Introduction To Banking And
Paper Money
"If the
American people ever allow PRIVATE banks to control the issue of
their currency, first by inflation, then by deflation, the banks will
deprive The People of all property until their children wake-up
HOMELESS on the continent their fathers conquered. The issuing
power should be taken from the banks and restored to The People, to whom
it properly belongs".
— Thomas
Jefferson
"I
believe that banking institutions are more dangerous to our liberties
than standing armies. If the American people ever allow private banks to
control the issue of their currency, first by inflation, then by
deflation, the banks and corporations that will grow up around the banks
will deprive the people of all property until their children wake-up
homeless on the continent their fathers conquered."
— Thomas
Jefferson, 1802
Money as
Debt
(Understand the Money Scam)
[00:47:07]
– If you feel you are confused over how
money is created and how the scam works, despite articles you have read,
videos you have watched and research that you have done, it is not because
you are ‘stupid’, but that this system stems from sophisticated criminal
minds, and if you don’t have a criminal mind yourself, or are very good with
figures, it can be very hard to comprehend. However, this video is excellent
in explaining the whole concept simply. A MUST-SEE for everyone on this
planet! Wes Penre –
– by Paul Grignon, 2006 –
(Posted here:
Sunday, March 23, 2008)
The Banks Lend 70 Times Their Capitals
– The goldsmith soon realized that he could thus issue, without risk, ten
times more receipts than he had actual gold in his vault. As long as the
same ratio of people did not show up at his place and ask for their gold,
the goldsmith could go on with his confidence trick, but if all of his
customers show up and want their gold back, the whole system collapses, and
the fraud is unveiled: the goldsmith cannot repay them all, since there is
ten times less gold than he pretended to have in his vault! –
– by Alain Pilote –
(Posted here: Sunday, Aug 27, 2006)
How
Money Works – The Money Scam
– by Wes Penre –
(December 21.
2003)
Money What Is It?
– I swear by the Father who said "you can’t serve God and Mammon" that if you
really knew what money was, you’d want no part of it. –
– Hidden Mysteries E-Magazine –
(posted here: January 28, 2005)
What is a Dollar?
The question “What is a ‘dollar’?” seems trivial. Very few people,
however, can correctly define a “dollar,” even though a correct
definition is vital to their economic and political well-being. –
–
The Foundation of Economic Education, Nov 1994 –
(Posted here: Aug 7, 2005)
This
Ain’t Money
– fact #1 ) that worthless paper shown in the picture above is NOT MONEY …
it is the biggest sham ever created … the IMF world bank that sits above
the "FED" or federal reserve has produced what we should call "debt notes".
–
– JimCanneyScience.com –
(Posted here: Oct 26, 2005)
The
Banking System
– You go to a bank to borrow ‘money’. Or you think you do. In fact,
the ‘money’ is merely figures typed into your computer account. It
does not exist, except as figures in a computer program. The banks
are allowed to ‘lend’ at least ten times what they have on deposit –
but this ‘deposit’, too, is only figures on a screen. There is no
‘money’, it’s all an illusion. –
– by David Icke, Sep 8, 2005 –
(Posted here: Sep 9, 2005)
Dollar Deception: How Banks
Secretly Create Money
– It has been called "the most astounding piece of
sleight of hand ever invented." The creation of money has been privatized,
usurped from Congress by a private banking cartel. Most people think money
is issued by fiat by the government, but that is not the case. Except for
coins, which compose only about one one-thousandth of the total U.S. money
supply, all of our money is now created by banks. –
– by Ellen Brown, July 03, 2007 –
(Posted here: Friday, July 13, 2007)
Uncle Sam Talks With
Master Banker, Mr. Feddy R. Banks
– Uncle Sam: Let me get this
straight. -You are going to use MY printing press to create dollar bills and
you will pay me a couple pennies for the printing costs. Then you will allow
my Treasury Department to print thousands of checks on our government
accounts. Those dollars will be chalked up as loans from you to my
government and you will charge me the current interest rate for my use of my
own money. Then, you want my people to pay a tax on their "income" in order
to pay you interest on money that was mine in the FIRST place … –
– by Richard Palmquist, Mar 23, 2007 –
(Posted here:
Sunday, Feb 24, 2008)
How the Market Really Works
[Video:
00:08:39]
– Yes, it really is this bad. Another example of
humor that is deadly accurate. I worked on Wall Street for a few years,
elbow to elbow with "top" investment bankers.
It was one big casino with the saps in pensions funds and savings
and loans (and us) being used to finance the game and cover the losses. –
– from "The Last Laugh" with John Bird & John Fortun.
Presented by "Brasscheck TV", Nov 2007 –
(Posted here: Saturday, November 03, 2007)
Barron’s Credit Educators
[I highly recommend this website! Wes Penre]
– Barrons Credit Educators is an organization providing education and
advocacy to consumers who have credit card debt.
Click on the links below to learn more about the SECRETS!
CPA exposing the truth about banking and credit card debt!
MODERN MONEY MECHANICS – The Federal Reserve’s own admission of the true
source of all bank and credit card loans! CLICK HERE!
– Barronscrediteducators.com –
(Posted here: Tuesday, November 14, 2006)
Historical Development of Modern Feudalism: The TRUTH About Your
Status As a Slave in America (by unknowingly volunteering)
– In fact, you are unknowingly volunteering to be chattel for a
mortgage held by financiers from the founding of this nation.
Perhaps you infer that the name on the tax statement is yours and so
you respond as though it were. This is voluntary servitude. To make
this servitude legal it was necessary to "cut a hole in the fence."
–
– Author Unknown –
(Posted here: Jan 21, 2006)
PFMPE — PEOPLE For Mathematically
Perfected Economy
[This well-written E-Book explains clearly
what banking is and its’ relationship to the Illuminati]
– "Central banking" is creation and ownership of every nation’s currency by
private bankers of this very same, persistent discipline, for the sake of
unlimited profit by inherent, irreversible multiplication of debt,
necessarily wrought in every nation of the world necessarily maintaining its
vital circulation, by the mere act of re-borrowing what we pay in interest
and principal as subsequent debts, increased so much as period "interest"
(usury). –
(Posted here: Oct 13, 2005)
GOLD: Sovereign
of Sovereigns
– Some say that gold is not money; perhaps they are right, perhaps
not. Money is a funny thing, an odd sort of duck, as no one seems to
know for sure, just what it is – and what it isn’t. Who invented the
stuff; and for what reason; from whence did it come and whither does
it go? Even Sir Alan when asked what it is, replied he didn’t have
the foggiest idea.
Is it this or is it that?
Whatever it is,
It gets pulled –
Out of a hat –
–
Safehaven.com, June 27, 2005 –
(Posted here: June 28, 2005)
The
Inflation Mystery
– Have you ever wondered why your savings keep losing value over time? Why
is it that the cash you saved ten years ago, buys significantly less today?
