Wednesday, June 27, 2007
A Vote of No Confidence (06-04-07)
The congress in its political witch hunt of Alberto Gonzales threatens with a vote of no confidence. The idea is to turn him into a lame duck. He becomes a man holding an office with no power. There is a lesson in these actions if we’ll pay attention. Our vote is paraded as a tool for us to eliminate a candidate from office. In a two party system there is no difference from repulicrats or demicans. Voting for one is voting for one. The only true vote of no confidence available to the massed who are sick of a lawless elite is not to vote. That is why these idiots are always measuring your vote. They don’t care who you vote for only that you’ll go out and vote. That little act displays your confidence in their system. They have you buffaloed into them being representative of you. You know they are not, that they are there for their own personal interest. You even complain but still you will not shake the idea of them. They don’t need your tax money but they need a mechanism to measure your compliance and belief. They don’t really care who you vote for only in a measure of your confidence and belief. Every extortion they plot upon you is to keep you within the serf mentality they have designed for you. They are always checking you to see if you will wake up and become an independent man and thinker. They are always collecting information and you are always telling on yourself. For a 1 in a million chance to win a car you’ll fill out a financial statement. For cokerewards you’ll give up your privacy. Your vote is a vote of no confidence in self-government. Your non-vote is a vote of non-confidence in the fraudsters. One example; I’ve been hearing 35 years of “fix the schools.” If you were that incompetent McDonalds would fire you. I have no confidence and that is my vote. Keller and Alsup and those situated like them are retards. I still know what law is and they don’t.
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15 comments:
Unseen to most eyes has been the huge transition underway below the perception threshold of most people as the world transitions from fungible paper assets to electronic "money." The reason I got to thinking about this today is that the ATM is 40-years old. The ATM has become so ubiquitous that it has prompted Bill Virgin, up at the Seattle PI, to wonder "Is the ATM growing obsolete?"
I'd offer a column I wrote back on May 29th of 2001 ("Rechargeable Money: An Alternative to Fractional Reserve Banking"). The whole trick that banksters seem to be focusing on is the elimination of 'money at rest'. In other words, what's the most dangerous money in the world? Money that is not "churned." The whole economic system has become 100% addicted to money in motion - and the more motion, the more paper profits, and quick-as-Bob's-your-uncle, the empire of digits can be large enough to fill the Universe.
In this context, the idea of 'rechargeable money' is not so absurd. Just like any battery-powered device that loses its "oomph" over time, so too, goes this school of thought, so should money at rest. If there were just a means to destroy the purchasing power of money over time without inflation, then all the money on earth could be forced into circulation and little problems like the Fed not being able to throttle up economic activity as the velocity of money falls (the so-called 'pushing on a string' problem) - all that disappears. Hence, a tax or some other scheme to depreciate money-at-rest.
Although it sounds like a wild-eyed scheme, consider that taxing or depleting money at rest could have a salutatory impact. The way we burn off excess capital investment right now is by destroying it with outlets like wars and such. Depreciating money on something other than an inflation basis might accomplish the same needs as war, but without so many bodies lying about.
Where was I? Oh yes, We can now see clearly why the Fed under Greenspan was so careful to eliminate the reporting of M-3. That's the old "broadest measure of the monetary supply. Why? because it's embarrassing to admit that M-3 (which I think of as the "digidollars" as opposed to M-1 which is the "old-fashioned paper" measure) has been zooming along at a 12% plus rate lately, while M-1 seems to be relatively constrained.
So, unless I'm a complete idiot (and there's every chance of that, to be sure), the most important thing in the current Money Stocks report is that there's real DEFLATION of M1 while M-2 is being pumped at an annual rate of better than 6% plus.
So, the question becomes simply this: Can we have a blow up in the CDO (collateralized debt obligations market) without M1 going more steeply into deflation? I guess it depends how it works out, but clearly the derivatives market is where the "money creation" has been lately (in the sense that all money is 'borrowed into existence') and it's also clear to me upon inspecting the numbers here, that the Fed has in some major sense actually lost control of the money supply.
I can almost see the note from my deflationist friend Jas now -- I expect something like: "Never, keener - See! Told you so!! Stupid people who don't read the data!"
More to the point, I'll have to admit that I'm somewhat perplexed why the mainstream financial media isn't screaming "Amigo! Deflation really is here! You Know, Deflation like Replaying 1929 like that guy in Texas has been writing about!!! Everyone, Run from the Street!"
That'll happen soon enough (linguistically late August into late September, but continuing through the fall), but the "next shoe" ought to be layoff announcements as companies and even governments (like the City of Tampa is planning job cuts) begin to really tighten their belts. The M3 digidollars are ethereal while the M1 money is what people get paid...
