A Blog About Our Debt Money System, the Effects of Borrowing at Interest and the Unpayable Debt it Creates. Learn How Minnesota Can Lead the Nation in Fixing Our Broken Economy.
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Today, the U.S. Senate voted 62 to 37 against an amendment to allow greater transparency at the Federal Reserve.
That's the real news.
They tried to give us the slip with their phony 96-0 vote to Audit the Fed (er... I mean Audit the Fed's role in the missing $2 Trillion in Bailout Money only).
Not so fast you slippery criminals.
That is not what we needed!
If you voted to audit the Fed's office supplies, would you say: "See, we voted to audit"!
Yes, you would.
Phony. Fake. Weak.
The US Senate has worked to deceive the American People.
Minnesota is THE State that can fix this - right now! In fact, the Governor and most all of the Minnesota Legislature has heard our proposal.
NOT A SINGLE ONE OF THEM WILL DO WHAT THEY KNOW NEEDS TO BE DONE.
So, they will preside over the economic downfall
because they have been intimidated by the bankers. Cowardly.
They are too timid and have let the banking lobby intimidate them. I know this for a fact because I was personally told by a MN Representative that the banking lobby had sent people to come behind us and spread disinformation.
STOP WORSHIPPING GOLD AND LEARN THE PRINCIPALS OF WEALTH BASED MONEY.
There IS enough dirt, steel, concrete, innovation and labor.
Dirt and steel comes from the ground just like the "sacred" gold, takes labor to get it to market, just like the "sacred" gold, and can be made into something people want (roads and bridges, dams and levies, airports and rail, ports and desalination plants, electrical grids and refineries), just like the "sacred" gold can. Infrastructure uses the same principle. And it's not free - it takes a lot of work! But it would be DEBT FREE!
I understand we have plenty of people who would like a good job.
Good. No shortage of labor.
How about you stop "worshiping" the shiny yellow stuff and start using some common sense. Infrastructure can support a monetary system.
Let's get busy rebuilding this place (and YOUR place) it's crumbling around us. And it's about time to stop making excuses - those are for wimps and criminals.
It should be apparent that we cannot borrow our way out of debt, nor can we borrow our way into prosperity. . Don't you think we need a source of money that is debt free -that does not have to go back to the criminal banks (they never really had it to begin with) and drag interest with it? . Of course we do.We need a source of money that enters the economy as final payment and is not obligated to be two places at once (payment to the producer and payment to the banks)! . If you couple new money to production, it can't get into a dangerous hyperinflationary cycle.If that production is something that everyone needs (transportation infrastructure) and everyone wants (seen your roads and bridges lately?) then you have a solution waiting to happen. . If it puts millions of people back to work and uses the best technology (we would not have to skimp - we are not borrowing the money) to begin a high-tech, value added, infrastructure rebuild, TAX FREE, DEBT FREE, INFLATION FREE, what's the hold up?
1.You are in the middle of a hybrid fascist (banks/corporations own the government) takeover.
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2.You should learn to love the fascist police state that you have allowed and explain to your child (one child policies could become mandatory in U.S. soon) that you were just a little too busy to protect our Republic from the criminal banking cartels – and don’t ever tell them how simple the solution was (stop using their stupid debt based money and start using wealth based money – duh!).
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3.You should never again ask, how did the Germans let it happen, right under their noses?Never ask that. They just made denial, the party line and misinformation, a way of life.
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If you would just dust the criminal bankers off your backside, you might actually be able to get somewhere and be able to offer your family a better, cleaner, less corrupted life.
Or, you can ignore the facts and let the bankers continue to financially rape you and steal your substance.You can listen to the misinformation on network and cable news (that the financial elite own), believe that the "other party" is at fault (Hey, haven't you noticed?The same stuff is going on under this guy as went on under the last guy you hated?WAKE UP!They work for the same people.).
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That plan has gotten you this far:
1.Economic collapse
2.Nationalized banks
3.Nationalized insurance companies
4.Nationalized auto industry
5.Near record unemployment.
6.An ever-increasing police state.
7.Now they are coming for your retirement.
8.Look for them to buy off (bail out) the press and what's left of the media.
9.Then clamp down on the Internet (you don't need all of that information, now, do you?).
10.Followed by any other freedom and scrap of liberty you may have left.
Serf - At least 20% of your labor or income plus a land rent or tax to the "nobles".
A SERF would often have to work three or four days a week for the lord as rent. They would spend the rest of their week growing crops to feed their families. Other serfs worked as sharecroppers. A sharecropper would be required to turn over most of what he grew in order to be able to live on the land.
A serf differs from a freeman (the other variety of peasant) in that he is bound to a plot of land. A serf is required to have his lords permission to leave the land, where a free peasant may go as they please.
