Henry Ford once said, “It is well that the people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.”
Are you confused by all the talk about monetary policy, fiat money and inflation? You’re not alone. Bankers and politicians have worked hand in hand for many decades to obscure their activities from the public. They hide behind elaborate structures designed to inflate the money supply while creating the false impression that they are looking out for our best interests.
Inflation is a very simple concept to understand: More money = less value. It may seem contradictory but it’s very straightforward.
For illustration purposes, join me on a brief journey of the imagination. One beautiful morning, you wake up and realize that you own twice as much cash as you had just last night. Magic money elves entered your home and bank account and simply doubled your entire cash assets. You’re now twice as wealthy (or half as poor as the case may be).
But you soon realize that the same thing happened to everyone else in the country. The money supply (total amount of money) has doubled! It’s just a one-time event and your regular income remains the same… you just got lucky this one time. It’s okay to dream, so stay with me.
What happens next? If you’re like most people, you probably start spending. You buy things you always wanted to buy but couldn’t afford. You pay back some debts. You buy stocks. In other words, you put the new money into circulation. So do most other people in the country.
Demand for many products increases because a lot more people can afford them now. Consumers are buying so much stuff that some shortages occur. To protect themselves against these shortages, shops and businesses decide to increase their prices. They know that once prices go up, fewer people will be competing to buy the same products, and the situation will be back to normal.
As a side effect of these higher prices, shop owners start earning higher profits than usual. They have more money in their bank accounts, which allows them to increase their spending. They will invest in new stock or expand their business. They might pay out dividends to their investors and bonuses to their employees, allowing these people to buy more products as well. This additional demand puts even more pressure on other shops to increase their prices.
A few months later, prices of almost everything have gone up. Suppliers and manufacturers are faced with the same threat of too much sudden demand from their clients so they too decide to start charging more.
You went on a one-time buying spree and look what happened! Your income stayed the same, but after a few weeks you can suddenly no longer afford the products you used to buy all the time because all prices in the economy have gone up.
Naturally, you demand a higher salary from your employer. If you’re self-employed or in business, you have to charge your customers more money just so that you can maintain your standard of living. Everyone else is in the same situation. Higher prices keep spreading throughout the entire economy, and it’s getting more and more difficult to make a living.
Can you see how this lucky one-time incident which at first seemed so exciting was extremely harmful not just for you but for the entire country? You briefly had a good time but now you’re worse off than before. In our story there are now twice as many dollars in circulation, but your income remains the same and each dollar you earn is worth only about half as much as it used to be. You’re really hoping for those money elves to come back.
As a matter of fact, some people, companies and banks have managed to develop an inside connection to the “money elves”, allowing them to receive new money into their bank accounts whenever they want to. The money is officially a loan (credit), but they know they never have to pay it back… they just “roll it over”, i.e. take up even more debt. With all that easy money in their accounts, and after hearing on TV that stocks only go up and that real estate prices will continue to rise forever, they tend to get a bit lightheaded and start making bad investment decisions. They know that if anything happens to their investments they will be bailed out by the government, so they do not hesitate to take huge risks with their new found “wealth”.
Let’s stop dreaming and look at the reality of things. What if I told you that these “money elves” do exist and that they spring into action not just once in a lifetime, but every couple of weeks? And that they repeatedly give money to their closest friends, but not to you? That prices are going up because the total amount of money in circulation increases, but that you’re missing out on all the fun?
Well, that’s inflation at work. Who benefits from inflation? Only those who are at the top of the pyramid and receive all that new money directly from the source. As you might have guessed by now, the source is the Federal Reserve, and its recipients include the government which “borrows” a lot of new money each year, without any intention of ever paying it back. Another beneficiary these days are failed banks that are being “bailed out” for the good of the “economy”, or defense contractors that receive money to build up our military so we can have a constant presence all over the world and fight never-ending and unnecessary wars. There was even a huge number of small-time beneficiaries who received consumer loans and sub-prime mortgages they would never be able to pay back.
What, then, is fiat money? It’s exactly what we just talked about: money that can be inflated or increased at the push of a button at the say-so of a powerful person or organization. Nowadays most dollars are just blimps on a computer screen and it’s extremely easy for the Federal Reserve to create money out of thin air whenever they want to.
If our money were backed by gold and silver, people couldn’t just sit in some fancy building and push a button to create new money. They would have to engage in honest trade with another party that already has some gold in their possession. Alternatively, they would have to risk their lives and assets to find a suitable spot to build a gold mine, then get dirty and sweaty and actually dig up the gold. Not something I can imagine our “money elves” at the Fed getting down to whenever they feel like playing God with the economy.
As you can see, inflation and fiat money are very seductive and beneficial to those at the top, and very dangerous to everyone else and the nation as a whole. That’s exactly what Henry Ford was talking about. He knew that every country that relies too much on fiat money is ruined sooner rather than later.
There is only one possible solution to the inflation problem: Stop creating money out of thin air. But we’re already in such a mess that the only way to have a real impact on the money supply is to increase interest rates so that people pay back their loans and borrow less money from the banks, which decreases the amount of money in circulation. However, higher interest rates might very well crash the economy. So the Fed’s current “solution” to overcoming inflation is… creating even more of it.
Fiat money is a dangerous addiction. Even if the Fed found a way to stop inflation, as long as the current system persists the temptation will always be there to resume pushing the easy money button. That’s why we need to get back on the gold standard and eliminate the Federal Reserve altogether.
But that won’t happen “before tomorrow morning”, as Henry Ford said, or even this year. Ron Paul believes that the first step towards monetary freedom is to allow open competition in currencies. Once gold and silver are allowed as legal tender and can be sold without sales tax, everyone can use them to store their wealth and to pay for the things they want to buy. The Federal Reserve will finally have a very compelling motivation to stay honest and maintain the value of the dollar because if they don’t, they will simply lose all their customers.
Ron Paul has been an advocate of the gold standard and open competition in currencies for many years. He is the Federal Reserve’s most outspoken opponent in Congress and has frequently questioned Alan Greenspan and Ben Bernanke about the Fed’s actions.
Join the Ron Paul Revolution and help us put the Fed where it belongs: into the history books and out of our financial lives.
More Information
Thomas Jefferson and Andrew Jackson understood “The Monster”. But to most Americans today, the Federal Reserve is just a name on the dollar bill. They have no idea of what the central bank does to the economy, or to their own economic lives; of how and why it was founded and operates; or of the sound money and banking that could end the statism, inflation, and business cycles that the Fed generates.
Dedicated to Murray N. Rothbard, steeped in American history and Austrian economics, and featuring Ron Paul, Joseph Salerno, Hans Hoppe, and Lew Rockwell, this extraordinary new film is the clearest, most compelling explanation ever offered of the Fed, and why curbing it must be our first priority.
In this 1988 interview, Ron Paul talks about money, banking and the Federal Reserve, and predicts the current financial crisis.
Show: American Power Structure
Date: August 1988
Here’s an amazing introduction to the history of the US dollar:
“Free trade requires no treaties. All that is needed is to remove (unilaterally or multilaterally) artificial barriers to trade: England did this in the mid-nineteenth century, Hong Kong in the mid-twentieth century. In 1789, the Constitution of the United States need just fifty-four words to establish free trade among the states. NAFTA, the “free” trade agreement between Canada, Mexico, and the United States has two thousand pages, nine hundred of which are tariff rates.
The sheer size of these trade agreement with their myriad stipulations and controls–such as rules of origin and the corresponding inspection, verification requirements, and the interference in sovereign affairs such as labor laws–belie their name.
Trade agreements are filled with “exception.” A favor is protection from foreign competition for those who wield political influence through vested interests, typically the producers of essential items. Ironically, many government efforts allow producers of basic consumer items to charge high prices, redistribute income upwards: from the poorest members of society to the privileged few. Rather than free trade these agreements create a regime of managed trade and, not least lots of expensive useless wealth-consuming jobs for bureaucrats.
To supervise and control trade between countries makes as much economic sense as supervising and controlling trade between the states or provinces of the same country….
Trade agreements have other detrimental implications. They discriminate against lower-cost imports from countries that are not part of the treat. Trade is diverted away from them to more expensive tax-exempt suppliers, in countries that signed that FTA. Now, the importers of these higher-cost goods need more foreign currency to pay for them. And as a bonus, part of the tax revenue the government gave up with the tariff exemption winds up as income of the pocket of the favored supplier.”
- Manuel Ayau
‘Not a Zero-Sum Game’
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“But, in general, the protective system of our day is conservative, while the free trade system is destructive. It breaks up old nationalities and pushes the antagonism of the proletariat and the bourgeoisie to the extreme point. In a word, the free trade system hastens the social revolution. It is in this revolutionary sense alone, gentlemen, that I vote in favor of free trade.” – Karl Marx
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NAFTA was responsible for the loss of over a million high wage industry jobs..
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We used to have hundreds of steel manufacturing plants. Now we have one or two and we import billions of dollars worth of steel.
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The essential prerequisite for economic growth is capital accumulation in a framework of freedom and sound money.
The consequence of price control is shortage and surplus.
The effect of money expansion is inflation and the business cycle.
The effect of every form of intervention is to make society less prosperous than it would otherwise be.
No matter how hard they try, they cannot re-invent the wheel.
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one more post and i’m done for the night..
I do think the Federal Reserve should be transparent. I don’t believe they are doing anything illegal or immoral to a certain degree. I understand their side of the argument on independence, but I don’t take their side at all. I don’t think they are arguing for independence because they are hiding something, because all the information from this audit will be released in 5 years anyways.
I believe Alan Greenspan is a good man. He was the chairman for what 14 years? A lot of people look up to him. He’s an old man, he’s not corrupt. I don’t think this dream of world domination is being passed down from generation to generation. I think being in control of our countries monetary policy makes them feel real distinguished and needed by giving them responsibilities that we don’t understand and take for granted. They were born from our country and work with pride for our country.
I don’t think we could just snap our fingers and dig ourselves out of this huge economic hole that has given us so much dependence to the federal reserve. I think it could be done, but we need a whole new economic strategy, not just a different type of currency. I believe government policies have dug this hole, so we need to change government policies first.
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Alan Greenspan, at a congressional hearing, finally admitted that he made a mistake, that he was “mistaken about how the world works”. He got that right, spot on! His beliefs, failed him or should I say he failed because of his beliefs.
Thoughts and beliefs are passed down from generation to generation. Birds of a feather….
The FED is immoral and usurps and corrupts our government. We don’t vote for those folks, yet most Americans believe that the we vote in a president who will represent what we want. ha! Years ago, if someone charged interest on a loan, they were looked down upon. How much moreso should the FED be looked down upon for the debt-based system they started under sneeky and clandestine means. America was founded to get away from the King of England and such financial corruption. Have these folks reincarnated to play out their roles to learn something new from their mistakes or are we doomed while they perpetuate them?
The financial industry, just like the legal and political professions, has purposefully made things more complicated than things need to be. Simple works best. Less apt to take advantage of someone else’s life savings or loan. But that empowers the educated citizen, and they don’t want that. Schools are full of students who never learn about how money works, purposefully. It’s to the FEDs advantage that they never learn. That’s why one of them took control of the Department of Education! More control. This group has to be made up of the most obsessively controlling individuals, over the top. I read somewhere that one of the members of the FED is concerned that with all of this maniuplation of people and money in a variety of ways, he worries that it may spiral out of and beyond even their control.
The FED works off people’s dependence on them for money. That is the system “they” created….that is what they purpetrate upon every other country they can. Once they make you dependent, then they gain “control over”. That is why I have imaginings of a country, a world that does not operate based on monetary need or greed, of letting go of the very thing that the FED and our government uses as a tool against ourselves.
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Ya, he deregulated the market. That gives us a strong argument for more regulation.. Just because he is wrong doesn’t mean that that he is evil.
People learn from their mistakes..
You can’t just get rid of the fed. There would be too much inflation. Banks would take the roll and print too much money with low interest rates. We need a new whole system of money and a new economy which can sustain it.
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I believe Alan Greenspan’s befuddlement is much deeper than a mistake in deregulation. He said he did not understand “how the world works.” Sounded more like a spiritual aha moment to me….meaning he does not know how the world of people work…the inner and true nature of the human being…all human beings. The FED spends so much time maniuplating and trying to control everyone and everything in an obsessive manner, that they do not understand the simplicity of the natural. Let go!
The world spun before they were around and it will continue to spin after they are audited and abolished.
