Shango, Ogun, and the other Orisha are not ''idols'' to be worshipped. They are veritable ancestors of Yoruba-African people. Their beneficial deeds to the community have caused them to be elevated to spiritual life-forces in the service of Olodumare.
'Ori sha' means my destiny is chosen. That destiny is to become one with Olodumare through beneficial deeds and continuous effort towards spiritual consciousness. It is a destiny open to all.
ibere
Thursday, October 25, 2007
Friday, October 12, 2007
Marketeers or Governments: who should control the economy?
Commanding Heights video 1 video 2 video 3
Supposedly the 'new world order' is the re-eminence of market forces over control of the economy. Globalisation of capitalism, privatisation, weakened representative government and opened markets. Who pays the gold, controls the rulers. But now, the logical consequence of un-restrained capitalism is evident across the globe. The owners of global capital and violence become a separate society dominant over local owners of labour and materials.
Globalisation is a system of world economic restructuring. It is not the end in itself of the globalising forces. So who are the driving forces, and what do they want from the localised? These videos highlight the old Hegelian dialectic of right / free marketeers and left / big government. Commanding Heights does not show who really holds the commanding heights of our societies and economies. Globalisation is not here to stay, unless it shares its risks and rewards more equitably.
Interesting pattern, Food disappears from markets. Chaos. The globalists, the church-jesuits and the media appear in the right place. Governments kill industry and hand the people over. Food appears. Order.
For example, Bolivia, an agrarian economy like much of the world, finds it difficult to feed its own people. Global marketeer Jeffry Sachs is asked for economic development plan, travels to Bolivia, AND just happens to run into the soon-to-be-president. Hmmm.
Bolivian 'Shock Therapy' becomes the standard medicine offered by world bank / IMF to the 'developing world'. But only if they agree not to compete in advanced markets and stay in primary production.
At the national level, the central banks are the agencies of free markets.
Supposedly the 'new world order' is the re-eminence of market forces over control of the economy. Globalisation of capitalism, privatisation, weakened representative government and opened markets. Who pays the gold, controls the rulers. But now, the logical consequence of un-restrained capitalism is evident across the globe. The owners of global capital and violence become a separate society dominant over local owners of labour and materials.
Globalisation is a system of world economic restructuring. It is not the end in itself of the globalising forces. So who are the driving forces, and what do they want from the localised? These videos highlight the old Hegelian dialectic of right / free marketeers and left / big government. Commanding Heights does not show who really holds the commanding heights of our societies and economies. Globalisation is not here to stay, unless it shares its risks and rewards more equitably.
Interesting pattern, Food disappears from markets. Chaos. The globalists, the church-jesuits and the media appear in the right place. Governments kill industry and hand the people over. Food appears. Order.
For example, Bolivia, an agrarian economy like much of the world, finds it difficult to feed its own people. Global marketeer Jeffry Sachs is asked for economic development plan, travels to Bolivia, AND just happens to run into the soon-to-be-president. Hmmm.
Bolivian 'Shock Therapy' becomes the standard medicine offered by world bank / IMF to the 'developing world'. But only if they agree not to compete in advanced markets and stay in primary production.
At the national level, the central banks are the agencies of free markets.
Wednesday, October 10, 2007
Making money
Trading Money
Banks buy and sell money, just like rice-vendors buy and sell rice or bookshops buy and sell books. Money is a commodity. It can be hoarded just like rice. When rice is hoarded, its price will go up. Central banks control money supply by taking monopoly in the issue and price of money, and creating oligopoly in the private bank businesses allowed to trade in money. The discount rate is the price private banks pay to the central bank. A 3% discount rate means private banks pay 103 for every 100 money bought from central bank.
Causing inflation or deflation of the real economy.
By lowering the discount rate to 2.7%, central bank increase primary money supply, It decreases money supply by increasing the discount rate to 3.3%. Banks buy and sell money with each other at the base rate, which reflects the banks' cost above the discount rate. When banks hoard money, it is known as money refraction or 'mopping up of excess liquidity'. It causes people to not have enough money for their daily transactions, so they raise market prices of rice, books, etc in order to get more money. Consumers' salaries and wages become insufficient to meet survival needs so they work increased hours or ask for increased earnings or both. If successful, business costs rise, so businesses must increase product prices or product volumes or both. The increase in business costs is called inflation. If consumers or businesses fail to increase prices, demand for product or labour will fall. This is called deflation.
Interest rate
Consumers or businesses who cannot get higher prices face the risk of defaulting on their bank loans. Having caused the problem in the first case, banks make more profit through continuing to withhold money supply and charging fees on borrowers who default on loans or by raising the cost of money to borrowers. This cost of money is called the interest rate.
Credit crunch
Whenever the real economy is producing sufficient money for businesses or consumers to meet their needs without increasing prices, they do not borrow money from the banks. So banks do not get new assets on which to earn interest. Banks then reduce credit terms to make money cheaper or lower their interest rates paid on deposits in order to discourage savings. This causes more money to be available to producers and labour-ers. They increase prices (money demand) in order to obtain the increased money supply, Those who cannot increase prices sufficiently, must borrow from the banks. Inflation ensues. By strengthening credit terms, banks reduce money supply. Borrowers may not be able to increase the prices to meet their loans. This is a 'credit crunch'. The banks crunch (put the screws on) the over-extended borrowers. It is a crisis for the borrowers.
