Capital is the oil of the economic engine. Yes, you don't want people to be able to pluck money off the nearest tree. Money must represent and reflect labor and value. But too much scarcity and the gears in the economic engine grind to a halt. So, after the US goes bankrupt like Iceland, Greece, Ireland, Portugal, and Spain; TPTB will bail us out in exchange for our water, gas utilities, mineral rights, transportation and highway infrastructure, and pension funds.
Even if Ron Paul and other patriots were successful in ending the FED and re-instituting a gold standard; our economic problems wouldn't likely change. For instance, since there is so little gold, our country will be starved of liquidity and growth. Returning to a gold standard may be how TPTB plan to equalize the US with the rest of the world by converting the whole world over from a fiat/debt-based system to a gold standard, while they have been working the last 99 years to monopolize the gold market. Today, TPTB own all gold production. They have admittedly been hording all the gold, they own all the gold mines, and copper mines which produce gold and silver as a byproduct.
Yes, having gold-backed currency was the original intent of the Founding Fathers. But not when TPTB own all the gold. In this case, they will still have total control over money supply of the entire world. So, for now, I say we could back our currency with a basket of commodities including gold. This would provide enough liquidity to satisfy the capital demands of our cash-starved economy.
If we allow the US Treasury to create all the capital, and allow local banks to extend no-interest loans for non-depreciating land, buildings, factories, homes, farms, production machinery, commodities, mining, etc. Then that capital is backed by the assets that it is being used to purchase.
In this case no-one is picking up free money off the ground. The money lent by the bank from the US Treasury must be paid back with labor. If there is enough money in the market due to savings, then people wont need to borrow. New money won't need to be created. If there isn't enough money in the system, then people will borrow, and the US Treasury will create money necessary for the need at the time. This mechanism would prevent inflation or deflation.
I've been thinking more on this issue and realize that the money supply is broken up into parts. M0, M1, M2, M3 etc. Therefore, You can have a gold standard to cover a portion of the money supply M0-M1-M2 which includes cash on hand, checking accounts and savings. Just recognize that gold is in short supply and we may have to take back our gold and copper mines (break the monopoly). Natural resources of this country belong to the people of this country and principally the states. I would get rid of national forest service which only is used to control mineral rights. Gifford Pinchot (1889), First Chief of U.S. Forest Service was a skull and bones member at Yale in 1880. Let States control their own land and minerals.
The portion of the money supply that this no-interest loan/credit system covers does not need to be backed by gold (new M3). The money that is created to be lent to purchase real-estate, machinery, other non-depreciating commodities for the life of the loan, is backed by the asset that the money is purchasing. This money has its own backing. The money that is created by the US Treasury for this purpose is being paid right back.
Right now the media is really pushing people to buy gold. I have been thinking a lot about why the elite have been driving this. 1. A horde of gold will be discovered, gold will drop in price and buyers lose. 2. Society will fall apart and people in possession of gold and silver win. 3. The US will make owning gold illegal and order a nation-wide gold confiscation. 4. The elite will re-institute a gold-standard, gold goes to $10,000/oz, and gold owners are used by elite to support the new system. If I had to guess, I think #4 is the true purpose of the push for gold.
Sunday, November 28, 2010
Saturday, November 27, 2010
Engineered Economic Downturn
2002: Ben Bernanke speaks at Milton Friedman's 90th Birthday and jokes that Milt was correct all along that the FED caused the great depression by contracting the money supply in a fractional reserve system.
"Let me end my talk by abusing slightly my status as an official representative of the Federal Reserve. I would like to say to Milton and Anna: Regarding the Great Depression. You're right, we did it. We're very sorry. But thanks to you, we won't do it again."
http://www.federalreserve.gov/BOARDDOCS/SPEECHES/2002/20021108/default.htm
2005: Federal Reserve no longer publishing M3 datal an important measure of the Money Supply
http://www.federalreserve.gov/releases/h6/discm3.htm
2005-2008: M3 balloons to record levels which measured the money creation being done in the speculative and fraudulent derivatives market, driven by Goldman Sachs.
http://www.amcalrealestate.com/wp-content/uploads/2009/07/money-supply-rate-of-change.gif
2008: FED institutes the Bank of International Settlement Basil 2 Accords which restricts/lightens fractional reserve requirements, contracts the money supply, and does to America exactly the same thing that Basil 1 did to Japan resulting in their "Lost Decade."
http://www.federalreserve.gov/newsevents/press/bcreg/20070720a.htm
Economic crises have been produced by us for the GOYIM by no other means than the withdrawal of money from circulation. Huge capitals have stagnated, withdrawing money from States, which were constantly obliged to apply to those same stagnant capitals for loans. These loans burdened the finances of the State with the payment of interest and made them the bond slaves of these capitals .... The concentration of industry in the hands of capitalists out of the hands of small masters has drained away all the juices of the peoples and with them also the States .... (Protocols of Zion 20:20)
Conclusion: This Current Economic Downturn was engineered just like the Great Depression. Mr. Bernanke confessed to Milton Friedman that he is well aware of how a contraction of the money supply would affect our fractional reserve economy. Mr. Bernanke was well aware of the effects Basil 1 had on Japan, and therefore must have been fully aware of how Basil 2 would effect the American economy.
"Let me end my talk by abusing slightly my status as an official representative of the Federal Reserve. I would like to say to Milton and Anna: Regarding the Great Depression. You're right, we did it. We're very sorry. But thanks to you, we won't do it again."
http://www.federalreserve.gov/BOARDDOCS/SPEECHES/2002/20021108/default.htm
2005: Federal Reserve no longer publishing M3 datal an important measure of the Money Supply
http://www.federalreserve.gov/releases/h6/discm3.htm
2005-2008: M3 balloons to record levels which measured the money creation being done in the speculative and fraudulent derivatives market, driven by Goldman Sachs.
http://www.amcalrealestate.com/wp-content/uploads/2009/07/money-supply-rate-of-change.gif
2008: FED institutes the Bank of International Settlement Basil 2 Accords which restricts/lightens fractional reserve requirements, contracts the money supply, and does to America exactly the same thing that Basil 1 did to Japan resulting in their "Lost Decade."
http://www.federalreserve.gov/newsevents/press/bcreg/20070720a.htm
Economic crises have been produced by us for the GOYIM by no other means than the withdrawal of money from circulation. Huge capitals have stagnated, withdrawing money from States, which were constantly obliged to apply to those same stagnant capitals for loans. These loans burdened the finances of the State with the payment of interest and made them the bond slaves of these capitals .... The concentration of industry in the hands of capitalists out of the hands of small masters has drained away all the juices of the peoples and with them also the States .... (Protocols of Zion 20:20)
Conclusion: This Current Economic Downturn was engineered just like the Great Depression. Mr. Bernanke confessed to Milton Friedman that he is well aware of how a contraction of the money supply would affect our fractional reserve economy. Mr. Bernanke was well aware of the effects Basil 1 had on Japan, and therefore must have been fully aware of how Basil 2 would effect the American economy.
