OMG! Another Book Burning Planned....

[TM7]

Well,,,here we go again. Still another horrid book burning planned. This time to rock the world beyond believe.

fyi....TM7


9 September 2010

The central banking and political world are up in arms about a planned John Maynard Keynes book burning.

The burning was announced by Jeff Berwick, Chief Editor of The Dollar Vigilante, to take place on December 23, the anniversary of the Federal Reserve Act of 1913.

Top central bankers in the United States warned that flimsy economic theories would be in danger if the burning of a copy of John Maynard Keynes, The General Theory of Employment, Interest & Money went ahead.

"What is most dangerous," stated one central banker, "is if this causes people to even logically think for more than a few moments about economics then this entire structure we've built could begin to collapse.  We've done a great job for a long time telling the average man on the street that economics is too difficult to understand."

US diplomats and members of the Goldman Sachs’ run Department of Treasury called the plan, “disrespectful and dangerous”.

But organizer, Jeff Berwick, Chief Editor of The Dollar Vigilante said: “We must send a clear message to the radical element of Keynesians," he continued, "Which, basically means, all Keynesians.”

The controversy comes at a time when Federal Reserve and US Treasury officials have bankrupted the country by blindly following Keynesian economics.

“In addition to being offensive, the Keynes protest puts at risk those brave Americans who are fighting abroad for the freedoms and values that we believe in as Americans,” said one US Senator.  “Those values being that the government creates a central bank who manipulates the price of money and uses inflation as a hidden tax."

Riots and demonstrations have erupted in numerous locations where central bankers and politicos gather including Jackson Hole, Wyoming where one central banker was quoted as saying, "This is an attack on our religion and we will not stand for it!"

Asked if they had plans of their own to burn F.A. Hayek's The Road to Serfdom and Ludwig Von Mises The Theory of Money and Credit most central bankers acted confused and did not seem familiar with the books.

A high ranking US diplomat who wished to remain anonymous stated, "This could very well bring an end to the American way of life.  If the burning of Keyne's book goes forward it very quickly could bring into question all of our basic values including the right for the government to print as much money as is needed to enter into as many wars as is necessary to keep the military industrial complex happy."

Despite all the pleas for a stop to the burning, Jeff Berwick remained adamant that he is going to go through with the burning, stating, "I think I'll burn a copy of the New York Times which contains any article by Paul Krugman too."

Jeff Berwick
Chief Editor
The Dollar Vigilante

[nw_hunter]

Good grief Charlie Brown! We are doomed

[powderman]

YAAAAAWWWWWWWNNNN. POWDERMAN. 

[Casull]

ROFLMAO.  TM, where do you find this stuff.  Central bankers and Senators actually being quoted as saying what's posted above.  Funny thing is no names are listed.  And, you believe this crap?  Funny.

[powderman]

CASULL. YEP, sounds like a real conspiracy thread, maybe it'll get moved to tms house, truth lies and conspiracy forum,  where it will get all the attention it deserves. POWDERMAN. 

[powderman]

tm. A joke. Now I understand, I believe there is probably a humor section here somewhere, you simply put it in the wrong place. POWDERMAN. 

[Casull]

(ROFLMAO).....OMG!......You got to lighten up a bit,,,your dour pessimistic ways are getting the better of you. I can see Powdermanbillie not getting this because they're  sleeping dual loyaltist. But take this for what it is......A JOKE.      Geeeeezzz,,,calling NW_hunter....come help Mr. Casull come up a bit, (the air is fine) and understand this is  tongue-in-cheek, but also acerbically accurate......meanwhile go to dictionary.com and look up 'parody'.

have some fun today.......TM7

Ohhh, I get it.  Jokes on me.  But, with alot of the stuff you post, who's to know.   

[ironglow]

  Don't bother burniong it...let it fester by itself. That way, once in a while a really intelligent person may read Keynes' theories ...and at least have a good laugh.
  Let's hope they get to read it before BHO"s employment of Keynes' theories destroys our country.

