Dear, not five, not ten not hundred,more than few hundred…thousand .and more readers but the number is nice n`big, (a number disclosure) ,lets start with the funny or terrible consequences of the human quotient of intelligence.
If the IQ is 70% written in a person genes and 30% is culture and learning achievements, then,
Considering the facts shown through history where the human parasite never solved any of his problems without creating new ones, considering the overall entropy, inefficiency, greed, stupidity proven by facts, and the growing destruction of his own means of subsistence, we can conclude that the 70% of IQ, innate and ¸god given is rubbish and the remaining 30% of IQ is barely enough for a person to Understand his Own Bill come due. For his paying his Last Supper.
If the IQ is 30% written in a person genes and 70% is culture and learning achievements, then,
Considering the facts shown through history, where the human parasite never solved any of his problems without creating new ones, considering the overall entropy, inefficiency, greed, stupidity proven by facts and the growing destruction of his own means of subsistence, we can conclude that the 30% of IQ, innate and “god given” is rubbish and the remaining 70% of the IQ , gained through learning and culture, as shown through history, is barely enough for a person to Understand his Own Bill come due. For his paying his Last Supper.
Now, there would be a solution, but it is hard to grasp. If you have 70 of genetic potential and 70 of culture and learning, then you can reach at least the IQ of 140! 🙂 (can˙t stand to be serious..:)
Hi there . Considering that with the Nobel economy prize money (some 500 000 euros)you barely can buy a toilet space (without the dinosaur in it) in a central Paris district at the champs or a small balcony in Bejing, overlooking the Tiananmen square…:) and keeping in mind the lousy Nobel value bank money that a normal banker broker spends in a normal weekend on champagne caviar and coke smoke girls band gang party,
Here are the two Nobel prize themes- entropy and the money creation, Nobel prizes in economy and fiction and you must decide which is which and win yourself.
The proof of the lousy IQ is the concept of money creation.Almost Nobody understood the most simple logic of it.
If you make one dollar out of nothing and lend it, then, after a while you get back the dollar lent with interest, you have one dollar plus interest in your pocket, because you started from Nothing, zero, nisba, .
Te same goes if you give a a collateral to the bank like your house if you do not repay the debt, if you do not repay, the banks takes the house and sells it and you get nothing out of this sale, it goes to the bank. The house is not destroyed ,as many paid bullshitters say that the money is destroyed in the process of lending. Also the Witchdoctors collateral, the 666 milimeters ( the number of the beast:) big ball of gold,given as a collateral to the bank for non paid back debt is not destroyed by the bank, Physics is Physics.and you are less than a bee.
Since Bank of England, Bundesbank and the experiment of Richard Werner have proved it,Marco Saba videos prove it, Michael Rowbotham-the grip of death- has a book on it, etc, then,
Your IQ is very low,you are less than a bee.
Private banks make money out of nothing and they need not to lend reserves or whatever existing on their books..to you.
The accounting system of fraudulent bookkeeping is legal and goes from the late middle ages on till today without significant changes, regardless of the different fiat money production.
The basic macro effect of private banks money lending,considering the current banking laws and the current accounting rules of the banks and States which are enforcing them is that banks lending money practices produce 50% of non accounted entries in the whole economy ,entries which disappear through a back door somewhere,they do not need to be accounted for, legally..If a bank lends one dollar from- out of nothing and receives back one from the real economy,half -50%, 50% of overall the sum of the society money creation made with multiple private banks lending- goes back to the banks.
The money, which comes in existence as DEBT and the part of the interest the banks charge for the loan is never created by the bank, thus the shortage and default of subjects. This interest has to be scratched somewhere, where, you know how….. cut, do not eat, make profit,beg, steal,or borrow around from the mafia.
Why does the “markets” ,a dark god, want austerity?They do not want competition on the market.They do not want somebody else to compete in having property rights and claims ,especially as their goal is privatization and buy out of all what is and will be on sale.They have to invest this 50% somewhere.
The 50% of money in circulation ( lend one$ from none, get back one$ is two$ for both-bank and borrower, 50% is half for the bank when one$ is returned, ok, you, less than a bee), the part the banks get back when the loan is paid, are processed to:
All the sycophants,the Public “Servants”, tens of thousands of mainstream “economists” commentators,think tanks, media, Politicos, parties,intellectuals universities…this is the the power of the Income Defense Industry- See the book of Jeffrey Winter- Oligarchy- Income Defense Industry which employs hundreds of millions of people, plus millions of manipulators which prop the system up.
It is the Theology pyramid; hundreds of millions of followers and believers who are sheeple, tens of millions who know the rules, millions who know that there must be this kind of rules, millions who know why are this rules, hundreds of thousands who understand why the need to enforce the rules, tens of thousands who know the mechanism of rules , thousands who know the importance of manipulation, a few thousand who know how the real system works…
The sharia of the neoliberal church.
A part of the 50% of the bank money creation goes to the front desk above the board bank functioning even in times of low lending.
A part of the 50% of money in circulation the banks own and keep after the lending process is repaid, goes to ; investment funds, all kinds of Special purpose vehicles,all types of Matrioska holdings which convey Assets, stocks and CDS, Swaps, derivatives, shadow banking etc, etc. and all the casino gambling industry, hundreds of millions of people.
The repeal of division between credit and investment bank practice – the demise and disbanding of the Glass Steagall act on a global scale helps the merging of lending and investing part within the same bank and all the creative bookkeeping possible ,by the nature of the money creation as described here. The one$ returned goes to the investing part of the same bank and disappears in the global market.
This is a VERY , Very costly system, because the stakes are so high, hiding the true nature of money creation is very costly and to keep it going without turmoil the Income Defense Industry must work full time 24/7.
