LOL!! Exactly. He cross-posts his replies to other groups. He has been doing this for years and will continue to do it until action is taken. Idiotic, annoying pest.
CW ----- Original Message ----- From: "OMS-II" <[email protected]> To: "PoliticalForum" <[email protected]> Sent: Thursday, March 26, 2009 10:09 Subject: Re: Paul Proctor -- A New Global Currency He appears to be posting alot of posts from another board. Kind of hard to follow. It's like hearing a snippet of a conversation in the middle of it with no context or knowledge of either poster. On Mar 26, 9:45 pm, "Mrs. Rabbit" <[email protected]> wrote: > Where are you getting your material from? Is there a link? > > On Mar 26, 9:36 pm, bruce majors <[email protected]> wrote: > > > > > 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: > > ... > > read more »- Hide quoted text - > > - Show quoted text - --~--~---------~--~----~------------~-------~--~----~ Thanks for being part of "PoliticalForum" at Google Groups. For options & help see http://groups.google.com/group/PoliticalForum * Visit our other community at http://www.PoliticalForum.com/ * It's active and moderated. Register and vote in our polls. * Read the latest breaking news, and more. -~----------~----~----~----~------~----~------~--~---
