Reports - Silver/gold/banking/derivatives/economy etc

ben franklin - Struck the first penny in the US. On the back it said "mind your own business".

• Silver/Gold etc

• BANKERS & SCAMS

"The liberty of a democracy is not safe if the people tolerate the growth of private power to a point where it becomes stronger than their democratic State itself. What, in its essence, is Fascism, but ownership of government by an individual, by a group or by any controlling private power." Franklin D. Roosevelt

Ten primary stockholders in the Privately owned Federal Reserve banking system: 1)Rothchild Family, London; 2) Rothchild Family, Berlin; 3) Lazard Brothers, Paris; 4) Israel Seiff, Italy; 5) Kuhn-Loeb, Germany; 6) Warburgs, Amsterdam; 7) Warburgs, Hamburg; 8) Lehman Brothers, New York; 9) Goldman & Sachs, New York; 10) Rockefeller Family, New York.

David Rockefeller, founder of the Trilateral Commission, in an address to a meeting of the Trilateral Commission, in June 1991: "We are grateful to the Washington Post, the New York Times, Time magazine and other great publications who's directors have attended our meetings and respected their promises of discretion for almost 40 years. It would have been impossible for us to develop our plan for the World if we had been subject to the bright lights of publicity during those years. But, the work is now much more sophisticated and prepared to march toward a World government. The supranational sovereignty of an intellectual elite and World bankers is surely preferable to the national auto-determination practised in past centuries."

Bankers "Pledge" Americans as "Debt".

"All of the children whose birth is certified by a State are registered in the Bureau of Federal Children. These are the human resources of Government. " Are you a Slave use for the US Debt? You can read about human resources in the United States Code, available online.

You, or their mother, in the explicitly declared natural character or capacity of man ( one of mankind ) must certify the heredity, legitimacy, and place of birth of your boys and girls to give them legal existence as people of the United States.

A man stands at first base and a man is born at X, a county within the last located boundaries of State ( e.g. Iowa ) . Your offspring now have documents from government which certify them as 14th amendment first sentence persons, as Federal children, as individuals ( "business enterprises" ) and as nationals of the United States. They have been nationalized by government documents. see the Immigration & Naturalization statutes. " Are you a SLAVE of the STATE?

Au-some (4/16/03; 07:53:18MT - usagold.com msg#: 101403) Money matters

Most of us would say a dollar bill is money, and think no more about it. Indeed the dollar bill is money, if we refer to its role as a medium of exchange. But there is much more to understand about it.

Fiat Money

A dollar bill is one of seven denominations of Federal Reserve notes currently issued. All notes are fiat money, meaning the government declares them to be money. Together they comprise almost all of the monetary base on which our modern credit system is built. Though not convertible into gold or any other valuable commodity, they play the role that gold once played. An important difference is that they can be produced in any quantity at very low cost. Then why are such notes accepted in payment for goods and services?

The Key Role of Taxes

The answer is that Federal taxes must be paid in fiat money. Every Federal Reserve note contains the inscription: This note is legal tender for all debts, public and private. A note has no value other than the promise behind it. However declaring it to be legal tender in settlement of debts between private parties would not be sufficient. But the need to acquire fiat money in order to pay one's taxes makes notes valuable as money.

Fiat money exists both as Federal Reserve notes and as bank reserves on deposit at the Fed. Notes could be used to pay taxes, but are mainly used as street money within the private sector. Normally taxes are paid by check, which results in a debit against the bank's own reserves. However whether one pays by check or by cash, the tax liability will be cleared.

A dollar bill is an IOU of the government, and is shown as a liability on its books. When we use it to buy something, we are actually transferring an obligation of the government to the seller. These third-party IOUs are regularly used as a medium of exchange in the private sector. They pass from buyer to seller without a second thought about their real nature.

An Analogy

To further illustrate the dual nature of the dollar bill, consider the following parallel: A subway company (the government) issues a token (dollar bill) in exchange for something of value (goods or services). That token is a promise (an IOU) of the company for a ride (government services). When you deposit the token (pay taxes), the company redeems the IOU, provides the ride and thereby honors its promise.

My question: Does this mean that ultimatly we all work for the government, and the government is taking us all for a ride?

Corporations 101

(The Elites plans for Globalism, NWO, Pax America or whatever you want to call it; it controls your well-being and standard of living for the future.)

