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Victoria Grant, a 12-yrs old Canadian, Research & Speech to spark interest to engage the Canadian Government to stop the Banking criminal Actions against the People of Canada
This is a very good well researched speech she did which circulated on you-tube. Then she was invited in the US to deliver her speech.
Blessings
Re: A new Global Economic Restructure in 2012
[Re: Elle]
#146463 10/31/1209:05 PM10/31/1209:05 PM
We caught up w/ Doug Casey, founder of Casey Research and participant in our “Great Financial Debate: Carville vs. Krauthammer vs. Casey” (http://bit.ly/kitco_events) at the 2012 New Orleans Investment Conference, and he shared with us some of the concepts from his panel discussions at the conference, as well as why he believes panic will be entering the gold market. Kitco News, October 29, 2012.
International man and well known investment strategist Doug Casey warns that the world’s economic, financial and monetary systems have passed the point of no return and a change of ownership over global resources will soon take place.
At the 2012 Investment Conference in New Orleans, Casey explains why neither Presidential candidate will change anything, where the real wealth in the world is found, why gold is a must-own survival asset, and what to expect next:
We’re going to go through a really, really rough spot starting anytime between tomorrow morning and the next year.
We’re exiting the eye of the hurricane where we’ve been in since 2007… We’re going into the trailing edge of the hurricane, it’s going to last a long time, and it’s going to be very, very severe.
…
All the real wealth in the world – the skills in peoples’ hands, the knowledge in their minds, the factories, the farms – that’s all going to be here. It’s not going to go away.
It’s just the financial system, the economic system that’s going to collapse.
There’s going to be a huge change of ownership for those things, which is going to be very unpleasant and inconvenient for a lot of people.
…
It is beyond the point of no return as far as I am concerned for Europe, and for Japan, and the U.S., and China – all the developed economies, quite frankly.
…
Gold remains the only financial asset that’s not simultaneously somebody else’s liability.
All of these governments all over the world are printing up trillions of currency units and they’re accelerating the pace of doing so.
There’s going to be a panic into gold. There’s going to be a mania in gold. There’s going to be a bubble in gold in the future.
Even though, as we speak now, it’s at $1700, it’s no longer cheap, but it’s going a lot higher…
We’re looking at the biggest economic upset since the industrial revolution.
…[Predicting the price] is crystal ball gazing; it depends on how stupid the government is and how out of line the mob psychology becomes.
But, by the time this comes to a peak I wouldn’t be surprised – in real terms, today’s dollars – to see the equivalent of $5000 per ounce.
Of course, that may be 10 or 15 considering how badly they’re going to inflate the currency…
Blessings
Re: A new Global Economic Restructure in 2012
[Re: Elle]
#146475 11/01/1212:19 PM11/01/1212:19 PM
So this is everyone's last call to sell their gold before the gold bubble bursts! Sure, it may go up some more, but just like anything else, are you smart enough to know when it peaks? Will you know when to sell before you are stuck holding a bag of rocks?
Re: A new Global Economic Restructure in 2012
[Re: Elle]
#147544 11/27/1201:19 AM11/27/1201:19 AM
According to the article, China is recasting all of their gold reserves into small one kilo bars in order to issue a new “gold-backed” currency. Many say this will disrupt global trade and will eventually cause a collapse of the US dollar.
There can be no doubt that the US dollar will soon be history. China is recasting all of their gold reserves into small one kilo bars in order to issue a new ‘gold backed’ global currency. This is surely a strategic part of their recent push to sign new trade agreements with Russia, Japan, Chile, Brazil, India, and Iran. The cat is now out of the bag, the US will be given the ‘bums rush’ by the largest trading nations in the world and the dollar will go down in flames. GATA now estimates that 80% of the gold that investors believe they have in allocated accounts is long gone, the majority of it probably wound up in China.
Many are the events, signals, and telltale clues of a real live actual systemic failure in progress. Until the last several months, such banter was dismissed by the soldiers in the financial arena. But lately, they cannot dismiss the onslaught of evidence, a veritable plethora of ugly symptoms of conditions gone terribly wrong and solutions at best gone awry and at worst never intended in the first place. My theory has been steady from the TARP Fund scandal and the Too Big To Fail mantra of deceit. The plan all along since the breakdown began in September 2008 has been to preserve power, to maintain intact the insolvent banks an operational crew of zombies, to aid the financial sector bound in Wall Street, to pay benign neglect to Main Street and businesses (expect for symbols like General Motors), to expand the propaganda of a fictional recovery, and to maintain the endless wars. The wars serve two purposes, to enable significant fraud from overcharged services, and to hold open the gateways for sizeable money laundering flows into the Wall Street banks, those hollow structures that closely resemble a coke addict with dark teeth, wretched bones, wasted organs, lost attention, and a listless gait. The Greek showcase is coming to a neighborhood near you in Western Europe and Great Britain, soon to feature debuts across North America. No, the United States is not immune from the horrors of ruin since its marquee billboards read Zero Percent. It only means the wrecking ball works from the inside out, serving as the central needle in the Black Hole. An outline of the End Game can be written. This article is not comprehensive by any means. But it serves as a decent posting on an outhouse wall. Consider the following as musings in observation of Uncle Sam on death row. They bear no logical flow, just random concepts.
Everything is moving forward according to the Lord's Plan. Lots of worldwide House cleanup news. What is encouraging is we now see more prosecutions and arrests of the too big to fail people in power. There's more bigger ones that needs to be arrested and hopefully it will happen very shortly.
Below is just a small list that someone put together of the recent news. This list does not represent what has been going on this past few months and I haven't seen anyone compiling the arrests or prosecutions. While following the middle East news, I've seen many military generals removed from power by which none is mentioned in the small list below.
Here's a little glimpse of some recent news that someone blog :
Attorney General Eric Holder’s chief of staff, Gary Grindler, plans to resign his post at the Department of Justice on Wednesday. Grindler was directly involved in the Operation Fast and Furious scandal. http://www.breitbart.com/Big-Government/...ast-and-Furious
SNC-Lavalin suspends payments to ex-CEO arrested for fraud
President resigns after riots leave 22 dead in Argentina President Fernando De la Rua resigned and fled the government palace in a helicopter, driven from office by a devastating economic crisis and days of rioting that left 22 people dead and homes and supermarkets across Argentina ransacked.
Former Croatian prime minister Ivo Sanader arrested Former Croatian prime minister, Ivo Sanader, wanted in connection with an anti-corruption probe, was arrested in Austria on Friday.
Dutch government falls in budget crisis Dutch Prime Minister Mark Rutte has tendered his government's resignation to Queen Beatrix, paving the way for early elections.
Last August the IMF web site put out an article discussing the revival of the so-called “Chicago Plan,” which was proposed in the 1930’s in the wake of the Great Depression. This plan advocated the use of government currency, rather than private currency such as Federal Reserve Notes.
The Chicago Plan was a viable alternative to the Federal Reserve System, put together by economists in Chicago. Although it was discussed in 1933, hardly any of its proposals were actually passed into law with the Banking Act of 1935. With the second recession of 1937-38, the Chicago Plan was discussed further, but nothing came of it. Obviously, the private banking families who owned the Federal Reserve Bank wanted to maintain control of the nation’s monetary system.
With the recent economic crisis, the Chicago Plan is again being revisited, and the IMF is now discussing the feasibility of switching over to government-issued money. If implemented, this would essentially abolish the Fed by not renewing its 99-year contract which ends today.
This is essentially the core of the monetary conflict between East and West. The IMF article can be viewed in its entirety here:
Here is the Abstract, or the thesis statement of the article:
Originally Posted By: Abstract of The Chicago Plan
Abstract
At the height of the Great Depression a number of leading U.S. economists advanced a proposal for monetary reform that became known as the Chicago Plan. It envisaged the separation of the monetary and credit functions of the banking system, by requiring 100% reserve backing for deposits. Irving Fisher (1936) claimed the following advantages for this plan:
(1) Much better control of a major source of business cycle fluctuations, sudden increases and contractions of bank credit and of the supply of bank-created money.
