The Rat Race Part IV – The Pyramid Section 1 [Archive]

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pywong

25-04-2008, 11:48 AM

pywong

25-04-2008, 11:50 AM

Here is The Rat Race Part IV – The Pyramid Section 2

pywong

01-05-2008, 04:22 PM

Here is a more rigorous and scientific treatment of the Rat Race from a psychological framework. Useful read as it gives a slightly different slant to a similar problem - tricks against the mind by the manipulators. Understanding it helps us to avoid being made suckers.

Sorry, much longer than my article. :)

How not to become a sucker in this world - very important principle in the Rat Race. :D

http://thedoctorwithin.com/index_fr.php?page=articles/doors_of_perception.php

Key Points:

THE DOORS OF PERCEPTION: WHY AMERICANS WILL BELIEVE ALMOST
ANYTHING by Tim O' Shea

CONVENTIONAL WISDOM
PROGRAMMING THE VIEWER
DECEIT
DISSIMULATION
DISTRACTION: Oil, Pharmaceuticals, War gear, Security systems
WHAT DO WE REALLY KNOW?
HOW IT ALL GOT STARTED
THE FATHER OF SPIN
SMOKE AND MIRRORS
HERE COMES THE MONEY
THE PLAYERS
LESSON #1
CANNED NEWS RELEASES
THE LANGUAGE OF SPIN
CHARACTERISTICS OF GOOD PROPAGANDA
SCIENCE FOR HIRE
JUNK SCIENCE
THE REAL JUNK SCIENCE
THE TWO MAIN TARGETS OF "SOUND SCIENCE"
THE LANGUAGE OF ATTACK
THE MIRAGE OF PEER REVIEW
KILL YOUR TV?
PLANET OF THE APES?
TEA IN THE CAFETERIA
References

pywong

03-05-2008, 09:57 AM

Here is a stripped down version of The Rat Race Part IV – The Pyramid. It is in two sections as the file is too big.

The Rat Race Part IV – The Pyramid Section 1

The Rat Race Part IV – The Pyramid Section 2

Sorry for the length. Can't figure out what to leave out.

The last series will be Part V - the Malaysian Pyramid, hopefully next week.
I have started a thread to elaborate on the above question:

Who Controls The US?

How they do it?

Financial Education: What does the Gold Price Tell us about the USD? (http://www.usj.com.my/bulletin/upload/showthread.php?t=22746)

rocker

04-05-2008, 01:06 PM

pywong

04-05-2008, 02:15 PM

woh you have openned a can of worms.....

i think the ultimate enemy of your conspirator theory is not gold but farmers, or people who know how to till the land for shelter,food & water...

btw your conspirator theory is not new nor original...but i am not saying you are wrong....

all evils were attributed to Hitler who started WWII and the Jews Holocaust...but do you think you sincerely can believe that he single handedly can sustain the whole war machine?
The Conspiracy Theory suggested that initially Hitler was financed by the Financial Class but as he gathered more power, his greed overcame him and he turned. There is a study that proved if you can get 5% of a population to move in a given direction, the rest will follow. That is why systems like communism and fascism were so successful - they were good at mobilizing the masses. Lee Kuan Yew learned the lessons well in setting up the PAP.

A favourite tactic of the bankers was to finance both sides of a war and in fact they actively encourage countries to go to war. War is good business for the banks. It also aids in the destruction of groups that grow during peacetime to challenge them.

To test this idea, follow the money.
Eg: The recent Iraq war: Who benefited? Identify them and you will have a good idea who initiated the war and why? I bet you the war wasn't over Weapons of Mass Destruction. The poor Iraqis got in the way, being unfortunate enough to sit on the 2nd biggest reserves of oil in the world. The American Military Industrial Complex needs it to feed their system.

Notice how the US Defense Dept got bigger and bigger despite the collapse of the Soviet Union? Then they decided China was the next target. Up to 2001, the US hawks were building up the case to attack China. 911 was a useful distraction. The jury is out whether it was really Osama bin Ladin or an internal conspiracy. We need more time before the truth comes out. One thing that didn't gel was Bush calmly sitting in the kindergarten for half an hour immediately after receiving news of the 911 attack. Presidents don't behave like that. Even moronic ones.

Next distraction: Watch Iran. She has stopped accepting USD as payment for her oil. That was exactly what Saddam Hussein did before he was toppled. Ask ourselves: What happens if the US attacks Iran?
What will happen to the economy, the value of the USD, inflation, price of essential commodities like food, oil, etc?
How do we protect the purchasing power of our money?
And if you are a working Rat, sorry for you. Your chances of being hit big is very high.

My point: Keep your mind open to all possibilities. The most obvious one is not necessarily the correct one. Recollect how magicians fool us. Then filter new information as it arises. Ignore the news media and TV. They are designed to distract and confuse us. Read articles that provides in-depth analysis and test against our mental models.

The Pyramid model is not perfect. It doesn't have to be. It is just a simple framework to make sense of the world. Use it until a better one comes along.

Feynman

04-05-2008, 03:13 PM

So, I've read the articles,... what's the things I need to do? Abandon all fiat money (that's RM, S$, USD, Euro) and start buying and stocking up gold?

Feynman

04-05-2008, 03:58 PM

pywong

04-05-2008, 05:17 PM

"The worst of the crisis in Wall Street is over,'' said Warren Buffett in this news (http://www.bloomberg.com/apps/news?pid=20601087&sid=aMWbId0HNwOk&refer=home).