(Back on the 70's the Corporations were saying they were International and owed no duty to the US (most have moved off shore to avoid US taxes and left the people to pay the bills while they profit off your labor like the bankers and politicans - same holds true today)

Corporate money power - not power to the people

Corporate power in the media

On the Standard of Living side

"The corporate share of taxes paid has fallen from 33 percent in the 1940's to 15 percent in the 1990's.

Individuals' share of taxes has risen from 44 to 73 percent. "

In the beginning

It is an established fact that the United States Federal Government has been dissolved by the Emergency Banking Act, March 9, 1933, 48 Stat. 1, Public Law 89-719; declared by President Roosevelt, being bankrupt and insolvent. H.J.R. 192, 73rd Congress m session June 5, 1933 - Joint Resolution To Suspend The Gold Standard and Abrogate The Gold Clause dissolved the Sovereign Authority of the United States and the official capacities of all United States Governmental Offices, Officers, and Departments and is further evidence that the United States Federal Government exists today in name only. DO THE INTERNATIONAL BANKERS OWN THE US?

"The international organizations had gained economic control of the domestic monetary system, and would now make political decisions for the members. In common parlance, the Nation has been economically "overthrown" and bankrupted. Under "rule of instrumentality" the "United States" exists in pretense of name only, being the altered of the true principal and parties of interest, The Fund and The Bank. With the enactment by Congress of Public Law 95-147 on October 28, 1977, all financial institutions, banks and credit unions alike, were placed on the exclusive direction and control of the "Governor" of "The Fund" and "The Bank", i.e., the United Nations, which is the World Communist Movement. A foreign power now roosts and rules exclusively over each and every American. Recall that the operations of the Exchange Stabilization Fund and now the SDR's are under the "exclusive control of the Secretary of Treasury" and "are not reviewable by any other officer of the United States".

mugwump (So, why are we closing Ft Knox? No gold left!

An interesting article by James Turk. Three different methods to suggest that almost half the world's official gold reserves are gone. OK, a lot of smoke. It could also help explain why Congress has refused to authorize a detailed audit of US gold reserves.

No wonder he wants NO regulation or controls on Derivatives lmao There's NOT enough money in the world to cover the paper. They can't pay anything back and there goes the fiat system !

Apr. 21, 2003 ( Buffalo News ) — Sen. Charles E. Schumer on Tuesday charged that the Securities and Exchange Commission's new chairman, William H. Donaldson, is poised to stop the government's probe into WorldCom and let the company off with "a slap on the wrist." (If the probe continues it may bring down the stock market and the derivative market crooked game over!)

'In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value.' Greenspan

"As you know, programs which are easy to begin or expand, are difficult or impossible to eliminate once a constituency develops which profits from them and so develops a vested interest in maintaining the status quo." -Alan Greenspan, CNBC, 29 Jan 1998

How the Federal Reserve banking scam works on the dollar.

What your dollar is worth because of Federal Reserve scam.

$113.33 in the year 1913 has the same purchase power as $100 in the year 1776.

$1779.93 in the year 2001 has the same purchase power as $100 in the year 1913.

Federal Reserve Bankers make millions at your expense

Frederick Soddy, M.A., F.R.S., Nobel Prize Winner in 1921 wrote:

"The most sinister and anti-social feature about bank-deposit money is that it has no existence. The banks owe the public for a total amount of money which does not exist. In buying and selling, implemented by cheque transactions, there is a mere change in the party to the whom the money is owed by the banks. As the one depositor's account is debited, the other is credited and the banks can go on owing for it all the time.

"The whole profit of the issuance of money has provided the capital of the great banking business as it exists today. Starting with nothing whatever of their own, they have got the whole world into their debt irredeemably, by a trick.

"This money comes into existence every time the banks 'lend' and disappears every time the debt is repaid to them. So that if industry tries to repay, the money of the nation disappears."

more paper scams

"But insurers and reinsurers alike proved ill-prepared for the bursting bubble and the unprecedented scope of defaults that ensued, forcing them to make big pay outs, lick their wounds and pull back. " "the insurance sector's malaise has caught the attention of some regulators, who have started asking questions about the sector's exposure and the role credit derivatives played. "

NOTE - Greenspan wants no regulation on derivatives - I wonder why ?

SOUND MONEY ?

Congress ignores EX to this day

JFK tried and was shot!