–
– by Puru Saxena, editor & publisher of "Money Matters", Aug 15, 2005 –
(Posted here: Aug 17, 2005)
How You
Are Controlled in This Country by Private Corporations
– This is called fascism and how Mussolini operated in WWII. We have it here
today and the people (slaves in reality) think it is wonderful. With no real
money in the hands of the people, its all debt, they have no idea what real
money is. –
– Hidden Mysteries Information Central –
(Posted here: January 8, 2005)
I Want the Earth Plus 5%
– A History of the Money Scam –
–
Health, Wealth & Happiness Website –
(February 24, 2004)
What Banks Don’t Want You To Know
– Explaining what the banks don’t want you to know may shatter most of the
public’s religiously entrenched assumptions about money and banking. What the
general public "thinks" it knows about money and banking is largely based upon a
collection of canards gleaned from TV, radio, newspapers and their own personal
experiences with money and banking. –
– Peter Cook, 1993 –
(Posted here: January 28, 2005)
Historical Influence of
International Banking
– by Herbert G. Dorsey III –
Billions for
the Bankers, Debts for the People
– "If the American people ever allow private banks to control the
issue of their money, first by inflation and then by deflation, the
banks and corporations that will grow up around them (around the
banks), will deprive the people of their property until their
children will wake up homeless on the continent their fathers
conquered." -Thomas Jefferson –
– by Pastor Sheldon Emry, 1926 – 1985, via 321.gold.com –
(Posted here: Oct 14, 2005)
Mary
Todd Killed Lincoln
– Would anyone (especially a man in the 1860s) in their right mind try to
kill the President of the United states with a one shot small pistol
normally carried by a woman? Six shooter revolvers existed in the 1860s and
if one were to plot to kill a President, one would logically have more than
one bullet in the barrel. –
– by "Quantum Disk" –
(Posted here: December 17, 2004)
The History Of Lawful Gold and
Silver Legal Tender and
the Debt Brought On By Unlawful Fiat Paper Money
– "I believe that banking institutions are more dangerous to our
liberties than standing armies." (Thomas Jefferson) –
– Atgpress.com –
(Posted here: August 29, 2004)
Paper
Money and Tyranny
– by Hon Ron Paul of Texas –
Money & Banks
– The Hidden Truth Behind Global Debt –
(Posted here: June 9, 2004)
The Real Truth About Social Security
– from LewRockwell.com –
(Posted here: March 19, 2004)
Gerald Ford Forced to Admit Warren
Report was Fictionalized
– by Mike Feinsilber, the Associated Press –
(February 23, 2004)
Let Them Eat Cake
–
How could I enjoy sipping
champagne, by the pool, on my private island, knowing that the dispossessed
are dying for lack of clean drinking water? 1.2 billion malnourished
children do not appear to prick Baron Rothschild’s conscience. Half the
globe is laid prostrate on the ground, barely surviving and unable to
progress, because Rothschild’s are hording all the gold.
–
– by Hazel W.M. McKinlay –
(Posted here: March 1, 2005)
Who Really
Kidnapped the Lindbergh Baby?
– The real question is: Why was the baby killed? –
–
Judical-in.biz –
(Posted here: March 26, 2005)
Why Jewish Bankers Love Anti-Semites
– Jewish bankers love anti-Semites because they transform a
legitimate political and economic grievance into a racial one that
easily can be dismissed as "hatred." –
– by Henry Makow, Sep 17, 2005 –
(Posted here: Sep 18, 2005)
Banks and Banking
[E-Books]
– Several great E-Books on banks and the banking system –
– USA-the-Republic.com –
(Posted here: Oct 11, 2005)
The
Federal Reserve Bank
The Federal Reserve is PRIVATELY OWNED
– Who actually owns the Federal Reserve Central Banks? The ownership of the
12 Central banks, a very well kept secret, has been revealed: –
– Worldnewsstand.net –
(Posted here: Dec 03, 2005)
Collapse of the Fed Reserve: The 2nd American
Revolution
[Video: 00:38:39]
– Daval viciously
attacks the architects of America’s economic
downfall and presents compelling evidence that such
a collapse is not only impending but orchestrated by
the criminal bankers. He goes further to link the
assassination of Abraham Lincoln and John F. Kennedy
to the Federal Reserve while clearly demonstrating
why gold and silver backed currency is such a threat
to the puppeteers of government. Despite the harsh
realities, Daval ends on a positive note by
presenting a sound means by which Americans can
recapture their freedom. –
– by
TheUnjustMedia.com –
(Posted here:
Tuesday, September 25, 2007)
Inherent National Bankruptcy
– The Federal Reserve operates a Ponzi scheme.
Congress can pay for federal expenses with funds
collected from excises, imposts, and duties, but
congress is never satisfied with this amount. The
desire to buy votes from special interest groups,
and financially assist politically connected friends
(or is this redundant?) compels congress-critters to
spend more, and this is identified as deficit
spending. –
– by Jim Carter –
(Posted here: Sunday, October 01, 2006)
Money, Banking and the Federal Reserve
[Video]
– Thomas Jefferson and Andrew Jackson understood "The Monster". But to most
Americans today, Federal Reserve is just a name on the dollar bill. They
have no idea of what the central bank does to the economy, or to their own
economic lives; of how and why it was founded and operates; or of the sound
money and banking that could end the statism, inflation, and business cycles
that the Fed generates. –
– Google Video –
(Posted here: Dec 31, 2005)
A Phone Call To The Federal Reserve
Bank in San Francisco
– The following is a conversation with Mr. Ron Supinski of the Public
Information Department of the San Francisco Federal Reserve Bank. This is an
account of that conversation. –
– from Dan Benham, Nov 24, 2005 –
(Posted here: Dec 04, 2005)
The Secrets of the
Federal Reserve
– by Eustace Mullins –
Secrets of the Temple
– How the Federal Reserve Runs the Country –
– by William Greider –
(Posted here: Dec 04, 2005)
Chart
of Who "Owns" the Federal Reserve
– Chart 1 reveals the linear connection between the Rothschilds and
the Bank of England, and the London banking houses which ultimately
control the Federal Reserve Banks through their stockholdings of
bank stock and their subsidiary firms in New York. –
– Save-a-Patriot.org (Published 1976) –
(Posted here: July 14, 2005)
Greenspan’s Remarkable 1966
Admission About Gold
– "…This is the shabby secret of the welfare statists’ tirades against gold.
Deficit spending is simply a scheme for the confiscation of wealth." –
–
Rense.com, May 2, 2005 –
(Posted here: May 3, 2005)
Inside the All-Powerful Federal
Reserve
– Anne Williamson, a veteran researcher and journalist who has written
for the Wall Street Journal and the New York Times, has authored a
definitive and eye-opening analysis of the nation’s banking system… –
–
Worldnetdaily.com., March 11, 2001 –
(Posted here: August 26, 2004)
The Federal Reserve – An Astounding Exposure 1934
– On May 23, 1933, Congressman, Louis T. McFadden, brought formal
charges against the Board of Governors of the Federal Reserve Bank
system, The Comptroller of the Currency and the Secretary of United
States Treasury for numerous criminal acts, including but not limited
to, CONSPIRACY, FRAUD, UNLAWFUL CONVERSION, AND TREASON –
– By Congressman, Louis T. McFadden –
(Posted here: December 18, 2004)
The Beast of
Jekyll Island
– I say this because your average American hasn’t a clue as to the
devastation dished out by the banking cartel called the Federal Reserve
System which was created in secrecy on Jekyll Island. –
– by John Newby, March 10, 2005 –
(Posted here: March 16, 2005)
A Talk by Edward Griffin,
Author of "The Creature From Jekyll Island"
– I came to the conclusion that the Federal Reserve needed to be
abolished for seven reasons. I’d like to read them to you now just so
that you get an idea of where I’m coming from, as they say. I put these
into the most concise phrasing that I can to make them somewhat shocking
and maybe you’ll remember them: –
– Bigeye.com –
(Posted here: April 4, 2005)
The Assassination of John F. Kennedy &
the Federal Reserve Bank
– by Wes Penre –
(November 22, 2003)
US
Money Printing to Continue!
