Equity futures gapped down on the open yesterday and are still down a triple-digit amount as no “deal” has yet to be made on the debt limit. The dollar continues to sink while the Japanese Yen is in dangerous territory, oil is falling, yet gold has shot to another all-time high proving yet again that it’s a monetary root problem, silver is also higher, while most food commodities continue to choke real, living people with fake markets and fake money.
The threat’s been made – “economic Armageddon” will happen unless _______ party agrees to our (central banker box) solution. So, what happens if the threat’s been made but reality turns out different? Do the clowns and barkers wind up in prison? Out of office? Or do we continue to accept their inane manipulation into our economy and lives? Certainly if you were to make threats about their living you would wind up in prison in an instant.
The truth is that the national debt is a total embarrassment… not just because there’s so much of it, but because there should never be ANY of it in the first place! Why would the government of a collective people agree to pay private bankers interest in exchange for “borrowing money” that never existed in the first place? In other words, why would a sovereign government give a few private individuals the right to produce the nation’s money and charge it interest? These are the real questions that must be asked, not arguing about left/right or who’s giving up what! The only people who should be giving up anything is the private banks – and that would be the right to produce money at their will.
A key demarcation point was reached when Obama was elected President and he came out “focused on the future,” stating that “we all need to put our past behind us.” While that optimistic speak has a nice sounding façade, it was code for the rule of law will not be enforced and those who are robbing Americans not only will not go to prison for their crimes, but they will be allowed to continue to commit crimes (because they finance his election and he would not be there without it).
Make no mistake, the debt ceiling debate is meant to distract you… while the impossible math is clearly evident, raising the debt limit certainly is no solution to anything. Even if you fall into the central banker box of lies and deceit, common sense dictates that capping the debt is more beneficial for one’s credit than is unlimited ability to spend – thus the opposite of the threats is true. And as has been completely proven now over and over, we are macro-economically debt saturated and thus adding more debt will only result in further drag on the economy and higher structural unemployment.
No, what needs to happen is a complete revamp of our monetary system and WHO it is that is in control of producing our nation’s money. Below Bill Still advocates just such an on target solution, however, my caution, as it’s always been, is that while we must take back the power of money creation we must do so carefully with controls in place to limit the amount of money that gets produced – that is entirely possible as I spelled out in Freedom’s Vision. Also, the current debt must be cleared for prosperity to take root – again, Freedom’s Vision spells out just one method of how to accomplish that. Here’s Bill Still on point as usual:
This morning the Chicago “Fed’s” National Activity Index plummeted once again and prior readings were revised drastically lower… again. The prior month’s report was -.19, but it was revised downward to -.55, and thus the current report of -.46 could be headlined to read like it is an “improvement,” a favorite trick of the mainstream complicit pumpers. The 3 month moving average tanked to -.60, here’s Econononsense:
Growth in national business activity is below historical trend based on the Chicago Fed's index which comes in at minus 0.46 in June vs a downwardly revised minus 0.55 in May. At minus 0.60, the three-month average is at its lowest level since October 2009. The three-month average in May is revised lower to minus 0.31. Weakness in personal consumption & housing is weighing most heavily on the index followed by employment. Production & income is also a negative with sales, orders & inventories the only plus.
Of course any data from the “Fed” is suspect – period.
So, what will it be? Raise the limit, or not raise the limit? Does it matter? Are you tired of being manipulated yet? Are you tired of being threatened yet?
You know, my new mantra is simply to deny these criminals anything – no respect, no participation in their crimes, no money to fuel their Ponzi. Who to vote for in 2012? Who gives a rip as long as the central banks are financing both sides to create their central banker box? So, no vote from me, no money from me, just let me know when the people are ready to take back the power that is rightfully theirs.
You know all the bizarre violence over the weekend has got to leave you wondering… I believe the root of all that too is the impossible math and the pressure it creates on society. It is corrosive, it is the underlying cause of the decay in society’s moral fabric. This is why it’s very important not to feed this paradigm.