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He was talking about deregulation.. He thought the derivative markets could run themselves. Credit swap made those industries “too big to fail” in their eyes.
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It just amazes me when I watch C-span and our politicians talk. I walk away saying, stupid, just stupid reasoning. What planet did these folks come from anyway? Uranus?
Just now one of them said that pres O said the war in afghanistan can’t be won by military alone, something about a 3-legged stool, that we need to help them economically! Help THEM, help the afghan people out economically?! Now I ask you, where is that money coming from? Will there be a trillion dollar bailout for Afghanistan too?
How about getting our own economics squared away first, then we’d truly know how to help others economically by example. Help the Afghan people out economically, ha…we can’t even help ourselves.
It’s so frustrating to hear crazy talk coming out of the mouths of these politicians, and to know that they continue to receive a paycheck, from our tax dollars. We’re paying for such idiocy and waste!
How about we stay out of all these countries so they don’t have to live their daily with continuous war and fighting going on all around them, so they can carry on a normal life? So we can stop spending trillions to keep it going and wasting our money, causing more debt and loss of life. The afghan people agree that they are worse off after US forces came. The afghan people are joining the Taliban because they pay them! The Taliban already have the economics that works figured out!
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The government has to borrow and spend money to replace the money spent overseas. That is why we have all of these long drawn out wars. It’s totally wrong.
The government pays private contractors money to build in these foreign nations and that money goes straight to our financial system.
It’s called Keynesian economics.
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Long drawn out wars are a way to allocate funds and stimulate the economy. It’s not the best way, and it’s totally immoral, but that is why they do this.
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as David Rockefeller (FED) said, the war only needs to be sustained. They make their money, but
We pay as taxpayers
Our quality of life is reduced
We pay with our lives
The other countries pays dearly
The FED/investors makes money off the oil
The FED/investors makes money off the sale of weapons
…and all they needed was a lie to get it started.
They are sick people, very sick people.
Start here:
http://www.youtube.com/watch?v=_dmPchuXIXQ&feature=related
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I don’t think you understand at all. Regular people make money from it. I’ve known lots of people who have gone to iraq for construction. The government spends large sums of money just so can enter our economy. WW2 got us out of the great depression.
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The iraq war stimulates our economy.
http://www.skeptically.org/parwho/id7.html
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Oh, I understand. I understand that thoughts and beliefs like those are wicked and destructive. You need to broaden your tunnel vision. Life is not about greed, as the FED would have you believe.
Sean, if America has to stoop so low as to need a war to stimulate our economy then we are not putting enough value on human life. There is great shame and horror in war. Why do you think so many soldiers come back to the States with mental illnesses after serving in foreign countries? Killing other humans goes against the inner core of a human being. They have to be stripped of their humanity, be brainwashed and taught to kill. There is great value in human life and they instinctly know it. Many soldiers will not even talk about what they have seen. They try to push it out of their memory.
Economy is maintained by the trade of good products and honest services we need, not by the sacrifice of human lives. The FED would have you believe the latter. Get control of your own mind!
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http://en.wikipedia.org/wiki/Military_Keynesianism
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and the astronomical amount of money that is spent on war, would be better spent at home to improve our economy. We are spending money we don’t have, borrowed money. We have been in this war (Iraq, now Afghanistan, and who knows who’s the next target for distruption)for years now and our economy has not improved. All would agree our economy has greatly worsened. That makes your thoughts and beliefs invalid and simply crazy.
War destroys. Love prospers. The two are diabolically opposed. War does not bring peace. If it did, we would surely have it by now.
The strategy of the FED is to first, destabilize the target country, go in and start a seemingly endless war, destroy the country, so they can essentially take it over and make the people dependent upon them financially. That is the meaning behind “helping the Afghan people economically”. The FED’s intentions are not pure.
The FED should not be controlling anything. Their aim is not to uphold the constitution, bill of rights, declaration of independence. Their aim is to destroy them. These are some dimented people whose minds are and have been influenced by the darkside. They do not have sound minds, so their money cannot possibly be sound. We’ll see it all when they undergo the audit.
We are One Nation Under God. Soundness of mind, soundness of money.
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Sean, to be honestly accurate, you should have ended your second comment to me with…. “I don’t think.”
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I swear this is true. It is a known fact.
Google military Keynesianism.
Look in todays news!!
“But in fact they’re not reasonable. If the fiscal crisis was the driving force behind the cuts, then someone forgot to notify the rest of the administration. While the Pentagon was being told to shut down programs, the Obama team was encouraging the rest of government to spend like drunken sailors. As the stimulus package was being cobbled together, military projects best fit the Keynesian profile of “shovel-ready,” yet the Pentagon received just one half of one percent of the $787 billion in additional funding.”
-CBS
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I was told about this by people who actually lived through WW2. Guys who aren’t into conspiracies, very intelligent men.
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Even ron paul talks about it. Just type in Ron paul military keynesianism. haha! i bet you believe me now.
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Repeatedly Sean, I read your posts and then what others have to say back to you. Again and again you get into arguments, daily. You have to wonder why, don’t you? Or do you thrive on them?
Get this Sean, and read it slowly if you need to…
It is not about being right about “what is”, we know what is and ….we don’t like it, it’s not working, it’s not honorable, it’s not what America is about, it’s certainly not what we want, nor how we want to be known to the rest of the world…as some paracitic vampire that destroys and sucks the life out of foreign countries and viciously wastes lives (American and foreign) all to acquire more and more money for the sake of our economy, nor do we want to be known as the leaders of the NWO!
If you believe this is the only way to have a healthy economy…from some military-based economics, then you have become as sick as the members of the FED. It can’t possibly be healthy, period. There is nothing healthy about it or them.
Think Life. Value it.
Think Liberty (not Tyranny). Value it.
Think the Pursuit of Happiness. Value it.
Think Freedom. Value it.
Think Peace. Value it.
Think. Get control of your own mind. Develop sound values principles and morals to live by. Use them to stand up to “what is”.
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I never said I was for it! I’m the biggest humanitarian you will ever meet. I hardly eat much meat because I think it is wrong to slaughter animals. I even said earlier that i thought it was “totally wrong.” I also said that it wasn’t a good way to stimulate the economy, so maybe you should slow down when you read. I have sound values and principles. Even though my parents have money, I have paid for all of my college and I have paid for all of my living expenses on my own for almost 4 years now. I have a nice place on the lake that I work hard for, and i’m only 24 years old. I’ve been a dj for years and I always go out and have lots of fun with my friends and never do harm to anybody.
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Your comments are mixed. Much of them are aimed at presenting evidence as to “what is” and “why it is”, as if you are justifying the wrong that exists, the wrong we wish did not exist, the wrong we are striving to correct….and we hope to God we are successful…because all those values listed above, those are my values and the values of true Americans. Those values are now under attack. The members of the NWO are and have been trying for years to create a world that goes against what is natural and godly in human beings. What has happened to our economy is a result of their work.
It’s better that evil men (and women) have short lives so they don’t build up much bad karma.
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Broken Window Fallacy, Sean
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I don’t wonder why I like to debate, I know exactly why. I learn a lot from it and I enjoy the passion that all of you have on here. It reflects on myself, it’s who I am. I have like 15 conspiracy movies on DVD. I’ve been into it for years. Most of the time people don’t understand my position. I’m not standing up for anybody, i’m just sharing information I’ve come across on this similar path. You can love me, you can hate me, you can join me, you can make fun of me. It’s politics.
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Ya I enjoy telling people why and how things work. I’m the biggest history nut you will ever know. You should see my book collection. I have college textbooks on history and politics for classes I didn’t even take. I enjoy reading them. I’m huge into philosophy. I wrote a 10 page paper on Greek mythology and how it effected the minds and culture of people during that time. I do a lot of engineering for a living. I like to understand why and how things work. That’s who I am. It doesn’t mean i’m evil, because I enjoy understanding things..
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My strongest argument is that we need to stop borrowing money and live within our means. I’m sure you feel the same way. I try to explain possible ways we could do this and I get criticized from people who have nothing to share for themselves.. I do read most of the things you write, and I usually don’t attack you unless you attack me. Same with everyone else. It’s when people start acting stupid is when I tell them to shut up. I think it’s funny because i’m usually on you all’s side. I drove across the country to support Ron Paul at the Rally for the Republic. I email my congressman and senator to support our views. I’m not on this page because I disagree.
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I’ve said it a million times and I’ll say it again. We need to get this free trade idea out of our head. The federal reserve loves free trade because it increases commerce and increases money flow from central bank to central bank. You can’t expect us to be so dependent on oil and other foreign goods without having a some sort of flexible currency and someone to manage it.. I love the principles of sound money. I’ve put a lot of hard thought into it and how we could make it work. We can raise tariffs, we can build renewable power plants so we can drive electric cars, we can export money so they can buy goods from us, we can give tax credits to exporting industries, whatever we have to do to live within our means.
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When you simply present a link or a statement as if it is not only intelligent evidence but your belief in “what is”, knowing full well that this community is fighting against it, that it goes against our moral priciples, then you create an unpleasant encounter for both parties. You can learn a different way… by asking a question. Some don’t want to appear like they don’t know something, that they are all intelligent, but the truth is…we are all learning, so ask. It saves personal energy. I have a brother-in-law who behaves the same way you do and nobody in our family likes him because he intentionally creates an argumentive environment with each person, so we try to avoid him. He puts people on the defensive purposefully. A waste of energy.
First we need to get the FED out of the equation. They pervert and manipulate what we would otherwise prosper from and directly benefit from…the fruits of our own labor. We won’t run across any true American that would defend the FED or the IRS. Both are vampires, not just to foreign countries but towards Americans themselves.
The commercial part of our economy has defaulted and gone done under at 50+%. It’s an increase over previous years. That’s a huge loss in our ability to be self-reliant, self-sufficient, to produce our own products and services. It’s a discouragement to our otherwise talented population that should rightly be benefitting from our own labor.
What works is freedom from the tyranny of a corrupt government that has lost it’s way because it’s trying to function without using the priciples our nation was founded upon. What doesn’t work is manipulation and mis-management of the funds we Americans generate and the interference from too much government inhibiting the creative process that Americans are famous for.
When you have a group of folks high up in government and from the news media attending a political secret service protected ceremony at the Bohemian Grove called the “Cremation of Care”, that ought to tell all of us where their heart is or isn’t.
http://www.youtube.com/watch?v=8REsOIIzv84
http://www.youtube.com/watch?v=P_PAqT2JZOw&feature=related
This is their month to meet, July.
With all of the bailouts, the over burdonsome taxation of our children (are they sacrificing our children in other ways?), we can see that this government is quickly becomming abusive towards its citizens and taking advantage of our nature.
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I do learn from people here, but I learn both sides when I debate. I don’t just take one view of anything. It motivates me to do the research and actually learn some on my own.. I don’t argue with any of my friends because I am a real understanding person. I only debate politics, and I could debate any side. I try to be as down to earth as possible.
I try to give you step by step information on how to reverse policy, but nobody even considers it. I know we are throwing a dart in the dark with this transparency bill. There is no reason to think that it will end the fed.
I agree with you on everything you just said, I just don’t think you can just change a hundred years of a progressive government. I don’t care what government it is, there are too many people with too many opinions. I will do my share to do what I can, but i’m just trying to be realistic. I’m more of a practical than a wishful thinker.
Anyways, I believe along with major economists that the government spends so much money because we spend so much money overseas. So that gives you even more reason to back up what I say and speak out against free trade. I do think we should get rid of the IRS. We created them from removing tariffs, so we should reinstate tariffs. That’s not crazy talk, its just reversing policy. This is really a one sided debate and people trying to argue with me just to argue. Just because i’m not a “regular” and I speak out with intelligent opinions which makes me an easy target to those who don’t understand.
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Maybe if you would listen to what I say, actually listen and understand it, then you would know that the only thing I throw in yalls faces is the truth..
I understand exactly what you and everybody say, but that does not make my words false. We are always both right but I reach out and take it to the next level of understanding.
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Thanks, Mr. Longshottouie.
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Mr. Nenadovic looks alot like Steve Forbes.
My brother finds your formula extremely interesting.
He may have some follow-up questions in the near future.
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Noncredit money is the National Gift Road Right. Non-credit money is the necessary additional quantity of money in circulation (dM) as percentage (k) of existing quantity of money in circulation (M). dM = kM ; k = (supply – demand)/demand ;
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what about money spent overseas? what about petrodollars?
