Filed under: 14th amendment, anti-human, Bank of England, Big Banks, Britain, british commonwealth, bush, CFR, chase, Colonialism, corporation, corporatism, David Rockefeller, Dictatorship, duke of edenburgh, eminent domain, Empire, Eugenics, Europe, Federal Reserve, Genocide, george washington, global elite, global government, global oligarchs, Goldman Sachs, imperialism, indentured servant, internationalist, internationalists, IRS, John Kerry, JP Morgan, king of england, mafia, masons, nation building, New World Order, North American Union, NWO, obama, occupation, oligarchy, One World Government, paul warburg, pope, private bank, property rights, queen elizabeth, queen of england, revolution, revolutionary war, rockefeller, rothschild, royal bloodlines, Secret Societies, skull and bones, slavery, Social Security, Taxpayers, truth movement, United Kingdom, US Constitution, us sovereignty, US Treasury, vatican, virginia, voluntary servitude, Washington D.C., White House, world government | Tags: crown colony, king george, king james, real us history, title of nobility
U.S. is a ‘Federal Corporation’ British Crown Colony
Filed under: audit the fed, Credit Crisis, DEBT, devaluation, Dollar, dollar collapse, dollar dump, Economic Collapse, economic depression, end the fed, Federal Reserve, Great Depression, Greenback, hyperinflation, Inflation, Joe Scarborough, morning joe, MSNBC, private bank, Ron Paul, TIME, US Economy, Wall Street
Financial Crisis Perpetrator Bernanke Hailed As World’s Saviour By TIME
The real person of the year, Ron Paul, puts the record straight
Steve Watson
Prisonplanet.com
December 16, 2009
Federal Reserve chairman Ben Bernanke has been named TIME person of the year for 2009 and hailed as a saviour when in the real world he has overseen the worsening of the financial crisis, the looting of the American economy by foreign offshore banks and the destruction of the Dollar.
In a world where those vastly escalating war are awarded the Nobel Peace Prize, it makes perfect sense to award the Federal Reserve chairman with person of the year.
“His creative leadership helped ensure that 2009 was a period of weak recovery rather than catastrophic depression, and he still wields unrivaled power over our money, our jobs, our savings and our national future.” writes TIME.
The magazine also bizarrely states that Bernanke launched “a groundbreaking public relations campaign to demystify the Fed”, despite the fact that the chairman has consistently lobbied Congress for protection of the Fed’s “independence” (read secrecy), while categorically refusing to answer questions regarding the Fed’s decision making.
Bernanke has overseen the handing over of trillions of dollars to foreign banks and has defied lawsuits to keep secret the destination of the money from the American people.
The timing of the announcement couldn’t be more perfect. As NBC’s Matt Laur pointed out, Bernanke can go to Capitol Hill tomorrow, hold up TIME magazine and ask to be reappointed as Fed chairman.
Of course, if TIME’s person of the year award was really judged on toil in the best interests of the American people, the clear winner would be Congressman Ron Paul, who has railed against the Fed and Bernanke with great success this year.
Paul’s tireless effort to wrestle power away from the Federal Reserve and put it back into the hands of the American people has seen a major victory with the progression of legislation slated to audit the Fed and put it’s activities under public scrutiny.
Paul has consistently exposed how the Fed has delivered the financial crisis to America and the world via excessive spending, debt expansion and monetary inflation.
Instead TIME’s article on Bernanke refers to Ron Paul in the context of “Bleeding-heart liberals and tea-party reactionaries”.
Paul gave his opinion on the announcement regarding Bernanke on MSNBC’s Morning Joe earlier today, commenting:
“He is the most powerful man in the world, I believe a case can be made for that.”
“Because he controls the supply of money, the Dollar which is the reserve currency of the world. He can create a trillion dollars in secret without any monitoring of the Congress. So there is no transparency and I think he is more powerful than the president.” the Congressman added.
“The big question is, has he used that power for good or for evil? And of course, my side of the argument is that the system is evil, and the chairman, whether it’s Greenspan or Bernanke, they can do no good.”
“They cause our troubles, they cause inflation, they cause the bubbles, and therefore the bust, the correction is always their fault.” Paul stated.
Watch the full interview below:
Filed under: audit the fed, DEBT, Dissent, Dollar, Economic Collapse, economic depression, Economy, end the fed, Federal Reserve, Great Depression, Greenback, hyperinflation, Inflation, private bank, Protest, Ron Paul, street action, Texas, truth movement, US Economy, Wall Street, We Are Change
End the Fed San Antonio (11-22-2009)
Filed under: alan grayson, audit the fed, Big Banks, campaign for liberty, Credit Crisis, DEBT, Dollar, dollar collapse, Economy, economy collapse, Federal Reserve, GAO, Great Depression, Greenback, Inflation, Mel Watt, private bank, Ron Paul, secret meetings, Stock Market, tarp, US Economy, Wall Street | Tags: House Financial Services Committee, watt amendment
Ron Paul’s Fed Audit Bill Passes House Financial Services
Politico
November 20, 2009
The House Financial Services Committee has approved Rep. Ron Paul’s measure to drastically expand the government’s power to audit the Federal Reserve.
