Gerald. You are a brilliant person. I just lost my Mum. You give me such great comfort. You are everything that is decent. Love peace and light. Tony. Liverpool.
But for those who died in Christ, someday we will meet again if we are born again. Death had been conquered by Christ that's we celebrate The Resurrection.
My sympathy goes to you, Gerald. I long for my grandmother in much the same way, she was funny even when she got mad, full of life 'til the end…and suddenly gone. I admire the way you always read between the lines. I long for the world you grew up in, I'm sad to think it's not likely to come around again. As an Italian speaker I got a taste of the culture you come from, watching this video brought to mind an animation by Bruno Bozzetto – done in 1976, it somehow seems prophetic in these times https://youtu.be/APSEYn7CqzQ
You are blessed to have been raised in a old school, Catholic family. Before Feminism, and abortion. Teach the next generation that hasn’t a clue. Don’t leave the world until you pass it on.
Gerald, i Iove you!!! I am so incredibly sorry for your Mother's passing!!! I cannot stop worrying about my own parents' mortality as they are becoming older. No one deserves to lose their parents'! It's just the way I feel. G-d be with you on Good Friday Gerald! Love you man!!! -jeffrey taylor
Gerald, Molto Bene…….Beautiful Story! My mom would bake the Italian Easter Pie (sausage pie), on Good Friday….talk about suffering….just imagine that incredible aroma, of thirty backed pies, in out little tenement apartment……and we could not eat them until midnight….Love ya, Man!!
The world is a better place because you’re in it. I appreciate your stories about your family and your parents and your cousins and your aunt. I am German/American and in my culture like yours, family was a big deal.. We are lucky that we have these memories to get emotional about.
Happy Easter Gerald, Mi Gumba. Thanks for your heartfelt commentary on your Mother, family and friends. What are we without the ability to express the things that we hold dear? That is what gives us life and the reason to live, to go on. Happy Easter and 2019. The simple things are what matters most
Money is a measure of value. An abstract concept. Currency is the familiar federal reserve note or bank note. The physical instrument that represents that measure of value.
Most money is produced by advancing credit and is not simply created out of “thin air.”
It is important to distinguish between the measure and the instrument that represents it. The instrument is invariably manipulated so that the same number on the face of a certificate represents different actual values at different points in time. A $100 bank note today has less purchasing power than it did 5 years ago and also when more currency is printed than money created.
Example:
Assume that the total supply of money is $1,000…000,000.00. (one x-zillion, half-mile long chain of zeroes omitted for clarity). At this stage that is the starting point in our discussion the supply of currency is also one x-zillion that is identical to the supply of money.
A borrower obtains a loan for $1000 that he agrees to pay back with $35 interest.
The lender makes an entry in its ledger, crediting the account of the borrower. The total supply of money (that is a measure of value) remains unchanged (one x-zillion).
An employer pays the borrower $1,035 in wages being the value of his work. Alternatively, a customer pays the borrower that is a merchant $1,035 for the value of his purchases. Either way $1,035 in new value was created by activity in the marketplace. The borrower repays the loan (with existing currency).
The total supply of money is now $1,000…000,000.00 + $1,035.00 = $1,000…001,035.00.
The total supply of currency remains $1,000…000,000.00.
The central bank may print $1,035 in new federal reserve notes in order to bring the amount of currency in line with the total money supply. The amount of money created is $1,035 and is not merely $35 that is the amount of interest.
The lender receives $1,035 being repaid with existing currency plus the central bank may print $1,035 in new currency. The central bank is the beneficiary of the lion’s share, as $1,000 of newly created value accrues to it while $35 of this newly created value accrues to the lender.
If the face value of newly printed bank notes is less than $1,035 or if none at all are printed the value of the dollar currency will increase. Especially as viewed by outsiders. If the face value of newly printed bank notes is greater than $1,035 then the value of the dollar currency will decrease. Outsiders perceive a dilution, as the number represented by currency is larger than the addition to value of newly created money.
This example assumes that the wages paid or merchandise sold is the amount of new value created, but in practice marketplace efficiency is somewhat less, with a smaller portion being new value created.
