The Mother Of All Frauds

[Zarathustra]

Originally Posted by QUESTINY

Yes it did and their market soared 30% in the positive!!!!!

The Russian Market

I'm sure Paulson's promise to include foreign banks in his plan has something to do with that.

[Zarathustra]

http://www.reuters.com/article/email...EN838420080922


Goldman Sachs to be regulated by Fed

PHILADELPHIA (Reuters) - Goldman Sachs Group Inc (GS.N: Quote, Profile, Research, Stock Buzz) said on Sunday it would become the fourth largest bank holding company and would be regulated by the Federal Reserve.

Goldman said it would move assets from a number of strategic businesses, including its lending businesses, into an entity called GS Bank USA that would have more than $150 billion in assets.

GS Bank USA would be one of the ten largest banks in the United States, with assets that are fully funded for term and available to funded by the Federal Reserve.

Goldman said it intends to grow our deposit base through acquisitions and organically.

[Zarathustra]

Originally Posted by Zarathustra

http://www.reuters.com/article/email...EN838420080922


Goldman Sachs to be regulated by Fed

PHILADELPHIA (Reuters) - Goldman Sachs Group Inc (GS.N: Quote, Profile, Research, Stock Buzz) said on Sunday it would become the fourth largest bank holding company and would be regulated by the Federal Reserve.

Goldman said it would move assets from a number of strategic businesses, including its lending businesses, into an entity called GS Bank USA that would have more than $150 billion in assets.

GS Bank USA would be one of the ten largest banks in the United States, with assets that are fully funded for term and available to funded by the Federal Reserve.

Goldman said it intends to grow our deposit base through acquisitions and organically.

Who was the CEO of the now fourth largest holding company, hmmm, that's right, Henry Paulson.

[Zarathustra]

Originally Posted by Love/Light 13

It is obvious that the world is done with the dollar. China, Russia, and probably most of Europe for that matter are sick of dealing with US demands over the past 200 years. anything resembling the gold standard would be a step in the right direction.

Anyone read David Wilcock's new post on divinecosmos.com? He states that August 16th was significant because the Russian military seized a truck loaded with Rothschild/Illuminati documents. Wilcock states that the documents included code keys to a plethera of information.

Z or Questiny....have you heard anything on this?


also, not sure about the oil idea at all.........lets get off the oil addiction in every sense of the imagination!!

L, that is news to me, post more if you find it...

[Love/Light 13]

FROM DIVINECOSMOS.com

August 16, 2008. Just another day? Or not?

Multiple "crop circle" formations — using solar-system diagrams and other unique methods to count time — flagged this date as being of great importance.

Wait… what? "Nothing happened on August 16th," you may say.

Not so. August 16th appears to be the defining day where a vast treasure-trove of highly classified CIA / New World Order documents were seized out of abandoned US/Israeli spy trucks in Georgia.

Insider reports reveal this has created nothing short of a full-blown panic state within the neoconservative ranks of the White House. Here is one of the earlier examples:

http://www.tbrnews.org/Archives/a2871.htm

Washington, D.C., September 1, 2008: “ When the Russians chased the Georgians back into their own country, our government took great fright and ordered all American troops out of the area.

Some of these troops took part in the attack on South Ossetia and Washington was afraid that Americans and Russians would start shooting at each other.

As this could lead to immediate war breaking out between the two countries and as Russia has the ability to nuke the **** out of us; (unlike other small countries we habitually threaten and bully) we ran like frightened deer.

We also left behind all kinds of highly compromising documents, code machines, etc. to keep Russian military intelligence for days. They did capture Israeli intelligence people and by report, treated them very brutally. The Russians must have been reading Bush’s orders on torture!

Anyway, there is genuine terror in the halls of the Department of State, the Pentagon and the White House that terrible things could emerge. Guess what, kids? They will."

[QUESTINY]

Originally Posted by Zarathustra

L, that is news to me, post more if you find it...

