I have written several posts here talking about how the most recent economic downturn was not directly the fault of subprime mortgage defaults but a result of the inherent instability of fractional-reserve banking and the AAA rating and selling of Mortgage Backed Security Derivatives/Toxic Assets/Collaterized Debt Obligations.
April 16th, the SEC filed a civil suit against Goldman Sachs for knowingly selling these Toxic Assets while at the same time betting against them and buying other derivatives that would increase in value in the event of a housing market downturn. So, while many banks bought up these MBS/ABS/CDO's, Goldman and Hedge Funds like Paulson and Co made billions first selling and then shorting the market. Goldman investors in ABACUS 2007-AC1 lost $10.9 Billion.
The evidence behind this civil suit involved several leaked internal emails discussing the racket. Goldman employee Fabrice Tourre is quoted/exerpted in an email to a friend on January 23, 2007 as saying:
“More and more leverage in the system, The whole building is about to collapse anytime now…"
"Only potential survivor, the fabulous Fab[rice Tourre]…"
"standing in the middle of all these complex, highly leveraged, exotic trades he created
without necessarily understanding all of the implications of those monstruosities!!!”
Similarly, an email on February 11, 2007 to Tourre from the head of the GS&Co structured product correlation trading desk stated in part, “the cdo biz is dead we don’t have a lot of time left.”
Goldman released the following statement: "We certainly did not know the future of the residential housing market in the first half of 2007 any more than we can predict the future of markets today,” Goldman wrote. “We also did not know whether the value of the instruments we sold would increase or decrease...Although Goldman Sachs held various positions in residential mortgage-related products in 2007, our short positions were not a ‘bet against our clients.’ Instead, the trades were used to hedge other trading positions,"
Goldman seems to be arguing that their shorting these CDO's is not much different than playing the "Don't Pass" Bar in Craps. But, even if Goldman Sachs and Paulson and Co take the fall for this, I am of the opinion that this is only the tip of the iceberg. Because although Paulson and Co made billions shorting these CDO's, The Banks who initially lost money and then were given bailout TARP money are the ones making trillions. Banks who received TARP money and additional money in the $11 trillion bailout turned around and bought US Treasury Bonds which earn 3%. And don't forget when a bank gets money from the government, it creates money on that money due to fractional-reserve lending, so that due to the money multiplier that $11 Trillion could have turned into hundreds of trillions. Who knows how many trillions of T-Bills the Banks purchased and how many billions the US government is now having to pay at 3% rate of return.
Again, Goldman and Paulson and Co. are just the tip of the iceberg. Goldman seemed to know from the emails that the housing market balloon was soon to burst in 2008. And that implicates the FED who stopped releasing M3 money supply numbers in 2006 when M3 immediately inflated to record levels and then was sharply contracted in 2008.
My hope is that this investigation does not begin and end with Fabrice Tourre. I have a hard time believing this deal was pulled off by a lone gunman.
Questions:
1. Why were speculative Derivatives/ABS/MBS/CDOs created?
2. How did ENRON abuse derivatives based on internet bandwidth?
3. Why did the SEC institute a "Mark-to-Market" policy for derivatives?
4. How were S&P and Moody's fooled into giving "Tranched" CDO's a AAA rating?
5. Why were banks and cities lured into buying AAA "tranched" collaterized debt obligations instead of the usual safe AAA corporate bonds?
6. Why did the FED stop releasing M3 data in 2006?
7. Why did the M3 money supply immediately balloon 2006 and then contract sharply in 2008?
8. If the FED was no longer watching M3, why did the FED know to contract M1 at the same time M3 was ballooning thus keeping the money multipler M3/M0 constant until M3 was sharply contracted.
9. Why would the FED contract the Money Supply sharply knowing according to Bernake's confession at Milton Freedman's 90th Birthday that contraction of the money supply by the FED caused the Great Depression?
10. What did the Banks do with all the free TARP money they received from US Treasury?
11. If banks operate on fractional reserve lending, how much money did banks create from the trillions of dollars they received in TARP and other programs?
12. According to the FED's recent buying of 300 billion in long-term T-Bills, how many T-Bills did banks purchase and how much money is the US Taxpayer paying our banks to hold T-Bills which were paying 3% up until the FED bought a load of them.
