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He said it was almost as if those who are behind the "World Banks" needed the gold as an "offering" it caught my attention when he said it, sadly nobody taking part pulled him up on it or even tried to get him to explain what he meant, maybe it was through the sudden way he said it, I know I would have been speechless for a few seconds if I was there.
“The Government should create, issue, and circulate all the currency and credits needed to satisfy the spending power of the Government and the buying power of consumers. By the adoption of these principles, the taxpayers will be saved immense sums of interest. Money will cease to be master and become the servant of humanity.”
I have never had a feeling politically that did not spring from the sentiments embodied in the Declaration of Independence. ... It was not the mere matter of the separation of the Colonies from the motherland; but that sentiment in the Declaration of Independence which gave liberty, not alone to the people of this country, but, I hope, to the world, for all future time. It was that which gave promise that in due time the weight would be lifted from the shoulders of all men. This is a sentiment embodied in the Declaration of Independence.
Originally posted by nyt11
BANKERS PROPOSE 99-YEAR CHARTERS FOR RESERVE BANKS;
Originally posted by ISHAMAGI
reply to post by The Endtime Warrior
Sure have and that correlation makes sense to me.
There is also something on this on Ron Paul's website but the information on it seems very limited. Regardless of the nibiru stuff this date seems important. There is definitely something going on that the elite isn't telling us with this date.
What most people are unaware of is that THERE IS NO LAW that says you have to accept Federal Reserve Notes as payment for a debt. If you think there is, please show it to me....
...Given the previous hyperinflation, clearly there was ample reason for currency revulsion. So you can consider this argument a necessary but not sufficient precondition. What makes the universal acceptance stick is that government accepts its own money to expunge liabilities to it. In plain English, fiat money has value because it is the only money you can use to pay taxes. ....The fact that this money is also the medium of exchange only entrenches its use. So the tax liability is a necessary pre-condition for fiat currency to work, something I will return to....
[No wonder Amendment 16 - Status of Income Tax Clarified was Ratified 2/3/1913, less than a year before the Federal Reserve Act. cv]
Weimar Germany 1919-1923
The key to Weimar's hyperinflation was two-fold.
1. The German government had a large foreign currency debt obligation.
2. The German economy lost huge amounts of productive capacity causing prices to soar as demand outstripped supply....
Zimbabwe
While the facts in Zimbabwe are different, the underlying causes for hyperinflation were the same: foreign currency obligations and a loss of productive capacity.
Zimbabwe had established Independence from Britain in 1980. Yet, by the late 1990s 70% of productive arable land was still held by the small minority 1% of white farmers in the country. After years of talk about redistribution, in 2000, the President Robert Mugabe began to redistribute this land.
The redistribution process was a disaster, .... With agricultural production having plummeted, Zimbabwe was forced to pay to import food in hard currency.
Meanwhile, the government turned to the printing presses to fulfil its domestic obligations. as in Germany, the foreign currency obligations, the loss of productive capacity and the money printing was a toxic brew which ended in hyperinflation.
Hyperinflation in the USA, May 2010
As you can see from the two most severe cases of hyperinflation, the problem in each case was a loss of productive capacity, foreign currency liabilities, and a loss of the ability to tax....
In the German example, the Germans had a huge foreign currency liability that it had to pay, meaning it could not make good on the liability by printing money. It was a currency user as far as these liabilities went. Meanwhile, with productive capacity limited, the government was then unable to ease price pressure through the tax lever. The shortage of goods drove up prices inexorably and the government was forced to turn to the printing press in order to meet its domestic obligations.
In the Zimbabwe example, taxes were again central. Unable to recoup enough tax revenue and with large foreign currency obligations and a loss of productive capacity, the government resorted to printing money in an environment where prices were rising.
So, hyperinflation has very specific preconditions that are not apparent in the U.S..
1. No foreign currency liability: The U.S. dollar is the world's reserve currency so the U.S. can pay for trade goods in U.S. dollars.. The U.S. does not have a peg to gold or some other currency which acts as a de facto foreign currency liability. And the U.S. government has substantially no foreign currency liabilities. All of the debt is issued in domestic currency.
