The Editor of Expresso in Portugal wanted my take on the recent G-20 communique. Here is my “translation” of the official statement:
1. Now that the growth of debt and derivatives bubbles has stalled, we are committed to using governmental-central bank mechanisms to cover the positions of any of the large private financial institutions whose profits are at risk due to their management of these bubbles and who can use this opportunity to squeeze and acquire smaller rivals at low cost.
2. Our commitment to use derivatives and market interventions to shift investment from the real economy and commodities into a paper economy is firm. We will continue to use centralized governmental mechanisms to subsidize and manage this process.
3. All of the organizations and players who reaped a fortune engineering the debt and derivatives bubbles will be allowed to keep their winnings.
4. We will use this period of consolidation to further centralize the global financial system by enforcing greater centralization of the standards, practices and control of enforcement and regulatory bureaucracies. This increased governmental centralization will be presented as the “fix” for our “problems.”
5. We will continue the move toward one world government and one world currency.
6. We are prepared to use coordinated inflation of global money supplies and fiscal stimulus to protect our control and positions.
7. We are committed to the Slow Burn (see my blog post on this subject).
8. This process will continue to be managed to protect large insurance and risk positions.
9. The net result will be to continue to exercise growing control over the real economy by a handful of private families and institutions designed to protect and grow intergenerational wealth.
G-20 are silent on the military and covert action that will be required to make this stick. They are also silent on how they are going to manage this much inflation. For example, the most recent figures from the St. Louis Fed indicate that the aggregate monetary base is growing at an annualized rate of almost 800%.
Watch for a new focus on “green investing” as the trick in all of this will be how to create new productivity when the absence of real prices mean there is no market to provide the necessary signals and financial incentives.
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Video clip: Catherine Austin Fitts discusses Housing Bubble fraud in 2008: Live from San Francisco
Following a successful career on Wall Street, Catherine Austin Fitts was appointed U.S. Assistant Secretary of Housing / Federal Housing Commissioner in the first Bush administration. Catherine’s story is chronicled here: dunwalke.com.
G-20 does not own Obama, Israel does. Mossad already owns Obama (he picked Rahm Emanuel, the son of a terrorist). Obama will probably let Mossad slide on their 9/11 involvement and Obama will continue their wars. So who won? Israel did, as always.
9/11 and Israel, here:
http://blog.myspace.com/index.cfm?fuseaction=blog.view&friendID=309228910&blogID=441442669
Thanks very much for that.
I wish there was more being published about the G20 Bretton Woods summit
Hey Catherine,
Will you marry me? I’ve had a crush on you since Ruppert released “The Truth and Lies of 911.”
Yours,
Opponent
http://www.taoofthegambit.net
Catherine,
Truly excellent translation. One of our readers sent me here.
While I salute your exemplary expression of these truths however, I’m compelled to raise the missing link.
It’s impossible to do so without some first person singular, but, to distill the essential story… in 1983 I provided the Reagan Administration with mathematic proofs and computer models (complete with source code which you can still download and run from our pages), that not only would he fail to balance the federal budget or offset price inflation, but that this very day would arrive. In other words, given 1983 numbers and reasonable anticipation of de-escalated interest rates, those computer models projected a U.S. monetary collapse under terminal sums of debt, potentially/probably drawing the rest of the world down with it, at approximately 2010 AD.
But the missing link I raise is solution. In other words, unless we ascertain cause, we cannot resolve whatever process is responsible for effect. These models or their related thesis therefore comprise the real, underlying cause (versus myriad consequences).
Jumping back a few years further regarding this question of cause and solution, in 1979 I published a mathematic proof that a) any economy subject to interest ultimately terminates itself under insoluble debt; and b) that there is one and one only integral solution to 1) inflation and deflation, 2) systemic manipulation of the cost or value of money or property, and 3) inherent, irreversible, terminal multiplication of debt by interest.
Thomas Jefferson fairly well identified the principal cause of failure (a), which is the principle by which said models projected this failure; but as no one since developed the singular solution (b), all subsequent history to the present is the consequence.
Jefferson nonetheless said, “If the American People *ever* allow the banks to issue their currency, first by inflation and then by deflation, the banks and [bank owned] corporations which *will* grow up around them *will* deprive the people of *all* property, until their children wake *homeless* on the continent their fathers conquered.”
This perception falls just short of solution, because if you unravel it you will find that “first by inflation and then by deflation” refers not just to intentional alteration of the circulation, but to simultaneous processes which engender inevitable failure. That is, merely to maintain a vital circulation subject to interest requires that we re-borrow whatever we pay toward principal and interest, as subsequent sums of debt, perpetually increased so much as periodic interest. Thus a sum of debt will multiply by ever escalating increments of periodic interest on an ever greater sum of debt, until we can no longer afford to service a further sum of debt — with this final stage of the lifespan therefore comprising a state where we can neither borrow further as is necessary to maintain a vital circulation. Then of course, the whole system comes down.
Franklin, Jefferson, Jackson, Lincoln, and many others gave serious attention to the problem, but never solved it.
Nonetheless, there are two sides to the coin. The first is recognition of the crime/problem. But this is to no avail if we aren’t going to recognize/implement solution. Still however, neither is the latter idea to any avail if there is one and one only solution, and we propose to implement anything less.
But as I say, I published a proof of singular solution in 1979; and, since then, not only has that proposition been tested/challenged by academia, it is effectively proven inversely by the culmination of present circumstances.
Since 1975, I have been referring to the solution as mathematically perfected economy™.
Our website of course provides substantial invalidations of contending theories. But I invite you to see two of our pages in particular, which readers have recently reported to register the present circumstances in such a way that they finally understand the differences between loss/failure of satellite banks, collapse of the system, and integral solution:
THE PROBLEM IS NOT DEBT!
http://perfecteconomy.com/wp/2008/11/17/response-to-ich-the-problem-is-not-debt/
IF I WERE PRESIDENT: How to arrest monetary collapse in a day:
http://perfecteconomy.com/pg-if-i-were-president.html
Regards,
mike montagne — founder, PEOPLE For Mathematically Perfected Economy™, author/engineer of mathematically perfected economy™ (1979)
Are we aware of the impending threat to limit our speech on the net? First the ‘[un]fairness doctrines’ with silencing our internet voices to follow. Thanks for a literate blog. Thank you Catherine!
Thanks Abe,
Sorry if the comment is out of context, but my first comment is still waiting for approval, in my pending comment, I managed to bring the subject of global warming into context, hopefully it will be approved.
I don’t think people are going to have to work to hard to figure out the reality of the situation, because it is right in there face every day now.
But then again, “ignorance is bliss”
A wise man once said, “Perception is not reality, you can wear virtual reality glasses that simulate walking in the woods, and meanwhile you just walked over a cliff, you may think you are in the woods, but in reality, you are in free fall to your doom”
keep on fighting the good fight Abe, and all other illuminated ones.
Dear Salvadore on 11-20-08 at 11:04 AM:
Well put. Now if we can only get people to research for themselves and find the truth we posted.
Thank you.
Abe Lincoln