The Famous/Infamous JF (Jim) Straw July E Letter - Here for your reading pleasure...

Bill,

Thanks for quoting some of HT's writing.

What she's getting at is best explained by example...

A labor hire co will hire out a worker at, say $40 an hour - but - only pay that worker $18 an hour. Thus, the Top (boss) takes more ($40 an hour) than it gives ($18 an hour).

Following the logic to the very end... larger companies buy up smaller companies until there are no smaller ones left that can compete. From the hands of the many the money flows to the hands of the few.

This is how she sees it.

Her Lord example is also interesting...

The Lord of the land says... to live on my estate you must pay me 1 gold coin. The peasant asks how this coin can be obtained. The Lord says, grow some food and I shall buy it from you for a coin. So the peasant grows food and sells it to the Lord for a coin. Which they then give back to the Lord as payment for living on the land. The Lord now has food and the money, the peasant neither or only very little of either. As the Lord is the buyer and the landlord, he can Manipulate prices to make himself richer and keep the peasant a peasant.

Her other main point is... our System is Doomed to implode because we fund it with ever increasing debt (inflation) and it can only go so high. At which point we have deflation (decrease in the money supply) and the system collapses. The only way to stave off the deflation is with ever more spending and debt - but - people can only Service so much. At which point... collapse.

With the people not buying - and $US leaving the US to buy foreign goods - the other countries do not have $US with which to conduct international business or buy oil (as oil is traded in $US) and they start to go down hill too. Global meltdown. And we start again of we have Cleansed.

Another interesting point she makes is... it's the Bond market which changes interest rates first. The FED only makes those changes in reaction to the bond market. Any Studiers/watcher of bond rates know if this is true... the Fed makes changes after the changes appear in the bond market?

And to hide that it's the system which is flawed, there are puppets. The chairman of the Fed can be blamed, or blame his predecessor. The new POTUS can blame the leaving POTUS.

Michael Ross