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Governments cause inflation ? Not !

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Olde Reb

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Mr. Hornberger chides the citizens of Argentina who fall for the government propaganda that businesses are responsible for inflation because they raise the price of goods and services in his recent article.  He then slams their schools for not educating the people.

Perhaps Mr. Hornberger should review the economic chaos of the United States and Europe and questionnew one whether it is the government or financial institutes that cause—and profit from—inflation. “Bought off” and corrupted are terms that come to mind to identify the cause from the implementer..

The methodology by which the Federal Reserve Board of Governors conceals $4 billion daily from the auction accounts of Treasury securities that are exclusively handled by the FRBNY—the accounts have never been audited or reported to Congress as required by law—has been documented. Ref. FEDERAL RESERVE HEIST. The lengthy mathematical analysis of the Fed’s Ponzi scheme that dates from Rothschild’s “loaning” to rulers of centuries past to reveal the inherent national bankruptcy of their scheme is available. Ref. RIP OFF BY THE FEDERAL RESERVE.

The use of that money to fund the New World Order using the World Bank and International Monetary Fund has been theorized. Ref. FUNDING THE NEW WORLD ORDER. The embezzlement of the Treasury auction funds by the FRBNY and FRBOG has been brought to the attention of the United States government. Ref. AMENDED COMPLAINT—WHISTLEBLOWER SUIT.

The “end goal” of the cabal has been stated in internal memos to be the collection of the $17 trillion National Debt of the United States.  Greece and Cyprus are but two available examples of their collection methods.

And still Mr. Hornberger is unaware of the future tragedy and demise of the U.S. while he belittles the economic knowledge of the Argentina people.    The academic centers of the U.S. {that must groom economists for future employment with the largest employer of economists–the Fed and the banks—and who also receive largess from them} have done a great job in hiding the perfidy of the Fed.

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Ref. http://fff.org/2014/03/18/the-governments-inflation-scam/

All articles available at www.scribd.com/oldereb.

Them against us: 545 vs. 300,000,000 People

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Charley Reese’s Final column!

A very interesting column. COMPLETELY NEUTRAL.
Be sure to Read the Poem at the end..

Charley Reese’s final column for the Orlando Sentinel… He has been a journalist for 49 years. More

Happy Days Are Here Again?

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new-logo25Dan Martin

PPJ Staff Writer

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“Dow hits record high as markets are undaunted by tepid economic growth, political gridlock” (The Washington Post, March 5, 2013)

This is just an example of the headlines appearing in virtually every newspaper and on every newscast in001-1008100157-economy5 the country.

Feel better now?

Well, I hate to burst your bubble (that’s one of those highly technical economic terms bandied about by the talking heads), but let’s take a closer look at the numbers.

The common thread here is that all of these headlines trumpet a mindset that is pure horse (manure). (Editor’s note: The writer actually used a stronger epithet and, while we do not pretend to be rated G, there is always the outside chance the PPJG will be left lying about where a nine-year-old might find it.)

Anyone who respects the ‘time value of money’, also known as ‘inflation / deflation’, is conditioned to immediately suspect comparisons of dollar amounts between different time frames, and treat them with a huge dollop of skepticism.

THE REAL NUMBERS

The closing numbers for today (March 5, 2013) were $14,253.77 for the Dow and $3,224.13 for the NASDAQ.

The average annual inflation rate from 2000 to 2013 is 2.24%. The rate from 2007 to 2013 is 1.945% (see InflationData.com.)

Adjusted for inflation, the Dow Jones Industrial Average (DJIA) is $1,479.47, or 9.403% short of its all time high of $14,164.53 on October 9, 2007 ($15,733.24 in today’s dollar.)

The NASDAQ is even more woefully behind its March 10, 2000, record close of $5,048.62; ($6,751.24 after adjusting for inflation.) That would be $3,527.11 – short 52.244%.

WHAT DOES IT ALL MEAN!

Inflation is a basic characteristic of our economy. Those who wield some influence over these things strive to maintain the inflation rate between 0.5 and 1.5 percent as measured by the price index for personal consumption expenditures (the PCE price index).

