How America allowed poverty AFTER it bailed out its bankers and wealthy still escapes me..... [more]
WARNING: WHAT YOUR BANKER CAN'T TELL YOU SO THEY CAN KEEP THEIR JOBS:
As you know, since QE1 I have been sounding off on the growing Federal Debt......but like homeowners in the housing bubble, some of you saw your investments rise so most of you really didn't care despite the destruction to the real economy, your kids future and millions of your fellow citizens.
Since then our debt, Federal Debt, has grown from $6 Trillion to now approaching $17 trillion in about five years. THIS IS MONEY WE AND OUR KIDS OWE......
In order to accomplish this, interest rates dropped to multi-hundred year lows.
NOW INTEREST RATES ARE RISING AGAIN.
Every 1% rise in interest rates costs we taxpayers about $170 Billion dollars. If interest rates rise just 3% to still historically low levels, just NEW interest obligations will consume half of current income tax receipts and there won't be much money to fund anything else, including our schools.
As a matter of fact, MOST OF YOUR INCOME TAXES will have to double simply to cover the rising interest obligation.
And what if you don't pay more taxes?......well your investments, jobs and businesses (which is now essentially all of them) that are now dependent on Federal Debt and Federal Spending will fail.
Have you kissed your banker today? Because if interest rates rise just a little....your attitudes about the last few years will quickly change.....just like many homeowners a few years ago that got screwed by bankers infecting our system with too much debt.
Read more at http://globaleconomicanalysis.blogspot.com/2013/05/eu-requires-spain-to-raise-vat.html#EZKTSI6bPIJSemiQ.99 [more]
With 7 Billion People Wanting To Consume Industrially
For over 30 years, we Americans have been nurtured to be consumers
Our education system intensively trained us to be consumers
Those that resisted the consumption curriculum were medicated
The jobs that... were waiting for us were built around our own consumption
The media and entertainment contantly reinforced the virtues of consumption
Our military routinely slaughtered others to control resources so we could keep consuming
The financial system enabled this behavior by loaning us OVER $50 trillion dollars in just 30 years
Because of our dependency on bank debt and currency, dollars and financial institutions became our gods
And even our president told Americans to go shopping after 9-11 when our consumption freedom was questioned
Following the tragic events of 9-11, Americans lost their capacity to question and many turned into zombies
No group in history has consumed as much of the world's resources as the American consuming zombies
However, Zombies have now proliferated around the world creating an environment called Zombulation
Conditions have become so extreme that millions globlly are dying from pollution every year
Conflicts are now spreading around the world to control resources to maintain consumption
Zombulation is depleting resources worldwide to levels threatening future sustainability
Yet the zombies can't stop and still support the criminal and corrupt banking system
Consuming is all the zombies know......and consumption is environmentally destroying the planet
It's now clear the bankers are choosing to eradicate the zombies globally by cutting off credit
Credit is the lifeblood of zombie consumption and a necessary tool for zombies to survive
Zombies no longer produce what they consume so they depend on credit for trading
Without credit, there can be no consumption and without consumption zombies die
Stress and frustration is rising globally as the bankers select which zombies to kill
The media is lying to the zombies so a selected few can keep consuming
Many are now confused because consumption is all the zombies know
Consumption was the only system that the zombies were told to trust
And now the corrupt bankers and politicians are destroying this system and millions are suffering within it
THE WORLD FACES A NO-WIN SITUATION:
It must choose between a fraudulent financial system or save the billions who are victims of it
Neither choice offers a sustainable solution for the planet...but there is a way to win [more]
The Kobayashi Maru was a test in Star Trek to see how a potential captain would react to a no-win scenario.
