To: see clearly now who wrote (106969 ) 8/17/2014 8:08:59 AM From: Maurice Winn Read Replies (2) | Respond to With $20 trillion in money sloshing around looking for somewhere to go, it's not surprising that there are some swindles in Philippines and elsewhere. She is a bit on the melodramatic side and it's not true that Goldman Sachs etc are one big entity as she said. I spent time in the oil industry and the same sort of thing used to be said of the 7 Sisters. There was indeed group dealing, price fixing and market rackets, with the oil industry seeing itself as one big club with a few elitists pulling the strings etc. But various industries try to conspire and have a sense of identity "us against them". Price-fixing is a common political and legal complaint. Same with "monopoly".We have a system of “neo-feudalism” in which all of us and our national governments are enslaved to debt . Nor are governments enslaved to debt. Electorates can repudiate debt any time they like, as was done in Iceland. As was done in Iraq following Saddam's defeat. Bad luck for the creditors of those governments. Meanwhile, I'm in the process of superseding US$, SDR, kiwi$, Pommy pound, shekel, rupee, yuan, yen, etc. They have had their day. It's time for a free market in money, with the money issued by We the People, not gnomes of Zurich, Basel, or the Federal Reserve. Bitcoin is off and running, with a market capitalisation in the $billions. "Expert" economists have always argued that a money can't come into existence without first passing through a phase of being a real thing of real value such as gold, silver, land, oil, shares in companies or something or other. I argued they were wrong. Bitcoin has proved them wrong and me right. While the transactions in bitcoin are low and speculation is high, the basic point has been made. Bitcoin has design faults which I think will be fatal in the competitive realm of free market money. But it's doing okay for now. Conspiracies are always fun and Karen Hudes is right to see swindling in the fiat money realm. No doubt the global elites she is angered by are up to tricks, but they are not as in control as she thinks. Nobody has to hold any of that fiat money other than in an ephemeral transition from one asset to another, plus enough to buy groceries. The reason investments are so-called "over-priced" is because people are sick of 0% on their money, with daily dilution and knowing that one day there will be destruction of the total value like Zimbabwe and Weimar. Probably more like Weimar complete with military conflict and catastrophic calamity. Any investment is better than a reduction to zero. Even a partial retention of value beats zero. The Federal Reserve gang and all the beneficiaries of the global central bank swindling have done really well out of the process for almost 100 years, but time's running out on them. Each politicians and their electorates want to get their piece of the action, while the getting is good, as in all tragedies of the commons, so none will stop the rot. The "Global Elite" of the World Bank, International Bank of Settlements etc don't rule the world any more than the 7 Sisters did. There are many pretenders to the throne of global ruler, or at least being accused of being global rulers - Illuminati, Freemasons, Catholics, Jews, Bilderbergers, Council on Foreign Relations aka Rockefellers et al. Then there are the wannabes like Islamic Jihad. All the "Global Elite" are doing is clipping the ticket and diluting anyone holding their money. Some of them are no doubt getting away with outright swindles too. They pay politicians via donations to keep the game going and do as they are told via lobbyists. Sometimes, as stated by David Lange, ex prime minister of NZ 30 years ago, by "obscene pressure". I guess he received a threat of some description impacting on his personal life. Mqurice
