A Trillion Here, A Trillion There - Tyler Durden
A Trillion There, A Trillion Here - Ben Bernanke
Is Bernanke quoting ZeroHedge? If so, it's probably against the will of his conscious mind, at least that's what his face made it look like. I'll try to find a youtube of it when this cspan feed wraps up
VIDEO
LINK
Showing posts with label money. Show all posts
Showing posts with label money. Show all posts
Links to Occupy: More Stories From The Revolution
I spent some time in St. Louis with their OWS branch. Just hanging out and talking with people concerned with these issues helped me to clear out some of the malaise I have felt in the past. I've put together a long list of OWS stories that hit the media sources I monitor to help spread the word and generate discussions. Hopefully this post and the previous one will be a useful resource to some (99%) of the people (who have no control over the monetary system).
Additionally, I would like to personally encourage everyone to investigate and participate in Occupy in whatever way they personally think is best. The exponential growth of this movement means that many different people with many different points of view have strongly bonded on a level that many don't completely understand yet. My hope is that we wrench ourselves out of a debt based monetary system which enslaves us all! What is it that you hope to gain from your participation or the participation of others?
Click "READ MORE" to get at the links:
Additionally, I would like to personally encourage everyone to investigate and participate in Occupy in whatever way they personally think is best. The exponential growth of this movement means that many different people with many different points of view have strongly bonded on a level that many don't completely understand yet. My hope is that we wrench ourselves out of a debt based monetary system which enslaves us all! What is it that you hope to gain from your participation or the participation of others?
Click "READ MORE" to get at the links:
Link to Revolution
Revolution!!! In Greece spotted by ZH, at Press TV. Protesters occupied the finance ministry.
LINK TO REVOLUTION
LINK TO REVOLUTION
Googling "Energy is Money"
Back in April 2006 I was doing some stream of consciousness creative type writing and I put down on my myspace blog "Dollars are currency, all nations use some form of currency, currency is symbolic for work done, it represents the energy used to make or provide something of value and can be returned for an object of similar value later in time." (along with quite a lot of other drivel before and after) I knew quite a bit less back then. That "currency is symbolic[representative] for work done" stuck with me. I understood "work" to be a physics term. Work requires energy. Currency should be money for a number of reasons. Thus money is representative of energy; and I have been stuck in about that same spot ever since.
It is weird that when you Google “energy is money” all you get is a bunch of cocaine fueled 80’s and 90's clap trap about spiritual energy and using it to make you money. I’m talking petro-dollars here! The energy it takes to mine gold god damnit! Labor is energy! Where is my debt money = work to be done = energy in the future? Where is gold = word already done = energy of the past? You people are woefully misled.
It is weird that when you Google “energy is money” all you get is a bunch of cocaine fueled 80’s and 90's clap trap about spiritual energy and using it to make you money. I’m talking petro-dollars here! The energy it takes to mine gold god damnit! Labor is energy! Where is my debt money = work to be done = energy in the future? Where is gold = word already done = energy of the past? You people are woefully misled.
Money is energy in a way that many people are failing to understand in a very basic way. Take the petro-dollar example. Or fiat dollars being an easily exchangeable note for work to be done. Or gold being easily exchangeable work already done. What energy do you expend to acquire money? Do you use money to save energy? Do you take more than you give? Do you give more than you take? There's some fucking spiritual energy for you. Fuck you, there's some more energy. Enjoy. Money is at its essence not simply a medium of trade or a representation of value, it is a representation of energy. Value is the subjective version of monetary theory. Energy is the objective version of monetary theory. Energy gives money its value. The nature of money is determined by the energy behind it, the energy the money represents.
Certainty of exchange is determined by the nature of the energy being represented. For example: The USD is based in energy to be claimed in the future, meaning that dollars are in themselves worthless as a seemingly true fiat currency, and they would have been declared worthless years ago if they were not exchangeable for oil to the near total exclusion of all other currencies for over half a century, thus the USD's wildly high value/energy is bestowed by our dominance of the money supply that is representing global oil trade which was secured during and after world war II (Was this an efficient use of energy by the US? Maybe spiritual energy or at least moral, does have a place in monetary theory?). Thus the USD is still backed by energy to be claimed in the future hybridized with energy claimed as backing for the currency by sticking a big military base on top of oil then printing money that is the only money that can buy the oil under the base, simple. At least it was, it seems to be getting more complicated lately, our dominance of the energy supply is waning and so is our currency (as they are essentially the same thing), this calls into question future exchangability of USDs as it represents a lesser amount of energy than before. The exchangability of gold is very certain by comparison as the energy represented by gold, is the gold itself, it is the energy that was required to make the gold and who doesn't want gold? As a matter of fact that is about the only thing that would completely devalue gold is if everyone saw it as being without any value, sounds ludicrous doesn't it. Now listen to this reworking: 'As a matter of fact the only thing that would completely devalue the USD is if everyone saw it as being without any value.' See how the USD devaluation seems like a more real possibility. Why is that? The energy represented by the money, that's why.
