You can
NOT fight a problem until you really understand a problem.
From 1776
to 1911 the people were actually 'us'. We were truly free. Well,
that changed and we did not notice it in time!!
In 1911
we started hiring people to be our firemen, teachers, safety
and building inspectors and thousands of other PUBLIC SERVANTS.
In 1933
these PUBLIC SERVANTS went into business for themselves for THEIR
own benefit, in a word these PUBLIC SERVANTS discovered Capitalism.
They are NOW in business for themselves. Today 1 in 4 people
count on a weekly government check to survive.... So the next
time someone says the word "THEY" do them a favor and
correct them! "THEY" actually have a real face.
"THEY"
- "THEM" are called our PUBLIC SERVANTS, they just
got way
to powerful and we are THEIR SERVANTS NOW via taxation, regulations,
fees, licenses, permits etc.
When people
say "They work for us" it always gives me a jolly belly
laugh, they are absolutely clue-less as to what went wrong and
WHEN it all went wrong.
The enemy
is US and our all around us. A FULL economic collapse is not
only in the works but is very NECESSARY to purge them from the
system.
We desperately
need the RESET button pushed!!!! It will be a dangerous time
for all. A return to agriculture and a simpler way of life is
necessary. The age of the
Suburbs is slowly ending as fuel costs keep rising and they will
go higher as oil gets more scarce. People need to be on bigger
parcels of land so they can do simple
farming like growing potatoes and raising free range chickens
that live largely on bugs, worms and weeds which grow naturally
wherever you have water.
If every suburban yard were fenced-in then a family could live
and eat well just raising potatoes and chickens in the back and
front yard.
Potatoes and
chickens offer the most food per acre of land (calories). A 50'
by 100' back yard devoted exclusively to growing Potatoes and
keeping chickens could feed a family of 5 indefinitely. It is
not much but it is easily doable and knowledge that must be spread.
We believe
that a full financial collapse is a good idea while it will be
hardest for those who did not prepare for it.
The danger
with a collapse is that it can either free you OR propel a people
even deeper into Fascism.
Democracy
today only allows you to vote for Hitler #1 or Hitler #2 so Democracy
died when the republic died.
Look at
Obama, he backs and signs EVERY bill Bush did, carbon copy. Obama
got into office by complaining about
all those
un-constitutional "Bush bills". One thing that ALWAYS
amazes me is to watch the Democrats as they go 100% silent
when their
leaders follow the same Republican agenda. NOT A PEEP!! It's
FREAKING AMAZING just to watch!
We only
have one party and this is elegant proof. Public servants will
NEVER complain about their 'MEAL TICKET' guy.
And THAT
is the very root of the problem! Corruption is excepted in exchange
for a FREE MEAL TICKET or a JOB.
It all goes
according to plan.
People
tend to deserve the type of government they get.
I can only
guess what kind of plan 40,000,000 "almost out of work"
Government
employee's will hatch-up to keep THEIR paychecks coming in on
time.
The LARGEST
mafia in the USA = The GOVERNMENT EMPLOYEES UNIONS
Once you
figure out they do NOT work for you and that YOU are really working
for them you will figure it ALL out much faster.
Simple,,,,
The government workers discovered CAPITALISM in 1933, they sowed
the seeds of our downfall,,, Tick, tick, tock,,,, .
Now it is
just a matter of time, get ready, I figure we have about 35 years
still so by around
the year
2018 be ready for THE BIG CRUNCH, a divistating economic collapse
world wide.
ILAM 1984
HIGH
GOLD AND SIVLER PRICES EXPLAINED / IN-A-NUT-SHELL:
HIGH GOLD
PRICES. Why now? The reasons are simple and sound.
China and
Arabia want out of the dollar in a big way but WHY right now
at this moment?????
The US Government
is under MASSIVE pressure to meet ALL of its social financial
obligations.
The baby
boomer's are all but retired and they WANT their money and medicare.
The food
stamp and welfare recipients and ALL the others are demanding
their pay outs too.
America
is BROKE!!! We are not building any new factories or jobs, in
fact we are closing
them down
faster then they go up so WHY should we expect any recovery when
we are
still closing
down our manufacturing base??? Recovery is a "PIPE DREAM"
The government
solution is to cut the value and purchasing power of the dollar
WAY down in order
to meet
the social payments and allow soaring prices to soak up the slack
in the economy.
RESULT:
A much lower standard of living for ALL and this literally FORCES
the Chinese
and Arabian's
and other's OUT of the dollar OR THEY LOSE TOO. This makes Gold
prices soar.
In a nut
shell THAT is what's happening now. In the next 3 years expect
the dollar in your pocket
or savings
account to only buy half of the items it can buy now.
That's the
plan. Your government will pay off the debit by crippling your
standard of living.
It's a stealthy
and simple plan since your promised checks will keep coming and
they will
be written
for the same amount of money promised to you. Too bad it will
not buy much
in a future
with soaring prices.
THE
SMARTEST FINANCIAL GUY IN AMERICA
Peter
Schiff Was SO Right On The Money!
HE
PREDICTED THIS WAY BACK IN 2006! WOW!
Peter
Schiff is a prodigy! Listen to his future predictions very carefully!
It
is great to finally laugh back at all the idiots that were laughing
at Peter Schiff in 2006
Ben
Bernanke wants more power for the FED
which
is a private company FOR PROFIT
Ben
Bernanke Was Hiding The Truth All Along
World civilization
is based on oil. The world is running out of economically accessible
oil. The oil companies and governments are not telling the truth
about how close
we are to the end. Dick Cheney knew about peak oil back in 1999
when he spoke to the London Petroleum Institute as Halliburton
CEO. He predicted it would come in
2010. After that it's just a matter of years before it runs out.
Whoever controls the remaining, accessible oil determines who
lives and who dies.
Sixty percent
of this oil lies in fields within a triangular area of the Middle
East the size of Kansas. In that speech Cheney said: "The
Middle East with two thirds of the
world's oil and the lowest cost, is still where the prize ultimately
lies."
This small
Middle East triangle encompasses the oil fields of northeast of
Saudi Arabia, Iraq and the southwestern part of Iran, along with
Kuwait, Qatar and the
Emirates. The US controls Iraq. It has friendly governments in
the other states.
Iran is the
exception. The US now surrounds Iran.
Controlling
an area the size of Kansas shouldn't be a problem for the U.S.
military, except that it is heavily populated and many people
in the triangle don't want the
Americans there and are willing to fight.
It's been
known for at least thirty years that America needs alternative
energy sources. But instead of an alternative energy plan we got
the invasion of Iraq by oilmen
wedded to a dying business, willing to kill hundreds of thousands
to cling to the last drop. The US is never leaving the region
or withdrawing from Iraq. McCain is right
about staying, but 100 years is too long. The oil won't last that
long.
Iran is next.
Lieberman set up Petraeus to testify last week that Iranian-backed
groups are murdering hundreds of American servicemen in Iraq.
On Friday Gates called
Iran's influence in Iraq "malign" and Bush said if Iran
keeps meddling in Iraq "then we'll deal with them."
They are building their case for war with resolutions in the
Senate and at the UN. It's only western Iran, from the Iraq border
to 150 miles inside the country that the U.S. will have to occupy.
That's where Iran's oil is. But the U.S.
will have a nasty battle on their hands in Iran even if they restore
a Shah-like puppet in Tehran 30 years after the revolution.
The Saudis
would not mind seeing the Iranian regime go. But the Saudis may
also be on the list. The US may have to destabilize and control
Saudi Arabia some day too.
The Wall Street Journal a few years ago revealed that in the 1970s
under Nixon, Kissinger had plans drawn up for the US invasion
and occupation of the Saudi oil
fields. Those plans can be dusted off.
The American
oil wars are being launched out of weakness, not strength. The
American economy is teetering and without control of the remaining
oil it will collapse.
There will be massive chaos in any case, when only enough oil
remains for the American elite and whomever they choose to share
it with.
That will
leave an oil-starved China and India, both with nuclear weapons,
with no alternative but to bow to America or go to war.
It's not about
greed any more. It's about survival. Because the leadership of
this country was initially too greedy to switch from oil to solar,
wind, geothermal and other
renewable alternatives, it may now be too late. Had the hundreds
of billions of dollars poured into the invasion and occupation
of Iraq been put into alternative energy the
world might have had a fighting chance. Now that is far from certain.
What is certain
is that these wars are not about democracy. They are not about
WMD. The coming one will not even be about Iran's nuclear weapons
project. It's about
the oil! One more time for those who still do not get it, IT IS
ALL ABOUT THE OIL!!
IT WOULD
NOT MATTER TO ANY DEMOCRAT AND THE REPUBLICANS
HAVE
LITTLE OR NO POWER...JUST VOTE EM OUT AS SOON AS POSSIBLE
Should be
read and understood by all Americans, Democrats, Republicans,
EVERYONE!!
To President Obama and all 535 voting members of the Legislature,
It is now
official you are ALL corrupt morons:
The U.S.
Post Service was established in 1775. You have had 234 years
to get it right and it is broke.
Social Security was established in 1935. You have had 74 years
to get it right and it is broke.
Fannie Mae was established in 1938. You have had 71 years to
get it right and it is broke.
War on Poverty started in 1964. You have had 45 years to get
it right; $1 trillion of our money is confiscated each year and
transferred to "the poor" and they only want more.
Medicare and Medicaid were established in 1965. You have had
44 years to get it right and they are broke.
Freddie Mac was established in 1970. You have had 39 years to
get it right and it is broke.
The Department of Energy was created in 1977 to lessen our dependence
on foreign oil. It has ballooned to 16,000 employees with
a budget of $24 billion a year and we import more oil than ever
before. You had 32 years to get it right and it is an abysmal
failure.
You have
FAILED in every "government service" you have shoved
down our throats while overspending our tax dollars.
AND NOW
YOU WANT AMERICANS TO BELIEVE YOU CAN BE TRUSTED WITH A GOVERNMENT-RUN
HEALTH CARE SYSTEM??
Folks, keep
this circulating. It is very well stated.
Maybe it
will end up in the e-mails of some of our "duly elected
officials" in Washington!!
"Imagine
for a moment, two giant Elephants fighting for power. One Elephant
is the Fascist New World Order and the other Elephant is Communism.
We The People are but the ants in the dirt below being trampled
to death as these two giant forces fight for final global domination.
Two giant
Elephants, one Fascist and one Communist and helpless Ants (WE
THE PEOPLE) getting trampled into the earth below, down in the
dirt beneath their giant Elephant feet, we do all the suffering.
Socialists are still not smart enough to recognize the Right-Wing
fascists when they comes marching in, they always think it is
coming for the Left."
"To
fight both Left and Right Wing extremism is a very TOUGH battle
and only worthy leaders can illustrate how delicate this balance
of power is, not left, not right but purely Constitutional.
Accusing
billionaire elitists of being "Communist" will not
help educate anyone and is a bit confusing since Communists KILL
billionaire elitists and redistribute their wealth. Communist's
are the poorest of people!
The leaders
that make up the New World Order are ULTRA right-wing and they
only use Socialism to gain power and confuse people just like
Hitler did. The basic rule to remember is that ANY socialism
that does not come directly from a Communist source is always
a Fascist source of socialism
Please do
not be alarmed, we are still the same happy go lucky people we
where 50 years ago even though our police have well,,, have changed
tiny bit over the years. Trust us, the United States of America
is still the same old happy go lucky place it was 50 years ago
and our citizens are under full control as you can see from the
new military look of our cops.
