Archive for the ‘Fractional Reserve System’ Category


July 4, 2015

The Champagne region was proclaimed a world heritage site by UNESCO today. Champagne, a method to make sparkling wine, was created by a cleric, Dom Perignon, four centuries ago.

Mr. Yannis Varoufakis, Greek finance minister: “Why did they force us to close the banks? To instil fear in people. And spreading fear is called terrorism.” Indeed. That is what I was saying before: arguably the demons of High Finance, the shills of the IMF, Goldman-Sachs, the ECB, etc, are the main force deep behind Islamist Terrorism, because they cause misery, while weakening enormously the military capabilities.

Added Varoufakis:”The EU will have no legal grounds to throw Greece out of the euro, and then the real negotiation will start with creditors.”

Unbelievably, the European Central Bank has put the entire Greek economy in a deep freeze, with a very low ceiling on the Emergency Loan Agreement (ELA). What for exactly? With which authority? Just because its (ex) Goldman-Sachs head, Draghi, is used to make a profession from dragging people in misery?

Bait & Switch, Or How The Public Was Made To Pay For Being Ruled By Banksters

Bait & Switch, Or How The Public Was Made To Pay For Being Ruled By Banksters

Look at these numbers above: how come France, Germany, Italy, etc. invested in Greece? Of course they did not. What they did is that they “lent” Greece money so that the Greek plutocrats then in command of Greece could refloat the French, German, etc. bank subsidiaries which had gone bankrupt lending to fellow plutocrats they had met earlier, taking champagne baths, all together. Now we are supposed to drain the bath, and serve them more champagne.

Meanwhile, Christine Lagarde, the Marie-Antoinette who proposed that, because gasoline was to expensive for them, the French ought to switch to biking, hangs tough about “Greece”. A buffoon shilling for plutocracy with a misleading French accent. Just look at her shifty eyes: she knows how dirty she is.

As Oxford economy professor Simon Wren-Lewis puts it, the IMF was “captured” by the banksters: “the Troika made a huge mistake in using their citizens’ money to lend to Greece so Greece could partially repay these private sector creditors – that is where most of the Troika’s rescue package went.”

(Yes, apparently, 92% went to banksters; but thanks to propaganda, most people believe We The People of Greece splurged, whereas, it is the banksters who splurged).

The first order of plutocracy, nowadays is banksterocracy: bankster-power. Let me quote extensively from Atrios, a USA citizen originally from Australia, with a PhD in economics. Atrios writes a wildly successful blog, taken seriously by major economists. Quoting others extensively, Atrios comes below to the conclusion I reached more than six years ago, about the nature of who rule us, and this is most pleasing:

“Saturday July 4, 2015: What’s It All About Then

Greece’s Euro “membership” isn’t about using the currency, it’s about having access to various loan facilities and support from the ECB, which it already doesn’t have.

Bloomberg reports that Bulgaria, which is not a Euro member but backs its currency with Euro reserves, has just been allowed to borrow from the ECB at the same rate as Euro members, thus enabling it to firewall its banks from Greek contagion. This is a privilege normally only accorded to Euro members – and it has been WITHDRAWN from Greece. If this is true, then Bulgaria (non-Euro member) can obtain Euros from the ECB while Greece (Euro member) cannot. It is hard to see what benefit Greece’s Euro membership confers, apart from redistribution of seigniorage receipts.

And finally someone gets the logical endpoint of central bank “independence.”

For the central bank of a currency union to deliberately restrict the money supply in regions within the currency union is bizarre. No other currency union central bank on earth does this. It would, for example, be unthinkable for the Bank of England to deny liquidity to Scotland’s banks. But the ECB has denied liquidity to Greece’s banks, not because they are insolvent (which is a reasonable reason to deny liquidity to banks) but because the sovereign won’t toe the fiscal line. It has taken on a political role that it should not have.

Of course, the ECB’s shareholders are the member state governments. But those governments have bound themselves by laws and treaties that prevent them interfering with or in any way controlling the ECB. So the Eurozone is in reality a financial dictatorship run by bankers. I struggle to see why anyone would voluntarily join it, let alone want to stay in it. But that’s democracy for you.

Whatever it is, it ain’t democracy. It’s banksterocracy. The concept of central bank independence was, once upon a time, thought to be necessary to prevent irresponsible governments from doing, or being perceived as doing, irresponsible things with the money supply. Now the point of central bank independence is to hand immense power to a bunch of unelected unaccountable people engaged in revolving door careers with the banking system. Let’s continue laughing at the silly Greeks and their silly corruption.  

