I have written before that the only way out of the Depression we are entering is to arrest the Bankers and to seize their assets for worldwide Debt Cancellation. Today I want to write about the Day After the Bankers are arrested.
Currently, if you pay a fee to the NYSE, you can put your high speed computer ahead of everyone else’s so you can front run their purchases and sales. Suppose a pension money fund wants to sell 100,000 shares of XYZ and your neighbor has money in a mutual fund that has decided to buy that same stock. Front Runners can take $100 million a day from your pensions and mutual funds by seeing the buy and sell orders placed and stepping in micro seconds before their orders are executed. The Front Runner buys 100,000 shares of XYZ and sells it a fraction of a second later at a profit. These profits are taken from both the buyer and the seller.
The stock market is open roughly 241 days a year as it closes on weekends and public holidays. At $100 million a day, that is $2.41 trillion a year and over $19 trillion during the 8 years of the Bush admin and and another $19 trillion under Obama provided he finishes his second term. Think of Front Running as a $38 trillion tax the elite have placed on America.
You can also think of the $8.5 trillion dollars missing from the Pentagon as another tax. Dare to think of the illegal drug trade and its crime and overdoses destroying American families and cities as a tax upon the working and middle classes to support the Uber Rich. The Bankers launder a trillion dollars a year in illegal drug and weapons money. And they launder $500 billion dollars a year in political bribes to subvert our governments guaranteeing the politicians ignore certain issues.
These issues have been discussed in the press but the Corporate Media and the politicians cannot be bothered to take action. We are not allowed to seriously audit the books to prevent the theft of trillions of dollars in public spending from the Pentagon, Housing and other public agencies. Nor are we allowed to say No to Front Running.
We have trillions of dollars in assets but men with far less money are allowed to conspire to rob us blind. My suggestion is that we get direct control over our assets through co-operative trusts. Instead of promising to pay us a pension at some future date, we would be paid today the present value of that pension we were promised to collect in 30 years. We have seen too many private pensions robbed by corporate raiders and too many public employee pensions looted by politicians and judges in bankruptcy courts.
An added benefit would be that charlatan politicians who wanted to tax pensions would be soundly rebuked by the working class which under present circumstances all too often succumbs to faulty logic.
Stock brokers have other practices like churning that deplete our accounts. Co-operative trust could eliminate these practices. Two independent auditing agencies – one from the federal government and another hired by the trusts – could compete against each other to guarantee honesty.
Co-operative trusts could also function as credit unions and issue credit cards to make money which could supplement retirement incomes.
Several indicators are flashing that a Depression is coming. One is that we have accumulated more Unpayable Debts than at anytime in history. A Depression is a period in time when Unpayable Debts are cancelled en masse. That aspect of a Depression is most painlessly undone by Debt Cancellation. I have explained that before and will do so again at the end of this article. Another flashing indicator for a looming Depression is our drastically declining Velocity of Money. Velocity tells us how often money turns over in the space of a year. We are at rock bottom lows. We can safely say that part of this is due to the mountain of Unpayable Debts that burden us.
But there is another reason that we are not turning over our money and enriching everyone along the way who is touched by it. In the old days America used to have many more manufacturing plants. When a small town gets a new plant, it has to be built and equipment has to be ordered. Supplies have to be ordered. All of those people in that long chain of events either get commissions or hourly wages. The reverse has been true of America for the past 20 years.
NAFTA (North American Free Trade Act) has been around for 20 years. It has closed 57,000 manufacturing plants and sent millions of jobs overseas. Since NAFTA politicians have added 55 million people to America’s population through legal and illegal immigration. College graduates are burdened with more than a trillion dollars in student loans. Millions of college grads are working as waitresses, bar tenders and other positions that do not match their education. The loss of manufacturing has reduced Velocity or Turnover. Even if we had worldwide Debt Cancellation, the Real Economy in America would not bounce back automatically. We need millions of real manufacturing jobs.
We also need to do away with federal and state regulations designed to put small business men and women into bankruptcy.
25 million Americans work for the federal, state and local governments if you count contractors. Government workers outside of prisons do not make products we consume. 97% of the paint made in America is manufactured by prison labor. We need to understand that adding people to the government payroll only cuts the multiplier effect of lost manufacturing jobs. Not all jobs are equal.
I would suggest that we get control of the Secret government and force them to divulge their scientific secrets like Tesla technology and batteries 20 years ahead of anything we have. I would be very much interested in that Universal Vaccine that makes our bodies work better.
