper money scam reached adulthood.  What is another 40 or 1000 years if the people suffering because of it think it is the only way? 

"Once a population internalizes that authorities have the power to coerce, few will experience actual coercion because passive submission avoids it. Excessive government control ultimately leads to a psychological change in the people of a nation.”

-Friedrich Hayek, The Road to Serfdom     
     

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