Hi Love and Light. This is how I understand what happened. There was two CIA agents that were taken into custody by the Russian military during the Georgian Conflict. One of the agents had the documents you refer to taped to the mans back. These documents talked about the plan to invade not only Iran but Pakistan through Georgian air bases and to fly over Turkey. The documents also detailed the plans for the Ukraine's role.

The agents are still in the custody of the Russians. Putin gave Bush an ultimatum. If Bush didn't go with the demands made by the Russians than damaging information would be released. That Ultimatum ended today. We will see what takes place over the next week regarding War strategy based on this.

[Rocky_Shorz]

Originally Posted by Zarathustra

I'm sure Paulson's promise to include foreign banks in his plan has something to do with that.

hmmm, now that Putin has let the info be released, is there any reason to cover all banks, that isn't what the "plan" states anyways...

(a) Authority to Purchase.—The Secretary is authorized to purchase, and to make and fund commitments to purchase, on such terms and conditions as determined by the Secretary, mortgage-related assets from any financial institution having its headquarters in the United States.

They put a date of Sept 18th on it, so maybe they will have a way to monitor paper being sold into us institutions and come back with a oops sorry, can't cover those...

We still haven't seen the final...

[Zarathustra]

Originally Posted by Rocky_Shorz

hmmm, now that Putin has let the info be released, is there any reason to cover all banks, that isn't what the "plan" states anyways...



They put a date of Sept 18th on it, so maybe they will have a way to monitor paper being sold into us institutions and come back with a oops sorry, can't cover those...

We still haven't seen the final...

True. Remember "foreign" banks include China, Saudi Arabia, and Japan, and if those countries begin dumping their dollars and dollar denominated paper on the open market it's 1929 before you can blink.

[Rocky_Shorz]

link

Democrats Begin to Set Own Bailout Terms

WASHINGTON — Congressional Democrats began to set their own terms on Sunday for a plan to rescue the nation’s financial institutions, including greater legislative oversight of the Treasury Department, more direct assistance for homeowners and limits on the pay of top executives whose firms seek help.

The Democrats’ demands came as Treasury Secretary Henry M. Paulson Jr. blanketed the Sunday talk shows to promote the Bush administration’s $700 billion bailout package, emphasizing that it was needed not just for Wall Street, but for all Americans. He urged Congress to move swiftly to approve a “clean” rescue plan without tacking on extra programs.

“I hate the fact that we have to do it, but it’s better than the alternative,” Mr. Paulson said on “Fox News Sunday.”

The Bush administration proposal could be the largest government bailout of private industry in the nation’s history, and it calls for nearly unfettered powers to the Treasury secretary. There is intense pressure to pass a rescue measure quickly because the markets remain jittery.

Still, competing interests were already complicating the negotiations, as Democrats pushed for assistance for distressed homeowners and for oversight authority of the bailout program. Some lawmakers also said they did not want to be rushed into approving extraordinary new powers for the Treasury secretary and the government without full consideration of the consequences.

On Sunday, Mr. Paulson defended the plan and the administration’s decision to expand it to protect foreign companies and authorize even wider latitude to buy assets other than those that were backed by mortgages.

Representative Barney Frank, the chairman of the House Financial Services Committee, put forward the Democrats’ proposed changes to the administration’s plan. They would give the Treasury secretary the authority to set “appropriate standards” for compensation of senior executives whose companies sell troubled assets to the government.

Under a so-called claw-back provision, the secretary would have the power to force companies to recoup previous payments to executives of companies involved in the program. And Mr. Frank’s plan would give broad authority for the Government Accountability Office, an investigative arm of Congress, to audit and oversee the program.

Senator Jack Reed, Democrat of Rhode Island, has proposed a provision that would grant the government warrants to purchase stock in companies that participate in the bailout plan, so that taxpayers might be able to profit should the firms flourish after selling their bad debts to the government.

[Zarathustra]

R,

What's your take on those quotes?

[Rocky_Shorz]

Originally Posted by Zarathustra

R,

What's your take on those quotes?

Jack Reed's plan is a must have...

