So, what is the national deb? When government spends more than it collects in taxes, it has to borrow the difference by selling interest bearing IOUs, such as US bonds. When a US bank buys a $100 dollar US bond, it gets to loan out ten times that amount. So, the bank not only gets back the $100 dollars plus interest from the Federal Government, it gets to loan out another $1000 dollars it doesn’t have and charge additional interest. Banks are allowed to create this extra money out of thin air. So, banks aren’t making just 6% interest, for example, they are really making over 1000% interest. That’s why bank buildings are the biggest in every town on the planet.

This system of lending way more than you have is called fractional reserve lending. Almost all our money is created by banks, lending it to people, to companies, or government.

As we’ll see, there is a better way for our government to get money. Simply issue it without debt for the benefit of all citizens equally. Abraham Lincoln did it. Ben Franklin did it, Jefferson wanted to do it. Honest Americans have fought against this bank controlled-debt money system throughout American history. But unless we change it soon most of our freedoms will soon be lost in a tidal wave of debt.

75 years ago an employee of the Atlanta Federal Reserve explained the importance of the debt money system and how it can strangle our economy:
“Someone has to borrow every dollar we have in circulation… If the Banks create ample money we are prosperous if not we starve when one gets the complete grasp of the picture the tragic absurdity of our hopeless position is incredible… It is the most important subject intelligent persons can investigate and reflect upon.” -1934, Robert H. Hemphill, credit Manager of the Federal Reserve Bank of Atlanta

Nobody’s talking about the debt problem as such. They’re talking about the fact that the the bankers aren’t making enough money to live in the way that they’re accustomed to.

After 600 years, the money changers were finally able to reassert their control over English money when they convinced the Parliament to create the Bank of England. This put the banking community back in control of manipulating the quantity of English money. Now England had to borrow its money supply from banks and pay interest on it, instead of the government simply issuing its own money without such debt. So in England we learned that simple sticks of wood broke the monopoly of gold money. This debt free money lasted for seven centuries and allowed a small island nation to rule the waves and freedom to root deeply in the new middle class, With the goldsmiths back in control, England was now financing its wars with this bank loaned money.
Just 75 years later, England’s war debts consumed 75% of its budget. Three quarters of British taxes were spent just on paying the interest on its war bonds. As a result England needed to squeeze more and more money from all her colonies to pay the interest on this new growing debt.

America was no exception.

Pre-revolutionary America was still relatively poor. There was a severe shortage of precious metal coins to trade for goods. So the early colonists were increasingly forced to experiment with printing their own homegrown paper money. This paper money was called Colonial Scrip. Colonial scrip was a dangerous concept for bankers. It broke the colonies free of the privately owned central banking system where a money had to be created by banks and then loaned to governments, as Franklin put it:
“In the Colonies we issue our own money. It is called Colonial Scrip. …we control its purchasing power, and we have no interest to pay to no one.” – Benjamin Franklin

In 1764 the British Parliament passed the Currency Act. Again it ordered all Americans to pay their taxes in gold or silver coin. For those who believe that a return to a gold backed money is the answer for America’s current monetary problems, look what happened to America after the Currency Act of 1764 was passed. As Franklin put it:

“In one year, the the conditions were so reversed that the prosperity ended, and a depression set in, to such an extent that the streets of the Colonies were filled with unemployed.” -Benjamin Franklin.

To Ben Franklin, this return to a gold money system was the basic cause of the American Revolution.

“The Colonies would have gladly borne the little tax on tea and other matters had it not been that England took away from the colonies their money, which created unemployment and dissatisfaction.” -Benjamin Franklin.

Americans were mad and did everything they could to get around Britain’s gold money system. In 1765 Parliament past the Stamp Act, requiring that every item sold had to have a stamp placed on it indicating that a tax had been paid on that item and paid in gold. This is what drove America to open revolt.

Do you understand what that means? Without gold you could literally buy or sell nothing. Why? Because the British had successfully forced the colonies to pay for everything using only a precious commodity, gold. This is the very definition of the word plutocracy, ruled by the rich.

By the outbreak of the revolution in 1775, the colonies started printing a new form of paper money to finance the war. I was called Continental Currency. Because unlike Colonial Scrip, it was the first issued by the new central government. Continentals worked great at first, but then the British started counterfeiting it massively sending it to America literally by the bail. By the end of of the war the currency was virtually worthless, as George Washington lamented: “A wagon load of money will scarcely purchase a wagon load of provisions.”

Earlier Colonial Scrip has worked, because just enough was issued to facilitate trade and counterfeiting was minimal. In other words the quantity was controlled by the government that issued it. Gold bugs today try to claim that because paper money didn’t work during the Revolutionary War, it shouldn’t be used today. But keep in mind it doesn’t matter what backs your money. All that matters is who controls its quantity. Will it be your elected officials? Or will it be some unelectable banker? Colonial paper money, before the revolution had worked so well, that the Bank of England had Parliament outlawed, and forced America to use only gold money. Gold which they controlled.

On our next stop on the yellow brick road, which represents the bankers gold money system, we find how the curse of the privately owned central bank first came to America.

In 1781 towards the end of the war, the Continental Congress met here in Philadelphia. They pondered what to do about their grave financial situation. The money was so worthless that the people papered their walls. Congress finally agreed to give a group of bankers a monopoly on creating US money by loaning it to the Government. It was the first privately owned central bank. The plan of course was modeled on the bank of England. The new bank would be called the Bank of North America. It would be the first of a string of controversial privately owned central banks which Congress would charter, and then in the face of public outrage, uncharter over the years.

Four years later in 1785, the value of the new currency had plummeted. Inflation was rampant. Prices had risen by 72%. So after a stiff battle, Congress killed this, the first privately owned central bank in America.

Two years later when it came time to write the Constitution in 1787, many of the delegates did not remember how well America’s government issued paper money had worked in Pennsylvania. They were still stung by the inflation of the Bank of North America and the hyper inflation during the revolution, primarily caused by British counterfeiting. Strangely the Constitution allows the Federal Government to borrow money, but is silent on the federal role on printing paper money, known in the language of the day as emitting Bills of Credit. This defect in the Constitution is at the root of all our economic problems today.

