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The collapse of the dollar

 
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How long will it take before the dollar will collapse and the Empire with it?
Before the year 2006 is out
0%
 0%  [ 0 ]
Somewhere in the middle of 2007
5%
 5%  [ 1 ]
At the start of 2008
11%
 11%  [ 2 ]
Not before 2010
82%
 82%  [ 14 ]
Total Votes : 17

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Alexander
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Nuclear war is going on right now, with DU
The collapse of the dollar
lets talk about the weather

PostPosted: Sun Jul 16, 2006 6:43 am    Post subject: The collapse of the dollar Reply with quote

I myself have gone through all this with a magnifying glass for the last year. If this is new to you, see what you can pick up from this one first search result page from google, and comment on it.
My advice: if you have any dollars, change them into any other currency before their only use will be to wipe your ass.

Web Results 1 - 10 of about 13,400,000 for collapse of the dollar. (0.20 seconds)

News results for collapse of the dollar - View today's top stories
Jul 14 - Close: NZ dollar steady against US dollar - Stuff.co.nz - 13 Jul 2006
Dollar falls on global woes ahead of BOJ decision - Reuters - 13 Jul 2006
Betting Against The Dollar - Forbes - 13 Jul 2006

The Coming Collapse of the Dollar (Today From Barron's ...A gold expert explains why a massive devaluation of the dollar is inevitable, and how you can profit from it. Be on the lookout for $60-a-barrel oil, ...
www.smartmoney.com/barrons/index.cfm?Story=20041004 - 125k - Cached - Similar pages

DollarCollapse - Your ringside seat for the global financial crisis!DollarCollapse - Your ringside seat for the global financial crisis!
www.dollarcollapse.com/ - 23k - Cached - Similar pages

Amazon.com: The Coming Collapse of the Dollar and How to Profit ...Amazon.com: The Coming Collapse of the Dollar and How to Profit from It : Make a Fortune by Investing in Gold and Other Hard Assets: Books: James Turk,John ...
www.amazon.com/exec/obidos/tg/detail/-/0385512236?v=glance - 123k - Cached - Similar pages

What The Dollar's Collapse Will Mean To The WorldIt will soon bring about the total collapse of the dollar, and the American ... The collapse of the dollar will throw the world into a global depression. ...
www.rense.com/general60/whatthedollarscollapse.htm - 7k - Cached - Similar pages

3 Dollar Collapse Scenarios3 Dollar Collapse Scenarios. Chris Laird. Well with all the dialog now about the foreign holders of US Treasuries and their Catch-22 scenario of holding and ...
www.gold-eagle.com/editorials_05/laird011805.html - 14k - Cached - Similar pages

Collapse of the Dollar--How America Is Being Set UP to Take a FallCollapse of the Dollar: How America Was Set Up to Take a Fall, Soar Home ... You can even remake the local economy around the Liberty Dollar. helping to ...
www.the7thfire.com/debt_elimination/collapse_of_the_dollar.htm - 99k - Cached - Similar pages

THE COLLAPSE OF THE US DOLLARThe collapse of the dollar will reduce America to third world status, ... Yet even as the dollar slides downwards towards collapse, many refuse to believe ...
www.geocities.com/northstarzone/EURO.html - 12k - Cached - Similar pages


Dollar vs Euro: More Collapse or a Rise on the Way?Issue # 428 compares today's dollar vs. the euro, and theorizes that the crash in the dollar appears to be over, and with it a profitable rise in the dollar ...
www.investmentu.com/IUEL/2005/20050414.html - 35k - Cached - Similar pages


Currency | The Coming Collapse of the Dollar and How to Profit ...In The Coming Collapse of the Dollar, Turk and Rubino reveal which stocks ... “A home run here for investors who want to profit from the dollar collapse. ...
www.randomhouse.com/doubleday/currency/catalog/display.pperl?isbn=0-385-51223-6 - 21k - Cached - Similar pages


LaRouche: 50 Percent Collapse Of The Dollar Signals Bankruptcy Of ...LaRouche pointed out that outside of his own candidacy, no- one in the Democratic Party is prepared to deal with the implications of the dollar collapse and ...
larouchein2004.net/pages/pressreleases/2003/031216dollar.htm - 11k - Cached - Similar pages
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PostPosted: Sun Jul 16, 2006 7:34 am    Post subject: Reply with quote

In a scientifically correct poll you would need to add a final option. Your poll assumes a predetermined outcome which defeats the scientific process and betrays your wishful thinking. The final option would be:

Not at all.

