Banks' credit crisis solutions have echoes of 1929 Depression
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Great link. But you know the story itself is interesting but really gets me is the numerous comments after the story. This is Great Britain right and so the people putting comments are mainly British? Read the comments for a real eye opener folks.
Read those comments and one after the other is like right out of the mouth of Ron Paul. This truly is a world wide revolution. We need to hook up with the rest of the world and make this world wide. Ozwest you are Aussie right? What say you?
Hows this one:
"Although comparisons have been drawn between the collapse and great depression of 1929-1938 and today's situation, it seems to me that there is at least one significant difference. In 1929 the withdrawal of credit that precipitated the collapse was a deliberate act of the money centre banks having in view the acquisition of competing banks, corporations, and hard assets such as gold, land and oil. This was finally completed in 1933 when FDR suspended the Constitution and the common law, confiscated the gold of the People of the United States and transferred it to the international bankers who own or control the Federal Reserve and the other nations' central banks.
It seems to me that today's situation is quite different. On this occasion, I believe, the crumbling of the financial ziggurat has taken the money centre banks by surprise; it began, precipitately, before they were ready to take advantage of it. We are now witnessing some desperate actions by the banks in question to shore up their solvency; they are trying to buy time in order to complete their acquisitions and consolidate their political power. The recent oil price increases have been just one evidence of their activity in this regard since the energy market is one essential foundation pillar of their wealth. Their ultimate objective is naturally to own or control everything on the face of the earth and under it, in the oceans and under the seabed. They engineer huge economic disruptions, revolutions and wars to enable them to reach this goal which is then written into the laws and regulations of the governments and global agencies that they control, in order to legalise this wealth transfer. This time, no matter what they attempt to do, they are running behind the curve, and the events yet to unfold will unravel their best efforts to save themselves.
Posted by David Robertson on June 1, 2008 12:47 PM"
Read those comments and one after the other is like right out of the mouth of Ron Paul. This truly is a world wide revolution. We need to hook up with the rest of the world and make this world wide. Ozwest you are Aussie right? What say you?
Hows this one:
"Although comparisons have been drawn between the collapse and great depression of 1929-1938 and today's situation, it seems to me that there is at least one significant difference. In 1929 the withdrawal of credit that precipitated the collapse was a deliberate act of the money centre banks having in view the acquisition of competing banks, corporations, and hard assets such as gold, land and oil. This was finally completed in 1933 when FDR suspended the Constitution and the common law, confiscated the gold of the People of the United States and transferred it to the international bankers who own or control the Federal Reserve and the other nations' central banks.
It seems to me that today's situation is quite different. On this occasion, I believe, the crumbling of the financial ziggurat has taken the money centre banks by surprise; it began, precipitately, before they were ready to take advantage of it. We are now witnessing some desperate actions by the banks in question to shore up their solvency; they are trying to buy time in order to complete their acquisitions and consolidate their political power. The recent oil price increases have been just one evidence of their activity in this regard since the energy market is one essential foundation pillar of their wealth. Their ultimate objective is naturally to own or control everything on the face of the earth and under it, in the oceans and under the seabed. They engineer huge economic disruptions, revolutions and wars to enable them to reach this goal which is then written into the laws and regulations of the governments and global agencies that they control, in order to legalise this wealth transfer. This time, no matter what they attempt to do, they are running behind the curve, and the events yet to unfold will unravel their best efforts to save themselves.
Posted by David Robertson on June 1, 2008 12:47 PM"
LiveFree79
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The "ownership" of gold didn't change hands. It's always been held by a group of private bankers. I don't understand why Ron Paul and his supporters don't understand this. It doesn't matter even if we return to some sort of gold standard..........the wealthy and powerful will still control the gold and use it to control the rest of society. The whole problem is that our monetary system is in the hands of private banks who are unanswerable to the people. Putting gold in those same hands will not solve the problem.
You are generalizing a fair bit. Even IF, 90% of the worlds gold were in the hands of 300 or so people, changing to a gold standard would still force an outing of the fiat system. The reason gold's price is down right now is because there has been intentional saturation of it, and everyone telling us that it's not worth anything. So it's unlikely the percentage of gold owned by a select supra elite is really that high.
You would need severe dumping of gold to continue to force the price down and convince people that gold really isn't worth anything. Going to a gold standard is a lose lose situation for them either way.
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