slug.com slug.com
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Solve inflation problem by creating more inflation. That is the only trick these criminals know. So expect this to be race to zero. Take you bets ladies and gentlemen, which fake fiat currency is going to zero... first?

UK, Germany and USA are mouse clicking trillions to bribe voters and postpone the inevitable rise of people with forks and torches coming for their heads. Coming to town near you.

Anything Goes: A strange time in the UK.

.............................................................

If it wasn’t for politicians and central bankers finding it impossible to resist either using currency as a tool for economic management or simply as a source of funding government spending, the distinction between money, which evolved into gold through market forces, and currency, always a creature of the state, might not matter.

But the British economist John Maynard Keynes, quoting Lenin said: “There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction and does it in a manner which not one man in a million is able to diagnose.”

Germany's 1923 Hyperinflation: A "Private" Affair by Stephen Zarlenga

[alpheus.org]

Modern monetary economists define hyperinflation as any inflation rate above 50 percent per year. In the 1920s, Germany had inflation rates in the thousands of percent.

Far too many German marks were being created under the privately controlled Reichsbank. Exactly how, will be discussed shortly. These excessive issues drove down the value of the mark:

By July 1922, the German mark fell to 300 marks for $1; in November it was at 9,000 to $1; by January 1923 it was at 49,000 to $1; by July 1923, it was at 1,100,000 to $1. It reached 2.5 trillion marks to $1 in mid-November 1923, varying from city to city.

.............................................................

Visualizing The FINANCIAL COLLAPSE | Updated EXTER'S PYRAMID For 2022 via Parallel Systems

In today's show I take you step by step through my new and improved version of Exter's Pyramid for the coming financial crisis. I discuss what this means for key asset classes and how it relates to the new Global Monetary System being designed by the BRICS+ nations.

0:00 Visualizing 1 Quadrillion Dollars
04:25 Exter’s Pyramid Outdated?
06:50 Toxic Derivatives
11:03 Unfunded Liabilities
11:28 Debt Slaves
13:14 Bank Bail-Ins
16:35 Government Bondage
19:57 Starving Billionaires
24:30 Real Things = True Wealth
28:53 The Most Important Asset
35:50 Zero Counterparty Risk!
40:11 BRICS & Exter’s Pyramid
44:50 Ponzi Scheme In Numbers

The Creature from Jekyll Island: A Second Look at the Federal Reserve, 1995 by G. Edward Griffin

Where does money come from? Where does it go? Who makes it? The money magicians' secrets are unveiled. We get a close look at their mirrors and smoke machines, their pulleys, cogs, and wheels that create the grand illusion called money. A dry and boring subject? Just wait! You'll be hooked in five minutes. Reads like a detective story — which it really is. But it's all true. This book is about the most blatant scam of all history. It's all here: the cause of wars, boom-bust cycles, inflation, depression, prosperity. Creature from Jekyll Island will change the way you view the world, politics, and money. Your world view will definitely change. You'll never trust a politician again — or a banker. Putting it quite simply: This may be the most important book on world affairs you will ever read.

Federal Reserve : The Creature From Jekyll Island (by G. Edward Griffin)

...................................

John Titus - BestEvidence: Fed Admits Crony Truth About Pandemic QE: “it creates new bank deposits”

Sep 5, 2022 Ahhhh, so it turns out that the Federal Reserve CAN shovel money directly into retail bank accounts, and did so for two full years under cover of PANDEMIC!!!

BestEvidence has stood alone in making exactly that point repeatedly over the last two years, defying the financial pundits who sought to quell any concerns about what exactly the Fed was doing with solemn assurances that, no, you silly serf with your pesky concerns—the Fed’s QE programs have no effect whatsoever on the retail money supply because [insert Fed-apologizing snake oil here] “reserves don’t leak out into the banking system.”

BestEvidence is pleased to announce that in its quixotic quest to bring light to the shameful QE darkness cast by said pundits, the channel has picked up a new ally: the Federal Reserve itself. Well, a team of Fed researchers, anyway.

For those keeping score at home, it’s now official:

BestEvidence 3
Financial Gurus 0

Far more interesting, though, than a bunch of hoity-toity financial pundits having their face masks adorned with a thick layer of egg, is what the Fed’s admission about Pandemic QE reveals about the privately owned central bank’s actions over the last 12 years. As always, follow the money…

[bestevidence.substack.com]

Krunoslav 9 Sep 5
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Just wondering - how much of GB food supply is grown and harvested domestically vs that which is imported?

iThink Level 9 Sep 5, 2022

Good question. Not sure exactly. But I imagine its not enough to endure the most morinoc ideological policies we are seeing where they are feeding zee bugs to the kinds at schools.

BBC says, not sure what year. The Great British food quiz

Britain produces enough food to feed itself for only 233 days of the year, meaning we’d have run out of food on 20 August this year if we solely relied on homegrown produce. The UK produces more of some foods than others, with 84 percent of fruit and 47 percent of veg being imported. Test your knowledge about where our ingredients come from, and where our food is produced, in the Great British food quiz.

The President of the NFU, Minette Batters, has spoken about the importance of the government supporting British farmers to produce sustainable food:

"Imports will always play a crucial role in our food system but our own self-sufficiency must be paid more attention by government. It is stagnating. We sit now at only 64% self-sufficiency, having fallen from over 75% in the mid-1980s.

“The entire economy is now aiming to build back better, to build back greener. British farming can be central to that green recovery. We have a golden opportunity to place food security at the centre of our food system and become a global leader in sustainable food production."

There you have it. Mao and Stalin type collectivization. I mean what could possibly go wrong?

All I could find was this. But that was before Ukraine situation and everything else, so except much much much worse conditions.

Official Statistics: United Kingdom Food Security Report 2021: Theme 2: UK Food Supply Sources

Updated 22 December 2021

[gov.uk]

With watermelons in power, its hard to see how this does not end badly. I mean they are talking about using carbon copy paper and pen and paper and typewriters this winter because there will be no electricity, got to chase that green stuff. And off course water will be in short supply. lol

Britain. Desperately short of water… cough

@Krunoslav I also wonder about production of meats in GB. Cattle, Swine, Mutton, Chicken...and what about Eggs and Dairy products...Just a guess but I would not be surprised if most of the meat, eggs, dairy consumed in GB is imported.

@Krunoslav oh, BTW who doesn't love Katy Hopkins...she's a gem.

1

Like trying to cure alcoholism by hitting the bottle.

sqeptiq Level 10 Sep 5, 2022

Yup.

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