Problems
with pesky protesting citizens that have lost their pension funds
in all of the banking debacles are quickly put down and controlled
these days.
The United
States of America has never been safer place and we will continue
to make it even safer in the future no matter how hard we have
to push the US citizens.
The anger
in the streets will cause the folks still caught up in the left
right paradigm to shout louder for their candidates. This group
will wave their pre-printed "talking point" signs more
wildly and hyperventilate. These totally imprisoned minds will
begin shouting more loudly and enthusiastically as they demand
the "change" they have been programmed to want! They
will believe that this will change things despite the only difference
between the parties is a paint job and the buzzwords used. Only
the order of their agenda is slightly different. The reality is
they are about 98% IDENTICAL and owned by the same handelers!
The minor differences are magnified to keep YOU trapped in a carefully
crafted system propped against itself! As long as you are all
worked up about next to nothing, you will NOT notice the real
game. Get over it and open your eyes! The average citizen will
be unable to step outside their programmed conditioning to see
this. This theater is designed by the best programmers in psychological
warfare on the planet to keep you stupid and ignorant of the real
facts. Because of the depth of this conditioning very few of you
will see this. It is not your fault. It takes a lot of de-programming
to smell the B.S.
We said that
the market and economy would be crashed to have an excuse to bring
in the NEW world government . Phrases like " Banking Multilateralism,
Global Economy, Global Solutions, New World Order, Etc. ad Nausea"
are being bandied about publicly . Well ahh, um, no matter what
fancy words you use to hide the facts, it means the same thing.
They are on the plan we have been pointing to for a long time.
Here it comes. The Control Freaks will own and control all. In
reality they already do but this will make phases two and tree
a lot easier to implement. Once again Freddy Hegel has it right.
Create a crisis. Shout about it day and night until the primates
demand a solution. Then provide them with the solution that was
your goal in the first place. (synthesis stage.)
educating
you about the U.S.A.'s most evil institution
THE
FEDERAL RESERVE BANK
JOB
ONE for every American citizen is to end the Federal Reserve
Banking System! Forget partisan politics, we all need to band
together and force Congress to insist that ONLY the U.S. Treasury
will be the only entity printing all monies once again. INTEREST
FREE and DEBIT FREE money!! JFK knew the importance of this and
signed legislation to insure that the U.S. Treasury issued silver
certificates just before he was murdered! National Debit is the
greatest FRAUD ever perpetrated on the American people!! The
U.S. Treasury has the right to print money WITHOUT any DEBIT!
Our government is corrupt if not absolutely insane! We should
ALL be screaming at the rape of our declining standard of living
that inflation causes - LINK HERE NOW
The
National Debit is a LIE! A printing press can not create a debit!
This money comes out of thin air and we do not borrow it from
any other counties. The national debit is as phony as the printers
inventing it, inflating it and devaluing your money daily. Your
lowered standard of living is perhaps the greatest unseen thief
since you cannot account for something that you have never gained
and never owned yet, the great unseen theft by the FED is the
higher standard of living your family was denied by their inflationary
theft!
If the US
Treasury printed all money we would all have a much higher standard
of living once again.
If the US
Treasury printed all money we would NOT have a national debit
either! The National Debit is a LIE!
Call
or write your US representative and tell them YOU WANT to see
'US Treasury' printed and marked on all money in circulation
once again. The dirty little secret is that Congress already
knows this would be money FREE from any and all National Debit!
If
it says FEDERAL RESERVE NOTE its not money, its just DEBIT NOTE.
Lets
make sure ONLY the US Treasury prints all money once again.
"Military
Men Are Just Dumb,
Stupid, Animals To Be Used
As Pawns In Foreign Policy"
- Henry Kissinger, 1973
In order
for a soldier to literary DIE for YOUR freedom do YOU not need
to be 'Un-Free' first or at least have the treat of being made
'Un-Free'? How can the Iraqi's take away our FREEDOM? If U.S.
soldiers do not die for our freedom then do they die simply for
the corporate profit's of the privileged few? You cannot kill
300,000 Iraqi's and claim that our U.S. fighting men and woman
die in the name of "Freedom", its absolutely absurd!!!
The people
of Iraq and their bastard leader did not plan 9/11 and that is
a fact. There is no doubt that Saddum
was a bastard
leader but the world is full of bastard leaders. Is America now
in the bastard extermination business?
For if we
are, we will be at warring and exterminating the worlds bastards
for the next millennium.
Conclusion
- U.S. troops no longer die defending American Freedom!
Killing
Iraqi's can't make you free since the Iraqi's did not threaten
your freedom in the first place.
The greatest
threat to your freedom is the Federal Reserve Bank and its phony
national debit machine!!!
A printing
press DOES NOT generate a debit!! If the money is printed of
out thin air and no Gold is
borrowed
to back it from a foreign source then the debit is just another
lie in the dark.
Allow ONLY
the U.S. Treasury print all money once again! Debit free!
The weak,
stupid, corrupt and lazy riding on the backs of the strong, smart,
honest and hard working.
Multicapitalism:
Giving
everyone the OPPORTUNITY to prosper equally.
Multicapitalism
The Freedom And Opportunity Society
Multicapitalism
must be one of the most original financial philosophies ever
conceived. Just imagine a society where the government insures
that every citizen will become a successful capitalist and land
owner without excessive taxation or loss of privacy or freedom.
The left and right and the Liberal's and Conservative's may finally
have reached common ground.
The RICH
LIBERALS run the news paper and they are the FALSE fiends of
the poor and working man,,,, and the game plan is working GOOD!
These people
are RICH LIBERALS,,,, not POOR liberals like the Communists where.
This is new
kind of political machine and in 100 years from now the historians
will
probably
have a new word to describe what is happening to us now.
The media
is the propaganda machine of the FALSE LEFT WING front of the
super rich.
Its the old
game of playing the role of the common peoples hero while secretly
being the oppressor!!!!!
"We
are going to raise minimum wage while devaluing the dollar"
Result = Hero!
But everyone's standard of living remains unchanged because every
false gift is neutralized with inflation theft.
Most Americans
just need to hit rock bottom before the lights go on, so I fear
most.
Do you understand
the massive scope of this political twist in politics that the
American masses have fell for hook, line and sinker?
RICH LIBERALS,,,,
Think about it and only then will you begin to understand way
they all want higher taxes for the rich (middle class),, The
foxes and guarding the hen house.
SO how do
we stop them????? Simple,,,, WE De-fund the machine.
Call for
the END of the Federal Reserve bank!!! A PRIVATE
bank incorporated
in Delaware and NOT part of our government!
Congress
has the authority but will need MUCH encouragement from voters!!!!!!!
Our government
can print its own money without paying high interest
rates to
a PRIVATE bank, are we blind, stupid or just complacent? We are
being ripped off!!!!!!!!!
Remember,
We like Republicans, Just not bad Republicans! Unlike Democrats
who defend every action of their leaders we dare to get rid of
all the BAD republicans so good republicans may be elected in
their place.A must hear!
John
Kerry and his people do NOT really believe in the confiscatory
redistribution of wealth,,,, it's just a front. They are the
wealthy!!! Always making laws to confiscate the money of the
middle and working classes to fund the votes of the poor masses,
that's their goal and it's be working for 80 years.
This conspiracy
started in 1872 in England when the British royalty funded the
Democratic Socialist party as a secret front to stop communism
thus ending any REAL confiscatory redistribution of wealth. Western
socialism is run by the rich and the elite. It is a VERY twisted
plot as you will find!!!!!!! Their game is to tax the MIDDLE/WORKING
classes and give THAT money to the poor thereby defusing any
rebellion. The middle and working classes are already rebelling
and pushing us back into a time when the industrial revolution
had us all enslaved. We need to be smarter than that !!!! We
need a new type of politics,,, not one based on Communism or
any false socialism endorsed by the masses and run by the wealthy.
When multimillionaire democratic's call out for higher taxes
for social programs and fat-cat democrats like Rockyfeller worth
$6,000,0000,000.00 back them it means only one thing! It should
send you only one message!
"WORKING
PEOPLE TAKE CARE OF YOUR POOR,,
THE SUPER
RICH ARE NOT GOING TO GIVE THEIR MONEY AWAY"
And the
SUPER rich democratic Rockefeller's of the world safely put their
money into their foreign corporations where it can be LEGALLY
swindled away TAX FREE. Most American's are dummies and can't
see past their minor daily pleasures and comfort's and THEN vote
their "greed" at the end of the day. (A people usually
get the government they deserve)
If you had
a foreign corporation in Germany or Japan (forget about the Caribbean,
it's for amateurs) You would never had to pay a dime in taxes!!!!!!
When foreign corporations make a profit in this country THEN
by year-end they transfer it into their shell corporations and
call it a LOSS. They then use yet another corporation over seas
and spend it over here in this country as a foreign entity in
the name of "INVESTING IN AMERICA", what a bunch of
crap AND it's perfectly legal.
THE RICH
MADE THE TAX LAWS IN THEIR FAVOR!!! They are also the leading
voice for western socialism the GREATEST lie!!! The greatest
of all trickery!
Having the
super wealthy in charge of taxation and the redistribution of
wealth is a fools game,, can you see the game plan now?
Until the
time Multicapitalist government can be established we shall rebel!
We shall not play within the boundaries of the established system!
We shall be Anarchists that obey only the common law and our
personal responsibilities! We will not take the life, liberty
or property of any individual but to all other oppressive codes
and socialist laws shall be Anarchists! We shall resist! We shall
be our own leaders. For we know the fastest way to make change
is to live our lives in the way we believe TODAY! Like in all
war there will be arrests and loss of freedom but to obey is
only a sure path to progressive slavery. And when in court we
shall protest vigilantly, loudly and passionately, may we never
make the mistakes of bearing our plight and pain in silence.
The system is corrupt so using the ways of the system is a waste
of time unless you plan to infiltrate it like many of us have.
The day you decide to walk the path of your dreams you effect
change in the most profound and powerful ways imaginable! The
battle begins. Live as you will NOW and our numbers shall grow!
Ilam
The AFC
is 100% for Social Security!Why?
Many old people can't work!
Fact:
We
will all get old someday and will not be able to work as our
bodies gradually give out.
Getting
old has nothing to do with laziness or finding some trick to
swindle tax payers out of their hard earned dollars with uncle
Sam's help.
We do however
believe that the hand of government with the blessings of its
self serving constituency has dipped far to deeply into a fund
that was ONLY designed to keep old people out of the "Poor
House".
Now-a-days
millions of people under the age of 65 are raping the fund that
clearly belongs to retired people only.
When the
powers of private money and public money are at odds with each
other there is balance and harmony. Balance is when the powers
of a free market economy and private moneys are equally matched
against the powers of social government and public moneys.
A monumental
conspiracy is when the corporate right wing and the social government
left wing form a silent alliance as we have today (The 'New
Order' of the world). When the forces that are normally at odds with
each other form a silent partnership we all suffer. Don't you
ever wonder why pay rises and inflation always come at the same
time? The worker never gets ahead of the game while the government
gets its high taxes and the corporation gets its cheap labor.
Ilam
"Left-wing
extremists are created only when they become forced to live a
strongly right-wing society and by the same token a right-wing
extremist is made when forced to exist in a strongly left-wing
society. We can than safely deduct that the best way to stop
extremists is to have a society where separate democratic republics
allow for polictical escape from forced left or right wing central
governments."