Paulson should have his nuts cut off for his proposal to bail out everything, this is for mortgage protection, investors making bad moves should suck it up.

I think capping top Salaries and taking back income is a definite, for the crooks that made this mess.

[Zarathustra]

Bob Chapman's latest article, a must read to understand what is going on here....

http://www.theinternationalforecaste..._Market_Crisis

Half a Trillion Bailout For The Creators of the Market Crisis
Posted: September 21 2008


US Mortgage bailout at half a trillion, Loss of confidence means end of credibility in the markets. Phony wars, phony values in real estate will cost all of you, financial companies bought out, power consolidated in financial markets, Gold on the rise, stock markets as volatile as a drunken sailor, why are the markets rallying after the big bailout


We recoil in disgust at the way these arrogant sociopaths, the henchmen of the Illuminati at the Fed and in our Treasury Department, led by Bernanke and Paulson, respectively, are taking the toxic waste losses of the Wall Street fraudsters and dumping them on the taxpayer sheople, while short-squeezing savvy investors by selectively prohibiting and prosecuting shorts of any kind for the stocks of about 800 financial institutions through early October, which all deserve to be shorted. Between the Byzantine dollar rally, the Saudi crude oil assassination, the peppering of precious metals by pernicious paper-hangers (wasn't Adolf Hitler a paper-hanger at one time?) and the short-squeeze on financials, we wonder how many more hedge funds are going to go under, and take everyone else with them in the process, as Lehman gets cannibalized just in time to rack up mark-to-market losses for the sheople to eat in the latest bailout bonanza for the fraudsters, soon to be revealed as the Resolution Trust Company II solution?



Bailing out the toxic mortgages found among the half of US real estate mortgages held or guaranteed by Phonie and Fraudie, some 5+ trillion worth, was not enough for them. Now, they want to pawn the rest of the toxins from the other half of US mortgages, which they estimate will be about a half a trillion. Gee, didn't they tell us the Iran War would cost 60 to 200 billion, only to find out later that when you add in future costs for veteran's disabilities and pensions, the cost could top 3 trillion? And didn't Bernanke tell us that the fallout from the subprime situation was contained? Of course, that was before we saw fraudsters around the world eat $350 billion and counting. And didn't all the fraudster CEO's keep telling us that their walking dead zombie companies were sound and liquid right up to the time that their shareholders got vaporized? Aren't you starting to get a little tired of all the lies? Can we trust even a single word spoken by anyone from Wall Street, the Fed or our "beloved" Treasury Department anymore? The Street, the Fed and our government now have ZERO credibility. This loss of confidence is going to take the markets down no matter what these reprobate and sociopath elitists do.



You will eat multiple trillions of dollars from each of the following: (1) The phony War on Terror; (2) the loss in real estate values caused by record inventories that will be created by defaults and foreclosures resulting from rampant unemployment, loan fraud, over-leveraged consumers and ARM and Option ARM resets; (3) the combined bailout of Fannie's and Freddie's share of the toxic waste contained in the approximately half of all US mortgages which these cess pools have made or insured, plus the losses from the Resolution Trust Company II bailout of the toxic waste from the remaining half of US mortgages; (4) the shortage in the FDIC's insurance reserves that will be generated by losses incurred on account of what will be anywhere from 1,000 bank failures, as suggested by billionaire Wilber Ross, to perhaps as many as half of all banks in the US, as recently suggested by Ken Lewis, CEO of Bank of America; (5) the PBGC's funding shortage to cover losses suffered by pension plan beneficiaries on account of pension under-funding caused by what will be the loss of as much as half of the value of all US equity shares; (6) the bailouts likely to occur when the credit default swaps and interest rate swaps, along with the entire bond market, go under in what will be the greatest bear market of all time in both bonds and derivatives, which are guaranteed to occur based on the hyperinflation that will be caused by all the other bailouts just listed, as well as by our continually burgeoning budget and trade deficits, the resulting double digit interest rates which will become necessary in order to combat inflation and to properly reward risks, which are about to escalate in astronomical fashion, and to attract foreign investment, which will soon drop to nil based on negative rates of return; (7) the loss in purchasing power due to hyperinflation generated by 1 through 6 above; and (8) the new wars for profit that will be started in order to restart our vaporized economy in the wake of the death and destruction caused by 1 through 7, above, and you can also add in the costs associated with potential social unrest and revolution that are almost certain to occur. When number 6 above comes to fruition, the entire world economy will implode and go into deep depression. None will escape the coming juggernaut of losses when the glowing, quadrillion dollar Derivative Death-Star goes supernova. The entire world economy will get sucked into the resulting financial black hole.



