Economy slowing after solid growth

[mara-boo]

[WASHINGTON (Reuters) - The U.S. economy expanded briskly in the third
quarter on a wave of consumer spending, the Commerce Department confirmed on
Friday, but growth is forecast to slow sharply in the closing months of the
year.]

Ok, it does not take a rocket scientist to figure out that THINGS ARE BAD!
The question is, how much worse will they get?

The best way to understand the economy is to think of it as a horse. This
economic ''horse'' has four legs: (1) Government spending, (2) Business
spending, (3) Consumer spending, and (4) eBay. If you remove any one of
these legs, the horse will run slower; if you remove two, the horse, which
is not a complete idiot, will bite you on the arm and attempt to hop away,
generally in a circular pattern.

In case you din't notice, the U.S. economy is now teetering on one leg,
which is: consumer spending. Despite the fact that their financial outlook
is dire, American consumers are still buying things, and for a very sound
economic reason.

[Consumer spending, which fuels two-thirds of national economic activity,
increased at a 4.2 percent annual rate in the third quarter, a touch
stronger than the 4.1 percent rate estimated a month ago and more than twice
the second quarter's 1.8 percent pickup. - REUTERS]

credit cards and debt

[Gość: mishy]

the only problem is that they are not really spending, they are borrowing
and the credit card crunch is coming big way in January.
One more little detail, most of the spendinfg is done on a bargain hunting
basis where the overpriced branded goods are not generating as much
revenues as the cheap'o Made in China replicas, which in turn makes the
domestic industry suffer. That is true for most Western European
economies now, probably so in America too?

a quality topic for discussion finally, so why is the room empty?

and BTW, how come you've not offered your own opinion on the subject,
mara-booooooo?

I say, all you retail junkies throw the credit cards away and put your money
on GOLD or if you've got guts pick up some bargains from the bottom of
the stockmarket sewer for big big returns in 2003.

www.polskishop.com/23_12_02.htm

[Gość: chickenShorts]

Gość portalu: mishy napisał(a):

> the only problem is that they are not really spending, they are borrowing
> and the credit card crunch is coming big way in January.
> One more little detail, most of the spendinfg is done on a bargain hunting
> basis where the overpriced branded goods are not generating as much
> revenues as the cheap'o Made in China replicas, which in turn makes the
> domestic industry suffer. That is true for most Western European
> economies now, probably so in America too?
>
> a quality topic for discussion finally, so why is the room empty?


It requiers longer attention span and..."We live in an age of partial
attention."



> and BTW, how come you've not offered your own opinion on the subject,
> mara-booooooo?

Ha, ha, ha...


> I say, all you retail junkies throw the credit cards away and put your money
> on GOLD or if you've got guts pick up some bargains from the bottom of
> the stockmarket sewer for big big returns in 2003.

Never put your money on Gold!!! Just as valid a tip! And I can justify mine
by adding: because there is too much of it!
The only sound advise - be careful! Remember - raz pod wozem, raz
nawozem!!!

I am off to Lourdes, to pray for you, sinning lot...
Merry Xmass

PS Mishy, enjoy... your eating, drinking and being... Mary(black stockings and
all...) hahaha

[mara-boo]

Gość portalu: mishy napisał(a)
>
> and BTW, how come you've not offered your own opinion on the subject,
> mara-booooooo?

++++++++++++++

But I did, if you did not notice, my rendition is about the horse with four
legs.... it starts with "Ok, it does not take a rocket scientist to figure out
that THINGS ARE BAD!
The question is, how much worse will they get?

The best way to understand the economy is to think ..." and so on.

Can't agree with you more on that cheap Chinese take. It looks like
the 'gooks' are weaning the global (economic) war after all. And as to the
shining gold ... I think that Shorts is right, on that one.
Credit cards, a sore subject for many but 'moi'. Have about a dozen of them,
used may be three, in as many years. My wife and I are the frugal kind so we
always pay them off at once, including recent trip to Hawaii for 3. That was
our honeymoon, 5 years late, with no interst as you see.

Now, off to eBay I go. So Marry Christmass y'all and... don't get run over by
the Reindeer.

great stuff ebay and the lot..