[Or How the Federal Reserve Destroyed the American Dollar.
PROOF]
[PDF}]
– What is remarkable about figure 2 is that for as long as there was no
Federal
Reserve Board – that is between 1800 and 1913, the purchasing power of the
dollar was more or less constant. However, as soon as the Fed was formed in
1913, the purchasing power began to decline – in fact by 92% over the last
100 years or so. –
– by Dr. Marc Faber –
(Posted here: Dec 14, 2005)
I, Greenspan
– I, Alan Aurifericus Nefarious Greenspan, Chairman of the Federal Reserve
Bank, holder of the Medal of Freedom, Knight of the British Empire, member
of the French Legion of Honor, known to my peers as the "greatest central
banker who ever lived," (I will not trouble you with all my titles. I will
not mention, for example, that I was the winner of the prestigious Enron
Prize for distinguished public service, awarded on November 1, 2001, just
days after Enron began to collapse in a heap of corruption charges) am about
to give you the strange history of my later years. –
– by Bill Bonner, LewRockwell.com –
(Posted here: Jan 23, 2006)
Ron Paul Schools Ben
Bernanke Again
[00:06:02]
– Why is it so difficult for these tools to
understand? Why is it so difficult for these tools to understand, the
majority of the people are being screwed, while the minority of wealthy
elite get bailed out –
– ONBO –
(Posted here: Saturday, November 10, 2007)
International Banking
The United States OF America
is a Corporation Owned by Foreign Interests
– Below are two articles
covering the fact that, since the Act of 1871 which established the District
of Columbia, we have been living under the UNITED STATES CORPORATION which
is owned by certain international bankers and aristocracy of Europe and
Britain.
In 1871 the Congress changed the name of the original Constitution
by changing ONE WORD — and that was very significant as you will read. –
– by
TheUnjustMedia.com –
(Posted here:
Tuesday, September 25, 2007)
The Bankers’ Manifesto of 1892
– We (the bankers) must proceed with
caution and guard every move made, for the lower order of people are already
showing signs of restless commotion. Prudence will therefore show a policy
of apparently yielding to the popular will until our plans are so far
consummated that we can declare our designs without fear of any organized
resistance. –
– Presented by Circle of 13, Nov 24,
2008 –
(Posted here: Thursday, February 26, 2009)
From the Mouth of an
International Banker
– Does he sound arrogant? Probably, but
he is just telling the truth, leaving us with a choice, although he
confidently knew in all his cynicism that we would choose to be slaves… –
– Quote by Josiah Stamp, Bank of England –
(Posted here:
Friday, Feb 01, 2008)
The Rothschild Dynasty
(Condescend from "Descent Into Slavery" by Des Griffin, Chapter Five)
– Over the years in the United States, the international bankers have
come in for a great deal of criticism by a wide variety of individuals
who have held high offices of public trust – men whose opinions are
worthy of note and whose responsibilities placed them in positions where
they knew what was going on behind the scenes in politics and high
finance… –
–Hidden Mysteries –
(Posted here: April 11, 2005)
King William of Orange
Secrets of the Bank of "England"
Revealed at Last!!
– The Bank of "England" was chartered in 1694 in order to wrest the New
World from the mother country and create a RIVAL power to Great Britain.
This was to implement the Bull of Borgia. –
– Reformation.org –
(Posted here: July 19, 2004)
Global Banking: The Bank for International Settlements
– When David Rockefeller and Zbigniew Brzezinski founded the Trilateral
Commission in 1973, the intent was to create a "New International Economic
Order" (NIEO). To this end, they brought together 300 elite corporate,
political and academic leaders from North America, Japan and Europe… –
– The August Review – Global Elite Research Center, Vol. 5, Issue 11 –
(Posted here: Dec 26, 2005)
The U.S. is a "British" Financial Colony
– The "Col. E.M. House Report", a chilling 10-page "progress report"
dated June 10, 1919, portrays the United States as in reality a
British colony. The League of Nations was a facade for the British
empire, which itself represents the hegemony of London-based
international bankers. –
– by Henry Makow, Ph. D, July 2, 2005 –
(Posted here: July 3, 2005)
The Moneychangers Exposed At Last!
–
Reformation.org. –
(Posted here: April 25, 2004)
The Secret Gold Treaty
The Truth Behind WW II Gold, Nazi Plunder & Elite Plans To Control Our
Financial Future
– he 5412 Committee, which met in Room 40 at the CIA headquarters in
Langley, Virginia, became the de facto parallel government of the United
States, a fact that was later acknowledged by President Eisenhower in his
speech regarding the dangers of the “military industrial complex.” –
– by David Guyatt, Sept. 2000 –
(Posted here: Tuesday, July 18, 2006)
The IRS
WHAT HAPPENED WHEN THE IRS WAS ASKED TO NAME THE LAW THAT
SAYS AMERICANS MUST PAY TAXESYOU CAN JOIN THE CLASS ACTION LAWSUIT AGAINST
THE IRS AND EXPOSE THE WAY
THEY HAVE BEEN DEFRAUDING THE PEOPLE
DECADE AFTER DECADE TO FINANCE THE ILLUMINATI AGENDA
–
From
xgen.vitalstream.com –
(Posted here: March 19, 2004)
IRS Questioned About Which Law Says The
People Must Pay Income Tax. The Answer: ‘Er … well … er …’
– from WeThePeople –
(Posted here: March 19, 2004)
The 861 Evidence About the United States Income Tax System
– The "861 Evidence" Mini-CD is a one-hour
documentary-style introduction to the evidence in
Subchapter
N, Section 861 of the correctly written federal income tax
law that PROVES that most Americans (those with
only domestic income) do NOT owe federal income
taxes and never have. –
– www.861.info –
(Posted here: June 13, 2004)
The 861 Evidence
– Read the questions the government refuses to answer about how a person is
supposed to determine their taxable income. –
– www.861.info –
(Posted here: January 1, 2005)
Court Ruling Shakes Ground Under IRS
– Last week, a federal appeals court in Washington handed down an important
decision relating to the definition of income for tax purposes. What is
important about the decision is that it is the first one in decades saying
that the Constitution itself limits what the government may tax. If upheld
by the Supreme Court, it could significantly alter tax policy and possibly
open the door to radical reform. –
– by Bruce Bartlett, Townshall.com, Aug 29, 2006 –
(Posted here: Saturday, Sep 02, 2006)
The IRS is a Private
Collection Agency for the Privately Owned Federal Reserve
– Further verification that IRS does not have lawful
authority in the several States is found in the Parallel Table of
Authorities and Rules…
…In other words, no regulations have been published in the
Federal Register, extending authority to the several States and the
population at large, (1) to establish revenue districts within the several
States, (2) extending authority of the Department of the Treasury [Puerto
Rico] to the several States, (3) giving authority to the Commissioner of
Internal Revenue and assistants within the several States, or (4) extending
authority of any other Department of Treasury personnel to the several
States. –
– by Dan Meador –
(Posted here: Thursday, October 18, 2007)
An Appreciation Letter
To All Compliant Tax Payers
– As a compliant slave and valuable
customer of the Internal Revenue Service, you deserve excellence in the
quality of propaganda we provide; you deserve to be treated with contempt,
lied to and cheated; and you deserve to know that we consider everyone –
including you – to be fair game –
– by s213.photobucket.com –
(Posted here:
Wednesday, Feb 27, 2008)
The Cashless Society
CR80 News
– Great Site, keeps us updated on news regarding the future cashless
society and more, Wes Penre –
– CR80 News –
(Posted here: June 6, 2005)
Visa USA Contactless Payment Platform Operationally Ready
– After successful trials in several regions of the world, Visa USA
says it is ready to begin its U.S. roll-out of its contactless
payment platform. –
– CR80 News, March 2, 2005 –
(Posted here: June 6, 2005)
Cash, Charge of Fingerprints?