I would license these patents to new companies. I would give all the shares to people who might not retire for 20 or so years. I would have the successor to the Federal Reserve give these new corporations billion dollar plus loans at near zero interest. Their stocks would soar in value and take the rest of the economy with them. The alternative is that we allow the present government to continue in power so 40 million Americans can starve to death after they discover Wall Street stole their pensions.
Leon Walras (pronounced Valras) created an alternative to classical economics, Keynes, the monetarists and the Marxists. He based his analysis on the real economy. A Walrasian would note by empirical observation that the outputs of one industry (coal and iron) become the inputs of the steel makers. And their production goes into cars, washing machines and bridges and other products. Wassily Leontief did an in depth analysis of the American economy. One of his conclusions was that American skilled labor took natural resources and added value. Leontief won the Nobel Prize for economics in 1973. He concluded that American wages were high due to their skill and to their ability to extract resources domestically.
Economists who studied Leontief’s analysis of the real American economy. They concluded that if American had to import resources, then wages would have to be cut. American productivity has risen steadily since WW II. Wages and productivity both went up until 1970. After that wages stagnated and have actually declined in real terms. Why? Because after the US reached a population of 150 million Americans had to import more and more natural resources.
Wall Street was never concerned with the real economy and increasing real wages. Their goal seems to have been to reduce everyone in the world (including Americans) to Debt Slavery. As I said before, 57,000 manufacturing plants were closed while we shipping millions of jobs overseas and adding 55 million immigrants. Hewlett Packard is laying off workers while asking for for Green Card immigrants to come work for them so they can lay off more Native Born workers.
The Lesson here is that we should not increase immigration unless we want to lower wages or want to have Nationwide Food Riots and a Race War when the Dollar Dies.
The US has collapsing bridges, bad roads and crumbling infrastructure. We can’t even maintain the public works that manage our water resources and sewers. The USA is seriously in danger of becoming a Third World nation. I would suggest that we need a non-interest bearing currency like Lincoln’s Greenbacks. We also need to end fractional reserve banking. I would use newly created money to fund a couple hundred billion dollars a year in repairing old infrastructure or building new. In America that would be done through the 50 states. It would create millions of high paying jobs.
These are some of the ideas we will need to work on after the Bankers are arrested and their assets are seized to fund Debt Cancellation.
In 1933 we cancelled debts in America through foreclosures and bankruptcies. That did not work out well as 3 million Americans starved to death in the 1930s.
Since Bankers only allow us to have Debt Based money we can only have money after either we or our government has gone to a Bank and asked for a loan. The Banks create money out of nothing and charge us interest. When loans are either repaid or discharged through bankruptcy, our money supply contracts. The longest Depression in modern history was in the 19th century and was originally called the Great Contraction. This suggested to the observer that we needed to create non-interest bearing currencies like Lincoln’s Greenbacks. That is why economists were persuaded to change the name from the Great Contraction to the Long Depression.
Alternatively, we could cancel debts through Hyperinflation as Germany did in 1923. But that did not work out well either.
The better solution is to cancel debts through government action as first discovered by the kings of ancient Sumer and then Babylon. As I have said before, we need to fund Debt Cancellation by arresting the Bankers and seizing their assets.
You can read more details about that here:
Debt Cancellation Is The Best Way To Take Down Bilderberg
https://vidrebel.wordpress.com/2015/04/07/debt-cancellation-is-the-best-way-to-take-down-bilderberg/
Two IMF economists studied the Chicago Plan which is what I am endorsing. They said it would work. You can read about it here:
IMF Economists: ‘We Were Wrong.’ Will Someone Please Tell The Press And The Politicians.
If you have any friends or relatives who think Israel is an American ally, please share this with them:
Resurrecting Israel Did 911. All the Proof In The World
https://vidrebel.wordpress.com/2013/09/16/resurrecting-israel-did-911-all-the-proof-in-the-world/
I wrote this a few years ago. It is still true today of the Israeli leadership:
Zionist Pre-Traumatic Stress Disorder: A Fatal But Treatable Social Disease
“These issues have been discussed in the press but the Corporate Media and the politicians cannot be bothered to take action.”
Not so much “cannot be bothered” as “won’t shoot themselves in the foot”.
“Several indicators are flashing that a Depression is coming.”
Before or after the revolution?
Besides, define “Depression”. Is it any different than what we’re currently experiencing?