Usury Like Sodomy Is Getting Something for Nothing

in #steempress5 years ago


Source: Henry Makow


John Maynard Keynes -- Famed Economist was Gay Pedophile

July 29, 2019

38-John-Maynard-Keynes-Get.jpg

"Keynes was the chief intellectual influence on English public life in the twentieth century," -- biographer Richard Davenport-Hines.

Keynes' name is synonymous with stimulus spending and debt, which enriches the central bankers.He is additional evidence that pedophiles run Western society on behalf of the Rothschilds.

"Keynes was a libertine hedonist who wasted most of his adult life engaging in sexual relationships with children, including travelling around the Mediterranean visiting children's brothels. [This is verified by references in his letters. See footnotes] ...Keynes was part of a generation that rose against Victorian traditions and regarded them as a repressive institution to be brought down. It is impossible to understand the economics of Keynes without understanding the kind of morality he wanted to see in a society he increasingly believed he could shape according to his own will." Saifedean Ammous The Bitcoin Standard p.95

John Maynard Keynes: New biography reveals shocking details about the economist's sex life

by Sean O'Grady

(henrymakow.com)

Putting "sex lives of politicians" into Google yields 6,820 hits. The Roman emperors score 3,220. For great artists, it's a respectable, if that's the word, 2,090 hits. But "sex lives of economists"? "No results found".

Perhaps that's to be expected for what Thomas Carlyle described as the "dismal science". Yet the greatest and most revolutionary economist of the 20th century, John Maynard Keynes, (1883-1946) applied the same sort of unconventional adventurism to his sex life, and this most intellectual of men was also possessed of considerable carnal curiosity. In the latest biography of him, by Richard Davenport-Hines, we learn a great deal more about his habits.

cover-keynes.jpg

Basically, Keynes collected and catalogued his sexual activities as obsessively as other men did postage stamps (indeed that was an early hobby of his - make of it what you will). He kept detailed records of encounters, with names or initials of partners, allocated by year from 1901 - his first sexual experience, with a fellow Etonian, at age 17 - though the classification had ceased by 1925, when he married the Russian ballerina Lydia Lopokova.

She was no beard - they were deeply in love, and apparently greatly enjoyed foreplay: "I want to be foxed and gobbled abundantly," he once wrote, while she referred to his "nimble fingers". He wasn't a perfect lover, however, and was rumoured to suffer premature ejaculation. Wittgenstein went on honeymoon with them, which can't have helped.

Bi, bi-curious, gay, straight, or what? Keynes seems, successively, predominantly homosexual and then mostly heterosexual, changing his mind - radically - about the balance of his sex life in middle age, much in the way he rejected classical economics for his new theories. ("When the facts change, I change my mind. What do you do, sir?")

Before then - it's not known whether he was monogamous after his marriage - he was promiscuous and in Edwardian times, as now, there was plenty of cruising, if you wanted it. And Keynes did. He went "feasting with panthers" in railway carriages, Cambridge colleges, and across London - Soho and Bloomsbury were centres of this demimonde, as were public parks and baths.

maurice.jpg

One list reveals his catholic tastes: "Stable boy of Park Lane; The Swede of the National Gallery; The Soldier of the baths; The French Conscript; The Blackmailer; sixteen-year-old under Etna; Lift boy of Vauxhall; Jewboy; Grand Duke Cyril of the Paris Baths..."

He had 65 encounters in 1909, 26 in 1910, 39 in 1911... Thus did Keynes at least meet people from less privileged backgrounds and less clever than he - which may have made him more liberal and tolerant. That in turn gave his economic mission - to ensure everyone had the means of life and to enjoy the arts - a personal motivation.

There were longer lasting affairs too, the most significant being with Duncan Grant, an artistic dilettante and former lover of Lytton Strachey. When the latter found out about Maynard it sparked a bitchy reaction; "Oh heaven! Heaven! The thought recoils, and I find myself shrieking and raving." Keynes was "reeking of that semen".

Rent boys were not ruled out, nor ménages à trois. A Mrs Anderson, for example, was picked up because she wanted to watch "you two boys having a bit of fun together". This later developed into a foursome, with a bowler-hatted young man from Ealing joining in: Keynes nipped out to get him much as you might pop to the shops if you'd run out of milk.

Please go to Henry Makow to read the entire article.

________

Source: Michael Hudson

The Coming Savings Meltdown

By Michael Hudson | Sunday, July 28, 2019

Debts that can't be paid, won't be. That point inevitably arrives on the liabilities side of the economy’s balance sheet.

But what of the asset side? One person's debt is a creditor’s claim for payment. This is defined as "savings," even though banks simply create credit endogenously on their own computers without needing any prior savings. When debts can’t be paid and debtors default, what happens to these creditors?

As President Obama showed, banks and bondholders can be bailed out by new Federal Reserve money creation. That is what the $4.6 trillion in Quantitative Easing since 2008 was all about. The Fed has spent the last few years supporting stock market prices (and holding down gold prices) by manipulating the forward option markets.

