baja
10-18-2006, 03:29 PM
Politicians or Bankers?
Most modern politicians are focused on acquiring money for their next political campaigns and know little and could care less about the overall functioning of money as the glue holding society together. As for bankers, their mission is to increase money profits, even at the expense of society and the ecosystem.
Basing modern money on gold, as in the past, is no longer practical because of the sheer volume of dollars, euros, rubles and hundreds of other currencies needed by today’s world economy.
Among many other things, Neptune has to do with illusions, delusions and falsehoods. Which brings us to the single worst vulnerability our present monetary system has. Economist John Williams (4) has expressed it this way:
If you believe the government, annual inflation is running less than 3.5%, unemployment is less than 5%, annual GDP growth is about 3.5%, and the 2005 federal deficit was $318 billion.
In reality, however, annual inflation is over 8%, unemployment is around 12%, and annual GDP growth is flat. Not only does common experience support the latter set of numbers, but also taking a close look at how government economic reporting has been manipulated over time. What will surprise many, though, is that the annual 2005 federal deficit was $3.5 trillion (not billion). That extraordinary number is as reported by the U.S. Treasury, using generally accepted accounting principles.
Williams’ truth seeking is a prime example of what we can expect much more of as the coming Saturn-Neptune opposition takes hold. Saturn does not take anything for granted, and neither do international traders. The following is from voltairenet.org:
Oil traders are increasingly reluctant to entrust investment funds with their money. They know that international accounting standards have been modified in such a manner that nowadays, both national states and multinational corporations have assets they do not own entered in their balance-sheets. The shares they hold are being posted in their accounting, not at the purchase price, but at the actual stock quotation. While this is of no consequence at times when markets are on the rise, it will prove fatal in the case of a stock market crash. From one day to the next, central banks and major corporations could find themselves completely ruined.
One might remember that the US were not able to finance the war effort in Vietnam for very long. Mired in a conflict without end, they resolved to let their allies bear the brunt of the situation and, in 1971, they stopped guaranteeing their currency’s gold convertibility. From then on, its value has only been resting on the confidence placed in it.
Presently, the USA is bogged down in Iraq and is incapable of financing its military occupation there. The only way it can pay its suppliers is to keep the printing press running. The announcement, late in March 2006, that the publication of the M-3 indicator would be suspended, together with all the sub-indicators which could have made feasible its reconstruction by aggregates, means that the actual volume of dollars in circulation has become a secret that cannot be divulged. It is no longer possible to precisely evaluate the currency’s real value.
Our existing monetary system is so dysfunctional it’s now in a subtle kind of meltdown phase. The Saturn-Neptune opposition will demand it be revised, redesigned, replaced. If this can be accomplished soon enough, we will avoid the worst.
But there is scant reason for optimism. Our form of democracy has become, “We elect ‘em but the big money owns and operates ‘em,” so we can expect no help from Congress as it’s presently constituted. We have become a nation indoctrinated with, “Get rich or die,” forgetting that even the wealthiest billionaire ends as dust, the same as everyone else.
Personally, I think it would be a good idea to take a look at the pre-Columbus Native American concept of Planet Earth as humanity’s richest source of capital, the true basis of any form of money and any society’s economy. For university-educated economists whose ancestors viewed exploiting the environment as right and proper, and Indians as “primitive, ignorant, heathen savages,” this new perspective may be very difficult to obtain. But with the mounting effects of global warming waiting in the wings (as exemplified by Hurricane Katrina), dealing with Mother Nature as our universal central banker may become necessary.
Meanwhile, we can expect our monetary authorities to deal with the impending money crisis the only way they know how: By printing more and more money, thus devaluing our currency, causing inflation, so that old debts can be repaid with cheaper dollars. This tactic may appear to be working until the fourth quarter of 2008 when Saturn makes the first of four exact oppositions to Uranus, and many may have the sensation of being slingshot into the future.
Most modern politicians are focused on acquiring money for their next political campaigns and know little and could care less about the overall functioning of money as the glue holding society together. As for bankers, their mission is to increase money profits, even at the expense of society and the ecosystem.
Basing modern money on gold, as in the past, is no longer practical because of the sheer volume of dollars, euros, rubles and hundreds of other currencies needed by today’s world economy.
Among many other things, Neptune has to do with illusions, delusions and falsehoods. Which brings us to the single worst vulnerability our present monetary system has. Economist John Williams (4) has expressed it this way:
If you believe the government, annual inflation is running less than 3.5%, unemployment is less than 5%, annual GDP growth is about 3.5%, and the 2005 federal deficit was $318 billion.
In reality, however, annual inflation is over 8%, unemployment is around 12%, and annual GDP growth is flat. Not only does common experience support the latter set of numbers, but also taking a close look at how government economic reporting has been manipulated over time. What will surprise many, though, is that the annual 2005 federal deficit was $3.5 trillion (not billion). That extraordinary number is as reported by the U.S. Treasury, using generally accepted accounting principles.
Williams’ truth seeking is a prime example of what we can expect much more of as the coming Saturn-Neptune opposition takes hold. Saturn does not take anything for granted, and neither do international traders. The following is from voltairenet.org:
Oil traders are increasingly reluctant to entrust investment funds with their money. They know that international accounting standards have been modified in such a manner that nowadays, both national states and multinational corporations have assets they do not own entered in their balance-sheets. The shares they hold are being posted in their accounting, not at the purchase price, but at the actual stock quotation. While this is of no consequence at times when markets are on the rise, it will prove fatal in the case of a stock market crash. From one day to the next, central banks and major corporations could find themselves completely ruined.
One might remember that the US were not able to finance the war effort in Vietnam for very long. Mired in a conflict without end, they resolved to let their allies bear the brunt of the situation and, in 1971, they stopped guaranteeing their currency’s gold convertibility. From then on, its value has only been resting on the confidence placed in it.
Presently, the USA is bogged down in Iraq and is incapable of financing its military occupation there. The only way it can pay its suppliers is to keep the printing press running. The announcement, late in March 2006, that the publication of the M-3 indicator would be suspended, together with all the sub-indicators which could have made feasible its reconstruction by aggregates, means that the actual volume of dollars in circulation has become a secret that cannot be divulged. It is no longer possible to precisely evaluate the currency’s real value.
Our existing monetary system is so dysfunctional it’s now in a subtle kind of meltdown phase. The Saturn-Neptune opposition will demand it be revised, redesigned, replaced. If this can be accomplished soon enough, we will avoid the worst.
But there is scant reason for optimism. Our form of democracy has become, “We elect ‘em but the big money owns and operates ‘em,” so we can expect no help from Congress as it’s presently constituted. We have become a nation indoctrinated with, “Get rich or die,” forgetting that even the wealthiest billionaire ends as dust, the same as everyone else.
Personally, I think it would be a good idea to take a look at the pre-Columbus Native American concept of Planet Earth as humanity’s richest source of capital, the true basis of any form of money and any society’s economy. For university-educated economists whose ancestors viewed exploiting the environment as right and proper, and Indians as “primitive, ignorant, heathen savages,” this new perspective may be very difficult to obtain. But with the mounting effects of global warming waiting in the wings (as exemplified by Hurricane Katrina), dealing with Mother Nature as our universal central banker may become necessary.
Meanwhile, we can expect our monetary authorities to deal with the impending money crisis the only way they know how: By printing more and more money, thus devaluing our currency, causing inflation, so that old debts can be repaid with cheaper dollars. This tactic may appear to be working until the fourth quarter of 2008 when Saturn makes the first of four exact oppositions to Uranus, and many may have the sensation of being slingshot into the future.