17th November 2011
Read up Deuteronomy 23:19-20 and you know once and for all what this system and its recurring crises are about.
"Unto a stranger thou mayest lend upon usury; but unto thy [Judaic] brother thou shalt not lend upon usury: that the LORD thy God may bless thee in all that thou settest thine hand to in the land whither thou goest to possess it."
"Capitalism", the "ism" denoting the religion of adoring Mammon, the inventor of "growth" of credit/debt money by cumulative interest and "Fiat Money" out of Nothing in imitation of the Creator's "Fiat " in Genesis. Its "growth" leads to overexpansion of economies which eventually can't earn the interest to service debt. Profits disappear which finally causes the crash of equities in stock markets.
But unless some mass--rousing leader(s) takes Thomas Jefferson seriously and preferably not violently, but in judo style, disarms "funny money", Emilio Botín, the outstanding builder of Banco de Santander and willy-nillingly a servant of the system, will be right till Doomsday: "There can be no paradise without credit." He took it for granted that folks would not yet cynically infer "paradise for the bankers or Bilderbergers", and still less what it all has to do with paradise. Unlike the churches, Botín understands that it was Funny Money, in other words, credit, which ruined the paradisiacal economy.
Concludingly, till credit is outlawed and equity money, i.e. venture or risk capital takes its place, possibly with a preferred but not cumulative dividend as Warren Buffett granted Goldman Sachs and GE [i.e taking a stake in the enterprise, rather than exacting interest repayment], this Crisis is to lead into the totalitarian Novus Ordo Seclorum. Everyone will end up as a slave includiing the hitherto privileged (from the Latin privare - to steal, rob, lege - by law) because "Revolution eats its children."
R. Gabriel, Toledo