The Hebrew word Shemitah means to drop. In ancient Sumer and Babylon debts were periodically cancelled by the King. The reasoning was that the King needed an army to defend his kingdom. Unarmed debt slaves were of no use in battle.
Catherine Austin Fitts said 2015 will be a violent and volatile year. She is cautiously optimistic about 2015 compared to others except that she does see the potential for war. She sees severe problems after 2015.
I disagree. I see far more violence in the Central Banks and in the markets than I do on the flashpoints of the Ukraine and the ever expanding Israeli border. The Eurogroup chief whispered to Greek FinMin’s ear “You just killed the Troika” and then Varoufakis replied with a simple “WOW!”
Every dollar in new debt adds just 3 cents to America’s GDP. Does that mean that we can increase our GDP by a trillion dollars if we raise the US national debt from $18 trillion to $51 trillion?
The two most interesting stories of the past 10 days were the Je Suis Charlie Stupid rallies and the Swiss National Bank’s admission that they were wrong to defend the euro.
The Federal Reserve has announced the end of Quantitative Easing 3. QE is an unconventional monetary policy in which a central bank purchases government securities or other securities from the market in order to lower interest rates and increase the money supply.
The government originally said that the US economy as measured by the GDP shrank at 0.1% in the first quarter of 2014. And that was due to abnormally cold weather probably because Global Warming had been hiding at the bottom of the oceans. Now we are told the US economy actually contracted at 2.9%. This is starting to sound serious. Maybe we can coax that Global Warming to rise up out of the oceans. But Dr John Williams at Shadow Stats keeps much more reliable statistics on the cost of living and inflation.
The government originally said that the US economy as measured by the GDP shrank at 0.1% in the first quarter of 2014. And that was due to abnormally cold weather probably because Global Warming had been hiding at the bottom of the oceans. Now we are told the US economy actually contracted at 2.9%. This is starting to sound serious. Maybe we can coax that Global Warming to rise up out of the oceans. But Dr John Williams at Shadow Stats keeps much more reliable statistics on the cost of living and inflation.
The best video or article on money is the one people understand. This short video is from England where they call a non-interest bearing currency Positive Money instead of Greenbacks. Back in the 1930s Irving Fisher had similar ideas called the Chicago Plan and wrote a book entitled 100% Money. Please watch this video.
The best video or article on money is the one people understand. This short video is from England where they call a non-interest bearing currency Positive Money instead of Greenbacks. Back in the 1930s Irving Fisher had similar ideas called the Chicago Plan and wrote a book entitled 100% Money. Please watch this video.
Zero Hedge had an article the other day on the decline of the middle class. I would like to include in my discussion the working class because America used to have a skilled work force that was as highly paid as many members of the middle class.
I have dedicated myself to preventing World War III and to the abolition of poverty for the working poor. Today I will address the latter though I believe it will form the basis of saying No to war. Frankly, Americans have the lost the ability to say No to Wall Street and to wars for Israel.