Two years after the Constitution was signed, debt free money was tried in Sweden in 1789, but with tragic results. To pursue a war with Russia, King Gustav III persuaded the Swedish Parliament to print debt free money called riksdalers. This was very costly to the bankers. Sweden had learned the secret to printing its own money without debt. In 1792, only three years into the experiment, King Gustav was assassinated by money lender Jacob Johan Anckarström. As is frequently the case in time of war, too many riksdalers were printed. The quantity was not controlled. A nation with sacrifice everything for survival during time of war. So inflation ruined the debt free money experiment in Sweden by 1834 just as it had a few years earlier during the American Revolution, again, because the quantity was not controlled.

“If two parties, instead of being a bank and an individual, were an individual and an individual, they could not inflate the circulating medium by a loan transaction, for the simple reason that the lender could not lend what he didn’t have, as banks can do….. Only commercial banks and trust companies can lend money that they manufacture by lending it.” – Professor Irving Fisher, economist in his book 100% Money (1935)

“The study of money, above all other fields in economics, is one in which complexity is used to disguise truth or to evade truth, not to reveal it.” – John Kenneth Galbraith economist, author

“The issue which has swept down the centuries and which will have to be fought sooner or later is the people versus the banks.” – Lord Acton (1834-1902) English historian

Maybe your first experience of putting money in the bank wasn’t quite as heartwarming as this. But odds are, years later, you still refer to the balance showing on your bank account as being your money in the bank. But it isn’t.

If we have a deposit box at the bank, the valuables we put in it are still ours. We’re just renting secure space to store them. In common usage, the word “deposit” means to set something down. But the use of the word deposit to refer to a bank account is misleading. A bank deposit is in reality… a loan. What the amount in our bank account really indicates is how much money the bank owes us. It is a record of the bank’s promise to pay us money, not the money we deposited itself. The difference is important. The truth is, when we hand the contents of our piggy bank to the bank teller, our money becomes the bank’s money to do with as it pleases. All of the money in the bank is the bank’s money. None of it is ours. That’s why the bank pays us interest. We have loaned the bank our money.

This may seem to be a semantic distinction. We know we can go to the bank at any time and take our money out in cash if we want to. But the distinction is not semantic. Nor is it trivial. The distinction is crucial. What happens in banking affects everyone and yet few of us know anything at all about how banking really works. The entire world economy now runs on a system of credit provided by banks. And when that credit system breaks down, everyone suffers.

To make things worse, the explanations for these breakdowns offered by the experts never look at the root cause… namely that, other than cash and coins, which make up just 1-5% of money in circulation, all the money in existence today was created as the principal of a bank loan, with the banks requiring principal plus interest as so-called “repayment”. Not only does this make the existence of money entirely dependent on the existence of bank credit, it makes the system as a whole bankrupt by design, as total debits, principal plus interest exceed total assets, from the moment the first loan document is signed.

As the global banking system staggers towards worldwide collapse, more and more people are realizing they can no longer ignore the realities behind banking as it is practiced today. Many have lost their homes and jobs due entirely to the unsustainable practices of moneylenders. It is time people understood money and the pressing need to fundamentally change the way it works. Clarifying what the words used in banking really mean is the first step. Now that we know that a deposit is, in truth, a loan to a bank, the next question is … what is a loan that we take out from a bank?

When we sign for a loan, we give the bank a pledge to pay the amount of the loan plus interest. In return, the bank credits our account in the same amount as this so-called loan. While we speak of the bank as having put the loan money into our account, in reality, the only thing the bank puts into our account is its promise to pay the money.

What has actually happened is an exchange of promises. Neither party has delivered anything to the other, except matching pledges of debt. So, who is the borrower and who is the lender? The terms loan, lender and borrower are all misleading. The truth is that the two parties have traded promises to pay, and in the process created something called “bank credit” or “checkbook money” that can be legally spent as money.

Bank credit can be spent because we, in our innocence, notice that, each time we deposit into our account, it increases our balance by the same amount. In fact, unless we put something in, our account will be empty. Thus it’s a natural assumption that money in an account is money someone put in. Uh-uh. The account is a promise to pay, not the money itself. In fact, a promise always indicates the absence of the item promised. Otherwise why does it need to be promised? Now, because all bank accounts are just promises to pay, the bank and the borrower can simply exchange promises and, in the flash of a few keystrokes, a positive balance appears in the borrower’s bank account without anyone putting existing money in.

Now you know the real source of what we call a “bank loan”.

“Commercial banks create checkbook money whenever they grant a loan, simply by adding new
deposit dollars in accounts on their books in exchange for a borrower’s IOU.” – Federal Reserve Bank of New York, I Bet You Thought, p.19

How different would it be if two parties just got together in a basement with a printing press and created new money that way? We intuitively understand the act of fraud called counterfeiting. In printing fake $100 dollar bills, the counterfeiters also create new money out of thin air.

Money gives us the ability to purchase the real goods & services of the world. It’s clear that the counterfeiters have created new ability to purchase real goods & services without giving anything in exchange… except a fancy piece of paper. Counterfeiters get something for nothing, directly at the expense of whoever gets caught with their counterfeit money. And if the counterfeit money is not discovered, it dilutes the money supply, stealing from everyone. Counterfeiting is a serious crime and it is easy to understand why. It’s cheating on a basic social agreement… Thou shalt not steal.

But, taking a loan from a bank also creates new purchasing power. However, instead of being considered a form of theft, it is the very basis of our monetary system. How did one form of creating money out of thin air become a crime, and the other become standard business practice and the source of almost all our money? For this is what has happened.

To understand how, we need to look at the history of the laws governing commerce, but before that, we need to understand the logic of the loan process itself.

The borrower wants to purchase an item but doesn’t have the funds to do so at the present time. However the borrower does have confidence in having sufficient funds over time to pay both the original price of the item and the interest on a loan. So he goes to a bank to arrange a loan. The borrower is capable of making a credible promise of money in the future, but otherwise, at this moment, he comes with empty pockets. That’s why he needs the loan.

