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This entry was posted on November 12, 2011 at 2:54 pm and is filed under The Point. You can follow any responses to this entry through the RSS 2.0 feed.
what you say about this buddy?
I’m sorry peter Austrian economist’s simply presumes without qualifying inflation is caused by excess money issued into circulation which is not the case at all simply because the circulatory deflation or the depleting circulation is always at a greater rate than any rate of re inflation or circulatory inflation by the means of national debt ,EVIDENT by increasing national debt. Peter Schiff himself says the fed is buying treasury bonds RIGHT?
Peter Schiff dose not articulate why the American economy is shrinking which I don’t dispute but his only solution I see here in your video link is advocating higher interest rates which is preposterous simply because any rate of interest depletes the monetary circulation that only ever consisted of some principal at most WHY? Because NO money ever comes into circulation until & NOT BEFORE one of us walks into a bank & signs a promissory obligation which only ever issues principal into circulation mate.
I have gone through this before with you .
There are really only TWO types of inflation OK.
1) Circulatory inflation which NEVER HAPPENS because the rate of circulatory deflation always exceeds the rate of circulatory inflation by the purposed obfuscation of our very own promissory obligations we have to each other where the bank fails to retire any paid principal from circulation by falsifying our debt to the mere publisher of our promissory obligations who indeed gives up absolutely NO consideration of value or risks any thing of its own in any purported loan to one of us.
2) Price inflation ON A WHOLE which is a direct cause of INTEREST charged on all our local business & commerce where industry has to increase there prices due to their very own debt obligations to the bank which entails interest .
I might add there is no such thing as ” cheap money ” in economics only a ” devalued currency ” by the purposed banking obfuscation of our very own promissory obligations ( MONEY CREATION ) we have to each other , a crime of theft of principal which happens before the banks misrepresentation or publication of our very own promissory obligations we have to each other which can only be described as a consequential unequal representation by charged INTEREST on our promissory obligations we have to each other that doesn’t or never has created or issued any interest into circulation upon any sale or transaction .
All bubbles are a result of unnatural increases & decreases of money in circulation & the housing Bubble was due to risky loans sure but the reason why people mostly defaulted on their loans was not because of a 1% interest rate on home loans ,this is simply incorrect they increased from 1% in 2004 up to 5% in 2008 when it crashed .The reason was because of an increase of money introduced by loans into in circulation & the very shortage of circulation was as a consequence of imposed interest at any rate paid out of circulation ,depleting circulation that only ever consisted of some principal at most which is a shrinking of economy that peter schiff admits himself causes loss of jobs .
Mathematically Perfected Economy ” PROOF ” of solution disproved Austrian economics 30 odd years ago mate & no one yet has been able to disprove MPE , not peter schiff , not Ron Paul ,NO ONE not even you peter . Sadly most if not all these Austrian economists & advocates of Austrian economics fail logic & the 2nd grade maths who continually evade debate or even a open public discussion on MPE for that matter .
Its easy for one to just post a link I can disprove with logic alone but It would be something else if one could attempt to disprove what I have to say with ones own words & thoughts rather than just making ridiculous assumptions claiming that I fail at economics without logically demonstrating how & why ,only then concluding what I’m writing makes no sense because only you think I’m stupid which you have clearly demonstrated on my other posts even after I qualify & articulate in detail what I’m saying. Something I might add none of these pretenders do in your video links .
May I suggest you start thinking logically for your self peter & doing some research of your own looking at all information new & old & question these 11th hour pretenders you follow in blind faith
Let me just say when you think your discrediting your just making yourself sound foolish your simply making a statement that has absolutely no truth where is your eidence to support this non-sense and don’t give me that mpe garbage i looked up mpe is a mining corporation, probly one of the same ones that is taking australian farm owners land right across australia, and further if you think austrain economics is wrong then answer me this how was he and many others that follow this school of thought right about the events unfolding sum 10 years ago? hmm? common mister smarty pants answer that, answer me why the university of missus is wrong? answer me why it is the fastest growing econimic study today i dare anyone reding this do the reasearch yourself don’t take my word and definitly to listen to this lunatic DO THE RESEARCH YOURSELF DO THE RESEARCH YOURSELF COMMON I DARE YOU!
Your willful ignorance shines peter by purposefully misleading people now with the WRONG MPE acronym that stands for Maintenance & Project Engineering NOT Mathematically Perfected Economy.
Anyone that has the slightest intelligence would click on the Mathematically Perfected Economy link on the left hand side of the occupy Sydney web page http://www.occupysydney.org/ & one will see MPE stands for Mathematically Perfected Economy.
All one has to do is Google Mathematically Perfected Economy & see its NO mining company.
Its one thing to present the people with symptoms of failing economy over a 10 year period claiming without qualification a prediction of economic failure but its another thing identifying & articulating the root cause of economic failure that MPE indeed predicted 30 years prior to 2010 ,particular in 1981 when MPE accurately predicted when it was presented successfully to Reagan administration with computer models demonstrating the failure in 2010.
Ask any Austrian economist how is interest created or issued into circulation & ask the what dose the bank give up of its own or risks anything of its own in any purported loan to one of us ?
You then see there IS no evidence any economist ,not even an Austrian economist can come up with in support of these very assumptions they all base their teachings upon which are just mere unqualified assumptions mate.
Reality there is no lawful consideration of value given up by any bank nor is there any evidence that demonstrates or qualifies how interest is created into circulation in the first place upon any issuance of principal into circulation from the outset of one of our very own promissory obligations.
Further evidence which I have already provided on other video comments & I will provide again for a particular willfully ignorant layman such as yourself is a Freedom of information request from the People of Mathematically Perfected Economy (PFMPE) to the bank of england asking these vital questions I outline above that not even any Austrian economists can answer & till this day the BoE evades answering the very same questions.
