+- +-

+-User

Welcome, Guest.
Please login or register.
 
 
 

Login with your social network

Forgot your password?

+-Stats ezBlock

Members
Total Members: 48
Latest: watcher
New This Month: 0
New This Week: 0
New Today: 0
Stats
Total Posts: 16867
Total Topics: 271
Most Online Today: 141
Most Online Ever: 1208
(March 28, 2024, 07:28:27 am)
Users Online
Members: 0
Guests: 140
Total: 140

Author Topic: Money  (Read 29814 times)

0 Members and 2 Guests are viewing this topic.

AGelbert

  • Administrator
  • Hero Member
  • *****
  • Posts: 36274
  • Location: Colchester, Vermont
    • Renwable Revolution
Re: Money
« Reply #15 on: May 11, 2015, 08:18:05 pm »
Quote
Unless and Until the Ruskies and Chinese can set up their own currency regime not linked to the Dollar, they will be short on Cash.  Even the Chinese will be, because T-Bills are NOT cash.  Think about it.

RE


T-Bills ARE in effect the same thing as cash.

They can print their own cash and it will be accepted by those who wish to do business with them.

They also have the ability to counterfeit all the US dollars they want if they wish. They have done this quite successfully already. Engraving notes is a joke task for these countries with today's technologies. Syria, Libya, and North Korea have been printing dollars for decades.

Am with GO on this one, RE. Am at a loss to understand how T-Bills, which are convertible to cash, are not the same as cash.
Formal logic, yes? If x=1 and x=y, then y=1.

Isn't the real economic issue the fact that the debit based economy has rehypothicated itself to a standstill, and there are far too many promissory notes and loans outstanding in a time of negative (real) growth? And not nearly enough collateral.

Surly,
  What Paul Craig Roberts is clearly stating is this, THERE IS NO PLAN TO EVER collect an "owed" debt to the Vampire Bankers disguised as countries in the EU and the ones that run the USA, PERIOD. That is OBVIOUS by the staunch (and STUPID) refusal of Germany to accept the haircut that Greece has graciously offered.

It's really a repeat of the IRRATIONAL PUNITIVE DEBT INFLATION that was pulled on Germany after WWI. And YEAH, the VAMPIRE BANKERS WANT the same destabilizing results in Greece as they got in Germany. Squeezing people to penury, poverty and despaeration produces radicals, which in turn produces a great excuse for more war, etc. These Greedball Bankers never stop doing what they do.  :P
 
The PLAN is perpetual buck passing, empty promises and perpetual pretense of financial responsibility based on predatory capitalist enslavement of an increasing segment of the Greek populace. Paul Craig Roberts, who knows a thing or two about money and economics, says the Greeks should say, "NUTS TO THAT! and DEFAULT.". THEN they have ZERO DEBT and any future Drachma based debt is Russian financed at reasonable rates on a reasonable debt, not an INVENTED DEBT based on Vampire banking baloney.

And then Paul Craig Roberts underscores how solving the Greek crisis undermines the European Union USA Neocon backed push to go to war with Russia. Greece is the Achilles heel (oh the irony!    ) of the Vampire bankers!
Putin gets that!

Paul Craig Roberts is NOT engaging in hyperbole when he says Putin is emerging as the LEADER OF THE FREE WORLD. I agree.
He that loveth father or mother more than me is not worthy of me: and he that loveth son or daughter more than me is not worthy of me. Matt 10:37

 

+-Recent Topics

Future Earth by AGelbert
March 30, 2022, 12:39:42 pm

Key Historical Events ...THAT YOU MAY HAVE NEVER HEARD OF by AGelbert
March 29, 2022, 08:20:56 pm

The Big Picture of Renewable Energy Growth by AGelbert
March 28, 2022, 01:12:42 pm

Electric Vehicles by AGelbert
March 27, 2022, 02:27:28 pm

Heat Pumps by AGelbert
March 26, 2022, 03:54:43 pm

Defending Wildlife by AGelbert
March 25, 2022, 02:04:23 pm

The Koch Brothers Exposed! by AGelbert
March 25, 2022, 01:26:11 pm

Corruption in Government by AGelbert
March 25, 2022, 12:46:08 pm

Books and Audio Books that may interest you 🧐 by AGelbert
March 24, 2022, 04:28:56 pm

COVID-19 🏴☠️ Pandemic by AGelbert
March 23, 2022, 12:14:36 pm