<<I wish to know your timeframe for this french type revolution - what country and governments you think it will transpire in?>>
... figure within 25 years, and reckon centered in New York, and splattered worldwide, and for practical purposes, galaxy-wide.
<<... float and take part in conspiracy - it seems west is prodding china to do similar today and they also have come off fixed exchange and joining the banking cartel>>
... IMO, necessary, but gingerly.
<<I read that this fixed exchange is a major reason they not hurt so bad in 97 asian financial crisis>>
... IMO, a misunderstanding. The critical reasons may be (a) closed capital account, so that the roaches can check in, but they don't check out, (b) domestic spending was upped even as (c) regional competitors found it necessary to relocate capital to enhance equalization of cost and revenue.
<<... stop the system - why do you?>>
... I do not expect decisions. I expect the inevitable.
<<They may reset debts every so often - but the tower of Babel always seems to get rebuilt fairly quickly>>
... there is a difference between a hut and a trade center, and between debt reset and monetary system reset.
<<resetting debts does little to change fundamental evil>>
I think it depends how much savings there is to be reset. In Africa, they make do with flow, and not pool, whereas in the global center, the pool matters as well.
<<Ever since paper currency was invented in the West in 1691>>
... you are of course wrong. You meant "implemented".
<<the informed have used these bubbles to take buying power from every one else>>
... yes, love the system, and now made so convenient, even better than an ATM :0)
<<314 years is a powerful statement of world events>>
... you think so?
<<In the end the people in the know take all the money because they make the rules>>
... no, very much no. In the end, heads roll, always, unless one gets on a boat for the tropics.
<<do banks really lose buying power of their money when bailouts, hyperinflation, or deflation occurs>>
... no, unless they get taken over by you know who or stiffed by you can guess who else.
<<If they make all the rules, they always come out on top>>
... I can think of many monetary systems having disappeared over the past 100 years, too many, and the odds are good for many more. Given that the USD has retained 7% of its 1925 value, I figure the monetary system is substantially different to the point of unrecognizable now from that time.
<<President Jackson understood this boom bust cycle that was used to rob the common man - he even succeeded for a time in disbanding fractional reserve banking - but as Big Helmet said in Spaceballs - evil will always triumph over good - because good is stupid. And less than a generation after Jackson broke up the central bank - we were back to old evils that Jefferson warned about and on central bank type system again - the tower of Babel rebuilt>>
... So 314 years is a long time to you, and less than a generation is a short time. Thank you for the coordinates.
I hope to skip the short time of pain of less than a generation, and as of now, monetary reset probability is reckoned by yours truly to be 8% +-, and so gold hoard at 8% +-. I like to keep systems simple :0)
<<Did you give me the same courtesy and read some of the soft currency economist papers from modern day policy maker types? www.mosler.org >>
... not yet, but did peruse the financials of the real estate plays and spent some time on the blog.
<<Derivatives blog guy make the case that back in france of yesteryear they didnt have credit cards, 401K's, mainframe IBM with databases on every person alive, chinese tanks a la tia eminem square - etc etc>>
... very wrong, they had all the equivalents, and lobbing off head in public view as a spectator sport, I submit, is a lot more effective than tanks rolling about.
<<I see many pacified poor people in USA - even after thier family died in hurricanes and gubbment failed them - they are still very pacified>>
... key word, "still".
<<When Oprah start talking like you do - then I will believe the common man getting tired of the printing press Bernanke style and the robbing the rich do of them through boom bust cycles and soft currency economics>>
... hmmnnn, perhaps the WSJ piece sited to Maurice is a sign of bigger deluge to come. Let's watch.
<<Derivatives guy makes the point that gubbment, politicians, and bankers of today have CHOICE how they going to STEER the herd>>
... that is the fiction, comforting. So, by that logic, Argentina chose and Zimbabwe selected, whereas Asia ex-Malaysia/China optioned. Convenient, if only true.
<<I do not see bush/clinton types helping the poor people at the cost of the rich and thier banking friends>>
... you are putting a lot of faith on "choice". I hope you are correct, and am prepared for you being wrong, and so I choose to hedge, and so far, so ggod.
<<Particularly irksome are calls by Alan Greenspan, the Federal Reserve chairman, to shrink Fannie Mae and Freddie Mac>>
... my guess? The beasts will be shrunk, one way or another, by choice or otherwise, S&L or Enron. Either that or History ended for Country wide as well as Francis.
<<Derivatives guy tried in court multi billion corporate cases and have very good fundamental understanding of what is happening - he give 4 points why what happen in france cannot happen today>>
... He is wrong, because he invoked the "this time it is different" routine.
<<I try to find flaw with his arguement>>
... keep an open mind, change premise, discern the fractal pattern, and then know.
Chugs, J |
