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algreeny
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In A Paper System, All Assets Are Backed by the Treasury Bond

- Keith Weiner -

..."the Treasury in all cases" and to continue: The Treasury is backed by the mightiest industrial-military-espionage system the world has ever known (remember Eisenhower's warning). This sytem is now controlled by a political system that has an $ IV line from the same financial / corporate system made possible by a Supreme Court (last defence line of the Constitution) decision to allow unlimited campaign contributions from the same. Thus we end up with carnival type elections that more or less entertain the voters in a manner in which the voters are familiar and is similar to a sporting event. This system will not be changed by the voting public.

One of the most practical business persons I ever met told me once "there will be no change until people are hungry and cold". As long as the connected can get their "take", and can keep the voters from being hungry and cold (food stamps, heating oil subsidies, etc.), there will be little or no change. Theft in high places, like MF Global, Banking Cartels etc. will have unusual indemnity and ultimate control. Not sure this has ever been any different it's just now because of the internet we have a somewhat uncontrolled vehicle to be in the know and group together to exclaim how aghast we all are. When we were ruled by Kings it took distance and a fight to break away. Soon, the internet will even be in their control - notice the attempts at recent legislation. Travel is already controlled.

As humans, and in general, we like a fair playing field and if there is a foul and the ref misses it we get excited and point and shout and scream. If done once or twice, the crowd may be somewhat forgiving. If the referee continually does this we sense ineptness. If done ALL the time we sense the game is fixed. At this point we can leave the game or stay and watch. Since we have the whole family along (read nearby) we must stay and watch the game because we don't know where else to go and would miss them too much.

If MF Global, the investigation of manipulation of precious metals, the LIBOR scandal, GS continually goes unprosecuted and always gets a "Get Out of Jail FREE" card, then you know the game is rigged. This will NOT be remedied at the voting booth. There may be NO remedy except to pay the mob off for it's protection and just keep out of harms way. No amount of gold or silver or silly guns can protect you from this bunch of thieves. They will simply suffocate with endless paper, confiscate or taxicate but this mob will stay in control. But if you stay, you must pay.

Please understand, there may be no solution in the time we have remaining here.

Commented 4414 days ago

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Beginning of the headline :In a gold-based monetary system, every asset is ultimately backed by gold. This does not mean that every debtor (including banks) keeps the full amount of its liability in gold coin just lying around. Why would one bother to borrow if one did not need the money? It means that every asset generates a gold income and every asset could be liquidated for gold, if necessary... Read More

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