I am pretty much sick and tired of the Sub prime Meltdown-Credit Crunch-How did this happen headlines. This is just another distraction in the ongoing, world wide banking debacle.
Thank you, Criss Pirillo for your wonderful post on "Understanding The Golden Rule"..or better known as "Whoever has the Gold, makes the rules". So, Welcome my friends, to the world of "Banksters".
Who really set up the easy credit for the past six years? How about the past 100 years? The same people that are now going to take it away. This is far more than just a "Sub prime Meltdown". Of course the Big Brother media wants to pin it on evil mortgage brokers, appraisers and fraud. Thus, they can keep the mases thrilled that government appointees like Erin Toll are tracking down the evil doers and keeping the public safe from further harm. (remember when all else fails, the government can save us) What a farce. This is so far from the truth, but remember, we live in a country where McDonalds is the number one food outlet (food?) and people are mostly caught up in NASCAR or their Sunday afternoon sporting events. Yes, the Emporer keeps us well entertained!
Property Values can not go up and up and up forever. We can not tax and tax, inflate and borrow forever. If you understand any of the real truth behind the world economy is a fiat currency structure...then you understand that we are due for a BIG "downgrade" and in the process we will give up some more constitutional rights and some assets too!
Ponzi schemes are a top down business. The Federal Reserve (read: all world wide centralized banks) and the empowered Wall Street hucksters, the likes of Bear Stearns, have pushed financial instruments such Collateralized Debt Obligations (CDOs) into a primary method of funding not just sub prime mortgages but also traditional mortgage debt. These financial products saw a fivefold increase just in the last three years. CDOs were created in 1987 by bankers at now-defunct Drexel Burnham Lambert Inc., the home of one-time junk-bond king Michael Milken. Taken even a step further, the majority, 86%, of CDOs are arbitrage-motivated! Which means no real physical assets, just bets on the spread!
So how can things get so out of control? How can our financial lives be governed by so few people and organizations that aren't elected, must less even citizens of this country? Yep, The United States Of America is really just another "Banana Republic" to the world financiers, the Banksters.
We don't need to look to far back in history to really understand, "The Golden Rule".
“Some of the biggest men in the United States, in the field of commerce and manufacture, are afraid of something. They know that there is a power somewhere so organized, so subtle, so watchful, so interlocked, so complete, so pervasive, that they had better not speak above their breath when they speak in condemnation of it.” - Woodrow Wilson
The above video is one of hundreds available on the net. Although the music is a bit distracting, it provides a real look (10 minutes) at the truth about The Federal Reserve Bank and more importantly our past Presidents that have tried to remove it. The Fed is a standing beacon of the outright fraud and deceit that Americans have lived with for the past 100 years.
I gave a speech to my toastmasters group the other day about The FED. Most people were shocked about it's origins and functions.
So here we are again, America, The United States of America, at the mercy of European and Asian bankers. Correct. Our state and federal leaders have mortgaged our asses to the world. For most of you this will be a news flash. The Federal Reserve is #1, not Federal at all and #2, has no reserves. The FED or the Federal Reserve Bank is a privately Held consortium of banks...and the only thing Federal is the name. It is no more Federal then Federal Express. Secondly, and most importantly, there is absolutely nothing backing our Federal Reserve Notes. It has been is is today a worthless piece of paper. I believe the world is now about to see this...of course at our expense.
The Federal Reserve Note, is not even a promise to pay. It makes no promise at all. Read any bill, you will not find any promise. What is in your pocket or your bank account is debt. As a nation, we have borrowed our own tax coupons and in commerce we accept and use them as if they were money. You do not own your currency free and clear. Borrowed first by the national government, it automatically arrives to the American people with interest due. It is a fiduciary asset which is absolutely simultaneously someone else's interest-bearing liability. It bears interest for the benefit of its issuer and creator, the central banks and their stockholders, the instant it goes into circulation. The central bank (The Federal Reserve), which replaced the existing system---which was unique and American---is modeled after the Bank of England.
This year, Presidential Canidate Congressman Ron Paul introduced a bill to abolish the Federal Reserve. This has been attempted in different forms before. Ron Paul is one of the few Polititions not on the international banking payroll. He should take heed of this site. In fact, Nine American Presidents have been the targets of assassination:- Andrew Jackson in 1835 (opposed a private national bank), Abraham Lincoln in 1865 (opposed a private national bank), James Garfield in 1881 (opposed a private national bank), William McKinley in 1901, Harry S. Truman in 1950, John F. Kennedy in 1963 (opposed a private national bank), Richard Nixon in 1974, Gerald Ford twice in 1975, and Ronald Reagan in 1981 (opposed a private national bank).
Famous economist Ludwig von Mises summed it up like this:
"There is no means of avoiding the final collapse of a boom brought about by credit expansion. The question is only whether the crisis should come sooner as a result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved."
Until people wise up and demand true freedom from this type of banking dictatorship, we will continue on the up and down, yo-yo economy. He's the secret: When you have all the Gold, you profit in markets going up and you profit even more in markets coming down.
Unfortunately, we will continue to live as a nation enslaved to the true world rulers. Nothing will change until we will clean up Congress and the state levels of government of all current political parties. If you would like to see a prime example of public abuse of our constitutional rights that occurs on a daily basis at the street level of a small town cop...watch this video. Our cops, our military and our government leaders as well as the people of the United States of America have no idea what our constitution even stands for.
Both the Libertarian Party and the Constitutional Party are far better than either the Republicans or Democrats. However, if they get into power, they too will soon be as corrupted as those in power.
I think a totally new party would be best. One that really isn't a party but individuals providing the least government possible. One based on the Articles of Confederation, and the best of the Constitution. Something that offers far better gold protection from inflation then Article I Section 10 Clause 1.
Also it would be nice to have a far stronger Bill of Rights and a simpler form of impeachment. If the politicians don't follow this new combined Articles of Confederation/Constitution they get thrown out immediately. "Throw the Bums Out!"
Should you be naive enough to think that all those cool new weapons are being created to only to control the people of Afghanistan, Iran or Iraq...you might want to rethink the phrase "enemies of the State", because someday, it might be you.
RESEARCH YOUR RIGHTS, RESEARCH YOUR HISTORY...READ AND TURN OFF GREYS ANATOMY.
SO, other than that, have a nice day.
Mark, super post, lots of thought. We need more critical thinking in the real estate industry if we are going to reinvent ourselves and take command of our business outcomes. REALonomics.net
Posted by: REALonomics | October 30, 2007 at 05:05 AM