Footnotes:
If the borrower only realizes $813 instead of the full $1,035 that was earned through his effort in the marketplace, due to insolvency of employer or customer, then $813 is the measure of new value created. Even if the borrower repays the full amount of the loan that is $1,035 by making up the difference out of his own pocket the amount of money created in the marketplace remains $813 and only $813 in new currency may be printed. This entire benefit accrues to the central bank, while the lender loses money.
The lender makes a loan of $1,000 with a negative interest rate so that the borrower repays $1,000 minus $35 deducted in negative interest. In this instance the lender is repaid $965 and loses money, but the central bank gains money and may print $965 in new currency representing the new value created in this transaction, the entirety of the new value accruing to the central bank.
Any currency printed in excess of $1,035 in the example above is the portion derived from “thin air.”
Countries that do not adhere to these parameters soon find their currency is worthless. Where an elevated level of demand for currency is dictated by being the reserve currency, such as in the case of the “petro” dollar, these bounds may be greatly exceeded. A favorable trade balance enables these bounds to be slightly exceeded in proportion to the surplus, or greatly exceeded where the trade surplus is large. This action prevents the currency from becoming too strong and harming exports. Trade deficits are snares with political pressure to print more at a time when the amount of new currency printed should be reduced. The limit is reached when the amount of currency printed each month equals the sum of payments made on corporate and personal debts, i.e., all current debts regardless of their nature, during this same period. In a process titled quantitative easing the central bank purchases non-performing corporate bonds and shreds them so that this threshold is not exceeded and the currency remains viable and does not collapse. Policies of the central banks are largely decided by the Bank of International Settlements in Basel, Switzerland.
Same here Paison Jesus and Julian condemned for telling the truth and we are long gone from the teachings of Jesus. Nobody throwing the money changers out since he did and look where we have ended up under the empire again. What a blessing for your mother and Zizzy to have such a wonderful and honorable son/nephew.
Thank you Gerald for sharing this special memory of your mother. "Flowers are God's smiling faces" is so touching and poetic. Every night when I go to bed, I say this prayer: "Thank you God for all the souls who are incarnated on Earth as Human Beings, Animals, and Plants, especially those plants with Flowers, because they show us what Beauty is." – An American in Switzerland
I wish I could go back to the old days…One saved their money to buy something an it worked.My mom was the glue like you said….I don't know what's what anymore.Seems like everyone is divorced ……homosexuals ….lesbians…..transgender….government BS….young people opiod crisis….2 dollars for a bottle of soda….Gas prices for whatever they feel like charging…I don't get it.When I was 12 years old I'd say…. mom I'm going to Times square to play pinball…[lived on long island] She would say just be back by 6 for dinner…imagine that….An now all my repair ability I acquired over decades is useless since everything now is just replaced.Like I said I just don't get it after decades of effort.
I appreciate your humanity Gerald and loved your reflections on the season despite the personal pains you’ve endured. Do unto others…what more is there to say? I wish our leaders lived this statement. May God bless us.
What a touching tribute to the meaning of life and family. I t brought back so many memories of my childhood and family gatherings with my Italian and Jewish relatives. Even going to the Italian bakery every Saturday morning with my dad. May peace and contentment follow you always.
Fall 2019 watching this with tears. We are going down* Thank you Gerald Celente for your heart felt caring words⚘
Amen Gerald, keep the faith, you awesome
Gerald. You are a brilliant person. I just lost my Mum. You give me such great comfort. You are everything that is decent. Love peace and light. Tony. Liverpool.
But for those who died in Christ, someday we will meet again if we are born again. Death had been conquered by Christ that's we celebrate The Resurrection.
My sympathy goes to you, Gerald. I long for my grandmother in much the same way, she was funny even when she got mad, full of life 'til the end…and suddenly gone.
I admire the way you always read between the lines. I long for the world you grew up in, I'm sad to think it's not likely to come around again.
As an Italian speaker I got a taste of the culture you come from, watching this video brought to mind an animation by Bruno Bozzetto – done in 1976, it somehow seems prophetic in these times https://youtu.be/APSEYn7CqzQ
I'm a baby boomer from Queens but went to St Helena HS in the Bronx….almost neighbors!