The measure, based on a Paul proposal that has attracted more than 300 co-sponsors, passed, 43-26, as an amendment to a financial reform bill. Florida Democrat and fellow Fed critic Alan Grayson co-sponsored the amendment with Paul and played a leading role drumming up support for it among committee members. The adoption of this amendment is an extraordinary victory for Paul, whose libertarian, anti-Fed leanings have often been dismissed by the political establishment.
The amendment would give the Government Accountability Office much greater to audit the Federal Reserve, which has a long history of independence from congressional audits. Paul and Grayson beat out a competing measure offered by Rep. Mel Watt (D-N.C.), who after weeks of negotiations with the pair felt their measure would threaten the Fed’s monetary policy.
Grayson, however, told POLITICO in an interview that Watt’s amendment would add more restrictions on the GAO’s ability to audit the Fed, not less. “And there’s a crying need to expand it because the Federal Reserve has completely changed the way it’s done business since a year and a half ago.”
The House Financial Services Committee will vote on approving the underlying bill after Thanksgiving recess.
Filed under: 2012 election, abc news, campaign for liberty, cental bank, Credit Crisis, DEBT, Dollar, Economic Collapse, economic depression, Economy, Federal Reserve, George Stephanopoulos, global economy, gold, gold shortage, gold standard, Great Depression, Greenback, hr 1207, hyperinflation, India, Inflation, private bank, Ron Paul, ron paul 2012, sam donaldson, silver shortage, Stock Market, US Economy
Sam Donaldson: End The Fed Before They Do Further Damage
Filed under: bailout, bank bailout, Big Banks, China, Credit Crisis, DEBT, deflation, devaluation, Dollar, dollar collapse, Economic Collapse, economic depression, Economy, Federal Reserve, global currency, global economy, Great Depression, Greenback, hyperinflation, imf, Inflation, interest rate cuts, Japan, liquidity, market manipulation, private bank, rate cut, SDR, SDRs, Stock Market, US Economy, Wall Street, world currency, Yen
Even the Fed Doesn’t Want to Hold U.S. Dollars
Seeking Alpha
Friday, October 23, 2009
This is the scariest image in finance:
The above chart shows the dollar’s performance since the Fed announced its Quantitative Easing program in March. This chart tells us two things:
1. Americans just got 15% poorer on the world stage thanks to Ben Bernanke
2. A currency crisis is in the works (and perhaps already starting)
Regarding #1: When the financial crisis hit, the Fed realized it would need to keep interest rates low while it attempted to bail out the banks (80% of the $200+ trillion in derivatives sitting on commercial banks’ balance sheets are related to interest rates).
The problem with this is that it makes Treasuries very unattractive to foreign investors (China & Japan) who want a higher yield. Consequently, the Fed decided to pick up the slack by buying $300 billion worth of Treasuries through the now famous Quantitative Easing program.
As I noted last week, the Fed is now the largest buyer of US debt (it bought more debt than the next three largest buyers combined in 2Q09). China and Japan are no one’s fools. And they’re not going to fund a monetary policy that is both profligate and likely to erode the value of their dollar holdings.
Which brings us to item #2: the coming dollar crisis.
I am not a huge fan of technical analysis, but it is a useful tool for navigating a trader-heavy, liquidity driven, manipulated market such as today’s. On that note, I want to point out that the dollar began forming a falling bullish wedge pattern starting in June (see above chart). This pattern entails an ever-tightening range of lower highs and lower lows and typically precedes major breakouts to the upside.
Except it didn’t.
As you can see, the dollar broke down out of this pattern in late September. It then rallied back up into the trading range before breaking down again. This is bad news. The next line of support (place where the dollar could bounce) is 76. We’ve already broken that one too.
Now the next line of support is 72. Now, the dollar has only fallen to this level once in the last 30 years (Summer 2008, see the chart below). If we fall below that, then we’re in uncharted territory and a major dollar devaluation is in the works.
Perhaps it’s already happening.
To review a point made earlier, the dollar has lost 15% of its value since March 2009. On an annualized basis, we’re talking about the dollar losing almost a third of its value in one year (30%). That is an absurd level of devaluation. And China, Japan, etc. have had enough. It is now clear that a flight from the dollar has begun; the Fed buys more US debt than the next three biggest buyers combined.
However, what most people don’t realize is that even the Fed itself is shifting away from the dollar. Everyone knows that China and Japan hold massive foreign reserves (the dollar). But the US Federal Reserve does this too (we own euros, yen, etc.). And for some reason the amount of foreign reserve assets (non-dollar assets) on the Fed’s balance sheet skyrocketed by 50% to $133 billion at the end of August.
