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Welcome!

One of our valued listeners, Don Swenson, posted this today in Kingdom Economics. As a reminder, it is worth a read.

Big Al
December 31, 2012

There is no viable solution to our global Debt issue! Who understands this obvious reality? What happens After a default now needs evaluation, concern, and understanding?

 

Politicians, economists, lobbyists, and financial pundits are all attempting to SOLVE our financial issues and create new prosperity going forward. Is this realistic or possible given our current global debt and deficit situation? Is it realistic given the economic Model (Keynesianism) which we have followed now since 1934? Isn’t it time to start THINKING about a NEW ECONOMIC MODEL for this next millennium? What are some of the reasons for this need for a New Economic Model? Will our money cartels and global elites implement a controlling model which forces people to use virtual currencies? Let’s think about the system that is now emerging!

 

1. We now experience a Global Economic System where all natural resources need to be shared with some 7 billion people on this planet. Can we continue to fight and conquer as we’ve done in the past given this interdependent global resource world? Is this logical or practical? We now need to abandon the philosophy of ‘might makes right’ (conquering other people’s resources to perpetuate our need for growth)! This philosophy of ’might’ and ‘military’ prowess will not work going forward! In fact, it is not working at present!

2. We now have reached a threshold level of Debt (globally) as a result of our prior Model of Keynesianism. This Model was based on ‘spending’, ‘debt’, ‘fictional’ money, ‘greed’, ‘mandation’, and ‘selfishness’ (might makes right). This philosophy no longer works given today’s global society. We now must admit that we can not repay all this prior Debt…as is evident at this website:  www.usdebtclock.org. The Model of Keynesianism has worked to a degree (1934 – 2012) however, it created unsustainable Debt and Deficits which now limit its future. The Model called Keynesianism is now mostly ‘dead’ and ‘obsolete’…going forward.

3. Our new technologies (the computer and the internet) have changed reality for our global society. We now transact business and communication within a real-time virtual environment. Virtualization of communication via the WWW and our high-speed computers has created this real-time environment for information and for economic transactions. Trading is now global and 24/7 for most of the world’s traders, investors, and speculators. Political events are now affecting all economic transactions and this creates most of our current stock market volatility. Our new technologies have changed our world!

4. All global currencies now trade within a relative relationship to each other. Since the closing of the ‘gold window’ in 1971 all currencies have evolved into fiat currencies (paper units) and now into virtual currencies (within the computer screen). Money has recently evolved into psychological ‘names’ (euro, dollar, yen, etc.) and ‘symbols’ ($1.00, Y1.00, E1.00, etc.) which trade relative to each other within the computer screen. Traders, Bankers, Investors can now exchange their currencies via virtual platforms and within virtual environments. Virtualization is progressing at warp-speed to encompass the entire globe. All global currencies and Central Banks now use these virtual currencies as reference points for denomination of ’value’ in the marketplace.

5. The trend for all money transactions and trade is now global and a global monetary regime is emerging rapidly. The money cartels on this planet are now working feverishly to create this One World Financial System (with a single world currency) for the entire planet. All this is emerging and is likely to replace the existing confusing system of some 150 (+-) world currencies in the near future. RFID identification and barcode transactions (via smart phones) are growing daily to replace the existing system of fiat (paper) currencies and metal coins. Gold and Silver are being rejected as having any future role within this new virtualized monetary system. Global trade, virtual currencies, centralization of policy decisions, real-time transactions have become ubiquitous within our wired global markets. Is this what Americans desire for our FUTURE?

6. The human family has exceeded 7 billion within some 193 nations on planet Earth as of 2012. When I was born in 1943 the human family was approximately 2.4 billion. At the time of our Civil War (1865) the human family was around 1.25 billion. At the time of our American Revolution (1776) the human family was only 850 million. This number was only 200 million at the time of Mohammed (1632) and 170 million during the time of Herod the Great, Jesus, and Augustus Caesar. If we go back to the time of Abraham this family was only around 27 million. And if we continue back in time we start with only two beginning individuals (lets call them Adam and Eve). What a change in our human family since our start some 6000 years ago. This change in numbers now means that we need to think differently going forward. A New Economic Model is now needed for our growing human family. The question, however, is WHO’S economic model will prevail? Keep reading below for discernment of current trends!

The following websites and videos will provide you with some evidence for this New Monetary Regime that is emerging globally: www.singleglobalcurrency.org/why_an_sgc.html, http://people.stern.nyu.edu/nroubini/MACRO3.HTM, www.freedomadvocates.org, http://youtu.be/vFJzZFDzd50 (RFID chip is trend that is ominous).

Watch the above YouTube video to discern how RFID chips are embedded within credit/debit cards for identification purposes going forward. These chips are now embedded within many USA credit cards as a result of the virtual money system which most consumers now use. Who is Aware of where this leads! Will the authorities create BioChips down the road to replace the RFID chips now in use? The technology is here and everyone may eventually need some type of Chip to Buy and/or Sell in the future (if a global monetary regime is fully implemented). Keep in mind that Governments must have CONTROL to maintain their governing powers. Money is the best and only real method for CONTROLING the populations on this planet. To survive in the future Governments may need both RFID and BIO Chips as mechanisms of CONTROL Our new technologies have beneficial and also terrifying implications!!! Will the American people buy into these new technologies for economic survival (after the coming economic collapse)?

