Category Archives: Monetary system

Where does money come from?

Justice Geoffrey Flick : MCC should be shot

Why?

this:

Justice Flick, one of three appeal judges, said he had reviewed footage of the removal of the tent dress and was shocked by what he saw.

“Those who made the directions for this conduct to be pursued should be shot. It’s grossly offensive,” he said.

 

http://www.heraldsun.com.au/news/victoria/those-who-ordered-removal-of-protesters-dress-should-be-shot-says-shocked-justice-geoffrey-flick/story-fni0fit3-1227032506383

Mobile optimized version

http://m.heraldsun.com.au/news/victoria/those-who-ordered-removal-of-protesters-dress-should-be-shot-says-shocked-justice-geoffrey-flick/story-fni0fit3-1227032506383?nk=b70ce1a93f21ac94669b708b79bfb1b4

Remember a knife was cutting the tent apart just inches from the back of Kerrsions neck during the incident. This knife (called a tool by Victoria Police) was provided to MCC workers by Victoria Police during the incident. One of the council workers refused to take part in the incident and walked away, though the remaining MCC workers and police mindlessly abused the young woman by tearing away her  clothes and leaving her in her underwear  on the grass.

 

This incident occurred the day after Victoria police were humiliated by the original tent monster action which saw Kerrison and two  other” tent monsters”  run around the park and  utterly demoralize Victoria police who felt like the fools that they were.

Clearly Victoria police don’t know the meaning of the phrase :”It’s all in good fun”

MaidSafe the new internet

Imagine if bit-coin was invented the same time the internet was. Stop imagining. It’s about to happen in the next few months.

  • encrypted

  • private

  • distributed

  • free and open source

  • incentivised

 MaidSafe

  • no gate keepers

  • no snoops

  • no censorship

  • no bankers

It’s this cloud thing that tech companies have been banging on about for years except you are truly part of it rather than just a customer. A giant shared network storage with encryption.

http://maidsafe.net/

Banco Espirito Santo nationalised, debts jetisoned

BancoEspiritoSanto_app

 

Portugal’s largest bank has been bought by the government after toxic debts were discovered. Rather than stupidly bailing out the speculators and banking executives, the bank has been divided into two parts, the good part with all the assets, and the bad part with all the toxic debts for all the shareholders and speculators. This is effectively the same as finding the vandals on your wooden ship, making them a raft out of the wood they damaged, and them setting the vandals adrift on it, wishing them good luck knowing that it won’t help them.

Portugal has just invented the bailout we expected to happen in the USA following the GFC.

 

http://www.theguardian.com/business/2014/aug/04/banco-espirito-santo-bailout-eu-cash-portugal

 

Fun Fact: Australia was once referred to as ‘Espirito Santo’.

Argentina flips the bird to the vultures

vultures argentina tagged

Argentina, arguably the most resource rich country in South America has been plagued by foreign finance manipulation for generations and has finally flipped the bird, describing these investment funds as vulture funds and simply refused to pay.

Wikileaks Oz-SEA corruption coverup exposed

Your aren’t allowed to know about what you aren’t allowed to know about.

In a truly big brother move the Australian government is trying to keep the suppression of information order itself secret.

What is next is secret prisons and secret prisoners.

 

From wikileaks.org  press release:

Australia-wide censorship order for corruption case involving Malaysia, Indonesia and Vietnam
WikiLeaks release: July 29, 2014
Blanket censorship order preventing reporting on Australia’s largest financial corruption case and any derived allegations against the current and former heads of state of Malaysia, Indonesia and Vietnam and other senior officials.
The document also specifically bans publication of the order itself and the June 2014 affidavit of Australia’s newly appointed representative to the UN, Gillian Bird. The order was granted under “national security” grounds in order to “prevent damage to Australia’s international relations”. The order was issued following the indictment of seven senior executives related to the Reserve Bank of Australia. The case concerns allegations of multi-million-dollar payments to persons with high-level political connections in Malaysia, Vietnam and Indonesia in order to secure contracts for the production of Australian plastic currency banknotes for these countries.

