If you take a minute to understand how our money is created, the perversity and corruption in our system will become clear. And, when I say system, I mean our monetary system to be sure, but also our entire system of government as it functions today.
Most of our money starts out in life as debt. When the Federal Government of the United States of America decides that it needs money that it otherwise does not have, it issues debt ….. bonds. Those bonds are sold at auction by the Treasury Department. Much if not most all of these bonds are purchased by a group of twenty or so large, mostly Wall Street banks designated by The Federal Reserve Bank as "Primary Dealers".
Interestingly, The Federal Reserve Bank or "The Fed" as it is commonly known is not an agency of the Federal Government of the United States of America as one would reasonably expect by virtue of it's name. It rather is a privately held institution, owned in large part by ..... wait for it ..... the "Primary Dealers. The Federal Reserve Bank adds or subtracts money from the economy by trading government bonds with the "Primary Dealers", mostly always at a profit to the "Primary Dealers".
Purchasing bonds from the "Primary Dealers" injects cash into the economy as the Federal Reserve simply makes a journal entry into it’s own computer system for it's own account, and in so doing it deposits a sum of money which did not exist one instant before and thus some number of billions of dollars of new money is born out of thin air. It only dies when the Fed subsequently sells those bonds back into the economy, thus drawing cash out of the economy, or when the government pays that money back by redeeming it's previously issued bonds. In other words, that money is for the most part immortal.
The Federal Government of the United States of America then pays the required interest on this debt out of tax revenue.
Lately the Federal Reserve Bank has on occasion been buying the bonds back from the "Primary Dealers" the very next day following their original purchase by the "Primary Dealers" from the Treasury Department. This enables these preferred banks to buy the next batch of new bonds and then subsequently resell them to the Federal Reserve Bank at another profit whenever the Federal Government of the United States of America again decides that it needs to spend some money that it does not have. Usually, that would be tomorrow.
This is the nuts and bolts of the proceedure commonly referred to as "Monetizing The Debt".
Here is where it gets real interesting ..... at least to me. Congress is empowered by the Constitution to “coin” money without ever having to fool around with The Fed, issuing bonds, debt or making interest payments. U.S. Constitution - Article 1 Section 8 begins as follows: The Congress shall have Power To ….. some stuff you should probably take the time to read ….. Clause 5, “Coin Money, regulate the Value thereof” ….. and then some other stuff you should probably also take the time to read. Congress punted on that right with the passage of The Federal Reserve Act of 1913, which Act created The Federal Reserve Bank as a privately held institution.
Were the Federal Government of the United States of America or any other nation in the world for that matter, to simply make it's own entry into it’s own account at it's own bank, rather than the privately owned institution that it now banks with, there would be no debt, no sale of bonds and no need to pay any subsequent interest payments out of tax receipts.
There most certainly would be instances of inflation, which would most certainly be underreported by a legion of governmental economists kept on the payroll, in one way or another, for purposes of massaging numbers in an effort to obscure the true rate of inflation in a cynical effort to evade accountability to the American people. BUT ..... how is any of that different from what we have today?
The hidden benefit here is of course that there would be no insider profits to be had for the "Primary Dealers”. Which profits they are presently using for the purchase of among other things, legislation that suits their own special interests, largely to the detriment of the American people. That last part there is just my opinion.
Were we to simply cut out the middle man by chartering a bank that is wholly owned by the American people through the Federal Government of the United States of America and let it give birth to it's own money, a lot of our problems, most notably our debt, would become a whole lot more manageable.
Doesn't that strike you as an ever so much better approach? It certainly worked for Andrew Jackson.
In the year of 2000 there were seven countries whose economies operated without a privately owned central bank, they were:
Generally accepted "terrorist" hotbeds all.
Those well known human rights abusers.
Today, thanks to the yoeman efforts of both the Bush and the Obama administrations on behalf of the world's central bankers, only three remain:
It doesn't take much reading up on this stuff before pretty quick you come across the Rothschilds, Khazarian vs. Abrahamic Jews, Synagogue of Satan stuff, the Rockefellers, Trilateral Commission, the Bank for International Settlements, Bilderbergs and The Council on Foreign Relations etc., all of which completely saturates this conversation.
And, all of which, while fun and most likely mostly true, completely misses the point.
That point being, why on earth would any nation put it's national bank and thus it's supply of money in the hands of privately held interests rather than in the hands of a democratically elected or governmentally appointed body, and thus provide public oversight of the peoples money?