Monday, November 22, 2010
SAVE OUR NATION, FIX THE ECONOMY, UPHOLD THE CONSTITUTION
The consequence of this debt-based, fiat, usury-based, fractional reserve system is inflation, engineered stock market crashes, banking failures, and the enslavement of the people. Across the world we see wars waged; not to spread democracy, but to force more countries to submit to this corrupt and oppressive world-banking system. This year we are seeing countries like Iceland, Greece, Ireland, and Portugal on the verge of bankruptcy forced to give away control of their highways, rail lines, utilities, and government pensions to the international ultra-elite in exchange for a bailout.
However, all the corruption, and all the economic turbulence could disappear today, if WE THE PEOPLE would just become united behind our Constitution in taking back our right to "coin" our own money. To do that, we would need switch our banking, lending and economic system.
#1 allow US Treasury to create 100% of money
(Current money is based on bonds that the FED sells at interest to ultra-elite families. The FED never just prints money without selling a bond. Every dollar is tied to a bond and therefore is a certificate of indebtedness and bondage)
#2 back US Currency with gold, silver, commodities, land, manufacturing machinery, grain, real-estate, and other natural resources.
(Currently money is based on debt and held up by the Petro-Dollar system, but not for long as China is buying oil in Yuan from Russia and Iran)
#3 allow local and state banks to have liberal access to capital issued from the US Treasury directly. Cut out the money middle-men.
(Currently, only mega-FED-member banks can borrow from the FED. That is why smaller banks go bust and go bankrupt and don't get a bailout. The whole justification for the mega bank was because small banks would fail in the old system)
#4 allow local banks to verify credit-worthiness of local citizens and approve them for no-interest loans on non-depreciating assets.
(banks today issue amortized loans, which collect interest up front which is the major driver of inflation in our economy because the only way you make money on your home is if the price of the house goes up when you sell it. Banks charge interest today because of risk of not being paid back. However, if the asset being invested in has stable, intrinsic value, then the bank is not taking risk to invest in it. If the borrower goes bust, the bank takes possession of the valuable asset).
#5 The Federal Government and the "non-profit" local bank "Community Safety Society" would generate revenue by charging loan origination fees and modest monthly service fees as they do now.
(This is how local banks make their money anyways. Local banks never collected the interest but just service the loans. This system would benefit the Federal Government and increase revenue because, currently the Federal Government only collects "prime" on a fraction of the money that is created in the system. In this system, the Federal Government collects a "voluntary" tax on all the money that is created in the system.)
#6 When an individual, group, or community goes to the local or state bank desiring a no-interest loan, they must prove their credit-worthiness via proof of consistent wages, proof of sales, value of resources mined, value of resources produced, and/or amount of revenue generated via a 1% sales tax.
(This is how our the value of our currency could be gaged. When a person wants to purchase land or build a house, then money would be created that reflects the value of that land or that property. When a group wants to get a loan to mine a resource or grow a field of corn, the money given would reflect the value of that resource being mined, or the corn that would be produced)
#7 As the borrower repays monthly, they begin the build equity immediately as well as pay the nominal monthly fees. If the individual were to miss a payment, that months payment and fee would be deducted from the equity in the asset. Thus, the loan becomes an instant reverse mortgage if needed. Bankruptcy, forfeiture, default, repossession would only occur when the person lost all equity in the asset.
(Currently, our system repossesses after just one or two missed payments. When the banks evict you and repossess, the borrower loses any and all equity they may have had in the property.)
#8 Operate Local Community Safety Society Banks on the basis of Full Reserve Banking. Instead of lending 10X of the money they have in deposits and what they borrow from other banks, require that banks only lend 1:1 the capital that they have obtained from the US Treasury. All deposits are not used to make new loans but kept at the bank ready for withdrawal at any time.
(Currently, under a fractional-reserve system, banks only are required to keep 5% of the money they lend as cash reserves which they keep as stocks and bonds or toxic assets because of inflation and devaluation of cash. If those reserves lose their value due to a stock market crash, or bubble bursting, then the banks become insolvent and can't lend or pay depositors and go bust. Fractional Reserve Banking is exactly what has caused the economic volatility in the US since its beginning. In a Fractional Reserve Banking system, it is the mega-banks themselves which create 90-95% of the money in the money supply and not the Congress as the US Constitution requires.)
However, all the corruption, and all the economic turbulence could disappear today, if WE THE PEOPLE would just become united behind our Constitution in taking back our right to "coin" our own money. To do that, we would need switch our banking, lending and economic system.
#1 allow US Treasury to create 100% of money
(Current money is based on bonds that the FED sells at interest to ultra-elite families. The FED never just prints money without selling a bond. Every dollar is tied to a bond and therefore is a certificate of indebtedness and bondage)
#2 back US Currency with gold, silver, commodities, land, manufacturing machinery, grain, real-estate, and other natural resources.
(Currently money is based on debt and held up by the Petro-Dollar system, but not for long as China is buying oil in Yuan from Russia and Iran)
#3 allow local and state banks to have liberal access to capital issued from the US Treasury directly. Cut out the money middle-men.
(Currently, only mega-FED-member banks can borrow from the FED. That is why smaller banks go bust and go bankrupt and don't get a bailout. The whole justification for the mega bank was because small banks would fail in the old system)
#4 allow local banks to verify credit-worthiness of local citizens and approve them for no-interest loans on non-depreciating assets.
(banks today issue amortized loans, which collect interest up front which is the major driver of inflation in our economy because the only way you make money on your home is if the price of the house goes up when you sell it. Banks charge interest today because of risk of not being paid back. However, if the asset being invested in has stable, intrinsic value, then the bank is not taking risk to invest in it. If the borrower goes bust, the bank takes possession of the valuable asset).
#5 The Federal Government and the "non-profit" local bank "Community Safety Society" would generate revenue by charging loan origination fees and modest monthly service fees as they do now.
(This is how local banks make their money anyways. Local banks never collected the interest but just service the loans. This system would benefit the Federal Government and increase revenue because, currently the Federal Government only collects "prime" on a fraction of the money that is created in the system. In this system, the Federal Government collects a "voluntary" tax on all the money that is created in the system.)
#6 When an individual, group, or community goes to the local or state bank desiring a no-interest loan, they must prove their credit-worthiness via proof of consistent wages, proof of sales, value of resources mined, value of resources produced, and/or amount of revenue generated via a 1% sales tax.
(This is how our the value of our currency could be gaged. When a person wants to purchase land or build a house, then money would be created that reflects the value of that land or that property. When a group wants to get a loan to mine a resource or grow a field of corn, the money given would reflect the value of that resource being mined, or the corn that would be produced)
#7 As the borrower repays monthly, they begin the build equity immediately as well as pay the nominal monthly fees. If the individual were to miss a payment, that months payment and fee would be deducted from the equity in the asset. Thus, the loan becomes an instant reverse mortgage if needed. Bankruptcy, forfeiture, default, repossession would only occur when the person lost all equity in the asset.
