1776

Bretton Woods Redux: The Real Bridge to Nowhere

Chaos or a New World Economic Order?

Interest Rates [Credit] are the Cause and Consequence of the Explosion of Income/Wealth Disparities and, Hence, of the Inherent Instability of this Economy:

The Ominous Keynes' Liquidity Trap.
Origin of Economic Chaos.

As Far as we Know, As of Today No Other Economist Has Even Touched on The Link Between Income Distribution and the Interest-Rates / Liquidity Trap.

None of the Traditional Tools of Governments Will Work: The Helpless Leaders of The G20 Countries Are Pathetic, Aren't They?


DIE ZEIT: Can the right monetary and fiscal policy keep the US out of a recession?

Alan Greenspan:

"Probably not. Global forces can now override most anything that monetary and fiscal policy can do.

Long-term real interest rates have significantly more impact on the core of economic activity than the individual actions of nations.

Central banks have increasingly lost their capacity to influence the longer end of the market.

Two to three decades, ago central banks were dominant throughout the maturity schedule.

Thus, the more important question is the direction of long-term real interest rates."

Chairman Sir Alan "El Maestro" Greenspan
The Great Irony of Success
© ZEIT online, 30.1.2008


www.17-76.net/opening.... Chart of Long-Term Interest Rates


When Long-Term Interest Rates Ar So Low As Not to Reward the Risk People Stop to Invest. Wouldn't You? Who Can Coerce Them into Losing Money?

Because It Is Through Investments That Money Is Created.

The Blood of the Economy Stops to Flow,
It is the Ominous Keynes' Liquidity Trap, The Root of Economic Chaos.

The Crash Will Be Brutal, With NO Prior Warning... You Need to Be Prepared.

1 7 7 6 - Annuit Cœptis Can't Avoid the Crash
it Can Shield You From Its Consequences

Everyone Need an Economy, Don't You?

There Is One Solution That Works:

A Credit Free, Free Market Economy:

What Else?... What Is Exactly the Other Option?

No One Will Chose the Chaos, Will You?

The Only Goal of 1 7 7 6 - Annuit Cœptis is to Implement It.

Anyone Can Join But Still Needs to Be Prepared. Shouldn't You?

www.17-76.net/

The Purpose Is to Provide Both a New Deal and a New Game.

It is NOT to Fix This Economy Which is Already Beyond Repair.

The Intention Is to Create a New Economy
With the Assets of the Old One Without its Liabilities.

1 7 7 6 - Annuit Cœptis Will Jump Start Its Economy When:

It Declares the State of Systemic Economic Collapse (Market Crash)

AND

The Number of Its Registered Participants Reaches 100,000,000

Why Not Insure Against the Worst Case Scenario?

It Is the Age of Turbulence: Adventures in a New World Economic Order.

www.17-76.net/

Consumers Gear Up for Lengthy Recession

Interest Rates [Credit] are the Cause and Consequence of
the Explosion of Income/Wealth Disparities and,
Hence, of the Inherent Instability of this Economy:

The Ominous Keynes' Liquidity Trap.
Origin of Economic Chaos.

As Far as we Know, As of Today No Other Economist Has Yet Discovered
The Link Between Income Distribution and the Liquidity Trap.

None of the Traditional Tools of Governements Will Work:
The Helpless Leaders of The G20 Countries Are Pathetic, Aren't They?


DIE ZEIT: Can the right monetary and fiscal policy keep the US out of a recession?

Alan Greenspan:

"Probably not. Global forces can now override most anything that monetary and fiscal policy can do.
Long-term real interest rates have significantly more impact on the core of economic activity than the individual
actions of nations. Central banks have increasingly lost their capacity to influence the longer end of the market.
Two to three decades, ago central banks were dominant throughout the maturity schedule.
Thus, the more important question is the direction of long-term real interest rates."

Chairman Sir Alan "El Maestro" Greenspan
The Great Irony of Success
© ZEIT online, 30.1.2008

Chart of Long-Term Interest Rates

When Long-Term Interest Rates Ar So Low As Not to Reward the Risk
People Stop to Invest. Wouldn't You? Who Can Coerce Them to Lose Money?

Because It Is Through Investments That Money Is Created.

The Blood of the Economy Stops to Flow,
It is the Ominous Keynes' Liquidity Trap, The Root of Economic Chaos.