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The National Debt Road Trip
http://www.youtube.com/watch?v=P5yxFtTwDcc
Now I believe that the spending spree has more to do with the FED’s decisions than any president, but this is a good illustration of what is happening now with the economy as compared to years past.
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Money created from formula: dM = kM ; k = (supply-demand)/demand ; is better than gold.
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[...] I don’t think we’re on the verge of it, but if they decide they have to… if you have runaway inflation, then you’re forced to do it. This is what has happened in the past. The only way you can get [...]
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[...] a temporary setback in the Senate, other avenues for public funding are being explored through the Federal Reserve and the Treasury Department. I am afraid the American auto industry will soon learn that having [...]
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Sound familiar? Could our politicians be playing us for fools in putting our trust in them? Nationalization, Borrowing, Eroding Freedom. Listen for the parallels to the US. This will give a glimpse to how far reaching the heads of government are going.
Part I – Daniel Hannan speaking at Conservative Spring Forum 2009
http://www.youtube.com/watch?v=-vmzxoikWNU
Part II – Daniel Hannan speaking at Conservative Spring Forum 2009
Part I – Daniel Hannan MEP: Returning Democracy to Britain
http://www.youtube.com/watch?v=Srejv6rG1vo&feature=related
Part II – Daniel Hannan MEP: Returning Democracy to Britain
http://www.youtube.com/watch?v=z4VvVPIGigo&feature=related
Daniel Hannan: Enough bailouts already
http://www.youtube.com/watch?v=TGKkfKhbrDM&feature=related
Sovereignty, vote of the people
http://www.youtube.com/watch?v=LwbFqp4lesA&feature=related
http://www.youtube.com/watch?v=hRDMG6ghKCU&feature=related
Europe’s Marxist Common Agricultural Policy
http://www.youtube.com/watch?v=UFNru1Vr9hw&feature=related
EU hypocrisy on Guantanamo
http://www.youtube.com/watch?v=bVvQVsMp6wI&feature=related
The EU and the Myth of Consensus on Climate Change
http://www.youtube.com/watch?v=PW4toW1Zh3g&feature=related
EU Hypocrisy on Climate Change
http://www.youtube.com/watch?v=u2-Nv9Awgak&feature=related
Daniel Hannan on lobbying organisations (supplements mentioned)
http://www.youtube.com/watch?v=Ga_NVJqZDLE&feature=related
Daniel Hannan MEP: The Financial Crisis
http://www.youtube.com/watch?v=vjhgsmtc9J8&feature=related
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Sounds like the Prime Minister of the UK, Gordon Brown, is telling his people the same lies and manipulative stories about the economy. Echo, Echo, Echo…. And Obama and him are such good buddies. Did the UK lead the world in saving banks or did the US? Did either of them save the banks, yet?
gordon-brown-save-the-world.flv
http://www.youtube.com/watch?v=7iPaiylUYW0&feature=fvw
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Paying Refugees MORE of OUR Social Security Funds than WE GET!!!
It is interesting to note that the federal government provides
a single refugee with a monthly allowance of $1,890. Each can
also obtain an additional $580 in social assistance, for a total of
$2,470 a month. Compare this to a single pensioner, who after
contributing to the growth and development of America for 40
to 50 years, can only receive amonthly maximum of $1,012 in
old age pension and Guaranteed IncomeSupplement. Maybe
our pensioners should apply as refugees!
Consider sending this to all your American friends, so we can all
be ticked off and maybe get the refugees cut back to $1,012 and
the pensionersup to $2,470. Then we can enjoy some of the money
we were forced to submit to the Government over the last 40 or 50
or 60 years. Please forward to every American to expose what our
elected politicians have been doing over the past 11 years – for the
immigrant -and to the over-taxed American. Meanwhile, a member of
congress receives a full pension for only working a single term of
two years!!!
Cut back to $1,012!!!! The $2,470 they get is 3.67 Times what an
American on SSI gets.
SEND THIS TO EVERY AMERICAN TAXPAYER YOU KNOW
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Be The Solution!
When we End the Fed, the question we must first answer is, What will we replace it with? Do we end it only to bring in the North American Union Amero? OR One World Economy? This is going to be a long drawn out battle. Our very freedom is at stake!
http://www.warnthepeople.org/the-open-forum.html
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What affects population growths and declines, anyway?
While the basic factors affecting population growths and declines are obviously found in births and deaths, there are also additional socioeconomic and cultural factors affecting birth and death rates, such as:
* Fertility (affected by the space of time between children, which itself is affected by cultural norms or cultural taboos as well as consumption patterns)
* Migration (which can influence regional patterns of growth and decline, as a population where many migrate away can lead to a lower population and a reduced pressure of population. Rising birth rates may result if marriages then occur earlier, which is likely. If more men migrate, there are fewer women that will marry which could also lower birth rates instead)
Socioeconomic factors often affect fertility rates and migration patterns themselves, such as (but not limited to):
* Removing or reducing land rights
* Increasing concentration of ownership of land
* Economic/trade policies that increase poverty (such as Structural Adjustment policies that can result in):
o Lack or reduction of education
o Lack or reduction in health care
* Lack of rights for women
* and so on.
http://www.globalissues.org/article/199/population-numbers#Whataffectspopulationgrowthsanddeclinesanyway
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Sean…….
Are you ready to buy a GM car made in China and pay $60 grand for it? I hope you have one of those elitest’s jobs….cuz all middleclass is being wiped out…..I know I will never buy another GM or Chrysler or Fiat…again….what those CEO’s, just did to our country is awful.
The goal of a few for the masses is to wipe out the middle class and to maintain the wealth for the 5%. And to store it in the World Central Banks.
http://www.globalissues.org/article/26/poverty-facts-and-stats
Poverty Facts and Stats
* by Anup Shah
* This Page Last Updated Sunday, March 22, 2009
* This page: http://www.globalissues.org/article/26/poverty-facts-and-stats.
* To print all information e.g. expanded side notes, shows alternative links, use the print version:
o http://www.globalissues.org/print/article/26
1.
Almost half the world — over three billion people — live on less than $2.50 a day.
At least 80% of humanity lives on less than $10 a day.Source 1
2.
More than 80 percent of the world’s population lives in countries where income differentials are widening.Source 2
3.
The poorest 40 percent of the world’s population accounts for 5 percent of global income. The richest 20 percent accounts for three-quarters of world income.Source 3
4.
According to UNICEF, 25,000 children die each day due to poverty. And they “die quietly in some of the poorest villages on earth, far removed from the scrutiny and the conscience of the world. Being meek and weak in life makes these dying multitudes even more invisible in death.”Source 4
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I’m not going to pay 60 grand for a hummer period. China can choke on that all they want..
Did you know we are breeding a super strain of rice that is easier to harvest and yeilds a much much larger quantity?
More than 50% of the world is dependent on rice and this new breed will help feed 100 million people.
I’m sure that we would like to help other countries from starving, but people think it could get too carried away and make countries dependent on us for them to live.
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Here’s the entire article…..I don’t know if I am suppose to copy and past the entire thing or not…but he does’t have a website with it on it to lead you to his website……
Grand Theft Auto: How Stevie the Rat bankrupted GM
by Greg Palast
Monday, June 1, 2009
ant-farm_2
Screw the autoworkers.
They may be crying about General Motors’ bankruptcy today. But dumping 40,000 of the last 60,000 union jobs into a mass grave won’t spoil Jamie Dimon’s day.
Dimon is the CEO of JP Morgan Chase bank. While GM workers are losing their retirement health benefits, their jobs, their life savings; while shareholders are getting zilch and many creditors getting hosed, a few privileged GM lenders – led by Morgan and Citibank – expect to get back 100% of their loans to GM, a stunning $6 billion.
The way these banks are getting their $6 billion bonanza is stone cold illegal.
I smell a rat.
Stevie the Rat, to be precise. Steven Rattner, Barack Obama’s ‘Car Czar’ – the man who essentially ordered GM into bankruptcy this morning.
When a company goes bankrupt, everyone takes a hit: fair or not, workers lose some contract wages, stockholders get wiped out and creditors get fragments of what’s left. That’s the law. What workers don’t lose are their pensions (including old-age health funds) already taken from their wages and held in their name.
But not this time. Stevie the Rat has a different plan for GM: grab the pension funds to pay off Morgan and Citi.
Here’s the scheme: Rattner is demanding the bankruptcy court simply wipe away the money GM owes workers for their retirement health insurance. Cash in the insurance fund would be replace by GM stock. The percentage may be 17% of GM’s stock – or 25%. Whatever, 17% or 25% is worth, well … just try paying for your dialysis with 50 shares of bankrupt auto stock.
Yet Citibank and Morgan, says Rattner, should get their whole enchilada – $6 billion right now and in cash – from a company that can’t pay for auto parts or worker eye exams.
Preventive Detention for Pensions
So what’s wrong with seizing workers’ pension fund money in a bankruptcy? The answer, Mr. Obama, Mr. Law Professor, is that it’s illegal.
In 1974, after a series of scandalous take-downs of pension and retirement funds during the Nixon era, Congress passed the Employee Retirement Income Security Act. ERISA says you can’t seize workers’ pension funds (whether monthly payments or health insurance) any more than you can seize their private bank accounts. And that’s because they are the same thing: workers give up wages in return for retirement benefits.
The law is darn explicit that grabbing pension money is a no-no. Company executives must hold these retirement funds as “fiduciaries.” Here’s the law, Professor Obama, as described on the government’s own web site under the heading, “Health Plans and Benefits.”
“The primary responsibility of fiduciaries is to run the plan solely in the interest of participants and beneficiaries and for the exclusive purpose of providing benefits.”
Every business in America that runs short of cash would love to dip into retirement kitties, but it’s not their money any more than a banker can seize your account when the bank’s a little short. A plan’s assets are for the plan’s members only, not for Mr. Dimon nor Mr. Rubin.
Yet, in effect, the Obama Administration is demanding that money for an elderly auto worker’s spleen should be siphoned off to feed the TARP babies. Workers go without lung transplants so Dimon and Rubin can pimp out their ride. This is another “Guantanamo” moment for the Obama Administration – channeling Nixon to endorse the preventive detention of retiree health insurance.
Filching GM’s pension assets doesn’t become legal because the cash due the fund is replaced with GM stock. Congress saw through that switch-a-roo by requiring that companies, as fiduciaries, must
“…act prudently and must diversify the plan’s investments in order to minimize the risk of large losses.”
By “diversify” for safety, the law does not mean put 100% of worker funds into a single busted company’s stock.
This is dangerous business: The Rattner plan opens the floodgate to every politically-connected or down-on-their-luck company seeking to drain health care retirement funds.
House of Rubin
Pensions are wiped away and two connected banks don’t even get a haircut? How come Citi and Morgan aren’t asked, like workers and other creditors, to take stock in GM?
As Butch said to Sundance, who ARE these guys? You remember Morgan and Citi. These are the corporate Welfare Queens who’ve already sucked up over a third of a trillion dollars in aid from the US Treasury and Federal Reserve. Not coincidentally, Citi, the big winner, has paid over $100 million to Robert Rubin, the former US Treasury Secretary. Rubin was Obama’s point-man in winning banks’ endorsement and campaign donations (by far, his largest source of his corporate funding).
With GM’s last dying dimes about to fall into one pocket, and the Obama Treasury in his other pocket, Morgan’s Jamie Dimon is correct in saying that the last twelve months will prove to be the bank’s “finest year ever.”
Which leaves us to ask the question: is the forced bankruptcy of GM, the elimination of tens of thousands of jobs, just a collection action for favored financiers?
And it’s been a good year for Señor Rattner. While the Obama Administration made a big deal out of Rattner’s youth spent working for the Steelworkers Union, they tried to sweep under the chassis that Rattner was one of the privileged, select group of investors in Cerberus Capital, the owners of Chrysler. “Owning” is a loose term. Cerberus “owned” Chrysler the way a cannibal “hosts” you for dinner. Cerberus paid nothing for Chrysler – indeed, they were paid billions by Germany’s Daimler Corporation to haul it away. Cerberus kept the cash, then dumped Chrysler’s bankrupt corpse on the US taxpayer.
(“Cerberus,” by the way, named itself after the Roman’s mythical three-headed dog guarding the gates Hell. Subtle these guys are not.)
While Stevie the Rat sold his interest in the Dog from Hell when he became Car Czar, he never relinquished his post at the shop of vultures called Quadrangle Hedge Fund. Rattner’s personal net worth stands at roughly half a billion dollars. This is Obama’s working class hero.
