Fine wine, caviar, lobster, butlers, chauffeurs and limos… but not a mention of the monetary system…

It’s that time of year again. No, not the Chinese New Year. It is the time of that ultimate plutocratic shindig self styled as the World Economic Forum.

http://www.breitbart.com/article.php?id=CNG.be33fda73987ff722e71ca3a18f1bfaf.351&show_article=1

Excerpts:

Economic and political elites meeting this week at the Swiss resort of Davos will be asked to urgently find ways to reform a capitalist system that has been described as “outdated and crumbling.” […] “Solving problems in the context of outdated and crumbling models will only dig us deeper into the hole. “We are in an era of profound change that urgently requires new ways of thinking instead of more business-as-usual,” the 73-year-old said, adding that “capitalism in its current form, has no place in the world around us said Klaus Schwab, host and founder of the annual World Economic Forum.”

End excerpts.

First off, Mr. Schwab must look up the definition of Capitalism again because we sure as heck haven’t had any semblance of anything remotely approximating capitalism in the West for decades. But other than that, in talking about morality and such, these clowns would do well to cut back on the foie gras and the caviar before they blurt out their idiotic platitudes.

At any rate! Once again, nobody anywhere mentions the monetary system. Our Debt Based Monetary System based on Floating Exchange Rates and boosted by Fractional Reserve Banking is the one and only thing that is afflicting us today. Our monetary system is designed to bleed wealth from the many so as to concentrate it in the hands of the few leaving in its wake only un-payable debt thus enslavement to the finance industry. And even assuming someone were smart enough not to get embroiled in this scam, reckless deficit spending carried out by the state ensures that whether you like it or not, you will be indentured to the financial industry at some point. This is not opinion. This is arithmetical truth. An arithmetical truth that is necessarily brought about by the diminishing marginal efficiency of debt. That same diminishing marginal efficiency that drove debt to increase orders of magnitude faster than GDP over the past thirty years; that same diminishing marginal efficiency that while driving debt higher at a faster clip than intrinsic wealth necessarily drove interest rates at their historic low; that same diminishing marginal efficiency that drove economic entities to gradually pledge all productive assets to the financial industry in return for unpayable debt.

The only variable is time but the conclusion is an arithmetical certainty.

And so the world turns.

Advertisements

Tags: , ,

2 Responses to “Fine wine, caviar, lobster, butlers, chauffeurs and limos… but not a mention of the monetary system…”

  1. pat00donnelly Says:

    Schwab …..

    Actually Schwass(e) ? The USA ignorants who processed migrants altered many names because they were …. errrr …. anyway, the Germans have a Beta, which is pronounced as double S …. Now who would accept that? Changing one’s name back isentirely possible in the USA, but then the people who adopt others names as their own ….. might not know this?

  2. dez9925 Says:

    J. Hillaire Belloc’s “The Servile State” is 100 years this year.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s


%d bloggers like this: