The stealing is going ahead but they need to do a weekend song and dance about it. There is absolutely no justification for the stealing whatsoever. Its a heist, carried out in the full view of the public. It shows which sectors of society actually run things. The heist is in fact the acid test for the discovery of what sectors, in effect, control society. Its just a heist. A heist with no need to plan the getaway. Its a heist and nothing good can come of it. Any alleged ”good” that may possibly be ascribed to it, in the future, without people chuckling, will come out of any action that leads indirectly to an increase in the monetary base to replace the collapsing ponzi-,money. But that increase in the monetary base can be done directly and even the court economists, in total awe of the crafty song and dance men in the financial sector, know this. Any economist who wasn’t playing hooky during monetary economics knows this. Humphreys must have had a good long look at himself. Because he has come out and admitted this and has finally done the right thing and told everyone that a bailout is not necessary. Humphreys has come back to righteousness, after a fashion, and has made it clear to the laity that only an increase in the monetary base is necessary and every economist that understands money knows this.
Nothing that these lunatics do, EXCEPT for increasing the monetary base, can possibly help the real economy at this point. I advocate the two-pronged use of controlling the monetary base and reserve asset ratio, because in reality these are the only things that work. The interest rate policy only has an effect indirectly. But its part of the bankers code of silence that they make a big deal of things that have no functional purpose, aside from banking sector enrichment, and do all the actual useful stuff, such as injecting monetary base, on the sly.
Hence interest rate policy is held to be for the purpose of demand management, but its really for the purpose of bank enrichment. And the demand-management is handled in the background. One shonky practice gives cover for the other via the switcheroo in their alleged justification.
What I mean by this is that if the bankers ever admitted that only money supply and monetary base mattered, and this pretense of mucking about with interest rates was ineffectual and pointless excepting only the indirect effects on monetary base and money supply…………
…. if they admitted this than it would not be possible to use these tools for direct bank enrichment. You lend money to me at below wholesale rates, you are enriching me, don’t doubt it.
So the stealing is going ahead and the Congressmen. Ron Paul and just a few others excepted, are determined to do the stealing. They will have no second thoughts ABOUT the stealing. But the calls are coming in 100-to-1 against the heist, and so a song and dance or sorts is necessary. They will have to “work” (a woman screams) a weekend.
You see , since the heist is utterly unjustifiable, they have to “work” a weekend over it. They have to have the pretense of thrashing it out. But how many of them will stand up and just scream bloody blue murder about it, and point out that its just stealing, and demand that those BASTARDS step outside? Any of the younger Congressman that can muster a bit of patriotism ought to disrupt matters to call for any posing compromisers to step outside. Or duke it out right there in front of the cameras. A good Congressman ought not allow any pretense that this is not a heist. A heist pure and simple.
Two hundred and something years ago, many European countries were basically Gendarmere countries. The strongest lobby sector of society was the military. Britain was probably amongst the healthier societies of the time, because it was reliant on its navy which it kept sailing around the world, and in this way they did not capture the influence of the locals decade-in, decade-out. If we instituted libertarianism we would have to be careful that our Gendarmerie didn’t get too much influence.
But in this day and age its pretty clear who are the controlling sectors of our society. These consist of the public sector lobby group. Whose pathetic opinions, and committed, knowing irrationalism, is most fully expressed by Mark Bahnisch’s treacly-fascist site: Larvatus Prodeo.
And the other sector that has a controlling interest are the fractional reserve crowd. The bankers and fractional-reserve-team-B.
Fractional-reserve-team-B are all those who are conveniently placed to take full advantage of Cantillon (CAN-TEE-YON) effects of new money creation.
If you doubt it then contemplate to yourself how it is that the bankers and fractional-reserve-team-B managed to pull off a massive heist, in broad daylight, with no justification whatsoever, and the only compromise with normal decorum is the idea that these pampered taxeaters have got to go through the motions and “work” a single weekend.