The exhilarating fact is, that, if the banks , with the change of the banking laws were forced to declare the out of nothing money creation and the consequent income,the cost of it, taxed by 15%, 20% would have been less costly for the bank than the cost of this global manipulating scam they are perpetrating!.
But, in this case, there would not be possible a planned buy out, a push for wholesale auction of the whole planet on behalf of the banking money.
Keep an eye on 21minute of Richard Werner Rhodes lecture, where it is clear that the borrower is , in the act of borrowing, according to the English banking law, de facto underwriting- Buying a bank security in the banks name as an excuse for money creation when receiving the loan in dollars! Certainly the stocks do not disappear when the loan is paid back!
Another proof-Simon Thorpe. Banks have trillions in assets and so little of their OWN capital. It is a simple rick, The bank makes one$ out of nothing and writes the minus-the liability- Directly in you bank account. Instead,to do it proper,when making one$ out of nothing the bank should write it First in some Lending Capital Entry as a Positive ENTRY- an asset ,then move one $ out from the Lending Capital entry to your account, writing minus in lending capital entry and a minus in your account until is repaid , when you pay back, your account is even, the one$paid back moves from your account to the Lending Capital account as a positive number entry! THE MONEY WHICH THE BANK GOT BACK SHOULD BE ACCOUNTED IN A LENDING CAPITAL ENTRY AS PLUS. Lending capital account should be consisting of the two sides , money lent and received and money waiting to be received.
This never happens and so… you are less than a bee.There is no Lending Capital entry of money which came from nothing – all paid back loans which were made out of nothing as an asset!. To be taxed later by the State as an income..There is only the paid interest money shown in the entry and the other part just, hop, went to zero!
They say that the Witchdoctors 666milimiters golden ball was destroyed when it was confiscated by the bank because WD did not pay back his loan!
You may ask, why then, they, with all that money made through lending , why they do not buy all existing, now, Asap?
Because not all is on sale NOW.But the neoliberal economy works and pushes for Legislation which will make more property rights, services air water land space , … to be on sale. That is the famous privatizing process.In the meantime they try to make countries go to default by debt and try to buy all in the process of defaulting,..The Governments in this austerity model overtax citizens to pay their debt and so the citizens are slowly forced to sell.So are the Governments, but they have been bought long ago. Listen to them talk.
But not all on the market is, currently, interesting to buy.There is not(yet) all on sale and there is not all worth buying. Land grabbing, mineral, oil,water grabbing, coast , beach mountain grabbing, nice towns, real estate grabbing through Airbnb property concentration capital, some other stuff which gives a return in new income, etc.Buying monopolistic services, like water, health, pensions, or garbage collection, energy supply essentials… you name it.
The process is slow and in the meantime a part of this 50% of money goes to stocks,financial speculation… or is parked in heavens.
This is a Witchdoctor prologue to the Entropic Effects of the money creation through loss of inner dynamics of the human societies, depauperization, poverty,and the concentration of basically IDLE WEALTH on the other side in the hand of the few in this model of money creation. And the interest logically tends to zero as the money in circulation is huge and demand for money is low in comparison to the volumes of the money creation on the bankers side and logically there is no inflation since inflation is counted for the serfs incomes and the offer of goods is enough and exceeding the needs. Up to now.The bubbles are in finance, assets and derivatives…to some extent the real estate is in a bubble for the serfs, the real posh best real estate is so expensive you can just dream of it.
All this scheme, needs a constant control of all movements through space as in time of all the serfs.To be on the safe side and to enter the 0 year, Orwell Time, until all goes bust.. for all.
This is a Prologue.
The room was completely bare and white, as it must be in the never ending bauhaus era..On the hologram table was floating a thorn notebook. The window occupied the whole back wall and the undefined ruins of Bretton Woods hotel, or maybe a Overlook Shining Hotel and somebody, John Keynes or it was Jack Nicholson, was skating on the outside.
The Long John Silvermind was sitting in is holographic office of pure Bauhaus white Bank. Only the paper notebook in his hand was real.The window on his back was huge, outside on the hill the Overlook hotel remains were fading in the dusk.
He was waiting for his pal , correspondent, George 36 diamond teeth von Skull.The hologram sliding door doctor opened it.It was the last day of the entropy wave and the fuzzy atmosphere reigned in the room.
“I know we met at the 16th shot at the OK Corral, but that was long ago and the times have changed” said Long John Silvermind , pointing at the ruins of the Shining Bretton Woods hotel with John Keynes Jack Nicholson skating .
“ How much?” George ,36 diamonds teeth flashing, from Von Skull Bank, asked “A bIllion, today?”
“ Ok, you will lend my investment company a billion and I will lend your investment company a billion” said Long John Silvermind. He tore the paper from his notebook and wrote the transaction with his worn pencil.
“We are done” George von Skull said and signed on the torn paper.
“ Isn`t it fantastic, a five minutes work! You got a Billion from me, you produced a billion out of nothing and lent it to me and I did the same for you! We have now each two billions, one in the Investment fund and one in the bank account , hmmm, let better say we have the billion…. somewhere.” Long John Silvermind was rubbing his hands…
“A slow day, today” said George von Skull, “lets do some credit swaps and make some derivatives out of this billion we have each in the “bank account” “, he winked.
“ Yeah, why not, the thing just grows and grows…” said Long John Silvermind, closing his notebook and switching off the holographic bauhaus white bank office.
“ Still running amok, these two out there” remarked George von Skull,while leaving the bare platform, pointing at the two figures- John Nicholson Keynes skating by the ruins .
“ Poor sods” said Long John Silvermind “they are lost in transition, forever.”
Witchdoctor
What effect on a secular stagnation, depauperization of the society, falling income and etc, has this 50% of money creation, disappearing out of real economy and how is this 50% divided in the next loop, is part 2