Wealth is not static. Wealth is a river, and for rich people to stay rich, they have to have a hand in managing the flow of this river.
They have to use their money to capitalize a business and manage it, or get others to manage it for them while they still control the assets and financial management of these businesses.
In other words, leverage. The oligarchy regards its financial leverage as a law of nature and not a positive externality of a functioning civilization.
Part of a functioning civilization is treating banking as a public utility. Shear the sheep, don’t slaughter them. Take the golden eggs, let the goose live. Depositors and savers are the sacred cows of banking; if people lose faith in depositing money into banks, game fucking over.
We are seeing the death of banking, in two phases.
Phase One; banks don’t pay interest to savers that beats the rate of inflation. You lose money against inflation if you put it in a savings account or CD.
This did not kill banks, because banks don’t rely on depositors to make loans. They make loans out of thin air from the Federal Reserve.
And it hasn’t occurred to people that banks not paying interest is a major malfunction of the Federal Reserve controlled banking system. They have failed at their job, and it’s time to fire them. But they think they are a aristocrats and cannot be fired.
The fact is, the bankers can, and probably will be fired. People can stop using banks altogether, and when that happens, the 15% underground economy and 85% aboveground economy switch places.
Americans could turn to the underground economy, if we are forced to do so. It will be a lot of work in making this transition. It will initially be chaotic but ultimately self organizing.
Posted on July 6, 2013 by dandelionsalad
by Ellen Brown
Writer, Dandelion Salad
July 6, 2013
trend to shift responsibility for bank losses onto blameless depositors lets banks gamble away your money.
When Dutch Finance Minister Jeroen Dijsselbloem told reporters on March 13, 2013, that the Cyprus deposit confiscation scheme would be the template for future European bank bailouts, the statement caused so much furor that he had to retract it. But the “bail in” of depositor funds is now being made official EU policy. On June 26, 2013, The New York Times reported that EU finance ministers have agreed on a plan that shifts the responsibility for bank losses from governments to bank investors, creditors and uninsured depositors.
Insured deposits (those under €100,000, or about $130,000) will allegedly be “fully protected.” But protected by whom? The national insurance funds designed to protect them are inadequate to cover another system-wide banking crisis, and the court of the European Free Trade Association ruled in the case of Iceland that the insurance funds were not intended to cover that sort of systemic collapse.
Shifting the burden of a major bank collapse from the blameless taxpayer to the blameless depositor is another case of robbing Peter to pay Paul, while the real perpetrators carry on with their risky, speculative banking schemes.
Go for it, banksters! Seize those depositors assets! I lived in Russia for 6 months — people don’t deposit their money into banks there, at least not local banks. Russians don’t trust banks. And there is a large underground economy; and ordinary people are much better off than in the USA. A White Ukrainian cabdriver dude can support a family in Ukraine.
Americans will have to figure out an alternative in commerce to using banks, and even federal reserve notes. We’ve had a trustworthy economy system that we don’t remember how to do this. There’s no historical memory in the US of underground economy; but there is among the zillions of immigrants. So we can actually use the immigrants to help us do an underground economy. Most of the existing US underground economy is the immigrants already; while American suckers play by all the rules and say yes sir! How high sir! Indian convenience stores are like “whatever,” the American financial system is so easy to game! Taxes? Ha! Low interest loans to open Gandhimart? You betcha! Hiding our considerable assets? That’s the way we do in Mumbai!
I know it seems weird to see immigrants as an asset that we can use (since they are here anyway), but there’s a higher goal here — to strike at the heart of the banking system. A USA underground economy will be a vote of no confidence in the Federal Reserve that will be heard from the DC, to the City of London, all the way to the Central Bank of Europe in Frankfurt (birthplace of the 5 Rothschild founding brothers).
No Turner Diaries scenario, unless they pick a fight with us. Just a mass cultural-economic re-ordering that deleverages bankster control over our economy, and the deleveraging of Jewish Cultural Marxist influence over our White American culture.
You can participate in this mass deleveraging. It’s already happening. Here’s one of the tips of the icebergs of the deleveraging movement.