We’re probably all familiar with what happens next. The bank gets the borrower to sign an agreement in which the borrower promising to pay the bank the amount of the loan plus interest or, in default, surrender to the bank the object that is to be purchased with the loan. This is done countless times every day all over the world, but there’s a problem. How can the borrower pledge as collateral something that the borrower does not yet own? If I wanted to borrow $10,000 from you to go on a luxury cruise to Europe, would you accept my
neighbour’s car as collateral?

Of course not, because you know very well that I have no legal right to give you my neighbour’s car no matter how much I owe you. But, if instead, I promise to buy my neighbour’s car with the $10,000 you lend me, the situation is different. You might agree to lend me the $10,000 believing I will buy the car and will pledge it as collateral for the loan once I obtain legal title to it. However, until the transaction is completed, your $10,000 loan cannot be secured by title to the car. This sequence of events problem could be very simply avoided. You could buy the car and then sell it to me.

The bank could do it this way too. If the borrower commits to the bank to buy the item, why doesn’t the bank just buy it with its own money and then sell it to the borrower on time payments at interest? Well… the answer to that question is also very simple. It’s because the bank, like the borrower, has come to the transaction with empty pockets. The bank fulfills its part of the so-called loan transaction by creating an “account” for the borrower. The truth is… the so-called borrower has funded his own account by fraudulently pledging a car he does not yet own, as collateral. And the bank, the so-called lender, hasn’t put up any existing money at all…and, if all goes well, it never will.

So you’ve got an artificial system which conned people to use money. And then of course they could create their cities, hire people for standing armies – you can’t get a bunch of guys together to go and conquer anybody if you don’t have some means of keeping them there, something as reward. They’ll just go home eventually and get bored and fed up. So money was always the key to this civilization – building process. This, building of cities, empires, society itself, and the Freemasons like Albert Pike and McHai and a whole bunch of other ones are always extolling their own virtues of being able to build society, build culture…

So we have an elite who have used war, money, cities, culture creation, religion, and all the things coming in to the culture – festivals, generally is based on lunar and solar and stellar mythologies to keep the people in check to keep them happy dumbed-down stupid, and obedient more than anything else – obedience is so important.

And of course the sun god was used down through the ages up until the present day as a reincarnated sun god, you see. It’s the same ole thing we’ve hashed over and over where an invisible god, the grand architect of the universe as the masons call him, always chooses and SON, his own son, to push life into the world. Because they claim that we the profane are dead, you see. In a sense they’re right there, because if you don’t know reality you are dead. Because living as a human means you are a sentient, aware, fully conscious being. You’ll find in all religions they’ll have the same terminology…

Which is the big con today. Everybody is rushing around in their cars as fast as we can go, and they think they’re living because they keep moving. And they don’t do shopping lists anymore – they’ve just got to keep moving and have noise blaring all the time and music playing or something you see, because they are scared to think.

Peace is not peace as you know it. Peace comes when there’s absence of consciousness and opposition to this agenda. That’s what they mean by peace. And peace comes when there’s not enough of you to cause a trouble and those that are left don’t have a functioning brain to use. That’s peace. And hence the rush towards chips and chipping the brain and implants and stuff like that and a totally controlled society. They want peace. They don’t want to give us all this media nonsense, this constant propaganda that keeps us running in circles and chewing the grass like good little sheep.

It takes away from their profits because they want pure profits yous see they want 100% profits from us. And they’ve got to allow us to entertain ourselves to keep us obedient and grazing – and sports and circuses and all of that kind of thing and buying toys, junk from China, as rewards, little Pavlovian rewards at the end of the month, you know. That’s all taking from their ultimate profit and that upsets them because it’s not efficient enough. And the system that’s coming into being they want utter efficiency where a person will not be born unless they have work for you to do.

And we’ve gone through a horror show down through the ages of watching people being oppressed, doing what they do naturally which is to resist, so you have force. And for every force there is an equal and opposite reaction. And of course then they control the conflict, the conclusion the synthesis of it all and before you know it we’ll just move into where they want us to go. We are the sheep they are the good shepherds. Good shepherds pat the sheep. They know them by name. The sheep come up to them and like them, because the sheep don’t know what they’re there for. They think that they are there to be happy. They don’t know, they don’t even ask, why does this shepherd spend so much time taking care of us and talking to us? It’s because the sheep don’t know what they’re there for. They don’t know their function is to feed the shepherd, make a profit, then take the wool and replace them. That’s a good shepherd. A bad shepherd sharpens their knives in front of the sheep and slaughters one, the rest of them are terrified. They run off when they see them. So, the good shepherd wears a suit and tie and says I promise to help you – in whatever category you put yourself into, whichever ready made pigeon hole you put yourself into – I’m left wing, I’m right wing, I’m up, I’m down.. whatever. it’s their system and they lead you where they want you to go.

The right-left paradigm in the U.S. and U.S. politics is taken directly from the commercial world or the corporate world. In the business world you have Coke-Pepsi. You have McDonald’s-Burger King. You’ve got AT&T-Verizon. You’ve got duopolies. A duopoly gives the illusion of there being some competition and some choice. And it looks a little bit better than monopoly.

They know from previous experience and history that civilizations come and go and dwindle. They know the reasons why they come and go.
Maurice Strong is the man who said that they would never allow another country to rise up as powerful as America will never be allowed to happen again. And he said that the best thing we can do is tear down all the factories, all the top commerce of the United States and level it and give it back to nature. And that was the advice from this character who has tremendous power at the United Nations and was picked up and groomed by Rockefeller himself.
Nations rise and fall. They knew how debt could never be recuperated. They knew that disease and prolonged war could wipe out the population and future populations that pay off debt, so these guys all work together. That’s why it’s no surprise that today you have Lord Rothschild coming out pushing the latest scam or religion that we must all believe in which is global warming. Which his personal bank, his families bank in Switzerland, will be in charge of. They’ve run this system, the whole economic system of the world for the last 2 1/2 hundred years so why shouldn’t they also run the economic system for the next few hundred years.

We’re going into the greatest depression. There will be no job growth. Unemployment will continue to escalate. Along with it so too will crime, poverty, kidnappings, boss-nappings… And the more things spin out of control the harder the hammer is going to come down by the federal government to keep things in control.

To force their agenda through the elites are employing one of their favorite tools, artificial crisis creation, also known as the Hegelian dialectic of problem-reaction-solution.

