-AFTER THE GLOBALISTS STEAL YOUR BANK ACCOUNT, WHAT’S NEXT?
-The REAL Weapon of Gov’t Tyranny – Global Debt Economy – IRS Seizes Accounts of Innocent US Citizens
18 Nov, 2014 by Dave Hodges
This is the third part of the series will discuss how the globalists will not stop with the theft of your bank accounts and will quickly include your retirement accounts, your homes and ultimately the globalists will seek to control your one remaining asset, your personal labor.
Enter the Secretary of Treasury, Jack Lew, An Economic Hitman
Congress is back in session and what are they talking about? One of the topics is raising the debt ceiling. The Treasury Department once again is taking federal retirement programs to buy the government more time to increase the nation’s debt ceiling. And why does the government need to raise the debt ceiling? The debt ceiling must be raised for two reasons, (1) in order to fund the banker-inspired wars of occupation and, (2) to continue to fund the largest wealth transfer in history, the bailouts. And just who is behind this nonsense? The Banksters from Basel are pulling the strings and Goldman Sachs is executing the plan. Also, the very close friends of Goldman Sachs over at Citigroup now have their henchman in charge of the continuing rape of America’s resources by Wall Street and he is Treasury Secretary Jack Lew.
Normally, the position of the Secretary of the Treasury is held by an alumni of Goldman Sachs (e.g. Hank Paulson). However, the latest Treasury Secretary is from Citibank. Why? Let me be clear, and Lew you can sue me if this not true, it is a fact that Obama appointed one of the criminals who had a major hand in bringing down the economy to run the country’s finances. While at Citigroup, Lew oversaw 113 tax evading accounts in Cayman Island banks. Based upon Lew’s resume, hedge funds for Citigroup where he lost almost 600 million dollars, one can only assume that is why Obama has appointed Lew to finish the job which will leave you and I with nothing.
I know that some of you would say that “There would be a revolution if the government ever dared to take our retirements. At least the citizens of Greece rioted because they understand what happened to them. Our sheeple still hide behind the security blanket belief that “they would never do that.” Lew was made the Secretary of the Treasury because he would do “that”, he has done “that” and he is going to do “that” to you.
Jack’s Criminal Background
When one wants to commit a murder, one hires a hitman. When one wants to kill the economy of a nation and rape the citizens of that nation of all of its assets, one hires an economic hitman. This is what the globalists have done by going outside the tradition stranglehold of a Goldman Sachs alumni holding the position of the Secretary of the Treasury and they have brought in economic hitman, Jack Lew, from Citigroup. As I have stated, Lew was an overseer of hedge funds. You know, the hedge funds originating from the actual criminals that collapsed the economy in 2008. This is who Obama selected to run the economy. So, why does this bear repeating?
Last year, Lew announced that the government was taking the unprecedented action of avoiding governmental default through the last summer by including tapping into and suspending investments into the Civil Service Retirement and Disability Fund and halting the daily reinvestment of the government securities (G) fund, the most stable offering in the Thrift Savings Plan‘s portfolio. That is right my federal Civil Service employee friends, your retirement is in jeopardy!
Beginning in 2012, the Federal Reserve began to purchase $40 billion dollars in Mortgage Backed Securities as part of QE3. Isn’t interesting that QE 3 has been tapered and this just happens to coincide with the notice that the G20 has declared that your bank account does not contain any money, which allows them to not compensate you when the banks begin to fail. This G20 action constitutes a form of QE4 by stealth. This undeclared QE4 will lead to a complete asset forfeiture by the general public. This will be the largest wealth transfer in history.
We have long heard that bankers that have hijacked the government would commence stealing our private wealth through seizing bank account funds and this will be quickly followed by the theft of the pension funds and this is exactly what the chief bankster, Jack Lew, is implementing.
The globalists plan to step up the MERS mortgage fraud as every month. And the seizure of bank accounts will occur incrementally as it has been the case in other countries. Certainly, George Soros money movements away from the American megabanks, over the past year, signals a major reason for concern by American account holders. Soros knows what is coming and now you do too.
