Where are you getting your material from? Is there a link?
On Mar 26, 9:36 pm, bruce majors <[email protected]> wrote: > Subject: Re: [Kirsten Andersen Fan Club] oBAMA wANTS bANKS to fAIL > disaster statism > > each failure justifies more government power > > see > > Ludwig von Mises,"Interventionism" > > On Thu, Mar 26, 2009 at 9:30 PM, raven14002003 > <[email protected]>wrote: > I saw Morris. he has a point. Why else would Obama pursue this avenue? it > won't work. it can't work. > > > > On Thu, Mar 26, 2009 at 9:31 PM, Sardar <[email protected]> wrote: > > A NEW GLOBAL CURRENCY > > > By Paul Proctor > > March 26, 2009 > > NewsWithViews.com > > > It was reported recently that two of the world's superpowers, Russia > > and China, have called for a new global currency. I believe they're doing > > this because they know that the U.S. is printing huge amounts of dollars > > right now to pay on its own massive debts - debts that other countries, > > like > > China, have been financing for years by purchasing U.S. Treasury Bonds. > > They > > understand something that most Americans do not - that the more paper money > > > you print, the less it's worth - and right now, we're printing it as fast > > as > > we can. > > > We owe China alone over a trillion dollars. And, that's just one of > > many countries that we owe money to - countries that have also been buying > > our bonds. > > > You see, when you buy a bond, you're loaning money and charging > > interest to the issuer of that bond to be paid upon maturity. If you buy a > > U. S. Treasury bond, you're loaning the U.S. government money for them to > > spend as they see fit. > > > When you think of bonds, think of bondage. > > > Well, for years now, other countries have been buying our bonds so we > > could in turn buy all of their made-overseas stuff. They were essentially > > loaning their biggest customer the money we needed to buy from them. > > > That put us in financial bondage to them. > > > But, now that we're not buying nearly as much from anyone anymore, > > resulting in millions of workers being laid off overseas as foreign > > factories close down, those countries are not buying as many of our > > Treasury > > bonds anymore either. In other words, they're not loaning us near as much > > money as they once did. > > > So now, to get America's bills paid, The Federal Reserve is purchasing > > those U.S. Treasury bonds other countries used to buy - and to do that, a > > lot more dollars have to be printed to buy them - and I mean a lot more, > > because, as most everyone knows by now, our debts are quite extraordinary > > and growing fast. > > > Well, who controls the printing of money? > > > You guessed it - the same folks who are loaning it to us by purchasing > > our bonds - a very secret and very private institution called The Federal > > Reserve. I'll bet you thought they belonged to Uncle Sam, didn't you? Nope, > > > Uncle Sam belongs to them because, as the bible teaches, "the borrower is > > servant to the lender" and the lender here is The Federal Reserve. > > > For those who have a hard time understanding how all this affects the > > average person, let me put it as simply as I know how: It means that the > > price of everything you and I buy is going to start going up and up as The > > Federal Reserve has more and more money printed over the coming months and > > years until even the basic necessities of life here become unaffordable - > > or > > until the U.S. government steps in and starts initiating price controls, > > which frankly, is just more socialism. > > > When prices go up, it's called "inflation." And, if prices go up > > really high and really fast, it's called "hyperinflation." I prefer to call > > > it what it really is: the deflation of the dollar. In other words, the > > goods > > and services we purchase day-to-day are not really increasing in value as > > much as the dollars we use to buy them with are decreasing in value. > > > Advertisement > > > They're decreasing in value because The Federal Reserve has entirely > > too many of them printed up to loan out. Again, the more there is of > > something, including money, the less it's worth. > > > This sleight-of-hand system, used by The Federal Reserve for decades, > > makes consumers blame producers, manufacturers, distributors and retailers > > for rising prices, when they should be blaming those who print all of that > > paper money for Congress to waste (I mean spend) - money that is not given > > to the U.S. government by the Federal Reserve, you understand, but is in > > fact loaned. > > > And guess who makes the payments on those loans from The Federal > > Reserve and pays all of the interest on those piles of paper money created > > out of nothing? > > > That's right - you and I do - in the form of new and higher taxes. > > > So, every time a new "stimulus" package is announced, recognize it for > > what it really is: another huge loan to the American taxpayer to benefit > > somebody else with payments and interest you and I and our children and > > grandchildren after us (as taxpayers) will be responsible for paying back > > to > > that little private bank called The Federal Reserve. > > > Would you say the name is a little deceiving? > > > Over time, the American taxpayer gradually goes broke, even with money > > in the bank, and becomes the slave of a financial system built upon debt > > that he