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  World Economy headed for a train wreck? (Page 2)

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Topic:   World Economy headed for a train wreck?

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Mech
Commitees of Correspondence


The Minuteman State
6126 posts, Jun 2001

posted 04-10-2004 12:19 PM     Click Here to See the Profile for Mech   Visit Mech's Homepage!   Edit/Delete Message   Reply w/Quote
100% WRONG Letxa.

"Free Trade" is NOT FREE whatsoever in it's present form. Its designed to NUKE a nations democratically enacted sovereign laws to favor corporations. Yes Corporate law above national sovereignty. This is the very DEVIOUS nature of NAFTA/GATT/WTO and the like.

All a company has to do is complain to the WTO if another country say...fails to privatize their schools, fails to privatize their postal service, fails to lower their environmental and labor safety standards...these CORPORATE DICTATORS can complain to the WTO and IMPOSE SANCTIONS on said county.

That AINT "Free" trade. Thats FUEDALISM. Corporate Dictatorship.

By the way...if you want to live in a 3rd world countrty...STAY THERE. Don't bring that $#!+ into MY country. Tell Fox to go shove his Re-Conquista policies right up his @$$.

If you REALLY wanted "free" trade...take it out of the hands of CORPORATE DICTATORS that are out for MONEY AND POWER no matter what the cost...national sovereignty and workers rights be damned.

The present FREE trade system is set up to turn the world into a CORPORATE DICTATORSHIP..where corporations DECIDE ALL and the "little people" have to scramble for who will work for the LOWEST WAGE.

But keep living in your freaking economic fantasy bubble for all I care. I will oppose and fight it every step of the way for what the WTO/NAFTA/GATT/FTAA REALLY is.

FUEDALISM.Look it up sometime.

Theses internationalists are TRAITORS to their own countrymen. They want EVERYTHING.

[Edited 2 times, lastly by Mech on 04-10-2004]

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Mech
Commitees of Correspondence


The Minuteman State
6126 posts, Jun 2001

posted 04-10-2004 01:19 PM     Click Here to See the Profile for Mech   Visit Mech's Homepage!   Edit/Delete Message   Reply w/Quote
Reasons Why Jobs Are Going Overseas -- NAFTA !!!!!

By Harsha Sankar

From: WETHEPEOPLE_UNITED@yahoogroups.com

Dear Citizen,


Since NAFTA was passed in 1994, 7.8 million jobs have been lost in the manufacturing sector. This onerous agreement should be renamed the Nothing About Free Trade Agreement because it severely curtails competitive free trade. It did hardly anything in just reducing tariffs, quotas, and streamlining procedures. The American worker(scientist-engineer to manual/menial laborer) is still the most productive in the world.Statements citing cheaper labor as the chief reason for this job exodus are merely cop-outs made by the status quo. France and Germany, two premier high-wage nations, greatly increased its trade with other less-developed European countries in 1985 since the formation of the Common Market. Their economies each have since doubled, with the standard of living increasing accordingly.

NAFTA is an 1800 page agreement which, while extremely fertile for U.S.corporate attorneys, bureaucrats, and financial capitalists, is a nightmare for U.S. businesses, investors, and employees. When Americans are burdened by such voluminous and vague regulations and other nations are not, it does not take a scholar to conclude who benefits and who do not. People are fed up with these games.

The greatness of American business icons such as Henry Ford and Bill Gates is they took something which is naturally very complex and incorporated their innovations to simplify it so that nearly everyone can access, utilize, and directly benefit from these scientific technologies. Because of them, driving and computer use is common. Yet our legal system does the reverse so that only the legal profession and their beneficiaries hold the keys to power. Why are tax laws, health- care laws, and laws governing finance so incomprehensible, written with inane jibberish and jargon? Because if laws were few and simple, Americans would not be forced to pay for the mammoth banking, healthcare, corporate, education, and government bureaucracies?

If the laws were uniform and not subject to total metamorphisis and mutations by lawyer dominated governance, stock exchanges, boards of trade, the accounting profession, insurance,companies, healthcare-providers, real estate, lendinginstitutions, brokerage firms,"economic development organizations", and other marginalists could not command such the huge sum of wealth from the productive sectors of society. The bar associations, although cloaked as eagles by themselves, Hollywood, and our miseducation systems, are merely vultures. They have a vampiric effect in that they convert productivity into the forces of parasitism and regression. Unfortunately, as they continue to multiply, so do their feeder industries who rely on such needless formalities so they can carve a bigger share of the pie for themselves. All this does is increase the cost of living for all. 1.7 million more Americans dipped into poverty this past year. According to the P.B.S. McNeil/ Lehrer Report, real unemployment is 18.6%. The infrastucture is in dire need for reinvestment to at least 1.3 trillion dollars as cited by the AP over a year ago. Yet we have lawyers demanding 55 million dollars in the Credit Card suit and incredibly 6
million USD involving California energy companies and their customers for price-gouging and fixing during its brownouts. This at the very least is the kettle calling the pot black.

Americans need to quit watching trash tv shows and should be charged to focus its attention on this broad issue. That is purging the poisoners of our land by working individually and in unison for the emancipation of labor and wealth-creation from the oppression of the aristocracy.

Very Truly Yours,

Harsha Sankar

201 Interstate Drive

Covington,Virginia 24426

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Mech
Commitees of Correspondence


The Minuteman State
6126 posts, Jun 2001

posted 04-10-2004 01:22 PM     Click Here to See the Profile for Mech   Visit Mech's Homepage!   Edit/Delete Message   Reply w/Quote
From: http://www.latimes.com/business/la-fi-jobs29dec29,1,6261515.story?coll=la-home-business

THE NATION
Jobless Count Skips Millions
The rate hits 9.7% when the underemployed and those who have quit looking are added.

SAN FRANCISCO - Lisa Gluskin has had a tough three years. She works almost as hard as she did during the dot-com boom, for about 20% of the income.

When Gluskin's writing and editing business cratered in 2001, she slashed her rates, began studying for a graduate degree and started teaching part time at a Lake Tahoe community college for a meager wage.

It's been a fragmented, hand-to-mouth life, one that she sees mirrored by friends and colleagues who are waiting tables or delivering packages. In the late '90s, the 35-year-old Gluskin says, "we had careers. We had trajectories. Now we have complicated lives. We're not unemployed, but we're underemployed."

The nation's official jobless rate is 5.9%, a relatively benign level by historical standards. But economists say that figure paints only a partial - and artificially rosy - picture of the labor market.

To begin with, there are the 8.7 million unemployed, defined as those without a job who are actively looking for work. But lurking behind that group are 4.9 million part-time workers such as Gluskin who say they would rather be working full time - the highest number in a decade.

There are also the 1.5 million people who want a job but didn't look for one in the last month. Nearly a third of this group say they stopped the search because they were too depressed about the prospect of finding anything. Officially termed "discouraged," their number has surged 20% in a year.

Add these three groups together and the jobless total for the U.S. hits 9.7%, up from 9.4% a year ago.

No wonder the Democratic presidential candidates have seized on jobs as a potentially powerful weapon.

Howard Dean criticized President Bush for "the worst job creation record in over 60 years." Richard Gephardt said that "I have three goals for my presidency: jobs, jobs, jobs." John Kerry said "the first thing" he'd do as president would be to fight his "heart out" to bring back the jobs that have disappeared in recent years.

Bush, meanwhile, is quick to seize credit where he can. When the unemployment rate for November fell one-tenth of a point, he went out immediately to give a speech at a Home Depot in Maryland.

"More workers are going to work, over 380,000 have joined the workforce in the last couple of months," Bush said. "We've overcome a lot."

A number of economists say it's a mistake to evaluate the job market solely by talking about the official unemployment rate. It's a blunt instrument for assessing a condition that is growing ever more vague.

"There's certainly an arbitrariness to the official rate," says Princeton University economics professor Alan Krueger. "It irks me that it's not put in proper perspective."

On Jan. 9, when the rate for December is announced, both Republicans and Democrats will assuredly again maneuver for advantage - precisely because the number isn't expected to change much.

"At this point, where we don't know which way it's going but it isn't likely to be going far, both sides will try to use it," says Michael Lewis-Beck, a political scientist at the University of Iowa.

In every election since 1960, the party in the White House lost when the unemployment rate deteriorated during the first half of the year. If the rate improved, the party in the White House won.

That's not a coincidence, says Lewis-Beck, who has edited several volumes on how economic conditions determine elections. "People see the president as the chief executive of the economy," he says. "They punish him if things are deteriorating and reward him if things are improving."

By any normal standard, things should have been improving on the employment front long before this point. More than 2 million jobs have been lost in the last three years, a period that encompassed a brief, nasty recession and a recovery that was anemic until recently. Even in the best-case scenario, Bush will end this term with a net job loss. That hasn't happened to a president since Herbert Hoover at the beginning of the Depression.

Many economists are mystified about why a suddenly booming economy is producing so few jobs.

"We're all sitting there and saying, 'When are they going to return?' " says Richard B. Freeman, director of the labor studies program at the National Bureau of Economic Research. "It's looking a little better, but we don't understand why it isn't looking a lot better. Why shouldn't Bush be sitting there saying, 'Man, I'm sitting pretty. This is a great boom'?"

One statistic proving particularly perplexing is the percentage of the adult population that is employed. This number rises during good times, as people are lured into the workforce, and falls during recessions as companies falter.

True to form, the percentage of adult Americans with jobs dropped from a high of 64.8% in April 2000, just as the stock market was cresting, to 62% in September - the lowest level in a decade. If past recessions are any guide, those 5 million people who found themselves jobless should have driven the unemployment rate up to about 8%.

Instead, the rate never went much above 6%.

"More than half of the additional people who would have reported themselves as unemployed in a previous big recessionary period . aren't," a puzzled UC Berkeley economist, Brad DeLong, wrote on his website. "They're reporting themselves as out of the labor force instead."

"Out of the labor force" means you're not working for even one hour a week and don't want to, either. It's the traditional category for students, married women with young children, flush retirees and idle millionaires.

A new way that people seem to be joining this category is by getting themselves declared disabled. This designation makes them eligible for government payments while removing them from the unemployment rolls.

>From 1983 to 2000, economists David Autor and Mark Duggan wrote in a recent study, the number of non-elderly adults receiving government disability payments doubled from 3.8 million to 7.7 million.

The scholars present a case that the sharp increase isn't because the workplace suddenly became more dangerous. Instead, it has been prompted by liberalized screening policies, which make it possible to claim disabled status for, say, several small impairments as opposed to one big injury. Government examinations also have been downplayed in favor of the disabled's own medical records and the pain he or she claims to be experiencing.

At the same time, benefits have been sweetened. As a result, millions of individuals who lost jobs now have an attractive - and permanent - alternative to searching for work.

Autor and Duggan concluded that if disability payments weren't so appealing, many more people would be unemployed, boosting the jobless rate two-thirds of a point.

Another way in which people forgo an appearance on the unemployment rolls is if they decide to go into business for themselves. There are 9.6 million people who say they are self-employed full time, a number that rose 118,000 last month. Without the recent increase in self-employed, the jobless number would look much worse.

Many others may be working for themselves part time, temporarily, as a way to get food on the table in the absence of better options.

Take Steve Fahringer, who until recently was working for a Bay Area marketing agency that cut 20% of its employees and trimmed the wages of the remainder by 20%. Fahringer didn't particularly like his job. Because the recession supposedly was history, he thought he could find a new position. The 34-year-old didn't think it would be easy, but he thought it possible. So he quit.

"I left July 1," he says. "I haven't found a new job yet."

It's a common problem. The segment of the labor force that has been jobless for more than 15 weeks has risen nearly 150% since 2000. The current level is the highest since the recession of the early 1990s. Nearly one-quarter of the jobless have been unemployed for longer than six months.

In Fahringer's case, he spent some time aggressively looking for a job, which made him part of the official July unemployment rate of 6.2%. Then he stopped looking, which meant that he was one small reason the rate started going down.

Instead of unemployed, Fahringer was classified as "discouraged." A little more than 8% of the people who want a job in the Bay Area are estimated by the Bureau of Labor Statistics to be discouraged, slightly higher than Los Angeles/Long Beach but lower than the battered technology center of San Jose.

Discouraged workers have never been included in unemployment rates, although they came close the last time a commission met to reform the system, a quarter of a century ago. "It was a very hot issue," remembers Glen Cain, a retired economist who was a commission member. He says the conservatives on the panel, who felt that anyone who really wanted a job should be out there hustling no matter what, prevailed.

Fahringer found an alternative way to earn a bit of money. He did some acrylic paintings, which he sold for a total of $1,000. He calls himself "a hobbyist," which means for a while he moved out of the labor force entirely.

Now he's a temp, assigned by his agency to a nonprofit office. For the first time in six months, he's working 40 hours a week. By the government's accounting, he has once again joined the ranks of the employed. But from the standpoint of his wallet, Fahringer is worse off: He's earning less money, with no paid holidays, no sick leave, no pension plan, no health insurance, no future.

The Economic Policy Institute, a liberal-leaning Washington think tank, says Fahringer's situation is in many ways typical. The industries that were expanding in the late '90s, including computer and professional services, paid well.

Those industries are in retreat. So is manufacturing, a traditional source of high wages. On the rise, meanwhile, are lower-paying service jobs.

During the boom, it was easy to trade up. Now it's just as easy to trade down.

Fahringer's solution: Opt out.

"I'm thinking of going back to school," he says. "I'd take out a loan." That would put him out of the labor force again.

In some eyes, a nation of burger flippers, temps and Wal-Mart clerks isn't the worst scenario for the economy. The worst is that companies continue to eliminate jobs faster than they create them, setting up a game of musical chairs for the labor force.

That prospect alarms Erica Groshen, an economist with the Federal Reserve Bank of New York. "If you plot job losses versus gains on a chart, it's shocking," she says.

Losses are running at about the same rate they were in 1997 and 1998, two good years for the economy. But job creation in the first quarter of 2003 - the most recent period available - was only 7.4 million, the lowest since 1993.

"If this goes on too long, you'd have to worry there's something fundamentally wrong," Groshen says. Although the economy has picked up since March, "so far I haven't seen anything that suggests job creation is picking up."

That bodes poorly for Ian Golder. His last full-time job was with a start-up publication that wrote about venture capital.

Two years ago, Golder was laid off. It was the first time since he graduated from UC Berkeley 14 years earlier that he didn't have steady work.

Golder looked for a while, gave up for a while, then landed a contracting gig with no benefits proofreading for a chip maker. When that ran out, he worked 20 hours a month on a financial services newsletter.

His wife, Heather, a recent graduate in English from UC Davis, also was without a job. They thought about selling their house in Sacramento and moving, but prospects didn't look any better anywhere else. To make ends meet, they took in two boarders.

At the beginning of December, things seemed to improve a bit. Golder got a job in the document-control department of a medical devices company. The department, he was told, used to have 20 full-time people. Now it has five, plus four temps.

The job will last two months. After that, who knows?

"Optimists say things will be better then," Golder says. "But a full-time position with benefits seems pretty remote."

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letxa2000
Senior Member

U.S. citizen in Mexico
588 posts, Apr 2002

posted 04-10-2004 01:26 PM     Click Here to See the Profile for letxa2000   Visit letxa2000's Homepage!   Edit/Delete Message   Reply w/Quote
quote:
Mech: "Free Trade" is NOT FREE whatsoever in it's present form.

Please re-read my previous post with special attention to the caveat.

quote:
Its designed to NUKE a nations democratically enacted sovereign laws to favor corporations. Yes Corporate law above national sovereignty. This is the very DEVIOUS nature of NAFTA/GATT/WTO and the like.

That's your opinion, not fact. I haven't seen any evidence that there is an intentional effort by corporations (or those who support corporations) to intentionally subvert national sovereignty in favor of "corporate control."

quote:
All a company has to do is complain to the WTO if another country say...fails to privatize their schools, fails to privatize their postal service, fails to lower their environmental and labor safety standards...these CORPORATE DICTATORS can complain to the WTO and IMPOSE SANCTIONS on said county.

They can complain all they want. The WTO can also reject those complaints if they find them to not be valid and rational complaints.

quote:
That AINT "Free" trade. Thats FUEDALISM. Corporate Dictatorship.

That's not fact, it's not fuedalism. It's paranoia.

quote:
By the way...if you want to live in a 3rd world countrty...STAY THERE. Don't bring that $#!+ into MY country.

Don't bring WHAT $#!+ into "your" country (which is MY country too, BTW)? It's clear you don't have a clue what you are talking about. It would seem you can't see beyond the horizon of your own town, maybe your own state or your country and you seem to put more importance on where I currently live than on what I say. This, too, is sad, and suggests your concerns are more based on xenophobia and a fear of change than real threats based in reality.

quote:
Tell Fox to go shove his Re-Conquista policies right up his @$$.

Oh don't start up with that "reconquista" B.S. again which is so much nonsense it's humerous to see people even talk about it. Again, I've only seen it talked about in any serious way by fringe people here in this forum. No-one in Mexico even talks about it and would find the concept as laughable as I do. They blame their dictator Santa Anna (who they exiled various times) for the loss of that land. And most of them don't even seem to know that they lost the Mexican-American war. They seem to have been taught that they won and sold the land to the U.S. For that whole "reconquista" thing to be true the Mexican population would at least need to believe it was unfairly taken from them which is hard to believe when they believe they willingly sold it!

Again, it seems you suffer from xenophobia rather than any rational fear of anything real.

quote:
If you REALLY wanted "free" trade...take it out of the hands of CORPORATE DICTATORS that are out for MONEY AND POWER no matter what the cost...national sovereignty and workers rights be damned.

That's a different issue. Free trade is one thing. If you think corporations have too much influence on our politicians (I agree), then do something about campaign finance reform. Or maybe term limits. But you're mixing two different concepts here. Free trade is inevitable. That corporations have unacceptable levels of influence on our politicians is NOT inevitable.

As I was driving back from Colorado a week ago I was listening to some talk radio as I drove through Texas (nothing else to do!) and I heard an interesting idea. Pay senators and representatives some ungodly amount, such as $50 million/year, and limit them to one term. They'd be earning too much money to be susceptible to bribing on a wide-scale basis and since they couldn't be reelected they'd just do the job of the people, not the job of getting reelected. I believe he said that the cost of doing this would be less than the Department of Agriculture or something like that, but what a small price to pay for politicians that are interested in US, not corporations. There are probably holes in the idea, but it certainly sounded interesting.

quote:
The present FREE trade system is set up to turn the world into a CORPORATE DICTATORSHIP..where corporations DECIDE ALL and the "little people" have to scramble for who will work for the LOWEST WAGE.

There's no proof of that. It would be counterproductive for the profits of the corporations themselves, it's an "us against them" mentality, and is paranoid.

quote:
Theses internationalists are TRAITORS to their own countrymen. They want EVERYTHING.

Basically it seems that anyone that disagrees with your view of how the country, world, and economy should be are "traitors." Actually, they just disagree with you and don't suffer from the same level of xenophobia as you do.

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Mech
Commitees of Correspondence


The Minuteman State
6126 posts, Jun 2001

posted 04-25-2004 04:38 PM     Click Here to See the Profile for Mech   Visit Mech's Homepage!   Edit/Delete Message   Reply w/Quote
INFLATION IS UP

GOVERNMENT POWER AT AN ALL TIME HIGH

LOSS OF LIBERTY

and NOW.....
http://truth.5u.com/custom2.html


The Real Story of the Money-Control Over America

Why is it that Americans, living in what is called the richest nation on earth, seem always to be short of money. Wives are working in unprecedented numbers, husbands hope for overtime hours to earn more, or take part-time jobs, children look for odd jobs for spending money, the family debt climbs higher, and psychologists say one of the biggest causes of family quarrels and breakups is "arguments over money." Much of this trouble can be traced to our present "money" system.

Too few Americans realize why Christian Statesmen wrote into Article I of the U.S. Constitution:
"Congress shall have the Power to Coin Money and Regulate the Value Thereof".

They did this, in prayerful hope it would prevent "love of money" from destroying the Republic they had founded. We shall see how subversion of Article I has brought on the "evil" which God had warned.

Money is Man's Only "Creation"
Economists use the term "create" when speaking of the process by which money comes into existence. Now, creation means making something that did not exist before. Lumbermen make boards from trees, workers build houses from lumber, and factories manufacture automobiles from metal, glass and other materials. But in all these they did not "create," they only changed existing materials into a more usable and, therefore, more valuable form. This is not so with money. Here, and here alone, man actually "creates" something out of nothing. A piece of paper of little value is printed so that it is worth a piece of lumber. With different figures it can buy the automobile or even the house. Its value has been "created" in the true meaning of the word.

Money "Creating" Profitable
As is seen by the above, money is very cheap to make, and whomever does the "creating" of money in a nation can make a tremendous profit! That profit is part of our story, but first let us consider another unique characteristic of the thing -- money, the love of which is the "root of all evil."

Adequate Money Supply Needed
An adequate supply of money is indispensable to civilized society. An overstatement, you say? Not at all. Money is the blood of civilized society, the means of all commercial trade except simple barter. It is the measure and the instrument by which one product is sold and another purchased. Remove money or even reduce the supply below that which is necessary to carry on current levels of trade, and the results are catastrophic. For an example, we need only look at America's Depression of the early 1930's.

The Bankers Depression of the 1930's

In 1930 America did not lack industrial capacity, fertile farmland, skilled and willing workers or industrious farm families. It had an extensive and highly efficient transportation system in railroads, road networks, inland and ocean waterways. Communications between regions were the best in the world, utilizing telephone, teletype, radio, and a well-operated government mail system. No war had ravaged the cities or the countryside, no pestilence weakened the population, nor had famine stalked the land. The United States of America in 1930 lacked only one thing: an adequate supply of money.

In the early 1930's, Bankers, the only source of new money and credit, deliberately refused loans to industries, stores and farms. Payments on existing loans were required however, and money rapidly disappeared from circulation. Goods were available to be purchased, jobs waiting to be done, but the lack of money brought the nation to a standstill. By this simple ploy America was intentionally put in a "depression" and the greedy Bankers took possession of hundreds of thousands of farms, homes, and business properties. The people were told, "times are hard," and "money is short." Not understanding the system, they were cruelly robbed of their earnings, their savings, and their property.

Money for Peace? No! Money for War? Yes!
World War II ended the "depression." The same Bankers who in the early 30's had refused loans for peacetime houses, food and clothing, suddenly had unlimited billions to lend for Army barracks, K-rations and uniforms! A nation that in 1934 couldn't produce food for sale, suddenly could produce bombs to send free to Germany and Japan!

With the sudden increase in money, people were hired, farmers sold their produce, factories went to two shifts, mines re-opened, and "The Great Depression" was over! Some politicians were blamed for it and others took credit for ending it. The truth is the lack of money (caused by the Bankers) brought on the depression, and adequate money ended it. The people were never told that simple truth and in this article we will endeavor to show how these same Bankers who control our money and credit today have used their control to plunder America and place us in bondage.

