De grootste diefstal uit de geschiedenis van de mens: inflatie

Ben bepaald geen fan van Bill Bonner, echter het volgende artikel van zijn hand bevat (althans zeker voor mij) aardige gezichtspunten op het financiële beleid in de VS als instrument om dollars bij te kunnen drukken en daarmee de waarde van de dollar te verminderen. Zo zou de huidige dollar volgens Bonner in vergelijking met die van 1971 nog maar 3 dollarcent waard zijn……
Eén en ander is het gevolg van de ‘nieuwe dollar’ die in 1971 onder ‘tricky dick’ Nixon werd geïntroduceerd en waarbij de Fed de macht kreeg om (fiks) dollars bij te drukken en daarmee de inflatie te voeden…….. Het grootste deel van het volk in de VS begreep niet waarom hun geld destijds zo snel in waarde verminderde en gaven de schuld aan de arabieren (vanwege de hoge olieprijs), echter de energiecrisis van de 70 er jaren bracht alleen de prijs terug op het niveau van voor de grote dollar diefstal in 1971* >> de OPEC besloot minder olie te produceren, waarop de prijzen stegen naar het niveau van voor 1971…… Zie in het artikel hieronder hoe de inflatie zelfs met dubbele cijfers groeide…… (het is een studie waard om te zien wat het effect van de nieuwe dollar en de infaltie in de VS was op de Nederlandse economie en die van de ons omringende landen….)
Inflatie is zoals Bonner zegt inderdaad een instrument om mensen nog meer belasting te laten betalen, waar de winsten daarvan in de VS vooral naar de superrijken stromen…… Terwijl 50% van de onderlaag in de VS sinds 1999 30% armer is geworden, stijgen de inkomens van de welgestelden jaar op jaar……

Vergeet bij dit alles niet dat ook in de EU, ofwel bij de Europese Centrale Bank (ECB) de geldpersen al jaren overuren maken……. Een zaak die in feite de ‘EU maatschappij’ steeds verder ontwricht…….
Lees het artikel van Bonner, overigens onderdeel uit een soort ‘dagboek’, waar je de link naar het vervolg van het hieronder opgenomen artikel, onder dat artikel terugvindt. Mocht je het interessant vinden dit ‘dagboek’ te volgen, neem dan het adres van Bonner & Partners of van Money and Markets over en houdt de boel in de gaten, dit artikel nam ik over van Money and Markets:

Bonner: The Feds and the Biggest Money Heist In History

Bonner: The Feds and the Biggest Money Heist In History
Posted by Bonner & Partners | Jan 28, 2020 | News

Inflation is always and everywhere a rip-off. – Bill Bonner

BALTIMORE, MARYLAND — The nice thing about inflation, at least from the feds’ point of view, is that it doesn’t leave fingerprints.

Today’s dollar, for example, is worth only three cents of the pre-1971 dollar. But who dunnit? Who stole 97 cents out of every dollar?

New-Buck Scam

People thought the switch to a new buck in 1971 was just a “technical” move. Still do. But there was a big difference. The old dollar was a killjoy. The feds just couldn’t have much fun with it. But the new one was like an inflatable sex toy — it would go along with anything.

And when the first wave of consumer price inflation hit in the ’70s, few people understood what had happened. They thought the Arabs had pulled a fast one. But as we saw last week (catch up here and here), the First Oil Shock only returned the real price to where it had been before the feds’ funny-money printing began.

Investors didn’t notice their pockets were being picked either. In new dollars, the Dow barely moved throughout the ’70s. But it lost 92% of its real value.

And still today, only you… and we… seem to realize how the Federal Reserve’s money printing and ultralow interest rate policies (from 2009 to 2015) put $20-some trillion into the pockets of the richest people in the country.

Most people got nothing from it. And relatively, the poor got poorer as the rich got richer.
The bottom 50% of the population are actually 30% poorer today than they were in 1999 — even using the feds’ phony inflation calculator.

But does anyone blame the real culprits? Nope. They blame the Mexicans and the Chinese.