[billy_56081]

Casull ya have to remember old TM is working on his comedy routine. He wants to be in fine form for the BBQ.

So old TM who were these senators quoted above? Senator Bigfoot and Congresman Chupacabra? Dude you never fail to come up with knee slappers.

[SM Bob]

Casull ya have to remember old TM is working on his comedy routine. He wants to be in fine form for the BBQ.

So old TM who were these senators quoted above? Senator Bigfoot and Congresman Chupacabra? Dude you never fail to come up with knee slappers.

I don't care what you say. Now that's funny there!!!!!!!!!!!!!!
TM once again you have out done yourself! Keep up the good work!
Hey Billy. The TM is going to be off the hook at the BBQ! I can't wait!
                                  Robert

[billy_56081]

Kinda funny how if you don't agree with old TM's antisemetic veiw, he considers you a troll.

Come on old TM you can come up with funnier things than that.

[Casull]

Casull...way to go...I knew you'd get it when you let yourself get it....

Thanks, TM.  But, since most of your stuff is about as far out as this thread, could you let us know when your joking and when your, er, serious.

[powderman]

Casull...way to go...I knew you'd get it when you let yourself get it....

Thanks, TM.  But, since most of your stuff is about as far out as this thread, could you let us know when your joking and when your, er, serious.

CASULL. The craziest part is that he's funnier and more comical when he's serious than when he's joking. POWDERMAN. 

[ironglow]

TROLL ALERT...EVERYBODY KEEP BACK

SMBOBBILLIE...still trolling even with some light side humor...must be a boring life....

Casull...way to go...I knew you'd get it when you let yourself get it....


IG...yep, BHO and the last 7 prez's that preceeded him....it's a religion that Keynesian unfathomable stuff, ya know..

And remember what they say, "Fiat currency will eventually attain it's true value.".....


..TM7

  Sorry TM;
  You couldn't be more wrong. Most conservative presidents stay strictly away from Keynesian economics, since Keynes'  ideas required government intervention in a large way. That is contrary to the free enterprise model. Clinton was a Keynesian, GW Bush dabbled in it, while Obama has gone 'whole hog' for it..whenever he turns away from Karl Marx. WEhile Reagan endorsed "trickle down" economics, Obama pushes "bottom up" economics  Here's a bit of wisdom for the Kenyan kid..I never once got a job from a poor or homeless man.
  When Reagan ran to replace Carter his simple questiuon was, "Are you better off now, than four years ago"?  Four years later, after reviving the stagnating economy by tossing Keynes out, he was able again to ask, "Are you better off now than four years ago"?  
   He got an enthusiastic, affirmative reply...
   Our economy under Reagan was so strong, we were able to threaten to break the Soviet Union by out building their defense by a huge margin..so Gorbachev cried "uncle'..and the iron curtain came crashing down, that was caled "Reaganomics"..  Now with Obamanomics, or is it Abomin-omics..we are swo in debt that we are in danger of having Russia or China do the same to us !

  Here's how a REAL president performs:  http://www.reagansheritage.org/reagan/html/reagan_panel_edwards.shtml

[BBF]

TROLL ALERT...EVERYBODY KEEP BACK

............................ "Fiat currency will eventually attain it's true value.".....


..TM7

Probably less then the value of paper it was printed on  as it will cost more to recycle it then plain paper.  IMO of course

[ironglow]

   The difference between Reaganomics and Abomin-omics is that with Reagan's tax cuts there would be growth in the industrial & manufacturing (non-government) sectors, which will be paying much more real dollars in taxes, even though at a reduced rate. Abomi-nomics says, "raise the tax rates and grow the government". If the rates are raised growth slows and much goes offshore, while government grows.
government pays no taxes..(duh)..it just absorbs greater amounts of the tax revenues...while producing NO product. A total expense!
    During the Clinton administration, Clinton fought for and got "Most Favored Trading Nation" status for his pals in China..the rest is history..painful history. Except for the Clintons..who were gifted by the Chinese with millions of dollars"for his library"..yeah, right !
   If others had followed through with Reagan's programs, we would be a bigger super-power than ever..with accompanying industry, manufacturing and plenty of jobs...too bad others did not have near the foresight possessed by "Ronaldus Magnus".

