This is a long post.. Sorry but can't write on important things that matter to you and we and take shortcuts like the media..
We read yesterday that Mario Draghi, head of the ECB is so desperate to kick-start continental Europe's economy that for the first time ever, negative interest rates have been implemented on banks
In simple layperson terms, that means banks that hold onto cash reserves must pay a percentage penalty or lend it out..
And that is the financier's solution -- create more debt from imaginary currency.
Draghi's goal is to create inflation.. That means force the cost of Everything to rise..
~ My-oh-my, what a wonderful day...
So when you hear or read finance news celebrate it, understand you everyday person will be suffering by paying more which allows corps to make more money, the markets globally to rise and shareholders to earn larger dividends (profits)
Yep.. gotta get people into debt..
Maybe the problem isn't so much banks aren't lending as that qualified lendees have sharply decreased due to a myriad of factors such as loss of job, personal bankruptcy, devaluation of collateral i.e. home, car, etc not valued enough to cover the loan..
As bad as it is in the US, its truly terrible in most of Europe, the PIIGS nations in particular with massively high employment to match the massively high taxation/tariff rates...
~ Plenty of sun-shine headed my way.. Zip-a-dee Doo-Dah... Zip-a-dee-Ay!
But as we said that's all bankers and financiers know how to do.
Continually lower interest rates.. for banks..
Create schemes and dreams to get populaces further into debt, and if people go belly up again, well.. ehh.. as they say, that's built into the 'cake' with as many to profit off the individual's downfall as there were off the borrowing/spending cycles..
Mexico is doing it too-- today it was announced they cut rates down from 3.5% to 3%
Nigeria took time off from doing nothing to protect its people from being slaughtered by guerrilla forces to lower their interest rates earlier this week..
~ Mister Blue-bird on my shoul-der.. It's the truth... Its acutal.. Everything is satisfactual..
India was considering a rate cut five days ago..
Its all a race to the bottom..
And don't be surprised or shocked if one day down the pike, your local bank not only stops paying you a nominal interest to hold your money but starts charging you negative interest
Pay the bank to hold and protect your money or spend it on things you really don't need or put into that precious stock market..
The financial equivalent of the famous bar closing adage "You don't have to go home but you can't stay here"
~ Zip-ah-dee Doo-Dah.. Zip-ah-dee-ay.. Wonderful Feeling.. Wonderful Day..
And if you want to just maybe take your money out and not spend it, well you should ultimately expect what is known as capital controls to be in place..
In the US, if you take more than $10k out in a transaction in a business day, besides getting suspicious and dirty looks from the teller, your activity is reported to the IRS..
One day you'll get those same suspicious and dirty looks followed by a 'Sorry.. your limit is $5k... or $2,500.. etc.. etc..
They did it in Cyprus.. They'll do it here, there and everywhere else
~ "Wha's yo' say 'bout de System not bein' on de' up n' up? Nawww"
If your extra money isn't with you on your personage or in an empty box of Cocoa Puffs, then it should be..
What you don't truly possess, you don't truly have.. Everything else are valuations, guesstimates and numbers games..
Everything not in your possession can be manipulated via crisis.
Like Weimar Germany back in the pre-Hitler days... All those true stories of a billion deutche marks for a loaf of bread and currency so valueless it was used as wallpaper and to literally wipe one's rear ends..
~ "Massas in Washington be'n goods to me.. Treat me well they does.."
Simple.. some global bankers got together in a nice room and re-valuated the currency (officially called a monetary reset).. Some decimal places were moved to the left... T's were crossed.. I's were dotted and Ta Da!! All done..
Not meaning to sound corny but to accurately quote Darth Vader, "You've no idea the power of the Dark side"
These global banking bastards truly can do anything at any time..
There is no law to which they did not create and no government with exception of Cuba, North Korea and Iran who isn't indebted in some way or another..
~ "Jus' tells me everythin' gonna be OK.. All I's be askin.."
Don't know if this piece of news was paid attention to or got ignored while large-assed Kim Kardashian had another meaningless wedding and other celeb trivia..
From Washington Examiner- May 30, 2014:
"As many as 227 million Americans may be compelled to disclose intimate details of their families and financial lives -- including their Social Security numbers -- in a new national database being assembled by two federal agencies.
The Federal Housing Finance Agency and the Consumer Financial Protection Bureau posted an April 16 Federal Register notice of an expansion of their joint National Mortgage Database Program to include personally identifiable information that reveals actual users, a reversal of previously stated policy...
The database will also encompass a mortgage holder’s entire credit history, including delinquent payments, late payments, minimum payments, high account balances and credit scores, according to the notice.
The two agencies will also assemble “household demographic data,” including racial and ethnic data, gender, marital status, religion, education, employment history, military status, household composition, the number of wage earners and a family’s total wealth and assets."
There really is a Big Brother.. and if you're not in their grips, you and we will be sure enough..
Yes.. its fucking scary..
This is usually the part where the reader wants to hear some solutions as to what to do so OK here we go..
The System or for lack of a more clever word, "Matrix" is gigantic and sweeping but you can still take control of your life..
We keep repeating this over and over and when constantly ignored, that's on you..
Until we start living in a society where you can convert silver bars and gold dust in exchange for food, gas and paying utilities, cash is still king
And its the only form of currency that keeps your private life and daily decisions truly anonymous
More importantly, learn to be content with what you have and who you are
Avoid credit cards unless you pay in full... And if you are unable, work as hard as you can over time to get into a position where you are free of them..
Avoid loans, mortgages, home equity lines as much as humanly possible..
Learn to save.. To reuse and replenish..
No one can predict the future and even we are Not arguing that life will turn into a post-apocalyptic Mad Max society or advising to stock up on automatic weapons and learn to live in caves..
That's something movies like to do to convey a bleak future because who would sit and watch a film about monetary controls slowly squeezing a populace to serfdom with no action scenes..
But you must stop this naive assumption the cavalry will come to the rescue and make things better every time there's a jolt to the economic, political and/or social apparatus..
If anyone does get involved it will be for their betterment not yours..
Why would these agencies need ammo?
Because each has their own personal SWAT team and police force..
And they're preparing and protecting themselves..
But against You if/when the System does crumble...
There's a world out there most people are utterly clueless about and what tends to happen is those who speak out are marginalized as kooks and zealots.
We really don't care how we are perceived by anyone.. We don't sell anything.. There's no ideologies or parties we're trying to get you to join..
We just don't like the way things are and just can not in good conscience let the powers that be get away with continually misinforming and dumbing down the masses..
And if you don't.. That's up to you.. Free choice n' all..