(Currently, our system repossesses after just one or two missed payments. When the banks evict you and repossess, the borrower loses any and all equity they may have had in the property.)
#8 Operate Local Community Safety Society Banks on the basis of Full Reserve Banking. Instead of lending 10X of the money they have in deposits and what they borrow from other banks, require that banks only lend 1:1 the capital that they have obtained from the US Treasury. All deposits are not used to make new loans but kept at the bank ready for withdrawal at any time.
(Currently, under a fractional-reserve system, banks only are required to keep 5% of the money they lend as cash reserves which they keep as stocks and bonds or toxic assets because of inflation and devaluation of cash. If those reserves lose their value due to a stock market crash, or bubble bursting, then the banks become insolvent and can't lend or pay depositors and go bust. Fractional Reserve Banking is exactly what has caused the economic volatility in the US since its beginning. In a Fractional Reserve Banking system, it is the mega-banks themselves which create 90-95% of the money in the money supply and not the Congress as the US Constitution requires.)
Monetary vs. Non-Monetary Debate
I have decided that it is of very little value to try to talk to people about the conspiracy. There is very little utility in trying to convince people about the various conspiracies and crimes that have been proven and even confessed to in many instances. People just don't want to believe that such evil is possible. And even if we were to convince people and hold War Trials, we could never get at the people at the top of the pyramid.
But instead of focusing on conspiracy, I think its much more valuable to talk about economics. I don't think there is anyone who would deny that this country and the world under the G20/G8 are facing serious economic troubles and require revolutionary economic and monetary reforms. Accordingly, I have been thinking over the last year of a plan to fix the economy and corruption in the United States and the World.
The Power of the ruling elite rests in their control of the world monetary system. And the value in understanding how the rulers of this world derive their power is that if we as a people take back that power, then it would deny the handful of wicked men the ability to bankroll the corruption.
Since the creation of the FED, money in the US and elsewhere was taken off the gold standard. Instead of gold, our dollar today is based on 110% debt. That is correct, the FED never just prints money. Every dollar that the US Treasury prints is tied to a bond that is sold at interest to some capital investment fund, hedge fund, LLC, or joint-stock trust of some ultra-elite, ultra-wealthy family. The FED then lends that money to FED-member banking cartel, who then lend 10-20x that amount of money due to fractional reserve banking to the people via a rip-off amortized loan that collects all interest up front.
The consequence of this debt-based, fiat, usury-based, fractional reserve system is inflation, engineered stock market crashes, banking failures, and the enslavement of the people. Across the world we see wars waged; not to spread democracy, but to force more countries to submit to this corrupt world banking system. This year we are seeing countries like Iceland, Greece, Ireland, and Portugal on the verge of bankruptcy forced to give away control of their highways, rail lines, utilities, and government pensions to the international ultra-elite in exchange for a bailout.
However, all the corruption, and all the economic turbulence could disappear today, if WE THE PEOPLE would just become united behind our Constitution in taking back our right to "coin" our own money. To do that, we would need switch our banking, lending and economic system.
What we would do first is back our currency with gold, silver, land, and a basket of commodities. Next, we would need to get rid of the big banks and allow local and state banks the power to borrow directly from the US Treasury. Local banks would verify the credit-worthiness of citizens in their communities, and then they would issue no-interest loans for non-depreciating assets like land, homes, buildings, mining and manufacturing equipment.
The Federal Government as well as the local banks would generate revenue through loan-origination fees and monthly payment loan servicing fees. These associated fees become a voluntary tax which is is keeping with the original intent of the Constitution. Today, the Federal Government only makes a very small amount of money on a small fraction of the money that is created. These local banks we would call "Safety Societies" would operate on Full Reserve Banking, and would therefore be immune from market fluctuations, stock market crashes. No-interest loans would also cure inflation as the amortized loan has been the major driver of inflation since it was instituted in 1913 along with the FED.
While I would hope the people of America could get behind, and become unified behind a fair and equitable, resource-based, full reserve, no-interest, locally administered banking system, there are some out there muddying the water by calling for a non-monetary system. Their basis for a glorified barter system is a reaction against the evils and abuses of our current system. However, while Paul warns Timothy that "the love of money is the root of all evil" we need to be careful to understand what Paul meant. Paul wasn't demonizing money, but the love of money. Money is just a tool, like fire, that can be used or abused for good or for ill.
But money is only a tool. It will take you wherever you wish, but it will not replace you as the driver."
"It's the person who would sell his soul for a nickel, who is loudest in proclaiming his hatred of money,"
"Let me give you a tip on a clue to men's characters: the man who damns money has obtained it dishonorably; the man who respects it has earned it."
"Run for your life from any man who tells you that money is evil. That sentence is the leper's bell of an approaching looter. So long as men live together on earth and need means to deal with one another, their only substitute, if they abandon money, is the muzzle of a gun."
--Ayn Rand, Atlas Shrugged
Despite what Ayn Rand says about those that put demonize money, the fact is that you can't run our complex economy on a barter system regardless of how complex it is. But we could switch over to an equitable non-usury, full-reserve, locally administered monetary system tomorrow without skipping a beat. The choice is ours. We is the US are the ones who have built the Beast and have fed it with our 30-year home mortgages and consumer debt.
The problem with those who make the non-monetary argument is that it muddies the water, and prevents us from being united behind a new system that is constitutionally based, which would fix our country. But maybe that is why they do it-- muddy the water? We can't get anywhere with implementation of an equitable monetary system, if we have to endlessly debate non-monetary vs monetary.
But instead of focusing on conspiracy, I think its much more valuable to talk about economics. I don't think there is anyone who would deny that this country and the world under the G20/G8 are facing serious economic troubles and require revolutionary economic and monetary reforms. Accordingly, I have been thinking over the last year of a plan to fix the economy and corruption in the United States and the World.
The Power of the ruling elite rests in their control of the world monetary system. And the value in understanding how the rulers of this world derive their power is that if we as a people take back that power, then it would deny the handful of wicked men the ability to bankroll the corruption.
Since the creation of the FED, money in the US and elsewhere was taken off the gold standard. Instead of gold, our dollar today is based on 110% debt. That is correct, the FED never just prints money. Every dollar that the US Treasury prints is tied to a bond that is sold at interest to some capital investment fund, hedge fund, LLC, or joint-stock trust of some ultra-elite, ultra-wealthy family. The FED then lends that money to FED-member banking cartel, who then lend 10-20x that amount of money due to fractional reserve banking to the people via a rip-off amortized loan that collects all interest up front.
The consequence of this debt-based, fiat, usury-based, fractional reserve system is inflation, engineered stock market crashes, banking failures, and the enslavement of the people. Across the world we see wars waged; not to spread democracy, but to force more countries to submit to this corrupt world banking system. This year we are seeing countries like Iceland, Greece, Ireland, and Portugal on the verge of bankruptcy forced to give away control of their highways, rail lines, utilities, and government pensions to the international ultra-elite in exchange for a bailout.
