May you live in interesting times
May you come to the attention of those in authority
May you find what you are looking for
-Ancient Chinese Curse
This is part one in series of articles that will explore the big picture and drive towards the purpose behind the “crisis” in the financial world. Our goal is to better understand how we are being manipulated, marginalized, and controlled. These theories need polish so please be patient with me as I dig for the truth.
Deregulate and Crash
So what is the truth behind the global market meltdown? We are approaching the end of the monetary system as we know it. All our hard work and belief in laws designed to protect us and our savings have been compromised, deregulated, and sold to the benefit of a few corporations. Think Enron for banks. Remember Senator Phil Gramm from our last story? He’s the guy who deregulated California’s energy trading market which put PG&E into bankruptcy. Thousands of people’s retirement money was vaporized. He has done the same thing to the banking industry. Even more retirement money is being destroyed right now.
Logic dictates the needs of the many outweigh the needs of the few or the one. However, this is not true for people in the Elite ruling class. They own you.
The mainstream media will not discuss the root cause for several reasons. One, their job is to protect the illusion of a democracy that supports a free market economy. Two, the media is owned by corporations benefiting from wage slavery. Three, truth can lead to civil disobedience en masse and there are not enough FEMA detention centers for that. If you are not aware of these facilities please look it up. The government can legally use the US military to arrest you and detain you.
Working hypothesis (to be further explored):
- Crisis has been engineered to monopolize the global free markets.
- Crisis has been used to push fascist legislation through the US Congress.
- The Treasury Secretary has unprecedented power with no oversight or transparency.
- A group with connections to the Bilderbergs and Council on Foreign Relations is working to centralize world currency and banking.
- Our fiat money system is near systemic collapse as the US dollar approaches a reserve valuation of $0.00.
- All major outstanding US debts are being nationalized.
- The goal is to nationalize all debt, create a vehicle to service the debt, then destroy the vehicle.
- *That vehicle could be the US Federal Reserve System.
Who Are the Puppet Masters?
Here are some key members of the Bilderbergs managing the US credit crisis (from the Official 2008 Bilderberg Participant List):
Alexander, Keith B. Director, National Security Agency
Bernanke, Ben S. Chairman, Board of Governors, Federal Reserve System
Daschle, Thomas A. Former US Senator and Senate Majority Leader
Geithner, Timothy F. President and CEO, Federal Reserve Bank of New York
Gigot, Paul Editorial Page Editor, The Wall Street Journal
Graham, Donald E. Chairman and CEO, The Washington Post Company
Paulson, Jr., Henry M. Secretary of the Treasury
Rice, Condoleezza Secretary of State
Rockefeller, David Former Chairman, Chase Manhattan Bank
Rose, Charlie Producer, Rose Communications
Schmidt, Eric Chairman of the Executive Committee and CEO, Google
Wolfowitz, Paul Visiting Scholar, American Enterprise Institute for Public Policy Research
Listen to a BBC story on the group.
The point of highlighting these individuals is to show key players who are compromised and leveraged. They had foresight of the impending collapse, are on record for being warned about it, and have kept silent. This is key to understanding why the collapse was engineered and for what purpose.
Like a game of musical chairs banks are being removed from the party and soon the music will stop. The failure of the current banking system could be used as a reason to enforce a new global regulatory body. This body might be a reincarnated version of the Federal Reserve System with greater centralized power. The Fed was initially created in secret meetings by powerful old money families at Jekyll Island, just like the Bilderbergs met in secret last June.
This type of future should conjure images of Orwell’s 1984, Bladerunner, and Minority Report. We all have the authority to stop this. We don’t deserve to be owned by a banking corporation that uses our own money to subvert our civic freedoms.
How Far Can a Dollar Go?
There is a theoretical ceiling on debt and leverage that can be entered into the money supply. Many banks traditionally are supposed to maintain a 10% reserve. For example (from Wikipedia):
Reserve requirements affect the potential of the banking system to create transaction deposits. If the reserve requirement is 10%, for example, a bank that receives a $100 deposit may lend out $90 of that deposit. If the borrower then writes a check to someone who deposits the $90, the bank receiving that deposit can lend out $81. As the process continues, the banking system can expand the change in excess reserves of $90 into a maximum of $1,000 of money ($100+$90+81+$72.90+…=$1,000), e.g.$100/0.10=$1,000.
The solution presented to Congress is to exacerbate this problem by creating more debt, which can theoretically lead to complete failure. I’m not a banker or economist, so please help enlighten me if this is wrong.
This is a great review of the history of US currency:
Where is Money Going?
Our current fiat money system is based on scarcity which has created competition, greed, and war. If it is designed to fail it won’t matter where you put your money. Gold ownership can also be outlawed, as it was with the Gold Confiscation Order:
It required all persons to deliver on or before May 1, 1933 all gold coin, gold bullion, and gold certificates owned by them to the Federal Reserve. Under the Trading With the Enemy Act of October 6, 1917, as amended on March 9, 1933, violation of Executive Order 6102 was punishable by fine up to $10,000 ($166,640 if adjusted for inflation as of 2008) or up to ten years in prison, or both. Because of this forced immediate sale of gold to the Federal Reserve at the government set price of $20.67 per ounce, this Executive Order is often referred to as the Gold Confiscation of 1933. Shortly after this forced sale, the price of gold from the treasury for international transactions was raised to $35 an ounce; the U.S. government thereby devalued the U.S. dollar by 41%. This price remained until August 15, 1971 when President Richard Nixon announced that the United States would no longer convert dollars to gold at a fixed value, thus abandoning the gold standard.
The system could finally crumble along with mass disillusionment. People will then realize all their time and effort securing money, or a safe future, was completely futile.
Please watch the following documentary. It’s one of the best you’ll ever see. Zeitgeist Addendum beautifully explains how money is created and the critical flaws of this system:
In the long run this could be the greatest thing to happen to modern civilization. It could lead to the end of wage slavery. Or it could lead to a stronger police state. It probably won’t happen this year or next year, but we’re closer than we’ve ever been. Ending the debt-based monetary system depends on the overall consciousness of the world’s citizens.
People have to wake up and stop enabling the system. Every $1,000 in your bank account is leveraged into $10,000 to build out the US Empire. People need to stop blindly supporting the military. The US no longer has a citizen army. Think Vietnam dissention. We have what Noam Chomsky calls, “A mercenary army of the disadvantaged.” This army is key to an expanding empire. The Elite will not allow citizens to interfere with global monopoly. Watch the Battle in Seattle for proof. The Elite will soon push for the Amero or some other form of credit, which will lead to a more aggressive police state.
The Future for US Citizens?
We haven’t seen any serious bankruptcies yet, which should eventually come in waves as all the credit/debt unwinds. We might see this in a few months. The media is ignoring this very real possibility. It is the Fed which is preventing massive bankruptcies. How long can their shell game continue through artificial support of a corrupt monetary system?
When more people realize how they have been abused by a system that is run by an Elite class, at the expense of the majority, they will demonstrate.
Here is how a local government recently prepared for peaceful protesters:
The “Battle in Seattle” WTO Ministerial Conference of 1999:
