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Stonehenge
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Re: Hillary 'Turns Over' E-mail Server and Thumbnail drive to FBI [Re: KauaiOrca]
#22441294 - 10/27/15 06:06 PM (8 years, 3 months ago) |
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If unsustainable debt is just a slogan, what happens if a large percentage of treasury holders decide to cash in? We don't have the money, the only way to pay is to create more qe. Or default and I think you will agree that is worse.
China, Russia, and other countries are cashing in treasuries more and more lately as their own economies weaken. This is not just a theoretical possibility, it could happen at any time. A financial collapse could happen at any time and as our debt grows, it becomes more and more likely.
Sure we have a decent economy, that could change rapidly. We have natural resources, not as many as some countries but a lot. We have a work force but our industry is slowing moving overseas. Why don't you think that is an ominous trend? We are coasting along now on our reputation and a little run on the treasury could weaken that pronto.
-------------------- “A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the public treasury with the result that a democracy always collapses over loose fiscal policy, always followed by a dictatorship.” (attributed to Alexis de Tocqueville political philosopher Circa 1835) Trade list http://www.shroomery.org/forums/showflat.php/Number/18047755
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Bigbadwooof
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Re: Hillary 'Turns Over' E-mail Server and Thumbnail drive to FBI [Re: KauaiOrca]
#22441297 - 10/27/15 06:07 PM (8 years, 3 months ago) |
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I think some want a collapse because of the stranglehold that the rich and powerful have on our government through the current system. The only way many can imagine a change arising is via collapse. I think that sort of collapse would be a division of the states, rather than an economic collapse.
However, the unsustainable trend of ever increasing wealth and income disparity is surely a reason to fear collapse. The use of Quantitative easing is is another. How about he student loan bubble that is replacing the housing bubble which already gave our economy a monumental blow. If we take one more hit like the housing bubble in the near future our economy could very well fail. We already know what that is likely to be also. Student debt.
You have a surprising level of faith in our economy. I suppose you would have to, as you have a lot to lose.
-------------------- "It is no measure of good health to be well adjusted to a profoundly sick society," - Jiddu Krishnamurti FARTS "There is no need for conspiracy where interests converge" - George Carlin Every one of you should see this video. "If you bombard the earth with photons for a while, it can emit a roadster" - Andrej Kerpathy
 
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KauaiOrca
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Re: Hillary 'Turns Over' E-mail Server and Thumbnail drive to FBI [Re: Stonehenge]
#22441392 - 10/27/15 06:29 PM (8 years, 3 months ago) |
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Quote:
Stonehenge said: If unsustainable debt is just a slogan, what happens if a large percentage of treasury holders decide to cash in? We don't have the money, the only way to pay is to create more qe. Or default and I think you will agree that is worse.
China, Russia, and other countries are cashing in treasuries more and more lately as their own economies weaken. This is not just a theoretical possibility, it could happen at any time. A financial collapse could happen at any time and as our debt grows, it becomes more and more likely.
Sure we have a decent economy, that could change rapidly. We have natural resources, not as many as some countries but a lot. We have a work force but our industry is slowing moving overseas. Why don't you think that is an ominous trend? We are coasting along now on our reputation and a little run on the treasury could weaken that pronto.
Obviously, debt matters. Do we have an imminent threat of collapse? IMHO, no. OK, let's think this through. So, let's just say China and Russia decide to sell all their US treasuries ... which they can ... are there buyers out there? Of course. Can massive selling reduce the value of those bonds? Of course ... so they lose money by dumping a huge number of bonds ... then, of course, they're now holding whatever they traded those bonds for, probably dollars or they trade the dollars for something else. They gotta put that money somewhere, right? But where? What is safer than US Treasuries that is liquid enough to absorb all their need? It's not really that simple. In addition, why would China want to injure the US economy? It would be like shooting yourself in the foot. Why did they buy all those US Treasuries in the first place? THINK!!!!!
If worse came to worse, the Federal Reserve could buy all those bonds and just hold them on their balance sheet ... indefinitely if they wanted to.
