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Subject: Mar 18:
Armstrong admits finance has always required risk-less rents on societyFrom: iamback
Date: Wed, March 18, 2015 7:48 am
To: "Armstrong Economics" <
armstrongeconomics@gmail.com>
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Armstrong has now documented that the elite banksters have an incentive to take control of finance away from governments and into their own hands, e.g. a one-world reserve central bank.
My seminal essays explained that Finance (usury and debt) are the paradigm of ignorant, passive capital (a.k.a. stored monetary capital) extracting risk-less rents from the productive sector by subjugating the collective to fungible stored monetary wealth (which is always power-law distributed, thus giving rise to socialism). It is not a question of desire, the paradigm demands it be risk-less because debt is only mathematically possible with fractional reserve banking, which is an inherently bankrupt paradigm. This was possible when non-fungible knowledge production was not the dominant component of production; which was the case in the stone, bronze, iron, agricultural, and industrial age epochs. But
the Knowledge Age inverts this fundamental economic relationship.
The true solution is not a one-world central bank controlled by the banksters under the ruse of international partnership. Rather it is the grassroots rise of the computer revolution enabling the individual mind as economically dominant! I pray that Armstrong will have an epiphany.
http://armstrongeconomics.com/2015/03/18/austria-to-default-of-debt-of-10-2-billion-euros/The documents of the Medici family clearly state to deal as little as possible with the court of the Duke of Burgundy and of other princes and lords, especially in granting credit and accommodating them with money, because it involves more risk than profit. Distinctly, it is clear that the text continued showing that the Medici did not wish to lend to the princes of Europe for there was no way to collect a debt from a sovereign. The contract continued warning many merchants in this way fared badly and that our fathers have always been wary of such involvements and stayed aloof, unless it was a matter of a small sum lent to make or to keep friends. The Medici policy was to preserve their wealth and credit rather than enrich themselves by risky ventures.
The Baring Brothers folded. The Rothschilds, despite the conspiracy theories, have been replaced by the modern merchant banking style firm Goldman Sachs. I cover in detail the rise and fall of every banking family with documentary proof not wild rumor and speculation.
This is history unfold once again in Austria. Sorry the Rothschilds are not in the game this time. Not a single firm that has ever gotten involved with government has survived.