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