https://wikileaks.org/

 

1377186290240We end with the words of the god father of modern ‘conspiracy theory’ JFK, He was murdered in broad daylight, but that was just a co-incidence right…

Jonathan Moylan avoids jail

 

Jono csg meme

http://www.smh.com.au/nsw/jonathan-moylan-avoids-jail-term-for-fake-anz-media-release-about-whitehaven-coal-20140725-zwwe7.html

 

Ok now, memes and MSM bullshit aside, did Jonathon Moylan do all that much damage to (ASX WHC) Whitehaven coal  ?

 

whitehaven analysisNot as much as you might think, WHC had been on the slide for 3 quarters before the ANZ corporate hoax. Investors dumping WHC in the previous 3 quarters had done more damage to WHC than Moylan. So effectively what Jono had done was arrive in time to see the rich obnoxious WHC house being burnt down by an angry mob and kicking in the letterbox while being cheered on the crowd of disenchanted. Of course a serious analysis might show this up but when you are underscoring the dangers of fracking (AKA CSG  AKA coal seam gas), But why let to many facts get in the way of good publicity. WHC had been under preforming the ASX 200 for several years, the business cycle, carbon tax, but even this being said its really hard to know how much damage a single well crafted rumor can do.

We are after all talking about Keynesian economics, with adherents who believe you can print fake money to appease animal spirits, which then magically repair an economy.

I couldn’t resist and it’s friday, for the tinfoilers out there, this video is from 1984, spooky.

For the OM hard core: which eviction was this song played at?

End The Fed Rallies Are Spreading Like Wildfire

 Starting in Berlin about two  months  ago, huge Anti-war and   End the Fed rallies have begun to spread all over Germany and the rest of Europe.
The protesters consider the corrupt banking system the chief problem in the world today.
At it’s core, the Occupy Movement also had the anti-fed and fiat currency protests, but often activists who brought up these subjects were and are dismissed as right-wing conspiracy freaks by the socialist element that tried to hi-jack the occupy movement. Looks like the tide may be turning.
In Australia we currently have a lot of people protesting the budget and the latest government, but very few seem to understand the global connection. Time to wake up!

Submitted by Mike Krieger of Liberty Blitzkrieg blog:

This is a fascinating development and one that I had no idea was happening until today. It seems that rallies are spreading throughout Germany protesting the corrupt and dying global status quo. One of the key targets of these groups is the U.S. Federal Reserve system, which as I and many others have maintained, is the core cancer infecting the entire planet.
According to the organizer of these rallies, they have now spread to up to 100 cities and have a combined attendee base of around 20,000. What is also interesting, is that the mainstream media in Germany is calling them Nazis. In Germany, if you don’t support Central Banking, this apparently means you are a Nazi. What a joke. Just more proof mainstream media everywhere is complete and total propaganda. It is also a good sign, since it shows the desperate lengths to which the power structure will go to keep their criminal ponzi alive.

Do these folks seem like Nazis to you?

 

Commonwealth bank $100M loans Ponzi

They said it wasn’t happening here, it didn’t happen here. The truth was it was better covered up here.

And while Victoria Police corporation worked so hard to shut down Occupy Melbourne as a street protest the very reason we were protesting the dirty frauds committed by banks, Victoria Police corporation were investigating this fraud.

The bank heres received secret bail outs, and at least one bank has  been involved in propping up a Ponzi scheme and snatching the victims houses.

Worst of all was CBA (Commonwealth bank of Australia’s) response to the scam, get on board and  side with the scammer to steal the house.

the story by:

Chris Vedelago and Cameron Houston

http://www.theage.com.au/national/cba-ignored-evidence-of-100m-fraud-20140621-zsh6i.html

Australia 2014 copies New Zealand 1984

Guess what Australia, you are 30 years behind New Zealand!