Attention Federal Employees
The federal employees G Fund is invested in interest-bearing Treasury securities (i.e. bonds) that make up the public debt. The Civil Service Retirement Fund finances benefit payments under the Civil Service Retirement System and the basic retirement annuity of the Federal Employees’ Retirement System, and those investments are made up of securities also considered part of the public debt. In other words, for you people who have cushy federal government jobs, Lew is telling you that the government controls your retirement.
They own it and they own you. And you people who thought serving the New World Order was a such a good idea, are you reconsidering your loyalties now?
Military and law enforcement personnel should take note on how you will be treated for your subjugation of the American people.
Grand Theft Kremlin
I laugh at those who think that Putin is somehow independent of the Banksters. Putin is as controlled by the banksters as is President Obama and his intended theft of Russian retirement accounts is living proof of this statement.
Late last year, Russian Prime Minister Dmitry Medvedev told his finance ministers that the Russian government was “temporarily” seizing $7.6 billion in savings from non-state pension funds while it carries out inspections to insure that the money Russians channel to private pension funds, is safe. To do this, it seized 244 billion rubles (i.e. $7.6 billion) from private, non-governmental pension funds and forcibly, but only “temporarily” place them into the Russian government state pension fund.
Russian authorities claim that they will only hold the retirement money for awhile (i.e. a year) while they check to see that banking institutions are sound. We have passed the previously set year deadline and the Putin still has the Russian retirement money. To you journalists who work such outlets as “Voice of Russia”, Putin just stole your retirements. Aren’t you going to report it? It is hard not believe that this retirement money will not be applied to invading and occupying Ukraine as well as continuing to buy gold in order to purchase Iranian oil.
The Russian government explanation of why they need to seize retirement funds does not even constitute a good cover story. Many analysts state that the “temporary” borrowing of Russian pension funds by the government looks more like a case of government“ confiscation” of these private funds.
Former Russian finance minister, Alexei Kudrin, has stated that if the government is not intent on spending these retirement funds, then why are they banking the retirement money?
Government controlled companies have expressed a negative reaction to the “borrowing” of Russian retirement funds. Most experts agree that the Russian government is making Russia a very unattractive place to invest given this new development. This apparent reckless action by the Russian government makes no sense unless the Russians, like the American bankers are attempting to acquire as many hard assets as possible before the coming collapse of the banks.
Loving Your Enslavement
When the globalists are done stealing all of your hard assets, then they are coming after last remaining asset, namely, your personal labor. According to Obama’s EO 13603, the President, or the head of any federal agency that he shall designate, can conscript “persons of outstanding experience and ability without compensation,” in both “peacetime and times of national emergency.” I can hear the Obama supporters now as they will write to me and say, “Obama would never do that, you are drinking from the Kool-Aid”. Well, here it is, you can read it for yourself.
Sec. 502. Consultants. The head of each agency otherwise delegated functions under this order is delegated the authority of the President under sections 710(b) and (c) of the Act, 50 U.S.C. App. 2160(b), (c), to employ persons of outstanding experience and ability without compensation and to employ experts, consultants, or organizations. The authority delegated by this section may not be redelegated.
This means that Obama, and his fellow communists, can seize any resource, property, or person at any time for any reason, including being able to force that person to perform assigned labor without being paid.
There is only ONE word for forced, “uncompensated employment”. That word would be “slavery”. Congratulations President Obama, you have effectively repealed the 13th Amendment to the Constitution.
Section 601 of the act specifies, in part, how far the government can go in terms of making you their slave.