– Three or four days a week, Darren Hiers gets lunch at a Sterling
convenience store near the car dealership where he works. He grabs a chicken
sandwich and a soda and heads to the checkout counter, where a little gadget
scans his index finger and instantly deducts the money from his checking
account. –
– Washington Post, June 9, 2005 –
(Posted here: June 12, 2005)
Meijer Goes Touchless with Payments
– As a next step in the project, Meijer also said it will incorporate the
PayPass-enabled Meijer Platinum MasterCard(R) card. The card, issued by GE
Consumer Finance, combines the features and benefits of the Meijer private
label store card with the wide acceptance of a MasterCard card, and the
added functionality of PayPass contactless "tap and go" payments. –
–
Progressive Grocer, Aug 19, 2005 –
(Posted here: Aug 20, 2005)
The End of Money
– I have some bad news for those
`optimists`! There will be no recovery. What is happening now is as David
Icke has written at length, part of a grand strategy to create a New World
Order, a `One World State` with a World Government, World Army, World Bank,
World Currency, World Religion and a vastly reduced population of micro
chipped slaves. Money as we know it will soon cease to exist. In it’s place
will be `Electronic Money`, initially utilised via `Biometric ID Cards`
being introduced at the moment in the UK and elsewhere, which in turn will
be replaced by `Personal Microchips` replete with RFID technology. –
– by Philip Jones, March 13, 2009 –
(Posted here: Saturday, March 14, 2009)
The World Economy and the Financial
Meltdown
[Most recent article
at the bottom
of this sub-section, which also covers the World Collapse of the present
financial system, the so-called "Financial Meltdown"]
Economic Insanity and Political Reality
– Globalism is the embodiment of economic insanity. There is nothing new in
this scheme to supplant reality with Elysium. Dating back before the common
era the manipulations were entrenched. From The Greatness and Decline of
Rome, Guglielmo Ferrero, Vol. II, pg. 57: –
– Batr.org –
(Posted here: Aug 26, 2005)
Watching the Economy Crumble
– The US continues its descent into the Third World, but you would never
know it from news reports of the Bureau of Labor Statistics’ July payroll
jobs release. –
– PropagandaMatrix.com, Aug 10, 2005 –
(Posted here: Aug 11, 2005)
Confessions of an Economic Hit Man
– How the US Uses Globalization to Cheat Poor Countries Out of Trillions –
–
Interview with John Perkins by Ant Goodman –
(Posted here: Aug 26, 2005)
World Wide Depression
Feared as United States Losses Nears 2 Trillion US Dollars, Global Oil
Markets in Chaos and US Military Leaders Prepare to Seal Borders
– As American oil reserves have fallen by over 17% since 1990, according to
their Department of Energy statistics, the loss of Louisiana’s reserves,
which total about one quarter of the United States total reserves (22%),
coupled with the devastation wrecked upon the Gulf of Mexico production
facilities, have resulted in such catastrophic shortfalls that the Strategic
Reserves of both the European Union and Japan are having to be drawn upon,
and as we can read from these reports: –
– WhatDoesItMean.com, Sep 3, 2005 –
(Posted here: Aug 4, 2005)
The
World’s Greatest Living Economist Says: "America Is Leading the
World … to Financial Ruin"
– Believe it or not, we’re in the midst of the biggest false
recovery in U.S. history. If you simply cannot believe this, or if
you believe "ignorance is bliss" to be a sound investment philosophy
(millions of Americans seem to), stop reading this right now. –
– Whiskey & Gunpowder –
(Posted here: Jan 17, 2006)
.jpg)
The Biggest Bubble of All –
Derivatives Trading Soars to $370 Trillion – It Will Be the Root Cause for
Global Depression
– An interesting data came out from the Bank for
International Settlements. The global market for derivatives soared to a
record $370 trillion in the first half of 2006. It is the highest ever and
the bubble is bigger than any one can imagine. –
– IndiaDaily, Nov 17, 2006 –
(Posted here: Tuesday, November 21, 2006)
The Big Picture: An Economic
Forecast for Coming Times (Interview with George Green)
[Videos, 46 and 48 min]
– George Green is a former investment banker
(Registered Financial Principal with the N.A.S.D. and a Broker/Dealer,
Securities Underwriter, Real Estate Developer, Insurance Broker and
Publisher, who was invited into the power elite. Faced with a moral and
ethical dilemma, he turned his back on his former associates to walk an
entirely different path. –
(Posted here: Sunday, March 11, 2007)
Empire of Debt I: The Great
Unraveling Begins
– As I have noted here last week,
trading curbs (and the uptick rule on shorting) have both been abolished.
There are no constraints on the market falling; a free-fall of several
thousand points in a single day is now possible. I also ran a chart of the
VIX volatility chart which suggested a breakout up (i.e. a sharply declining
market) was probable.
–
– by Charles Hugh Smith, Nov 05, 2007 –
(Posted here: Tuesday, November 13, 2007)
Talk of Worst Recession
Since the 1930s
– A Wall Street superstar this year who
runs Balestra Capital Partners, Jim Melcher, says he’s "worried about a
recession. Not a normal one, but a very bad one. The worst since the 1930s.
I expect we’ll see clear signs of it in six months with a dramatic slowdown
in the gross domestic product."…Mr. Melcher, a market bear, had some
pretty discouraging words. "What I think is not good for the country, but
good for me." he says. His basic advice to the country’s roughly 80 million
stock players: Run for the hills — the worst is far from over. An investor’s
stock portfolio now, he believes, should be only about half of what it might
normally be.
