Entries tagged as Useful ReadingThe Global Financial Economic Crisis - The True Causes And Only Long Term SolutionPosted by bnetwork in
Snipped from SovereignLife
Are you looking for some "clarity" as to why the current financial crisis has happened - and what needs to be done to not only "fix" it, but ensure such events do not happen again? If so, then I encourage you to read what follows - and to download the quoted publication at the end of this message. As financial and market instability persist, as governments flail and fumble, one thing is for sure - we're on the brink of a most serious economic event - a "depression" which is the BUST component of the typical "boom/bust" cycle. Popular criticism is centred on blaming the bankers, the financiers, and to some extent the politicians, and the overall lack of "regulation". And above all there is a consensus emerging that it is ultimately the fault of the free market, of capitalism - and that what is needed to fix this problem is more regulation, more easy credit (debt), and ultimately more government. Nothing could be further from the truth. The cause of the "bust" is the same as the cause of the previous "boom" - the willy-nilly creation of credit out of thin air, for the purposes of creating political and economic advantage in the short term. To understand the root cause of this crisis you need to understand the root cause of "boom and bust". Contrary topopular opinion, this is not the result of capitalism or the free market, rather it's caused by the nature of the banking and monetary system itself - the way it operates. The boom cycle is achieved by the three pillars of the global financial system - the "Trinity" of the banking "religion" - which are fiat money, fractional reserve banking, and central banks. When the pyramid of debt generated by this unholy Trinity gets out of control, it must be liquidated, creating what we call the "bust". Consider these facts: 1. Banks lend out more than they take in. The reason banks can and do fail, is because if all depositors ask for their money back at the same time, the bank is unable to meet such a demand. The money is simply not there. 2. Banks employ what is termed a "fractional reserve" policy, which means they can literally take in $1 on deposit and lend out $10. Thus the basis of the banking system we all take for granted is fundamentally fraudulent. The money you think the bank has on your behalf is in fact not there. The business of fractional reserve banking is based on faith and confidence. In other words, it's a CONfidence trick. 3. It's fraudulent because banks are lending out money held on deposit which is supposed to be "on demand" and are effectively making money on money they do not have, and have no right to use. 5. Because of this fractional reserve system, and the essentially fraudulent nature of it, it's always possible that banks can fail - if enough depositors suddenly show up to withdraw all their money. And to avoid this "ugly" scenario, central banks were created to be "lender of last resort" - in other words to provide the money (out of thin air) the banks don't have, in order to make good on their bogus promises. This is designed to maintain the "faith" in banks. 6. Central banks manipulate the money supply at will, by controlling all elements of the fractional reserve process, by altering the reserve requirements and the total money supply as and when deemed necessary. Operating under a state- granted monopoly, central banks wield enormous "hidden" power. 7. Governments love fiat money, fractional reserve banking and central banks, because it allows them access to "free" money with which to bribe the electorate and carry out their objectives. It allows governments to appear "generous" by over-promising on social welfare - and to take aggressive actions by financing wars and mayhem out of the same store of "funny money". 8. Money can be manipulated in this way because it is money by edict/command - or what is called fiat money. Fiat money is paper money without any true or inherent value - and is given "value" simply by government command, via the legal tender laws in each country. Unlike the money which naturally evolved during history - gold and silver - fiat money has no natural constraints and no historical precedent for long term success. When the state inflates the fiat money supply ad infinitum, then such money simply loses its purchasing power, becoming a stealth tax on the people. And when the end-game arrives it becomes as valuable as toilet paper (but not as absorbent!). 9. Governments and bankers love fiat money and fractional reserve banking because they are "partners in crime" and co-conspirators in the business of engaging in fraudulent financial transactions - at the expense of the rest of us. 10. The current financial/economic crisis has its roots in the expansion of easy credit (debt) - which creates the boom and bust cycles. This is made possible by loose monetary policy as initiated by central banks and endorsed by their political masters - using the mechanisms of fiat money, fractional reserve banking and central banks. The only solution to all these shenanigans is as follows: 1. Abolish fiat money and make all currency 100% backed by gold - the only money that has evolved over time via the true free market. Gold (and to a lesser extent silver) is "market" money, whereas as fiat money is government money - backed by force. Any monetary "reform" that does NOT attack the cause of the problem - fractional reserve banking and monopolized banking using fiat money - is doomed to failure. Don't let those who have caused the problem in the first place be the only ones writing the "rules" of reform - because you can bet your bottom dollar, it will not be the reform we need or want. For a complete theoretical and practical exposition on all of the above - and a rigorous assertion of the viability of a 100% gold backed currency and non-fractional reserve banking, I recommend you download the following e-book. At 876 pages it's not your average bedtime read, but if you have any interest at all in where all this is headed, then you owe it to yourself to discover why it has happened and the only sure way to prevent it happening over and over again in the future. "Money, Bank Credit And Economic Cycles" By Jesus Huerta de Soto Published by the Ludwig von Mises Institute and available for free download here: http://mises.org/books/desoto.pdf Like I said, it's a BIG book - but even if you only read certain chapters, the ones that immediately interest you, you will already be better informed on this crucial subject than all your "leaders" put together! Yours in freedom David MacGregor http://www.sovereignlife.com/invitation.html UNQUOTE A Special Invitation from or trusted partnerPosted by bnetwork in
(valid for few English speaking countries only, sorry)
David is well known authority in matters like Privacy, Asset Protection, Offshore Banking and IBCs etc. I recommend to subscribe to his Newsletter or even better, Become a lifetime member of a SovereignLife Club: http://boulat.com/u.php?15 QUOTE "...I'm sure you're as alarmed as I am at the present economic situation. Subscribe to Newsletter or even better, become a lifetime member of a SovereignLife Club: http://boulat.com/u.php?15 This is getting ridiculous!Posted by bnetwork in
Arrested at Toronto airport for possession of chocolate!