[Gość: mishy]

I should not bite the hand that ..etc, but tell me how is it that ebay auctions
can set you back about on average 20% more than the usual online
retailers like, let's say Argos, Comet, even Amazon and definitely Loot?
The horse? Nice one.
Go ahead "wean" yourself off the branded luxuries, go for the Chinese, I
was not being derogatory, they are winning the war for your money and
your pocket is winning too.
As far as the precious metals are concerned, of course ironically, it
usually takes a few analysts to drop a magic word and the herd flocks into
Gold and Properties, buing in at the very top of mega-inflated prices
while..you know it ..the visionary millionaires of the future are digging for
pearls at the bottom of the chewed over and spat out mess of the Stock
Market.

Have been overdosing on M. Moore recently, the furious guru says there is
no problem in world economy of such apocalyptic proportions really.
There's simply scare-mongering of the Establishment weary of the
ordinary folk reaching out to take a share in the wealth they wallow in and
hardly helped to produce. Likely but there's more to it , I know. Huh? Bird
of a red feather, you should like that in between religious frenzy and kinky
thoughts?

And finally I see CONTENT triumphant over FORM and SPELLING, the
GW Forum Gods tumbled. Well done. Did I dare to have a few typo's slip
in? Ouch!
Bird!
This is a NO-FLY ZONE!
bugger off domestic fowl, out on a run

A Piece of Good Advice

[Gość: Bert]

Dear Mr. Chairman:

If you are still sitting in the Oval Office and taking
suggestions on how to undo the financial mess we are in,
here is the advice what to do.
At first, you will reject this advice off hand as too
radical, if not downright revolutionary. Only when you
give it a long second thought you will realize it is a
perfectly rational solution without equally rational
alternative. It is based on very simple proposition that
there is no substitute for getting done what needs to be
done.
You begin from preempting broadcasting programs all
across the nation for one minute one Friday afternoon to
announce that all exchanges will be closed on the
following Monday, because on Sunday afternoon you will
deliver very important address to the nation that will
change our whole way of life. This short announcement
should run every hour on all broadcast media outlets
until Sunday afternoon, and as a last minute headline in
all print media outlets on Saturday and Sunday.
On Sunday afternoon, you should announce your reforms in
very relaxed, business-like, non-dramatic manner. What
follows is a raw draft of your speech.

Good Afternoon,
If you are standing, please sit down. (Instead, all the
people will stand up and come closer to their TV screens.)
When the choice must be made between the reigning evil
and the suppressed good, there is no substitute for
throwing the evil away and bringing the good in.

Effective immediately, the Federal Reserve notes,
commonly referred to as paper dollars, are declared null
and void, and are no longer the official currency of this
country.
Because the total face amount of all these paper dollars
now in circulation within the United States is about ten
times greater than the total face amount of all coins,
the paper dollars can be instantly replaced with the
existing coins, provided the value of the coins is
increased tenfold.
How can this be accomplished? By converting all prices,
wages and accounts into cents, and dividing them by ten.
And so, my fellow Americans, all the prices are divided
by ten and are payable in cents only.
All the wages and salaries are divided by ten and are
payable in cents only. All the bank accounts are divided
by ten and all the payments are to be made in cents only.
All the debts are divided by ten and are payable in cents
only. All the taxes are divided by ten and are payable in
cents only. All the pensions are divided by ten and are
payable in cents only. Everything and anything with a
dollar sign in front of it is divided by ten and is
payable in cents only.

The exchange of the old money (paper dollars) into the
new money (coin cents) is automatic, and the transition
period will end at the strike of midnight on Monday night.
During this one day transition period, both paper dollars
and coins at their new value may be used interchangeably,
for example, a copy of the New York Times can be paid for
with one dollar in paper or 10 cents in coins on Monday,
but from Tuesday on, only 10 cents in coins will be the
proper payment. All paper dollars not deposited on Monday
by midnight deadline in banking institutions for credit
in cents at the rate of 10 cents for each dollar shall
not be accepted as payment from Tuesday on.

From now until midnight Monday, all the border crossings
shall be closed, all inter-bank wire transfers shall be
suspended, and no international flights will be allowed
into the United States except those now in the air.