Now, $133 billion in foreign reserves is nothing compared to China and Japan’s ~$3 trillion. But a 50% increase in one week is an astounding rate of change.
The culprit?
A 500% increase in SDRs: the “global” currency issued by the IMF. The blog ZeroHedge caught this story first and pointed out that SDRs are the IMF’s means of maintaining a “super reserve” currency for the world. SDRs are defined as: a basket of currencies, today consisting of the euro, Japanese yen, pound sterling, and U.S. dollar.
Now, one has to wonder why the US Federal Reserve decided to suddenly buy $40 billion worth of SDRs overnight. The answer is that the IMF decided to massively increase the amount of SDRs outstanding from SDR 21 billion to SDR 204 billion in late August.
This came as part of a G20 decision made in April 2009 to stabilize the global financial system. Interestingly, of the countries involved in buying SDRs, the US bought the most at SDR 30 billion, compared to Japan (SDR 11 billion), and China (SDR 6 billion).
I realize this is getting a bit technical. But in simple terms this means that the US Fed intentionally participated in a world reserve currency scheme that devalued the dollar.
Folks, even the Fed doesn’t want to own dollars. It’s time to look for a currency that can’t be devalued.
Filed under: bernanke, common currency, Credit Crisis, DEBT, deflation, Dictatorship, Dollar, dollar collapse, Economic Collapse, economic depression, Economy, Empire, Fascism, Federal Reserve, fiat currency, global bankers, global central bank, global currency, global economy, global elite, global government, global treasury, Globalism, globalist elite, Great Depression, Greenback, hyperinflation, imf, IMF bonds, Inflation, internationalist, internationalists, jimmy carter, main street, New World Order, NWO, Oil, One World Government, OPEC, private bank, SDR, SDRs, single currency, socialism, sovereignty, Stock Market, super currency, Tim Geithner, U.S. treasury, UN, united nations, US Economy, US Treasury, Wall Street, world currency, world government
Confidential Memos Indicate Oil SDR Pricing Shift Would Be “Most Damaging” To United States
Zero Hedge
October 12, 2009
A recently declassified, formerly Confidential, 30 year old memo prepared by Henry Owen for President Jimmy Carter’s eyes only, highlights the perils facing the United States if oil were to be priced in SDRs instead of dollars, a topic which is all the rage today as rumors are swirling that this is an imminent transition to be “put” upon the United States.
In response to your request, we have considered, and discussed with other agencies, whether the US should favor use of SDRs instead of dollars, to pay for crude oil… I have concluded that dollar pricing should be maintained — a view that is shared by State, Treasury and CEA.
The reasons:
1. An announcement that dollars were no longer being used as the unit of account in paying for oil would trigger selling of dollars on the foreign exchange markets. So we would suffer.
2. I don’t see any offsetting gain, since OPEC would probably raise prices in SDR terms, as necessary to recover revenue losses if the SDR appreciated relative to the dollar.
And the conclusion:
We might be able to persuade the OPEC countries to make the shift if the dollar weakened but that’s precisely when the move would be most damaging to us.
Poor Mr. Owen- little did he realize that a mere 3 decades after this memo was penned, the administration would be consumed by a bunch of Wall Street pandering, middle class extortionists, who seek nothing else than to inflate the trillions of toxic “asset” loans that make up the broken backbone of the American financial system. It would come as no surprise if the move is now in fact spearheaded by the same administration which has no other purpose in life than to destroy what little savings Americans have and to throw all their cash to prop up artificially inflated equity prices so that insiders can sell their stock at agreeable levels, and so the toxic companies can use the run up to issue follow on offerings, moderating their untenable debt holdings.
Even more troubling, in another declassified memo, former Undersecretary of the Treasury and President of the New York Fed, Anthony Solomon, reaches this damning conclusion:
The choice of the unit of account for oil pricing is basically under the producing countries’ control. There is no particular economic reason why a shift from the dollar would be contrary to U.S. interest — unless the dollar were to depreciate significant in relation to the currencies in the pricing basket. But there could be major psychological effects. Given the unsettled conditions in the foreign exchange market [TD: so true today, 30 years later], such a step at this time could be interpreted as a lack of confidence in the dollar and as presaging a shift in OPEC investment policy away from the dollar. It could precipitate a serious market reaction.
Alas, even President Carter, seen by many as one of the worst American president in American history was smart enough to not bury his own middle class at the expense of landed Wall Street interests. It is a pity that his current
incarnation, advised by the Bernanke-Summers-Geithner think tank, has such diametrically opposing motivations.