The Resolution Trust Company II will be rammed down the throats of Congress, just like (1) the Federal Reserve Act that has been used to inflate the middle class out of its wealth by imposing a stealth tax which is used to fund profligate government spending and enrich private banker's with their debt-based fractional reserve system of banking; (2) the passage of the US Income Tax, which is used to enslave and impoverish US citizens and to ensure payment of the US Treasury's debt to the Federal Reserve on its treasury paper; (3) the repeal of the Glass-Steagall Act by the Gramm, Leach, Bliley Act, which is what paved the way for the speculation, fraud and conflicts of interest that always arise when commercial banks and investment banks are allowed to be merged under one entity, as we just saw happen with Bank of America when it bought out Merrill Lynch, and this poisonous piece of legislation is what allowed the Illuminist bankers to pawn off the toxic waste which their investment banking division created for its investment banking clients, after getting fraudulent AAA ratings from the ratings agencies, on their hapless, sucker-dupe commercial banking clients; (4) the passage of the toxic Commodity Futures Modernization Act, which freed the then fledgling OTC derivatives market, including credit default swaps and interest rate swaps, from the regulatory power of both the SEC or the CFTC, leading to an out-of-control, unregulated, under-collateralized, quadrillion dollar volcano of smoldering, molten risk that no one understands in terms of its scope, its interrelationships and its counterparty risks, and now these financial weapons of mass destruction threaten the worldwide financial system; (5) the passage of the Iran War resolution based on Bush Administration lies regarding Saddam Hussein's supposed weapons of mass destruction and involvement in 911, which has led us into yet another bloody war for profit under the guise of security, democracy and freedom, and which has resulted in the killing of millions of Iraqi civilians and thousands of our soldiers (move over Hitler, Mao and Stalin, the Illuminati and their neocon henchmen are just getting warmed up as they take their shenanigans to the Balkans); (6) the approval of both Patriot Acts to help us fight the evil Osama Bin Laden and the phony "War on Terror" while dismantling our Constitutional rights; (7) the approval of the Military Commissions Act which makes all dissenters into "enemy combatants" and takes away their right to habeas corpus; (8) the passage of the John W. Warner Defense Authorization Act of 2006, which repeals Posse Comitatus, meaning that our military forces can now be used against our own citizens for the first time in our history, and contrary to our Constitution; and (9) the Fannie and Freddie bailout, which was just authorized so the fraudsters can dump their slime on taxpayers in a futile attempt to save their precious system of Ponzi-schemes and insider trading which is becoming unraveled right before their eyes. This is why all incumbents, except for Ron Paul, must be voted out in November.



The House Finance Committee, headed by Rep. Barney Frank, and the Senate Finance Committee, headed by Sen. Christopher Dodd, will give it their usual Boo-Boo, response: "I don't know, Yogi," in order to give the clueless sheople the appearance that they are going to protect taxpayers from the slimy bankers, when the reality is, it is already a done deal and has been planned long in advance, probably for many months, if not years, just like the Patriot Acts. What you are seeing happen right before your eyes is the revenge of the Illuminati for the passage of the Glass-Steagall Act. Not only have they repealed that act, but now they have reverted our system back to the way it was when the Stock Market Crash of 1929 occurred. This is why Bank of America jumped all over Merrill Lynch, and why you are hearing continual overtures for Goldman Sachs and Morgan Stanley to do the same, with claims that their business models are flawed. The fane-stream media now tells us that we need such combinations to give our financial institutions greater strength and staying power in the face of a crisis, when it is such combinations that are responsible for creating the crisis in the first place. This is the classic Hegelian Dialectic on steroids: first create the crisis, and then propose the predetermined solutions, stuffing them down everyone's throats, if necessary. If you want to see institutions that will automatically be deemed to be too big to fail the next time they defraud the public, just check out the gargantuan financial behemoths that will emerge out of the current crisis!



