Wednesday, September 26, 2012
Did printing vast quantities of money work for the Weimar Republic? Nope. And it won't work for us either. If printing money was the secret to economic success, we could just print up a trillion dollars for every American and be done with it. The truth is that making everyone in America a trillionaire would not mean that we would all suddenly be wealthy. There would be the same amount of "real wealth" in our economy as before. But what it would do is render our currency meaningless and totally destroy faith in our financial system. Sadly, we have not learned the lessons that history has tried to teach us. Back in April 1919, it took 12 German marks to get 1 U.S. dollar. By December 1923, it took approximately 4 trillion German marks to get 1 U.S. dollar. So was the Weimar Republic better off after all of the "quantitative easing" that they did or worse off? Of course they were worse off. They destroyed their currency and wrecked all confidence in their financial system. There was an old joke that if you left a wheelbarrow full of money sitting around in the Weimar Republic that thieves would take the wheelbarrow and they would leave the money behind. Will things eventually get that bad in the United States someday? Of course we are not going to see hyperinflation in the U.S. this week or this month. But don't think that it will never happen. The people of Germany never thought that it would happen to them, but it did. The following is an excerpt from a Wikipedia article about the Weimar Republic. Take note of the similarities between what the Weimar Republic experienced and what we are going through today.... The cause of the immense acceleration of prices that occurred during the German hyperinflation of 1922–23 seemed unclear and unpredictable to those who lived through it, but in retrospect was relatively simple. The Treaty of Versailles imposed a huge debt on Germany that could be paid only in gold or foreign currency. With its gold depleted, the German government attempted to buy foreign currency with German currency, but this caused the German Mark to fall rapidly in value, which greatly increased the number of Marks needed to buy more foreign currency. This caused German prices of goods to rise rapidly which increase the cost of operating the German government which could not be financed by raising taxes. The resulting budget deficit increased rapidly and was financed by the central bank creating more money. When the German people realized that their money was rapidly losing value, they tried to spend it quickly. This increase in monetary velocity caused still more rapid increase in prices which created a vicious cycle. This placed the government and banks between two unacceptable alternatives: if they stopped the inflation this would cause immediate bankruptcies, unemployment, strikes, hunger, violence, collapse of civil order, insurrection, and revolution. If they continued the inflation they would default on their foreign debt. The attempts to avoid both unemployment and insolvency ultimately failed when Germany had both. When the Weimar Republic first started rapidly printing money everything seemed fine at first. Economic activity was buzzing and unemployment was very low. But as the following chart shows, when hyperinflation kicks in, it can happen very quickly. By late 1922, the effects of all of the money printing were really starting to hit the German economy.... Once you start printing money it is really, really hard to stop. By late 1922, inflation was officially out of control. An article in The Economist described what happened next.... Prices roared up. So did unemployment, modest as 1923 began. As October ended, 19% of metal-workers were officially out of work, and half of those left were on short time. Feeble attempts had been made to stabilise prices. Some German states had issued their own would-be stable currency: Baden's was secured on the revenue of state forests, Hanover's convertible into a given quantity of rye. The central authorities issued what became known as “gold loan” notes, payable in 1935. Then, on November 15th, came the Rentenmark, worth 1,000 billion paper marks, or just under 24 American cents, like the gold mark of 1914. Hyperinflation hurts the poor, the elderly and those on fixed incomes the worst. The following is an excerpt from a work by Adam Fergusson.... The rentier classes who depended on savings or pensions, and anyone on a fixed income, were soon in penury, their possessions sold. Barter often took over from purchase. By law rents could not be raised, which allowed employers to pay low wages and impoverished landlords in a country where renting was the norm. The professional classes -- lawyers, doctors, scientists, professors -- found little demand for their services. In due course, the trade unions, no longer able to strike for higher wages (often uncertain what to ask for, so fast became the mark's fall from day to day), went to the wall, too. Workers regularly got wage increases during this time, but they never seemed to keep up with the horrible inflation that was raging all