GreenSpan's theory widened and theorized. Confiscation of a countries Wealth through Deficit spending.

http://www.constitution.org/mon/greenspan_gold.htm
"Deficit spending is simply a scheme for the confiscation of wealth."
As Green Span has concluced in regards to the gold standard towards a micro approach to individual economic participants. It can also then be applied at whole t a countries wealth in the same manner.

Green span states that
"gold and economic freedom are inseparable" I believe this is true because it creates a root economics of reality. As in perception towards a cloud economics which is easily manipulated and trended towards certain ventures. However, with a gold standard it is easy to state liquidity. Which means during times of trough, recession or possible depression that country could then hold rank via liquidity. As such it would be seen that the US has relied way to much on Deficit spending. I was with President Obama for the stimulus and I am with him again for the small business stimulus. Don't get me wrong I am against Deficit spending, but, I am hugely against Communsit SOE aquisition of our economy.  However, it will not matter if we do not deal with the Chinese Communist Economic Blitzkrieg strategy which uses an aggregate of points to create a higher liquidity via, manufacturing, production and an intra economy that is well protected via SOE cartels at a high rate of market shares of above 40%. Which then allows them to stay on top of the trough, recession, and possible depression so they can use their aquisition strategy to further their PLA dreams of beating out America and implementing their ideas of Single Party Democratic Dictoraship.

"Money is the common denominator of all economic transactions. It is that commodity which serves as a medium of exchange, is universally acceptable to all participants in an exchange economy as payment for their goods or services, and can, therefore, be used as a standard of market value and as a store of value, i.e., as a means of saving."

This below statement by GreenSpann would go good with my Credit Crunch theory as applied to the Servy Curve which I believe drives the free market business cycles and George Soros boom bust theory:
"When banks loan money to finance productive and profitable endeavors, the loans are paid off rapidly and bank credit continues to be generally available. But when the business ventures financed by bank credit are less profitable and slow to pay off, bankers soon find that their loans outstanding are excessive relative to their gold reserves, and they begin to curtail new lending, usually by charging higher interest rates. This tends to restrict the financing of new ventures and requires the existing borrowers to improve their profitability before they can obtain credit for further expansion. Thus, under the gold standard, a free banking system stands as the protector of an economy's stability and balanced growth. When gold is accepted as the medium of exchange by most or all nations, an unhampered free international gold standard serves to foster a world-wide division of labor and the broadest international trade. Even though the units of exchange (the dollar, the pound, the franc, etc.) differ from country to country, when all are defined in terms of gold the economies of the different countries act as one — so long as there are no restraints on trade or on the movement of capital. Credit, interest rates, and prices tend to follow similar patterns in all countries. For example, if banks in one country extend credit too liberally, interest rates in that country will tend to fall, inducing depositors to shift their gold to higher-interest paying banks in other countries. This will immediately cause a shortage of bank reserves in the "easy money" country, inducing tighter credit standards and a return to competitively higher interest rates again."