Power to Coin and Regulate Money
When we can see the disastrous' results of an artificially created shortage of money, we can better understand why our Founding Fathers, who understood both money and God's Laws, insisted on placing the power to "create" money and to control it ONLY in the hands of the US Congress. They believed that ALL citizens should share in the profits of its "creation" and therefore the national government must be the ONLY creator of money.

Since Congress was the only legislative body subject to all the citizens at the ballot box, it was, to their minds, the only safe depository of so much profit and so much power. They wrote it out in the simple, but all-inclusive: "Congress shall have the Power to Coin Money and Regulate the Value Thereof."

How the People Lost Control to the Federal Reserve
Instead of the Constitutional method of Congress creating our money and putting it into circulation, we now have an entirely unconstitutional system. This has resulted in almost disastrous conditions, as we shall see.

Since our money was handled both legally and illegally before 1913, we shall consider only the years following 1913, since from that year on, ALL of our money has been created and issued by an illegal method that will eventually destroy the United States if it is not changed. Prior to 1913, America was a prosperous, powerful, and growing nation, at peace with its neighbors and the envy of the world. But -- in December of 1913, Congress, with many members away for the Christmas holidays, passed what has since been known as the FEDERAL RESERVE ACT. Omitting the burdensome details, it simply authorized the Federal Reserve Corporation, with a Board of Directors to run the money system.

This simple, but terrible, law completely removed from Congress the right to "create" money or to have any control over its "creation," and gave that function to the Federal Reserve Corporation. This was done with appropriate fanfare and propaganda that this would "remove money from politics" (they didn't say "and therefore from the people's control"). The people were not told then, and most still do not know today, that the Federal Reserve Corporation is a private corporation controlled by private bankers and therefore is operated for the financial gain of the bankers over the people rather than for the good of the people. The word "Federal" was used only to deceive the people.

More Disastrous Than Pearl Harbor
Since that "day of infamy," more disastrous to us than Pearl Harbor, the small group of "privileged" people who lend us "our" money have accrued to themselves all of the profits of printing our money -- and more! Since 1913 they have "created" tens of billions of dollars in money and credit, which, as their own personal property, they lend to our government and our people at interest. "The rich get richer and the poor get poorer" had become the secret policy.

They Print It --We Borrow It and Pay Them Interest
We shall start with the need for money. The Federal Government, having spent more than it has taken from its citizens in taxes, needs, for the sake of illustration, 1 billion. Since it does not have the money, and Congress has given away its authority to "create" it, the Government must go to the "creators" for the $ 1 billion. But, the Federal Reserve, a private corporation, doesn't just give its money away! The Bankers are willing to deliver 1,000,000,000 billion in money or credit to the Federal Government in exchange for the Government's agreement to pay it back -- with interest! So Congress authorizes the Treasury Department to print 1,000,000,000 billion in bonds, which are then delivered to the Federal Reserve Bankers.
The Federal Reserve then pays the cost of printing the 1,000,000,000 (about 1,000 dollars) and makes the exchange. The Government then uses the money to pay its obligations. What are the results of this fantastic transaction? Well, $ 1 billion in Government bills are paid all right, but the Government has now indebted the people to the Bankers for $ 1 billion on which the people must pay interest! Tens of thousands of such transactions have taken place since 1913 so that by the 1980's, the U.S. Government is indebted to the Bankers for over $ 1,000,000,000,000 (trillion) on which the people pay over $ 100 billion a year in interest alone with no hope of ever paying off the principal. [Get this!! If the principle were ever paid back, there would be NO more money in circulation.] In 1995, the total Federal Debt has grown to over $ 5 trillion, with an annual interest payment of $ 203 billion, 14% of the federal budget. Supposedly our children and following generations will pay forever and forever!

And There's More
You say, "This is terrible!" Yes, it is, but we have shown only part of the sordid story. Under this unholy system, those United States Bonds have now become "assets" of the Banks in the Reserve System, which they then use as "reserves" to "create" more "credit" to lend. Current "reserve" requirements allow them to use that $ 1 billion in bonds to "create" as much as $ 15 billion in new "credit" to lend to States, Municipalities, to individuals and businesses. Added to the original $ 1 billion, they could have $ 16 billion of "created credit" out in loans paying them interest with their only cost being $ 1,000 for printing the original $ 1 billion! Since the U.S. Congress has not issued Constitutional money since 1913, in order for the people to have money to carry on trade and commerce they are forced to borrow the "created credit" of the Monoply Bankers and pay them usury-fees!

And There's Still More
In addition to the vast wealth drawn to them through this almost unlimited usury, the Bankers who control the money at the top are able to approve or disapprove large loans to large and successful corporations to the extent that refusal of a loan will bring about a reduction in the price that that Corporation's stock sells for on the market. After depressing the price, the Bankers' agents buy large blocks of the stock, after which the sometimes multi-million-dollar loan is approved, the stock rises, and is then sold for a profit. In this manner billions of dollars are made with which to buy more stock. This practice is so refined today that the Federal Reserve Board need only announce to the newspapers an increase or decrease in their "rediscount rate" to send stocks up and down as they wish. Using this method since 1913, the Bankers and their agents have purchased secret or open control of almost every large corporation in America. Using that control, they then force the corporations to borrow huge sums from their banks so that corporation earnings are siphoned off in the form of interest to the banks. This leaves little as actual "profits" which can be paid as dividends and explains why stock prices are so depressed, while the banks reap billions in interest from corporate loans. In effect, the bankers get almost all of the profits, while individual stockholders are left holding the bag.

Millions of working families are now indebted to the few hundred Banking Families for twice the assessed value of the entire United States. And these Banking Families obtained that debt against us for the cost of paper, ink, and bookkeeping!

