RED ALERT: FX Dislocation In Process

Originally posted by TheDarkNight

Originally posted by DangerDeath

And if Americans don't want it and American Government is doing just that, what is it?

A Fascist Plutocracy?

I don't know if I would call it socialism because socialism usually is the distribution of wealth back to the people not the corporations, am I right? The corporations seem to be calling the shot with all the bureaucrat's in their pockets. Nationalization sounds to me like a form of Fascism because... is not that a tightly control, highly regulated economy?

Theoretically, socialism is a "transitional" period, between capitalism and communism.

Socialism starts with dictatorship of the proletarians, as a war economy, and develops in a manner of skimming those who are productive and redistributing their profit to those who are not.

Exactly what these "bailouts" are about.

Socialism is not the society of the rich. It is the society of the "equality" (a French Revolution idea!).

French Revolution was outsourced to Russia (October Revolution).

Russian "real socialism" was a very inflexible system and allowed criminals like Stalin to kill dozens of millions of those who were opposed to it, and even worse - like what happened under Pinochet in Chile - random terror. It was repeated in Cambodia by the Khmer Rouge. So don't get any illusions about the real socialism.

In Yugoslavia there was invented a softer version of socialism, self-managing socialism. It lasted as long as the West credited it.

Another kind of socialism, like the one in Sweden is more historically accurate (in regards to Marx prediction that capitalism will evolve into socialism and communism).

But, the problem is the "alienation" of human beings.

When you treat a human being as a part of a system, that is the alienation. As simple as that. So none of those systems addresses the question of personality in a constructive and creative way. On the contrary.

The real question, to be or not to be - can only be resolved on personal level. And to quote a character from a movie (the one in which Denzel is fighting, and losing against the Azazel):

When you are a person, everything is personal.

reply to post by ziggy1706


Well Reinhardt was real close IF this is what was predicted..I still say he talks in riddles like Noty', but i digress...

the race to the bottom continues...

Bank Of America Corporation. BAC (NYSE)

8:11am 02/20/2009
Pre-Market After Hours $3.65
Change: -0.24 -6.17%

8:12am 02/20/2009
Pre-Market After Hours $3.63
Change: -0.30 -7.63%



[edit on 2/20/2009 by Hx3_1963]

Reinhardt is now SELLING his knowledge.
Forget about him. As a poet, with great insight, he is dead.

There is one thing why capitalism had more appeal than socialism to some.
The Rich Inventiveness - inventiveness in the markets, science, everywhere.
But it got lost, literally - in translation.
The idea of exchange is not about "what" is being exchanged. The meaning of exchange is the same as the meaning of "spectacle". Exchange for the sake of it.

When you exchange, you actually create new structures (that's where the energy is lost, materialized). But, these structures are consumable. When you acquire "riches" in this manner, soon you discover that those riches are by no means a source of energy for you to use. They are dead.

This is what happened, and is still happening in a decreasing manner, in the world's economy.

In order to stop this loss of such a vital energy, you have to stop exchanging. You have to start sharing. In sharing, it is not possible to decrease the volume of energy. It can only increase, because separate sources add to each other.

That would be the change of paradigm, not some hocus pocus within the existing system.

Europe, several centuries ago, was in the same kind of crisis - bankrupt.
What saved it was the discovery of the New World. So the problem was outsourced there.

Look what they are doing now! Looking for habitable planets! It is so obvious.

But, the problem is, they don't even have a compass to take them there, not to mention the appropriate sails.

Forget about colonizing Moon or Mars. That is beyond reach.

The exchange economy must fall, and it will fall, whether we want it or not. It is a natural process. We are looking at it now and the best thing we can do is depart from it.



[edit on 20-2-2009 by DangerDeath]

"Chinese Premier Wen Jiabao provided the confirmation to what Putin laid out, like a second of a formal motion. Wen Jiabao proceeded from the Davos stage to four European capitals to seal the new path and its legitimacy. The barter system has been launched in quiet, while the Western press continues not to comprehend a ruptured status quo limping along. It cannot; it will not; the transition is on. Not only will the USDollar not provide the global highway for all to travel, but new barter systems will be dominant soon in working around the commodity price systems dominated by the US-UK corrupt price discovery systems."