(2) Complete elimination of bank runs.
(3) Dramatic reduction of the (net) public debt.
(4) Dramatic reduction of private debt, as money creation no longer requires simultaneous debt creation.
We study these claims by embedding a comprehensive and carefully calibrated model of the banking system in a DSGE model of the U.S. economy. We find support for all four of Fisher's claims. Furthermore, output gains approach 10 percent, and steady state inflation can drop to zero without posing problems for the conduct of monetary policy.
In other words, if the government created its own money and issued its own currency, it could eliminate fractional banking so that all loans would be backed 100%, rather than just 10%. Further into the article, we read more about these four propositions:
Originally Posted By: The Chicago Plan
First, preventing banks from creating their own funds during credit booms, and then destroying these funds during subsequent contractions, would allow for a much better control of credit cycles, which were perceived to be the major source of business cycle fluctuations.
Second, 100% reserve backing would completely eliminate bank runs.
Third, allowing the government to issue money directly at zero interest, rather than borrowing that same money from banks at interest, would lead to a reduction in the interest burden on government finances and to a dramatic reduction of (net) government debt, given that irredeemable government-issued money represents equity in the commonwealth rather than debt.
Fourth, given that money creation would no longer require the simultaneous creation of mostly private debts on bank balance sheets, the economy could see a dramatic reduction not only of government debt but also of private debt levels.
We take it as self-evident that if these claims can be verified, the Chicago Plan would indeed represent a highly desirable policy.
The Federal Reserve Bank was sold to Congress on the grounds that it would stop the boom-and-bust credit cycles, as well as bank runs. It obviously failed to live up to its claims. The Chicago Plan is presented as a much better alternative.
But even more important, it would practically eliminate the national debt, because the government would no longer have to borrow money from the Federal Reserve, but could create money itself. It would be a Treasury Note, or a National Bank Note, rather than a Federal Reserve Note. The article continues,
Originally Posted By: The Chicago Plan
In this context it is critical to realize that the stock of reserves, or money, newly issued by the government is not a debt of the government. The reason is that fiat money is not redeemable, in that holders of money cannot claim repayment in something other than money. Money is therefore properly treated as government equity rather than government debt, which is exactly how treasury coin is currently treated under U.S. accounting conventions (Federal Accounting Standards Advisory Board (2012)).
I also find it interesting (astounding, actually) that this article mentions the “shadow banking system,” which is the banking system that contains the off-books, non-taxed assets of the truly wealthy:
Originally Posted By: The Chicago Plan
The third advantage of the Chicago Plan is a dramatic reduction of (net) government debt. The overall outstanding liabilities of today’s U.S. financial system, including the shadow banking system, are far larger than currently outstanding U.S. Treasury liabilities.
It is because of this “shadow banking system” that the really wealthy people do not mind raising taxes on the wealthy, as President Obama is advocating. The reason is simple. The vast majority of their money is in the shadow banking system and is therefore not visible as taxable income. The only ones who would have to pay higher taxes are the medium-wealthy people who are not part of the shadow banking system. But they do not have much political power. The article continues,
Originally Posted By: The Chicago Plan
We find strong support for all four of Fisher’s claims, with the potential for much smoother business cycles, no possibility of bank runs, a large reduction of debt levels across the economy, and a replacement of that debt by debt-free government-issued money.
It appears that the IMF is taking this Chicago Plan seriously, now that the Federal Reserve System has proven to be a failure. In my view, this could only happen because the Kings of the East have gained influence and control over the IMF, replacing the previous Babylonian owners.
For decades, men have advocated government-issued debt-free money, but they were considered to be quirks and quacks who did not have any serious knowledge of economics and financial matters. But now it is apparent that they were right all along, and the IMF is preparing to acknowledge this and make the change itself.
Babylon is falling.