Filed under: Barack Obama, bernanke, Big Banks, Central Banks, China, Credit Crisis, DEBT, deflation, Dictatorship, Dollar, dollar collapse, Economic Collapse, economic depression, Economy, Empire, Fascism, Federal Reserve, fiat currency, global bankers, global central bank, gold, gold standard, Goldman Sachs, Great Depression, Greenback, hyperinflation, Inflation, International Bankers, internationalist, internationalists, jim rogers, main street, nixon, obama, Oil, private bank, richard nixon, silver, silver shortage, socialism, Stock Market, tarp, UN, US Economy, Wall Street | Tags: Rich Dad Poor Dad
Robert Kiyosaki: Silver Best Hedge Against Inflation
Robert Kiyosaki is a motivational speaker, businessman, investor and author of the Rich Dad, Poor Dad series. In the following interview with Newsmax.tv Kiyosaki explains the reasons why Americans should be investing in silver.
Kiyosaki says silver is the best hedge against inflation and that in many ways the precious metal is a better investment than gold. He is a very strong buyer of silver and has been investing heavily in for over 10 years.
Why Silver Cannot Lose
Robert Kiyosaki
August 20, 2007
I believe the biggest opportunity today is in silver. I think this precious metal is about to become the most spectacular investment in recent history — bigger than oil, even bigger than Google.
Let me give you some reasons why:
Silver is a consumable industrial commodity.
It’s used in computers, cells phones, and electrical relays. This means that as countries like China, India, and Vietnam, and regions like Eastern Europe, become more modernized, the demand for silver will increase.
Silver is also applied in medicine. One little-known use is as a bactericide, a role silver has filled throughout history. Today, medical devices such as catheters and stethoscopes use silver, and every hospital in the western world uses silver sulfadiazine to prevent infections.
Silver is scarcer than gold.
Gold is hoarded. It’s estimated that 95 percent of all gold ever mined is still around. The exact opposite is true of silver: An estimated 95 percent of all silver ever mined has been consumed.
Forty-five percent of all silver mined is burned up in industrial uses. Jewelry accounts for 28 percent, and 20 percent has been consumed in photography. Only 5 percent is in coins.
Silver supplies are down.
In 1900, it was estimated that the world had 12 billion ounces of silver. By 1990 it had dropped to 2.2 billion ounces. By 2007, the supply was down to 300 million ounces.
Some of the more pessimistic forecasts estimate that the world will be out of silver in about 10 years. This could be catastrophic to the world economy. In 10 years, silver might have as much of an impact on the world economy as $200-a-barrel oil.
Filed under: big bankers, Central Banks, common currency, Credit Crisis, DEBT, Dissent, Dollar, dollar collapse, Economic Collapse, economic depression, Economy, Empire, False Flag, Fascism, Federal Reserve, fiat currency, g20, global bankers, global currency, global economy, global elite, global government, Globalism, globalist elite, gold, gold standard, Great Depression, Greenback, hyperinflation, imf, IMF bonds, Inflation, interest rate cuts, internationalist, internationalists, Iran, main street, market manipulation, New World Order, NWO, One World Government, private bank, rate cut, Robert Zoellick, Ron Paul, SDR, SDRs, silver, single currency, socialism, super currency, UN, united nations, US Economy, Wall Street, World Bank, world currency
Gold Hits New Record High of $1,043/oz
NoWorldSystem.com
October 6, 2009
Gold has hit a new record this morning at $1,043/oz.
Bank of America predicts gold prices will hit $1,500/oz by 2011 and Peter Schiff an Economic Analyst stated he sees gold reaching $1,500 to $5,000/oz, if the trend of gold keeps going up it would mean the dollar is collapsing.
The Federal Reserve will likely raise interest rates soon, the fed’s plan to save the economy is by continuing to flood the market with fiat dollar that are backed by nothing, the economy is slowly being lowered into the ground like a casket. Ever since the country got off the gold standard the dollar has devalued resulting in inflated prices in all commodities.
The sharp rise of gold from under $1,000 to quickly $1,043 is also likely attributed by the recent G20 and UN meetings discussing the hatred of the dollar as the leading currency in the world market and the desire to move toward a new economic World Order by creating a global fiat currency (SDR bonds) that are printed by the IMF.
Owning gold is really a long term investment and a safe-haven when there’s dreary times; with record debt and unemployment, socialism for the banks and auto corporations, plans for mandatory health-insurance, the failed costly-wars in the middle-east and the hawkish stance against Iran and Pakistan.. it’s going to be one hell of a ride in the next few years.
Ron Paul on Fox News – “We MUST go back to the gold standard”
Filed under: big bankers, Central Banks, CNBC, common currency, Credit Crisis, DEBT, deflation, Dissent, Dollar, dollar collapse, Economic Collapse, economic depression, Economy, Empire, Fascism, Federal Reserve, fiat currency, g20, G7, global bankers, global central bank, global currency, global economy, global elite, global government, global treasury, Globalism, globalist elite, gold, gold standard, Great Depression, Greenback, hyperinflation, imf, IMF bonds, Inflation, interest rate cuts, internationalist, internationalists, jim rickards, main street, market manipulation, New World Order, NWO, One World Government, Pennsylvania, Pittsburgh, Pittsburgh g20 summit, Pittsburgh summit, Pittsburgh summit 2009, private bank, Protest, rate cut, Robert Zoellick, SDR, SDRs, silver, single currency, socialism, sovereignty, stimulus, Stock Market, super currency, tax, Taxpayers, UN, united nations, US Economy, US Treasury, Wall Street, World Bank, world currency, world government | Tags: Dictatorship, Empire
World Bank and IMF Join Global Attack on U.S. Dollar
Larry Edelson
Money and Markets
October 4, 2009
In my emails to you over the past couple of weeks, I’ve shown you why Washington has no choice but to devalue the dollar — and how global leaders and even the United Nations have joined the attack on the greenback by demanding it be replaced as the world’s reserve currency.
