The Post Crash Economy - The Day After.

June 18, 2010 - PRLog -- No one can disagree now: the global economy is in a fragile condition:


Diagnostic and Prognostic:

We will soon discover that governments, central banks and supra national bodies are powerless when faced with the impending market collapse.

Fiscal intervention or Keynesian stimulus has found its limit as people and financial markets become wary of further deficits and, more importantly, powerful vested interests oppose it.

Monetary policy has reached its limit with short-term interest rates close to zero in every developed economy. The so called 'quantitative easing', which have pumped trillions of liquidity which can't find their way into real investment, raises the question: What several trillion dollars more will do that 2 trillion dollars didn't do.

As long-term yields go down as they have since 1981 they don't reward the bond holder for interest-rate risk, sooner or later investors will prefer cash to any lon-term investment: it is the crash.

http://bigcharts.marketwatch.com/advchart/frames/frames.a...

Chaos will necessarily follow: social and political turmoil, military adventures, racism and xenophobia... All these evils that the world has already experienced after Black Thursday in 1929.


Prescription:

The single plausible alternative to the Deep Depression is an Adjusted Credit Free, Free Market Economy.

The right to participate is granted to anyone who will have registered the serial number of a €5 euro note and will have signed the participants agreements. That right is linked uniquely to the effective ownership of the note. It is the owner's responsibility that these are authentic and constitute a legal tender.

The right to register a note is strictly limited to one per household.

Registering does not constitutes an obligation to participate but a right to do so at anytime in the future.


Participants Agreement:


    •   Not to steal from another participant.
    •   Not to hurt another participant.
    •   Not to lend money with interest to other participant.
    •   Not to own any long term assets or work
        (except to provide for food or shelter):

------------------> from September 09th, 2010 at 9:00 AM EST.

------------------> till September 17th, 2010 at 4:00 PM EST.


Long-Term Assets:

Long-term assets are anything you own which is not directed to your own day to day consumption: businesses, Stocks, debt instruments, real estate, and commodities including gold or silver.

The proceeds must be held either in cash or invested in short term treasuries (maturing in less than two years and held with the emitting treasuries. (With Treasury Direct for the US Dollar.)

No holding must be deposited with any bank.


Our Facebook event: http://www.facebook.com/event.php?eid=132651053416423

Our Facebook page:  http://www.facebook.com/apps/application.php?id=110393935...

Our Site:               http://post-crash.com

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Since the spring of 1994 I have been worried by the long-term downward trend of long-term yields which I predicted would at some point be such that they would'not be sufficient to reward the interest rate risk bore by investors. I soon found out that its root cause was the very existence of credit which is discriminatory and the cause of an increasing revenue gap between the rich and the poor. I had ample time to devise an alternative economy that will be fairer, more prosperous and stable.