Warren Buffett is very well respected in the financial line. Is he also part of the Financial Class out to cahoot the public... :confused:

I'm very confused now. As a layman, what's the action you would suggest that we do?
If you visit GATA (http://gata.org/) regularly, you can keep abreast of development on the financial crisis in the US.
This article does not agree that the crisis is over:
http://gata.org/node/6274
It says that the US Federal Reserve has committed USD 600 billion in loans to banks to help them out. Last month, it gave JP Morgan USD 29 billion to bail out Bear Sterns in exchange for USD 29 billion of worthless paper - derivatives of sub-prime mortgages.

The US Fed's net reserves are USD 889 billion. How far can it afford to go in bailing out its cronies before it itself goes bankrupt? Since early last year, all its assurances on the economy has turned out to be false. Do you want to be a victim of their lies?

You can also follow the thread on Financial Education here:
http://www.usj.com.my/bulletin/upload/showthread.php?t=22746
where I am trying to collate information and explain the relationship between gold and money.

There is a lot of smoke and mirrors in the financial market. So if you wish to keep life simple, holding gold is the best option. There is no guarantee that the gold price will not drop in the short term. But long-term, it will rise. Follow the Financial Education thread where I will explain more.

I like to keep this thread focused on clarifying the Rat Race principles and start other threads to explain certain ideas in more detail.

rocker

04-05-2008, 07:35 PM

abraham lincoln said this

you can fool some people at all time

you can fool all people at some time

but you cant fool all people at all time.

yr conspiracy theory need a group of people so intertwined in minds and purposes that they live & breathe as one unit. this only happen in science fiction. for example, when hitler wanted to start operation barborossa, most german generals disagreed with him. some even wanted to assasinate him at that time. humans are unlike other organisms where self survival controls more than group survival.

yr rat premises that they fight among themselves to ensure their own selfish survival. this you said is because its a human nature. granted this is true, then those at the top of pyramid who are also human, we would expect them to fight among themselves to further their own selfish gain. but yet your very own conspiracy theory requires them to function as a group with no internal strifes whatsoever. the great roman empire was also destroyed so what is a group of conglomerates?

pywong

04-05-2008, 09:36 PM

yr conspiracy theory need a group of people so intertwined in minds and purposes that they live & breathe as one unit.

yr rat premises that they fight among themselves to ensure their own selfish survival.

this you said is because its a human nature. granted this is true, then those at the top of pyramid who are also human, we would expect them to fight among themselves to further their own selfish gain. but yet your very own conspiracy theory requires them to function as a group with no internal strifes whatsoever. the great roman empire was also destroyed so what is a group of conglomerates?
Conspirators work as one unit: Not necessary. The cake is big enough. In the early 1900's as the US grew to become the largest economic power, it was said that Rothschild wanted to control the US banks and collaborated with JP Morgan and David Rockefeller to set up the US Fed. By 1913, they succeeded. But the Americans turn on the Rothschild and took full control of the US operation. Rothschild withdrew to retain his hold over Britain and Europe.

The Financial Class is not monolithic. They have different spheres of influence. As long as they respect the boundaries, there is peace. If not, there is war.

Rats fight among themselves for survival? I don't believe it was stated in the article. There was only a mention of divide-and-rule.

pywong

12-05-2008, 06:21 PM

Here is a stripped down version of The Rat Race Part IV – The Pyramid. It is in two sections as the file is too big.

The Rat Race Part IV – The Pyramid Section 1

The Rat Race Part IV – The Pyramid Section 2

Sorry for the length. Can't figure out what to leave out.

The last series will be Part V - the Malaysian Pyramid, hopefully next week.
This is a good article that elaborates on how the Financial Class acquired their power and what the investment banks are trying to do to make money.
http://www.drschoon.com/articles%5CTheGreatDepressionOfThe2010s.pdf

If you find the prospect troubling, pay a visit to http://www.usj.com.my/bulletin/upload/showthread.php?t=22746
where some ideas are offered.

pywong

12-05-2008, 07:16 PM

These 6 podcasts by Dr Schoon can help to explain some of the ideas of the Rat Race. Excellent and very educational.

http://www.drschoon.com/media.asp

1. The Fix Is In
2. England, China & Opium
3. England, US, Debt & Taxes
4. Capitalism, Communism & Schnapps
5. US, Russia & Gold
6. The Path To The Future Is A Cliff

pywong

15-05-2008, 09:13 PM

This is an excellent article on the conspirators

..............

THE SECRET BAILOUT OF JPMORGAN:
HOW INSIDER TRADING LOOTED BEAR STEARNS AND THE AMERICAN TAXPAYER

Ellen Brown, May 13th, 2008

The mother of all insider trades was pulled off in 1815, when London financier Nathan Rothschild led British investors to believe that the Duke of Wellington had lost to Napoleon at the Battle of Waterloo. In a matter of hours, British government bond prices plummeted. Rothschild, who had advance information, then swiftly bought up the entire market in government bonds, acquiring a dominant holding in England’s debt for pennies on the pound. Over the course of the nineteenth century, N. M. Rothschild would become the biggest bank in the world, and the five brothers would come to control most of the foreign-loan business of Europe. “Let me issue and control a nation’s money,” Rothschild boasted in 1838, “and I care not who writes its laws.”

........ http://www.webofdebt.com/articles/banking-bailout.php

pywong

17-05-2008, 07:51 PM

The comments in Malaysia-today may be of interest.

http://www.malaysia-today.net/2008/content/view/7558/84/

It shows another link: http://maitreya.org/files/Plan/themap.htm
that describes a world govt. The ideas are interesting but is a bit too advanced for us. Such world govts will tend to be dominated by the Western financial elite and are not necessarily in our best interest.