Do they vote for someone who pledges to end inflation? Or someone who calls for more of it?

It doesn’t matter whether the inflation goes into the capital markets or the consumer economy… it works the same way, like a thief in the night. And now underway is probably the biggest heist in history…

Like a Street Mugging

Milton Friedman was wrong about inflation. It is “always and everywhere a monetary phenomenon,” said he. But that misses the point of it. A shooting star is a phenomenon. So is irritable bowel syndrome; nobody is sure what causes it.

But inflation is no more a “phenomenon” than a street mugging; it is done for a reason, to transfer wealth from some people to other people. It’s a way for the feds — and their clients, cronies, and hangers-on — to get more than taxpayers are willing to give them.

If they tried to support their boondoggles and jackass programs by direct taxation alone, there would soon be mobs gathered in the Capitol, with pitch bubbling and rails at-the-ready.

But inflation?

Here at the Diary, we guess about a great number of things — always trying to connect the dots. We’ve been at it for so long, we’ve probably been wrong about most everything. We’ll get to the rest in due course.

But one thing we’re probably not wrong about is inflation. And when the Fed announced at its December 2015 meeting that it would stop inflating and “normalize” its monetary policy, we knew it was BS. Why?

With its ultralow interest rates and its quantitative easing (QE) programs, the Fed created a hothouse atmosphere. The QE program alone gave some $3.6 trillion in new money to big investors.

It was as if a very rich person in a small town bid on all the houses that came up for sale.
Prices rose. Everyone thought he had gotten richer. But take away the reckless buyer, and the market would quickly adjust to normal supply and demand pressures. Prices would fall back to “normal.”

Falling prices would cause the “wealth effect” to reverse into a “negative wealth effect.” The economy would go into recession.

Keep the Heat On

Either you keep feeding warm air into the hothouse… or the orchids die. Greenspan, Bernanke, Yellen, and now Powell — have all kept the heat on.

The last Fed chief to turn off the heat was the recently deceased Paul Volcker. He saw the “Inflate-or-Die” trap. To escape it in 1980, he raised the Fed’s key rate to 20%, cut off the hot air, and opened the windows, causing the worst U.S. recession since the Great Depression.

Naturally, politicians, economists, and the press howled and whined. A mob even burned Volcker in effigy on the Capitol steps. But inflation quickly fell, from nearly 14% in 1980 to only 3.2% in 1983.

Years before, another great Fed chief, William McChesney Martin, explained why a good central banker is more likely to be branded a villain than a hero:

In the field of monetary and credit policy, precautionary action to prevent inflationary excesses is bound to have some onerous effects… Those who have the task of making such policy don’t expect you to applaud.

Tough Love

It’s been 40 years since Volcker’s tough love. Since then U.S. federal debt has gone from under $1 trillion to $23 trillion.

The Dow, too, went from under 1,000 to over 29,000. And the people willing to support an honest central banker — traditional fiscal conservatives and Ronald Reagan — have disappeared.

As for the old conservatives, they went AWOL when Republicans realized that, in a funny-money world, “deficits don’t matter.”

William McChesney Martin died in 1998. (He was replaced at the Fed in 1970 when he resisted the new-money plotters.) Paul Volcker died late last year.

Today, Fed jefes are willing to go along with the gag, and are described by the popular press as “saving the world” (Greenspan), or “heroes” with “the courage to act” (Bernanke).

And the current U.S. president is not worried about curbing inflation. He wants more of it. Here’s the commander in chief commenting on the Fed’s brief fling with prudence:

It was a killer when they raised the rate. It was just a big mistake. And they admit to it. They admit to it. I was right. I don’t wanna be right, but I was right.

More to come…

Regards,
Bill

This article was originally published by Bonner & Partners. You can learn more about Bill and Bill Bonner’s Diary right here.