–
– by Dan Dorfman, The New York Sun, Nov 13, 2007 –
(Posted here: Tuesday, November 13, 2007)
The
Coming Financial Collapse of America (and Why Today’s Market Bloodbath is
Only a Small Taste of Things to Come…)
– As the markets are finally
demonstrating today, the "economic good times" spurred by a runaway housing
price boom (and powered by astonishingly fraudulent lending practices by
dishonest banks) are over. A day of reckoning has arrived, and the unwinding
of this false wealth that has been propping up the U.S. economy for so many
years is about to be unleashed upon the American people. (Today’s stock
market meltdown is only the beginning…) –
– by Mike Adams,
NewsTarget, Jan 22, 2008 –
(Posted here:
Thursday, Jan 24, 2008)
Global
Systemic Crisis / September 2008 – Phase of Collapse of US Real Economy
– I usually don’t like to post articles
with predictions that include certain dates or more or less exact time
periods, because things change and if predicted events DON’T occur, there is
a chance of losing some credibility. But it looks really bad right now, and
this article rings true. If it doesn’t happen when predicted, it sure will
happen sooner or later anyway, and to show this is my purpose with posting
this article. It’s a wake-up call, Wes Penre –
– Europe 2020, Feb 16, 2008 –
(Posted here:
Saturday, March 08, 2008)
Stagflation/Hyperinflation Or Just The End Of Your Way Of Life?
– We’ve got people charged with cleaning
up the corrupt broken system going out with an $80,000 hooker bill and being
replaced by a blind man. The current El Presidente is a wind-up doll for a
bunch that should all be in orange jumpsuits. It would be comical if it
weren’t so sad to watch it all go down. It is a modern day tragedy being
played out in real time in the context of a giant government/corporate media
theatre production. –
– by Craig Harris, March 15, 2008 –
(Posted here:
Saturday, March 15, 2008)
Global "Oil
Shock" Rattles World Stock Markets
– So far, the Bernanke Federal Reserve
has pumped more than half-a-trillion dollars into the markets with open
market operations and special emergency lending schemes, to help cushion the
blow to the US economy and stock markets. However, there’s evidence that the
Fed’s prescription for dealing with the sub-prime debt crisis, is actually
making matters much worse, and leading to “Stagflation.” –
– by Gary Dorsch, Editor, Global Money
Trends, March 14, 2008 –
(Posted here:
Saturday, March 15, 2008)
Bernanke’s
Latest Scheme No Remedy
Just A Lifeboat For The ‘Worthy’
– So, why is the Fed issuing loans to
foreign banks? Isn’t that a tacit admission of its guilt in the trillion
dollar subprime swindle? Or is it simply a way of warding off litigation
from angry foreign investors who know they were cheated with worthless toxic
bonds? In any event, the Fed’s largess proves that the G-10 operates as de
facto cartel determining monetary policy for much of the world. (The G-10
represents roughly 85% of global GDP) –
– by Mike Whitney, March 18, 2008 –
(Posted here:
Wednesday, March 19, 2008)
America Was
Conned – Who Will Pay?
– Ultimately, though, action will be
taken because there will be political pressure for it. Indeed, it is
somewhat surprising that there is not already rioting in the streets, given
the gigantic fraud perpetrated by the financial elite at the expense of
ordinary Americans. –
– by Larry Elliott, The Guardian, March
17, 2008 –
(Posted here:
Friday, March 21, 2008)
The Four New
Sheriffs Of Wall Street
– “There is a new sheriff in town,” said
a senior banker. “The Bear situation changed everything: people saw death
before their eyes. The Fed and Treasury are in charge now and are not going
to let go”. –
– by Francesco Guerrera, Krishna Guha
and Gillian Tett, Financial Times, March 21, 2008 –
(Posted here:
Sunday, March 23, 2008)
The Banking
‘Crisis’…It’s A Big Club And You Ain’t In It…
– The banking cartel has taken the debt
to record levels because it is preparing for a record trawl. It is the
vehicle for the Illuminati families to create the chaos from which they can
offer their solution – a new global economic system which gives them more
control than ever before. They want this eventually to be administered by a
world central bank via a single world currency that would be purely
electronic with no cash in circulation at all. –
– David Icke’s Newsletter, March
23, 2008 –
(Posted here:
Sunday, March 23, 2008)
Australian
Paper Proclaims: A New World Order as U.S. Prosperity Falls
– Amidst the ongoing economic crisis,
The Australian newspaper published an article late last week headlined "A
new world order as US sinks". Marcus Walker, James Hookway and James T.
Areddy write that a "new world order" is emerging as companies in Germany
and Switzerland diversify away from the United States while… –
– by Daniel Taylor, Old-Thinker News, Apr 11, 2008 –
(Posted here: Tuesday, Apr 15, 2008)
Rising U.S.
Food Costs are Hard to Stomach
– The United States is wrestling with
the worst food inflation in 17 years, and analysts expect new data due on
Wednesday to show that it’s getting worse. That’s putting the squeeze on
poor families and forcing bakeries, bagel shops and delis to explain price
increases to their customers. –
– by Ellen Simon, The Associated Press, Apr 15, 2008 –
(Posted here: Wednesday, Apr 16, 2008)
Global
Famine? Blame the Fed
– The stakes couldn’t be higher for Ben
Bernanke. If the Fed chief decides to lower rates at the end of April, he
could be condemning millions of people to an agonizing death by starvation.
The situation is that serious; there’s no room for error. Food riots have
broken out across the globe destabilizing large parts of the developing
world. –
– by Mike Whitney, Apr 25, 2008 –
(Posted here: Sunday, Apr 26, 2008)
Protocols
For Economic Collapse In America
– There’s no military implication here,
no political, no social implication or policy directive thereunto. This is
strictly economic collapse. By the end of Day Three, effectively, all banks
in the world will be shut down, all paper currencies will become valueless.
Martial law would be declared. There would be no continuing transactions, at
least for a period of time, of commodities. All providers of fuels and foods
would be shut down automatically. –
– by Al Martin, Feb 23, 2008 –
(Posted here: Wednesday, May 07, 2008)
Famine
Killed 7 Million People in USA
– Another online scandal has been
gathering pace recently. Wikipedia, the free encyclopedia, deleted an
article by a Russian researcher, who wrote about the USA’s losses in the
Great Depression of 1932-1933. Indignant bloggers began to actively
distribute the article on the Russian part of a popular blog service known
as Livejournal. The above-mentioned article triggered a heated debate. –
– by Dmitry Lyskov, Pravda.ru, May 19,
2008 –
(Posted here: Tuesday, May 20, 2008)
Central
Bank Body Warns of Great Depression
– THE BANK for International Settlements
(BIS), the organisation that fosters cooperation between central banks, has
warned that the credit crisis could lead world economies into a crash on a
scale not seen since the 1930s. –
– by Gill Montia, Banking Times, June 09, 2008 –
(Posted here: Friday, June 13, 2008)
Why Eliot Spitzer Was Assassinated – The
Financial Meltdown Explained
The predatory lending industry had a partner in the White House
[00:07:33]
– Today’s banking crisis is the THIRD
trillion dollar plus US-caused financial meltdown in the last twenty years.
Each one of these crises came into being through the same basic
mechanism…the fraudulent over-valuing of financial assets by Wall Street –
with a "wink and a nod" (and sometimes a lot more) from the White House and
Congress. The fraudulently valued assets stimulate the economy, impart the
illusion of health and then, inevitably, the fraud goes too far and the
whole house of card comes painfully crashing back to earth… –
– BRASSCHECK TV, SEP 2008 –
(Posted here: Saturday, September 20, 2008)
Jack
Blood Interviews Richard Andrew Grove, an AIG Insider and Whistleblower
[00:36:09]
– Jack Blood of gcnlive.com interviews
Richard Andrew Grove, an AIG insider and whistleblower. This is an insider
expose of the AIG / Kroll spook company, their ties to 9/11 and their new
financial 9/11. This is taken from the second hour of the Deadline Live show
with Jack Blood from 9/18/2008. Get the archive at Gcnlive.com. Also check
out these sites: 8thestate.com DeadlineLive.info JackBlood.com
JackBloodForum.com –
– JACK BLOOD, SEP 19, 2008 –
(Posted here: Saturday, September 20, 2008)
The Financial Collapse – What Will Happen Next?
