tag:blogger.com,1999:blog-7002406960542613822.post39566831007348181..comments2010-04-10T10:46:16.429-05:00Comments on POST-PARADOX ECONOMICS: The Catch-22 of a Yuan RevaluationCDBhttp://www.blogger.com/profile/05232106263839715456noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-7002406960542613822.post-41494703765985811252010-04-10T10:46:16.429-05:002010-04-10T10:46:16.429-05:00My best response to this is unlikely to be well re...My best response to this is unlikely to be well received prior to a more extensive dialogue, primarily because the things I have to relate concern the deep foundation principles of two, very different economic systems: first, the debt-based fiat money system currently in vogue and, secondly, the energy-based economics native to reality itself.<br /><br />With that understanding, I will jump immediately into the fray anyway. Very few understand at the moment that the current system cannot be revived. Globalization is dead, but like light from a distant star, the reasons have not yet fully dawned. Speaking as an engineer, there are truly systemic reasons for this and not merely a matter of opinion. The shelf-life of the U.S. dollar is quickly approaching its expiration date. <br /><br />I want to show you two things at this point: the origin and the terminus of the Federal Reserve Note that were baked into the cake from the very beginning. First, its point of origin: Go to this site: http://www.zeitgeistmovie.com/ Now click on the left hand video (Addendum) and move the cursor up to roughly 4 min. 20 sec. Watch the next 15 minutes or so. <br /><br />Now go to this site and ponder the chart at the core of the article: http://fedupusa.org/2010/03/20/the-most-important-chart-of-the-century/<br /><br />Each of these items succinctly depict the underlying structural forces that are now in full play. In spite of all the frantic political rhetoric, posturing and propaganda issued by the present powers that be, the system was never intended to last forever in the first place. Its growth has always been premised entirely on -and a measure of-- a proportional expansion of debt. For example, according the the Basel Bank of Settlements last year, the total overburden of derivatives --credit default swaps, interest defaults swaps, mortgage securities, etc.-- had reached --as of a year ago-- a mind numbing $1.2 QUADRILLION. <br /><br />So what advice do I have for the governor? I would first attempt to help him understand that for now, "globalization" is a completely dead issue, primarily because the relentless economic collapse in local, State and national government revenues cannot be stopped until all this debt has completely deleveraged.<br /><br />I thus suggest that the time has come for an utterly thorough re-evaluation of priorities. Naturally, this entails the establishment of an energy-based economic system amid the smoking ruins of tomorrow.CDBhttps://www.blogger.com/profile/05232106263839715456noreply@blogger.comtag:blogger.com,1999:blog-7002406960542613822.post-3229600336108782202010-04-10T07:18:24.504-05:002010-04-10T07:18:24.504-05:00Interesting observation ---
"Needless to say...Interesting observation --- <br />"Needless to say, politicians in general clearly have no understanding whatsoever of the circular dynamics of economics ..."<br /><br />So what advice do you have for Governor Pawlenty when he makes his September trip to China ... and then to Japan. And does it mean anything that Pawlenty first goes to China ?Minnesota Centralhttps://www.blogger.com/profile/02462056292830437795noreply@blogger.com