Comments on: The New Financial Overlords: The Debt Class and those that provide the Debt in Serfdom. Understanding the new Structure of the American Financial Landscape. http://www.doctorhousingbubble.com/financial-overlords-the-debt-class-and-those-that-provide-the-debt-in-serfdom-understanding-the-new-structure-of-the-american-financial/ How I Learned to Love Southern California and Forget the Housing Bubble Tue, 16 Mar 2010 02:25:01 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Ares Vista http://www.doctorhousingbubble.com/financial-overlords-the-debt-class-and-those-that-provide-the-debt-in-serfdom-understanding-the-new-structure-of-the-american-financial/comment-page-2/#comment-36264 Ares Vista Wed, 20 May 2009 18:40:24 +0000 http://www.doctorhousingbubble.com/?p=1708#comment-36264 Our country has turned into a mass of zombies addicted to caffeine, nicotine, sugar, salt, and all the other substances we subject ourselves to. To expect our government to do the right thing is naive and dangerous. They could have and should have been our spokesmen, our collective voice to shout at the powers that would take our liberties. Instead, they sold out, and now we are controlled by the laws we helped create. Read the Bible carefully, it says we should have no other law than that of God's law, else we be trapped by it. Our country has turned into a mass of zombies addicted to caffeine, nicotine, sugar, salt, and all the other substances we subject ourselves to. To expect our government to do the right thing is naive and dangerous. They could have and should have been our spokesmen, our collective voice to shout at the powers that would take our liberties. Instead, they sold out, and now we are controlled by the laws we helped create. Read the Bible carefully, it says we should have no other law than that of God’s law, else we be trapped by it.

