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“If you are reading this, then you are the movement”

06.28.2009

“Words from the Several States” The Movement, part 006

Lets peek at the principles who designed the economy and global banking mess we all are paying for.

Quick note: Citigroup is going to be giving huge raises, as they are receiving TARP money..Currently taxpayers are on the hook for over $350 Billion of Citigroup assets, either through direct cash influx, or guarantee of their debt.

Paul Volcker and Dr. Alan Greenspan

The global banking disaster we are in was not by accident or bad luck. Some very smart people helped design (sic) this new system. And it is precisely that, a new economic system thrust upon us.

It starts where it always starts, with bankers and politicians, stroking each others wallets.

Where we are:

• The global economy has a current GWP (gross world product) of $60.7 Trillion.

• The U.S. Is about 24% of that, $14.7 Trillion GNP.

• The planet itself, if real value were assigned to land and “assets”, is worth about $2,800 Trillion. This figure matters because the Earth is an asset, a commodity and it does have real intrinsic value.

• If you add up all the man-made leveraged debt, including financial derivatives; all debt in the world is $1,400 Trillion.

Lets break it down further. Bankers, governments, corporations, you and I have created over $1,400 Trillion in debt, but world output is about 1/24 of that.

The overwhelming percentage of that global debt was created in the last 25 years. Through ever increasing use of derivatives and other very complex financial vehicles.

In short, the entire human race and all her governments are not only bankrupt, but leveraged 24 times the amount of global output; and further leveraged to half the value of the planet itself.

There is no way to ever pay off all those Trillions in debt.

I mean you literally cannot sell half the planet off, unless you had some kind of global government structure to enforce it. The entire human race would have to accept “shares” in the planet itself, as collateral for their government's debt. It is mind-boggling to even write such words. The economics surrounding this kind of math border on insanity. How did we ever take our eyes off the ball, and let politicians run amuck.

In all honesty, this is a perfect time for governments around the world, to slowly start building a case for a global currency, managed by the IMF, UN, etc. This is not conspiracy “Black Helicopter” stuff, this is ripped from the headlines. Recently China, Brazil, Russia and India held a summit on this very topic. All four want their currencies used as global reserves. The main-stream media dismissed it as nothing more than a symbolic meeting. Well FRN Newsletter remains way ahead of the mush-media on such topics, and I see them shoving a global currency down our throats within ten years. That is right around the corner folks. Instead of the Treasury issuing silver certificates to help stop the debt-madness, they are going to wait for hyper-inflation to hit us in the next three years, and use that as the next excuse to take even more rights away.

Pretty gloomy huh?

Sorry, but when I started this movement, I told myself to never pull a punch and start pointing fingers at the architects.

At the center of all this debt, will always be the one and only Paul A. Volcker.

Mr. Volcker has been involved in global financial decisions, in many capacities since his career started at the federal reserve in the mid 50's.

Volcker was assistant treasury secretary for international affairs under Nixon. Volcker was the man who flew around the world and put together the fluctuating exchange rates when Nixon took us off the gold standard. He was president of the New York federal reserve bank and then appointed FED chairman in 1979. He has also been the U.S. Commissioner of the Trilateral commission, advised the U.N. And is now the principle banking recovery advisor to President Obama.

Paul Adolph Volcker is thew ultimate insider. He once said in the late 80's that the standard of living would have to come down in America, so that the rest of the world could come up. He has made a life time career out of making sure his prediction is realized.

Volcker also happens to be the world's greatest living economic theorist, in my opinion. When it comes to money, banking and economics he simply is smarter than everyone else in the room/

Dr. Alan Greenspan.

Greenspan served on the council of economic advisors, chairman of the FED for 20 years and the man who created the derivatives market.

Then after the housing bubble, Greenspan turns around and says we need more government regulation.

Amazing.

This guy personally oversaw the transfer of Trillions of dollars of wealth to even a smaller select group of banks, people and governments, and then calls for more regulation, after his creation wipes out the wealth of hundreds of millions of regular folk around the world.

I remember sitting there in horror, as Greenspan testified before Congress, that he did not see the housing bubble on the horizon.

NO SALE HERE ! !

Dr. Greenspan was FED chairman for 20 years, he created that bubble, and knew there would be a wealth transfer through his derivatives market and that a government bailout would put taxpayer dollars into bank coffers.

There is most certainly a crime here. The federal reserve has created illegal U.S. Tender during its 96 year history, and has created a mystifying quantity during this current recession.

Technically speaking, you could have a U.S. Attorney issue a warrant to arrest all officials at the FED, on charges of counterfeiting. Then you could have a detail of secret service agents go arrest them. Though I also think, technically, you would need U.S. Marshals to accompany them.

This will never happen, and in my opinion is a waste of resources.

Yes FED officials break the Constitutional law everyday, but they are to powerful and the Treasury dept. will never sign off on agents doing the deed.

As with electing better leaders, this one is up to us.

Signatures folks, and lots of them. We need a national referendum and it must start yesterday.

Please forward this movement writing to everyone, and lets get the “one evening a month” plan up and going.

If you are reading this, then you are the movement.