Zie ook het vervolg van dit artikel: ‘Bonner: How Paper Money Became the Means for Modern Inflation
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* In Wikipedia spreekt men bij de eerste oliecrisis in 1973 over ‘een politieke actie van de arabieren gericht tegen het westen’, terwijl de olieprijs in dollars werd en wordt weergegeven, ofwel de arabieren kregen inderdaad veel minder voor hun olie, daar de inflatie destijds zelfs met dubbele cijfers groeide, zie het artikel hierboven….. Wikipedia……
Door de inflatie van de ‘petrodollar’ (ofwel de olieprijs in dollars), was de prijs van olie op een veel lager niveau gekomen, waarop de arabieren het westen maar vooral de VS ‘de bel aanbonden’ en begonnen met de vermindering van de olieproductie, zodat de prijs omhoog ging. De olieprijs werd overigens vanaf 1971 in dollars weergegeven. (al werd ook voor die tijd vooral naar de VS gekeken wat betreft de olieprijs, daar het land eerst de grootste olieleverancier was en later tot de grootste olieproducerende landen bleef behoren)

Chavez waarschijnlijk vermoord……..

Op Information Clearing House gisteren een interview van Mike Whitney met Eva Golinger, een gelauwerd onderzoeksjournalist. Met de ‘Freedom of Information Act’ in de hand, haalde zij diverse smerige VS zaken boven tafel.

Volens Golinger is Chavez vrijwel zeker vermoord. In het interview noemt zij een aantal moordaanslagen op Chavez, tijdens de jaren van zijn presidentschap. In alle gevallen is de VS de grote boosdoener en initiatiefnemer op de achtergrond. En inderdaad, als je de buitenlandpolitiek van de VS ziet, zou de moord op Chavez maar een voetnoot zijn, bij de enorme terreur de de VS in veel landen heeft losgelaten op de bevolking…… Laatste bericht dienaangaande, was onlangs op de BBC te zien, waar in een documentaire wordt gesteld, dat het neerhalen van MH17 een complot is van de CIA, zelfs met medeweten van een Nederlandse geheime dienst……… Daarover later meer…..

Overigens is de VS zelfs op economisch gebied bezig regeringen omver te werpen, dat geldt ook voor Venezuela en Rusland. Met het massaal dumpen van olie, gas en kolen op de wereldmarkt, worden de economieën van deze landen geschaad en probeert de VS deze landen te destabiliseren, althans dat is de bedoeling, die godbetert in Venezuela is gelukt….. Intussen is de VS zelf in feite failliet en drijft het op een zeepbel, die op spanning wordt gehouden door China, de EU en Saoedi-Arabië….. Onlangs, tijdens de OPEC-top hield de VS Saoedi-Arabië met succes voor, de olieproductie niet te verminderen, wat het terroristische Saoedische bewind wel van plan was…….

Hier het verslag van het interview (voor een vertaling kan u onder dit artikel op Dutch klikken, dit neemt wel enige tijd in beslag):

The Strange Death of Hugo Chavez

An Interview with Eva GolingerBy Mike Whitney
Hugo Chavez defied the most powerful interests, and he refused to bow down….I believe there is a very strong possibility that President Chavez was assassinated.”

Eva Golinger

April 25, 2016 “Information Clearing House” – “Counterpunch“- MW– Do you think that Hugo Chavez was murdered and, if so, who do you think might have been involved?

Eva Golinger– I believe there is a very strong possibility that President Chavez was assassinated. There were notorious and documented assassination attempts against him throughout his presidency. Most notable was the April 11, 2002 coup d’etat, during which he was kidnapped and set to be assassinated had it not been for the unprecedented uprising of the Venezuelan people and loyal military forces that rescued him and returned him to power within 48 hours. I was able to find irrefutable evidence using the US Freedom of Information Act (FOIA), that the CIA and other US agencies were behind that coup and supported, financially, militarily and politically, those involved. Later on, there were other attempts against Chavez and his government, such as in 2004 when dozens of Colombian paramilitary forces were captured on a farm outside of Caracas that was owned by an anti-Chavez activist, Robert Alonso, just days before they were going to attack the presidential palace and kill Chavez.