It would make little sense to scrap the Federal Reserve
paper dollars while leaving the Federal Reserve System in
place so it would produce counterfeited cents in place of
counterfeited dollars.
The Federal Reserve banks are hereby declared to be on
indefinite holiday, and the Secret Service, which has
jurisdiction over investigating the cases of
counterfeiting, was instructed to put padlocks on all of
them under the official seal of the President of the
United States. The proposed legislation to repeal Federal
Reserve Act as amended, shall be submitted to Congress
first thing tomorrow morning. This legislation calls for
transfer of the Fed's entire "estate" to the US
Department of the Treasury, whose primary duty now it
shall be to see to it that unearned currency is never
reintroduced again.
It would also make little sense to scrap the paper dollar
and the Federal Reserve producing it, while leaving your
credit cards intact, so you could produce unearned money
yourself.
For this reason, indefinite moratorium is declared on
credit card payments, and the new legislation shall be
submitted to Congress in the morning, to make charging
the purchase of anything into non-existing funds a felony
equal to passing bad checks. If you like to use your Visa
or Master Card, first apply for a loan, deposit the loan
proceeds into your bank account, and then use your Visa
or Master Card to your heart's content as a debit card,
charging your purchases to the money you actually have in
your account. Creating new money out of thin air after
the fact just to make good your plastic "payments" with
non-existing money is over.
But you will be happy to hear that the proposed credit
card legislation calls for uniform, statutory discharge
in bankruptcy of all existing credit card debt. Whatever
you bought so far with your credit cards is yours to
keep, and you won't have to repay anything on your
terminated credit cards accounts.
So far, but no further.
All your other debts whether secured by public filings,
such as mortgages, liens, etc, or plain unsecured debts
are still valid and enforceable.
Scrapping the fiat dollars, the Federal Reserve System
and the credit cards would still be insufficient to kill
the fiat money regime, if the Federal debt in the form of
Treasury bills, Treasury notes and Treasury bonds was not
declared null and void either. These bills, notes and
bonds are simply the counterfeited fiat dollars earning
interest.
Ordinarily, interest is the price of liquidity. If you
prefer to keep your wealth in perfectly liquid form, you
keep it in the form of cash and your cash earns no
interest. To earn interest you must exchange your cash
for less liquid assets, and the less liquid the asset the
higher the interest rate you earn. Under the fiat dollar
regime, Treasury bills, notes and bonds allowed one to
keep one's wealth in perfectly liquid form and still earn
interest by courtesy of the American taxpayers. And to
add the proverbial insult to injury, these obligations
were originally paid for not in earned money but in
unearned money, the counterfeited money, created out of
thin air by a few keystrokes on Alan Greenspan's computer
at the Fed.
Now the question is, may we in effect confiscate all that
counterfeited wealth without violating the Constitution
of the United States, which provides in the Fifth
Amendment: "No person shall be... deprived of life,
liberty, or property, without due process of law; nor
shall private property be taken for public use, without
just compensation. "And the answer is: Yes, we may,
because it is a counterfeited wealth. When you are found
in possession of a counterfeited 100-dollar bill, that
bill is subject to confiscation without compensation,
notwithstanding that you received it in the course of
regular commerce, and without notice that it was in fact
counterfeited.

The stock exchanges will remain closed indefinitely, and
proposed legislation shall be submitted to Congress
tomorrow morning to close them for good, and to establish
a rule that corporate stock shall from now on be always
purchased directly from the issuing corporations, subject
to express warranties as to its book value, and redeemed
by the issuing corporations in a manner similar to
redemption of shares of money market mutual funds.
Internet technologies provide sufficient
instrumentalities for executing such st

A Piece of Good Advice cont.

[Gość: Bert]

Internet technologies provide sufficient
instrumentalities for executing such stock transactions
instantaneously. The rigged casinos, known as stock
exchanges, will never reopen. They are history.
An amendment to the Constitution of the United States
abolishing personal income, estate, and gift taxes and
prohibiting the United States Government from engaging in
the business in competition with its citizens will be
resubmitted in Congress tomorrow morning. The present
system of taxation shall continue temporarily until it is
overhauled in accordance with the new tax legislation.
Effective immediately, Social Security Administration
shall be placed in receivership, and all Social Security
payroll deductions shall be deposited in the special
departments of the local banks, to the individual
accounts of the beneficiaries from whose paychecks they
were withheld. Maintaining such departments shall be the
public service of the local banks in consideration for
yearly renewal of their banking charters. All these
departments in aggregate shall constitute new National
Pension Fund. NPF shall pay interest on all pension
deposits at the rate not lower than 1 basis point per day
(3.65% per annum), and shall charge interest on mortgage
loans at the rate not higher than 2 basis points per day
(7.3% per annum). Net annual profits of NPF operations
shall be distributed as dividends to individual
depositors in proportion to their deposits maintained at
the NPF.
There shall be no compulsion for anyone to maintain
his/her pension money at the NPF. Once the payroll
deduction is deposited at the NPF, the beneficiary will
be free to write a check against it at any time. It shall
be each citizen's own responsibility to provide for
his/her retirement. The NPF will only provide banking
infrastructure to make it easier to accomplish.
The government will of course assume responsibility for
continuing Social Security benefits now due, and for
equalizing benefits to new retirees in the coming years,
for whom NPF system will not be able to produce adequate
pensions in time for their retirement. These benefits
will be paid from the Treasury's general fund.
To assure that the purchasing power of people's savings
will remain undiminished, the orderly transition to
silver and gold money shall be arranged.
US Mint will begin production of the new 5 grams and 10
grams gold coins, made of standard monetary gold .900
fine, and their value in new cents and in grams of silver
will be determined by the free market. Already existing
gold coins, domestic or foreign, will of course be
accepted at their gold content in grams .900 fine.

