Billions and Billions - Yep hear it all the time - Why it will mean something Soon.

Okay, we are now nearing the expected D-day - where the house of cards will come crashing down. People will find what they thought was built with mortar and brick was actually nothing but paper (worthless) and a house built by it perilously stacked one on top of another, without a real base or foundation. This house has been shaking for a year, one quake after another hitting it, but those who built it were able to move one card to another place to keep the house hurt but in tack - still hiding there was no foundation built. Well, we are now at the time, where the general public (those who have only believed MSM and have not paid attention)are going to be shocked and dismayed when they find out the house of cards has tumbled down around them,when a wind blows - as they were unaware it was about to happen.

What am I talking about D-day = Derivatives!! Yep, that elusive word, that confuses people, as it is a very complicated Wall Street Creation and very few understand what it really is, as MSM does not explain it in detail.

Even the Wikipedia definition of Derivative - is as confusing as it can be:
link: en.wikipedia.org...

In calculus, a branch of mathematics, the derivative is a measure of how a function changes as its input changes. Loosely speaking, a derivative can be thought of as how much a quantity is changing at a given point; for example, the derivative of the position (or distance) of a vehicle with respect to time is the instantaneous velocity (respectively, instantaneous speed) at which the vehicle is traveling. Conversely, the integral of the velocity over time is the vehicle's position.

The derivative of a function at a chosen input value describes the best linear approximation of the function near that input value. For a real-valued function of a single real variable, the derivative at a point equals the slope of the tangent line to the graph of the function at that point. In higher dimensions, the derivative of a function at a point is a linear transformation called the linearization.[1] A closely related notion is the differential of a function.

The process of finding a derivative is called differentiation. The fundamental theorem of calculus states that differentiation is the reverse process to integration.

Yeah, Ok, whatever all that means... hhmmm - I am not exactly a math expert.
So now lets look at what another meaning, specifically for the Markets is:
link: www.economywatch.com...

The Derivatives Market is meant as the market where exchange of derivatives takes place. Derivatives are one type of securities whose price is derived from the underlying assets. And value of these derivatives is determined by the fluctuations in the underlying assets. These underlying assets are most commonly stocks, bonds, currencies, interest rates, commodities and market indices. As Derivatives are merely contracts between two or more parties, anything like weather data or amount of rain can be used as underlying assets. The Derivatives can be classified as Future Contracts, Forward Contracts, Options, Swaps and Credit Derivatives.

The Types of Derivative MarketThe Derivative Market can be classified as Exchange Traded Derivatives Market and Over the Counter Derivative Market.
Exchange Traded Derivatives are those derivatives which are traded through specialized derivative exchanges whereas Over the Counter Derivatives are those which are privately traded between two parties and involves no exchange or intermediary. Swaps, Options and Forward Contracts are traded in Over the Counter Derivatives Market or OTC market.

The main participants of OTC market are the Investment Banks, Commercial Banks, Govt. Sponsored Enterprises and Hedge Funds. The investment banks markets the derivatives through traders to the clients like hedge funds and the rest.

In the Exchange Traded Derivatives Market or Future Market, exchange acts as the main party and by trading of derivatives actually risk is traded between two parties. One party who purchases future contract is said to go “long” and the person who sells the future contract is said to go “short”. The holder of the “long” position owns the future contract and earns profit from it if the price of the underlying security goes up in the future. On the contrary, holder of the “short” position is in a profitable position if the price of the underlying security goes down, as he has already sold the future contract. So, when a new future contract is introduced, the total position in the contract is zero as no one is holding that for short or long.

The trading of foreign exchange traded derivatives or the future contracts has emerged as very important financial activity all over the world just like trading of equity-linked contracts or commodity contracts. The derivatives whose underlying assets are credit, energy or metal, have shown a steady growth rate over the years around the world. Interest rate is the parameter which influences the global trading of derivatives, the most.

Derivative Market and Financial RiskDerivatives play a vital role in risk management of both financial and non-financial institutions. But, in the present world, it has become a rising concern that derivative market operations may destabilize the efficiency of financial markets. In today’s’ world the companies the financial and non-financial firms are using forward contracts, future contracts, options, swaps and other various combinations of derivatives to manage risk and to increase returns. It is true that growth of derivatives market reveal the increasing market demand for risk managing instruments in the economy. But, the major concern is that, the main components of Over the Counter (OTC) derivatives are interest rates and currency swaps. So, the economy will suffer surely if the derivative instruments are misused and if a major fault takes place in derivatives market.