For the moment, we should concentrate on fixing our own problems first.

pywong

21-05-2008, 12:04 PM

PAUL B. FARRELL

Megabubble waiting for new president in 2009

'Numbers racket' exposes potential disaster for economy, markets

By Paul B. Farrell, MarketWatch, May 20, 2008

This update of a story originally published May 19 fixes the title of Kevin Phillips book "Bad Money: Reckless Finance, Failed Politics & the Crisis of American Capitalism."

ARROYO GRANDE, Calif. (MarketWatch) -- Remember that big ah-ha moment in the 1939 classic "The Wizard of Oz?" Dorothy wants to see the Wizard. His voice booms: "Do not arouse the wrath of the Great and Powerful Oz! Come back tomorrow!" Afraid, Lion, Tin Man, Scarecrow shake. Dorothy's dog runs up, tugs on a curtain. She chases Toto, pulls curtain open:

"Who are you?" Dr. Marvel stutters: "Well, I - I - I am the Great and Powerful, Wizard of Oz." Dorothy: "You are? I don't believe you!" He replies: "No, it's true. There's no other Wizard except me." Dorothy's miffed: "Oh, you're a very bad man!" Wizard: "Oh, no, my dear. I'm a very good man. I'm just a very bad Wizard."

2009 Sequel: Script exposes diabolical cover-up conspiracy

Cast: New 'leading man' from old Nixon political machine

Scene 1: Numbers racket hiding behind Washington curtain

Scene 2: Statistics, Washington's new WMDs, a time bomb

Scene 3: Backflash, 'It's always the cover-up, stupid!'

Scene 4: Real numbers torture us ... like water-boarding!

Scene 5: Most economists hushed, work inside conspiracy

Scene 6: No integrity, they cannot be trusted to tell truth!

Scene 7: There's enough Kool-Aid for everyone to drink

Scene 8: Inflation statistics are America's new 'guillotine'

Scene 9: Washington and Wall Street delusional in 'Land of Oz'

Scene 10: Cover-up failing ... king really has no clothes

Scene 11: Millions of co-conspirators in massive cover-up

Scene 12: Rich get richer hiding under 'statistical camouflage'

Roll credits: Who was that masked man?

........... Megabubble waiting for new president in 2009 (http://www.marketwatch.com/news/story/governments-numbers-racket-about-blow/story.aspx?guid=%7bF91A0843-69B4-4C0C-92CE-B835D9907945%7d&dist=TNMostRead&print=true&dist=printTop)

pywong

23-05-2008, 10:22 AM

The key to the Financial Class's power is the power is to print money. That power requires the Rats to have confidence in the value of money. This belief can only be sustained if the price of gold does not rise too much or too rapidly, and that inflation is kept within acceptable limits.This confidence has been severely shaken recently given the spike in oil, food and commodity prices.

GATA (http://www.gata.org) has long believed that the US Federal Reserve has been disposing of their gold holdings into the market to suppress the price of gold. They have challenged the Fed to disclose their gold holdings under the Freedom of Information Act (FOIA).

To prevent the public from knowing the extent of their gold holdings, the Fed has released 900 pages of non-essential pages to GATA, with key information withheld.

GATA has written a letter to the Fed appealing the withholding of information
... http://www.gata.org/files/GATA-FedFOIAppeal.pdf

Notwithstanding that there is still no confirmation of the Fed's gold holdings, the fact that the Fed refuses to release the information is significant. It means that the Fed has something to hide. As they say, in the absence of information, rumours can turn out to be the truth.

The rumour is that the Fed have less than 4000 tonnes of gold left. That represents less than USD 120 billion worth. Considering that the USD is the world's reserve currency with trillions floating around, that is an extremely low figure.

When the American public wakes up, there will be a run on the USD and a rush for gold. This will trigger a financial crash. That will in turn be the unravelling of the Financial Class.

Morale of story: Don't be caught out holding "toilet" paper.

pywong

25-05-2008, 09:10 AM

In the Rat Race Part IV – The Pyramid, page 2 we asked “Who makes up the Ruling Class” and led to the idea of a conspiracy to control the world’s resources. At first glance, this seems a preposterous idea. Yet, with knowledge of the “right” history and the advantage of hindsight, we can get at the truth.

Here is an interesting bit of history about the Rothschild family, the Battle of Waterloo and how the Rothschild managed to control the Bank of England. It also describes how bankers encouraged governments to go to war to get them into debt and to earn the right to print money. To them, money is power.

The Money Changers, Part IX: The Battle of Waterloo, 1812, or
http://www.dollardaze.org/blog/?post_id=00311

Rothschild was famously known to have boasted:

"Let me issue and control a nation's money supply, and I care not who makes its laws." (Mayer Amschel Rothschild, Founder of Rothschild Banking Dynasty).

The next step was to control the power to print money in the US, which by the early 1900's was emerging as the leading economic power in the world.

Here are more details on the conspiracy:
America's Forgotten War Against the Central Banks, or
http://www.dollardaze.org/blog/?post_id=00255

The Financial Class's greed has led them to over-extend themselves financially. This is discussed in:

Why food prices are going up?
http://www.usj.com.my/bulletin/upload/showthread.php?t=22719

here, Financial Crisis coming,
http://www.usj.com.my/bulletin/upload/showthread.php?t=22392

and here, Financial Education: 1. What Does the Gold Price Tell Us About The USD?
http://www.usj.com.my/bulletin/upload/showthread.php?t=22746

We are at a historic moment where, at last, we have the chance to break the Financial Class's stranglehold on our money. We can do this by buying gold or silver.

pywong

26-05-2008, 03:40 PM

The Rat Race Part IV Supplement - THE BREAKING DOWN OF THE FINANCIAL SYSTEM

The banks are part of the Financial Class that has exploited the Rats for centuries. We are coming to the end of that system. It will be useful for us to understand why.

