When the bullshit is all over....

We will need to re-establish some form of sanity in our monetary system. Here's an interesting piece, which yes, I know it's very "American" but the same arsepartery that has wrecked the US economy has happened here too:

Silver money for Americans
(silverseek.com)
By: Hugo Salinas Price

I think that my readers will agree that there is a desperate need for some fresh thinking about money in the U.S.

Many respected analysts worry that the expected action by the Fed to apply a new bout of QE after the coming elections is fraught with danger.

Fiat money in the US is in an advanced stage of decomposition and when money rots, the whole social, economic and political structure of the nation rots with it. A return to sound money is urgent. More and more people are aware of the perilous road ahead if nothing is done.

The problems facing the US are so gigantic in nature, that an all-round solution to them is impossible when analyzed in practical terms. A return to sound money is a return to gold and silver as currency. Gold is outstanding as money – but how to realize that goal? Silver is great for popular use – but again, how to regain it?

The only way open to regain a sound footing of real money for the US economy must be by establishing a process through which there will be a gradual and natural return to sound money. It is impossible to reform or improve the present monetary system of the US any other way.

The US abandoned sound money in a series of gradual steps; the first metal out of the monetary system was gold, in 1933; the second metal out of the system was silver, in 1965. The return to sound money would follow those steps, in inverse order: silver would return first, because silver has always been the money of the people; gold would return last, silver having opened the way.

Why did silver coinage disappear from circulation in America?  It disappeared because the dollar price of silver rose to a point, back in 1965, where the value of the silver in the silver coin was superior to the value of the coin itself. The result was that most silver coinage was melted down into bullion, which had a value greater than the monetary value of the melted coins. On October 20 a silver dime contained silver worth $1.72! (www.coinflation.com) Dollar inflation caused by expansion of the fiat money supply and expanding credit drove up the price of silver and thus drove silver coinage out of circulation.

The gradual return of silver money to circulation in America

In today’s world, a world where the Fed is probably going to print another huge amount of money out of nothing by “QE2”, explicitly in order to cause the American people to have inflationary expectations, is it possible to think of silver money returning to circulation in America?

The answer is “Yes”! But, it must be done by a new method. This new method will operate gradually by introducing silver money into circulation in parallel with the present monetary system of “fiat” paper bills and digital currency.

In recent years, others have attempted to restore silver money to the US economy. However, these well-meaning attempts have not been well thought out and have failed. You will recall that not long ago, Von Notthaus got into trouble with the Feds due to his misguided work.

Private attempts to restore silver to circulation as money must necessarily fail. Money is an extremely sensitive matter and only the cooperation of government can allow any reform to the monetary system.

The powers that be in the US Government must recognize at some point that it is indispensable to the health and continuing existence of the US as we have known it, to restore silver coin into circulation. At present, its policy is to ignore public discontent; the results of the coming elections will probably do little to change its policy. The discontent of the American people will increase until the government hears the rumble of distant drums. Perhaps then, it will be willing to turn to silver, to appease the population.

Silver money can indeed be restored to circulation in the US, but it must be by a new method. Anything new in monetary affairs must always be suspect and must face an initial opposition. However, we are forced to resort to a new method because the conditions are new: inflation of the money supply and unlimited expansion of credit are new conditions which silver coinage, as it has been created for centuries, has never before faced.

A new method for monetizing silver

Silver went out of circulation because the monetary value of silver coins was engraved upon them. When the market price of silver rose, and the value engraved upon the coins was left behind and below the value of the silver in the coins, the coins became more valuable as bullion than as coins. The coins were melted down. The silver coinage disappeared.

This gives us the clue to restoring silver into circulation: eliminate the engraved value.

In this case, what would be the monetary value of a silver coin with no engraved value?

The answer is that – like a stock – its value would be a quoted value; however, unlike a stock, the quote would not be a market quote but a quote coming from the Treasury.

The legal tender monetary value of the silver coin quoted by the Treasury would take the place of an engraved value. This monetary value would be increased to meet rises in the price of silver, but remain stable at its last quote, during falls in the price of silver.

Stocks prices fluctuate, but the monetary value of a silver coin cannot be allowed to fluctuate, because money must have a stable value. A silver coin, whose quoted monetary value goes up and down, remains a commodity. It cannot be used as money. The Treasury must issue a stable quote for the monetary value of the silver coin with no engraved value.

This Treasury quote of the monetary value of this silver coin must always be superior, albeit by a small amount, to the market price of the silver contained in the silver coin. The difference between the market price of the silver in the coin, and the monetary quote issued by the Treasury, would result in a small profit for the Treasury, classically called “seigniorage”. Since the quoted monetary value of the silver coins would be slightly higher than the value of the silver contained in the coins, there would be no profit in melting them down. They would remain in circulation permanently.