The reason is obvious, ... at least to us ... a privately held central bank enriches banks and bankers, or in other words, the Rothschilds, Rockefellers, denizens of The Council on Foreign Relation, Trilateral Commission, Bilderbergs, Bank for International Settlements, Goldman Sachs, JP Morgan and the other Primary Dealers, all at the expense of ordinary citizens.
You can think and think and think and think and think and think and think and think and you will not come up with a system for funding your government that is more damaging to the average citizen.
I don't care what it is that you care about when it comes to politics, whether you are of the right or the left, liberal, conservative, socialist, communist, libertarian, anarchist, ambivalent or just plain disgusted, there is absolutely no possibility of achieving anything of your dreams for your nation until the money supply is ripped from the hands of the privately owned central bankers and vested with your nation's citizenry.
Where it obviously, will undoubtedy, absolutely and damn near immediately go FUBAR ......... but FUBAR in most of the world's economies lately, rates as a significant improvement.
Until people seize control of the supply of their money, it ain't their country.
They are simply tenants or indentured servants or in the term of the day, "debt slaves".
Because ..... If it ain't your money, it ain't your country.
If you recall some time ago we took note of the fact that despite the relentless increase in America's yearly "investment" in education, results as measured by standardized test scores remain in decline.
You don't really have to recall, here's the stuff.
You may remember that at the time, we offered the following thought,
Then, in our last post we took note of a profound increase in women entering the labor force.
After which, we offered the following opinion, "We view this in and of itself as neither a good thing nor a bad thing." although the remarkable visual similarity between declining test scores above and the Husbands Only working line below is ... well ..... remarkable.
We do view it as is a thing.
More important, we see this thing on a daily basis as this just is how things are nowadays.
This much bigger thing ..... IOHO ..... we also see on a daily basis, as this is also how things are.
And while we're on the subject, single parent families account for over half the total of America's welfare recipients, while two parent families accounted for around 5% in 2010.
And family income is the single most powerful predictor for success on standardized academic achievment tests.
Apologies for the fuzzy image, it is however worth the eye strain as there is some good stuff in there.
Our conclusion here is that you should now be in a position to draw your own set of conclusions.
But ......... What to do? What to do?
Later for all of that, we're still bitching.
I have Terry and a couple of the minions all over me to get it back up to speed.
And I will.
Mostly lately I've just been reading in an effort to separate fact from fiction.
The news of the world by the way is mostly fiction, as you can no longer trust any source.
I don't view this as tragedy since it began to occur to me that in all likelihood, you could never trust any source.
We just mistakenly choose to trust those sources with which we mostly agree.
After all, I'm a reputable guy and if these guys agree with me they must be reputable guys as well.
Mmmmm ..... maybe not.
So what to do?
For the forseeable future, you just gotta test everything.
Anyway, here's some pretty good stuff from CBC, The National, it's about 24 minutes and moves along pretty good.
The Monarchs of Money.
That's 178 words TD ..... not counting these.
It's 185 if you count those, but not these.
199 counting those and these.
Our second plank offers up our thinking on "Climate Change" which having not sold all that well under it's original name, "Global Warming" and many of it's chief promoters having been discredited as haters, cowards, shameless profiteers and crazed sex poodles it has now been repackaged with a new name, new marketing and a new catastrophe ... Hurricane Sandy.
To begin with, the earth has been heating up lately ..... probably.
If you look at the chart above and notice the orange lines at the right end. Those lines represent those years where temperatures were actually measured using instruments that record real temperatures.
Take note of the word "Reconstructed" in the key at the upper left hand corner.
Among the problems with calculating "Climate Change" is that word "Reconstructed" as in the year 1000 AD there were almost no thermometers hanging outside the conning tower at your local airport recording daily temperatures.
For the better part of 1900 years out of a 2000 year ... ish ... chart, we're calculating average temperatures from tree rings and ice cores ..... among other things.
This bares repeating ..... tree rings and ice cores.
The problems in data collection are endless as even recently, examples of blatant stupidity and/or pure fraud have been detected in the numbers.
Here are just two physical examples.
By way of explanation for what you're about to look at here, the refrigeration unit and air conditioners blow cold air into the building and exhaust the hot air out ..... pretty much directly at the temperature sensor/thermometer.