 

BioChips are now also available for implant into animals and humans. Could this lead to a global controlling money system? Many think that our world is heading towards this situation (given the imaginary money of today) plus our fear of ‘terrorism’…and the Governments NEED to CONTROL their populations!

 

Biochips are getting used for human identification purposes in the Nation of India now.

 

Everyone needs to get educated on all the NEW technologies and mechanisms which Governments now have for controlling their citizens. Our virtual money system of today is becoming a Global System rapidly and this is leading towards a One World Financial Hierarchy as the policymakers for the entire planet. Current authorities are promoting this philosophy as a Solution for our economic problems and also for controlling the 7 billion people now needing economic survival. Those who have wisdom and understanding will reject this trend and also this philosophy of the Money Cartels and Political Cartels running our planet. That is my missive for today. Keep watching events as they emerge and then THINK for yourself! I am

 

Discussion
13 Comments
    Dec 31, 2012 31:25 PM

    What is unsustainable will end.
    When it ends the 7 billion plus will quickly realize they want stuff not a coupon redeemable for stuff. Buy some good stuff and store in a place preferably with a great view.

    Happy New Year to all!
    I trust everyone will have a great 2013. 2013 the year of stuff!

      Dec 31, 2012 31:39 PM

      Many thanks Dennis M,

      The same back at you!

      Big Al

    MNH
    Jan 01, 2013 01:47 AM

    Must say that all this makes me long for my college days, where studying blue jeans ruled.

      Jan 01, 2013 01:28 AM

      The country as a whole is in college. The country is wearing cutoff blue jeans playing Frisbee in the quad without a worry in the world. The far from sober Frisbee foray will not be disrupted by accumulating debt…the Wednesday exam…… and a term paper due Friday. The exam can be retaken and the class is pass/fail. Half the class will ask for and receive an extension of the term paper before they plagiarize their way to a C. College was where the fraud that is today was studied. Those were the days!
      WHAM-O!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
      http://www.wham-o.com/product/frisbee_disc.html

        Jan 01, 2013 01:13 PM

        Thought provoking, Dennis M!

        Big Al

      Jan 01, 2013 01:12 PM

      Tight blue jeans! Oh, those were the days!

      Big Al

    Jan 01, 2013 01:47 AM

    A GOOD ARTICLE BUT ONE NOTICABLE DATE ERROR: I THINK THE AUTHOR MEANT 632 AD RATHER THAN 1632 AD FOR THE BIRTH OF ISLAM.

      Jan 01, 2013 01:14 PM

      Thanks Dai Uy,

      By the way, one heck of a basketball game last night!

      Big Al

    Jan 01, 2013 01:46 AM

    Governments use of technologies to monitor or restrict money flow causes economic friction and a reduction in productivity. The greatest bubble in history is the massive growing debt in the world, everywhere present. The US, Japan and UK represent the biggest debt bubbles the world has ever seen.

    As Richard Russell has been saying these bubbles are being approached with devalued currency, but in order to do this without giving world power over to other nations these three nations (US, Japan, UK) are attempting to force, willingly or not, other nations into devaluing their currencies in tandem. We see the Swiss, China, India and others following the big debtor nations in currency devaluation which might appear as global cooperation, One World Government.

    Is this actually a New World Order, One World Government taking shape? Or is that only the perception? More likely it is MOPE (Management of Perspective Economics) as Jim Sinclair suggests and not necessarily cooperation of a World Government.

    So much of what happens in Government, Finance, Banking and the markets is shadow and tricks (derivatives) and not Laissez-faire as the great majority of the worlds population interpret, that determining intentions, motives and directions of governments and central banks is illusion and not necessarily fact. The fact might actually be that these big power houses, US, UK, Japan, Europe and others in the biggest bubble have no idea what they are doing or where they intend to go, and the interpretations of their populations where this is leading is all wrong. If this is the case, where then are we going? I believe we shall find out in next two years.

      Jan 01, 2013 01:16 PM

      Really a great and thought provoking comment.

      Thanks Clay!

      Big Al

    Jan 01, 2013 01:35 PM

    Hey Big Al and all:
    Here is ALL YOU NEED to KNOW about the PM super bull market – EXCELLENT supply and demand article…Enjoy and happy New Year! http://bullionbullscanada.com/gold-commentary/26038-the-three-legs-of-the-precious-metals-bull-part-ii

    Big Al:
    Try to get this guy on your show…he is really, really GOOD!!
    Marc

      Jan 01, 2013 01:55 PM

      Okay, fair enough Marc!

      Big Al

    Jan 01, 2013 01:32 PM

    When will we all realize we have compromised are way to a 16 Trillion dollar recognized debt.
    100 trillion debt when including the entire off ledger responsibilities.
    Not to mention the derivative unwinds our too big to fail frauds have in store for us.
    Let compromise die before the currency dies.
    But that is why Austrians realize fiat currency all die.