Tuesday, 23 May 2017

The US depends on Saudi Arabia for survival

The US depends on Saudi Arabia


If Arabia accepts Euros (like Saddam), or gold (like Muammar) for oil, the US would go bankrupt.

How does that work?

If another country needs to purchase oil they can only do so with US dollars (petrodollars).

That means that they have to produce something for the supermarket shelves or arms industry in the US in order to obtain US currency. This is often done below cost due to competition from other countries who also need US dollars for oil purchases and international trade.

Now, should there be no need for US currency for oil purchases the demand for dollars will disappear meaning:
  • Anyone with USD will be scrambling to purchase anything that can be bought with USDs leading to massive inflation in the US
  • Items on store shelves that were previously paid for with "paper" will now be unobtainable, or at least at a fair price
  • The US will be denied their usual way of paying for imports and will thus suffer from a balance of payment deficit leading to further declines in the dollar exchange rate
  • Prices of imported items will increase as a result of the declining exchange rate
  • Assets in the US will become available to foreigners at bargain prices
How much longer can the Bretton Woods USD hegemony survive?

Sunday, 21 May 2017

Recessions accelerate dispossession

Recessions accelerate dispossession

We need to grasp that recessions are a totally artificial manipulation of currency credit to cause bankruptcies and dispossession of property and enslavement of labour



It is our duty to free ourselves

It is our duty to free ourselves


If a soldier is imprisoned by the enemy, don’t we consider it his duty to escape?. . .If we value the freedom of mind and soul, if we’re partisans of liberty, then it’s our plain duty to escape, and to take as many people with us as we can!”
― J.R.R. Tolkien


Do not use this money to pile up needless junk you don’t need. Use it to build your catapult. The one which will launch you over the walls of the corporate prison. Money gives you leverage. Build enough leverage, and you can pretty much do whatever you want all the time.





Sunday, 14 May 2017

Living tax free

As long as we a taxed, we are not free.
This site will demonstrate how to have good governance without tax.
Consider that before:
  • 1973 government paid no interest (currently the largest expense in the budget)
  • 1914 we paid no income tax