Tag Archives: debt slavery

The Apologia Of An Awakening Real Estate Agent

25 May

awakening

Reader “Phil” had the following to say, in response to Thursday’s post, Real Estate Marketers Now Out To Get Your Kids.

His words are an object lesson for real estate industry professionals everywhere (my bold added):

As a licensed real estate agent myself, I would like to suggest a difference between single office agencies and franchise groups. The typical stereotype of a real estate agent is derived from the high flying top 3%. There is no doubt there are some wankers in the industry. The rest that I know are hard working good people who support families and employ staff of 10 to 15 on average. That goes for many of the offices within franchise groups.

Since 2008, I have stood back and looked at the industry a bit differently. I have recognised that most real estate agents have no idea that it is bank credit expansion that causes house prices to rise. Or as Steve Keen explains, actually “growth” in credit expansion.

This is only possible due to legislation allowing private banks to use housing equity as security to create credit. We just continue to do this as that appears to be the way it always was. (IMO housing should be a consumable not an asset).

BTW, hat tip on your recent article exposing those who foster the continuation of the “housing industry” as a financial derivative.

Back to the franchise groups and franchises in general (Parasites!!!). This is not unlike usury or rent seeking. They take franchise fees from hard working small businesses and promote corporate ideals. The LJ Hooker promotion is revolting IMO.

I keep returning to your story of the used car salesman. Most people just keep doing what they know to do to get by or maybe get ahead. We are all preyed on by those who control and promote the FIRE structure.

As one who is now seeing the reality of this I feel a responsibility to speak. Much as you do. I tend to do this even as it makes me an outsider. Strange that huh?

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A May Day Economic Jeremiad For All Ages

1 May

jeremiad

An Act Against Usury

Edward VI, King of England and Ireland

“…For as much as usury is by the word of God utterly prohibited as a vice most odious and detestable as in divers places in Holy Scriptures it is evident to be seen which thing is by no godly teaching, and persuasions can sink into the hearts of divers greedy, uncharitable and covetous persons of this realm, nor yet by any terrible threatenings of God’s wrath and vengeance that justly hang over this realm for the great and open usury therein daily used and practiced, they will forsake such filthy gain and lucre, unless some temporary punishment be provided and ordained in that behalf. For reformation whereof be it enacted by the authority of this present parliament, that from the first day of May, which shall be in the year of our Lord 1552, the said act and statute concerning only usury, lucre, or gain of or for the loan, forbearing, or giving days of any sum or sums of money, be utterly abrogated, void and repealed. And furthermore be it enacted by the authority aforesaid, that from and after the first day of May next coming, no person or persons of what estate, degree, quality or condition, soever he or they be by any corrupt, colorable or deceitful conveyance, slight, or engine, or by any way or mean shall lend, give, set out, deliver, or forbear any sum or sums of money to any person or persons, or to any corporation or body politic to or for any manner of usury increase, lucre gain, or interest to be had or hoped for over and above the sums so lent, given, set out, delivered or forborne, upon pain of forfeiture of the value, and well of the sum or sums so lent, given, set out, delivered or forborne, as also of the usury, increase, lucre, gain or interest thereof. And also upon pain of imprisonment of the body or bodies of every such offender or offenders, and also to make fine or ransom at the King’s will and pleasure.”

By this proclamation, the boy-king Edward VI restored the longstanding English legal prohibition against all forms of usury; a prohibition revoked by his father, Henry VIII.

It is well to consider thoughtfully the state of the English economy, and especially its social conditions, during the period where usury was outlawed:

What was our western world like before the debt-economy?

Thorold Rogers, Professor of Political Economy at Oxford University in the middle of the 19th century wrote: “At that time (i.e., the Middle Ages) a laborer could provide all the necessities for his family for a year by working fourteen weeks.”

…the fiery 19th century historian William Cobbett, after visiting Winchester Cathedral and marveling at its beauty, told his son: “That building was made when there were no poor wretches in England called paupers… when every laboring man was clothed in woolen cloth and when all had plenty of meat and bread …”

Thus we have a picture of a well-fed, prosperous community, working commercially, or for gain, about one third of the year and with dozens of holidays a year… It was a time when Englishmen called their land “Merry England,” when they owned their property with allodial title (irrevocably free and clear), instead of paying “rent” (as property owners do now… in the form of property taxes to the government).