There was another, lesser-known plot against Chavez discovered in New York City during his visit to the United Nations General Assembly in September 2006. According to information provided by his security services, during standard security reconnaissance of an event where Chavez would address the US public at a local, renowned university, high levels of radiation were detected in the chair where he would have sat. The radiation was discovered by a Geiger detector, which is a handheld radiation detection device the presidential security used to ensure the President wasn’t in danger of exposure to harmful rays. In this case, the chair was removed and subsequent tests showed it was emanating unusual amounts of radiation that could have resulted in significant harm to Chavez had it gone undiscovered. According to accounts by the presidential security at the event, an individual from the US who had been involved in the logistical support for the event and had provided the chair was shown to be acting with US intelligent agents.

There were numerous other attempts on his life that were thwarted by the Venezuelan intelligence agencies and particularly the counterintelligence unit of the Presidential Guard that was charged with discovering and impeding such threats. One other well known attempt was in July 2010 when Francisco Chavez Abarca (no relation), a criminal working with Cuban-born terrorist Luis Posada Carriles, responsible for bombing a Cuban airliner in 1976 and killing all 73 passengers on board, was detained entering Venezuela and later confessed he had been sent to assassinate Chavez. Just five months earlier, in February 2010, when President Chavez was at an event near the Colombian border, his security forces discovered a sniper set up just over a quarter of a mile away from his location, who was subsequently neutralized.

While these accounts may sound like fiction, they are amply documented and very real. Hugo Chavez defied the most powerful interests, and he refused to bow down. As head of state of the nation without the largest oil reserves on the planet, and as someone who openly and directly challenged US and Western domination, Chavez was considered an enemy of Washington and its allies.

So, who could have been involved in Chavez’s assassination, if he was assassinated? Certainly it’s no far stretch to imagine the US government involved in a political assassination of an enemy it clearly – and openly – wanted out of the picture. In 2006, the US government formed a special Mission Manager for Venezuela and Cuba under the Directorate of National Intelligence. This elite intelligence unit was charged with expanding covert operations against Chavez and led clandestine missions out of an intelligence fusion center (CIA-DEA-DIA) in Colombia. Some of the pieces that have been coming together include the discovery of several close aides to Chavez who had private, unobstructed access to him over prolonged periods, who fled the country after his death and are collaborating with the US government. If he were assassinated by some kind of exposure to high levels of radiation, or otherwise inoculated or infected by a cancer-causing virus, it would have been done by someone with close access to him, whom he trusted.

MW– Who is Leamsy Salazar and how is he connected to the US Intelligence Agencies?
Eva Golinger– Leamsy Salazar was one of Chavez’s closest aides for nearly seven years. He was a Lieutenant Colonel in the Venezuelan Navy and became known to Chavez after he waved the Venezuelan flag from the roof of the presidential guard’s barracks at the presidential palace during the 2002 coup, as the rescue of Chavez was underway. He became a symbol of the loyal armed forces that helped defeat the coup and Chavez rewarded him by bringing him on as one of his assistants. Salazar was both a bodyguard and an aide to Chavez, who would bring him coffee and meals, stand by his side, travel with him around the world and protect him during public events. I knew him and interacted with him many times. He was one of the familiar faces protecting Chavez for many years. He was a key member of Chavez’s elite inner security circle, with private access to Chavez and privileged and highly confidential knowledge of Chavez’s comings and goings, daily routine, schedule and dealings.

After Chavez passed away in March 2013, because of his extended service and loyalty, Leamsy was transferred to the security detail of Diosdado Cabello, who was then president of Venezuela’s National Assembly and considered one of the most powerful political and military figures in the country. Cabello was one of Chavez’s closest allies. It should be noted that Leamsy remained with Chavez throughout most of his illness up to his death and had privileged access to him that few had, even from his security team.