"They lost it from failed economic policy, wrecked banking systems, fraud-ridden bond markets, corrupted debt ratings agencies, abuse of IMF & World Bank, and the severe backfire of economies that depended upon housing bubbles. Inflation turned on its haughty financial engineers! Nations with insolvent banks, insolvent households, corporations in liquidation, economies in near collapse, they tend not to be good owners and custodians of the global reserve currency!!! "

www.financialsense.com...

Yes this is the talks of what's happening over here! I read about it both openly & 'between the lines' in the European press. I wonder why you can't read about it openly in the U.S press?

Maybe we're on the verge of creating a new global reserve currency for trade, a new Bretton Woods agreement is apparently waiting behind the curtain.

So is the Dollar as a global reserve currency, FINITO?

reply to post by Chevalerous


I can/could see it happening for awhile now...

Look at what's going on over in China...Australia/Africa are Trading Debt for Natural Resources...

Go look at Bloomberg News and notice all the Natural Resources and the Countrys mentioned...
www.bloomberg.com...
www.bloomberg.com...
www.bloomberg.com...

just 3 examples...

Building their barter reserves so when fiat crumbles they'll actually have something tangable/needed/tradable...

plain as day to me...blind people think it's for materials needed to implement stimulus/building programs...

Gold crossed $1K a few ago !!!

Bank Of America Corporation. BAC (NYSE)
9:08am 02/20/2009
Pre-Market After Hours $3.58
Change: -0.33 -8.44%
Volume: 7,172,901

Bank Of America Corporation. BAC (NYSE)
9:11am 02/20/2009
Pre-Market After Hours $3.58
Change: -0.35 -8.91%
Volume: 7,134,243

Bank Of America Corporation. BAC (NYSE)
9:14am 02/20/2009
Pre-Market After Hours $3.57
Change: -0.36 -9.16%
Volume: 7,209,175

DJIA futures down +150

[edit on 2/20/2009 by Hx3_1963]

reply to post by Hx3_1963


Thanks for the Bloomberg links!

Yeah I've seen this coming too and it has been existing for a while on a much lower scale. The problem is that the U.S. will stand outside of this system for obvious reasons, as the "masters of the global reserve currency" they don't want to see this, escalating any further bypassing "Petro Dollar" and other trade in dollar. But there's nothing they can do about it beside a total war against the rest of the world community.

China is just trying to cut their losses, and can you blame them?

So to scream to the world: Buy American First! and screw the rest! is not such a smart move to do right now!

Now we have two kinds of world trades going on, one in dollar and one barter trade outside of the dollar.

Just imagine the implications of this new system for the U.S economy!

I'm sorry to say this, but the conclusion has to be that the Dollar is FINITO! and that there will be a new global reserve currency soon!

reply to post by Chevalerous


Yet it's true...either they don't see it or can't compete, being all we own is debt...

if you go back through my 2009 signature link you can follow these events back for a few...

Citigroup Inc. C (NYSE)
9:28am 02/20/2009
Pre-Market After Hours $2.21
Change: -0.30 -11.95%
Volume: 3,182,621

Bank Of America Corporation. BAC (NYSE)
9:28am 02/20/2009
Pre-Market After Hours $3.56
Change: -0.35 -8.95%
Volume: 7,965,122

Originally posted by TheDarkNight

Hey redhatty, what do you and the others think about us college kids bailing out on our credit card debt?

Thoughts like this are what got us into this mess. You have a moral obligation to pay on debt that you have incurred. Period. Until the house of cards falls and nobody is paying on anything anymore - pay what you owe.

reply to post by Chevalerous


Maybe that's why Obama went to Canada?
Try to seal a deal with them for their Resources?
He better cut a deal with the warlords in Mexico next huh?


A Black Hole is forming...

Bank Of America Corporation
3.24 Change:-0.69 -17.56%

I'm gettin' real itchy here...thinkin' of makin' a Bank Run...