2. Price pressures are still anchored: While commodity prices are rising, they are rising in all currencies, not just in USD. Moreover, their rise will create demand destruction before any hyperinflation could occur. Why? Unemployment is high and capacity utilization is low, meaning there are no inflationary pressures on that front to help push inflation higher before demand destruction sets in.
3. Currency revulsion has not set in: Tax compliance is high in the U.S. We are not talking about Russia, Greece or Argentina where government has had a difficult time in raising tax. Moreover, as the USD is still the world's reserve currency, there has been no freefall sell off of dollars, nor do I anticipate any in the near-to-medium term.
In short, there will be no hyperinflation in the U.S. any time soon.... www.creditwritedowns.com...
The shocking admission Ft Knox holds very little good delivery gold was made to Mr. Durell by the chief official of the General Accounting Office (GAO). This happened a few months after the September 1974 tour.
www.lewrockwell.com...
Jim Rickards lays out a plan to commandeer Germany’s and all foreign depositors of sovereign gold at the New York Fed as currency wars heat up... maxkeiser.com...
The Wall Street Journal reports Friday that gold prices are soaring to record highs as a new powerful factor has emerged as a driver of that rally — China.
According to the Journal, China is now buying huge amounts of gold ...
key data released by China’s state-run Xinhua news agency showing that China imported 209.7 metric tons of gold in the first 10 months of this year. That’s a five hundred percent increase compared to the same period in 2009... www.moneynews.com...
Jun 18, 2010 ... As the world's largest producer of the metal, China often buys gold from its own mines and doesn't report those sales publicly... www.businessinsider.com...
The People's Bank of China(PBOC) recommended yesterday that 1 billion Chinese consider buying gold as a hedge against inflation ; blogs.forbes.com...
hope this helps some...
Headline:
BANKERS PROPOSE 99-YEAR CHARTERS FOR RESERVE BANKS; Extension of System Necessary to Nation's Welfare, Says Report to Association. DECISION AT ONCE URGED Financiers Told of $2,000,000,000 Gain in Savings Banks Deposits in a Year. DEPOSITORS NOW 39,700,000 Golden Anniversary Convention Opens at Atlantic City -- Congressman Attacks High Surtax. BANKERS PROPOSE 99-YEAR CHARTERS
Special to The New York Times.
September 29, 1925, Tuesday
Page 1, 2561 words
select.nytimes.com...
Global Governance 2025 | Atlantic Council
This report analyzes the gap between current international governance institutions, organizations and norms and the demands for global governance likely to be posed by long-term strategic challenges over the next 15 years. The report is the product of research and analysis by the NIC and EUISS following a series of international dialogues co-organized by the Atlantic Council, TPN, and other partner organizations in Beijing, Tokyo, Dubai, New Delhi, Pretoria, Sao Paulo & Brasilia, Moscow, and Paris. The executive summary is below....
www.acus.org...
Welcome to the National Intelligence Council (NIC)
Welcome to the website of the National Intelligence Council. The NIC is a center of strategic thinking within the US Government, reporting to the Director of National Intelligence (DNI) and providing the President and senior policymakers with analyses of foreign policy issues that have been reviewed and coordinated throughout the Intelligence Community....
The National Intelligence Council is pleased to release Global Governance 2025: At a Critical Juncture. The report, produced in conjunction with the European Union's Institute for Security Studies, is a follow-on to the NIC's 2008 Global Trends 2025 study. Global Governance 2025 provides an informal contribution to an important international debate on the way forward for global, regional, and bilateral institutions and frameworks to meet emerging challenges such as climate change, resource management, international migration flows, and new technologies. While not policy prescriptive, the report shares a strong belief that global challenges will require global solutions. The report's primary purpose is to help policymakers in the US and abroad to chart a course for effective management of international problems. In addition, we hope that it will stimulate a broad-ranging debate among academic and nongovernmental experts....
www.dni.gov...