Saturday, April 17, 2010
SEC charges Goldman Sachs with Fraud
I don't like thinking in terms of conspiracy either . I am still of the opinion that most people in our government are trying to do what was right even if they are misguided. But the truth of 911 really opened my eyes at the same time I was thinking about how to improve our system of economics.
As far as dealing with issues individually or globally. I agree that we need to strengthen individuals and families. Ruth and I have been helping the missionaries teach a deaf investigator. He had his baptismal interview yesterday and has asked me to baptize him this Sunday. But at the same time as a citizen, I hope that we can also be active politically because, as you know, the Proclamation invites community leaders to institute laws and policies that strengthen the family. .
It seems we have been fighting this battle for a long time. The strategy seems to be to exploit macro social problems by instituting oppressive individual micro policies. Health Care is another example of instituting policies that affect individual freedom instead of fixing the real problem which is the facility fee which is a financial problem. Again, there are many manifestations of this thinking that also is found in the government confiscating knitting needles before boarding a plane instead of better dealing with their intelligence and no-fly lists.
While Lord Monckton and others stood up to the false man-made global warming by exposing data falsification in what was called "climategate". Unfortunately, the issue of Carbon Cap and Trade/Tax has not gone away. Newt Gingrich (also a Bohemian Grove member) is the new front man for Man-Made Global Warming and will be running for president as a Republican in 2012.
War on Terror- Instituted Patriot Act allowing warrantless wiretaps and spying on US citizens
Womens Lib- Tax 100% population, and put children in daycare to weaken the family
Balloon Mortgage and low home ownership- inflationary amortized mortgage via FHA,HUD
Banking Failures and Panics- Power over money creation and borrowing given to the Federal Reserve, and removed dollar from gold standard.
Healthcare Costs- Socialized healthcare and quality rating determines rate of reimbursement which means the federal government could arbitrarily lower your rating and reduce your reimbursement.
3rd-World- exploitation of natural resources by so-called free trade and World Bank and International Monetary Fund to set up western banking and usury as a global system without competition.
This just in. I discussed before how it was evident the FED triggered the housing collapse 1. wages not keeping pace with the amortized loan inflation by design. 2. no longer reporting M3 as a measure of the money supply. 3. Expansion of M3 and then sudden contraction. 4. Rating AAA and selling of Mortgage Backed Securities Derivatives to banks to leverage fractional reserves. Yesterday Apr 17 the AP and Wall Street Journal reports that the SEC is charging Goldman Sachs with fraud regarding these MBS. From internal email, it has been discovered, that Hedge Fund Paulson and Co. colluded with Goldman to sell these MBS Derivatives while at the same time betting against the very derivatives that they were selling.
My problem here is, we were told the housing crisis was due to subprime mortgages and the poor enjoying home ownership. This case proves my point that it was not subprimes directly and not the poor primarily that caused the downturn but the MBS and the inherent instability of Fractional Reserve Lending. The initial story was to incite class resentment. My other problem is that I think Obama is rightly behind the SEC clamping down on Goldman. He has stated recently that he was targeting wallstreet despite Goldman Sachs being one of his largest campaign contributers. But I am concerned the investigation will not go deep enough. I hope the depth of the fraud is uncovered completely and we don't just end up with a fine and a couple of fall guys going to jail. This thing was well orchestrated involving rating agencies like S&P and Moody, SEC looking the other way, FED and M3, Goldman, etc.
The American People do not understand the level of fraud surrounding the bailout. The Government didnt just hand out 700 billion, This is just 1 of 3 bailout amounts in the total program. But due to fractional reserve lending the banks create hundreds of trillions of dollars from this money, and they went and didn't lend but instead bought trillions in TBills. Now the big banks own trillions in TBills and we are now paying them a perpetual 3% on top of the free money we gave them. We paid the banks to take our money and not the other way around.
This is like a chess match to these people. And once you realize the truth of 911, and what kind of murderous intentions a minority in power have, it is not hard to realize that they got what they wanted by playing Obama to push through Health Care Socialism. They want government control over the individual and government inaction when it comes to business and banking. The abuses of Big Business and Wall Street end with more government control over individuals but not more oversight of the Banks. Both the Republicans and Democrats end up as pawns in this game.
