San Diego Housing Bubble News and Analysis

Nothing freaky about it at all. The bankers are taking over the planet. They have run this country for our entire lives (unless you were born before 1913). I was a bit surprised (I watched the last segment #22, first) of the warning about a world gold-backed currency. This is the same warning that Adrian Salbuchi (sp?) of Argentina has been giving lately. Salbuchi says there will be "official" gold marked with a bank hologram and then "pagan" gold (what the rest of us own). The two varieties will differ wildly in value and the "pagan" gold market will be manipulated as it currently is to supress its price.

There is no reason to have private banks other than to enrich a few hundred families at the expense of the rest of us. Currencies should be issued by nations only, and in fact that's what our constitution says.

Back to work slaves!

CONCHO: I prefer "indentured servant", thank you very much.

Dupe.

Funny thing is they talk about Lincoln's greenbacks and how they worked very well in the documentary. It was driving the central bankers nuts. Their biggest fear is a currency created by government.

I've seen this a while ago after Zeitgeist posted about Zeitgeist. A friend told me about Money Masters. I saw it in two parts:

Part 1 Money Masters

Part 2 Money Masters

I think it should be required watching for any history and economics class. It is eye opening.

Fantastic Video. I think that there are so many points worth discussing. Anyone who does not want absolute transparancy at the Fed and FOMC and all the regional banks should watch this video. How about getting a cool 6% per year div if you own stock. Guarenteed by the nice folks who print the $$.....Here is the info from the FEDS site....
The twelve regional Federal Reserve Banks, which were established by Congress as the operating arms of the nation's central banking system, are organized much like private corporations--possibly leading to some confusion about "ownership." For example, the Reserve Banks issue shares of stock to member banks. However, owning Reserve Bank stock is quite different from owning stock in a private company. The Reserve Banks are not operated for profit, and ownership of a certain amount of stock is, by law, a condition of membership in the System. The stock may not be sold, traded, or pledged as security for a loan; dividends are, by law, 6 percent per year.

Here is the web site for anyone to research......
http://www.federalreserve.gov/generalinf...

Funny thing is they talk about Lincoln's greenbacks and how they worked very well in the documentary. It was driving the central bankers nuts. Their biggest fear is a currency created by government.

Andrew Jackson -- rescinded the charter of the privately held Second Bank of the United States in 1832 and was nearly killed by crazed assassin Richard Lawrence 3 years later.

Abraham Lincoln -- signed the First Legal Tender Act authorizing the issuance of "greenback" US Treasury Notes in 1862 and was killed by crazed assassin John Wilkes Booth 3 years later.

John F Kennedy -- signed Executive Order 1110 authorizing the US Treasury to issue silver certificates in June 1963 and was killed by crazed assassin Lee Harvey Oswald 5 months later.

Of course this is all merely coincidence.

Amen!

If you want to know who owns the country, take a look at the names plastered across the tallest buildings in any major city.

I pretty much agree with you guys above.

It seems like the best way to remain wealthy over the ages (like the Rothschild family) is to own hard assets that can be turned to rent (currency) when needed. The key is not to owe too much debt that you can't repay without having to liquidate your assets for pennies on the dollar. I call that wherewithal.

In that respect, real estate is a great investment, if you buy wisely at the right time. The same would apply to productive capacity that can "mint" currency, whatever it happens to be at a given time.

If you look at wars and revolutions, the families that did the best over time are the ones who owned hard assets outright.

Brian: If you do a little research, you'll find out how the Rothschilds really made their money, and it will surprise you. Not what you're thinking at all. They're detailed at length in Niall Ferguson's "The Ascent of Money".

Yes, I'm aware that the Rothchilds became wildly rich through finance, leverage and political patronage.

But they secured their progeny's place in society by purchasing hard assets such as castles, winery, titles of nobility, land, industrial companies, etc... Their standing is now up there with the blue bloods of Europe and America.

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When I referred to owning hard assets, I meant it for those of us who don't control the financial system and can be wiped out by sudden currency devaluation.

For example rich families of Cuba before Castro were wiped out by the revolution, unless they owned US Dollars, land in Florida or assets overseas. Families who were able to keep their real estate in central Havana could one day become well-to-do again as capitalism returns.

We had our own American Revolution but property rights were generally preserved overtime and we didn't have widespread expropriations (although many Mexican landowners had their lands taken away after the Mexican War).

While I don't see value in real estate right now, I think that, long term, real estate is a good hedge against inflation and a collapse of the financial system.

Who knows if the US Dollar will be around for another 100 years?

But they secured their progeny's place in society by purchasing hard assets such as castles, winery, titles of nobility, land, industrial companies, etc... Their standing is now up there with the blue bloods of Europe and America.

You're missing it -- they OWN the blue bloods of Europe and America. The real way to get rich is to:

1) Get governments to give you a license to make money out of nothing

2) Lend out the money you created from nothing (especially to governments) and collect the interest

3) Use the interest (your profit) to buy up real assets.

It is so simple the mind reels. They essentially own the planet.

As for buying hard assets, yes it can be a good strategy however since they control the currency, they can create inflation or deflation at will. They will inflate when it suits them and deflate when it suits them. If your timing matches theirs you can come out fine. If not, well that's another story. As for determining what their intent at any given time is, remember the story of the Rothschild Waterloo coup. Everyone thought they were selling shares but they were secretly buying them much faster. These same games are going on today.