Productivity:
Today, people today are not taught to be productive, instead they are taught to consume. At the core of the issue of over consumption is the banking system. It contributes no real value to society, rather it is a parasitic system that produce ‘profits’ by putting people in debt.

It’s the beggar thy neighbor approach, coupled with the idea that the banking system is in control and we should trust them with our money, that we need to put our money in the banks for safety. Ever wondered why crime is increasing? Could it be a scheme to frighten us to put our money in the bank instead of keeping it at home?

To talk about people being hard working and prudent with their earnings seems to be a thing of the past. We are exhorted to spend, spend and spend, to buy more, eat more, watch more TV, to be anything but productive. The media panders to our ego and vanity. Society has lost its way. Our bankers seem to be hell-bent on expanding debt because the banking industry cannot settle their transactions – to close the account.

To do this honest and impartial money is required, which we do not have or are not using. Nor is it favored or promoted within the current banking system.

Why are commodity prices shooting up?
Are these the signs of decay with rising commodity prices beginning to eat into our ability to consume and repay. Are falling house prices and rising commodity prices connected?

Is there a shift taking place into productive assets, away from unproductive ones? One way to understand the concept of resources is that they are a store of energy, something that could be used to support the endeavors of productive people and not something that should be used purely for consumption.

The banking system is, essentially in the business of stealing resources from both their customers and their clients, to maintain the life style’s of the bankers themselves. Through mass propaganda, society has also been conditioned to believe that wealth can be created by the debasement of honest money, via its replacement with paper money.

Consumption is the foundation upon which the fiat banking system is built and this involves credit expansion, which requires people to service the debts, slaves to till the banker’s fields, while the bankers enjoy the fruits of these labors. This is in essence the Rat Race.

But who settles the banker’s liabilities when things go wrong? Currently the Central Bankers are bailing them out by printing money. How long can they continue to create ‘debt’ when there is no recognizable means of repayment?

The acceleration of this nefarious activity began when President Nixon closed the gold window on August 15, 1971 and has multiplied many-fold until today it is unsustainable. It’s not that the value of productive assets is going up, rather it’s the recognition that the paper currency is worth less. The Rats have lost confidence in fiat money. To protect the value of their money, they turn to commodities.

How long can the Central Bankers continue to find new Rats, ones who have some ability to take on liabilities by way of new debts, new mortgages, new credit cards and new student loans? Where is the capital required to continue this credit/debit game?

End Game
The end game is coming. How long can the Financial Class avoid the inherent issue of settlement by replacing its member’s debt with its own worthless debt? Debt which can never be redeemed? Soon we are going to find out what happens when the Rats demand that a non-redeemable currency be made redeemable. That is when governments will make use of their secret services, their police, the arm forces, the para-military forces and the Detp of Homeland Security.

By the way, you can replace the "Banking System" with the "Ruling Class" and you can come to the same conclusion. :D

pywong

26-05-2008, 09:23 PM

pywong

28-05-2008, 12:21 PM

Watch this video:

http://www.brasschecktv.com/page/317.html

The NSA uses private corporations to do their dirty work so that it is not linked to the US Government.

Mahathir was the sucker in 1997 and we paid the price for it.

pywong

29-05-2008, 12:57 PM

A very good explanation of the history of money, conspiracy theory, the formation of the banking industry and the evil of greed.

Knowledge of finance and economics is vital if we don't want to be exploited by the financial class.

We can link it to the Financial Class and the Military/Industrial Complex.

Here are a few links for background. After going through, you will have a better understanding of how the Rat Race is run.

You want an Empire, eh?
http://www.lemetropolecafe.com/kiki_table.cfm?pid=6926 (subscription required)

Financial Class - Federal Reserve
http://www.bigeye.com/griffin.htm

The Money Masters - http://www.bigeye.com/moneymasters.htm
(VERY IMPORTANT: Watch his video. You will hear about usury, which is also frowned upon by the Islamic teachings. Learn how war is used as a weapon by the bankers - DIVIDE-AND-CONQUER. Notice how US Presidents who oppose the banks are always assassinated.

Follow the links on that site to understand more.)

The Jefferson of our time http://www.lewrockwell.com/dilorenzo/dilorenzo137.html

Military/Industial Complex:
PNAC (http://www.sourcewatch.org/index.php?title=Project_for_the_New_American_Centu ry)
http://www.informationclearinghouse.info/article1665.htm
http://home.earthlink.net/~platter/neo-conservatism/pnac.html

pywong

31-05-2008, 02:52 AM

This article provides a useful explanation of the expansion of the US military. The way they are headed, the US could end up with a military takeover.

http://atimes.com/atimes/South_Asia/JE31Df04.html

pywong

07-06-2008, 08:42 PM

We have said before in the Rat Race Part IV. When the Ruling Class gets into trouble with the economy, they resort to wars to distract the Rats and postpone the day of reckoning. This article explains it much better.

Global Report The US Economic Recession An Update

http://www.321gold.com/editorials/buckler/buckler060408.html

The US Economic Recession - An Update:

The Biggest Debt Beat Of All:

Staring Into The Abyss With Wide Open Eyes:

The American Social Revolution Ahead:

Living In The Streets:

California SCREAMING:

A Financial View Of The United States From Space:

The SIX Sectorial Areas Of US Insolvency:
These are the federal budget deficit,
the US trade and current account deficit,
the now insolvent big US banks, and
the rising tide of negative equity for American homeowners.
Right in the middle of these four lesser insolvencies are the two biggest of all.
These are the combined federal and state unfunded liabilities of $US 61.7 TRILLION and
the $US 7 TRILLION in US external debt - which is climbing by $US 1 TRILLION per year.