Prior to the aforementioned US oil claiming, and prior to the debasement of gold backed paper, gold was money, money/gold was energy already expended. The energy gold represents is the energy involved in extracting, purifying, decorative styling, and proofing. Gold does not rely on a future supply of energy to have value.
Aside: If anyone has anything good for me to read on this subject of "money is energy" I want it, I haven't found anything directly on point yet, see the google search. I found THIS at Harry Seldon's Blog, but I'm looking for something much more scholarly and with much more depth. Then there's THIS at Mises which I'm not even sure if it is topical to my thoughts here, I'll have to read the next one.
I am aware of energy per person as a direct measure of human development/quality of life, this leads me to believe that money is more about energy than anything else. That is probably why "Money is 'Power.''' I want to know more about this.
And of course with other means of exchange opening up (either currency, or commodity) for oil based energy exchange the USD has been loosing value because it lost its exclusivity which made it exceptionally valuable.
And I am thinking objective energy based monetary theory will be more essential to developing the world through understanding than will understanding subjective interpretations of the value of things as a primary theory. Don't get me wrong subjective value theory has a part to play, but it is a smaller part of a theory which considers money to be exchangable energy. Energy is an objective measure of work, value which is a subjective measure of want is encompassed in "money is energy" theory because the things you want require a measurable amount of energy to achieve. Example: Sometimes people really want tulips, driving up the energy it takes to get one. The wild swings in the subjective value of tulips doesn't really significantly change the energy required to continue to produce tulips via a working tulip production, it does alter the energy required to start a tulip production however, because the tulips required to start out are affected by subjective value changes, those value changes are subjective in that it is peoples' want for tulips that is determining value, the increased energy (or representations of energy) people are willing to trade for tulips is objectively measurable. People are trading energy for energy here. The energy to make the tulips is traded for the energy to get the money which is backed by some form of energy to buy the tulips. So people do not always exchange energy equally as some might think they would try to through a currency directly representing energies, as a matter of fact often there are grossly unequal exchanges as a means of converting from one sort of energy to another because of want. (Did not Buddha say some thing like want leads to suffering? Maybe suffering is an unequal exchange of energies? Never mind that, but you see what I mean about running into trouble with developing this topic.) Want leads to the unequal expenditure of energy in transactions, however this is irrelevant to the physics of the situation, energy is the basis of the entire exchange, money is representative of energy to all parties to the transaction, all parties in the transaction expend energy to acquire money because they want something which requires exchangable energy, money, to get or give to make an transaction or an exchange of various energies.
Also, my google search for "Money is Energy" turned up lots of stuff about how energy efficient appliance will save you money, and maybe, at this point, those search results will be sort of humorous to the readers of my tripe.
Certainty of exchange is determined by the nature of the energy being represented. For example: The USD is based in energy to be claimed in the future, meaning that dollars are in themselves worthless as a seemingly true fiat currency, and they would have been declared worthless years ago if they were not exchangeable for oil to the near total exclusion of all other currencies for over half a century, thus the USD's wildly high value/energy is bestowed by our dominance of the money supply that is representing global oil trade which was secured during and after world war II (Was this an efficient use of energy by the US? Maybe spiritual energy or at least moral, does have a place in monetary theory?). Thus the USD is still backed by energy to be claimed in the future hybridized with energy claimed as backing for the currency by sticking a big military base on top of oil then printing money that is the only money that can buy the oil under the base, simple. At least it was, it seems to be getting more complicated lately, our dominance of the energy supply is waning and so is our currency (as they are essentially the same thing), this calls into question future exchangability of USDs as it represents a lesser amount of energy than before. The exchangability of gold is very certain by comparison as the energy represented by gold, is the gold itself, it is the energy that was required to make the gold and who doesn't want gold? As a matter of fact that is about the only thing that would completely devalue gold is if everyone saw it as being without any value, sounds ludicrous doesn't it. Now listen to this reworking: 'As a matter of fact the only thing that would completely devalue the USD is if everyone saw it as being without any value.' See how the USD devaluation seems like a more real possibility. Why is that? The energy represented by the money, that's why.
