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mathematically perfected economy™ (MPE™)    1  :   the singular integral solution of  1) inflation and deflation,  2) systemic manipulation of the cost or value of money or property, and  3) inherent, artificial multiplication of debt into terminal systemic failure;    2  :  every prospective debtor's right to issue legitimate promises to pay, free of extrinsic manipulation, adulteration, or exploitation of those promises, or the natural opportunity to make good on them;    3  :  our right to certify, to enforce, and to monetize industry and commerce by this one sustaining and truly economic process.

MORPHALLAXIS, January 14, 1979.

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 Post subject: Would this be the beginning of the end?
PostPosted: 03 Dec 2008, 3:59 pm 
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TOKYO - Japanese economists, increasingly concerned that the United States might seek to pay its enormous and growing debt obligations in a weakened US dollar, are looking to the possibility of US Treasuries being issued in yen.

The US government needs to borrow at least US$1 trillion in the coming year, excluding the US Treasury's $700 billion plan to bail out the financial and other industries, said Kazuo Mizuno, chief economist in Tokyo at Mitsubishi UFJ Securities Co, a unit of Japan's largest publicly traded lender by assets. That amount is likely to grow as the US government continues to rescue failed parts of the economy and has to raise more debt - that is, issue government bonds, or Treasuries - to fund such rescues.

Since 2004, when the amount of the government bond issuance reached an annual average of $400 billion, 94% of new buyers of US government bonds have been foreigners, Mizuno told Asia Times Online. One measure of the increased concern at the ability of the United States to finance its enormous deficits in the future is the rising cost of credit default swaps bought as protection of Treasury debt. These traded near a record high on Tuesday, with benchmark 10-year contracts on Treasuries increased to 42 basis points, or 0.42 percentage points, from around 20 in early September. The contracts have also risen from below two basis points at the start of the credit crisis in July 2007.

One measure of the increased concern at the ability of the United States to finance its enormous deficits in the future is the rising cost of credit default swaps bought as protection of Treasury debt. These traded near a record high on Tuesday, with benchmark 10-year contracts on Treasuries increased to 42 basis points, or 0.42 percentage points, from around 20 in early September. The contracts have also risen from below two basis points at the start of the credit crisis in July 2007.

While it remains unlikely that the US government will default on its debt, a weaker dollar would ease the burden of payment on existing debt. Yen-denominated US Treasuries would reduce currency risks for Japanese and Chinese buyers of US Treasuries," said Fukui. "If concerns over US Treasuries continue to grow, no one will want to buy them. Yen-denominated US Treasuries would make it easy for foreign investors to buy them."

http://www.atimes.com/atimes/Japan/JK19Dh01.html


If this were to occur, the US would be forced to borrow real money, which I think would require us to balance our trade deficit. And, this would make additional deficit spending more difficult to finance - we would have to run a real economy like every other nation.

I think this may be a good thing as our corrupt politicians and the predatory Federal Reserve Banks have no discipline - someone or something needs to stop them before they collapse our economy. The problem however; I think this would collapse our currency. And, it would be the end of the mighty dollar's status as the global reserve currency.




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 Post subject: Re: Would this be the beginning of the end?
PostPosted: 12 Dec 2008, 12:00 am 
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Joined: 24 Jan 2008, 8:33 pm
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Larry,

I agree this may be a good thing, primarily because it exposes the falsified integrity of both currencies. You can't blame the Japanese (Chinese, etc.) people — if indeed it were the people — from hoping to collect the debts they've purchased — at least in some semblance of real wealth. Their present interest at the eleventh hour however exposes them as partners in the dispossession not only of the American people, but of their own. After all, the "central bankers" of the world basically impose the same system everywhere; and the only ostensible reason for effectively issuing our debt through a "foreign" "bank" is the purposed obfuscation/confusion which results, and the powerlessness Americans or other peoples will feel in attempting to determine how to resolve this result of multiplication of debt, and obfuscation of the necessary source of money.

Japan was only seemingly blessed for many years from the early 80s on, in that "their" central bank maintained prime rates consistently below "ours." This greatly assisted their industrial development over the long run of course, because it minimized their costs. The same advantage of course is gained by minimizing the rewards shared with labor and so forth. But in any case, if U.S. Treasuries can be issued in Yen, further increasing the debt of the U.S. people to "Japan" (the "central bank" "of" Japan)... well, I don't know. As we were saying the other evening, America's ire should have begun to peak long ago.

What we have before us then is the proving ground of what magnitude, Congress, SCOTUS, and Executive after Executive will together betray the American People. I suppose the best we can do is to continue to point out how destructive the imposed "monetary system" is.




mike


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"When the freedom they wished for most was the freedom from responsibility, then Athens ceased to be free, and never was free again."



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 Post subject: Re: Would this be the end and a new beginning?
PostPosted: 12 Dec 2008, 8:37 pm 
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I agree this may be a good thing, primarily because it exposes the falsified integrity of both currencies. You can't blame the Japanese (Chinese, etc.) people — if indeed it were the people — from hoping to collect the debts they've purchased — at least in some semblance of real wealth.


You hit a good point here - we have taken their products and may, in the long run pay in deflated dollars. But yet, the Japanese and Chinese governments have deflated their currencies in years past to grow a favorable trade balance which has dangerously coupled with our economy/currency with theirs. Japan had also developed a profitable "carry trade" which was unfair to the real markets.

Which leads me to a question...that I will post in another category...viewtopic.php?f=43&t=241&start=0&st=0&sk=t&sd=a




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While 12,000 homes a day continue to go into foreclosure, mathematically perfected economy™ would re-finance a $100,000 home with a hundred-year lifespan at the overall rate of $1,000 per year or $83.33 per month. Without costing us anything, we would immediately become as much as 12 times as liquid on present revenue. Transitioning to MPE™ would apply all payments already made against existent debt toward principal. Many of us would be debt free. There would be no housing crisis, no credit crisis. Unlimited funding would immediately be available to sustain all the industry we are capable of.

There is no other solution. Regulation can only temper an inherently terminal process.

If you are not promoting mathematically perfected economy™, then you condemn us to monetary failure.



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