If you ran a business and played fast and loose with your workers’ funds, you could land in prison. Stevie the Rat’s plan is nothing less than Grand Theft Auto Pension.
It doesn’t make it any less of a crime if the President drives the getaway car.
******
Economist and journalist Greg Palast, a former trade union contract negotiator, is author of the New York Times bestsellers The Best Democracy Money Can Buy and Armed Madhouse. He is a GM bondholder and card-carrying member of United Automobile Workers Local 1981.
Palast’s latest reports for BBC Television and Democracy Now! are collected on the newly released DVD, “Palast Investigates: from 8-Mile to the Amazon – on the trail of the financial marauders.” Watch the trailer here.
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Interesting, thank you for the article.
Didn’t the UAW agree to this proposal? (for the first of like 9,000 articles)
http://news.bbc.co.uk/1/hi/business/8070072.stm
I was under the impression that JP Morgan has been very tight-lipped on their exposure to the auto industry (and various suppliers) via lending so I would be very interested to see how he arrived at this $6B number. There has been speculation at both much more and possibly much less, where Mr. Dimon stated a $1B number on one of his conference calls – with taking hedges into account. In summation, total exposure for JPM is still a large unknown.
As for Citigroup, I would be suprised if they even knew until after bankruptcy court finished carving what their exposure was.
Seems a little biased given there is still sooooo much to sort out.
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Grand Theft Auto: How Stevie the Rat bankrupted GM
by Greg Palast
Monday, June 1, 2009
………..As Butch said to Sundance, who ARE these guys? You remember Morgan and Citi. These are the corporate Welfare Queens who’ve already sucked up over a third of a trillion dollars in aid from the US Treasury and Federal Reserve. Not coincidentally, Citi, the big winner, has paid over $100 million to Robert Rubin, the former US Treasury Secretary. Rubin was Obama’s point-man in winning banks’ endorsement and campaign donations (by far, his largest source of his corporate funding).
With GM’s last dying dimes about to fall into one pocket, and the Obama Treasury in his other pocket, Morgan’s Jamie Dimon is correct in saying that the last twelve months will prove to be the bank’s “finest year ever.”
Which leaves us to ask the question: is the forced bankruptcy of GM, the elimination of tens of thousands of jobs, just a collection action for favored financiers?
If you ran a business and played fast and loose with your workers’ funds, you could land in prison. Stevie the Rat’s plan is nothing less than Grand Theft Auto Pension.
It doesn’t make it any less of a crime if the President drives the getaway car.
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hahahahahaha no. The recession really hit the car industry. Check out the decline in auto sales this past year.
http://businomics.typepad.com/.a/6a00d8341cd0c953ef00e553ea57118834-800wi
You know there’s a real tangible world out there besides conspiracies you find online.. Your living in an imaginary bubble with jesus and his pals.
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you make a good argument for more regulations and larger government just like Thomas Hobbes.
http://en.wikipedia.org/wiki/Thomas_Hobbes#Leviathan
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I don’t quite understand what this article is exactly alluding to.
However, I assume the ‘Morgan’ this article is referring to is ‘JP Morgan’ and not ‘Morgan Stanley’, which would make the Jamie Dimon quote correctly attributed.
That being the case, JP Morgan is believed to be one of the largest lenders to the U.S. Auto Industry, which automatically means a bankruptcy is not exactly a collection action in any sense of the word.
Did I maybe misinterpret?
BTW, JP Morgan has repeatedly reiterated their desire to repay all of their TARP funding, and to lump them in with Citgroup does JPM a tremendous disservice and is totally unnecessary at best and very misleading at worst.
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Grand Theft Auto: How Stevie the Rat bankrupted GM
by Greg Palast
Monday, June 1, 2009
ant-farm_2Screw the autoworkers.
They may be crying about General Motors’ bankruptcy today. But dumping 40,000 of the last 60,000 union jobs into a mass grave won’t spoil Jamie Dimon’s day.
Dimon is the CEO of JP Morgan Chase bank. While GM workers are losing their retirement health benefits, their jobs, their life savings; while shareholders are getting zilch and many creditors getting hosed, a few privileged GM lenders – led by Morgan and Citibank – expect to get back 100% of their loans to GM, a stunning $6 billion.
The way these banks are getting their $6 billion bonanza is stone cold illegal.
I smell a rat.
Stevie the Rat, to be precise. Steven Rattner, Barack Obama’s ‘Car Czar’ – the man who essentially ordered GM into bankruptcy this morning.
When a company goes bankrupt, everyone takes a hit: fair or not, workers lose some contract wages, stockholders get wiped out and creditors get fragments of what’s left. That’s the law. What workers don’t lose are their pensions (including old-age health funds) already taken from their wages and held in their name.
But not this time. Stevie the Rat has a different plan for GM: grab the pension funds to pay off Morgan and Citi.
Here’s the scheme: Rattner is demanding the bankruptcy court simply wipe away the money GM owes workers for their retirement health insurance. Cash in the insurance fund would be replaced by GM stock. The percentage may be 17% of GM’s stock – or 25%. Whatever, 17% or 25% is worth, well … just try paying for your dialysis with 50 shares of bankrupt auto stock.
Yet Citibank and Morgan, says Rattner, should get their whole enchilada – $6 billion right now and in cash – from a company that can’t pay for auto parts or worker eye exams.
Preventive Detention for Pensions
So what’s wrong with seizing workers’ pension fund money in a bankruptcy? The answer, Mr. Obama, Mr. Law Professor, is that it’s illegal.
In 1974, after a series of scandalous take-downs of pension and retirement funds during the Nixon era, Congress passed the Employee Retirement Income Security Act. ERISA says you can’t seize workers’ pension funds (whether monthly payments or health insurance) any more than you can seize their private bank accounts. And that’s because they are the same thing: workers give up wages in return for retirement benefits.
The law is darn explicit that grabbing pension money is a no-no. Company executives must hold these retirement funds as “fiduciaries.” Here’s the law, Professor Obama, as described on the government’s own web site under the heading, “Health Plans and Benefits.”
“The primary responsibility of fiduciaries is to run the plan solely in the interest of participants and beneficiaries and for the exclusive purpose of providing benefits.”
Every business in America that runs short of cash would love to dip into retirement kitties, but it’s not their money any more than a banker can seize your account when the bank’s a little short. A plan’s assets are for the plan’s members only, not for Mr. Dimon nor Mr. Rubin.
Yet, in effect, the Obama Administration is demanding that money for an elderly auto worker’s spleen should be siphoned off to feed the TARP babies. Workers go without lung transplants so Dimon and Rubin can pimp out their ride. This is another “Guantanamo” moment for the Obama Administration – channeling Nixon to endorse the preventive detention of retiree health insurance.
Filching GM’s pension assets doesn’t become legal because the cash due the fund is replaced with GM stock. Congress saw through that switch-a-roo by requiring that companies, as fiduciaries, must
“…act prudently and must diversify the plan’s investments in order to minimize the risk of large losses.”
By “diversify” for safety, the law does not mean put 100% of worker funds into a single busted company’s stock.
Yes, I know that there’s an exception to the law: if a victim agrees to the theft, it’s A-OK. In GM’s case, the United Auto Workers union has given its blessing for The Rat’s plan to snatch pension assets, but what choice did the UAW have? If the union didn’t cave, Obama would have shut the Treasury’s check book and made the GM workers eat dirt. In other words, the auto workers were given the “choice” of the color of the shovel used to bury them.
This is dangerous business: The Rattner plan opens the floodgate to every politically-connected or down-on-their-luck company seeking to drain health care retirement funds.
House of Rubin
Pensions are wiped away and two connected banks don’t even get a haircut? How come Citi and Morgan aren’t asked, like workers and other creditors, to take stock in GM?
As Butch said to Sundance, who ARE these guys? You remember Morgan and Citi. These are the corporate Welfare Queens who’ve already sucked up over a third of a trillion dollars in aid from the US Treasury and Federal Reserve. Not coincidentally, Citi, the big winner, has paid over $100 million to Robert Rubin, the former US Treasury Secretary. Rubin was Obama’s point-man in winning banks’ endorsement and campaign donations (by far, his largest source of his corporate funding).
With GM’s last dying dimes about to fall into one pocket, and the Obama Treasury in his other pocket, Morgan’s Jamie Dimon is correct in saying that the last twelve months will prove to be the bank’s “finest year ever.”
Which leaves us to ask the question: is the forced bankruptcy of GM, the elimination of tens of thousands of jobs, just a collection action for favored financiers?
And it’s been a good year for Señor Rattner. While the Obama Administration made a big deal out of Rattner’s youth spent working for the Steelworkers Union, they tried to sweep under the chassis that Rattner was one of the privileged, select group of investors in Cerberus Capital, the owners of Chrysler. “Owning” is a loose term. Cerberus “owned” Chrysler the way a cannibal “hosts” you for dinner. Cerberus paid nothing for Chrysler – indeed, they were paid billions by Germany’s Daimler Corporation to haul it away. Cerberus kept the cash, then dumped Chrysler’s bankrupt corpse on the US taxpayer.
(“Cerberus,” by the way, named itself after the Roman’s mythical three-headed dog guarding the gates Hell. Subtle these guys are not.)
While Stevie the Rat sold his interest in the Dog from Hell when he became Car Czar, he never relinquished his post at the shop of vultures called Quadrangle Hedge Fund. Rattner’s personal net worth stands at roughly half a billion dollars. This is Obama’s working class hero.
If you ran a business and played fast and loose with your workers’ funds, you could land in prison. Stevie the Rat’s plan is nothing less than Grand Theft Auto Pension.
It doesn’t make it any less of a crime if the President drives the getaway car.
******
Economist and journalist Greg Palast, a former trade union contract negotiator, is author of the New York Times bestsellers The Best Democracy Money Can Buy and Armed Madhouse. He is a GM bondholder and card-carrying member of United Automobile Workers Local 1981.
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“a few privileged GM lenders – led by Morgan and Citibank – expect to get back 100% of their loans to GM, a stunning $6 billion. The way these banks are getting their $6 billion bonanza is stone cold illegal.”
FYI turns out this is not stone cold illegal, the $6 billion is from secured lending. Meaning even in the event of bankruptcy they would own assets that backed the lending. Turns out the above article is just another example of horrific journalism.
http://www.bloomberg.com/apps/news?pid=20601087&sid=aA1LQFDhqkJ0
“GM had global liabilities of $176.4 billion as of Dec. 31, 2008. Banks such as JPMorgan Chase & Co. secured GM’s revolving loan of about $4.5 billion with inventory, receivables and factories, also providing a $1.5 billion term loan. “
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Sean,
Jesus was imaginary?
Maybe it was a conspiracy.
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Since reading the truth from this wonderful lady….No wonder I thought it was stupid to buy into the stock market! It all goes to the government,the stock broker and the CEO’s! And all they complain about is how much does a GM worker make per hour…and no one asks how much a stock broker or a CEO makes per hour do they? Or our congressman are asked either….or shamed , like they have done to our working class……..
The Real Deal: Dow Jones Up, Solari Index Down
http://www.scoop.co.nz/stories/HL0202/S00103.htm
Today, the Dow Jones is over 9,000, debt per person is over $100,000, and I think the Solari Index in my old neighborhood is 0 percent.
Life on the street ain’t sweet anymore.
To understand how this works, we need to understand “pop.”
It’s Not Just About Profit,
It’s About the Pop
Here is the part that is particularly hard for women. It took several times at our sheet of paper before Georgie understood what I was saying.
The power of narco dollars comes when you combine drug trafficking with the stock market.
The “pop” is a word I learned on Wall Street to describe the multiple of income at which a stock trades. So if a stock like PepsiCo trades at 20 times it’s income, that means for every $100,000 of income it makes, it’s stock goes up $2 million. The company may make $100,000, but its “pop” is $2 million. Folks make money in the stock market from the stock going up. On Wall Street, it’s all about “pop.”
The people who own a corporation make money on the stock going up. So a company has investors, with the most powerful investors typically being large institutions who are typically represented on the board of the company. The board is the group of people who decides what goes. The senior management officials who run the company day to day are also on the board. Most of the money they make comes from stock options that they get to encourage them to get the stock to go up for the investors. That means that what everyone who runs the company wants is for the stock to go up. The way to do that is to increase net income or to increase the multiple at which the stock trades.