It’s never been written about in any book that I’ve found as to who gave these guys the authority or permission to be the international bankers of the world. Why would you even need international bankers? Why would any government agree to use them? Why would you need to use them? Why can’t any country create its own money? It tells you there’s already an existing super structure already in existence, maybe two, three hundred years ago to give these guys permission to somehow be the overlords of all money for all countries.

In a video we prepared last week, we described the mechanism behind the four sided ponzi pyramid scheme that helps to explain the present global financial crisis. However this can best be grasped if we can look at this global financial crisis within a much grander scheme which is the so called “new world order”. We hear a lot about the new world order these days. We know something is happening out there, but we’re not quite sure what. in a way when there’s smoke, there is fire and we can see that the New World Order fire is spreading and spreading quickly. Seeing the dire state of the word now our instincts tells us that there is definitely something wrong. Something is rotten, and it’s not exactly in the state of Denmark.

But the excuse seems to be, it’s the new world order and I’d like to talk about the new world order. The new world order really is how we say a generic term. It’s an overhaul. It’s a description of the overhaul to go into the next stage. Let’s look back in history. We had a new world order in 1919, when the victorious allies, France, Britain, and the United States defeated the central powers. Germany, Austria, Hungary, and the Turkish empire. it was very politically centered, but they did get together in Paris, France, to plan out the new world order. And that sort of guaranteed that the conditions were so bad against Germany and the defeated powers that it guaranteed the second world war. But the important thing to at that at that time in 1919, to plan out the new world order they founded two organizations. The New York based Council on Foreign Relations and the London based Royal Institute on International Affairs also known as Chatham House. That new world order had achieved destroying the monarchies, and preparing the way for socialisms, communism, even national socialism and other socialisms. Then we had the second world war. And in 1945, again they meant to prepare a new world order. And what was that new world order? Well after Yalta [Conference] and the division of the world, it was basically splitting the world up between the United States and its allies, and the Soviet union and its allies. And they also prepared a very economically centered new world order. They founded the Bretton Woods Conference, the IMF International Monetary fund, the World Bank, the World Trade Organization. It was the USSR against the USA.

And now when we get to 1991 again George H W Bush Sr announced in 1991 that we had a new world order because the Soviet Union had collapsed and the new world order at that time was globalization. Which was the consolidation of private power and it was the consolidation of the deregulation of the economy and so forth. And what we have today in 2008 2009 the advent of another new world order. And this time the new world order will not be mere globalization it is something much stronger and much more dangerous. It is world government.

So what do they talk about when they say world government. Well first of all, we’ve had world government for much longer than you think,. We just don’t see it. Because we always think of government as something public. With all the trappings and symbols of public government; the flag, the President in the Oval Office, ‘hail to the chief’ when he comes out in his official capacity, military honors, intense media coverage… This is so in the United States, in Europe, in Argentina. Whether its the White House, whether it’s the Casa Rosada in Argentina or whether it’s Capitol Hill. But if you analyze it, the most profound change that the world has undergone in the last 40 years that ‘power’. The capacity to do. The capacity to make things happen in one way and not in another, that power, which is colossal, has been privatized.

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We talk a lot about privatizations and we think of the telephone companies, the railways, I dunno' the gas company... OK those are operational privatizations. But the real privatization of the last 30 to 40 years is the privatization of power. And this is where public opinion gets confused. Because we think, and rightly so, that public institutions government institutions are there to promote the common good, or at least they should be there... However, if we have a private world government which is run by private institutions as we will set in a moment, there we have a problem, because private institutions really don't have an obligation, a legitimate obligation to work for the common good. Private organizations, legitimately so, work for their own good. So there we have one of the keys to the problem. We have a world government, but it is mostly private, and the private institutions running the world government are not geared or focused on the common good. So what we have nowadays is private power. And private power is the power running the world government. Can we see it? Not easy. Is it a conspiracy? No way. And I'm going to tell you why.

Because the organizations running this, until now private world government, have names, addresses, websites, emails... They issue documents. They publish books. They have logos. They make reports. It's all out there. All you need to do is, like a jigsaw puzzle, put the pieces together.

I would say there are about 2000 of these think tanks, the world over. And since this is very vertical in the chain of command, of those 2000 think tanks 200 are the ones that really count. And of those 200 there are 20 that really have clout. And of those 20 there are 5 that sit at the very pinnacle of this global power pyramid. And those 4 or 5 have names. It's no conspiracy, and I'm going to name them for you. You probably know this. It's the Council on Foreign Relations founded in 1919 when they had to prepare the new world order after the first world war. It's its sister organization the Royal Institute on International Affairs, Chatham House as it is called, based in London; also founded in 1919. It's the so called Bilderberger Conference founded in 1954, and that is probably the most powerful of these 4 or 5 I am going to describe... and that was founded in 1954. And it's the Trilateral Commission founded by Rockefeller and Kissinger and other - the Rothschilds back in 1973 to coordinate the actions of the United States, Western Europe at that time, and Japan. And it's grown ever since. And here's where you can find some patterns which help to explain how this world power, how this world government works.

Hello, my name is Adrian Salbuchi and I’m speaking to you from Buenos Aires in Argentina. Everybody seems to be talking about the global financial crisis. But I want to show you, based on our experience here in Argentina, that there is no global financial crisis. What you are suffering, the First World, is an irreversible global systemic melt down. There’s no way of saving it. You might think, well this is a little bit exaggerated, but I want to show you, based on our experience, perhaps we know better.

I have here a coin which is 1 Argentine peso. This will buy you, well it’ll hardly buy you a bus trip in downtown Buenos Aires. And yet if I were to go to 1970 – in 1970 this little coin would have purchased you Argentina 4 or 5 times after another. Why? Because since January of 1970, we have undergone 4 major monetary changes where they’ve knocked off zeros on our currency. Thirteen zeros to be exact. So this would be worth 10 trillion pesos from that time and 10 trillion pesos at that time would’ve bought you Argentina… 3 or 4 times over. That’s inflation. Actually that’s hyper inflation. So when we hear about your inflationary concerns and everything, we’ve seen that, we’ve done that. We’ve been through the whole thing.