Slave - 50% + of your labor or income and you own nothing outright - including your own body.
WORD HISTORY The derivation of the word slave encapsulates a bit of European history and explains why the two words slaves and Slavs are so similar; they are, in fact, historically identical. The word slavefirst appears in English around 1290, spelled sclave. The spelling is based on Old French esclave from Medieval Latin sclavus, "Slav, slave," first recorded around 800. Sclavus comes from Byzantine Greeksklabos (pronounced sklävōs) "Slav," which appears around 580. Sklavos approximates the Slavs' own name for themselves, the Slověnci, surviving in English Slovene and Slovenian. The spelling of English slave,closer to its original Slavic form, first appears in English in 1538. Slavs became slaves around the beginning of the ninth century when the Holy Roman Empire tried to stabilize a German-Slav frontier. By the 12th century stabilization had given way to wars of expansion and extermination that did not end until the Poles crushed the Teutonic Knights at Grunwald in 1410. • As far as the Slavs' own self-designation goes, its meaning is, understandably, better than "slave"; it comes from the Indo-European root *kleu-,whose basic meaning is "to hear" and occurs in many derivatives meaning "renown, fame." The Slavs are thus "the famous people." Slavic names ending in -slav incorporate the same word, such as Czech Bohu-slav, "God's fame," Russian Msti-slav, "vengeful fame," and Polish Stani-slaw, "famous for withstanding (enemies)." - answers.com
WHEN DID YOU OFFICIALLY BECOME A SLAVE?
In 1913, Americans allowed the Federal Reserve Act and the Federal Income Tax. It was in that year that American's entry into incremental slavery became overt Federal policy.
WHO OWNS YOU?
Your time (your life) is traded for your labor.
Your labor is traded for a medium of exchange (commonly called "money").
Your time+labor is your "property".
Whomever has first claim to property, owns that property.
Any entity that has first claim to your property, through taxing of wages and profits, through taxing your means of production (your land, your house, your farm, your factory, your business), and collection of land rents (property taxes), is the real owner.
Whomever has the power to tax you, owns you.
If you work for an owner who keeps your property, you are a slave.
So, who owns you?
A COMFORTABLE SLAVERY?
You may have a current generation cell phone, fashionable accessories, a nice vehicle, a comfortable house, but, if you can be taxed and controlled by the real owner - you are a slave.
LAND of THE FREE?
We are told "Land of The Free and Home of The Brave".
Is that real, or is that a convenient illusion?
A scam?
A con?
A way to control the minds of the American People?
MASTERY?
Controlling the slaves is a key to slavery. Controlling them with the whip is entry-level; for thugs; for two-bit novice tyrants. Controlling them in such a way that they will a) not know they are being controlled b) love that they are being controlled c) fight for their controllers d) ridicule those who alert them to their enslavement - is Mastery.
A government that can create its own money need not tax its people.
All taxes are obsolete and could be repealed and replaced by monetizing the production of infrastructure and the use of import tariffs.
Tariffs manage the advantage that other countries have when they use slave labor and dump their cheap products into our markets - this drives down wages. Therefore, Americans can maintain a higher standard of living and keep jobs here at home through the correct use of tariffs and retooling manufacturing at home, to make the things that Americans need (this new manufacturing can be quite gentile on the environment).
If you want freedom and liberty, you need to own your own labor and property.
If hyperinflation happens it will NOT happen because:
1. The Federal Reserve is "printing" too much money.
It prints none - it loans electronic digits at interest (your labor).
The Federal Reserve prints no money. The U.S. Government through the Bureau of Engraving and Printing does. The Federal Reserve buys the newly printed notes from the government at less than a nickle per note. What?? The Federal Reserve buys a $100 bill for less then a nickle? Fact.
Most of our money is in electronic form anyway and the money you see rolling off the printing presses is to replace worn out notes coming out of circulation. You get shown a steady diet of the printing press to keep you from thinking about how things really work - electronically. If you realized how silly it is that they type "1,000,000,000" into a computer and then tell you that you are now $1 Million Dollars in debt. If they showed the computer entries instead of the printing press, you would then realize that they are not loaning out granny's savings account when you take out a home loan, instead they are making new money, on the spot, on the computer. If they can do it that easily to put us into debt, then they can do it to get us out of debt. Come on people - computer keystrokes. they make it up, out of nothing (except a promise to pay or a threat of taxes) whenever they want, however much they want, and then bill it to you, at interest. I am not sure if they actually call us "sapps" anymore, or if it's just a given. Either way, they have found their "mark" and they are milking us dry. And, as long as you say nothing - WHY SHOULD THEY STOP UNTIL YOU ARE ALL FLAT BROKE? Why would they? Why should they?