The ultimate objective is to develop uniform worldwide
monetary system where 1 gram of standard monetary silver
will be the unit of account in daily commerce, and 1 gram
of standard monetary gold for big-ticket items and in
international commerce.

Well, you will have plenty to think about tonight. For
the benefit of those who missed it, or who need further
clarification, this address will be re-broadcast every
hour tonight and tomorrow. This reform only appears
overwhelming and earth shattering. In reality, it is very
simple, and it will change your life very much for the
better.

Thank you for listening. Good Night.

[Gość: chickenShorts]

Well, I only just... I mean, holiday!

Oh, I am damned if I can bear this silence any longer... Braavoo! Bert, braa!
vooh! Must be the clear air of Toscany!
The lack of any response so far I interpret as a sign of reverence, respectful
silence!... Or, perhaps, on the other hand?... they (? mishmushy, mara's boobs
& al.) are still busy discussing the implications, you know... No matter! Your
thoughtful post merits more, much more than just noisy 'bravo!' and I'd like
to 'rescue' it from this stunned silence.
Well, I cannot, indeed, am not qualified to, comment on technicailties and I
will not go line by line, as it seems uncalled for... for a lot of reasons. But
just a few remarks!

In your preamble to the main business, you state that your effort is based on
a "very simple proposition that there is no substitute to having done what
needs to be done". But that's like saying: 'hey, EVERYBODY wants it done!',
isn't it? Even if you mean a 'democratic majority' (an overused and abused
term, in my opinion, meaning very little especially in America) in lieu
of 'everybody'. You know what I'm driving at, don't you? Well, OK, let's have
a look at it on the assumption that you are Not a cynic! That you are (still?)
an idealist!

What is this "supressed good" you want in(forced) to replace the "reigning
evil" of real-rich at the cost of real-poor in a phantom-wealthy America? (Or
have I missed something?)
You propose to prick the overblown American belly [as I've seen they do to
sheep and cattle that ate the wet(?) grass], to sort of make a hole in it to
let the suffocating stench out!!! And then feed it a healthy diet of dry...
cents!? Well, well... How long, do you thing, it's going to take for 'the
things' to get back to 'normal'?

Don't get me wrong, friend, I feel with you, I admire your efforts and am not
trying to 'smart ass'-ly dismiss all this... It's concern talking!
Your take on fiat money is merriting a lot of attention! The fiat money
earning interest... Yep! But there is something not quite right about allowing
the credit card purchases go unpaid for... even if only in that transition
period... Something wrong!

Now, I really enjoyed the paragraph beginning, "Now, the question is..."! And
then the almost bolshevick "and the answer is: Yes, we may..." just made me
laugh out loud and ask: are you an economist or a lawyer, Bert? My guess is,
unless you are a very cynical man, you are neither. You cannot be!
Your "prohibiting the US Government from" competeing with its own citizens in
doing business "will be resubmitted in Congress" bit made me think that you
still have a lot of confidence in the Am. political system and its structures!
At least force them (the Congress) to a diet of rice and two hours of
meditation, prior to debating your proposal!
Now, making every citizen take responsibility over his future (retirement &
pension), healthy as it may apear, presupposes that all are in a position
(legaly and otherwise, in a lot of ways) to do so! Eh?! Could present a few
problems!
Anyway, Bert, I enjoyed reading that dreaming dreamer in you! Should you
decide to go for White House... Nah! Forget it! Be careful! America isn't too
good for dreamers! I am not saying you can get shot... Well, they would have to
paint you black first, wouldn't they?...