The Tea Parties held on Tax Day April 15th were originally a Ron Paul, Libertarian, Independent movement. Now they have been taken over by FOX news and Sean Hannity where the kinds of things I am saying can no longer be said.
As far as dealing with issues individually or globally. I agree that we need to strengthen individuals and families. Ruth and I have been helping the missionaries teach a deaf investigator. He had his baptismal interview yesterday and has asked me to baptize him this Sunday. But at the same time as a citizen, I hope that we can also be active politically because, as you know, the Proclamation invites community leaders to institute laws and policies that strengthen the family. .
It seems we have been fighting this battle for a long time. The strategy seems to be to exploit macro social problems by instituting oppressive individual micro policies. Health Care is another example of instituting policies that affect individual freedom instead of fixing the real problem which is the facility fee which is a financial problem. Again, there are many manifestations of this thinking that also is found in the government confiscating knitting needles before boarding a plane instead of better dealing with their intelligence and no-fly lists.
While Lord Monckton and others stood up to the false man-made global warming by exposing data falsification in what was called "climategate". Unfortunately, the issue of Carbon Cap and Trade/Tax has not gone away. Newt Gingrich (also a Bohemian Grove member) is the new front man for Man-Made Global Warming and will be running for president as a Republican in 2012.
War on Terror- Instituted Patriot Act allowing warrantless wiretaps and spying on US citizens
Womens Lib- Tax 100% population, and put children in daycare to weaken the family
Balloon Mortgage and low home ownership- inflationary amortized mortgage via FHA,HUD
Banking Failures and Panics- Power over money creation and borrowing given to the Federal Reserve, and removed dollar from gold standard.
Healthcare Costs- Socialized healthcare and quality rating determines rate of reimbursement which means the federal government could arbitrarily lower your rating and reduce your reimbursement.
3rd-World- exploitation of natural resources by so-called free trade and World Bank and International Monetary Fund to set up western banking and usury as a global system without competition.
This just in. I discussed before how it was evident the FED triggered the housing collapse 1. wages not keeping pace with the amortized loan inflation by design. 2. no longer reporting M3 as a measure of the money supply. 3. Expansion of M3 and then sudden contraction. 4. Rating AAA and selling of Mortgage Backed Securities Derivatives to banks to leverage fractional reserves. Yesterday Apr 17 the AP and Wall Street Journal reports that the SEC is charging Goldman Sachs with fraud regarding these MBS. From internal email, it has been discovered, that Hedge Fund Paulson and Co. colluded with Goldman to sell these MBS Derivatives while at the same time betting against the very derivatives that they were selling.
My problem here is, we were told the housing crisis was due to subprime mortgages and the poor enjoying home ownership. This case proves my point that it was not subprimes directly and not the poor primarily that caused the downturn but the MBS and the inherent instability of Fractional Reserve Lending. The initial story was to incite class resentment. My other problem is that I think Obama is rightly behind the SEC clamping down on Goldman. He has stated recently that he was targeting wallstreet despite Goldman Sachs being one of his largest campaign contributers. But I am concerned the investigation will not go deep enough. I hope the depth of the fraud is uncovered completely and we don't just end up with a fine and a couple of fall guys going to jail. This thing was well orchestrated involving rating agencies like S&P and Moody, SEC looking the other way, FED and M3, Goldman, etc.
The American People do not understand the level of fraud surrounding the bailout. The Government didnt just hand out 700 billion, This is just 1 of 3 bailout amounts in the total program. But due to fractional reserve lending the banks create hundreds of trillions of dollars from this money, and they went and didn't lend but instead bought trillions in TBills. Now the big banks own trillions in TBills and we are now paying them a perpetual 3% on top of the free money we gave them. We paid the banks to take our money and not the other way around.
This is like a chess match to these people. And once you realize the truth of 911, and what kind of murderous intentions a minority in power have, it is not hard to realize that they got what they wanted by playing Obama to push through Health Care Socialism. They want government control over the individual and government inaction when it comes to business and banking. The abuses of Big Business and Wall Street end with more government control over individuals but not more oversight of the Banks. Both the Republicans and Democrats end up as pawns in this game.
