Status Quo Still Holds Despite Red Ink Tsunamis

WWII yen from Japan with the rate changed from 50 yen to 186 yen, with a red stamp!
December 20, 2007

Elaine Meinel Supkis

The economic tsunami isn't just flooding the US, it is hitting many shores. Britain, quite obviously. But also Spain, Italy, even Germany. And France. As well as Japan. Many peculiar things are going on and the race to eliminate all interest rates continues despite obvious global inflation. Japan keeps its interest rates at near zero even as they admit, they better improve the condition of workers or they will cease having any more people in 50 years! They don't need Godzilla if they cease having children. Like England and the US, Japan is very deep in debt as well as home base for huge M3 creation across the entire planet except for Japan. This tsunami could sweep many a nation off of history's stage.

The logic of tsunamis: the water isn't one wave but rather, a bulge in the ocean due to displacement, for example, or a volcano blowing up and the ocean rushing in and then out again. The wave hits and then more and more and more water pours in, unstoppable. The incoming water destroys everything in its path and then takes all the debris and shoves it along like a battering ram, the epic waves from the Boxing Day earthquake lasted several minutes. Each. The wall of a category 5 hurricane or typhoon operates the same way. The flatter the landscape, the less chance of surviving these walls of water. But the European cement factory in Sumatra was huge and right next to mountains and was also right next to where the quake's epicenter was. The tsunami wiped out a multi-story cement bunker-style factory. No one survived. Ships were shoved right up mountainsides.

There are many web sites today eagerly talking about the present banking/finance/savings meltdown in the West. This is truly a global moment in history like when the British Empire lost control of all its banking systems and even strong banks in the USA collapsed. For when empires lose their grip, when a wave of red ink suddenly surges forwards like we see today, all are flooded to one degree or another. Even last month, I read in more than one commentary by some top economists, the queer and hideous idea that the US could produce as much red ink as we wished and there would be no problem since all the world will still do business with us and give us as much money as we needed, no matter what. According to this philosophy, one that all grifters and con men embrace, is the idea that no one would want to stop deadbeats from ringing up eternal debts and live free and generous lives and no one will stop this.

There are many online commentators who would like us to think that nuclear Russia or nuclear China are like non-nuclear Japan or non-nuclear Germany and would put up with us looting them via devaluing our currency and skipping payments on our debts. The belief was, these people would have to prop us up forever no matter how much we add red ink to our ledgers.

We know that the US government, our 'representatives' as well as our ruler, Bush, and the banks as well as the investment houses, all knew that the easy days were going to end with a lot of people desperate to go bankrupt. This is why, despite popular desire on the part of voters, to keep ancient bankruptcy laws agreed upon years and years ago, on the books. But our rulers and their financiers all wanted 'protection'...think, 'legal Mafia'. So they re-wrote the laws to make it impossible for most Americans to go bankrupt.

Many people were unaware of this new law passed only a year ago. For example, one California news story had this tale of a family who ran up the mortgage, via refinancing, from $500,000 to nearly a million dollars. They then bought a Lexus and other fancy cars, went to the pirate coves in the Caribbean and in general, lived like kings. In less than three years of buying their house on 100% credit and getting it re-financed three times, they packed their bags and went to Texas. Only the new bankruptcy laws caught up with them there and they are now facing possible jail time. A tad too late, too.

Sensible banking means sensible lending. This may put a crimp on things but one thing about all survivors of the Great Depression and WWII was their thriftiness. For example, my former father-in-law, bless him, graduated at the beginning of the Great Depression. He did well, despite this, he was a number cruncher with a MA in mathematics and earned enough to buy a two family house with his own father-in-law, near a private beach, no less. Even so, to his dying day, he would keep a hammer in the bathroom and would pound on the toothpaste tube at 6am to get the last paste from it. He never threw away strings, rubber bands or pencil stubs. He drove a Cadillac.

I knew a very rich shipping magnate. He kept the same car for at least 20 years, each. Yet he had a chauffeur. He also kept his pencil stubs and greatly approved of my father-in-law's habits. Including the hammer and the toothpaste tube. Yet he also owned a box at the opera, the Met, in Manhattan. I concluded that the events from back then were searing and formed life-long habits of successful executives who were very careful to never fall into debt at work.

