Showing posts with label Monetary system. Show all posts
Showing posts with label Monetary system. Show all posts

Friday, November 4, 2022

GREAT, innovative article on Gold, Money, & Banking

 The info in the article at the link below is NOT the standard fare found regarding the title above.  I would venture to guess you haven't heard or seen three-fourths of it anywhere.  It's truly ground-breaking.


The author, Herman E. Daly, died just recently at 84.  He was a giant in Ecological Economics, & pretty much ignored/suppressed by the Establishment.  One of the reasons for that:  he believed "money" is a public utility, & should not be created out of thin air by private banks (which it is, via fractional reserve banking).

R.I.P., Prof. Daly.

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Not only my opinion.  Be Well

Wednesday, June 21, 2017

A Warning About So-Called Crypto-CURRENCY


First, let me state clearly that I'm in favor of alternative currency.  It should be obvious that the U.S. fiat Dollar is crashing...and it's not the only one doing so.  Nevertheless, it's important to note the misrepresentations and falsehoods regarding all crypto-currencies...as follows.

1.  The implication coming from crypto people is that Bitcoin, Ethereum, etc. can be used legally in "money" transactions, and that the crypto-"coins" are not regulated (or barely so) by the Feds.  False.  The first law that applies to them is the Legal Tender Law, Section 5103 of Title 31 (U.S. Code/USC), which delineates exactly what is acceptable as currency.  Guess what?  All the listed items are issued by some portion of the Gov't or the Fed Reserve.  Crypto-"currency" is not Legal Tender.  The Cryptos also fall under several regulations having to do with commodities...because that's what the Feds have designated them as---commodities, not currencies.

2.  Another implication is that because of "blockchain" technology, crypto people will be able to be anonymous, have their own "banks", and avoid the IRS.  All I can say to that is don't be naive.  DARPA, the Defense Advanced Research Projects Agency (founded in 1958), created the High Tech world.  If they can't master "blockchain", all they have to do is offer $500,000 (or a million) to some independent contractor or two to do it.  The line of applicants will be a mile long.

3.  Finally, there's a strong implication (sometimes an outright claim) from crypto promoters that not only is the Crypto-World anonymous, but it's also safe.  False.  There is a War on Crypto-Currencies being waged by the Feds and others.  Currently, it's a quiet war.  If need be, though, it will get loud and nasty.  Don't think for one minute that the Powers-That-Be simply will roll over and watch their fiat Dollar be replaced by some private alternative.  [Japan appears to be an exception to that.]  If push comes to shove, they will designate all crypto people "financial terrorists" and a threat to national security.  With current laws already in place, you then will be subject to arrest without a proper warrant, being held incommunicado, and being held indefinitely without a trial.

The Elites already are emphasizing the "criminal money-laundering" aspect of Cryptos.  In addition, it's becoming more & more difficult even to access crypto websites.  None of this is a coincidence.  The war is on, and if you're attempting to use Cryptos as CURRENCY, you are a target.  Lastly, anyone who believes that he/she can do any type of electronic transaction deemed by the Feds to be undesirable, and do it anonymously, is behind on the learning curve relative to what the NSA & other Fed agencies are doing.

The only way Cryptos ever will be Legal Tender in the USA is if only the Fed Reserve produces and distributes them.  The Elites won't allow anything else...and they will fight tooth & nail to make certain the Dollar (or its official replacement) remains King.

Not only my opinion.  Be Well

Thursday, October 23, 2014

Oligarchies, Wall Street, Crony Capitalism, and...


much, much more.

At the link below are many legitimate articles exposing Oligarchies, Wall Street, Globalization, the Feds, and Crony Capitalism in general.  Excellent research references...highly recommended...dynamite stuff...genuine antidotes to the Propaganda Kool Aid.  

Not just my opinion.  Be Well 



Who Owns the Fed? - A Great Scam



This explains one of the greatest scams in American history... in which We the People are being ripped off for the benefit of privately owned banks.  The piece cannot be "skimmed over"; you have to be alert in order to grasp it.  It's a great reference, or source...very legitimate, with impeccable scholarship.

Will Congress make the necessary corrections?...not without pressure.

Not just my opinion.  Be Well

Wednesday, October 22, 2014

The Emperor is not Wearing any Clothes


By "The Emperor", I'm referring not only to our President, but also to the U.S. Treasury, the Fed Reserve, the Justice Department in general, the NSA, The FBI, the SEC, the CIA, and the Pentagon.  Without too much effort, I also could include the U.S. Congress and the U.S. Supreme Court.  At the highest levels, most of our Fed Gov't consists of people engaged in obvious deceit and outright fraud.  On top of that, many of their activities are utterly and blatantly unconstitutional.

For examples of the deceit, fraud, and unconstitutionality, I could refer you to the past posts on this venue... for over seven years now.  That, however, really isn't necessary.  Anyone who has made a sincere effort to stay abreast of the political and economic news (not just from the Corporate Media) in the past few decades knows what's happening.  Despite that, let's at least cite a very few of those examples.

