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Politics

Where "The Left" is going wrong.

34 replies

DoctorTwo · 19/10/2013 20:24

In fact, where everybody is wrong is that we shouldn't seek to redistribute wealth. What we should be doing is redistributing risk. sort of. Global GDP is about $50Tn, and the total derivative market is approx $700Tn, much of it underwritten by taxpayers. Surely derivatives, financial bets, call them what you will, should be paid for by those who make them, not us?

Even the student loans they're going to privatise for profit will be underwritten by us, so any defaults will be paid by the taxpayer. This is not capitalism as we had it till the neoliberals came along. Until then financial institutions were allowed to go bust, but now they're kept alive with a combination of bailouts and quantitative easing.

The rules need to be changed back so we have the power back.

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DoctorTwo · 22/10/2013 14:10

I'm probably to the left of you, yes.

Alex Jones backs Ron Paul. Which tells us all we need to know about Jones, best known as a rambling fool.

Governments, central banks and fraudulent banksters loathe Bitcoin because they can't control it, they can't defraud it, therefore they face a risk if they invest in it. The FBI may have shut down The Silk Road, arrested Dread Pirate Roberts and seized a wallet containing 26000 Bitcoins, but they can't decrypt the wallet.

On the news that 26000 coins had been seized, the price slumped by about 30%. After the FBI admitted they couldn't get at them the price rallied and it is trading higher now at $164 each as opposed to $130 before the seizure.

Bitcoin is democratic and the embodiment of capitalism, unlike fractional reserve money.

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claig · 22/10/2013 10:40

DoctorTwo, you are left wing and now you believe Max Keiser and his "end the Fed", "kill the Fed" lies. Next you will probably end up believing the right-wing libertarian Ron Paul who has the same "end the Fed" lie and his son Rand Paul, who was named after the right wing nut, Ayn Rand.

Next you will believe the Tea Party who were for ending the Fed before the phoney left wing Occupy Wall Street group ever existed.

We all know the conspiracy theories about the Fed and we all know about fractional reserve banking. But don't be fooled to believe that Max Kesier or Ron Paul are for real or can do anything about it.

Alex Jones backs Ron Paul.

I think Ron Paul is not for real and neither is Max Keiser.

To understand what goes on and who is for real, you have to study conspiracy theory. The Guardian won't tell you, because even their best-paid Oxbridge spinners haven't got a clue.

claig · 22/10/2013 10:14

Unfortunately, as great a newspaper as the Daily Mail is, it won't tell you.

For that you have to go to the conspiracy theorists and you then have to sort the wheat from the chaff in order not to be taken for a ride by the scammers.

claig · 22/10/2013 10:12

And the guy who thinks that Alex Jones is trying to crash BitCoin says at the end, the reason he thinks that is because

"BitCoin goes up, gold and silver go down"

But assuming that is true, in whose interest would that be?

If you go back to William Engdahl's article and he is a really good geopolitical analyst, he says that there is a financial war going on with many Wall Street banks etc trying to keep gold down in order to protect the dollar.

Who is behind BitCoin?

claig · 22/10/2013 10:05

Mike Adams says about BitCoin

"In China this is the new Casino"

I think the poor Chines suckers are going to be taken for a total ride and ripped off. They don't understand the game and they don't know who the players are and what the rules are.

claig · 22/10/2013 10:00

"The enduring mystery at the heart of the BCCI affair," the authors write, was why the bank got away with it for so many years. They assert that as early as 1979, United States intelligence knew about B.C.C.I.'s criminal involvement with terrorists and drug dealers -- but Washington did nothing until compelled by unrelenting pressure from Robert M. Morgenthau, the Manhattan District Attorney."

www.nytimes.com/1993/05/02/books/the-worst-of-all-possible-banks.html?pagewanted=all&src=pm

Lots of depositors lost their life savings in BCCI.

Who is really behind BitCoin? Who has allowed it to spread and be promoted? Who has not shut it down?

Some people stand to gain and become millionaires, such as possibly Max Keiser. But who is really behind it?