The Crash Will Be Brutal, With NO Prior Warning...
You Need to Be Prepared.

1776- Annuit Cœptis Can't Avoid the Crash
it Can Shield You From Its Consequences

Everyone Need an Economy, Don't You?

There Is One Solution That Works:

A Credit Free, Free Market Economy:

What Else?... What Is Exactly the Other Option?

No One Will Chose the Chaos, Will You?

The Only Goal of 1776- Annuit Cœptis is to Implement It.

Anyone Can Join But Still Needs to Be Prepared. Shouldn't You?

www.17-76.net/

"At the present moment people are unusually expectant of a more fundamental diagnosis; more particularly ready to receive it; eager to try it out, if it should be even plausible.

But apart from this contemporary mood, the ideas of economists and political philosophers, both when they are right and when they are wrong, are more powerful than is commonly understood.

Indeed the world is ruled by little else. Practical men, who believe themselves to be quite exempt from any intellectual influences, are usually the slaves of some defunct economist.

Madmen in authority, who hear voices in the air, are distilling their frenzy from some academic scribbler of a few years back. Emperors and armies come and go;
but unless they leave new ideas in their wake, they are of passing historic consequence.

I am sure that the power of vested interests is vastly exaggerated compared with the gradual encroachment of ideas. Not, indeed, immediately, but after a certain interval;

for in the field of economic and political philosophy there are not many who are influenced by new theories after they are twenty-five or thirty years of age, so that the ideas which civil servants and politicians and even agitators apply to current events are not likely to be the newest.
But, soon or late, it is ideas, not vested interests, which are dangerous for good or evil."

John Maynard "Invisible Hand" Keynes,
The General Theory of Employment, Interest, and Money,
13 December 1935, p. 383.
Quoted by Chairman Sir Alan "El Maestro" Greenspan
Adam "Defunct Economist" Smith
At the Adam Smith Memorial Lecture, Kirkcaldy, Scotland
February 6, 2005

The Purpose Is to Provide Both a New Deal and a New Game.

It is NOT to Fix This Economy Which is Already Beyond Repair.

The Intention Is to Create a New Economy
With the Assets of the Old One Without its Liabilities.

1776- Annuit Cœptis Will Jump Start Its Economy When:

It Declares the State of Systemic Economic Collapse (Market Crash)

AND

The Number of Its Registred Participants Reaches 100,000,000

Why Not Insure Against the Worst Case Scenario?

It Is the Age of Turbulence: Adventures in a New World Economic Order.


✔ Introduction

✔ Numbered Account

✔ A Credit Free Currency

✔ Assets Transfer

✔ A Specific Practice of Employment, Interest and Money


"Even apart from the instability due to speculation, there is the instability due to the characteristic of human nature that a large proportion of our positive activities depend on spontaneous optimism rather than on a mathematical expectation, whether moral or hedonistic or economic.

Most, probably, of our decisions to do something positive, the full consequences of which will be drawn out over many days to come, can only be taken as a result of animal spirits—of a spontaneous urge to action rather than inaction, and not as the outcome of a weighted average of quantitative benefits multiplied by quantitative probabilities.

Enterprise only pretends to itself to be mainly actuated by the statements in its own prospectus, however candid and sincere. Only a little more than an expedition to the South Pole, is it based on an exact calculation of benefits to come.
Thus if the animal spirits are dimmed and the spontaneous optimism falters, leaving us to depend on nothing but a mathematical expectation, enterprise will fade and die;—
though fears of loss may have a basis no more reasonable than hopes of profit had before."

Sir John Maynard "Invisible Hand" Keynes
The General Theory of Employment, Interest and Money,
Chapter 12: The State of Long Term Expectation, VII
December 13, 1935


1776 - Annuit Cœptis www.17-76.net/

Paul Krugman + Al Gore = The Way Forward

Interest Rates [Credit] are the Cause and Consequence of
the Explosion of Income/Wealth Disparities and,
Hence, of the Inherent Instability of this Economy:

The Ominous Keynes' Liquidity Trap.
Origin of Economic Chaos.

As Far as we Know, As of Today No Other Economist Has Yet Discovered
The Link Between Income Distribution and the Liquidity Trap.

None of the Traditional Tools of Governements Will Work:
The Helpless Leaders of The G20 Countries Are Pathetic, Aren't They?