Never a Truer word Spoken Friend of the Sheeple / Thanks
Thank you for being Honest and Personal.You are a good man.
Forza Celente
You are blessed to have been raised in a old school, Catholic family. Before Feminism, and abortion. Teach the next generation that hasn’t a clue. Don’t leave the world until you pass it on.
Gerald, i Iove you!!! I am so incredibly sorry for your Mother's passing!!! I cannot stop worrying about my own parents' mortality as they are becoming older. No one deserves to lose their parents'! It's just the way I feel. G-d be with you on Good Friday Gerald! Love you man!!!
-jeffrey taylor
Thanks for sharing this
Im so glad for Gerald celente
Cheers
Gerald, Molto Bene…….Beautiful Story! My mom would bake the Italian Easter Pie (sausage pie), on Good Friday….talk about suffering….just imagine that incredible aroma, of thirty backed pies, in out little tenement apartment……and we could not eat them until midnight….Love ya, Man!!
The world is a better place because you’re in it. I appreciate your stories about your family and your parents and your cousins and your aunt. I am German/American and in my culture like yours, family was a big deal.. We are lucky that we have these memories to get emotional about.
Thank you Gerald.
What a brilliant man !
Happy Easter Gerald, Mi Gumba. Thanks for your heartfelt commentary on your Mother, family and friends. What are we without the ability to express the things that we hold dear? That is what gives us life and the reason to live, to go on. Happy Easter and 2019. The simple things are what matters most
Playing the drums daily strengthens your immune system. So get on those Ludwig's that are behind you.
#OccupyPeace!
My respect to Celente. Thank you Sir!
Money is a measure of value. An abstract concept. Currency is the familiar federal reserve note or bank note. The physical instrument that represents that measure of value.
Most money is produced by advancing credit and is not simply created out of “thin air.”
It is important to distinguish between the measure and the instrument that represents it. The instrument is invariably manipulated so that the same number on the face of a certificate represents different actual values at different points in time. A $100 bank note today has less purchasing power than it did 5 years ago and also when more currency is printed than money created.
Example:
Assume that the total supply of money is $1,000…000,000.00. (one x-zillion, half-mile long chain of zeroes omitted for clarity). At this stage that is the starting point in our discussion the supply of currency is also one x-zillion that is identical to the supply of money.
A borrower obtains a loan for $1000 that he agrees to pay back with $35 interest.
The lender makes an entry in its ledger, crediting the account of the borrower. The total supply of money (that is a measure of value) remains unchanged (one x-zillion).
An employer pays the borrower $1,035 in wages being the value of his work. Alternatively, a customer pays the borrower that is a merchant $1,035 for the value of his purchases. Either way $1,035 in new value was created by activity in the marketplace. The borrower repays the loan (with existing currency).
The total supply of money is now $1,000…000,000.00 + $1,035.00 = $1,000…001,035.00.
The total supply of currency remains $1,000…000,000.00.
The central bank may print $1,035 in new federal reserve notes in order to bring the amount of currency in line with the total money supply. The amount of money created is $1,035 and is not merely $35 that is the amount of interest.
The lender receives $1,035 being repaid with existing currency plus the central bank may print $1,035 in new currency. The central bank is the beneficiary of the lion’s share, as $1,000 of newly created value accrues to it while $35 of this newly created value accrues to the lender.
If the face value of newly printed bank notes is less than $1,035 or if none at all are printed the value of the dollar currency will increase. Especially as viewed by outsiders. If the face value of newly printed bank notes is greater than $1,035 then the value of the dollar currency will decrease. Outsiders perceive a dilution, as the number represented by currency is larger than the addition to value of newly created money.
This example assumes that the wages paid or merchandise sold is the amount of new value created, but in practice marketplace efficiency is somewhat less, with a smaller portion being new value created.
Footnotes:
If the borrower only realizes $813 instead of the full $1,035 that was earned through his effort in the marketplace, due to insolvency of employer or customer, then $813 is the measure of new value created. Even if the borrower repays the full amount of the loan that is $1,035 by making up the difference out of his own pocket the amount of money created in the marketplace remains $813 and only $813 in new currency may be printed. This entire benefit accrues to the central bank, while the lender loses money.
