-Caveat Lector-
.... far and wide!
Since the following has never been reported by the corrupt establishment
media thugs, I thought for sure I'd see a Post by a Subscriber who has
read, The Creature from Jekyll Island; if it was, then I missed it and
this Post can be considered a re-post.
Am not going to comment on the following as it pretty well describes the
method(s) the elite thugs will take to protect their assets.
All I ask is that by spreading this Post far and wide, we will have
achieved the goal of informing a very ignorant public of the facts of
life, and in that process hopefully we will have jogged the common sense
of those who persist in their state of denial of reality; it seems that
is all we can do.
After reading this, you might ask yourself the question:
How much longer are we going to permit the thugs to rape us, and what is
it going to take to undo the many wrongs perpetrated upon us?
"PANAMA
The first major score in the game had been made under the Carter
Administration when Panama fell in arrears on the payment of its loans.
A consortium of banks including Chase Manhattan, First National of
Chicago, and Citibank brought pressure to bear on Washington to give the
Canal to the Panamanian government so it could use the revenue to pay
interest on its loans.
Although there was massive opposition to this move among the American
people, the Senate yielded to insider pressure and passed the give-away
treaty.
The Panamanian government inherited $120 million in annual revenue, and
the interest payments to the banks were restored.
As Congressman Philip Crane observed:
At the time of the Torrijos-backed coup in 1968, Panama's total
official overseas debt stood at a manageable and, by world standards,
modest $167 million.
Under Torrijos, indebtedness has skyrocketed nearly 'one thousand
percent' to a massive $1.5 billion.
Debt-service ratio now consumes an estimated 39 percent of the entire
Panamanian budget.
What it appears we really have here is not just aid to a tinhorn
dictator in the form of new subsidies and canal revenues the treaties
would give to the Torrijos regime, but a bailout of a number of banks
which should have known better than to invest in Panama and, in any
event, should not escape responsibility for having done so.(1)
The Panama bailout was a unique play.
In no other country did we have an income-producing property to give
away, so from that point forward the bailout would have to be done with
mere money.
To pave the way for that, Congress passed the Monetary Control Act of
1980, which authorized the Federal Reserve to " monetize foreign debt."
That is banker language meaning that the Fed was now authorized to
create money out of nothing for the purpose of lending to foreign
governments.
It classifies those loans as "assets" and then uses them as collateral
for the creation of even more money here in the United States.
That was truly a revolutionary expansion of the Fed's power to inflate.
Until then, it was permitted to make money only for the 'American'
government.
Now, it was able to do it for 'any' government.
Since then it has been functioning as a central bank for the entire
world.
------------------------------
(1) Philip M. Crane, 'Surrender in Panama (Ottawa, Illinois: Caroline
House Books, 1978), pp. 64, 68."
=============================
Source of the above: THE CREATURE FROM JEKYLL ISLAND, Second Edition,
July 1994.
----------------------------
This is just one detailed example of many of how the Fed has committed
fraud on the American public that is contained in the cited publication.
If you are interested in how you can acquire a copy of this book, which
is considered as the
The Most Important Book after The Holy Bible (Lord Hamilton)
http://www.jbs.org/aobs/
-------------------------
RELATED SITE:
House Joint Resolution 77:
http://www.jbs.org/canal/panama_hjr77.htm
http://www.marianland.com/jekyll.html
------------------------
My answer to the above posed question, is:
The absolute deadline for out wait is
the General Election in November, 2000,
and second, the demise of the Fed and our
return to the Gold Standard.
The continuation of the status quo will
only result in the further deprivation
of our Freedoms.
Regards,
Bard
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