http://rt.com/shows/breaking-set-summary/bitcoin-currency-hugo-chavez-myths-latin-american-socialism-941/ Here you'll see Max Keiser and Abby Martin give us an entertaining summary of some of our economic woes, but the worse is to come.

Our Central banks continue to create cyber money with gay abandon but the money mostly is being used to expand the derivative market which in turn steals real assets from us.The derivative market is 10 times the GDP of the planet.This is the leverage that distorts our markets.

During the Great Depression of the 1930's they brought in the Glass Steagall Act to separate the gambling derivative market from the real economy of productivity which most of us function in.Bill Clinton in the late 1990's scuttled the Glass Steagall Act and thus, most of us lost half our super in the 2008 debacle.We now have no protection from the financial Jackals.

Max Keiser,Gerald Celente and many others have noted how real markets are being manipulated.The price of gold for example has been falling even with increasing demand and falling production.According to Adrian Douglas,for every ounce of gold there are 45 pieces of paper laying claim to it's existance.Put options in my view are forcing down the real value of gold.China Russia and the Central Banks are buying gold aggressively,so the strategy is to artificially lower the price and buy up as much as you can surrepticially.

The world's total gold value is currently $8 trillion with a Global GDP of $ 70 trillion.What happens when the fiat money supply doubles? What happens when Govts cannot honour their bond commitments because ordinary people have not the jobs to pay the taxes?

Arjay, Nice to see someone else actually sees through what the main stream press would like us to believe.... Everything's AOK and and the green shoots are beginning to grow again. Fundamentals in the global economy haven't changed, in fact they are getting worse and pumping digital money into the system has only a limited effect and will not last as inflation gains the upper hand. The likes of JP Morgan and HSBC are naked shorting the silver market by over one hundred times the actual availability of the physical metal to suppress the price. This is actually illegal under the CFTC rules but an ongoing investigation has yet to report after over 4 years ! Too many sovereign banks and governments, (US particularly) are too interested in keeping gold prices low to protect their fiat currencies but at the same time buying as much as they possible can. The Chinese who are the biggest producers of Au in the world, bans all exports and at the same time imports at the rate of 1000 tonnes annually.

We are suffering from the sea of debt everyone has been floating on with absolutely no prospect of paying it back without debasing the fiat paper currency. When we "hit the wall" is any body's guess. It depends on how much "can Kicking" can delay it all.. It's far too big a subject to discuss in a couple of paragraphs. I just wish the whole thing was better understood by the general population.

Arjay, it's a little over my head, however, what I do know is that doing business under Howard was quite prosperous and enjoyable, free from too much interference from the government.

I can also remember that almost everyone was on a high, life was great for most and mining was something that happened out in the bush, unlike today where not only is it a way of life, but it's also about our only lifeline.

Nowadays, those days are gone, as simply employing someone has become a legal nightmare, one which often makes one think twice, confidence has been at an all time low, and labor is doing it's best to chase miners away.

On the other side of the coin, we have retail suffering badly from online shopping, automation of almost everything, both of which COST JOBS, meanwhile our population is growing, PLUS the new arrivals, most of which don't contribute.

A fitting saying may be that we are burning the candle from both ends.

We must also remember where we were five years ago, where we are today, a d where we are headed if nothing changes.

"""
Arjay, it's a little over my head, however, what I do know is that doing business under Howard was quite prosperous and enjoyable, free from too much interference from the government.
"""

Of course we were living in an illusion, rehctub. Everyone thought the game of monopoly was going to last forever and the banksters and governments were all being fair. But now the ponzi game is almost over and the peasants will have to give back all that fake money because no one will want it for real things.

The banksters and governments will keep on harping that all is ok and the money is real.
They'll keep kicking the can down the road filling the bankers tray with more monopoly money created out of thin air. And governments will keep paying for the debt created with stolen money they'll take from the people at the point of a gun via taxation.
The others in the fold, economists, investors, and snake oil salesmen will keep telling the rest to ignore the profits of doom; they're just jealous they weren't blessed with the rules of the ponzi game. Heaven forbid you should wake up to the fact that it's all rigged and start throwing a noose around all their necks!

So now you know why the bankers are to big to fail and now to big to jail.

How long before the gig is up? Looking at Europe and America, not too long!

Oops!

That should have been "So now you know why the bankers are too big to fail and now too big to jail."

Snake and Raw mustard Max Keiser has noted that the HSBC has been laundering $400 billion in Mexican Drug Cartel money but the British Govt won't prosecute them because they are too important to the economy?

The Citizens Electoral Council has asked the Commonwealth Bank to disclose their deivative exposure,but this year they have refused.Total Bank Derivative exposure in Australia is now $ 19 trillion.They are impossible to bail out.This is 16 times our GDP.If you have money with any institution,make sure it is capital guaranteed.

The RBA is building a fund which is currently about $ 500 million to bail out our banks but will not create money for infrastructure or our Govt.In other words they are going to depreciate our currency to bail the banks out.It seems that the US/European disease is coming here.

Derivatives are supposed to be a type of insurance but in fact are bets on market machinations.Not even those to play the game fully understand it.Keiser says they are bets upon bets.ie double or nothing if I lose.

I first mentioned BITCOIN 2 yrs ago on OLO and now it is taken off realising 1300% increase in value in just 12 months. BITCOIN is now a bank in France with over 100,000 participants.

My advice is to take control of your super and trust no bank.Put your super and savings in solid assets like land, commodities or precious metals.When our currencies collapse,precious metals and tangible objects of worth will increase in value many fold.

I'm really disappointed that OLO makes almost no effort to spell out these realities to its readers.

We need a proper constitution to give us a say and Govts banks like we used to have to create the credit to equal productivity debt free.Debt should only be attached to money that already exists.

The Private Banksters are counterfeiting our currencies for which we as individuals get long jail sentences.