The Tea Parties held on Tax Day April 15th were originally a Ron Paul, Libertarian, Independent movement. Now they have been taken over by FOX news and Sean Hannity where the kinds of things I am saying can no longer be said.
Sunday, April 11, 2010
Neofeudalism vs. Self-Government
The Protocols of the Learned Elders of Zion is a document that surfaced in Russia in the 1920's that Hitler used to turn the poor Germans against the Working-class Jews. Anti-semetism spilled over to the US where IV League colleges in the US had strict quotas restricting Jews from admission. The Protocols detail a nefarious plot to achieve world domination and a one-world super government. This same document circulated in the US fueled significant antisemitism here at home as well. However one obvious issue here that I see is that the Protocols are not written by a Jew. Although the document refers to us as "Jews" and them as "Gentile" the document is signed at the bottom by a 33-degree Elder or Scottish Rite Mason.
Regardless of its authorship, the entire document is based on a false assumption. That false assumption of the Protocols is that a majority of man cannot govern themselves. According to the protocols, men are inherently evil, selfish, ignorant, depraved, and savage. Therefore, a government based on self-government is destined to fall into anarchy. Since a majority of people are evil, a democracy where the majority rules will oppress the minority. And, elected officials elected by the majority will be no less depraved, selfish, ignorant, and savage than the people who elected them. Therefore, according to the document, the "Gentiles" need to have a king and an elite aristocracy to rule over them for their own good.
However, the constitutional republic set up in America is not a democracy. The Founding Fathers believed that tyranny of the majority over the minority was as bad as tyranny by a king, oligarchy, or aristocracy. Also, the US constitutional republic never intended that people govern themselves alone. In the US system, individuals are assisted in self-government through local institutions and governing bodies such as PTA, Guilds, Churches, Civic Clubs and Professional Associations. These bodies serve to inform and regulate personal and public behavior. And where leaders are selected, these local leaders are elected by the people as opposed to an Aristocracy who act as absent landlords who claim rights to power based not on election, nor divine right but based on superior genetics and the principal of force. Basically, according to the Protocols, the right to rule is based on whomever is powerful enough and cunning enough to rule. But, the Protocols are mistaken when they define self-government, as government without the assistance of institutions. In contrast, our republic refers local elected governments over aristocratic absentee landlords.
Another contradiction of the Protocols is that if the Protocols believe that self-government ultimately ends in anarchy, and they seek to institute order from that chaos in the form of a one-world super-government, then why would they need to mettle in our politics so much to entrap, corrupt, threaten, bribe, and blackmail our leaders and manipulate our economy and political system into failure. If our form of government is destined for failure, why not just sit on the sideline ready to step in when needed.
Regardless of its authorship, the entire document is based on a false assumption. That false assumption of the Protocols is that a majority of man cannot govern themselves. According to the protocols, men are inherently evil, selfish, ignorant, depraved, and savage. Therefore, a government based on self-government is destined to fall into anarchy. Since a majority of people are evil, a democracy where the majority rules will oppress the minority. And, elected officials elected by the majority will be no less depraved, selfish, ignorant, and savage than the people who elected them. Therefore, according to the document, the "Gentiles" need to have a king and an elite aristocracy to rule over them for their own good.
However, the constitutional republic set up in America is not a democracy. The Founding Fathers believed that tyranny of the majority over the minority was as bad as tyranny by a king, oligarchy, or aristocracy. Also, the US constitutional republic never intended that people govern themselves alone. In the US system, individuals are assisted in self-government through local institutions and governing bodies such as PTA, Guilds, Churches, Civic Clubs and Professional Associations. These bodies serve to inform and regulate personal and public behavior. And where leaders are selected, these local leaders are elected by the people as opposed to an Aristocracy who act as absent landlords who claim rights to power based not on election, nor divine right but based on superior genetics and the principal of force. Basically, according to the Protocols, the right to rule is based on whomever is powerful enough and cunning enough to rule. But, the Protocols are mistaken when they define self-government, as government without the assistance of institutions. In contrast, our republic refers local elected governments over aristocratic absentee landlords.