The Policy Of The "Elite" Versus The Public:

The Political Cross-Over Point:

The FINAL Choice:

pywong

09-06-2008, 11:57 PM

It is useful to remember that the Presidential race is a form of mass entertainment, just like football to keep the Rats distracted.

http://www.gulfnews.com/opinion/columns/world/10219641.html

It takes money to win and whoever have the money is the winner, meaning the Financial Class. They are the real rulers.

Obama and McCain are merely pawns to be manipulated by the bankers and big money. See how they are pandering to the Jewish lobby.

..............

Obama, Israel and AIPAC

By URI AVNERY

After months of a tough and bitter race, a merciless struggle, Barack Obama has defeated his formidable opponent, Hillary Clinton. He has wrought a miracle: for the first time in history a black person has become a credible candidate for the presidency of the most powerful country in the world.

And what was the first thing he did after his astounding victory? He ran to the conference of the Israel lobby, AIPAC, and made a speech that broke all records for obsequiousness and fawning.

http://www.counterpunch.org/ June 9, 2008

pywong

10-06-2008, 10:20 PM

People are screaming about the price hikes in food, oil and fuel here:

Why food prices are going up? (http://www.usj.com.my/bulletin/upload/showthread.php?t=22719)

Subsidy on diesel to go first (http://www.usj.com.my/bulletin/upload/showthread.php?t=22662)

Bracing for impending petrol increase (http://www.usj.com.my/bulletin/upload/showthread.php?t=23075)

Massive anti-fuel hike rally on 12 Jul (http://www.usj.com.my/bulletin/upload/showthread.php?t=23097)

What many do not realize is that the underlying cause is excessive printing of money by the US Federal Reserve to bail out their crony banks in Wall Street. They are part of the Ruling Class described in Part IV of the Rat Race.

This article explains it quite well:
http://atimes.com/atimes/Global_Economy/JF11Dj04.html

It is easy for people to be distracted from the real causes by newspaper hype, talking heads on TV and financial news channels.

INFLATION IS A HIDDEN TAX BY THE RULING CLASS ON THE PEOPLE!. The only protection is precious metals like gold and silver. That is why Central Banks are desperately trying to suppress the price of gold and silver so that the Rats will not wake up to the dangers of holding paper currencies.

pywong

12-06-2008, 01:13 PM

Does this not look like the Pyramid and The Rat Race System?

Anwar explained: “In a closed society, lifting the veil would be taboo. Indeed, Rizal’s social diagnosis was tantamount to subversion. In his time, the closed society was identified with colonialism, but that was only a cloak that wrapped it for a time. A century since Rizal was executed, Asia has had five decades of modern nationhood. But the cloak of colonialism has been replaced by coverings of various fashions and thickness, including dictatorships…we must remove the veil hiding our shame. More than ever, we need courage of Rizalian proportions to be honest with ourselves”.

http://dinmerican.wordpress.com/2008/06/11/anwar-ibrahim-who-is-he-to-us/

pywong

18-06-2008, 12:42 PM

Two outcomes - financial Armageddon or war.

Useful to ask ourselves: What happens to the RM if the USD goes to zero? Bear in mind that on average 2/3 of our RM backing is in USD.

Why the Dollar Bubble is about to Burst
Steve Masterson – IndyMedia UK June 14, 2006

London - 24 May, 2006 - The Voice (issue 264 - 11th May) ran an article beginning, "Iran has really gone and done it now. No, they haven't sent their first nuclear sub in to the Persian Gulf. They are about to launch something much more deadly – next week the Iran Bourse will open to trade oil, not in dollars but in euros." This apparently insignificant event has consequences far greater for the US people, indeed all for us all, than is imaginable.

http://www.thetruthseeker.co.uk/article.asp?ID=4657

pywong

22-06-2008, 09:26 AM

You can read here why it is so difficult to see through the smoke and mirrors to figure out how the US Federal Reserve is suppressing the gold price. One of their tactics is secrecy. And they don't need the OSA.

We have to keep our vigilance to avoid getting caught. This is quite difficult if we are also struggling to keep up in the Rat Race. That is also another tactic of the Ruling Class - wear you down.

After seven months, the U.S. Treasury Department this week answered GATA's request for access to any records of the department involving gold swaps. While Treasury, like the Federal Reserve, is refusing to disclose any relevant records, the department's answer, like the Fed's in April, does reveal something of interest: that Treasury has at least contemplated gold swaps, as signified in documents considered exempt from disclosure as "predecisional deliberative material."

The Fed's answer confirmed that the Fed does have secrets about the U.S. gold reserve, apparently involving private businesses, possibly investment houses that have borrowed and sold U.S. government or Western central bank gold. You can find the Fed's answer here:

http://www.gata.org/files/FedResponseToGATA04-09-2008.pdf

It's not clear whether, in answering GATA, the Treasury Department is also answering for the U.S. Exchange Stabilization Fund, an agency controlled by the president and the secretary of the treasury whose main purpose is currency market intervention and which is exempted by federal law from any accountability to the public and even Congress. (Public accountability can get in the way of market manipulation.) GATA hopes to clarify with the Treasury Department whether it is also answering for the ESF.

You can find the Treasury Department's reply to GATA here:

http://www.gata.org/files/TreasuryResponse06-18-2008.pdf

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

http://gata.org/node/6385

pywong

22-06-2008, 10:20 AM

WHY MONEY POWER IS GREATER THAN MILITARY POWER.

