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Golem and Sturdy Strike Again. How to destroy the web of Debt

These two Blogs have pointed me at various very informative and enlightening information and some of it probably I would count as Knowledge.

How to destroy the web of Debt

Here's a question for you. Why have we heard nothing in the media or parliament about A People's or a Sovereign Debt Jubilee? Is it because a People's Debt Jubilee is simply a nice but unworkable fantasy dreamt up by crackpot bloggers like me?

This is my Comment on Golems Bank Holiday Blockbuster the comments thread is nothing short of enriching ( excuse me whilst I gush like a Schoolgirl with a crush ) but I have a Crush on Golems and Guidos Blogs. Its nice to feel so young again.

fitzy103 said...
I think this is the cirlce of debt...

1. “Spain is not Greece.”Elena Salgado, Spanish Finance minister, Feb. 2010

2. “Portugal is not Greece.” The Economist, 22nd April 2010.

3. “Ireland is not in ‘Greek Territory.’”Irish Finance Minister Brian Lenihan.

4. “Greece is not Ireland.”George Papaconstantinou, Greek Finance minister, 8th November, 2010.

5. “Spain is neither Ireland nor Portugal.”Elena Salgado, Spanish Finance minister, 16 November 2010.

6. “Neither Spain nor Portugal is Ireland.”Angel Gurria, Secretary-general OECD, 18th November, 2010

If you understand this lot, you havent been paying attention...
31 May 2011 18:49

First Fitzy I am chuckling away even as I write this that's a slam dunk very very funny.

On the debt cancellation It seems to me that it would work perfectly well as would the point that if any holders of deposits wish them recognised in a reconstructed economic system they would have top be brought on shore and properly taxed before being credited into the new Money.

Guidos analysis of the interdependencies and exponentialities of the Fiat Money Dollar backed
Global economy is spot on and I fear Guido is also correct that War is the preferred
method of getting the genie back in the bottle in the event of revolting plebs.

The War of Terror is a war on Islamic Finance Laws, Iraq Libya and Iran all point to this as Ellen Brown writes so persuasively. Pakistan and Afganistan are very good for destabalising the borders of China and India both of which Countries are theatening the Petro Dollar Hedgemony.

I Think that Carbon Trading might be some sort of precursor to enhancing the Petro Dollar from another angle. CO2 is a busted Flush in my opinion in Climate Science it os one part of a very complex dynamic system and Tied up in isses of Peak Oil, notions of Black Gold and the suppression of alternative energy technologies, Food and Energy are other areas that have become highly concentrated and dependancies built into the system the Corporate Fascism we are subjected to now is very much tied into the equation.

US Dollar = DBFM = Global reserve currency = PetroDollar

Peak oil = Petrodollar collapse = Global reserve currency shock = Debt based money disillusionment = Dollar extinction (hyperinflation)

Peak Oil ( Limit approaching zero substitute Carbon Trading) = another throw of the dice for the current system.

US Dollar = DBFM = Global reserve currency = PetroDollar

Alternative energy, New Economic Paradigm?

Is there a revolution / 21st Century Renaissance or do we descend into a sort of 4th Reich Dystopian slavery.
One final point on Money, I am studying Unto this last John Ruskin presently and He has this to say about what we think we know about money. 
  Pardon me. Men of business do indeed know how they themselves
made their money, or how, on occasion, they lost it. Playing a
long-practised game, they are familiar with the chances of its
cards, and can rightly explain their losses and gains. But they
neither know who keeps the bank of the gambling-house, nor what
other games may be played with the same cards, nor what other
losses and gains, far away among the dark streets, are
essentially, though invisibly, dependent on theirs in the lighted
rooms. They have learned a few, and only a few, of the laws of
mercantile economy; but not one of those of political economy.

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