Showing posts with label Greece. Show all posts
Showing posts with label Greece. Show all posts

2011-11-13

Occupy Wall Street vs. Christine Lagarde and the Tea Party

What a remarkable week.

Municipal authorities all over North America directed their police forces against local instances of 'Occupy Wall Street' with nary a peep from the mainstream.

Of all places and peoples, you would think this continent and society, cradle of 1960s revolutions, would be among the first to realize that 'Occupy' is no adolescent prank. This is serious stuff folks and authorities who fail to recognize 'Occupy' as a legitimate sibling to the 'Arab Spring', risk sharing the legacies of Richard Nixon and Julius Hoffman.

Perhaps these denizens of denial have been seduced by the bought-and-paid-for narrative emanating from our mainstream media with their comforting saw about the movement's purported lack of cohesion.

Where is the zippy catchphrase? Where is the mobilizing slogan? Surely such a disparate hoard of vagrants and dilettantes could not possibly muster into an organized threat?

Ha! “Here come dah Judge!”

Evicted from mushrooming city-centre encampments, they will be herded into the Courts where the slander of "inarticulate clowns" will dissemble, leaving a constitutional earthquake in its place.

The monumental lie known as “servicing the debt” will be revealed for the scandal it veils. A new parable is about to emerge. Across four continents, but especially in Euro-America, torrents of us will line-up in the lobbies of our neighbourhood banks, not City Hall.

The truth will suddenly dawn across the planet that all these years of “servicing the debt” have had nothing to do with repaying the capital borrowed, nor even with paying simple interest as a fee for carrying that debt. Rather, servicing the debt consists of nothing less than the statutory and exponential rape of personal and sovereign ownership through the subterfuge of Compound Interest.

As the vast majority of humanity awakens to the fact they pay up to 300% of the value of their homes before ownership is transferred into their name, they will demand to know where the additional 200% has gone. Along with Greeks and Germans they will realize that of the billions upon billions of additional taxpayer money misrepresented as bailout, not one cent will go to repaying original debt, but rather entirely to the 200% + in still compounding interest charges.

The final straw will come when those aforementioned Court proceedings, backed by the gun-toting police we ourselves have funded, show the whole process of compounding interest has always been designed to transfer ownership into the hands of a few chartered lenders and their derivative industries of speculative investment and pseudo-insurance.

When this entire financial crisis finally focuses public attention on the transfer of ownership that occurs when borrowers default on compound interest, the 'occupy' movement will morph into a 'withdraw your deposits in protest' movement that will bring the entire global banking system and its political pawns to their knees within days.

Occupiers, leave your tents by your tens of thousands, walk quietly to your nearest bank branch, form unending cues simultaneously at all the teller windows, and simply withdraw all your deposits immediately and in cash.

That is your secret weapon. That is what terrifies them.

The ultimate risk in this global financial crisis is that we might finally foreclose on them!

The IMF (International Monetary Fund ), World Bank and BIS (Bank of International Settlements) would collapse within days. Global financial reform would follow within mere weeks.

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PS: If a layman like me saw this coming so long ago, and again more recently, where the hell are the professional financial press?

2011-09-23

Compounding Idiocy

German taxpayers are idiots.

They are furious because they think their taxes are going to help Greeks.

They have been fooled into believing their precious Euros will be applied to fixing a Corinthian bridge, paving a Spartan road, or feeding a homeless Athenian. Some Germans think it would be better to revert to controlling their own old currency, undiluted or contaminated by greasy Mediterranean Euros.

Don’t they realize they are being lied to just as much as the rest of us? The German Government isn’t taking existing money from tax revenues to give to Greece. They are borrowing it!

Every cent is channeled through the machinery of international finance in the form of extended credit and loan guarantees known as bailouts. Don’t they understand these are just more ‘debt’ owed to the same lenders, as all the previous loans were.

The fact is we are all German. We are all Greek. We are all idiots.

So long as the world’s financial institutions are chartered and structured as they are now, every cent of so-called bailout money goes first to 'service' existing loans, i.e. to pay the accumulated interest layered onto all previous interest. Not one penny will reach Greece. Greece will only go further and further into debt, owing more and more interest, until they collapse from exhaustion. They will then awake to find the lenders have not only pocketed all the interest that has already been paid, but that they now own all the assets pledged as collateral to obtain the original loan.

Are you really still distracted by interest rates being so low for a while? Don’t you see that's how they keep us hooked? It’s not the current rate Dummy, it's the accumulation!

Do you still think this is about Greece? Do you think the Arabian Spring is about Arabia or that the anger in the streets will remain in Athens and Cairo?

Wake up folks.

Compounding!

Lending is OK. Charging a service fee to cover expenses and even make a profit during the loan is OK. But charging and accumulating additional interest on the interest itself is compounding.

Compounding!

Repeatedly charging new interest, not on the original loan, but on past interest, operates like a giant global funnel collecting more and more cream from the world economy into a reservoir of obscene wealth and hoarding by the lenders and their legislative lackeys, the Governments that manage the guns that enforce the eviction orders when the compound interest isn’t paid.

That is why sheriffs enforce mortgage foreclosures. That is why the United States military operates in over a hundred debtor countries around the world: to enforce transfer of ownership to the lenders after interest defaults.

Greece is not sinking under the weight of borrowing. Nor have the United States of America used their trillions of dollars of debt to repair roads and bridges. None of us is sinking under the weight of our original loans nor even the interest charged on those initial loans. We are sinking under the weight of additional interest charged on earlier interest, manufactured out of thin air by the lenders.

Compounding!

Why do we pay at least twice as much on our mortgages as our houses are worth?

Compounding!

What are people walking away from when they default on their mortgage and lose their house?

Compounding!

What will Greece walk away from when they finally wake up and default on their sovereign debt?

Compounding!

Why are all currencies losing value compared to real resources, materials and services?

Compounding!

Why will the riots in the streets of Athens, Cairo, Damascus and Sana’a spread to London, Shanghai, Detroit and Los Angeles between 2012 and 2015?

Compounding!

There is a human, global and unprecedented revolution brewing. Commentators who dare point it out are being ignored or ridiculed. By the time they are also being persecuted it will be too late. The Banks, insurance companies, pension plans and most of the world's currencies will also have defaulted.

Human beings will finally recognize and revolt against compounding, but by then the former Lenders will have closed shop and waltzed off with legal ownership of the underlying real assets.

There, you have it in a nutshell.

Compounding until default leads to ownership by the lender.

What remains to be seen is whether the former lenders, the financial institutions that invented compound interest, foreclosure and transfer of ownership, can maintain their current influence over the warriors that enforce that ownership.

Will government and finance remain one? Totalitarian government and financial institutions brazenly and transparently control information.

Don't you understand the roles played by Dick Cheney and Carl Rove? Are you mysteriously sickened by how Barack Obama has so inexplicably betrayed his promise?

I'm with the people who are demanding genuine regime change. The one that really matters. Athens, Cairo, Beijing, London and soon to be New York.

Now you have the answer.

Compounding.

Come talk to me in 2015.

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