People From Around The World Are Sounding The Alarms and Offering Alternative Solutions

1-global-noise-protests-against-public-debt--barcelona

Every nation is facing the debt crisis, it is unavoidable for all within the international monetary system.
Which country will be the first to intentionally default on their debt with a alternative policy solution?
Of course it is more likely that a government will default unintentionally and without a alternative policy available (Venezuela and Brazil comes to mind).

*FYI: Apparently, the globalists are implementing their 4th Industrial Revolution, to include financial technology, digital labor and digital currency for the eventuality of the cashless society.
India and the Rupee may be the tip of the spear, but a worldwide campaign is underway to mandate that all citizens must have a bank account and corporations will electronically transfer paychecks. Again we witness the digital currency, debit/credit cards transitioning to the cashless society and another social experiment engineered for tighter controls over humanity.

Video Title: RTD News: A Inside Look At The Venezuela HYPERINFLATION by Rethinking The Dollar

After truth about institutional governance is revealed, problem solving becomes common sense.
It is very interesting listening to the People from many different regions.
I have limited this discussion to the English language, but please be aware that many more discussions are in other languages (Iceland is very difficult to get English translations but they have seen the monetary system crisis first hand and are proposing alternatives).

– Open Mic and Public Forum –
Please listen to the People Speak about problem solving with alternatives to what the MSM and governments are proposing. ~Ron

All of the economic dislocations Venezuela faces today have their roots in the way the state handles money. –caracaschronicles.com

Argentina

[Excerpts are from a much larger text, for the full post translated from Spanish click here.]

Sovereign Debt for Territory: A new Global Elite Swap Strategy

In recent decades, dozens of sovereign nations have fallen into ever-deepening trouble by becoming indebted with the “private megabank over-world” for amounts far, far in excess of what they can ever pay back.

Is this due to bankers’ professional malpractice coupled with government mismanagement on a truly grand scale? Or are we seeing global power elite long-term planners slowly achieving their goals?

It takes two to Dance the Tango

Recurrent sovereign debt crises reflect neither “over-lending mistakes” by bankers and investors, nor “innocence” on the part of successive governments in deeply indebted nations.

Rather, it all ties in with a global model for domination driven by a system of perpetual national debt which I have called “The Shylock Model”.

As with the tango which requires rhythm and bravado, Argentina is again dancing centre-stage to global mega-bankers’ financial tunes after falling into a new “technical default”. Not just because the country is unable to pay off its massive public debt by heeding the “rules of the game” as written and continuously re-vamped by global usurers, but now with added legal immorality and judicial indecency on the part of New York’s Second District Manhattan Court presided by Judge Daniel Griesa.

Griesa has shown no qualms in putting U.S. law at the service of immoral parasitic “bankers and investors” such as Paul Singer of the Elliott/NML Fund and Mark Brodsky of the Aurelius Fund.

The mainstream media inside and outside Argentina refer to these parasitic money “sloshers” as “vulture funds”; a conceptual mistake because one might then be led to believe that other funds and bankers – Goldman Sachs, HSBC, Citigroup, JPMorgan Chase, Deutsche Bank, George Soros, Rothschild, Warburg – are not “vultures” when, in fact, the very foundations of today’s global banking system lie on parasitic pro-vulture rules and laws coupled with an overpowering lack of moral values.
[…]
Sovereign Debt

Sovereign debts are a major problem in just about every country in the world, including the U.S., UK and EU nations. So much so, those debts have become a Damocles’ Swords threatening the livelihood of untold billions of workers around the world.

One often wonders why governments indebt themselves for so much more than they can ever hope to pay… Here, Western economists, bankers, traders, Ivy League academics and professors, Nobel laureates and the mainstream media have a quick and monolithic reply: because all nations need “investment and investors” if they wish to build highways, power plants, schools, airports, hospitals, raise armies, service infrastructures and a long list of et ceteras, economic and national activities are all about.

But more and more people are starting to ask a fundamental common-sense question: why should governments indebt themselves in hard currencies, decades into the future with global mega-bankers, when they could just as well finance these projects and needs far more safely by issuing the proper amounts of their own local sovereign currency instead?

Here is where all the above “experts” go berserk & ballistic, shouting back: “Issue currency? Are you crazy?? That’s against the “rules & laws” of economics!!! Issuing national sovereign currency to finance the real economy’s monetary needs leads to inflation and lost jobs and chaos and… (puts us nice mega-bankers out of a job…)!!.” That’s when they all gang-up into noisy “The sky is falling! The sky is falling!!” mode.

Then you ask them: What happens when countries default on their unpayable sovereign debts – as they invariably and repeatedly do – not just in Argentina, but in Brazil, Spain, Venezuela, France, Costa Rica, Peru, El Salvador, Portugal, Russia, Bolivia, Iceland, Turkey, Greece, Cyprus, Thailand, Nigeria, Mexico, and Indonesia?

Again the voice of the “experts”: “Then countries must “restructure” their debts kicking them forwards 20, 40 or more years into the future, so that your great, great, great grandchildren can continue paying them”. Oh, I see!

