Below is a very simple, short video explaining the methods of money creation and destruction in our economy. Please watch it closely in order to understand what I am about to write.
Notice how there is no restriction on the Fed’s creation of money. All new money is issued as debt. That means that the “Principal” amount is injected into the economy, but “Principal + Interest” is owed in return. Where does the money to pay this interest come from? Notice at the very end of the video when the narrator assumes that the bond has a 0% interest rate. I was very disappointed at this point. It would have been a perfect opportunity to illustrate the most dangerous part of the entire system.
As we all know, bonds are not issued at 0%. This means that the $1000 used in the video to pay off the bond would not be enough to cover all that is owed, because it doesn’t include the interest. This is the fundamental problem of our debt-based monetary system; the interest charged on newly-created money does not yet exist. This means that in order to pay off the interest, more money must be created; but it is also created as debt. This system requires that new money be created perpetually in order to pay off the interest associated with previously-created money.
So, the overall money supply must grow forever. As I’m sure you all understand, when the money supply is increased with no subsequent increase in production it creates inflation (a rise in prices). This is because more money is now chasing the same number of goods, so it is therefore worth less than before. It dilutes the money supply. Since wages almost never increase at the rate of inflation, this process destroys our buying power and therefore our standard of living. Some people will try and tell you that America enjoys a better standard of living now than ever before. But this is only because of an enormous increase in overall debt. Businesses, households, and consumers in general carry more debt now than ever before. This outcome is completely predictable based on our monetary system, but it is also the only way we are able to afford our standard of living. If the ability to run up debt goes away, then so does our standard of living.
Of course the only way to legitimately increase our standard of living is to actually start producing things once again, rather than just borrowing and consuming. After all, 70% of our economy is based on consumer spending. This is why the government could not let the banking system collapse, because our entire economy is propped up by the enormous bank-created debt. Even more outstanding, as the video shows, if all citizens were to pay off all of their debt there would be a cataclysmic decrease in the money supply to the point where it would freeze the economy. The economy cannot function without money. Either a gold standard, or a debt-free currency could be traded freely within the economy without dependence on debt to ensure it’s existence. As of now, in our current system, we are truly slaves to debt.
Furthermore, as a result of this new money creation, and in order to keep up with it, the economy must also try to grow perpetually. This is completely unsustainable. Not only is it unrealistic to assume an economy can grow forever, but during the process of trying to do so the system consumes everything in it’s path. It cares not about the depletion of natural resources, pollution, sustainability etc. All it cares about is growth. Although the government could simply create new money absolutely debt-free, completely sidestepping a private bank, it instead chooses to pay interest to the Federal Reserve. And for what? What essential service is the Fed providing? What is it doing to earn all of this interest income? Nothing. It has merely been granted the authority by the government to run this giant ponzi scheme. And it does so at the expense of the American people. Be sure to also look at the chart below as well.
Click on Chart to Enlarge
Above is a 200 year chart of the Consumer Price Index (CPI). It is what the government uses to keep track of inflation. However, they don’t include either food nor fuel in the index, two sectors that are incredibly prone to inflation. These two items also make up a huge portion of the typical American family budget. Because of these exclusions, among other discrepancies, many people believe that the government consistently understates inflation. The government has also stopped keeping track of M3, a very accurate measure of the money supply.
Notice when inflation started getting out of control. It began in the 1960’s when there was a drastic increase in government spending on “The Great Society” and the Vietnam War. Because of this the U.S. had to officially break away from the Gold Standard in 1971. Look at what has happened to consumer prices since 1971. The chart speaks for itself.
This must be what the Huffington Post called “queuing for aid” in their attack piece on cofcc.org. Aid convoys must have armed escorts as Haitians fight each other to get the most aid. Even blocking exits with piles of dead bodies to block aid trucks from getting to neighboring towns.
Another shocking development is the refusal of Haitians to help unload their own aid from planes and trucks. The US military is telling private charities and foreign governments they must bring their own work crews and Haitians are refusing to do it. A big story yesterday was about United Airlines flying 60 Chicago volunteers to Haiti to unload planes. It’s unbelievable that in a nation of ten million, white people from Chicago have to be flown all the way to Haiti to unload the planes.