Ilam
"Socialism
becomes financial fascism when a people are forced to participate
financially by the threats and powers of police punishments.
That's why joining into the order of federal socialism and taxation
should be a free choice providing true freedom"
Ilam
"Money
is not the root of all evil, excessive greed is the root of all
evil"
Ilam
Communism
is nothing more than a form of monopolistic Capitalism of a different
extreme with the word public property replacing the words private
property. It's a crying shame that a hard working people oppressed
by evil imperialist kings found communism at the other end of
their chains instead of freedom.
"As
the proletariat chief addressed the people in the crowded square
he ranted about the evils of capitalism, their decadence and
the exploitation of the laboring classes by PRIVATE PROPERTY
owners like Donald Trump. He explained that in communist
society there could be no exploitation or unfairness because
of the simple fact "NO ONE, NOT EVEN HE COULD OWN PRIVATE
PROPERTY" and that "ALL PROPERTY WAS GOVERNMENT OWNED
ONLY!" So you see, the accumulation of wealth is impossible
in this perfect society of fairness and equality!!!!!
At this
point the people cheered and knew they where free of exploitation
forever. They smiled with fondness in their hearts as the proletariat
chief exited the podium. He then waved to the crowd as he climbed
into his PUBLICLY owned limousine and drove off with his
PUBLICLY paid for driver. As the large black gate opened, his
PUBLICLY owned 40 bed room government mansion was revealed. As
the butler opened the door for him his PUBLICLY paid for servants
awaited their orders. They quickly prepared his steak and lobster
dinner because he needed to get to the airport quickly as his
PUBLICLY owned jet awaited his arrival. It appears he was late
for a family vacation at his PUBLICLY owned government vacation
resort home in the south. "
Ilam
"No
government knows any limits to its power except the endurance
of the people."
Lysander
Spooner
Chief Justice
Marshall said in the McCulloch v. Maryland case:
"The
power to tax involves the power to destroy;
"the
power to destroy may defeat and render useless the power to create".
American
Freedom Committee We are dedicated to educating grass roots
leaders and organizations about the evils of the unchecked power
of both communist politics and predatory type (monopolistic)
capitalist philosophy. We believe in "Free Capitalism"
and reject monopolistic capitalism both public and private. We
believe in Multicapitalism with a Graduated Regulatory
System.
In free capitalism all are free to grow wealthy and not just
the few holding the reigns of regulatory power. We do not teach
with facts and figures but rather with philosophy. Philosophical
teachings are impossible to disprove, unlike facts and figures
that can be argued into exhaustion. A feeling cannot be proven
or disproven because it is based on intuition and emotion which
is a powerful way to teach millions at fast speed since a feeling
can be taught and conveyed 1000 times faster than facts. Liberals
have learned this secret a long time ago and have brought the
balance of power too far to the left. Now the right must use
the 'philosophies of feeling' to re-balance power to the center
but
not too far!
Multicapitalism
is basically a financially driven platform designed to offer
freedom and equal prosperity. We do not recommend getting involved
in moral legislation as this is a job for the people and not
the politicians. We believe that moral legislation (Drugs, sex,
abortion, criminal punishment etc, etc, etc.) does not belong
in the hands of any elected officials but rather in the hands
of citizenry by direct democratic vote (plebiscite) and then
separated by state lines. It is extremely important to
divide moral or societal legislation by a "republican form
of government" (Separate States) so any peoples in sharp
disagreement can choose an alternative state to move to and find
his or her freedom with others that agree as they do. Only in
this republican government system can all people be happy at
the same time while nationalist government assures that 50% of
the population will be very angry. All people must have the freedom
of choice to live as they feel while not imposing their choices
on others that feel differently.
We operate
only as a "Mole Party" that stealthily place's it's
self in the midst's of existing parties. We call ourselves "Moderate
Democrats" or "New Republicans" and we gain immediate
influence in this way because we have a strong belief that freedom
can't wait forever.
The "New
Republicans" believe in "Multi-Capitalism." What
is it???
The Freedom And
Opportunity Society
Where a
Liberal might say "It's not fair that Bill Gates has all
that money."
A Multi-capitalist
might say "It's not fair that we can't be part of the success
of a billion dollar software industry."
The Liberal
mind wants to supposedly punish the rich, the Multi-Capitalist
wants to be as successful as the rich by working and aims to
get there by creating the opportunity to get a piece of
the action by a system of 'graduated regulation' -- capitalist
opportunity for all!!! The creation of the ultimate society.
Freedom, opportunity, prosperity and happiness for all people
equally by working, but not working in vain.
In our philosophies
we teach that a balance of right-wing and left-wing power is
very beneficial to the happiness of the average citizens' way
of life. Only when we go too far to the left or to the right
are we all in danger of becoming public or private slaves.
If you are power hungry you will not like this page... however
if you believe in freedom and equal happiness through the philosophies
of 'Multi-Capitalism,' (capitalist prosperity and opportunity
for all people equally) you will love it!!!!
DON'T WAIT
FOR A MULTI-CAPITALIST LEADER TO COME TO YOUR TOWN. THIS IS A
NEW MOVEMENT AND YOU ARE RESPONSIBLE FOR PUSHING IT FORWARD.
YOU ARE THE NEW LEADERS.
FIND TRUTH
FOR A BETTER WAY OF LIFE, BECOME A TEACHER AND HELP OTHERS TO
UNDERSTAND THE PHILOSOPHIES OF MULTI-CAPITALISM.
An understanding
of human nature:
The ancient rivalism of communism and capitalism goes back as
far as written history and beyond. In fact, modern archeologists
have found repeated evidence that the poorer nomadic tribes of
ancient Europe repeatedly invaded the villages of the richer
settled tribes, since they had more food and material possessions.
Yes, class envy was an intricate part of human nature even as
far back as 20,000 years ago. Throughout the centuries, wise
men of the world found a unique way of countering class envy
by a concept called "charity." If you shared your food,
wealth and ultimately the technical skills to make your own food
and wealth you would befriend thine enemy. Peace and happiness
through shared Capitalism Continued
Is The Rebirth Of The
New World Roman Empire Upon Us?
What are
we doing to ourselves and where are we headed?
(Photo of
Roman Empire at peak 116 AD)
"and
when they are thirsty they will have cool fresh water and when
they are hungry they will have food and when they are cold and
wet they will have shelter and when they are sick they will be
healed and their children will be educated, fed and clothed.
And when they have worked hard they will be rested and allowed
leisure and be given dignity and when they they have given all
and can no longer work they will be cared for until they pass.
Only in this way can we secure their loyalty and avoid rebellion"
Julius
Caesar, (counsel of slave owners speech)
(Sounds
like socialism to me! Web Master)
"they
are a strong people so force will only strengthen them and unite
them. To take control of their territories we must first have
them join us thereby accepting Roman society and its freedom's
of pleasure. Once they have been seduced we must gradually disarm
them so not to alarm them and once disarmed only then can we
absorb their lands into the Roman order" Julius Caesar(Enter Liberalism, freedom of pleasures)
"slaves
may never be allowed the right of weaponry or property".
Julius Caesar
"Our
main agenda is to have all guns banned! We must use what ever
means possible. It doeset matter if you have to distort facts
or even lie. Our task of creating a Socialist America can only
succeed when those who would resist us have been totally disarmed"
Sarah
Brady
in a memo sent to Senator Howard Metzenbaum (D) January 1994
Since times
even before written history, human beings have struggled for
freedom against the stronger, the more powerful, the kings, the
tyrants, the dictators and even in modern times the social political
orders that would enslave them. Every so often we people get
it right and develop a political system with a set of rules that
ensures freedom as absolute as this delicate balance can be insured.
The old common laws were such a set of laws. America's founding
fathers wrote the U.S. Constitution using the ancient European
Common laws as a guide and we lived under common law as a new
country for the first 130 years in freedom. President Lincoln
used Common law as a basis for freeing the slaves and the Common
laws continued as this counties dominant laws until 1913, then
came the "SOCIALISTS". These new age social architects
rolled over the power of the Common laws with their social laws
and civil laws for the following 80 years. The socialists studied
the U.S. Constitution with a fine toothed comb and managed to
twist and turn its laws, content and massages to reflect modern
socialism, thus creating a new social order in America. Their
form of governing treats us like children, taking away our freedoms
to choose right from wrong in the name of security and safety.
Common law
ensures the highest possible degree of freedom by simply punishing
any misuse of that freedom. In fact under Common law the Government
could not take your Life, Liberty or Property away from you until
the exact moment in time you took some ones Life, Liberty or
Property away from them first!
No
Victim, No Crime
If
your actions did not produce a victim there simply is no crime!
An incredibly
high degree of freedom coupled with a high degree of responsibly
for any misuse of that freedom. Personal responsibility and freedom
must always go hand in hand.
Just think
of all the times in today's modern socialist society that you
are punished, ticketed, fined, jailed and otherwise stripped
of your rights to choose when you have produced 'No victim'.
Even when
you have not yet taken away another persons Life, Liberty or
Property, your modern socialist government still takes away your
natural rights as residents of this planet and treats you like
children. Such is the nature of socialist government, it is simply
a new mommy and daddy for children over 18 years of age. They
dole out your allowance and punishments as they see fit and of
coarse, for your own good because socialist government knows
what's good for you and you obviously don't.
Under the
old and STILL legal Common laws, it would be impossible
for officials to issue fines and tickets legally. Only since
we adopted "social" or "civil" laws did the
Common laws lose much of their protective powers. Every time
we sign our names to a license or permit we lose our Common law
rights voluntarily by our own hand.
For instance,
A common law marriage is simply a legal marriage WITHOUT A STATE
LICENSE. For over 4000 years people were legally married without
asking the permission of the state. Only since the times of Karl
Marx, Adoph Hilter and other social engineers did we need to
ask the state for the permission for our natural rights to live,
love and exist. Under Common laws everybody in America has a
legal right to exist. The word "exist" in Common law
means to eat, fish, hunt, gather food, build shelter and earn
a living without asking any bodies permission! Asking for permission
to exist is the politics of social engineering and once you have
traded in your Common law rights in exchange for government privileges
they can be taxed, licensed, fined and other wise taken away
from you forever. The topic of Common law is a tricky topic and
deserves your study time before you start asserting your God
given Common laws rights to any trigger happy officials.
Most people
link of the word holocaust with the Jewish holocaust
at the hands
of the Nazis. However, it's important to be aware and open about
all major violations of human rights by governments.
When Hitler
was asked about the problems of early persecution of Jews, he
replied, "no one remembers the Turkish
slaughter
of the Armenians". As a cyber-memorial to the uncountable
souls vanquished by evil ignorant people, I
offer the
following summary of the largest recent mass slaughters of people
by Governments and dictators.
Holocaust
Remembrance page
Most people
link of the word holocaust with the Jewish holocaust at the hands
of the Nazis. However, it's important to be aware and open about
all major violations of human rights by governments. When Hitler
was asked about the problems of early persecution of Jews, he
replied, "no one remembers the Turkish slaughter of the Armenians".
As a cyber-memorial to the uncountable souls vanquished by evil
ignorant people, I offer the following summary of the largest
recent mass slaughters of people by Governments and dictators.
1901 - 1919-
1 million Armenians as part of ethnic cleansing by Ottoman Turks
1919 - 1921- 25 million middle-class Jews and Christians by Lenin
in Russia.