Sec. 601. Secretary of Labor. (a) The Secretary of Labor, in coordination with the Secretary of Defense and the heads of other agencies, as deemed appropriate by the Secretary of Labor, shall:
(1) collect and maintain data necessary to make a continuing appraisal
of the Nation’s workforce needs for purposes of national defense;
(2) upon request by the Director of Selective Service, and in coordination
with the Secretary of Defense, assist the Director of Selective Service
in development of policies regulating the induction and deferment of
persons for duty in the armed services;
(3) upon request from the head of an agency with authority under this
order, consult with that agency with respect to: (i) the effect of contemplated
actions on labor demand and utilization; (ii) the relation of
labor demand to materials and facilities requirements; and (iii) such other
matters as will assist in making the exercise of priority and allocations
functions consistent with effective utilization and distribution of labor;
(4) upon request from the head of an agency with authority under this
order: (i) formulate plans, programs, and policies for meeting the labor
requirements of actions to be taken for national defense purposes; and
ii) estimate training needs to help address national defense requirements
and promote necessary and appropriate training programs
“to employ persons of outstanding experience and ability without compensation and to employ experts, consultants, or organizations”.
This, my fellow Americans, is a civilian conscription and this is why the Secretary of Labor is in charge instead of the head of the Selective Service! Under these provisions, the government believes that they can send you anywhere, to work on anything of their choosing.
If the above section was merely going to be a military draft, then the Secretary of Labor would not have to be involved. However, as you will note the “Secretary of Labor, in coordination with the Secretary of Defense and heads of other agencies, as deemed appropriate by the Secretary of Labor, shall:
“…assist in the development of policies regulating the induction and deferment of persons for duty in the armed services;… formulate plans, programs, and policies for meeting the labor requirements of actions to be taken for national defense purposes; and (ii) estimate training needs to help address national defense requirements and promote necessary and appropriate training programs…”. Refer back to section 502 of sections 710(b) and (c) of the Act, 50 U.S.C. App. 2160(b), (c); these are the people that the Secretary of the Labor will conscript in order “to employ persons of outstanding experience and ability without compensation and to employ experts, consultants, or organizations”.
This, my fellow Americans, is a civilian conscription (i.e. slavery) and this is why the Secretary of Labor is in charge instead of the head of the Selective Service! Under these provisions, the government believes that they can send you anywhere, to work on anything of their choosing.
For you people who thought serving the New World Order was such a good idea, are you reconsidering your loyalties now? You NSA guys who are spying on us right at precisely this minute, do you think your pensions are safe? To you potbellied perverts from the TSA, do you think your retirement will be there when you are done groping our wives and children on behalf of the globalists who seek to dehumanize the traveling public? How’s that Kool-Aid tasting about now?
Part One of this series dealt with the fact that the G20 has declared that your “money” in the bank, is not “money” anymore and is subject to not being covered by the FDIC as it was in the past. http://www.thecommonsenseshow.com/2014/11/16/the-money-in-your-bank-account-was-stolen-this-morning/
Part two discussed how the theft of your bank account will occur incrementally in order to avoid a violent backlash from the public.
The fourth and final part of this series will look at the limited solutions that the general public has at their disposal.
David Stockman Interview : The Bubble Is Global And Its Already Popping
November 17, 2014 by David Stockman
David Stockman, the outspoken former Reagan budget director and bestselling author of “The Great Deformation,” sits down with Hedgeye CEO Keith McCullough to discuss a number of important subjects in this wide-ranging interview including consequences of what the Fed is currently doing and why a global recession may be in store.
00:50 We Are In A Fantastic Bubble
2:21 The Most Important Price In Capitalism Is The Price of Money
4:37 Japan Panics…Is The Bubble Popping?
6:06 Trillions In Speculation And EM Debt = An Accident Waiting To Happen
7:49 China Is A House Of Cards And Europe Is Dead In The Water
9:16 Washington Will Say “We Didn’t See This Coming”
12:48 People Don’t Trust Financial Media
14:04 Consequences Of The Fed
16:01 Republicans Didn’t Understand The Real Enemy Was The Fed
17:13 Will Anyone Fire Yellen?
18:44 The Fed Has Been Inflating The Bubble
20:11 When The Bubble Bursts…
23:40 Critics Know That We Are Right
26:06 Will The Dogmatic Media Change?
27:13 A Crash Or A Generational Shift?
