People often ask whether I am concerned about inflation, deflation, peak oil, or a global financial meltdown. My answer is as follows.
The future is something to be created, rather than feared. Allocating our time, networks, and resources to deal with a variety of high-risk scenarios frees us to become proactive and to build positive futures instead of negative ones. I like to understand what these scenarios mean in terms of managing risk and to know how we can succeed within all possible futures.
But my business is investment, not prophecy.
The risk scenario I weight most heavily is not listed above. I call it the “Slow Burn.”
The “slow burn” is a political culture and economy managed through principles of economic warfare in which insiders systematically protect themselves and centralize control and ownership of resources by using:
- Central banks
- Currency and lending systems
- Taxation
- Regulatory and enforcement policies
- Controlled media and entertainment
Insiders use these means to drain the time, resources, and life of people on the outside. Although insider cartels compete and jockey for power, they are able to settle their squabbles by increasing control and draining everyone and everything else. This is why the bubble economy continues to deplete the real economy. It is likely the reason why Dick Cheney said, “Deficits don’t matter.”
In a slow burn scenario, it is possible to prop up trillions of dollars in financial asset values by systematically arranging subsidies that ultimately liquidate life. This is what “managing” markets really means: de-populating people and places to maintain phony values created and necessitated by derivative bets.
The reason why it is difficult for sophisticated financial people to discern that a slow burn is taking place is because we have not yet collectively mastered the operational detail of how it is implemented. This is an extremely important subject.
One of the most important aspects of the Paulson Plan to re-engineer US financial regulation is the assertion of complete control of payment systems by the Federal Reserve and gaining access to the data of essentially any financial institution. Combined with 1) the ability to print money and 2) digital communication payment and surveillance technology (satellite), this will consolidate greater power into fewer hands than at any time in recorded history.
As Nicholas Negroponte said, “In a digital age, data about money is worth more than money.”
there are those who are ranting and raving on the internet (bob chapman of international forecaster} that we should all drop everything and buy gold. he is scary this guy and he is
a bit of a looney.
what do you think?
there are those who are ranting and raving on the internet (bob chapman of international forecaster} that we should all drop everything and buy gold. he is scary this guy and he is
a bit of a looney.
what do you think?
Harry,
In the 1980’s the banksters dumped gold on the market after dropping the price of oil to retaliate against OPEC. It was their way to preempt the oil producers from recouping oil revenue loss in their economies by selling their gold to compensate for oil’s drop. It seems the same could happen now too. Of course the Banksters realize that dollar devaluation would result in a flight to gold… They have this well planned out.
As the Bank of E and IMF are the world’s largest holders of gold bullion- will they dump again in reprise? (Remember the 2008 drop below 50 dollars a barrel was orchestrated to begin with by western oil co.s to wipe out oil producing ‘rogue states’ economies.) Iran and Saudi have been buying gold in recent weeks to the tune of hunderds of billions.
Harry,
In the 1980’s the banksters dumped gold on the market after dropping the price of oil to retaliate against OPEC. It was their way to preempt the oil producers from recouping oil revenue loss in their economies by selling their gold to compensate for oil’s drop. It seems the same could happen now too. Of course the Banksters realize that dollar devaluation would result in a flight to gold… They have this well planned out.
As the Bank of E and IMF are the world’s largest holders of gold bullion- will they dump again in reprise? (Remember the 2008 drop below 50 dollars a barrel was orchestrated to begin with by western oil co.s to wipe out oil producing ‘rogue states’ economies.) Iran and Saudi have been buying gold in recent weeks to the tune of hunderds of billions.
It’s all just a game folks. Some people play on computers and other game systems, some people play in real life. The rules are the same for everyone, noone is disadvantaged or in an inferior position except the person that believes that “they” play by a different set of rules. I expect all the folks with victim mentalities to argue that, but I don’t care. You and I have just as much ability to accomplish what they’ve accomplished. Forget the misguided idea that because they started sooner they’ll finish first. There’s no end, there’s no “finish line” There’s no referee that’s going to say, “Game’s over, world domination achieved”. Knowing what’s going on and doing something about it are amazingly different. Seems most people are just complaining cause they didn’t know all the rules up front.
That to me is the amazing thing about religeous people. They’ll split the church over the color of the carpet, drive people out cause the don’t fit in, and then complain that they can’t pay the bills cause half the people are gone. Corporations win cause they stay together, and get more together, and more together by bringing in more and more companies/people. (A stark contrast to religeous groups, when was the last time you saw two of them merge?) Seems like the rest of us could learn a lesson from that. I think if we can, we can win.
It’s all just a game folks. Some people play on computers and other game systems, some people play in real life. The rules are the same for everyone, noone is disadvantaged or in an inferior position except the person that believes that “they” play by a different set of rules. I expect all the folks with victim mentalities to argue that, but I don’t care. You and I have just as much ability to accomplish what they’ve accomplished. Forget the misguided idea that because they started sooner they’ll finish first. There’s no end, there’s no “finish line” There’s no referee that’s going to say, “Game’s over, world domination achieved”. Knowing what’s going on and doing something about it are amazingly different. Seems most people are just complaining cause they didn’t know all the rules up front.
That to me is the amazing thing about religeous people. They’ll split the church over the color of the carpet, drive people out cause the don’t fit in, and then complain that they can’t pay the bills cause half the people are gone. Corporations win cause they stay together, and get more together, and more together by bringing in more and more companies/people. (A stark contrast to religeous groups, when was the last time you saw two of them merge?) Seems like the rest of us could learn a lesson from that. I think if we can, we can win.
Brilliant. This lady is right onto it. Particularly liked the “English” translation of the G-20 summit position. I thought they’d propose defaulting to the Euro there, with the IMF to take over as a world central bank after the next crisis meeting in a few months ( why America is being brought to its knees….the dollar will be crashed and hyperinflated ). I was wrong – too early ?
We are also in a bad way in New Zealand and watching your struggle there. The USA will be hit hardest, now, but the aim is world control – consolidated by an ongoing phony War on Terror.