Credit crisis
Remember that banks trade in money? Banks that borrowed (took deposits) from other banks have to pay their creditors. When a borrower bank cannot pay its creditor banks, this is a 'credit crisis'. It is a crisis for the banks because they all kept only 2% of the money they lent to each other and to their borrowers. If one bank fails, its obligations to its creditor banks cannot be met and so they may fail too, and so may their creditors...
Banks buy and sell money, just like rice-vendors buy and sell rice or bookshops buy and sell books. Money is a commodity. It can be hoarded just like rice. When rice is hoarded, its price will go up. Central banks control money supply by taking monopoly in the issue and price of money, and creating oligopoly in the private bank businesses allowed to trade in money. The discount rate is the price private banks pay to the central bank. A 3% discount rate means private banks pay 103 for every 100 money bought from central bank.
Causing inflation or deflation of the real economy.
By lowering the discount rate to 2.7%, central bank increase primary money supply, It decreases money supply by increasing the discount rate to 3.3%. Banks buy and sell money with each other at the base rate, which reflects the banks' cost above the discount rate. When banks hoard money, it is known as money refraction or 'mopping up of excess liquidity'. It causes people to not have enough money for their daily transactions, so they raise market prices of rice, books, etc in order to get more money. Consumers' salaries and wages become insufficient to meet survival needs so they work increased hours or ask for increased earnings or both. If successful, business costs rise, so businesses must increase product prices or product volumes or both. The increase in business costs is called inflation. If consumers or businesses fail to increase prices, demand for product or labour will fall. This is called deflation.
Interest rate
Consumers or businesses who cannot get higher prices face the risk of defaulting on their bank loans. Having caused the problem in the first case, banks make more profit through continuing to withhold money supply and charging fees on borrowers who default on loans or by raising the cost of money to borrowers. This cost of money is called the interest rate.
Credit crunch
Whenever the real economy is producing sufficient money for businesses or consumers to meet their needs without increasing prices, they do not borrow money from the banks. So banks do not get new assets on which to earn interest. Banks then reduce credit terms to make money cheaper or lower their interest rates paid on deposits in order to discourage savings. This causes more money to be available to producers and labour-ers. They increase prices (money demand) in order to obtain the increased money supply, Those who cannot increase prices sufficiently, must borrow from the banks. Inflation ensues. By strengthening credit terms, banks reduce money supply. Borrowers may not be able to increase the prices to meet their loans. This is a 'credit crunch'. The banks crunch (put the screws on) the over-extended borrowers. It is a crisis for the borrowers.
Credit crisis
Remember that banks trade in money? Banks that borrowed (took deposits) from other banks have to pay their creditors. When a borrower bank cannot pay its creditor banks, this is a 'credit crisis'. It is a crisis for the banks because they all kept only 2% of the money they lent to each other and to their borrowers. If one bank fails, its obligations to its creditor banks cannot be met and so they may fail too, and so may their creditors...
Euroslaves - seignorage
Euroslaves - The seigniorage's fraud and the secrets of public debt
Making Money
Who benefits from the global system of central banks controlling money supply. Seignorage is the difference between the cost of making (printing and circulating) money and the market price of money. Central banks earn seignorage from the primary supply of money and from secondary supply to replace worn-out or withdrawn money. The cost is about 0.03 on every 100.00. Private banks own and control the central banks. Private banks are owned by private shareholders. Private banks earn seignorage through the fractional lending system. At a 2% fractional reserves requirement level set by central banks, the high street bank actually keeps 2.00 in the vault and lends 98.00 (usually to another bank) of every 100 that you deposit. When you borrow, your 'loan' liability is also a ' virtual deposit' asset of the bank. It can then issue a real 98% loan, with interest, on this virtual deposit.
Making Money
Who benefits from the global system of central banks controlling money supply. Seignorage is the difference between the cost of making (printing and circulating) money and the market price of money. Central banks earn seignorage from the primary supply of money and from secondary supply to replace worn-out or withdrawn money. The cost is about 0.03 on every 100.00. Private banks own and control the central banks. Private banks are owned by private shareholders. Private banks earn seignorage through the fractional lending system. At a 2% fractional reserves requirement level set by central banks, the high street bank actually keeps 2.00 in the vault and lends 98.00 (usually to another bank) of every 100 that you deposit. When you borrow, your 'loan' liability is also a ' virtual deposit' asset of the bank. It can then issue a real 98% loan, with interest, on this virtual deposit.
Tuesday, October 09, 2007
Where wil our food come from, later?
video On the depletion of fish stocks from the world's oceans.
Seems there will soon be a very sharp drop in world food stocks. Unless you can grow your own, you are done for. If you can go to farm at your village, please do so. It is sustainable monthly cash flow. It increases your chances of future survival.
Seems there will soon be a very sharp drop in world food stocks. Unless you can grow your own, you are done for. If you can go to farm at your village, please do so. It is sustainable monthly cash flow. It increases your chances of future survival.
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