around them. So they steadily became poorer even though the amount of money they were bringing home was steadily increasing. People started to lose all faith in the currency and in the financial system. This had an absolutely devastating effect on the German population. American author Pearl Buck was living in Germany at the time and the following is what she wrote about what she saw.... "The cities were still there, the houses not yet bombed and in ruins, but the victims were millions of people. They had lost their fortunes, their savings; they were dazed and inflation-shocked and did not understand how it had happened to them and who the foe was who had defeated them. Yet they had lost their self-assurance, their feeling that they themselves could be the masters of their own lives if only they worked hard enough; and lost, too, were the old values of morals, of ethics, of decency." Of course not everyone in Germany was opposed to the rampant inflation that was happening. There were some business people that became very wealthy during this time. The hyperinflation rendered their past debts meaningless, and by investing paper money (that would soon be worthless) into assets that would greatly appreciate thanks to inflation, many of them made out like bandits. The key was to take your paper money and spend it on something that would hold value (or even increase in value) as rapidly as possible. The introduction of the Rentenmark brought an end to hyperinflation, but the damage to the stability of the German economy had been done. The German economy went through several wild swings which ultimately resulted in the rise of the Nazis. The following description of this time period is from an article by Alex Kurtagic.... The post-hyperinflationary credit crunch was, not surprisingly followed by a credit boom: starved of money and basic necessities for so long (do not forget the hyperinflation had come directly after defeat in The Great War), many funded lavish lifestyles through borrowing during the second half of the 1920s. We know how that ended, of course: in The Great Depression, which eventually saw the end of the Weimar Republic and the beginning of the National Socialist era. By the end of the decade unemployment really started to take hold in Germany as the following statistics reveal.... September 1928 - 650,000 unemployed September 1929 - 1,320,000 unemployed September 1930 - 3,000,000 unemployed September 1931 - 4,350,000 unemployed September 1932 - 5,102,000 unemployed January 1933 - 6,100,000 unemployed By the end of 1932, over 30 percent of all German workers were unemployed. This created an environment where people were hungry for "change". On January 30th, 1933 Hitler was sworn in as chancellor, and the rest is history. So where will all of this money printing take America? As I wrote about in a previous article, the amount of excess reserves that banks have stashed with the Federal Reserve has risen from about 9 billion dollars on September 10th, 2008 to about 1.5 trillion dollars today.... What is going to happen to inflation when all of those excess reserves start flowing out into the regular economy? It won't be pretty. Just consider the ominous words that Philadelphia Fed President Charles Plosser used earlier this week.... "Inflation is going to occur when excess reserves of this huge balance sheet begin to flow outside into the real economy. I can't tell you when that's going to happen." "When that does begin if we don't engage in a fairly aggressive and effective policy of preventing that from happening, there's no question in my mind that that will lead to lots of inflation." Oh great. And so what is Bernanke doing? He is printing up lots more money. But isn't this supposed to help the economy? I wouldn't count on it. According to USA Today, the following is what Plosser says about the effect that QE3 is likely to have on our economy.... "We are unlikely to see much benefit to growth or to employment from further asset purchases." But we will get more inflation, so our monthly budgets will not go as far as they did before. The other day I was going to the supermarket, and my wife told me that she wanted some croissants. When I got to the bakery section I discovered that it was $4.49 for just four croissants. If it had just been for me, I would have never gotten them. I am the kind of shopper that doesn't even want to look at something unless there is a sale tag on it. But I did get the croissants for my wife. Unfortunately, thanks to Federal Reserve Chairman Ben Bernanke soon none of us may be able to afford to buy croissants. I still remember the days when I could fill up my entire shopping cart for 20 bucks. And it was not that long ago - I am talking about the late 90s. But paying more for food is not the greatest danger we are facing. Bernanke is destroying the credibility of our currency and he is destroying faith in our financial system. Bernanke may believe that he is preventing the next great collapse from happening, but the truth is that what he is doing is going to make the eventual collapse far worse. Better get your wheelbarrows ready.