Click on either photo below for more examples of sensor placements which are likely serving to help cook the books.
Get it? ..... Cook? ... the books?
I can't crunch the numbers on the research but there are enough complaints about the treatment of the numbers from people who can, not to mention enough assurances from a raft of people who for damn sure can't, to make my bullshit detector swing wildly.
Or you can take my word for it as I did read it because, while it is a little long it's not very tough reading.
Understand something here, all of this is before you even begin to consider possible causes.
Which brings us to our first position.
The Moon is also warming up by the way.
Yeah, yeah that's only a 4 year chart, we're just having a little fun pretending to be Progressives.
NASA also thinks that Mars is warming up along with maybe Jupiter and Triton, but who the hell knows.
They're studying it because ..... that's what scientists do.
Finally, having researched and pondered this issue to the fullness of our not inconsiderable capabilities we arrive at the following conclusion.
Having been both warm and cold, it is our strongly held opinion that ...
We begin today in developing/establishing the platform upon which the Roanman candidacy for the office of President of the United States will stand.
And since I'm still feeling a hair run down and happen to have this bit of word art already completed, and not because I attach any special importance to this issue, I'll begin with "Gays In The Military".
I believe a decent enough interval has elapsed since the 2012 presidential election for me to announce my candidacy for the office of President of the United States in the upcoming 2016 presidential election.
Having taken care of that little bit of business, I'm taking a weekend off from the site as all this politicking and stuff has me worn out.
So ... once again in the words of both Douglass MacArthur and the Terminator.
And, as always when we take a little time off, we remind you of the wisdom of Sgt. Phillip Esterhaus.
That's good advice.
I think we've been plain enough in our opposition to the candidates for President being offered up by America's two great political parties.
We cheerfully acknowledge the liklihood that in addition to being deeply opposed to many/most/if not all of the policies put forward by President Obama, Mr. Romney and their respective party platforms, this may reflect a personal problem on our part as we have internalized ... and then some ... the following credo first presented by the beloved Groucho Marx.
So anyway, the libertarian/anti-war types have sniffed us out and have been bombing us with the stuff.
So to speak.
The following are some of our favorites.
We begin with Terry D's hands down favorite, which mostly just creeps me out.
Our strongly held opinion is that the next couple whatevertheyares accurately depict the overwhelming tone of the 2012 election.
This year, America will be voting against.
Conan get's it.
America's contempt for the political class continues to grow.
Which in the case of Vice President Biden, that contempt is well earned.
Speaking of War, some people are beginning to notice that the supposed anti-war left has been AWOL for the past four years and have drawn some conclusions.
Finally, a warning.
Be afraid ..... Be very afraid.
I knew this one was inevitable.
Among the opinions that I freely share with anyone willing to listen is the notion that there is next to nothing that separates the two candidates presesently running for the office of President of the United States. Furthermore, if you look at the practices of their respective administrations there is next to nothing that distinguishes the administration of Barack Obama from that of George W. Bush and indeed very little that distinguishes either Bush administration from Bill Clinton's discounting the spectacular opportunities for policy adventures afforded the latter Bush by virtue of the wildly more succesful attack on the World Trade Center that occurred on his watch.
This notion frustrates Republican/conservative types to no end as they consider themselves to be the only grownups in the room and as such the only possible responsible viewpoint on any issue you might care to name, while at the same time infuriating Democrat/liberal/progressive types to near apoplexy as they view themselves to be the best possible people imaginable by virtue of their tender hearts and pure intentions all the while loathing with the deepest passion imaginable anyone who has the temerity to oppose them on any issue.
So anyway, I was at the soccer game the other day watching the youngest Roanboy command the midfield, when I chanced upon one of my Republican/conservative type friends who visits us here from time to time and is exasperated with me for refusing to support Mitt Romney.
Finally completely frustrated, he said to me, "Youre so f&#$%@^ smart, what would you do?"
"I'm Emperor?" I ask, delighted at the prospect.
Look of disgust.
Then I rattle it off in about 18 seconds.
1. Break up the media near monopolies. Allow for ownership/investment of only one media outlet, be it newspaper, televison station or radio station per state.
2. Break up the banks. Bring back Glass Steagall word for word at minimum. Better yet, legally segregate retail banking from investment banking from propriatery trading from brokerage from insurance from fee based research.