Note how this was all set up. First, all the legislation was put into place. Then the system is brought into a crisis situation, which was easily accomplished through deregulation, in order to propel us into a situation where the Illuminists are allowed to consolidate their power with the full blessing of the dopey sheople. Note how Bear Stearns was assassinated just before the Fed opened up its Primary Dealer Credit Facility and its Term Securities Lending Facility, which could have saved BS. They arranged to have BS's clients abandon them and withdrew BS liquidity and credit, and down they went, payback for not helping in the LTCM bailout and for not joining the Illuminist club. Then they string out all the other big commercial and investment banks, to see which ones would turn out to be the keepers, because the carnage was so bad and so widely spread that no one could tell which of the big commercial and investment banks might survive, if any. They needed time to figure out who the survivors would be. Hence, all the desperate bailouts dripping with moral hazard were made to keep them all afloat while they were attempting to make this determination. They decide to let Lehman fail because their condition is irredeemable and it looks like criminal charges may come up at some point due to shenanigans that management committed against their employee's pension money, making them a hot potato. They pair up Bank of America with Merrill Lynch, and we see JP Morgan Chase and possibly Wachovia pairing up with Goldman Sachs and Morgan Stanley, respectively. Wachovia and Morgan Stanley are already in talks for a merger. AIG is being preserved to see if they can be fit into the consolidation scheme once all their problems have been sorted out.



To support the survivors, they then announce the Resolution Trust Company II bailout, kill all shorting of over 800 financial companies, and then spew out money and credit throughout the international banking system in amounts that are nothing short of spectacular. This is an outrageous, unbelievable, unprecedented consolidation of power, which flies in the face of free markets and paves the way for an ever-burgeoning corporatist, fascist police state. Hanky Panky wants to give the Fed sweeping regulatory power over this new group of behemoths who will control everything, while occasionally allowing crumbs to fall off their table for the little guys to gobble up. And there will be far fewer of the little guys to worry about after the carnage in the banking sector has finally ceased.



This is not a sure thing for them. The fraudsters remaining, even the big guys, could still fail, that is how bad this situation has become. The Illuminati are quaking with terror that they have overdone things and that they could end up destroying the whole system irreparably. That is why we are having all these bailouts stuffed down our throats.



Gold and silver went on a moon shot this week, with gold setting a new all-time record for a one-day increase in value. That is what happens when you keep pressing on the lid of a pressure cooker, trying to keep boiling, molten precious metals from escaping. Aiding gold and silver was the unraveling of longs in the USDX futures market, who were forced to cover because they had pushed the dollar up as far as it could go. Suddenly, the 93,701 contracts of open interest on Tuesday were reduced to 52,872, being cut virtually in half. That means the dollar rally is over and the ever more desperate bailouts are going to undermine confidence in the dollar. Soon, all these trillions in bailouts may lead to a downgrade of our treasuries, as our debt load will soon reach unsustainable levels, no matter how much the PPT tries to manipulate the markets. The stupidest dolt should be able to figure out that much.



The stock markets are shooting up and down with unprecedented volatility, bobbing and weaving like a drunken sailor as the PPT tries to fight the gravity created by the financial black hole created by the collapse of the Bailout Death-Star and the total lack of confidence of market players who are finally starting to realize that CEO's, Treasury Secretaries and Fed Chairmen are little more than pathological liars, and that the markets are rigged in ways that make China and Russia green with envy. Look at the condition of the Russian and Chinese stock markets, which are being vaporized, compared to ours, which has been placed in a state of suspended animation by the PPT anti-gravity machine. Hey Russia, and China, take some notes. We'll show you what it means to be a died-in-the-wool Marxist/Communist state! And we lead by example, so pay attention. Remember, the satanic trillionaires that run our command economy from behind the scenes are the ones who set you up and financed you. They are the true masters of Communism and Marxism! You guys are amateurs!!!