I'm sure there are other families involved but I don't think there are very many. My guess is that the total number of people at the very top of the system is less than 1000.

CONCHO: Bingo. You got my point exactly, and the same one that Brian missed.

It's the ultimate distillation of the old "Golden Rule" axiom: "Those with the gold make the rules".

Point well taken, CONCHO.

But what do you do if you're not part of those elite families? That was what I was trying to address.

It's not a good strategy to own currencies only because if your timing does not match the financial masters', then you're out of luck. At least it's better to own several currencies rather than one.

Think of the plantation owning families of the South after the Civil War. They lost their wealth because their assets were taken away (slaves were freed) but also because they could no longer pay the mortgages on their lands (which were still theirs). They lost everything because of debts. Had their had no debts, their would have been not as rich but still OK.

My point is that if the currency loses value, you are better off owning something that retains value and can be exchanged for things that you need.

I've been bearish on RE for a while now... and here I am extolling the value of owning hard assets. Go figure...

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I'm not sure that the Rothschilds simply own the blue bloods of Europe. In my view, they ARE the new blue bloods of Europe. The old blue bloods who became poor have been kicked down a few rungs.

The Rothschilds have become rich and, after several generations, they are now part of the establishment.

It's like the Medici family that got rich on trade and banking then became part of royalty and clergy.

I'm not sure there is any tried-and-true methodology to staying ahead of these evil clowns. Property is *probably* the safest bet, unfortunately it is difficult to buy property free-and-clear unless you've already got a pretty good stash or you want to risk buying it in some far-off crummy country. So you're forced to borrow, pay interest, and just hope that your job holds out long enough to pay it off. It just might be the best bet right now, especially if you think that they're going to inflate the US currency. Of course they have a way of doing the exact opposite of what everyone expects -- no surprise since what everyone expects is what they read in the newspapers and watch on TV, which they control!

Also interesting in that video are many of the names -- a Schiff was among the Jekyll Island conspirators. I'm guessing Peter Schiff is descended from the same family but I might be wrong...

I was discussing this with my dad at dinner.

I think that the Federal Reserve is really the best system we have now.

It would be much worse if money were issued by the Treasury. The deficit spending would then be totally out of control.

What alternatives do we seriously have to the Federal Reserve?

Deficits are a function of the mechanics of the monetary system's need to grow. It's an infinite growth system that either grows or collapses.

Money is created via debt creation. The total amount of debt must grow or bankruptcies takeover.

There is no such thing as being debt free in this system or the system dies.

Also, there is a differance between agreeing with the Fed as a mechanism and the ruinous policies of the current monetarism theorcracy that is behind it now. Then again, we could always just blame the politicians for a institution the is legally protected from oversight.

How do you get rid of them if they break the whole system? Which is about where we are at now.

The U.S. could default on its debt if Congress doesn't raise the debt ceiling, but it is a remote scenario."
http://online.wsj.com/article/SB12527097...

Borrow more or default... HAHAHAHA Helluva strategy.

I don't think they will ever label it as a bankruptcy but I does not appear this financial dollar-centric world will be with us much longer.

Arraya - the link was not available.

I think that the Federal Reserve is really the best system we have now.

What alternatives do we seriously have to the Federal Reserve?

You may want to watch the video again more closely. What did the US do prior to 1913? Historically speaking, US government deficit spending has actually been much less when the Treasury issued the currency. And even if the government runs a deficit, the interest is paid to the government, i.e. the people. It can be used to pay national debts, it can be used to build public works, or it can be used to fund current operations allowing taxes to be reduced! Remember, there was no federal income tax prior to 1913. Currently the interest is paid to a tiny secret group of unbelievably wealthy individuals, many of whom are not citizens of the US. They can use it to purchase our property, they can use it to convert into gold, they can bribe politicians, pay assassins, they can do whatever they please with it. The sums involved are astronomical -- it is difficult for ordinary folks like us to imagine the power these people have.

And when in doubt, you can just look at the US Constitution. The power to coin money and regulate its value is reserved for the Legislative Branch. But who reads that musty old document anymore?

Back to work, SLAVES!

I think this can work only if the government is disciplined enough to not grow the money supply more than productivity and the amount necessary to facilitate trade. There would be no check on the government.

Then you would end up with a planned economy, not a capitalist system where the "invisible hand" decides the allocation of resources.

Since the government doesn't have to borrow, it will spend the money into the economy and decide who gets the funds.

The government will also be the lender to private businesses.

That is an interesting concept and perhaps a hybrid system is best.

Students loans used to be issued directly by DOE until the system was privatized.

Since the government now owns Fannie/Freddie, it could issue mortgages directly and cut out the banks (middlemen). Since the government can lend out money at very low rates, it could make the safest loans (say 50% or more down) and let the private banks take on the riskier loans.

We could have a single-payer health care system like Canada and France.

Or we could do as Milton Friedman suggested and let the banks issue their own notes. Let the buyers beware and take the losses if they accept the wrong notes.

I wonder what the more radical conservatives think ought to be done about the money supply. How do we shrink government if we let the Treasury issue currency at will?