Now, just this week, the International Monetary Fund and the World Bank have begun adding their voices to the international choir calling for a new global reserve currency:
* Last week, World Bank President Robert Zoellick warned that the dollar’s status will be challenged and shouldn’t be taken for granted.
* According to Turkish Deputy Prime Minister Ali Babacan, it’s likely that the role of special drawing rights (SDRs) based on a basket of currencies will be discussed as an alternative to the dollar during meetings of the World Bank and IMF in Istanbul next week.
* Meanwhile, global governments, central banks, companies and investors continue to slash their dollar holdings. According to the IMF, in April through June of this year, the greenback’s share of global currency reserves fell to the lowest level in a decade. Holdings of euros, in contrast, rose to a new all-time record high.
All this adds weight and momentum to the devaluation of the dollar. It is DEFINITELY ON THE TABLE. Indeed, for the first time I can remember, the G-7 finance officials, meeting this weekend, are rumored to be breaking with tradition and choosing not to release a statement on the global economy and currencies.
I feel this is an extremely significant development: At last week’s G-20 meeting, the group officially anointed itself as being in charge of global economic affairs.
Plus, we now have the G-7 refusing to discuss the dollar, which is highly unusual. Many will say that, if the G-7 does indeed refuse to comment on the dollar at this weekend’s meeting, it’s merely a sign they’re beginning to turn the reigns over to the G-20 for currency matters.
Baloney! The G-7 WILL discuss the huge “global economic imbalances” in the world. And to me, that’s code talk for a currency devaluation on the agenda. Members of the G-7 ARE discussing it. They’re just NOT doing it in public.
It reminds me of the 1985 Plaza Accord, where James Baker committed the U.S. to a depreciating dollar, bulldozing over our creditors, and ultimately precipitating the ‘87 crash.
The difference: Back then the U.S. was in a position to lead the devaluation. Today, it’s not. Today, our creditors are going to bulldoze over us.
IMF Catapults From Shunned Agency to Global Central Bank Issuing Debt to the World While U.S. Dollar Plummets
Huffington Post
October 2, 2009
“A year ago,” said law professor Ross Buckley on Australia’s ABC News last week, “nobody wanted to know the International Monetary Fund. Now it’s the organiser for the international stimulus package which has been sold as a stimulus package for poor countries.”
The IMF may have catapulted to a more exalted status than that. According to Jim Rickards, director of market intelligence for scientific consulting firm Omnis, the unannounced purpose of last week’s G20 Summit in Pittsburgh was that “the IMF is being anointed as the global central bank.” Rickards said in a CNBC interview on September 25 that the plan is for the IMF to issue a global reserve currency that can replace the dollar.
“They’ve issued debt for the first time in history,” said Rickards. “They’re issuing SDRs. The last SDRs came out around 1980 or ’81, $30 billion. Now they’re issuing $300 billion. When I say issuing, it’s printing money; there’s nothing behind these SDRs.
SDRs, or Special Drawing Rights, are a synthetic currency originally created by the IMF to replace gold and silver in large international transactions. But they have been little used until now. Why does the world suddenly need a new global fiat currency and global central bank? Rickards says it because of “Triffin’s Dilemma,” a problem first noted by economist Robert Triffin in the 1960s. When the world went off the gold standard, a reserve currency had to be provided by some large-currency country to service global trade. But leaving its currency out there for international purposes meant that the country would have to continually buy more than it sold, running large deficits; and that meant it would eventually go broke. The U.S. has fueled the world economy for the last 50 years, but now it is going broke. The U.S. can settle its debts and get its own house in order, but that would cause world trade to contract. A substitute global reserve currency is needed to fuel the global economy while the U.S. solves its debt problems, and that new currency is to be the IMF’s SDRs.
That’s the solution to Triffin’s dilemma, says Rickards, but it leaves the U.S. in a vulnerable position. If we face a war or other global catastrophe, we no longer have the privilege of printing money. We will have to borrow the global reserve currency like everyone else, putting us at the mercy of the global lenders.