(thanks,electrum) ... Raw Foodists Arrested for Trafficking Chocolate; Interrogated for "Cacao Crimes" Read more: http://www.naturalnews.com/024304.html Defined tags for this entry: security, useful reading
Revenue MagicPosted by bnetwork in
Useful Tools
If you haven't been winning the online marketing and moneymaking games, it could be because you haven't been taking advantage
RevenueMagic! RevenueMagic! has the potential to make you a great deal of money... while you use it to advertise! If you are marketing online, if you are marketing ANYTHING, you are going to want to read this: Continue Reading... Defined tags for this entry: useful opportunities, Useful Reading
New Program: SCOURPosted by bnetwork in
Useful Tools SCOUR: Search socially and get the most from your favorite search engine Get paid for what you already do any way - Search, Comment, Vote. Did you hear about SCOUR? It is the next gen search engine with Google/Yahoo/MSN results and user comments all on one page. Best of all we get paid for using it by earning points with every search, comment and vote. The points are redeemable for Visa gift cards! It's like earning credit card or airline points just for searching! Hit the link below to join for free and we will both get points! Click Here, I know you'll like it! The top search engines make billions of dollars a year in advertising revenue... wouldn't it be cool if the users got a piece of that too? Enter Scour Points Defined tags for this entry: useful opportunities, Useful Reading
Cool Internet Radio Service just launchedPosted by bnetwork in
Useful Tools
Get iPhone or iPod?
Enjoy hundreds of high quality songs, videos, podcasts etc. with this cool new service, absolutely F*REE. Very impressive! Read more about FlyTunes.fm Defined tags for this entry: Useful Reading, Useful Tools
Notice to Investors of 12daily Pro, Part IIPosted by bnetwork in
HYIP
The Claims Bar Date Notice, found by clicking: http://www.tlennonfor12dailypro.com/media/NoticeBarDate_Investors.pdf,
is being provided to you pursuant to the Court's Order Granting Motion for Order Establishing Procedures for Administration of Claims; Request to Set Claims Bar Date. The Court has set a claims bar date of January 31, 2008 and made it mandatory for investors to log in and take the steps outlined in the Notice in order to have a claim and receive a distribution from the receivership estate. Please review the Notice carefully. If, however, you have already logged onto the investor Web Portal and either (a) accepted your claim amount, or (b) disputed your claim amount and mailed in a proof of claim with supporting documentation, then you need not take any additional action in order to have a claim. If you have logged onto the Web Portal and indicated that you "Dispute" the claim amount, but you have not submitted a proof of claim form with supporting documents, you must do so by January 31, 2008. If, upon further consideration, you decide to accept the claim amount on the Web Portal, you can log back in and change the designation by clicking the "Accept" box. For instructions on how to access and use the Web Portal, please visit the Receiver's website at www.tlennonfor12dailypro.com and review the instructions and frequently asked questions (FAQs). Please click here to log that you have viewed this document: www.tlennonfor12dailypro.com/notice/notice_record.aspx?email=webmaster@investing-online.ws Defined tags for this entry: hyip, useful reading
ASSET PROTECTION AND OFFSHORE INVESTING AND BUSINESS FREEDOMPosted by bnetwork in
Offshore Incorporation Get your LLC ( limited liability company ) in an offshore jurisdiction - with no information exchange treaty agreements - and comes with these extras for free: An offshore bank account The package is normally priced at US$665 all-inclusive, but is being offered to SovereignLife members at a 25% discount - or just US $499. Features/Benefits: 1. Very good asset protection where you remain in control. 2. Less than half the price of competitors' offerings. 3. Purchase offshore investments that are legally off-limits to many people. 4. Do sports betting arbitrage trading using online bookies legally. What type of returns are available in high-performing offshore funds? Well, you'll get to find out from the FREE list in your package. But here's a short teaser:
And there's 10 or more funds besides - all of which are disclosed as a FREE gift. But remember, past performance in no way guarantees future results! So there you have it - an offshore asset protection, offshore investing freedom and business freedom vehicle at a bargain price. The catch is you need to be a SovereignLife member to get your hands on it. As a member simply go to the thread in the Asset Protection section of the Sovereign Life forum and look for the thread: SPECIAL $499 ASSET PROTECTION PACKAGE and you will be guided to the information and ordering instructions. I need to repeat this - the package offered is only guaranteed at this price - $499 - until the end of December and only if you are a Sovereign Life member. So if this is something you want and/or need, then don't delay, get your order in today. First click here and after you are a Sovereign Life member you can access the Sov. Life forum and buy this special freedom package. Join NOW Defined tags for this entry: asset protection, business opportunities, offshore banking, private programs, useful reading
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