Fairfield County Weekly (2/19/2009) Link
What is life going to be like when we stop using dollars? Will we revert to bartering? Will we adopt euros or yen? Will we hoard gold? Or will we just roll wheelbarrows full of American currency to exchange for something more valuable — like toilet paper?
The trillions of our dollars that the government is spending on bailouts (or "stimulus" plans) will eventually result in the collapse of what had once been one of the strongest currencies of all time. Thanks to them, we are now in a state of permanent debt. They've sold us out, and not even to the highest bidder. They've sold us out to any bidder.
Whoever holds government debt owns a piece of your current wealth and your future income. They will tax us for all of eternity to pay interest to foreign countries. In time, the dollar will be worthless, and then what will they demand from us to pay the debt they put on our heads?
Connecticut has been under an imposing central government and a bad currency system before. Three centuries ago, the price of a commodity depended on how you were going to pay for it. Madam Knight, a traveler, wrote in 1704 that merchants exchanged goods for four types of payment: "pay," "money," "pay as money," and "trusting."
"Pay," she wrote, "is grain, pork, beef, etc., at the prices set by the General Court that year." Yes, we had price controls, because people didn't have enough good currency to pay their taxes, and the state established exchange rates to take payment through animals and vegetables. And, of course, the fixed prices were too high, just as the fixed price of sugar is currently too high, forcing us all to consume high-fructose corn syrup.
Which led to "pay as money," a system whereby the the sale would not be used to pay a merchant's taxes, so the cost was "one-third cheaper than as the Assembly in General Court sets it," Madam Knight wrote.
Nothing beats good hard "money," of course, for which they used Spanish dollars because British currency was banned by act of Parliament.
And, lastly, "trusting" was a loan from the merchant to the buyer, as they would agree amongst themselves.
"When the buyer comes to ask for a commodity," writes Madam Knight, "sometimes before the merchant answers that he has it, he says, 'Is your pay ready?' Perhaps the chap replies yes. 'What do you pay in?' says the merchant."
Once the buyer answers, the price is set. For example, how much for a six-penny knife? "In pay, it is twelve pence; in pay as money, eight pence, and in hard money, its own price [value] six pence."
Perhaps it is time to get ready for a repeat. Trillions of dollars don't get spent by governments without systemic damage to the people.
We don't farm anymore, so what will they do to us now? Will they start collecting taxes through land? Will they just confiscate our property when we don't measure up, or even if we do, but they can sell our land to someone else for a profit?
When she completed her journey through Connecticut, Madam Knight founded a school in Massachusetts before finally moving to retire and die in New London (the now-infamous town of eminent domain). One of its students was Benjamin Franklin. His speech on the last day of the Constitutional Convention in 1787 foresaw everything.
"I agree to this Constitution with all its faults, if they are such," he said, "because I think a general government necessary for us, and there is no form of government but what may be a blessing to the people if well administered, and believe farther that this is likely to be well administered for a course of years, and can only end in despotism, as other forms have done before it, when the people shall become so corrupted as to need despotic government, being incapable of any other."
Our course of years is over. Soon a Benjamin Franklin will be worth little more than a George Washington. And they will come for your assets, because your money is no good here anymore.
Somebody has to pay these trillions of dollars. Did you think it was going to be them?
40 Comments from the Fairfield County Weekly
Emerging nations will face increasing difficulties in renewing maturing debt or sourcing for new funds to finance their stimulus spending and balance of payments deficits, Chamie wrote. Asian governments have unveiled more than $685 billion worth of stimulus measures to buffer their economies from the worst global recession since the 1930s.
Twenty-four of the world’s 26 most-active emerging-market currencies fell against the dollar this year. The Polish zloty and Hungarian forint were the biggest losers, falling more than 20 percent. The South Korean won fell 16 percent and reached its lowest in three months this week.
Korean banks have $24.5 billion of foreign debt maturing in 2009, of which $10.4 billion will fall due this month and next, Bank of Korea said yesterday. The one-year cross-currency swap rate, a gauge of the availability of dollars, slumped to a record minus 2 percent yesterday.
Dude we are in a global debt deflationary spiral, the more debt they add the worse this gets sucking down all assert prices, Debt has to be paid back with interest, defaulted or restructured. Being the US government will not allow the defaults to occur and instead is shifting them to the taxpayer. The dollar will keep getting stronger along with gold due to OTHER countries residence fleeing their collapsing currencies.