Another contradiction of the Protocols is that if the Protocols believe that self-government ultimately ends in anarchy, and they seek to institute order from that chaos in the form of a one-world super-government, then why would they need to mettle in our politics so much to entrap, corrupt, threaten, bribe, and blackmail our leaders and manipulate our economy and political system into failure. If our form of government is destined for failure, why not just sit on the sideline ready to step in when needed.
Saturday, April 10, 2010
Financial, Banking, and Economic Solutions 2
Ron Paul and others have spoken out passionately and rightly about ending the FED (Federal Reserve Bank). However, I am convinced that this step alone will do little to improve things in the US unless the policies the FED has instituted over the years are also reversed. The FED has already instituted harmful tools of manipulation and exploitation such as the amortized home loan, fractional-reserve banking, futures and derivatives markets, and money not backed by gold. Unless we reverse these damaging policies, even without the FED, the US Treasury would likely continue the very same programs run by the FED.
If I had to give priority to the suggestions I gave in my previous Email it would be to end the FED. That would begin to take away the power of these people. But, you cannot stop there. I think many are wrong that ending the FED alone will solve the problem. These people are so entrenched in our economy, they need to be rooted out. As I said in my previous email, even if the FED were done away, we still have the problem of the Amortized Home Mortgage which is an instrument to divide our society and destroy the family. I would like to nstitute all of these reforms together. However, I am sure that would be near impossible. One critical issue to deal with first will be to rebuild our domestic manufacturing infrastructure which has been systematically dismantled.
However, If I could pick 2 things to do. I would end the FED, and then I would establish a new non-profit anti-banking system known as the Community Safety Society which would get rid of the amortized home loan.
1. Get rid of the Bohemian Club Members from positions of power (Go home Boho's)
2. End the FED: Ron Paul has studied much on this issue.
3. Full-Reserve Banking
4. Campaign Finance Reform
5. Protect Local Free Markets and Producers
6. Local Banking and Lending Reform (Community Safety Societies)
7. Gold Standard
8. Rebuild Domestic Manufacturing Infrastructure
9. End Derivatives and Speculative Markets
I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated governments in the civilized world. No longer a government by free opinion, no longer a government by conviction and the vote of the majority, but a government by the opinion and duress of a small group of dominant men. ~ Woodrow Wilson
I hope it came through in my previous email the point that the Protocols is a plan to institute a one world government. In the Protocols, it describes several strategies to manipulate and exploit our economic system.
"The only statement I care to make about the Protocols is that they fit in with what is going on. They are sixteen years old, and they have fitted the world situation up to this time. They fit it now." --Henry Ford
1. "The Protocols" suggest that savings be in the form of stocks and bonds such that they be "speculative" and when the elite cause economic collapse, our savings will slip out of our hands and fall into their hands. We all have seen this again and again as our 401k's became 201k's after the DOT.com bust and the housing crisis. We should also remember that this is a fulfillment of prophecy in the Book of Mormon too as their wealth also "became slippery". Our focus should be on maintaining the value of our savings and not the lure of usury which is prohibited in the Bible. (BTW I have written several blog posts on the introduction of usury in modern banking beginning with the Knight's Templar and Hospitalars).
2. "The Protocols" perfectly describe the mechanism for triggering Depressions and Recessions in the economy by contracting the money supply (lubricant). I hope you caught the detail of Ben Bernanke confessing to this to Milton Friedman saying that Dr. Friedman was correct on this and the FED did cause the Great Depression by contracting the money supply. Knowing that the FED understands perfectly well the mechanics of our economy, I hope you see that the FED purposefully caused the latest economic meltdown by ceasing the reporting of M3 in 2006 at the same time they were massively inflating M3 while cutting M1 to hide the increase, and telling us that M3 did not give any important information. The FED then purposefully contracted M3 sharply in 2008 to cause the most recent collapse.
http://www.amcalrealestate.com/wp-content/uploads/2009/07/money-supply-rate-of-change.gif
The change in line color represents the point in time when the FED stopped disclosing M3
This confession by the FED that contraction of the money supply triggers Depressions is significant because at the time of the Depression, FDR blamed Hoover for causing the Depression because of economic protectionism. Since then the Republican Party became Free Trade which was traditionally a part of the Dixiecrat/Democrat platform. Traditional Republicans like Lincoln and McKinley were economic protectionists. I am not surprised that both were assassinated. McKinley was killed in 2001 after preserving the Gold Standard Act in 1900. Lincoln was killed for printing Greenbacks, and JFK was killed after his executive order 11110 involving the issuing of silver certificates by the US Treasury. LBJ's first act as President was to resent order 11110. Nixon later took the US off the gold standard completely.