]]> By: GeekGirl http://www.doctorhousingbubble.com/financial-overlords-the-debt-class-and-those-that-provide-the-debt-in-serfdom-understanding-the-new-structure-of-the-american-financial/comment-page-2/#comment-35876 GeekGirl Mon, 27 Apr 2009 04:55:24 +0000 http://www.doctorhousingbubble.com/?p=1708#comment-35876 Well that last comment is a fitting end to the list so far. On spot. Read Modern Money Mechanics if you can find a copy it was published by the FED quite some time ago - and will explain exactly how they do this magic trick. How dumb are we that they even published it and told us what they were doing and we still didn't get it?! It is not a political/partisan world anymore, it is a class world. There are two main classes: those who rule and those who do not. But there is a third way to play - and that is to go your own way - and to create according to your own knowledge and ability and vision without regard for the "system" which will continue to do what it does best - manipulate those who are willing to pay it any attention at all. Buckminster Fuller wrote it all down before he died in a little book called GRUNCH - and 99 percent of Americans haven't read it or can barely say who RBF was - if you ask them they will say "Oh - he invented Domes, right?" Yeah. that's it. The plan is in full swing comrads, but it is still possible to choose how and/or if you participate- not by how you vote, (MY GOD what a silly idea - VOTING in this modern age!) but by how you choose to THINK, To ACT and to LIVE. Do all of these with an uncompromising decision to keep your own eyes and mind headed in the direction you intend to go and you will get there - but never by listening to the white noise of the media, the populace or the elected puppets... We have an amazing power within us to create what we believe is possible - so we better start paying attention to what we believe - and working to shore up some new visions for this country that do not include any of the current players or their expensive habits. The bright news is that when government gets so blatantly corrupt that everyone can see it even if they cannot properly identify the details of it, then people stop believing in government and frankly that is what we need to have happen. We have been trained since the beginning of the 20th century in this country to look to government for answers - that was NOT the idea of this nation - but we fell for it when they used the banks to trash our lives the first big time around in the 30's. You didn't actually think all this depression/recession stuff was accidental or an act of natural economic swings did you? oh dear. But when government becomes so transparently sold out and full of BS that no one takes any of it seriously anymore then it has the chance to fall apart from lack of attention and lack of support - in East Germany the sign of the times before the wall came down was the long running comedy show in Berlin - making fun of the whole system - and we are almost there - when the majority no longer even give a shit what government does because they KNOW it's all crap then things will change. For the time being, give up voting with a ballot and start voting with your mind and your action by creating a different vision for yourself from the inside and making it real in the outside world. That is where greatness always comes from anyhow. And we need some new greatness - We are creative geniuses who have been lulled into a waking dream of hysteria by the actors on the stage in front of us - time to turn off the noise and remember who we are - even if the UN owns our national parks - and our banksters run our government and Exxon runs our courts - and by the way, if you want to be accurate, we live in a Monarchy. Go look up how much of the government is now under the executive branch - and ask yourself why it is every time you turn around the President is telling us all again how it will be - What happened to the balance of power? It's been gone for coming up on a century now... Well that last comment is a fitting end to the list so far. On spot. Read Modern Money Mechanics if you can find a copy it was published by the FED quite some time ago – and will explain exactly how they do this magic trick. How dumb are we that they even published it and told us what they were doing and we still didn’t get it?!
It is not a political/partisan world anymore, it is a class world. There are two main classes: those who rule and those who do not. But there is a third way to play – and that is to go your own way – and to create according to your own knowledge and ability and vision without regard for the “system” which will continue to do what it does best – manipulate those who are willing to pay it any attention at all.
Buckminster Fuller wrote it all down before he died in a little book called GRUNCH – and 99 percent of Americans haven’t read it or can barely say who RBF was – if you ask them they will say “Oh – he invented Domes, right?” Yeah. that’s it.
The plan is in full swing comrads, but it is still possible to choose how and/or if you participate- not by how you vote, (MY GOD what a silly idea – VOTING in this modern age!) but by how you choose to THINK, To ACT and to LIVE. Do all of these with an uncompromising decision to keep your own eyes and mind headed in the direction you intend to go and you will get there – but never by listening to the white noise of the media, the populace or the elected puppets…
We have an amazing power within us to create what we believe is possible – so we better start paying attention to what we believe – and working to shore up some new visions for this country that do not include any of the current players or their expensive habits.
The bright news is that when government gets so blatantly corrupt that everyone can see it even if they cannot properly identify the details of it, then people stop believing in government and frankly that is what we need to have happen. We have been trained since the beginning of the 20th century in this country to look to government for answers – that was NOT the idea of this nation – but we fell for it when they used the banks to trash our lives the first big time around in the 30’s. You didn’t actually think all this depression/recession stuff was accidental or an act of natural economic swings did you? oh dear.
But when government becomes so transparently sold out and full of BS that no one takes any of it seriously anymore then it has the chance to fall apart from lack of attention and lack of support – in East Germany the sign of the times before the wall came down was the long running comedy show in Berlin – making fun of the whole system – and we are almost there – when the majority no longer even give a shit what government does because they KNOW it’s all crap then things will change. For the time being, give up voting with a ballot and start voting with your mind and your action by creating a different vision for yourself from the inside and making it real in the outside world. That is where greatness always comes from anyhow. And we need some new greatness – We are creative geniuses who have been lulled into a waking dream of hysteria by the actors on the stage in front of us – time to turn off the noise and remember who we are – even if the UN owns our national parks – and our banksters run our government and Exxon runs our courts – and by the way, if you want to be accurate, we live in a Monarchy. Go look up how much of the government is now under the executive branch – and ask yourself why it is every time you turn around the President is telling us all again how it will be – What happened to the balance of power? It’s been gone for coming up on a century now…

]]> By: JC http://www.doctorhousingbubble.com/financial-overlords-the-debt-class-and-those-that-provide-the-debt-in-serfdom-understanding-the-new-structure-of-the-american-financial/comment-page-1/#comment-35766 JC Wed, 22 Apr 2009 15:47:13 +0000 http://www.doctorhousingbubble.com/?p=1708#comment-35766 Dr. Housing rightly condemns crony capitalism but focuses attention on government and legislation. One reader identifies Geitner (ex-head of NYC Federal Reserve Bank) as the cause of the problem. The article on Crony Capitalism briefly mentions passing control of Fannie and Freddie to the Federal Reserve. Should more condemnation be focused on the Board of Governors of the Federal Reserve system ?? They taunt themselves as an “agency” of the government and are created by Title 12, Sections 241 to 252---but they fail established characteristics of an agency. The Board’s daily operation is not under the control of government; they are not represented by DOJ attorneys during suits; they are not government employees (with a few exceptions); they are not audited by the GAO; they receive no government funds for operation; their salary records are not public information; staff salaries are set by the Board; the government is not responsible for any adverse judgment; the only available financial record of the Board of Governors is an annual two page gloss included in the Annual Report to Congress; etc. (Do not confuse this discussion of the BOARD with any consideration of the Federal Reserve BANKS. The Banks have been identified as privately owned by the commercial banks but controlled and regulated by the Board. Ref. Title 12, Section 248(j). This writer would identify the FR Banks as franchises of the System.) Yet it is the Board and its primary operating arm, the Federal Reserve Bank of New York City, that establish the monetary policy of the nation---including the bubbles of the last 30 years. The Board has been alleged to be privately owned by international bankers in SECRETS OF THE FEDERAL RESERVE by Eustace Mullins. The operation of the Fed creates fiat currency in the amount of the principal of Treasury securities authorized by Congress. This creates the national debt. The contract (which has never been seen) is to pay off the securities plus interest. It can never happen. The money to pay the interest has never been created---it does not exist. The contract can never be culminated. The only way to pay the interest is to create more principal. Perpetual debt is inescapable. It is a classic Ponzi scheme. Any Ponzi scheme is self-destructive. Is a stable economic system within the United States possible without considering the role of the Federal Reserve Board ?? It is they who assist their cronies such as AIG and other Wall Street financiers to fleece the public. Dr. Housing rightly condemns crony capitalism but focuses attention on government and legislation. One reader identifies Geitner (ex-head of NYC Federal Reserve Bank) as the cause of the problem. The article on Crony Capitalism briefly mentions passing control of Fannie and Freddie to the Federal Reserve.