1950 - 1974- 30 million Chinese by communists
1925 - 1940- 20 million members of the former soviet union by
Stalins communists
1940 - 1945- 20 million citizens and soldiers of the former soviet
union by Nazis
1939 - 1945- 6 million Jews by Nazis across most of Eastern Europe.
1939 - 1945- 6 million other peoples (gays, resisters, Catholics,
etc) by Nazis in death camps
1941 - 1955- 5 million German civilians by the Soviets after WWII
ended in eastern Europe.
1952 - 1960- 1 million Hindus and Moslems during separation of
India and Pakistan.
1968 - 1976- 2 million Cambodians by communists
1969 - 1984- 2 million Ugandans by a series of tribal wars
1960 - 1996- 2 million Hutu and Tutsi tribe members by each other.
1989 - 1.5- Sudanese Christians and animists by northern Moslems
(this area is also afflicted by slavery)
When someone
makes you feel like a crazy for even suggesting another
Holocaust will happen again just read the list above and remember
the
track record of what is crazy and what is real. History repeats
always!!
There
can still be TYRANNY in a democratic country if 51% vote the
freedom
away from the other 49% for their own financial benefits.
Nationalist
MOB RULE is not good democracy! RIGHT'S MUST BE ABSOLUTE and
out of the hands of voters. No one should ever be able to vote
rights away from other people INCLUDING financial rights.
National
Mob-Rule (central democracy) has failed over and over with people
eventually voting money away from the other people and the society
eventually financially collapses. What do you do to stop a DEMOCRATIC
people from voting the financial rights away from an angry and
over taxed working class?????
The problem
is largely caused by the beneficiaries of taxation. Also public
employees i.e. - city, county, and federal workers growing in
numbers, realizing that high taxes gives them more jobs and more
pay rises (These people also vote). The government workers should
not have a right to vote in matters that mean more taxes and
government jobs as this is a MAJOR conflict of interest!!!!!
The answers to happiness lay in MULTI-CAPITALISM, COMMON LAW
and REPUBLICANISM (decentralized local rule).
Some states
will make bad financial decisions and go bankrupt and that's
how we keep the balance of power. Financial responsibility and
the pain of mismanagement are problems that we have all faced
and learned from in our lives at one time or another. The pain
of bad decisions keeps us vigilant and on our toes while a Safety
Net begins to feel more like a hammock the more it is used. The
Feds should NEVER financially help bankrupt states as this starts
the cycle of nationalism all over again.
For
those of you who think AFC is a right wing anti-government organization
you could not be further from the truth. The problem with this
United States government is that it is OWNED by the corporate
right wing which pretends to be left wing with social programs
much like Hitler did in his national SOCIALIST party.
This
Current Government is far from being left wing. The wealthy democrats
that call themselves left wing are the biggest joke! Socialism
never EVER equals left wingism! Socialism that is right wing
driven and re-invented in its image is also called socialized
slavery of laboring classes (study ancient Rome)
The problem
with socialists is that they are so "Hell Bent" to
their cause and they cannot believe corporations could EVER possibly
be in control of quasi forms of socialism. When they hear the
word socialism and they follow like blind sheep without thought
as to WHAT kind of socialism it is. This WESTERN socialism we
have that is ruled by the super rich is a massive perversion
of socialism for true socialism is controlled by the poor and
the working classes.
It
pains us to say it, but the NEW WORLD ORDER
is
the most Anti-Communist organization in the world!
Do
not let their drive towards SOCIALISM fool you!!!
They
FEAR Communism above all else, for when a Communist
redistributes
wealth they do it with a bullet to the head
and
they quickly convert castle sized homes into public hotels.
It
is this fear that has driven their false socialization
of
western Europe and the USA for the past 114 Years
It
is THAT fear which drives the worlds richest men towards
socialism!
A false socialism that eliminates the middle class.
A
socialism designed to bleed the working classes through
redistribution
of wealth for middle incomes instead of the rich!
(This
is not an endorsement for Communism which is but another Tyranny
like
Fascism BUT it DOES explain how to beat them, at the mental level)
MINIMUM
WAGE MUST BE DOUBLED NOW !
In
order to keep up with the Federal Reserves printing of over
10
trillion dollars we will see most prices doubled by years end.
Doubling
the minimum wage must happen right NOW!!!!!!!!!!
Will
it be some political hero that gives us this "NEW DEAL #2"
?
Will
the media brain washed citizens give this "NEW DEAL #2"
politician
their blind loyalty for another 70 years like FDR or will
they
be smart enough to realize that this
NEW DEAL MAKER is in
league
with the greedy bankers and their central banking scam that
made
the inflation and is making our money more worthless daily!
Let
ONLY the U.S. Treasury print ALL money once again and abolish
the
greedy Federal Reserve bank, the 3rd central bank in US history!
Write
letters to congress and the senate demanding that only the
U.S.
Treasury be allowed to print ALL money once again!!
(U.S.
Treasury printed money MEANS "No National Debit!!!)THE
THE
END OF THE FED turned out to be THE END OF JFK
Executive
Order 11110 would have effectively ended inflation.
Executive
Order 11110
AMENDMENT
OF EXECUTIVE ORDER NO. 10289 AS AMENDED, RELATING TO THE PERFORMANCE
OF CERTAIN FUNCTIONS AFFECTING THE DEPARTMENT OF THE TREASURY
By virtue
of the authority vested in me by section 301 of title 3 of the
United States Code, it is ordered as follows:
SECTION 1.
Executive Order No. 10289 of September 19, 1951, as amended, is
hereby further amended --
(a) By adding
at the end of paragraph 1 thereof the following subparagraph (j):
"(j)
The authority vested in the President by paragraph (b) of section
43 of the Act of May 12, 1933, as amended (31 U.S.C. 821 (b)),
to issue silver certificates against any silver bullion, silver,
or standard silver dollars in the Treasury not then held for redemption
of any outstanding silver certificates, to prescribe the denominations
of such silver certificates, and to coin standard silver dollars
and subsidiary silver currency for their redemption," and
(b) By revoking
subparagraphs (b) and (c) of paragraph 2 thereof.
SEC. 2. The
amendment made by this Order shall not affect any act done, or
any right accruing or accrued or any suit or proceeding had or
commenced in any civil or criminal cause prior to the date of
this Order but all such liabilities shall continue and may be
enforced as if said amendments had not been made.
JOHN F. KENNEDY
THE WHITE
HOUSE,
June 4, 1963
YES
- "U.S. Treasury" printed money MEANS "No National
Debit"
73,846
U.S. TROOPS DEAD !
1,620,906 PERMANENTLY DISABLED
FYI,
the war dept. does not count those who 'don't die' on the field
of battle... if you're wounded and evac'ed and die either in
transport or at a triage unit you are 'not' considered a war
casualty... hence NOT REPORTED or COUNTED!
U.S.
DEPARTMENT OF VETERANS AFFAIRS ISSUES OFFICIAL REPORT CONFIRMING
73,000 U.S. TROOPS KILLED IN IRAQ SAME GOVERNMENT AGENCY REPORT
CONFIRMS 1.6 MILLION "DISABLED" BY THE WAR!
On top of
this major defeat for the US and the degradation of the US defense
capability against potential enemies in East Asia etc. is the
crime of not informing the American people of these tremendous
losses -- of fathers and husbands, of young labor, of our real
future from this younger generation. And those not wounded are
scared mentally -- and they already are bringing it back home
to our crumbling sabotaged society. All I have to do is extrapolate
from all the dead from little Yakima, Washington to know that
these figures must be close
to the actual number of combat dead.
-- Dick Eastman
Afghanistan
is always been about the OPIUM and who controls its flow!
An "OPIATED
SOCIETY" does not care what their Government does.
Many believe
that 'Opium for Guns' may be their pacification plans.
One thing
is for sure, Invading Afghanistan has always been about the OPIUM
for thousands of years.
The Biggest
Opium Producer in the World...
Afghanistan is now the number one producer of opium in the world,
providing approximately 97 percent of the world's opium. Opium
revenues account for one-half of Afghanistan's total GDP.
...And it's
Only Getting Bigger with the infusion of US capital-
The US Army
Corps of Engineers is going to help TRIPLE
opium production,,,
but for who??? It just gets better and better.
The Russians
are now giving weapons to the Afghanistan "freedom fighters"
Hey that sounds kind-of familiar,,,,, Afghani "freedom fighters"??
It seems we have come full circle now. Ronny Reagan must be turning
in his grave.
From 2006
to 2007, there was a 500 percent increase in the number of hectares
of opium poppy under cultivation, and a record 12,900 metric
tons of opium were produced in 2007.
In 2008,
opium cultivation grew by another 50 percent and are expected
to triple by 2010 with so much new financial aid coming from
the USA.
BAIT f time has no end
and the universe has been here literally fo
ever could i
"Bait"
provided by KBR / Haliburton
Being
rich and honest is easy
Show me an
honest rich person that can afford to buy anything and
you show me no one special-
Now show me an honest poor person and you then you have
truly shown me a very special person-
The Original
Dollar Crisis And How It Led To The 2010 Dollar Crisis -
To fully understand
today's economic crisis and where we are heading, one must find
the origin of this crisis -- the event or the culmination of events
that put us down this path.
The event leading us to the current crisis isn't the high unemployment
-- currently 9.7% -- and avalanche of foreclosures or the bailout
of all the major banks as a result of the
housing boom and subsequent crash of the 2000s. It wasn't the
preceeding tech bubble of the late 1990s and early 2000, or all
the years of the Fed's easy monetary policy.
Which lead to the high -- arguably understated -- inflation of
the last three decades. No one of these events put us down this
path. When one searches for the origins of the
current crisis, they will find all of these events are rather
the symptoms of the same illness -- the same illness that has
steadily worsened and accelerated us down the path
upon which we are now traveling. A path that leads us over a cliff
into which we fall into the abyss.
The origins
of today's crisis can be traced all the way back to the 1944 Bretton
Woods agreement. In 1944, world leaders and economists met to
form a new world monetary
system for the post war era. With the Bretton Woods agreement,
America became the reserve currency of the world, promising other
nations they could redeem any dollars they
had for gold. While the dollar's value was set in gold, the other
countries' currency valuations were fixed to the dollar. The value
of the dollar was set at FDR's 1934 revaluation of
$35 per ounce of gold. Before FDR's revaluation, the dollar was
stronger and was valued at $20.67 per ounce of gold.
However, this
was not a true gold standard and it heavily favored the United
States. In a true gold standard the currency is convertible by
any one -- private citizen, foreign
central bank etc. -- whereas under the Bretton Woods agreement,
only foreign central banks could convert their dollars to gold.
It favored the United States because the US could
settle its foreign payments in dollars. Whereas other nations
had to settle their foreign payments -- including any with the
US -- in gold, so the US could simply print dollars and
send them overseas and keep doing this until when/if foreign central
banks started demanding gold for their dollars. Under a true gold
standard, all foreign payments by any
country would be settled in gold. Thus putting a limit on the
number of dollars the Federal Reserve could print. Forcing balance
of payments and trade responsibility, so as to the
outflow of gold is not greater than the inflow of gold.
After World
War II, it didn't take the US long to find itself in war again,
this time in Korea. War broke out on June 25, 1950. The Korean
War escalated the Cold War between the US
and the Soviet Union; and as what would have been a civil war,
turned into a proxy war between the two powers, with the US vowing
to defeat communism at all costs. The war
ended on July 27, 1953 with an armistice, but the stage was set
for the further escalation of the Cold War and the international
currency crisis that would engulf the world in the
late 60s and in 1971, bring the collapse of the Bretton Woods
agreement and the ensuing run on the dollar that pushed it to
the brink of collapse and hyperinflation.