If there is NO ” consideration of value ” given up by any bank ,well there is NO debt to the bank. Basically the bank is breaking the fundamentals of contract law in any purported loan to one of us by giving up absolutely ” NO consideration ” in the purported loan contract where only the borrower or correctly speaking the ” obligor ” is the only person that signs the banks contract which makes it a promise to pay or a promissory obligation or note.
If only the ” obligor ” signs the promissory obligation its only the ” obligor ” who gives up “lawful consideration of value ” & the true creditor is the owner or builder who gives up the property in question in any purported loan from a bank.
What then dose this make the bank? One can only conclude the bank intervenes between the TRUE creditor & the ” obligor ” committing a crime of theft by purposefully ” obfuscating ” the ” obligors ” promissory obligation or note falsifying a debt to the mere publisher of any of our promissory obligations who indeed gives up no lawful consideration of value failing to retire the ” obligors ” payments,lending money only as if it was the banks money to loan out in the beginning thus keeping or stealing all repayments paid out of circulation causing circulatory deflation or a perpetual shortage of circulation when the money didn’t exist before the ” obligor ” walked into a bank & signed a promissory obligation or note.
Indeed its the ” obligor ” or borrower who creates all money on its very conception by his or her signature on a promissory obligation or promissory note & the only debt obligation is not to any bank rather the only obligation then is for the ” obligor ” to pay down & rightfully retire the principal that was only ever introduced into circulation out of circulation over a period of time to prevent circulatory inflation. NOTHING MORE & NOTHING LESS
WHAT IS CONSIDERATION ?
WHAT IS A OBLIGOR ?
WHAT IS OBFUSCATION ?
If there is NO debt to the bank how dose the bank justify charged interest on a purported loan to one of us if the bank risks NOTHING & cant prove or demonstrate how interest is created into circulation in the first place?
One can only conclude if interest is not created or issued into circulation ,any paid principal then on a purported loan from a bank can only then perpetually terminally deplete circulation that only ever consisted of some principal at most , thus any government then borrows the very same money back as national debt at further interest in an attempt to keep circulation vital so as to sustain all our business & commerce thus taxing us in most part for this national debt on top of all our very own falsified debts to a bank.
Any dummy can logically conclude after reading this any national debt attempting to re inflate circulation is definitely terminal & economic suicide which consolidates all our wealth public & private in the end to the mere publishers of our very own promissory obligations which I might add is a gross negligence on behalf of any representative government & clear breach of trust.
http://www.mpe.com.au/ here loser its a mining and project engineering company you cant just make up things you know
WHY WOULD ANYONE TALK YOUR WORD OVER PETER SCHIFF HE IS THE PRESIDENT OF EURO PACIFIC CAPITAL AND EMPLOYES OVER 150 WORKERS AND IS IN THE NEW NEARLY EVERYDAY GIVING STOCK INFORMATION THE HELL ARE YOU TO DISCREDIT THAT? HOW MANY DO YOU EMPLOY ON THAT LOUNGE?
WHY WOULD ANYONE TALK YOUR WORD OVER PETER SCHIFF HE IS THE PRESIDENT OF EURO PACIFIC CAPITAL AND EMPLOYES OVER 150 WORKERS AND IS IN THE NEW NEARLY EVERYDAY GIVING STOCK INFORMATION THE HELL ARE YOU TO DISCREDIT THAT? HOW MANY DO YOU EMPLOY ON THAT LOUNGE? DO THE RESEARCH YOURSELF PEOPLE
FURTHER MORE MATHEMATICALLY PERFECTED ECONOMY ???
I DECIDE WHAT MY DOLLAR WILL BUY NOT A MATHEMATICAL EQUATION
You seem to have purposefully lost control of your caps lock peter? , YELLING like a child is not going to disprove MPE any more than the president of the euro pacific capital can who evades even talking about a 43 year solution & no more than the president of the united states of America can, both of which who are advocates of the very banks WHO rob us all today .
Indeed you will never decide what your dollar buys so long as the bank purposefully obfuscates our very own promissory obligations we have to each other, only under MPE you can decide what your dollar buys in a true free market & you will never get a true free market so long as the banks are stealing not only the principal as if it was theirs to loan out in the beginning but stealing the interest also out of circulation which terminally depletes circulation that only ever consisted of some principal at most .
Sadly Its ones willful blind ignorance & denial of MPE such as yourself who refuses to think logically, continuously promoting division with already disproved assumptions ,well what else can I say peter ? you are one of the biggest problems we all have to face today in uniting on the only true consensual representation of wealth by a singular “Poof ” of solution .Indeed peter you like many others out there are your own worst enemy & you cant even see it yourself sadly.
Mike Montagne 1/6 (MPE) Holding Adversaries Accountable 24.07.11
Mike Montagne 1/9 (MPE) Differences between unqualified assertion & reality 27.8.11
I just have to laugh at Peter’s comment. I’m sorry, I probably shouldn’t but it was just so funny “It’s a mining company…see!” What a hoot! Seriously though, I’ve been looking into quite a few different sources (Peter Schiff as well). I am concentrating on MPE right now (I can assure you it’s not a mining company). MPE is, in my opinion the most comprehensive explanation of why we are in the financial mess we’re in that I’ve found to date. You would do well to look into it Peter. It explains everything in detail and makes the most sense. I’ve studied the Austrians….Rothbard, Paul, Rockwell, Mises etc. but there was still something missing. I can see why a gold standard would be catastophic to our economy now, how money really gets created, and how Banks & Governments collude to steal the peoples money.
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