Deflation is considered a problem in a modern economy because of the potential of a deflationary spiral and its association with the Great Depression.

The fact of inflation must be taken into account whenever and for whatever reason we are comparing the cost of things between two different time periods.

Obviously, we have a way to go.

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Dan Martin: procentral@mainstreetcom.com A semi-retired estate planner and tax preparer, determined to help people understand how numbers affect every day of their lives. Comments, questions, or clarifications are welcomed.

FEDERAL RESERVE HIDES PROFITS FROM INFLATION

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 “Olde Reb”/ PPJ contributor

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Last year $8.4 trillion was handled by the FRBNY from the auctions.. There is NO information available as to how it was dispersed.”

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The headlines screamed that we needed to increase the National Debt to prevent an economic collapse.  Wait a minute. Is that the whole story?

Much is said of how the increase of the National Debt ceiling is inflationary, and it surely is. But the gain by the United States government is only temporary.  The real profit goes to the Federal Reserve and Wall Street but that profit is hidden from Congress and the public.

There are two conceivable ways the National Debt can be financed.  The manner projected in the mass media and by government is that the government borrows from the public. If this was the entirety of borrowing, there would be no inflation. The Fed could handle the transactions as a broker and receive commissions.  The money transfer is the same as the payment of taxes but the government would promise to pay interest on the funds. Inflation by this method of financing is not possible. More

RIP-OFF BY THE FEDERAL RESERVE: How they stole it all!

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“Olde Reb”  (c)copyright 2011 All Rights Reserved

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The $8.4 trillion in income does not reveal itself in the ANNUAL REPORT TO CONGRESS; Ref. Tables 10 and 11, pages 454 to 462 REPORT for 2009. Id.  (Auctions are not Open Market transactions. Securities that are not sold are assigned to SOMC.) This appears to be $8.4 trillion that is concealed from Congress and the public.

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Revised 3/14/2011

PREFACE:   This mathematical analysis shows how:

1.  The present practice in the U.S. of creating book-entry money via T-securities (deficit spending) in the amount of the principal of the security, with a promise to repay the principal PLUS the interest, is impossible.  The interest is never created; the debt is perpetual and must continually be increased or the economy will collapse from de-leveraging;

2. All other fiscal obligations of the nation must be curtailed while the growth in debt will escalate.  The exponential growth of the interest and snow-balling debt will increase until the entire wealth of the nation, and of future generations, is inadequate to fund it;

3.  ALL money created by Treasury securities goes into the pocket of the Fed ($8.4 trillion for 2010). Not only does the Fed receive the interest (if not sold), but also the value of the security upon maturity (or by sale). Congress has temporary benefit of $1.4 trillion deficit money (until maturity) during 2010;

4.  The operation is, as in any Ponzi scheme, predestined for inherent national bankruptcy when buyers to roll over the debt cannot be found. As the scheme becomes visibly precarious, the interest rate will sky-rocket and accelerate the collapse.
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The Federal Reserve uses euphemistic smoke and mirrors to obscure their scam. With full knowledge the following is not the way the Fed/government describes the system, allow me to offer a different analysis of their operation.

Congress can pay for federal expenses with funds collected from taxes, but Congress is never satisfied with this amount. The desire to buy votes/campaign contributions from special interest groups induces congress-critters to spend more, and this is identified as deficit spending. To create this make-believe money requires the assistance of the Federal Reserve.

Congress will give the Fed a T-security (bill, bond, or note) and the Fed will accept the document as an asset of one of the twelve FR Banks. The Fed will then establish a line of credit for the U.S. government (a book entry)  in the same amount and list the liability as Federal Reserve Notes.  Voila !!  Fiat money has just been created for Congress to spend.  Ref:  2009 Annual Report to Congress by the Board of Governors,  page 448. http://www.federalreserve.gov/boarddocs/rptcongress/annual09/pdf/ar09.pdf  The accumulated securities that are not redeemed add up to the national debt. More

Why The Numbers Matter

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Dan martin (c)copyright 2011

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Let me see if I have this right. Although only 103,000 new jobs were generated in December, the unemployment rate is down because a large number of people have simply thrown their hands in the air and given up trying to find employment.