And if it does go down and gets taken down, how many people will lose their money in it? How many poor Chinese will have been suckered in and lose what they had worked for in a potential bubble which some conspiracy theorists are beginning to say may be like the Dutch tulip bulb bubble in the 1600s?

Here is a ten minute clip of Alex Jones, Max Keiser and Mike Adams discussing BitCoin. It is by somebody who think s that Alex Jones is trying to crash BitCoin in order to boost gold to help his radio show company owners and sponsors. But this guy is totally wrong.

I think it is obvious that Max Keiser is lying when he says that BitCoin will "kill the Fed". I wouldn't trust him for a single minute.

I think it is a scam and it stinks to high heaven and a lot of suckers are possibly going to be fleeced.

DoctorTwo · 22/10/2013 09:31

Two stories which could be related...

Chinese search engine starts trading Bitcoin.

World's 3rd largest Bitcoin exchange suffers DDOS attack.

The first story is interesting. That a major Chinese corporation is using Bitcoin means it must have approval from the government. The DDoS attack had to be sponsored by a massive organisation with deep pockets due to the type and scale of attack. 100Gbps of bandwidth isn't cheap.

Maybe it was the same people who could afford to drop 2 million ounces of gold futures at one go.

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claig · 21/10/2013 22:19

A lot of theorists thought that the recent financial crash may have been the start of the New World Order.

Gordon Brown talked about a New World Order

"Mr Brown said. "I think a new world order is emerging with the foundation of a new progressive era of international co-operation,"

www.telegraph.co.uk/finance/g20-summit/5097195/G20-summit-Gordon-Brown-announces-new-world-order.html

It seems it will be progressive. It hasn't shown its true face yet, maybe this was only its birth.

"Brown wants a 'new world order'

Chancellor Gordon Brown has spoken of the need for a "new world order" to deal with future security and environmental challenges."

news.bbc.co.uk/1/hi/uk_politics/6277747.stm

There's the good old global warming again.

Some people want it, some say it will be progressive, maybe it will be with biometric ID cards and DNA databases.

But, we don't really know what will happen. Maybe UKIP will thwart the plan?

claig · 21/10/2013 21:24

You can't do better than to listen to the Delphic utterances of Condor in the book about the BCCI scam

"They even have their own Deep Throat, a "highly placed American intelligence source" they call Condor, whose credibility was apparently so great that if he confirmed something, Time published it as "fact, without attribution."

Condor's utterances are often Delphic: " You just want to look around. Not everything is as it appears "

www.nytimes.com/1993/05/02/books/the-worst-of-all-possible-banks.html?pagewanted=all&src=pm

That's what the conspiracy theorists have been saying for years and Homer Simpson probably said it too. The polar bear on the screen is not all it seems.

Forget the left-right paradigm, isn't about time
To open your eyes and see through the lies?
Get with the game, the world will never look the same

claig · 21/10/2013 20:22

You think Max Keiser is not a conspiracy theorist, but of course he is - but only a financial market conspiracy theorist which is very strange indeed.

Max Keiser has only been around in a big way on our screens for a few years compared to the conspiracy theorists who deal with politics as well as finance.

Keiser believes that Goldman Sachs, Bernanke, the Fed etc etc are all in cahoots to rob the people of money and to manipulate the markets for their gain etc. That is a conspiracy theory, and it's not new because lots of the political conspiracy theorists think the same.

I like listening to his show, he is great entertainment and says a lot of stuff that is spot on. But he also says stuff that I think is not true and his promotion of Bitcoin is high up the list in my opinion.

Alex Jones is not as capable on the financial side as Keiser, but Jones is far savvier politically and he can often smell a rat and he has great doubts about Bitcoin, even though it is widely promoted by lots of people.

There is a 45 minute interview on youtube of Keiser being interviewed on the Alex Jones Show and I won't post it because Bitcoin is too boring a subject and is an obvious scam, but if you listen to it, I think it's pretty evident that Keiser is not for real and Jones jokingly calls him out on being behind Bitcoin and being one of its creators.