So in the case of PepsiCo described above, if the management increases soda pop sales in a way that net income goes up by $100,000, the stock goes up $2 million. Now let’s say, the board and management do a whole series of things to attract new investors and improve the company’s image and, as a result, the stock starts trading at 22 times profits. Then, the stock value goes up even more. Whether increasing net income or increasing the multiple at which the stock market values the company profits, the board and the management are focused on making the stock go up. That is how their money works.
The winner in the global corporate game is the guy who has the most income running through the highest multiple stocks. He is the winning pop player. Like the guy who wins at monopoly because he buys up all the properties on the board, he can buy up all the other companies.
So if I have a company that has a $100,000 of income and a stock trading at 20 times earnings, if I can find a way to run $100,000 of narcotics sales by a few teenagers in West Philadelphia through my financial statements, I can get my stock market value to go up from $2 million to $4 million. I can double my “pop.” That is a quick $2 million profit from putting a few teenagers to work driving the Solari Index down in their neighborhood. Bottom line, I can make a lot of quick money on the stock going up and the Solari Index going down
OK, now what does this all mean for the Solari Index in Philadelphia? If I am a group of mothers in my neighborhood who want the Solari Index to go back up to a 100%, what’s stopping me?
Well, if the Department of Justice is correct about $500 billion-to-1 trillion of annual money laundering in the US, then about $20-40 billion should move annually through the Philadelphia Federal Reserve District.
Assuming a 20% margin for the BIG PERCENTAGE profits and a 20 times multiple on the stock of the companies that Dave and his investors and banking partners were using to launder the money, let’s look at how much of the stock market value would be “addicted” to the drug and money laundering profits flowing through the Philadelphia area.
The total stock market value generated in the Philadelphia area with $20-40 billion in narco retail sales would be about $80-160 billion. If you add all the things you could do with debt or and other ways to increase the multiples, and you could get that even higher, say $100-250 billion.
Assuming that there are 3 million people in the greater Philadelphia area, the total stock market value generated would average anywhere from $27,000-to-$85,000 per person. Imagine what would happen to the economy in Philadelphia if this stock market value suddenly disappeared because all the teenagers in Philadelphia stopped dealing or buying drugs?
Imagine what happens to your stock multiple if you are a Philadelphia corporate chieftain and you don’t run narco dollars or large purchases fueled by narco dollars through your financial statements and you don’t attract narco dollars to reinvest in your stock? What happens to your corporate income and your stock profit if the ones who invest narco dollars – accumulated over the last fifty years compounding at their magical compound interest – don’t like you? How is everyone in Philadelphia who loses money on your stock going down going to feel about you?
The Department of Justice says that we launder $500 billion -$ 1 trillion. Multiply those times a BIG PERCENTAGE cash flow profit margin. Now figure how much of that “income” gets run through the income statement of publicly traded banks and companies and multiply that number by the multiple of income at which their stocks trade.
Voila. I don’t know what your number is. All I know is that, as Ed Sullivan used to say, it is “really, really BIG.”
(continues…)
******
…come back tomorrow for Part 8 of Narco-Dollars for Dummies…
- AUTHOR NOTE: Catherine Austin Fitts, author of Scoop’s “The Real Deal” column, is a former managing director and member of the board of directors of Dillon Read & Co, Inc, a former Assistant Secretary of Housing-Federal Housing Commissioner in the first Bush Administration, and the former President of The Hamilton Securities Group, Inc. She is the President of Solari, Inc, an investment advisory firm. Solari provides risk management services to investors through Sanders Research Associates in London.
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Slave labor is over for the United States, the Slave Master left the country.
Now they want our tax dollars, the last they’ll get from our income taxes to use to pay the slaves they found in other countries, that will except less slave wages than they paid the US working class.
So,just turn off the lights and the natural gas and the gasoline, when you get done with us…..NAFTA left us for dead a long time ago.
Thanks for funding government agencies cuz we will need the food soon……that was kind of you to prolong our life in the USA a little longer.
If we last 4 years …….you’ll be jobless also!
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[...] will we as a Congress stand idly by while hard-working Americans see their savings eaten away by inflation? Only big-spending politicians and politically favored bankers benefit from [...]
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JPMorgan’s WaMu Windfall Turns Bad Loans Into Income
http://www.bloomberg.com/apps/news?pid=20601208&sid=aYhaiSOq_Tbc&refer=finance
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China Buying Gold!
the Chinese are never going to publicly acknowledge they’ve been buying gold until they are done buying. That’s just how it is. That’s how any central bank would do it.
http://news.goldseek.com/GoldSeek/1178809561.
Gold Derivatives: The Tide Turns
There is a tide in the affairs of men
Which, taken at the flood, leads on to fortune;
Omitted, all the voyage of their life
Is bound in shallows and in miseries.
On such a full sea are we now afloat,
And we must take the current when it serves,
Or lose our ventures.
Shakespeare, Julius Caesar, Act 4, scene 3, lines 218–224 (Brutus to Cassius)
http://www.goldensextant.com/commentary34.html#anchor376929
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[...] Representative,Please co-sponsor and/or support H.R.1207, an effort to audit the Federal Reserve.Recently, it has come to light that there is little to no accountability to the people on the part [...]
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May 23RD, 2009 in an interview with C-Span, BARACK HUSSEIN OBAMA had a ‘revelation’, when he stated to America “WE’RE OUT OF MONEY”…. Is it possible? Has OBAMA finally woken up from this dream of his in re-shaping and re-defining America? This is a developing story found on: http://www.drudgereport.com and also on http://www.c-span.com
How can an individual, much even less an entire country prosper when you spend, spend, spend, especially on worthless earmark projects? Then try to generate tax revenue to bail yourself out of your self-inflicted deficits? What economist devised this theory? What role did the FEDERAL RESERVE play in this matter when they stole wealth from the American People? AUDIT THE FED RON PAUL, we have almost won the majority of the battle folks. The truth is about to come to light. Will we all be amazed? A lot will be!! And a few of us, have known all along about this economic crisis sustainability issue with our corrupted government officials. THANK GOD FOR RON PAUL, and those that stand alongside with him. Maybe there is HOPE yet for AMERICA!!
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I was just now searching for about this when I found your blog post. I’m just visiting to say that I very much enjoyed reading this post, it’s really clear and well written. Are you going to write more on this? It looks like there is more depth here for later posts.
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“A government big enough to give you everything you want, is strong enough to take everything you have..”
- Thomas Jefferson
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Russia stops using the Dollar as its basic reserve currency. As the Federal Reserve creates obscene amounts of new money with nothing of value behind it, its purchasing power goes down, and other nations no longer want it. Neither should you.
Pravda 2009 May 19
for the full article: http://english.pravda.ru/business/finance/19-05-2009/107581-dollar_russia-0
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I am totally against to the private power the Federal Reserve has over the issuance of new American dollars. I am fully aware of how this unconstitutional power has used American dollars to create a Global Economy through the IMF with the full intent on creating a World Government. It is like unto Their foolish effort though Hitler to create a competitor against the unrelenting expansion of The United States of America. So, they must has learned to take deeper control of the American Government in order to complete what they horrifically fail to do through Hitler.
Forever trying to stop the every day citizen from having the FREEEDOM to become a capitalistic tycoon? One that could stop their plans through political lobbing or popular vote? To what ends do these diabolical forces seek to enslave humanity into a camp of mindless working slaves? They are like unto the breeders of desolate the forgers of foolish self destruction. Because they seek power without proper democratic representation. Because they attain power from slavery and treason.
This unconstitutional power has been strategically used through the IMF to evolve a Global Economy. However, I do not feel that backing Dollars with precious metals will solve the problem. For Gods sake, what gives even a pinch of gold value? Just because it is so none corrosive?
It is in fact that this non corrosive metal represents a trade for labor or mental labor. Why subject a population to the scarcity of such precious metals? Our labor as a people can be represented through the US constitution in any way we chose. So, what is the accepted value of American labor? What is how we define the value of the Dollar?
A people, a tribe, a nation? What is it that they feel binds them together into a Union of commerce? Is it who has the most gold or who has the most SKILLS. Lets us not be once again burdened by the gold smith who capitalizes on the labors of those who actually do something for the local economy. Going back to the gold standard would be barbaric. The Feds realized this and totally inflated the concept. In other words, expanded upon what we the people had faith in. So, it is not the gold but what is proper representation that truly matters.
Let us evolve unto a new era of systems that represent the labor wether it be physical or mental as the value of our currency. With such a system one could make anything the medium of exchange. So, the medium of such a system must have a medium of symbols (engravings). Let these engraving and print be a symbol of We The People that can not be forged.
There is simply not enough gold to satisfy the every expanding humanity!. Holding onto the gold thing will only perpetuate the onslaught of history. Embracing a new constitutional representation of constitution currency through the recognition of common labor and common mental effort would be a greater step forward for the Kingdom. (America).
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Douglas,
You’re onto something here. What ur aluding to in a way, is more of a utopian type society, which is a concept not able to be grasped by most people, due to lack of spiritual understanding. We place little to no value on many of the services individuals provide. We pay our atheletes and movie stars millions because of their marketing, yet we pay our teachers, nurses, and parents next to nothing in comparison.
So skill based reward is out the window for now, for as a nation or society, we have not evolved sufficiently to recognise this obvious dilemma.I would imagine that highly evolved societies (of which i cant think of any on earth other than indiginous humans), would not require any form of currency whatsoever. This can be easily confused with a form of communism, and on the surface it probably is, but the core fundamentals and reasoning for it is completely different.
There will come a time (hopefully) when humans no longer compete over scarcity. Abundance is the true nature of the universe and there is more than enough of everything to go round.
I agree with what u are saying regarding the FED, IMF, CFR (all the same creature), and they do need to be brought to an end.
Returning to a gold standard is not necessarily a backward step, especially if it aids in decentralizing power (which it may or may not achieve), and is also something that we used quite successfully in the past and is a familiar concept easily grasped by society. This wouldn’t be such a leap initially, at least until our entire economic system is overhauled/redeveloped.
There is alot of hype around the whole 2012 saga, with some very sound science accumulating evidence suggesting a cosmic event/consciousness shift, which may be exactly what humanity needs in order to survive.. It has been said that when our technology exceeds our maturity then we will cease to exist.. That time is upon us and we are at the crossroads. Something big is on the horizon.
Whether it results in humanities perception of itself changing, or not and removing the need for money, who knows. We can only deal with what we have now…
Something needs to be done to eliminate the FED and others and return the balance of power to the people. At this stage, anything would be an improvement. Gold, Silver, skill based assessments, whatever, just get rid of the criminals running the show now.. I believe that a time will come when people are rewarded based on the worthy contributions they make towards benefiting the whole.
Spiritual teachers, parents, educational teachers, health professionals/healers, etc, that contribute to our world far more than a corrupt politician or bank ceo, will one day see their selfless dedication rewarded.
I would like to hear more of ur ideas Douglas.
thanks
Peace I AM
P
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I’m going to get a little philosophical here…
Have we reached the point in our evolution that we can live and contribute to society without mass government and money? The governments are corrupt and self-serving anyway and money is used to manipulate us plus it is backed by nothing but air….so are we really dealing with and fighting over nothing?
As long as we think we need the thing that others use to control us, we can be controlled by it. If we let go of thinking we need it, is that our true freedom?
Like in the game of tug of war. If both sides are tugging and then one simply lets go, the other side falls down, while the one who simply let go still stands! That’s a visual.
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Returning to a gold or other precious metal based monetary system is an intelligent step in correcting this debacle.. Although there isnt a court in the world to prosecute those responsible, it should at least be attempted.
There are enough knowledgable people in our communities with enough evidence (its all around us for that matter), regarding the dealings of the Rockefellers, Carnegies,Rothschild, Kissengers etc, (The Bilderberg Group)to bring a class action against these entities for the miriad of crimes they have committed against people, governments and nature.
If someone is convicted of drug related crimes, they can often have there possessions confiscated as they were purchased with tainted money or not paying their taxes. So.. if it can be proven (and it can), that these elite satanists are responsible for creation of wars, false terrorist attacks, fiat money system, poisoning of our food, water, air, creation of third world debt, suppressing advanced technologies, creating religions for the purpose of control, hijacking governments, genocide, unauthorized mass inoculations, biological attacks, insider trading, etc etc, then it stands to reason that they should be stripped of their entire fortunes.