The whole global financial system is a ponzi scheme. And I’m going to show you how this works. First side of the global financial pyramid. Planned monetary insufficiency. The real money in every country – United States, Argentina, Brazil, Britain… Real money is the money that is issued by the state. In other words real “hot money” let’s call it that way, legal tender. Which in the United States is a funny sort of money because it’s issued by the Federal Reserve Bank. And the Federal Reserve Bank is a private entity. Let’s say central banks issue the real money. The dollar bills, the euros, the Argentinian pesos and so forth. The whole system is planned in such a way that there is never real money for the needs of the economy.

There enters the second side of the pyramid. Since there is not sufficient public money, that is replaced, or that is substituted by private money. In other words, the private banking system exerts sufficient control over the state and over the central bank, over the Federal Reserve System, as to guarantee that it will always issue insufficient amounts of money. And in comes the private banking system saying ‘Mr. individual, Mr corporation, Mr. government… you need money? No problem. We’ll give it to you.’And that’s when the banks come out with the fractional reserve system and charging huge amounts of interest. Whereby for all the loans that they make, tey make huge amounts of money. That’s the second part of the pyramid. Replacing real money, with funny money. In other words banking money, Which grows at an exponential rate because it grows based on the fractional monetary system, the fractional banking system.

The third side of the pyramid.Do everything by debt. Consumers are always indebting themselves. Do everything with a credit. Do everything with a loan. If an individual wants something, no problem have it on credit. If a corporation needs to build a new headquarter or a new manufacturing assembly line, no problem. Do it on credit. If the government has to do something in Argentina, the United States, no problem. Just get yourself nicely indebted with all the major private banks.

And you have now a situation where, in the United States for example, the government owes over 10 trillion dollars, that’s your debt indebtedness. Corporations owe about 9 trillion dollars. Individuals owe about another 9 trillion dollars. my country Argentina, the state is indebted over 350 billion dollars and our individuals are also indebted. Everybody’s indebted. Everywhere in the world. Individuals, corporations, states… Everybody owes money. And the key question is owes money to who. Why is the entire planet indebted to somebody?

And the forth part of the pyramid is the one we Argentinians are experts on. And I will call it privatizing the profits, socializing the losses. Because since the whole thing is a model, that model can be predicted how it will react, we know that when this ponzi scheme is growing there’s money all over the place. There’s easy loans, easy credit – “everybody” makes money. And when this is growing, the whole system is planned in such a way, that the channels for the huge profits will go to the private bankers. It will go to the private shareholders. It will go to all the people that they want it to go to. When it gets to a point where this is just going to explode, as happened to you (U.S.) on September of 2008, the whole thing starts collapsing, a new set of channels is activated. And all the losses are socialized. Just as the profits were privatized to the people they wanted to privatize them to, when the whole thing blows down and starts imploding and collapsing, that is socialized by taxpayer bailout plans or via the Federal Reserve issuing trillions of dollars of fake money, which means the entire planet is paying for it.

If you are still smarting from the economic collapse in 2008, you’d better buckle your seat belt Dorothy, because Economic Armageddon is coming and the MSM (main stream media) is not talking about it.

A handful of patriots are voicing the issue, but no one is listening.

There are events unfolding and some yet to unfold that will leave you wondering how you are going to survive.

The mortgage problem, the unemployment problem, the shipping problem, the Afghanistan surge problem, etc.

A Perfect storm is brewing and nobody seems to care.

Add to it, the Biden, Powell, et. al. prophetic words of an impending or potential (almost certain) “terrorist” attack and you’ve got a complete and total Collapse (with a capital C) of the economy.

We’re talking destitute Americans in the streets. No money, no food, no homes, no employment…

California which represents 1/3 of the US GDP is talking about issuing I.O.U.’s. Imagine calling your bank and saying, hey, all I have this IOU from the state, can I pay my mortgage with it?

I’m trying to connect the dots, but you need to read the information.

Hopefully you will arrive at the same conclusion before it’s too late.

Shipping rates hit zero as trade sinks

“Freight rates for containers shipped from Asia to Europe have fallen to zero for the first time since records began, underscoring the dramatic collapse in trade since the world economy buckled in October…It has spread to core trade of finished industrial goods, the lifeblood of the wold economy.” Telegraph.co.uk Jan. 15, 2009

“A report by ING yesterday said shipping activity at US ports has suddenly dived. Outbound traffic from Long Beach and Los Angeles, America’s two top ports, has fallen by 18pc year-on-year, a far more serious decline than anything seen in recent recessions.

‘This is no regular cycle slowdown, but a complete collapse in foreign demand,’ said Lindsay Coburn, ING’s trade consultant.” Telegraph.co.uk Jan. 15, 2009

If that doesn’t make you shudder, then I suggest you go back to watching American Idol, or whatever mundane task you were doing, because you just don’t get it.

It means goods are not being shipped, think empty store shelves, because that’s what is next.

Adjustable Rate Mortgage Loans

“According to Huxley Somerville, a director at Fitch Ratings, $29 billion of these loans will reset by the end of 2009 and another $67 billion in 2010. The drastic increases anticipated on each loan are expected to cause delinquencies to more than double.” Motley Fool

The Coming Tsunami

The Mortgage problems are not over yet. If “Revelation” of the Subprime mess shook the Dow from 13,028 in June to a bottom of 7,552 on Nov. 20, 2008, what kind of effect can we expect from the ARM, ALT A, Agency loans that will start resetting in 2009?

Citi exposed to $60 billion in subprime loans – may need more cash.

“I would argue that the $18.3 billion in Alt-A loans are just as suspect and dangerous to the company as the subprime loans. While many subprime loans are made to homeowners with bad credit, the Alt-A loans were made to specuvestors with little or no documentation that will be unable to afford the new mortgage payments when these Alt-A loans reset or recast in the near future.” Huliq News

And that’s just Citibank. When are Fannie & Freddie, Bank of America, Wells Fargo and others going to announce?

What about the Investment Banks that are still stuck with these loans? What about the US Government who took out interests in Fannie, Freddie and others in the bailout, or as I like to call it, the “sellout” (as in, “of America”)

And NONE of this includes commercial properties/loans. Not one word from anyone, except one person and I can’t find his information.