The first irresponsible thing to do with the money supply is not to provide enough money to run the economy. This was a major problem during the Roman empire’s Fourth Century (due to a dearth of precious metals and not enough police powers to insure the value of the Fiat Currency). By 300 CE, the imperial government instated a massive command and control system to insure the core functions of the economy.

The problem we have now is different: so-called austerity is actually a refusal to finance important sectors of the economy, including not just basic decency, but also science and education. Meanwhile China has boosted its science budget to a nearly incomprehensible 192 billion dollars (more than all the West combined).

China is right. 100%. (Then the land of Confucius gets accused of “ethical breaches”, by professional bleaters, for pulling ahead on genomic research)

On the other hand, those who have starved, and are starving the European economy, from sheer lack of currency, are not just betraying their birthplace, but civilization itself.

Patrice Ayme’


DSK, Hillary, & Spiritually Corrupt Justice

June 13, 2015


Hillarious Clinton: Will the Joke Be On Us Again?

Ex New York Senator and Secretary of State Clinton made her first major campaign speech. In New York, with the reborn World Trade Center in the background, as she pointed out. She looked fantastic, spoke even better than that, and promised plenty of candy to anybody who voted for Obama.

Is she for real? We now know Obama was not for real: when he could have done everything, in the beginning, he did nothing. I got very depressed (I am intimately involved). Now Obama has stooped, for all to see, to ally himself with such right wing extremists that even plutocrat Pelosi voted against him. Obama fights to enable plutocratic corporations to sue the government of the USA, one of the many seductions of the TPP. That Trans Pacific Partnership is negotiated in secret, among the haves, as it should.

Tigers & Plutocrats Have A Sense Of Right Which Makes Them Even Worse

Tigers & Plutocrats Have A Sense Of Right Which Makes Them Even Worse

[Siberian/Amur Panthera Tigris Altaica.]

Is Hillary for real? It’s hilarious: there is no choice. The excellent Senator of Vermont (Green Mount in French), Bernie Sanders, has a much better program: to make the USA like France (hopefully without the tyrannical French law, administration, and taxes on the middle class).

Bernie’s program could be paid, if, and only if, the taxes on the rich got as high as they were in the 1940-1970 period. However the vulgum pecus has been conditioned to identify with the wealthiest, spiritually speaking. An hilarious form of corruption. Bernie would lose to Jeb Bush, as a result.

It’s hard to have a democracy when common folks’ spirits are those of dogs conditioned like Pavlov’s dogs, to salivate, each time they hear of wealth and mentors.


Carlton Affair: Sex Drawing Rights?

Carlton is a luxury hotel in Northern France where Dominique Strauss-Kahn (“DSK”), ex-head of the International Monetary Fund, was suspected by French “judges” to have organized an international prostitution ring. How likely did that sound? Not too much: no government prosecutor could be found to prosecute DSK about this. But the judges persisted in their search for judgment of whom Manhattan (aka Wall Street) found right to jail. Perhaps the honorable French judges hoped to qualify as honorary Wall Street Very Important Persons, or something equally worthy. In this plutocratic world, consideration by the wealthy has become everything (wealth can even get you passports fast!). Wall Street inspired “justice” has been relentless to find that whoever looks like strong competition is in breach of the law of the USA.

After four years DSK and 13 other co-defendants were found not guilty whatsoever. DSK said: “Tout cela pour ca. Quelle destruction.” (All this for this, what destruction.)

DSK of course deserved his punishment: he drew for hundreds of billions of SDR. DSK was then ripe for retaliation, extortion, vulture justice. See how it all started, from that well known left wing propaganda outfit, CNN, which wrote in 2011:IMF calls for dollar alternative”:

NEW YORK (CNNMoney) — The International Monetary Fund issued a report Thursday on a possible replacement for the dollar as the world’s reserve currency.

The IMF said Special Drawing Rights, or SDRs, could help stabilize the global financial system.

SDRs represent potential claims on the currencies of IMF members. SDRs can be converted into whatever currency a borrower requires at exchange rates based on a weighted basket of international currencies. The IMF typically lends countries funds denominated in SDRs

While they are not a tangible currency, some economists argue that SDRs could be used as a less volatile alternative to the U.S. dollar.

Dominique Strauss-Kahn, managing director of the IMF, acknowledged there are some “technical hurdles” involved with SDRs, but he believes they could help correct global imbalances and shore up the global financial system.