But this artificial life support to keep the debt overhead afloat is nearing the reality of the debt wall. The European Central Bank has almost run out of available euro-bonds to buy. The new fallback position to keep the increasingly zombified U.S. and Eurozone financial markets afloat is to experiment with negative interest rates.

Writing down savings by a few percentage points helps bring the glut of creditor claims marginally back towards balancing bank deposits with the ability of debtors to pay. But such marginal moves are rarely sufficient. A quantum leap is needed.

Governments have long followed a basic guideline when faced with a need to devalue their currencies (for instance, as the dollar was devalued against gold in 1933). Nothing is worse for a politician or central banker than to be overly shy when it comes to devaluation. The motto is, "Always depreciate to access." That means at lest 25 percent, often a third when a basic structural adjustment is needed.

The recent experiment in negative interest rates writing down savings as a necessary compliment to the inevitable debt writedowns means that financial policy makes are beginning to fact the hitherto unthinkable fact that many zombie companies and debtors have no foreseeable means of paying the amounts that they owe on paper.

The tendency of debts to grow exponentially at rates in excess of the economy's ability to create an economic surplus to pay creditors has been known for nearly 5,000 years. My book "… and forgive them their debts" describes how ancient Near Eastern rulers recognized the inherent tendency of financial dynamics to cause instability, leading to debt bondage and forfeiture of land to creditors.

To prevent this rising indebtedness from tearing their realms apart, rulers started their first full year on the throne by clearing away the overhang of arrears that had been accruing on personal and agrarian debts. The aim was to restore an idealized "mother condition" in which bondservants were liberated, able to start with a Clean Slate with their self-support land returned to them, in balance with regard to their income and outgo.

An analogy would be the idyllic condition that the U.S. economy would achieve if we could restore the financial situation that existed in 1945. The end of World War II left an economy in which most families were almost debt-free. Families and businesses and were rife with cash, as there had not been much opportunity to spend during the wartime years, and the Great Depression had wiped out substantial debts. Returning soldiers were able to start families and buy homes by committing to pay only 25 percent of their income for 30 years. This era was as close as the United States came to a Clean Slate. Today it seems an unrecoverable golden age – as the ancient Near East seemed to be to debt-wracked imperial Rome.

Germany's Economic Miracle consisted of its Allied Monetary Reform of 1948 – a Clean Slate erasing most personal and business. That debt cancellation was fairly easy because most debts were owed to Nazis, and the Allies were glad to see their savings claims for payment wiped out.

Fast forward to today: Indebted students graduate with an obligation to pay so much education debt that they cannot qualify for mortgages to buy homes of their own. Marriage rates are down, U.S. home ownership is plunging, and rents are rising.

Automobile debt also has soared, leading to rising default rates second only to student debt defaults. The overhang of junk-mortgage debts that crashed the economy in 2008 remains on the books of families who managed to survive the ten million foreclosures under the Obama bailout of Wall Street. (His constituency turned out to be his Donor Class, not the junk-mortgage victims among his voters. He characterized them as "the mob with pitchforks" to the banksters he invited to the White House to celebrate his bailout.)

By driving down interest rates, the Fed's policy of Quantitative Easing has subsidized an enormous debt buildup without increasing the interest burden proportionally. This has enabled corporations to carry much higher debt and even indulge in leveraged buyouts and stock buyback programs.

This QE policy has made financial engineering much more enriching than industrial engineering. But it has painted the U.S. and European economies into a corner. At some points interest rates will inevitably begin to rise back up. Some countries will have to increase rates in order to borrow to stabilize their exchange rates when their balance of trade and payments falls into deficit. Other countries will simply see that the game is over and will give up the pretense that the personal, corporate and public-sector debt overhead can be paid.

It is to prepare for this inevitable eventuality that Europe is experimenting with its trial run of negative interest rates. Once the technique is established, it will prepare the way for the inevitable step of writing down national savings in line with the economy’s ability to pay.

That ability is shrinking much more than at any time since the 1920's, which gave way to the Great Depression despite the many debt writedowns of 1931-32. The exponential mathematics of compound interest have created more and more claims on personal income and corporate cash flow, leaving less and less to be spent on goods and services.

Until a debt writedown occurs, storefronts will continue to close, arrears will mount, students will continue to postpone marriage and family formation, high-risk bonds will begin to give way and default.

Please go to Michael Hudson to read the entire article.

________

Have a look at this related obscenity:

More vulgarity from the military:

US Navy SEAL Team Removal Reportedly Caused By Alleged Rape, Alcohol Abuse



Posted from my blog with SteemPress : https://www.abeldanger.org/usury-like-sodomy-is-getting-something-for-nothing/

Coin Marketplace

STEEM 0.35
TRX 0.12
JST 0.040
BTC 70601.11
ETH 3576.21
USDT 1.00
SBD 4.78