Okay, above was an explanation of the Market Derivatives. Still a little confused - about what it really is?

I will now give you explanations in the most simple manner possibly - as I understand it - in words, we in everyday life use - and then why - the house of cards was built on derivatives and it will be the downfall of the U.S. currency and "Bank Holidays" will be in the future - Very Soon.

Here is some real information in more simple terms

link to below info: www.webofdebt.com...

Banks Create the Money They Lend

Bankers will tell you that they do not create money. At a 10% reserve requirement, they simply lend out 90% of their deposits. The catch is that their “deposits” include the money they have written into their customers’ accounts as loans. That is how loans are made: numbers are simply written into the accounts of borrowers, as many reputable authorities have attested. Here are two of them, dating back to when officials were either more aware of what was going on or more open about it:

“[W]hen a bank makes a loan, it simply adds to the borrower’s deposit account in the bank by the amount of the loan. The money is not taken from anyone else’s deposit; it was not previously paid in to the bank by anyone. It’s new money, created by the bank for the use of the borrower.”
– Robert B. Anderson, Treasury Secretary under Eisenhower, in an interview reported in the August 31, 1959 issue of U.S. News and World Report

“Do private banks issue money today? Yes. Although banks no longer have the right to issue bank notes, they can create money in the form of bank deposits when they lend money to businesses, or buy securities. . . . The important thing to remember is that when banks lend money they don’t necessarily take it from anyone else to lend. Thus they ‘create’ it.”
– Congressman Wright Patman, Money Facts (House Committee on Banking and Currency, 1964)

Okay, now let me explain it - in my own words - as I have understood it, through my research.

Derivatives Meaning = Lets say: A bank has a deposit of $1000 - they are suppose to only lend up to 90% of that deposit out. So they then lend $900 out to someone, now they add that $900 loan to "deposits" - because it is seen as money in the bank. So, now they took that $1000 and made it to $1900 as deposits. So now they are able to loan 90% of $1900 - so they loan $1710 to someone else. Once that happens, again they can add that $1710 as money in the bank. The cycles goes on and on - until the reality is quadtrillion - some say quintrillions is loaned out - in money that is not actually there. Thus we have a house of cards that has no base and that is WHY the banks - don't actually have all the money that are in deposits in the banks. So that means - what you think you have in the bank in the form of money - is NOT THERE!

Are you with me? Do you understand how Derivatives work now - in the most simple terms?

Do you now understand, banks have not put those derivatives on their books - but come Sept. 30th 2009 - due to new banking standards - derivatives need to be put on the books and when that happens - the banking industry will most likely come crashing down.




[edit on 13-9-2009 by questioningall]

Here is one example of Banks worrying about the changes,
This is from Georgia's Bankers Association - they released this information last week
link: www.gabankers.com...(final).pdf

Some information from article:

Key Regulatory Issues Facing Georgia’s Banks
• Regulatory interpretations of accounting guidelines/FASB 114/5; fair value of real estate
• Downward pressure on asset prices caused by market forces and unintended consequences of
government stability programs
• Difficulty of obtaining reasonable and consistent property appraisals continues to put downward pressure on property and collateral values
• Deposit rate caps: New FDIC nationally set price to determine rate caps to further stress struggling Georgia banks that are required to raise local deposits to replace brokered deposits
• Brokered deposits: Requirements prohibiting banks that are considered to be less than “well capitalized” from renewing brokered deposits or seeking new brokered deposits creates immediate funding and liquidity problems for banks that can least afford them. There are reasonable ways to lessen the impact without increasing risk to the deposit insurance fund or artificially distorting the local deposit market.
• FDIC special assessment: will cost Georgia banks more than $133 million -- more than combined 2008 profits. More special assessments are likely, according to FDIC.
• Loan-Loss Reserve effect on regulatory capital: Artificial disallowance of more than $1.8 billion of capital in Georgia banks
• Loan renewals for commercial borrowers that are current on their loans are becoming difficult for some banks facing declining capital levels because of regulatory legal lending limits
• Access to capital and sources of liquidity continue to be limited by the market and regulatory issues.

