tagged w/ Monetary System
Even years after his death, the Roman Senate continued to cry “Hannibal is at the gates,” using the peoples’ fear of Hannibal exactly as the U.S. government and its lapdog politicians today use the myth of terrorism. We are sacrificing liberty for “security” because of the created, imagined threat of terrorists.
The government bureaucracy will never accept responsibility for the collapsing economy, and the elite who run the United States will never give up power. Instead, they attack U.S. citizens on all fronts.
The grand design is to take the remaining wealth of the American people. The borders are silently closing. Tax havens are being attacked. And every wire coming into the United States is being traced for identity.
Even if U.S. authorities collected every foreign bank account or investment, it would make absolutely no difference in the financial default that is coming. It’s a ruse!
We have professional, lifelong politicians who are paid by the government and directed by the elite. They don’t dare pass legislation to impose term limits to stop career politicians.
The people are now the enemy of the state, and their remaining wealth is seen by the politicians as their solution to maintaining perpetual power. The peoples’ rights, privileges and immunities are being stripped away.
And after the “Arab Spring” last year, Washington suddenly perceived a cyberattack threat to shut down the whole Internet. For what purpose? There is no threat or capability of such an attack. This is clearly an excuse to stop communication among people as the system collapses, and the government can’t sell its bonds. It is desperation, but dangerous. This Internet “cyberattack” is merely a bogeyman to invoke more control.
The Internet has exposed the crisis, and crisis speeds up events when widely known. The Internet is plainly a serious threat to government tyranny.
All governments turn on their own people in their final days in order to retain power. Those who can’t see this or can’t believe it had better assume it and protect what they have before it’s too late.
Gold and silver is historically the perfect hedge against bad government. It is survival and liquidity in the chaos and crisis of failing government, as now. Please, this means gold and silver in your possession. You figure where to keep your coins.
It amazes me how people will buy gold and silver and then trust this survival wealth to somebody else. If you let another person, bank, public vault or any entity “store” your survival wealth, it may not be there — and probably won’t be there — when there is economic mayhem. It’s time to be sober. All of you must know about MF Global and how it used clients’ funds.
Something Americans don’t understand: There can be no free society once government has granted itself the power to confiscate property, imprison people under any pretext (or without a pretext) and without charge. This is now true in America.
Government consumes so much that it has destroyed capital formation. The government is trying to increase taxes without an increase in production.
The food stamp program is the only thing holding off revolution and collapse. Currently, 46 million Americans are on food stamps.
But even in the face of economic chaos, the United States is warmongering under one pretense or another. War hides the crimes of government.
There is enormous suffering ahead for unaware and unprepared people. There is plenty of historical precedent for this, going back to the decline and fall of Rome.
Nothing good can happen to America without major economic and political reform. Can you see it? The rule of law must return to America.
In time, pensions will go, including government pensions. Some in government have already discussed their confiscation, and there is precedence in several countries. These are called unfunded entitlements and are a ghost that grows while we sleep. Watch!
Is there any good news? Absolutely! But first we have to go through the fire of economic and social collapse. When will it happen? No one knows, but it could happen at any time.
Some crisis will come that will trigger economic collapse. Crisis will speed the collapse and the wiping clean of debt.
The U.S. government will not honor its debts in the end. It will default or most likely inflate the currency away. In the meantime, we can expect at least one big, unannounced devaluation until it is done. Devaluation is default.
At some point, there will have to be a new currency. Have you seen the new $100 bill in waiting? I have seen it. Many people believe it’s prepared for a return to a gold standard.
But the old regime that ruined America must go, to be replaced with new statesmen with limited Congressional terms.
A great short-term danger is war. You know about it.
During this time of economic and social crisis, we will need to be self-sufficient in the extreme, something few Americans understand.
Survival means many things. It means stored food and water, energy for warmth, protection from people who didn’t plan, gold and silver coins, barter items, extra fuel for transportation, cash money for two to three months’ expenses, soaps, salt, dried foods, cleaning products, paper products and needed prescriptions.
It is reasonable to expect that the economic winter in which we find ourselves will give way to spring in the form of a lapse in crippling debt and the shrinkage of government.
As confidence in government falls, the dollar price of gold will rise. Confidence in government will continue to go down as the value of the U.S. dollar declines. And it will decline because money printing is the mode of government.
Gold is trading at $1,670 and silver is at $32. Both are on the bargain counter compared to a year from now. There are many dealers. I like Franklin Sanders at The Moneychanger. He has been in business some 25 years and is honest and reliable.
Now about getting money out of the United States: The U.S. government is building a wall around this country and American citizens.
The Feds are tracking everything. This is not fear or scare talk. If you have been reading beyond the controlled media, you know very well the seriousness of the situation.