Russia's economy is MUCH MORE fragile than ours is and China has problems you can't even imagine with an emerging, free thinking middle class and environmental issues that make the US in the 1970's look like the Garden of Eden. We're way our front. And yes, we have a lot of debt and it's a problem. It's not an imminent threat however because Japan and Europe have the same problems and worse. There will be a global debt reset ... it's coming ... and it won't be the end of the world.
-------------------- "The universe is endless, limitless and infinite. Any effort to define it's boundaries is an attempt to overcome ignorance. We are physical, mental and spiritual beings ... there is no beginning and there is no end. There is only memory. Our repeated loss of memory experiences create the illusion of beginnings and ends. Immortality is the ability to retain full memory through all consciousness transformations. Loss of memory is man's greatest curse and, in very real terms, death." -- Ancient Taoist Master
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Stonehenge
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Re: Hillary 'Turns Over' E-mail Server and Thumbnail drive to FBI [Re: KauaiOrca]
#22441627 - 10/27/15 07:12 PM (8 years, 3 months ago) |
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You do have a point about where will they put the money. That is the main thing propping up the dollar at this stage, besides the unsinkable reputation. They will put the money into their own economy, spend it as it were.
>If worse came to worse, the Federal Reserve could buy all those bonds and just hold them on their balance sheet ... indefinitely if they wanted to.
And they buy them with what? QE, that's what you are talking about. The treasury does not have a big slush fund of cash to draw on. Some but not that much.
>are there buyers out there?
There are still some buyers but major buyers like china are now sellers, also Saudi Arabia which has been hit hard by the oil price decline, and others too. We can cover some, and have been juggling things so far but if there is any serious run on treasuries we have to go qe and that will reduce confidence even more.
What is the alternative? The yuan? bitcoin? gold and silver? If your money lost value almost every day and you see gold and silver rising constantly, what would you do with excess cash? Putting in the bank means you are vulnerable to a bail in, those are coming, don't kid yourself. You are also vulnerable to inflation which has been mysteriously low, mainly due to a collapse in demand for raw materials. That is not so good in the short run and deadly in the long run if it keeps on.
-------------------- “A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the public treasury with the result that a democracy always collapses over loose fiscal policy, always followed by a dictatorship.” (attributed to Alexis de Tocqueville political philosopher Circa 1835) Trade list http://www.shroomery.org/forums/showflat.php/Number/18047755
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amp244
Sporocarp Stretching


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Re: Hillary 'Turns Over' E-mail Server and Thumbnail drive to FBI [Re: KauaiOrca]
#22441629 - 10/27/15 07:12 PM (8 years, 3 months ago) |
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KauaiOrca said:
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Bigbadwooof said: I know many people are quite skeptical about how much gold we actually have. As I said though, if you're worried about a financial collapse, gold is a pretty safe bet. Precious metals in general are.
That kind of "worry" can generate a lot of irrational thinking and decisions. Underground bunkers filled with guns, ammo and military rations, for example. When people talk about a financial "collapse" I believe it's just the evolution of man's irrational attraction to apocalyptic thinking. When you ask them WHY a collapse and what would cause it, they never think it through and instead throw out slogans like "we have too much debt" or, "our government is not sustainable" or "China is going to overtake us."
In reality, there's not an economy on the planet anywhere near the US's strength, credibility, size, manufacturing importance and stability. Or military importance. Natural resources. Research universities. Important innovative companies. Arts, media ... The US is so far ahead it's not even funny.
And yet, I think, deep down, they WANT the US to fail. I hate dishonesty in government as much as the next guy and the deception, theft, graft, collusion is as disgusting to me as the next guy ... but I don't secretly hope for failure so some kid of US Phoenix can rise from the ashes.
I think the history of our planet is quite different from the narrative the sheep believe. This is why our government is not at all what it appears to be ... and it's been going on for a long, long time. And will continue. I"ve come to believe our mission on this planet is to grow and transcend the need to even be here ... not to "fix" the way our planet is administrated.
