A Dire Warnings

Something Big is Going On
Dr. Paul on FOX Business tonight

Figure (click to enlarge): From David's Medienkritik. Der Spiegel on the Dollar: Exaggeration, Sensationalism and Bipolarity. Caption: Der Spiegel in 2002: Euroland The New Money Power.

Entry: The following statement is written by Congressman Paul about the pending financial disaster. He will introduce this statement as a special order and insert it into the Congressional Record next week. Fortunately, we have the opportunity to debut it first on the Campaign for Liberty blog. It reads as follows:

Essence: I have, for the past 35 years, expressed my grave concern for the future of America. The course we have taken over the past century has threatened our liberties, security and prosperity. In spite of these long-held concerns, I have days—growing more frequent all the time—when I’m convinced the time is now upon us that some Big Events are about to occur. These fast-approaching events will not go unnoticed. They will affect all of us. They will not be limited to just some areas of our country. The world economy and political system will share in the chaos about to be unleashed.

America, with her traditions of free markets and property rights, led the way toward great wealth and progress throughout the world as well as at home. Since we have lost our confidence in the principles of liberty, self reliance, hard work and frugality, and instead took on empire building, financed through inflation and debt, all this has changed. This is indeed frightening and an historic event.

Excerpts: The problem we face is not new in history. Authoritarianism has been around a long time. For centuries, inflation and debt have been used by tyrants to hold power, promote aggression, and provide “bread and circuses” for the people. The notion that a country can afford “guns and butter” with no significant penalty existed even before the 1960s when it became a popular slogan. It was then, though, we were told the Vietnam War and a massive expansion of the welfare state were not problems. The seventies proved that assumption wrong.

(...) Today things are different from even ancient times or the 1970s. There is something to the argument that we are now a global economy. The world has more people and is more integrated due to modern technology, communications, and travel. If modern technology had been used to promote the ideas of liberty, free markets, sound money and trade, it would have ushered in a new golden age—a globalism we could accept.

(...) Instead, the wealth and freedom we now enjoy are shrinking and rest upon a fragile philosophic infrastructure. It is not unlike the levies and bridges in our own country that our system of war and welfare has caused us to ignore.

(...) Being an unchallenged sole superpower was never accepted by us with a sense of humility and respect. Our arrogance and aggressiveness have been used to promote a world empire backed by the most powerful army of history. This type of globalist intervention creates problems for all citizens of the world and fails to contribute to the well-being of the world’s populations. Just think how our personal liberties have been trashed here at home in the last decade.

(...) The financial crisis, still in its early stages, is apparent to everyone: gasoline prices over $4 a gallon; skyrocketing education and medical-care costs; the collapse of the housing bubble; the bursting of the NASDAQ bubble; stockmarkets plunging; unemployment rising;, massive underemployment; excessive government debt; and unmanageable personal debt. Little doubt exists as to whether we’ll get stagflation. The question that will soon be asked is: When will the stagflation become an inflationary depression?

(...) This bubble is different and bigger for another reason. The central banks of the world secretly collude to centrally plan the world economy. I’m convinced that agreements among central banks to “monetize” U.S. debt these past 15 years have existed, although secretly and out of the reach of any oversight of anyone—especially the U.S. Congress that doesn’t care, or just flat doesn’t understand. As this “gift” to us comes to an end, our problems worsen. The central banks and the various governments are very powerful, but eventually the markets overwhelm when the people who get stuck holding the bag (of bad dollars) catch on and spend the dollars into the economy with emotional zeal, thus igniting inflationary fever.

(...) This time—since there are so many dollars and so many countries involved—the Fed has been able to “paper” over every approaching crisis for the past 15 years, especially with Alan Greenspan as Chairman of the Federal Reserve Board, which has allowed the bubble to become history’s greatest.

(...) The mistakes made with excessive credit at artificially low rates are huge, and the market is demanding a correction. This involves excessive debt, misdirected investments, over-investments, and all the other problems caused by the government when spending the money they should never have had. Foreign militarism, welfare handouts and $80 trillion entitlement promises are all coming to an end. We don’t have the money or the wealth-creating capacity to catch up and care for all the needs that now exist because we rejected the market economy, sound money, self reliance and the principles of liberty.