The Interest Amount is Never Created
The only way new money goes into circulation is when it is borrowed from Bankers. When large sums are borrowed, we seem to prosper. However, the fatal flaw in a usury system, the only new money created and put into circulation is the amount of the loan. The money to pay the interest is NOT created, and therefore was NOT added to "money in circulation." Under this kind of a system, the total debt increasingly outstrips the amount of money available to pay the debt. The people can never, ever get out of debt!

There is therefore no way all debtors can pay off the moneylenders. All they can do is struggle against each other, borrowing more and more from the moneylenders each generation. The moneylenders (Bankers), who produce nothing of value, slowly, then more rapidly, gain a death grip on the land, buildings, and present and future earnings of the whole working population. Proverbs 22:7 has come to pass in America. The borrowers have become the servants of the lenders. No wonder God Almighty forbids interest on loans.

Yes, It's Political, Too
Democrat, Republican, and Independent voters who have wondered why politicians always spend more tax money than they take in should now see the reason. When you study our "debt-money" system, you soon realize that these politicians are not the agents of the people but are the agents of the Bankers, for whom they plan ways to place the people further into debt. It takes only a little imagination to see that if Congress had been "creating," and spending or issuing the necessary increase in the money supply, THERE WOULD BE NO NATIONAL DEBT, and the over $ 5 Trillion of other debts would be practically non-existent. Since there would be no ORIGINAL cost of money except printing, and no CONTINUING costs such as interest, Federal taxes would be almost nil. Money, once in circulation, would remain there and go on serving its purpose as a medium of exchange for generation after generation and century after century, just as coins do now, with NO payments to the Bankers whatever!

Mounting Debts and Wars
But instead of peace and debt-free prosperity, we have ever-mounting debt and periodic wars. We as a people are now ruled by a system of Banker-owned Mammon that has usurped the mantle of government, disguised itself as our legitimate government, and set about to pauperize and control our people. It is now a centralized, all-powerful political apparatus whose main purposes are promoting war, spending the peoples' money, and propagandizing to perpetuate itself in power. Our two large political parties have become its servants. The various departments of government its spending agencies, and the Internal Revenue Service, its collection agency.

Unknown to the people, it operates in close cooperation with similar apparatuses in other nations, which are also disguised as "governments." Some, we are told, are friends. Some, we are told, are enemies. "Enemies" are built up through international manipulations and used to frighten the American people into going billions of dollars more into debt to the Bankers for "military preparedness," "foreign aid to stop communism," "minority rights," etc. Citizens, deliberately confused by brainwashing propaganda, watch helplessly while our politicians give our food, goods, and money to Banker-controlled alien governments under the guise of "better relations" and "easing tensions." Our Banker-controlled government takes our finest and bravest sons and sends them into foreign wars with obsolete equipment and inadequate training, where tens of thousands are murdered, and hundreds of thousands are crippled. Other thousands are morally corrupted, addicted to drugs, and infected with venereal and other diseases, which they bring back to the United States. When the "war" is over, we have gained nothing, but we are scores of billions of dollars more in debt to the Bankers, which was the reason for the "war" in the first place!

And There's More
The profits from these massive debts have been used to erect a complete and almost hidden economic and political colossus over our nation. They keep telling us they are trying to do us "good," when in truth they work to bring harm and injury to our people. These would-be despots know it is easier to control and rob an ill, poorly-educated and confused people than it is a healthy and intelligent population, so they deliberately prevent real cures for diseases, they degrade our educational systems, and they stir up social and racial unrest. For the same reason they favor drug use, alcohol, racial intermarriage, sexual promiscuity, abortion, pornography, and crime. Everything, which debilitates the minds and bodies of the peeple, is secretly encouraged, as it makes the people less able to oppose them or even to understand what is being done to them.

Family, morals, love of Country, the Christian religion, all that is honorable is being swept away, while they try to build their new, subservient man. Our new "rulers" are trying to change our whole racial, social, religious, and political order, but they will not change the debt-money economic system by which they rob and rule. Our people have become "debt-slaves" to the Bankers and their agents in the land our fathers conquered. It is conquest through the most gigantic fraud and swindle in the history of mankind. And we remind you again: The key to their wealth and power over us is their ability to create "money" out of nothing and lend it to us at interest. If they had not been allowed to do that, they would never have gained secret control of our nation. How true Solomon's words are: "The rich ruleth over the poor, and the borrower is servant to the lender" (Proverbs 22:7).

God Almighty warned in the Bible that one of the curses which would come upon His People for disobeying His Laws was: "The stranger that is within thee shall get up above thee very high; and thou shalt come down very low. He shall lend to thee, and thou shalt not lend to him; he shall be the head, and thou shalt be the tail" [Deut. 28: 44-45]. Has that warning come to fruition in America

Let us now consider the correct method of providing the medium of exchange needed by our people.

The Constitutional Way --Every Citizen A Stockholder
If we had used the Constitutional way of "creating" the money needed in the nation, the Federal Congress would spend most of its time and study on the issuance and control of an adequate supply of stable money for the people. If an increase of population and production required an increase in the medium of exchange, Congress would authorize the "coining," (i.e., printing) of the determined amount. Some could be used to pay current legitimate expenses of the Federal Government, with the balance paid directly to the citizens. Records for payment would be similar to Social Security records, except a citizen would be recorded at birth, instead of when he first goes to work. Each person on the records as of the date of the Congressional authorization would receive an equal amount just as if he were a stockholder holding one share. Just think -- a payment of only $ 20 to each citizen would put $ 4 billion of debt-free and interest-free money into circulation.

Such a suggestion always scares the Bankers. Their propagandists will immediately cry, "printing press money," and warn that it would soon be "worthless" and would "cause inflation."