You've based the entire poll on the presumption that the articles above are in someway prophetic and will without a doubt come to pass rather than regarding the article as the opinions of the writer. For every writer who believes the events predicted in the articles will come to pass, there are just as many who are of a differing opinion. The articles quoted in the forum are not "gospel" just because they were published.

Again, you are beating a dead horse. You have made your point clearly on every possible occasion. You hate America on general principle. We get it. "America = Evil" regardless of whether America(ns) do something good for the world or whether it is bad. Objectivity is beyond you at this point and "America = Evil". No problem We understand and you are entitled to your opinion. Just because many of us do not agree with you does not mean we did not understand your position. Laughing

Of course if you want to have a little fun with the poll you could also add the "Lyndon Larouche is retarded and hasn't been taken seriously by anyone with an IQ beyond that of cardboard since the 1970's." option for fun. Lyndon Larouche is the butt of about a million jokes told by everyone regadless of their political views in America. Virtually nobody takes him seriously and have not since the 1070's, much like biased conspiracist articles in the International Forcaster. Laughing
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Last edited by DrFaust on Thu Aug 10, 2006 10:55 am; edited 3 times in total
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Alexander
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Nuclear war is going on right now, with DU
The collapse of the dollar
lets talk about the weather

PostPosted: Sun Jul 16, 2006 10:49 pm    Post subject: American foreign policy Reply with quote

US Foreign Policy: Overthrow regimes that won’t take orders from US elitists

THE INTERNATIONAL FORECASTER editor Bob Chapman writes: There is no question a deeply adversarial relationship exists beneath the surface between Russia and the US. Russia’s economic and political assaults are undermining America’s global might. Russia is solvent ... America isn’t, and at current rates of economic growth, Russia could overtake the US as a world power within 10 years.

Russia has pursued stronger military, political and economic relations with countries whose governments have been targeted for regime change by George and the neocons.

Regime change means depose the present government by any means necessary, including assassination if necessary and invasion and occupation if forced too.

Russia has already, as we predicted, caused the collapse of neocon efforts to impose UN-backed sanctions on Iran. Washington neocons still want to invade Iran, but they are being told not to by Illuminists.

George and his cabal just do not get it.

As we said month’s ago, Tehran and Moscow were stalling for time as Russia rushed the latest in military equipment to Iran, so if the US attacks the cost of invasion and men and equipment will be vast.

Russian is also bolstering the defense capabilities of Syria and Venezuela. We have covered Venezuela well in the past in this regard.

In early 2005, President Putin and Syria’s President Bashar al-Assad signed several far reaching deals covering energy, debt, forgiveness and military equipment supplies. Moscow will help develop Syria’s gas reserves and oil resources with substantial investments. Moscow forgave 75% of Syria’s $13 billion debt to Russia. They upgraded their surface-to-air missile system. They also stopped the UN Security Council from imposing a range of new sanctions on Syria. They began work in the Syrian Port of Tartus for a full-scale naval base for the ships of the Black Sea Fleet, currently based in Ukraine’s Sevastopol.

This is the first Russian military base set up outside the CIS since the fall of the USSR and that base will allow Moscow to pursue its own line in the Middle East.
Work has started on the Port of Latakia in Syria. In the near future the Russian Navy will form a squadron headed by the Moskva cruiser, which will permanently operate in the Mediterranean, taking part in joint exercises with NATO forces. These bases will also enhance Syrian security.

It should also be noted that President Putin invited Hamas leaders to Moscow in February and offered substantial financial assistance. This as George and the neocons deemed Hamas a terrorist organization.