Blessings
Re: A new Global Economic Restructure in 2012
[Re: Elle]
#148719 01/04/1312:29 PM01/04/1312:29 PM
IMF's epic plan to conjure away debt and dethrone bankers So there is a magic wand after all. A revolutionary paper by the International Monetary Fund claims that one could eliminate the net public debt of the US at a stroke, and by implication do the same for Britain, Germany, Italy, or Japan.
You can bet that this new plan does not reflect the will of the Western bankers who took control of money creation back in 1666 in Britain, then in 1913 in America. It looks like the Kings of the East[Royal Families from China and 160 allied countries] are storming the gates of Babylon and now have sufficient economic clout in the IMF to create a whole new system.
Originally Posted By: Telegraph News
One could slash private debt by 100pc of GDP, boost growth, stabilize prices, and dethrone bankers all at the same time. It could be done cleanly and painlessly, by legislative command, far more quickly than anybody imagined. ... The conjuring trick is to replace our system of private bank-created money -- roughly 97pc of the money supply -- with state-created money. We return to the historical norm, before Charles II placed control of the money supply in private hands with the English Free Coinage Act of 1666.
Specifically, it means an assault on "fractional reserve banking". If lenders are forced to put up 100pc reserve backing for deposits, they lose the exorbitant privilege of creating money out of thin air.
The nation regains sovereign control over the money supply. There are no more banks runs, and fewer boom-bust credit cycles. Accounting legerdemain will do the rest. That at least is the argument. ... Some readers may already have seen the IMF study, by Jaromir Benes and Michael Kumhof, which came out in August and has begun to acquire a cult following around the world.
For decades men have been advocating this, but few have listened. It appears that we just had to come to near economic disaster before anyone believed them. I first began to study this back in the mid-1970's and was suprised to learn that money is a bank-created commodity which they loan to governments. I understood then that we could wipe out the national debt with the stroke of a pen just by switching to Treasury notes.
Originally Posted By: Telegraph News
The key of the Chicago Plan was to separate the "monetary and credit functions" of the banking system. "The quantity of money and the quantity of credit would become completely independent of each other."
Private lenders would no longer be able to create new deposits "ex nihilo". New bank credit would have to be financed by retained earnings.
"The control of credit growth would become much more straightforward because banks would no longer be able, as they are today, to generate their own funding, deposits, in the act of lending, an extraordinary privilege that is not enjoyed by any other type of business," says the IMF paper.
"Rather, banks would become what many erroneously believe them to be today, pure intermediaries that depend on obtaining outside funding before being able to lend."
In other words, private lenders create money out of nothing ("ex nihilo") and loan it at interest, acquiring profits that they really did not earn at all by any honest labor. There would be nothing wrong with charging a service fee, of course, but interest on money is forbidden in God's law.
It is also a huge paradigm shift to see the mainstream media admitting what the bankers have tried to hide from the average person. Admitting that banks create money out of nothing is, in itself a huge revelation for most people. After all, why do you suppose they called it the FEDERAL Reserve? It was to hide the private ownership of this bank corporation. It was so named to give the appearance of a government-owned institution. How many times have we heard that borrowing money from the FED was OK, because, after all, we were borrowing from ourselves?
Now the mainstream media has broken the taboo and has vindicated many writers who have been persecuted for their opposition to the FED. Under the Chicago Plan, "banks would become what many erroneously believe them to be today." It was the media in past decades that perpetuated this erroneous belief. But it now appears that the media is seeing the handwriting on the wall and has suddenly gotten the revelation to forsake their Babylonian masters and to support Cyrus. Is this the coalition of Media-Persia?
The article closes this way:
Originally Posted By: Telegraph News
One thing is sure. The City of London will have great trouble earning its keep if any variant of the Chicago Plan ever gains wide support.
The City of London is not London itself, but is a financial City State much like the Vatican or Monaco. It is the center of the World Babylonian Empire that is now crumbling. Here is 4-minute video history of the City:
Blessings
Re: A new Global Economic Restructure in 2012
[Re: Elle]
#148730 01/04/1303:40 PM01/04/1303:40 PM
Mt 25:27 'So you ought to have deposited my money with the bankers, and at my coming I would have received back my own with interest.