The Bilderbergs – who are they and what do they do? An aura of mystique surrounds the name, casting shades of reflections of the power elite who supposedly rule the world. Presidents, royalty, prime ministers, global industrialists, and financial leaders from around the world are said to be members of the secret organization that meets once a year to set the direction and course of international affairs, world events, and global policies.

........ http://www.honestmoneyreport.com/archives/2007/0128.php

This article shows the 2008 Bilderberg Attendee List. Sadly, no Malaysian made the list. :D

http://www.americanfreepress.net/html/bilderberg_list_2008.html

pywong

23-06-2008, 09:54 AM

pywong

23-07-2008, 01:03 PM

Anil Netto wrote:

Beware the ‘reformers’ in sheep’s clothing

When I attended the Annual Meetings of the Boards of Governors of the World Bank and the International Monetary Fund in Singapore, one thing I quickly realised was how even language - the common everyday words we are familiar with - could be hijacked by Big Business to mask ulterior motives. Sugar-coated, benevolent words are used to disguise the mercenary goals of major transnational corporations.

Beware especially when they start talking about “reforms”. Always ask, “reforms” in whose favour: Big Business or the ordinary people? There’s a world of difference between the two.

This is an excerpt from a piece I wrote for the Herald in Malaysia last September:

http://anilnetto.com/imfworld-bank/hijacking-reforms/

pywong

24-07-2008, 06:12 AM

What this article is essentially saying is that the middle class were suckers in the stock market over the past 40 years. They made nothing!

We need the Rat Race System and the Pyramid to help us figure this out as it is carried out over such a long time frame that we don't realize it.

1. What the US is doing with Fannie Mae is exactly what UMNO is doing with our privatised deals - Make money, the private sector keep. Lose money, the govt bail out. They are desperately trying to postpone the inevitable - the financial crash will come anyhow. The other countries of the other Pyramids (read China, Russia and the Middle East) will help to push the US over with their holdings of Trillions of USD and they want a shift in the present global power equation.

2. The US is headed the way of Zimbabwe.

3. Protect yourself by buying gold!

The big news this morning is that President Bush has dropped his threat of a veto for the housing bill that will bail both Fannie Mae and Freddie Mac out, and also offer relief to homeowners that have gotten in over their heads and now run the risk of foreclosure. CNNMoney.com reports that the legislation would allow the Federal Housing Agency to insure up to “$300 billion in new 30-year fixed rate mortgages for at-risk borrowers in owner-occupied homes if their lenders agree to write-down their loan balances to 90% of the current appraised value of their homes...The cost of the FHA program – which would begin on October 1 and be in place for just a few years – would be funded by fees from Fannie and Freddie.”

And of course, since Fannie and Freddie are seriously ill-equipped to offer up those kinds of funds at the present moment, the bill would allow the Treasury broad powers that would provide the mortgage giants with liquidity and a “capital background” – basically an unlimited line of credit. It is generally understood that this will leave U.S. taxpayers with a gigantic bill to pay – in fact, yesterday the CBO estimated the cost of the “rescue” at $25 billion, and said there is a chance that it could end up costing the U.S. government $100 billion in the long term. Does the term “hemorrhaging money” mean anything to you, dear reader?

*** Zimbabwe is just a mess. Due to the nationalization of their agriculture sector and food shortages caused by hyperinflation, millions of the country’s citizens face starvation. The inflation rate in this southern African country is at an unbelievable 2.2 million percent – and economists think that this is actually understated, and that the actual inflation rate may be running between 10 million and 15 million percent. Because of this, and a major cash shortage, the Zimbabwean government has introduced a $100 billion bank note.

In the United States, points out Bill, we look at countries like Zimbabwe and shake our heads in disbelief. It seems almost like slapstick comedy to us.

As Milton Friedman once said, “If you let the government run the Sahara Desert, soon there will be a shortage of sand.” And in the U.S., we have Fannie and Freddie, who represent a huge nationalization event in the United States.

“This is a remarkable thing for the supposedly most ‘free market’ country in the world,” continues Bill. “Nationalizing their biggest industry, the mortgage industry. Johnson trying to pretty up the nation’s account, so he took Fannie and turned it into a private business.”

This added a whole new innovation to the history of nationalizations. The United States created a company where the profits were private, but the losses were to be funded by the government.

“Nationalization is a great milestone in our economic lives,” Bill said to the 1,000 attendees. “Adjusted for the price of gasoline, no one has made money in stocks for 40 years. When you adjust American wages for inflation, you’ll see that they’ve gone nowhere for the past 40 years, either. No one has been getting rich. How is this possible? you have to ask this to find out what’s going on, where it leads and what we’ll do about it.

“We take for granted that economics matter. We have only been thinking of this for the last 25 years. This idea of capitalism brought to us in the 80s was fatally flawed. People got the idea that to be rich you need a free market and free trade. But really, you don’t get rich because of those things – those are just the circumstances that allow you to get rich... if you do the right thing. If you do the wrong thing, it will allow you to go broke. You can’t get rich on consumption, as Dr. Richebächer used to say. You need capital formation. Save your money and invest it in productive enterprises.”

pywong

24-07-2008, 06:54 AM

In 1970, Malaysia and Singapore had roughly the same GDP per capita with Singapore slightly higher.

Today, as per the IMF, per capita GDP in USD is:

Malaysia: USD 6,948
Singapore: USD 35,163
http://en.wikipedia.org/wiki/List_of_countries_by_GDP_(nominal)_per_capita

Over a long enough period of time, outcome of economic performance arising from different govt policies, will stand out.