In an apocalyptic situation what good is gold? You certainly can't eat it, or use it for warmth. People hold gold in anticipation of a financial collapse, not a societal collapse.
If the American dollar loses its status as the reserve currency due to excessive debasing of its value, you can bet your sweet ass the whole ship is going down. That's why when people like Gadhafi and Sadam don't play ball, they end up being villainized and overthrown by force of arms. Foreign demand for the dollar is the only thing keeping it afloat. Are you familiar with the phrase, 'running it until the wheels fall off'? I think that applies in regards to U.S financial policy.
A global financial collapse would be the perfect time to issue a one world currency, or perhaps a universal American currency, much like the Euro. I honestly think the financial collapse is being orchestrated on purpose. These bankers are not as stupid as their track record shows them to have been. There is an ulterior motive in my opinion. A collapse would be a great chance to centralize control of a vast amount of resources, not to mention a great time to purchase and control vast amounts of U.S. infrastructure for next to nothing.
"If you believe that the world will continue to take our dollars no matter what our debt is, Americans shouldn't have to work anymore because we could just print all the money." - Dr. Ron Paul
-------------------- How to Convert a Normal 24-hour Light Timer into a Short Cycle Repeating Timer "Monopoly, besides, is a great enemy to good management, which can never be universally established but in consequence of that free and universal competition which forces everybody to have recourse in it for the sake of self-defense." -Adam Smith
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Stonehenge
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Re: Hillary 'Turns Over' E-mail Server and Thumbnail drive to FBI [Re: amp244]
#22441658 - 10/27/15 07:17 PM (8 years, 3 months ago) |
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You have good points, I've been saying much the same myself and the left wingers keep telling me the party can go on forever. But we know it can't
>In an apocalyptic situation what good is gold? You certainly can't eat it, or use it for warmth. People hold gold in anticipation of a financial collapse, not a societal collapse.
What good is fiat money in that situation? Maybe you can burn it for heat, lol. Gold and silver have been in demand for thousands of years that we know of. No fiat money has survived more than a couple centuries or so and most collapsed much much sooner. The dollar was backed by gold until the 40's so its only had about 70 years and has dropped in value by a lot.
I would hate to see a one world currency. It puts too much power in the hands of big bankers.
-------------------- “A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the public treasury with the result that a democracy always collapses over loose fiscal policy, always followed by a dictatorship.” (attributed to Alexis de Tocqueville political philosopher Circa 1835) Trade list http://www.shroomery.org/forums/showflat.php/Number/18047755
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KauaiOrca
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Re: Hillary 'Turns Over' E-mail Server and Thumbnail drive to FBI [Re: amp244]
#22441690 - 10/27/15 07:24 PM (8 years, 3 months ago) |
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Quote:
amp244 said:
A global financial collapse would be the perfect time to issue a one world currency, or perhaps a universal American currency, much like the Euro. I honestly think the financial collapse is being orchestrated on purpose. These bankers are not as stupid as their track record shows them to have been. There is an ulterior motive in my opinion. A collapse would be a great chance to centralize control of a vast amount of resources, not to mention a great time to purchase and control vast amounts of U.S. infrastructure for next to nothing.
"If you believe that the world will continue to take our dollars no matter what our debt is, Americans shouldn't have to work anymore because we could just print all the money." - Dr. Ron Paul
It is tempting to think that all of these global bankers have this very coordinated long term global strategy to engineer the human race in some pre thought out plan that they direct like the wizard of oz. Reality is different, however.
These banking groups more likely resemble a whole cast of COMPETING MAFIA FAMILIES ... at each other's throats ... not coordinated at all. They plot for power and advantage and they go up and down and up and down. They don't plan with one strategy ... they plot against one another. There may have been a time when the Templars or Rothschilds or Rockafellars had a higher degree of global control, but that time has passed. It is far more decentralized now. We live in a CHAOTIC era ... disruptive technology. Apple is the largest corporation in the world and they didn't even exist 40 years ago ...