It was in the Middle Ages of Europe when the magnificent Gothic cathedrals were constructed with voluntary subscription and labor, edifices of such beauty and power as to amaze the modern onlooker. Dozens were constructed, all without mortgages or debt of any kind; without usury. A society without usury is nowadays derided as inevitably backward, if not impossible. Those who visit the medieval Gothic cathedrals of Britain and Europe gaze upon massive edifices of splendor and proportion which we, with our usury and technology, have yet to equal.

Source: Michael Hoffman, Usury In Christendom (2013)

Imagine A World With No Banks

27 Apr

Sradar_Sarovar_Irrigation_Canal_-_largest_lined_canal_in_thwe_world

Imagine a world where banks are redundant … because everyone is a bank.

Read more here…

Spirit Of Caring Has Lost Its Way

24 Dec

Senator Joyce writes for the Canberra Times … and succeeds marvellously in riling up all the usual humourless egocentric “pseudo-intellectual Gucci fleas”, as a quick search of the blogosphere will affirm:

Spirit of caring has lost its way

I like genuine agnostics. They don’t get bent out of shape by other religions; they are just thinking about it and them and how and whether they all stick together. Whatever blows your hair back is good to go for them. They may be ambivalent, but at least they live and let live.

My war is always against that religion called atheist extremism, that sneaky sect. Its advocates’ belief in nothing is more affirmed and uncompromising than just about anyone else’s belief in anything. Oh, they are all so proper and stuffy and impossible at drinks, which, at this time of year, revolve around an institution that apparently they are in mortal combat with. They say ”greetings for the season”, which has about the same warmth and credibility as ”greetings, earthling”.

They send Christmas cards but abhor the mentioning of Christmas in them. What is the point – as if there is any other time of the year that you arbitrarily send out dozens of cards. The purchase of their yuletide folded cardboard comes with the notation ”seasons greetings”, which is, as I have noted before in this column, the salutation to be given to stuffing inserted into the cloaca of the Christmas turkey. My office colleague now informs me of yet another cryptic politically correct annotation, ”happy holidays”. Surely they let something slip saying ”holidays”, which is derived, of course, from ”holy day”. Maybe ”happy days of pleasure” would be more politically correct and could come with a very interesting picture for the mantelpiece. They insist on changing BC and AD to BCE and CE, which is what? Banco Central del Ecuador and a Colonoscopy Endoscope?

Yes, this sect’s followers make their way on to your veranda then hold a righteous court of sneering indignation about the crib in the park. You can hear yourself muttering under your breath, ”I wish you would go drown yourself, you pseudo-intellectual Gucci flea.” They write letters to complain about the incorrectness of carols at the school and picket the Christmas tree. To not insult their religion, you must no longer follow yours. They yearn for the fallacy of a vacuum and they demand that you join them in that philosophical void.

The solution, of course, is that they should all just remain at work while the rest of us go on holidays, and we can double the pleasure by knowing that, when we return, they can go on theirs. This doubles the time away from each other.

I have recently returned from Taiwan, a trip paid for by the Taiwanese, and they appear, in a predominantly Buddhist country, to be more understanding and tolerant of Christmas than some sections of Australia. They also appeared to have no problems with Christ’s relevance to the notation BC or AD, Augustus Caesar’s relevance to August, Julius Caesar’s relevance to July or Thor’s relevance to Thursday, points which Christians have been dealing with for a millennia or so without too many revolutions.

The Taiwanese have probably come to the conclusion that a ceremony that celebrates a person who said such things as ”blessed are the peacemakers” and implored people to look after the poor and cured lepers is probably not too much of a threat to the corruption of children.

Anyway, Christmas is here and I hope we borrow a little from the person who kicked it off. The timing at the end of December has more to do with the celebration of the pagan festival of Saturnalia rather than when Christ was actually born. Those politically incorrect early Christians had the good sense to roll with the customs rather than to rage against them.

