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=X3oDMTM3aGdyaHA3BF9TAzk3MzU5NzE0BGdycElkAzEzNDU2MzkxBGdycHNwSWQDMTcwNTA2Mzk4NQRtc2dJZAM1MTcxNQRzZWMDZnRyBHNsawN2dHBjBHN0aW1lAzEyMzgxMTc2OTMEdHBjSWQDNTE3MTU->( > 1) Reply (via web post) > <http://groups.yahoo.com/group/govtwatch4/post;_ylc=X3oDMTJyNmlmdGs0BF9TAzk3MzU5NzE0BGdycElkAzEzNDU2MzkxBGdycHNwSWQDMTcwNTA2Mzk4NQRtc2dJZAM1MTcxNQRzZWMDZnRyBHNsawNycGx5BHN0aW1lAzEyMzgxMTc2OTM-?act=reply&messageNum=51715>| > Start > a new topic > <http://groups.yahoo.com/group/govtwatch4/post;_ylc=X3oDMTJmcnUyYnNjBF9TAzk3MzU5NzE0BGdycElkAzEzNDU2MzkxBGdycHNwSWQDMTcwNTA2Mzk4NQRzZWMDZnRyBHNsawNudHBjBHN0aW1lAzEyMzgxMTc2OTM-> > > Messages<http://groups.yahoo.com/group/govtwatch4/messages;_ylc=X3oDMTJmODhoZjhhBF9TAzk3MzU5NzE0BGdycElkAzEzNDU2MzkxBGdycHNwSWQDMTcwNTA2Mzk4NQRzZWMDZnRyBHNsawNtc2dzBHN0aW1lAzEyMzgxMTc2OTM-> > MARKETPLACE > ------------------------------ > From kitchen basics to easy recipes - join the Group from Kraft Foods > <http://us.ard.yahoo.com/SIG=14kf5djjv/M=493064.12016295.13271503.10835568/D=groups/S=1705063985:MKP1/Y=YAHOO/EXP=1238124893/L=/B=F9U6U0PDhCo-/J=1238117693406972/K=9vxMVhL0LYhY71jeicKbjQ/A=5530388/R=0/SIG=11nuutlas/*http://explore.yahoo.com/groups/kraftmealsmadesimple/> > ------------------------------ > Are you Einstein smart? 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