"Under free trade the trader is the master and the producer the slave. Protection is but the law of nature, the law of self-preservation, of self-development, of securing the highest and best destiny of the race of man. [It is said] that protection is immoral…. Why, if protection builds up and elevates 63,000,000 [the U.S. population] of people, the influence of those 63,000,000 of people elevates the rest of the world. We cannot take a step in the pathway of progress without benefiting mankind everywhere. Well, they say, ‘Buy where you can buy the cheapest'…. Of course, that applies to labor as to everything else. Let me give you a maxim that is a thousand times better than that, and it is the protection maxim: ‘Buy where you can pay the easiest.' And that spot of earth is where labor wins its highest rewards." -- William McKinley
3. "The Protocols" also describe how commodities markets would be manipulated by financial instruments such as futures and derivatives. They require that money be taken off the gold standard, and they require that power be taken from the works and producers (local masters) and given to the capitalists and monopolists, and finally how they would bankrupt our country by increased deficit and debt.
4. Recently the government put up 700bil dollars in TARP to purchase the Mortgage-Backed Security Derivatives that had become worthless and wiped out banks fractional-reserves which was the real reason they could no longer loan money. Banks took the 700bil at 0% interest and turned around and purchased long term T-Bills with that money. That means that the US government is now paying the Banks 3% interest on top of it all. So, as it turns out, instead of the Banks paying us to use our money, we are now paying the banks to take our money. In reaction, the FED itself has made an unprecedented purchase of 300bil in long-term T-Bills. They claim they purchased these T-Bills so the banks couldn't and so the Banks would return to their usual lending practices. This move by the FED to buy long-range T-Bills is very inflationary. Too bad we are too distracted by Tiger Woods to discuss these more important issues.
5. The danger of having these OneWorlder's in charge is that they have added depopulation to their agenda as is evidenced by the Georgia Guidestones, and these people's continual honoring Chairman Mao. When these people begin to institute their plans for depopulation (tribulation) the scriptures tell us if Christ were not to intercede, there would be no flesh left upon the Earth.
If I had to give priority to the suggestions I gave in my previous Email it would be to end the FED. That would begin to take away the power of these people. But, you cannot stop there. I think many are wrong that ending the FED alone will solve the problem. These people are so entrenched in our economy, they need to be rooted out. As I said in my previous email, even if the FED were done away, we still have the problem of the Amortized Home Mortgage which is an instrument to divide our society and destroy the family. I would like to nstitute all of these reforms together. However, I am sure that would be near impossible. One critical issue to deal with first will be to rebuild our domestic manufacturing infrastructure which has been systematically dismantled.
However, If I could pick 2 things to do. I would end the FED, and then I would establish a new non-profit anti-banking system known as the Community Safety Society which would get rid of the amortized home loan.
1. Get rid of the Bohemian Club Members from positions of power (Go home Boho's)
2. End the FED: Ron Paul has studied much on this issue.
3. Full-Reserve Banking
4. Campaign Finance Reform
5. Protect Local Free Markets and Producers
6. Local Banking and Lending Reform (Community Safety Societies)
7. Gold Standard
8. Rebuild Domestic Manufacturing Infrastructure
9. End Derivatives and Speculative Markets
I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated governments in the civilized world. No longer a government by free opinion, no longer a government by conviction and the vote of the majority, but a government by the opinion and duress of a small group of dominant men. ~ Woodrow Wilson
I hope it came through in my previous email the point that the Protocols is a plan to institute a one world government. In the Protocols, it describes several strategies to manipulate and exploit our economic system.
"The only statement I care to make about the Protocols is that they fit in with what is going on. They are sixteen years old, and they have fitted the world situation up to this time. They fit it now." --Henry Ford
1. "The Protocols" suggest that savings be in the form of stocks and bonds such that they be "speculative" and when the elite cause economic collapse, our savings will slip out of our hands and fall into their hands. We all have seen this again and again as our 401k's became 201k's after the DOT.com bust and the housing crisis. We should also remember that this is a fulfillment of prophecy in the Book of Mormon too as their wealth also "became slippery". Our focus should be on maintaining the value of our savings and not the lure of usury which is prohibited in the Bible. (BTW I have written several blog posts on the introduction of usury in modern banking beginning with the Knight's Templar and Hospitalars).
