"These blogposts are a reflection of my personal journey to understanding how developing this financial education can improve the lives of my family and those whom I work with".
Raymond E. Lee
Raymond E. Lee
Scare, Coerse, Restrict, Escalate, Wait, Elect, Deploy.
Did you know they use a spoon to cut the steak at La Brigada in Buenos Aires? This is to prove just how tender the meat is. Generally though we are happy if we can get our fork into our steaks, so maybe this is a good analogy for how blindly we are following the events that are being served to us.
Yep, so as far as I can see, we are screwed. Donald Trump may well be the United States of America's last President, either way, North Americans are left with the option of the pitchfork or the Devil.
The elites, or financially aware are already well hedged away from the USD and the Brits from the Euro, the difference being that it was easier for England to extricate itself from the dense mess that is the economic situ in Europe, this isn't so easy for the 50 states inside America. I see a lot of badly behaved people about to storm the pitch, and sadly they're all going to be naked.
What happened on 28th May? I have no idea, perhaps that is when they pushed the button. What I sense is that like an atomic blast, the initial impact destroys all, then, as the waves spread outwards things get progressively worse for those in the wake. Those in the know, outside the blast radius, versus everyone else.
In times of economic stress—particularly if they verge on a national election— the fancy of thoughtful tycoons and ambitious politicians alike gravely turns to philosophizing about the relationship of Government to Big Business. One school of thought leans toward the old individualistic, laissez-faire policy, does not believe that Government and business should even be kissing cousins. The other, paternal, faintly socialistic, feels that the Government and industry should at least take up with one another, if not actually marry.
Excerpt taken from: INDUSTRY: Swope PlanMonday, Sept. 28, 1931 - Time Magazine
Interesting that post depression, both the Presidential contenders presented to the beaten working classes were ex Wall Street bankers, the eventual winner, FDR beat Hoover solely because of his alliance to and with support from General Electric's Gerad Swope. His plan to salve the working class by presenting them the promise of a retirement income via FDR's implementation of the Social Security System was to mark the beginning of the US's industrial rise. Interesting too, that FDR based his campaign on slamming the abnkers and industrial leaders to which he himself rose from...
FDR blast in the depths of the Great Depression at Hoover's public support for business and individualism, uttered in the campaign address in Columbus, Ohio, August 20, 1932:Appraising the situation in the bitter dawn of a cold morning after, what do we find? We find two thirds of American industry concentrated in a few hundred corporations and actually managed by not more than five human individuals.
We find more than half of the savings of the country invested in corporate stocks and bonds, and made the sport of the American stock market.
We find fewer than three dozen private banking houses, and stock selling adjuncts of commercial banks, directing the flow of American capital.
In other words, we find concentrated economic power in a few hands, the precise opposite of the individualism of which the President speaks.
At the end of it all, what will we see? I imagine much like the blast above, or a tsunami, not much. SInce last November here in Argentina we have had a devaluation of currency 43%, personally, our rent increased 80%, power- 400%, gas 700-1500%,I think across the board the figure is, well, high. Seeing anypatterns yet?
THE GREAT DEPRESSION BEGINS: THE STOCK MARKET CRASH OF 1929
The American economy entered an ordinary recession during the summer of 1929, as consumer spending dropped and unsold goods began to pile up, slowing production. At the same time, stock prices continued to rise, and by the fall of that year had reached levels that could not be justified by anticipated future earnings. On October 24, 1929, the stock market bubble finally burst, as investors began dumping shares en masse. A record 12.9 million shares were traded that day, known as “Black Thursday.” Five days later, on “Black Tuesday” some 16 million shares were traded after another wave of panic swept Wall Street. Millions of shares ended up worthless, and those investors who had bought stocks “on margin” (with borrowed money) were wiped out completely.
As consumer confidence vanished in the wake of the stock market crash, the downturn in spending and investment led factories and other businesses to slow down production and construction and begin firing their workers. For those who were lucky enough to remain employed, wages fell and buying power decreased. Many Americans forced to buy on credit fell into debt, and the number of foreclosures and repossessions climbed steadily. The adherence to the gold standard, which joined countries around the world in a fixed currency exchange, helped spread the Depression from the United States throughout the world, especially in Europe.
So what is the goal? Move us forward progressively into the ranks of these industrial and banking elites, like the Lehmans, JP Morgans, Rothschilds etc etc etc? South America has always been the bread basket filled to brimming for exploitation for those that are well enough connected, or those that are willing to learn how to SCREW.
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