Alas, this generation is dead and I mourn their passing. We now have deadbeats who breeze off and go bankrupt like Donald Duck Trump and his ugly toupee. These older executives never got divorced and would rip their arm off rather than lose their first loves, first marriages. The modern executives can't wait, like the evil Trump clown, to dump the wives and get newer and younger fashion models who then rip them off after planting stag horns firmly on their sugar-daddy's addled foreheads. Running though fortunes and then doing this over again, it is plan of this generation. They squeeze toothpaste tubes in the middle and then fling them at their soon-to-be exwives.

Banks face 'months of pain' as credit crunch bites

THE UK's banks face a "painful adjustment" in the coming months as losses from the summer credit crunch mount, Bank of England Governor Mervyn King warned yesterday.
The gloomy forecast came as the Treasury increased its funding guarantees to stricken mortgage lender Northern Rock, the biggest victim of the financial turmoil so far.

Mr King told MPs on the Treasury select committee: "A painful adjustment faces the global banking sector over the next few months as losses are revealed and new capital is raised to repair bank balance sheets."

But in a piece of better news, official figures showed inflation remained steady with the benchmark consumer prices index unchanged at 2.1 per cent last month. When quizzed over the possible nationalisation of the Newcastle-based lender – which has borrowed an estimated £25 billion so far – Mr King refused to rule out the option.

Capital was raised? How was that? Oh, yes. The Arabs came up to the Brits and offered to save them from doom. The same people who we fear, supposedly, for they are out to win a struggle for power, a religious war that has been raging for 50 years, nay, 2,000 years. They will save the Christians from financial ruin, right? England's offshore oil wells have been drying up much faster than anticipated. Instead of changing gears, the British have soldiered on, bolstered by the bizarre idea, the Iraqui Shi'ites, in gratitude for the removal of Saddam, will hand over all future oil contracts and sales to England. But alas, this dream of imperial pumping is a dry well. Or rather, Iran Kitty has a tighter hold on the Shi'ite population of Iraq compared to England or the USA who are seen as mere tools in a very old struggle for power within Islam. The banking crisis today has some very frightening religious underpinnings we cannot ignore. Indeed, what we are seeing is an attempt by world banking to set up a medieval system which charges no interest for holding sovereign wealth. This bizarre experiment is at the bottom of the present lending crisis. For it is more a savings crisis. Even the oil pumping Arabs who denounce interest rates, want a rate of return on money held by the bankers. But they like to hide this as donations or other fees. Which may be our future, considering that we seem unable to accept the need for compound interest.

Bank of Japan seen holding rates steady

Central bank expected to hoist 'rate-hike flag,' but delay any increase

"They are starting to realize that the income transmission mechanism within the domestic economy is not really working," said Hiroshi Shiraishi, chief Japan economist for Lehman Brothers in Tokyo. "Wages are not rising and therefore consumption is not really increasing."

Lehman Brothers forecasts that the Bank of Japan will refrain from any increase in rate interests until 2009.

The BoJ doubled the overnight lending rate from 0.25% in February.

I remember when the Bank of Japan ceased having virtual 0% rates. If we look at any charts across the planet on that week, at the very end of February, we can see a huge glitch. All of the world's markets briefly collapsed. But then, the other banks raised their rates so the Japanese flood of red ink being discharged into all banking partners resumed and the flood of money deals involving 'leverage' from the 'carry trade' took off, yet again. It is horrifying to see Mr. Shiraishi talking about the the dead consumer economy of Japan. Global inflation caused by the Bank of Japan's absurd and utterly a-historical interest rates have driven up many global commodities. The flood of red ink into the USA in particular, has caused the US dollar to collapse but the Bank of Japan fixed this by holding US dollars in what used to be the world's biggest FOREX reserves. They would have never succeeded in this scheme if it weren't for China holding even more dollars than Japan.