or she has absolutely no control over and can never repay. > > > You see, the loan can never be repaid in full because only the > > principal is created and loaned out by The Fed. You and I, the taxpayer, > > have to somehow come up with the interest. The Fed doesn't print interest - > > > only the principal - which means the taxpayer has to keep borrowing > > principal to repay interest that was never created to begin with. > > > Breathtaking, is it? > > > Now, Russia and China are calling for a new global currency because > > they know what's coming: The dollar's collapse into absolute worthlessness. > > > Good grief, it's barely worth 4 cents now compared to what it was when The > > Federal Reserve Act was passed back in 1913. So, frankly, it doesn't have > > that far to fall; but fall it will, because The Federal Reserve is now > > mass-producing dollars to loan the U.S. government to pay its bills - which > > > will all have to be paid back with interest (that was never created) to the > > > very same people who made the money out of nothing but ink and paper and > > then loaned it to us. > > > Brilliant, huh? > > > Now, it's becoming painfully clear to other countries, who have been > > footing our bills via U.S. Treasury bonds, that some other currency needs > > to > > be created ASAP to replace the dollar they've been forced to use (as the > > world's reserve currency) before it collapses completely and leaves > > everyone > > around the world scrambling. > > > How this will actually play out over the next few years is anyone's > > guess. Some believe regional currencies will emerge, like the controversial > > > "Amero" which would purportedly serve the needs of Mexico, Canada and the > > U.S. in preparation for a world currency later, while others suggest the > > accelerating global financial crisis will compel the issuance of a world > > currency straightaway. > > > In the meantime, here are some questions for you to consider as all > > this unfolds in the coming days: > > > 1. What's going to happen to the dollars you have in the bank? > > > 2. Will those dollars be exchangeable for the new currency, whatever > > it is? > > > 3. If they are exchangeable, will they be worth what the new > > currency is worth or a lot less? > > > This is the fiscal future we face, my friends - a future of financial > > uncertainty. > > > In spite of these disturbing events, let's remember that ultimately, > > our fate is not in the hands of corrupt politicians and greedy bankers who > > are only men themselves, but rather in the hands of the Lord Jesus Christ > > who Himself was betrayed for 30 pieces of silver and hung on a cross 2000 > > years ago to pay an enormous debt that you and I could not, so that we > > might > > enjoy the eternal treasures of a kingdom not of this world. > > > But, even if we lose it all here, by trusting Him as both Lord and > > Savior, we stand to gain so much more hereafter. > > > "Lay not up for yourselves treasures upon earth, where moth and rust > > doth corrupt, and where thieves break through and steal: But lay up for > > yourselves treasures in heaven, where neither moth nor rust doth corrupt, > > and where thieves do not break through nor steal" - Matthew 6:19-20. > > > Related articles: > > > 1. China calls for new reserve currency > > 2. At G20, Kremlin to pitch new currency > > 3. Geithner to open China proposal > > 4. China's U.S. Debt Quandary > > 5. Fed begins move that could sink dollar > > > © 2009 Paul Proctor - All Rights Reserve > > > E-mail This Page > > Sign Up For Free E-Mail Alerts > > E-Mails are used strictly for NWVs alerts, not for sale > > > ---------------------------------------------------------- > > > Paul Proctor, a rural resident of the Volunteer state and seasoned > > veteran of the country music industry, retired from showbiz in the late > > 1990's to dedicate himself to addressing important social issues from a > > distinctly biblical perspective. As a freelance writer and regular > > columnist > > for NewsWithViews.com, he extols the wisdom and truths of scripture through > > > commentary and insight on cultural trends and current events. His articles > > appear regularly on a variety of news and opinion sites across the internet > > > and in print. > > > E-Mail: [email protected] <watchman%40usa.com> > > > ---------------------------------------------------------- > > > Home > > > We owe China alone over a trillion dollars. And, that's just one of > > many countries that we owe money to - countries that have also been buying > > our bonds. > > >http://newswithviews.com/PaulProctor/proctor177.htm > > > [Non-text portions of this message have been removed] > > > __._,_.___ > > Messages in this topic > > <http://groups.yahoo.com/group/govtwatch4/message/51715;_ylc=X3oDMTM3a...>( > > 1) Reply (via web post) > > <http://groups.yahoo.com/group/govtwatch4/post;_ylc=X3oDMTJyNmlmdGs0BF...>| > > Start > > a new topic > > <http://groups.yahoo.com/group/govtwatch4/post;_ylc=X3oDMTJmcnUyYnNjBF...> > > Messages<http://groups.yahoo.com/group/govtwatch4/messages;_ylc=X3oDMTJmODhoZj...> > > MARKETPLACE > > ------------------------------ > > From kitchen basics to easy recipes - join the Group from Kraft Foods > > <http://us.ard.yahoo.com/SIG=14kf5djjv/M=493064.12016295.13271503.1083...> > > ------------------------------ > > Are you Einstein smart? 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