According to the grand pooh-bahs at the Bureau of Labor Statistics in the District of Criminals (D.C.), the unemployment rate fell to 9.4%

And, the whole construct will likely be “seasonally adjusted” in a few weeks. More

THE FEDERAL RESERVE IS A CRIMINAL ENTERPRISE: ITS TIME TO INVESTIGATE AND PROSECUTE THEM

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 John Wallace

LIVE LINK:  Liberty News Online

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The Federal Reserve recently announced that it would be repeating their previous con-game trick called “Quantitative Easing” that they say is designed to save the American economy. “Quantitive Easing” is a process by which the Federal Reserve and the U.S. Treasury conspire to print a massive amount of new “fiat money” backed by absolutely nothing in order for the Federal Reserve to buy American government debt. In other words, they are using phoney money to buy back their own debt. Don’t you wish you could pay off your debts, just by printing your own dollars backed up by absolutely nothing? Please tell me how this move by the Federal Reserve helps the American people? More

Then and Now, The Difference in American Leadership

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 J.Speer-Williams  (c)copyright 2010 All Rights Reserved

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Thar’s Money in That Old Quilt:

Then and Now, The Difference in American Leadership

Among Clinton’s worse crimes against humanity, was perhaps not his alive-incineration of children at Waco, Texas; but, his repeal of the Glass-Steagall Act, and the passage of the Commodity Futures Modernization Act, which has led to millions of starving people around the world More

The shearing is nearing: The international bankers have taken most of everything

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Op-Ed: James P. Harvey

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Over the last one hundred and fifty years, the international bankers have only failed to do one thing, and that’s cover their tracks. The evidence of their covert control of nations is scattered all over the world, and now, they openly brag about it.

While they systematically gained control of nation’s governments through their manipulative currency and commodity control, then wars and inflation, we watched like a sheep about to be sheared, or a cow to be milked. Soon you will see people stand hypnotized like a rodent about to be struck by a cobra.

In the interim, the people keep on voting the scumbag politicians into positions of power, and they keep on passing laws that rob us of our freedom, property, and future.

So keep on voting for your favorite savior to do the bidding of their masters, and keep on hating and cursing the other party members. You deserve everything you’re going to get, and I’ll be writing about the great rodents roast.

The bankers must surely have found some way to protect their ribs from breaking, due to their uncontrollable laughter. I can just picture them in my mind, rolling on the floor, screaming with glee.

James P. Harvey

#2: The US should pull out of Washington D.C.

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Things to Ponder

Conclusion:  A friend observed that at least they are trying to buy us  dinner first…..more than 20 million families now on food stamps.

Not Quite Two-Thirds of the Way There

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Depending on whether you want to believe the WSJ News Alert at 3:00 PM today or CNNMoney.com, the Dow Jones Industrial Average closed today at $10,018.58 or at $10,015.86.

Nickels and Dimes.

The real news stems from this statement in the WSJ Alert: “The 10000 level on the Dow is still 29.4% below its record close of 14164.53 hit on Oct. 9, 2007.” It never ceases to amaze me that our money mavens can ignore the Time Value of Money any time it suits their purposes.

Comparing apples to apples, here are the real numbers. The current value of $14,164.53 adjusted for the current inflation rate of 3.58% (you could look it up) is $15,222.49, making the difference between today’s close and the all-time high (adjusted for inflation) $5,206.63.

This is 34.204 percent short of the all-time high. To put that in perspective, the difference between 29.4% and 34.204% times a median annual income of $58,000 comes to $2,786.32.

Remember this EVERY time you read ANYTHING about the economy, especially if the government has released it. If it does not take into account the Time Value of Money, it is not worth the paper or the bandwidth it is written on.

(c) 2009 Dan Martin

An accountant’s breath of fresh air: REAL numbers

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Let’s take a look at how the economic recovery is coming along.

If you are tired of the blather from the talking heads and the mainstream press, here are the real numbers, adjusted for inflation.