Proposed NATO inclusion of Ukraine and Georgia would produce a colossal, geopolitical shift says Moscow, which will cause Russia to make appropriate changes. It is apparent that Moscow views US foreign policy directed not at promoting democracy, but at overthrowing regimes that won’t take orders from US elitists. Russia is now deeply engaged in thwarting regime change efforts and rightly so.

The very actions of the lunatics in the White House have benefited Russia via higher oil and gas prices they could never have imagined otherwise. Russia supplies 15% of the world’s oil and 25% of natural gas. Regime change has brought Russia massive military hardware orders including China.

Three weeks ago, due to American foreign policy errors, Russia with over $150 billion in Forex made the ruble convertible. A ruble-denominated commodity exchange is now underway and it won’t be long before oil and gas are traded for euros not dollars. A far more significant event than Iran trading oil in euros. Consider Russia fulfills 40% of oil and gas demand from Europe.

A major shift from the dollar to the euro for oil and gas sales would dethrone the dollar as the world’s reserve currency.
That would mean that eventually the US wouldn’t be able to recycle its dollar commitments and the dollar would fall substantially in value making imports much more expensive. Seven percent of Russian oil goes to China and 2% to Asia.

Both Iran and Venezuela intend to increase China’s share of their oil exports above 40% by 2010. China has already supplied Iran with very large tankers for oil shipments and agreed to supply Venezuela similar tankers, which are currently scheduled for delivery. By 2012, 20% of the oil trade could be ruble-denominated.

Over that period billions of dollars would be dumped forcing the dollar lower and US costs higher. These moves would force oil prices higher, particularly for US citizens. Higher real oil prices will trigger an additional economic recession. Russia and its friends could ultimately control energy dependent America.

This would make Russia the dominant world power and the American way of life would be gone forever.

Unless there is a major war, the US is headed for second-class status and an entirely different way of life.

Bob Chapman

THE INTERNATIONAL FORECASTER
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Alexander
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Nuclear war is going on right now, with DU
The collapse of the dollar
lets talk about the weather

PostPosted: Sun Jul 16, 2006 10:52 pm    Post subject: American foreign policy Reply with quote

double posting deleted
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PostPosted: Wed Nov 28, 2007 1:08 pm    Post subject: Hedging, Illuminati-style Reply with quote

Oh the dollar will most certainly be massively devalued; even replaced with a new currency... Laughing I know this for a fact. Although not privy to the exact timetable, which is an ever evolving thing, I have been warned to take certain specific actions to mitigate the coming economic storm. I am most fortunate to be aware, both of how all this will be brought to pass, and of the steps necessary to ensure a nice profit & painless transition.


I hope those of you reading this get the message.

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PostPosted: Wed Nov 28, 2007 2:52 pm    Post subject: Reply with quote

No digging up and reviving dead threads, Seeker! I don't know about you, but I don't approve of necromancy.
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PostPosted: Wed Nov 28, 2007 3:14 pm    Post subject: Reply with quote

Laughing

Necromancy is sometimes a legitimate practice; especially when one's motives are beneficent...
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PostPosted: Fri Nov 30, 2007 3:41 pm    Post subject: Reply with quote

I've begun to purchase Euros start of Jan 2007. I believe it will rally even into the next year.

Hmmm... Did any of you folks wonder if there will be a unified Asian currency as well? Time speculated on this back 2001
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PostPosted: Mon Dec 10, 2007 12:38 pm    Post subject: Reply with quote

Never mind the greenback it is a fiat currency backed by military over seas.

http://www.halexandria.org/dward297.htm


Thomas Jefferson is reputed to have said that, “If the American people ever allow private banks to control the issue of their money, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the people of their property until their children will wake up homeless on the continent their fathers conquered.”

Jefferson did not need a crystal ball to see the rise of The Federal Reserve, a private bank which controls the United States’ Money. Jefferson was well aware of the international banksters even in his time. The inevitability of small groups of elite, well-heeled people to group together and prey on their fellow man is not exactly a new thing either.