"Thanks to them, we are now in a state of permanent debt. They've sold us out, and not even to the highest bidder. They've sold us out to any bidder. "
I'm going to have to disagree with this. We are the ones who keep rewarding these guys who have given us this state of permanent debt. We've sold OURSELVES out.
It's easy to scapegoat others, but if you want to point fingers, look in the mirror. Not only have we not penalized these guys for operating the federal pocketbook in ways that you and I as private citizens would NEVER be allowed to, we're REWARDED them by re-electing them time and time again.
We get the government we deserve.
As for the present debt, repudiate it. All those investors who bought bonds based on the faith and credit of the US will have to find out that they misjudged how great that faith was. The same with Social Security, Medicare, governmental pensions, etc. Sorry, but the fact is WE DO NOT HAVE THE MONEY or the productive capacity.
Dissolve the Fed. Dissolve the government. Kick out the politicians. Form a new government(s). Repudiate the debt. If we are lucky --- very lucky -- it will be as pleasant as the dissolution of the USSR. More likely there will be much blood in the streets.
Put simply, there is NO WAY to solve a screwup of this magnitude without massive pain. Get used to the idea. Make your plans now.
REVOLUTION IS THE ONLY ANSWER, AND NOT AT THE BALLOT BOX!!! GRAB YOUR GUNS AND HEAD TO THE SOUND OF THE REVOLUTION!!! DEATH TO THE ANTI-CONSTITUIONALISTS!!!
It's really sad to witness the ending of our government in this way. But maybe it's just that time. Maybe it has to happen and nothing could have prevented it considering the Human element that's involved.
If the dissconnected Government that we have, can be fixed, I think that it would be worth the effort to try. Because like one of you said, to start over is going to be bloody, and so it should be as a last resort.
Up here in N/E Arizone, it still pretty peacfull but I don't expect it to remain that way for long.
I believe if this were to begin to happen, they will be repaid in commodities, lead in particular. 62 grains at a time.
They violate the 1st Amendment by opening mail, caging demonstrators and banning books like "America Deceived" from Amazon, Wikipedia and Facebook.
They violate the 2nd Amendment by confiscating guns during Katrina.
They violate the 4th Amendment by conducting warrant-less wiretaps.
They violate the 5th and 6th Amendment by suspending habeas corpus.
They violate the 8th Amendment by torturing at Gitmo.
They violate the entire Constitution by starting illegal wars without declaration.
Impeach them all (both parties) and save this great country.
Last link (unless Google Books caves to the gov't and drops the title):
http://www.iuniverse.com/Bookstore/BookDetail.aspx?BookId=SKU-000083883
Being a real live combat veteran, I remember quite clearly seeing a Cobra Gunship, 'working an area' one footbal field wide, and three footbal fields long.
Not a square inch was left unscathed. Everyone and thing in that area was turned into blood soaked shredded wheat.
That said, holding gold in a secret and secure place is good. Stocking up on food and particularly water is even better. Having silver coin for barter even better.
Having a shotgun is the best, but only if you are absolutely certain that you will 'fire for effect', when whatever 'goon-squad' extant, comes a-knocking at your door, to loot you.
Many posters on forums such as this one forget or don't realize, that the job title of miltary or para-miliitary forces includes dying while doing their work. Even less realize that kiling without having to work themselves up to it, is also part of that job title. Killing efficiently and without emotion is their singular and primary function.
As to those who suggest that we get "our guns", may I suggest pitchforks? Pitchforks are awesome tools for all kinds of activities and are also symbolic.
There is a lot of anger noted in the comments and the anger is probably is justified! However, the people in positions of political power are probably not really evil - just incompetent and subjective self -promoters.
The "Big Picture"
3 part investigative report....these are NASA Deep-Space Photos & Hubble Space Telescope (HST) photos:
http://www.enterprisemission.com/_articles/05-14-2004_Interplanetary_Part_1/Interplanetary_1.htm
http://paoweb.com/updates.htm
http://www.enterprisemission.com/moon1.htm
If you think you are a slave now, wait until your grocery bill is in six figures. Don't bother looking for a Moses to lead you. You can find your own desert to wander in.
There are three kinds of people: 1) Evil - Barack Obama. 2) Stupid - most other Democrats, and a majority of Republicans. 3) WIshing They Could Colonize Mars - Libertarians.
