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Post by magellan on Feb 10, 2013 3:14:46 GMT
(Karlos - this is a tinfoil hat story) Talking of the Federal Reserve - it is interesting to see the results of the google search: sinking titanic Morgan "Federal Reserve" Had the Titanic not sunk - it is possible that the Fed may not have been born. I must say that's a new one to me. Did they ever find the stolen photographs of Bush planting the explosives in towers #1 & 7? www.godlikeproductions.com/forum1/message1802085/pg1In 1898 a man named Morgan Robertson penned a book titled "Wreck of the Titan" about a luxury liner deemed unsinkable that was going too fast in the North Atlantic in April and hit and iceberg killing most everyone on board due to lack of lifeboats.
14 years later this fictional book would play out in real life exactly down to the name, with the wreck of the Titanic; but this time it would have major political implications. Some of the wealthiest men in the world were on that ship and some were opposed to the Federal Reserve and central banks.
FACT: JP Morgan funded/built the Titanic FACT: JP Morgan was booked on the voyage but canceled at the last second. FACT: Friend of JP Morgan, Milton Hersey, also canceled at the last moment and survived to build the Hersey food empire. FACT: There were no red flares on board to signal to any boats for rescue. Only white flares that signal a party and that everything is okay. FACT: It was the first ship of its kind with the ability to seal decks electromagnetically which could also seal people below deck. FACT: The Captain Edward Smith was one of the most decorated Captains of his time and would have been totally out of character by avoiding precautions. FACT: The author of the book was poisoned to death a couple years after the Titanic sank. FACT: The Federal Reserve was formed the very next year. FACT: The Astor Family was one of the richest families in the world and John Astor III opposed the Federal Reserve.
Did JP Morgan get the idea of how to kill off the opposition to the Federal Reserve from a book written 14 years prior? This was a book titled "The Titan" published 14 years before the Titanic sank and look at the similarities.
Did they hatch a plan at Jekyll Island to build a ship to eliminate the competition?
Similarities to the Titanic
Although the novel was written before the Olympic-class Titanic had even been designed, there are some remarkable similarities between the fictional and real-life counterparts. Like the Titanic, the fictional ship sank in April in the North Atlantic, and there were not enough lifeboats for the passengers. There are also similarities between the size (800 ft long for Titan versus 882 ft 9 in long for the Titanic), speed (25 knots for Titan, 21 knots for Titanic) and life-saving equipment.
Beyond the name, the similarities between the Titanic and the fictional Titan include:
Described as "unsinkable" The Titanic was the world's largest luxury liner (882 feet, displacing 63,000 long tons), and was once described as being practically "unsinkable". The Titan was the largest craft afloat and the greatest of the works of men (800 feet, displacing 75,000 tons), and was considered "unsinkable".
Shortage of lifeboats The Titanic carried only 16 lifeboats, plus 4 Engelhardt folding lifeboats,less than half the number required for her passenger capacity of 3000. The Titan carried "as few as the law allowed", 24 lifeboats, less than half needed for her 3000 capacity.
Struck an iceberg Moving too fast at 22½ knots,the Titanic struck an iceberg on the starboard side on the night of April 14, 1912 in the North Atlantic 400 miles away from Newfoundland. Also on an April night, in the North Atlantic 400 miles from Newfoundland (Terranova), the Titan hit an iceberg while traveling at 25 knots, also on the starboard side.
Sinking The unsinkable Titanic sank, and more than half of her 2200 passengers died. The indestructible Titan also sank, more than half of her 2500 passengers drowning. Went down bow first, the Titan actually capsizing before it sank.