A wave of shocked silence followed by jeers echos across the country…

Australians all angrily ask “What are we behind in?”

“Apart from Rugby Union and occasionally Netball we are not behind New Zealand!”

Only if it was so unimportant as sport, you might see whats really going on. You have been blinded by bread and circuses, or perhaps beer and footy.

Split Enz, from New Zealand in 1981, with a song written by Neil Finn, unfortunately history does repeat.

 

New Zealand, for decades, has been a social policy test tube for the western world. A small, largely isolated population that reeled from the Neo- con ‘shock doctrine’ of Chicago school economists.

Even more surprising was the fact that this hard core Neo-con agenda was run by the New Zealand’s Labour party, a political outfit more or less akin to the ALP in political ideology and electoral significance.

Well it would have been akin to the ALP, if it wasn’t for a few key individuals who drew inspiration from Thatcher and Regan who were in office at the time in UK and USA respectively.

1385213727066

 

Would  you like to look into a somewhat tame version of what is happening now in Australian Politics with the Abbott/Hockey budget?

Have a glance at these somewhat surreal crystal balls, telling you a potential future for Australia from New Zealand’s troubled past.

If you do not watch these films, you only have yourself to blame when further nasty surprises happen!

 

 

http://www.nzonscreen.com/title/someone-elses-country-1996

 

Its worth pointing out that despite this film being made more than 12 years after the neo- con ravage and upheaval in NZ, it was effectively banned from NZ television until 2003, nearly 20 years after the events it portrayed. You might ask why, and that’s the exact question the New Zealand Government didn’t want its citizens asking. Citizens who were now being treated as units of economic production.

http://www.nzonscreen.com/title/in-a-land-of-plenty-2002

Another film by the same director (Alistair Barry) about the same events from a slightly different and more enlightened perspective, explores how the Reserve Bank of New Zealand was behind many of the initiatives. Curiously the director said his main inspiration for making the movies was he had so much footage that simply made him angry, and he had to understand why it make him angry, and what was actually driving the economic and social carnage witnessed.

Both of the films heavily feature television archives, which many New Zealanders would have seen as part of news broadcasts at the time of the events, some clips appear in both films because of the significant to both stories and the political history described.

 

Split Enz I walk away; 1984,  from their last album.

Perhaps Split Enz saw the (economic) writing on the wall, splitting up in 1984 and temporarily moving to Los Angeles before morphing into ‘The Mullanes’ and finally ‘Crowded House’ and moving back ‘home’ to Australia.

The opening credits of this video sadly will not put to bed any lingering debate over whether Crowded House was Kiwi band or and Aussie band, as Hester had joined Split Enz before the remainder of Split Enz became ‘Crowded House’.

The best compromise to this sometimes confused friendly debate is best settled with this: Crowded House was a Melbourne band that formed in the USA from the remains of a New Zealand band.

Welcome to the confusion and dislocation of the shock doctrine and globalization.

 

And finally Crowded House ‘Weather with you’ from 1992. When the rapacious globalist corporations come, they bring the weather (and its not good weather).

If you don’t think it can happen here, this week should have been a wake up call, Chile was taken by surprise in 1973, as was New Zealand in 1984, will Australia wake up and get wise in 2014?

 

History does repeat.

What was once a purely New Zealand phenomenon can easily become completely ingrained in Australia, be it music or political ideology.

RIP Paul Hester

 

 

Money as debt 3

 

 

Money as debt 3

A really good look at money which goes on to explain major theories of how different types money can succeed or fail.

Its worth pointing out that early on in the movie the concept of money as flow is important, this is a good explanation of  the economic concept of ‘velocity of money’.

Velocity of money  broadly speaking is the number of times (on average) a single unit of money is spent in a year. This concept may seem to be mere trivia until you realize it is very important in calculating inflation.

 

It concludes that money really is a promise to provide goods and/or services in the future, and that money is only as good as that promise.

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