Should more condemnation be focused on the Board of Governors of the Federal Reserve system ??

They taunt themselves as an “agency” of the government and are created by Title 12, Sections 241 to 252—but they fail established characteristics of an agency. The Board’s daily operation is not under the control of government; they are not represented by DOJ attorneys during suits; they are not government employees (with a few exceptions); they are not audited by the GAO; they receive no government funds for operation; their salary records are not public information; staff salaries are set by the Board; the government is not responsible for any adverse judgment; the only available financial record of the Board of Governors is an annual two page gloss included in the Annual Report to Congress; etc.

(Do not confuse this discussion of the BOARD with any consideration of the Federal Reserve BANKS. The Banks have been identified as privately owned by the commercial banks but controlled and regulated by the Board. Ref. Title 12, Section 248(j). This writer would identify the FR Banks as franchises of the System.)

Yet it is the Board and its primary operating arm, the Federal Reserve Bank of New York City, that establish the monetary policy of the nation—including the bubbles of the last 30 years. The Board has been alleged to be privately owned by international bankers in SECRETS OF THE FEDERAL RESERVE by Eustace Mullins.

The operation of the Fed creates fiat currency in the amount of the principal of Treasury securities authorized by Congress. This creates the national debt. The contract (which has never been seen) is to pay off the securities plus interest. It can never happen. The money to pay the interest has never been created—it does not exist. The contract can never be culminated. The only way to pay the interest is to create more principal. Perpetual debt is inescapable. It is a classic Ponzi scheme. Any Ponzi scheme is self-destructive.

Is a stable economic system within the United States possible without considering the role of the Federal Reserve Board ?? It is they who assist their cronies such as AIG and other Wall Street financiers to fleece the public.

]]> By: blutown http://www.doctorhousingbubble.com/financial-overlords-the-debt-class-and-those-that-provide-the-debt-in-serfdom-understanding-the-new-structure-of-the-american-financial/comment-page-1/#comment-35754 blutown Wed, 22 Apr 2009 02:00:00 +0000 http://www.doctorhousingbubble.com/?p=1708#comment-35754 For you making the red/blue arguments, read David Brook's recent column: http://www.nytimes.com/2009/04/21/opinion/21brooks.html?em For you making the red/blue arguments, read David Brook’s recent column:

http://www.nytimes.com/2009/04/21/opinion/21brooks.html?em

]]> By: Sabin Figaro http://www.doctorhousingbubble.com/financial-overlords-the-debt-class-and-those-that-provide-the-debt-in-serfdom-understanding-the-new-structure-of-the-american-financial/comment-page-1/#comment-35752 Sabin Figaro Wed, 22 Apr 2009 00:05:05 +0000 http://www.doctorhousingbubble.com/?p=1708#comment-35752 @Dan, Doc always asks "what do you think?" Don't just get pissed and leave. Tell us why you think differently. We're all just looking for some truth we aren't getting from the MSM. (SP: 'losing', BTW) @Dan,

Doc always asks “what do you think?” Don’t just get pissed and leave. Tell us why you think differently. We’re all just looking for some truth we aren’t getting from the MSM. (SP: ‘losing’, BTW)

]]>