The time is coming very soon when financial assets will not legally be able to leave the United States. The door is fast closing. One more good option has closed. There are no longer any insurance companies that will issue fixed-premium Swiss annuities to Americans. This is the only type of Swiss annuity I have ever recommended.
There is a provision buried in a 1,400-page Senate highway bill (S1813) that would revoke or deny a passport if a taxpayer owes $50,000 or more in back taxes. These are types of exchange controls I have long warned about.
Hannibal is not the enemy. The enemy comes from within.
http://personalliberty.com/2012/04/16/hannibal-is-still-circling-rome/?eiid=Even years after his death, the Roman Senate continued to cry “Hannibal is at... more
Created by Christian Malazarte
The Fed is in a bind. No matter which way it turns, utter failure is a risk. Putting more money into the system risks no less than the dollar itself. Stopping quantitative easing (QE) risks plunging the economy and financial system into another period of turbulent decline. It looks like the Fed is going to choose the latter.
In a recent report, I made the case that pressure was building on the Fed to end its QE 2 program in June, and that if it did, there would be an enormous rout in the stock, bond, and commodity markets. That analysis still stands.
This new two-part report will analyze the many competing factors, both for and against, that will determine whether QE 2 really is the end of the Fed's efforts at printing up a recovery, or merely the event that precedes QE 3. The factors are numerous and polarized. On the one hand, there are many signs of economic recovery - the very best that a few trillion can buy - and on the other hand, there's $108/barrel oil and a deeply uncertain future for Japan over the next 3-12 months.
Fed Adopting Tougher Posture
Recently the Fed has trotted out several of its governors to make the case that they are serious about ending QE2. Strangely, they chose Friday and Saturday to go on a publicity tour -- days of the week normally reserved for news that is being buried, not exposed.
I found the following news snippets odd, not just because of their Friday/Saturday timing, but because they are all versions of the story purporting that the Fed is "thinking about tightening."
Several Links and Analysis at:
http://www.chrismartenson.com/blog/global-tsunami-courtesy-fed/55822The Fed is in a bind. No matter which way it turns, utter failure is a risk. Putting... more
Yves Smith: State-owned bank a model that publicly-owned banks can work.
The Federal Reserve Scam (VIDEO)
I've noticed lately that one of the primary reasons for people to cling on to usury, even if they are all for a non-interest-bearing money supply, is to encourage saving. However, one cannot make money by saving interest-bearing money.
I want to discuss a more advanced appreciation of money and credit. If you need to get up-to-speed on the current issues facing our monetary system, you'll find Ellen Brown's recent article on money as credit quite useful.
The below is far from complete, but my goal is to invite new thinking which we badly need in our search for an equitable, efficient, and effective monetary system.
Read More: http://globalpoliticalawakening.blogspot.com/2010/11/on-inflation-saving-and-nature-of-money.htmlI've noticed lately that one of the primary reasons for people to cling on to... more
Either in anticipation of QE2 which will cut the value of the dollar by another 50% once another $2 trillion in toxic crap becomes the “assets” backing the viability of the dollar, or just because they are sick of Fed policies, mid-Michigan has taken monetary matters into their own hands, and in one simple act, completely bypassed the destabilizing influence of the domestic currency printers. As ConnectMidMichigan reports, “New types of money are popping up across Mid-Michigan and supporters say, it’s not counterfeit, but rather a competing currency. Right now, you can buy a meal or visit a chiropractor without using actual U.S. legal tender.” The plan is so simple, it just may work – after all if one can’t get away from the Fed’s probing and pickpocketing long fingers, all one has to do is learn to live without its parasitic pieces of paper. And not just paper: “I sell three or four every single day and then I get one or two back a week,” said Dave Gillie, owner of Gillies Coney Island Restaurant in Genesee Township. Gillie also accepts silver, gold, copper and other precious metals to pay for food.” So yes, you can eat gold…. and load up your gas tank with it.
More from CMM:
“Do people have to accept dollars or money? No, they don’t,” Gillie said. “They can accept anything they want or they can refuse to accept anything.”
He’s absolutely right.
The U.S. Treasury Department says the Coinage Act of 1965 says “private businesses are free to develop their own policies on whether or not to accept cash, unless there is a state law which says otherwise.”
hat allows gas stations to say they don’t accept 50- or $100 bills after a certain time of day in hopes of not getting robbed.
A chiropractic office in Lapeer County’s Deerfield Township allows creativity when it comes to payment.
“This establishment accepts any form of silver, gold, chicken, apple pie, if someone works it out with me,” said Jeff Kotchounian of Deerfield Chiropractic. “I’ve taken many things.”
Jeff Kotchounian says he’s used this Ron Paul half troy ounce of silver to get $25 worth of gas from a local station.
While the government and banks don’t accept them, many others do.
So why is there interest in these competing currencies?
