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What Does It Mean ? What does this all mean for the Ground Crew ?

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Old 09-23-2008, 10:47 PM   #1
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Default America reduced to third world status


By Joan Veon
September 22, 2008

World history is spotted with stories of political conquests: Attila the Hun, Genghis Khan, the Pharaohs, Alexander the Great, and Roman Caesars, each who seized physical control of a country, its economy and assets. History holds no story of a take over based solely on a country’s assets, until now. The modern day Attila’s, Genghis Khan’s, Pharaoh’s, and Caesar’s are the men who own and control the Central Banks of the world. America’s Central Bank is the Federal Reserve, which controls our monetary system, is not part of our governmental system, and, although its name would imply, it has no reserves.

The 13th month of America’s credit crisis may hold its own in history as a country whose economic power and bulk of wealth overnight become the assets of the Federal Reserve. This may well be the finest coup d’état.

For more than a week the news media has been a buzz, clamoring for the need to change our regulatory system. The passage, by Congress, of “The Treasury Blueprint for a Modernized Financial Regulatory System,” will hand over to the Federal Reserve the last vestiges of our financial sovereignty: savings and loans; state chartered banks; thrifts and credit unions; the entire mortgage and insurance systems, as well as oversight of the Payment and Settlement System of Wall Street. In addition, the Feds would gain oversee rights to all of America’s financial markets. (Read “The Treasury Blueprint for a Modernized Financial Regulatory Structure,”).

Most Americans can’t fathom what is really happening. How could something like this happen in America? How did people who lived through the 1929 Crash and Great Depression manage when everything they knew changed overnight? The answer is: they were not in debt the way Americans are today. Multi-generations lived together, all working to pay off the mortgage. Additionally, a great many families lived on farms where they could raise their own food. Today, we are dependent on large banks for our mortgage and debt and big grocery stores for our food rather than our own farm.

We know from various historians that when the stock market crashed in 1929, the Federal Reserve was at fault because they did not put liquidity into the system but took it out, thus exacerbating the Crash and causing the Great Depression. In response, on the day he was sworn in, newly elected President Franklin D. Roosevelt took control of all private ownership of gold when he closed the banks down. He also instituted a number of socialistic measures to put Americans to work with infrastructure projects. Today, the Federal Reserve is putting billions of newly printed dollars into the American and global financial system which will increase the interest on the debt that Americans owe to the Federal Reserve. We have no idea, at this time, what that will do to our purchasing power, but you can be sure that it will drop. In fact, the value of the dollar could drop so low that we will have to merge our currency with Canada, Mexico, and the other countries of this hemisphere, or even forego the proposed Amero for the Special Drawing Right-SDR, a basket of five currencies: the dollar, the Swiss Franc, the British pound sterling, the euro and the yen. The SDR is the currency used by the IMF/World Bank and adopted several years ago by the Bank for International Settlements when they changed from the gold franc to the SDR.

I am grateful to geopolitical expert Terry Hayfield, who introduced me to the writings of Harvard economist Joseph Schumpeter. Schumpeter came up with the idea of creative destruction as a way of saving capitalism, or should we say, transferring the value of capitalism from many to a few powerful insiders? Since capitalism is an ism, like Marxism, socialism, or fascism, you need to prop it up by destroying in order to “save.” Our economy has been propped up by debt: mortgages, credit cards, home equity loans, lines of credit, auto loans, tuition loans, medical loans, Treasury bills, notes and bonds, Fannie Mae and Freddie Mac, commercial loans, business loans, etc. We must also keep in mind that for every loan interest or a usury is being collected. We are a debtor nation.
Antaletriangle is offline  
Old 09-23-2008, 10:58 PM   #2
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Default Re: America reduced to third world status

Sorry Antaletriangle, but this is not the direction Project Avalon is going.

Please read Kerrys post here: http://projectavalon.net/forum/showthread.php?t=1021

Project Avalon needs to be about GROUND CREW MATTERS to do with building communities, safe places and making connections for the same.

Project Camelot is about finding the truth, anything to do with whistle blowers testimony, aliens, ufos, conspiracies etc.

Last edited by Colin; 09-23-2008 at 11:00 PM.
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