Tag Archives: Treasury

JAPANESE CARRY TRADE SANK ICELAND VIKING SHIPS

 

Finally, an economics reporter, in this case, in England, finally figures out what I figured out 4 years ago: the Japanese carry trade flooded the entire planet with easy credit.  In this case, Mr. Elliott is talking about Iceland.  But the story of Iceland is exactly the same as England, Spain, Ireland, Scotland, the US, etc, etc.  Eventually, if everyone finally, finally sits down and examines where this flood of funny money came from, they will finally, finally figure out, it was due to the ZIRP banking system of the Bank of Japan, not homeowners suddenly wanting to buy three or more houses.  And if we finally, finally understand all of this, we have to fix it so it won’t happen again and how are we doing this with half of the first world nations imitating Japan’s ZIRP system of banking?  Of course.  This is doomed.
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1933: TERRORIZING PEOPLE INTO HANDING OVER GOLD

YouTube – Johannes Kreidler – Songsmith fed with Stock Charts

I was moping about the internet, feeding various words into Time Magazine’s archives.  I was curious about any possible cases against gold hoarders in the Great Depression.  I came across one name, Mr. Frederick Barber Campbell.  His case was supposed to go to the Supreme Court but didn’t so the various laws and regulations of gold remained on the books.  It was very difficult to find contemporary information about Mr. Campbell.  The Wikipedia entry found the exact same information I found, independently.  That is, the same Time Magazine article I found.  Wikipedia also had an editorial claiming that we online investigators were lying about people being arrested for ‘hoarding gold.’

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