Shockingly, in December 2014, news reports revealed that Leamsy had secretly been flown to the US from Spain, where he was allegedly on vacation with his family. The plane that flew him was said to be from the DEA. He was placed in witness protection and news reports have stated he is providing information to the US government about Venezuelan officials involved in a high level ring of drug trafficking. Opposition-owned media in Venezuela claim he gave details accusing Diosdado Cabello of being a drug-kingpin, but none of that information has been independently verified, nor have any court records or allegations been released, if they exist.

Another explanation for his going into the witness protection program in the US could include his involvement in the assassination of Chavez, possibly done as part of a CIA black op, or maybe even done under the auspices of CIA but carried out by corrupt elements within the Venezuelan government. Before the Panama Papers were released, I had accidentally discovered and was investigating a dangerous corrupt, high level individual within the government, who Chavez had previously dismissed, but who returned after his death and was placed in an even more influential, powerful position. This individual also appears to be collaborating with the US government. People like that, who let greed obscure their conscience, and who are involved in lucrative criminal activity, could have also played a role in his death.

For example, the Panama Papers exposed another former Chavez aide, Army Captain Adrian Velasquez, who was in charge of security for Chavez’s son Hugo. Captain Velasquez’s wife, a former Navy Officer, Claudia Patricia Diaz Guillen, was Chavez’s nurse for several years and had private, unsupervised access to him. Furthermore, Claudia administered medicines, shots and other health and food-related materials to Chavez over a period of years. Just one month before his deadly illness was discovered in 2011, Chavez named Claudia as Treasurer of Venezuela, placing her in charge of the country’s money. It’s still unclear as to why she was named to this important position, considering she had previously been his nurse and had no similar experience. She was dismissed from the position right after Chavez passed away. Both Captain Velasquez and Claudia appeared in the Panama Papers as owning a shell company with millions of dollars. They also own property in an elite area in the Dominican Republic, Punta Cana, where properties cost in the millions, and they have resided there since at least June 2015. The documents show that right after Chavez passed away and Nicolas Maduro was elected president in April 2013, Captain Velasquez opened an off-shore company on April 18, 2013 through the Panamanian firm Mossack Fonesca, called Bleckner Associates Limited. A Swiss financial investment firm, V3 Capital Partners LLC, affirmed they manage the funds of Captain Velasquez, which number in the millions. It’s impossible for an Army Captain to have earned that amount of money through legitimate means. Neither him nor his wife, Claudia, have returned to Venezuela since 2015.
Captain Velasquez was especially close with Leamsy Salazar.

MW– Can you explain the suspicious circumstances under which Salazar was flown out of Spain to the safety of the United States on a plane belonging to the Drug Enforcement Administration (DEA)? Doesn’t that strike you as a bit strange? At the very least, this suggests that Salazar was acting as an agent for a country that is openly hostile towards Venezuela? That makes him either a collaborator or a traitor. Do you agree?

Eva Golinger– Of course it was highly suspicious that Salazar was flown out of Spain, where he was allegedly on vacation with his family, and taken to the United States on a DEA plane. There is no question that he was collaborating with the US government and betrayed his country. What remains to be seen is what his exact role was. Did he administer the murderous poison to Chavez, or was it one of his partners, such as Captain Velasquez or the nurse/treasurer Claudia?

While this all may sound very conspiracy theory-ish, these are facts that can be verified independently. It is also true, according to declassified secret US documents, that the US Army was developing an injectable radiation weapon to use for political assassinations of select enemies as far back as 1948. The Church Commission hearings into the Kennedy Assassination also uncovered the existence of an assassination weapon developed by CIA to induce heart attacks and soft-tissue cancers. Chavez died of an aggressive soft-tissue cancer. By the time it was detected it was too late. There is other information out there documenting the development of a “cancer virus” that was going to be weaponized and allegedly used to kill Fidel Castro in the 1960s. I know most of that seems like science fiction, but do your research and see what really exists. I don’t believe everything I read either. As a lawyer and investigative journalist, I need hard evidence, and multiple, verifiable sources. Even if we just go on the official US Army document from 1948, it’s a fact that the US government was in the process of a developing a radiation weapon for political assassinations. More than 60 years later we can only imagine what technological capacities exist.