We have ruined our economy with credit. The reason for this is the easy ability to create paper money, or today a new row of zeros on a hard drive. This is fine for the high flying and powerful, but -look around yourself - for the average bloke or gal on the street. 

Mass personal credit was impossible until the silver was removed from our coinage. In 1919, one shilling was 90/100ths silver, reduced in 1920 to 50/100ths, and even then, because silver cannot be "made", there was still not enough in circulation to have Credit Cards, personal loans and buy now pay in three years for the toiling masses.

For the same reason, welfare and general spending was controlled -  there was a NATIONAL INSURANCE FUND for example, wherein only what was paid in could be paid out (the failure of the fund was in it's organization, not a "fund" as an idea).

There was little inflation - and what there was was gentle, and often temporary - the price of silver and gold being a fixed amount. A shilling in 1750 bought more or less the same amount of goods - or more - in 1900.

The last sixty years have been a purposefully created fantasy, wherein the great mass of people were blinded and entranced with easy credit and toys. When the dust finally settles, we will have to rebuild our system of life, to return it to sanity. Paper money (and it's electronic equivalent cannot be trusted.

 

Stable coinage disbars governments from borrowing and then repaying debt by printing bank notes and enslaving the the people to the Rothschilds and friends for schemes and dreams of whatever gang of cranks oddballs and freaks control the Exchequer.

Stable money is vital to enable saving towards the bad times and toward retirement & old age. Allowing inflation is theft from the working people. 

These sites may be a bit of an eyeopener, have a play and read....


This will allow you to see the collapse in the value of your money:
http://www.measuringworth.com/ukcompare/

Inflation figures from 1270 - 2009 for the UK,  the lunacy of the modern era starts in 1914 when gold was removed from circulation, never to come back  :
http://www.measuringworth.com/inflation/

IMF fears 'social explosion' from world jobs crisis - Telegraph

Oh dear. 

To be on the safe side: buy some canned food, perhaps some method of cooking it (say a petrol stove), and something like a machete to defend yourself with. If you live in the US, you've probably done this if you're reading this blog. 

Daily Mail

We're reaching the end of the organised asset strip of the Western nations. The disintegration is happening. And right to the final crashing end, the gang of traitors will tell us that everything will be fine, we'll get back on track etc. That's as the £ loses value for trading with, and we see inflation eating away at the value of our money, the country is being filled to the neck with Islamists, Africans and other legal and illegal immigrants. 

There can be no recovery, because there is no manufacturing base left. There can be no recovery because the government has handed absolute control of the economy of Britain to the global International Finance capitalists. There can be no recovery because the most important enterprises in the British economy - the utilities - are in the hands of - well, who? Certainly not anyone in Britain, for sure.


We're in trouble. The politicians will do nothing, except increase the liberal-fascist-communist dictatorship, to control the social discontent, until they can cut and run.

IMF fears 'social explosion' from world jobs crisis

America and Europe face the worst jobs crisis since the 1930s and risk "an explosion of social unrest" unless they tread carefully, the International Monetary Fund has warned.

"The labour market is in dire straits. The Great Recession has left behind a waste land of unemployment," said Dominique Strauss-Kahn, the IMF's chief, at an Oslo jobs summit with the International Labour Federation (ILO).

He said a double-dip recession remains unlikely but stressed that the world has not yet escaped a deeper social crisis. He called it a grave error to think the West was safe again after teetering so close to the abyss last year. "We are not safe," he said.

A joint IMF-ILO report said 30m jobs had been lost since the crisis, three quarters in richer 


Oh dear. 
To be on the safe side: buy some canned food, perhaps some method of cooking it (say a petrol stove), and something like a machete to defend yourself with. If you live in the US, you've probably done this if you're reading this blog. economies. Global unemployment has reached 210m. "The Great Recession has left gaping wounds. High and long-lasting unemployment represents a risk to the stability of existing democracies," it said.

The study cited evidence that victims of recession in their early twenties suffer lifetime damage and lose faith in public institutions. A new twist is an apparent decline in the "employment intensity of growth" as rebounding output requires fewer extra workers. As such, it may be hard to re-absorb those laid off even if recovery gathers pace. The world must create 45m jobs a year for the next decade just to tread water.

Olivier Blanchard, the IMF's chief economist, said the percentage of workers laid off for long stints has been rising with each downturn for decades but the figures have surged this time.

"Long-term unemployment is alarmingly high: in the US, half the unemployed have been out of work for over six months, something we have not seen since the Great Depression," he said.

