READER THOUGHTS ON “THE SDR PURPOSE OF BRICS” BY JC COLLINS Part 2
m111ark DECEMBER 18, 2014 AT 1:19 AM Couple of things JC. Several people I know have gotten letters from their bank saying they’ve got too much money held with said bank… adding that Jan 1 they will start charging for money on deposit with said bank.
As deposits are one bank liability they’ve used to calculate how much debt they can create, I’m wondering what’s changed.
Secondly, I’ve long wondered how they’re going to replace new money creation when the prime borrowers, us, fail to hold up our part of the debt-money agreement.
I’ve thought that China was to replace us and that the proof was the movement of jobs in the 80’s and capital in present century to set the environment for a new middle class hungry for that credit fueled lifestyle.
Seems they’ve eliminated the need for peasant borrowers and gone straight to a world-wide governing body that will simply create money as needed – QE for the world and debt-money forever… debt-serfs and Oligarchs, what a world. Set me straight – please.
JC Collins DECEMBER 18, 2014 AT 2:10 AM There’s a few interesting things to consider here. First, when you put your hard earned assets, say $1000.00, into your bank account, those assets now become the assets of the bank and the account itself becomes a liability.
In essence, we surrender our assets to the bank for a statement of liability, which is our accounts.
Too much in “liabilities” by a bank and they will fall outside of the lending rules which are being trickled down from the Bank for International Settlements in the form of Basel 3 Regulations on Bank Lending. That would be the area I would explore further for a deeper understanding.
Secondly, people are extremely unlikely to “fail to hold up our part of the debt-money agreement”. The transfer of jobs to the emerging markets is all about balancing the service of debts.
Think of it this way, as the debt continues to increase, the amount of time and labor required to service that debt also increases. Time and labor increases with population growth and access to capital, which is really just debt anyway.
The emerging economies are offering the opportunity to continue servicing the debt, which is the dead give away that the multilateral system is indeed going to be implemented and balance created in the system. The billions of humans in the emerging economies will ensure a continuation of debt, not the opposite.
As important as we all think we are, and as much as we may deny this, but philosophers for thousands of years have been expressing their thoughts on the reality of human cultural and social divisions.
The one common conclusion by all is that humans exist in self-imposed divisions of master and slave.
Of course we all want to consider ourselves as the master, but the sad reality is that the majority of us are the slaves, a classification which we unwillingly impose upon ourselves through inner conflict.
This inner conflict is often stimulated by outside interests to ensure a continuation of the master slave paradigm.
Does anyone not find it coincidental that physical slavery was abolished alongside the slow CSI creep of organized banking and commerce?
Based on what I’ve stated above, if debt was actually to be reduced in any meaningful way, say a complete collapse of the system, or reset, then I fear that the masters would not need as many slaves to service the debt.
I’m often derided for the fine line I walk between economics and culture, but one cannot exist without the other. Both are locked in a dance of the macabre and mysterious. What happens in one affects the other.
If anyone truly understands what I’m stating here, they would wish for the system to continue until we are capable of overcoming this inner conflict and developing a new system which can effectively replace this one. The alternative is massive depopulation and horrifying cultural collapse.
Human beings are amazing and imaginative creatures capable of correcting this wrong. But we need time. Debt-serfs is better than being dead-serfs. At least for now. Let us dream tomorrow together.
Somewhere over the rainbow perhaps.
tristero888 DECEMBER 18, 2014 AT 3:09 AM funny, my last thought before going to sleep last night was that the only 2 books one needed to figure this entire charade out was Principles of Accounting & The Collected Works of the Marquis de Sade :)
Lordship & Bondage. Hegel nailed it in 2 words out of the millions that he scribed. not to denigrate the fine people who tune in here, but look at us : bonding ourselves into speculating as to which rocks & paper will allow us to cut through some fantastical future chaos that is being written by some self-styled Authorities who spend their entire lives devising devious ways to make everyone believe they are superior.
and why is any of this important? is this really the essential nature of humanity? is this truly the purpose of the neocortex? does life as we know it exist simply to play out these silly games with each other (ourselves) endlessly over and over and over again generation after generation after generation?
sorry, but i call b***. solstice is approaching, time to eat a mushroom…
Fullcirclelife (@fullcirclelifeO) DECEMBER 18, 2014 AT 3:30 AM The whole master/slave thing is more of a mental construct which in reality is an illusion.
But as far as the debt based monetary system, unless it is changed over to a debt free monetary system it has to end in a collapse of the system or reduction of people to service debt as you mentioned above. Not really sure how else we change this system which has been in place for centuries?
Most people are unaware of the thing which makes them debt slaves so I guess the first point would be recognizing the source of the “cancer” so to speak….
Gustavsaure DECEMBER 18, 2014 AT 4:09 AM Thank you for this deeply perceptive comment. It has really helped me understand where you are coming from.
Daneackerman DECEMBER 18, 2014 AT 10:25 AM Hey tristero888 lmao. “sorry, but i call b***. solstice is approaching, time to eat a mushroom…” Don’t those mushrooms grow from bullshit? Lol.
Dripfood DECEMBER 18, 2014 AT 12:01 PM The continuous rise of the population will buy us a lot of time to solve our inner conflicts. It will also boot us off of this planet, which is the main long term occult driver of the global consolidation of capital.
We need huge sums of capital to employ the many brains and hands that are needed for the kind of global projects we humans need to embark on to deliver us into the next phase of human civilzation.