The U.S. Government also may print some government securities. The Federal Reserve can buy them (whether in paper or electronic form) with A CHECK WRITTEN ON ITSELF! (yes, read it again). The system they use is called Open Market Operations.
The Federal Reserve can just "make up" the money to buy these securities. When they do, it puts the U.S. Government (you and your family and friends) into debt and requires that you pay taxes to buy back the matured securities from the Federal Reserve (or whomever holds them when they mature).
QUESTION: When you have to pay your taxes to the Federal Reserve (through the IRS) to buy back this debt (or service the interest), can you just make up the money (like they do) to do it? What? No?? You mean you actually have to work for it? Trade your time? Trade your life for payment of the made-up money? Wow. Think about it.
So, let's get this straight: The Federal Reserve just makes up money on the computer, to buy securities, that put you in debt, and you have to trade your property (time, money) to get out of debt, and eventually, they end up with all the property?
Nice. Sounds fair, right?
More please!
2. There's too much money chasing too few goods.
Who has too much money? Do you? Maybe the US? Maybe Greece? Of Course Africa and Latin America are awash with money - right? Oh, wait. No, they are drowning in debt. That's like... negative money.
The problem is not that we have too much money, it's that we have NO wealth based money; only debt based money. Big difference.
3. The same thing happened in Weimar Germany, Argentina and Zimbabwe!
B.S.
Pure and utter lies.
Propaganda.
Hyperinflation happened because banks manipulated interest rates to unpayable levels.
Use some common sense. If you want a strong economy, you need 3 things:
1. Debt free money.
Money can enter the economy 3 ways:
a) Loaned In. b) Gifted In. c) Spent In.
Option C is best.
No borrowing. Constitutional. Financially sound. Leads to prosperity and liberty.
2. Transportation infrastructure.
Even if you are trading beads from your tent to mine, you need a path (transportation infrastructure) to make it happen. Transportation of goods to the market is essential. Transportation infrastructure is necessary to conduct commerce.
3. Employment and innovation.
We could do a complete infrastructure rebuild that is both high tech and gentle on the environment. Pay the contractors and workers in real, debt free money - not borrowed from banks, but spent in by each state. NO Debt. Mega jobs. Huge tech boom. Better lives. Increased savings. Stabilized economy.
90% of GDP. So, is it possible to get out of this debt at these ratios? Cutting wages and sending jobs overseas will help us pay off this debt? U.S. Treasury securities getting downgraded? Bailout bonanzas? Dissolving our auto industry and using taxpayer money to ship it to other countries? Open borders driving wages down? Opening another front in the Middle East? Maybe two? And pay off a debt that's 90% of GDP?
Impossible.
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UNLESS
1. You have a monetary system supported by wealth (same principle as gold, except with our proposal, there is actually enough to get the job done!).
2. You put the people back to work building things that we need and are gentle on the planet.
3. You do NOT loan the money from this new monetary system into circulation, but instead spend it in for the completion of the infrastructure rebuild.
Listening to some self proclaimed "experts" talk on the economy a few days ago, they agreed that among the most important things to bring a strong economy is JOBS.
As if jobs just "happen" or are brought about by the correct political incantation.
PROBLEMS:
Our monetary system is a failure.
Our nation's infrastructure is crumbling.
We need "jobs"
SOLUTION:
Our monetary system is a failure because it is a debt based system and cannot survive. It's a mathematical certainty. Spreading over the centuries, from England, to the U.S., and across the world, we now face a world wide economic crisis with cities, states and nations failing.
We need to transition to a wealth based system - immediately. Gold is wealth, so is silver, but there is not enough of it to support the U.S. Economy, let alone the world economy. Gold is "wealth" because it combines labor and raw resources to produce something that someone wants. So, too, iron, steel and concrete are pulled from the earth and can be fashioned into products that people want - roads and bridges. Therefore, an economy can be supported by this nearly unlimited supply of wealth.
Taking this wealth and launching an aggressive "Value Added Infrastructure Rebuild" will provide all the jobs needed in every single major city and town on the planet and using value added and earth-friendly (who wants to live in a dump) technology will produce a tech boom that will dwarf the space program.
We can make the obvious changes that need to be made and rebuild the infrastructure that we can imagine - debt free. Or, we can struggle under the delusion that the banks "have" money that we need to borrow, when in fact they make the stuff up, at will, on a computer.
The problem is what we use for money. Time for an upgrade.
"It is very, very important for Congress and administration to come to some kind of program, some kind of plan that will credibly show how the United States government is going to bring itself back to a sustainable position." - B. Bernanke
