Friday, May 8, 2009

A moment of realization...

"A moment of realization is worth a thousand prayers."
- Woody Harrelson, Natural Born Killers

I've just had one of those. First, take a glance at the charts in Recession hides a boon for US Dollar and then read this quote from two centuries ago:



Observing the charts in the previous post, one thing becomes obvious: Trouble did not start until the US Dollar began rocketing skyward versus other major currencies. The entire credit crunch is that distribution of property which a 10-year-old would tell you must happen when the amount on loan becomes worth more stuff before it's repaid.

This massive increase in buying power (30%+ hidden interest on your credit) is being desperately covered up by mass inflation (injections of cash), which will soon render it invisible through shelf prices. The looking glass is only clear when held up against a basket of foreign currencies.

Because the Federal Reserve Bank of New York's stated purpose is to manipulate the ebb and flow of currency, this is a very big deal indeed, amounting to theft. Unfortunately, the position which is meant to oversee them (Secretary of Treasury) has just been filled by their own former president. The same private company which is responsible for this filthy transfer of ownership sent New Zealand their very latest election winner. I smell a rat, and see evidence plain as pellets of poo...

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