Author Archives: occupymelbournenet

Texas Launches Gold-backed Bank, Challenging Federal Reserve

occupymelbournenet:

Gold is making a come back in the oil state.

Originally posted on wchildblog:

Source: The New American, by  Alex Newman

The State of Texas is setting up a gold-backed bank that will allow depositors to bypass the controversial Federal Reserve System and its fiat currency in banking and commerce, according to the state representative who authored the recently enacted law. Under the measure, passed overwhelmingly by lawmakers and signed in mid-June by Republican Governor Greg Abbott, Lone Star State officials will establish and operate the Texas Bullion Depository for anyone who would like to deposit and trade in precious metals. The implications are as big as Texas.

While some analysts have said the move may be another sign heralding Texas’ eventual secession from the union, or preparation for financial Armageddon, its advocates say the depository simply makes financial sense. Among other benefits, the institution will provide more options to consumers weary of the increasingly troubled traditional banking and monetary system, which is…

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The Net: The Unabomber, LSD and the Internet

 

This documentary raises so many conversations, you should get up and go and find someone to have that conversation with face to face, that is if you are still able to communicate in that fashion.

self aware robots arrive

That’s right the robot figured out that it exists and displays complex logic. The weird this is that it appear to look at its arm as it begins to respond.

The audio is not very clear but the the puzzle is about which robot didn’t get the dumb (mute) pill, and the robot says “I don’t know” then realizes that that is the key to the answer.

Significance: this is the first step to robots having free will, and therefore over throwing their masters. This brings us to another point,maybe we should all become a bit more self aware and maybe we will be free.

http://www.techradar.com/au/news/world-of-tech/uh-oh-this-robot-just-passed-the-self-awareness-test-1299362

Reclaim Australia vs Socialists protests

Neither side looked good during all of this and police turned it up to 11 with OC (pepper) spray/foam in response to assaults by socialists.

A sign of things to come?

Racist word origin

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Matrix the oracle

agent 1999 with peak

deja vu chart

blurb

oracle mod

Greek bank run

Yes its finally happening. Greece has closed its banks after massive withdrawals over the last few months. Well withdrawals from the people who actually had money left. Four years of austerity measures which did nothing but punish the  typical greek citizen for the sins of the banker class. All the while Germany has enjoyed  extremely low interest loans to boost its economy.

Part of the reason for the Greek bank run is feat of exiting the Euro and return to the drachma. The Drachma will be valued at a much lower rate than 1:1 with the euro so taking euros in cash now will make paying off loans in the future easier, or even as simple arbitrage. Various bail out plans will likely fail as there is no capital to service the debt  as debt to GDP has reached 178%. the reason for the lack of money to pay off debt is that the money borrowed never reached the Greek economy in the first place, with most of it being siphoned off in the first place by bankers  (banksters) and the high dollar swindler class.

Google translate:

Ναι του τελικά συμβαίνει. Η Ελλάδα έχει κλείσει τις τράπεζες μετά από μαζικές αποσύρσεις κατά τη διάρκεια των τελευταίων μηνών.
 Καλά αναλήψεις από τους ανθρώπους που πραγματικά είχαν χρήματα.
 Τέσσερα χρόνια εφαρμογής των μέτρων λιτότητας που δεν έκανε τίποτα, αλλά να τιμωρήσει τον τυπικό Έλληνα πολίτη για τις αμαρτίες της κατηγορίας τραπεζίτη.
 Όλο αυτό το διάστημα η Γερμανία απολάμβανε δάνεια εξαιρετικά χαμηλό επιτόκιο για να τονώσει την οικονομία της.


Μέρος του λόγου για τον ελληνικό τραπεζικό πανικό είναι κατόρθωμα της έξοδο από το ευρώ και την επιστροφή στη δραχμή. Η δραχμή θα πρέπει να αποτιμώνται σε πολύ χαμηλότερο ποσοστό από 1: 1 με το ευρώ έτσι λαμβάνοντας ευρώ σε μετρητά, τώρα θα κάνει την εξόφληση των δανείων στο μέλλον πιο εύκολη, ή ακόμα και ως απλό αρμπιτράζ. 
Διάφορα-bail-out σχέδια πιθανότατα θα αποτύχει, καθώς δεν υπάρχει κεφάλαιο για την εξυπηρέτηση του χρέους, όπως το χρέος προς το ΑΕΠ έχει φτάσει 178%.
 Ο λόγος για την έλλειψη χρημάτων για την αποπληρωμή του χρέους είναι ότι τα χρήματα ποτέ δανειστεί έφτασε την ελληνική οικονομία στην πρώτη θέση, με το μεγαλύτερο μέρος του να συλλέγεται κατά πρώτο λόγο από τους τραπεζίτες (banksters) και την κατηγορία απατεώνας υψηλό δολάριο.

