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The banker’s guide to owning it all……………
1. Become majority lender in an economy of people with assets you want.
2. Encourage indebtedness by loaning generously while securing on assets of interest.
3. Loosen lending standards until the assets you seek to capture are attached.
(this makes the economy debt dependent)
4. Once debts are significant for the bulk of the population, sharply tighten lending standards. <– Economic shock – Onset of deflation
5. Backstop losses with public guarantees if possible. This is gravy if one can get it.
(Fannie and Freddie guarantees, for example)
6. Permit default ‘without risk’ on the assets you wish to seize to maximize wealth transfer.
(Stall foreclosure, stay repossession orders etc
7. Stall the economy to maximize default positions and deplete private liquidity. <– We are here
8. Successively ratchet the economy downhill, while bettering secured positions.
9. In a series of large actions, seize all security for default. Target the assets of greatest interest first.
(This deals a heavy economic blow and can help cause the ratcheting required for step 8.)
10. Transfer asset ownership, but retain prior owners as renters where possible.
(This reduces public lashback and helps maintain the asset for resale)
11. Once the bulk of assets of transferred, write them down to leverage the public financial backstop.
12. Buy up as many remaining assets on the cheap as possible. Hide this action.
13. Hyper inflate to destroy the external claims on wealth. <– Onset of hyperinflation
(This destroys treasuries, gov’t bonds, currency. Ensures free title on new assets. May cause war.)
14. Stabilize the currency or devise a new one, resume lending at a reasonable pace. Sell the assets back, secured of course, at your chosen price in new currency.
Hyperinflation is only a risk to the wealthy if the population has the assets.
Make note of that statement. It is key to timing the shift from deflation to hyperinflation.
via The banker’s guide to owning it all…………… | Awaken Longford.
via The banker’s guide to owning it all…………… | Awaken Longford.
Soviet Propaganda posters of 1970’s
Soviet posters of 1970th. The unusual, interesting and sometimes strange design of Soviet artists.
“To strengthen the friendship of Socialist countries youth!”
“Moscow is the capital of Olympics 1980″
The exibition of Soviet national economy achievements. “The exhibition hall of nature preserve”
“Protect the birds”
“For the high quality of field work!”
“First international book exhibition in Moscow”
“Textile industry needs young people!
“Your work for the glory of the country!”