Technology is where it's at ... banking families are on the sidelines ... watching ... clipping profits on transaction intersections, to be sure ... but they don't run the planet.
You are just buying into the latest iteration of apocalyptic thinking. This has been going on for 2,500 years ... don't fall for it. The apocalypse has been predicted since Roman times ... it never comes. It's delusion.
-------------------- "The universe is endless, limitless and infinite. Any effort to define it's boundaries is an attempt to overcome ignorance. We are physical, mental and spiritual beings ... there is no beginning and there is no end. There is only memory. Our repeated loss of memory experiences create the illusion of beginnings and ends. Immortality is the ability to retain full memory through all consciousness transformations. Loss of memory is man's greatest curse and, in very real terms, death." -- Ancient Taoist Master
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amp244
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Re: Hillary 'Turns Over' E-mail Server and Thumbnail drive to FBI [Re: KauaiOrca]
#22441745 - 10/27/15 07:35 PM (8 years, 3 months ago) |
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Quote:
KauaiOrca said:
Quote:
amp244 said:
A global financial collapse would be the perfect time to issue a one world currency, or perhaps a universal American currency, much like the Euro. I honestly think the financial collapse is being orchestrated on purpose. These bankers are not as stupid as their track record shows them to have been. There is an ulterior motive in my opinion. A collapse would be a great chance to centralize control of a vast amount of resources, not to mention a great time to purchase and control vast amounts of U.S. infrastructure for next to nothing.
"If you believe that the world will continue to take our dollars no matter what our debt is, Americans shouldn't have to work anymore because we could just print all the money." - Dr. Ron Paul
It is tempting to think that all of these global bankers have this very coordinated long term global strategy to engineer the human race in some pre thought out plan that they direct like the wizard of oz. Reality is different, however.
These banking groups more likely resemble a whole cast of COMPETING MAFIA FAMILIES ... at each other's throats ... not coordinated at all. They plot for power and advantage and they go up and down and up and down. They don't plan with one strategy ... they plot against one another. There may have been a time when the Templars or Rothschilds or Rockafellars had a higher degree of global control, but that time has passed. It is far more decentralized now. We live in a CHAOTIC era ... disruptive technology. Apple is the largest corporation in the world and they didn't even exist 40 years ago ...
Technology is where it's at ... banking families are on the sidelines ... watching ... clipping profits on transaction intersections, to be sure ... but they don't run the planet.
You are just buying into the latest iteration of apocalyptic thinking. This has been going on for 2,500 years ... don't fall for it. The apocalypse has been predicted since Roman times ... it never comes. It's delusion.
I just don't see anywhere on the timeline where these rothschilds lost all of their money and influence. Where exactly they relinquished their control over the central banks of Europe. I contend that this changing of the guard you are speaking of never took place, the players just moved further into the shadows. If it is irrefutable that they had extreme control over the banking industry and thus the governments of the past, as people like Churchill made quite clear, its hard for me to believe that it has magically changed.
With things like the European central bank I would contend that things have become much more centralized.
-------------------- How to Convert a Normal 24-hour Light Timer into a Short Cycle Repeating Timer "Monopoly, besides, is a great enemy to good management, which can never be universally established but in consequence of that free and universal competition which forces everybody to have recourse in it for the sake of self-defense." -Adam Smith
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KauaiOrca
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Re: Hillary 'Turns Over' E-mail Server and Thumbnail drive to FBI [Re: amp244]
#22441788 - 10/27/15 07:47 PM (8 years, 3 months ago) |
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Quote:
amp244 said:
I just don't see anywhere on the timeline where these rothschilds lost all of their money and influence. Where exactly they relinquished their control over the central banks of Europe. I contend that this changing of the guard you are speaking of never took place, the players just moved further into the shadows. If it is irrefutable that they had extreme control over the banking industry and thus the governments of the past, as people like Churchill made quite clear, its hard for me to believe that it has magically changed.
With things like the European central bank I would contend that things have become much more centralized.