The lender makes a loan of $1,000 with a negative interest rate so that the borrower repays $1,000 minus $35 deducted in negative interest. In this instance the lender is repaid $965 and loses money, but the central bank gains money and may print $965 in new currency representing the new value created in this transaction, the entirety of the new value accruing to the central bank.
Any currency printed in excess of $1,035 in the example above is the portion derived from “thin air.”
Countries that do not adhere to these parameters soon find their currency is worthless. Where an elevated level of demand for currency is dictated by being the reserve currency, such as in the case of the “petro” dollar, these bounds may be greatly exceeded. A favorable trade balance enables these bounds to be slightly exceeded in proportion to the surplus, or greatly exceeded where the trade surplus is large. This action prevents the currency from becoming too strong and harming exports. Trade deficits are snares with political pressure to print more at a time when the amount of new currency printed should be reduced. The limit is reached when the amount of currency printed each month equals the sum of payments made on corporate and personal debts, i.e., all current debts regardless of their nature, during this same period. In a process titled quantitative easing the central bank purchases non-performing corporate bonds and shreds them so that this threshold is not exceeded and the currency remains viable and does not collapse. Policies of the central banks are largely decided by the Bank of International Settlements in Basel, Switzerland.
God bless you bro. Very special
A wonderful Episode
Tears for u in my eyes also.
May peace ✌🏻 be with you on such a sad occasion Gerald.
“Flowers are Gods smiling faces”
Just beautifully put,will remember for ever.🙏🇺🇸🇬🇧
Same here Paison Jesus and Julian condemned for telling the truth and we are long gone from the teachings of Jesus. Nobody throwing the money changers out since he did and look where we have ended up under the empire again. What a blessing for your mother and Zizzy to have such a wonderful and honorable son/nephew.
Time to update the intro graphic, no?
Thank you Christian Brother, I have been struggling with the church and state being controlled by Freemason Federal Reserves.
To the people that gave this a thumbs down You Suck,As i'm sure you already know…
sorry about that, happy Easter
Thank you Gerald for sharing this special memory of your mother. "Flowers are God's smiling faces" is so touching and poetic. Every night when I go to bed, I say this prayer: "Thank you God for all the souls who are incarnated on Earth as Human Beings, Animals, and Plants, especially those plants with Flowers, because they show us what Beauty is." – An American in Switzerland
Thank you Gerald for a touching and heartfelt tribute to your mother and insight into your childhood. God bless you. You will see her again in heaven.
Gerald is a tool for Jewish interests. Keep chasing those shekels and lying through your teeth gerald.
Thank you Gerald for this heartwarming story we can all relate to ,
Nice.. you got me.
I wish I could go back to the old days…One saved their money to buy something an it worked.My mom was the glue like you said….I don't know what's what anymore.Seems like everyone is divorced ……homosexuals ….lesbians…..transgender….government BS….young people opiod crisis….2 dollars for a bottle of soda….Gas prices for whatever they feel like charging…I don't get it.When I was 12 years old I'd say…. mom I'm going to Times square to play pinball…[lived on long island] She would say just be back by 6 for dinner…imagine that….An now all my repair ability I acquired over decades is useless since everything now is just replaced.Like I said I just don't get it after decades of effort.
Gerald!!!!… You know much about World sense the fall of Adam and Eve. Are do you?.
I appreciate your humanity Gerald and loved your reflections on the season despite the personal pains you’ve endured. Do unto others…what more is there to say? I wish our leaders lived this statement. May God bless us.
Im sure your family was great but not what i tuned in for
It’s only Good Friday if your celebrate 🎊 pagan holiday.sabbath begins when Sun down till sun down next day on Saturday if really want to know
What a touching tribute to the meaning of life and family. I t brought back so many memories of my childhood and family gatherings with my Italian and Jewish relatives. Even going to the Italian bakery every Saturday morning with my dad. May peace and contentment follow you always.
Gerald that was awesome. Thank you