The 2013 New Farmers Almanac is a publication with its eye fixed sharply on the future of America — How will we reclaim a landscape dominated by monoculture? How will we accommodate the upcoming population megaflux? How will our nation change now that the majority of citizens live urban lives?
Our Almanac is filled with essays and illustrations of agrarian advice, technical and philosophical, contemporary and historical. Brimming with ambition, the 120 contributors have created a rich, cooperative and highly various fabric of ideas, sure to entertain for hours on end, or a few minutes a day. The Almanac reflects the rich tradition of diversity, innovation, reform and highly principled American agriculture; though corn and soybeans today dominate our prime acreage and distort farm politics and economics. We’ve compiled a collection that stretches back earlier and further forward – bridging the work already done, and the work yet to implement a truly sustainable agriculture. All readers, both farmers and non-farmers, will be invigorated by the contents, inspired by the powerful testimony of history and amused by the cheekiness of the games and songs.
The writers in this Almanac are asking, and answering, the big questions. They are already creating the post-bank world.
Listen to Severine Tscharner Fleming on the Kunstlercast (how I found her) here. She talks about how farmers and landless but skilled laborers are reviving the Grange. They have conferences and throw parties for each other, and as I mentioned above, an Almanac. Severine (what a name!) wants more of us to get involved. here’s a quote from her — note that she herself does not own a farm, but rather does travelling farm internships at other farms:
Smithereen Farm is a little farm llc that I can carry with me until I have a farm of my own. It is the legal structure and equipment that I can use to run animal operations and herb-drying operations wherever I may be living and working, which is usually for Greenhorns and for another farm where I’m learning the next set of skills.
American agriculture needs more brains, bodies and businesses. Particularly those with a commitment to sustainable methods, soil stewardship, local food security. These are goals we share in the young farmers movement, and goals that serve our country’s long term best interest. While there is much wrong with the current economy, we have the advantage here that there is still land, land to be leased, land to be farmed, land that is attainable– and that opportunity to make a new businesses, one that is driven by the values and muscle of young minds may be our best hope.
You want to get in on this? You can. You can go get a farm intern job.
I know a WN in his 20’s who moved across the country to a farm intern job. He gets a stipend of 300 a week and a room, and since he’s working on a farm, there’s plenty of opportunity for free food. So he can basically save most of his 300 a week! Sure it sounds like a small wage, but not when your expenses are minimized.
Even better, he’s learning a raft of skills. He’s learning exactly what is done if he ends up owning a farm, and how to turn a profit. This is invaluable. He wants to learn butchery so he can go work for big game hunters on the tundra or the jungle. But you can learn all kinds of things — cheesemaking, winemaking, brewing, fermenting, perhaps even stuff like blacksmithing/metalworking. People are doing all kinds of stuff out there. Once you get in that world, you meet others, find other opportunities, learn new sets of skills, until you find the right set of skills for the right circumstances to do your own business or get a very good job and life situation.
Your job will be like one year at a time. you spend a season with one farm, and start planning to the next place you will go for another season. So few people have these skills, it will be well worth it to spend a few years (at least) doing various (paid) farm internships or food processing (cheesemaking, microbrewery) internships/jobs.
Farm job hours are humane since it’s hard work. After your 8 hours (with some exceptions, such as haying when the sun shines), the rest of your day is yours. You can study math or a foreign language. You got broadband and skype and youtube and cheap college textbooks from Amazon.com the sky is the limit.
Also, if you are part of farm production of some sort AND you also get in on the Indian Vaishya caste convenience store scamming tricks, you’ll bring together two disparate but potentially symbiotic tendencies. The very honest, very Aryan farm skills movement, and the Mindweaponized, Asiatic financial mentality. Rarely do the twain ever meet; but they could meet in you.
Get out of your parents’ basement, out of your stagnant situation. Go do farm internships and construct the post-bank economy, where we will be diverting the economy river to us, and to our control. This is how we deleverage the bankster control and take the planet back from those epic failure usurpers.