Do you really think the markets are rallying because everyone is impressed with the new string of bailouts? All the pros know where this is leading us, and they are de-leveraging. If you want to know why the markets are rallying, besides tens of billions of dollars being unleashed from the repo pool for insidious and in-your-face manipulations, check out the yen. At 9 am on the 16th, it was super yen, at 103.650 yen per dollar and 147.592 yen per euro. Now suddenly, despite the dollar crash, the yen has wimped out, and as of 2:25 pm on Friday, it stood at 107.065 against the dollar, and at 154.653 against the euro. Rally mystery solved. Let's get ready to rumble!!!

The members of Pink Floyd become prophets for America. Thanks to all the Illuminist lies the sheople have been injected with, the Goldilocks Matrix remains in tact. Yes indeed, you have all become "comfortably numb.


"O.K.
Just a little pinprick.

There'll be no more aaaaaaaaah! But you may feel a little sick.
Can you stand up? I do believe it's working, good. That'll keep you going through the show

Come on it's time to go.

There is no pain you are receding

A distant ship, smoke on the horizon.

You are only coming through in waves.

Your lips move but I can't hear what you're saying.

When I was a child

I caught a fleeting glimpse

Out of the corner of my eye.

I turned to look but it was gone

I cannot put my finger on it now

The child is grown,

The dream is gone.

I have become comfortably numb."

Group: Pink Floyd; Album: The Wall; Song: Comfortably Numb
We hope and pray that the dream is not yet gone, and that Americans get a fleeting glimpse of our former glory and greatness, and that they wake up and stop allowing these scum-bags to have their way with them.



RIP Richard Wright

[idunno]

M - Daddy Cool

[Zarathustra]

The $700 Billion Bailout: One More Weapon of Mass Deception

By Richard W. Behan, AlterNet. Posted September 22, 2008.



The American economy needs help, but there are other, far more equitable ways to accomplish it.
Not since the Bush administration's lies about Iraq's "weapons of mass destruction" have the American people been so despicably misled.

The Bush administration's proposal to buy, with taxpayers' money, $700 billion of toxic liabilities from the corporate financial titans of Wall Street is a fraud. It is by no means necessary, as Treasury Secretary Henry Paulson claims in the agency's Fact Sheet, "to promote market stability, and help protect American families and the U.S. economy."

It is necessary only to assure the financial survival of Wall Street banks and brokerages, the administration's most loyal supporters and its greatest political contributors -- and in large measure the cause of the financial meltdown the country is facing...

http://www.alternet.org/workplace/99707

[Rocky_Shorz]

Well speaking from the bloodline of Washington...

It's time for a Tea party!!!

[Zarathustra]

Originally Posted by Rocky_Shorz

Well speaking from the bloodline of Washington...

It's time for a Tea party!!!

A f#$%ing men !!

[Rocky_Shorz]

Gold and Silver are spiking up, I guess we know the answer to what investors think of this bailout...

Silver is up a Buck since I bought back in on Friday...

[idunno]

Odd Timelines?

Even and Odd Numbers

Another Timeline Oddity....

[RubyTuesday]

Originally Posted by idunno

Odd Timelines?

Even and Odd Numbers

Another Timeline Oddity....

I don't normally visit GLP but that timeline thread just blew my mind. Thank you for sharing that- lots to think about.

[vettman]

From Stewart Swerdlow's "Illuminati News" section:

September 22, 2008
USSA

Last night, the US government in effect, nationalized the financial investment system. This was done on a Sunday night, quietly, like the Nazis and Soviets used to do.