– Many are surprised at the speed of
events occurring with the current global economic collapse. Yet few appear
to be aware of what is still to follow as events unfold in the days that lie
ahead. For some years I have been writing about this economic collapse, and
now will explain the events that will unfold over the coming weeks. –
–
BY BRUCE PORTEOUS, OCT 10, 2008 –
(Posted here: Sunday, October 12, 2008)
What Will the US Foreign Policy be Tomorrow?
– When Bush goes, everyone will be
hoping for a change – or fearing the worst. McCain or Obama? What will that
change for Iraq, Afghanistan, Palestine, Africa, Caucasia, Cuba and
Venezuela ? And for US relationships with the big powers: Europe, Japan,
Russia, China? –
–
BY MICHAEL COLLON, OCT 12, 2008 –
(Posted here: Sunday, October 12, 2008)
Glenn
Beck Highlights Threat Of Martial Law Following Economic Crisis
Poses Question “Are We Being Purposefully Led Into a One World Financial
System?”
– Like him or loathe him, last night
CNN’s Glenn Beck became the only mainstream media source thus far to address
on national TV the reality of the situation Americans are facing with the
manufactured financial implosion – the direct threat of domestic martial law
and a global financial dictatorship. –
– by Steve Watson, Oct 14, 2008,
InfoWars.net –
(Posted here: Wednesday, October 15, 2008)
Into the
Rabbit Hole
– Ann Bernays, daughter of the Father of
Public Relations, said that her father knew how to tap into the deepest
desires and fears of the public mind and use it for his purposes (Curtis).
Using psychological techniques in the field of public relations allowed the
conscious mind of the masses to be bypassed, and left the unconscious mind
vulnerable to manipulation by those who Edward Bernays called, the
“Invisible Government.” –
– by Peter Adams, October 8, 2008 –
(Posted here: Wednesday, October 22, 2008)
How to
Live in Your Car
– Living in a car isn’t something that
anyone would recommend. However, when you get laid off, your emergency fund
runs out, your home is foreclosed (or you get an eviction notice) and
there’s nobody to help, living in your car might be the only choice,
especially if you don’t feel safe at a local shelter. Unfortunately, in many
places, sleeping in your car is not only frowned upon, but also illegal.
Here’s how to get by until something better comes along. Remember, you are
not alone and you have a vehicle.
–
– from wikiHow – The How to Manual That
You Can Edit –
(Posted here: Monday, October 27, 2008)
A New
World Financial Order
– In the midst of the imploding US and
European financial systems and the resultant bankruptcies, nationalizations
and bailouts the People’s Daily, China’s official newspaper, called for a
new global currency to replace the US dollar. Writing in the People’s Daily
edition of 17 September 2008 Professor Shi Jianxun of Shanghai’s Tongji
University said that "[t]he world urgently needs to create a diversified
currency and financial system and fair and just financial order that is not
dependent on the United States." –
– by Jacob Steelman, LewRockwell.com,
November 13, 2008 –
(Posted here: Friday, November 14, 2008)
The Credit Crisis Colonization of the World
– The Cabala portrays the "Jews" as
kings with the rest of the world offering itself up as slaves and its wealth
as tribute. In practice, the "Jews" refers to the Illuminati (Freemasons)
which consists of Jews and non-Jews. The Cabalists have no use for outsiders
including non-believing Jews…Interview 100 Jews and I doubt if 10 are
acquainted with the Cabala or the Talmud, the sources of the Illuminati’s
hatred of humanity. Nevertheless the Illuminati control organized Jewry
including Zionism as well as most other religions and organizations.
Humanity is in their grip. –
– by Dr. Henry Makow, Nov 14, 2008 –
(Posted here: Sunday, November 16, 2008)
The Harmony
Of Interest
– The collapse of the financial system
has reinvigorated Gordon Brown. Just a few months ago, he was rapidly
becoming a lame duck, hardly able to stay awake. Suddenly, he has been
pushed forward as the Global Chancellor of the Exchequer. Getting drunk on
the financial sorrow of millions, he has been throwing up the solutions to
the crisis…But Brown’s solutions will take us to hell if we allow them to
continue. At the very time that in the real economy we face the spectre of
deflation, the policies Brown is pushing will soon unleash a greater spectre
– hyperinflation on a global basis, in the style of the Weimar Republic. –
– by Mike Robinson, UK Column, Nov 27,
2008 –
(Posted here: Monday, December 01, 2008)
Icelanders Protest
Economic Meltdown
– Thousands of Icelanders marked the
90th anniversary of their nation’s sovereignty with angry protest Monday,
and several hundred stormed the central bank to demand the ouster of bankers
they blame for the country’s spectacular economic meltdown…After the
rally, hundreds of protesters stormed the headquarters of Sedlabanki,
Iceland’s central bank, demanding the sacking of its chief, David Oddsson. –
– by Valur Gunnarsson, Associated Press,
Dec 01, 2008 –
(Posted here: Tuesday, December 02, 2008)
Kissinger
Calls For New International System Out Of World Crises
Says global necessities should foster an “age of compatible interests”
– Bilderberg luminary Henry Kissinger
has repeated his routine call for a new international political order,
stating that global crises should be seen as an opportunity to move toward a
borderless world where national interests are outweighed by global
necessities. Speaking with Charlie Rose earlier this week, Kissinger cited
the chaos being wrought across the globe by the financial crisis and the
spread of terrorism as an opportunity to bolster a new global order. –
– by Steve Watson, PrisonPlanet.com, Dec
19, 2008, 2008 –
(Posted here: Saturday, December 20,
2008)
Global
Systemic Crisis – New Tipping-Point in March 2009: ‘When the World Becomes
Aware That This Crisis is Worse Than the 1930s Crisis’
Public announcement GEAB N°30
– Finally, among the various
consequences of the crisis for dozens of millions of people in the US,
Canada, UK, Japan, Netherlands and Denmark in particular (3), there is the
fact that, from the end of the year 2008 onward, news about major losses on
the part of the organizations in charge of managing the financial assets
supposed to finance pensions will multiply. The OECD anticipates that
pension funds will lose 4,000 billion USD in 2008 only… –
– GEAB N°30. Dec 16, 2008 –
(Posted here: Sunday, December 28,
2008)
The Recession is Bad Enough; Relentless News Cycle
Makes it Worse
Negative stories may add to the anxiety problem
– If the FDA regulated the media, it
would require all stories about the economy to carry this warning:
"Dizziness and pangs of existential angst may result. Do not read if you
suffer from gloominess or are prone to bouts of anxiety. If you are near
retirement age or work in the auto industry, consult with a physician before
reading." –
– by Eric Werner, for Washington Post,
Dec 30, 2008 –
(Posted here: Sunday, January 04,
2009)
California Controller to Suspend Tax Refunds, Welfare
Checks, Student Grants
– The state will suspend tax refunds,
welfare checks, student grants and other payments owed to Californians
starting Feb. 1, Controller John Chiang announced Friday.