3. Abolish the Federal Reserve Bank.
4. Disengage from all foreign entanglements including NATO and bring all of our troops home.
5. Establish term limits of 3 terms for Congress and two for the Senate.
6. Establish term limits of 25 years for all public employees. Some time in the private sector would do most of them a world of good.
7. End the "War on Drugs". Legalize it, tax it, use the money you save for treatment.
8. Close the Department of Homeland Security. Hold parties at airports all over the country and beat the shit out of their equipment with sledge hammers. Make transportation companies responsible for their customer's security.
9-a. Establish a flat tax of 10% on every dime of income over twenty thousand dollars, regardless of source, regardless of the form (benefits are income) from every entity, while removing deductions for mortgage interest, state and local taxes, charitable contributions ..... everything. End FICA
9-b. Remove depreciation and depletion allowances from corporate tax returns along with interest deductions, allow business entities to expense capital purchases along with business expenses in the year they occur on a cash in cash out basis. Treat debt for purposes of acquiring capital purchases as income. Get it? You can expense capital improvements in the year they are acquired to the extent they are unleveraged.
10. Hire the nastiest prick I can find with some prosecutorial experience to hold a public investigation of the attack on the World Trade Center of September 11, 2001. Give him every dime he asks for. Hell, offer up a bonus for every conviction that results in a hanging ..... make it a big one.
"How's that just for starters?" I asked, just as innocently as I am able.
He won't be back bothering me anytime soon.
No, that's not me in the picture although I used to look a lot like that ..... before the operation.
I’ve gone through this before, but I want to repeat it.
Of the two of us who do most of the reading around here one of us is retired … me … and the other, despite claims of being gainfully employed hasn’t done an honest day’s work in years, possibly decades.
This provides the two of us with the awesome blessing of time to read.
You can choose to believe this or not but we do sit and read almost all of it from one end of the spectrum to the other and have come away with the following conclusion:
What is going on around here lately is an epic, inevitable, multigenerational, international reset wherein nothing promoted by either the professional left or right has a snowball’s chance in hell of even mitigating, let alone preventing the slow motion train wreck that is upon us.
To the contrary, that which is being promoted by both professional ends of the political spectrum … basically more of the same … is the express cause of all of our problems.
More distressing still, most of that which is being offered as solutions to this horor is specifically designed to benefit only the small group of insiders and their lackeys who presently control the world’s financial system, the media, this country's two major political parties along with much if not most of the rest of the western world, and who by the way also caused this whole frickin nightmare in the first place ..... all at the expense of the ordinary citizen.
And finally we have sadly concluded that the notion held amongst the partisan faithful of the world that if we can just get or keep our guy in power, everything is gonna turn out alright is … to be unkind about it … delusional.
I will also cheerfully admit to being a shameless troll.
I bring this up because this past week I had the distinct pleasure of simultaneously engaging over a 36 hour period of time my favorite Socialist, my favorite NeoCon and one of my all time favorite people on this earth whom I have never actually met, but who happens to be the one individual I have ever known to have continually flummoxed any of the common political labels anyone could possibly pin on another person, with the possible exception of flake.
As an aside, all three of the above would vehemently deny my characterization of their thinking but ... you know ... I just call em like I see em.
Anyway, during a short one hour and 45-minute period of time one evening this week, I was accused of being a "Lying Republican", a "Liberal" and a “Failed Hippy”.
I don’t care who you are that’s pretty damn good work.
Here's the problem that faces not only the government of the United States, but every government everywhere in the world.
So many lies have been exposed and so much bad faith has been revealed that were the President of the United States to come out and announce that the sky is blue, a significant percentage of the population would walk out their front door just to check.
Which individuals of course would depend on whether it were a Democrat or a Republican President.
Here's a way cynical five minute presentation on the government's account of the events of September 11, 2001.
My strongly held opinion is that the report issued by the 9/11 Commission has absolutely nothing to do with what really happened on that terrible morning and that the real perpetrators are far more likely to be Mossad and the Saudis who are much friendlier than they will ever admit to being, along with some serious help from the very top of the international military industrial complex and some of our own intelligence bankers, than it is to have been some rag tag band of Muslim cokeheads.
Once again thanks to our friend Ammericanu.
This type of production is popping up all over the internet.
Which is the fundemental reason the ownership of the federal government is trying and will continue to try to obtain final control over what you see on the internet.
Just as they have obtained control over what you see, hear and read on television, radio and newspapers.