  BTW:   Some economists say, "fiat currency" will eventually attain it's true value". What they are not telling you is that it will ATTAIN IT'S VALUE only after all our savings, pensions, real property and any other holdings have LOST THEIR VALUE..thus "levelling the field".
         
          Just what the doctor ordered.....for a confirmed Marxist administration...

[Winter Hawk]

TM,

I greatly enjoyed the original post; subtle humor for sure. 

AS far as John Maynard Keynes goes, I don't understand all of the "we need more credit to get folks borrowing to build up the economy" stuff.  I remember when Brazil was unable to pay all of its debts by what, $30 million? And everyone was aghast that a country's government could be so fiscally irresponsible.  Now we are the world's biggest debtor nation, owing it all to one of our enemies.  Who is irresponsible now?

One of my supervisors, many years ago, wondered how, if we don't pay our bills or balance our budgets, we get in BIG trouble, but the leaders of our country don't see that the country could get in big trouble if THEY don't balance the budget.  Over the years I have come to wonder that myself.  I need to make sure that I put enough in the checking account to cover the checks I write, yet Congress doesn't seem to have to do that.  It's a topsy-turvey world, for sure!

-Winter Hawk-

Oh, a cousin sent me an article that the conservatives in the Netherlands have a plan to get that country totally out of debt in 15 years.  The Dutch were the first (and possibly the only) country to pay back the Marshall Plan loans from the U.S. - Go Nederland!

[Casull]

Interesting to note that Sharia banking forbids usury and interest charges; which I contend is one of the 'real' rubs against the islamics.

Sharia banking is the epitome of hypocrasy.  It disquises any number of ways of paying for the borrowing of money, without calling it "interest". 

[billy_56081]

Interesting to note that Sharia banking forbids usury and interest charges; which I contend is one of the 'real' rubs against the islamics.

Sharia banking is the epitome of hypocrasy.  It disquises any number of ways of paying for the borrowing of money, without calling it "interest". 

Well Casull, ya just have to look where it came from, our resident hate Jews Christians, Americans, love the muslims feller. THe only one who aint caught on to hias schtick is himself. 

[ironglow]

Interesting to note that Sharia banking forbids usury and interest charges; which I contend is one of the 'real' rubs against the islamics.

Sharia banking is the epitome of hypocrasy.  It disquises any number of ways of paying for the borrowing of money, without calling it "interest". 

  You're correct Casull..they collect interest with out admitting they collect interest..rather standard Islamic double-speak. It is the same way they blow up schools, pizza parlors and wedding celebrations...and somehow convince themselves that such acts are not ..cold blooded murder..

[Casull]

The chief one is called "murabaha".  Under this facade, the bank doesn't lend money to purchase stock, but rather purchases the stock for it's "borrower" and then sells it back to him at a later date for an increased price, ostensibly for the risk and cost of holding the assets for a period of time.  However, the usual practice is for the bank to hold the asset for about as long as it takes to sign the paperwork, immediately transferring it back to the borrower.  The borrower then repays it later at the inflated price.  All done to allow the lending of money at a cost, whether you call it "interest" or anything else.  The banks also use equity sharing arrangements to accomplish the same thing, but since this carries risk for the bank, very little is done this way and most is by murabaha.  Now, tm, did you really think that banking could be carried on without "interest" or other charges that in essence are the same thing?  Because, if so, I'd be happy to take your money for deposit and return it to you later without paying any of that evil interest.