Back to Mr. Shiraishi: he knows quite well that not only have wages not risen, they have been ruthlessly slashed for the last 15 years. This is the true nature of Japanese 'depression' talk. The business world has grown vastly, profits have soared and exports have shot up but sales within Japan have withered on the vine and this is due to no watering of this vine. It wilted due to a great restriction on Japanese purchasing power. The super-cheap loans are for trade partners and export companies, not Japanese consumers. It is interesting to me to see the controllers of Japan openly talking about this. For years, they have lied about what is really going on. But the enforced depression is finally taking such a terrible toll, even they are having a change of heart, if one can call people this cold-blooded, 'having a heart'.

The fact remains, even as Japan has had a record 6 years of economic expansion, the Bank of Japan is going to keep interest rates well below 1% for at least another year! This has run for 15 years now and if we look at Japan's past 150 years of banking, having it this low never happened before nor has it run for so long in ANY country on earth, ANY TIME. Ever. This makes it a singularity that is deftly ignored even as Japan's trade partners watch their entire banking systems collapsing due to too many loans, too fast 'money making' via creating loans out of thin air, at 0.5%. Not to mention, forcing all Japanese savers to send their savings out of Japan in order to get any returns at all, flooding all other markets and causing clear currency dislocations that keeps the yen very weak which benefits Japanese exports.

Unusual message from Keidanren: It's time to raise wages

The Japan Business Federation (Nippon Keidanren) took the unusual step Wednesday of encouraging member firms to raise wages, emphasizing that both earnings and employee income must rise to maintain the economy's growth potential.

"Japan should seek to build an economy supported by both companies and households," the nation's most influential business lobby said in a position paper that its members customarily use as a guideline for the annual labor negotiations in spring.

The business group said it is afraid consumption might slow despite the improving employment situation because the termination of income tax breaks and a rise in pension premiums are threatening to eat into consumers' net income.

They know perfectly well, the LDP will raise taxes the minute any consumer is about to spend. This is equivalent to pounding the Japanese consumer toothpaste tube with a hammer to get the last bit of paste. Now, facing a potential collapse in the US export markets, Japan wants to keep all their industries going and this means giving the domestic consumer some spare change. But accustomed to a starvation diet, the battered Japanese consumers will probably cling to present habits and even if there is more money, not spend it to keep the industrialists running. The depression mood will be hard to change.

Japan Deficit to Widen in 2008 as Fukuda Spends More

Japan Prime Minister Yasuo Fukuda may fall short of his goal to cut the world's largest public debt, as the budget deficit widens for the first time in five years.

Spending will rise 0.2 percent to 83.1 trillion yen ($735 billion) in the year starting April 1, according to a Ministry of Finance budget proposal released in Tokyo.

The government will sell 25.3 trillion yen of new debt to help fund the deficit. Borrowing costs will probably increase as yields on 10-year notes climb more than half a percentage point to 2.05 percent, a Bloomberg News analyst survey shows.

Here it is! Does anyone notice the direct connection between super-cheap loans and huge deficits, huge debts? When Greenspan imitated Japan, the value of properties shot to the heavens. Shacks in Imperial Valley in California went for half million dollars. So it is in Japan: these super-low rates run hand in glove with huge debts. The more the debts, the more desperate for the Bank of Japan to keep rates as close to 0% as possible. So the land with the lowest rates on earth has the highest debt on earth, per capita? And the US, which has been struggling to drop rates as low as possible, is in nearly as bad condition, much of this, thanks to Japan's super-low rates bleeding into our own banking system. I see NO ATTEMPTS at ending this. NONE whatsoever. I do see a lot of misinformed people blaming China which has higher interest rates, hundreds of basis points higher than Japan, being blamed for the flood of debts engulfing us.

This makes no sense at all! China has been using sovereign wealth funds to re-invest their capitalist profits. Too much money is flooding into China! Why would they want to have more red ink when they are doing all they can to STOP this? They are increasing the reserves banks must hold, they are taxing these money flows and in all ways, are trying to cap it, slow it down, not make it worse. Meanwhile, the Japanese bankers are morbidly continuing this obvious fraud. For there is inflation in Japan. Their rates are now certainly 'underwater'. Which reminds me about tsunamis yet again.

Debt at the central and local governments will reach 776 trillion yen by March 2009, or 147.2 percent of gross domestic product, up from 772 trillion yen a year earlier, the ministry said.

