IT SLOWS DOWN EVEN THE BEST SYSTEMS.

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November 24, 2008 (LPAC)–Describing the primary problem facing the global financial system as “a shortage of money,” HSBC managing director of economics Stephen King then asserts that the solution “has to be monetization. The printing press has to be turned on.” King makes these assertions in his column in today’s London Independent.

“[T]he financial crisis is mutating…. It is fast becoming a crisis of liquidation…. we’re edging toward a world of deflation,” King says, adding that “the overall volume of lending is inevitably coming down” and that “companies, households and investors fear a shortage of cash. Any cash they’ve got, they hang on to. Any cash they need, they raise via the sale of other assets which can be swapped into money. Panic takes over.”

That is a fair description of the reverse-leverage blowout now under way, which is centered in the multi-quadrillion-dollar derivatives market. The problem facing the derivatives speculators is that there is nowhere near enough money in the world for them to cash out their fictitious winnings. Whereas the obvious solution is to shut the derivatives markets down, King views the matter from the parasite’s perspective, and instead demands that the central banks take charge and print as much money as necessary to cover the derivatives claims.

“The printing press has to be turned on,” King insists, saying: the problem in our newly deflationary world is a shortage of money.” He admits that such a policy could cause “hyperinflation, as Germany’s Weimar Republic discovered in the 1920s and Zimbabwe has discovered today,” but dismisses that danger by claiming that “These, though, are exceptional times.” King further states that, “to make the policy credible,” it “should not come from finance ministers but, instead, from the world’s central bankers.”

In effect, King is demanding that the central banks save the speculators by printing as much money as is necessary to save their funny money, leaving it for the nations and their peoples to pick up the ultimate tab. This is a prescription for both a global bankers’ dictatorship and savage, crushing austerity upon the population of the world. No wonder HSBC is calling for a new Hjalmar Schacht. The old fascists need a new Nazi to implement their plan.

Thanks for any info.

Scarlett

http://proliberty.com/observer/20070905.htm

It is interesting to note they claim Guardasil is 100% effective, this stat was purely made up as inoculation age is between 11 and 26 while guardasil has only been around 1 to 2 years and women don’t contract cervical cancer t’ill the age of 40. It has also caused 7 deaths so far and 64 reported cases of chronic illnesses and that is just what was reported.

WHATEVER YOU DO, DON’T LET THEM GIVE YOUR KIDS THIS SHIT

talk to your kids and tell them under no circumstance are they to let somebody give them an inoculation without your consent and presence, my kids are now officially never getting another inoculation for anything, EVER