Over time, there may also be a role for the SDR to contribute to a more stable international monetary system,” he said.

This is what Keynes wanted to do, as head of the commission in charge of setting up the world financial system in 1944-45. Lord Keynes, who could not be accused to not be a racist plutocrat, found himself in a total fight with the government of the USA. Enable to stop Keynes, the USA finally made a forgery, and substituted the forgery during the signing ceremony. This is how the dollar became the world’s reserve currency (a move that torpedoed Europe as an independent financial actor). But here is again CNN Money, from 2011:

“The goal is to have a reserve asset for central banks that better reflects the global economy since the dollar is vulnerable to swings in the domestic economy and changes in U.S. policy.

In addition to serving as a reserve currency, the IMF also proposed creating SDR-denominated bonds, which could reduce central banks’ dependence on U.S. Treasuries. The Fund also suggested that certain assets, such as oil and gold, which are traded in U.S. dollars, could be priced using SDRs.

Oil prices usually go up when the dollar depreciates. Supporters say using SDRs to price oil on the global market could help prevent spikes in energy prices that often occur when the dollar weakens significantly.”

As many men of power, DSK was sex-crazed (although this is a tangent, it’s an important one: when you are at war, trying to impose your power, you need extreme aggressivity, and, in males, sex and aggression are roughly connected; so sex acts as a relief; the present French president is supposed to go around like a crazy rabbit, although he looks like nothing; Dr. Goebbels, the Nazi, a deformed midget, was even worse; his hatred of Jews was born the day a beautiful Jewess dared to turn him down; when the time came to take out Assad, the sex crazed Hollande had the balls, but Obama lost his; Hillary, a hawk who long watched Bill, has her own domination hormones; she actually said something very strange, exciting, scary and extremely revealing, in her own discourse in New York, I have to check the transcript, before writing it down here…).

So DSK was easy to bring down, by making sex charges against him. In the Carlton Affair, extremely expensive prostitutes operated on several continents, including the USA (yes, the USA is a country-continent). For the occasion, apparently corrupt (French) judges, posed those ladies of sex as “victims”.

However, there was no evidence whatsoever DSK ever paid a dime for sex. He was adamant that he never did, that defeated the purpose (seduction from his good looks, I guess…). So who paid those hard sex workers, to pose as victims? Those ladies who charge a thousand Euros a night? The judges? People whom the judges should have known about? Girls want to know.

Some will sneer that I proffered the heavy accusation of corruption against judges, without any direct proof, and that, this is, per se, a crime.  Yes, it’s a crime, as implementing a plan to draw trillions of dollars worth of SDR by DSK was a crime. To paraphrase president Jefferson, some crimes it’s our duty to commit.

There are two types of corruption: what is labelled as such in some countries under some laws. The plutocracy of the USA is notoriously equipped with laws to accuse rivals of corruption. In China, president Xi had the ex-security chief, Zhou Yongkang, condemned to life in prison, for corruption. In an officially secret trial. Corruption, there too, is in the eye of the beholder. Xi’s family is said to own hundreds of millions of real estate in Hong-Kong alone.

The other type of corruption is mental. The spirit itself is corrupt. It is broken-with. In the case of Obama, the left, the spirit of the left, with the help of the naive, such as yours truly, elected someone whose spirit was, deep down, straight out of the London’s Financial Times. The spirit of the left was ruptured-with the spirit of the Financial Times.

When the currency of one country controlled by Wall Street, is the world’s reserve currency, there can’t be economic, financial, and social justice, worldwide. This is the spirit which break the spirit of justice. Whether French judges were aware of this, is unlikely. Instead, they got carried away by a weird spirit of justice which defined the partisan of SDRs as the devil incarnate, and blackmailing high class prostitutes into confirming this, was viewed as justice.

The tiger is most dangerous, when he believes he fights for justice. Yet, there is no justice when the very spirit of justice has been corrupted by anything far removed from correct human ethology. Sex is ethological, the dollar as world reserve currency is not.

Will Clinton be able to undo some of what her husband did, when he himself undid president Roosevelt’s Banking Act of 1933? Why not? That would be the best way for her to divorce him, and impose whom ought to have been really the boss, and rule, with a less corrupt spirit.

At some point, the true leaders of the human spirit realize that to leave behind a nicer place in the sun is more important than to get to a place in the sun. Obama got to his place, played big boy on the town, forgot it took balls to be the real thing, communed with the spirit of London’s Financial Times, and wasted our times. A mother may be keener to leave a better prospects for Earth behind.

Patrice Ayme’