Is it just novelty or is there something deeper?
If the ruling kleptocrats, pardon, the Fed, demand on being such an intimate part of everyday life, and procuring all of the population’s real wealth and cash producing assets in the process, said population has a choice of either going with this sheepish approach, and meekly allowing the loaded gun to be parked at its temple, or do what Michigan, with its 99.9% real unemployment, has decided to do.Either in anticipation of QE2 which will cut the value of the dollar by another 50%... more
1/14/2010 Ron Paul discusses the monetary crisis and explains how the average citizen has been cheated, for decades, by the fractional reserve banking system.1/14/2010 Ron Paul discusses the monetary crisis and explains how the average citizen... more
United States Renewable Energy Credits
United States Renewable Energy Credits (US RECs) and United States Peak Renewable Energy Credits (US P-RECs) shall be directly issued to individual United States citizens, age sixteen (16) years or over, who are owners of certified renewable energy (RE) systems.
US Renewable Energy Credits (RECs) and US Peak Renewable Energy Credits (P-RECs) shall be lawful tender for any and all claims of debt, public and private.
One ($1) US Renewable Energy Credit (REC) represents twenty (20) kilowatt-hours (kWh) of certified renewable energy (RE) produced within the United States of America ($1 REC = 20 kWh RE).
One ($1) US Peak Renewable Energy Credit (P-REC) represents ten (10) kilowatt-hours (kWh) of certified grid-tied peak-demand photovoltaic (PV) electricity produced within the United States of America ($1 P-REC = 10 kWh peak-demand RE).
Certified renewable energy for US Renewable Energy Credit (REC and/or P-REC) shall be derived only from environmentally benign photovoltaic (PV) systems, grid-tied solar-thermal electric systems, grid-tied solar water heating systems, grid-tied wind power systems, grid-tied hydroelectric systems, grid-tied closed-loop geothermal systems, cellulosic ethanol and/or organic vegetable oil.
Other than the Sun’s radiation, a minimum of ninety-five percent (95%) of physical natural resources, materials, components and/or labor time contributing toward US Renewable Energy Credit (REC and/or P-REC) shall be produced in the United States of America.
The Treasury shall issue no more than three thousand ($3000) US Renewable Energy Credits (RECs and/or P-RECs) to each individual United States citizen, age sixteen (16) years or over, per month.
US Renewable Energy Credit (REC and/or P-REC) shall be taxable at a total rate no higher than fifteen percent (15%) to be shared equally among the federal, state and local governments of the locations where the certified renewable energy is generated.
US Renewable Energy Credit (REC and/or P-REC) shall be fully redeemable for any and all public or private claims of debt denominated in Federal Reserve Bank ”dollars”, Bank of England ”pounds”, Bank of Canada ”dollars”, Reserve Bank of Australia ”dollars”, Reserve Bank of New Zealand ”dollars”, Swiss National Bank ”francs”, European Central Bank ”euros”, World Bank Group “SDRs” and/or any other central-bank currency.
The real price of petro-banking – including military costs and replacement value, but excluding health and safety – is over $1 million ($1,000,000) Federal Reserve Bank debt per gallon. Too expensive to burn?
There is no shortage of energy, there’s just a shortage of common sense.
http://groups.yahoo.com/group/GlobalRelationsUnited States Renewable Energy Credits... more
By Greg Hildreth
People generally trust the government and the Federal Reserve to run our monetary system. I submit that this trust is misplaced and that the Federal Reserve System is not compatible with a free society.
Private banking corporations own the Federal Reserve.
These corporations enjoy a government-granted monopoly on the creation of our money. These banks earn interest by lending the money they create.
Our currency, the Federal Reserve Note (commonly called the dollar), is a fiat currency and, as such, is not backed by gold, silver, or any other commodity.
The Federal Reserve System was legalized in 1913 with the passage of the Federal Reserve Act.
The act was sold to the public as a way to “break the grip of the money trust” but the details of the system and its functions were drafted and agreed upon by the financial elites of the day. History has shown the system to benefit the financial elite and the Federal Government at the expense of the middle class and the poor.
In 1933, under President Franklin Delano Roosevelt, gold was confiscated from the American public and a law passed forbidding citizens from owning gold bullion (Executive Order 6102 and the Gold Reserve Act of 1934).
Confiscated gold was redeemed at $20 an ounce. Afterword gold was “revalued” at $35 an ounce. This event makes clear that the Federal Government was not being honest with the American public about the value of the metal or, more importantly, the value of the Federal Reserve Note.
It can be argued that the Federal Reserve’s reckless expansion of credit (the Roaring Twenties) was the root cause of the Great Depression.
Instead of admitting the system’s insolvency the government bailed the system out at the expense of the liberty and treasure of the American Public. Sound familiar?