The truth is their immense usury charges on their "created" credit (our debt) is the sole cause of "inflation." All prices on all industry, trade and labor must be raised periodically to pay the ever-increasing usury charges. That is the ONLY cause of higher prices, and the moneychangers spend millions in propaganda to keep you from realizing that.
The money-creators (Bankers) know that if we ever tried a Constitutional issue of debt-free, interest-free currency, even a limited issue, the benefits would be immediately. That they must prevent. Abraham Lincoln was the last President to issue such debt-free and interest-free currency (in 1863) and he was assassinated shortly thereafter.

No Banker's Plunder
Under a Constitutional system no private banks would exist to rob the people. Government banks under the control of the people's representatives would issue and control all money and credit. They would issue not only actual currency, but could lend limited credit at no interest for the purchase of capital goods, such as homes. A $ 60,000 loan would require only $ 60.000 repayment, not $ 255,931 as it is now. Everyone who supplied materials and labor for the home would get paid just as they do today, but the Bankers would NOT get $ 195,931 in usury fees, and that is why the ridicule and destroy anyone suggesting GOVERNMENT (CITIZENS') MONEY WITHOUT INTEREST AND WITHOUT DEBT.
History tells us of debt-free and interest-free money issued by governments. The American colonies did it in the 1700's and their wealth soon rivaled England and brought restrictions from Parliament, which led to the Revolutionary War. Abraham Lincoln did it in 1863 to help finance the Civil War. An agent of the Rothschild Bank later assassinated him. No debt-free or interest-free money has been issued in America since then. Several Arab nations issue interest-free loans to their citizens today. The Saracean Empire forbad interest on money for 1,000 years, and its wealth outshone even Saxon Europe. Mandarin China issued its own money, interest-free and debt-free, and historians and collectors of art today consider those centuries to be China's time of greatest wealth, culture and peace.

Germany issued debt-free and interest-free money from 1935 and on, accounting for its startling rise from the depression to a world power in 5 years. Germany financed its entire, government and war operation from 1935 to 1945 without gold and without debt, and it took the whole Capitalist and Communist world to destroy the German power over Europe and bring Europe back under the heel of the Bankers. Such history of money does not even appear in the textbooks of public (government) schools today.

Issuing money that doesn't have to be paid back in interest leaves the money available to use in the exchange of goods and services and its only continuing cost is replacement as the paper wears out. Money is the paper ticket by which such transfers are made and should always be in sufficient quantity to transfer all possible production of the nation to ultimate consumers.

It is as ridiculous for a nation to say to its citizens, "You must consume less because we are short of money," as it would be for an Airline to say, "Our planes are flying, but we can't take you because we are short of tickets."

Why You Haven't Known
We realize this small, and necessarily incomplete, article on money may be charged with oversimplification. Some may say that if it is that simple the people would have known about it, and it could not have happened. But this MONEYLENDERS' consPIRACY is as old as Babylon, and even in America it dates far back before the year 1913. Actually, 1913 may be considered the year, which their previous plans came to fruition, and the way opened for complete economic conquest of our people. The consPIRACY is old enough in America so that its agents have been, for many years, in positions such as newspaper publishers, editors, columnists, church ministers, university presidents, professors, textbook writers, labor union leaders, movie makers, radio and TV commentators, politicians from school board members to U.S. presidents, and many others.

Controlled News and Information
These agents also control the information available to our people. They manipulate public opinion, elect whom they will locally and nationally, and never expose the crooked money system. They promote school bonds, municipal bonds, expensive and detrimental farm programs, "urban renewal," foreign aid, and many other schemes, which will put the people more into debt to the Bankers. Thoughtful citizens wonder why billions are spent on one program and billions on another which may duplicate it or even nullify it, such as paying some farmers not to raise crops, while at the same time building dams or canals to irrigate more farm land. Crazy or stupid? Neither. The goal is more debt. Thousands of deviously plotted government-sponsored ways to waste money go on continually. Most make no sense, but they are never exposed for what they really are, builders of "billions for the bankers and debts for the people."

So-called "economic experts" write syndicated columns in hundreds of newspapers, craftily designed to prevent the people from learning the simple truth about our money system. Commentators on radio and TV, preachers, educators, and politicians blame the people as wasteful, lazy, or spend-thrift, and blame the workers and consumers for the increase in debts and the inflation of prices, when they know the cause is the debt-money system itself. Our people are literally drowned in charges and counter-charges designed to confuse them and keep them from understanding the unconstitutional and evil money-system that is so efficiently and silently robbing the farmers, the workers, and the businessmen of the fruits of their labors and of their freedoms.

When some few Patriotic people or organizations who know the truth begin to expose them or try to stop any of their mad schemes, they are ridiculed and smeared as "conspiracy theorist," "right-wing extremists," "super-patriots," "ultra-rightists," "bigots," "racists," even "fascists" and "anti-semites." Any name is used which will cause them to shut up or will at least stop other people from listening to the warning they are giving. Articles, books, and information such as what you are now reading are kept out of schools, libraries, and bookstores.

Some, who are especially vocal in their exposure of the treason against our people, are harassed by government agencies such as the EPA, OSHA, the IRS, and even average citizens too ignorant of the truth, causing them financial loss, embarrassment, or other such hard-ships. By these methods they have prevented most Americans from learning the things you have read in this article. However, in spite of their control of information, they realize many citizens are learning the truth. Therefore, to prevent violence or armed resistance to their plunder of America, they plan to eventually disarm all citizens. They have to eliminate most guns, except those in the hands of their government police and army.

Audit The Federal Reserve System?
The Federal Reserve has never been audited by the government since it took over our money and credit in 1913. In 1975 a bill, H.R. 4316, to require an audit was introduced in Congress. During the April, 1975 hearings, this author submitted a statement favoring the audit, as did many others. Due to pressure from the money controllers, it was not passed. No audit of the Fed has ever been made.