However, all the corruption, and all the economic turbulence could disappear today, if WE THE PEOPLE would just become united behind our Constitution in taking back our right to "coin" our own money. To do that, we would need switch our banking, lending and economic system.
What we would do first is back our currency with gold, silver, land, and a basket of commodities. Next, we would need to get rid of the big banks and allow local and state banks the power to borrow directly from the US Treasury. Local banks would verify the credit-worthiness of citizens in their communities, and then they would issue no-interest loans for non-depreciating assets like land, homes, buildings, mining and manufacturing equipment.
The Federal Government as well as the local banks would generate revenue through loan-origination fees and monthly payment loan servicing fees. These associated fees become a voluntary tax which is is keeping with the original intent of the Constitution. Today, the Federal Government only makes a very small amount of money on a small fraction of the money that is created. These local banks we would call "Safety Societies" would operate on Full Reserve Banking, and would therefore be immune from market fluctuations, stock market crashes. No-interest loans would also cure inflation as the amortized loan has been the major driver of inflation since it was instituted in 1913 along with the FED.
While I would hope the people of America could get behind, and become unified behind a fair and equitable, resource-based, full reserve, no-interest, locally administered banking system, there are some out there muddying the water by calling for a non-monetary system. Their basis for a glorified barter system is a reaction against the evils and abuses of our current system. However, while Paul warns Timothy that "the love of money is the root of all evil" we need to be careful to understand what Paul meant. Paul wasn't demonizing money, but the love of money. Money is just a tool, like fire, that can be used or abused for good or for ill.
But money is only a tool. It will take you wherever you wish, but it will not replace you as the driver."
"It's the person who would sell his soul for a nickel, who is loudest in proclaiming his hatred of money,"
"Let me give you a tip on a clue to men's characters: the man who damns money has obtained it dishonorably; the man who respects it has earned it."
"Run for your life from any man who tells you that money is evil. That sentence is the leper's bell of an approaching looter. So long as men live together on earth and need means to deal with one another, their only substitute, if they abandon money, is the muzzle of a gun."
--Ayn Rand, Atlas Shrugged
Despite what Ayn Rand says about those that put demonize money, the fact is that you can't run our complex economy on a barter system regardless of how complex it is. But we could switch over to an equitable non-usury, full-reserve, locally administered monetary system tomorrow without skipping a beat. The choice is ours. We is the US are the ones who have built the Beast and have fed it with our 30-year home mortgages and consumer debt.
The problem with those who make the non-monetary argument is that it muddies the water, and prevents us from being united behind a new system that is constitutionally based, which would fix our country. But maybe that is why they do it-- muddy the water? We can't get anywhere with implementation of an equitable monetary system, if we have to endlessly debate non-monetary vs monetary.
Thursday, November 18, 2010
NO-MONEY ECONOMY?
Many people have been looking at our current monetary and financial woes, and wondering if money is necessary at all. While money may not be a part of a perfect Zion society. I think most of the current discussion concerning a "no-money" system is an example of the pendulum swinging way to far to the other side. Remember Aristotle's lesson of the "golden mean".
MONEY IS IN THE CONSTITUTION
Interesting ideas about a resource-based economy. As far as money is concerned. The Constitution is Article 1 Section 8 says that Congress should coin the the money and regulate its value. Since we know the Constitution is inspired by God, then I conclude that at this time, God still intends that we uses money. Money was also used in the Book of Mormon. I don't think we should forget money just because there is potential for abuse. Money is not inherently evil. It is the "love of money" that is evil. Resources can be hidden and hoarded like anything else.
RESOURCE BACKED MONEY
I do like some of your ideas of a commodities/resource-based system. I think that is the key to a proper monetary system. The problem with money is that is can become a limited resource (like during a depression and deflation). That I why money should be be backed by a basket of commodities and resources. In the Book of Mormon, it reads that a certain measure of gold equated to a certain measure of silver equated to a certain measure of grain.
BARTER VS RESOURCES VS MONEY
The efficiency of money allows people to live in cities and specialize in specific areas of production and services. In a barter system, families had to produce almost everything themselves and barter for just the few things that they lacked. There really is no time to barter for everything that was possibly needed. Also, in a resource system, resources could be hoarded and cornered or hidden easier than money. Just look at what China is doing with Rare-Earth Metals.
DEBT-BASED CURRENCY
Currently money creation is done by the sales of Bonds (bondage). It is a misconception that the FED or the US Treasury just prints money. Even with QE2, the US Treasury still doesn't just print money. What happens is the FED sells bonds to the ultra-elite FED members and then injects currency into the system based on those bonds. The FED/US Treasury never just prints money. Money is always backed by something. And in our current system, that backing is by debt/bonds. That is why economists name our monetary system the "debt-based monetary system."
FRACTIONAL RESERVE SYSTEM
The FED then lends this new debt-based money to banks which then due to fractional reserve rules, can make loans equaling 10X the amount they received from the FED. So, when the FED produces 600 billion in QE2 to give to the banks free of charge. The banks turn around and lend 6 trillion/ 10X the money back to the US Treasury at 2% interest by purchasing TBills. And so the Ponzi scheme goes on for a while longer.
RESOURCE/COMMODITY BACKED MONEY
So, instead of debt, we need to back our currency with real assets. Because there really isn't enough gold and silver available to create the kind of money we need, we apply the principles that you have been discussing and base money on a basket of commodities and resources.
LOCAL BANK FULL RESERVE NO-INTEREST LOANS
Then, you allow local non-profit banks liberal access to this capital interest free. Local banks would have the task of verifying credit worthiness of the borrower. Then they would issue no-interest loans to local borrowers for non-depreciating assets such as land, homes, and buildings. Revenue to cover costs would come from a loan-origination fee, and monthly service fee/tax associate with the monthly repayment. In fact, I think at just a 1-2% flat fee, the Federal government could generate sufficient revenue that we could get rid of the income tax. Local banks always just made money on loan origination fees so they should be fine.
SAFETY SOCIETY BANKS
These local non-profit "safety society" banks would operate on full reserve banking and therefore be immune to contractions in the money supply, bank runs, and stock market crashes. In this system, people begin accruing equity immediately and that would prevent significant inflation. This is in contrast to our current amortized loans where you pay interest up front so making equity in the first 10 years depends on the price going up. (HOUSE FLIPPING DRIVER). If a person misses a monthly payment, that payment is deducted from the person's equity, thus becoming a reverse mortgage at any time. Foreclosure wouldn't occur until the person had lost all equity in the property.
CAPITALISM = WEALTH DISPARITY = INEQUALITY
Our current Capitalist system is based on the assumption that certain people should get very wealthy so that they have capital to invest in things. But that is the whole problem. A system that makes certain few people wealthy, consolidates power in those individuals to decide what they will or will not invest in. And that consolidation of power is where the corruption comes in.
