A New Keynes' Law

Only the fastest devaluation is going to win

jwr47
3rd of Mai 2014 - Loosing friends and loosening friendship
Coming of age used to make me sad, but the return of happiness in loosening friendships makes me
grow younger and younger every day.
In the early sixties, as I felt belonging to Dylans darling young ones I made friends like others were
collecting post-stamps. I didnt really select them, I almost unfiltered collecting anything on a
global scale, collecting the whole world!. "hat#s how I was living my early life $ the random, non-
selective way, I guess I would be naming my behavior those days.
%ad experience taught me to be more careful in selecting friends. &hen I was young I learned to
stop smoking and drinking too much, but some of my friends didnt.
'specially a banker friend turned out to be dangerous. (e drank, ruined most of my investments and
had a bad character as well. I understood the selecting had to be learned the hard way. )ome had to
be abolished for their bad, infectious character.
In a certain sense I still had to learn how to collect friends by selecting. It is true, that selecting good
friends will make us lonesome..., but the *uality increased and those friends and friendship became
more intense.
"his more or less had to be learned on many a field. )ame thing seemed to be happening in the
monetary field. "he +,,- crash didnt heal and I reali.ed I had to get rid of some monetary friends
as well. /one of the fiat currencies I had trusted could be considered as sustainable.
I had to get rid of these friends as well and replace them by a more selective *uality.
I understood 0ractional 1eserve %anking is obsolete as well
2
. 3ot to bet rid of this one too.
'conomy from the beginning started as a cargo cult. 4nscientifically designed to test freely
adaptable principles in an ever-changing environment. I remembered as kids we were playing card
games in which each of us were using a private set of rules, which were to be adapted at lib. "he
game often ended in furious battles. "his is an unscientific approach we never left in economics.
'ven the )tone 5ge used better principles than we are using today. &e are going to experience a
pupation.
The French Revolution
5 collapse is going to transform society
+
. In the field of history and economics all books will have
to be rewritten. 5nd shortly after revolution the nobility class had to work for their income as well
6nly a few items in my personal belongings reminds me of the revolutionary phase. /apoleon
standardi.ed weights and the oldest calibration markers for my instruments is 5 for the year 27+,, %
for 27+2, 8c. "hese standardi.ations had been initiated +,, years ago. In 4nfortunately %ill (olter
also claims +,, years intervals between revolutions. )ome temporary disruptions such as world war
II 92:;:-2:<=> may be seen as smaller incidents between revolutions, although their impact may
have been deadly enough for a great number of people...
2 ?rominent 'conomists Call for 'nd to 0ractional 1eserve %anking
+ 4nfortunately $ %ill (olter
"Mene, Mene, Tekel, !harsin"
&hoever believes in fiat money already may have put his head under the guillotine.
In fact @I1? with its ,A interest rate and suppression of precious metal pri.es already belongs to
the Bene, Bene-writings on the wall. "he 4krainian war marks the second phase. )ome believe in
writings on the wall, others don#t and still believe what the mainstream media are spreading. "hey
belong to the beloved disciples, who are bound to enter paradise. Boney printing is not going to
save us. It is merely postponing resurrections.
The "ainstrea" "e#ia
In the earlier days some Cournalist had the guts to reveal corruption such as the &atergate scandal.
"his is long ago and anti*uated Cournalism. 5ll media have been streamlined and remodeled to fit
to the modern re*uirements of manipulative forces. 6nly a few like @erohedge still reveal
corruptions and frauds.
The #estruction o$ !a!er values
In a big collapse all paper-categories will be destroyed or made useless. ?aper not only includes fiat
money, but also certificates, stock, obligations, treasuries, law books, economical manuals,
diplomas, political pamphlets, 8c. 'conomy and politics will have to be rewritten. 5 new monetary
system is due. 5ll bankers will have to be reeducated. Berely shoemakers and barbershops may
proceed to work in their shops as they used to do before the revolution.
%anksters & 'olitics
"he banksters 8 politicians are living in a Coined relation. "hey need each other, as the bankster
needs politicians# laws and the politicians need the banksters# money.
5 great number of *ualified politicians taught is what is to be done. Charles de 3aulle had been
aware of the problems of fiat money and 2:D= warned to give up the gold standard
;
. (e was the last
great statesman to defend the gold standard. )ix years later president /ixon shocked the world by
paying the Eietnam war with freshly printed dollars. It was the beginning from warfare on a thin air
basis.
Lon( ter" ca!ital stora(e
In China and India it is common knowledge that paper values cannot be used to store capital values.
?apers may be easy enough for trading, but cannot hold values. In the meantime precious metals
became popular again. 5 few tons each day are to be shipped to )hanghai
<
.
"he 'C% in 2::+ became a copy of the 4)-0ed. 5fter the /ixon-shock in which the 4)5 defaulted
on gold the central banks started to dump enormous volumes of gold and still proceed to dump
precious metals. 4nlimited paper values resulted in a credit bubble, which ended +,2, in a crisis.
(owever the management does not really want the citi.ens to detect the true origins of these
problems. "hings should be stabili.ed in their current positions to proceed the series of wars in
various countries.