Monday, July 30, 2012
Wednesday, July 18, 2012
Saturday, July 14, 2012
Thursday, July 12, 2012
Ron Paul, when asked if we should start a third party said maybe we should start a second party first.
Saturday, June 9, 2012
Thursday, May 31, 2012
Tuesday, May 15, 2012
Tuesday, April 17, 2012
Source: NESARA News
Now that we know the Federal Reserve is a privately owned, for-profit corporation, a natural question would be: who OWNS this company? Peter Kershaw provides the answer in “Economic Solutions” where he lists the ten primary shareholders in the Federal Reserve banking system.
1) The Rothschild Family – London
2) The Rothschild Family – Berlin
3) The Lazard Brothers – Paris
4) Israel Seiff – Italy
5) Kuhn-Loeb Company – Germany
6) The Warburgs – Amsterdam
7) The Warburgs – Hamburg
8 ) Lehman Brothers – New York
9) Goldman & Sachs – New York
10) The Rockefeller Family – New York
Now I don’t know about you, but something is terribly wrong with this situation. Namely, don’t we live in AMERICA? If so, why are seven of the top ten stockholders located in FOREIGN countries? That’s 70%! To further convey how screwed-up this system is, Jim Marrs provides the following data in his phenomenal book, “Rule By Secrecy.
“He says that the Federal Reserve Bank of New York, which undeniably controls the other eleven Federal Reserve branches, is essentially controlled by two financial institutions:
1) Chase-Manhattan (controlled by the Rockefellers) – 6,389,445 shares – 32.3%
2) Citbank – 4,051,851 shares – 20.5%
Thus, these two entities control nearly 53% of the New York Federal Reserve Bank. Doesn’t that boggle your mind? Now, considering how many trillions of dollars are involved here, and how the bankers are WAY above our “selected” officials in Washington, D.C., do you think the above-listed banks and families have an inordinate amount of say-so in how our country is being run? The answer is blindingly apparent.
Where does the money come from?
We all know that the Federal Reserve CORPORATION prints money – then loans it, at interest, to our government. But wait until you see what a total scam this process is. But before we get to the meat of this issue, let’s remember one thing about the very essence of banking – primarily that money should have some type of standard upon which its value is based. In the case of America, we operate on what is called a “gold standard” (i.e. our money is backed by gold).
So, with that in mind, let’s look at how money is actually created, and at what cost. If the Federal Reserve wants to print 1,000 one-hundred ($100) bills, their total cost for ink, paper, plates, labor, etc. would be approximately $23.00 (according to Davvy Kidd in “Why A Bankrupt America”). Now, if you do the math, the total cost of 10,000 bills would be $230.00 ($.023 x 10,000). But, and here’s the catch – 10,000 $100 bills equals $1,000,000! So, the Federal Reserve can “create” a million dollars, then LEND it to the U.S. Government (with interest) for a total cost of $230.
00! That’s not a bad deal, huh!
The banking industry calls this process “seignorage.” I call it outright THEFT. Why? Well, regardless of the immense profit margin ($1,000,000 for $230), plus the huge interest payments, our government then needs to STEAL the American people’s money to payoff their debts via a Mob-like agency called the IRS. So the bankers steal from the government, then the government turns around and steals from the people. I’m no genius, but who do you think is getting screwed in this process? US – the people at the bottom rung of the ladder.
What’s worse is that – now catch your breath – there’s NO MORE gold left in Fort Knox! It’s all gone. In other words, the GOLD STANDARD that our financial system was based upon is now an illusion. We can’t convert our money into gold — only other currency. The entire underlying basis for our money is now a lie – a sham. The Federal Reserve has become so arrogant that they’ve become a literal MONEY MAKING MACHINE, creating currency out of thin air! So that’s where the Fed gets their money – they literally make it, then lend it to us so they can make even MORE money off of it.
Money As A Religion
The above-detailed process has become so ridiculous that William Grieder, former assistant managing editor of the Washington Post, wrote a book in 1987 entitled, “Secrets of the Temple: How the Federal Reserve Runs the Country” that details how the Controllers have conditioned us to accept this absurd situation.
