When bankers fabricate money (credit) to lend to a borrower whose land is rising in value, they emulate Mr. Ponzi. Why? note1597k2vz4vxhxxwcxsh7qyfe2c8y9ps77ph5u42vyrrfnl9ke4ksqyvg3wj
TREAT US LIKE IMBECILES? | 7.1] Inflating the Bubble.
The value of land as an asset is linked to interest rates.
If the cost of money is 10%, land’s value would tend to be a multiple of 10 times the rent it generates.
So if rent is $10 p/square metre, and the interest rate is 10%, the sale value of the land is $100 p/ m².
If the US Fed, Bank of England or the Reserve Bank of Aust. slashed interest rates in half to 5%, the value of land would tend to double.
If rents are $10p/m², someone selling his land would want a multiple of 20 times that rental income.
Therefore, the site would tend to sell for around $200.
From this simple illustration, it is clear that when central bankers force interest rates up or down, they automatically trigger changes in property values.
It is disingenuous, therefore, for them to disclaim responsibility for brewing a bubble, as Alan Greenspan did in his Financial Times article on 7th April, 2008 (headlined: ‘The Fed is blameless on the property bubble’).
Greenspan now places all the blame on investment bankers.
But when the US Fed under his chairmanship slashed interest rates to 1%, there could be only one outcome: the value of real estate would explode.
Likewise, when the Fed changed course and raised interest rates, the influence would be in the reverse direction – downward pressure on land prices.
Excerpt. 2010: The Inquest by Fred Harrison
...Understand? Obvious again. Greed.
TREAT US LIKE IMBECILES? | 7.2] Money: The Transmission Mechanism
In normal commercial transactions, money is benign. It helps people to transact their goods or services.
Stresses surface, however, when banks expand credit on the back of the rising price of land. They use land as collateral. In doing so, they lock the money system into the classic pyramid system selling scam made famous by Charles Ponzi.
In 1903, Ponzi lured investors with the promise of high returns. He borrowed other people’s money to pay successive waves of investors. They all thought they were on to a good thing until, one day, someone realised that value was not actually being created.
It was impossible for all the investors to get rich: the last in to the scheme would be the biggest loser.
When bankers fabricate money (credit) to lend to a borrower whose land is rising in value, they emulate Mr. Ponzi. Why?
Because the escalating value of the land is nothing more than an increase in debt.
Value is not being added to the wealth of the nation.
Bankers won’t acknowledge this, because self-esteem requires them to promote the idea that their operations are respectable.
In fact, it is a financial scam on a scale that dwarfs anything that Charles Ponzi could have imagined in his wildest dreams.
All is well, while the debt-based price of real estate is rising. Banks are willing to increase credit.
The buy-to-let mania in Britian was one vehicle that allowed banks to expand the circulating credit.
A self-feeding process is triggered in which borrowers go deeper into debt to pay for rising property prices, which justify further increases in debt and so on in a vicious inflation of the bubble. In the end, the bubble must burst.
Property prices collapse and the “money” disappears into the ether.
Why don’t economists in the Fed, Bank of England or the Reserve Bank of Aust. understand the impact that this ‘financial transmission mechanism’ has on the economy?
There is no mystery about the transmission process. All they need to do is read the history of Charles Ponzi on Wikipedia.
Excerpt. 2010: The Inquest by Fred Harrison.
...Understand? Obvious. Greed.
#stayhumble #rtb #stacksats
An important concept to think about; Human Rights. Not sexy. Granted, but!
In both Dec, 1948 – the Universal Declaration of Human Rights (UDHR) and then Dec, 1966 - the International Covenant on Economic Social and Cultural Rights (ICESCR), and the International Covenant on Civil and Political Rights (ICCPR) were drafted respectively, which were;
A) ‘a milestone that would profoundly influence the development of international human rights law.’ and,
B) ‘are often referred to as “the International Covenants.” ’
That ‘are known as the International Bill of Human Rights.’
