muses of the moment

May 30, 2012

Truth not allowed in ears of US representatives

Bill Black is “dis-invited” to testify before Congress about the Derivative Situation.

Click here.

One of the few men in this country that has the experience and knowledge to educate Congress on the derivative or instrument of mass financial destruction and the major consequences of national banking crises, and they do not want him to speak. But Corzine and Dimon are called to spew b*ll-sh*t in the hallow halls of this Republic every time their actions cause a crisis?

And there you go, further evidence that those in power do not want to hear the truth, let alone fix the problem. Do not expect a solution from government.

You are on your own. Make sure you are protecting your financial investments from the stupidity of our elected officials and their lackeys.

It is not that important that a great leader be exceedingly wise in every subject and detail, but that he/she know enough to be able to discern truth from fiction and expert from novice and honesty from lies. With true discernment, a leader will gather the best and brightest of the age around him/her (and, of course, listen to their advice) and thus retain leadership through trust, not force or propaganda.

totallygroovygirlfriday

Side musing: As I have stated before, it is groovygirl’s (completely unprofessional) opinion that the shadow banking system, and its “currency”, the derivative, is being used as the plug for the global debt implosion. It is gg’s opinion as well, that the “hyperinflation in a currency” that we are looking for is occurring in the shadow banking system and will implode there (effecting the real markets outward). (MF Global is just a small taste). Derivatives will not be curbed or dismantled. They will continue just as the are, because they are the current “currency” weapon against the global debt implosion: an exponential function or “hockey stick”.

Derivatives make the non-interest loans from the Fed and currency swaps multiplied upon themselves. And that is the massive amounts of credit needed to defuse the next global debt crisis. Straight money printing is not enough anymore. But at some point, even derivatives will not work anymore. That is the nature of the exponential function in real terms. It must collapse upon itself at some point.

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3 Comments »

  1. Everyone in Congress KNOWS what is happening and what is going to happen. This is why all of these laws are being passed. This is why those in power WANT Drone Aircraft flying over their state. They know there is going to be bedlam. Why would they want anyone to even think about the derivatives market? How do you think these congressmen and senators get funding for them to stay in power? From the banks and banksters. Why call them out. It would be like cutting off your nose to spite your face!

    Comment by MikePhila — May 30, 2012 @ 2:13 pm

  2. It will be interesting to watch the flight path of those drones when the controllers realize that they are not going to be paid.

    Comment by Lore — May 30, 2012 @ 7:52 pm

  3. Haha … But with all dictatorships, the military always gets paid. They will fly until the checks stop coming or become worthless.

    Funny thought, State Police used to use airplanes back in the 60s-90s to track speeders on highways. Somehow though I think drones are a bit overkill for speeders.

    Comment by MikePhila — May 31, 2012 @ 9:18 am


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