Prior to the aforementioned US oil claiming, and prior to the debasement of gold backed paper, gold was money, money/gold was energy already expended. The energy gold represents is the energy involved in extracting, purifying, decorative styling, and proofing. Gold does not rely on a future supply of energy to have value.
Aside: If anyone has anything good for me to read on this subject of "money is energy" I want it, I haven't found anything directly on point yet, see the google search. I found THIS at Harry Seldon's Blog, but I'm looking for something much more scholarly and with much more depth. Then there's THIS at Mises which I'm not even sure if it is topical to my thoughts here, I'll have to read the next one.
I am aware of energy per person as a direct measure of human development/quality of life, this leads me to believe that money is more about energy than anything else. That is probably why "Money is 'Power.''' I want to know more about this.
And of course with other means of exchange opening up (either currency, or commodity) for oil based energy exchange the USD has been loosing value because it lost its exclusivity which made it exceptionally valuable.
And I am thinking objective energy based monetary theory will be more essential to developing the world through understanding than will understanding subjective interpretations of the value of things as a primary theory. Don't get me wrong subjective value theory has a part to play, but it is a smaller part of a theory which considers money to be exchangable energy. Energy is an objective measure of work, value which is a subjective measure of want is encompassed in "money is energy" theory because the things you want require a measurable amount of energy to achieve. Example: Sometimes people really want tulips, driving up the energy it takes to get one. The wild swings in the subjective value of tulips doesn't really significantly change the energy required to continue to produce tulips via a working tulip production, it does alter the energy required to start a tulip production however, because the tulips required to start out are affected by subjective value changes, those value changes are subjective in that it is peoples' want for tulips that is determining value, the increased energy (or representations of energy) people are willing to trade for tulips is objectively measurable. People are trading energy for energy here. The energy to make the tulips is traded for the energy to get the money which is backed by some form of energy to buy the tulips. So people do not always exchange energy equally as some might think they would try to through a currency directly representing energies, as a matter of fact often there are grossly unequal exchanges as a means of converting from one sort of energy to another because of want. (Did not Buddha say some thing like want leads to suffering? Maybe suffering is an unequal exchange of energies? Never mind that, but you see what I mean about running into trouble with developing this topic.) Want leads to the unequal expenditure of energy in transactions, however this is irrelevant to the physics of the situation, energy is the basis of the entire exchange, money is representative of energy to all parties to the transaction, all parties in the transaction expend energy to acquire money because they want something which requires exchangable energy, money, to get or give to make an transaction or an exchange of various energies.
Also, my google search for "Money is Energy" turned up lots of stuff about how energy efficient appliance will save you money, and maybe, at this point, those search results will be sort of humorous to the readers of my tripe.
Link to Post: "Bin Bernanke"
Writing on Zerohedge, GeorgeWashington lays out the ties between terrorism, the dollar, wars, Osama, Obama, Bush, our floated financial system, and "Bin Bernanke."
The money has gone bad!
LINK TO POST
The money has gone bad!
LINK TO POST
Link to Chart: You can not have a monetary collapse without a collapsing currency.
Jesse's Cafe Americain put this chart of the USD up a bit ago and I figured it fit the theme so I am posting a link to it here. I would not go so far as to call it "very long term," but it makes a good point. "Batten the hatches, stash the wenches, fornicate your gold, walk the capitalists off the starboard plank and the socialists off the port tis to be a volitle ride matey! Sanction your sovereign or have it done for you."
LINK TO CHART
LINK TO CHART
Link to Post: Zero Hedge Guest Post: Bernanke's QE^X Box
There have been a lot of articles lately on how Bernanke will decide on the issue of extending QE. Gordon T. Long, of Tipping Points, goes above and beyond in explaining that Bernanke is constrained from a variety of angles, forcing him down a middle path, though a middle path which still screws everyone except the very top of plutocratic high society. Interest rates and the value of the dollar are at odds, to save one destroys the other and results in inflation or requires a near impossible monetary contraction. Additionally, it also goes on to say that Bernanke will be as vague as possible at the end of month press release while attempting to head fake higher interest rates while planning more QE, which I agree will be his method. The cake is already baked, everyone gets a bite.
LINK TO ARTICLE
LINK TO ARTICLE
Subscribe to:
Posts (Atom)