To avoid that, the Federal Reserve has hinted that it is prepared to raise interest rates, even though that would mean further squeezing the real estate market and the real economy. Rickards pointed to an oped piece by Fed governor Kevin Warsh, published in The Wall Street Journal on the same day the G20 met. Warsh said that the Fed would need to raise interest rates if asset prices rose – which Rickards interpreted to mean gold, the traditional go-to investment of investors fleeing the dollar. “Central banks hate gold because it limits their ability to print money,” said Rickards. If gold were to suddenly go to $1,500 an ounce, it would mean the dollar was collapsing. Warsh was giving the market a heads up that the Fed wasn’t going to let that happen. The Fed would raise interest rates to attract dollars back into the country. As Rickards put it, “Warsh is saying, ‘We sort of have to trash the dollar, but we’re going to do it gradually.’ . . . Warsh is trying to preempt an unstable decline in the dollar. What they want, of course, is a stable, steady decline.”
What about the Fed’s traditional role of maintaining price stability? It’s nonsense, said Rickards. “What they do is inflate the dollar to prop up the banks.” The dollar has to be inflated because there is more debt outstanding than money to pay it with. The government currently has contingent liabilities of $60 trillion. “There’s no feasible combination of growth and taxes that can fund that liability,” Rickards said. The government could fund about half that in the next 14 years, which means the dollar needs to be devalued by half in that time.
The Dollar Needs to be Devalued by Half?
Reducing the value of the dollar by half means that our hard-earned dollars are going to go only half as far, something that does not sound like a good thing for Main Street. Indeed, when we look more closely, we see that the move is not designed to serve us but to serve the banks. Why does the dollar need to be devalued? It is to compensate for a dilemma in the current monetary scheme that is even more intractable than Triffin’s, one that might be called a fraud. There is never enough money to cover the outstanding debt, because all money today except coins is created by banks in the form of loans, and more money is always owed back to the banks than they advance when they create their loans. Banks create the principal but not the interest necessary to pay their loans back.
The Fed, which is owned by a consortium of banks and was set up to serve their interests, is tasked with seeing that the banks are paid back; and the only way to do that is to inflate the money supply to create the dollars to cover the missing interest. But that means diluting the value of the dollar, which imposes a stealth tax on the citizenry; and the money supply is inflated by making more loans, which adds to the debt and interest burden that the inflated money supply was supposed to relieve. The banking system is basically a pyramid scheme, which can be kept going only by continually creating more debt.
The IMF’s $500 Billion Stimulus Package:
Designed to Help Developing Countries or the Banks?
And that brings us back to the IMF’s stimulus package discussed last week by Professor Buckley. The package was billed as helping emerging nations hard hit by the global credit crisis, but Buckley doubts that that is what is really going on. Rather, he says, the $500 billion pledged by the G20 nations is “a stimulus package for the rich countries’ banks.”
Why does he think that? Because stimulus packages are usually grants. The money coming from the IMF will be extended in the form of loans.
These are loans that are made by the G20 countries through the IMF to poor countries. They have to be repaid and what they’re going to be used for is to repay the international banks now. . . . [T]he money won’t really touch down in the poor countries. It will go straight through them to repay their creditors. . . . But the poor countries will spend the next 30 years repaying the IMF.
Basically, said Professor Buckley, the loans extended by the IMF represent an increase in seniority of the debt. That means developing nations will be even more firmly locked in debt than they are now.
At the moment the debt is owed by poor countries to banks, and if the poor countries had to, they could default on that. The bank debt is going to be replaced by debt that’s owed to the IMF, which for very good strategic reasons the poor countries will always service. . . . The rich countries have made this $500 billion available to stimulate their own banks, and the IMF is a wonderful party to put in between the countries and the debtors and the banks.
Not long ago, the IMF was being called obsolete. Now it is back in business with a vengeance; but it’s the old unseemly business of serving as the collection agency for the international banking industry. As long as third world debtors can service their loans by paying the interest on them, the banks can count the loans as “assets” on their books, allowing them to keep their pyramid scheme going by inflating the global money supply with yet more loans. It is all for the greater good of the banks and their affiliated multinational corporations; but the $500 billion in funding is coming from the taxpayers of the G20 nations, and the foreseeable outcome will be that the United States will join the ranks of debtor nations subservient to a global empire of central bankers.