COMMUNITY SAFETY SOCIETY = EQUALITY
In this system of community Safety Society, the community can come together and decide that they would like a public swimming center. They can be approved for a loan of X million dollars for that swimming center by proving they can repay the no-interest loan and fees based upon a 1% sales tax. The community can vote and approve the 1% sales tax, and the community can build and enjoy the new swimming center. In this system, there is no limit to what the community can have except what they are willing to pay for. Because the community can be approved for whatever they want, whenever they want or need it based on their ability to repay, this could eliminate Legislative Pork. In this system, a larger city would have more power, because it has more people, and more credit based on a greater ability to pay. But remember, that in Zion, cities were to be capped at 1000 families only and stop there.
________________________________________________________________________________________
Here is a suggestion for fixing the money and economic system in America. Milton Friedman knew what to do. But what is required is to replace the current system entirely with a locally managed and controlled system. And, as a side-effect, if you take away Satan's power to get our gold and silver, then many other problems vanish away along with it.
FRACTIONAL RESERVE LENDING
The power that the banks have to create money out of nothing based on the private equity of the super elite is called Fractional Reserve Lending/Banking. This allows banks to lend 20X the amount that they have in deposit (left hand side of ledger). This is assuming a 5% Fractional Reserve requirement. (If you don't know how private banks have the power to create money out of nothing, please read more about FRACTIONAL RESERVE LENDING and the MONEY MULTIPLIER.).
INHERENT INSTABILITY
Fractional reserve banking in an inflationary system is very unstable because if a bank loses its small fractional reserve nest egg via a stock market crash, then it can't operate, can't lend, can't pay depositors. Inflation is why banks cannot hold fractional reserves as cash, and why they hold reserves as paper (AAA Corporate Bonds for example). Banks crashed in 2008 when fraudulent Toxic Assets became worthless because they lost their fractional reserves. Fractional Reserve Banking explains our long history of bank failures in the US.
FULL RESERVE LENDING
So, what Milton Friedman suggested is that the US Government switch to FULL RESERVE BANKING. When you do that, it creates a huge requirement of liquidity because banks need to borrow 100% of what they lend. Then you give back the power to create money to the US Treasury. So, what FULL RESERVE LENDING allows the Federal Government to do is create 14 Trillion dollars and pay off all our debts without causing significant inflation. (this would be a 1-Time opportunity to get out of debt once and for all). The Chinese shouldn't get mad because they get their money which still has retained its value.
AMORTIZED LOANS DRIVE INFLATION
But that is not all:What you need to do next is get rid of the the FHA/HUD amortized loan. This is all our home mortgages that represents our greatest source of debt. This loan collects 95% interest up front for the first 20 years on a 30-year loan assuming minimum payments. This is the greatest driver of inflation in the system because for a family to gain equity in their home for the first 10 years, (assuming minimum payments), the price of the house needs to go up. And when that happens, you stick the next home owner with $20,000 more debt burden for a house that is 5 years older.
NO-INTEREST LOANS
Instead what you do is allow local banks who now only service loans, to borrow directly from the US Treasury. And then you allow local banks to make no-interest loans to individuals and companies. Banks would then go in with the borrower, who brings the first month's payment, and the loan origination fee. No down payment is required to make an asset purchase. The Banks would supply the capital from the US Treasury to complete the purchase. The local bank and the borrower than purchase the property together. No interest is collected. How the bank covers its costs is by charging administrative fees to service the loan as they do now. The borrower than starts into repayment and begins building equity from day one becoming a bigger part-owner of the property until he has paid for the property and is 100% owner.
MISSED PAYMENTS = PROFIT
If the borrower fails to make a monthly payment on the property. Then that monthly payment is deducted from the equity that the borrower has in the property. The borrower divests himself of ownership of the property by the value of the missed payment. But foreclosure/bankruptcy would not occur until the borrower lost all equity in the property. So, the no-interest loan becomes an immediate reverse mortgage which at any time can become a source of emergency credit. Missed payments then become profit for the bank.
GOVERNMENT REVENUE
Full Reserve Banking could mean increased revenue for the federal government. Currently the federal government only collects prime interest on a small fraction of the money that is created. This amounts for about less that 50 billion/year. Imagine if the Federal government could collect a fee based on all the (no-interest) money that was created and injected into our economy? And now that we have paid off our debts, that would mean we could balance our national budgets and have plenty of cash to cover our expenses.
SELF-SUFFICIENCY
One main problem that stands in our way of doing this today is the fact that our country has out-sourced so much of our manufacturing base to multi-national companies. This dependence on foreign corporations could be used as leverage to prevent the US from taking back the power to create and regulate our own money.
2 Ne. 9: 51 Wherefore, do not spend money for that which is of no worth
STOCKS AND VENTURE CAPITAL
I am thinking about it stocks have any place in a no-usury/full reserve system. And I think they do have some part. I would like a system that shields banks from as much risk as possible. Therefore, they would only extend these no-interest loans for assets that have permenant value like land, buildings, houses that dont depreciate necessarily. But for R&D, and business loans for capital investment I think businesses could get credit based on prior and current sales. But for new ideas, private venture capital could be used and stocks for this kind of thing due to the inherent risk yet importance of research and new business creation.
NO-INTEREST LOAN EXAMPLE
If you wanted to purchase a $200,000 home, and pay $1000/month as a monthly payment. At no interest, it would take 200 months to pay back the money. That would be less than 17 years. Borrowing $200,000 would be "no interest", but it wouldn't be free. To cover the administrative costs of our "Community Safety Society Anti-Bank" you would bring your first month's payment and a a "loan origination fee" of say 1-2% or $2-4,000. I'd have to think how much it would cost and how many home loans would need to be processed to cover the bank overhead. There would also be an administrative fee associated with the monthly payment of 1-2% of the payment which would be about $1-200. Fees would be just enough to cover the cost of business. No down payment is required.
NON-PROFIT STATUS
The Bank would operate as a non-profit. So, the purpose of the bank is not to amass capital as it would have access to all the capital it needed from the US Treasury. Its role would be to assure the credit-worthiness of the the borrower.
INFLATION EFFECTS
Inflation wouldn't be such a big deal for the bank. The bank gets the money no-interest from the US Treasury. It passes the borrowing fee on to the borrower and adds on some extra to cover administrative costs. If there is inflation, housing prices go up, salaries go up, which only benefits the borrower. But in this system, inflation doesn't hurt the US Government or the Bank. But my hunch is without the amortized loan, the US wouldn't experience the kind of inflation that it does now.
MONEY IS IN THE CONSTITUTION
Interesting ideas about a resource-based economy. As far as money is concerned. The Constitution is Article 1 Section 8 says that Congress should coin the the money and regulate its value. Since we know the Constitution is inspired by God, then I conclude that at this time, God still intends that we uses money. Money was also used in the Book of Mormon. I don't think we should forget money just because there is potential for abuse. Money is not inherently evil. It is the "love of money" that is evil. Resources can be hidden and hoarded like anything else.
RESOURCE BACKED MONEY
I do like some of your ideas of a commodities/resource-based system. I think that is the key to a proper monetary system. The problem with money is that is can become a limited resource (like during a depression and deflation). That I why money should be be backed by a basket of commodities and resources. In the Book of Mormon, it reads that a certain measure of gold equated to a certain measure of silver equated to a certain measure of grain.