Whenever Haitians are asked to unload anything, they grab as much stuff as they can and run away. In many cases, armed and masked UN soldiers have to hold Haitian thugs back at gun point while UN workers unload trucks.
After the massive tsunami in Southeast Asia, none of the absurd behavior seen in Haiti went on. That disaster was much, much bigger and spread across numerous nations.
Haiti was born of extreme violence. Between 1791 and 1804 all of Haiti’s whites, Mulattoes, and Amerindians were slaughtered in horrifying ways. All non-full blooded Negroes were killed. When Napoleon decided to pull his troops from the Caribbean, it became the only self-ruled Negro “Republic” in the world. Today it is the oldest self-ruled Negro Republic. Haiti has produced little save for violence and despair since the French left in 1804. It survives on handouts from white nations and white charities.
Today, we see some of the worst behavior from Haiti ever. While the international community is trying to provide for everyone, the largest and strongest men are seen taking it all. Women, children, and smaller men are pushed aside or even beaten with clubs. Violence it seems is in the Haitian’s genes.
Below is a video consisting of various interviews, including one with Dr. Kevin MacDonald. He gives a brief history of immigration in the 20th century. MacDonald has probably done more research on Jewish influence in Western society than anyone else. He correctly states that Jewish organizations have always led the fight for more (especially non-white) immigration into the United States. For more information on this please visit our Immigration Page. Dr. MacDonald has written some fantastic books on Jewish evolutionary strategy. I highly recommend them to anyone who is interested in the subject. The video lulls a bit in the middle but does pick back up.
The new Congressional Budget Office (CBO) 10-year budget baseline provides a sobering picture of a federal government that has committed itself to trillions more in spending than taxpayers can afford. Once the baseline is scrubbed of several unrealistic assumptions that Congress demands CBO use, the more realistic baseline shows that massive spending increases are set to keep the budget deficit to $1.4 trillion in 2010 and drive it to $1.9 trillion by 2020.
A Sea of Red Ink
The CBO baseline contains two important messages. First, Washington is accumulating debt at an unsustainable rate. After the debt slowly grew to $5.8 trillion through 2008, the more realistic baseline shows the federal government adding an astonishing $16.3 trillion in new debt between 2009 and 2020–$130,000 per household over those 12 years.
Budget deficits would average $1.3 trillion annually as the debt climbs to 98 percent of the gross domestic product (GDP) by 2020–and continues growing thereafter. This steep rise in debt would eventually become too large for global capital markets to absorb, potentially triggering a financial crisis, interest rate spike, and gigantic tax increases…
…Thus, President Obama’s spending agenda–which would be unaffordable even in good budget times–is completely unrealistic in this sea of red ink. On top of this baseline, the President would spend trillions of dollars on a new health care plan. This cost would be partially offset by painful tax increases and deep Medicare cuts that, if enacted, would be better spent on meaningful deficit reduction. The President’s stimulus did not create 3.5 million jobs as promised, but it did add $1 trillion in new debt. The effect of these policies is to dig the fiscal hole deeper, forcing future lawmakers to choose between even larger tax increases and deeper spending cuts…
General Budget and Spending Trends: A Look Back
Context: Since World War II, federal spending has generally remained between 18 and 22 percent of GDP. During the Bush Administration, spending increased from 18.4 to 20.9 percent of GDP.
In 2009, spending increased by $535 billion (18 percent), and revenues declined by $419 billion (17 percent). This increased the budget deficit from $459 billion to $1,414 billion.
The 18 percent spending increase in 2009 was the largest single-year expansion of government since the height of the Korean War in 1952.
Overall, from 2001 through 2009, federal spending surged 51 percent faster than inflation. Federal spending per household expanded from $21,510 in 2001 to $29,813 in 2009.
For longer-term comparisons, it is best to measure spending as a percentage of GDP. In 2009, federal spending reached 24.7 percent of GDP–the highest level in American history outside of World War II. Non-defense spending reached a record 20.1 percent of GDP.
Discretionary spending has increased 25 percent in three years–not even counting the $311 billion in discretionary stimulus spending, and approximately $150 billion in annual spending on the global war against terrorists.
