Thalidomide, recession and crisis management
Posted by Ivo Cerckel on June 21st, 2009
Welfare-State and Quantitative-Easing
Our Masters know very well that
the crisis is due to unbacked, at least irredeemable, paper money and to fractional-reserve banking (1)
and that
they needed thalidomide to institute their Welfare States.
The only difference today is that our Masters are this time experimenting with Quantitative Easing in order to contain, they think, the financial-economic crisis.
They know very well that they created both crises,
but this time they want easy-cheap-abundant money for their friends.
The welfare which the Welfare State is supposed to bring about, or rather the welfare which a free-market economy is supposed to bring about, is thereby being reduced to nothing.
Why continue blogging?
For the fun? Yes!
Ivo Cerckel
honestmoney@maktoob.com
(1)
http://bphouse.com/honest_money/worthless-digital-liquidity-and-fractional-reserve-banking-are-fraudulent-%e2%80%93-let-the-system-collapse-now/
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June 22nd, 2009 at 11:08
Brokoli sayz that:
The present deflation will not resolve anything but will inescapably result in inflation.
This is the Great Leap Forward. The continuing deflations cannot but result in the collapse of the failing (falling?) domino-system. The collapse of the domino-system can no longer possibly be healthy.
The imbecile and absurd proposals to find a balance (between what?) with Quantitative easing are doomed to fail.
The maladministration by the dollar-International Financial and Monetary System has gone too far.
It is too late to prevent the maladministration by the dollar regime to result in the consequences in which it cannot but result.
Take the smokescreen of the Quantitative Easing debt mountain away and guess what will be the result.
END OF QUOTE OF BROKOLI (1)
Jean-Claude Trichet, European Central bank president, adds that there is no room for governments that have borrowed billions to fight the economic crisis to accumulate more debt.
“There is a moment where you can’t spend anymore and you can’t accumulate any more debt. I think we are at that moment,” Trichet told Europe 1 radio on Sunday. (2)
As I said above:
Why continue blogging?
For the fun? Yes!
Ivo Cerckel
honestmoney@maktoob.com
NOTES
(1)
Brokoli zei op June 21st, 2009 @3:35 pm
http://www.econoshock.be/2009/eco-lo-gistieke-logica/#comments
De huidige deflatie is absoluut niet sanerend en zal/moet onvermijdelijk evolueren tot hernieuwde doorstart van inflaties (gans het gamma).
Dit is niks anders dan de vlucht “voorruit”. Omdat aanhoudende deflaties het faling-dominosysteem op gang zetten. En sanerend “falen” kan NIET meer.
Het ridikule voorstellen van het absurde balanceren op slappe koord met QE, is infantiel. Het wanbeheer door het $-IMFS ging véél te ver en té diep om er nog iets aan te doen.
Trek het doek van de schuld-berg weg,…en doe een gok op de finale afloop.
(2)
ECB’s Trichet says no room for more debt
Sun Jun 21, 2009 6:17am EDT
http://www.reuters.com/article/businessNews/idUSTRE55K0MK20090621
PARIS (Reuters) – There is no room for governments that have borrowed billions to fight the economic crisis to accumulate more debt, European Central Bank President Jean-Claude Trichet said on Sunday.
“There is a moment where you can’t spend anymore and you can’t accumulate any more debt. I think we are at that moment,” Trichet told Europe 1 radio.