Black’s Law Dictionary [Sixth Edition, 1991] defines “fiat” as an “A command or order to act. Arbitrary or authoritative order or decision.” “Fiat money” is likewise defined as, “inconvertible paper money made legal tender by a government decree.” Inconvertible to, for example, gold or silver. Made legal only by government decree. “Colored money”, i.e. money with the “deceptive appearance, assumed exterior, concealing a lack of reality.”

Federal Reserve Notes (FRNs) are colored money. They have no value, except by virtue of a government decree -- a decree arrived at under conditions of duress, and thus in all probability invalid. Just as The Decree of Franklin Roosevelt in recalling gold from the hands of the citizenry was under the direction of the international Banksters, the use of FRN’s is a continuation of this directive. This in turn is linked to the US Bankruptcy, the questionable use of Executive Orders, and what has become to be a Crisis in American Government -- including Social InSecurity and the Infernal Revenue Service.

Consider, for example, the response of The Federal Reserve to questions about the validity of this state of affairs. A little research can be very enlightening.

The following dialogue is reputed to be a conversation with a Mr. Ron Supinski of the Public Information Department of the San Francisco Federal Reserve Bank.

GGG"GG"GG""GGG""GG

CALLER - Mr. Supinski, does my country own the Federal Reserve System?

MR. SUPINSKI - We are an agency of the government.

CALLER - That’s not my question. Is it owned by my country?

MR. SUPINSKI - It is an agency of the government created by congress.

CALLER - Is the Federal Reserve a Corporation?

MR. SUPINSKI - Yes

CALLER - Does my government own any of the stock in the Federal Reserve?

MR. SUPINSKI - No, it is owned by the member banks.

CALLER - Are the member banks private corporations?

MR. SUPINSKI - Yes

CALLER - Are Federal Reserve Notes backed by anything?

MR. SUPINSKI -Yes, by the assets of the Federal Reserve but, primarily by the power of congress to lay tax on the people.

CALLER - Did you say, the power to collect taxes is what backs Federal Reserve Notes?

MR. SUPINSKI - Yes

CALLER - What are the total assets of the Federal Reserve?

MR. SUPINSKI - The San Francisco Bank has $36 Billion in assets.

CALLER - What are these assets composed of?

MR. SUPINSKI - Gold, the Federal Reserve Bank itself and government securities.

CALLER - What value does the Federal Reserve Bank carry gold per oz. on their books?

MR. SUPINSKI - I don’t have that information, but the San Francisco Bank has $1.6 billion in gold.

CALLER - Are you saying the Federal Reserve Bank of San Francisco has $1.6 billion in gold, the bank itself and the balance of the assets is government securities?

MR. SUPINSKI - - Yes.

CALLER - Where does the Federal Reserve get Federal Reserve Notes from?

MR. SUPINSKI - They are authorized by the Treasury.

CALLER - How much does the Federal Reserve pay for a $10 Federal Reserve Note?

MR. SUPINSKI - Fifty to seventy cents.

CALLER - How much do they pay for a $100.00 Federal Reserve Note?

MR. SUPINSKI - The same fifty to seventy cents.

CALLER - To pay only fifty cents for a $100.00 is a tremendous gain, isn’t it?

MR. SUPINSKI - Yes

CALLER - According to the US Treasury, the Federal Reserve pays $20.60 per 1,000 denomination or a little over two cents for a $100.00 bill, is that correct?

MR. SUPINSKI - That is probably close.

CALLER - Doesn’t the Federal Reserve use the Federal Reserve Notes that cost about two cents each to purchase US Bonds from the government?

MR. SUPINSKI - Yes, but there is more to it than that.

CALLER - Basically, that is what happens?

MR. SUPINSKI - Yes, basically you are correct.

CALLER - How many Federal Reserve Notes are in circulation?

MR. SUPINSKI - $263 billion and we can only account for a small percentage.

CALLER - Where did they go?

MR. SUPINSKI - Peoples’ mattress, buried in their back yards and illegal drug money.

CALLER - Since the debt is payable in Federal Reserve Notes, how can the $4 trillion national debt be paid-off with the total Federal Reserve Notes in circulation?