The yield on the benchmark 10-year bond rose 3.5 basis points to 1.52 percent as of 5:50 p.m. in Tokyo.

While ringing up this huge debt, Japan rang up the next biggest FOREX reserves. While spending 'free' money via hyper-cheap loans, Japan has amassed a giant sovereign wealth fund which they announced, they will use to control world trade and banking. Look at the government loans! It is 102 basis pints above the fake 0.5% Bank of Japan rates! Wow! Which is only around 400 basis points below US or EU rates! The Japanese people could demand their government pay a better return on Japanese savings...no one else buys this junk. Unless they are the Chinese and are interested in strengthening the yen in order to punish Japan for trying to undercut them.

Paulson Declines to Name China Currency `Manipulator'

China avoided designation as a currency manipulator again as Treasury Secretary Henry Paulson urged the nation's officials to allow a faster pace of exchange- rate gains.

The Treasury didn't designate any of the 23 countries or regions as a manipulator, according to its semiannual review of exchange-rate policies released today in Washington.

As global monetary markets collapse, in the middle of the maelstrom, it is amazingly funny to see the Americans cease yelling at China. China has nothing to do with the mess we are in. Perhaps, due to seeing the Japanese penetrate our markets more and more as well as reaming us out, internationally, perhaps now the US is waking up and figuring out, something isn't right in Tokyo. Of course, Paulson wants the dollar to die faster vis a vis China but if we succeed in making the dollar die ever faster, we just might end up with no currency at all. Then, to do business, we would need to us German Renten Marks like the Weimar Republik issued back in the 1920's. I will note here that the world's most inflated currency, in Zimbabwe, just issued a new currency with fewer zeros, a la Weimar Republik.

Against the dollar, the yuan has appreciated about 12 percent since China's central bank ended a strict peg to the dollar in July 2005, a pace that U.S. manufacturers say is insufficient to curb China's record trade surplus.

``China should significantly accelerate the appreciation of the renminbi's effective exchange rate in order to minimize the risks that are being created for China itself as well as the world economy,'' the Treasury report said.

The pace of acceleration has risen to about 6 percent this year from 3.4 percent last year. The yuan rose 0.11 percent today to 7.3768 per dollar as of the 5:30 p.m. close in Shanghai, from 7.3852 late yesterday.

The stupid idea that trade can be manipulated via currency trade values continues. Well, we can't dictate relative value of currencies and the charming idea of committing currency hari-kari may be appealing to suicidal empires but the history of empires yells back, 'Don't DO THAT, you idiots!' And this is the problem: when empires do this, world trade and banking collapses and we are deep into a huge banking crisis which is being made much worse by our clumsy attempts at protecting our home base by cheating everyone out of their hard-earned cash.

Leap 2020, a futurist web site:

The rapid aggravation of the global systemic crisis as its phase of impact unfolds has brought our researchers to estimate that the contemporary global financial system will reach a breaking phase in the course of 2008.

Crisis follow-up indicators now show that we should no longer only fear the failure of some large financial institution (and of many small ones) in the US first and the in the rest of the world (cf. GEAB N°19), but that the global financial system itself is structurally hit.

The network of global central banks' repeated incapacity to control the « credit crunch » when the two historical pillars of the contemporary global financial system (a US economy in recession and a US dollar in decay), reflects the growing surge of centrifugal forces within this very system.

Indeed it is no more a matter of competence or of magnitude of the corrective actions implemented by central bankers. These times are over since summer 2007 and, according to LEAP/E2020, we are now witnessing an increasing divergence in economic interests among the different components of the global financial system.

I see nothing of the sort. I see desperate attempts by ALL parties to NOT diverge at all but to keep the status quo going! No one, I repeat, NO ONE wants to alter one iota of this status quo. Everyone wants the US to keep running in the red in trade, to keep the dollar pinned down as the global currency. And interest rates as low as humanly possible so they can all keep raising the M3 growth of the world, keep everything running along as much as possible. The overhead debt and accumulating 'leveraged' deals won't stop! They must go on...FOREVER. There is one divergence here: China's goal is to enmesh us in all this and then confine our power outside of Asia and indeed, Africa and South America. And maybe, even Europe. But there is no way they want any confrontation right now. They want to play on the edges, to move inside the US more and more, insidiously. They are no way, ready for things to fall apart. This is why they are not calling in their chips. But if we give Taiwan more hope of evading Chinese control, all bets are off. They will move swiftly and we will see a whirlwind of activity set in place to move us down a few hundred pegs.