Spain has seen the biggest shock, with unemployment near 20pc. Britain's rate has risen from 5.3pc to 7.8pc over the last two years, a slightly better record than the OECD average. This contrasts with the 1970s and early 1980s when Britain was notoriously worse. UK jobless today totals 2.48m.

Mr Blanchard called for extra monetary stimulus as the first line of defence if "downside risks to growth materialise", but said authorities should not rule out another fiscal boost, despite de


Oh dear. 
To be on the safe side: buy some canned food, perhaps some method of cooking it (say a petrol stove), and something like a machete to defend yourself with. If you live in the US, you've probably done this if you're reading this blog. bt worries. "If fiscal stimulus helps avoid structural unemployment, it may actually pay for itself," he said.

"Most advanced countries should not tighten fiscal policies before 2011: tightening sooner could undermine recovery," said the report, rebuking Britain's Coalition, Germany's austerity hawks, and US Republicans. Under French socialist Strauss-Kahn, the IMF has assumed a Keynesian flavour.

The report skirts the contentious issue of whether globalisation lets companies engage in "labour arbitrage", locating plant in low-wage economies such as China to ship products back to the West. Nor does it grapple with the trade distortions caused by China's currency policy, except to call on "surplus countries" to play their part in rebalancing.

The IMF said there may be a link between rising inequality within Western economies and deflating demand.

Historians say the last time that the wealth gap reached such skewed extremes was in 1928-1929. Some argue that wealth concentration may cause investment to outstrip demand, leading to over-capacity. This can trap the world in a slump.

IMF fears 'social explosion' from world jobs crisis - Telegraph

Food inflation is the harbinger of the future. It's going to be worse than most can imagine.

Comment.

They have really screwed us.

They?

Not the Moslems, they're just a nasty symptom of our present precarious state, like pissing razor blades when you have Syphilis.

"They" are the greasy scum, the lick-spittles and lackeys of the Rothschild  collective and their friends in the City of London. They are at this present time pillaging the very last few assets from the UK before it's Goodnight Vienna for the British people.

The British economy will not recover. There is nothing to recover.

Keynesian will not help us: there are no factories, workshops and production facilities to revitalise. There are no coal mines, no fishing fleet, no clothing workers desperate to see the warehouses emptied by horny handed sons of toil, ready to fill again with the produce of their labours.

Our former public industries, the utilities especially, are owned not by either the scientific technocracy Whitehall or the half-arsed bumbling local council, as in years gone by, but by faceless globalistic corporations, who rightly perceive Britain as a savage barbarian views a woman - fit to raped.

And it's all a real honest  and true conspiracy (click for PDF download ), carried to fruition.

The jump, from 1.7 per cent in June, is likely if global food commodity prices continue to rise, said Simon Ward, chief economist at Henderson.

Rising food costs could have the effect of pushing up the consumer prices index (CPI), the official measure of inflation, to 4 per cent – double the Bank of England's 2 per cent target, warned Mr Ward. 

The impact on household budgets could even persuade the Coalition to cancel its planned rise in VAT, he added.

"Such an increase [in food prices] would hit consumer spending and recovery prospects and could destabilise inflationary expectations," said Mr Ward.

"This could warrant postponing or cancelling the coming VAT hike."

The Food and Agriculture Organisation food index, which measures prices of meat, dairy products, cereals, oils and fats, and sugar on a monthly basis, rose by an annual 22 per cent in August, the fastest rate since September 2008.

Food prices have increased further in September, Mr Ward said.

According to the British Retail Consortium, wheat prices alone have risen by 60 per cent over the past 12 months following crop failures in Russia and its subsequent ban on exports.

That has had a direct impact on the prices of foods containing wheat, but also on the cost of animal feed which in turn is pushing up meat prices.

Simon Hayes, an economist at Barclays Capital, said that rising food prices were a reminder that Britain's "inflation problem has not gone away".

He forecast that official figures to be released on Tuesday would show that the CPI rose to 3.2 per cent in August, from 3.1 per cent in July. 

11th September 2010 Telegraph (UK)

NB: 
Are all Jews part of a global network conspiring to destroy the world? 
No. 
Are there a tightly knit gang of Zionist communists controlling the financial system to their own benefit, using their collective religious affiliation, supported by whole host of useful idiots, such as other Jews, Christian Zionists, socialists, liberals,  and other foolish types? 
Yes.
But surely they couldn't do it on their own, could they? Right : the same forces behind finance are behind the Vatican, UN, EU, World Bank, Communism, Fascism.... the Synagogue of Satan (click the word link ---> link)...