Man Throws Shoe at IMF Chief
Filed under: 2009 bilderberg, american union, Amero, asian union, Asian-Pacific Union, Barack Obama, bilderberg, blair, Britain, Canada, centralization, China, Colonialism, common currency, Continuity of Government, Control Grid, Credit Crisis, DEBT, Dictatorship, Dollar, Economic Collapse, economic depression, economic world order, Economy, Empire, environmental taxation, Euro, Europe, european union, Fascism, Federal Reserve, g20, global currency, global economy, global elite, global government, global tax, global treaty, Globalism, globalists, Great Depression, Greenback, hyperinflation, imf, IMF bonds, Inflation, internationalist, internationalists, ireland, Japan, jim tucker, lisbon treaty, Martial Law, Mexico, NAFTA, NAU, Nazi, New World Order, North American Union, NWO, obama, obama stimulus, One World Government, private bank, Russia, SDR, SDRs, single currency, socialism, sovereignty, Soviet Union, SPP, stimulus, Stock Market, super currency, UN, United Future World Currency, United Kingdom, united nations, US Economy, US Treasury, Wall Street, World Bank, world currency, world government | Tags: international criminal court, james steinberg
Russian Scholar Says US Will Collapse By 2010 – Re-Colonization of America Before 2011
NoWorldSystem.com
October 3, 2009
Russian Professor Igor Panarin predicts that the United State will completely collapse due to the faltering economy in 2010 much like the Soviet Union did in 1991, he also warns Barack Obama will order Martial Law during the economic depression that will create total chaos for Americans while the still-standing nations take over the country. According to the professor the states will split into six rump-states before 2011 where Russia, China, European Union, Canada, Japan and Mexico will re-colonize what’s left of the United States.
“In my opinion, the probability of the U.S. ceasing to exist by June, 2010 exceeds 50%. At this point,” warns Panarin, a doctor and professor of Russian Diplomatic Academy Ministry of Foreign Affairs.
Panarin also made it clear that President Obama has and will do nothing to stop the coming collapse of the U.S. economy and the U.S. dollar, he says can all begin to unfold as early as November 2009.
“Obama is “the president of hope”, but in a year there won’t be any hope,” said Panarin. “He’s practically another Gorbachev – he likes to talk but hasn’t really managed to do anything. Gorbachev at least had been a secretary of a regional communist party administration, whereas Obama was just a social worker. His mentality is totally different. He’s a nice person and talks nicely – but he’s not a leader and will take America to a crash. When Americans understand that – it will be like a bomb explosion.”
Obama has officially embraced the New World Order at the G20 meeting in New York, stating; “The time has come for the world to move into a new direction” and that the world must “embrace a new era of mutual interests”.
Basically the New World Order is a World Government agenda that will force all nation-states to be in favor of a World Government Dictatorship, under the auspices of the United Nation. The plan is to divide the world into 3 giant Continental Unions, each will have their own individual currency.
The goal is an “Asian-Pacific Union” and the “American Union” both modeled after the already established European Union (EU). The EU has its common currency, the euro, and a European Parliament that can impose laws and the once sovereign nations of Europe and a European Court superior to the highest courts of member states. The EU is effectively a single super-state.
The “American Union” is to evolve from the North American Free Trade Agreement, or NAFTA, as it extends throughout the Western Hemisphere. The common currency is to be the “amero”. Panarin previously stated that the U.S. dollar would eventually be replaced with “a common Amero currency as a new monetary unit”, referring to the Security and Prosperity Partnership agreement between the U.S., Canada and Mexico.
There has been a lot of talk about continental currencies, but there has also been talks about a world ‘super currency’ controlled by the IMF under the control of the United Nations. It remains to be seen and is open for debate what exactly will happen, regardless of the currency choice, national sovereignty will be given up if any of these new currencies are implemented.
A nation’s currency is a symbol of sovereignty, so when things like the euro are created it destroys the sovereignty of all the countries entrapped in the European Union. So the internationalists want to collapse America’s sovereignty because many of them know that if Americans knew of their plans to destroy U.S. sovereignty they would revolt against the United Nations and there would never be a New World Order without the U.S. just like there wouldn’t be a European Union without Ireland. The internationalists members of the Bilderberg group this year have discussed the desire for a short-but-painful depression in the United States that paves the way for their new sustainable economic world order, destroying America’s sovereignty and paving the way for World Dictatorship.
There are so many things that have already been accomplished for the creation of a World Government:
1) The enactment of the Lisbon Treaty that completes the European Union has been finalized, Ireland has voted ‘Yes’ to the treaty just recently and will create a seat for a new EU President (Tony Blair) who will be in control of the entire European continent. 2) The internationalists are planning to destroy the U.S. economy and the U.S. dollar through manipulation, debt and hyperinflation, the Federal Reserve has been successfully devaluing the dollar by printing money out of thin air to counter the effects of the crisis. The Fed’s destruction of the dollar will topple its dominance in the world market as the currency of choice. The recent election victory for Japan’s Democratic Party is another sign that the economic collapse of the dollar is coming, according to Panarin:
“Today I received another confirmation that the collapse of the dollar and the US is inevitable. Japan’s Democratic Party won the election, and I’d like to remind you that its leader [Yukio Hatoyama] has the snubbing of the dollar among his economic plans. In plainer words, he plans to transfer Japan’s monetary reserves from US dollars into another currency. The move will seriously accelerate the dollar’s exchange slump as early as this November. Disintegration will follow shortly,” he said, adding that next year China would also begin to massively dump the dollar and that Russia would begin to sell oil and gas for roubles.
The new Bilderberg-backed Japanese President fully supports the plan for an Asian-Pacific Union that will have its own regional currency like the EU.