How to Demonize Gold? Make it the Preferred ISIS Method of Exchange
November 11, 2014 by Damon Geller
As talk of serious gun control dominates our politics and media, many people are warning of an assault on our Second Amendment and the threat of government tyranny if we civilians are disarmed. Tragically, government tyranny is not a future nightmare; government tyranny is a reality here and now. And in the 21st century, the tyrants don’t care if we have guns or not. The weapons they’re using to tyrannize us don’t have a chamber or a barrel – the real weapons of tyranny do not involve guns and cannot be halted by guns. Rather, the real weapons of tyranny slowly bankrupt us and threaten our future and security. And there’s only one true “protector” that rises to our defense.
Taxation by Inflation
While the country is force-fed the fight over gun-control by the media like a poisonous potion, we’re looking at an impending debt BOMB that will inevitably bankrupt this nation, finish-off the gutting of our middle class and our retirees, and ultimately tax everyone to the moon. The real tyranny people need to be protecting themselves from in a big way is the unchecked tyranny of central banks and their monetary destruction.
The Fed debases your currency on a daily basis to steal wealth through an unfair and unconstitutional taxation called inflation. Central banks are the monetary cornerstone of an essentially Communist system. Gun rights may indeed be worth fighting over, but even without gun control, you’re already being subjugated by your own government and The Fed now. A gun isn’t going to protect you from current monetary tyranny or keep you from having your wealth robbed by a collection of sociopaths that have taken over our political, financial and economic systems.
How Do You Protect Yourself From This Type Of Tyranny?
You move some of your wealth out of government controlled “fiat” currency, which can be printed all day, and into a hard asset that has protected people against government money corruption and government created inflation for thousands of years. You must hold some hard gold and silver to protect yourself during times like these.
The Debt and Debasement of Currencies will Never Stop
Yes, The Land of The Free is set to impose gun rights restrictions. I would argue, much more importantly, no one is talking about fiscal restrictions or central bank control. The United States Government constantly teeters on the verge of defaulting on its mountain of debt. The German Central Bank has announced that they will withdraw their massive gold holdings from the United States and repatriate it in an unprecedented move that clearly indicates central banks around the world don’t trust each other – and specifically don’t trust the US Federal Reserve or The US Treasury, both of whom have refused to allow gold audits for years.
We exceeded the US debt-ceiling of $16.39 trillion on Jan 1, 2013. The arguing hasn’t even begun yet, but the Treasury has already said it will begin tapping civil servant retirement funds because Congress has not yet raised the ceiling and we’re BROKE. For a little history, Gold ran from $1500/oz. to $1900/oz. in a three-month period from June to September, 2011 the last time the politicians had a big fight over a debt ceiling. The US also came very close to losing its credit rating. During times of corrupt monetary policy, rogue governments and a corrosion of public confidence in our political, economic and financial systems, one must own the one asset that detaches your wealth from all of them: hard gold and silver.
They WILL Raise the Ceiling
As Citigroup has predicted, “First Complacency, Then Horror” is the current and common path through these fiscal messes. Asset markets are likely to ignore the debt ceiling until the last minute, or even later, and then rather than being proactive people, we will be stuck in reactive panic.
There is no choice but to raise the debt ceiling. And debt is a self-imploding monster with a set path. The only question is not if but when the DEBT-BOMB explodes. Raising the debt ceiling (or not raising the debt ceiling) has no effect on spending. Raising the ceiling simply allows the Treasury to pay for spending that congress has already approved. The bottom line is, debt cannot be reduced, period. We don’t pay the compounding interest on our debt; we borrow more money and add it back into the deficit.
The Treasury has debt running up to $28 trillion by 2018. That’s a $1.5 trillion deficit per year (plus compounded interest) for 6 years. Gold and gas prices follow debt. If the cost of gasoline to move your car (or get food to your area) is going to double by 2018 as debt doubles, so will gold. That means gold is protecting your purchase power against the coming debt bomb and the inflation that will follow.