Over the entire 2009 through 2020 period, the Troubled Asset Relief Program (TARP) is now expected to cost $99 billion, while the Fannie Mae and Freddie Mac bailouts are estimated to cost $173 billion…
General Budget and Spending Trends: Looking Forward
Between 2010 and 2020, recession-depleted revenues are projected to gradually rebound to 17.6 percent of GDP (slightly below the 18.3 historical average). Spending is projected expand to 25.9 percent of GDP–well above 20.7 historical average. Compared to those averages, 88 percent of all additional deficits by 2020 come from additional spending (5.2 percent of GDP above average), and only 12 percent comes from low revenues (0.7 percent of GDP below average). The table below breaks down where the new spending is coming from.
Much of this spending growth will be driven by entitlements such as Social Security, Medicare, and Medicaid. Over the next decade, the CBO projects that Medicare will expand by 7 percent annually, Medicaid by 5 percent annually (above levels already bloated from the recession), and Social Security by 5 percent annually. These programs face a 75-year shortfall of $43 trillion.
Deficits and Public Debt
Context: Before 2009, the largest budget deficit recorded since the end of World War II had been 6.0 percent of GDP in 1983. The Bush Administration oversaw budget deficits averaging 3.2 percent of GDP.
The 2009 budget deficit of 9.9 percent of GDP shattered the postwar record. Furthermore, the budget deficit is projected to remain above 5.8 percent of GDP indefinitely.
By 2020, the budget forecasts a $1.9 trillion annual budget deficit, a public debt of 98 percent of GDP, and annual net interest spending surpassing $1 trillion.
Over what would be President Obama’s eight years in office, baseline budget deficits are projected to total $9.7 trillion–nearly triple the $3.3 trillion in deficits accumulated by President George W. Bush. The public debt–7.5 trillion at the end of 2009–is projected to triple to $22.1 trillion by 2020.
After remaining between 23 and 49 percent of GDP since the end of World War II, the public debt currently stands at 53 percent of GDP and is projected to reach a peacetime-record 98 percent by 2020.
As the budget deficit increases over the next decade, so will net interest spending, from $187 billion (1.3 percent of GDP) in 2009 to $1,044 billion (4.6 percent of GDP) by 2020. Even that assumes that interest rates remain lower than in the 1990s. An interest rate spike could cost trillions of dollars in additional net interest costs.
The coming tsunami of Social Security, Medicare, and Medicaid costs are projected to push the federal public debt to more than 300 percent of GDP by 2050 and over 700 percent of GDP by 2080.
The following is a series of video interviews with the popular economist and trends forecaster, Gerald Celente. Celente is the founder and director of the Trends Research Institute, an organization which studies a myriad of economic and geopolitical events in order to predict future trends. Apparently Mr. Celente has been fairly accurate in the past and has successfully predicted quite a few major economic events. His grim economic predictions come as no surprise to us, since we have been writing for quite some time about America’s future economic woes. It’s really only common sense once you understand how our monetary system functions. You can then realize that our economy is built to fail, it is only a matter of time. Whether America’s economic downturn happens swiftly or is spread out over many years is hard to say, but the fact remains that the U.S. population will see a dramatic decrease in their standard of living.
America’s anti-nationalist economic principles, and our fractional reserve banking system have destroyed most of the manufacturing in this country, and has enslaved the entire nation in debilitating debt; debt which we will never be able to pay back. The fat, lazy, and entertainment-filled American public is in for a rude awakening in the coming years. I say let it come; nothing could be better for this country and for White people in general. Only when the spoiled White population has their precious comfort pulled out from underneath them will they ever start to care about what is happening to this country. Let’s hope it’s not too late to salvage some of them, although I believe most Whites are far too brainwashed to ever start thinking racially again. Most Whites would rather die, or watch their children grow up in a degenerate swill-hole, than to ever be labeled a “racist” by the mass media. I have settled on this conclusion out of realism. America is far too gone to ever be saved through our current political system.
We can have a “conservative” resurgence or even a new third party, but it will never be enough to turn this country around. The real power in this country; the banks, media, academia, and law; are all controlled for the most part by Jews. Any new mainstream political movement to emerge in this country would be immediately infiltrated and manipulated until it was no better than the Republicans or Democrats. Therefore the only way to save our country and our race is to completely remove Jewish influence from our societies. Every movement that is not strictly anti-Jewish will eventually be infiltrated and watered-down, as we are seeing with the current Libertarian movement within the United States.