[Gość: Bert]

Mind you, it is the Chairman to say those things and he
likes the black-and-white problem formulation. Why not
use this disposition of his to right the series of wrongs
that started when the Capitol Hill abandoned its
constitutional responsibility of controlling the money
supply (The Federal Reserve, 1913/1914), followed by the
introduction of the income and other questionable taxes,
not to mention Nixon and the end of the gold cover and
every single president after him.
This United States of America is not a so-called
democracy; it is a republic where the Constitution is
supposed to rule supreme. The Constitution clearly states
what the legislative branch is allowed to do. The House
and the Senate should have changed the constitution
before entertaining the FED idea and other murky
legislative misdeeds that followed. Obviously they
didn't. So, Mr. Chairman, it is time to roll up your
sleeves and get down to work. Since you know how to
unsign what someone else has signed, it will be a piece
of cake for you to work towards undoing the flagrantly
unconstitutional wrongs. The will of the majority has
nothing to do with the concept – that's the law of the
land and the Chairman swore some time ago to uphold and
defend the Constitution.

As long as the gold/silver cover is in place it would be
the amount of gold and silver available that would limit
the congressional crooks' fiscal hanky-panky: forgery is
a felony.

You may not like the idea of allowing people to keep what
they "purchased" with fiat credit money. The fact is the
goods have been produced fraudulently through fraudulent
investment of fiat money fraudulently loaned by the banks
and fraudulently distributed by the retailers who have
bought them from the wholesalers with the fraudulent
credit. You have to cut somewhere this chain of
fraudulent operations. Pragmatism suggests keeping the
majority of people happy.

According to the present laws on the books yes, the
government may confiscate the counterfeited wealth of the
US citizens. That's in the US Code. Mr. Chairman would
stay well within the law. The only problem might be our
foreign liabilities; let's just say for now those will be
honored and treated as debts to pay off in a manner
negotiated acceptable to our creditors. (We wouldn't like
to go to war over money, would we?)

About the Social Security Fund and the Medicare/Medicate.
All the federally run trust funds (over thirty of them,
including the ones mentioned) have been bankrupt for
quite some time now. They must stop lying through their
teeth and come clean on the issue.
With the income and other taxes abolished, the citizenry
will be much better off on their own on retirement than
they are right now under the present system. Please take
my word for it.
The federales will take care of the present retirees and
those who are nearing the retirement age by phasing the
new system in. After all, they will collect taxes in
tariffs in spades and limited licensing fees to generate
revenue adequate for the purpose.

Xmas Utopia

[Gość: mishy]

Seasons Greetings to you, too.
I hope your investments are doing fine.

"Pragmatism suggests keeping the majority of people happy."

? ? ?
NO NO NO

Majority of goods purchased on the plastic are in no way essential to your
survival.
Why should you reward the retail junkies and fuel the disease further?
Someone, somewhere, somehow at some point will have to pay for that!
Quess who?
Yes, you've got the answer right in your post. The foreign liabilities.
We can't repay the debts, let's bomb the fuck out of them.
They produce goods cheaper than we do?
Let's exterminate the fuckers.
They've got the technology to defend themselves?
Let's demonize them. Let's break the "axis of evil."
But hold on .
Don't we get the cheap'o crap from them that we mark-up X10 and make
profit out of domestic workers redundancies and misery.
Sure we do.
I could go on.
However, resistance is futile.
There's no cure for Greed.
I command your attempt at making things better.
I thank the Lord you do not hold the power to put us through the Mess.

[Gość: chickenShorts]

Gość portalu: mishy napisał(a):

> Seasons Greetings to you, too.

> However, resistance is futile.
> There's no cure for Greed.

Depends on the doctor and the medicine...

THERE IS ENOUGH FOR EVERYBODY'S NEED
BUT CERTAINLY NOT ENOUGH FOR EVERYBODY'S GREED
M. Gandhi

(Let's bomb America!)

> I command your attempt at making things better.
> I thank the Lord you do not hold the power to put us through the Mess.

That should make you happy, mishy. You cried for meaningful exchange. What's
your 'cure'?