Panarin forsees the U.S. breaking up into six large estates by 2011, roughly along the lines of the beginning of North American colonialism where British, French and Spanish settlers were the main countries that fought for Indian land.
Panarin sees all the states of the west including California will be part of China, the entire north including the central states with their large Native American populations will be under the influence of Canada (which is a British Commonwealth Nation), the majority of the eastern states may be taken over by the European Union, the Southern states including New Mexico and Florida will be under the influence of Mexico and Alaska would go to Russia and Hawaii would either go to China or Japan. (see map here)
America as we know it will cease to exist altogether if any of what Panarin says is true.
Russian Professor: Collapse Of America Could Begin In Two Months
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9/11 Truth In New York – September 11th, 2009
Shaped Charges and the World Trade Center Collapses
World Architecture News: Explosives and Thermitic Material Brought Down Buildings on 9/11
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Provocateurs At End The Fed Rally?
“Anarchists” tried to get protesters to commit crimes
Paul Joseph Watson
Prison Planet.com
September 1, 2009
According to testimony given at a Missouri House of Representatives meeting yesterday, anarchists attempted to get other protesters to commit criminal acts during the End the Fed protests late last year, in what was a possible attempt to instigate chaos to justify a harsh crackdown on behalf of the authorities.
In March it came to light that the End the Fed protests, which took place at banks and regional Federal Reserve branches across the country on November 22, were being monitored closely by the United States Army Reserve Command, who implied that those protesting against the Fed and the bankster bailout were essentially terrorists.
On November 22, 2008, Alex Jones led a rally at the Federal Reserve Bank in Dallas Texas. The Dallas protest is specifically mentioned in the official Army document. Ron Paul’s brother was also in attendance.
During testimony given in response to the infamous Missouri Information Analysis Center (MIAC) report, a document authored by Missouri Highway Patrol and distributed to fellow law enforcement agencies that characterizes Ron Paul supporters, libertarians, people who display political bumper stickers, people who own gold, or even people who fly a U.S. flag as potential domestic terrorists, one of the organizers who attended the protests said that “anarchists” attempted to recruit followers and encouraged them to commit illegal acts.
“My group was at the End the Fed rally and there were a bunch of different groups there,” Cisse Spragin told the Missouri House of Representatives on Monday. “And there was this group of anarchists who started talking to us. And then they tried to recruit us or have us join their group. Then they started telling us what should we should write on our signs, and insisting on letting them re-write some of our signs. Later we overheard them saying they couldn’t even get us to jaywalk.”
Spragin’s testimony suggests that the anarchists were attempting to steer the nature of the protests in the opposite direction to guidelines published by End the Fed rally organizers before the protests which called for “Cooperation and respect for local laws and authorities,” and “No blocking of pedestrian or vehicular traffic.”
This wouldn’t be the first time that anarchist groups have been used as a tool with which to stir chaos. As we have documented before, the black bloc anarchist groups are routinely infiltrated and steered by authorities who use them to provoke disorder as a pretext to crack down on legitimate demonstrators.
During the April 2009 G20 summit in London, police stood back and watched anarchists attack banks and other buildings in an incident that had all the hallmarks of a staged event.
Following the SPP protests in Canada in 2007, Quebec provincial authorities were forced to admit that three rock-wielding black mask-wearing “anarchists” were in fact police infiltrators used to gather information on protesters.
Video shows two of the provocateurs pick up rocks and try to incite violence before they are outed as cops by legitimate demonstrators. The two thugs then tried to slip behind police lines before their fellow officers were forced to stage their arrest. Again, the fact that they were cops in disguise was later admitted by authorities. Watch the video.
Alex Jones’ film Police State 2: The Takeover exposed how the black bloc anarchists were completely infiltrated and provocateured by the authorities during the violent 1999 WTO protests in Seattle.
The authorities declared a state of emergency, imposed curfews and resorted to nothing short of police state tactics in response to a small minority of hostile black bloc hooligans. Police allowed the black bloc to run riot in downtown Seattle while they concentrated on preventing the movement of peaceful protestors. The film presents clear evidence that the black bloc anarchist group was actually controlled by the state and used to demonize peaceful protesters. Watch the video below.
At the WTO protests in Genoa 2001 a protestor was killed after being shot in the head and run over twice by a police vehicle. The Italian Carabinere also later beat on peaceful protestors as they slept, and even tortured some, at the Diaz School. It later emerged that the police fabricated evidence against the protesters, claiming they were anarchist rioters, to justify their actions. Some Carabiniere officials have since come forward to say they knew of infiltration of the so called black bloc anarchists, and that fellow officers acted as agent provocateurs.
At the Free Trade Area of Americas protests in Miami in late November 2003, more provocateuring was evident. The United Steelworkers of America calling for a congressional investigation, stated that the police intentionally caused violence and arrested and charged hundreds of peaceful protestors.
noworldsystem.com 