Executive Order 11110

AMENDMENT OF EXECUTIVE ORDER NO. 10289 AS AMENDED, RELATING TO THE PERFORMANCE OF CERTAIN FUNCTIONS AFFECTING THE DEPARTMENT OF THE TREASURY

By virtue of the authority vested in me by section 301 of title 3 of the United States Code, it is ordered as follows:

SECTION 1. Executive Order No. 10289 of September 19, 1951, as amended, is hereby further amended -- ( a ) By adding at the end of paragraph 1 thereof the following subparagraph ( j ) : ( j ) The authority vested in the President by paragraph ( b ) of section 43 of the Act of May 12, 1933, as amended ( 31 U.S.C. 821 ( b ) ) , to issue silver certificates against any silver bullion, silver, or standard silver dollars in the Treasury not then held for redemption of any outstanding silver certificates, to prescribe the denominations of such silver certificates, and to coin standard silver dollars and subsidiary silver currency for their redemption," and ( b ) By revoking subparagraphs ( b ) and ( c ) of paragraph 2 thereof. SEC. 2. The amendment made by this Order shall not affect any act done, or any right accruing or accrued or any suit or proceeding had or commenced in any civil or criminal cause prior to the date of this Order but all such liabilities shall continue and may be enforced as if said amendments had not been made.

JOHN F. KENNEDY THE WHITE HOUSE, June 4, 1963.

JFK WAS SHOT. (Oh the magic bullet) The international bankers are still in control, but SECRETS still prevail.)

Congressman Linbergh Sr. stated: " Our financial system is a false one and a huge burden on the people ...I have alleged that there is a Money Trust.

The Aldrich Plan is a scheme plainly in the interest of the Trust ...Why does the Money Trust press so hard for the Aldrich Plan now, before the people know what the money trust has been doing?"

" The Aldrich Plan is the Wall Street Plan. It is a broad challenge to the Government by the champion of the Money Trust.

It means another panic, if necessary, to intimidate the people.

Aldrich, paid by the Government to represent the people, proposes a plan for the trusts instead..."

Group of Thirty, Washington

The G-30 is a high profile Washington based think tank with publications ranging over a wide variety of topics.

While its ideological orientation is not always very clearcut it has certainly been promoting the industry view in this case.

This aspect is readily evidenced by a quick glance at the steering commitee of its derivatives project which includes most of the chairmen of the biggest derivative dealer firms.

Relevant issues which have not been discussed so far could include the following:

1.How much financial risk can a society bear?

2.What are the interactions between debt, derivatives and monetary policy?

3.How does the use of derivatives affect the behaviour its users? Are there behavioural risks?

4.Have derivative markets reallocated credit risks by crowding out bad risks from derivative markets to other financial markets?

5.What are the settlement risks involved in derivative markets and how can they be managed?

It is striking that no academic studies have addressed these important issues so far. "

A Guide with Links to Information Sources - Derivatives, non-existent gold reserves and copper futures have been the stuff of frauds on an almost incomprehensible scale. The activities of Nick Leeson, Toshihide Iguchi, Yasuo Hamanaka, John Rusnak and other star traders have made the bank robbing activities of Jesse James and the outlaws of the old Wild West seem like pathetic, kindergarten stuff in comparison.

Hedging Risk or Courting Disaster? - "It could rip your guts out overnight ... the biggest, most potentially lucrative, and destructive market in the world ."

"We view them as time bombs both for the parties that deal in them and the economic system ... In our view ...derivatives are financial weapons of mass destruction, carrying dangers that, while now latent, are potentially lethal." Warren Buffett.

" Unlike Warren Buffet, Sir Julian Hodge, the Welsh banker, issued his apocalyptic warning three years before the first rash of derivatives disasters involving Metallgesellschaft, Orange County, Sears Roebuck, Proctor & Gamble, happened in 1994. More was to come in 1995 in the form of the Daiwa and Barings scandals. None of those on their own, however, threatened to bring the world financial system to its knees. The crisis that came closest to doing so, so far, involved LTCM in September 1998, but could a mega-catastrophe lie around the corner ...? "

"Now suppose that a modern alchemist solves his subject's oldest problem by finding a way to produce unlimited amounts of new gold at essentially no cost. Moreover, his invention is widely publicized and scientifically verified, and he announces his intention to begin massive production of gold within days. What would happen to the price of gold? Presumably, the potentially unlimited supply of cheap gold would cause the market price of gold to plummet. Indeed, if the market for gold is to any degree efficient, the price of gold would collapse immediately after the announcement of the invention, before the alchemist had produced and marketed a single ounce of yellow metal." - (WHAT IS THE DOLLAR WORTH?)