"Periodically, as a result of overly rapid credit expansion, banks became loaned up to the limit of their gold reserves, interest rates rose sharply, new credit was cut off, and the economy went into a sharp, but short-lived recession." This seems to happen in correlation to my theory of the service bell curve and in regards to supply and demand of the service industries as the government creates laws to boost that service. i.e. .com's and  mortgages my dooms day prediction is the insurance industry as we have had a trough now  a recession, so it is believed in non professional opinion that all the left over small point problems from the trough and now the recession will add to our next free market business cycle down turn as the service industry bell curve normalizes and employment lowers along with the ripple effect of such a leading indicator of the free market business curves. This left over financial problems will cause once again a run on liquidity as we have seen during the trough and recession. However, this time China will come out way above the US and will start to take the lead. My worst premonition is that the US will head into high unemployment around 14% and then will try and inflate again like we did this time. As we have not properly dealt with Chinese SOE's cartels or Economic Blitzing strategies. This then will cause the US to lose more political clout and China again will run its back door campaign that it is the US's fault, and we should run an international currency that is aligned to the Chinese strategy of wealth via their Blitzing strategies which can incur high debt holdings and foreign currency reserves. Along those lines China is currently using their massive absolute advantage in producing to gain resources contracts at ease by using their SOE cartel monopsonies to push out other bidders in certain areas of high strategic economic warfare importance like Gold, Copper, Lithium and other futures in high tech manufacturing. As again China does not  care about comparative advantage and cares more about a centralized economy that runs a high protection regime of 40% of their GDP. This then leads way for the many areas of respected need for research. However, currently the Chief DOD again is going to shut down military operations and government funded strategic operations based on this economic crunch. Much like what we saw after the .com where they shut down military bases right and left for economic purposes. Now however, to cause the most serious detriment they are trying to shut down an international strategic intelligence bases that creates massive amounts of research for international military and country cooperation. Which is needed for our generals, counselors and leaders to have their briefs for their clerks and their clerks ready to battle with notes, narrowed briefs and to back their teachers. This closure will do huge hits to out futher abilities to understand our allies and possible allies, as the full scale of the power of intellegence will be shut down. Taking out many intellegence generals funding and their clerks that are on a need to know bases on how to make sure our friends stay friendly for trade, safety and and the most important area, terroist international couperation. Our intellegence bases are very important. The fact that our leaders are on a basic ideal of well lets just hawk stuff, instead of well lets get out there and get another job bothers me. It is theory of economics that has caused us to trough and now recession. The brightest of us can see that there is a single player that seems to be leading the circumstances.

"The excess credit which the Fed pumped into the economy spilled over into the stock market, triggering a fantastic speculative boom."

"But the welfare statists were quick to recognize that if they wished to retain political power, the amount of taxation had to be limited and they had to resort to programs of massive deficit spending, i.e., they had to borrow money, by issuing government bonds, to finance welfare expenditures on a large scale." This idea has become paramount in economic warfare. As China relies heavily on their strategy for the US to be dependant on them to buy bonds and debt form the US. Then in turn causing China to have the upper hand as it can gain trade surplus, foreign currency surplus, and foreign debt holding surpluses.


"The holder of a government bond or of a bank deposit created by paper reserves believes that he has a valid claim on a real asset. But the fact is that there are now more claims outstanding than real assets. The law of supply and demand is not to be conned. As the supply of money (of claims) increases relative to the supply of tangible assets in the economy, prices must eventually rise. Thus the earnings saved by the productive members of the society lose value in terms of goods.'
This statement goes well with my relative theory to all of this for later on though. Regarding the degradation of pensions, social security and the American savings. Also linked to this theory of none proper relation to anti-trust laws to China through a cloud economics based on deficit spending where China wishes to base its international currency on liquidity as tangible holdings of foreign assets, and intra production units.

As such in a welfare statitis state in which the free markets have become due to their loss in manufacturing and high technological production to China's massive absolute advantage. I believe it can be seen that China is going after all major facets of any form of monetary valuation. That is cloud economics through, foreign reserves, liquidity through producing units held through cheating theories of SOE's and cartel activities along with a failed free market theory of absolute advantage (see Senator Sherman's life story),plus they are currently as stated above going for a huge resource acquisition. As they produce everything they therefore, can easily slip into high tech resources without alarm to cheating style contractual bidding's via multiple SOE's that are controlled and owned by the same company the Communist Chinese Party. This again, leaves way for the Chinese to take the helm of the world. Through a fallacious theory, uncompetitive unfair tactics, and free markets that are afraid to stand up and take their manufacturing power back for their lower and middle classes who need jobs and a country that needs to produce value by manufacturing units for underdeveloped countries to develop. Much like we are seeing with China starting to dump machinery and huge units on underdeveloped countries through the use of free trade contracts. As no one is briefing them or teaching them why it might be bad. Maybe you might want want to pay me to be a professional.