(...) One of the two choices, and the one chosen so often by government in the past is that of rejecting the principles of liberty and resorting to even bigger and more authoritarian government. Some argue that giving dictatorial powers to the President, just as we have allowed him to run the American empire, is what we should do. That’s the great danger, and in this post-911 atmosphere, too many Americans are seeking safety over freedom. We have already lost too many of our personal liberties already. Real fear of economic collapse could prompt central planners to act to such a degree that the New Deal of the 30’s might look like Jefferson’s Declaration of Independence.

(...) The more the government is allowed to do in taking over and running the economy, the deeper the depression gets and the longer it lasts. That was the story of the 30ss and the early 40s, and the same mistakes are likely to be made again if we do not wake up.

NSM remark: Decidedly read it in full. The corruption shit in which USA is of now is gigantic. I'm not so optimistic as Mr Paul. Government has a power to help it force its agenda upon people. Even bloody confrontation is possible.

Final Globalization Of The US Banking System By The Federal Reserve
By Joan M. Veon, The Women's International Media Group, Inc., 7-3-8


Figure (click to enlarge): From Photo from AP Photo by Files or Federal Reserve HO. A qoute - 17 months ago: Although the Federal Reserve has become more open over the years, it is still one of the most mysterious Washington institutions. These photos from files or provided by the Federal Reserve are the people, who hold such power over each American's pocket book: from top left, Chairman of the Federal Reserve Ben Bernanke; Federal Reserve Governor Susan Bies; Federal Reserve Vice Chairman Donald Kohn; Federal Reserve Governor Kevin Warsh; Federal Reserve Governor Randall Kroszner; Michael Moskow, president of the Federal Reserve Bank of Chicago; Federal Reserve Governor Frederic Mishkin; Timothy Geithner, president of the Federal Reserve Bank of New York; William Poole, president of the Federal Reserve Bank of St. Louis; Cathy Minehan, president of the Federal Reserve Bank of Boston; Thomas Hoenig, president of the Federal Reserve Bank of Kansas City.

Entry: We live in a globalized world-a world without barriers or borders, which means every aspect of our economic structure has to change. A private corporation, we call the Federal Reserve, controls the majority of our monetary system. To understand the new set of powers being advanced by the U.S. Treasury Department to the Federal Reserve, we first must recognize that the Federal Reserve Act passed in 1913 never gave them (the Feds) total power over our economy.

To appreciate the importance of what is currently taking place, we must first realize that as a private corporation, the Federal Reserve is not required to make public who sits on their board of Directors nor who or what banks and corporations hold stock in their private company. Additionally, they are not required to publish an annual report, and I am told, they pay no taxes. So why is it that the American people cannot forgive themselves the interest on their debt? It is because it is owed to a private corporation!

Essence: The entire financial and business cycle of market highs and lows is controlled by how much money the Feds pump into or glean from the banking system. When they add money to the system, interest rates fall and the market rises and when they take money out of the system, interest rates rise and the stock market falls or corrects. In doing so, this private corporate structure allows for an elite group of people to literally buy low and sell high, thus transferring the wealth into their pockets while those who continue to hold take the "hit."

The globalization of our financial system goes hand in hand with the need for a global stock exchange and global accounting system to harmonize the cross-border activities of transnational corporations and banks. To facilitate this process is the interdependence, or mutual dependence between countries, which came about as the barriers fell. With a globalized stock exchange, insurance system, and accounting system, we will need a GLOBAL REGULATORY SYSTEM to accommodate the changes from national to international. This will all fit in with recent calls for a global central bank.

Excerpts: According to my analysis of the various activities, which are now referred to as the sub-prime crisis, the mortgage crisis, and the world liquidity crisis, our financial system, which reflects the last vestiges of national sovereignty, must be changed. The recent proposal by the Treasury Department called "Blueprint for a Modernized Financial Regulatory Structure" is being touted as the antidote for our sick economy.