THE WORLD NOW CONFRONTS IT'S OWN NO-WIN SCENARIO:
It must choose between a (environmentally and financially) failing economic system or save the billions who are victims of it
Neither choice offers a sustainable solution for the planet...but th...ere is a way to win
In Star Trek, you can see how Kirk was the only Captain to ever beat the test here:
In real life, you can see one proposal to beat the test here:
Soon many of you will learn that after 2008, money became the modern day equivalent of slavery. Its genesis was the product of fraudulent bank loans being made by criminal bankers.
Ironically, the head of the IMF is now under investigation for theft and embezzlement: http://globaleconomicanalysis.blogspot.com/2013/05/christine-lagarde-head-of-imf-in-court.html
Today, if you have money, you are free...and if you don't you are a slave. But if having money is based on a criminal/immoral financial system, is that really freedom?
For me, it was easy to see how corrupt our system became, especially after the bailout of the banks. It was my area of expertise and knowledge, plus a game I had passion about as long as it had acceptable rules.
The irony is most of you and many around the world, EVEN AFTER LEARNING HOW CORRUPT THE SYSTEM REALLY WAS, still supported it. A system in direct contravention of your religious and most of your publicly stated beliefs.
I place no fault in anyone...we were all nurtured into this system....and few more than me. But it helps me understand how evil people can be to each other....even those people who perceive themselves to be good.
I am very optimistic about our future and our children's future. Automation will eliminate much of the requirement for human jobs and the requirement for control we have over each other.
As it is now clear to me this system is finally collapsing, I hope you understand why I sent you these eMails. And if it is not clear today, it will be soon as evil triumphs when the good do nothing.
All the best,
Many people around the world think they are confronting a no-win situation:
Choose between a failing economic system or try to save the billions who are victims of it
Neither prospect offers long term solutions regardless of the choice...but there is a way to win [more]
An amazing video on the future of education....today. [more]
Soon 3D printing and automated manufacturing will be very disruptive to China's manufacturing dominance.
If you think about it....
Many of today's most innovative companies were started by college dropouts
Many of the technical graduate fields and professions are staffed by foreigners with H1B1 visas
Essentially all financial success can be attributed directly to borrowing $50 Trillion dollars from banks over the past thirty years, 10X more money than all previous generations combined
By borrowing so much, the past generation was able to turn a powerful producing nation into the largest consuming country in history yet still perceive wealth
Those same college grads accepted a food system that has become not very nutritious for their families
They implemented the most expensive health care system in the world that has not improved health
Many grads medicate their kids with drugs to confine them in boring classrooms producing substandard outcomes
Millions watch fabricated "reality TV' because their own lives are so unfulfilled
They listen to news that rarely offers much substantive information
Social conversations center around nonsense instead of contemplating issues that advance the human condition
They knowingly elect politicians that lie and attack others simply to control resources to keep consuming
Many work in unproductive jobs that can easily be eliminated or replaced with more efficient technology
They watched in silence as the rights their ancestors fought and died for were voluntarily stripped away simply to feel protected from illusory enemies
And now they too send their kids to college, not to learn, but for the social experience leaving them enslaved with an unprecedented debt burden and little prospect for productive jobs
Simultaneously, the bankers are cutting off credit destroying America's capacity to consume and their system....
....despite the mounting evidence of the system's failure, the college grads continue to worship the bankers as their gods....the same gods that are about to let them see that their college degree was simply a tool to make them debt dependent consumers instead of productive, creative, and innovative human beings
There is hope...but first there must be understanding of the truth that they are victims of the biggest banking Ponzi scheme in history
The current debt based industrial economy is both environmentally and financially failing globally. It is an unlimited growth model in a finite world. In order to extend a corrupted system, capital has now become debt that can't be paid back and pollution is killing millions around the world. Competition for resources is the catalyst for increasing conflicts while stress, tension and frustration are rising globally. Absent a change in systemic thinking, total global failure is inevitable. However, there is hope, unlike animals we humans can change and advance when confronted with the truth and/or a better alternative. UdderWorld's goal is to provide such an alternative. [more]
It is an interesting question..... [more]