Chiang said he had no choice but to stop making some $3.7 billion
in payments in the absence of action by the governor and lawmakers to close
the state’s nearly $42-billion budget deficit. More than half of those
payments are tax refunds. –
– by Marcus Chown, New Scientist, Jan
15, 2009 –
(Posted here: Saturday, January 17,
2009)
Can You Survive Economic
Crisis?
Booming preparedness industry says Americans are stockpiling
– In his column in last month’s
Financial Times, business and technology expert Ade McCormack writes, "The
world is in crisis and with it the world of business. Many of us have two
plans. Plan A involves President Barack Obama performing some economic
magic. Plan B involves a revolver, a vegetable patch and a subscription to
Survivalist Monthly."
And while McCormack was writing with a hint of jest, dissent over
the president’s trillion-dollar spending approach to the economy has left
many average, everyday Americans considering something looking suspiciously
like plan B. –
– by Drew Zahn, WoldNet Daily, Mar 09, 2009 –
(Posted here: Monday, March 09,
2009)
Jon Stewart vs. Jim Cramer
Jon Stewart Exposing How the Media Work Hand in Hand with the Stock
Market – BRILLIANT!
[00:18:00]
– Stewart took on Jim Cramer of CNBC;
the interview was moving, appalling, and a searing indictment that hit home
for us here at CREDO. Take a few minutes to see for yourself:
As Stewart said, "So what it feels like to us – and I’m talking purely as
a layman – it feels like we are capitalizing your adventure by our pension
and our hard earned money. And that it is a game that you know. That you
know is going on. But that you go on television as a financial network and
pretend isn’t happening." –
– by Credo Action, March 2009 –
(Posted here: Saturday, March 14, 2009)
The End of Money
– I have some bad news for those
`optimists`! There will be no recovery. What is happening now is as David
Icke has written at length, part of a grand strategy to create a New World
Order, a `One World State` with a World Government, World Army, World Bank,
World Currency, World Religion and a vastly reduced population of micro
chipped slaves. Money as we know it will soon cease to exist. In it’s place
will be `Electronic Money`, initially utilised via `Biometric ID Cards`
being introduced at the moment in the UK and elsewhere, which in turn will
be replaced by `Personal Microchips` replete with RFID technology. –
– by Philip Jones, March 13, 2009 –
(Posted here: Saturday, March 14, 2009)
The Oil Crisis
Exxon
Squeezes Every Penny Out of its Stations
– “Why is the government giving Exxon
subsidies and tax breaks when they’re making billions of dollars and when
they squeeze every dime they can out of every dealer who made that profit
for them?” Burnham said.
Soraci said rent increases reflect rising real estate values. “We have
excellent real estate out there that is superior to our competition,” he
said, which allows the dealers to “compete more effectively.”
Even some of Exxon’s successful and loyal dealers complain. Jerry Daggle
owns five Exxon stations in Northern Virginia, and even though they have
different competitive conditions and prices, “Exxon magically lets me make
about 8 cents a gallon” at each one, he said. –
– by Steven Mufson, The Washington Post,
May 26, 2008 –
(Posted here: Monday, May 26, 2008)
The Great Oil Swindle
– The Commodity Futures and Trading
Commission (CFTC) is investigating trading in oil futures to determine
whether the surge in prices to record levels is the result of manipulation
or fraud. They might want to take a look at wheat, rice and corn futures
while they’re at it. The whole thing is a hoax cooked up by the investment
banks and hedge funds who are trying to dig their way out of the trillion
dollar mortgage-backed securities (MBS) mess that they created by turning
garbage loans into securities. –
– by Mike Whitney, May 31, 2008 –
(Posted here: Sunday, June 01, 2008)
Real Money vs. Illegal Federal Reserve
Notes
Liberty Dollars Fight
Back
[00:04:27]
– Liberty came to prominence in July
after it started minting solid silver coins stamped with an image of Ron
Paul, a Republican presidential hopeful and an avid supporter of a
return to the gold-standard monetary system.
But the operation seemed to come to an abrupt halt when the Secret
Service and the FBI raided the firm’s Evansville office in mid-November and
confiscated all materials, including the precious-metal Liberty Dollar coins
and the Ron Paul dollars. –
–
by Simon Constable, TheStreet.com Staff
Reporter, Dec 07, 2007 –
(Posted here:
Sunday, December 09, 2007)
What Is Happening In the
World Of Banking?
Elite Bankers Pulling Plug On US Economy
& Currency
– I have warned for a long time that the
Federal Reserve is planning to destroy the U.S. economy by: printing the
U.S. dollar in exponentially riskier quantities until it blows off the
charts and crashes, and by easing credit and rates until the average
individual and corporate debt loads are so enormous that the resulting
massive distortions in the economy suddenly bring on an economic heart
attack, leaving no possibility of a short or even medium-term recovery. That
day is here! –
– by Senator Ferguson, the
Furguson Report –
(Posted here: June 13, 2004)
Dollar Continues
Record Declines
– The dollar has continued its record-breaking slide against many of the
world’s major currencies, with analysts predicting it could fall further. –
–
BBC News, Nov. 18, 2004 –
(Posted here: November 20, 2004)
Savaging the Dollar – Strategies For The New World Order
– There’s nothing accidental about the falling value of the dollar. From the
beginning we’ve seen Bush and Co run up enormous deficits to reward party
loyalists and to put the country in the control of the Banking-Business
establishment. Never the less, the plan does have its shortcomings. –
–
ZNet, Dec. 8, 2004 –
(Posted here: December 9, 2004)
Rothschild to Lead Battle for Börse Rebels
– THE mystery City heavyweight being lined up by rebel shareholders to
replace Rolf Breuer as chairman of Deutsche Börse is Lord Jacob Rothschild.
–
– Times Online, Feb 27, 2005 –
(Posted here: March 1, 2005)
Bono, World Bank Chief?
– "Don’t be fooled by the wraparound sunglasses and the excess hipness," the
Los Angeles Times said. "Bono is deeply versed in the issues afflicting the
least-developed nations of the world." –
– Money.cnn.com, Feb 26, 2005 –
(Posted here: March 1, 2005)
Would You Trust This Man To Head Anything As Important As a Bank
– "He has no training in economic development or financial markets", Joseph
Steiglitz, Nobel Prize Winner and former World Bank Chief Economist [Just
like
Bono then…] –
–
PrisonPlanet –
(Posted here: March 28, 2005)
Debt Slavery: What the Bankruptcy Bill Could Do To You
– The U.S. Senate has passed a dream bill for credit card and financial
service companies that, if passed by the House, will land millions of
American families in debt slavery. –
– by David Swanson –
(Posted here: April 3, 2005)
Canada: Class Action Accuses Banks of Illegal Creation of Money
– John Ruiz Dempsey, criminologist and forensic litigation specialist filed
a class action suit on behalf of the People of Canada alleging that
financial institutions are engaged in illegal creation of money, reports Tom
Kennedy, a Canadian activist for economic reform. –
– Sepp Hasslberger, April 19, 2005 –
(Posted here: April 24, 2005)
U.S. National Debt Clock
– The National Debt has continued to increase an average of $1.68 billion
per day since September 30, 2004! Concerned? Then tell Congress and the
White House! –
– brillig.com –
(Posted here: May 13, 2005)
Your Credit Card Payment Just Doubled
– So far, MBNA, Citibank and Bank of America have announced they are
doubling minimum monthly payments on credit card balances from 2% to 4%.