MR. SUPINSKI - I don’t know.

CALLER - If the Federal Government would collect every Federal Reserve Note in circulation would it be mathematically possible to pay the $4 trillion national debt?

MR. SUPINSKI - No

CALLER - Am I correct when I say, $1 deposited in a member bank $8 can be lent out through Fractional Reserve Policy?

MR.SUPINSKI - About $7.

CALLER - Correct me if I am wrong but, $7 of additional Federal Reserve Notes were never put in circulation. But, for lack of better words were “created out of thin air” in the form of credits and the two cents per denomination were not paid either. In other words, the Federal Reserve Notes were not physically printed, but in reality were created by a journal entry and lent at interest. Is that correct?

MR. SUPINSKI - Yes

CALLER - Is that the reason there are only $263 billion Federal Reserve Notes in circulation?

MR. SUPINSKI - That is part of the reason.

CALLER - Am I mistaking that when the Federal Reserve Act was passed (on Christmas Eve) in 1913, it transferred the power to coin and issue our nations money and to regulate the value thereof from Congress to a Private corporation. And my country now borrows what should be our own money from the Federal Reserve (a private corporation) plus interest. Is that correct and the debt can never be paid off under the current money system of country?

MR. SUPINSKI - Basically, yes.

CALLER - I smell a rat, do you?

MR. SUPINSKI - I am sorry, I can’t answer that. I work here.

CALLER - Has the Federal Reserve ever been independently audited?

MR. SUPINSKI - We are audited.

CALLER - Why is there a current House Resolution 1486 calling for a complete audit of the Federal Reserve by the GAO and why is the Federal Reserve resisting?

MR. SUPINSKI - I don’t know.

CALLER -Does the Federal Reserve regulate the value of Federal Reserve Notes and interest rates?

MR. SUPINSKI - Yes

CALLER - Explain how the Federal Reserve System can be Constitutional if, only the Congress of the US, which comprises of the Senate and the House of Representatives has the power to coin and issue our money supply and regulate the value thereof? [Article 1 Section 1 and Section 8] Nowhere, in the Constitution does it give Congress the power or authority to transfer any powers granted under the Constitution to a private corporation or, does it?

MR. SUPINSKI - I am not an expert on constitutional law. I can refer you to our legal department.

CALLER - I can tell you I have read the Constitution. It does NOT provide that any power granted can be transferred to a private corporation. Doesn’t it specifically state, all other powers not granted are reserved to the States and to the citizens? Does that mean to a private corporation?

MR. SUPINSKI - I don’t think so, but we were created by Congress.

CALLER - Would you agree it is our country and it should be our money as provided by our Constitution?

MR. SUPINSKI - I understand what you are saying.

CALLER - Why should we borrow our own money from a private consortium of bankers? Isn’t this why we had a revolution, created a separate sovereign nation and a Bill of Rights?

MR. SUPINSKI - (Declined to answer).

CALLER - Has the Federal Reserve ever been declared constitutional by the Supreme Court?

MR. SUPINSKI - I believe there has been court cases on the matter.

CALLER - Have they been Supreme Court Cases?

MR. SUPINSKI - I think so, but I am not sure.

CALLER - Didn’t the Supreme Court declare unanimously in A.L.A. Schechter Poultry Corp. vs. US and Carter vs. Carter Coal Co. the corporative-state arrangement an unconstitutional delegation of legislative power? [“The power conferred is the power to regulate. This is legislative delegation in its most obnoxious form; for it is not even delegation to an official or an official body, presumptively disinterested, but to private persons.” Carter vs. Carter Coal Co...]

MR. SUPINSKI - I don’t know, I can refer you to our legal department.

CALLER - Isn’t the current money system a house of cards that must fall because, the debt can mathematically never be paid-off?

MR. SUPINSKI - It appears that way. I can tell you have been looking into this matter and are very knowledgeable. However, we do have a solution.

CALLER - What is the solution?

MR. SUPINSKI - The Debit Card.