2. "The Protocols" perfectly describe the mechanism for triggering Depressions and Recessions in the economy by contracting the money supply (lubricant). I hope you caught the detail of Ben Bernanke confessing to this to Milton Friedman saying that Dr. Friedman was correct on this and the FED did cause the Great Depression by contracting the money supply. Knowing that the FED understands perfectly well the mechanics of our economy, I hope you see that the FED purposefully caused the latest economic meltdown by ceasing the reporting of M3 in 2006 at the same time they were massively inflating M3 while cutting M1 to hide the increase, and telling us that M3 did not give any important information. The FED then purposefully contracted M3 sharply in 2008 to cause the most recent collapse.
http://www.amcalrealestate.
The change in line color represents the point in time when the FED stopped disclosing M3
This confession by the FED that contraction of the money supply triggers Depressions is significant because at the time of the Depression, FDR blamed Hoover for causing the Depression because of economic protectionism. Since then the Republican Party became Free Trade which was traditionally a part of the Dixiecrat/Democrat platform. Traditional Republicans like Lincoln and McKinley were economic protectionists. I am not surprised that both were assassinated. McKinley was killed in 2001 after preserving the Gold Standard Act in 1900. Lincoln was killed for printing Greenbacks, and JFK was killed after his executive order 11110 involving the issuing of silver certificates by the US Treasury. LBJ's first act as President was to resent order 11110. Nixon later took the US off the gold standard completely.
"Under free trade the trader is the master and the producer the slave. Protection is but the law of nature, the law of self-preservation, of self-development, of securing the highest and best destiny of the race of man. [It is said] that protection is immoral…. Why, if protection builds up and elevates 63,000,000 [the U.S. population] of people, the influence of those 63,000,000 of people elevates the rest of the world. We cannot take a step in the pathway of progress without benefiting mankind everywhere. Well, they say, ‘Buy where you can buy the cheapest'…. Of course, that applies to labor as to everything else. Let me give you a maxim that is a thousand times better than that, and it is the protection maxim: ‘Buy where you can pay the easiest.' And that spot of earth is where labor wins its highest rewards." -- William McKinley
3. "The Protocols" also describe how commodities markets would be manipulated by financial instruments such as futures and derivatives. They require that money be taken off the gold standard, and they require that power be taken from the works and producers (local masters) and given to the capitalists and monopolists, and finally how they would bankrupt our country by increased deficit and debt.
4. Recently the government put up 700bil dollars in TARP to purchase the Mortgage-Backed Security Derivatives that had become worthless and wiped out banks fractional-reserves which was the real reason they could no longer loan money. Banks took the 700bil at 0% interest and turned around and purchased long term T-Bills with that money. That means that the US government is now paying the Banks 3% interest on top of it all. So, as it turns out, instead of the Banks paying us to use our money, we are now paying the banks to take our money. In reaction, the FED itself has made an unprecedented purchase of 300bil in long-term T-Bills. They claim they purchased these T-Bills so the banks couldn't and so the Banks would return to their usual lending practices. This move by the FED to buy long-range T-Bills is very inflationary. Too bad we are too distracted by Tiger Woods to discuss these more important issues.
5. The danger of having these OneWorlder's in charge is that they have added depopulation to their agenda as is evidenced by the Georgia Guidestones, and these people's continual honoring Chairman Mao. When these people begin to institute their plans for depopulation (tribulation) the scriptures tell us if Christ were not to intercede, there would be no flesh left upon the Earth.
Financial, Banking, and Economic Solutions
1. End the FED and take away the power of the financial elite to create money, to contract the money supply and trigger economic collapses (this strategy was found in the Protocols), and to pick winners and losers.
2. Institute full-reserve banking allowing the US Treasury the ability to collect prime or a fee on all money created. Currently the FED makes ab5out 45bil/yr on the money it creates. A full reserve system could mean 50X that amount in revenue depending on the money multiplier. This revenue could balance the budget, pay down the debt and decrease the need for income tax.