But right now, they, too, want this status quo to continue. This is why NO ONE in power is yelling at the US or Japan! Both are being allowed to misbehave, the world's #1 and #2 economies are messing around with world banking and trade systems and the other nations are letting them. Not due to courtesy but because everyone likes this status quo even if Japan is messing with Europe. Though, I may see that change now that Germany is being hammered by the strong euro as the yen is artificially weak. This may be the only possible change that 2020 is muttering about. Everyone knows, if they hold more dollars, the dollar with strengthen. And Europe is doing this, increasingly, imitating Japan and China. So the banking crisis will float on this sea of dollars that won't circulate.

Japan carmakers find an opening in U.S. market on the skids

High oil prices may be driving down U.S. car sales, but Japanese automakers that depend on the U.S. market for the largest portion of their profits say the adverse conditions could present them with a business opportunity.

The spread of ecology consciousness as well as recent high gasoline prices are prompting consumers in California to buy more energy-efficient cars instead of light trucks, pickup trucks and large sport utility vehicles.

The trend is benefiting Japanese carmakers, which have had a competitive edge in compact car sales over the U.S. Big Three — General Motors Corp., Ford Motor Co., and Chrysler — carmakers and dealers in California said.

Does this sound like either Japan or the US are changing anything at all? During the 1970's to the 1990's, the US fought off the Japanese auto makers with great fury. Now, they don't bother to lift a finger. Our industries are dying but the Japanese hire US workers so they are coddled. And they know this so they stepped up imports, too. And since US corporations import their own stuff now, they won't fuss about this for it will mean their own schemes will get undone. So I keep saying, far from being a confrontation that will blow up, the status quo will continue, come hell or high water! Even a tsunami will not stop anyone! Look at Phuket, Thailand! They are filled with more tourists! Has the Australian plate ceased moving north? No?

Today, another earthquake, courtesy of Australia, hit New Zealand. Will another tsunami hit Phuket, Tailand? Of course! Just the other day, a tourist jet to that paradise from hell, crashed and burned. Yet the tourists pour in. An unending stream. And they won't stop, so long as they think the odds are, they won't be fried in a fire or washed to sea. This is the same sort of gamble world economics are played. This is called 'risk'. And the risk of change outweighs the easy money made from the status quo, even a collapsing status quo.

This is probably why there is remarkable calm at the top. They feel, they can keep this going. This is why the Bank of Japan giggles as it continues with the free money, for example. And why the US holds out it hot hands for more hand outs from Japan.

Wheat prices may increase 30% in April

Japan, Asia's biggest wheat importer, may increase prices of the grain sold to domestic flour millers by as much as 30 percent from next April after costs surged, a government official said Wednesday.

The government will make a decision in February, based on its average buying price from June to January, said Hirotaka Mori, deputy manager of the grain trading division at the Agriculture, Forestry and Fisheries Ministry. The gain would follow a 10 percent increase in October.

Inflation rages across the planet. The poor people of Japan and the workers in the US are not given cheap 1.5% loans to buy food and medicine! They pay 30% for their loans! And inflation rages! And this is where the status quo stinks, where time might run out! Strikes are spreading in Europe. In the US, there is tremendous, rising dissatisfaction. People are running scared. This winter is the first with truly frightful energy costs in the north. I no longer heat with propane, for example. I haul my old body outside and chop and cut firewood. My wood stove is running right now, next to my office. It is a hard, hard life. But what of those people who don't have woods or wood stoves? How are they, those who are on fixed incomes, surviving?

I would suggest, they are not. But the death toll has barely begun. There is snow outside and it went near zero for several days here. People are quite scared. But not our government! Our rulers seem uncommonly content. Or maybe not! Maybe someone in Cheney's office the other day was trying to heat themselves, burning documents wanted in the spying on Americans hearings in the Senate. Or maybe they were burning all the copies of CIA torture tapes which were used as entertainment there? Heh. Who knows.