This is a very short clip of Jones calling Keiser out on it.

and here is an article on Keiser in the mainstream Slate on' Keiser being the thinking man's Alex Jones'

www.slate.com/articles/business/moneybox/2013/07/max_keiser_of_russia_today_the_youtube_star_is_the_thinking_man_s_alex_jones.html

Keiser is great entertainment and says true stuff and is worth watching, but don't take it too seriously and avoid the Bitcoin scam.

claig · 21/10/2013 20:04

'the BRICS countries are holding talks that could see them trade in their respective currencies instead of the Dollar'

There is a conspiracy theory that the riots in Brazil a few months ago were a CIA plan. America has the power to disrupt any plans that threaten it, and I am glad of that, because America shares our values and we are part of the same culture.

claig · 21/10/2013 20:00

I think Engdahl is right that markets are manipulated and that includes teh gold market. But this is nothing new. Markets and banks have alsways been rescued as contortionist said, and the Plunge Protection Team was set up in 1988 under Reagan

"In March 1988, five months after the worst one-day stock market plunge in history, President Ronald Reagan signed Executive Order 12631. Order 12631 created the Working Group on Financial Markets, known on Wall Street as the ‘Plunge Protection Team’ because its job was to prevent any future unexpected financial market panic selloff or ‘plunge’."

Engdahl says that there is a financial battle going on between two sides and he is probably right.

"In effect a war, a financial war, is underway between the Wall Street giant banks and their close allies, including the major City of London banks and banks like Deutsche Bank on the one side, using paper gold derivatives trading in the unregulated COMEX, with covert support of the US Treasury and Fed. On the other side are real investors and Central Banks who believe that the world financial system, especially the dollar system, is teetering on the brink of disaster and that physical gold is the historical best safe haven in such a crisis."

But the real question that he doesn't ask is who will win this war. I think it will be the United States side and not the Chinese side. As Engdahl said about the 'socialist' Strauss-Kahn

"France’s Dominique Straus-Kahn, demanded an independent audit of the Federal Reserve gold after the US refused to deliver to the IMF 191 tons of gold agreed to under the IMF Articles of Agreement signed by the Executive Board in April 1978 to back Special Drawing Rights issuance. Immediately before he could rush back to Paris, he was hit by a bizarre hotel sex scandal and abruptly forced to resign. Straus-Kahn had been shown a secret Russian intelligence report prepared for President Vladimir Putin in which ‘rogue’ CIA agents revealed that the US Federal Reserve had no gold reserves and only lied that it did."

If the American elite want to win, then they will win.

The real determining factor is power and in the end military power. With power you can get money, but with money you cannot get power. America can dictate what will happen and if the stakes are really high, then America can use its power.

People like Max Keiser pretend that Bitcoin, which is scam in my opinion, can "end the Fed". He is not stupid, so I can only assume he is lying. He seems to ignore the power that lies behind the Fed and the power of the global banks, and a digital currency that can be collapsed and manipulated cannot ever threaten the Fed or real power.

However, I do also believe the conspiracy theorists (not Max kesier because he is merely a financial conspiracy theorist and not a political one who also take account of factors such as the power of the Fed and of military power etc) that the New World Order's ultimate aim (along with the global warming scam etc) is to one day bring in a one world currency and one world government, and they believe that this will require teh collapse of our current financial system in order to bring in the new system of the new age and the new world order. I don't know if they will achieve it or when it might happen. I hope it won't be happening in my lifetime, but one never knows.

But if that is not on the immediate cards, and if America wants to win the battle, then I have no doubt that America will win.

America has the power and has often in the past devalued the dollar in order to wipe out its debt. It may do so again, but in the long run, that will harm China and America will return even stronger.

DoctorTwo · 21/10/2013 19:46

Another threat to the dollar: the BRICS countries are holding talks that could see them trade in their respective currencies instead of the Dollar.