In borrowing from the ethos of the person from which the term Christmas was named, this time of year means more than drinking litres of Crownies with anyone you can tackle after 4pm every day for a week. Looking out for the lonely is always a good place to start, maybe even being brave enough to buy some newspapers, some glossy glamour magazines and stroll up to the hospital and see if you can find someone who is not surrounded by family and friends. That was the trick we used in Vinnies; if they wanted to talk, they did, if they didn’t they took the paper and said, ”Thanks, Merry Christmas.”

Yup.

“The timing … has more to do with the celebration of the pagan festival of Saturnalia rather than when Christ was actually born”

As your humble blogger pointed out to friends recently:

So you really think that shepherds were out in the fields at night … in the dead of winter in the Northern Hemisphere?

Happy Winter Solstice, dear reader 😉

Or in our case, Summer Solstice.

Don’t forget … our days just get darker from here.

But on the bright side … it’s always darkest before the dawn.

Mind your credit debt card now.

Bah, humbug.

Bankers – The Root Of Evil

11 May

Banking was conceived in iniquity and born in sin. The Bankers own the earth. Take it away from them, but leave them the power to create deposits, and with the flick of the pen they will create enough deposits to buy it back again. However, take away that power, and all the great fortunes like mine will disappear — as they ought to in order to make this a happier and better world to live in. But, if you wish to remain the slaves of Bankers and pay the cost of your own slavery, then let them continue to create deposits.

Sir Josiah Stamp (1880-1941), one time governor of the Bank of England, in his Commencement Address at the University of Texas in 1927. Reportedly he was the second wealthiest individual in Britain.

Bankers have become even more ‘sophisticated’ in the many decades since Sir Josiah Stamp let the cat out of the bag. Now, not only do they create ‘money’ out of thin air by signing you up to a loan – which is entered into a computer as a brand new “deposit” for you to spend – they also ‘manufacture’ all kinds of ‘synthetic’ money substitutes too.

They’re called “derivatives”. Or, as Warren Buffet called them, “Financial weapons of mass destruction”.

And bankers can create as many of them as they wish, because there is absolutely zero regulation of the derivatives markets. To give you some idea, at the peak of the first wave of the GFC in 2008, there was around 1.44 Quadrillion $USD worth of OTC (“Over The Counter”) derivatives in existence.

Why is this important?

Because the $1 Trillion funding to save the Eurozone announced yesterday is meaningless.  The Eurozone cannot be saved, no matter how much money the EU tries to beg, borrow, steal… or print.  Because banksters like Goldman Sachs can simply create ever greater mountains of ‘synthetic’ derivatives with which to attack debt-laden countries, one by one, starting with the weakest.

From ZeroHedge:

Jim Rickards: “Goldman Can Create Shorts Faster Than Europe Can Print Money”

Jim Rickards, who recently has gotten massive media exposure on everything from the JPM Silver manipulation scandal, to the Greek default, was back on CNBC earlier with one of the most fascinating insights we have yet heard from anyone, which demonstrates beyond a doubt why any attempt by Europe to print its way out of its current default is doomed: “Look at what Soros did to the Bank of England in 1992 – he went after them, they had a finite amount of dollars, he was selling sterling and taking the dollars, and they were buying the sterling and selling the dollars to defend the peg. All he had to do was sell more than they had and he wins. But he needed real money to do that. Today you can break a country, you don’t need money you just need synthetic euroshorts or CDS. A trillion dollar bailout: Goldman can create 10 trillion of euroshorts. So it just dominates whatever governments can do. So basically Goldman can create shorts faster than Europe can create money.

The world is not ruled by politicians.  It is ruled by banksters.  Most of us simply don’t quite understand that, because we don’t understand how they do it.

It is very simple.  Well before most of us were born, bankers were given the exclusive power to create ‘deposits’.  Which you and I know as ‘debt’.  And which is now called ‘credit’ … because it appeals to our Pride, and sounds so much nicer, to delude ourselves that we have been given ‘credit’.

When in reality, what we have been given is a Debt.  By accepting the offer of ‘credit’ (Debt), we sell ourselves as slaves to the bankers.

They know it.  They’ve always known it.

Now you do too.

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