The three
year Korean War set the stage for these events by the financial
cost of the war and the actions -- which are still repeated this
day -- taken to pay for the costs. Although
the US had a trade surplus, it had a balance of payments deficit
which was due mainly to government spending on overseas expenditures,
including military and foreign aid to
help rebuild Europe. The US Treasury issued new bonds which were
then bought by The Federal Reserve with money printed out of thin
air. By the year 1951, The Federal
Reserve had more US Treasury bonds on its balance sheet than it
had in gold reserves. By 1958 these dollars were being exchanged
for gold by foreign central banks at an
alarming rate. By the end of 1958 US gold reserves had fallen
9%.[1]
By October
1960, the outflow of gold from the United States was beginning
to put upward pressure on the price of gold. Gold had just reached
$40 per ounce in trading on The
London Gold Exchange that October, while the official price was
still at $35 per ounce. In an effort to suppress the price of
gold, the US, Great Britain, Germany, France, and
other western central banks, formed the London Gold Pool in 1961.
If the price of gold neared $35.20, the group would dump gold
onto the market in an effort to get gold back to
the official $35 price and if the price fell below $35, the group
would buy gold to bring the price of gold back to $35.
By 1965 the
outflow of gold was accelerating even more as the balance of payments
deficit grew ever larger. Large tax cuts proposed by President
Kennedy and passed after his
death by President Johnson in 1964 had taken effect. A massive
full escalation of the Vietnam War had started, the space race
with the Soviet Union was in full swing, and huge,
new entitlement spending on President Johnson's Great Society
also had taken effect. As a result of the massive increase in
government outlays, in 1967 total US foreign
liabilities had soared to $36 billion, while the US only had $12
billion in gold reserves -- only one third of total obligations.[2]
With the acceleration
in the outflow of gold, the US increasingly attempted to forcefully
control the outflow. In 1959 President Eisenhower made it illegal
for Americans to buy gold
overseas. Before his death, President Kennedy proposed The Equalization
Tax, which was passed after his death in 1964. The act was a new
tax on foreign currency deposits to
prevent Americans from investing overseas. President Lyndon Johnson
went as far as to discourage Americans from traveling. He stated
"We may need to forgo the pleasures
of Europe for a while." And also, "I am asking the American
people to defer, for the next two years, all non-essential travel
outside the western hemisphere." And as a Time
magazine article from February 12, 1965 noted:[3]
"Martin,
Douglas Dillon and Budget Director Kermit Gordon are lobbying
for measures that would drastically affect the nation's foreign
and domestic policies.
Among the proposals that one or all three of them have forwarded:
an exit tag of $50 or $100 per person to discourage tourism abroad,
direct controls on U.S.
investments abroad..."
Beginning
in 1965, French President General Charles de Gaulle-- who by that
time had made France an economic power house through austerity
programs in which built up
France's gold reserves after he returned to power in 1958-- started
demanding a reform of the international monetary system, a move
back to the gold standard. As this February
12, 1965 Time article explains:[3]
"Perhaps
never before had a chief of state launched such an open assault
on the monetary power of a friendly nation. Nor had anyone of
such stature made so
sweeping a criticism of the international monetary system since
its founding in 1944. There was Charles de Gaulle last week proclaiming
that the primacy of the
dollar in international dealings was finished, calling for an
eventual return to the gold standard -which the world's nations
scrapped 50 years ago - and
practically inviting other countries to follow France's lead and
cash in their dollars for gold. It was a particularly nettling
irritant just as the U.S. was deeply
involved in making some hard decisions about its monetary policy."
Time also
wrote in the article that "past attempts to close the payments
gap have been mere palliatives - and that the problem has begun
to undermine U.S. influence around the
globe." And:[3]
"Just
before De Gaulle spoke, Treasury Secretary Douglas Dillon made
the first public admission that the U.S. payments deficit in 1964
moved higher than
anyone had expected. It totaled about $3billion, all of which
the U.S. is legally committed to exchange for U.S. gold on demand.
The Federal Reserve announced
that the U.S. gold supply declined last week by $100 million,
to a 26-year low of 15.1 billion.
France converted
$150 million into gold last month, plans another $150 million
conversion soon. Following that lead, Spain has quietly exchanged
$60 million of
its dollar reserves for U.S. gold-the biggest such transaction
of the Franco era. To free more gold to meet rising demand, a
congressional committee last week
approved President Johnson's proposal to eliminate the 25% gold
backing now legally required for deposits held in the Federal
Reserve System. But concern is
growing in Washington that nations that have so far refrained
from converting dollars out of consideration for the U.S. may
cash them in for gold once the extra
bullion becomes available-and thus send still more gold-laden
truckloads rolling out of Fort Knox."
Unlike France,
Great Britain's economy was already a disaster and was getting
worse. Britain's external trade balance and general economic conditions
were poor and was
getting worse.[2] With foreign obligations growing and a shrinking
industrial base, fears began to fester the Bretton Woods agreement
would be broken at the Pound Sterling link.
With fears of a Sterling crisis and a breakdown of the Bretton
Woods agreement possible, causing France's Charles de Gaulle to
push for an overhaul of the international
monetary system, de Gaulle was the target of several CIA-linked
assassination attempts between 1965-1966.[6] After these attempts
failed, de Gaulle's government was then a
target of destabilization which later succeeded in 1968.
Economist
and historian William Engdahl gives a more detailed account in
his 1992 (republished 2004) book, "A Century of War: Anglo-American
Oil Politics And The New World
Order":
"After
the war [World War II], under Bretton Woods, Britain, through
her Sterling Bloc ties with colonies and former colonies, had
been able to make the Pound
Sterling a strong currency, which in many parts of the world was
regarded the equal of the dollar as a stable reserve currency.
Member countries in
the British Commonwealth were required, among other "courtesies,"
to deposit their national gold and foreign exchange reserves in
London and to maintain
Sterling balances in City of London British banks. Britain's quota
share in the IMF was second only to that of the United States.
Therefore, the Pound was
disproportionately important to the stability of the Bretton Woods
dollar order in the 1960's, despite the clearly depleted condition
of her economy.
During the
1960's England, like America, was a net exporter of financial
funds to the rest of the world, despite the fact that her technologically
stagnant
industrial base created increasing trade deficits. Continental
European economies, through growth of trade within the new Common
Market and their
productive advantages from strong investment in technology, grew
vigorously.
Thus Britain's
deficiencies and lack of new technological investment grew ever
larger by comparison. The powerful financial interests of the
City of London
again preferred to focus single- mindedly on drawing the world's
financial flows into London banks by maintaining the highest interest
rates of any major
industrial nation throughout the mid-1960's. Industry went into
a slump, unable to borrow for needed technological innovations.
By 1967, the
British position was alarming. Despite several large emergency
borrowings from the IMF to help stabilize the Pound Sterling,
British foreign
debts continued to grow, rising another $2 billion, or some 20%
in that year alone. In January, 1967, de Gaulle's principal economic
adviser, Jacques
Rueff, came to London to deliver a proposal for raising the official
price of gold held by the leading industrial nations. The United
States and Britain
continuously refused to hear such arguments, which would have
meant a de facto devaluation of their currencies.
Throughout
1967, the Bank of England's gold reserves declined. Foreign creditors,
sensing the obviously imminent devaluation of the weakening Pound,
scrambled to redeem paper for gold, which they calculated must
rise in value. By June 1967, de Gaulle's government announced
that France had withdrawn
from the American-instigated "Gold Pool." In 1961, under
U.S. pressure, the central banks of ten leading industrial countries
had created the Group of Ten
as it became known. In addition to the U.S., Britain, France,
Germany, and Italy were added Holland, Belgium, Sweden, Canada,
and Japan. The Group of
Ten had agreed in 1961 to pool reserves into a special fund, the
Gold Pool, to be administered in London by the Bank of England.
Under the arrangement,
a temporary remedy at best, as events revealed, the U.S. "central
bank contributed only half the costs of continuing to maintain
the world price of gold at the
artificially low $35/ounce of 1934. The other nine, plus Switzerland,
agreed to pay the second half of such "emergency" interventions,
on the
argument the situation would be temporary.
But the "emergency"
had become chronic by 1967. Washington refused to bring its war
spending deficits under control, and Sterling continued to weaken
along with the collapsing British economy. De Gaulle withdrew
from the Gold Pool, not wanting to lose additional French central
bank gold reserves to
the bottomless pit of interventions. The American and British
financial press, led by the London Economist, began a heightened
attack against
French policy.
But de Gaulle
made one tactical blunder in the process. On January 31, 1967,
a new law came into effect in France which allowed unlimited
convertibility for the French Franc. At the time, with French
industrial growth among the strongest in Europe, and the Franc,
backed by strong gold reserves,
one of the strongest currencies, convertibility was seen as a
confirmation of France's successful economic policy since de Gaulle
took office in 1958. It
was soon to become the Achilles heel which finished de Gaulle's
France at the hands of Anglo-American financial interests.
French Prime
Minister Georges Pompidou, in a public speech in February 1967,
reaffirmed French adherence to a gold-backed monetary system as
the
only way to avoid international manipulations, adding that the
"international monetary system is functioning poorly because
it gives advantages to
countries with a reserve currency (i.e., the United States): these
countries can afford inflation without paying for it." In
effect, the Johnson
administration and the Federal Reserve simply printed dollars
and sent them abroad in place of its gold.
The lines
were more sharply drawn over the course of 1967. France's central
bank, determined to exchange its dollar and Sterling reserves
for gold, left the
voluntary 1961 "gold pool" arrangement. Other central
banks followed. The situation assumed near panic dimensions; some
80 tons of gold were sold on
the London market toward the end of the year in an unheard-of
period of five days, in a failed effort to stop the speculative
attack. Fear grew that the
entire Bretton Woods edifice was about to crack at the weakest
link, the Pound Sterling.
By the second
half of 1967, financial speculators were selling Pounds and buying
dollars or other currencies which they then used to buy commercial
gold in
all possible markets from Frankfurt to Pretoria, sparking a steep
rise in the market price of gold, in contrast to the$35/ounce
official U.S. dollar price. The
Sterling crisis indirectly focused attention on the growing vulnerability
at the core of the international monetary system, the U.S. dollar
itself.
By November
18, 1967, the British Labour government of Harold Wilson bowed
to the inevitable, despite strong pressure from Washington, and
announced
a 14% devaluation of Sterling from $2.80 down to $2.40 per Pound,
the first devaluation since 1949. The Sterling crisis abated,
but the dollar crisis was only
beginning.
Once Sterling
was devalued, speculative pressures turned directly to the U.S.
dollar at the end of 1967. International holders of dollars went
to the New York
Federal Reserve Gold Discount Window and demanded their rightful
gold in exchange. The market price of gold began an even steeper
rise as a result,
despite efforts of the U.S. Federal Reserve to dump its gold reserves
onto the market to stop the rise. Washington, under the sway of
the powerful
dollar-based New York banks, adamantly refused to budge from the
$35/ounce official valuation of gold. But the withdrawal of France,
one of the
largest holders of gold, from the Group of Ten Gold Pool, had
intensified Washington's problem. By the end of the year, Washington's
official gold stock
declined another $1 billion, to only $12 billion.
