Our currency is failing. The world's currencies are failing. You can't see it yet, but it is there and coming. The private money sector is failing, simply because it cannot stand against the quadrillions of money lost through stupidity and theft over the past forty, or so, years. That is right. Quadrillions. That is thousands of trillions. What happened is not even important anymore. No, that will come later, if we ever decide to go after the people who did this to us. And it was done to us. But what do we do in the meantime? There is only one thing. Unless we form a new Bank of the United States and begin granting credit based upon that bank's promises to pay, we are doomed to a financial fate worse than the depression. The Dark Ages, which took hundreds of years to recover from, and cost millions upon millions of lives, will be our fate. A return to barter. To a time when guilds are re-started and small tribes prevail. The technology we are all so accustomed to will be gone, almost overnight. Cell phone towers will dot the plains like windmills of old. Our children's children's children may even forget what the hell those rusty tall towers were for. It will be Planet of the Apes but we will be the apes.
A new bank needs to be formed here and in every other developed country of the world. Those banks would guarantee credit. The old currencies, including ours would have to go. All of them. New ones would have to be issued. Only then can new values for things be reassigned, based upon sound credit decisions of the new bank. The Federal Reserve could easily be disbanded and remade into this bank. The bank would also print the new currency. Of course, many wealthy people have foreseen exactly this necessity and so have been buying up every valuable commodity they can get their hands upon. Bullion in person. Possessed, and not based upon any paper. When the real 'bailout' occurs, then they can buy the new currency based upon whatever value is assigned by the new bank. And then they are wealthy agaln. If we let them do that, of course. We live in the most adaptable and functional democracy on the planet. We, as a people can do pretty much what we want to. All we have to do is decide what we want to do.
And therein lies the rub. The media is not going to tell you any of this until it is too late. It is not that they do not understand. It is that they are afraid. And they too hope. They hope that nothing will happen. We are frozen financially right now. But we cannot stay absolutely still forever. We have to move. Goods have to be produced and transported. And all of that cannot continue to happen with what companies have kept back in cash or in very limited credit. We are in the last ninety days of our old lives. Maybe we have until as late as March, but not much more than that. And there is a solution. Can Obama take the necessary steps? Will we have until January 20 even for him to have that opportunity? Will both Congress get behind him?
Will anybody, outside of small fringe voices (like mine) say anything about this? I just don't know, but I think the chances are only about ten percent that action will be taken. That is kind of depressing, and I don't mean to be depressing. There is adventure and opportunity in violent change. Never forget that. And, if everything goes completely to hell in a hand-basket then the people who have had nothing have not lost much. So there is that. And there is always tribalism. Band together in small groups of family and friends now. Make mutual pacts among yourselves. Support one another. Have Thanksgiving (we are still here and okay) and Christmas together. Begin quickly shedding this existencial existence we have fallen into. This culture is cold unforgiving place, in general. Maybe that will be the greatest thing to change if there is tremendous upheaval. God Bless and carry on!
“We've made it this far because supporters like you never stopped believing in your power to bring about real change.”
President Elect Barack Obama 11/4/2008
The currency board is nothing new… Countries like Japan and China are doing it with our money - - - United States Treasuries.
In my opinion the Currency Board for the American Working Class was formed when the TARP and EESA were established by an Act of Congress. Now, the American people just need to join and participate in the structure(s) provided to effect the financial change we need in the economy.
The basic structure of the currency board for the American Working Class will generate liquidity to the community banking sector.
It is specifically designed for the liquid cash money supply called M1: narrow money – cash money of paper and coin, in general circulation of the United States economy.
U.S. Bank notes: Federal Reserve Notes issued by the Federal Reserve Bank [the central bank and the U.S. Department of the Treasury] are debt exchange bills in troubled assets – “debit” units of exchange. The banking industry was rescued by the American people and the currency board comprised of the American Working Class makes sure they get paid for their financial troubles.
Due to the economic crisis the currency board makes direct payments in lawful unit value of currency the American Working Class; registered participants that join the currency board.
The currency board’s primary function is to seized control of M1 of the U.S. economy; and restore the functional qualities of currency to U.S. Bank notes [Federal Reserve Notes] used by the working class – business owners, wage earners, investors, home owners, and retail consumers of food, utilities, gasoline, financial services, etc.
Federal Reserve Notes [U.S. Bank notes] are used to make credit loan debt payments against assets securitized by the broad money supply – M2 and M3. They are public obligation paper (POP); “debit” exchange units for the American people; cash money paper. They have no functional qualities of currency; they have no unit of account, no storage value, no standard of deferred payment because of the Wall Street criminal credit default swap enterprise conducted through the central banking system, the Federal Reserve Bank.
The highest best use of “debit” exchange units – public obligation paper (POP) – Federal Reserve Notes [U.S. Bank notes] is for the American working class to freely contribute them to the currency board; to grow and expand the narrow money supply – M1 – by the perpetual circulation in the bank wire system of the community bank sector. This act by the currency board [American people] will restore the functional qualities of currency to Federal Reserve Notes [U.S. Bank notes].
This is the primary fiscal monetary policy of the currency board; to facilitate the perpetual general circulation by bank wire of the liquid – cash money dollar paper bills – “debit” exchange units issued as Federal Reserve Notes [U.S. Bank notes] in the United States of America; will generate lawful unit value of currency.
