Sunday, April 3, 2011

Legal counterfeiting, the fraudulent fractional reserve system

Inflation or debasing the currency in combination with the fraudulent fractional reserve system (legal counterfeiting).

Story linked below, is clearly “left” leaning, this is not an issue of the false “left-right” but using the canaries to indicate where and how the oligarchy truly run the world (not just this country).





Here is where the writer goes wrong...
Historically, the relatively high and rising standard of living of American workers--both blue and white-collar--which once gave the US one of the highest standards of living in the world, has come courtesy of rising productivity, which has allowed US companies to produce more goods with less labor, and to then pass some of the enhanced profits on to workers in the form of higher wages, without having to raise prices. That has been important because, when higher wages are financed by higher prices, it tends to be a kind of zero-sum game: higher wages cancelled out by inflation.
Do you see the mistake? Assuming that inflation (in this system) is a natural phenomenon and it is not, we are not in a closed economic bubble value of labor is imported and exported continuously.

As efficiency rises prices for goods droop, this forces competition to increase efficiency or fall out of business, workers pay is based on production, this is a natural cycle. The problem arises when the value of the money is changed for the benefit of the oligarchy and banking - ask yourself the question, who gets to use the money FIRST and with the MAXIMUM VALUE? as this runs into the system the progressively smaller and less connected and less powerful entities use the money the volume of that money changes the value - it looses value. The oligarchy gets to use the fiat money at the current higher value for no effort and no addition to the production of needs. Theft as the tax that dare not speak its name...

Inflation or debasing the currency in combination with the fraudulent fractional reserve system (legal counterfeiting).

The corporate onslaught against trade unions and against the minimum wage, which began with the Nixon administration in 1968, combined with so-called “free-trade” deals that allowed US companies to shift production overseas and then to freely import the products of their overseas production facilities back for sale to Americans at home, by weakening the power of workers to demand higher wages, has led to a situation where companies can just pocket all the profits from productivity gains, leaving wages stagnant, or even driving them down.

Only half correct, yes the deliberate globalization “free trade” and outsourcing has an impact, but trade unions and minimum wage are issues not something that needs defending “for the worker” - what is missing here is the fact that the large corporations are part of the oligarchy not ruled by government, the corporations are part of the whole, an unholy alliance of mercantilism and the new statism.

Meanwhile, the national corporate media, itself viciously anti-union, continue to skew news coverage to portray unions as corrupt and greedy, so that the 90 percent of American workers who are not in a union don’t even realize that any pay gains or benefits they get are because employers are trying to avoid unionization of their workforce.

Of course the unions are greedy and corrupt and the leadership is part of the oligarchy or servants to oligarchical masters.

The "Canary Method" of information extraction

Folks, the canary birds are dropping dead of the same air ALL over the place! When the radical Greens agree with the Black Nationalists, along with the radical homosexual groups, and the White Nationalists - YOU NEED TO PAY ATTENTION!!!

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