TLS Blog

Financial Permaculture Report Oct 2 2009

A Financial Permaculture workshop was held last week in Hohenwald, Tennessee. It was a scaled back version from last year due to time constraints and our attention being paid to the rapidly changing global and national financial crisis. We live in unprecedented times and our government, business leaders, and corporate media, the people we have been told we could count on, continue to lie, misrepresent and shy away from true reform.
It was concluded at our meeting that the 2 most important actions to take are to continue to educate people to the fact that we are all being “gamed” by the powers that be and take all steps necessary to “decentralize” our own lifestyles and financial investments. All investments we have based in dollars will continue to be worth less and less as inflation will take hold with a vengeance by 2011.
The Federal Reserve chairman Ben Bernanke had the audacity to declare last week that the “recession” may be over. Here are the facts from the Ambrose-Pritchard report out of London. “Private credit is contracting on both sides of the Atlantic. Emergency schemes that have propped up spending are being withdrawn, gently or otherwise. Unemployment benefits have masked social hardship until now, but these are starting to expire with cliff-edge effects.
Car sales were up 28 % in August, but only by stealing from the future. The Center for Automotive Research says sales will fall by a million next year.
If you look at the sheer scale of global stimulus this year, what shocks is how little has been achieved. China’s exports were down 23 % in August, Japan’s were down 36%, industrial production has dropped by 23% in Japan, 18% in Italy, 17% in Germany, 13 % in France and Russia, and 11 percent in the US.
US bank loans have been falling at an annual pace of almost 14% since early summer. There has been nothing like this in the USA since the 1930s.”
The Telegraph in London has a report on the G20 meeting.
The G20 nations representing 80% of the world’s economic activity met in Pittsburgh last week. President Obama declared, “The G20 has taken bold and concerted action to forge a new framework for strong, sustainable and balanced growth. Tough new regulations have been agreed on to prevent another global financial crisis.” Obama’s oratory was typically impressive. He has a black preacher’s gift of expression and a Harvard lawyer’s education. The trouble is, it wasn’t true. No specific rules on banks’ capital reserves were announced at this summit. No caps on bank deposit leverage were agreed to. There was no debate on drafting a new Glass-Steagall act, the Depression-era firewall between retail and commercial banking. Until we get that, our large banks will remain replete with systemic risk. The lack of questioning of the status quo was spectacular.
What they did do was to protect the financial vested interests –above all–the big investment banks– from the damage caused by their deeply irresponsible use of derivatives and debt. “We will avoid any premature withdrawal of the stimulus,” said the G20 communiqué. Translation: The Anglo-Saxon world will continue to print money and borrow like crazy.
“We have brought the global economy back from the brink,” Obama declared at Pittsburgh. No, Mr. President, Incrementally, you’ve pushed it back to the edge.
The next 3-6 months are critical for Americans to understand what the hidden wealthy class
have in mind….

The Solari Report says, “For the insiders to both keep stolen resources and keep the slow burn going, they must engineer a fundamental change in our governance structure. This, indeed, is the real goal of proposed state and national legislation and international regulation promoting unprecedented central control of our economy and society. Health “reform” and food “safety” are not about helping people. “Cap and trade” is not about helping the environment. They are Trojan Horses designed to engineer support for greater central control from various constituents who cannot fathom the nature and goals of our leadership.
Real solutions will come from outside the machinery. Withdrawing from the machinery to preserve our health and assets is a first step. The more people who understand this, the easier it is for us to quietly organize and take effective action.”

Filed under: Uncategorized on October 1st, 2009