But here is more from article - an explanation - regarding Deposits

Brokered deposits
Requirements prohibiting banks that are considered to be less than “well capitalized” from renewing brokered deposits or seeking new brokered deposits creates immediate funding and liquidity problems for banks that can least afford them. There are reasonable ways to lessen the impact without increasing risk to the deposit insurance fund or artificially distorting the local deposit market. One possible helpful easing of the regulation would allow “adequately capitalized” banks to renew maturing brokered deposits but continue to prohibit them from acquiring new brokered deposits. This would allow some funding stability for the bank without increasing the potential cost to the deposit insurance fund. If the statute cannot be changed regarding brokered deposits, banks having to shed those deposits should be allowed to reduce their reliance over a longer period of time than simply upon renewal. If the FDIC could require an orderly reduction of brokered deposits of perhaps 10% per quarter or some other reasonable number, the impact would less.

Are you catching the above? Do you see, how the banking industry admitted in the above that there are artificial deposits?

The link is 24 pages long in PDF form, it is all bankers type info.

Now, we are coming to another link from a person who predicted the fall of the markets etc last year. Besides of course the Peter Schiff's, Gerald Celente's and others who speak the truth of the world. They have been many people sounding the siren of what is coming, the problem is the MSM has not broad casted their sirens, they only have broad casted what the governments want people to hear (which is not the truths of what is really going on). In fact, if you have only been paying attention to the MSM then you think "Everything is turning up roses and there is nothing but Champagne and Caviar in our futures". They have been hiding from the people the real information.

Question: Have you heard on MSM the following:

China is defaulting on their derivatives contracts - they say it was done illegally and a scam from the banks?

China is pushing gold and silver to it's citizens to buy - the Chinese government are running commercials like it is soap on their T.V. constantly?

Hong Kong, Dubai, and Germany have called their gold in from storage from the U.K. and the U.S. - for the first time ever?

The U.S. State Dept. informed all of the Embassies to have local currencies on hand, that will last them a year by Sept. 30th?

The U.S. bond market has been missing China and other countries - they have stopped purchasing our debt? Besides how our bond buyers are now "indirect" buyers? ( in other words the Fed is printing the money as no tomorrow and buying the U.S. debt themselves through "friends")

The amount of money that has been printed up since Sept. 08, that is now new paper of Trillions and Trillions of dollars, created out of thin air?

There is so much more real information on the internet, that the MSM fails to report. They like to keep people distracted with news that ultimately doesn't matter. They are not reporting what is going to have a huge impact on all of our lives in the very near future!

An interesting article out, yesterday:

Dr. Van de Meer predicts monetary collapse of US starting on September 30th

A private but extremely influential silent individual, Dr. Michael Van de Meer is the person predicting a financial collapse of the United States starting on September 30th. That is the end of the fiscal year and the final date for payments the Federal Reserve Board wants to act, but cannot, because it is in a catatonic state, as the leaders of every state in the world is.

There will also be indications on September the 16th, he informed me some ten months ago, “Although September 30th will be the tipping point at which the tree’s fate is determined, the branches will not hit the ground until October 7 and 27th and going on into November,” he says.

Dr. Van de Meer correctly predicted the financial panic that started in September of 2008 (also 10 months in advance) and has made many other accurate predictions.

In a separate confirmation the Chinese Government is no longer entertaining and investing in derivatives, and have declared a Nova-to, meaning they will not be paying the trillions “due” on these these illegal instruments. In fact the Chinese are using stronger language saying these criminally foisted instruments are a declaration of a financial war.

Meanwhile, in a significant break in corporate media censorship, the CBS TV program 60 minutes reported that Alan Greenspan, in concert with Bill Clinton and George Bush Senior facilitated in the year 2000, during the middle of the night, the passage of a criminal, highly illegal unconstitutional Bill that created the mortgage and property bubble. The bill allowed unscrupulous individuals in the major Banks and Insurance Corporations such as A.I.G. to hedge bets at a cent to the dollar. This allowed them to create derivatives contracts whose supposed face value runs into the quintillions of dollars (In either the British or American systems that is the next number after a quadrillion!) . On September 30th all these fiat numbers created out of nothing will no longer be accepted. Both China and Japan have not said they will only accept gold from America but they have none. Bernanke and Geithner are desperately calling the people who own the gold and asking for some but they have been told they will not get even one ounce.

The bundling of the worthless inflated dollars created a devaluation in the banking system and major banks went down in a domino spiral, the affects of which will be felt for many years around the world. The destruction of the world’s accounting system is so extreme that the tax base of every state and municipal government is strained, some house values have fallen 80%, farmers cannot get credit for parts, seed, fertilizers and water meaning many innocent people will pay, maybe even with their lives.