Here are the links to the three original documents drafted;
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1948
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https://documents-dds-ny.un.org/doc/RESOLUTION/GEN/NR0/043/88/PDF/NR004388.pdf?OpenElement
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1966 A & B (finalised 1976)
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https://treaties.un.org/doc/Treaties/1976/01/19760103%2009-57%20PM/Ch_IV_03.pdf
https://treaties.un.org/doc/Treaties/1976/03/19760323%2006-17%20AM/Ch_IV_04.pdf
Obtain these documents and make yourself familiar with them (they will come in handy and may well even surprise). Then with that out of the way, think about all that has been violated of these ‘rights’ on everyday people and people, every day across the globe in continents Rich and Poor. Perpetrated by the same institution funded, orchestrated and stood over by a bureaucracy [the erroneous weasels] - and the governments that fall in line with those erroneous weasels and continue to do so, since the drafts of these documents were first published up to this day.
Pretty franking disgusting.
#Lies #Deception #Manipulation #EndTheUN in it’s current form.
Knowledge, Reigns, Supreme, Over, Nearly, Everybody.
blue check revolt is harrrd man - love it! 💜NOSTR allday or nothin' at all.💜
corrupt french politicians have just legalized spying on protestors - very common anti-protest tactic now - compromise phones: track location, activate mics and cameras, read messages
if you are protesting - anywhere in the world - leave your phone at home - if you need comms consider radios or buy a burner with cash
for secure messaging I recommend signal or simplex - disappearing messages enabled just in case someone gets arrested
https://video.twimg.com/ext_tw_video/1521872340853956608/pu/vid/1240x720/osoN1T_Fa8DJJDWQ.mp4
GrapheneOS fixes this. Just sayin..🙃
This mofo is currently in some deep shit. Time will tell if ‘And Justice For All’ is applicable. At this point, We betting against truth prevailing is the safer bet – what a shame.
From the dictionary - #Corruption
2. Infection, infected condition; also fig. contagion, taint. Obs.
#Australia
For those having trouble distributing their content, that are wondering where they can upload content for NOSTR client discovery;
It is not only about Cryptocurreny. Is it?
The ability to order (time-stamp) all transactions in a trusted and immutable manner is a key ingredient of many decentralized state machines.
This is a core enabler of Bitcoin.
There could be many other cases where a trusted method to time-stamp digital documents is beneficial and a central trusted party is acceptable.
Here is an example:
The InterPlanetary File System (IPFS) protocol uses elements of the TSS and repository idea to build a verifiable file system with a global namespace using a Distributed Hash Table (DHT).
#nostruploads
If that fails;
#stayGold Mofo's
Love your work Mr Odell. Awesome show with Nat Brunell last week, caught it yesterday. Keep on! 🤟
Roger Williams, January 1968:
“There may, indeed, be no evolutionary solutions to the world's troubles unless an escape can be effected from the sterile Soviet-American hegemony.”
#StayHumbleStackSats
“All the more reason then for dwelling on the hopes, the experiments, the policies and even the dreams which seek release from or lie outside that hegemony.”
#BitcoinIsHope #NostrIsAlive
“Here is both paradox and trap. One must begin with the world as it is, and yet the harsh constraints of that world are doubtless the chief obstacles which prevent one from seeing the world as it might be.”
#ThePriceOfTomorrow #Deflationary #SmallGovernment #Local #Economy #Prosperity
“To a generation lost 'between two ages', the 'end of ideology' is but the political equivalent of 'the death of God'.”
#BitcoinFixesThis
#Nostr Is Key & #Bitcoin will never die – we just multiply!
Add On Quote from: 'The Creature From Jekyll Island', 1994.
"7. Use politics, don't be used by it. We got into our present mess through politics and we must get out the same way; but getting out is a lot harder than getting in.
The strategy, however, is simple: remove the big-spending internationalists from office and replace them with men and women dedicated to sound money and national independence.
The way to remove the spenders is to expose their voting records to their constituents, most of whom have no idea how they vote on key issues.
The way to get better candidates elected is to volunteer to work in their campaigns.
Work within party organizations where possible but beware! Never allow loyalty to the party to override loyalty to principle.
Political parties are always controlled from the top, and the major parties are controlled by the very forces we must oppose.
It is imperative that you and your candidate remain independent of party control. Otherwise, your money and your effort eventually will be used against you."
#Bookstr #Quotstr #CreatureFromJekyllIsland #MustReadBooks
🤟
My ultra futurist comic book "Devlok, the Techno Templar", 100% hand painted with watercolor and ink, is available here: https://haedre.bigcartel.com/
https://void.cat/d/Pssnd9RKRfokYnJNdogDdd.webp
But of course I rather exchange it for #bitcoin! For that, please just write me down, here or through my website www.haedre.com
Dope style man! 👊