DIE ZEIT: Can the right monetary and fiscal policy keep the US out of a recession?

Alan Greenspan:

"Probably not. Global forces can now override most anything that monetary and fiscal policy can do.
Long-term real interest rates have significantly more impact on the core of economic activity than the individual
actions of nations. Central banks have increasingly lost their capacity to influence the longer end of the market.
Two to three decades, ago central banks were dominant throughout the maturity schedule.
Thus, the more important question is the direction of long-term real interest rates."

Chairman Sir Alan "El Maestro" Greenspan
The Great Irony of Success
© ZEIT online, 30.1.2008

Chart of Long-Term Interest Rates

When Long-Term Interest Rates Ar So Low As Not to Reward the Risk
People Stop to Invest. Wouldn't You? Who Can Coerce Them to Lose Money?

Because It Is Through Investments That Money Is Created.

The Blood of the Economy Stops to Flow,
It is the Ominous Keynes' Liquidity Trap, The Root of Economic Chaos.

The Crash Will Be Brutal, With NO Prior Warning...
You Need to Be Prepared.

1776- Annuit Cœptis Can't Avoid the Crash
it Can Shield You From Its Consequences

Everyone Need an Economy, Don't You?

There Is One Solution That Works:

A Credit Free, Free Market Economy:

What Else?... What Is Exactly the Other Option?

No One Will Chose the Chaos, Will You?

The Only Goal of 1776- Annuit Cœptis is to Implement It.

Anyone Can Join But Still Needs to Be Prepared. Shouldn't You?

www.17-76.net/

"At the present moment people are unusually expectant of a more fundamental diagnosis;
more particularly ready to receive it; eager to try it out, if it should be even plausible.

But apart from this contemporary mood, the ideas of economists and political philosophers,
both when they are right and when they are wrong, are more powerful than is commonly understood.

Indeed the world is ruled by little else. Practical men, who believe themselves to be quite
exempt from any intellectual influences, are usually the slaves of some defunct economist.

Madmen in authority, who hear voices in the air, are distilling their frenzy
from some academic scribbler of a few years back. Emperors and armies come and go;
but unless they leave new ideas in their wake, they are of passing historic consequence.

I am sure that the power of vested interests is vastly exaggerated compared with the
gradual encroachment of ideas. Not, indeed, immediately, but after a certain interval;

for in the field of economic and political philosophy there are not many who are influenced by new theories
after they are twenty-five or thirty years of age, so that the ideas which civil servants
and politicians and even agitators apply to current events are not likely to be the newest.
But, soon or late, it is ideas, not vested interests, which are dangerous for good or evil."

John Maynard "Invisible Hand" Keynes,
The General Theory of Employment, Interest, and Money,
13 December 1935, p. 383.
Quoted by Chairman Sir Alan "El Maestro" Greenspan
Adam "Defunct Economist" Smith
At the Adam Smith Memorial Lecture, Kirkcaldy, Scotland
February 6, 2005

The Purpose Is to Provide Both a New Deal and a New Game.

It is NOT to Fix This Economy Which is Already Beyond Repair.

The Intention Is to Create a New Economy
With the Assets of the Old One Without its Liabilities.

1776- Annuit Cœptis Will Jump Start Its Economy When:

It Declares the State of Systemic Economic Collapse (Market Crash)

AND

The Number of Its Registred Participants Reaches 100,000,000

Why Not Insure Against the Worst Case Scenario?

It Is the Age of Turbulence: Adventures in a New World Economic Order.


✔ Introduction

✔ Numbered Account

✔ A Credit Free Currency

✔ Assets Transfer

✔ A Specific Practice of Employment, Interest and Money


"Even apart from the instability due to speculation, there is the instability due to the characteristic of human
nature that a large proportion of our positive activities depend on spontaneous optimism rather than on
a mathematical expectation, whether moral or hedonistic or economic.

Most, probably, of our decisions to do something positive, the full consequences of which will be drawn
out over many days to come, can only be taken as a result of animal spirits—of
a spontaneous urge to action rather than inaction, and not as the outcome of a weighted average of
quantitative benefits multiplied by quantitative probabilities.