The Wall street banksters that own the Fed are being forced to put all their derivatives garbage on the books by September 30th. If they do that, they will be exposed as totally bankrupt.
The new financial system has been embraced by the Vatican, the British Empire and the Dragon family as well as the new Japanese government so it is hard to see how the Fed will be able meet the demands. Also people are now on to them and without secrecy their entire fiat con-job ceases to function.

The new financial system will not allow any off ledger transactions nor any hedge funds or derivatives. Wall Street will not be allowed to as Dr. Van de Meer puts it to “do all their contrivances selling worthless air and paper and contrived named instruments that by their very names are comic to the ear. They have been gerrymandered to fool the millions who buy worthless stocks just like little old ladies in sneakers working slot machines”.

The American people who are 4% of the world’s population but consume 40% of the world’s resources have been paying for it all with illusory money. The illusion has burst and there will be a 90 degree fall in the value of money,followed by a lot of hard work as the country rebuilds itself back into greatness. Fortunately, by developing all the new technology that was suppressed by the Feds, the end result of the rebuilding will be a golden age for all. But remember, there will be no gain without pain. However, the Americans are resilient people and will pull together and be a more informed and strong nation once again. First though, they need to seek out this Wall Street crowd; tar and feather them, and run them out of the country on a rail.

[edit on 13-9-2009 by questioningall]

What is the above article ultimately saying? We are about to go through the toughest time ever in history - BUT - we ARE Resilient - We ARE Strong. We will be able to come together to make it through this coming time!

People need to STOP listening to all the hate and discord being broadcasted at one another through the MSM - we need to come together when things start going downhill! We need to take each other's hands and Help each other out! We don't need to be fighting over "who is on the left and who is on the right"!

The right and left, ultimately DOES NOT MATTER - we are all People - We ALL matter - not one side or another!

I want to add one other thing - I realized the other day - as I was reading a time line at this link:
widerimage.reuters.com...
of the past year and the economic crisis that has been unfolding... I kept seeing over and over - at every spot and segment the word "Billions". That word has been thrown around by the media and the CONgress all year. Now, it seems if we hear "One Billion" needed for something we don't think it is that much anymore, right?

Well, let me ask you something - What the Hell has happened to the amounts that have MEANING to You and I? You know, like the words "One Thousand, Ten Thousand". What happened to those amounts that would make a difference in people's lives, in whether they live or die, or they have a home or are homeless? Those numbers that actually Make a Difference in people's lives? The ones that all of us regular people need to hear, that would help us out?

In other words, we are getting to where we think One Billion or a few Hundred Million etc, isn't much, right? B.S.!! If those numbers are not much anymore, than why is a debt collector calling people just for a few hundred, why are people having to lose their houses over a few thousand, why are people having to go bankrupt over a couple of thousand of owing those corporations and banks that have gotten those "Billions" from the government?!

Stop and think about it, when the media is throwing those billion numbers around - think about how all those banks are still foreclosing on people for a few thousand!

Personally, I am sick of hearing Billions as if, it was a simple cup of coffee! I want to start hearing truth - I want to start hearing how those billions given to banks, are actually letting people keep their homes. How come those banks have stayed so ruthless against the the people and not refinancing their mortages as they are suppose to.

Yeah, regarding that government deal - of people being able to rework their mortgages from the banks that received bailouts... How many people do you know - actually got help?

I can tell you there may be some - but the statistics of people actually being helped is under 5% to the people that have applied under the government deal.

The Obama administration’s $75 billion mortgage bailout program to help some 9 million struggling home owners is off to a slow start. So far 55,000 people have had their loans modified according to this CNN Money report.

There certainly had to be a ramp up period for loan servicers to get their systems and people in place to be able to accommodate the crushing requests from homeowners. But at this pace, it will take the full second term of the Obama administration to get the 9 million complete – if that.
It’s really an unbelievable time in the mortgage business right now. The people I talk with are extremely busy working with people to refinance and with new purchases. The people running the backend systems must be running full tilt because not only do that have all the new loan requests and refi’s, but they have to deal with all the people falling behind on their payments, foreclosure filings and now the massive under taking to try to modify some 9 million loans…many of which, by the way, will not likely be able to be modified.

I tried to get a mortgage change - "Nope" not going to happen, was told - Oh yeah, I also found out that the mortgage servicing company that I owe my mortgage to, they are owned by Goldman Sachs!! I also researched that they have turned down almost everyone - and people who thought they were getting their mortgage reset with them, were foreclosed on in the middle of it! BTW: Goldman Sachs was one of the biggest beneficiaries of the bailout - yeah - here comes that word.. they got "hundreds of Billions" from all of us, through the government!