Here’s the correlation between Debt, Gold and Gas since 2005:
2005 US Debt = 7.6T | Gold = $430/oz. | Gas = $1.82/gallon
2006 US Debt = 8.1T | Gold = $520/oz. | Gas = $2.28/gallon
2007 US Debt = 8.7T | Gold = $635/oz. | Gas = $2.40/gallon
2008 US Debt = 10.7T | Gold = $875/oz. | Gas = $2.90/gallon
2009 US Debt = 10.6T | Gold = $855/oz. | Gas = $2.75/gallon
2010 US Debt = 12.3T | Gold = $1,100/oz. | Gas = $2.80/gallon
2011 US Debt = 14T | Gold = $1,320/oz. | Gas = $3.15/gallon
2012 US Debt = 15.2T | Gold = $1,540/oz. | Gas = $3.40/gallon
2013 US Debt = 17T | Gold = $1,580/oz. | Gas = $4.50/gallon
And here’s where we’re going:
2014 US Debt = 18.8T | Gold = $2,200/oz. | Gas = $5.00/gallon
2015 US Debt = 21T | Gold = $2,600/oz. | Gas = $6.00/gallon
2016 US Debt = 22.7T | Gold = $3,100/oz. | Gas = $6.75/gallon
2017 US Debt = 25.5T | Gold = $3,575/oz. | Gas = $7.50/gallon
2018 US Debt = 28T | Gold = $3,800/oz. | Gas = $9.00/gallon
And so on, with many outside shots of inflation breaking out, banking systems imploding, currencies failing, or any host of black-swan events that could speed this trajectory.
We Have Passed the point of No Return
As a result of our actions, money printing will accelerate at a much faster pace in order to service that debt and keep interest rates low, which will further drive up the debt. The fact is, debt MUST grow because of compounding interest and spending liabilities, yet it can’t grow forever. At some point in this debt accumulation process we hit a wall; there’s an “end game.” That end game is either when the service on our debt exceeds our income or when the rest of the world stops loaning the US money and the Fed can’t possibly print enough money to support the Treasury market. At that point, rates rise, credit ratings get hit and economic growth literally stops.
Essentially we have passed the point of no return. We are taking a HUGE portion of this nation’s income just to service the interest on the debt we’ve already incurred. Yes, rates are very low, but imagine if you had a $17 trillion credit card bill! Even with rates as low as they can be, the United States spent $133,728,304,681.78 just on interest last year! Most of that interest in simply compounded, added to the debt number and borrowed against. So debt WILL keep growing regardless of gun control, debt ceilings, fiscal cliffs, political discord, banking fraud or literally anything else.
Prepare NOW. There is an End Game
You won’t be worse off for taking control of your retirement. You won’t be worse off for holding some of your hard-earned retirement in hard gold in a jurisdiction where politicians can’t seize it. You won’t be worse off for having some precious metals stashed away close to you and you certainly won’t be worse off for getting at least a meaningful percentage of your wealth out of the “system” and into a hard asset that is not connected to banks, governments, or politicians or that can be debased by central bankers. Hold some of the one global currency that has outlasted every paper currency ever invented and has been a wealth preserver for over 5000 years. You must hold some hard gold and silver in times like these.
IRS Seizes Accounts of Innocent US Citizens
by Damon Geller
The government continues its alarming pattern of confiscating private citizens’ money. First, the Washington Post uncovers how the Justice Department and local police seize money from innocent U.S. citizens. Now comes a new bombshell from the New York Times: the IRS seizes accounts from innocent U.S. citizens without even a shred of due process. Shockingly, the IRS has taken millions of dollars from U.S. citizens despite the fact that, in 80% of the cases, no criminal charges were ever filed. And even more alarming — in a matter of just a few years — these cases of unconstitutional IRS seizures have risen over 500%! Why? Because our state & federal governments are broke, bankrupt and in desperate need of capital. Just like this administration, law enforcement is shredding the Constitution and rule of law. The Police State is now being expanded to unlawfully gain access to citizens’ money. Experts advise that you have only ONE choice if you want to protect your savings and retirement from the eventual overreach of government confiscations and seizures.