The currency board utilizes all seven denominated paper bills [Federal Reserve Notes; U.S. Bank notes] to facilitate perpetual circulation of the cash money supply to benefit the American people [working class] and the U.S. economy:
Congressionally authorized American Eagle Bullion coins program was launched in 1986 by the U.S. Mint of the U.S. Department of the Treasury. The specific purpose of the program is to pay the national debt.
Store value; consumer purchasing power of cash money is restored by the following act by the currency board for the American Working Class:
All profits and paper gains from the circulation of public obligation paper will be used by the currency board through the U.S. Department of the Treasury to PayGO the national budget up to $5 Trillion; the U.S. government budget deficit up to $3 Trillion; the national debt up to $15 Trillion; the trade deficit up to $5 Trillion; the economic policy of the President of the United States of America in Congress Assembled: $1 Trillion or more [Economic Security Plan for the American Working Class].
Furthermore, the currency board is dedicated to purchasing U.S. government treasuries and investing in government sponsored entities; and publicly traded companies through direct reinvestment programs. This act by the currency board will restore a standard of deferred payment to the narrow money supply in the U.S. economy.
The currency board serves the working class in America. The American people earn shareholder distribution rights (SDR) when they participate in the perpetual general circulation of Federal Reserve Notes [U.S. Bank notes] by bank wire through the community banking sector.
One contribution of 188 dollars earns one direct payment of $200 USD in lawful unit value of currency from the currency board [the sum total of all seven denominations of cash paper exchange bills [U.S. Bank notes]- “debit” exchange units issued for general circulation by the Federal Reserve Bank: 1 dollar bill + 2 dollar bill + 5 dollar bill + 10 dollar bill + 20 dollar bill + 50 dollar bill + 100 dollar bill equals 188 dollars earns a direct payment of $200 USD in lawful unit value of currency which is equal to one shareholder distribution right (SDR) to US dollar currency of lawful unit value].
The contribution of one direct income payment (the sum total of paper exchange bills – U.S. legal tender: public obligation paper – equal to 200 dollars) earns one shareholder distribution right (SDR) equal to $250 USD in lawful unit value of currency.
The currency board uses a simple contribution structure to finance the U.S. government. It is commonly called PayGO. The currency board contributes one piece of paper for one direct payment of lawful unit value of currency.
The currency board utilizes all seven denominated paper bills [Federal Reserve Notes; U.S. Bank notes] in the general circulation for the PayGO contribution system.
The currency board uses the following standard direct payment for the PayGO contribution system in unit multiples of 1, 2, 5, 10, 20, 50, 100 per SDR:
Join the American Working Class Currency Board @ POPLUV THE PAYGO:
http://my.barackobama.com/page/group/POPLUVTHEPAYGOVOTEFOROBAMA
(Source)
What are we doing? This morning, again, GWB is trying to reassure us that all the central banks around the world are trying to help us get out of this downturn!!!!!
What do you mean by that???
I think it's
And we're letting ourselves lose out to this guy!
(Source for those pics)
So I'm not so sure...
Please check out these vids!
Rogers: CASH is the King -- http://www.youtube.com/watch?v=xIsHD7nwTbU
Glenn Beck World WHAT? -- http://www.youtube.com/watch?v=SKsiZdOD5u4
Before this happens:
(Sources: Top, Bottom 2)
Feel free to debate and discuss!
EMK
The cost of Oil, in the US, is simply determined by the value of our currency as compared to other competing currencies. If the US dollar drops in relative value; the cost of Oil goes up for us but not for the competing nations.
At this time the dollar is very weak when compared to other currencies. As an example the dollar can only buy .7 euros. A few years back the dollar was stronger than the euro.
The recent decline in gasoline prices is due to the dollar gaining some strength in relation to other currencies. The dollar has gone from being able to buy .64 euros to about .7 euros. Gasoline is less costly by about the same percentage.
So, it is easy to see that if we can return the dollar to relative strength (parity with the euro) we would expect to see a 30% decrease in the price of oil and therefore a reduction in the price of gasoline. This would amount to a price per gallon (gasoline) of about $2.50.
Let's get behind programs which will strengthen the dollar so we can direct our efforts into the development of domestic renewable energy resouces. Many of the proposed programs of Obama will help the strength of the dollar. Manipulating the dollar can be accomplised in a short time frame without the need for finding any more oil.
McCain Mocked Idea of Obama on U.S. Currency...in JUNE
8/2/08 jed report
The issue here, of course, is that John McCain claimed great umbrage at Barack Obama's lighthearted comment that Bush and McCain would emphasize that "he doesn't look like all those other presidents on the dollar bills."But if John McCain thinks that comment was playing the race card, then why did he play it first? One month ago -- in late June -- a McCain ad superimposed Obama's visage on a one hundred dollar bill as part of an effort to mock his supposed 'presumptuousness.'
The issue here, of course, is that John McCain claimed great umbrage at Barack Obama's lighthearted comment that Bush and McCain would emphasize that "he doesn't look like all those other presidents on the dollar bills."
But if John McCain thinks that comment was playing the race card, then why did he play it first? One month ago -- in late June -- a McCain ad superimposed Obama's visage on a one hundred dollar bill as part of an effort to mock his supposed 'presumptuousness.'