So, as I wind down this post with various information - look at what is honestly going on - Please - look for the truths of what is about to occur - don't just listen to CNN, FOX, MSNBC. With the information above, did some of that seem true to you? Can you discern what feels true or not true. Think about it and then take steps to take precautions - opportunities will likely be coming up very soon to purchase the best hedge against inflation which is metals.

The thought from the metals experts are they are going to have a huge downhill drop, when the market begins crashing, due to all the corporations and people who need to raise fast money, due to having to cover their margin bets etc.

Many advisors are telling people to watch and wait for it and then jump as fast as they can into it, when the prices go down.

Will they do that for sure? That is not guaranteed – but if you look at the history of sell offs in the markets they have included metals too – due to fast cash needing to be raised.



EDIT: I forgot to add, I read some information this morning... is the Swiss banks - that have no branches in the U.S., therefore are not affected by having to give up the names of U.S. accounts - have sent out notices to their account holders - on Friday - telling them, they have to get their money out of the banks immediately. Those people are questioning "Why" the Swiss banks, don't want U.S. money on their books?


[edit on 13-9-2009 by questioningall]

Good thread.... at the risk of being labelled a crank, Benjamin Fulford is naming Sep 30th as D-Day, because he says this is the end of the 'secret financial year'.

Lord only knows if he's right. He says October is when it'll go crazy...

Good luck all...

Local Currencies are the way forward. Things only got this stupid because of massive centralisation. Google Ithaca dollars.

Considering that the "national debt" is around ten trillion dollars, it would take ten million millionaires to pay back all the money people think is owed to them through the banking system.

The derivatives debt is much larger. The investment and finance machine thinks they're owed so much money that it would take a billion millionaires to pay it off.


Simply put, this isn't possible.


How could there be so much debt in this country? Because those who "loaned" the money created it out of thin air (or got it from those who did). In short, bankers and finance companies lent counterfeit non-existant money to the world, but then demanded they be paid back with the real stuff.

They print their riches, but we have to work for it. You decide if this is fair, justified, or even possible at this point.



[edit on 13-9-2009 by 30_seconds]

I would suggest following some of these sites for more realistic reporting...

The Market Ticker
market-ticker.denninger.net...

Zero Hedge
www.zerohedge.com...

Nathan's Economic Edge
economicedge.blogspot.com...

MISH'S Global Economic Trend Analysis
globaleconomicanalysis.blogspot.com...

Lew Rockwell
www.lewrockwell.com...

Drudge Report
drudgereport.com...

Chris Martenson
www.chrismartenson.com...

...Just a few to start out with...

Good thread.
You know though, if the system is set to crash (and from the looks of things I'd say this is a very real possibility) and people believe that suppressed technology is the way forward to a "golden age" AND the Government is powerless to stop the crash at this point then the Government would be very wise to get the ball rolling preceeding the crash itself.

Somehow I still don't see that happening, though.

I suppose it depends on what they are more interested in. Be it continuity of the American Government or Fascism.
I would say it is the latter.


[edit on 13-9-2009 by JayinAR]

Oh and you got to LOVE how they charge you ANY INTEREST AT ALL on money that they have created out of thin air!

When will the public start tar and feathering these animals?

Excellent thread. Thank you for taking the time to put this together. I strongly recommend an applause from the Mods to you.

I work with the banking sector routinely via one of my clients. I see how these banks operate and frankly, I am surprised that they stay afloat at all. Having said that, I was still stunned by the quotes you posted indicating that the banks are making creating money via loans. What this means is that probably every loan on the books is illegitimate.

What also stuns me is how the entire manufactured crisis of banks losing so much money on bad loans is really implying that the made up money is no longer valid (as if it was ever in the first place). If the banks were exposed as frauds and this scheme were to make it to the public sector, we would see an insane inflationary cycle as the market tries to adjust the balance of the money in the system against its actual value. This would probably follow with a correction in the other direction, a deflationary cycle, when people realize that they just adjusted the value to match the actual value against an invalid benchmark (total US dollars in the system). They would then revalue against actual US dollars in the system, meaning the dollar would suddenly regain a lot of its buying power. If I have this right in my head, the effect would be to immediately take out the US economy as well as that of its partners followed by a total collapse of non US Dollar base economies. In the meantime we have mass starvation, riots, rampant unemployment, and homelessness.