The Dow Jones Industrial Average record all-time high was $11,722.98 on January 14, 2000.

The NASDAQ hit its all-time high point on March 10th, 2000 at $5,132.52.

On March 5th, 2009 (today) the DJIA closed at $6,594.44.

When markets closed today, the NASDAQ was at $1,299.59.

Comparing 2009 apples to 2000 oranges, the Dow is down $5,128.54 (43.748%), and the NASDAQ is off $3,832.93 (74.679%).

(You do not want to know how far off the mark the “recovery” is in 2009 dollars – ‘apples to apples’.)

Oh, okay, these are the numbers adjusted for inflation. The DJIA is off $10,108.35, or 60.519%. The NASDAQ is short $5.969.87, or 82.123%.

If and when the Dow hits the magical $12,000 mark, it will be only about 29% short of the January 14, 2000 mark.

My confidence in the various “stimulus” packages would improve if they would report the actual numbers, adjusted for the time value of money.

A Look At The Real Numbers

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A critical element that has been roundly ignored in all the rhetoric of the past two weeks is an appreciation for the Time Value Of Money.

 

Our present and would-be political leaders, the news media, and most of the rest of us share this void in our understanding.

 

Some are not aware and have only their pathetic educations to blame:

 

“The fundamentals of our economy are sound.”  They’re not!

 

Others are fully aware, and keep this knowledge to themselves, using it to their own advantage:

 

“The markets will recover in three to four years.”  Not likely!

 

What we are talking about here is familiar to any adult.  The older you are, the more examples you can cite from your own experience.  Here are two of mine.

 

In the spring of 1973, groceries for my family of six, including four children from age 9 to 3, came from three sources.  Milk was delivered twice a week (remember the good old days), meat was purchased monthly from a Mom and Pop butcher shop, and the rest were bought, also monthly, at a large, no-frills, grocery outlet.  $55 was spent every month at the grocery outlet.  A babysitter was hired, because if we took the children along there was not enough room in our full sized sedan for all the groceries.  In today’s dollars, that $55 would be $282.07.

 

The year I was born, my Father, who’d spent his teen years bartering his way through the Great Depression, landed one of the best jobs available at the time:  an appointment at the Post Office.  His rate of pay was 65 cents per hour.  In today’s dollars, that would be $10.42 per hour.

 

Think about that the next time you read that the Model T Ford sold for a paltry $300, ($5,045).  The men on the assembly line were paid an annual salary of around $1,485, ($24,971).

 

Back to the future.  Yesterday, the Dow Jones indicator closed at 8,579.19.  The high water mark for this indicator was reached on January 14, 2000, at 11,722.98.  That would be 14,928.57 in today’s numbers.  That is 42.532% short of the all-time high.  That is 6,349.38 points that would need to be restored TODAY to achieve the same level as January of 2000.

 

Those are the REAL numbers.

Bailout Scare Tactics….lies and more lies

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The Big Lie is promoting the Big Scare.

 

There is not going to be any Depression. What there will be if this trillion dollar bailout is massive inflation caused by the government paying this bailout by printing money.

 

These obligations are owned by private companies, they should stay there, the companies can go bankrupt or not, but they can be liquidated at whatever the market value is.  The loss will fall on the private companies, their shareholders and their bond holders, not on the American people.

 

If you have the number of your Congressman or Senator, give him or her a call. This is welfare for the rich.

 

Paul Streitz

http://www.ctimmigration.com/

amfirst@optonline.net

 

The Great Oil Scam

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I could have seen this one coming a mile off.  Maybe even further.  CHINA is collaborating with CUBA (gasp!!) to drill for oil in OUR Gulf of Mexico.  Only where they are supposedly going to drill is within the 50 miles of territorial waters that belong to Cuba, not the U.S.   And no one mentioned that the plans for drilling are years away not only in implementation, but even more so in production. 

But you’re scared now, right?  Now you’re mad as hell at those enviromentalist that have been blocking the drilling for oil in the gulf, ANWAR, Colorado, Utah, Montana, and Wyoming.  Gosh.  You are so easily duped.