BARTER VS RESOURCES VS MONEY
The efficiency of money allows people to live in cities and specialize in specific areas of production and services. In a barter system, families had to produce almost everything themselves and barter for just the few things that they lacked. There really is no time to barter for everything that was possibly needed. Also, in a resource system, resources could be hoarded and cornered or hidden easier than money. Just look at what China is doing with Rare-Earth Metals.
DEBT-BASED CURRENCY
Currently money creation is done by the sales of Bonds (bondage). It is a misconception that the FED or the US Treasury just prints money. Even with QE2, the US Treasury still doesn't just print money. What happens is the FED sells bonds to the ultra-elite FED members and then injects currency into the system based on those bonds. The FED/US Treasury never just prints money. Money is always backed by something. And in our current system, that backing is by debt/bonds. That is why economists name our monetary system the "debt-based monetary system."
FRACTIONAL RESERVE SYSTEM
The FED then lends this new debt-based money to banks which then due to fractional reserve rules, can make loans equaling 10X the amount they received from the FED. So, when the FED produces 600 billion in QE2 to give to the banks free of charge. The banks turn around and lend 6 trillion/ 10X the money back to the US Treasury at 2% interest by purchasing TBills. And so the Ponzi scheme goes on for a while longer.
RESOURCE/COMMODITY BACKED MONEY
So, instead of debt, we need to back our currency with real assets. Because there really isn't enough gold and silver available to create the kind of money we need, we apply the principles that you have been discussing and base money on a basket of commodities and resources.
LOCAL BANK FULL RESERVE NO-INTEREST LOANS
Then, you allow local non-profit banks liberal access to this capital interest free. Local banks would have the task of verifying credit worthiness of the borrower. Then they would issue no-interest loans to local borrowers for non-depreciating assets such as land, homes, and buildings. Revenue to cover costs would come from a loan-origination fee, and monthly service fee/tax associate with the monthly repayment. In fact, I think at just a 1-2% flat fee, the Federal government could generate sufficient revenue that we could get rid of the income tax. Local banks always just made money on loan origination fees so they should be fine.
SAFETY SOCIETY BANKS
These local non-profit "safety society" banks would operate on full reserve banking and therefore be immune to contractions in the money supply, bank runs, and stock market crashes. In this system, people begin accruing equity immediately and that would prevent significant inflation. This is in contrast to our current amortized loans where you pay interest up front so making equity in the first 10 years depends on the price going up. (HOUSE FLIPPING DRIVER). If a person misses a monthly payment, that payment is deducted from the person's equity, thus becoming a reverse mortgage at any time. Foreclosure wouldn't occur until the person had lost all equity in the property.
CAPITALISM = WEALTH DISPARITY = INEQUALITY
Our current Capitalist system is based on the assumption that certain people should get very wealthy so that they have capital to invest in things. But that is the whole problem. A system that makes certain few people wealthy, consolidates power in those individuals to decide what they will or will not invest in. And that consolidation of power is where the corruption comes in.
COMMUNITY SAFETY SOCIETY = EQUALITY
In this system of community Safety Society, the community can come together and decide that they would like a public swimming center. They can be approved for a loan of X million dollars for that swimming center by proving they can repay the no-interest loan and fees based upon a 1% sales tax. The community can vote and approve the 1% sales tax, and the community can build and enjoy the new swimming center. In this system, there is no limit to what the community can have except what they are willing to pay for. Because the community can be approved for whatever they want, whenever they want or need it based on their ability to repay, this could eliminate Legislative Pork. In this system, a larger city would have more power, because it has more people, and more credit based on a greater ability to pay. But remember, that in Zion, cities were to be capped at 1000 families only and stop there.
________________________________________________________________________________________
Here is a suggestion for fixing the money and economic system in America. Milton Friedman knew what to do. But what is required is to replace the current system entirely with a locally managed and controlled system. And, as a side-effect, if you take away Satan's power to get our gold and silver, then many other problems vanish away along with it.
FRACTIONAL RESERVE LENDING
The power that the banks have to create money out of nothing based on the private equity of the super elite is called Fractional Reserve Lending/Banking. This allows banks to lend 20X the amount that they have in deposit (left hand side of ledger). This is assuming a 5% Fractional Reserve requirement. (If you don't know how private banks have the power to create money out of nothing, please read more about FRACTIONAL RESERVE LENDING and the MONEY MULTIPLIER.).
INHERENT INSTABILITY
Fractional reserve banking in an inflationary system is very unstable because if a bank loses its small fractional reserve nest egg via a stock market crash, then it can't operate, can't lend, can't pay depositors. Inflation is why banks cannot hold fractional reserves as cash, and why they hold reserves as paper (AAA Corporate Bonds for example). Banks crashed in 2008 when fraudulent Toxic Assets became worthless because they lost their fractional reserves. Fractional Reserve Banking explains our long history of bank failures in the US.
FULL RESERVE LENDING
So, what Milton Friedman suggested is that the US Government switch to FULL RESERVE BANKING. When you do that, it creates a huge requirement of liquidity because banks need to borrow 100% of what they lend. Then you give back the power to create money to the US Treasury. So, what FULL RESERVE LENDING allows the Federal Government to do is create 14 Trillion dollars and pay off all our debts without causing significant inflation. (this would be a 1-Time opportunity to get out of debt once and for all). The Chinese shouldn't get mad because they get their money which still has retained its value.
AMORTIZED LOANS DRIVE INFLATION
But that is not all:What you need to do next is get rid of the the FHA/HUD amortized loan. This is all our home mortgages that represents our greatest source of debt. This loan collects 95% interest up front for the first 20 years on a 30-year loan assuming minimum payments. This is the greatest driver of inflation in the system because for a family to gain equity in their home for the first 10 years, (assuming minimum payments), the price of the house needs to go up. And when that happens, you stick the next home owner with $20,000 more debt burden for a house that is 5 years older.
NO-INTEREST LOANS
Instead what you do is allow local banks who now only service loans, to borrow directly from the US Treasury. And then you allow local banks to make no-interest loans to individuals and companies. Banks would then go in with the borrower, who brings the first month's payment, and the loan origination fee. No down payment is required to make an asset purchase. The Banks would supply the capital from the US Treasury to complete the purchase. The local bank and the borrower than purchase the property together. No interest is collected. How the bank covers its costs is by charging administrative fees to service the loan as they do now. The borrower than starts into repayment and begins building equity from day one becoming a bigger part-owner of the property until he has paid for the property and is 100% owner.
MISSED PAYMENTS = PROFIT
If the borrower fails to make a monthly payment on the property. Then that monthly payment is deducted from the equity that the borrower has in the property. The borrower divests himself of ownership of the property by the value of the missed payment. But foreclosure/bankruptcy would not occur until the borrower lost all equity in the property. So, the no-interest loan becomes an immediate reverse mortgage which at any time can become a source of emergency credit. Missed payments then become profit for the bank.