The Libertarian movement is extremely appealing to many Whites today, but you must understand that the Libertarian message has been corrupted over the years to be specifically anti-racial and anti-nationalist. Ludwig Von Mises, Murray Rothbard, Ayn Rand, etc. were some of the most influential Libertarian economists, and they were all anti-racialist Jews in favor of open borders and free immigration to some degree. Mises was even in favor of using violence against the U.S. in order to open up our borders to the rest of the world, because he thought we were keeping wages too high with immigration restrictions.
The modern Libertarian position on immigration also states that people should have the right to freely move across borders. This belief denies the reality of racial differences. It assumes that all races are equal, and therefore it shouldn’t matter who moves across your border. Not only does Libertarianism deny the existence of racial differences, but it also assumes a nation is nothing more than an economic entity, rather than a body of people who share common culture and blood. So in a sense they are in favor of racial internationalism, which doesn’t differ too much from racial Marxism if you ask me. Achieving a populist anti-Jewish movement is much easier said than done, considering how the media attacks and discredits even mainstream conservatives, let alone anyone who shares our beliefs.
As stated before, Gerald Celente has been very accurate on his predictions. He also states the truth on a lot of very important issues. He starts out by saying that Obama is out-Bushing Bush on the war on terror. This, of course, was entirely predictable. Since Obama immediately filled his cabinet with Jews upon taking office, it was likely that Bush’s Middle East policies would be continued. He notes that not only has the Obama Administration not repealed the Patriot Act, but they have extended it. As many of you know, the Patriot Act gives the government the authority to label anyone as a potential terrorist. They can then bypass the 4th amendment and perform unlawful surveillance, search, or seizure without a warrant. Following the Department of Homeland Security’s recent report which labels “right-wing” Americans as potential terrorists, you can easily see how this could be a recipe for abuse against the American people. Moreover, it gives the government the power to persecute those Americans who are the most likely to engage in resistance against our oppressive government.
Celente comments on the increase of U.S. incursions into Pakistan, and the new media hype about Yemen. He points out that extending our “War on Terror” could have disastrous effects on our economy and our potential to be at the receiving end of more terrorist attacks. He intelligently points out that there are 300,000 Pakistanis living in America, and spreading the war into Pakistan may have some deleterious effects here at home. But then again, our government has no real intention of winning the war, which is why it is so broadly defined. The banks can make billions in profits from war-lending, and the Jews get to use American soldiers to subdue the Muslims for them. Why would they ever want to end the war?!
Because of these continued policies, Celente believes that we will experience another major terrorist attack. Who knows if it will be real this time, or another staged event like 9/11. But one thing’s for sure; the government and media will again tell us that the only reason anyone would ever attack us is because they hate our liberty and freedom. Of course, it wouldn’t have anything to do with our foreign policy, or the fact that we have been influencing governments in the Middle East since the 1950’s.
The first interview is with Alex Jones. I will be the first one to call Jones a clown. He absolutely refuses to address the Jewish question, and instead expects us to believe that some loose-net group of “global elites” possesses the organization and cohesive motivation to carry out what’s currently being done to our country. We all know that gentiles who are involved in these activities usually do so out of individualistic greed, but the Jews act in a concentrated effort to advance the interests of the Jewish people. But just like some other commentators out there, Jones does serve a purpose. He has even hit a giant milestone with regards to Israel, and now frequently talks about how much of Obama’s cabinet has dual American-Israeli citizenship.
They go on to discuss Iran and Israel. Celente claims that if Iran, Israel, or the U.S. make any aggressive action it could be the start of World War 3, although he believes the parties involved realize this and wish to avoid it. One thing is for certain, Iran will not be easily beaten, especially in a ground war. However, he doesn’t think Israel will strike Iran, but notes that Israel will still not stop building illegal settlements even though it is strictly against international law. They continue to ignore America and the world. He believes the worse the economy gets, the more war we will see.
