http://www.hermes-press.com/econ2.htm

The High Cabal's Economic War Against the World

By

Norman D. Livergood

(This is a really good article which read, and understood, gives you some better insight into what the Bush Junta is really up to. If you don’t understand the basics of money and banking you are not going to understand the con-game and the various scams because it is all about money and the power money brings.)

The following are a few excerpts from the article. I did not post the entire article because visually it is better done on the original. Please use the above link to read the entire article.

"Government is the only agency that can take a valuable commodity like paper, slap some ink on it, and make it totally worthless."

-- Ludwig von Mises

“...As defined in a background article, money is any object used in the exchange of goods and services. However, we can distinguish between genuine money and money substitutes .

* Genuine money has several distinguishing characteristics:

* Real money is a durable, easily divisible commodity of a consistently high value in its own right.

* Real money is a commodity which enjoys universal acceptance. This means its value is accepted by all people everywhere. Such a commodity has withstood the test of time as money; its value has been recognized over time in a number of countries.

* To serve as real money, a commodity must be rare enough to be of great value yet available in adequate supply, or able to be produced in adequate amounts to serve as a medium of exchange or the basis of a medium of exchange.

* The only commodities which have consistently met these criteria in Western history are gold and silver. ...

...Wonder Why Dubya Has Increased the National Debt?

     Debt is the way the Bush junta, its corporate sponsors, and the Federal Reserve steal from American taxpayers. It's a neat con game that almost all Americans are unaware of:

* The federal government prints a fancy piece of paper and calls it a bond or Treasury note. Bonds or Treasury notes are merely promises to pay a specified sum at a specified interest on a specified date.

* This is government debt, which will be paid for with taxpayer money.

* Unlike the Federal Reserve, which can create money out of thin air, tax revenues from working Americans come from their salaries which they earn through labor.

* The Fed then prints a Federal Reserve check and exchanges that with the government in return for the bonds or notes that are left unsold from periodic government sales. After this transaction, the government bonds and notes become "securities assets" for the Fed, which can be used to offset liabilities.

* Since it is required to have only 10% "reserve"--10% in some kind of reserve fund to "back" its notes, then it can create 9 Fed notes for every dollar it has in "securities assets."

* These additional Fed notes can be loaned to other banks at interest.

* The government sends the Fed check to the Fed for deposit. Relative to that deposit the government can now spend Fed notes (currency) for its expenses. Under the Bush junta, almost all of those Fed notes are paid out to the corporations that put Dubya into power: the defense and energy companies.

* What is actually happening is that huge amounts of currency created out of thin air (Fed notes without any backing whatsoever) now come into the American monetary system. This is inflation: increase in money substitutes. ...



"The money power preys upon the nation in times of peace and conspires against it in times of adversity. It is more despotic than monarchy, more insolent than autocracy, more selfish than bureaucracy. I see in the near future a crisis approaching that unnerves me and causes me to tremble for the safety of my country. Corporations have been enthroned, an era of corruption in high places will follow, and the money power of the country will endeavor to prolong its REIGN by working upon the prejudices of the people until the wealth is aggregated in a few hands and the Republic is destroyed."

President Abraham Lincoln after the

National Banking Act of 1863 was passed

...How We Can Defeat Bush

     Worldwide, people must realize that America is not the problem--Bush and his controllers are! All of us need to distinguish clearly between Bush and the American people. The struggle against Bush must not degenerate into debilitating anti-American sentiments and activities. The American people do not deserve a power-mad leader like Bush and they are not to blame for the havoc he is causing throughout the globe. Americans did not elect Bush; he was foisted on the American people by the criminal machinations of his brother in Florida and the Bush-influenced Supreme Court.”

...is basic. If you don't understand the basics of Economics you are in a position to be swindled and controlled.

...is so out of touch with reality that I am awestruck at the wall of invincible ignorance you evidence.

Given the invincibility of your ignorance I am not even going to attempt the futile act of straightening out your absurd assertion. It would be wasted effort as you have proven time and again that you operate from an agenda other than that of forwarding truth.

...that just all depends on your definition of "truth", doesn't it?

Dio, your definition is, "Any circumstance predicated on involved, convoluted shadow conspiracies and designed solely to make George W. Bush look evil."

Think I'll pass on your "truth".

Doesn't he?

Still got lots of free time on my dime, I see....

You're not in denial, after all. Right airman?

You spend your days on IMC parroting the disputations of the left wing shills that plague this forum, and then you squawk about BA needing backup and daveman defrauding YOU?

I tell you what. Post your 1040's on here so we can all see that, yes in fact, you do indeed pay taxes.

Until that time, shut the hell up about it.

Toady.

struck a nerve?

but not coins as they are an overpriced scam.

Much better to but gold shares or bars.

Prices are being held low at the time but it wont last.

Go here to see the real story:

http://la.indymedia.org/news/2003/06/62015_comment.php#63571

...Gold markets has been an ongoing necessity for the Banksters. The Bank of England has made several large dumps onto the market over the last few years in order to keep the price down.

The reason is that if Gold was allowed to run up it destroys the illusion that their fiat currency is more than wasted ink and paper.

that by buying gold options, you're actually going to get ANY of it in the wake of your prophesied forlorn collapsing world econmies?

You pitiable fools will be thrown in the stockades and your possesions confiscated by the New World Order.

But not quietly. There better be armor and air support.

Or they'll simply cut out your tongues.

And you'll have brought it all upon yourselves!

I think that's what Saddam Hussein said.

But it wont be a quiet game. This isn't Chile.

I've said it before, and I'll say it again.

Should it EVER come to that, I'll be right there in the melee.

And I won't be on their side.

In the meantime, my fight is here, keeping it from coming to blows by battling those that refuse to leave well enough alone.

Namely: Fifth Columnists.

"Git em' skeered and keep em skeered."

Reduced to quoting the founders of the KKK?

Not surprising really, since your main voice in Congress, Robert Byrd, was once a Klansman.

Yep. I want you scared. Scared to inaction.

I'm saving your lives. You should thank me.

Yes, Forrest founded the KKK and he also resigned from it in disgust when it turned ugly and racist.

The original intent behind the Klan was to restore order and punish collaborators with the Northern Aggressors.

Forrest did not countenance the lynchings of Blacks and demonstrated that belief by quitting the Klan - embarassed and saddened that he had been the founder.

If you are going to make a historical comment then have the honesty to make it complete.

Or is honesty not in your agenda?

Both pursue idealogies that, no matter how righteous, will eventually turn against your followers.

Forrest's was white supremecy. Yours is socialism.

Oh, and what was Byrd's excuse for "resigning"?