Posted on 06/13/2011 6:00:13 AM PDT by quesney
I'm trying to figure out how the Republicans get blamed. You're saying the collapse is inevitable but that Geithner wants to paint it as though it will only happen if the Republicans get their way and the debt ceiling isn't raised. Then when the Republicans get their way and the dollar collapses (this summer), the Republicans get blamed even though the two are unrelated.
Is that your angle? It is an interesting angle.
Simplifying a complex system is always dangerous.
they want to force all the nations to privatize state assets so that the bankers can take them when the countries default.
But how do you spend a fleet of Ford Tauruses? How do you spend a national park? How do you spend a federal building? Or do you just break into maniacal laughter over all this stuff that you've acquired?
It seems to me that a more likely scenario is that governments, rather than giving up their assets, would instead confiscate the assets of the wealthy -- under the guise of social justice, paying your fair share, etc. -- then would pay their debts in some currency. I doubt the bankers would crash all the currencies (assuming they had the power to do so), because it would be such a pain in the neck to deal with the assets in their physical form.
Also, politically there's no way the banks could directly take possession of state assets. The public simply wouldn't stand for giving Hoover Dam or Yosemite or whatever to some international bank. But a public in a certain state of mind might actually delight in some rich guy having his ranch confiscated or Exxon having all their oil rigs confiscated along with all their cash.
But to be honest I'm pretty skeptical of evil international banker-centric theories in general.
First, a number of the people who post at zerohedge can be a leftist, anti-semmite, or even just plain hate-the-right varieties.
How are the banks wanting to fix Greece? By having Greece sell thier assets for pennies on the dollar, thats how.
So, to make this example clear, lets consider what this is saying. You only quoted a small snip and it leaves out the pivot point of the statement.
A country is in debt. They are broke. But the bankers want to keep their game going, to stay on top, they like people being in debt because it keeps the game of fiat currency going. Fiat currencies NEED debt to keep going. It is like a shark.
NOW, by giving these broke countries more debt, how are they going to pay it back? Do the bankers want their more worthless fiat paper back? Why would they? NO, they will want something of value, real assets. They will say, hey, give us your coal despoists, and we will say we are even.
And so the country turns over a real asset, coal, to the bankers, for the little pieces of paper, that are worthless more now than when the game began.
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
So, your question totally misses the point. They don’t want more pieces of paper, they want REAL ASSETS and they want CONTROL. Like the EPA, eh? Paying off a debt with more fiat money is not the end game. Having control of your coal, or your ports, or your oil deposits, whatever their hearts desire, will be theirs. Even the Federal bulidings would have to pay rent to them. Because of the debt.
As to other currencies, they are all fiat. NOT ONE ISN’T FIAT. Why would they care? Banks, it didn’t say banks. NO, whoever is pulling the strings. Whoever “they” are. And it is NOT the banks. They are just proxies, if maybe.
If the public has lost their homes to international corporations, can’t feed their children, they won’t have time to care about Yosemite.
The seeds of distrust have been sowen. They are sprouting. With the courts not standing for the rule of law in foreclosures, with jobs being offshored, with college grads with science degrees taking two years to find a job, you think there isn’t going to be some serious blowback? The FED rent boys around here would call people who see these things commies. But who is in the White Hut? A Commie. Who paid for the Commie? Banks did. TRAP went to foreign banks. This game is alot bigger than just a few awake taxpayers. Much much bigger.
Then do you really believe that all of this is just a paper errror?
Maybe this thread will help illustrate what this means in real life.
http://www.freerepublic.com/focus/f-news/2734306/posts
Export of shale gas angers Western Pennsylvianian landowners
BUMP
And here is another one: http://www.zerohedge.com/article/greece-prepares-auction-acropolis-austria-selling-its-mountains
"Lets say you and I represent the whole world. I create the currency for this world and give it all to you. All I have is a loan on my books...you have all the money in the world...$20. I then proclaim that you must pay me back that $20 plus interest at some point in the future. You buy lots of stuff, create businesses, and build wonderful products with my currency. In the end no matter what you do I will end up with all your stuff. It's simple math. Even if you were able to reaccumulate all the money in the world and pay it to me ($20) you would still owe me interest....and interest on that interest...compounded over time. I can create and give you more money but that would just allow for you to build more stuff for a while longer. In the end the only thing left to pay with is your assets. Thanks for working so hard for all those years and creating such a beautiful world. It will all go back to me. Your only recourse is to recognize that I duped you with a mathematically impossible scenario...smash my head in with a rock, and keep all the stuff you worked so hard for."
In the end no matter what you do I will end up with all your stuff. It's simple math.
Well, I must admit it would be pretty wild if the Greeks were forced to sell the Acropolis to pay off their debt.
Thanks, it would indeed be very scandalous.
Self ping, another comment from the Greek link:
“Right, the Banks came to the brink of insolvency. So, the Government Bailed the Banks out with Tax Payer Money and now the Banks want to forclose on the assets of the USA because there is too much Debt. Watch.”
Another BTTT for this thread! Thanks to all posters.
Life, liberty and the pursuit and destruction of totalitarians.
And I was AGAINST TARP from day one! Before Bush signed it!
Yes, it would. (It's got to start somewhere). Me, too.
Life, liberty and the pursuit and destruction of totalitarians.
A continuing story how the new world order, think Bush1, Soros, Bilderbergers and European bankers, have milked the USA. Fighting and paying a big price in men and resources was not enough for these people and I’ll toss in the Rothchild bankers for topping the pot. History will prove that this whole USA financial downturn was intended to reimburse Europe for buying into the USA housing bubble before having the USA go under with debt.
They are keeping the European Banks afloat till the legal claims against US toxic bond issuers and insurers are settled. Obviously they feel it has to be kept from the US populace. As a by product they are increasing US dollar denominated capital and thereby soaking up Dollars and maintaining the value of the currency which would otherwise devalue more.
yes, that’s exactly my theory.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.