So, can the Fed raise rates today? You're kidding, right? They may have to lower first, as I see it.
The FDA is now saying dump any toothpaste you have that was made in China. This is one of those stories, like the poisons cold medicine, that seemed to pop up first in Central America.
Speaking of which, my brother in law advises that in his city in Panama, a horse fell in the local water supply and no one noticed, so lots of sick people/folks on medicines for that. On top of tainted this and that from China. High risk place that third world, but don't worry, we don't have to worry here in the USA because our government protects us, right? So I'm gong to the medicine chest this morning on a toothpaste hunt...
SOP, You worry to much.
If you trust the Lord you would not be so concerned; and if you just don't believe in him then go have a "Crown and coke.
"If you trust the Lord you would not be so concerned..."
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but i do trust in Him; these aticles are put here for they that dont. ;)
SOP; 10-4 sorry.
"....a horse fell in the local water supply and no one noticed, so lots of sick people/folks on medicines for that...."
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gotta be kidding, right!??
i mean, why not a meteor hit panama and nobody noticed???
are they all def and blind there???
"The only true vote of no confidence available to the massed who are sick of a lawless elite is not to vote."
Yeap. That will have a huge impact, alright.
Sorry to interrupt your blog, sop.
no problem....
i gotta call my trust guy out in pamana, hatchfeel/spruce and find out what goin' on in pamanas....
if the stroy is ture, that a hoss fell in the water and nobody notice.....
my kinda town...everbody mind their own freakin' business....
reming me of the brokerage house, who motto is....
"at pain webroot, we make our money the 'old fashion way', we rob it....."
as long as everyone mind they own business.....
waht do yo say....lets mak sum money the "old fashion way".....
LOLOLOLOLOLOLOLOLOLOLOL!!!!!!!!!!!
Yeah Neo; Why don't you mind your own business this Dorean Group does not effect you so butt out; or maybe you are a client.
Besides noone here wants to talk to a bald headed Bankrupt little man anyway.
Moogs, until it shows up on Pacer, it is just more Kurt making more mouth noises and his record for probity isn’t what one could call sterling.
Soppy, I hope you don’t mind me calling you that since you are so sopping wet and naive.
Your “Rechargeable Money” idea is so quaint and new, and utterly revolutionary that it just shakes me to my very toes.
It is a pity you are so completely oblivious and out of touch. Your earthshattering idea has been around for a good many years, they are called debit cards.
As to the rest of your nonsense, “Fractional Reserve Banking” as you insist on calling it, and blaming upon the Federal Reserve is even less new than the debit card, it has in fact been the mode of operation of banking since the first money lender opened his pack. Hardly new, hardly original, and hardly the great conspiracy the mathematically challenged would have it.
Kurt, the all knowing, all powerful, all encompassing, oh wait, I forgot, you are currently resident at Dublin PI, and shortly to become a permanent resident of some similar residence.
Gonzales is hardly the subject of a witch hunt. He is being reviewed by Congress as part of their responsibility to keep an eye on the administration, and Gonzales being a bigger liar and incompetent than you has quite rightly lost the confidence of the legislative branch. The fact that he has lied repeatedly, violated not only his oath of office but a good many of the laws he was sworn to uphold, so I hardly think that this could be considered a witch hunt.
And then you have the unmitigated gall to tell people to not vote, when it is that kind of apathy and laziness that results in the government that we have.
Oh, but then I forget, you are no stranger to lies and fraud, and lack of morales.
greenslam,
if you goona be in the can, yo might as well lern to dfense yoself.
here is a good style fo old peeple
www.youtube.com/watch?v=Hs8mblcgTsk
Hey Notorail Dumbass,
I would be the last one on this blog to defend SOP and his blather, but you should take that remedial reading class with Neodumbs. SOP was cutting and pasting an article that WAS written 6 years ago explaining how the system came about. So your attack, as usual is unwarranted. Dipshit
Dearest Peanut,
If he insists on plagiarizing someone else’s mediocrity and trying to pass it off as his own general dim wittedness that is not my problem. If one is going to steal, they should have at least the good sense to steal from someone smarter than they are, which brings us back to where we are.
Since he insisted on presenting it as the newest thing on the block I felt it was incumbent to disabuse him of his laziness since it was no more new nor original than Kurt’s dreck. I was also bored.
And, just for the updated version of it, it is such a new and novel idea, that Walmart is going to introduce a blind debit card themselves, this is of course after visa and mastercard did the same several years ago. So whoop de skipping do.
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