The truth is that countries need public spending to maintain their economies resilient and buoyant, their citizens working, prospering and happy; their nation-states sovereign, strong and secure.

OK: happy, secure and working populations cannot be defined as a formula that can be readily integrated into “expert” economists’ spreadsheets. However, there’s a basic truth that should be obvious by now: Finance (which is the virtual world of bankers, investments, speculation and usury) should always be fully subordinated to the Real Economy (which is the world of work, production, buildings, milk & bread and services).

All this begs the obvious question: Since governments have a natural tendency to overspend and end up getting themselves into too much debt, which is the better option then:

– that their “red numbers” (aka sovereign debt) should be owed to themselves; their own nation-states (debt in local currency that in the last instance can be written off, even if a bad bout of inflation cannot be stopped, countries can always revamp their currencies as Argentina repeatedly did over the past forty years), whereby the whole “debt crisis” basically becomes a short-term internal affair (albeit painful!), or…

– to convert those “red numbers” into foreign currency debt (U.S. Dollars or Euro) fully controlled by powerful far-away, well-organized creditor-technocrats and global mega-bankers sitting at the FED and IMF in Washington DC; the European Central Bank in Frankfurt; or perched in eager expectation in their Wall Street vulture nests?

Fool me once, shame on you; fool me twice, shame on me…

This tongue-twister, which famously proved too much for Baby Bush to muster, is a fitting description of how the hellish sovereign debt system really works in the long-term.

Argentina’s recurrent defaults and debt restructuring go back many decades. For brevity’s sake, let’s just point to 1956 right after President Juan Domingo Perón was ousted by a very bloody 1955 U.S.-UK (and mega-banker) sponsored military coup.

Perón was hated for his insistence on not indebting Argentina with the mega-bankers: in 1946 he rejected joining the International Monetary Fund (IMF); in 1953 he fully paid off all of Argentina’s sovereign debt. So, once the mega-bankers got rid of him in 1956, they shoved Argentina into the IMF and created the “Paris Club” to engineer decades-worth of sovereign debt for vanquished Argentina, something they’ve been doing until today.

But each sovereign-debt crisis cycle became shorter, more virulent and more toxic.

By December 2001, Argentina had collapsed financially sinking into the largest sovereign debt default in history. Immediately, the IMF’s deputy manager Anne Krueger proposed some “new and creative ideas” on what to do about Argentina.

She published them in 2002 in an article on the IMF’s website: “Should Countries like Argentina be able to declare themselves bankrupt?”, in which she said that “the lesson is clear: we need better incentives to bring debtors and creditors together before manageable problems turn into full-blown crises”, adding that the IMF believes “this could be done by learning from corporate bankruptcy regimes like Chapter 11 in the U.S.”.

She pointed this out as “a possible new approach”, adding that “of course many practical and political obstacles to getting such an approach up and running” needed to be overcome, the “key features would need the force of law throughout the world”, creating “a predictable (global) legal framework”.

From the stance of global mega-bankers’ geopolitical long-term planners, Ms Krueger’s proposal consisted of first gradually driving countries into receivership, and then sequentially into full-fledged bankruptcy.

Then as if nations were private corporations like Enron or WorldCom – they could be broken up into as many “digestible” pieces as possible, to be gobbled up by international creditors in some global vulture-fest banquet.

These ideas were developed in greater detail in her IMF essay, “A New Approach to Debt Restructuring”, and in a “Foreign Affairs” (mouthpiece of the powerful New York-Based Elite think-tank, Council on Foreign Relations) article published in July/August 2002 by Harvard professor Richard N Cooper: “Chapter 11 for Countries”.

Here, Cooper very matter-of-factly recommends that “only if the debtor nation cannot restore its financial health are its assets liquidated and the proceeds distributed to its creditors – again under the guidance of a (global) court” (!).

During those turbulent years, the global press – Time and The New York Times, for example – even suggested that the immensely rich Patagonia southern region should secede from Argentina as a defaulted debt payment mechanism.

In June 2005, however, a new sovereign debt bond mega-swap was instrumented by Argentina’s new president, Nestor Kirchner, and his Finance Minister Roberto Lavagna.

However, as Argentina became more and more structurally mired in debt, its sovereign debt crisis cycle grew shorter and shorter so that by 2010 a new debt crisis was in the books involving yet more debt reengineering, this time by President Cristina Kirchner and her Economy Minister (and today prosecuted Vice President) Amado Boudou.

But that too failed to hold for long, and today Singer’s NML/Elliot Fund and Brodsky’s Aurelius Fund have pushed Argentina again into default, this time with the legal backing of local Manhattan Federal Judge Griesa and the U.S. Supreme Court.

The very fact that today the fate of Argentina’s sovereign debt lies with the U.S. Judiciary is an eloquent sign of things to come.

Don’t kill the Hen that lays Golden Eggs!

Surprisingly, Ms Krueger recently came out in “defense” of Argentina recommending Judge Griesa and his “Vulture Nest” boys should not act hastily killing off the Argentine hen that lays golden eggs.

In an article published July 2014, she warns that the “U.S. Supreme Court’s decision on Argentina adds a new wrinkle, and may very well further increase the risk attached to holding sovereign debt and this, to the cost of issuing it.”