Why Haven't They Told You?
Who are "they"? "They" are all of the politicians of the two old parties and elected officials. All "educational" groups like the League of Women Voters, the Heritage Foundation and the American Civil Liberties Union (ACLU). All news services, such as the Associated Press and the United Press International. All daily newspapers, including the New York "Times" and Los Angeles "Times." All weekly "news" magazines, such as "Time" and "Newsweek." All economics and history professors at all colleges and universities. All financial newsletter publishers. All labor leaders. All televangelists, your local minister, priest or rabbi. All of the above and more are hiding the truth from you or they TOO are brainwashed by all the government propaganda to see through the lies.

Fortunately, groups of patriots in every state (and now a growing number of citizens of other countries) know the truth and are helping to fight the bankers' plans to dump the Constitution into the UN garbage pail. When the bankers prick the credit/debt bubble they will foreclose on America. Then, they will own it all. There may be a "managed chaos" -- riots and terrorism -- to alarm the people with the fear of anarchy as the bankers prepare to impose a communistic dictatorship on America as the "solution" for the problems they, themselves, have created.

Will you help to bring awareness for those you care about? Only an educated people will be able to resist the lies of the bankers' stooges. This is why it is important for you to know the truth about how the bankers make billions for themselves and bring debts to the people. We CAN bring an end to this evil system, but only through public awareness. What the news media will not tell, we must SPEAK UP and let the truth be known !!

Ways In Which You Can Help
1. Make photocopies of this article and share it with the voters you know.
2. This same article is posted online at http://www.truth.5u.com. Send your contacts to read/copy this article "The Real Story of the Money~Control Over America" from this website.
3. Send this article to newspaper editorials. Good luck getting it published.
4. Copy the Flyer and postcards also posted at http://www.truth.5u.com and post them in your work place, school, recreation center, lounge, coffee shop, bulletin boards, hydro poles, etc
5. Hand out the post cards to family, friends, strangers, where you shop, etc.

Love of Country, compassion for your Race, and concern for your children should make you deeply interested in this, as our generation has not yet suffered under the "yoke" as the coming generations will. Usury and taxes will continue to take a larger and larger part of the annual earnings of the people and put them into the pockets of the Bankers and their political Agents. Increasing "government" regulations will prevent citizen protest and opposition to their control. Is it possible that your grandchildren will own neither home nor car, but will live in "government-owned" apartments and ride to work in "government-owned" buses (both paying usury to the Bankers), AND BE ALLOWED TO KEEP JUST ENOUGH OF THEIR EARNINGS TO BUY A MINIMUM OF FOOD AND CLOTHING while their Rulers wallow in luxury? In Asia and Europe it is called "communism;" in America it is called "Democracy" and "Capitalism."

New Legislation has already been written that can bring an end to this whole corrupt system but, America will not shake off her Banker-controlled dictatorship as long as the people remain silent and/or ignorant of the hidden controllers. International financiers, who control most of the US government, and most sources of information, seem to have us completely within their grasp. They are afraid of only one thing: an awakened Patriotic Citizenry, armed with the truth, and with a trust in Almighty God for deliverance. This information has given you the truth about their devious system. What you do with it is in your hands, as in the hands of Divine Providence. "The fear of man bringeth a snare; but whoso putteth his trust in the Lord shall be safe (Proverbs 29:25). May Jesus Christ both enlighten you and have mercy on you, and may you strive to be of good service both to God and to your country.

Together we can make a difference.

Quotes

If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. . . the issuing power should be taken from the banks, and restored to the people, to whom it properly belongs. ~ Thomas Jefferson

History records that the moneychangers have used every form of abuse, intrigue, deceit, and violent plans possible to maintain their control over governments by controlling money, and its issuance. ~ James Madison

I see in the near future a crisis approaching that unnerves me. Corporations have been enthroned, an era of corruption will follow, until the wealth is aggregated in a few hands, and the republic is destroyed. The Government should create, issue, and circulate it's own currency and credits to satisfy the spending of the Government, and the buying of consumers. By the adoption of these principals, money will cease to be master, and become the servant of humanity. ~ Abraham Lincoln

If Congress has the right under the Constitution to issue paper money, it was given them to use themselves, not to be delegated to individuals or corporations. ~ Andrew Jackson

The modern banking system manufactures money out of nothing. The process is perhaps the most astonishing piece of slight of hand ever invented. If you want to continue to be the slaves of the bankers, and pay the cost of your own slavery, then let bankers continue to create money, and control credit. ~ Sir John Stamp (former governor of the Bank of England)

No man is good enough to govern another man without that other's consent . . . . These United States of America can never be destroyed from forces outside its borders. If America falls, it will fall from within. Brought down by apathy. When good people do nothing, Anarchy reigns. ~ Abraham Lincoln in a 1854 letter to Congress

We the people are the rightful masters of Congress and the courts, not to overthrow the Constitution, but to overthrow men who pervert the Constitution. ~ Abraham Lincoln

For we wrestle not against flesh and blood, but against principalities, against powers, against the rulers of the darkness of this world, against spiritual wickedness in high places. ~ Ephesians 6:12

You be the Judge
With this knowledge, you will be better prepared to interpret the news media's reporting, and the government's actions as time moves on toward the completion of the Pan American Union.

If you want to know more details of this EVIL effort, take the time to read all of the information contained on this website. If you do, you will never watch the news on TV, or read the news magazines and newspapers the same way that you do now. BLESSINGS ~ Dean


[Edited 1 times, lastly by Mech on 04-25-2004]

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Mech
Commitees of Correspondence


The Minuteman State
6126 posts, Jun 2001

posted 04-25-2004 04:43 PM     Click Here to See the Profile for Mech   Visit Mech's Homepage!   Edit/Delete Message   Reply w/Quote
BUY GOLD AND PRECIOUS METALS PEOPLE!!....GET OUT OF THE STOCK MARKET....DON'T RELY ON PHONY FIAT FEDERAL RESERVE CURRENCY TO SAVE YOU WHEN THE CRASH COMES.

[Edited 1 times, lastly by Mech on 04-25-2004]

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