If you read the whole story, that servant judged the Lord as being a usurer, so Jesus judge him with his perception of Him. My paraphrase : “you wicked and lasy servant...you believe I'm a usurer, then why didn't you put my money in the bank to collect interest.”
This parable is really a prophesy about how the Lord will judge His servants(the believers) at His 2nd coming. The talent(money) given symbolize spiritual gifts and the Lord expects us to put them in use and increase them. Jesus was not approving usury in this parable. This would be contradictory to Him not allowing usury in the law.
In the Law of Moses, Usury is not allowed within the nation of Israel. Deut 23:19-20 There was an exception and they could charge interest to foreigners who where passing through. A foreigner is a guest, not a citizen of the nation. But if he obtains citizenship, he must be treated equally according to the Law. The law is impartial to all citizens and discriminates only against non-citizens. The reason is because these people follows a different set of laws and moral practices in their country and do not recognize Jesus Christ as King.
Another reason is it wouldn’t be fair if a foreigner obtain an interest-free loan from an Israelite and then loan it at 30% to a Babylonian under their laws. This person has no right to profit from such an arrangement. But if the foreigner had become a citizen of the nation of Israel, the law says in Leviticus 25:35-37 that he is to be treated equally.
There’s much more that scripture says about usury, but don’t have the time right now. I found this link that brought other scriptures and interesting historical facts about usury. http://www.conservapedia.com/Usury
Quote:
Usury in History
Islam prohibits usury or interest on loans, as do certain passages in the Old Testament:
Thou shalt not lend upon usury to thy brother; usury of money, usury of victuals, usury of any thing that is lent upon usury: Unto a stranger thou mayest lend upon usury; but unto thy brother thou shalt not lend upon usury: that the LORD thy God may bless thee in all that thou settest thine hand to in the land whither thou goest to possess it. Deuteronomy 23:19-20 (KJV)
(If he beget a son that) Hath given forth upon usury, and hath taken increase: shall he then live? he shall not live: he hath done all these abominations; he shall surely die; his blood shall be upon him. Ezekiel 18:13 (KJV)
The New Testament also refers to usury, sometimes indirectly:
Then he which had received the one talent came and said, Lord,I knew thee that thou art an hard man, reaping where thou hast not sown,and gathering where thou has not strawed: And I was afraid, and went and hid thy talent in the earth: lo, there thou hast that is thine. His lord answered and said unto him, Thou wicked and slothful servant, thou knewest that I reap where I sow not, and gather where I have not strawed: Thou oughtest therefore to have put my money to the exchangers, and then at my coming I should have received mine own with usury. Matthew 25:24
And found in the temple those that sold oxen and sheep and doves, and the changers of money sitting: And when he had made a scourge of small cords, he drove them all out of the temple, and the sheep, and the oxen; and poured out the changers' money, and overthrew the tables; John 2:14 (KJV)
Note: Usurers are synonymous with exchangers and changers of money. Matthew 25:24 is often mistakenly interpreted, ignoring the condemnation of usury as a capital offense in Ezekiel 18:13. The "Hard Man" cannot be moral if he wants his servants to engage in an abomination.
And if ye lend to them of whom ye hope to receive, what thank have ye? for sinners also lend to sinners, to receive as much again. But love ye your enemies, and do good, and lend, hoping for nothing again; and your reward shall be great, and ye shall be the children of the Highest: for he is kind unto the unthankful and to the evil. Luke 6:34-35 (KJV)
Because of this Biblical condemnation, Christians were forbidden to lend money for interest for centuries. Dante's Inferno places usurers in the seventh circle of Hell, along with blasphemers and homosexuals. In Renaissance society, the only people allowed to charge interest were Jews, which often led to resentment as the Jews were enriched by their shrewd financial activity. However, Christian thinking on this subject has changed, and almost all Christians now either lend their money for interest, or have an account in a bank which does it for them. The last Christian denomination to remove the ban on usury was the Roman Catholic Church, in 1918.
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