The problem that banking "families" have ... and all legacy business groups have, is that super smart leaders are rare. And they grow old and die ... and then generation #2 takes over ... then #3 ... then #4 ... Take a look at Walmart to see what I mean. Sam was a genius ... but his kids that took control of all those shares aren't. And now, all kinds of companies (Amazon, Costco, Target, etc) chip away at Walmart as their legacy costs and image issues hold them back.
This same principle happens to big financial groups. Maybe daddy Rothschild was a genius ... but 5 generations later, they just don't have the kind of leadership they had ... most of the kids are into philanthropy and some corporate board somewhere runs it with hired managers that have very different interests than Daddy R did.
It is very, very difficult to maintain strategy from generation to generation. Now, if there is some kind of alien demonic presence on this planet that controls these banking families through some occult control of the incarnation process, then maybe you've got a point. That's a somewhat iffy proposition, however.
Central banks are run, for the most part, by technocrats, not some uber financial wizard edging for global control. The profits of the FED are, for the most part, turned over to the Treasury. The shares of many of the member banks are owned by retirement funds and hedge fund managers, not the Rothschilds and Rockafelars.
Some day, you will wake up and realize that apocalyptic thinking is delusion. Humans are chaotic creatures ... power shifts and changes.
-------------------- "The universe is endless, limitless and infinite. Any effort to define it's boundaries is an attempt to overcome ignorance. We are physical, mental and spiritual beings ... there is no beginning and there is no end. There is only memory. Our repeated loss of memory experiences create the illusion of beginnings and ends. Immortality is the ability to retain full memory through all consciousness transformations. Loss of memory is man's greatest curse and, in very real terms, death." -- Ancient Taoist Master
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amp244
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Re: Hillary 'Turns Over' E-mail Server and Thumbnail drive to FBI [Re: KauaiOrca]
#22441933 - 10/27/15 08:21 PM (8 years, 3 months ago) |
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You make a good point, but I still believe there is a lot of collusion. Things like the Bilderberg meetings substantiate this claim.
You cant just squander away Rothschild type money. That money is still exercising influence whether you chose to believe it or not. That money is undoubtedly invested into a whole slew of things like hedge funds and Apple Inc. Its no stretch to think that this power may be conducted by the proxy of a multitude of corporate entities.
There is a ruling class in this country, and just because its membership has gotten more broad, doesn't mean that they are all competing with one another jostling for power. The collusion exists, and as much as I hope with every fiber in my body that I am wrong, everything this government and the Fed does supports that sentiment.
-------------------- How to Convert a Normal 24-hour Light Timer into a Short Cycle Repeating Timer "Monopoly, besides, is a great enemy to good management, which can never be universally established but in consequence of that free and universal competition which forces everybody to have recourse in it for the sake of self-defense." -Adam Smith
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Stonehenge
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Re: Hillary 'Turns Over' E-mail Server and Thumbnail drive to FBI [Re: KauaiOrca]
#22441988 - 10/27/15 08:35 PM (8 years, 3 months ago) |
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KO, I tend to think they are competing much like mafia families. They may have some territory assigned to each and other things they fight tooth and nail on. But don't forget even the mafia can make arrangements with other families or with other criminal groups like the jewish mafia, groups in other countries and so on. They fight for market share and then cooperate in putting an upstart rival out of business.
Take the diamond business for example, its a racket of the first degree. Publicly declare you have a way of making diamonds cheap and you intend to sell them dirt cheap, you will end up dead. Soon as they verify you can do it and if you refuse to join the clique and follow their rules. Next thing your friends know is you had a tragic accident or were killed in a burglary.
-------------------- “A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the public treasury with the result that a democracy always collapses over loose fiscal policy, always followed by a dictatorship.” (attributed to Alexis de Tocqueville political philosopher Circa 1835) Trade list http://www.shroomery.org/forums/showflat.php/Number/18047755
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KauaiOrca
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Re: Hillary 'Turns Over' E-mail Server and Thumbnail drive to FBI [Re: amp244]
#22441989 - 10/27/15 08:35 PM (8 years, 3 months ago) |
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Quote:
amp244 said: You make a good point, but I still believe there is a lot of collusion. Things like the Bilderberg meetings substantiate this claim.