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claig · 21/10/2013 19:25

I'll have to read that article because it is from William Engdahl and William Engdahl is a very good and astute geopolitical analyst who says that global warming is a scam and explains why. I like Engdahl, so I will read that in a while and reply.

I've also looked more into Max Keiser and am now convinced that he is a hoaxer, because I already thought Bitcoin was a scam and his promotion of it means that he is not for real in my opinion.

DoctorTwo · 21/10/2013 18:53

"From people like them I know that if I had dollars I'd be selling them to buy gold and Bitcoin."

Well it's lucky you don't have dollars because you would end up being skint.

Don't believe Max Keiser that America is going down the tube and that China will take over.

Spot on analysis Claig. Oh wait... It appears that the threat to the Dollar is, to quote Brad Pitt, inevitable.

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claig · 21/10/2013 14:18

The BCCI story is real, not fiction. Conspiracies are real, not fiction.

"The more you examine the B.C.C.I. story, the more it looks like what conspiracy theorists like to call the Master Conspiracy."

THE OUTLAW BANK A Wild Ride Into the Secret Heart of BCCI

claig · 21/10/2013 14:13
Grin
addenuf · 21/10/2013 14:05

Sorry, Contortionist , my limited knowledge prevents my engaging to much effect.

Claig - methane alert activated Wink

claig · 21/10/2013 12:38

'Is there a well of all-knowingness from which I can drink?'

There's the Daily Mail.

contortionist · 20/10/2013 20:32

I appreciate the thread has moved on, but on the subject of BCCI - it was shut down because it ran out of money, and because the authorities declined to allow a rescue. If it had been solvent, it would have been permitted to continue to operate - there would have been no legal basis to shut it down.

addenuf · 20/10/2013 18:09

that the answer to the thread question..... Bugger Muphry, always strikes when I've got my clever cloggs on.

addenuf · 20/10/2013 18:01

And I was utterly let down that the thread title was not 'because they're not right'. Pick it up a bit, please.

addenuf · 20/10/2013 17:50

Would that I had the powers of Cassandra, as do contributors to this thread. Is there a well of all-knowingness from which I can drink? Or should I just issue a methane alert? Keep it up, chaps, this is more fun than most stuff on offer of a Sunday.

claig · 20/10/2013 16:34

I like Max Keiser. he has a great show with lots of great guests and he exposes the frauds and scams and crooks behind much of our financial system. He knows his derivatives and his financial onions, but on politics, he is like a child compared to the much more experienced Jones who has over 20 years of analysis of the political scams and crooks and fraudsters as well as the merely financial ones.

"From people like them I know that if I had dollars I'd be selling them to buy gold and Bitcoin."

Well it's lucky you don't have dollars because you would end up being skint.

Don't believe Max Keiser that America is going down the tube and that China will take over. That is nonsense. Because what really counts in this world is power and that is why 'the Left' never get anywhere because they have no real power. 'The Left' are only one side of the Hegelian Dialectic, the other side being 'the Right' and the real powerbrokers play them off in a phoney clash to produce the outcome that they want. Jones will explain all that in great detailand Max Keiser will be confused.

And by the way there are lots of interviews of Max Keiser on the Alex Jones Show, where he is on as a guest.

'The Left' is controlled. They are used in the game. The real objective is a one world currency and a one world government and an end to nation states - similar to the dreams of the communists - who were funded by the real powers behind the scene.

Eventually they will crash our financial system with the debt and risk that they have allocated, and they will implode Bitcoin and our currencies, and then they will get their one world currency and it will be the end of their phoney left-right paradigm, the end of their left-right game and the world will never be the same.

But that is still a long way off, or so we hope.

DoctorTwo · 20/10/2013 16:18

Max Keiser isn't a conspiracy theorist. He's a former banker turned pundit. Some of his guests are fascinating. People like Andrew Maguire and Alasdair Macleod who are well clued up in what is happening and who is likely behind it. From people like them I know that if I had dollars I'd be selling them to buy gold and Bitcoin.

I won't be reading the Heil. The nicest thing that can be said about my dad is that it was his paper of choice.

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