This means that the US government is now in control of all the money in America. This makes it quite simple to introduce the Amero, the new money, when the time comes.

Next, the automotive industry and then the airlines will all be nationalized. Welcome to the United Socialist States of America-USSA.

[Rocky_Shorz]

I like the new layout, it should help in keeping the areas straight in where we should be posting.

Now that the agreement is being reviewed, what is everyone thinking?

Does anyone think it will ever pass, I see the trenches building already.

Much of what I was thinking to make it viable is already agreed upon...

World markets are ruffled seeing it isn't a blanket bailout covering them too...

[RaKaR]

Hi Rocky_Shorz,

I don' t think there is much wrong about socialism or rather a social oriented policy, as long as it remains righteous, open and in the best interests of the People.

What should actually matter is the agenda behind the steps being mentioned.

Do you know something about that?

Regards,

RaKaR
www.futureofmankind.co.uk

[Greg10036]

Originally Posted by Zarathustra

(2) entering into contracts, including contracts for services authorized by section 3109 of title 5, United States Code, without regard to any other provision of law regarding public contracts;
(3) designating financial institutions as financial agents of the Government, and they shall perform all such reasonable duties related to this Act as financial agents of the Government as may be required of them;

Sec. 5. Rights; Management; Sale of Mortgage-Related Assets.

(a) Exercise of Rights.—The Secretary may, at any time, exercise any rights received in connection with mortgage-related assets purchased under this Act.

The American citizen has the right of free angency guaranteed by the US Constitution. Free agency is the ability of ANY citizen to make and break contracts at will. This bill undermines constitutional rights and erases personal property rights, the right to ownership, in America. All mortgages would be owned by government with technically a permanent lease on any American property to which government holds the mortgage (which will be most in the country.)

The loss of free agency would go beyond the bounds of just the mortgage scam. Employee negotiations with corporates would cease to exist and a true form of corporate slavery would ensue, with associated less wages than people are already making and more hours required on the job. Job safety would decline.

America is designed as a constitutional republic and is now on the verge of becoming a true social democracy. Even if this thing goes through, it cannot last long. We are not just ending an era, but an age. After ten thousand years, our avenue of exchange (money) is over. Our methods of creating energy the way we have for the last 200 years is over. Energy and Exchange, the two Big E's. This is a painful period we are going through, from one age into another. We are about to leave puberty and enter young adulthood. We are getting ready to join the Galactic Neighborhood. Keep the faith. Take care of yourself and your family as best you can. Ask your guardian angels to protect you. Love and Peace.
Greg

[Greg10036]

Originally Posted by vettman

This means that the US government is now in control of all the money in America. This makes it quite simple to introduce the Amero, the new money, when the time comes.

I have read several economists writings and they are saying that because of the simultaneous trashing of the Canadian dollar and Mexican Peso, government might have to use the International Money Fund SDR as a default form of exchange. Here is an excerpt from Wikipedia defining the SDR:

"Special Drawing Rights (SDRs) is a potential claim on the freely usable currencies of International Monetary Fund members. SDRs have the ISO 4217 currency code XDR.

SDRs are defined in terms of a basket of major currencies used in international trade and finance. At present, the currencies in the basket are the euro, the pound sterling, the Japanese yen and the United States dollar. Before the introduction of the euro in 1999, the Deutsche mark and the French franc were included in the basket. The amounts of each currency making up one SDR are chosen in accordance with the relative importance of the currency in international trade and finance. The determination of the currencies in the SDR basket and their amounts is made by the IMF Executive Board every five years."

[RaKaR]

Thanks Greg, well said!

I guess, we shall go back to the basic Human Values, adapt of extinct.
Anyway, it could not keep on going the way it has been going; the resources of Mother-Earth are not endless - specially with regard to the ways we have been misusing them.
The poor, but magnanimous thing, is sick, hurt and disappointed by us, Humans and our irresponsible behavior.

When one thinks that it is the only Home we got!

Regards,

RaKaR
www.futureofmankind.co.uk