Their empires were built on lies, deceipt, murders, theft, treason etc, basically every trick in the book so why not confiscate their ill gotten wealth and return it to the people…
There’s the stimulation the economy needs. Remove the cancer and life will thrive.. Return the wealth to the people, let the free-market find its equalibrium. Let the banks fall if necessary as they are all false institutions anyway.. Abolish the Federal Reserve. It wont matter that Illuminati own the gold, coz if they are crushed then they have none and can no longer manipulate the markets/economies/government.
NWO have plans to exterminate 80-90% of the global population, create a world government, world currency, world army and a microchipped population of less than 1/2 billion. If they are not stopped soon, then the US economy will fall, the government bankrupted (and the people), and complete devaluation of the dollar and the rise of the Amero currency and the North American Union.
Turn off the mainstream television/radio news, stop buying newspapers and tune in to alternative media reporting the real truth, not the multitude of fabricated BS spilling out of a familiar (trusted) face on t.v. Direct family, friends and strangers to the relevant websites etc to arm themselves with as much info as possible…
Remember violence is never the answer, and if it gets to the point where BlackWater military personnel start kicking in doors and dragging patriotic Americans out of their homes at 4am to be flown to concentration camps for immediate extermination, then we have failed.
The best way forward is by realizing the ultimate truth.. That we are all ONE. Separation is an illusion.. God is not angry or vengeful like religion has u believe and u are not going to burn in hell for committing a sin… That is complete and utter nonsense when the true nature of our universe is understood.
There is no real enemy. Our own fears and doubts created this situation as we did the people blinded by greed that perpetuate the problem. We only need truly love ourselves and each other and we can change the world but it must start within. Nothing happens on the outside that hasnt first happened on the inside.. So if u dont go within, u go without.. If we heal within, the outside must reflect the innerhealth, as its the law… So when our perspective, beliefs, maturity and unconditional love resonate with the flow of the universal current of life, then our physical world will reflect that also. Solutions to problems come from the divine within us all.. Nobody has ever had a good idea using subconscious memories replaying over and over in their mind..
All good ideas come from inspiration (divine). And since we are all varying expressions of the one life (source energy – God), then we can all effect change via tapping into our inner source.
Change is upon us, but we are at a critical phase. The change can be the end of freedom as we know it… or it can be the start of true freedom as we have never known it… The choice is ours…. Start remembering who u really are and shine ur light on all those unfortunate enough to have forgotten..
Peace I Am
P
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I like what you said…
“There’s the stimulation the economy needs. Remove the cancer and life will thrive.. Return the wealth to the people, let the free-market find its equilibrium.”
and about the North American Union. If things keep going as “they” plan, then we can realistically look into the future a bit by paying attention to this brave and inspirational politician in Britain who is contesting the European Union (EU) and how centralized government in these two Unions is and will further distance government from the people’s vote.
Daniel Hannan – do a youtube search and you will see several of his videos and learn of his troubles in Britain…very much the same as the US and some of what we would have to look forward to if the North American Union is allowed to take over our government.
I’m going to get a little philosophical here…
Have we reached the point in our evolution that we can live and contribute to society without government and money? The government is corrupt and self-serving anyway and money is used to manipulate us plus it is backed by nothing but air….so are we really dealing with nothing?
As long as we think we need the thing that others use to control us, we can be controlled by it. If we let go of thinking we need it, is that our true freedom?
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[...] but first I want to mention that I find it awfully frustrating at times when we always talk about inflation and we only talk about the prices and say, “We have prices under control, there is no [...]
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What next? What could possibly be next? It is a new crisis every single day with this Obama Administration — say one thing, and do completely the exact opposite!! Today Obama wants to increase workers at the I.R.S.!! They want to “audit”, and monitor us(the little guys), yet they squander, steal, mis-appropriate, and waste BILLIONS of dollars daily!! With the exception of a few good folks who are honest, are truthful, have integrity and the best interests of the Country and American People in mind namely RON PAUL, DAVID VITTER, CHARLES BOUSTANY, and others whom have taken a stand for what is right, just and true, the majority in Congress don’t have a clue as to what is going on, what has gone on, and whom to hold accountable. The economy is in shambles, morale across the nation is at it’s lowest in years and sinking daily, and all they talk about is “their agenda”. What about the little guys, what about the small business, what about the true Americans that pay their taxes, try to pay their bills, and raise a family in this environment of UTTER CHAOS???? Obama’s CHANGE has come to America, and the HOPE his administration speaks of is that no-one will pay much attention to what is actually going on “behind the curtain”….. Thank GOD, there are some honest people in Washington, D.C. that want to look behind that curtain, and expose what is really going on……. Financial Terrorists.
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Yes, I agree, I want them to take the Swine Flu and Avian Flu vaccine first…on film, live……cuz back in 1976 I nearly died from getting the Swine Flu Vaccine….when President Ford mandated it and then came on TV and said “oh sorry, humans can’t get it”. Here in Michigan 30,000 died just from the vaccine! 55,000 died nationwide. Two doctors from Georgia were up late last night in the US House and are Rep. and they had a chart all about the Swine Flu vaccine and what it did to us in 1976. They are against it.
And they think with just one baby from Mexico dying from H1N1 just over the border, in Texas, doesn’t mean its a pandemic! In 1976 Ford spent $125 million on the Swine Flu vaccine and it was given to 50 Million people. Now President Obama wants to spend $2.2 Billion to give the world the Swine Flu vaccine! I wonder if he has forgotten the 1976 disaster with it and also, what happened to our Healthcare Program, our Housing Bubble that busted, and the Bank Bust! Lets put that money into getting Healthcare insurance for those without it!
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why does BOA need another 32 billion, they have been on a mad purchasing rampage
anyone believing our current political structure is a democracy is deluded, we are in an oligarchy
free vaccines are here for the taking now, ask at your pharmacy, lets ask for our fearless leaders to let us inject them first!
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30,000 people die of the plain ole Flu every year! And they don’t call that an epidemic.
Is anyone old enough to remember the Swine Flu scare and the mandated vaccine ordered by President Ford? Well, I got the vaccine and I nearly went into respiratory arrest on the way home from getting it! A few weeks later, President Ford came on the news and said he was sorry but humans can’t get the swine flu, it’s passed from pig to pig.
WJR out of Detroit,this week put its listeners in touch with that Swine Flu scam back in the late 70’s and reported, that year 55,000 people died nationwide of the Swine Flu vaccine and 30,000 of the 55,000 died here in Michigan from the vaccine!
So, I think this is another way for government to depopulate us and to get our focus off the investigation’s of our government. Also, what I am wondering is the 100 or so who died of some kind of flu in Mexico, did they die after they may have been used as guinea pigs from taking the Swine Flu vaccine? And the one little Mexican baby that died just across the border in Texas, had she been given the Swine Flu vaccine along with her outrageous numbers of other immunizations that they are giving now to babies?
Plus, this Swine flu vaccine has double the amount of Mercury in it as a preservative, enough for a 1,000 lb. human …….but not little 7 lb babies. The mercury in those flu shots would nearly kill yah let alone a vaccine that is not transmitted to humans and should never be put into the their bloodstream to try to build up antibodies against it…..it’s kind of like what Monsanto does with their GMO seeds and GMO piglets…..no human can tolerate that type of food. Monsanto’s should be stopped too. This swine flu thing is probably just a ploy to MAKE everyone buy Monsanto’s GMO piglets, to make the company rich and a monopoly on, all,our food.
The only trouble is people who eat the food grown with the GMO’s well, they expect about 20,000 million starving people to die from the food Monsanto produces…….but what do they care right?
Feed the Hungry programs are all run by the Elitist’s to make money and kill us off.
Sorry to be so suspicious and negative but I’m fed up with the feds…none of them either know what they are doing or don’t care.
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Oh, no need to apologize. I feel the same way. As soon as it hit the news, I instantly wondered about our government possibly testing and a purposeful release of H1N1 virus. They could watch how it spread across the country, how people reacted, a trial run on how the news media would handle the coverage, the medical systems in place, etc. The Tamiflu company stands to make a bundle. But it’s not recommended. READ THIS:
http://www.thepetitionsite.com/1/a-universal-declaration-of-resistance-to-mandatory-vaccinations
This morning I heard the talk that Obama made along with the Russian president after their visit. Obama happened to mention that there were areas where they did not agree, but where they had reached agreement. One are of agreement — the H1N1 virus.
After all of the scare and alarm put through the media and school closures, counting the cases and number of deaths, it was determined that the symptoms were mild, just like the regular flu. It was determined (at least in media releases) that the people who died with the H1N1 virus had other medical complications. Is this the governments way of eliminating those that their financially collapsing medicare and medicaid programs would otherwise need to care for…not to mention the dieing social security program? If they take away jobs, social security, the pensions of the baby boomers and put us in anyone of these — continued recession, depression, hyperinflation, inflation, over taxation, and maintain the high cost of health care, how will our seniors survive?
I’m going to get a little philosophical here…
Have we reached the point in our evolution that we can live and contribute to society without government and money? The government is corrupt and self-serving anyway and money is used to manipulate us plus it is backed by nothing but air….so are we really dealing with nothing?
As long as we think we need the thing that others use to control us, we can be controlled by it. If we let go of thinking we need it, is that our true freedom?
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[...] of unconstitutional wars, b) abusive taxation, c) lack of transparency in the Federal Reserve, d) creation of money out of thin air… [...]
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Sean what do you do for the freedom movement exactly huh. i don’t see you trying to concentrate our forces but to argue away our resolve. i never hear you speak on how you contribute to inform the masses. all i ever here you do is argue with them endlessly. so Sean what do you do besides waste time here huh. actions speak louder than words don’t they. and your actions seem directed towards pissing people off Sean. so WHAT IS IT EXACTLY, YOU DO FOR OUR COMMUNITY’S SEAN….
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I drove across the country to support Ron paul at the campaign for liberty in minneapolis, i’ve donated about 100 bucks, i bought a bunch of his books for christmas presents, i’ve called my congressman, and speak out against the income tax, war, and government spending to my friends, people at college, and work.. I didn’t know you wanted a bibliography.
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Ron Paul and I have the same concepts but i go into more detail..
We both think that we consume too much. I say that our number one consumption is oil. We say that we must live within our means. I say that we should protect domestic production so we can produce as much as we consume. We both say that central banking practices lead to business cycles. i say that monetary policy, or central banking is based off core inflation, or the price of oil. So we have to control oil to get rid of monetary polices.. If your saying i’m wrong, than your saying ron paul is wrong.
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to bad Sean that your so controversial. no one cares about your views or ideas and that must hurt. you need closure and its sad that you don’t know when your not wanted.
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which part is controversial? please explain.
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obviously the matter at hand is to wake as many people as possible by sending them to sites like warnthepeople.org
or videos on the fed and their influence on our politics . that should give people a glimpse into what this is all about, and through the facts that theses sites contain. firmly separate for supports sake, separate our message from that of the UFO conspiracy theorist. while simultaneously explaining to them that our top priority is gather as many people as possible, to contact their representatives and push to have the fed audited. and in turn become active in the fight to wake people up. 1 tells 2,=4, 4=8, 8=16, 16= 32 etc
for those of us who are not engaged in dick sizing Sean, we can act like relays and just forward information and distribute it through all available mediums of communication. via telephone, fax, mass email, social networks, USPS. handing out fliers in schools, police stations hospitals, fire station, you get the drift. or good old fashion blow horn in a shopping district with charisma and passion to stir up the masses. hey just telling people that the bailout money that they are paying for is going into the pockets of the same bankers who own the fed. remind them of what madolph had done with the 60 billion. and wallah you’d be surprised how many people will join the cause.
see Sean, while your here talking all that junk Ive been sending faxes, to every representative and senator in NY, NJ, DC 3 times a day. about HR 1207. print out about a thousand fliers a day and distribute them in the locations mentioned above when im not fixing computers. I’m also trying to get some students in colleges and university’s to spread the truth on their campuses. you see Sean while your talking big you haven’t done shit. oh and please don’t even think of making shit up now that i mentioned all of this. because Ive been reading post here for a while. and i haven’t heard of any of your efforts to spread the news. and i was wondering if someone here could visit our sister sites and attempt to inform people on not just the facts. but methods by which they can transmit the information more effectively. Ive come up with my own job description called STIR. IRONIC ISN’T IT:) lets stir shit up
see Sean talk is cheap but actions are priceless.
job description. Source to Target Info Relay. (STIR)
to retransmit a signal or message
to retransmit (a signal, message, etc.) by or as if by means of a telegraphic relay.