Get a gun.
Get some gold.
Plant a garden.
Things change.
And get ready for the North American Union (that's why Obama was visiting Canada yesterday). Can you say "Amero"?
Jim has hit the nail on the head. American people have given a whole new meaning to complacent... should it have occurred to us that something was wrong when, for the past eight years, our Constitution and Bill of Rights have been systematically dismantled as a result of the 'Patriot Act'? Should we have been disturbed when our own President announced that our Constitution was a "God damned piece of paper"? Is it not the duty of every American soldier to defend the Constitution against all enemies, foreign and domestic?! Did we get angry when our government began its campaign of printing dollars that had warranted by actual work, knowing that it would devalue the dollars we currently hold? No... we demanded that our government do these things. We let it happen; encouraged them to do the only thing they know how to do. We didn't support Ron Paul, who said we needed to stop depending on the federal government and start doing things for ourselves... and get involved in our own local governments to more properly manage the situation. We chose to elect the guy who had the most to give away... the one who said he'd take care of everything. We deserve everything we get, or have to give up. Until we can all understand the word 'liberty' and realize how it needs to fit into our lives, we will continue to make these mistakes over and over again.
is what we face!
Two things each one of us need to do to get the word out to the sheeple that they are getting their throats cut on a daily basis.
1)each person shows 2 people the clips about the fed. reserve on youtube.com so they know what is really happening.
2) those 2 people that are now educated show 2 more people what they have learned.
After that maybe people will understand the fraud that has been put on us for the last 80 years.
Ive done my part to spread the wisdom of our founding fathers....have you????
FallOut" target="_blank">http://www.gamesportal.com.au/fallout_3_playstation_3_471.html">FallOut 3 at least they'll know whats coming.
It's a big, giant, mega suprise that outsourcing all of our manufacturing to places like China, Mexico, Vietnam, etc. didn't benefit everyone like we thought it would. They told me in school that dumping half of Mexico on my head would be a big help? They are just doing the jobs that those "lazy" Americans don't want to do. I though that celebrating all non-Americans ethnic diversity and culture was a good thing? You mean that dumping heaps of "free" money on illegal aliens while treating war veterens and the elderly like dirt is a bad thing??? (tilts head like confused cow right before it gets shot)???....????
I must admit that I kind of feel happy inside when I think about it. Most, not all, but the majority of Americans are about to get EXACTLY what they voted for. The majority of people here sat around drinking their beer or sucking on their crack pipe thinking that Mr. McCain or Obama was going to lead them down the road to Shanghai.
Since I have uncommon sense and know that everything we say and do is being monitored, I would like to be one of the very first to volunteer for the job of gassing all of these morons at my future home. I used to work at Pizza Hut so I also have experience operating a gas oven. I am more than willing to stand by my fellow Americans the same way that they have always stood by me. I realize that the 100+ year old technology of the would around us may be helpful to hold the looters back for a few days, but is a total joke compared to the things that they are about unleash upon us. See you at camp! ;-)
What most people do not know is that it was HJR 192 that gave "legal tender" status to the FRN's as prior to HJR 192, the FRN's could only be circulated exclusively between BANKS as commercial paper! See Federal Reserve Act.
After HJR 192 was passed June 5, 1933, the FRN's became "legal tender" status and were circulated to the general public without the banks having to fulfill their fiduciary duty of redeeming the paper FRN's with "Lawful money", gold coin. The Repeal of HJR 192 now requires the banks to have their reserve in gold and silver coin. They do not, hence all banks are essentially bankrupt! They can not redeem paper for "lawful money". Now with the repeal of HJR 192 the 7th Amendment guarantee of trial by jury in a common law court, (ie: Article III court) has been restored in full, as the common law requires "Lawful money" for common law courts to adjudicate. The commercial tribunals serving the corporate governments with the enforcement of commercial government contracts are essentially gone but the fraud continues as long as the people accept the frauds.
The paper FRN's that are now circulating have no value whatsoever, except that the uninformed sheeple "accept" them thinking that they are money approved by congress when in fact, cogress repealed that former approval when HJR 192 was repealed. Thus the current financial chaos is a result of the peoples ignorance. They all want something for nothing and capital can only be created by LABOR ! (Not printing presses) See Article 1, Section 8, Clause 5, constitution for the united States of America.
I look forward to the complete collapse of this fraud and the sooner the better.
Post new comment