CALLER - Do you mean under the E.F.T. Act (Electronic Funds Transfer)? Isn’t that very frightening, when one considers the capabilities of computers? It would provide the government and all it’s agencies, including the Federal Reserve such information as: You went to the gas station @ 2:30 and bought $10.00 of unleaded gas @ $1.41 per gallon and then you went to the grocery store @ 2:58 and bought bread, lunch meat and milk for $12.32 and then went to the drug store @ 3:30 and bought cold medicine for $5.62. In other words, they would know where we go, when we went, how much we paid, how much the merchant paid and how much profit he made. Under the E.F.T. they will literally know everything about us. Isn’t that kind of scary?

MR. SUPINSKI - Yes, it makes you wonder.

CALLER - I smell a GIANT RAT that has overthrown my constitution. Aren’t we paying tribute in the form of income taxes to a consortium of private bankers?

MR. SUPINSKI - I can’t call it tribute; it is interest.

CALLER - Haven’t all elected officials taken an oath of office to preserve and defend the Constitution from enemies both foreign and domestic? Isn’t the Federal Reserve a domestic enemy?

MR. SUPINSKI - I can’t say that.

CALLER - Our elected officials and members of the Federal Reserve are guilty of aiding and abetting the overthrowing of my Constitution and that is treason. Isn’t the punishment of treason death?

MR. SUPINSKI - I believe so.

CALLER - Thank you for your time and information and if I may say so, I think you should take the necessary steps to protect you and your family and withdraw your money from the banks before the collapse, I am.

MR. SUPINSKI - It doesn’t look good.

CALLER - May God have mercy on the souls who are behind this unconstitutional and criminal act called the Federal Reserve. When the ALMIGHTY MASS awakens to this giant hoax, they will not take it with a grain of salt. It has been a pleasure talking to you and I thank you for your time. I hope you will take my advice before it does collapse.

MR. SUPINSKI - Unfortunately, it does not look good.

CALLER - Have a good day and thanks for your time.

MR. SUPINSKI - Thanks for calling.

If the reader has any doubts to the validity of this conversation, call your nearest Federal Reserve Bank, YOU KNOW THE QUESTIONS TO ASK! You won’t find them listed under the Federal Government. They are in the white pages, along with Federal Express, Federal Deposit Insurance Corp. (FDIC), and any other business. Find out for yourself if all this is true. And then, go to your local law library and look up the case of Lewis vs. US, case #80-5905, 9th Circuit, June 24, 1982. It reads in part: “Examining the organization and function of the Federal Reserve Banks and applying the relevant factors, we conclude that the federal reserve are NOT federal instrumentality’s... but are independent and privately owned and controlled corporations... federal reserve banks are listed neither as ‘wholly owned’ government corporations [under 31 USC Section 846] nor as ‘mixed ownership’ corporations [under 31 USC Section 856]... 28 USC Sections 1346(b), 2671. ‘Federal agency’ is defined as: the executive departments, the military departments, independent establishments of the United States, and corporations acting primarily as instrumentality’s of the United States, but does not include any contractors with the United States... There are no sharp criteria for determining whether an entity is a

federal agency within the meaning of the Act, but the critical factor is the existence of the federal government control over the ‘detailed physical performance’ and ‘day to day operations’ of that entity. Other factors courts have considered include whether the entity is an independent corporation... whether the government is involved in the entity’s finances... and whether the mission of the entity furthers the policy of the United States... Examining the organization and function of the Federal Reserve Banks, and applying the relevant factors, we conclude that the Reserve Banks are not federal instrumentality’s...”

It is evident from the legislative history of the Federal Reserve Act that Congress did not intend to give the federal government direction over the daily operation of the Reserve Banks... The fact that the Federal Reserve Board regulates the Reserve Banks does not make them federal agencies under the Act... Unlike typical federal agencies, each bank is empowered to hire and fire employees at will. Bank employees do not participate in the Civil Service Retirement System. They are covered by worker’s compensation insurance, purchased by the Bank, rather than the Federal Employees Compensation Act. Employees traveling on Bank business are not subject to federal travel regulations and do not receive government employee discounts on lodging and services...