Goldman, Lehman, Morgan Lift Bonuses; Bear Cuts Them

Wall Street's year-end bonuses climbed 14 percent in a year when shareholders suffered their biggest declines since 2002 and fourth-quarter earnings slumped the most in at least a decade.

Payouts rose at Goldman Sachs Group Inc., Morgan Stanley and Lehman Brothers Holdings Inc., and fell at Bear Stearns Cos. The four New York-based firms are paying $49.7 billion in salaries, benefits and bonuses this year, up from $43.5 billion in 2006, according to company reports. The bonus portion, estimated at 60 percent of the total, rose to $29.8 billion from $26.1 billion. Merrill Lynch & Co., the third-biggest securities firm, is scheduled to report 2007 results next month.

Another piece in the puzzle! Things are just happiness and glory! Who needs confrontation or change? They just want MORE CHEAP JAPANESE CARRY TRADE LOANS. Then the deals will be made, the leverage lowered upon more businesses and more cheap loans for real estate and other deals. They need to make their fees, feeding this stream of money into the Western banking system and to do this, they need to restrain the collapse which is why they are all happy and willing to do this, no matter what, so long as no one demands their money back!

A landslide in South Korea

As president Mr Lee says he will slash taxes and ease regulations in order to boost consumer spending. At a news conference the day before the poll he promised a “new era” of economic growth once he takes office in February. He even made specific predictions, suggesting that South Korea’s main stock index will rise to 3,000 one year into his presidency and will be at 5,000 when his five-year term ends. The Kospi closed at 1,861.47 on the day before the election.

The Economist thinks this is wonderful. In many countries, governments are falling. Many are being replaced with tax cutting right wingers. But then, these same places have big debts! And want free loans! So the 0% loan/tax cuts/rising debt game will not only continue but more and more people will imitate Japan and this is a disaster. For of course, this ends badly, once the party is over. But people can't see this since Japan's punishment is carefully hidden from view. I had to work hard, to peel it away. The US, Korea, Japan and Taiwan will all cut worker's wages and taxes and load up with debts and China will be most happy to assist in this suicidal project.

Moody's downgrades Bear Stearns long-term ratings to 'A2'

Moody's Investors Service downgraded Bear Stearns Cos.' long-term debt ratings to A2 from A1, citing the company's weak performance in 2007 and increased risk appetite. Moody's affirmed its Prime-1 rating on Bear Stearns' short-term debt. The ratings apply to about $80 billion in debt.

And the bad news continues. Moody's is in great trouble and so they are now rapidly downgrading everyone. This will include whole countries. They just raised China's ratings. The US is grossly overrated and so is Japan. But both governments need super-cheap loans to function and Moody's won't rock these boats for political reasons. Instead, the low interest rates will keep the debts flowing and the red ink flowing and the #1 and #2 economies, based on too much red ink, will drown in a scarlet flood.

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Comments

[EEngineer]

Elaine, today's article got double posted.

[PFO]

Hello Elaine,

Your comments as usual are spot on; however, your observation of the religious nature of ‘zero percent loans’ is somewhat misguided.

My understanding of Talmudic Law was that ‘usury’ was the sinful act of enslaving a debtor to a contract he could never fulfill. I believe the law also provided for a year of atonement every 7 and 50 years, to prevent a tsunami of debt from drowning Jewish society. Also, I remember reading these laws were observed by Jews throughout Europe well into the last century, particularly in the First Polish Republic [1480 – 1795], which granted the Jews in its territory autonomy of self-rule under these Talmudic Laws.

Thus, Jesus also taught us the parable of the servant who was forgiven a fortune by his master, yet turned on a fellow servant for a far lesser sum:

"Then the lord of that servant was moved with compassion, and loosed him, and forgave him the debt.
But the same servant went out, and found one of his fellow servants, which owed him an hundred pence: and he laid hands on him, and took him by the throat, saying, Pay me that thou owest. And his fellow servant fell down at his feet, and besought him, saying, Have patience with me, and I will pay thee all. And he would not: but went and cast him into prison, till he should pay the debt.
So when his fellow servants saw what was done, they were very sorry, and came and told unto their lord all that was done.
Then his lord, after that he had called him, said unto him, O thou wicked servant, I forgave thee all that debt, because thou desiredst me:
Shouldest not thou also have had compassion on thy fellow servant, even as I had pity on thee?
And his lord was wroth, and delivered him to the tormentors, till he should pay all that was due unto him.
So likewise shall my heavenly Father do also unto you, if ye from your hearts forgive not every one his brother their trespasses."