How much exposure do the American People have in the Commercial market? No one knows.

Unemployment at 16-year high

In December, the number of unemployed persons increased by 632,000 to 11.1 million and the unemployment rate rose to 7.2 percent. Since the start of the recession in December 2007, the number of unemployed persons has grown by 3.6 million, and the unemployment rate has risen by 2.3 percentage points. Bureau of labor statistics.

Add to that, the Federal Reserve’s audacity to deny disclosure of nearly $2 Trillion dollars. As determined by the court, and I’m paraphrasing, that (bold) We the People are not party to what the Federal Reserve (a private corporation) does with its money.

Suddenly, conspiracy theories start to play themselves out…

North American Union
Civil Unrest
Martial Law
One World Government…

Sadly, I do not have a solution. I do however subscribe to the ideas that Peter Schiff and Ron Paul and other brave patriots have stated.

*Let the economy fix itself
*Stop printing money
*Let’s return to the Gold Standard
*Merge the Fed with Treasury (an Actual Government Entity)

You’d better be ready. Start preparing and don’t get caught in the downdraft.

The fact that shipping hit Zero in Europe means you’d better start stocking up on essentials.

We conspiracists have been telling you for months.

These are my opinions.

New York, New Jersey, Michigan, MA, TN, and many other states are depleting or have depleted Unemployment funds.

States are asking the Federal Gov for a Bailout. ($1 Trillion)

Obama asked for $875 BILLION plus the $300 Billion from TARP.

“The president-elect would devote 40% of the $775 billion to give taxpayers a break, but his party is urging him to put more into roads, bridges and other projects.” L.A. Times

That’s right, Democrats don’t want you to have tax breaks, they want to give it to big companies and government to “build” our infrastructure. You know, eh hmm, their friends.

Any guesses as to who might get a lion share of the contract (s)?

Halliburton and KBR

Halliburton announced that it would relocated it’s Texas based World Headquarters from Texas to Dubai. It will still maintain a corporate US office in Texas, but the CEO is moving UAE. (ABC news 03/11/2007)

Halliburton is no longer an American company, but they will probably get the contract, along with KBR.

The Federal Reserve is Printing More Money, thereby increasing Our National Debt. If you add up all debts and liabilities, it adds to about $53 Trillion (look it up).

Yet, Executives are getting Bonuses

And Nobody is disclosing where the money is.

* AIG ‘Retention Pay’ Rises to $619 Million

* Detroit CEOs to Get $1 Per Year? Not Quite. (see story)——>

* Morgan Stanley, which has received no less than $10 billion in bailout funds, paid out $2 billion in bonuses this year, according to The New York Times.

* Goldman Sachs, another beneficiary of billions in TARP funds, reportedly rewarded some employees with $200,000 cash bonuses.

* Members of the US Congress started 2009 with a 2.8 cost of living increase ($4,700 for 535 members) which amounts to about $2.5 Million.

” ‘ All 2.7 million federal employees receive a cost of living adjustment most years, which this year has been set at 2.8 percent for members of Congress and other senior federal officials, and 3.9 percent for rank-and-file employees,’ said Congressman Mike Thompson.” Lake County News

Bank of America just got a $25 Billion infusion, on top of the $15B from October. But they still plan on FIRING 35,000 employees.

BA stock went from $38 on Oct. 1, 2008 to $7 as of Jan. 16, 2009.

Do you remember the Secret FISA meeting from Mar. 13, 2008?

What was discussed?

There are several videos, but here is the list:

1. The Imminent Collapse of the US Economy to occur sometime in Late 2008.

2. The Imminent Collapse of the US Government Finances to occur sometime in Mid 2009.

3. The Imminent possibility of Civil War inside the US as a result of the collapse.

4. The Advance Roundups of insurgent US Citizens who are likely to move against the Government.

5. The Detention of those rounded up at Rex84 camps constructed throughout the US.

6. The possibility of public retaliation against members of congress for the collapse.

7. The Location of safe facilities for members of congress and their families to reside during this massive civil unrest.

8. The Necessary and unavoidable merger of the United States with Canada and Mexico establishing the North American Union.

9. The issuance of a new currency called the Amero for all three nations as an economic solution.

Who are the Rothschilds? The Rothschilds have been in control of the world for a very long time, and I produce my evidence for this below in a timeline.

1743: Mayer Amchel Bauer, born Frankfurt, Germany, the son of Moses Amschel Bauer, a money lender and proprietor of a counting house. Over the entrance door he places a red sign. Red Shield.

1760: During this decade Mayer Amschel Bauer works for a bank owned by the Oppenheimers’ in Hanover, Germany, he is highly successful and becomes a junior partner. Whilst working at the bank he becomes acquainted with General von Estorff. Rothschild subsequently becomes close associates with Prince William, and ends up doing business with him.

1770: Mayer Amschel Rothschild marries Gutele Schnaper. Mayer Amchel Rothschild draws up plans for the creation of the Illuminati and entrusts Adam Weishaupt with its organization and development.

1791: The Rothschilds through Alexander Hamilton (their agent in Geroge Washington’s cabinet) set up a central bank in the USA called the Bank of the United States. This is established with a 20 years charter.

1806: Napolean states that it is his, “object to remove the house of Hess-Cassel from rulership and to strike it out of the list of powers. William of Hanau, flees Germany, goes to Denmark, leaving Rothschild $3 Million.

1810: Sir Francis Baring and Abraham Goldsmid die. This leaves Nathan Mayer Rothschild as the remaining major banker in England.Salomon Mayer Rothschild goes to Vienna, Austria, sets up the bank, M. von Rothschild und Sohne.

1811: The charter for the Rothschilds Bank of the United States runs out and Congress votes against its renewal.

1812: Backed by Rothschild money, the British declare war on the United States to get it in debt.

1815: The five Rothschild brothers work to supply gold to both Wellington’s army (through Nathan in England) and Napoleon’s army. They made all the other traders believe that the British had lost the war so they started selling frantically. This gave the Rothschild family complete control of the British economy, now the financial centre of the world following Napoleon’s defeat, forced England to set up Bank of England, Rothschild controlled. They set up a system of paper debits and credits, the banking system of today.