What the above numbers mean is that Singapore's meritocracy has performed better than UMNO's NEP. It also mean that the poorest Singaporean is better off than even the average Malaysian. This tells us that the UMNO Pyramid is a flawed model and has failed.

pywong

24-07-2008, 03:20 PM

Goldman Sachs was founded by German immigrant Marcus Goldman who began discounting IOUs among the diamond merchants of New York in the 1870s. Since then, it has grown into one of Wall Streets’ most powerful investment bank, with its alumni in positions of power or influence all over the world. The extent of their tentacles are shown below:

USA
Campaign Donors
Goldman Sachs employees have given more money to Barack Obama's campaign for president than workers of any other US employer. Over the past few years, people from Goldman Sachs have assumed control over large parts of the federal government.

US Treasury Secretary
Hank Paulson left his $38m-a-year job as Goldman Sachs chief executive in 2006 to join President George Bush as Treasury Secretary, one of the most powerful financial positions in the world. In the current US Financial crisis, he is accumulating through Congress more power for himself and the US Federal Reserve to control the US financial markets.

Ex-US Treasury Secretary (under Bill Clinton)
Robert Rubin could once again emerge as a powerful figure in Washington if Barack Obama wins the presidency. He reached the second-highest rung at Goldman, becoming co-chief operating officer before joining the US government in 1993.

Federal Government Advisor
Ken Wilson was senior banker to finance industry clients in GS and appointed to troubleshoot the problems in the credit markets. recapitalise and reorganise some of America's listing banks. At the Treasury he will advise on what the federal government must to do help the process.

New York Stock Exchange Chairman
Hank Paulson, the Goldman boss on the NYSE board, moved to oust the chairman, Dick Grasso, and recommended the then chief operating officer of Goldman, John Thain, as Mr Grasso's replacement. Mr Thain modernised the exchange as demanded by Goldman and Mr Thain's old Goldman deputy, Duncan Niederauer, is then put in charge.

New Jersey Governor
Jon Corzine, the former co-chief executive of Goldman, went into full-time politics in 1999. He has been governor of New Jersey since 2006, having spent the previous six years in the US Senate.

US Chief of Staff
Joshua Bolten, for five years until 1999 served as director of legal affairs for Goldman based in London, effectively making him the bank's chief lobbyist to the EU. The Republican lawyer aided George Bush's 2000 election campaign, helped co-ordinate policy in the White House and has been the President's chief of staff since 2006.

There are three other Goldman Sachs old boys in major positions of influence in the White House

News Media CNBC Show “Mad Money” Host
Jim Cramer, the former Goldman trader is the most influential stock pundit in the US. Hectoring and shouting his investment advice nightly on his CNBC show, Mad Money, he routinely moves share prices. He was a YouTube sensation last year, as the central bank refused to lower interest rates to ease the pain of the credit crisis on Wall Street.

Global Ambassador for Goldman
Robert Zoellick, the neo-conservative Republican, was provided a lucrative home by Goldman, between the time he quit as Condoleezza Rice's deputy at the State Department in 2006 and his appointment as head of the World Bank. At Goldman he had acted as head of international affairs, a kind of global ambassador and networker-in-chief.

AUSTRALIA
Treasurer for the Liberal Party
Malcolm Turnbull is one of the fastest-rising politicians in Australia. He was the aggressive advocate who took on and beat the British Government in the Spycatcher trial of the former MI5 agent Peter Walker, but he then pursued a career in business and ran Goldman Australia from 1997 to 2001, before jumping in to politics to serve as environment minister under John Howard.

CHINA
Tsinghua University in Beijing
John Thornton is professor and director of global leadership at Tsinghua University. The former Goldman Sachs co-chief operating officer, John Thornton has become a highly-influential figure in the developing business and poltical inter-relations between the US and China. He was Goldman's boss in Asia in the mid-Nineties and remains well connected in the East and the West.

ITALY
Head of the Italian central bank
Mario Draghi joined Goldman as a partner in 2002. He had been an academic economist, an executive at the World Bank and a director-general of the Italian treasury before. He is becoming a significant figure in the response to the credit crisis, chairing the financial stability forum of central banks, finance ministries and regulators.

UK
Head of London's planning for 2012 Olympic Games
Paul Deighton amassed a fortune estimated at over £100m during his two decades at Goldman Sachs, where he had been one of its most powerful investment bankers.

Ex-chairman of the BBC
Gavyn Davies spent 15 years as an economist at Goldman. He has the ear of Gordon Brown, to whom he has been a good friend and informal adviser. He is married to the Prime Minister's aide Sue Nye. He was commissioned to report on the future funding of the BBC by Mr Brown in 1999. Two years later, he was poached to chair it.

pywong

25-07-2008, 11:52 AM

Here are two articles that explain how it works nowadays. Since this is in real time, it is probably easier to follow.

http://www.gata.org/node/6242
GATA Goes to Washington -- Anybody Seen Our Gold?

http://news.goldseek.com/GoldenJackass/1216926713.php
Gold Ambush Tactics & Potpourri

Confused, huh? Just stick to gold. It is simpler.

pywong

03-08-2008, 01:16 PM

The Conspiracy of the Financial Cartel is coming to an end. This is a long article but many useful lessons for those who have the patience to read carefully.

1. Inflation due to our holding of the USD is 12% per annum. Bank Negara's figure of 7% is under-stated.
2. There will be a major financial event this month.
3. Get out of cash and park it in gold if you are not sure of what to do.
4. The USD may be devalued to zero and replaced by the Amero
5. Bank Negara and Badawi is sleeping. If we are still holding USD, our RM will crash alongside the USD. Indications are we may be holding as much as 60% of our reserves in USD.
6. We may be headed for a long period of stagflation triggered by the US's economic problem.
7. Those who are thinking of buying a house should ask themselves:
Can they afford to pay for the house if they are working now and they lose their jobs one year down the road? It is safer to be very conservative now and prepare for hard times.

pywong

09-08-2008, 12:18 PM

We wrote about how inflation is used by Central Banks to reduce the workers wages. This is not accidental and is part of Keynes’ General Theory of Employment, Interest and Money.