Today’s Federal Reserve Note is worth about 5 cents compared to the dollar that the Federal Reserve inherited in 1913. Gold is now selling around $1,000 an ounce. The actual value of the precious metal is not changing so much as the value of Federal Reserve Notes is depreciating.
The Federal Reserve prints money, not wealth. Newly created money gains its purchasing power by devaluing the existing stock of money. This is why prices go up.
The purchasing power that is lost from the existing money stock is transferred to the financial elites, the government, and, by extension, the politically connected. This process is immoral and causes untold harm to our economy and political process.
The Federal Reserve is protected by law from being audited in such important areas as: “transactions conducted on behalf of or with foreign central banks, foreign governments, and non-private international financing organizations … and open market operations …” and the list goes on.
Why aren’t we allowed to know? Who does the system really protect?
The history of central banking is quite dramatic and thought provoking. I encourage concerned citizens to investigate and scrutinize. As a nation we have great challenges on the horizon and there must be a vigorous intellectual debate on behalf of liberty and a free society.
“I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.” — Thomas Jefferson.By Greg Hildreth
People generally trust the government and the Federal Reserve to... more
3 years ago
Douglas Rushkoff, author of NY Times bestseller, Life Inc. describes the DIY model of living that not only applies to filmmaking but to life itself. he cites how our current bank centered money system evolved from a personal based money system due to the aristocracy becoming comparatively poor to the masses of average people. The present condition of our society with capitalism and banking in a state of jeopardy lends itself to an opportunity for us to effect a new DIY model.Douglas Rushkoff, author of NY Times bestseller, Life Inc. describes the DIY model of... more
This Guy Lorax2013 From Youtube is great. He speaks about alot of different issues, This issue I feel needs to be addressed more. But the Fed and the Banking Houses that control the Money in America, and soon to be World don't want You to learn how the Money System works.
Watch the video and others from this guy.
I leave You with this quote from Henry Ford: "It's a good thing that most American's don't understand the Money system in this Country. If they did, tomorrow morning there would be a Revolution"This Guy Lorax2013 From Youtube is great. He speaks about alot of different issues,... more
Many economists tend to be academic rather than practical. Since getting his PhD in 1980, Enzio von Pfeil has focused on stocks, bonds and currencies and has proven that his knowledge and advice are not just for the classroom or boardroom.
His own bond portfolio has grown by over 140% since April 1999, and his stock portfolio has outperformed the markets which he invested in 23 times through to early 2006. He has lived in Hong Kong, funded by his own investment portfolio, since 1990
Enzio studied in Freiburg, Germany, under Nobel Laureate Friedrich von Hayek. He has worked for some of the world’s leading banks – JP Morgan, Warburg and Schroders – as well as being a private banker in Istanbul for American Express and Chief Economist for Smith New Court Far East and for ABN AMRO. He has advised many of the leading investment houses of the world, and has written books on direct investments and on currencies.
He covers global economics for Bloomberg-Germany and for Bloomberg-UK, and appears frequently on many other financial news channels around the region, in particular CNBC.
Enzio provides hands-on, practical investment advice. His key tool is The Economic Clock® which he has been honing since 1994. His strategy is simple, and easily understood: minimize risk, maximize returns by investing on the basis of cycles and themes. Enzio firmly believes that money is made by not churning/overtrading, and by not putting too many eggs into one investment basket. He operates on a six-month view.Many economists tend to be academic rather than practical. Since getting his PhD in... more
The Federal Reserve is one of the most powerful and secretive institutions in Washington, long considered beyond the reach of lawmakers. But now, as details emerge of how the Fed secretly doled out more than a trillion dollars during the financial crisis, a rare bipartisan movement in Congress demands that the Fed be held accountable.
If you agree that the Federal Reserve should be audited, please contact your Senate representative to voice your opinion.The Federal Reserve is one of the most powerful and secretive institutions in... more
'The sample of the first “test” currency from the international project for a new virtual global currency, given the draft name, “United Future World Currency – Eurodollar”, will be presented as an exclusive gift to Heads of State and Government at the G8.'
As an innovator in various forms of mediums of exchange, I would like to hear opinions from the Current.com community regarding a global currency.
Would you support a local community currency? If so, what should its physical material be comprised of? Should it be backed by other currency, commodities, or other local initiatives (i.e.; community loans) to support and encourage local commerce?
I appreciate any and all input.'The sample of the first “test” currency from the international... more
According to an ongoing CNN poll, the view is optimistic.
What do you think.
Taking prognostications.According to an ongoing CNN poll, the view is optimistic.
What do you think.... more
Here is an interesting story on the resurgence of bartering. Get ready for the day when your credit card no longer works.
Skills or goods, which will you have?Here is an interesting story on the resurgence of bartering. Get ready for the day... more