You Are Being Lied To By The Entire Financial System

Stretch

House Member
Feb 16, 2003
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You Are Being Lied To By The Entire Financial System


Thursday, 13 May 2010 09:25



'Almost every US Corporation will do and say anything to keep us spending money, regardless of what they know about the fragility of our entire financial system. Bankster’s are now using world governments as patsies to commit the largest heist in world history. Stealing a trillion dollars from US citizens proved to be too difficult, as they had to receive congressional approval to bail themselves out. They’re recent scam involves using central banks to bypass democracy & funnel money to offshore entities without oversight.
So-called financial experts and analysts in the U.S. who never warned us about the financial/debt crisis are now putting out propaganda regarding our risk and exposure to the EU bailout. If you don’t see what’s happening, let me reveal it to you: Banksters are skirting US regulation & the US Constitution to ship money offshore to foreign central banks. The US Treasury is the pawn Bankster’s have chosen to filter $50 billion to the IMF —– like a thief in the night. Bankster’s will never tell you the truth about our economic outlook because if they did, we’d all default on our mortgage loans and stop spending money altogether.
The US Government doesn’t want you to know the truth either, nor do they want you to know that they’re funneling taxpayer money to foreign banks.'
Read more: You Are Being Lied To By The Entire Financial System
 

Liberalman

Senate Member
Mar 18, 2007
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The American government has more than enough gold in reserves.

We have to remember that this economic crises in America is fueled on the stock market
 

Stretch

House Member
Feb 16, 2003
3,924
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the fed continually printing money doesnt help.
the aussie government, some yrs back sold all its gold reserves but no-one knows who too or why. it was done "under the table".
 

coldstream

on dbl secret probation
Oct 19, 2005
5,160
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The entire construct of Economic Liberalism - Free Trade, Monetarism, Free Market Capitalism (privatization, deregulation) has become untenable. It is collapsing around the world.

It has polarized wealth by deindustrializing the West, transferring production to sweat shops in the developing world. It has transferred the world wealth from producers to traders, speculators and bankers.

The most insidious aspect of Free Trade, is its subsidiary of Monetarism, Free Trade in Currency and Credit.. that has de-nationalized the national prerogative of maintaining the value of its currency, and establishing credit policies to foster employment, and investing in enterprise for the common good.

The derivatives crisis, Greece, are just nubs of encroaching economic collapse which will reflect the complete lack of order and integrity in the financial system to which Liberalism has led us.
 
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dumpthemonarchy

House Member
Jan 18, 2005
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It struck me the the US dollar hasn't always been the benchmark currency, before that it was gold and the UK pound. It has been the benchmark for as long as I can remember. I believe we are in a transition period and the US dollar will be dethroned in several years for something else. There is just too much volatility. Business not too long ago smugly worshiped "certainty" which is now just a memory.

The US buck is in play. Change is coming, you heard it here first.
 

coldstream

on dbl secret probation
Oct 19, 2005
5,160
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The U.S. Dollar became the benchmark in the 1970s when the Bretton Woods was dismantled by the Nixon Administration. The Treaty maintained the primary world currencies at a standard price of gold, and established narrow trading ranges for currency exchange.

The BW Agreement allowed individual governments to tailor trading and investment policies in the interests of full and fairly compensated employment and integrated industrial economies in their home nations.

The rescinding of Bretton Woods has led to currency values being established in an international trading casino, completely amoral, driven by greed that targets and undercuts entire national economies in the interests of the profit of hedge funds.

In the 1970s it led immediately to 'stagflation', followed by a deliberate stifling of economic vigour by high interest rates (to control inflation), and dumping of foreign goods produced at a fraction of national wages to compensate for declining industrial production.

It has robbed individual nations of the sovereign right to establish currency values and credit policies in their own best interests. In concert with Free Trade it has turned national economies over to the gangsters and goons of the trading houses.

It is a gigantic shell game, run in the interests of an ever narrowing group of oligarchs. It has been a disaster and it is unsustainable..
 
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petros

The Central Scrutinizer
Nov 21, 2008
108,915
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Low Earth Orbit
I'm studying alchemy, so right now i only have pencils to experiment with!
A Hermetic are ya? The Goetia (The Lesser Key of Solomon) is fascinating and very enlightening when it comes to the parallels between alchemy and the rites of the church and synagogue.
 

barney

Electoral Member
Aug 1, 2007
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[youtube]<object width="480" height="385"><param name="movie" value="http://www.youtube.com/v/CGfcY7IHkX4&hl=en_US&fs=1&"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><embed src="http://www.youtube.com/v/CGfcY7IHkX4&hl=en_US&fs=1&" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="480" height="385"></embed></object>[/youtube]

[Added the YouTube link so you can watch it directly (couldn't get CCF to accept the original video's embed code) --although I'd recommend checking out the site anyway.]

www.democracynow.org/2009/4/13/noam_chomsky_on_the_global_economic


Here's an interview with Noam Chomsky on 'Democracy Now', quickly outlining how the financial system works in the US (and in the western world).

(A highly-regarded alternative media show that I would recommend for those who easily tire of conspiracy theories but have trouble getting the facts from the mainstream media.)

Chomsky talks about the concept of US-style "nationalization", contrasting it with drastic IMF measures in the Third World and also goes into the role of the mainstream political parties in maintaining this highly elitist and protectionist system.

(The interview starts about 10 min. into the show.)

The Canadian financial system functions along more or less the same general lines and you will see parallels between our own privatization/deregulation trend as well as our politics.
 