Enterprise only pretends to itself to be mainly actuated by the statements in its own prospectus, however candid and sincere.
Only a little more than an expedition to the South Pole, is it based on an exact calculation of benefits to come.
Thus if the animal spirits are dimmed and the spontaneous optimism falters, leaving us to depend on nothing
but a mathematical expectation, enterprise will fade and die;—
though fears of loss may have a basis no more reasonable than hopes of profit had before."

Sir John Maynard "Invisible Hand" Keynes
The General Theory of Employment, Interest and Money,
Chapter 12: The State of Long Term Expectation, VII
December 13, 1935


1776- Annuit Cœptis

The Current Economic Crisis: Hell, Meet Handbasket

Prepare for the New World Economic Order

Interest Rates [Credit] are the Cause and Consequence of the Explosion of Income/Wealth Disparities and, Hence, of the Inherent Instability of this Economy:

The Ominous Keynes' Liquidity Trap.
Origin of Economic Chaos.

Everyone Need an Economy, Don't You?

There Is One Solution That Works:
www.17-76.net/

A Credit Free, Free Market Economy
The New World Economic Order.

What Else?...
No One Will Chose Chaos, Will You?

The Only Goal of 1776 - Annuit Coeptis is to Implement It.

Anyone Can Join But Still Needs to Ask for It.
www.17-76.net/

The Purpose Is to Provide Both a New Deal and a New Game.

It is NOT to Fix This Economy Which is Already Beyond Repair.

The Intention Is to Create a New Economy
With the Assets of the Old One Without its Liabilities.

Why Not Insure Against the Worst Case Scenario?

Fed Watch: From Bad to Worse?

Prepare for the New World Economic Order

Interest Rates [Credit] are the Cause and Consequence of the Explosion of Income/Wealth Disparities and, Hence, of the Inherent Instability of this Economy:

The Ominous Keynes' Liquidity Trap.
Origin of Economic Chaos.

Everyone Need an Economy, Don't You?

There Is One Solution That Works:
www.17-76.net/

A Credit Free, Free Market Economy
The New World Economic Order.

What Else?...
No One Will Chose Chaos, Will You?

The Only Goal of 1776 - Annuit Coeptis is to Implement It.

Anyone Can Join But Still Needs to Ask for It.
www.17-76.net/

The Purpose Is to Provide Both a New Deal and a New Game.

It is NOT to Fix This Economy Which is Already Beyond Repair.

The Intention Is to Create a New Economy
With the Assets of the Old One Without its Liabilities.

Why Not Insure Against the Worst Case Scenario?

Be Very Afraid of Deflation

Prepare for the New World Economic Order

Interest Rates [Credit] are the Cause and Consequence of the Explosion of Income/Wealth Disparities and, Hence, of the Inherent Instability of this Economy:

The Ominous Keynes' Liquidity Trap.
Origin of Economic Chaos.

Everyone Need an Economy, Don't You?

There Is One Solution That Works:
www.17-76.net/

A Credit Free, Free Market Economy
The New World Economic Order.

What Else?...
No One Will Chose Chaos, Will You?

The Only Goal of 1776 - Annuit Coeptis is to Implement It.

Anyone Can Join But Still Needs to Ask for It.
www.17-76.net/

The Purpose Is to Provide Both a New Deal and a New Game.

It is NOT to Fix This Economy Which is Already Beyond Repair.

The Intention Is to Create a New Economy
With the Assets of the Old One Without its Liabilities.

Why Not Insure Against the Worst Case Scenario?

Be Very Afraid of Deflation

Prepare for the New World Economic Order

Interest Rates [Credit] are the Cause and Consequence of the Explosion of Income/Wealth Disparities and, Hence, of the Inherent Instability of this Economy:

The Ominous Keynes' Liquidity Trap.
Origin of Economic Chaos.

Everyone Need an Economy, Don't You?

There Is One Solution That Works:
www.17-76.net/

A Credit Free, Free Market Economy
The New World Economic Order.

What Else?...
No One Will Chose Chaos, Will You?

The Only Goal of 1776 - Annuit Coeptis is to Implement It.

Anyone Can Join But Still Needs to Ask for It.
www.17-76.net/

The Purpose Is to Provide Both a New Deal and a New Game.

It is NOT to Fix This Economy Which is Already Beyond Repair.

The Intention Is to Create a New Economy
With the Assets of the Old One Without its Liabilities.

Why Not Insure Against the Worst Case Scenario?