The simple truth is that neither the Democrats or the Republicans have any interest in you, your dreams or your life, and both are blatantly contemptuous of your views concerning how they manage their country.
Wouldn't ya' just love to do something about that?
Well, you have come to the right place as we have your solution.
First of all, vote in every election for the rest of your life.
And then while voting in every election for the rest of your life, never, ever, under any set of circumstances, ever, vote for any incumbent, for any office, under any set of circumstances, never, ever, neverever ..... right down to dogcatcher.
Exceptions to this rule can and should be made on the occasion of TRUE LUV.
And you know how often that comes around ... once maybe twice in a lifetime.
Otherwise, just say no to incumbency.
The great conceit in American political life is that "our guys are better than their guys".
Good government will elude us until we are turning over damn near every political office in damn near every single election.
The more money a guy has for advertising, the less you want that guy representing you, because he doesn't.
The more lawn sign you see out there with some guy's name on it, the less you want that guy representing you, because he doesn't.
Even when it's your lawn.
I promise you he is representing the guy who bought the sign and not the guy cutting the grass.
Kill em all.
Figuratively speaking of course.
A number of people continue to ask about the colt.
He is outstanding, thank you.
This is his baby picture.
We've had no more episodes of colic since he returned home from the convalescent home and he is by far the best two year old I've ever been around ... actually by way far.
He's been so good that the people who own the place where I ride asked me to ride their two year olds while they're off showing horses, thinking that it was my skill as a trainer of colts they were witnessing when in truth it's my colt the genius, picking it up as fast as I can show it to him, who is special.
This is a perfect deal for them as they can't pay me if I want to maintain my non pro card and good for me because I've lost 6 or so pounds, about an inch I didn't need anyway and have cleared my lungs out pretty good just from fooling around three or so hours a day, six days a week with four two year old colts.
The downside is that going from riding no horses a day to four colts a day in about two weeks has left me a little beat up and temporarilly reliant on the Tylenol to accomplish pretty much anything else.
Remembering that I'm riding babies and am training mostly at a walk or a nice working trot, here are two vids that demonstrate how I've been spending my mornings.
The first is from Larry Trocha who offers a useful conversation about setting up a wall with the bit, and maybe more importantly proper riding posture into your stop.
The second is from Les Vogt who certainly has a glorious work environment and presents one of my favorite thoughts on stopping, that being the notion of 'letting them stop" rather than making them stop.
Drive your colt into that stop, say whoa while you're pulling your legs off him and pretty quick you'll get that "melting into the ground" thing that everybody loves.
At least around here.
I've done a fair amount of thinking about fear and phobias during the course of my life having had just the strangest experience with a girl who turned into a human statue one afternoon having been blocked from the door in a horses stall.
It was one of my horses of course, and while not a lover like some I've had he didn't have a mean bone in his body and to my knowledge from the day he had his testicles removed never even had an aggressive thought.
Needless to say, there was no second date.
Among my issues is acrophobia.
I've always been interested in how and why a certain fear or phobia gets a hold on you as I can with dead certainty identify the exact instant that I went from a kid who would climb anything to a guy who ain't climbing nothing much bigger that your average sized horse.
16 hands is about my limit and I ain't tellin'.
Anyway, someone (apologies) sent us this vid long enough ago that it only had fifteen or twenty thousand hits.
It now has some two million four hundred thousand views.
It has taken me that long to watch the thing all the way through.
Feel free to laugh.
Anyway again, thanks to Thunder at Touch the Banner my favorite site for all things Michigan Football, who posted a series of stills on this climb last night which was what caused me to give the vid another try again this morning.
This is just flat stupid as far as I'm concerned, but then again I'm closing in on 60 and still riding colts.
We're back to practicing avoidance around here for a while as the stuff we've been grinding on is just too depressing to work at posting.
Besides, as we are in the midst of almost nightly arguments over just what exactly it is that's going on out there and just what exactly do it mean, we have no thinking worth posting right now anyway.
Besides again, I just took on a second project which is beating the crap out of my not nearly as spry as it used to be body, the result being that I've been coming home, pounding the Advil and sucking on a bottle of Merlo in front of the fire rather than sitting in my office and reading crap that makes me crabby.
I'm starting to think that this may well be a superior approach to life.
The first two vids were shot from the International Space Station, the third from the ground.
Earth can be a beautiful place when the idiots aren't busy screwing things up.