De Gaulle
is toppled
The crisis
gathered momentum into 1968, and between March 8 and March 15
of that year the Gold Pool in London had to provide nearly 1,000
tons to hold the
gold price. The weighing-room floor, loaded with gold at the Bank
of England, almost collapsed under the weight. U.S. Air Force
planes had been
commandeered to rush gold in from the U.S. reserve at Fort Knox.
On March 15, the U.S. requested a two-week closing of the London
gold market.
By April,
1968, a special meeting of the Group of Ten was convened, in Stockholm,
at Washington's request. U.S. officials planned to unveil yet
another
scheme, the creation of a new "paper gold" substitute
through the IMF, so-called Special Drawing Rights (SDRs), in an
effort to postpone the day of
reckoning still further.
At the Stockholm
gathering, designed to set the stage for official I MF adoption
of the Washington SDR scheme at the upcoming IMF meeting the following
month, France defiantly blocked unanimous agreement, with France's
Minister Michel Debre reasserting traditional French policy on
a return to the original
rules of Bretton Woods. De Gaulle's adviser Rueff had repeatedly
proposed a "shock" devaluation of the U.S. dollar of
100% against gold, which would have
been elegantly simple, would have doubled official U.S. gold reserves
in dollar terms and would have been sufficient to allow the U.S.
to convert the
approximate $10 billion of foreign held dollars, while still maintaining
the value of its gold reserves as before. This would have been
far more rational and
painless, in human terms, than what ensued from Washington's side.
But tragically, it was not to result.
Within days
of the French refusal to back Washington's SDR dollar bailout
scheme, France itself was the target of the most serious political
destabilization of
the postwar period. Beginning with leftist students at the University
of Strasbourg, soon all of France was brought to a chaotic halt
as students rioted and struck
across France. Coordinated with the political unrest (which, interestingly
the French Communist Party attempted to calm down), U.S. and British
investment
houses started a panic run on the French Franc which gained momentum
as it was touted loudly in Anglo-American financial media.
The May 1968
student riots in France were the result of the vested London and
New York financial interests in the one G-10 nation which continued
to defy
their mandate. Taking advantage of the new French law allowing
full currency convertibility, these financial houses began to
cash in Francs for gold, draining
French gold reserves by almost 30% by the end of 1968, and bringing
a full- blown crisis in the Franc.
Sadly, the
counterattack of the Anglo-Americans succeeded. Within a year,
de Gaulle was out of office and France's voice severely weakened.
One of his last
meetings while still President in 1969, was with British Ambassador
to France, Christopher Soames. Once again, the General told Soames,
in a broad review of
French postwar policy, that Europe must be independent and that
her independent stance had been profoundly compromised by the
"pro-American" sentiments
of many European countries, most especially Britain.
One other
country openly daring to defy the powerful financial interests
of London and New York at this time was the largest gold-producer
in the west, the
Republic of South Africa. During the early part of 1968, South
Africa refused to sell its newly-mined gold for Pounds or dollars
at the official price of $35/ounce.
France and South Africa had been holding talks to form a new gold
basis for reforming the Bretton Woods monetary order. This provoked
a U.S.-led central bank
boycott of South Africa, a move again repeated by the same interests
almost exactly 20 years later, in the mid-1980's.
Despite the
apparent decline of the French "threat," Washington
and London's success was to prove a Pyrrhic victory."
The US Federal
Reserve requested the London Gold Market be closed for two weeks
on March 15, 1968. While the London Gold Market was closed, the
Gold Pool was
dismantled. Upon the London Gold Market's reopening, gold rose
to $39 per ounce.[1] On the same day, western central banks, led
by the US Treasury Secretary Robert Fowler,
in what is known as the Washington Accord, announced the world's
monetary reserves to be "sufficient" and no additional
purchases or sales of gold by any central bank in any
market was needed.[1] Letters were sent to some 95 central banks
asking them not to buy gold.[1] Fowler hoped that by boycotting
South Africa, monetary demand for gold would
drop, thus forcing South Africa, producer of 77% of the non-Communist
world's output of gold at the time[4], to dump its gold on markets
in London and Switzerland and thus drive
the price down to the official $35-per-ounce level.
The boycott
had no effect at first. As the price of gold by July 1968 was
over $40 per ounce and by mid-1969 was approaching $44[1]. South
Africa was able to pay for its imports
in several ways: In the three years prior to 1968, South Africa
had run capital account surpluses; also, after the bear market
bottom in 1966, South Africa saw huge foreign
currency inflows from bullish investors. South Africa was even
able to sell some of its gold to western central banks despite
the US led boycott. The Bank of Portugal broke the
central bank boycott and bought $145 million worth of gold in
1968 and another $120 million by mid 1969.[4] South Africa also
sold gold to three Swiss banks, Credit Suisse,
Union Bank and Swiss Bank Corp.(apparently these three wanted
Zurich to challenge London's status as the leading gold market
in the world)[4]
South Africa
even offered to sell gold to the IMF--which IMF rules stated the
fund must buy all gold offered to it, by its members. South Africa
offered the IMF 1 million ounces o
gold in May 1968, but the IMF deferred decision on the legality
of gold purchases, with the US having 25% of the board votes.[1]
However, by
mid 1969, South Africa was in desperate need of exporting its
gold to pay for its imports. The Bull market in stocks that had
started in 1966 had ended and investors
were increasingly shunning South Africa, who in the 2Q of 1969
had its first capital account deficit since 1965. As a result,
South Africa began dumping gold on the market in
London. South Africa's reserves fell from $1.4 billion in May
1969 to $1.1 billion the following August. An estimated 20 tonnes
of South African gold was hitting the market. This
dumping of gold on the markets was a disaster for gold prices.
Gold prices would fall from $43.50 to $35 by the end of that October
and all the way down to $34.80 on January
16, 1970.[1]
This decline
was short lived however. By the end of 1970 gold was back to $37.50
per ounce, as the economic situation in the US deteriorated. For
the first time in the 20th
century, the US had a trade deficit in 1970. This flood of new
dollars to foreign countries would soon find their way back home
in the form of gold demands; demand for gold the
US could not cover. By 1971, total US gold reserves had fallen
to just $10 billion, while foreign central banks held some $80
billion -- eight times the total of US gold reserves.[5]
With the Vietnam
War still raging and now not only a balance of payments deficit,
but now also a trade deficit and a major economic recession looming,
the Federal Reserve, in
the face of rising inflation and commodity prices in 1971, increased
the money supply by 10%. Fearing massive inflation and no longer
willing to prop up the dollar, inflation-leery
West Germany -- Wiemar Germany hyperinflated in the early 1920s
-- pulled its Deutsche Mark from the Bretton woods agreement.
This move actually strengthened the German
economy and also the Deutsche Marked as it appreciated some 7.5%
vs. the dollar by August 1971.
The German
withdrawal from the Bretton Woods agreement sparked panic and
a currency crisis. By the end of June 1971, $22 billion in assets
had left the US. Later, in July
1971, Switzerland redeemed $50 million for gold and one month
later in August, pulled its Swiss Franc from the Bretton Woods
agreement. At the same time, France redeemed
$191 million for gold by sending a French battleship to New York
to take delivery of the gold from the Federal Reserve and to bring
back to France.[5] Then, in a shocking move
on August 11, 1971, the British ambassador requested to redeem
an astonishing $3 billion for gold -roughly one third of the total
gold reserves of the US, at the time.[5] The same
day, Congress released a report recommending a devaluation of
the dollar in an effort to protect the dollar from "foreign
price-gougers."
It was too
little, too late. The dollar was in a full blown crisis and was
on the brink of collapse and hyperinflation as faith had been
lost. So, on August 15, 1971 President Richard
Nixon, in an event that would come to known as the Nixon shock,
unilaterally closed the US gold window and imposed a 90 day price
and wage freeze along with a 10%
surcharge tax on imports. For the first time ever, America was
on a full fiat paper system.
This concludes
part one. The Bretton Woods agreement put us on this path and
infected us wth an illness, an illness in which today has grown
to monstrous proportions and has
us gasping for our last breaths. What is this illness and how
did it contribute to America's first bankruptcy in 1971? How will
it lead to the second and final currency crisis and
bankruptcy of the US?
I am currently
working on part two and hope to have it finished and published
in the coming weeks. Part two will take us through the post Bretton
Woods era, from the high
inflation of the 70s and early 80s, to the Gordon Gekko era of
greed in the mid-late 80s till today. The asset mania that engulfed
the nation in the 90s and continues till this day
and the dot com bubble in the late 90s. And all the other events,
manias, wars etc. over the last 10 years.
Part 2 - The
Petro Dollar is born (Dollars backed by oil, not Gold)
The End
of Dollar Hegemony
A hundred
years ago it was called "dollar diplomacy." After World
War II, and especially after the fall of the Soviet Union in
1989, that
policy evolved into "dollar hegemony." But after all
these many years of great success, our dollar dominance is coming
to an end.
It has been
said, rightly, that he who holds the gold makes the rules. In
earlier times it was readily accepted that fair and honest trade
required an exchange for something of real value.
First it
was simply barter of goods. Then it was discovered that gold
held a universal attraction, and was a convenient substitute
for more
cumbersome barter transactions. Not only did gold facilitate
exchange of goods and services, it served as a store of value
for those who
wanted to save for a rainy day.
Though money
developed naturally in the marketplace, as governments grew in
power they assumed monopoly control over money.
Sometimes governments succeeded in guaranteeing the quality and
purity of gold, but in time governments learned to outspend their
revenues. New or higher taxes always incurred the disapproval
of the people, so it wasn't long before Kings and Caesars learned
how to
inflate their currencies by reducing the amount of gold in each
coin-- always hoping their subjects wouldn't discover the fraud.
But the
people always did, and they strenuously objected.
This helped
pressure leaders to seek more gold by conquering other nations.
The people became accustomed to living beyond their means,
and enjoyed the circuses and bread. Financing extravagances by
conquering foreign lands seemed a logical alternative to working
harder
and producing more. Besides, conquering nations not only brought
home gold, they brought home slaves as well. Taxing the people
in
conquered territories also provided an incentive to build empires.
This system of government worked well for a while, but the moral
decline of the people led to an unwillingness to produce for
themselves. There was a limit to the number of countries that
could be sacked
for their wealth, and this always brought empires to an end.
When gold no longer could be obtained, their military might crumbled.
In
those days those who held the gold truly wrote the rules and
lived well.
That general
rule has held fast throughout the ages. When gold was used, and
the rules protected honest commerce, productive nations
thrived. Whenever wealthy nations-- those with powerful armies
and gold-- strived only for empire and easy fortunes to support
welfare at
home, those nations failed.
Today the
principles are the same, but the process is quite different.
Gold no longer is the currency of the realm; paper is. The truth
now
is: "He who prints the money makes the rules"-- at
least for the time being. Although gold is not used, the goals
are the same: compel
foreign countries to produce and subsidize the country with military
superiority and control over the monetary printing presses.
Since printing
paper money is nothing short of counterfeiting, the issuer of
the international currency must always be the country with
the military might to guarantee control over the system. This
magnificent scheme seems the perfect system for obtaining perpetual
wealth
for the country that issues the de facto world currency. The
one problem, however, is that such a system destroys the character
of the
counterfeiting nation's people-- just as was the case when gold
was the currency and it was obtained by conquering other nations.
And this
destroys the incentive to save and produce, while encouraging
debt and runaway welfare.
The pressure
at home to inflate the currency comes from the corporate welfare
recipients, as well as those who demand handouts as
compensation for their needs and perceived injuries by others.