Naturally, we in the US and Europe think we are not the wicked servant because of our façade of Christianity. Just as naturally, God is not amused!

The re-enforcement of ‘carry-trade’ business as usual will end in a REAL, sudden and catastrophic collapse of this faux financial system, gratis the actions of the present Nazi rulers, who like that wicked servant prevent Americans from making an honest living and cast them into prison under their draconian [demonic?] credit/bankruptcy laws!

However, our Muslim and Oriental brothers understand the immutable laws of natures God and are simply fulfilling their role as masters to those wicked Nazi servants temporarily ruling Europe and the United States.

Kindest regards,
PFO

[Elaine Supkis]

You are absolutely right, PFO. BUT after all that, the Jews were pitched into this hideous Christian hell on earth. They had to let go of many things in order to survive.

SOOOOO....the Jewish laws about usury were for JEWS. Christians, declaring war on Jews, were outside the laws of Moses and the Talmud! SOOOOO....the Jews, using the new numbers from India and some Chinese trade secrets, they figured out how to do compound interest and how to charge for LENDING from HOLDINGS rather than from their own savings. In other words, if Christians wanted to save money and make money while it sat somewhere, they had the Jews give them interest on the money. Better still, the Jew would charge them for future tax collections and they didn't have to sign over their lands BECAUSE the Jews could not own land.

It is a fascinating history many people avoid out of sheer fear. But this is silly. The Jews had to survive and they used their brains to do this and bless them for that.

[PFO]

Hello Elaine,

First, Merry Christmas! May Jesus the Christ child shivering in the cold of his first Earthly home cover you and your family with the mantle of His Protection and continue to Bless you with the Power of His Wisdom & Grace, Courage & Strength, Mercy & Love!

Second, I ain't scared, let's hammer it!

I’m sorry to be a bad guest, but you are incorrect; The Laws of Natures God are made for ALL His Creation. So the Talmudic prohibition against 'Usury' is universally applicable to everyone from the 'wall street barron' to the Shepard in Kurdistan.

Therefore, the great sacrifice of our Jewish Fathers was their OBIDIENCE unto death to these immutable laws, their absolute refusal to live by the corrupt ‘codes’ of the society around them! “As for me and my house, we will serve the Lord!”

To take your points one at a time:

“the Jews were pitched into this hideous Christian hell on earth. They had to let go of many things in order to survive.

No they weren’t; they were elected in the first recorded democratic ‘vote’ in history:

“So when the people gathered together, Pilate said to them, "Whom do you want me to release for you? Barabbas, or Jesus who is called Christ?"

But the chief priests and the elders persuaded the crowds to ask for Barabbas and to put Jesus to death. Yet the governor said to them again, "Which of the two do you want me to release for you?" And they said, "Barabbas."

Pilate said to them, "Then what shall I do with Jesus who is called Christ?" They all said, "Crucify Him!" And he said, "Why, what evil has He done?" But they kept shouting all the more, saying, "Crucify Him!"

When Pilate saw that he was accomplishing nothing, but rather that a riot was starting, he took water and washed his hands in front of the crowd, saying, "I am innocent of this Man's blood; see to that yourselves."

And all the people said, “His blood shall be on us and on our children!"

BUT, the ‘Jews’ voting against Jesus did not represent the whole of the Jewish people they were faux Jews of the Herodian Sect who followed the occultic Kabalalic worship taught to their ancestors by the Babylonians and Jesus tagged them by their actions in Revelation 2:9:

“I know thy tribulation and thy poverty, but thou art rich: and thou art blasphemed by them that say they are Jews and are not, but are the synagogue of Satan.”