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see what i mean people Sean just wants to tell us all that we are doing all of this in vain. sound familiar, double speak huh. one minute he says that he supports all that Ron Paul does. then the next hes like well it doesn’t mater what any of you do you all are going to fail. you see Sean, the more you speak the more obvious your roll on this site becomes. unfortunately for you this isn’t mass media where information is sent one way. here we can call you out on your lies and distortions. and send you packing. don’t you just love the internet….LOL
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you haven’t called me out once in a lie. prove me wrong. Your a bunch of talk and no brain.
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LOL!!! why are you calling other people’s representatives? I bet they get tired of you writting the wrong person three times a day. Why dont you call your own congressman and senator. Thats how the system works.
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Just so you know.. A democracy is when the people vote on laws, but since people are economically different from one another, we give each district a representative who speaks for the people in their area. Its not the duty of a congressman in some other state to listen to what you have to say. They probably laugh at you.
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i said faxing asshole, not calling get your shit straight jerk off
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wow, your high tech.
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I sent a letter to my representative in Washington State and he’s signed up as a co-sponsor of 1207! He’ll carry our message to congress and the senate. It’s working!
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Thanks You Guys. I really appreciate your speaking up and booting out Sean…..We the people have spoken Sean. We are fed up with all you Feds propaganda.
I came back tonight to post another site containing the Truth.
here they are:
http://www.scoop.co.nz/features/RealDeal.html
http://www.scoop.co.nz/stories/HL0503/S00090.htm
You may want to read several pieces, re: John Perkins “Confessions from a Economic Hit Man” and Kelly:
Will the Real Economic Hit Men Please Stand Up
http://www.scoop.co.nz/stories/HL0503/S00090.htm
along with the two posts here called “Material Omissions”.
from one of my favorite people, who totally understands what we are up against. check out her site: Solari.com
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feds propaganda? ok, you can ignore the fact that the fed was created to promote free trade under woodrow wilsons “new freedom” policies.. You can pretend you understand the 4 different types of money in our system and how it works. You can want to destroy the fed, but until we end free trade, its impossible. THe fed right now is making itself transparent so there are people who say that this bill wont even pass. I hope it does, but I hope you understand that nothing will happen to Federal Reserve if it does.. If ANYTHING happens, by law, whichever publicly elected official will be put in prison.. They are adding transparency, so nothing else will really happen. We’re not going to get rid of federal reserve because all republicans and democrats are for FREE TRADE. I’m sorry to rain on your parade.
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u see this.. our country is getting poorer. They can’t even create enough money, we spend so much overseas.
http://en.wikipedia.org/wiki/File:Components_of_the_United_States_money_supply2.svg
M1 is the amount of money in the economy.
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Perfect example of your lack of economic understanding. Again, you demonstrate that you think money is wealth.
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i said production is wealth. You keep putting words into my mouth to make you sound right.. If you don’t know nothing about the “money supply” than it proves your lack of economic understanding. hahahah! what a fruit.
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This is the most important lesson you could learn. Here, read this..
“Government, through more law, can create money
to directly intervene in trade that follows bank created
standard money. This is fiat money, based not on the
wealth it represents, but on its systematic use to avoid
radical loss in its purchasing power.”
-HenryC.K.Liu
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What do you think “globalization” is?
“Globalization is often used to refer to economic globalization, that is, integration of national economies into the international economy through trade, foreign direct investment, capital flows, migration, and the spread of technology.”
THere is your NWO. If you don’t understand central banks role in free trade and globalization, than you must be dumb founded..
Seriously, what do you think NAFTA is? What do you think the European Union is? You seriously must be off in the head.
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“u see this.. our country is getting poorer. They can’t even create enough money, we spend so much overseas.”
Where does this say anything about production? Money creation is not production.
Again you resort to the ad homs. I have not called you a single name. The only thing I’ve done is counter your economic nonsense. Seriously dude, why not post on an Obama site or a site favorable to the current administration? Most everyone here is hostile to your posts and your ideas with good reason.
Your Liu quote is a little odd. The creation and use of fiat currency does nothing to avoid a loss in its purchasing power. Such action does the exact opposite. It destroys purchasing power.
I much rather prefer
Part I: A Crisis the Fed Helped to Create but Helpless to Cure
by Liu.
http://www.henryckliu.com/page151.html
Still waiting for you to prove that I’m not the reincarnation of Alexander the Great.
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HAHA! you can’t prove a belief. Are you calling money a belief? I said production creates wealth. Are you that idiodic? You haven’t countered anything! I will call you a moron till you do.. You are RETARDED! “its systematic use to avoid radical loss in its purchasing power.”.. DO you know what systematic means or are you FUCKING RETARDED? When we grow too much we spend too much money and it creates inflation, or the loss of purchasing power. We can stunt growth by raising interest rates. Thats how the SYSTEM works. Your tiny little brain can’t put 1 and 1 together.
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You are a liar and your arrogance is astounding. You said “u see this.. our country is getting poorer. They can’t even create enough money”. You can’t run from your own words. Your implication is that we wouldn’t become poorer if we could just print money. Either that or you just have a terrible way with words. Also, there is no systematic way to print and use fiat currency to avoid a loss in purchasing power. Perhaps there is some trickery that so it can work in the short term, but in the long run it’s a disaster.
Also, the point of a debate is not to prove anything to the other person. It is a very rare thing to change another person’s mind on the spot. Rather the point is to see what the audience thinks. Granted, this forum is biased against you and your economic nonsense but just take a look around. Read the replys to your posts. Do you think anyone here will ever come around to your way of viewing these matters? I very much doubt it. Especially when you consider most people here probably once held views similar to yours.
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you obviously cannot read. It says “to avoid RADICAL loss.” do i have to spell out every word for you?.. My implication is that we would become poorer if we couldn’t print money. You wrote the exact opposite of what i said.. I dont even know exactly what you think i’m saying is wrong. Most of this is basic common knowledge.. I remember you gave me a list of like 10 things you thought i was saying incorrect and then i proved you wrong with definitions and quotes from the encyclopdedia.. You should make that list one more time. Please tell me what you think I say is incorrect, or do i have to go back and repost all that information i proved to be correct.. I guess you don’t understand the concept of a debate.. haha, you don’t just say “wrong” “wrong” “wrong” with no insight for yourself.. Say something intelligent or say nothing at all.
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I mean seriously, you sit here and argue against webster dictionary.. This is pointless, i can’t debate with someone who says that the dictionary isn’t correct.
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Sean tis tis, did say Woodrow Wilson help create the fed to promote and stabilize free trade. see that only makes sense in your mind because he then said and to quote him.
“A great industrial nation is controlled by it’s system of credit. Our system of credit is concentrated in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated governments in the world– no longer a government of free opinion, no longer a government by conviction and vote of the majority, but a government by the opinion and duress of small groups of dominant men.” — President Woodrow Wilson
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tis tis, learn your history.
http://en.wikipedia.org/wiki/The_New_Freedom
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For sean, it’s a Wiki World.
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Oh, but that was a good link at wikipedia. So let’ see what we can learn from it.
So what we have here is a repeat of history.
Not unlike presidents of recent past and present.
Wilson was running against the former president, Theodore Roosevelt and his ideas of Nationalism. The American people obviously didn’t want Roosevelt’s ideas of Nationalism (just as we don’t want it today!) and wanted Free Trade (just as we want it today!) so they voted Wilson in as president. Once Wilson became president, though, he abandoned the ideas of “New Freedom” and adopted policies similar to Roosevelt’s Nationalism. Sound familiar? Did Americans get the change that he told American’s they would get? No. Because behind the scenes was the FED, elite bankers (same as today).
Woodrow Wilson wanted to become president. In exchange for votes from the elite bankers (the FED) he had a bill pushed through congress on Christmas vacation, when congressmen and women would not be present to vote against it and instituted the FED. Shortly after, the IRS was also instituted (the money collectors for the FED).
So, to get into office as president, Wilson made a couple of promises. One to the FED, elite bankers in exchange for presidential votes and another to Americans who wanted Free Trade over Nationalism. But what did he actually do???
This should all sounds very familiar to all Americans. The game played on Americans and tactic to get the votes for presidency is the same. Obama promised change to what the people wanted and a hope for something different than the previous years under Bush I and II and even before that. Instead what we Americans got was more of the same, just a continuation of the plans towards the NWO and a dictatorship, dishonesty and disregard for the Constitution, we experienced during Bush era. A working towards Nationalizing everything. The reason back then is the same reason as today…..the power and control of the elite bankers who run our country and take away our freedom. They control the ability or inability of Americans to prosper and provide for themselves (and instead steel our money from us so they live the prosperous lives we deserve from the work of our own hands), to have a government that serves us, which is very different than a government that controls, steels from us and dictates to us.
End the FED and it’s control over our government. The Declaration says “We the People” not We the FED!!
There was a time in America before the FED and the IRS. There can and will be that time again.
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“The People have begun to speak, the People are listening, the People are angry and ready to act!” -Lee Jordan Morales
Let the Revolution Begin!
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the name of this website is ronpaul.com not Sean.com. Ron’s message of liberty has brought us together from all corners of the US to defend freedom. Ron is very consistent were as you don’t know what to defend or support. and if you think that we are not aware of our enemy’s and the methods they are using to enslave us your mistaken. some of us like Cheryl, has done extensive research. and even if we don’t agree about every single detail we know what institutions must go. the fed IRS and all the other alphabet agency’s that have spawned since 1913. all seem in one way or another trying to argue under or around the constitution. you need to pardon my french get your shit straight Sean. either your going to defend the constitution or not. its really that simple. read it no interpretation required and uphold it. you boast of how enlightened you are than fulfilling your pledge to the flag shouldn’t be that difficult. like Galactis said we are free men and woman here so get your shit straight or give it up.
some of us meet here to discuss strategies on changing the status quo your just a pest. the proverbial fly on the wall.
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Haha, i would love to hear your strategies. please share with everyone what you intend to do besides sitting on your ass eating chips.
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why can’t you prove one thing i say to be incorrect? i’ve heard people call me wrong a hundred times but nobody can put forth the effort to prove me wrong. It just lowers yourself to write these long hate filled comments. What kind of person are you? I’m not telling you to stop listening to ron paul, and i pretty much agree with him on everything. We have the same philosophies but i think i look deeper into the truth.
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i correct myself. the ladies have been putting forth great efforts and inputs. They have more in them than you.
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Prove to me that I’m not the reincarnation of Alexander the Great. I’ll be waiting.
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Reincarnation is a belief.. Are you saying money is a belief?.. haha
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sean….
not you again go that way.
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The big difference between Sean with his Fed Res facists and Ron Paul is; Ron Paul will never censor anyone’s opinion in the true tradition of his philosophy of liberty,whereas the Fed have been everything but true,honest and fair.The more Sean enuniciates his flawed,perverted logic,the happier is Ron.
Feed us some more bullshit Sean,since I’m sure your supporters are paying you well for this dis-information
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what part do you think was bullshit?
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oh and Sean and i say this with all honesty and fairness. i really don’t like you. and i definitely don’t like your way of thinking. lucky for you that were not having these conversations in person. im a principle based man meaning a truth must apply universally with me. and i have a principle for traitors like you. i don’t think you’d like it very much. but i can assure you this enemy of my enemy is my friend. but friend/advocate of my enemy is….. do i really need to finish this sentence i guess not
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I don’t care if you dont like me or what i have to say. You obviously dont know anything about money, government, or motives. Please tell me what i said was wrong.
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Sean you manage to show up at random trying to dis inform as many people as possible about the feds, constitution, etc. Ive been reading comments here for quiet sometime and i find that your position no matter what the evidence is to contradict it always remains the same. i have yet to see you and i quote, give credit where credit is do. in light of your obvious position on the facts as a rigid minded opponent of civil rights and such. it leads me to conclude that your not an unbiased party and have vested interest in trying to convince as many people as possible of your clearly misleading “facts”. i find your tactics tasteless and your attempts to mislead people here as pointless. here we have made up our mind that our institution of government is corrupt. on that topic there is no more debate or lawyery that you can use Sean to convince people otherwise. and you can go back to whoever sent you and tell them that there are free man and woman here. not slaves, neither physically and definitely not mentally.
so go from us in peace “Sean”, and let posterity forget that you were our country men.
Samuel Adams, take a hint and a hike.
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haha. How are you going to find peace if you dont know what is or the motive for what is holding you captive?