We should have stuck with the gold standard...lol

[edit on 9-13-2009 by rogerstigers]

reply to post by Hx3_1963


Chris Martenson
www.chrismartenson.com...

I couldn't agree more with some of your links.

Chris martenson has an amazing set of videos I have watched - it takes a few hours but it is WELL WORTH IT!!

He explains everything in detail, where it is understood and in plain language!

Everyone should watch them - to learn more and the truth of what is occurring!

So if i read this right, the US has been creating money out of thin air for about the past 40 years.

Using that logic, the US passed the Wiemar-Republic level of inflation before I was even born. The currency must have flatlined in value somewhere in the late 1980's, about the time that there was a mild recession?

A connection perhaps? If the currency flatlined then, but they boosted it up and up and up, resulting in the stock market overinflation that we saw throughout the 90's and leading up to last summer?

Either way, this boils down to every American Fiat dollar being entirely worthless. So we are looking at an essentially overnight 90-100% collapse of the value of the USD and thus economic implosion in the US.

Wonderful time to be a Canadian. Oh, wait, my tech company gets paid in USD and I'm a 19 year old with a high school degree staring down the barrel of the greatest depression the world has ever known, responsible for caring for his crippled mother and young sister.

reply to post by D.E.M.


Aye, you read all of that right. I just read the Market Ticket blogs from the link posted in a previous post. This crap is bad... GS selling securities that they were also shorting?? UBS selling stock at inflated prices and then calling said stock "VOMIT"??

Forget nuclear bombs, etc., this is the real way to destroy a country.

reply to post by rogerstigers


Well something is about to happen, because look at the CNN report that is even admitting the insiders of stock are selling like there is no tomorrow!

link: money.cnn.com...

If the insiders are getting rid of their stocks, there is inside information - jeez, isn't there a law on the books about that?

Originally posted by questioningall
reply to post by rogerstigers

 

If the insiders are getting rid of their stocks, there is inside information - jeez, isn't there a law on the books about that?

LOL.. not that it matters to these folks... Still they will simply say that they thought the numbers were too high and the market was growing too fast and they were expecting a decline in october as is traditional, blah blah blah.

October will prolly be the start of the end. Financial in October, Physical in November, quietish December and January, Hell again in feb - march. These are my humble and tenative guesses (NOT PREDICTIONS).

This thread just makes THIS thread > www.abovetopsecret.com... all the more important in my eyes.

If it is true that we are about to hit rock bottom, people need to start making sure they can provide for themselves during the fallout! This magnificent work of research and creativity could not have come at a better time.

The main problem is going to be hunger, if the banking industry collapses.
Everyone needs to get busy building, and quickly.

reply to post by JayinAR


What an amazing and fabulous thread that is!! Everyone should read that one!!

Wow!

I will like to see everything come crashing so we the tax payer in the nation and hard workers can go on with our lives.

But we are not so lucky, we the tax payers has been given as a gift for those banks too big to fail to pay for any loses they will incurs since the first bailout to the banksters cartel.

Yes people we will be supplying them with all their financial needs for generations to come.

Still now is going to be a campaign to promote the American spending confidence, yeah, people now they are going to target all those Americans that have been saving their littler money for a rainy day.

Because somebody in Wall-street believe that that money that has been stashed away is going to boost the bond Market.

So get ready people because now they want your savings.

reply to post by questioningall


You hit the nail on the head with that one, questioningall.

You explained as I learned it, but like you, I am no math wizard.

Although I do know cryptograms, algorithms, and codes, I only recently got into the ugly creature, called the Federal Reserve.

The Creature from Jekyll Island : A Second Look at the Federal Reserve

Did you see my thread, the one I posted above?

The author of the book I wrote the thread around explain it so much better than I can.

It's a great book and should be required reading in school.

Flagged, starred, and D.I.G.G.'ed.


[edit on 13-9-2009 by SpartanKingLeonidas]

reply to post by marg6043


I...think you might have missed something. Savings won't help because the money is worthless, valueless. Spending it will not aid the economy, because the inflation has reached a breaking point. USD is worth zero, unless you have a stash of gold or silver dollars, and not too many stores or institutions accept those as payment in this day and age...

So, I have got a little bit of worthless money under my mattress, 7 boxes of foodstuffs, two BOB's, not much water and my daughter is 400 miles south of me. This is as icky as it gets, we are in for some crap days ahead.

I must dig deep into my spiritual beliefs to think positively about this one. Living in the moment? ummmm well yea, it's gonna be a rough and tough ride.