1816: The charter for the Bank of the United States is renewed for another 20 years with the Rothschilds.

1818: Rothschilds dump French Bonds causing their economy to plummet. The Rothschilds the stepped in to take control of the French money supply.

1827: Sir Walter Scott publishes his nine volume set, The Life of Napoleon, and in volume two he states that the French Revolution was planned by the Illuminati (Adam Weishaupt) and was financed by the Rothschilds.

1835: An assassination attempt is made on President Jackson. He would later claim that he knew the Rothschilds were responsible, because he was putting funds into banks directed by democratic bankers.

1837: President Andrew Jackson throws National Bank out. in 1913 the Rothschilds would be able to set up the Federal Reserve.

1841: President John Tyler (the 100th President of the United States from 1841 to 1845) vetoed the act to renew the charter for the Bank of the United States. He receives hundreds of letters threatening 1852him with assassination.

1852: N.M. Rothschild & Sons began refining gold and silver for the Royal Mint and the Bank of England and other customers.

1861: Lincoln pays 36% interest on all monies loaned. Lincoln very angry about this high interest prints his own dollar.

1862: By April $449,338,902 worth of Lincoln’s debt free money had been printed and distributed.

1863: The Rothschilds use one of their agents in America, John D. Rockefeller to form an oil business called Standard Oil.

1865: In a statement to Congress, President Abraham Lincoln states, “I have two great enemies, the Southern Army in front of me and the bankers in the rear. Of the two, the one at the rear is my greatest foe.” Later that year President Lincoln is assassinated.

1876: Otto von Bismark states”"that the division of the United States into two federations of equal power was decided long before the Civil War by the high financial powers of Europe…”

1881: President James A. Garfield (The 20th President of the United States who lasted only 100 days) states two weeks before he was assassinated, “Whoever controls the volume of money in our country is absolute master of all industry and commerce.

1906: Due to the growing instability in the region and increasing competition from Standard Oil, the Rothschilds sell the Caspian and Black Sea Petroleum Company to Royal Dutch and Shell.

1911: John F. Hylan, then mayor of New York, states, “The real menace of our Republic is the invisible government which like a giant octopus sprawls its slimy legs over our cities states and nation.
At the head is a small group of banking houses generally referred to as
‘international bankers.’ This little coterie… run our government for
their own selfish ends. It operates under cover of a self-created
screen…[and] seizes…our executive officers… legislative bodies…
schools… courts… newspapers and every agency created for the public
protection.”

1913: the Federal Reserve. Congressman Charles Lindbergh stated following the passing of the Federal Reserve Act, “When the President signs this Bill, the invisible government of the monetary power will be legal.”

1914: The Rothschilds have control of the three European news agencies, Wolff (est. 1849) in Germany, Reuters (est. 1851) in England, and Havas (est. 1835) in France.

1918: The Rothschilds order the execution by the Bolsheviks they control, of Tsar Nichilas II and his entire family in Russia.

1934: Swiss banking secrecy laws are reformed and it becomes an offence resulting in imprisonment for any bank employee to violate bank secrecy. This is all in preparation for the Rothschild engineered Second World War. Adolf’s father, Alois Hitler was the illegitimate son of Maria Anna Schicklgruber. Maria Anna Schicklgruber was living in Vienna at the time she conceived. At that time she was employed as a servantofhome of Rothschild.

1953: N.M. Rothschild & Sons found the British Newfoundland Corporation Limited to develop 60,000 square miles of Newfoundland.

1980: The global phenomenon of privatisation starts. The Rothschilds are behind this from the very beginning in order to seize control of all publicly owned assets worldwide.

1985: N.M Rothschild % Sons advise the British government on the privatisation of British Gas. They subsequently advice all of state owned assets including: British Steel; British Coal; all the British regional electricity.

1996: Amschel Rothschild, 41, is strangled with the heavy cord of his own towel robe in his hotel room in Paris. Rupert Murdoch instructs his editors to report it as a heart attack.

2001: On September 11th the attack on the World Trade Center is orchestrated by Britain/America under the orders of the Rothschilds as a pretext for removing the liberty of people worldwide in exchange for security.

2003: The United States invade Iraq, one of six nations left in the world who don’t have a Rothschild controlled central bank.

2006: On July 7 the London Underground was bombed. Only five nations on the world left without a Rothschild controlled central bank: Iran, North Korea, Sudan, Cuba, and Libya.

Everything you know is a lie. You are a slave of a hidden power. This power has been in control of the world for centuries. The name of this power is Rothschild.

“Let me issue and control a nation’s money and I care not who writes the laws”. Mayer Amschel Rothschild

“If my sons did not want wars…there would be none”. Gutle Schnaper…Wife of Mayer Amschel Rothschild

The Rothschilds have caused every war since 1800.

“I care not what puppet is placed upon the throne of England to rule the Empire on which the sun never sets. The man who controls Britain’s money supply control the British Empire, and I control the British money supply”.

“Rothschild is the Lord and Master of the money markets of the world, and of course virtually Lord and Master of everything else”. Benjamin Disraeli, British Prime Minister

The Rothschilds control half the wealth of the world.

“Teach those impudent Americans a lesson. Bring them back to colonial status”. Nathan Mayer Rothschild

“Whoever controls the volume of money in our country is absolute master of all industry and commerce…” President Taft

The Rothschilds establish the “FED” in 1913 and have controlling interest. The Rothschilds rule by proxy. They virtually control the entire planet through their money power. Their central banks control the money supply of many countries, including the United States.

The problem is since 1864 we’ve had a debt based banking system. All our money is based on government debt. We cannot extinguish government debt without extinguishing our money supply. That’s why talk of paying off the national debt without reforming our banking system is an impossibility. That’s why the solution does not lie in discussing the size of the national debt rather it lies in reforming our banking system.

well what we’re about to show you is that there’s nothing federal about the Federal Reserve and there are no reserves. The name is a deception created back before the Federal Reserve Act was passed, in 1913, to make Americans think that America’s central bank operates in the public’s interest. The truth is that the Federal Reserve is a private bank owned by private stockholders and run purely for their private profit.

