Paul Krugman is seriously an absolute tool for the Central Bankers and Federal Reserve!
He is using the Cyprus stealing of money by the EU as a reason to start Capital Controls in the U.S. to stop foreign money from coming in and U.S. money going out. After all, he says that is what has caused all of our bubbles and caused Cyprus' problem.
He calls it "Cross Money Controls" not what it actually is which is the government controlling everything you do with your money, since they really believe it is theirs or the banks.
This is the most ridiculous argument I have ever read. Yet, Huffington Post always promotes him and his articles.
Portions:
Whatever the final outcome in the Cyprus crisis — we know it’s going to be ugly; we just don’t know exactly what form the ugliness will take — one thing seems certain: for the time being, and probably for years to come, the island nation will have to maintain fairly draconian controls on the movement of capital in and out of the country.
It wasn’t always thus. In the first couple of decades after World War II, limits on cross-border money flows were widely considered good policy; they were more or less universal in poorer nations, and present in a majority of richer countries too.
Over time, however, these restrictions fell out of fashion. To some extent this reflected the fact that capital controls have potential costs: they impose extra burdens of paperwork, they make business operations more difficult, and conventional economic analysis says that they should have a negative impact on growth (although this effect is hard to find in the numbers).
What’s the common theme in these episodes? Conventional wisdom blames fiscal profligacy — but in this whole list, that story fits only one country, Greece. Runaway bankers are a better story; they played a role in a number of these crises, from Chile to Sweden to Cyprus. But the best predictor of crisis is large inflows of foreign money: in all but a couple of the cases I just mentioned, the foundation for crisis was laid by a rush of foreign investors into a country, followed by a sudden rush out.
Now what? I don’t expect to see a wholesale, sudden rejection of the idea that money should be free to go wherever it wants, whenever it wants. There may well, however, be a process of erosion, as governments intervene to limit both the pace at which money comes in and the rate at which it goes out. Global capitalism is, arguably, on track to become substantially less global.
And that’s O.K. Right now, the bad old days when it wasn’t that easy to move lots of money across borders are looking pretty good.
So there you have it. Him calling for a control of all aspects of what "We the People" would be allowed to do with our money!
Update - 3/26/13 - Jim Willie Interview about Cyprus
I'm shocked! Who would think yet another Jew (Krugman) would advocate locking down people's money?
ReplyDeleteMark these words, when - not if - we have armed drones in America, when we have martial law, gun grabs, speech limits, take down of the net & gulags reminiscent of what the same tribe did in the 20's & 30's in Russia, it will be crafted by the same group of control freaks who can never rest until non-Jews are in chains serving them.
Doubt this? Look at the NDAA (Levin), look at DHS, Patriot Act (dual citizen Lieberman), look at the attempt at an internet killswitch (FCC chief & Talmudic Jew Julius Genachowski) & all of the gun grabbers currently working on rendering us defenseless against the next brutal phase of our national transition.
In fact, Abe Foxman of the ADL is working on making these very words illegal!
Absolutely a tool. The NYTimes is controlled by FBI/NSA mockingbird programs and the government bailed them out in 2008-2009. They lose huge amounts of money every quarter, but remain in business. As does the Washington Post.
ReplyDeleteKrugman owes his nobel prize in economics to the Swedish Central Bank which established that prize quite clearly as a means to rationalize their fiat currency grift using the central banking debt as money scam.
He is not witless, just a tool.
The NYTimes is absolutely worthless as an information source.
Just go to the great websites which destroy and/or just acknowledge Krugman as the joke that he is.
One of the best sites is
www.zerohedge.com but there are many others.
Does Kruman mean well? Absolutely not.
He and Niall Ferguson (two of the worst) are butt boys for the Rothschild/Rockefeller central banking fraud and they try to fool the masses.
Pretty sad.
Soros was/is a master of moving large chunks on money into a a poor nation(ie Indonesia), revving up the economy, then yanking it out, collapsing the economy. Then go back in and buy up assets for pennies. Wash, rinse, repeat. BTW, Soros is the jerk who made Obama.
ReplyDeleteFresh money can only come from outside the country but in order for that to happen you must give them something in return and that means EXPORT, but sinse we have nothing to export that means no fresh money..... "No Export = No Recovery"... Ponce
ReplyDelete"We are living from the fruit trees of past generation and not from one of our own" ... Ponce
V
I agree that one should be wary of the financial opinions of Jews who seem to enjoy the fruits at the disposal of organized Jewry (Nobel prize, New York Times pulpit, Princeton professorship). But one has to consider on its merits the possibility that the man is talking sense and is sincere. You might like to see a helpful article about the nature of money by John Hotson, a retired Canadian professor of economics, at http://livingeconomiesforum.org/1996/15hotson. There are points of similarity with what Krugman is saying.
ReplyDeleteIsnt this the very OPPOSITE of 'globalization' and the free flow of capital that they pushed with NAFTA etc? Funny how few remember their slogans, and almost never call them on it or use it against them
ReplyDelete