In both cases personal responsibility for one's actions is rejected.
When paper
money is rejected, or when gold runs out, wealth and political
stability are lost. The country then must go from living beyond
its means to living beneath its means, until the economic and
political systems adjust to the new rules-- rules no longer written
by those
who ran the now defunct printing press.
"Dollar
Diplomacy," a policy instituted by William Howard Taft and
his Secretary of State Philander C. Knox, was designed to enhance
U.S. commercial investments in Latin America and the Far East.
McKinley concocted a war against Spain in 1898, and (Teddy) Roosevelt's
corollary to the Monroe Doctrine preceded Taft's aggressive approach
to using the U.S. dollar and diplomatic influence to secure U.S.
investments abroad. This earned the popular title of "Dollar
Diplomacy."
The significance
of Roosevelt's change was that our intervention now could be
justified by the mere "appearance" that a country of
interest to us was politically or fiscally vulnerable to European
control. Not only did we claim a right, but even an official
U.S. government
"obligation" to protect our commercial interests from
Europeans.
This new
policy came on the heels of the "gunboat" diplomacy
of the late 19th century, and it meant we could buy influence
before
resorting to the threat of force. By the time the "dollar
diplomacy" of William Howard Taft was clearly articulated,
the seeds of American
empire were planted. And they were destined to grow in the fertile
political soil of a country that lost its love and respect for
the republic
bequeathed to us by the authors of the Constitution. And indeed
they did. It wasn't too long before dollar "diplomacy"
became dollar
"hegemony" in the second half of the 20th century.
This transition
only could have occurred with a dramatic change in monetary policy
and the nature of the dollar itself. Congress created
the Federal Reserve System in 1913. Between then and 1971
the principle
of sound money was systematically undermined. Between 1913 and
1971, the Federal Reserve found it much easier to expand
the money supply at will for financing war or manipulating the
economy with little resistance from Congress-- while benefiting
the special
interests that influence government.
Dollar dominance
got a huge boost after World War II. We were spared the destruction
that so many other nations suffered, and our coffers
were filled with the world's gold. But the world chose not to
return to the discipline of the gold standard, and the politicians
applauded.
Printing
money to pay the bills was a lot more popular than taxing or
restraining unnecessary spending. In spite of the short-term
benefits,
imbalances were institutionalized for decades to come.
The 1944
Bretton Woods agreement solidified the dollar as the preeminent
world reserve currency, replacing the British pound. Due to our
political and military muscle, and because we had a huge amount
of physical gold, the world readily accepted our dollar (defined
as 1/35th
of an ounce of gold) as the world's reserve currency. The dollar
was said to be "as good as gold," and convertible to
all foreign central
banks at that rate. For American citizens, however, it remained
illegal to own. This was a gold-exchange standard that from inception
was
doomed to fail.
The U.S.
did exactly what many predicted she would do. She printed more
dollars for which there was no gold backing. But the world was
content to accept those dollars for more than 25 years with little
question-- until the French and others in the late 1960s demanded
we
fulfill our promise to pay one ounce of gold for each $35 they
delivered to the U.S. Treasury. This resulted in a huge gold
drain that
brought an end to a very poorly devised pseudo-gold standard.
It all ended
on August 15, 1971, when Nixon closed the gold window and refused
to pay out any of our remaining 280 million ounces of
gold. In essence, we declared our insolvency and everyone recognized
some other monetary system had to be devised in order to bring
stability to the markets.
Amazingly,
a new system was devised which allowed the U.S. to operate the
printing presses for the world reserve currency with no
restraints placed on it-- not even a pretense of gold convertibility,
none whatsoever! Though the new policy was even more deeply flawed,
it
nevertheless opened the door for dollar hegemony to spread.
Realizing
the world was embarking on something new and mind boggling, elite
money managers, with especially strong support from U.S.
authorities, struck an agreement with OPEC to price oil in U.S.
dollars exclusively for all worldwide transactions. This gave
the dollar a
special place among world currencies and in essence "backed"
the dollar with oil. In return, the U.S. promised to protect
the various
oil-rich kingdoms in the Persian Gulf against threat of invasion
or domestic coup. This arrangement helped ignite the radical
Islamic
movement among those who resented our influence in the region.
The arrangement gave the dollar artificial strength, with tremendous
financial benefits for the United States. It allowed us to export
our monetary inflation by buying oil and other goods at a great
discount as
dollar influence flourished.
This post-Bretton
Woods system was much more fragile than the system that existed
between 1945 and 1971. Though the dollar/oil
arrangement was helpful, it was not nearly as stable as the pseudo
gold standard under Bretton Woods. It certainly was less stable
than the
gold standard of the late 19th century.
During the
1970s the dollar nearly collapsed, as oil prices surged and gold
skyrocketed to $800 an ounce. By 1979 interest rates of 21%
were required to rescue the system. The pressure on the dollar
in the 1970s, in spite of the benefits accrued to it, reflected
reckless budget
deficits and monetary inflation during the 1960s. The markets
were not fooled by LBJ's claim that we could afford both "guns
and butter."
Once again
the dollar was rescued, and this ushered in the age of true dollar
hegemony lasting from the early 1980s to the present. With
tremendous cooperation coming from the central banks and international
commercial banks, the dollar was accepted as if it were gold.
Fed Chair
Alan Greenspan, on several occasions before the House Banking
Committee, answered my challenges to him about his
previously held favorable views on gold by claiming that he and
other central bankers had gotten paper money-- i.e. the dollar
system-- to
respond as if it were gold. Each time I strongly disagreed, and
pointed out that if they had achieved such a feat they would
have defied
centuries of economic history regarding the need for money to
be something of real value. He smugly and confidently concurred
with this.
In recent
years central banks and various financial institutions, all with
vested interests in maintaining a workable fiat dollar standard,
were not secretive about selling and loaning large amounts of
gold to the market even while decreasing gold prices raised serious
questions about the wisdom of such a policy. They never admitted
to gold price fixing, but the evidence is abundant that they
believed if the
gold price fell it would convey a sense of confidence to the
market, confidence that they indeed had achieved amazing success
in turning
paper into gold.
Increasing
gold prices historically are viewed as an indicator of distrust
in paper currency. This recent effort was not a whole lot different
than the U.S. Treasury selling gold at $35 an ounce in the 1960s,
in an attempt to convince the world the dollar was sound and
as good as
gold. Even during the Depression, one of Roosevelt's first acts
was to remove free market gold pricing as an indication of a
flawed monetary
system by making it illegal for American citizens to own gold.
Economic law eventually limited that effort, as it did in the
early 1970s
when our Treasury and the IMF tried to fix the price of gold
by dumping tons into the market to dampen the enthusiasm of those
seeking a
safe haven for a falling dollar after gold ownership was re-legalized.
Once again
the effort between 1980 and 2000 to fool the market as to the
true value of the dollar proved unsuccessful. In the past 5 years
the dollar has been devalued in terms of gold by more than 50%.
You just can't fool all the people all the time, even with the
power of the
mighty printing press and money creating system of the Federal
Reserve.
Even with
all the shortcomings of the fiat monetary system, dollar influence
thrived. The results seemed beneficial, but gross distortions
built into the system remained. And true to form, Washington
politicians are only too anxious to solve the problems cropping
up with
window dressing, while failing to understand and deal with the
underlying flawed policy.
Protectionism,
fixing exchange rates, punitive tariffs, politically motivated
sanctions, corporate subsidies, international trade
management, price controls, interest rate and wage controls,
super-nationalist sentiments, threats of force, and even war
are resorted to-all
to solve the problems artificially created by deeply flawed monetary
and economic systems.
In the short
run, the issuer of a fiat reserve currency can accrue great economic
benefits. In the long run, it poses a threat to the country
issuing the world currency. In this case that's the United States.
As long as foreign countries take our dollars in return for real
goods, we
come out ahead. This is a benefit many in Congress fail to recognize,
as they bash China for maintaining a positive trade balance with
us.
But this
leads to a loss of manufacturing jobs to overseas markets, as
we become more dependent on others and less self-sufficient.
Foreign
countries accumulate our dollars due to their high savings rates,
and graciously loan them back to us at low interest rates to
finance our
excessive consumption.
It sounds
like a great deal for everyone, except the time will come when
our dollars-- due to their depreciation-- will be received less
enthusiastically or even be rejected by foreign countries. That
could create a whole new ballgame and force us to pay a price
for living
beyond our means and our production. The shift in sentiment regarding
the dollar has already started, but the worst is yet to come.
The agreement
with OPEC in the 1970s to price oil in dollars has provided tremendous
artificial strength to the dollar as the preeminent
reserve currency. This has created a universal demand for the
dollar, and soaks up the huge number of new dollars generated
each year.
Last year alone M3 increased over $700 billion.
The artificial
demand for our dollar, along with our military might, places
us in the unique position to "rule" the world without
productive
work or savings, and without limits on consumer spending or deficits.
The problem is, it can't last.Price inflation is raising its
ugly head,
and the NASDAQ bubble-- generated by easy money-- has burst.
The housing bubble likewise created is deflating. Gold prices
have
doubled, and federal spending is out of sight with zero political
will to rein it in. The trade deficit last year was over $728
billion. A $2
trillion war is raging, and plans are being laid to expand the
war into Iran and possibly Syria. The only restraining force
will be the world's
rejection of the dollar. It's bound to come and create conditions
worse than 1979-1980, which required 21% interest rates to correct.
But
everything possible will be done to protect the dollar in the
meantime. We have a shared interest with those who hold our dollars
to keep
the whole charade going.
Greenspan,
in his first speech after leaving the Fed, said that gold prices
were up because of concern about terrorism, and not because of
monetary concerns or because he created too many dollars during
his tenure. Gold has to be discredited and the dollar propped
up. Even
when the dollar comes under serious attack by market forces,
the central banks and the IMF surely will do everything conceivable
to soak
up the dollars in hope of restoring stability. Eventually they
will fail.
Most importantly,
the dollar/oil relationship has to be maintained to keep the
dollar as a preeminent currency. Any attack on this
relationship will be forcefully challenged-as it already has
been.
In November
2000 Saddam Hussein demanded Euros for his oil.
His arrogance
was a threat to the dollar; his lack of any military might was
never a threat. At the first cabinet meeting with the new administration
in 2001, as reported by Treasury Secretary Paul O'Neill, the
major topic was how we would get rid of Saddam Hussein-- though
there was no evidence whatsoever he posed a threat to us. This
deep
concern for Saddam Hussein surprised and shocked O'Neill.
It now is
common knowledge that the immediate reaction of the administration
after 9/11 revolved around how they could connect Saddam
Hussein to the attacks, to justify an invasion and overthrow
of his government. Even with no evidence of any connection to
9/11, or evidence
of weapons of mass destruction, public and congressional support
was generated through distortions and flat out misrepresentation
of the
facts to justify overthrowing Saddam Hussein.
There was
no public talk of removing Saddam Hussein because of his attack
on the integrity of the dollar as a reserve currency by selling
oil in Euros. Many believe this was the real reason for our obsession
with Iraq.
I doubt
it was the only reason, but it may well have played a significant
role in our motivation to wage war. Within a very short period
after
the military victory, all Iraqi oil sales were carried out in
dollars. The Euro was abandoned.
In 2001,
Venezuela's ambassador to Russia spoke of Venezuela switching
to the Euro for all their oil sales. Within a year there was
a coup
attempt against Chavez, reportedly with assistance from our CIA.