The Federal Reserve really, even though it is not part of the federal government, it is more powerful than the federal government. It’s more powerful than the president, the congress, and the courts. Now a lot of people challenge me on that but let me prove my case. The Federal Reserve determines what the average persons’ car payment is going to be… what their house payment is going to be, and whether they have a job or not and I submit to you that’s total control. And the fed is the largest single creditor of the United States government. …The borrower is servant to the lender…

When his son Mayer Amschel Bauer inherited the business, he decided to change his name to Rothschild. Amschel soon learned that loaning money to governments and kings was more profitable than loaning to private individuals. Not only were the loans bigger, but they were secured by the nations taxes.

By cooperating within the family the Rothschilds soon grew unbelievably wealthy. By the mid 1800s they dominated European banking and were certainly the wealthiest family in the world. They financed Cecil Rhodes making it possible for him to establish a monopoly over the diamond and gold fields of South Africa. In American they financed the Harrimans and railroads. The Vanderbilts and railroads and the press. And, Carnegie and the steel industry among many others.

“The division of the United States into federations of equal force was decided long before the Civil War by the high financial powers of Europe. These bankers were afraid that the United States, if they remained as one block, and as one nation, would attain economic and financial independence, which would upset their financial domination of the world.” –Otto Von Bismark

Lincoln understood who was really pulling the strings and what was at stake for the American people. This is how he explained his rationale.

“The government should create, issue and circulate all the currency and credit needed to satisfy the spending power of the Government and the buying power of consumers… The privilege of creating and issuing money is not only the supreme prerogative of Government, but it is the government’s greatest creative opportunity…
By the adoption of these principles the taxpayers will be saved immense sums of interest. Money will cease to be master and become the servant of humanity.” –Abraham Lincoln

If that mischievous financial policy, which had its origin in the North American Republic during the late war in that country, should become indurated down to a fixture, then that Government will furnish its own money without cost. It will pay off its debts and be without a debt.

It will have all the money necessary to carry on its commerce. It will become prosperous beyond precedent in the history of the civilized governments of the world. The brains and the wealth of all countries will go to North America. That government must be destroyed or it will destroy every monarchy on the globe.

…claimed that Lincoln was assassinated , not only because international bankers wanted to reestablish a central bank in America, but because they also wanted to base America’s currency on gold. Gold they controlled. In other words, put America on a gold standard. Lincoln had done just the opposite by issuing U.S. notes. Greenbacks, which were based purely on the good faith and the credit of the United States…

They were the men interested in the establishment of the gold standard money system and the right of the bankers to manage the currency and credit of every nation in the world. With Lincoln out of the way they were able to proceed with it in the United States. Within eight years after Lincoln’s assassination silver was demonetized and the Gold Standard money system set up in the United States.

3 years later American the people elected republican James Garfield president. Garfield understood how the economy was being manipulated. As a congressman, he had been chairman of the Appropriations Committee and was a member of Banking and Currency. After his inauguration he slammed the money changers publicly in 1881.

Whosoever controls the volume of money in any country is absolute master of all industry and commerce… And when you realize that the entire system is very easily controlled, one way or another, by a few powerful men at the top, you will not have to be told how periods of inflation and depression originate.

Unfortunately, within a few weeks of making this statement
on July 2nd of 1881, he was assassinated.

“After WWI, Germany fell into the hands of the German international bankers. Those bankers bought her and they now own her, lock, stock, and barrel. They have purchased her industries, they have mortgages on her soil, they control her production, they control all her public utilities. The international German bankers have subsidized the present Government of Germany and they have also supplied every dollar of the money Adolph Hitler has used in his lavish campaign to build up a threat to the government of Bruening. When Bruening fails to obey the orders of the German International Bankers, Hitler is brought forth to scare the Germans into submission… Through the Federal Reserve Board… over $30 billions of American money… has been pumped into Germany… You have all heard of the spending that has taken place in Germany… Modernistic dwellings, her great planetariums, her gymnasiums, her swimming pools, her fine public highways, her perfect factories. All this was done on our money. All this was given to German through the Federal Reserve Board. The Federal Reserve Board… has pumped so many billions of dollars into Germany that they dare not name the total.” – Rep. Louis T. McFadden (D-PA)

At first Roosevelt railed against the money changers as being the cause of the depression. Believe it or not, this is what he said on March 4th 1933 in his inaugural address.

“Practices of the unscrupulous money changers stand indicted in the court of public opinion rejected by the hearts and minds of men… the money changers have fled from their high seats of the temple of our civilization.” –Franklin D Roosevelt March 4th 1933 in his inaugural address

But, 2 days later Roosevelt declared a bank holiday and closed all banks. Later that years Roosevelt outlawed private ownership of all gold bullion and all gold coins with the exception of rare coins. Most of the gold in the hands of the average American was in the form of gold coins. The new decree was in effect a confiscation. Those who didn’t apply risked as much as 10 years in prison and a $10,000 fine; the equivalent of $100,000 today. Out in small town America some people didn’t trust Roosevelt’s order. Many were torn between keeping their hard earned wealth, or obeying the government. Those who did turn in their gold were paid the official price for it; $20.66 per ounce. So unpopular was the confiscation order, that no one anywhere in government would take credit for authoring it. No congressmen claimed it. At the signing ceremony President Roosevelt made it clear to all who was present that he was not the author of it and publicly stated that he had never read it. Even the Secretary of the Treasury said that he’d never read it either saying it was quote ‘what the experts wanted’. Roosevelt convinced the public to give up their gold by saying that pooling America’s resources was necessary to get America out of the depression. With great fan fair he ordered a new bullion depository, built to hold the mountain of gold the U.S. government was illegally confiscating. By 1936, the U.S. bullion depository at Fort Knox was completed. And in January 6th 1937 the gold began to flow into it.
THE RIPOFF OF THE AGES WAS ABOUT TO PROCEED.
In 1935, once the gold had all been turned in, the official price of gold was suddenly raised to $35 per ounce. But the catch was only foreigners could sell their gold at the new higher price. The money changers, who had heeded Warburg’s note and gotten out of the stock market just before the crash and bought gold at $20.66 per ounce, then shifted to London could now bring it back and sell it back to the government nearly doubling their money while the average American starved.