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Sean fuck off okay. i said leave from us in peace. meaning take that shit your spewing here in piece or a state of tranquility, and your person and be gone. we the people have spoken. we have had enough with the fed and all who advocate for their most important role in our society. enough is enough. don’t you get it or are you just playing dumb. we don’t need your guidance we have chose our representative. and obviously his name is Ron Paul comprenday.
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you need some serious guidance that neither ron paul or i can help with. Go see a shrink
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You and Ron Paul are completely at odds in all things economic.
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please explain.
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I believe in sound money, i just understand the cost in free trade.
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Now was is a bit harsh.Sean is the resident troll and village idiot who has the right to make a fool of himself.How can Sean reach self actualisation with everyone abusing him? Troll us over in the clover troll us over lay down your lies and do it again!
You are not trying hard enough Sean.Rattle those keys and addle your brain.
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haha, your “revolution” is not going to happen. keep wishing. your living in a bubble
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Talking about bubbles Sean ,you are the personification of intellectual flatulance.Your aim is cyber clutter.Fill up sites with meaningless babble.
The revolution is happening Sean and the proof is 179 co-sponsors of HR 1207.The current number of voting representives is 435.This means that 41% of Congress supports Ron’s bill.
You see Sean,as it gains more momentum,it will be unstoppable since truth like cream always rises to the surface.
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SEAN is a NWO Government NAZI
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Debunking federal reserve conspiracy theories
http://www.geocities.com/CapitolHill/Embassy/1154/flaherty.html
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The point is we have oil in the USA, and plenty of it. If we would just use what we have for our own people it would help. How much do you think the people pay for gasoline in Saudi $60rybl’s , however much that is or Venezula ,12 cents a gallon. That is how our country could help us, give their people a cheaper price. The problem is we are the biggest consumer. If they could sell as much to Brazil or EU or Africa or India or China as we consume, then they wouldn’t charge us so much. I just thought of something. Do you think that is why the Car industry went overseas, was so if other countries bought cars then they would need more oil and we could make more money, the more people drive cars that run on gasoline! Oil is used to make alot of plastics and medicines and medical equipment, car bumpers, all kinds of things, so we need oil and always will. I wish they would get going tho on air compressed engines and hydrogen and natural gas and electric cars ……yah sure don’t hear much about any advancement in that area……promises promises…….no health care yet either…..our government got their raise and their office back during the election so I guess they are slaking off on moving on the issues……….
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Car industries went overseas because other countries are developing just like we did but 100 years behind.. We could make tons of money if we had oil. We used to be the largest exporter of oil in the world. thats when our country was at its prime in wealth. Ever since the sixties we’ve had a decline in oil production so we’ve had a decline in wealth. We then had to set policies to try to maintain a balanced supply of money (fiat), then we had to set policies to maintain the price of foreign oil (monetary policies due to core inflation).. Now we have to set policies to rid us of our addiction to foreign oil.
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Sean, who are you anyway? I know all that but you are not understanding the picture. You are obviously a believer of the propaganda that they have fed you. The Truth is being revealed right now and their Devil lies are being blown apart. This is not a time to try to reiterate all their lies, we are beyond that….apparently, you aren’t. Do you know your on a a site where this congressman Ron Paul is trying to at least start with transparency in the Federal Reserve, concerning “Where did the Money Go?” You must be very young and haven’t lived through as many years of this crap as we have…..we want to expose them as much as we can now, or your life and my life will be had, and you have no idea how bad it will get before Obama gets out of office. And I”m not blaming him….but you don’t know Who’s puppet stings he is attached to..any president that has ever been assinated in this country was assinated by the Elitest’s when the President’s at that time tried to get the banks back to the people and our money out of the control of the Federal Reserve. I do not want Obama hurt, I want us the people and the congress to fight the system. What is occuring right now is Tyranny and a Coup de Tat and it must be stopped. All your doing is giving back to us the lies and we are way beyond that now….so Grow up !
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obama’s plan will cut the deficit in half.
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Tell me what you want to do.. you want to break up the federal reserve and let whom take the responsibilities? would you rather banks take their responsibilities for the interest of big businesses, or would you rather let the government take over the power and nationalize the banks?
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Sure it will. Just like the Iraq war will be over in 6 months and will pay for itself through oil revenues. Or just like the Fed will keep prices stable and mitigate the business cycle. Promises from government are not to be taken for granted.
How about let the market function? There is such a thing as free market discipline.
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You can call for bank anarchy all you want. Whenever you take one out of power, you put one in. That is what history shows us over and over. Large banks will become dominate and set monetary policies in favor for big business instead of the people. WIiiise idea
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haha and who’s lies are you talking about??! Do you think i got this information from the government or federal reserve? I got most of this information from charts and reading old news stories and studying economics for years.. Please tell me which part you think is a lie.
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Too bad you’ve been studying all the wrong economics. You apparently have a strange mishmash of Keynesianism, Mercantalism, and monetarism working in that head of yours.
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prove me wrong.
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Its called “american school of economics.” I guess you support “free trade,” which was woodrow wilsons plan when setting up the federal reserve. Its called “The New Freedom” policies.
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well california now has electric stations and are now building batteries for new electric cars that are comming out.. Air doesn’t burn so it wouldn’t work. hydrogen is explosive and dangerous, same as natural gas.
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Again Sean your misinformed or ignorant. Every other country is already manufacturing alternative energy cars….but the USA. Please inform yourself and go to this website and read the latest action being taken on Air compressed cars and Electric cars and hydrogen cars and natural gas cars……
Of course, air doesn’t burn, it’s not run like that, its compressed air engine. ……study before you speak…….
If your college and this is what they are teaching you, then you are not aware that they are trying to dumb yah down for God’s sake……don’t waste your time and paying big bucks cuz there ain’t going to be any jobs with all the junk they are telling you.
This is an age of new inventions and entrepreuerships..we are not living in the horse and buggy days…..the electric car was first made in my hometown in Michigan in 1913!
Ford took over the gas guzzlers and put the Hubb mobile out of business. that car ran for 100 miles before it needed recharging. And I”m sure if the batteries used were nothing like what the technology has now…
http://freeenergynews.com/Directory/CompressedAir/index.html
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we didn’t have an electric grid that would support electric cars. Your talking about replacing oil with coal. Obama is setting up renewable energy so we wont have to replace one fossil fuel with the other.
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I think its messed up how they have been holding back technologies from us.. But that has nothing to do with bankers.
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Why in the world are you bringing up bankers? They are completely irrelevant for what you and Jan are debating. You two seem to be concerning yourselves with GOVERNMENT “holding back technologies from us”. You have a tendency to conjure red herrings without even realizing it.
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why do you always stick your nose in places it does not belong?
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China is polluting this country every day and won’t stop.
We can go green all we want to and it won’t help us a bit until China stops building a new coal factory every week.
And that fact Sean is right from the experts and congress.
If saw them building factories or converting factories in Michigan for electric cars and Solar panels, I say great some change is happening…Nada.
Detroit used to be population of 2.2 million, you want to know how many people are there now? 900 thousand!
And it has the largest population of Arabs in the USA.
400 people moved out of year a month starting 5 years ago.
And more everyday are being laid off. Do you know anyone who lives here? How’d you like to pay our heat bills for six months in the winter.
Yah know what congress has given in the stimulus package for upper Northern Michigan..our Record Eagle posted what that money will be used for last week…….
11.2 million for a new Airport Controller’s tower. Cherry Capital Airport was just built @4 years ago, NW Airlines stopped flying in here…no ones buying any tickets, and you can’t tell me they need a new one already.
millions more for a new ski resort in Leelanau county.
2 more million for a new board walk so when the rich park their yachts on the canal and to go eat at a ritzey restruant they will have a nicer board walk to walk on.
I can’t afford to eat there I”ll tell yah that and if you will look at the list its all projects for the rich…..we need roads repaired and salt for the snow and ice we get up here, and our potholes filled etc.
This is BSSSSSSSSSSS
nothing for the working class…….nada…..
Our government is a joke, and they are laughing all the way to Benacke’s Federal Reserve Bank.
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You can thank your congressman for that. It was up to him to spend that money.. China would probably follow in our footsteps and may even buy the technology from us..
Florida is building the first fully solar powered city. Its supposed to be finished by 2011. Others will follow, it begins.
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Why do you even post on this site? Not a single person here agrees with your “american” (read: Keynesian/mercantalist/monetarist) economics.
Tell us why you post here and I won’t intrude on any of your further convos. Of course, i reserve the right to respond to any economic nonsense you happen to post.
Since you passed out “The Revolution” to friends and family, will you be doing the same for “End the Fed”?
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i’m here because i want people to get the facts straight. You cant rebel against something you have no idea how it works or why it works. Your criticizing American school of economics, but thats how we were before we started the fed.. If your going to sit here and argue with me, i’m going to prove you wrong, or i’ll let you prove me wrong and accept it.. Half the people here read one or two comments i say and think i’m for the federal reserve and against liberty. Thats totally wrong. I understand how the system works so i’m not pointing fingers at anything i don’t understand. Ron paul has never said that he believes in all these conspiracy theories, but he is against central banks. I’m also against central banks, but I understand the reason they were created and how they hold the system together from crashing. Because i know this, which isn’t hard to understand, I know what has to be done to get rid of the fed… I could sit here with my finger up my butt yelling “end the fed,” or i could educate myself and spread the word. Ya’ll aren’t the only people i talk to, but ya’ll are the only stubborn people who dont get it.
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What if i thought they actually killed babies for stem cell research and i protested against them? Wouldn’t it be correct for me to understand how it works before I protest, and then once i figured out that they use fetuses, i can make a better judgment based on that assumption? Because all of you are saying that the federal reserve kills babies, but you have no clue whats really going on.
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You seem to think that you’re the only one here who went to college, studied economics, talked to professors, etc. You also show no understanding of nuance. Do you seriously think that anyone who says “End the Fed” wants to see it done overnight? First of all, that is impossible. Secondly, everyone here knows such action would be impractical. You say you know the steps that need to be taken to end the fed. What are they? Obviously you don’t think the proposed audit is a good idea. You’ve already demonstrated you don’t support competing currencies and repealing legal tender laws which would greatly diminish the power of the Fed and give some back to the people. So what are these steps? I’m guessing you think it’s something to do with oil.
Also, we’re only “stubborn” because we can easily counter any nonsensical argument you make. You also seem to think that we don’t know how the current monetary system works. Your arrogance is disgusting.
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haha. you can easily counter any nonsensical arument i make??? you haven’t said one thing… later down you say that you cant prove or counter anything i say. YOU HAVE NO IDEA WHAT YOU ARE TALKING ABOUT.
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HAHA! OMG you are sooo stupid. legal tender laws don’t outlaw floating currencies.. Even if we got rid of legal tender laws, the dollar would still be the dominate currency and nobody would accept your monopoly money. THe reason why your saviors had to quit making silly money, is because nobody would accept it and they called the cops on them.
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Its going to take a while to see results, they can’t move any faster without being socialistic.
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What do you call funneling all of the taxpayers money into the Federal Banks and now Federal Corporations? A Dictatorship. What do you call it, when all money is given to government then they put everyone on welfare from government funds? Communism.
What do you call it when a government, takes all tax money and the people have no more jobs and and can’t earn anymore money for anymore taxes…..Socialism/Slavery.
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You should inform yourself before you speak
http://www.autobloggreen.com/2009/03/20/president-obama-announces-2-4-billion-for-electric-vehicles/
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Show Me the Money and Show me the Factories, then Show me the Jobs! Words I do not believe anymore. Let’s see it happening…..What state is it going to, and what corporation is it going to??????????????????????????? AND WHEN!
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I saw the factory on tv.. Here are the jobs. …………………… right now. you just have to askkkk.
https://www.fbo.gov/index?cck=1&au=&ck=
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welfare is a work rehabilitation. you can only be on welfare for so long.. and you are wayyy off. communism is when government owns capital. a communist government owns all the businesses. A dictatorship is when the country is ruled by one leader, but this never truely exsists because every king has his round table, the correct term is oligarchy.
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And i believe its called social contracts when the governments take your money to pay for wars and healthcare.
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Are you talking about Corporate Welfare?
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I’m talking about work welfare, not disability.. Here are the rules..
Require most recipients to work within two years of receiving assistance,
Limit most assistance to five years total, and
Let states establish “family caps” to deny additional benefits to mothers for children born while the mothers are already on public assistance.
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