Others are expected to follow suit quickly. To some cardholders, that could
be seen as a good thing. To others it could be devastating. –
– by MSN Money –
(Posted here: May 18, 2005)
Coming Sooner Than You Think
The Economic
Tsunami
– It seems that there are a growing number of people who believe as I do,
that the economic tsunami planned by the Bush administration is probably
only months away. In just 5 short years the national debt has increased by
nearly 3 trillion dollars while the dollar has continued its predictable
decline. –
– by Mike Whitney for CounterPunch.org, Apr 2, 2005 –
(Posted here: May 20, 2005)
Will You Survive the Coming Financial Crash?
[.PDF file]
– The time has now arrived where things have gotten out of hand here in the
USA, as far as financial matters are concerned. If one listens closely, they
will hear the increasingly nervous whispers of the economists and financial
experts. The USA is hopelessly bankrupt – a condition that has existed since
March 1933 – and this massive debt has nowbegun to exponentiate itself.
Those financial analysts who are being completely honest, all agree that the
coming financial crash will make the Great Depression of 1929-1934 look tame
in comparison. –
– by Kent Daniel Bentkowski –
(Posted here: June 8, 2005)
Housing Bubble:
Bankrupting Suburbia
– At the same time we in America are experiencing record deficits
and overwhelming debt, there is a coexistent housing bubble. A
result of a seller’s market in housing, this current real-estate
market bubble is unsustainable, and could result in the ruination of
many millions of American families, if they are caught with a
mortgage debt that they cannot pay off when the inevitable market
crash occurs. –
– by Kentroversy, July 18, 2005 –
(Posted here: July 20, 2005)
The People vs The Banks
– VANCOUVER, BRITISH COLUMBIA: Hearings are set for September 12 and
13 at the Supreme Court in Vancouver. The statement of claim alleges
among other things, creation of money out of nothing,
fraudulent misrepresentation, money laundering, fraud, charging of
criminal interest rates and breach of contract. –
– PRWEB, Aug 25, 2005 –
(Posted here: Sep 9, 2005)
The
Great Depression 1929-1932 Headlines; Interest Only Mortgages
– I have attached the 1929 through 1932 headlines from the papers
during the great depression, the similarities to the events going on
today are astonishing. Interest only loans were very popular during
the twenties, they disappeared during the great depression, only to
reappear in the past five years or so. –
– by Kevin DeMeritt, Goldcentral.com, Sep 15, 2005 –
(Posted here: Sep 19, 2005)
Congressman Ron Paul
The Coming Category 5 Financial Hurricane
– We face a coming financial crisis. Our current account deficit is
more than $600 billion annually. Our foreign debt is more than $3
trillion. Foreigners now own over $1.4 trillion of our Treasury and
mortgage debt. We must borrow $3 billion from foreigners every
business day to maintain our extravagant spending. –
– by [Rep] Ron Paul, via LewRockwell.com, Sep 15, 2005 –
(Posted here: Sep 20, 2005)
The Visible Hand of Uncle Sam
[.pdf]
– This report examines information indicating that the U.S. government has
surreptitiously intervened in the American stock market. Important findings
include the following: –
– by John Embry and Andrew Hepburn, Aug 2005 –
(Posted here: Sep 21, 2005)
Breton:
Greenspan Worried about Deficit
– Federal Reserve Chairman Alan Greenspan told France’s Finance
Minister Thierry Breton the United States has "lost control" of its
budget deficit, the French minister said Saturday. –
– CNN Money, Sep 24, 2005 –
(Posted here: Sep 28, 2005)
Bush Picks Adviser as Greenspan’s Successor
– President Bush yesterday named his top economic adviser, Ben S.
Bernanke, to succeed Federal Reserve Chairman Alan Greenspan, who
steps down Jan. 31 after helping guide the U.S. economy for more
than 18 years. –
– by Nell Henderson, Washington Post, Oct 25, 2005 –
(Posted here: Oct 27, 2005)
How Greenspan Skewered America
– No one has done more to ensure the ultimate demise of the American middle
class than Alan Greenspan. No one. –
– by Mike Whitney, OpEd News, Dec 05, 2005 –
(Posted here: Dec 07, 2005)
The Washington Post
and the Coming Crash
– The Washington Post is one of the world’s “great” newspapers. But
to the American-European financial establishment, it is much more than that.
It is one of their house organs, with close ties to the U.S. government
intelligence community. The Post’s job is to shape the news the way the East
Coast establishment wants it shaped. –
– by Gracchus Jones, Jan 04, 2006 –
(Posted here: Jan 09, 2006)
The Nightmare
German Inflation
– The many parallels between 1924 Germany and present-day United
States are cause for concern. We have not yet reached the depths to
which Germany descended in that era, but few can look at the
constant depreciation of the dollar since the early 1970’s and fail
to be alarmed. –
– USAGold.com –
(Posted here: Jan 17, 2006)
Greenspan signs up
to UK Treasury
– Former US central bank chief Alan Greenspan has agreed to become an
honorary adviser to the UK Treasury. –
– BBC News, Feb 01, 2006 –
(Posted here: Feb 02, 2006)
BIS [Bank for International Settlements]
Calls For Global Currency
– The scandal-ridden and highly secretive Bank For International
Settlements, considered to be the world’s top central banking policy, has
released a policy paper that calls for the end of national currencies in
favor of a global model of currency formats. –
– by Paul Joseph Watson, PrisonPlanet.com, Feb 21, 2006 –
(Posted here: Feb 22, 2006)
Neocon Plan to Wreck
the Economy
– If we are to believe Sterling Seagrave, “co-author of Gold Warriors and an
extremely well-connected financial source in both the US and China as well
as Europe,” the White House, that is to say the Straussian neocons in
control of the White House, have ordered the Federal Reserve to print a
whopping two trillion in funny (or not so funny fiat) money. –
– Another Day in the Empire, Apr 08, 2006 –
(Posted here: Apr 11, 2006)
Shadowing Reality
[.pdf.
Download
Acrobat Reader here is you don’t have it already]
– "If the numbers don’t seem real to the man in the street, they probably
aren’t" –
– Welling@Weeden, Issue 4, Feb 21,
2006 –
(Posted here: Friday, Apr 14, 2006)
Not-So-Safe-Deposit Boxes: States Seize Citizens’ Property to Balance Their
Budgets
[What’s Yours is Ours – Your Government at Work]
[00:04:48]
– The 50 U.S. states are holding more
than $32 billion worth of unclaimed property that they’re supposed to
safeguard for their citizens. But a "Good Morning America" investigation
found some states aggressively seize property that isn’t really unclaimed
and then use the money — your money — to balance their budgets. –
– by Elisabeth Leamy, ABC News, May 12,
2008 –
(Posted here: Monday, May 19, 2008)
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