[Gość: wacko jacko]

I hear this bullshit about credit card debt every year around Christmas time.
I hope to hear it again next year and the year after. I begin to wonder why
Mr. Greenspan doesn't listen to the simple solutions offered above?
Maybe it is a short attention greespan?
Happy Noo Yeah

[Gość: Bert]

Mishy, take a deep breath and think, just for a sec. You
and everybody else who have financed the US economy for
years can either continue to finance it or decide to stop
the chicanery. The Fed's paper is bumf; it's time to
accept the fact. What's your idea? Keeping throwing good
money after bad? Before you can start paying debts you
must kill the source of the problem - easily printable
fiat money.

The credit card debt is peanuts compared to everything
else. We are talking over 32 trillions dollars!
(allegedly, $25 trillion private household & business &
financial sector debt PLUS $7 trillion federal & state &
local government debt).

Again, let's see what those figures really mean: the
statistical US resident owns nothing; instead he owes
some $110K, which, multiplied by 280mln, yields about
$32 trillion. That's a lot, but that's not the credit
card debt. The credit card balances of all US residents
amount to a meager trillion dollars. Let's not loose
perspective here. The problem is bigger than credit cards.

How we got here is another matter. Europe and Japan
participated in it, willingly or not, and the Uk's
contribution figures most prominently, from as far back
as your Henry VIII and his lousy sperm count. I am not
kidding.

Breathing Excercises

[Gość: mishy]

I would not need if you tell me I'd get a whole new Mac suite to replace my
old rackety derelict ibook, put it on the plastic... et voila..
what the hell, keep it.
With compliments from Uncle Bert and His New World Order.
See, how DO you remunerate the good boys and girls who paid cash?
What will you do about the mortgages?
Cancel them too?
And if so how will you stop the non-owners from rioting?
How do you keep the have-nots at bay?
Practicalities.
Fucking hell! Literally.
We might as well crawl back to the caves.
Got the point with green paper. Couldn't agree more.
Always thought how you get them crisp and fresh out of a hole in the wall
around Xmas time every year. Obvious. De la Rue makes double the
packet for HO HO HO.
But I can list at least a thousand ways you can default on the exchange
5min before the clock strikes Midnight and naturally eventually things will
get back to Norm.

Your solution will reward the very ones who live inside and off the System.

Perhaps yourself included?
Have you made provisions for that cosy villa in sunny Mediterranean for
when the crunch comes yet?

On a sunbed on his south facing verandah, sipping Jack Daniels , the
tired revolutionary weaves his power notions of a Non Monetary Bliss with
the latest shiny Power Book in his old lap while the Missus, gracefully
Power Shopping in Milan or somewhere, excercises her right to
SPEND
SPEND
SPEND.

[Gość: Bert]

You are yakking, dear lady. Read the dummy draft again,
you might find some answers there. If you want a reply,
talk sense and, above all, be specific.

[Gość: chickenShorts]

"...as far back as your Henry VIII and his lousy sperm count"

Fascinating, Bert!

How exactly did you manage to link the present economic mess in the States
with Henry's lack of descendants?
Anything to do with JamesI, Puritans and the Plymouth
colony? Do you mean the bad ideas reaching the New World or the bad men? Or
both? Or neither?... OK, seriously, I find it really interesting! Take your
time, but try to be as illuminating as you can to someone not well versed in
Adam Smith...

[Gość: Bert]

The subject is too extensive for today. If you are
interested, you might start from investigating 1913 and
the circumstances leading to the establishment of the
Federal Reserve, the main movers and shakers of the time:
who they were, what methods they put to work and what
drove them. The idea of the central bank wasn't new then
- the Bank of England had been in existence for over 200
years in 1913. Those who controlled the Bank of England
wouldn't miss the opportunity in the former colonies. If
you continue backwards, you will encounter the notion of
the lost tribe of the chosen people (in Britain?),
politically expedient ideologies invented or imported and
domesticated by the British rulers to fool their sheeple.
It is hardly possible to explain the beginnings of the
British imperialism without acknowledging Henry VIII's
substandard instrumentation. That may seem trivial now,
but from such trivialities many major events of world
history proceeded.
Anyway, if you like, start with G. Edward Griffin's "The
Creature from Jekyll Island". It covers not only the deep
history but also the world wars (who and what and why)
and the contemporary techniques of the banking racket.
Have a good read; it's an interesting who dun it.

[Gość: chickenShorts]

Thanks for that recomendation, Bert. I will definitely look it up.