Remember. When you see inflation, it is the government robbing you.

If it is any consolation, the Rats all over the world are similarly exploited. The Ruling Classes are the same all over, driven by greed for power and money. It is only that ours is a cruder and more virulent strain.

HOMAGE TO JACQUES RUEFF
by Bill Bonner

Our dollar-based financial system is like a loaded pistol...

Today, we take a summer rest and let a dead man do the talking. Jacques Rueff died 30 years ago. But in a couple of articles written for Le Monde in February 1976, this economic advisor to Charles de Gaulle, explained today’s monetary system and what was likely to become of it. His articles were unusual, in several respects. It is rare for an economist to have any idea what is going on – especially a French one. And on the subject of economics, Le Monde has things worth reading about as often as Leap Years.

To fully appreciate Rueff’s insight – and how it applies to the macro-economic circus circa 2008 – you have to begin by understanding the problem of unemployment. In the world of the ‘30s, the triumph of capitalism was no sure thing. Communism, for all its faults, at least put people to work. Capitalism often left them ‘sittin’ on the dock of the bay.’ And here we have our first measure of how far we have come since the ‘70s; the average post-Mitterand Frenchman now believes that there are worse things than not working. Such as working, for example. Today, he is eager to pass laws to prevent it.

The real cause of joblessness is obvious, even to an economist. People don’t have jobs when it costs more to employ them than employers can get out of them. And in an economic downturn, the unemployment rate goes up. Because, in a slump, prices for ‘things’ fall quickly. But labor rates tend to be sticky. Workers have contracts. And rights! Employers’ profit margins are soon squeezed between slippery revenue...and stubborn costs for labor. Result: output falls and fewer workers can earn their keep.

In a free market, wages eventually ease their way down to levels that allow capitalists to exploit workers again. Always have. But for some reason, in Britain in the 1920s, this didn’t happen. Rueff identified the culprit even before Milton Friedman did:

“Since 1911, there existed in England a system of unemployment insurance that gave an indemnity to jobless workers, known as the “dole.” The consequence of this regime was to establish a minimum salary level, at which workers would prefer to ask for the dole rather than work for less. It appears that in the beginning of 1923 salaries, which had been declining with other prices in England, suddenly hit this new minimum. There, they stopped falling, and since then, they practically ceased to move.”

That’s why France runs such high unemployment rates today; its dole is bountiful. When you add up the costs of “charges sociales,” paperwork, and the minimum wage, more than one in ten potential workers is not worth the money. But no right thinking politician is about to suggest the obvious solution: get rid of the dole. So, Keynes came up with a subterfuge. The central bank should cause price inflation during a slump, he proposed. Rising prices for ‘things’ meant that salaries – in real terms – would go down. That was the greasy scam behind Keynes’ General Theory of Employment, Interest and Money: inflation robbed the working class of their wages without them realizing it. The poor schmucks even thank the politicians for picking their pockets: “salary cuts without tears,” Rueff called them.

“Full employment” was soon no longer a wish, but an obligation.
In France, the Constitution of 1946 obliged the government to present year an annual economic plan that achieves the goal of full employment. In the same year, Harry Truman pushed an Employment Act through the US Congress. And today the central bank of the USA has a “dual mission” – to preserve the value of the dollar while assuring full employment.

“No religion spread as fast as the belief in full employment,” wrote Rueff. “...and in this roundabout way, allowed governments that had exhausted their tax and borrowing resources to ressort to the phony delights of monetary inflation. »

This is where the post-’71, dollar-based monetary system comes in. It allowed the US to issue dollars – and never have to redeem them in gold. At first, the inflation caused by the build up of dollars was moderate and agreeable, said Rueff. It reduced the cost of labor. Then, when the tether with gold was hacked off in the early ‘70s, inflation began “galloping away.” Readers may remember that inflation got the bit between its teeth in the ‘70s, racing along at a record speed of 14.8% in the US in March, 1980, and even faster in Britain. The US government was forced to borrow at 15% yields. Britain could barely borrow at all.

Rueff died in 1978. Had he lived, he probably would have been as surprised as we have been by the stamina of the monetary horses. Except for a brief rest while Paul Volcker was managing the stables, they have run from bubble to bubble...delivering more liquidity wherever it would do the most damage. All the while, inflation continued to cut the price of labor. Between ’74 and ’84, real wages fell as much as 30%. Then, more moderate levels of inflation held them down for the next 24 years.

But Rueff’s insight comes with a warning. The faith-based, dollar-dependent monetary system is like a loaded pistol in front of a depressed man. It is too easy for the US to end its financial troubles, Rueff pointed out, just by printing more dollars. Eventually, this “exorbitant privilege” will be “suicidal” for the western economies, he predicted.

Paul Volcker put the pistol in the drawer. Ben Bernanke has found it. And Jacques .Rueff must look on in amusement to see what happens next.

Enjoy your weekend,

Bill Bonner
The Daily Reckoning

pywong

29-08-2008, 01:04 PM

We wrote about how printed money issued by the Central Bankers as debt, is used to make us work for them. In practical terms, we are slaves to the Bankers but because the System is so pervasive and the psychological warfare inflicted on us is so well carried out that we do not realize the trap of the Rat Race System.

Here is an excellent article that help explain the history of money and how it is used to exploit us. It will be worth your time to study this article carefully because you can use the knowledge to extrapolate into how the Malaysian Rat Race System works.

Happy reading.