You cant just squander away Rothschild type money. That money is still exercising influence whether you chose to believe it or not. That money is undoubtedly invested into a whole slew of things like hedge funds and Apple Inc. Its no stretch to think that this power may be conducted by the proxy of a multitude of corporate entities.
There is a ruling class in this country, and just because its membership has gotten more broad, doesn't mean that they are all competing with one another jostling for power. The collusion exists, and as much as I hope with every fiber in my body that I am wrong, everything this government and the Fed does supports that sentiment.
Don't get me wrong, I do think there are some really bad guys in the highest levels of financial power. Lots and lots of collusion. I just don't think it's coordinated in a one-world-order kind of way because all the evidence is that power is becoming more and more de-centralized and not the other way around. The New World Order crowd had their man with GHWB and he was a one-term president. He didn't do a damned thing to usher in the one world government. Couldn't even get a 2nd term.
The 20 largest global banks have been fined 235 BILLION since 2008 ... I don't care how rich you are, that's a lot of money. If the banks controlled everything, then why are they paying out huge fines to elected government?
The Bilderbergers and the financial groups that attend meetings in Davos are important, to be sure, but they mostly compete with one another in a near cannibalistic marketplace.
Once again, it's very, very difficult to keep a legacy going generation after generation. Rich geniuses are rare and they just don't show up generation after generation. The kids that inherit the shares usually blow them and have no interest in global domination. That's the show stopper.
And, global multi nationals are a plague on our planet.
-------------------- "The universe is endless, limitless and infinite. Any effort to define it's boundaries is an attempt to overcome ignorance. We are physical, mental and spiritual beings ... there is no beginning and there is no end. There is only memory. Our repeated loss of memory experiences create the illusion of beginnings and ends. Immortality is the ability to retain full memory through all consciousness transformations. Loss of memory is man's greatest curse and, in very real terms, death." -- Ancient Taoist Master
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Stonehenge
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Re: Hillary 'Turns Over' E-mail Server and Thumbnail drive to FBI [Re: KauaiOrca]
#22441998 - 10/27/15 08:36 PM (8 years, 3 months ago) |
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>The New World Order crowd had their man with GHWB and he was a one-term president
Then they had W, now they have obumble to do their bidding. Which is the most evil of the bunch?
-------------------- “A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the public treasury with the result that a democracy always collapses over loose fiscal policy, always followed by a dictatorship.” (attributed to Alexis de Tocqueville political philosopher Circa 1835) Trade list http://www.shroomery.org/forums/showflat.php/Number/18047755
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KauaiOrca
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Re: Hillary 'Turns Over' E-mail Server and Thumbnail drive to FBI [Re: Stonehenge]
#22442004 - 10/27/15 08:37 PM (8 years, 3 months ago) |
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Quote:
Stonehenge said: >The New World Order crowd had their man with GHWB and he was a one-term president
Then they had W, now they have obumble to do their bidding. Which is the most evil of the bunch?
GWB did the most damage, that's for sure. GHWB was probably the most competent.
-------------------- "The universe is endless, limitless and infinite. Any effort to define it's boundaries is an attempt to overcome ignorance. We are physical, mental and spiritual beings ... there is no beginning and there is no end. There is only memory. Our repeated loss of memory experiences create the illusion of beginnings and ends. Immortality is the ability to retain full memory through all consciousness transformations. Loss of memory is man's greatest curse and, in very real terms, death." -- Ancient Taoist Master
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starfire_xes
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Re: Hillary 'Turns Over' E-mail Server and Thumbnail drive to FBI [Re: KauaiOrca]
#22442017 - 10/27/15 08:39 PM (8 years, 3 months ago) |
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Quote:
KauaiOrca said:
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qman said:
What did the bailouts do for the people getting kicked out of their homes? Nothing, those distressed assets should have hit the open market at a major discount, it would have worked out just fine. That doesn't produce a economic depression.