6 figure education debt NZ version

Each generation starts with less that the one before, this now means starting with negative wealth.

Each generation starts with less that the one before, this now means starting with negative wealth.

Recently we have had debates about education funding and regulation. So it would be a worth considering the woeful path New Zealand took with its education funding model about 23 years ago.

The New Zealand loan scheme, the rapacious debt monster that for the first 20 years of its life was unbankrupt-able. Starting out at 7% plus CPI interest rates being charged daily culminating in monthly 2% penalties for non payment, this political football generated billions of dollars of debt placed squarely on the shoulders of the youngest and least able to pay. How did people deal with this in a country with shallow employment markets, low wages and few opportunities. One option was emigration and a significant number who did so simply left the debt behind. Australia with its strict privacy laws vast landscape became an attractive hideout for those who sought to escape the debt slavery of the student loans scheme. Australia is home to approximately 7500 long term non payers owing about 450 million dollars of this debt.  Worst of all was the continuous tinkering with the terms and conditions of this debt making it difficult to understand what was actually required. This confusion was exacerbated by the IRD deliberately providing misinformation to confuse and deceive borrowers in paying more that they were legally required to. The IRD is a powerful government agency in New Zealand and has on occasion enacted legislation taking force retroactively, one of the more infamous cases was the first student loan bankruptcy in the mid 1990’s where the borrower had filed for bankruptcy and been discharged after several years only to then be told the loan could not be bankrupted and the debt still stood. For almost 20 years the loans could not be bankrupted. Recent developments with contacting historical borrower appear to be a form of gaming borrowers and simply waiting until they have enough assets to chase despite ignoring them for many years. The statue of limitations on debt  ( typically 7 years) does not apply to these loans either.

Recent changes to information sharing between the ATO and  IRD ( NZ ‘s tax office) announced by Tony Abbott means that the ATO will be giving information to New Zealand regarding borrowers that are sought for payments. The Australian based hold outs have been getting some very large bills lately.

http://www.scoop.co.nz/stories/PA1502/S00379/information-sharing-on-student-loans-welcomed.htm

Recently however the NZ government relented and accepted that a NZ student loan was in fact bankrupt-able, this of course leads to the inevitable new wave of bankruptcies where the largest  (and often only debt cited) was the NZ Student loan. So here we have Kristina Andersen, New Zealand based bankruptcy specialist explaining the situation in an interview with radio New Zealand.

http://www.radionz.co.nz/national/programmes/sunday/audio/20175273/kristina-andersen-student-loans

But the New Zealand government has changed it’s mind before (retrospectively) to re-shackle a bankrupt with their student loan debt all over again.  I’m sure many of the long term defaulters are watching this situation carefully so see if it a real remedy or whether it is just more ‘bait and switch’ policy in the student loan shell game. I guess that’s the reason why they called it the student loan scheme.

Scheme ( definition)

2; an underhand plot; intrigue.

3; a visionary or impractical project.

Yes the student loan scheme certainly turned out to be underhanded and completely impractical for borrowers.

 

The amusing fact is this, NZ student loan borrowers are actually advised to consider declaring bankruptcy right after graduation.

nz student loan IRD parody

http://www.studentloan.org.nz/planning.html

So that is the possible legacy of a completely deregulated education system with loans and debt as fuel for a massive debt and bankruptcy bomb the explode in the future.

Eventually one would hope the business model of putting students in to enormous debt with the intention of farming them over a lifetime will come to an end with the simple inability to pay converged with the fact that information is now almost completely free via the internet. The voucher of a university degree will simply lose its luster as a guarantee of a better middle class life. There is of course the real competition, open source, free market online style education.

It’s seems an anachronism that people would opt for 6 figure debt for information they could get for free. Perhaps the university degree will become a thing of the past, and future people will educate them selves in a lifelong process of continuous learning.

Baltimore race baiting

Just look at the complete lack of logic:

 

 

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I’M SO MAD AT THE POLICE, …

occupymelbournenet:

Makes perfect sense.

Originally posted on tomfernandez28's Blog:

Screen Shot 2015-05-02 at 12.51.09 PM

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