What's really scarey about all this is most people don't have a clue about what's going on out here right now...gonna be completely cought off guard...

[edit on 2/20/2009 by Hx3_1963]

Ha ha ha

Zen master's advice:
Don't run after money. Run after banksters!

It's called: Revolution

Is the private banking model going down???

Anyone?

www.marketwatch.com...[B2FBCBF2-6B26-42DB-A9B6-316ECBED8B0D]


Knowledge (truth, transparency) = Death!

[edit on 20-2-2009 by DangerDeath]

Russia shut down again...

Somebody is again buying off fear at Wall Street....

Fear is the bestseller.
Sell your fear.
Good riddance! (Frog jumps!)

Originally posted by TheDarkNight

Originally posted by DangerDeath

And if Americans don't want it and American Government is doing just that, what is it?

A Fascist Plutocracy?

I don't know if I would call it socialism because socialism usually is the distribution of wealth back to the people not the corporations, am I right? The corporations seem to be calling the shot with all the bureaucrat's in their pockets. Nationalization sounds to me like a form of Fascism because... is not that a tightly control, highly regulated economy?

The essence of socialism is this:

"All the means of production are in the exclusive control of the organized community (the people) without an industrial elit/owners that sucks the worker dry". This and this alone is socialism.

The profits goes back to the people/workers and to further improvements & investments of the production, instead of into the pockets of a few!

All other definitions are misleading!

And most of the means of the U.S. production are now in the hands of elit corporations. So that can not be called socialism.

What you now have is the goverment who is controlled by the corporations which are receiving help from the goverment for the corporations, and that is not socialism, that's fascism.

So I guess you could call this some sort of Corporated Fascist Plutocracy!

Citigroup Inc.
-19.81%
10:17 am est

Bank Of America Corporation.
-13.23%
10:28 am est



[edit on 2/20/2009 by Hx3_1963]

Originally posted by TheDarkNight
reply to post by redhatty

 

Hey redhatty, what do you and the others think about us college kids bailing out on our credit card debt? At this point in time, is it even worth the good credit that would eventually come from paying it off? I mean, I've got $15,000 in cc debt and most of it is tuition. I'm about done with Nursing school and may want to borrow to buy a home after I've paid off my debt and saved up at least 30%.

If this economy (and our government for that matter) is for sure a done deal (as we know it), should I seriously think about stopping all monthly payments and saving what little money I earn for supplies and what not? I've got 2k that was just given to me from a deceased aunt that I was going to throw down on my Citi card and pay it down, but I'm thinking I should keep it and buy food and ammo. What do you guys think? I've got a 700 fica score now.

I would consider this my own bailout as they will get my money soon enough with all the tax I'll have to pay -- and I didn't want them bailed out in the first place. In fact, I called my representatives and said HELL NO!

Please, what do you guys think? ...I respect your judgments after reading so much.

[edit on 20-2-2009 by TheDarkNight]

I would wait alittle longer to stop paying. If the market falls at this rate for say 1 to 2 weeks, yeah its time to bug out and buy supplies.
I am lucky in the fact my college was fully paid for by my father, god bless his soul.
The one thing you will need in a bad economy is food. buy lots and lots of canned food! Spam never spoils.

reply to post by Chevalerous


You never lived in socialism....


It is a candy projection of socialism. But, socialism existed in history and you can easily check documents on how it really was.

In socialism there was elite, it was called Communist Party, and it had its pyramidal structure with Central Committee and General Secretary on top of it. Everybody else was patronized (very wide application of the true meaning of this word).

Originally posted by ziggy1706
Reinhardt predecit march 15th? I read 3 other predicions now...march 15, sometime THIS month in february, and september...

February 9th is when the FX started freaking out and loving USD, although most people didnt notice it. Thank you Red!

March 15th...

I havent heard of this September date yet.

Originally posted by TheDarkNight
Hey redhatty, what do you and the others think about us college kids bailing out on our credit card debt?

I would never advocate being irresponsible. The only folks who actually get away with that work in the .gov, not here in the real world.

Even if we have a reset, your past performance will affect your future options