To modern minds,” he writes, “it seemed bizarre to think of the Federal Reserve as a religious institution. Yet the conspiracy theorists, in their own demented way, were on to something real and significant. The Fed did also function in the realm of religion. Its mysterious powers of money creation, inherited from priestly forebears, shielded a complex bundle of social and psychological meanings. With its own form of secret incantation, the Federal Reserve presided over awesome social ritual, transactions so powerful and frightening they seemed to lie beyond common understanding.
Mr. Grieder continues, “Above all, money was a function of faith. It required implicit and universal social consent that was indeed mysterious. To create money and use it, each one must believe, and everyone must believe. Only then did worthless pieces of paper take on value.
Do you get it? MONEY is an ILLUSION! Why? Because the gold standard upon which our money is supposed to be based has been eliminated. There’s no more gold in Fort Knox. It’s all GONE! Now, money really IS only paper!!! In the past, money was supposed to represent something of tangible value.
Now it’s simply paper!
Taken one step further, many of us don’t even use paper money any more! Why? Well, here’s a scenario. Many places of employment directly deposit their employee’s paychecks into the bank. Once the money is there, when bill time comes around, the person in question can write out a stack of checks to pay them. Plus, when they need gasoline they use a credit card; and groceries a debit card. If this person goes out for dinner on Friday night, they can charge the tab on their diner’s card. But what about the tip? They simply scribble in the amount at the bottom of the check. So far, the person hasn’t spent a single dollar bill. Plus, if you bring electronic banking into the picture, we’ve virtually eliminated the use for money.
And, God forbid, what happens when encoded microchips are implanted into the backs of our hand?
In essence, money has become nothing more than an illusion – an electronic figure or amount on a computer screen. That’s it! As time goes on, we have an increasing tendency toward being sucked into this Wizard of Oz vortex of unreality. Think about it. Americans as a whole are carrying more personal debt than in any other time in history. Plus our government keeps going further and further into the hole, with no hope of ever crawling out. But we have less and less actual MONEY! We’re being enslaved by the debt of electronic blips on a computer screen! And 70% of the banks that control this debt via the Federal Reserve exist in foreign countries! What in God’s name is going on? As author William Bramley says, “The result of this whole system is MASSIVE debt at every level of society.
We’re getting screwed in a sickening way, folks, and the people doing it are demented magician-priests that use the ILLUSION of money as their control device. And I hate to say it, but if we allow things to keep going as they are, the situation will only get worse. Our only hope … ONLY HOPE … is to immediately take drastic action and remedy this crime.
Aaron Russo on The Federal Reserve & How to Shut it Down
let the Truth be known..
let’s abolish the federal reserve, please
1st: Martial Law is declared by President Lincoln on April 24th, 1863, with General Orders No. 100; under martial law authority, Congress and President Lincoln institute continuous martial law by ordering the states (people) either conscribe troops and or provide money in support of the North or be recognized as enemies of the nation; this martial law Act of Congress is still in effect today. This martial law authority gives the President (with or without Congress) the dictatorial authority to do anything that can be done by government in accord with the Constitution of the United States of America. This conscription act remains in effect to this very day and is the foundation of Presidential Executive Orders authority; it was magnified in 1917 with The Trading with the Enemy Act (Public Law 65-91, 65th Congress, Session I, Chapters 105, 106, October 6, 1917). and again in 1933 with the Emergency War Powers Act, which is ratified and enhanced almost every year to this date by Congress. Today these Acts address the people of the United States themselves as their enemy.