So what did the bailouts produce? The largest wealth and income inequality in 80 years.
How do you know it "would have worked out just fine?" Bernanke said last year that 12 of America's biggest financial institutions were literally DAYS away from insolvency? Would that have worked out just fine? We're talking overnight insolvency for CITI, UBS, Deutche, BofA, and a bunch of others ...then the dominoes start to fall.
Bernanke had the data. He was in a position to know. He knew more than you and I did.
Blaming the FED for the failures of Congress is nice and it fits some really intriguing conspiracy theories about global banking families, but the truth is, both democrats and republicans resisted putting in place effective oversight of Wall Street and the ratings companies that would have prevented it. If just the ratings agencies had been honest, this would have been averted.
Quote:
KauaiOrca said:
Quote:
qman said:
What did the bailouts do for the people getting kicked out of their homes? Nothing, those distressed assets should have hit the open market at a major discount, it would have worked out just fine. That doesn't produce a economic depression.
So what did the bailouts produce? The largest wealth and income inequality in 80 years.
How do you know it "would have worked out just fine?" Bernanke said last year that 12 of America's biggest financial institutions were literally DAYS away from insolvency? Would that have worked out just fine? We're talking overnight insolvency for CITI, UBS, Deutche, BofA, and a bunch of others ...then the dominoes start to fall.
Bernanke had the data. He was in a position to know. He knew more than you and I did.
Blaming the FED for the failures of Congress is nice and it fits some really intriguing conspiracy theories about global banking families, but the truth is, both democrats and republicans resisted putting in place effective oversight of Wall Street and the ratings companies that would have prevented it. If just the ratings agencies had been honest, this would have been averted.
Quote:
KauaiOrca said:
Quote:
qman said:
What did the bailouts do for the people getting kicked out of their homes? Nothing, those distressed assets should have hit the open market at a major discount, it would have worked out just fine. That doesn't produce a economic depression.
So what did the bailouts produce? The largest wealth and income inequality in 80 years.
How do you know it "would have worked out just fine?" Bernanke said last year that 12 of America's biggest financial institutions were literally DAYS away from insolvency? Would that have worked out just fine? We're talking overnight insolvency for CITI, UBS, Deutche, BofA, and a bunch of others ...then the dominoes start to fall.
Bernanke had the data. He was in a position to know. He knew more than you and I did.
Blaming the FED for the failures of Congress is nice and it fits some really intriguing conspiracy theories about global banking families, but the truth is, both democrats and republicans resisted putting in place effective oversight of Wall Street and the ratings companies that would have prevented it. If just the ratings agencies had been honest, this would have been averted.
Bernanke is full of shit and doesn't know his ass from a hole in the ground. He is a stooge for the government, in fact he claimed Freddie and Fannie where fine right before the housing collapse...listen to this totally absurd position:
"The problem, according to Bernanke, is the market’s lack of confidence in the government-sponsored enterprises, which hampers their ability to raise capital, leading to increasing lending costs."
http://www.forbes.com/2008/07/16/bernanke-federal-update-markets-econ-cx_cg_0716markets27.html
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KauaiOrca
Waterman


Registered: 08/12/08
Posts: 3,131
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Re: Hillary 'Turns Over' E-mail Server and Thumbnail drive to FBI [Re: starfire_xes]
#22442046 - 10/27/15 08:43 PM (8 years, 3 months ago) |
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Quote:
starfire_xes said:
Bernanke is full of shit and doesn't know his ass from a hole in the ground. He is a stooge for the government,
So, his position is the Fed's Chairman is a "stooge for the government" ... others say the FED runs the government ... so which is it? Who runs who?