Government on the Brink of Disaster
The U.S. government and the Fed pumped trillions of dollars of YOUR money into the banks and stock market over the last several years, catapulting the U.S. debt to $28 trillion by 2018. But now, the U.S. government and the Fed are completely out of ammo, with the Fed no longer able to buy U.S. treasuries. They desperately need money to maintain their own power, and taxes are not enough. So government officials are doing everything they can to keep the Ponzi scheme going, such as seizing the public’s money through inflation, deficits, and outright confiscation.
The 4th Amendment under Siege
The 4th Amendment of the Constitution reads clearly: “The right of the people to be secure in their persons, houses, papers, and effects against unreasonable searches and seizures, shall not be violated.” But according to this shocking New York Times report, the 4th Amendment is under siege.
Unknown to most citizens, the IRS is using a law designed to catch drug traffickers, racketeers and terrorists to seize the bank accounts of innocent U.S. citizens. What reason does the IRS give for stealing money from innocent citizens? Those citizens merely made cash deposits into their bank accounts, so the IRS claims those cash deposits came from criminal activity, despite the fact there is no such evidence of a crime. By law, cash deposits over $10,000 must be reported by a bank to the IRS. But recently, banks have regularly reported cash deposits under $10,000, which the IRS can then claim is suspicious and seize your accounts.
As the New York Times reported, over 100 multiagency task forces comb through bank reports on a daily basis, looking for accounts to seize. Under the Bank Secrecy Act, banks filed more than 700,000 suspicious activity reports in 2013 alone! So do you really think you can trust your local bank? The number of IRS seizures has increased over 500% in just a few years, and in 80% of the cases the IRS never files a criminal complaint against the individual being seized. The median amount seized by the IRS is $34,000, while legal costs can easily mount to $20,000 or more. Individuals who are the victims of seizure often cannot afford to fight.
How big are the accounts the IRS seizes? The following are just a few of the horrifying cases exposed by the New York Times:
– The IRS confiscated $447,000 from a family business in New York
– The IRS confiscated $33,000 from a small restaurant owner in Iowa
– The IRS confiscated $66,000 from an army sergeant in Virginia who was saving the money for his daughter’s college education
This giant asset forfeiture program gives the executive branch of government the authority to confiscate your money without due process, even if you’ve committed no crime! The government has gone after run-of-the-mill business owners and wage earners without so much as an allegation that they have committed serious crimes. The IRS can take the money without ever filing a criminal complaint, and the owners are left to prove they are innocent. Many give up and never get their money back.
Gov’t Confiscation Goes Much Further
Government confiscation of citizen wealth doesn’t stop with seizures by the IRS, Justice Department and local police. As was recently reported, the U.S. government has made several highly controversial moves to nationalize retirement accounts like IRAs, 401Ks, pensions, 403Bs, as well as savings accounts worldwide:
– FATCA requires foreign financial institutions such as banks, stock brokers, hedge funds, pension funds, insurance companies, and trusts to report all U.S. citizens’ accounts directly to the IRS. FATCA even requires reporting to the IRS by foreign private companies on any income made by a citizen of the U.S. whether they live here or not.
– Obama announced the creation of the MyRA – your retirement money will now be used to pay for U.S. debt. MyRA is nothing more than an investment scam being sold to the American people as a you-can’t-lose, zero-risk investment by the pitchman-in-chief himself.
– The Financial Industry Regulatory Authority, which oversees how investments are sold, proposed what it calls CARDS – Comprehensive Automated Risk Data System – which is an electronic system that will regularly collect data on balances and transactions in all 4100 brokerage accounts nationwide.
So for the first time ever, the U.S. government is directing you where to invest your savings & retirement and has gained full access to the activity in every single citizen’s bank accounts, retirement accounts, brokerage accounts and trading accounts. The IRS will also have full visibility on any oversees accounts, income, equity or other earnings, effectively giving them access to all the wealth of every American citizen no matter where they reside on earth.