2nd: The District of Columbia Organic Act of 1871 created a “municipal corporation” to govern the District of Columbia. Considering the fact that the municipal government itself was incorporated in 1808, an “Organic Act” (first Act) using the term “municipal corporation” in 1871 can only mean a private corporation owned by the municipality. Hereinafter we will call that private corporation, “Corp. U.S.” By consistent usage, Corp. U.S. trademarked the name, “United States Government” referring to themselves. The District of Columbia Organic Act of 1871 places Congress in control (like a corporate board) and gives the purpose of the act to form a governing body over the municipality; this allowed Congress to direct the business needs of the government under the existent martial law and provided them with corporate abilities they would not otherwise have. This was done under the constitutional authority for Congress to pass any law within the ten mile square of the District of Columbia. Follow this link to see the effect of the District of Columbia Act of 1871.
3rd: In said Act, Corp. U.S. adopted their own constitution (United States Constitution), which was identical to the national Constitution (Constitution of the United States of America) except that it was missing the national constitution’s 13th Amendment and the national constitution’s 14th, 15th and 16th amendments are respectively numbered 13th, 14th and 15th amendments in the Corp. U.S. Constitution. At this point take special notice and remember this Corp. U.S. method of adopting their own Constitution, they will add to it in the same manner in 1913.
4th: Corp. U.S. began to generate debts via bonds etc., which came due in 1912, but they could not pay their debts so the 7 families that bought up the bonds demanded payment and Corp. U.S. could not pay. Said families settled the debt for the payments of all of Corp. U.S.’ assets and for all of the assets of the Treasury of the United States of America.
5th: As 1913 began, Corp. U.S. had no funds to carry out the necessary business needs of the government so they went to said families and asked if they could borrow some money. The families said no (Corp. U.S. had already demonstrated that they would not repay their debts in full). The families had foreseen this situation and had the year before finalized the creation of a private corporation of the name “Federal Reserve Bank”. Corp. U.S. formed a relationship with the Federal Reserve Bank whereby they could transact their business via note rather than with money. Notice that this relationship was one made between two private corporations and did not involve government; that is where most people error in understanding the Federal Reserve Bank system—again it has no government relation at all. The private contracts that set the whole system up even recognize that if anything therein proposed is found illegal or impossible to perform it is excluded from the agreements and the remaining elements remain in full force and effect.
6th: Almost simultaneously with the last fact (also in 1913), Corp. U.S. adopts (as if ratified) their own 16th amendment. Tax protesters challenge the IRS tax collection system based on this fact, however when we remember that Corp. U.S. originally created their constitution by simply drafting it and adopting it; there is no difference between that adoption and this—such is the nature of corporate enactments—when the corporate board (Congress) tells the secretary to enter the amendment as ratified (even thought the States had not ratified it) the Se3cretary was instructed that the Representatives word alone was sufficient for ratification. You must also note, this amendment has nothing to do with our nation, with our people or with our national Constitution, which already had its own 16th amendment. The Supreme Court (in BRUSHABER v. UNION PACIFIC R. CO., 240 U.S. 1 (1916)) ruled the 16th amendment did nothing that was not already done other than to make plain and clear the right of the United States (Corp. U.S.) to tax corporations and government employees. We agree, considering that they were created under the authority of Corp. U.S.
7th: Next (also 1913) Corp. U.S., through Congress, adopts (as if ratified) its 17th amendment. This amendment is not only not ratified, it is not constitutional; the nation’s Constitution forbids Congress from even discussing the matter of where Senators are elected, which is the subject matter of this amendment; therefore they cannot pass such and Act and then of their own volition, order it entered as ratified. According to the United States Supreme Court, for Congress to propose such an amendment they would first have to pass an amendment that gave them the authority to discuss the matter.
8th: Accordingly, in 1914, the Freshman class and all Senators that successfully ran for reelection in 1913 by popular vote were seated in Corp. U.S. Senate capacity only; their respective seats from their States remained vacant because neither the State Senates nor the State Governors appointed new Senators to replace them as is still required by the national Constitution for placement of a national Senator.