He also tagged them to their faces when they threw a beaten and bloody Mary Magdalene at his feet accusing her of adultery and demanding he condemn her to death under the Talmudic Law.

Declining the relish of a good legal argument [It takes two to ‘adult’, where’s the man?] Jesus simply stooped down and began writing in the dust. Imagining themselves ignored, the elder member of the temple vice squad rushed up red-faced and demanded Jesus answer them! He did by motioning to his words in the dust which read “rape & murder”.

The very sins of the man raging before him and when he saw them his rage was replaced by shock and fear, especially when he looked into Jesus eyes and saw Knowledge & Judgment. Yet, Jesus reached down and brushed the words away with His hand. When he looked again into Jesus eyes he saw only Mercy & Forgiveness and reduced to shame and contrition, dropped his stone and walked away as one-by-one did all the other members of the Kabalic synagogue accusing Mary Magdalene.

Like other authentic orthodox Jews, Jesus would also not depart from that Talmudic Law which “demands mercy, instead of great sacrifice!”

“Christians, declaring war on Jews, were outside the laws of Moses and the Talmud! SOOOOO....the Jews, using the new numbers from India and some Chinese trade secrets, they figured out how to do compound interest and how to charge for LENDING from HOLDINGS rather than from their own savings.”

Ah no; long before the advent of Christianity the Kabalic Jews learned these monetary black arts in Babylon and simply brought them home to the Greek and later Roman world. Jesus alluded to this occultic monetary practice in the parable of the three servants:

“But he that had received the one talent, came and said: Lord, I know that thou art a hard man; thou reapest where thou hast not sown, and gatherest where thou hast not strewed. And being afraid I went and hid thy talent in the earth: behold here thou hast that which is thine.

And his lord answering, said to him: Wicked and slothful servant, thou knewest that I reap where I sow not, and gather where I have not strewed: Thou oughtest therefore to have committed my money to the bankers, and at my coming I should have received my own with usury.

Take ye away therefore the talent from him, and give it to him that hath ten talents. For to every one that hath shall be given, and he shall abound: but from him that hath not, that also which he seemeth to have shall be taken away. And the unprofitable servant cast ye out into the exterior darkness. There shall be weeping and gnashing of teeth.”

Seems to me the “wicked and slothful servant” was just another member of the Kabalic synagogue, [read country-club] a poor creature not all that different from the ‘banksters’ you have so eloquently written about over the past years of your life.

And as in Jesus’ times the ‘wicked and slothful servants’ of our generation are or will shortly be shown the door.

Finally, getting back to what really matters in this most Holy & Peaceful of Seasons, it is with great love and joy, oh good and faithful servant, that I impart to you and your family and especially the woman whose life you saved this week, the Special Motherly Blessing of Gospa!

Kindest Regards,
PFO

[Elaine Supkis]

PFO, something happened after Jesus [who is more fable than human] and that is the rebellion in the Jewish province. Which the Roman dealt with very brutally. This was the infamous 'Diaspora' and many things changed after that.

One thing was, the land-owning, business-owning Jews were suddenly denied these outlets. Then a worse thing happened: the pagans who didn't care much what one did at home as long as one paid taxes and called the insane emperors 'Gods', were replaced by Christians who wanted to convert the Jews no matter what.

This terrible, evil change forced Jews to defend themselves in various ways and this was the great break: they HAD to no longer cover Christians under their laws. They had to develop a dual system whereby they had to have charity for ONLY each other and use the arts of banking on their tormentors.

I will remind everyone that the first Christian to protect Jews who were bankers and to uphold Jewish contracts was the Duke of Austria, Leopold V Babenberger, the Glorious. This was his reward for them protecting the money he got from the Richard the Lionhearted's ransom. They lent money based on this and anyone who tried to skip out on paying back the Jews was arrested by the Duke. Who could NOT do this if HE lent the money! But if the Jews under his protection lent it, HE could use his knights to collect the principal and the interest.

As I said before, the roots of European banking is not only very complex and bizarre but also, quite amusing.

[T dungan]

The picture of the 50 sen (not yen) is still just 50 sen. The red number is a serial number. And your latest posting seems it is tying Tokyo to China. Tokyo is in japan.