MW– Can you explain why the DEA was involved in this operation and not the CIA as many would expect?

Eva Golinger– I think CIA was involved. They work together on high-profile political cases, and they were operating out of the Intelligence Fusion Center in Colombia together. Why it was DEA and not CIA that brought Leamsy Salazar to the US has not yet been revealed, but I don’t think that means the CIA wasn’t involved in the whole operation.

MW– On a personal note, Hugo Chavez was a giant among men and a real hero. Would you please tell us what his loss has meant to you personally and how his death has impacted the people of Venezuela?

Eva Golinger– The loss of Hugo Chavez has been crushing. He was my friend and I spent nearly ten years as his advisor. The void he has left is impossible to replace. Despite his human flaws, he had a huge heart and genuinely dedicated himself to build a better country for his people, and a better world for humanity. He cared deeply about all people, but especially the poor, neglected and marginalized.
There is a picture taken of Chavez by a bystander, when he had been at an event in the center of Caracas and was walking through a large plaza that had been cleared by security. All of a sudden, he saw a young man, disheveled and seemingly on drugs, barely able to keep himself upright, wearing ragged clothes. To the horror of his security guards, Chavez went over to him and lovingly put his arm around him and offered him a cup of coffee. He didn’t judge the poor guy or reprimand him, or show disgust. He treated him like a fellow human being who deserved to be seen with dignity. He stayed there with him for a while, just telling stories and chatting like old friends. When he had to go, he told one of his guards to offer the man whatever help he needed.

There were no cameras there, no TV, no public. It wasn’t a publicity stunt. It was genuine, sincere care and concern for a fellow human in need. Despite being president and a powerful head of state, Chavez always saw himself as an equal to all people.

His unexpected death has had a tragic toll on Venezuela. Sadly, those he left in charge have been unable to manage the country through this difficult times. A combination of corruption and external sabotage by opposition forces (with foreign support) has crippled the economy. Mismanagement has been widespread and destructive. US agencies and their allies in Venezuela have seized the opportunity to further destabilize and destroy all remaining remnants of chavismo. Now they are trying to tarnish and erase Chavez’s legacy, but I believe this is an impossible task. Even if the current government doesn’t survive the vicious attacks against it, Chavez’s memory in the millions of people he impacted and improved the lives of, will weather the storm. “Chavismo” has become an ideology founded on principles of social justice and human dignity. But do people miss him terribly? Yes.

Eva Golinger is winner of the International Award for Journalism in Mexico (2009), named “La Novia de Venezuela” by President Hugo Chávez, is an Attorney and Writer from New York, living in Caracas, Venezuela since 2005 and author of the best-selling books, “The Chávez Code: Cracking US Intervention in Venezuela” (2006 Olive Branch Press), “Bush vs. Chávez: Washington’s War on Venezuela” (2007, Monthly Review Press)

Since 2003, Eva has been investigating, analyzing and writing about US intervention in Venezuela using the Freedom of Information Act (FOIA) to obtain information about US Government efforts to undermine progressive movements in Latin America.


Mike Whitney – lives in Washington state. He is a contributor to Hopeless: Barack Obama and the Politics of Illusion (AK Press). Hopeless is also available in a Kindle edition. He can be reached at fergiewhitney@msn.com.

Click for Spanish, German, Dutch, Danish, French, translation- Note- Translation may take a moment to load.

Zie ook: ‘VS steunt rechtse coalitie (MUD) in Venezuela………

en: ‘Venezuela moet en zal ‘verlost’ worden van Maduro, met ‘oh wonder’ een dikke rol van de VS en de reguliere westerse media

en: ‘What Mainstream Media Got Wrong About Venezuela’s Constituent Assembly Vote‘ (met mogelijkheid tot directe vertaling)

Voor meer berichten n.a.v. het voorgaande, klik op één van de labels, die u onder dit bericht aantreft, dit geldt niet voor de labels: C.Abarca, Carriles, Golinger en L. Salazar.