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Post by karlox on Feb 10, 2013 9:45:25 GMT
I think that all the fiat currencies are in free fall thanks to the bankers who have found ways of making money from currencies devaluing. Now they are all trying to out-devalue each other. Another reason that governments are sneakily trying to purloin purchase as much gold as they can. IMO the passage (some say illegally) of the 16th Amendment and subsequent passage of the Federal Reserve Act in the same year, 1913, was not coincidental. The license to grow government and expand its power exponentially was born. Nor was it by accident Roosevelt confiscated the gold in 1933 thereby abandoning the gold standard (GB did it in 1931), implementing Keynesian theory and setting up the free world for Socialism. Official elimination of the gold standard in 1971 by Nixon removed all barriers for government borrowing and spending, and since the U.S. dollar was and still is the reserve currency, the Federal Reserve can "print" as much paper as necessary for the government to borrow in order to pay its obligations. After nearly 80 years of experimenting with Socialism, even after witnessing the complete failure of it in the Soviet Union and elsewhere, now the piper must be paid. As the saying goes, sooner or later you run out of other people's money. As you say a currency war is ensuing, and if it takes hold we will see inflation like no other time in history in the Western world. It will anyway, but will be worse, and in the end Americans are going to suffer big time. Obama said we need to be more like Europe. Speaking of foreign bank bailouts and open line of credit to Europe: The Fed's Bailout Of Europe Continues With Record $237 Billion Injected Into Foreign Banks In Past Monthwww.zerohedge.com/news/2013-02-09/feds-bailout-europe-continues-record-237-billion-injected-foreign-banks-past-monthLast weekend Zero Hedge once again broke the news that just like back in June 2011, when as part of the launch of QE2 we demonstrated that all the incremental cash resulting form the $600 billion surge in the Fed's excess reserves, had gone not to domestically-chartered US banks, but to subsidiaries of foreign banks operating on US soil. To be sure, various other secondary outlets picked up on the story without proper attribution, most notably the WSJ, which cited a Stone McCarthy report adding the caveat that "interpreting the data released by the Federal Reserve is a bit challenging" and also adding the usual incorrect attempts at interpretation for why this is happening. To the contrary: interpreting the data is quite simple, which is why we made an explicit prediction: 'We urge readers to check the weekly status of the H.8 when it comes out every Friday night, and specifically line item 25 on page 18, as we have a sinking feeling that as the Fed creates $85 billion in reserves every month... it will do just one thing: hand the cash right over straight to still hopelessly insolvent European banks." So with Friday having come and gone, we did just the check we suggested. As the chart below shows, we were right. karlox, I hope you have prepared for what is coming. You seem to have a good head on your shoulders and I for one wish you and your family the best. I am not what one could define as a "prepper", but wish so. BTW, my avatar is Alfred E. Newman. Most Americans, particularly us old geezers, know who he is. "What me worry" is his motto. Not that it was as bad as my parents finding a Playboy magazine, having MAD magazines was still frowned upon. I think its safe to use Wikipedia as a reference this time. en.wikipedia.org/wiki/Alfred_E._NeumanI could perfectly identify a ´guy´ who´s my age! (Born in 55) and I associated to MAD magazine (I lived in´74 in San Marino CA) I have enjoyed reading in wiki links its history, and I guess I myself like this part: " But I want him to have this devil-may-care attitude, someone who can maintain a sense of humor while the world is collapsing around him.” I adapted and used that portrait, and that was the beginning.” Central Banks and Private Banks and State funds and Energy Suppliers Co. (such as Arab-oil money) are the only ones that truly live on a free Global World... for them. Share money among shareholders when they´ve got benefits and take money from taxpayers when in trouble, most times Big problems caused by their lack of integrity. We can remember this time crisis first came from US banks, bad mortgages, and their ability to cheat most of their own clients with very imaginative finantial products that were seed around the world and finally showed up to be poissenous... Not that US banks or rating agencies are worst than Europe´s, for instance. But this time things started there, next might happen in Europe (Germany´s Lander Banks, for instance) So as there is not any feasible way to avoid damage if either Europe, or Spain, or US crashes - here domino theory works perfectly, Mr. Kissinger- then we all fear that should be affected in different degrees and ways. Then someone realizes or thinks that for exceptional crisis WAR economy, WAR mentality, and WAR related liberty restrictions are best way to keep a nation unity... Would like to compare federal spending for social purposes during New Deal times (percentage of GDP) and current ones. Would like next to put in figures REAL US administration total spending in army, weaponery, etc throughout past 20th century and present. New types of war... I imagine China -in not so much time- competing in drone-technology and fabrication... Imagine China producing capacity on any strategic goal they might set? Somehow Ponzi schemes are like this, and a point is reached in which destroying for rebuilding is the only chance left for survival of the system. Beyond small politics and politicians that´s how our system breathes... crash, flat, war, growth, bubble, crash... like solar cycles indeed!
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Post by karlox on Feb 10, 2013 11:39:56 GMT
Trying to get original english version of this article in today´s EL PAIS sunday edittion- by J. BRADFORD DELONG. "Una economía caracterizada por el gran mal" (An economy characterized by great evil). I´ve found it of great interest and asked the paper for a link to original english version, no answer so far. Here´s link to article in EL PAIS: economia.elpais.com/economia/2013/02/08/actualidad/1360328913_618661.html
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Post by Andrew on Feb 10, 2013 12:22:20 GMT
Trying to get original english version of this article in today´s EL PAIS sunday edittion- by J. BRADFORD DELONG. "Una economía caracterizada por el gran mal" (An economy characterized by great evil). I´ve found it of great interest and asked the paper for a link to original english version, no answer so far. Here´s link to article in EL PAIS: economia.elpais.com/economia/2013/02/08/actualidad/1360328913_618661.html www.social-europe.eu/2013/02/grand-mal-economics/Ie he argues the economy has suffered a grand mal seizure (severe epileptic seizure) and needs a Keynsian response rather than austerity. And here I reflect on the 1930’s, and on how historical events recur, appearing first as tragedy and then, pace Karl Marx, as yet another tragedy. Keynes begged the policymakers of his time to ignore the “austere and puritanical souls” who argue for “what they politely call a ‘prolonged liquidation’ to put us right,” and professed that he could “not understand how universal bankruptcy can do any good or bring us nearer to prosperity.”
Today’s policymakers, so eager to draw a bold line under expansionary measures, should pause and consider the same question.