According to Celente, the U.S. financial markets collapsed in March 2009, but have been propped up by massive monetary infusions from the government and Federal Reserve. He notes that absolutely nothing has been fixed by these actions. The financial props will soon be gone and the commercial real estate market may be the next to go. One of the most important conversations they have is about Goldman Sachs‘ criminal activity. Goldman Sachs is a thoroughly Jewish investment bank which takes part in an enormous amount of market theft. It has now been officially reported that Goldman Sachs was “shorting” the housing market while steering customers to invest in it. They were telling their customers to invest in the housing market and at the same time betting against it. Celente believes this action served to destroy their competition and consolidate banking power, which I have said since the banking collapse first happened. They discuss Fannie Mae and Freddie Mac, now receiving unlimited funds to prop up the housing market while the executives get bonuses.
Gerald Celente believes there will be a larger economic collapse in 2010, or the years following. This he mainly attributes to a coming currency crisis in which the world is looking to divest out of the dollar, while at the same time we are forcing ourselves to print more of them, therefore resulting in an inflationary depression. Because of this he is very bullish on gold prices and other commodities which will likely increase in value. One of his biggest fears is that when a collapse does happen, the banks may be forced to call a “bank holiday” in which people will not have access to their money. Despite the details he is sure of one thing; the dollar will go through an intense devaluation. On the topic of unemployment they discuss the government’s fudging of the official numbers. America now has 20% real unemployment. The only jobs being created are poor at best. College graduates can’t get good jobs, mainly due to their worthless degrees.
Many things, including the federal student loan program, have enabled massive numbers of young Americans to flood our universities, thereby ensuring the dumbing-down of our higher education. It has also opened up the gates for illegal and non-white immigrants to fill the job gap left by college-bound American kids. It is intuitive that universities are experiencing large profits from the student loan program and cannot afford to fail a certain percentage of their students. So, since everybody goes to college, and almost everyone must pass the curriculum, that means the material must be dumbed-down to allow this. In turn the quality of education, our manufacturing base, and our kids all suffer greatly. A bachelor’s degree is now beginning to be worth about as much as a high school diploma used to be. We have hundreds of thousands of college graduates going nowhere, and many of them are in debt up to their eyeballs.
Due to all of these circumstances Celente believes a 2nd American Revolution will come, although possibly peaceful in nature. But, I’m not so sure this can be achieved. Banking executives like Goldman’s Lloyd Blankfein are in the process of looting the American economy because they know they’re in trouble. Many still cannot gage the anger brewing among average Americans. One of the more positive things going on right now is the amount of information available on the Internet, and this is fueling the resistance. We continue to see the emergence of new information and news outlets online, which is the Jews’ worst nightmare. In response, a program of net neutrality is being proposed for Australia which mimics the Internet censorship that has been enacted in China. American Jews will continue to spearhead the movement for Internet censorship here as well. After all, the only way they can win is if the U.S. population remains under the influence of the mass media.
In the second video, Celente continues his same tone. He is predicting the greatest depression the world has ever seen in 2012. The more independent countries who have economies based on production and low debt will be the best off during this depression, which is why we have always believed an economy should be based on labor, production, and low/no debt. The Jews and globalists have tried to destroy independence and nationalism. The U.S. economy is 70% consumer spending and will be the greatest affected. Celente believes anti-immigrant and protectionist views will become more mainstream as a result of the depression. I contend that the situation will not be helped with the Western-subsidized population boom of the third world. Self sustainability is key. Anti-globalization is becoming more popular. It is a myth that we need a global economy. We can only hope that a massive economic crisis will start to lead us down the right path once again.
The article below touches on something I have believed for a long time; mainly that when modern society removes the pressures of Natural Selection from a population, then the health of that population suffers. But, as the article ignores, the current interruption in Natural Selection has affected far more than just our disease rates.
Genetics and the process of evolution can be beneficially used by humans to create a healthier society, if a nation possesses the will to do so. But, with the modern practices of Social Communism being forced upon our countries by the media and government, we are actually observing just the opposite. In fact, these egalitarian policies serve to destroy the most healthy, capable, and intelligent of all citizens, while allowing and subsidizing the degenerates among us to procreate at astronomical levels.
Below is a very simple, short video explaining the methods of money creation and destruction in our economy. Please watch it closely in order to understand what I am about to write.
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