Breathe. Breathe again. Inhale. Exhale. Breathe again. The Fog and Mist on the crumbling top of the Debt Mountain is dispersing after centuries and the sun rays are hitting the crumbling structure.Now you see. Breath.Again.
Take a first on the left and enter the Escalator over the Hill.
While descending you will see a strange structure on the base of the the Debt Mountain. It is a kind of inflating Balloon. Go and take a peak inside. There are Breathers gathering.
The Zombie Cargo Cult Breathers
Full room of Them.They, the opposite as you do, first exhale and then inhale while they breath.The breathing fills and expands the Balloon where they gather.Sshhht… it is a private gathering…
They are breathing Money. Out of thin Air. They make it by exhaling and get back it by inhaling.And the Money balloon expands, or when there are too many defaults, it shrinks and You can not breath any more..
They breath- They breath You. You are the breath.Every breath you take they are watching you. You live by their breath. It is your Debt money. To Them. That they Breath.
They count every molecule of thin air money they breath between them and It is a complicated count. Who owes what to whom, but they own it almost all and move it in mysterious ways you have given them the right to move..
They breath you. They are the Bankers.
They own the air you breath. They own almost all. All the money out of thin air.They own.Breathe. Again.
The Zombie money Cargo Cult
By exhaling and inhaling money,which they produce 97%, they make the economy.
The money you borrow, when returned back to them is not destroyed, only your deposit is balanced as paid. The money returned is withdrawn from circulation, the deposit you had is destroyed, but Not The Money, the money stays, real,it re lends, goes, changes hands, stocks, offshore, diving, emerging, funds,shadow …..There is no distinction between the bank and investment bank, the Matrioska goes deep..
And the returned money is definitely owned by the Banks as their own.
The private banks by your own breathing and living produce money and temporarily withdraw money back when yo repay the loan.. They Breath Your life.. They own all the money in the world. Plus interest. You have to run, run, scatter , scratch and search for the money you owe them, to bring it back to them.Plus interest. That is why you have to grow more than you spend on interest… The Three Laws of the debt driven economy.
If they go in hyperventilation, breathing too fast, the panic starts and the collapse looms.Then the Central bank Master comes and sticks the knife in the bursting balloon. The knife is the interest rate rise, so the balloon deflates. Sometimes it just goes puff, the balloon slumps and another recession starts. Again. Breathe again, repeat…
This system, when the only tool left is the knife of interest rate hike to deflate the balloon, is called Monetarism, the last Neolithic invention of the disaster regulation of your life.Sometimes it is not a knife, but a sledgehammer. You get chopped, like the Greek pig, roasted.They want it back.
From the Neolithic to Nowhere and back. Again.
Here is the list of the theories which the Masters and Producers peddle, and claim to be true. They are all gone, and do not shed light on the facts.Neolithic stuff.
Rather than the infinitely expanding Balloon, they sell you this Neolithic inaccurate bollocks ;
A Pyramid of credit, or the Fractional reserve banking, so dear to the libertarian left/right, especially in the USA. Just Bollocks based on some Liquidity ratio , like 10%, and by which every new credit is a little smaller than the previous, every loan is smaller, and the last round of credit is so small than there is not possible to lend further and the Pyramid is complete. The blocked money expansion curve…like Wikipedia.
Unfortunately for the libertarians this Liquidity Ratio was abandoned in 1981 and is just bollocks,Bollocks good for the stupid conspiracy implanted libertarians to make fog on the Debt Mountain.Good for the fools.In fact, banks have found at that time the ways to trick the necessary liquidity ratio…
The Reserve /Asset ratio which should force the banks to have some money on standby. The banks ought to have some money to cover the bad loan default.Well, they got around it, by borrowing or covering the reserve ratio in many creative ways.In the Anglosaxon world, the reserve ratio is now almost zero, and only the Eurozone pretends it has reserves in the system of banking.
The Last system is Capital Adequacy. This is costly, because, lets say that 10% capital adequacy must grow by the amount of lending and so it grows in real number as the money lending expands.As all the systems, even this one does not protects the borrower. It is even worse, because the banks must rise the interest on the lent money by which in part they cover the Capital Adequacy, which is the Eurozone problem.
Basically all this systems are bollocks, and do not cover anything and are no table to control anything, especially not the bank run or the speculative nature of this type of money..
So, the only tool to control for the Neolithic economy of ballooning is the Central Bank sledgehammer, or knife, which by rising the interest-cost of the money tends to cool down the hyperventilation of the banks by hitting with the higher cost.. But by raising cost of the money suddenly, the business and persons get in trouble even if innocent.
But if the balloon bursts, there is no Air/Money to breathe…
The Big Bang of the Expanding Balloon.
You Breathe, it is Neolithic time.
The Swiss referendum !
The latest news is the Ashen Lady chief of the International Money (fund bank). She warns that Debt has never been so high. Maybe she is thinking why the competitors on the markets are keeping their prices
Artificially down by taking more and more credit/debt to compete against each other and that the real price discovery is looming in this
Downward game of pricing? Or that the households, due to the lack of the purchase power are entering the debt spiral together with the downward goods pricing spiral?? Or that the State deficit is financing the saving and competition of the business and the households? Not enough taxes?? The Sate is not Sovereign enough to match all with his currency issuing power and job creation? The warning is just bollocks. When one adds all up it is clear that the debt driven economy collapse is near.
So, maybe the IMF and the Ashen lady are advocating, as the elegant way out without the bloody revolution, for a Swiss referendum?
The Swiss proposal is simple.
https://www.vollgeld-initiative.ch/english/
The central bank becomes the only currency issuer, the private banks do not concoct the money out of air for themselves, they borrow it from the CB. The savings, unlimited, are in the CB and secure of any bank run or similar, the private banks change their business to investing with any kind of risks taken, no bail in or bail out, if you want to speculate, is up to you.
And the CB gains back the ability to invest and spend in any public necessity. The Money Breather is only the CB. The AI, just like in HFT (high frequency trading) is capable of supervising on political grounds of the political economy.As it is now, anyway, but for the different reasons.
Certainly there is always a chance of autocratic outcomes, but that happens also now in the private money making..Showing the strength of democracy is the game. The free market is the way to check and balance, together with the people.Nobody is keen on inflation, especially when the savings of the people and business are in the CB. Checks and balances, which definitely lack now in this neolithic economy……
In fact, the only trouble with this proposal is the huge upshot-revaluation- of the Swiss frank value, as the only safe heaven . This is even better, they, the Swiss Central Bank, can deflate the pressure on the Franc by, for ex, investing in Africa and in the long run earn a fortune on people well being!
There is also a viable mix of the two Money Breathers, The private banks and the Central bank debt free money, with different scopes , which some are proposing…
PS; this new psycho biophysics economy explanation, as good as the Isaac Asimov foundation series, only it is real…. for Witchdoctor,
But you can also keep on breathing someone else lives till the bitter end…
Peace and music today!
Links;
https://www.witchdoctor.space/2018/03/30/money-is-not-the-money/
https://www.witchdoctor.space/2018/04/06/the-fake-act-of-money-creation/