After these
attempts to nudge the Euro toward replacing the dollar as the
world's reserve currency were met with resistance, the sharp
fall
of the dollar against the Euro was reversed. These events may
well have played a significant role in maintaining dollar dominance.
It's become
clear the U.S. administration was sympathetic to those who plotted
the overthrow of Chavez, and was embarrassed by its
failure. The fact that Chavez was democratically elected had
little influence on which side we supported.
Now, a
new attempt is being made against the petrodollar system. Iran, another member
of the "axis of evil," has announced her plans to
initiate an oil bourse in March of this year. Guess what, the
oil sales will be priced Euros, not dollars.
Most Americans
forget how our policies have systematically and needlessly antagonized
the Iranians over the years. In 1953 the CIA
helped overthrow a democratically elected president, Mohammed
Mossadeqh, and install the authoritarian Shah, who was friendly
to the
U.S. The Iranians were still fuming over this when the hostages
were seized in 1979.
Our alliance
with Saddam Hussein in his invasion of Iran in the early 1980s
did not help matters, and obviously did not do much for our
relationship with Saddam Hussein. The administration announcement
in 2001 that Iran was part of the axis of evil didn't do much
to
improve the diplomatic relationship between our two countries.
Recent threats
over nuclear power, while ignoring the fact that they are surrounded
by countries with nuclear weapons, doesn't seem to
register with those who continue to provoke Iran. With what most
Muslims perceive as our war against Islam, and this recent history,
there's little wonder why Iran might choose to harm America by
undermining the dollar. Iran, like Iraq, has zero capability
to attack us.
But that didn't stop us from turning Saddam Hussein into a modern
day Hitler ready to take over the world. Now Iran, especially
since
she's made plans for pricing oil in Euros, has been on the receiving
end of a propaganda war not unlike that waged against Iraq before
our
invasion.
It's not
likely that maintaining dollar supremacy was the only motivating
factor for the war against Iraq, nor for agitating against Iran.
Though the real reasons for going to war are complex, we now
know the reasons given before the war started, like the presence
of weapons
of mass destruction and Saddam Hussein's connection to 9/11,
were false. The dollar's importance is obvious, but this does
not diminish the
influence of the distinct plans laid out years ago by the neo-conservatives
to remake the Middle East. Israel's influence, as well as that
of
the Christian Zionists, likewise played a role in prosecuting
this war. Protecting "our" oil supplies has influenced
our Middle East policy
for decades.
But the
truth is that paying the bills for this aggressive intervention
is impossible the old fashioned way, with more taxes, more savings,
and more production by the American people. Much of the expense
of the Persian Gulf War in 1991 was shouldered by many of our
willing
allies. That's not so today. Now, more than ever, the dollar
hegemony-- it's dominance as the world reserve currency-- is
required to
finance our huge war expenditures.
This $2
trillion never-ending war must be paid for, one way or another.
Dollar hegemony provides the vehicle to do just that.For the
most
part the true victims aren't aware of how they pay the bills.
The license
to create money out of thin air allows the bills to be paid through
price inflation. American citizens, as well as average citizens
of Japan, China, and other countries suffer from price inflation,
which represents the "tax" that pays the bills for
our military adventures.
That is until the fraud is discovered, and the foreign producers
decide not to take dollars nor hold them very long in payment
for their
goods. Everything possible is done to prevent the fraud of the
monetary system from being exposed to the masses who suffer from
it. If oil
markets replace dollars with Euros, it would in time curtail
our ability to continue to print, without restraint, the world's
reserve currency.
It is an
unbelievable benefit to us to import valuable goods and export
depreciating dollars. The exporting countries have become addicted
to our purchases for their economic growth. This dependency makes
them allies in continuing the fraud, and their participation
keeps the
dollar's value artificially high. If this system were workable
long term, American citizens would never have to work again.
We too could
enjoy "bread and circuses" just as the Romans did,
but their gold finally ran out and the inability of Rome to continue
to plunder
conquered nations brought an end to her empire.
The same
thing will happen to us if we don't change our ways. Though we
don't occupy foreign countries to directly plunder, we
nevertheless have spread our troops across 130 nations of the
world. Our intense effort to spread our power in the oil-rich
Middle East is
not a coincidence. But unlike the old days, we don't declare
direct ownership of the natural resources-- we just insist that
we can buy what
we want and pay for it with our paper money. Any country that
challenges our authority does so at great risk.
Once again
Congress has bought into the war propaganda against Iran, just
as it did against Iraq. Arguments are now made for attacking
Iran economically, and militarily if necessary. These arguments
are all based on the same false reasons given for the ill-fated
and costly
occupation of Iraq.
Our whole
economic system depends on continuing the current monetary arrangement,
which means recycling the dollar is crucial.
Currently, we borrow over $700 billion every year from our gracious
benefactors, who work hard and take our paper for their goods.
Then
we borrow all the money we need to secure the empire (DOD budget
$450 billion) plus more. The military might we enjoy becomes
the
"backing" of our currency. There are no other countries
that can challenge our military superiority, and therefore they
have little choice
but to accept the dollars we declare are today's "gold."
This is
why countries that challenge the system-- like Iraq, Iran and
Venezuela-- become targets of our plans for regime change.Ironically,
dollar superiority depends on our strong military, and our strong
military depends on the dollar. As long as foreign recipients
take our
dollars for real goods and are willing to finance our extravagant
consumption and militarism, the status quo will continue regardless
of
how huge our foreign debt and current account deficit become.
But real
threats come from our political adversaries who are incapable
of confronting us militarily, yet are not bashful about confronting
us economically. That's why we see the new challenge from Iran
being taken so seriously. The urgent arguments about Iran posing
a
military threat to the security of the United States are no more
plausible than the false charges levied against Iraq. Yet there
is no effort to
resist this march to confrontation by those who grandstand for
political reasons against the Iraq war.
It seems
that the people and Congress are easily persuaded by the jingoism
of the preemptive war promoters. It's only after the cost in
human life and dollars are tallied up that the people object
to unwise militarism.
The strange
thing is that the failure in Iraq is now apparent to a large
majority of American people, yet they and Congress are acquiescing
to the call for a needless and dangerous confrontation with Iran.
But then
again, our failure to find Osama bin Laden and destroy his network
did not dissuade us from taking on the Iraqis in a war totally
unrelated to 9/11.
Concern
for pricing oil only in dollars helps explain our willingness
to drop everything and teach Saddam Hussein a lesson for his
defiance in demanding Euros for oil instead of dollars. That
was his only blunder or he would still be ruling Iraq today.
If Saddam had
just kept
accepting dollars for his oil there is no doubt that the USA
would have left him alone. When we took Iraq by force the first
official
act was
to start trading oil using only dollars once again which they
indeed now do as I give this speech.
The private
corporation for profit called the Federal Reserve Bank needed
Saddam removed from power so it could keep the American
people paying
over one trillion dollars a year to a national debit that does
not need to exist in the first place. The federal government
can
print interest
free money by simply using the US treasury to print it debit
free yet this fraudulent corporation called the Federal Reserve
Bank continues
to extort
over one trillion dollars a year in interest from the purses
and wallets of the American people. Saddum by demanding euros
for his oil was major
threat to
the stability of the Federal Reserve Banks junk money and their
entire scam. When the Federal Reserve Bank is finally abolished
and the U.S.
treasury
once again takes over the job of printing debit free money we
will look back and see the Federal Reserve Bank as the crime
of the century.
$54,000,000,000,000
in tax payer dollars stolen by a private bank incorporated in
Delaware, charging interest on money it pulls out of thin air.
The network
of corruption needed to keep Federal Reserve Bank alive and well
at this late date is simply mind boggling.
And once
again there's this urgent call for sanctions and threats of force
against Iran at the precise time Iran is opening a new oil
exchange with all transactions in Euros.
Using force
to compel people to accept money without real value can only
work in the short run. It ultimately leads to economic dislocation,
both domestic and international, and always ends with a price
to be paid.
The economic
law that honest exchange demands only things of real value as
currency cannot be repealed. The chaos that one day will
ensue from our 35-year experiment with worldwide fiat money will
require a return to money of real value. We will know that day
is
approaching when oil-producing countries demand gold, or its
equivalent, for their oil rather than dollars or Euros. The sooner
the better.
ITANIMULLI.COM
IT IS JUST
A REDIRECT SCRIPT
Anyone can buy a domain and do a simple redirect to nsa.gov...
...but that
is hilarious!
Here is the evidence that it is more CIA B.S. (misinformation
to make people look stupid)
Domain servers in listed order:
NS45.DOMAINCONTROL.COM
NS46.DOMAINCONTROL.COM
For complete
domain details go to:... Read more
http://who.godaddy.com/whoischeck.as...I
But more interesting
details on the dude can be found if you check the data on ITANIMULLI.ORG
http://www.dandomain.dk/produkter/do...i
ITANIMULLI.COM
belongs to a John Fenley:
Registrant:
John Fenley
Registered
through: GoDaddy.com, Inc. (http://www.godaddy.com)... Read more
Domain Name: ITANIMULLI.COM
THE TRUTH
You will
have to learn THE TRUTH by yourself, I can't tell you, it means
nothing coming from me. You have to find it on your own.
HERE GOES:
The NEW WORLD
ORDER is the LARGEST conspiracy group of Capitalist Billionaires
ever assembled
in the world FOR THE PURPOSE of stopping Global Communism.
If you really
want to become a THREAT to the NWO start teaching Communism,,,,
Not because you believe in
it but because
it scares the HOLY SHIT out of those guys at the CIA and the
NWO....... That's the truth!!!!!
The REST
is the most elaborate CIA cover-up in world history....
The CIA distributed
MOST of this misinformation through radical Christian groups
for the past 60 years.
"in
order to control the flow of information YOU MUST BECOME YOUR
OWN WORST ENEMY"
J. Edgar
Hoover (on disinformation)
9-11
Tired
of the old 9-11 conspiracy
story?
Want to
hear a REALLY good 9-11 conspiracy story???
The 1993
world trade center bombing so weakened the structure that
The building
needed to be Demolished. In 1993 building inspectors
were paid-off
to certify that the building was "SOUND"
Over the
last 8 years the weakened foundation began to crack and
this is
why a large area of the under ground parking area never reopened
to the public.
One contractor gave a Demolition estimate at $2,170,000,000
to dismantle
the building piece by piece and also they figured $387,000,000
in legal fees
to move
all the companies out, find new offices and litigate the 28,000
broken leases.
This contractor
died in an auto crash in July 2001, his office burglarized and
burned.
This world
trade center was built and owned by the Rockefeller family.
Rather then
spending billions to dismantle the damaged building they ended
up
getting
the largest insurance check in
world history for $38,500.000.000
(disclosure
signed and sealed)
Freedom was lost and democracy became
Potatoes and
chickens offer the most food per acre of land (calories). A 50'
by 100' back yard devoted exclusively to growing Potatoes and
keeping chickens could feed a family of 5 indefinitely. It is
not much but it is easily doable and knowledge that must be spread.
Ask the
old Presidents
Welcome to
the
The
Neo-Roman / American Experience
"In Germany,
they came first for the Communists, And I didn't speak up because
I wasn't a Communist;
The Freedom And Opportunity Society
Is The Rebirth Of The
New World Roman Empire Upon Us?
73,846
U.S. TROOPS DEAD !
Afghanistan
is always been about the OPIUM and who controls its flow!
ever could i