3. Allow local banks to borrow from the Treasury. Full reserve banking would create actual risk into the equation and local control and management would mean greater transparency and accountability. This cuts out the gluttonous money middlemen. Allowing local banks access to the lender of last resort will create stability in the system as all banks will have equal access to capital.
4. Return to the Gold and Silver Standard. This regulates inflation as no more money can be printed than the amount of gold and silver and other precious metals held in the US Treasury.
5. New Non-profit Banks and Non-Usury Banking. Banks would parter with a private citizen to purchase a property that is non-depreciating such as a business or home. The bank would collect an initial and yearly fee to cover servicing of the agreement. The bank would purchase the property on behalf of the individual whose down payment makes him a minority owner. The private citizen then repays the bank on a monthly basis. If the citizen misses a month, he doesn't lose the home, but loses a month of equity in the home. Repossession doesn''t occur until the citizen misses enough payments that he become completely divested of the property. Depreciation or appreciation of the asset/home value harms or benefits the private individual.
6. Use anti-trust laws to break up companies that have consolidated power that they have become too big to fail. No more bailouts. Allow companies to reorganize their debt and re-emerge from bankruptcy leaner and more profitable.
7. Institute campaign finance reform to limit the power of special interest influencing elections.
8. Eliminate all operations of the Federal Government not enumerated in the Constitution and its amendments and return those reserved powers to the States.
9. Protect Domestic Industry and Manufacturing by using tariffs to shield the US producer from cheap imports from companies who do not guarantee their workers the same standards and benefits and who are not constrained by the same environmental and safety laws.
10. Protect Free Markets by protecting the producer access to raw materials and access to the consumer. Protect the ability of the producer over the distributor (Walmart) to determine what price the consumer will pay for their product (i.e. suggested retail price). Also ending derivatives and futures markets which are used to artificially manipulate price of commodities (this strategy was found in the Protocols).
2. Institute full-reserve banking allowing the US Treasury the ability to collect prime or a fee on all money created. Currently the FED makes ab5out 45bil/yr on the money it creates. A full reserve system could mean 50X that amount in revenue depending on the money multiplier. This revenue could balance the budget, pay down the debt and decrease the need for income tax.
3. Allow local banks to borrow from the Treasury. Full reserve banking would create actual risk into the equation and local control and management would mean greater transparency and accountability. This cuts out the gluttonous money middlemen. Allowing local banks access to the lender of last resort will create stability in the system as all banks will have equal access to capital.
4. Return to the Gold and Silver Standard. This regulates inflation as no more money can be printed than the amount of gold and silver and other precious metals held in the US Treasury.
5. New Non-profit Banks and Non-Usury Banking. Banks would parter with a private citizen to purchase a property that is non-depreciating such as a business or home. The bank would collect an initial and yearly fee to cover servicing of the agreement. The bank would purchase the property on behalf of the individual whose down payment makes him a minority owner. The private citizen then repays the bank on a monthly basis. If the citizen misses a month, he doesn't lose the home, but loses a month of equity in the home. Repossession doesn''t occur until the citizen misses enough payments that he become completely divested of the property. Depreciation or appreciation of the asset/home value harms or benefits the private individual.
6. Use anti-trust laws to break up companies that have consolidated power that they have become too big to fail. No more bailouts. Allow companies to reorganize their debt and re-emerge from bankruptcy leaner and more profitable.
7. Institute campaign finance reform to limit the power of special interest influencing elections.
8. Eliminate all operations of the Federal Government not enumerated in the Constitution and its amendments and return those reserved powers to the States.
9. Protect Domestic Industry and Manufacturing by using tariffs to shield the US producer from cheap imports from companies who do not guarantee their workers the same standards and benefits and who are not constrained by the same environmental and safety laws.
10. Protect Free Markets by protecting the producer access to raw materials and access to the consumer. Protect the ability of the producer over the distributor (Walmart) to determine what price the consumer will pay for their product (i.e. suggested retail price). Also ending derivatives and futures markets which are used to artificially manipulate price of commodities (this strategy was found in the Protocols).
Subscribe to:
Posts (Atom)
