My grandson is taking it in his coffee.
On Sunday, 29 March 2015 23:37:59 UTC+1, Molly wrote:
-- On Sunday, 29 March 2015 23:37:59 UTC+1, Molly wrote:
just askin'. where's the sugar?
On Sunday, March 29, 2015 at 5:38:59 PM UTC-4, archytas wrote:Sometimes Americans sound very insular. The USD has been the main mechanism of thieving, financial piracy since Breton Woods - masquerading, of course, as generous salvation for everyone else. Before this we have had the pound sterling (the original LSD), Dutch Guilder, Spanish Doubloon, Portuguese Escudo and various 'what was owed to Caesars' back to the Sumerian's. The currency or what backed it as in various metal standards never mattered much itself.1. Debt and credit systems come before money in history2. Precious metals and trinkets are worth what an idiot will ;pay for them - but the world is mostly idiots3. Money is largely issued as debt by private banks (97% is the bandied about figure). Aristotle knew it was just a convention and could be worthless tomorrow4. Bourgeois morality is based on the ability to send the boys round to enforce debt.5. Pensions were devised to pay out at 65 for the very good reason most people would be dead by this age,6. Pensions are not saved for - this is just a story for idiots to swallow - in a world of mostly idiots - though this is easily swallowed if you have paid superannuation7. Saving is 'evil' as you should be spending that money to increase money velocity, keep trivia factories open, expand GDP and maintain the beer supply by sacrificing your body organs to the common good and dying early enough never to claim that pension you have been saving forThere is, of course, a very sensible story of what economics really is. The bankers have stolen your pensions, though some schemes are still paying out due to new money being pumped in through Ponzi schemes run by our governments (TARP, QE etc) - this is as true of China as the West. The essential con concerns insurance schemes designed never to pay out and false accounting that draws money down from the future and writes down current repeating losses as exceptional one-offs.If you have a pension pot of, say $100,000 and the USD loses half its value - you become half as well off. Though if this USD decline came with stocks rising 100% everything would seem to stay the same as your pension would be $200,000 - the new denomination for £100,000. For 100 years the USD has been supported with free loans from the rest of the world because so much trade has been done in USD - petro-dollars, euro-dollars - all sorts of trades nothing to do with the US have given benefit to the US and often British and other banks.The current currency wars are an attempt to break US dominance. The deep questions may concern what the US will do with its massive military advantage and an electoral system that looks as dire as that in Germany between the wars and dominated by neo-con (Nazi) ideas. Pensions may be worth nothing once we discover they only pay out from an electronic system unrelated to real production.Plan B involves jubilee and peace - but what kind of Christian would want to believe in that Molly? Plenty of economists do.
On Sunday, March 29, 2015 at 8:09:27 PM UTC+1, Molly wrote:I don't trust them either, no reason to. But there are countries signing on to their new banking system and it seems that it is becoming a major global economic factor. Or is it?
On Sunday, March 29, 2015 at 2:07:26 PM UTC-4, Allan Heretic wrote:I know.. when it comes to what the Chinese are involved in my experiences have not been good.
When it comes to my trusting someone I look at action rater than words.. one also needs to examine what was written in the Chinese little red book. There is a lot that leaves me questioning and not willing to jump on the band wagon.
تجنب. القتل والاغتصاب واستعباد الآخرين
Avoid; murder, rape and enslavement of others
-----Original Message-----
From: Molly <mollyb363@gmail.com>
To: minds-eye@googlegroups.com
Sent: Sun, 29 Mar 2015 7:44 PM
Subject: Re: Mind's Eye The new Chinese gold standardThe establishment of the new Chinese banking system was all over the talking head conversation this morning here. I do wonder what it will mean to the price of precious metals, how our banking systems currently operate, how (what little) life savings are effected.--
On Sunday, March 29, 2015 at 11:07:53 AM UTC-4, Allan Heretic wrote:China has been on a market domination course for years now.. their flagship internet market I have use them in the past. . The products did arrive as scheduled. . But of the 5 things I ordered none of them were of good quality.. an a scale of 1 thru 10 they all came under 3 or less.. I no longer even look there..
Corruption has run rampant through out China.. and big name down are falling. Questions keep coming up. Will it last.. there is a lot of doubt in my mind. When it comes to gold there is a lot of judgment that seems to be lacking.. now combine corruption with poor judgment you have a brew headed for destruction.
Now that seems to fit well with the political direction of the world today . Just to perfect of a fit.
تجنب. القتل والاغتصاب واستعباد الآخرين
Avoid; murder, rape and enslavement of others
-----Original Message-----
From: Molly <mollyb363@gmail.com>
To: minds-eye@googlegroups.com
Sent: Sun, 29 Mar 2015 3:28 PM
Subject: Mind's Eye The new Chinese gold standardThe new Chinese bank established with a gold standard is gaining momentum on the international stage. How will this effect the world economy? These quotes from Bloomberg:--China's clout has been expanding for decades, as its rapid growth allowed it to snap up a rising share of the world's resources, its exports penetrated global markets, and its bulging financial assets gave it power to make big individual loans and purchases. Now, the creation of international lending institutions is leveraging that economic influence closer to the political and diplomatic arenas, as U.S. allies defy America to back China's initiative.
"This is the beginning of a bigger role for China in global affairs," said Jim O'Neill, U.K.-based former chief economist at Goldman Sachs Group Inc., who coined the term BRICs in 2001 to highlight the rising economic power of Brazil, Russia, India and China…
Chinese President Xi Jinping's vision of achieving the same great-power status enjoyed by the U.S. received a major boost this month when the U.K., Germany, France and Italy signed on to the Asian Infrastructure Investment Bank. The AIIB will have authorized capital of $100 billion and starting funds of about $50 billion.
Canada is considering joining, which would leave the U.S. and Japan as the only Group of Seven holdouts as they question the institution's governance and environmental standards.
China, flush with the world's biggest foreign-exchange reserves and anxious to convert them into "soft power", is building an alternative architecture. It has proposed not just the AIIB, but a New Development Bank with its "BRICS" partners—Brazil, Russia, India and South Africa—and a Silk Road development fund to boost "connectivity" with its Central Asian neighbours…
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