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Post by karlox on Feb 10, 2013 16:52:57 GMT
Trying to get original english version of this article in today´s EL PAIS sunday edittion- by J. BRADFORD DELONG. "Una economía caracterizada por el gran mal" (An economy characterized by great evil). I´ve found it of great interest and asked the paper for a link to original english version, no answer so far. Here´s link to article in EL PAIS: economia.elpais.com/economia/2013/02/08/actualidad/1360328913_618661.html www.social-europe.eu/2013/02/grand-mal-economics/Ie he argues the economy has suffered a grand mal seizure (severe epileptic seizure) and needs a Keynsian response rather than austerity. And here I reflect on the 1930’s, and on how historical events recur, appearing first as tragedy and then, pace Karl Marx, as yet another tragedy. Keynes begged the policymakers of his time to ignore the “austere and puritanical souls” who argue for “what they politely call a ‘prolonged liquidation’ to put us right,” and professed that he could “not understand how universal bankruptcy can do any good or bring us nearer to prosperity.”
Today’s policymakers, so eager to draw a bold line under expansionary measures, should pause and consider the same question.Thanks a lot! Have to read it again... some importants clues for current situation are somehow missing...
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Post by sigurdur on Feb 10, 2013 17:31:44 GMT
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Post by karlox on Feb 10, 2013 20:57:03 GMT
Impressed by speaker and by the situation. Our President Rajoy wouldn´t ever let himself get trapped by a situation alike, in fact he avoids press conferences unless forced abroad. Good simil with Bald Eagle´s right wing and left wing... though nothing much to do with religion in that part either. Good speech, good video. Thanks!
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Post by sigurdur on Feb 10, 2013 21:08:52 GMT
karlox: It all boils down to education, which should teach critical thinking.
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Post by Pooh on Feb 11, 2013 5:37:11 GMT
karlox: It all boils down to education, which should teach critical thinking. Bring back Shakespeare study in English Lit and require critical papers from students.
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Post by magellan on Feb 11, 2013 19:16:40 GMT
www.zerohedge.com/news/2013-02-11/guest-post-show-anyone-believes-things-are-getting-better-americaI show stuff like this to my Modern Liberal (not to be confused with Classic Liberal) friends and it goes right over their heads. It's as if they are in a trance and their only concern is people with more than they have get it taken away. They don't understand their employer, the "rich", will only become more profitable now by laying off workers instead of basing it on increasing profits and growth in order to hire more workers. I ask them how Obama (Democrats in general) demagoguing the "rich", those that invest and create jobs (their employer for example if they have a job) is going to benefit them. Nary do I get a coherent answer. Producers are now outnumbered by the non-producers, and they (the takers) actually believe it is the "rich" to blame, well Bush too. All powerful and ever more powerful government to them is our ticket to prosperity and they are completely oblivious to the storm gathering. The country is finished unless drastic measures are taken to reign in out of control government. The so called 1% (my employer) isn't the problem, it is the 536 Trillionaires in Washington and the .1% of the 1% (Federal Reserve and Central Banks) that are running us into the ground. We reap what we sow I suppose. It's so bad, the deficit is now being financed wholly by the Federal Reserve printing money. By this time next year, spending, taxes and regulations via Obamacare will render our economy impotent. We will be slaves to the lender, literally. As Obama continues to destroy the energy sector, our utility bills will continue to go up further contributing to decimating the middle class. North Dakota can't save the entire country from bankruptcy......oh wait, yes it can; turn over your profits to the rest of us. That's enough ranting for now.
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Post by sigurdur on Feb 11, 2013 19:54:41 GMT
magellan: North Dakota is actually a micro prism of what can be done.
We do what we can with the hand that we are dealt.
We still have pristine water, air etc.
And we have money in the bank.
Amazing huh?
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Post by sigurdur on Feb 11, 2013 21:37:01 GMT
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Post by magellan on Feb 12, 2013 1:12:44 GMT
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Post by karlox on Feb 12, 2013 8:45:12 GMT
Mr. Andelson made it: seemingly will get to pay -exclusively- the tithe in Madrid if EuroVegas is finally built and operational... 10% versus 45% taxes for casinos, bingo, and gambling in general... Don´t know what other enterprisers and small-medium bussiness crying for lower taxes for years think of this... It would be like a fiscal paradise within Spanish territory? Both you Sigurdur and Magellan shared this link. Please, your opinion on this part: "Here's my solution: When a person is born, give him a birth certificate, an electronic medical record, and a health savings account to which money can be contributed -- pretax -- from the time you're born 'til the time you die. When you die, you can pass it on to your family members, so that when you're 85 years old and you got six diseases, you're not trying to spend up everything. You're happy to pass it on and there's nobody talking about death panel. Number one. And also, for the people who were indigent who don't have any money we can make contributions to their HSA each month because we already have this huge pot of money. Instead of sending it to some bureaucracy, let's put it in their HSAs. Now they have some control over their own health care."
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Post by sigurdur on Feb 12, 2013 18:50:20 GMT
Karlox: The disconnect between cost and health care is well established.
One way to assure value, is to spend your OWN money.
When it is coming out of an account that you own, you will use that money wisely. When it is someone else's money....the attitude of "who cares" prevails.
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