GOVERNMENT REVENUE
Full Reserve Banking could mean increased revenue for the federal government. Currently the federal government only collects prime interest on a small fraction of the money that is created. This amounts for about less that 50 billion/year. Imagine if the Federal government could collect a fee based on all the (no-interest) money that was created and injected into our economy? And now that we have paid off our debts, that would mean we could balance our national budgets and have plenty of cash to cover our expenses.
SELF-SUFFICIENCY
One main problem that stands in our way of doing this today is the fact that our country has out-sourced so much of our manufacturing base to multi-national companies. This dependence on foreign corporations could be used as leverage to prevent the US from taking back the power to create and regulate our own money.
2 Ne. 9: 51 Wherefore, do not spend money for that which is of no worth
STOCKS AND VENTURE CAPITAL
I am thinking about it stocks have any place in a no-usury/full reserve system. And I think they do have some part. I would like a system that shields banks from as much risk as possible. Therefore, they would only extend these no-interest loans for assets that have permenant value like land, buildings, houses that dont depreciate necessarily. But for R&D, and business loans for capital investment I think businesses could get credit based on prior and current sales. But for new ideas, private venture capital could be used and stocks for this kind of thing due to the inherent risk yet importance of research and new business creation.
NO-INTEREST LOAN EXAMPLE
If you wanted to purchase a $200,000 home, and pay $1000/month as a monthly payment. At no interest, it would take 200 months to pay back the money. That would be less than 17 years. Borrowing $200,000 would be "no interest", but it wouldn't be free. To cover the administrative costs of our "Community Safety Society Anti-Bank" you would bring your first month's payment and a a "loan origination fee" of say 1-2% or $2-4,000. I'd have to think how much it would cost and how many home loans would need to be processed to cover the bank overhead. There would also be an administrative fee associated with the monthly payment of 1-2% of the payment which would be about $1-200. Fees would be just enough to cover the cost of business. No down payment is required.
NON-PROFIT STATUS
The Bank would operate as a non-profit. So, the purpose of the bank is not to amass capital as it would have access to all the capital it needed from the US Treasury. Its role would be to assure the credit-worthiness of the the borrower.
INFLATION EFFECTS
Inflation wouldn't be such a big deal for the bank. The bank gets the money no-interest from the US Treasury. It passes the borrowing fee on to the borrower and adds on some extra to cover administrative costs. If there is inflation, housing prices go up, salaries go up, which only benefits the borrower. But in this system, inflation doesn't hurt the US Government or the Bank. But my hunch is without the amortized loan, the US wouldn't experience the kind of inflation that it does now.
Wednesday, November 10, 2010
Prophecy of Future American Civil War
"The next great (U.S. civil) war after the war of the rebellion (the Civil War of the 1860's between the North and the South) will commence in a little town now called Chicago but at that time it would have grown to be a very large city and the cause of the next great trouble will be the depreciation of the currency of the United States". - A. Milton Musser papers, LDS Church Archives, letter from Nephi Packard to A. Milton Musser, July 24, 1896.)
On October 19. 2010 US Treasury Secretary Timothy Geithner said yesterday that the United States would not devalue its dollar to boost export growth. "It is not going to happen in this country," Geithner told Silicon Valley business leaders at a meeting in Palo Alto. The country needs to work hard to preserve confidence in the strong dollar, according to the Treasury Secretary. "It is very important for people to understand that the United States of America and no country around the world can devalue its way to prosperity, to be competitive," he added. "It is not a viable, feasible strategy and we will not engage in it."
Ben Bernake of the FED announced QE2 or Quantitative Easing which is a devaluation of the dollar by printing money (buying bonds) instead of borrowing (selling bonds). China has downgraded US credit and is no longer purchasing US T-Bills. TARP stimulus that the banks used to buy up T-Bill up to this point has run out. President Obama is visiting India and Indonesia looking for countries that will buy our T-Bills in exchange for military protection.
In response to the devaluation of US Currency, China may have fired a ballistic missile from a nuclear submarine just 35-miles off the coast of LA to discredit US military supremacy. What kind of protection can the US military provide if Chinese nuclear subs can sit just 35 miles off one of our major cities and fire off ICBM's?
Rome was destroyed by the insurrection of Foederati led by Odoacer. The Foederati were alien German Barbarians that were non-Roman citizens permitted to settle within the Roman Empire if they served in the military. I wonder if illegal immigrants would be used as the Foederati were in Rome. Recently we have been seeing the Congress attempting to pass the "Dream Act" which would grant amnesty to illegals who serve in the military. If the US goes to war with Iran and WW3 results involving Russia and China, I cannot imagine things going well for us. Therefore, I imagine the military will likely take anyone they can get. The question remains, what is it that will cause the "remnants" to "become exceedingly angry?" In light of this, I am in favor of doing whatever doesn't anger the "remnant of the seed of Jacob" who live among us.
D&C 87:5 And it shall come to pass also that the remnants who are left of the land will marshal themselves, and shall become exceedingly angry, and shall vex the Gentiles with a sore vexation.
3Ne20:15-16 And I say unto you, that if the Gentiles do not repent after the blessing which they shall receive, after they have scattered my people—Then shall ye, who are a remnant of the house of Jacob, go forth among them; and ye shall be in the midst of them who shall be many; and ye shall be among them as a lion among the beasts of the forest, and as a young blion among the flocks of sheep, who, if he goeth through both treadeth down and teareth in pieces, and none can deliver.
3Ne21:12 And my people who are a remnant of Jacob shall be among the Gentiles, yea, in the midst of them as a lion among the beasts of the forest, as a young lion among the flocks of sheep, who, if he go through both treadeth down and teareth in pieces, and none can deliver.
On October 19. 2010 US Treasury Secretary Timothy Geithner said yesterday that the United States would not devalue its dollar to boost export growth. "It is not going to happen in this country," Geithner told Silicon Valley business leaders at a meeting in Palo Alto. The country needs to work hard to preserve confidence in the strong dollar, according to the Treasury Secretary. "It is very important for people to understand that the United States of America and no country around the world can devalue its way to prosperity, to be competitive," he added. "It is not a viable, feasible strategy and we will not engage in it."
Ben Bernake of the FED announced QE2 or Quantitative Easing which is a devaluation of the dollar by printing money (buying bonds) instead of borrowing (selling bonds). China has downgraded US credit and is no longer purchasing US T-Bills. TARP stimulus that the banks used to buy up T-Bill up to this point has run out. President Obama is visiting India and Indonesia looking for countries that will buy our T-Bills in exchange for military protection.
In response to the devaluation of US Currency, China may have fired a ballistic missile from a nuclear submarine just 35-miles off the coast of LA to discredit US military supremacy. What kind of protection can the US military provide if Chinese nuclear subs can sit just 35 miles off one of our major cities and fire off ICBM's?