The specialized and mainstream media – Financial Times, New York Times, Wall Street Journal, The Economist – are also recommending Judge Griesa and his vulture chicks to show more restraint because in today’s delicate post-2008 banking system, a new and less controllable sovereign debt crisis could thwart the global elite’s plans for an “orderly transition towards a new global legal architecture” that will allow orderly liquidation of financially-failed states like Argentina. Especially if such debt were to be collateralized by its national territory (what else is left!?)

Will yet another sovereign debt bond mega-swap be imposed upon Argentina, this time with large swathes of its national territory – especially Patagonia – being used as collateral guarantee?

United Kingdom

Title: The Fallacy of Modern Economics
Video posted 21 Dec 2016 by maneco64

Norway & Canada

Title: Chaos In The Streets As Brazil Senate Approves 20 Year Austerity Plan
Video posted 20 Dec 2016 by World Alternative Media

India

The federal government & central bank are hosting a demonetization (social) experiment.
Rethinking The Rupee and the black market.

Title: India’s Massive Billion Man Psy-Op / War on Cash to Cashless Society!!!
Video posted 01 Dec 2016 by Paul Sandhu

“In a world of ultra low and negative interest rates, bail-ins and increasing corporate and government surveillance, the war on cash will be damaging to savings and wealth protection, it will primarily benefit governments and banks.”

  • War On Cash Goes Global – India, Australia and Citibank
  • India shock cancellation of nation’s two highest-denomination notes
  • India effectively invalidates & removes 86% of cash from circulation
  • India sees “runs on banks” & severe financial difficulties
  • Citi to makes all Australian branches cashless
  • Australian pilot programme restricts 80% of payments on card
  • UBS proposes Australia eliminates $100 and $50 bills

Read more: goldcore.com

Mr. Kalyan Chakrabarti explains, or perhaps defends would be more accurate, the Indian government’s demonetization (cashless society) program efforts:

 

Title: RTD Ep:54 “Demonetization: The Modi Way” – Kalyan Chakrabarti (Rising Straits Capital)
Video posted 16 Dec 2016 by Rethinking The Dollar


More international efforts to share information:
For some, the immediate solution is to simply move.
We may be witnessing a mass migration worldwide.

Title: More and more Venezuelans are uprooting their lives to escape their country’s crises
Video posted 4 Dec 2016 by financial-planning

Title: ECON 1710 Debt Crisis: An Alternative Solution from an Islamic Perspective
Video posted 3 Dec 2016 by Nabil Hairay

Title: Holly Seeliger: India’s Cash Crisis
Video posted 21 Nov 2016 by Zoon Politikon

.
RELATED:
https://ronmamita.wordpress.com/2014/01/20/trust-in-governments-worldwide-failing/
https://ronmamita.wordpress.com/2014/07/06/armstrong-economics-predicts-series-of-crisis-leading-to-collapse/
https://ronmamita.wordpress.com/2015/01/15/derivatives-traders-betting-theres-a-75-chance-that-venezuela-will-default-in-a-year/
https://ronmamita.wordpress.com/2015/02/10/puerto-ricos-sovereign-debt-crisis-suffers-blow-from-federal-court/
https://ronmamita.wordpress.com/2015/07/08/evaporating-complacency-the-greece-fulcrum-is-forcing-rapid-immediate-decisions/
https://ronmamita.wordpress.com/2016/01/28/googles-deepmind-a-i-algorithm-masters-ancient-game-of-go/

https://ronmamita.wordpress.com/2016/08/06/civilization-social-engineering-i-wish-everyone-understood-this/
https://ronmamita.wordpress.com/2016/10/15/these-days-only-losers-have-jobs/
https://ronmamita.wordpress.com/2016/12/08/globalists-script-a-i-and-robots-to-replace-most-workers-in-nwo-economy/
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Want Worldwide PEACE and Prosperity. We are the solution we have been searching for... Free People of Earth will solve our crisis and create an era of Creativity. Be at Peace; Be Aware; Be Creative; Be Active; Be Free and Alive; and then Share it. LOVE & Peace AMOR y Paz

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Posted in Freedom-Expressed
2 comments on “People From Around The World Are Sounding The Alarms and Offering Alternative Solutions
  1. RonMamita says:

    Bankers: When All Else Fails They Declare War!

    The military is the all-purpose-tool where everything is legal or legality is ignored.

    Will the old formula for manipulation work in the 21st century?
    Will war campaign escalate the current world war?
    Syria, Yemen, Libya, Afghanistan, Ukraine, Venezuela, and other regions are destabilized and ripe for military intervention or war escalation…

    Title: Bix Weir: Roadside Chat 12/21/2016
    Video posted 21 Dec 2016 by RoadtoRoota

    Title: Who Just Became the Largest Holder of U.S. Treasuries? Hint: Not China!
    Video posted 16 Dec 2016 by The Money GPS ~ Author Exposing the Truth

  2. RonMamita says:

    Title: Economic Collapse – A NEW THEORY On Why It Never Melts Down!
    Video posted 13 Feb 2017 by Texas Shrugged Book

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