The ‘elite’ serve a purpose with an expiration date. The disorganized masses will transform into organises masses, whom will never expire their purpose.
m111ark DECEMBER 18, 2014 AT 3:07 AM Speaking of Time JC, I think I’m going to need more of it to digest your reply.Frankly, not looking forward to the continuation of the debt-serf status we currently
JC Collins DECEMBER 18, 2014 AT 3:10 AM But each moment living is another opportunity to turn it all around. Take your time brother.
Daneackerman DECEMBER 18, 2014 AT 10:27 AM Very nicely said JC.
Unreasonablescot DECEMBER 18, 2014 AT 8:33 AM Another insightful view putting reality first. Shame on US Congress for their combined ignorance and self interest in not approving plan A with IMF reforms. They need to tune into your excellent site – might make them think not least being portrayed as chimps!
My contribution is associated with the Historical Bond redemption which will put liquidity into the market but at “street level” creating work and sharing knowledge. As it happens I will keep you informed as if I am right it will have great significance to ”balancing” the world’s current woes.
daniel grig (@gelingrig) DECEMBER 18, 2014 AT 1:02 PM hello, Exit the system of slavery, is the dream of human beings in the 21st century. Exiting is the hardest question to answer. Here are a possibility – through Natural Law. http://youtu.be/-QpWL3mDJ5E Maritime Admiralty Law by Maxuell
Someone knows your name and last name are written with letters majusculas in all his papers?
Birth certificate, identity card, driving license, marriage certificate, and all the other roles, in all our name is in big letters? We are a company with our name backed by our living being.
The company is called eg DANIEL POPESCU and man called Daniel Popescu (lowercase letters).
Look at the papers of a company and you will see that the name of the company, is written in majusculas letters, like our corporate name in the passport, driving license, birth certificate etc.
You can order system down there about this process, but people are inoculated, used and formed cognitively, living in the shadow of the system.
Afraid to go out, maybe there is a way out.
People prefer expect some politico-economic, strength come to save us.
He prefers to believe in the BRICS, the White Dragon Society in Putin in China, in God, imagined any extraterestres … save us …
Thswarrior DECEMBER 18, 2014 AT 5:11 PM To daniel grig, who has much less faith in humanity than he should have. No fear.
Jack Jackson (@hugovictor54) DECEMBER 18, 2014 AT 3:11 PM ear J.C.: Let me see If I have gotten this right. A liquidity crisis of substantial proportions is about to ensue.
The banks arising around the BRICS, with the assistance of the IMF and BIS, are the micro from which the macro SDR system will spring.
The present macro federal reserve dollar system is the macro about to become the micro to the new SDR system after having to capitulate to the more stable SDR system. Sincerely, Pdog
JC Collins DECEMBER 18, 2014 AT 5:18 PM You got it Jack.
Rick Shade DECEMBER 18, 2014 AT 3:28 PM JC…. Karen Hudes…..says there is a movement to replace the FRN’s with Treasury notes backed by gold. Is she a looney, or on to something?
IF you had money in the bank…would you take it out and stuff your mattress with it, or perhaps buy silver? I am a little leery holding a bank savings account right now. The Swiss are charging .25% to “protect” money. We are in serious deflation, and it will not be easily contained….
JC Collins DECEMBER 18, 2014 AT 5:20 PM That particular character is not a viable source of information. And I always make sure I have a little bit everywhere.
Rick Shade DECEMBER 18, 2014 AT 3:36 PM
Interestingly, Putin is not gonna be so stupid as to sell his gold to back the worthless currency….
get your popcorn and take a seat….game is ON….
Toknowyourenemy DECEMBER 18, 2014 AT 4:38 PM Why is debt the only fuel used by the …….dollar, euro, sdr et al/etc. machine? Equity (like diesel fuel) is stable and reliable and debt (like nitroglycerine) is uncontrollable and unpredictable. One gets you there and the other gets you there like RIGHT NOW!
If the goal was to have the balance and harmony the currency of these 27? families control – why grow the machine before its really ready to run long term – because at some point the battle will be within their borders and life will be a struggle to win or at least survive a zero sum game amongst those who have what they covet – each others power.
** them, but along the way – why sdrs and not chicken bones, seashells, or cheetos in the image of pop stars? Did they just pull ‘SDR’ outta their ass and run with it?
All it does is turn us against each other at every.single.level. The unit of exchange in a fractional reserve credit based scheme found deep roots in the specialization of tasks and division of labor.
All your life your taught to deny immediate gratification so one day you can have lots of gratification? I need more.
Thswarrior DECEMBER 18, 2014 AT 5:59 PM Response to the poster who goes by “toknowyourenemy” who ended his heartfelt lamantation about the immediate future– and who is worrying about not having enough money– and by ending with this statement: “I need more.”
Response: Oh well. All my life I was taught that no one has ever saved their way into real prosperity. Earning great wealth requires “investing” i.e., using the five real components of “wealth” which are– in order of most importance: Life, Time, Land, Labor and capital.
(Banksters would have us try to reverse that natural order.)
Toknowyourenemy DECEMBER 18, 2014 AT 7:24 PM I in no way was referencing money, assets, or financial instruments.
Cramley DECEMBER 18, 2014 AT 6:04 PM What are these two buildings?
Jose Johnson DECEMBER 18, 2014 AT 6:35 PM
Nice looking towers. Reminds me of tower of Babel or the tarot card “The Tower”. Wonder if they are central bank divisions in China.