Even if the ANWAR fields were to begin construction today, it would take ten years to see any production from those fields and there is an estimated one years worth of oil there.  Of course we tax payers would have to subsidize all that construction and drilling, and the Fed would have to give oil cartels billions more in tax breaks. 

There are currently 60 million acres owned by oil producers within the US, known to have vast oil reserves under them.  That’s 60 million acres that could have been under construction and well on their way to refinery.  Of course most of what is owned in Montana and Wyoming is owned at least in part, if not fully, by VP Cheney under one of the multiple corporations he uses to conduct his rape and pillage of the US economy. Of course, this would take another ten years minimally to begin producing.

OPEC has been bounced around as the reason for high oil prices too.  Only OPEC has not increased their prices; only kept their production at the current rate and refused to increase the amount of oil they put on the market at any one time.  That’s just good business.  All you free-trader’s who think unregulated trade is such a good deal can at least appreciate the supply and demand aspect of this.  And keep in mind, if it was Mobil/Exxon that was refusing to increase supply so that the price remained steady you would think that was just great.

There is another aspect to this that is more subtle, and most likely more lethal.  By creating an oil shortage and allowing the price of a barrel to exceed its actual real value, many Americans might rethink their opposition to the Iraq war in favor of lower gas prices which could be expected if we just admitted we were there to steal their oil and went ahead and razed the entire country and openly took it over, dispensing with the puppet government we installed.  At a possible $5.00 per gallon of gas…….how many of us would be screaming for war with Iran?  After all, they have some of the largest known oil deposits in the world. 

With oil cartels reporting the largest profits in history of any corporation ever known there is no reason that we have to continue subsidizing them with billions of taxpayer dollars or why they should be receiving billions in tax credits.  In fact, these corporations should be penalized for failing and refusing to build refineries over the last twenty years. 

The current gas prices cannot, and will not be solved by drilling in the Gulf, ANWAR or anywhere else for that matter.  Not drilling in these places has not caused the current hike in gas prices.  Beginning drilling construction in these areas now will not ease the current squeeze on American consumers, and it won’t for many years to come. 

Like the building food crisis and shortage, the oil crisis has been carefully staged.  None of this is accidental and the intent is not to reduce gas prices or to make oil more readily available.  The intent is to collapse the economy of the US. 

We have already seen the collpase of our housing markets.  We are preparing for a created food crisis we are told is coming if not already here. Legislation is pending to take control of our water rights and supplies so that they can be privatized and now we have an energy crisis. 

Housing, food, water and energy.   Basically the foundations of our lives are under assault from within our own country.  All these planned shortages, prices hikes, rigged markets, mortgage frauds, water theft, food shortages and inflated gas prices have been carefully planned and implemented to make us more readily accepting of the North American Union and the New World Order. 

There are those in our government and those behind the scenes who will stop at nothing until they have devastated this country from coast to coast, border to border, and then some.  We are being crushed and destroyed not by terrorists from “over there”, but from those within our own borders who have neither allegiance nor loyalty to the US and Who could care less what we endure.

To correct the current created crisis i would suggest these things:

1. Repeal all tax breaks and subsidies for all oil cartels.

2. Institute a Windfall Profits Tax to prevent oil cartels from artificially inflating the market.

3. Fine and penalize oil cartels that seem to be able to plan for future shortages but have failed to construct, build or maintain adequate refineries, or to drill oil deposits they already have access to.

4.  Cap the price per gallon of gas. 

Now I know these suggestions just lit the fires under the “free-traders”.  At some point you have to conclude that free trade is not the same as fair trade in a free market.  Without regulation, without oversight, free trade is devastating our economy and killing off our country.  As gas prices rise, as corporate profits rise even higher our economy will come to a grinding halt.  Exactly what is intended.

Ask yourself what good a free market without fair trade regulations is to you if you can no longer support yourself or your family because the cost of just living has risen so high?  At some point we have to conclude that remaining viable is far more important than becoming subservient. 

Marti Oakley (c)2008

 

 

 

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