-------------------- "The universe is endless, limitless and infinite. Any effort to define it's boundaries is an attempt to overcome ignorance. We are physical, mental and spiritual beings ... there is no beginning and there is no end. There is only memory. Our repeated loss of memory experiences create the illusion of beginnings and ends. Immortality is the ability to retain full memory through all consciousness transformations. Loss of memory is man's greatest curse and, in very real terms, death." -- Ancient Taoist Master
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starfire_xes
I Am 'They'



Registered: 10/24/09
Posts: 21,590
Loc: Dallas with all the assho...
Last seen: 7 months, 2 days
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Re: Hillary 'Turns Over' E-mail Server and Thumbnail drive to FBI [Re: KauaiOrca]
#22442090 - 10/27/15 08:49 PM (8 years, 3 months ago) |
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Quote:
KauaiOrca said:
Quote:
starfire_xes said:
Bernanke is full of shit and doesn't know his ass from a hole in the ground. He is a stooge for the government,
So, his position is the Fed's Chairman is a "stooge for the government" ... others say the FED runs the government ... so which is it? Who runs who?
Go read the fucking article from Forbes in 2008 to see what an idiot Bernanke is. Just because a political hack gets assigned a position of great power doesn't mean he is qualified.
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amp244
Sporocarp Stretching


Registered: 08/05/08
Posts: 1,336
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Re: Hillary 'Turns Over' E-mail Server and Thumbnail drive to FBI [Re: KauaiOrca]
#22442104 - 10/27/15 08:51 PM (8 years, 3 months ago) |
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Novus Ordo Seclorum my friend. Money talks (pun intended), the writing is on the wall...
Throughout the annals of history power brokers have been trying to gain limitless control. Its naïve to think that the current situation is any different. And technology makes this conquest even more realistic. It is inconsequential whether this control is employed by a handful of families or a vast array of initiated individuals.
-------------------- How to Convert a Normal 24-hour Light Timer into a Short Cycle Repeating Timer "Monopoly, besides, is a great enemy to good management, which can never be universally established but in consequence of that free and universal competition which forces everybody to have recourse in it for the sake of self-defense." -Adam Smith
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amp244
Sporocarp Stretching


Registered: 08/05/08
Posts: 1,336
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Re: Hillary 'Turns Over' E-mail Server and Thumbnail drive to FBI [Re: starfire_xes]
#22442128 - 10/27/15 08:56 PM (8 years, 3 months ago) |
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Quote:
starfire_xes said:
Quote:
KauaiOrca said:
Quote:
starfire_xes said:
Bernanke is full of shit and doesn't know his ass from a hole in the ground. He is a stooge for the government,
So, his position is the Fed's Chairman is a "stooge for the government" ... others say the FED runs the government ... so which is it? Who runs who?
Go read the fucking article from Forbes in 2008 to see what an idiot Bernanke is. Just because a political hack gets assigned a position of great power doesn't mean he is qualified.
His book has 2.7 stars on Amazon. 51% are 1 star votes, lol.
http://www.amazon.com/Courage-Act-Memoir-Crisis-Aftermath/dp/039324721X/ref=sr_1_1?ie=UTF8&qid=1446000847&sr=8-1&keywords=Ben+Bernanke
-------------------- How to Convert a Normal 24-hour Light Timer into a Short Cycle Repeating Timer "Monopoly, besides, is a great enemy to good management, which can never be universally established but in consequence of that free and universal competition which forces everybody to have recourse in it for the sake of self-defense." -Adam Smith
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KauaiOrca
Waterman


Registered: 08/12/08
Posts: 3,131
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Re: Hillary 'Turns Over' E-mail Server and Thumbnail drive to FBI [Re: amp244]
#22442153 - 10/27/15 09:01 PM (8 years, 3 months ago) |
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-------------------- "The universe is endless, limitless and infinite. Any effort to define it's boundaries is an attempt to overcome ignorance. We are physical, mental and spiritual beings ... there is no beginning and there is no end. There is only memory. Our repeated loss of memory experiences create the illusion of beginnings and ends. Immortality is the ability to retain full memory through all consciousness transformations. Loss of memory is man's greatest curse and, in very real terms, death." -- Ancient Taoist Master
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