Does this explain the current financial problems?

[R33_GTS-t]

A very interesting story:

The Creature from Jekyll Island - A Second Look at the Federal Reserve by G Edward Griffin

[Darbo]

Hmmmm

explains alot
i want me 1 of them federal reserve cheque books

[R33_GTS-t]

Reminds me of Blankety-Blank with Les Dawson.

"But you're not going away empty-handed. You're going away with a set of our very own Blankety Blank cheque book and pens."

It's also great to know that the banks only had 10% of what they loaned out to you on your mortgage. So really you can multiply each mortgage interest rate by 10, or in fact infinity because they keep that 10%.

[Darbo]

its crazy
that guy knows his stuff
good to know that we english invented this system :/
lol
by that there must be a way to make loads
from playing it
loads of nothing that is

[R33_GTS-t]

After watching this, I'd like to be paid in gold from now on, and I'd like to buy and sell everything against the baseline of gold. No more bullshit currency.

[R33_GTS-t]

so lets recap

big oil guys got fully paid at145 a barrel oil
the american people were shock and awed into now letting them drill anywhere.

bank of america,owned by the rothshilds now own country wide and merril.

fanny and freddy are now the us taxpayers problem.

lehmans perfoming assets are now owned by the european arm of the banking cartel common shareholders are wiped.

soverign wealth (middle east cartel) owns city bank

all the forcloseures have been captured by the banks at the borrowers expence to be sold at a later date and fresh mtgs issued by the same bankers who wrote the first notes from money created from nothing. this by the way is the feds
primary purpose and how it controls all of america through debt creation.

the vast sums of new capitol created from thin air to cure all the "problems"
will devalue all current capitol like yours/ and our savings by way of inflation
(gold at these levels still might be ahead of the curve)

the evil short sellers have been restricted to protect the game owners, like they need it.lol

and expect a nice rally over the next little while, while the shorts are taken out and shot because they have already played their part.

and the game goes on

oh yes and aig, will be parted out with the 3/4ths profitable parts going to the owners of the game, those who
own create and control the money with again the us taxpayers paying for the non performing assets.

check and mate once again, we have been fooled again.

---

[Scott]

It make quite depressing reading doesn't it??

I am clad I am a cash type of person, but that probably ain't a good idea either no doubt.

[R33_GTS-t]

Originally Posted by Scott

It make quite depressing reading doesn't it??

I am clad I am a cash type of person, but that probably ain't a good idea either no doubt.

Well you know all that money that the Federal Reserve and central banks are pumping into the system? 'Reserve' is a misnomer. The money they pump into the system is created out of thin air. Now suppose I gave away 10,000 R34 GTRs for free, how would that affect the value of your GTRs?

'Bailout' is the greatest stealth tax ever invented.

[Miguel - Newera]

R33_GTSt - that was a great find.

The notion that there exists this bottomless "federal reserve" that can be dipped into any time it's needed when the US already has a deficit way beyond an amount of money any of us can imagine - is making a fool of each & every one of us, especially of late.

Ron Paul also reveals a lot of startling truths.
Political positions of Ron Paul - Wikipedia, the free encyclopedia
http://www.ronpaul.com/
http://www.lewrockwell.com/paul/

[turboslippers]

R33_GST-t- that's a good listen. Got any other options though? I don't mean that as sarcasm....but China's not exactly bucking the trend and coming up with a better solution.

[Miguel - Newera]

Turboslippers, bear in mind that the original US constitution's been eroded over the course of 70 years (Federal Reserve came into being in 1913 but only really began to take it's effects after 1932). The solution can only be to get rid of the current international financial "systems" and go back to Gold Indexed systems. This may take a long time. The first step is to make US people aware, of course...

Ron Paul discusses this & much more in detail. He was a presidential candidate in the States until only a few weeks ago when he stepped down - but did so to progress the path he's continuing on....(Read the links).

You might want to to ask yourself why his ideas haven't been televised and in newspapers, etc. Perhaps the press isn't as free and unbiassed as some people think...

Neither of the current left & right wing parties in the States have any interest in changing the status quo. US Miliraty Middle Eastern Policy would stay the same, inflation would continue, etc.

Ron Paul does suggest how a solution could come about - but it will take time.
The change has to start with the American people realising they're not bound to only choosing the lesser of two evils and choosing a choice that will empower them. The current two touted choices are (In Ron Paul's words) a charade.

See this video: YouTube - Ron Paul Press Conference 9/10/08 Part 1

This is what needs to be agreed for change for the better to begin:

Paul, Baldwin, McKinney, Nader: We Agree | Ron Paul .com

http://jp.youtube.com/watch?v=0yKL1NvDGt0

[Miguel - Newera]

If you check through the Lew Rockwell site, you'll see Ron Paul did predict Fannie & Mae, etc. Here's an interview on the subject: YouTube - Ron Paul on Glenn Beck(9/10/08)

[R33_GTS-t]

Originally Posted by Miguel - Newera

R33_GTSt - that was a great find.

The notion that there exists this bottomless "federal reserve" that can be dipped into any time it's needed when the US already has a deficit way beyond an amount of money any of us can imagine - is making a fool of each & every one of us, especially of late.

Ron Paul also reveals a lot of startling truths.
Political positions of Ron Paul - Wikipedia, the free encyclopedia
Ron Paul .com
The Ron Paul File

Ron Paul is more intelligent than Bush, McCain, Obama and Hillary put together.

[R33_GTS-t]

Originally Posted by turboslippers

R33_GST-t- that's a good listen. Got any other options though? I don't mean that as sarcasm....but China's not exactly bucking the trend and coming up with a better solution.

The better solution is to go back to real money, e.g. gold, or something of material value that's largely immune to inflation and value manipulation. Something that can't be created out of thin air. Something that can't be lent or borrowed without ever having existed prior to that transaction.

The problem is that people are unwilling to do this because they protect the current corrupt system with their own pain. The transition probably won't happen over night and will cause people to essentially lose what savings they have in this bullshit currency. People try to evaluate their wealth and well-being against the current currency (which is impossible), instead of simply realising the truth, there is no currency. They're pieces of paper with someone's head on them. They have a material value approximately equivalent to a piece of toilet paper.

The truth is that somebody artificially inflated the price of everything with low interest rates, they then short-sold you a house and lent you a few hundred thousand leaves of toilet paper, that never existed before you borrowed them. They then upped the interest rate and would like to repossess your house (which has real material value) and sell it for half its original value (as measured in leaves of toilet paper) and have you exchange years of real labour in order to pay them back the remaining debt in toilet paper. Why is there so much toilet paper? Because this is a load of shit. This is the same way that 3rd world countries are enslaved.

The economic cycle explained.
Lower interest rates > Inflation > Tax people to the brink of poverty > More borrowing > Raise interest rates > Debt > Enslavery

1. Tell the banks you don't owe them anything.

2. Demand that currency be exchanged for gold at £15,000/kg.

[R33_GTS-t]

I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated Governments in the civilized world no longer a Government by free opinion, no longer a Government by conviction and the vote of the majority, but a Government by the opinion and duress of a small group of dominant men.

-Woodrow Wilson

Ron Paul on Glenn Beck 18/09/2008