Rome was destroyed by the insurrection of Foederati led by Odoacer. The Foederati were alien German Barbarians that were non-Roman citizens permitted to settle within the Roman Empire if they served in the military. I wonder if illegal immigrants would be used as the Foederati were in Rome. Recently we have been seeing the Congress attempting to pass the "Dream Act" which would grant amnesty to illegals who serve in the military. If the US goes to war with Iran and WW3 results involving Russia and China, I cannot imagine things going well for us. Therefore, I imagine the military will likely take anyone they can get. The question remains, what is it that will cause the "remnants" to "become exceedingly angry?" In light of this, I am in favor of doing whatever doesn't anger the "remnant of the seed of Jacob" who live among us.
D&C 87:5 And it shall come to pass also that the remnants who are left of the land will marshal themselves, and shall become exceedingly angry, and shall vex the Gentiles with a sore vexation.
3Ne20:15-16 And I say unto you, that if the Gentiles do not repent after the blessing which they shall receive, after they have scattered my people—Then shall ye, who are a remnant of the house of Jacob, go forth among them; and ye shall be in the midst of them who shall be many; and ye shall be among them as a lion among the beasts of the forest, and as a young blion among the flocks of sheep, who, if he goeth through both treadeth down and teareth in pieces, and none can deliver.
3Ne21:12 And my people who are a remnant of Jacob shall be among the Gentiles, yea, in the midst of them as a lion among the beasts of the forest, as a young lion among the flocks of sheep, who, if he go through both treadeth down and teareth in pieces, and none can deliver.
Sunday, November 07, 2010
Jeckyll Island and Magna Carta
1. The International Banksters are meeting this week at Jekyll Island in Georgia to commemorate 100 years since the first meetings there in 1910 where the plans for the Federal Reserve were drawn up. Despite all the 2012 Mayan Calendar hype, the only other thing that is rumored to end on Dec 21, 2012 is the Federal Reserve Act or New York FED Bank Charter. (This may be false as I cannot verify). Knowing the unpopularity of the FED, I wonder just what the global elite are scheming to replace it with. So far it seems this group has done a fine job bankrupting the world and trashing the dollar. With China making deals with Iran, Iraq, and Russia to buy oil in Yuan and not sticking with the British-Saudi Petro-Dollar System, the dollar as the world reserve currency is swirling the drain.
2. I have been thinking some about Prince John. You know, evil Prince John, the cowardly brother of the Great Richard the Lionhearted, who is depicted by Hollywood and Disney as the bad guy. LDS Scripture tells us that when Christ returns to the Earth, Jesus Christ will reveal to us the history of the Earth from start to finish. Thinking on this, I came to realize that the only reason that this would be necessary is because everything we think we know must be false. And that is where Prince John comes in.
Could it be that King John was a good guy. I mean, despite what we are brainwashed to believe via the Robin Hood myth, King John did sign the Magna Carta. What was the Magna Carta? The Magna Carta was just about one of the most important documents ever to come out of the middle ages which recognized and protected the rights of the common man against the power of the crown.
Monarchy is based on the idea that all rights are given by God to the King and that the subjects of the King are given only those privileges that the King determines to give them. The King as the ultimate authority has the absolute power to grant life, liberty, and property and take it away for any reason or no reason.
Constitutional government is based on the total opposite basis. According to the Constitution, all rights are unalienable and given by God to man. Government instead is granted privileges expressly enumerated by law in the Constitution. And those privileges can be taken back by the people at any time.
The Magna Carta signed by King John was one of the earliest documents since Christ to recognize and protect the independence of the church, the rights of the common man and common law. Passed in 1215, the most important part of the Magna Carta states that "no "freeman"could be punished except through the law of the land."
Clause 1 (Religious Freedom): FIRST, We have granted to God, and by this our present Charter have confirmed, for Us and our Heirs for ever, that the Church of England shall be free, and shall have all her whole Rights and Liberties inviolable. We have granted also, and given to all the Freemen of our Realm, for Us and our Heirs for ever, these Liberties under-written, to have and to hold to them and their Heirs, of Us and our Heirs for ever.
Clauses 12 and 14 (Taxation with Representation) state that taxes can only be levied and assessed by the common counsel of the realm
Clause 29 (Due Process). NO Freeman shall be taken or imprisoned, or be disseised of his Freehold, or Liberties, or free Customs, or be outlawed, or exiled, or any other wise destroyed; nor will We not pass upon him, nor condemn him, but by lawful judgment of his Peers, or by the Law of the Land. We will sell to no man, we will not deny or defer to any man either Justice or Right.
The history books tell us that the Barons forced King John to sign the Magna Carta. But after seeing the latest Hollywood Robin Hood movie, and several not-so-subtle references to the masons/illuminati, I wonder who forced who to do the signing.
2. I have been thinking some about Prince John. You know, evil Prince John, the cowardly brother of the Great Richard the Lionhearted, who is depicted by Hollywood and Disney as the bad guy. LDS Scripture tells us that when Christ returns to the Earth, Jesus Christ will reveal to us the history of the Earth from start to finish. Thinking on this, I came to realize that the only reason that this would be necessary is because everything we think we know must be false. And that is where Prince John comes in.
Could it be that King John was a good guy. I mean, despite what we are brainwashed to believe via the Robin Hood myth, King John did sign the Magna Carta. What was the Magna Carta? The Magna Carta was just about one of the most important documents ever to come out of the middle ages which recognized and protected the rights of the common man against the power of the crown.
Monarchy is based on the idea that all rights are given by God to the King and that the subjects of the King are given only those privileges that the King determines to give them. The King as the ultimate authority has the absolute power to grant life, liberty, and property and take it away for any reason or no reason.
Constitutional government is based on the total opposite basis. According to the Constitution, all rights are unalienable and given by God to man. Government instead is granted privileges expressly enumerated by law in the Constitution. And those privileges can be taken back by the people at any time.
The Magna Carta signed by King John was one of the earliest documents since Christ to recognize and protect the independence of the church, the rights of the common man and common law. Passed in 1215, the most important part of the Magna Carta states that "no "freeman"could be punished except through the law of the land."
Clause 1 (Religious Freedom): FIRST, We have granted to God, and by this our present Charter have confirmed, for Us and our Heirs for ever, that the Church of England shall be free, and shall have all her whole Rights and Liberties inviolable. We have granted also, and given to all the Freemen of our Realm, for Us and our Heirs for ever, these Liberties under-written, to have and to hold to them and their Heirs, of Us and our Heirs for ever.
Clauses 12 and 14 (Taxation with Representation) state that taxes can only be levied and assessed by the common counsel of the realm
Clause 29 (Due Process). NO Freeman shall be taken or imprisoned, or be disseised of his Freehold, or Liberties, or free Customs, or be outlawed, or exiled, or any other wise destroyed; nor will We not pass upon him, nor condemn him, but by lawful judgment of his Peers, or by the Law of the Land. We will sell to no man, we will not deny or defer to any man either Justice or Right.
The history books tell us that the Barons forced King John to sign the Magna Carta. But after seeing the latest Hollywood Robin Hood movie, and several not-so-subtle references to the masons/illuminati, I wonder who forced who to do the signing.
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