9th: In 1916, President Wilson is reelected by the Electoral College but their election is required to be confirmed by the constitutionally set Senate; where the new Corp. U.S. only Senators were allowed to participate in the Electoral College vote confirmation the only authority that could possibly have been used for electoral confirmation was corporate only. Therefore, President Wilson was not confirmed into office for his second term as President of the United States of America and was only seated in the Corp. U.S. Presidential capacity. Therefore the original jurisdiction government’s seats were vacated because the people didn’t seat any original jurisdiction government officers. It is important to note here that President Wilson retained his capacity as Commander in Chief of the military. Many people wonder about this fact imagining that such a capacity is bound to the President of the nation; however, When John Adams was President he assigned George Washington to the capacity of Commander in Chief of the military in preparation for an impending war with France. During this period, Mr. Adams became quite concerned because Mr. Washington became quite ill and passed on his acting military authority through his lead General Mr. Hamilton and Mr. Adams was concerned that if war did break out Mr. Hamilton would use that authority to create a military dictatorship of the nation. Mr. Adams averted the war through diplomacy and the title of Commander in Chief was returned to him.
(See: John Adams, by David McCullough, this book covers Mr. Adams concerns over this matter quite well. Mr. Adams was a fascinating man.)
10th: In 1917, Corp. U.S. enters W.W. I and passes their Trading with the Enemies Act.
11th: In 1933, Corp. U.S. is bankrupt, they force a banking holiday to exchange money backed Federal Reserve Notes with “legal tender” Federal Reserve Notes the Trading with the Enemies Act is adjusted to recognize the people of the United States as enemies of Corp. U.S.
12th: Some time after 1935, you ask Social Security Administration for a relationship with their program. With the express purpose of generating Beneficiary funds to United States General Trust Fund (GTF) the Social Security Administration creates an entity with a name (that sounds like your name but is spelled with all capital letters) and an account number (Social Security number). They give you the Social Security card and let you know that the card does not belong to you but you are to hold it for them until they want it back. If you are willing to accept that responsibility over the card you activate the card by signing it, which gives you the ability to act as the fiduciary for the cards actual owner Corp. U.S. and you can use the card’s name and number to thus transact business relations for the card’s actual owner. You are also to note that though the card verifies its agency (you as the single person with authority to control the entity so created) it is not for use as identification. On review: notice the Social Security Administration was the creator of the entity, they offered you the opportunity to serve its Trustee capacity (by lending it actual consciousness and physical capacity), they gave you something (the card) that does not belong to you to hold in trust and they reserved the actual owner of the thing (Corp. U.S.) as the beneficiary of the entity—by definition, this only describes the creation and existence of a Trust. More importantly: the name they gave this Trust is not your name, the number they gave the Trust is not your number and your lending actual consciousness and physical capacity to this Trust’s Trustee capacity does not limit you or your capacity to separately act in your natural sovereign capacity in any way—what you do, when you do it and how you do it is still totally up to you.
13th: In 1944, under the Bretton Woods Agreement, Corp. U.S. is quit claimed to the International Monetary Fund, and becomes a foreign controlled private corporation.
14th: In 1962, considering the states were forced to carry out their business dealings in terms of Federal Reserve Notes (foreign notes), which is forbidden in the national and State constitutions, out of the necessity the states began protecting themselves from the people by forming corporations like Corp. U.S. Accordingly, those newly formed corporate state administrations began adopting Corp. U.S. suggested uniform codes and licensing structures that allowed better and more powerful control over the people, which thing the original jurisdiction governments of this nation had no capacity to do. Our Constitutions secure that the governments do not govern the people rather they govern themselves in accord with the limits of Law. The people govern themselves. Such is the foundational nature of our Constitutional Republic.
15th: By 1971, every State government in the union of States had formed such private corporations (Corp. State), in accord with the IMF admonition, and the people ceased to seat original jurisdiction government officials in their State government seats.
Now, having stated these historical facts, we ask you not to believe us, but rather prove these facts for yourself. We then ask you to contact us and share your discovery with us.
When you find there is no error in this historical outline, then remember these simple facts and let no one dissuade you from the truth.
The Bottom Line: when you speak about these private foreign corporations remember that is what they are and stop calling them government.”
hope … ONLY HOPE … is to immediately take drastic action and remedy this crime.