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dumpthemonarchy

House Member
Jan 18, 2005
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I read while surfing that none of the guys on Wall Street have expressed any kind of remorse for what they have done. Guys knew they were selling absolute crap and they just continued. Then when they get hauled before Congress, it is always someone else's fault. Same with BP.

A kind of dues ex machina financial terminator system they got going in the USA.
 

eh1eh

Blah Blah Blah
Aug 31, 2006
10,749
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Under a Lone Palm
Be careful. You will accept what is.
JFK tried to institute a parallel 'silver standard' and actually started issuing government bonds based on this. Do you think 'The Fed' approved?
Look what happened to him.
 

coldstream

on dbl secret probation
Oct 19, 2005
5,160
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Chillliwack, BC
Noam Chomsky comes from roots of Anarchistic philosphy that thrived in Jewish ghettos of the 1930s. He can provide penetrating analysis of the evils of modern corporatism and its corruption of government. But i've never seen any of his addresses or writings that provide a viable alternative.

He sees nations and institutions in general as inevitably corrupt. In this way he has stronger affinity to anti-government movements (including the Tea Party), with its individualistic focus, than to either true conservatism or true socialism.

The crisis the world faces now can not be addressed without a reinstitution of the nation state, truly representative, sovereign (especially in trade and money), transparent as to motives, responsible to the electorate alone in regulating and supervising institutions to ensure an equitably shared, integrated and growing base of economic wealth.

Chomsky can define the problem, but can't provide a solution from his vantage point.
 

dumpthemonarchy

House Member
Jan 18, 2005
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Be careful. You will accept what is.
JFK tried to institute a parallel 'silver standard' and actually started issuing government bonds based on this. Do you think 'The Fed' approved?
Look what happened to him.

The USA should dissolve the fed ASAP.

http://www.marketoracle.co.uk/Article4166.html

On June 4, 1963 , Executive Order 1110 was signed by President Kennedy directing the US Treasury to issue a new US currency. This new US currency was to be backed by a precious metal—silver, unlike the credit-backed money issued by the Federal Reserve since 1913.

In 1913, as a result of intense lobbying by business and banking interests, the US government had turned over the power to issue US currency to a group of private bankers—the Federal Reserve Bank. Many believe this transfer was unconstitutional. US presidential candidate and Congressman Ron Paul (ranking member of the House Subcommittee on Domestic Monetary Policy) has stated:

The United States Constitution grants to Congress the authority to coin money and regulate the value of the currency. The Constitution does not give Congress the authority to delegate control over monetary policy to a central bank. Furthermore, the Constitution certainly does not empower the federal government to erode the American standard of living via an inflationary monetary policy.

The power to coin money and regulate the value of the currency is among the most important responsibilities and functions of government. That the US government in 1913 turned over this public function to a group of private bankers is astounding.
As a consequence, almost one hundred later, the US and its citizens are now on the edge of bankruptcy, indebted up to their eyeballs to the very bankers they gave the power to coin their money and regulate their currency, private bankers who are even now being bailed out by America taxpayers with money made available to them by their fellow-bankers at the Federal Reserve.

For almost one hundred years in America , private bankers through the Federal Reserve Bank have had a monopoly on the printing and issuance of US currency. In that time they have inflated the US money supply to such a degree the US dollar has lost 95 % of its purchasing power and again brought the nation to the edge of economic ruin.

In 1963, fifty years after the Fed acquired the right to print, issue and inflate the money supply of the US , President John F. Kennedy quietly transferred that power back to the US Treasury, the only institution which the constitution had granted the power to coin and regulate currency. Rest assured that transference did not go unnoticed by the private bankers and the Fed.

US Presidential candidate Ron Paul has introduced legislation during each Congress to abolish the Fed (H.R. 2755 - 110th Congress, H.R. 2778 - 108th Congress, H.R. 5356 - 107th Congress, H.R. 1148 - 106th Congress). His inability to attract congressional support, however, is in all likelihood his Washington DC life insurance policy. Morto uomini non causano problemi, [ sic it. Dead men don't cause problems].
…we have in this country one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board and the Federal Reserve Banks. The Federal Reserve Board, a Government board, has cheated the Government of the United States and the people of the United States out of enough money to pay the national debt. These twelve private credit monopolies were deceitfully and disloyally foisted upon this country by the bankers who came here from Europe and repaid us for our hospitality by undermining our American institutions...The people have a valid claim against the Federal Reserve Board and the Federal Reserve banks.

Congressman Louis T. McFadden, Chairman of the House Committee on Banking and Currency from 1920–31
 

dumpthemonarchy

House Member
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The American government has more than enough gold in reserves.

We have to remember that this economic crises in America is fueled on the stock market

The US hasn't done a public audit of its gold reserves for 50 years.

http://www.marketoracle.co.uk/Article4166.html

Prior to Eisenhower's presidency in 1952, the US was the wealthiest nation in the world. As the largest industrial power, the US enjoyed a positive balance of trade with its partners. Before Eisenhower assumed office, the US had gold reserves totaling almost 22,000 tons, the most gold any nation had ever possessed.

When Eisenhower left office, however, it is uncertain how much gold remained; because after 1954, the US never allowed a public audit of its gold reserves. As the US then sold more goods abroad than it bought, US gold reserves should have increased. Instead, they declined. In one year alone, 1958, US gold reserves were reduced by 10 %.

The powerful forces that controlled America were spending so much of America 's wealth on overseas military and corporate expansion that gold was flowing out faster than trade could bring it in. Indeed, the profligate spending responsible for America 's loss of gold and consequent debt began during Eisenhower's presidency.
 

Liberalman

Senate Member
Mar 18, 2007
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The exact amount of gold would be under national security because you want to keep your enemies guessing on your power.