Fooled
by the Numbers The
Origin of the Income Tax Complacency
and the Rain Dance for Money EDITOR'S
COMMENTS These three essays appear to be unrelated on the surface, but alas, Poor Yorick, there be a different rub... if but the eyes remain open, and thy fix unglazed. There is more than meets the eye in the Reality of Realty... From Fooled by the Numbers by Brazilian Author Mueller we have: [Editor's Red Highlights] "Currently, for example, the depreciating value of the dollar is already visible in oil, real estate, precious metals, domestic services, health care, tuition or even when calculated against other fiat monies such as the Euro. In this perspective, there is inflation taking place and it has been taking place for quite some time at a remarkable pace. However, when counting in a considerable portion of computer storage capacity and imported gadgets, the picture changes and the perspective of a deflationary trend could be diagnosed by that yardstick. The great cheat of the stabilizers consists in spreading the illusion that a stable or a moderately increasing price index would imply economic stability and would have no effect on the capital structure. Neither do monetary policy measures publicized under the heading of stabilization imply a constancy of purchasing power. Such measures rather mean that old distortions are covered up while new ones are being created." A depreciating dollar in global markets related to other currencies means the printing press, inflation of the currency, and rising prices in real estate [we call this the depreciation rate in the monetary system, because the purchasing power is going downhill faster than the value of the Mustang Ranch after the IRS took it over and tried to run the operation -- guess when it comes to the real thing, like Coke, the Fed Boys are not so good at it?]. The inflation taking place is in your real estate, Pal! And, I may add -- at a remarkable pace! The author explains the hedonic measurement the BLS and the FED Boys use to tell you your kitty litter is actually cheaper now, although it costs more, because of all the fragrances they put in it, and if you are a cat person with no nose for how kitty kats really spray around, you will be glad you paid the difference. Nothing in the world since 100,000,000+ years before Jesus Christ has been stable. Why would I be believe the FED or any Harvard/Yale Fed Trained economist who wants to talk to me about real estate or money issues. The Author is an Adjunct Scholar at the Mises Institute down in Auburn, Alabama.... and if Jane and Joe Six-Pack want to split a Six-Pack they might learn a few elements of Austrian Economics to boot. This is a worthwhile essay, easy to read, but if one cannot spell "kitty kat" and "dog," one will probably be lost. There's a lot of other good commentary in the essay on stuff that's right up my alleykat, but you Wizards can read it. Give me an American Eagle, or Give Me a Federal Reserve Note... and I should prefer the Gold Eagle! Moving on, Author Young in The Origins of the Income Tax.... has penned a micro-gem essay for Jane and Joe -- if they would only take the time to read it between soccer games and PTA meetings. Nope, I am not going to quote from it. Read it! In our last 4R's from 9/15/04 we gave our readers links to Mr. Bill Benson and The Law That Never Was at the end of the Commentary. Perhaps you, Dear Reader, would like to check out the Frosting on your Krispy Kremes? See: Frosting the Glazed Donuts? from Let's All Go to the Dairy Queen! Simply put, the Federal Income Tax was a hand in glove smoke and mirror to pay the debt on the new 1913 fraudulent Federal Re$erve debt backed funnie monie system. Benson wrote two volumes on how this 16th Amendment wudn't ever ratified properly, and the Federal Court System, says Benson is still a Squirrel, even though he's out of jail now, and dudn't pay any income tax. We will get into the violation of the 5th Amendment later when you sign your 1040 in April. We might even teach you later about Mr. Louis T. McFadden. This is a setup essay for further development on how the IRS and the Income Tax Fraud uses real estate as a mechanism for increased debt under that foundation, playing by the FED's rules. My setup for a later Sting, my favorite movie [Sting is also a great rock singer!]. Overall the Author's essay is an easy read on economic history in the USA, and touches the high points from the view of a Canadian writer. It is nicely written as a Smoothie for Jane and Joe, and has some nice footnote links to boot. It's a sweet generalized economic history essay. Author Richard Benson in Complacency and the Rain Dance for Money....has an opening paragraph that is absolutely priceless: [Editor's Red Highlights] "One has to appreciate, in theory and in practice, Alan Greenspan’s genius, at least in the Machiavellian sense, and how it has been used in the financial markets to drive the real economy. Indeed, many notable economists, financial market participants and the press, are now acknowledging how the Fed has used asset bubbles in stocks, bonds, and housing to facilitate the continued household spending of borrowed money. This has created a false sense of wealth and has kept the economy rolling with no savings." This is the first simile or comparison of Chairman Greenspan at the Federal Re$erve with Machiavelli that we have subsequently come across in the our global markets studies on real estate.... ehhhhh... except for this little micro-gem we stumbled across from January 2003:
Some of the Author's great links are now broken, but the text still works for me. Author Benson's opening paragraph is short, sweet, direct, and to the point. Real Estate has been one vehicle the FED Boys and their Bastard [bloated, false, spurious] Step-Children GSEs [operating as a second central bank with a printing press] have managed to create a somewhat RMS Titanic asset bubble in realty prices in commercial and residential venues. Greenspam is so good at it, since he was around to orchestrate the S&L Bailout after the market crash on Wall Street in 1987, that FIRREA 1989, that great Centralization of the Realty Valuation Professional Fraud, was part of the mechanism the banking cartel got implemented to keep JPChase, CitiBank, Washington Mutual, Bank of America, Countrywide, and Wachovia rolling in the Pillsbury Doughboy [Let's not forget Goldman Sachs, the Bank of New York, and a few other partners in crime!] Real estate is a big part of the Global Lender Monopoly Game, however, these Big Boys in Blitzkrieg Financial Warfare play derivatives, rig the bullion markets, and do other nasty non-safe financial sex with our money, our lives, and our property, as well as the debt obligation [bundled loans as mortgage backed securities] all of you nice folks owe to the fractional reserve central banking cartel. Feel safe in your home? Great! Feel safe in your realty as an investment that will always appreciate in value [depreciation of the currency]? This essay by Author Benson is a great read, very easy to understand, encompasses economics and political systems, and is a fun read. The Author's style is also... a Smoothie! Anyone can read it and understand it if one can spell "kittykat" and "NASDOG".... but not recommended while driving a Dallas Fed McTeer SUV.... or flying one of Fed Boss Bernanke's jet helicopters with a printing press on board! That could make for a Crash and Burn, Pal!
Welcome to the Royal Mail Ship Titanic... Where would you like your deck chair? Ole Bear Editor © 2004 Realty Reality |
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