; Charles de 3aulle, Bonetary Crisis 3host of 2:D=
< Bay +F3GD loses another +.- tonnes of goldF)urprisingly )GE adds <.2:7 million of silverF3old and silver
skyrocket northbound as we enter physical time .onesFturmoil in 6dessa 4kraineF 5nother phony Cobs reportF
In order to maintain the @I1? politics with ,A interest rate the gold-price needs to be stabili.ed at a
fixed level of 2;,,H, respectively 2:HFounce for silver. 5s soon as the gold-price exceeds these
limits mysterious mechanisms are to be started automatically to suppress the market!-prices. "he
rigging however merely results in firing the intensity of Chinese and Indian investments in these
metals.
Beanwhile the 0ed not only is rigging the ,A interest rates at the monetary markets, but also gold-
and silver-price levels as well as the metals# vault contents, stock price levels, statistics for inflation,
Cobs statistics and the 3D?. "he 0ed takes care that the mainstream media is obliged to publish their
data and nothing else.
"he voters do not reali.e how much gold has been sold and what is left. "he gold-price is a rigged
miracle, but it is miraculously cheap...
)u!!ressin( the (ol#*!rice
Ielle @iClstra consideredJ gold is artificially kept at a far too low price at the behest of the 4.).
3overnmentK!
=
. 5 low gold-price is most profitable to the monetary system which is debasing at the
highest rate. "his is not the 4)H, but the Chinese Luan. "hat#s why precious metals are most popular
in China.
"he Iapanese also discovered the profitability of the high rated debasement, but they were to late in
debasing and cannot cope with the champions
D
. "he 5benomics strategy failed and Iapan#s economy
is breaking down
-
. Iapan however has a lot of dollars. "he inflating Luan and Len is dangerous,
because of their capacity to suddenly trigger the derivatives shockwaves...
Ne(ative +o$o*values si(nali,e #istrust
5 negative 3ofo
7
indicates the investors# distrust to lend their gold for future claims in paper-form.
5 negative gofo-value signals distrust and announces a collapse.
Keynes' theory as a relict $ro" the %ritish -"!ire
Meynes 9debauching the currency!> and Copernicus 9"he debasement of coinage!> describe the
secret mechanisms to deprive people of their assets. Meynes suggested a debasement of the %ritish
pound was also to improve %ritain#s export position
:
.
"his however merely works for countries which are effectively debasing more than other countries
and will fail if another country is debasing more successfully.
Meynes# theory is obsolete in a globally debasing monetary system. "he new Meynesian law isJ the
most successfully debasing nation is going to win. "hat#s modern Meynesian theory. 'conomists
however still are learning the obsolete theories.
Meynes wrote his theories in the old era of %ritish Imperial structures. 6nly the monetary imperium
remains with some obsolete gold trading facility. In A Tract on Monetary Reform Meynes also
suggested to put an end to the gold standard, which inhibited devaluations. In fact it seemed to be
obligatory to forbid the individual ownership of precious metals.
= "he word %5/M means, 5pril +: +,2< - ;+23old
D Iapanese ?repare 0or N Abenomics 0ailureN - Zero Hedge
- Abenomics Crucified &ith Gowest 3D? )ince 5be
7 "o be read at G%B5 - ?ricing and )tatistics
: .ohn Maynar# Keynes / Treatise on Money
0onclusion
'conomics merely seems to be a primitive cargo cult. 4nscientifically designed to test freely
adaptable principles in an ever-changing environment. I remembered as kids we were
playing card games in which each of us were using a private set of rules, which were to be
adapted at lib. "he game often ended in furious battles. "his is an unscientific approach we
never left in economics. 'ven the )tone 5ge used better principles than we are using today.
&e are going to experience a pupation.
Meynes is Cust as dead as the %ritish 'mpire. "he rat race for maximal debasement is at a full-blown
pace. 1ight now the Luan has made a head-start. "he Iapanese Len is already breaking down. "he
Chinese and Iapanese population will only be able to protect themselves against debasement by
buying precious metals. 'ach day a few tonnes are leaving the west on an eastbound Courney to
)hanghai. /egative 3ofo values are alarming and announcing a collapse. 5t the moment the gold-
price has been rigged at 2;,,H. "he vault#s contents are being kept secret, but probably the vaults
virtually already have been emptied. )ales may have been supported by the metals# owners. %ut
soon the truth is to be unveiled...