(...) The Blueprint recommends changing the banking charter to include all financial institutions, thus effectively transferring, control over "national banks, federal savings associations, and federal [and state] credit union charters, and be available to all corporate forms, including stock, mutual and ownership structures." While the Fed was originally given power over the banking system, they were not given power over savings and loans, state chartered banks, or credit unions.

(...) To give you a sense of the immense transfer of wealth that is taking place, understand that the U.S. insurers hold $6T in assets, the U.S. banking sector holds $12.6T, and the U.S. securities sector holds $12.4T, for a total of $31T in assets. Are you seeing what they see? Dollar signs and control-control of our financial future, control of where we can live, and control of how we will live. In Medieval times this was called feudalism.

(...) It is further stated that the Fed be given the role of Market Stability Regulator. This is highly unprecedented. By doing so, the Fed will have total control over what happens in the market; not just the amount of liquidity they funnel in and channel out. The Blueprint states the Fed should be given responsibility to: gather appropriate information, disclose information, collaborate with other regulators [international] on rule writing and take corrective actions when necessary in the "interest of overall financial market stability". "This new role would replace its traditional role as a supervisor of certain banks and all bank holding companies. The Fed's responsibilities would be broad, important and difficult to undertake."

(...) Lastly, if we are going to live in a globalized world with a global stock exchange, a global central bank, a global tax, a global currency, and a global regulatory system, then we need a Global Commodities Regulator . To complement all of this globalizing will be a change in our tax code to an international tax system known as the national sales tax (flat tax) and/or a Value Added Tax (VAT). Virginia Congressman Goodlatte has introduced HR510, co-sponsored by 109 Congressmen, calling for the repeal of the IRS Code of 1986, which was the last major tax-code overhaul.

(...) Once the last vestiges of American financial sovereignty are transferred to this private corporation, Congress becomes obsolete and useless. Up until this time, they were needed to help approve the various incremental transfers of financial sovereignty. Now, they will not be needed and if they think they have any power, they will find that they gave it all away. How pathetic of them, they should all be hanged for treason.

Disrespecting America - Multiculturalism
By Frosty Wooldridge, 7-3-8


Figure (click to enlarge): From MEXICANIZATION OF AMERICA

Entry: The official U S Census demographics tell us that 16.5% of the folks who reside in the nation are non-Hispanic blacks, certainly a minority. Many blacks, each for their own reason, have held back refusing to assimilate fully into the big-picture USA. Examples are everywhere.

On July 1, 2008, in Denver, Colorado, Mayor John Hickenlooper stood with 700 guests for the singing of the "Star Spangled Banner" at his annual State of the City address. A local jazz singer, Rene Marie, contracted to sing the national anthem, instead shocked the audience with the "Black National Anthem." Everyone in the audience gasped! In unison, they swallowed hard! Rene Marie sat down with a sense of satisfaction as if she just put one over on her audience. She did! Ms. Marie, a black woman, smugly disrespected America!

Essence: In a strange twist, Americans, in the main, cowered and refrained from commenting fearing being labeled a racist.

Mexican illegal aliens, in many locations across the nation during the past two years, dragged our nation's flag, "Old Glory", through the mud and across the concrete in their marches for their 'rights' to break our laws. They raised our beloved national flag upside down, below theirs at a U S Post Office in Maywood, California. The same day, they set another U S flag afire throwing epitaphs to long-time locals. Ugly disrespect for America!

If you look at present day Miami, two such societies exist. Chicago illustrates this growing dilemma: more than two million illegal aliens. American blacks and the rest of Americans make up the rest of the Windy City. Los Angeles provides a violent example of disrespect for America as thousands of cars sport bumper stickers: "F*** You! This is Mexico."

Excerpts: For average citizens that call themselves "Americans", the very foundation of America rots underneath them while their own PC leaders engage 'multiculturalism and diversity' as a politically correct term for national suicide. Multiculturalism stops American leaders in their tracks. Multiculturalism counters everything 'American'.

(...) Multiculturalism disrespects the foundation of America by destroying the foundation of our language, our culture and our ethos as a civilization. In the end, we slit our collective throats with 'multiculturalism'. Multiculturalism: disrespect for America and being American!