Finally, “the Banks are empowered to sue and be sued in their own name. 12 USC Section 341. They carry their own liability insurance and typically process and handle their own claims...” According to the Federal Reserve Bank of Philadelphia, “When the Federal Reserve was created, its stock was sold to the member banks.” (“The Hats The Federal Reserve Wears”, published by the Federal Reserve Bank of Philadelphia)

The original Stockholders of the Federal Reserve Banks in 1913 were the Rockefeller’s, JP Morgan, Rothschild’s, Lazard Freres, Schoellkopf, Kuhn-Loeb, Warburgs, Lehman Brothers and Goldman Sachs. The MONEYCHANGERS wanted to be insured they had a monopoly over our money supply, so Congress passed into law Title 12, Section 284 of the United States Code. Section 284 specifically states, “NO STOCK ALLOWED TO THE US.”

* Monopoly - “A privilege or peculiar advantage vested in one or more persons or companies, consisting in the exclusive right [or power) to carry on a particular business or trade, manufacture a particular article, or control the sale of the whole supply of a particular commodity, A form of market structure in which only a few firms dominate the total sales of a product or service. ‘Monopoly’, as prohibited by Section 2 of the Sherman Antitrust Act, has two elements: possession of a monopoly power in relevant market and willful acquisition or maintenance of that power, as distinguished from growth or development as a consequence of a superior power, business acumen, or historical product. A monopoly condemned by the Sherman Act is the power to fix prices, or exclude competition, coupled with policies designed to use and preserve that power.” (Black's Law Dictionary, 6th Edition) The Federal Reserve Act goes one step farther, “No Senator or Representative in Congress shall be a member of the Federal Reserve Board or an officer or director of a Federal Reserve Bank.” They didn’t want We The People to have any say in the operation of their monopoly through our elected officials.

GGG"GG"GG""GGG""GG

Recall the quote from John Mayard Keynes:

“There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic laws on the side of destruction, and does it in a manner which not one in a million is able to diagnose.”

Keynes seems to be quite accurate in his statement. So far, anyway.
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PostPosted: Thu Dec 13, 2007 11:44 am    Post subject: Reply with quote

Quote:
Federal Reserve Notes (FRNs) are colored money. They have no value, except by virtue of a government decree -- a decree arrived at under conditions of duress, and thus in all probability invalid.


Does anyone recall the Argentinian inflation crisis around the same time as Evita Peron? The government saw a massive stagnation of local industries and a sudden fleeing of foreign investors. The government couldn't pump prime the economy and so began printing money by the the truckloads. What happenened? Ultimately, the flood of money cause inflation which skyrocketed to the point of 2000++% everyweek. To imagine how bad it was, imagine holding $500 this minute. In the next 12 hours, it was worth $50! People went on a massive buying spree because every minute, their money bought less.

I'd hate that to happen to the US
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PostPosted: Sat Dec 15, 2007 1:46 am    Post subject: Reply with quote

Darkblade wrote:
Quote:
Federal Reserve Notes (FRNs) are colored money. They have no value, except by virtue of a government decree -- a decree arrived at under conditions of duress, and thus in all probability invalid.


Does anyone recall the Argentinian inflation crisis around the same time as Evita Peron? The government saw a massive stagnation of local industries and a sudden fleeing of foreign investors. The government couldn't pump prime the economy and so began printing money by the the truckloads. What happenened? Ultimately, the flood of money cause inflation which skyrocketed to the point of 2000++% everyweek. To imagine how bad it was, imagine holding $500 this minute. In the next 12 hours, it was worth $50! People went on a massive buying spree because every minute, their money bought less.

I'd hate that to happen to the US


Have a look at this piece: http://www.conspiracypenpal.com/columns/newdollar.htm
It debates about the use of old Morgan silver dollar, they are legal tender.
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PostPosted: Tue Dec 18, 2007 1:18 am    Post subject: Reply with quote

I've always visited that site. Too bad they don't have RSS
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