1.  Read Article II of the U.S. Constitution.  It's the section that enumerates the powers delegated to the Executive Branch by We the People.  Nowhere in Article II is the President delegated the power to put this Nation at war.  War-making powers reside with the U.S. Congress.  Despite the Orwellian view of Obama (and just about all past Presidents since the end of WW II), the "Commander-in-Chief" is not Constitutionally permitted to commit the military to war...by himself.  Those at the highest levels in our Gov't surely cannot help but know that for a fact.  That means they all are violating their Oath to preserve, protect, and defend the Supreme Law of the Land.

2.  Neither does Article II delegate power to the President to write "Executive Orders" on any subject he pleases.  Only two subjects are enumerated:  a written report from any of the Executive Department Heads on any topic relevant to their Departments; and, the power to issue Presidential Pardons (except in the case of Impeachment).  Today's puppets of the Oligarchy claim that Article II implies that other Executive Orders may be written as well.  That belief has prevailed for decades and decades.  In the beginning, back in the 1800s, the Orders were innocuous---things such as declaring a certain day to be in honor of the Mighty Oak Tree, or some such trivia.  But for years now, the fraudulent power has been used to bypass Congress.  It has made the modest Office of the President into that of a soft dictator.  Let's be clear:  the Constitution does not imply powers; instead, it enumerates them.  Republicans & Democrats at the highest levels know that full well; they simply don't want to give up the usurped power.

3.  The FBI now can search your home without a proper warrant.  The Agent simply writes what's known as a "National Security Letter"; that supposedly serves as a search warrant.  If you're not home, they don't have to inform you that your house was searched.  Not only that, if you are home and aware of the search, the Agent can tell you to never reveal the fact of the search to anyone...under penalty of being sent to prison.  This is what's known as a Police State.  [The late writers George Orwell (1984) and Aldous Huxley (Brave New World) must be amazed that their fictional dystopias have more or less materialized.]

4.  The U.S. Treasury - Fed Reserve System - Banking monetary system is a complete fraud and scam.  There's so much legitimate info on that subject so as to make it unnecessary to explain it further.  Nevertheless, consider the following quotes.

"I am afraid the ordinary citizen will not like to be told that the banks can and do create money. And they who control the credit of the nation direct the policy of Governments and hold in the hollow of their hand the destiny of the people." Reginald McKenna, as Chairman of the Midland Bank, addressing stockholders in 1924.

"I believe that banking institutions are more dangerous to our liberties than standing armies." Thomas Jefferson, US President 

"If the American people ever allow private banks to control issue of their currency, first by inflation, then by deflation, the banks and the corporations will grow up around them, will deprive the people of all property until their children wake up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs." Thomas Jefferson in the debate over The Re-charter of the Bank Bill 

"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 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." Abraham Lincoln, US President
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According to the Constitution, Congress is charged with regulating the value of our money.  Congress does no such thing.  Plus, according to Alan Greenspan on a PBS News Hour interview several years ago, "No one has authority over us [the Fed Reserve]."  So, private banks both issue money (through the fraud of "Fractional Reserve Banking") and regulate the value of it...by the arbitrary interest rates set by the Fed.  The Fed is simply the Middle Man between the U.S. Treasury, other banks, and the People.  The private stockholders of the Fed make 6% interest (by Law) on all those Middle Man transactions.  Six percent doesn't sound like much, until you consider that billions of dollars are involved in those Middle Man transactions.  All of that is unnecessary...and nothing but a scam.

I suspect that many or most Americans feel that little or nothing can be done about everything written above...so about 50% of us "vote", thinking that we just need the "right" people in office.  History shows anyone who looks carefully that "voting" is not the answer, at least, not presently.  We've had well over 200 years of "voting"...things only have gotten worse.  Whether we care to admit it or not, Oligarchies control politics with propaganda, ballot-access laws, and money.  Neither is violent revolution the answer...for reasons that should be obvious.

An activist once said, "We be many; they be few."... it was a call to peaceful resistance.  The first step is to stop drinking the Propaganda Kool Aid.  Next, people need to identify what they want...what type of governance?  That's a most difficult question.  A republic protects individual rights, but throughout History, republics have been controlled by Oligarchies...the Meritocracy.  The overall results rarely have been good.  A pure, participatory democracy can be little more than mob rule...unless individual rights are protected regardless of what the "majority" wants.  So, it's a conundrum, a genuine dilemma.  There are other choices.  [Obviously, totalitarianism is not even up for consideration.]  One thing should be clear, though:  what we have now in the USA is not for the benefit of We the People.

Not just my opinion.  Be Well

"Don't Believe Him"

The Nazis in the 1930's and 1940's used exactly the same propaganda tactic as is used by Trump:  repeat a lie over & over, and m...