Protect Yourself from Gov’t Confiscation Now
With our desperate government gaining unprecedented access to your money everywhere in the world, you need to take action NOW to protect your savings & retirement. But if the government has its hands in your bank accounts, retirement accounts, brokerage accounts – and even the cash in your pocket – is any place safe?
Absolutely. There’s ONE asset class this sits outside the financial system and is completely secure from government confiscation and global economic collapse: Gold & Silver. Gold & Silver have been the best wealth protectors for over 5,000 years and have survived every government & currency collapse in history. So with the government spending way beyond its limits and seizing control of your financial accounts, the time is now. Protect your savings & retirement with physical gold & silver before you have nothing left to protect.
How to Demonize Gold? Make it the Preferred ISIS Method of Exchange
Beheaders and crucifiers adopt gold to destroy “oppressors money system”
November 13, 2014 by Kurt Nimmo
The fiat money system hates gold. Banksters love the faith- and fraud-based ability of paper and never tire of dissing currencies based on physical commodities such as gold or silver.
Adopting a gold standard will shut down the printing presses and not allow the financial elite to manipulate the money supply and perpetuate the fractional reserve scam which is a monumental form of embezzlement and thievery.
It turns out the ISIS scam driving the war machine of the state may also serve the propaganda purposes of the financial elite and the central bankers.
The terrorists, beheaders and crucifiers are adopting a gold standard.
From The Daily Mail earlier this week:
While ISIS has yet to confirm the introduction of its currency, social media is awash with claims that leading religious figures announced the plans during recent prayers in Mosul and Nineveh province.
It is believed the terror outfit wants to use the independent currency in areas it controls as part of its war on the West.
Gold and silver will, ISIS insists, destroy “the oppressors money system.”
Fiat money is, as A. E. Fekete noted, a “vampire sucking the blood of productive capital” and a device “to prop up and perpetuate a reactionary and unconstitutional monetary regime that has the effect of exploiting savers, producers, and consumers alike for the benefit of simonious politicians, corrupt bankers, and parasitic bond speculators.”
ISIS, however, as a bastard child of the CIA, an organization established by Wall Street lawyers, is not seriously interested in cutting the legs out from under “the oppressors.” It will, however, lend itself to the public relations campaign aimed at destroying gold and silver.
ISIS gold and silver will not dent the fiat money system in the least. Its adoption by a terrorist army, however, will further the campaign to demonize a gold standard, at least psychologically.
Most folks holding gold and silver will not be taken in by this sort of foolery. They will continue to hold physical commodities because many of them understand intrinsically it protects wealth despite the bankster effort to devalue it.
The Global Debt Economy – Can we Remove Money – Full Documentary
Mar 17, 2014
Countries everywhere are facing debt crises today, precipitated by the credit collapse of 2008. Public services are being slashed and public assets are being sold off, in a futile attempt to balance budgets that can’t be balanced because the money supply itself has shrunk. Governments usually get the blame for excessive spending, but governments did not initiate the crisis. The collapse was in the banking system, and in the credit that it is responsible for creating and sustaining.
Contrary to popular belief, most of our money today is not created by governments. It is created by private banks as loans. The private system of money creation has grown so powerful over the centuries that it has come to dominate governments globally. But the system contains the seeds of its own destruction. The source of its power is also a fatal design flaw.
The flaw is that banks advance “bank credit” that must be paid back with interest, while having no obligation to spend the interest they collect so that borrowers can earn it again and again, as they must in order to retire the debt. Instead, this money is invested in various casinos beyond the borrowers’ reach. This leads to a continual systemic need for more new bank credit money, more debt with more interest attached, to prevent widespread defaults and deflationary collapse.
Today this problem is particularly evident in the EU. The Euro is a fixed currency system that does not allow for expansion to meet the demands of the private lending casino. The result is that EU member nations collectively are being crippled by debt
Related previous post on this blog