Posted by
rycK on Friday, April 03, 2009 11:12:08 AM
Prepare for Massive
Inflation: Europe is Ready to Set up a New Currency.
Politicians are always more hungry than
thoughtful as they craft new and wonderful ways for them to acquire your wealth
and ‘redistribute’ it to themselves, their friends and ‘the poor.’ Generally,
the vote, when it is worth something,
and most times it is not, prevents them from a wholesale sacking party with the
world’s money boxes. The excuse here is that the wealth is maldistributed so
that some politicos need to get into the records and spread the wealth around
or fix things so everybody has some ‘skin in the game.’ Equality must be
attained so that justice is served. How has this worked since 1917?
It
matters not a whit of a whit or a nit of the pick whether the outcome of this
crass theft of loot works out according to any reasonable predictions by the
looters. The designers can always point to the existing ‘poor’ as the necessary
basis to continue on with their follies even though many of these people were
victims of insane, stupid and vicious political schemes in the first instance. We
can see the elegant results of ‘land reform’ and ‘state ownership’ and
‘collectivation’ from 74 years of Marxism in Russia. They finally collapsed in a
whirlwind of inflation and criminals took over leadership and the remaining
state wealth. The criminals are still in charge.
In the
current pathetic world financial state, we are now hearing about Anglo-Saxon regulation. The implication is clear: the some
350 year histories of world trade and economics derived from the
English-speaking peoples must come t o an end. What has Mexico done since 1492? This is racism or
bigotry by any standards, but Obama, while a mulatto, never emphasizes his
inferior white half and always pretends to be black and so do his admirers. He is seen in Europe and much of Asia as being of non Anglo-Saxon mentality and outlook. Thus, those who are in financial trouble reviewed the origin of
the problems of the world and suddenly realized that the problems were caused
by people who were not like themselves. It must be time for a ‘change.’ Jeremiah Wright
certainly has some non-white thoughts to ponder and Obama was his student for
20 years.
Cognitive Skill Factors:
Much of this
testy history evolves from the relative cognitive skill levels of the
participants. If we look at regions
where IQs average 100 or slightly above [most of China, all of Japan, parts of India, the US except in urban areas, England and most of Europe] we find economic success and
prosperity. The contrasting picture from places where IQs average in the 80s
[or even lower], as in certain parts of the US in cities, most of Africa,
nearly all of South America and most of Asia is not soothing. Places like Africa are not only severely limited by the
lack of cognitive assets, but are confounded by tribalism or its equivalent and
political indoctrination by the Marxists. There is no more sure way to ensure
that a given country will fail in all social metrics than to select a place
where the peoples are not too bright and then to impose both tribalism and
Marxism upon the masses. The same theory applies for tribalism and Islam. Just
look about anywhere in Africa or the Middle East for this proof. For additional proof, we need only inspect the
ghettos in Europe, mostly in France, Germany and England, where minorities collect to enjoy
welfare and unearned handouts and cannot seem to fit into the cultural and
economic structure of the local region. Such failure leads to riots and burning
as many as 500 cars per night in Paris, a process that is directly related
to cultural differences compounded by obtuse religious notions and lower
cognitive skills.
This brings us to the ‘solution’ to the problem:
“A single clause in Point 19 of the communiqué issued by the G20
leaders amounts to revolution in the global financial order.
"We have agreed to support a general SDR allocation which
will inject $250bn (£170bn) into the world economy and increase global
liquidity," it said. SDRs are Special Drawing Rights, a synthetic paper currency
issued by the International Monetary Fund that has lain dormant for half a
century. ”--
The G20 moves the world a step closer to a global currency by
Ambrose Evans-Pritchard 03 Apr 2009 [Emphasis is mine in
all quotes. This link references all
quotes in this essay unless otherwise noted.]
The
exciting part must be revealed when we learn who would fund these SDRs, who would authorize drawing upon these funds and who would get the loot. We all
know who would fund this
mess. Think about the world voter base
and how many would automatically vote against the Anglo-Saxon mentality that caused this problem.
Would a billion Muslims tend to vote in a block?
“In effect, the G20 leaders have activated the IMF's power to create money and begin global "quantitative easing". In doing so,
they are putting a de facto world currency into play. It is outside the control
of any sovereign body. Conspiracy theorists will love it.”-- Ambrose Evans-Pritchard 03
Apr 2009.
If only California and New York and New Jersey could print their own money! What
prosperity we would have! What social splendor! Well, CA did print IOUs for a while in lieu of
tax returns. Let us not forget that.
Many third world countries have a
massive stake in this:
“There is now a world currency in waiting. In time, SDRs are
likely to evolve into a parking place
for the foreign holdings of central banks, led by the People's Bank of China. Beijing's moves this week to offer $95bn in yuan currency swaps to
developing economies show how fast China aims to break dollar dependence.”-- Ambrose Evans-Pritchard 03
Apr 2009.
“Hedge funds deemed "systemically important" will come
under draconian restraints. How this is enforced will determine whether Mayfair's hedge-fund industry – 80pc of all European funds are there –
will continue to flourish.”-- Ambrose Evans-Pritchard 03 Apr 2009.
Hiding money from oppressive
taxes:
So tax
havens will flourish under this scheme. Thus, Switzerland, the Caymans, Lichtenstein and
other dirty money enclaves will have to make some tough decisions. Hedge funds will migrate to other places from London. Have they forgotten that we now
have a global economy? This will also create new sites for such money
laundering and the drug cartels will provide the cash and protection to create
new secret banks with their massive profits. Since the Islamic world does not
believe in charging interest, it would only make sense that they join in with,
say, Mexico’s drug cartels to set up banks
around the world that can directly hide drug monies and also fund terrorism.
All this may be, following the theme, conducted in a proper anti-Anglo-Saxon methodology.
Some famous non-Anglo-Saxon personalities and their
histories:
Since the French
and Germans and Chinese are in some kind of agreement here, we might wonder
about a few notable ‘leaders’ in those Anglo-Saxon
free countries
from the past like Marat of the French
Revolution, Napoleon, Marshall Pétain, Hitler, Stalin, World War 1, 2 and other
follies. How did these guys work out? Was there peace and prosperity? Maybe Paris can become the center of the
world’s culture as it was, briefly, in 1900.
The Future:
But, the best
part will be when the US dollar is dumped as the key reserve currency in the
world and the IMF starts to print money on its own subject to the whims and
proclivities of the non Anglo-Saxon world. Trading in currencies might be
just as exciting as equities in the future. We will witness new and
electrifying versions of taxation and inflation. I wonder if we can short the
IMF SDRs??
Exciting financial times are ahead. Buy Gold.
rycK
Comments:
ryckki@gmail.com