How FED Conspirator Bank Robs the Poor, and Their Dead
Bank of America Insults my Patriotism by Their Very Name
So does the Federal Reserve
by H. Michael Sweeney
I had just finished posting a blog about the fraudulent means and deceit employed by the founders of the Federal Reserve Banking System which has raked in trillions of dollars of profits at taxpayer expense since founded in 1910… when the very first reader of the post wrote something which set me aback. This is not just because of the injustice visible on the surface, but because the bank involved is a co conspirator with the FED to profit even further at taxpayer expense. That would be, as you by now rightly assume, the Bank of America.
So… after screwing the Federal Government and every single citizen for a $25 billion share of the TARP bailout… and after that bailout money additionally profited them ten times the amount of the bailout (they can loan ten times their cash reserves)… and after they will earn obscene usury (meaning excessive, in that they have no money actually at risk in the loans as they are made out of thin air) interest on all those loans for decades to come… and yet are further conspiring with the FED to dump even more faulty (read bogus) derivatives from Bank liability sheets (and guess who will pay for that in a ‘round two TARP bailout‘?), they still want to steal $500 from a dead woman and her heirs?
If none of the above makes any sense, please see the earlier post, The Federal Reserve, an Appearance of the Fourth Kind, and this story (The Federal Reserve and Bank of America Initiate a Coup to Dump Billions of Dollars of Losses on the American Taxpayer). I think you will then find the following story doubly abhorrent:
This is a true accounting of an actual incident I’ve verified underway in Oregon with Bank of America, but it is presumed all large banks have similar policies and procedures in place. I am open to correction by anyone who knows otherwise regarding any specific bank. What follows is a description of various devious methods applied to siphon off extra money from the accounts of deceased persons when the survivors are of ultra-low income. Actually, the matter would also seem to include an almost conspiratorial partnership with County agencies, at least in this case, so this article could have been entitled, How Banks and Counties Conspire to Rob the Dead and the Poor.
To explain the rip off, we need first to have a basic grasp of how it things should transpire according to law. But to be clear, there is no violation of law yet visible, though violation of fiduciary responsibilities, user agreements, and moral ethics is still an issue. While laws vary in detail from State to State, the following simplified description is generally accurate.
When someone dies, there is either a Will which establishes an Executor of the Estate, or there is not. When there is not, the matter goes into Probate Court and the State determines the final resolution of the Estate. Where there is an Executor, that person is charged with closing all accounts of the deceased, liquidating any property not a specified gift in the Will, distribution of such inheritances, and paying of remaining debts. There will almost always be some funds involved, either from actual cash or bank deposits, or the sale of personal goods or property.
An Executor, often a family member who is also an heir, will be entitled to reasonable compensation for their services which comes from such funds. Such fees are commonly well over $1,000, plus expenses. This and any taxes owed are the only charges against such funds which have ultimate priority for ‘first-payee’ status. Next come creditors, who must be paid in full or, where there are insufficient funds, be paid a pro rated share according to the size of the individual debts involved. Any remaining funds become inheritance, and may be subject to income taxes after the fact.
In a large estate, which in most legal definitions involves Real Property (real estate) or other assets worth more than some specified sum (the lowest I’ve seen is $250,000, but the sum for the State of Oregon I’m told is $2.5M), there are some fairly stringent procedures involving the Court which must be followed. But this does not apply to the poor, does it?
Think of the millions of elderly in nursing homes, for instance. They tend to own no property of consequence, and upon their death, most personal possessions consist of brick-a-brack, polyester clothes from the 60s, a TV, and some personal things such as photos and keepsakes. They tend to have some money resources, but often quite minimal in nature. Often, the Executor named and heirs are also poor, or they might have had a nicer place to live out their last days. Such is the case in the Oregon example:
We are talking about a woman named Wordy Mae, last name omitted for cause. She was 87, legally blind, had Diabetes and several other troublesome ailments, and an income of $1,100 a month, of which all but $150 went to pay for her nursing home. Medicine and personal care came out of the $150. Hers was a good Southern name, one especially common to Blacks and poor rural whites a few generations ago. She died with debts of several thousand but only about $500 in her checking account. Her personal things, other than keepsakes, had no resale value and all went to Goodwill.
Check out her artwork, right, one of her unique keepsakes. Though blind, she would spend countless hours hunched over with a heavy illuminated high-power magnifier and see the color sparkles well enough to glue bits of junk jewelry and plastic into artistic patterns.
So, the big question: did her family or the Executor get anything at all? No. The Bank of America is usurping it with clever ploys.
Wordy’s Son was her named Executor. He has three school-age daughters, also named heirs, but it looks like they will not see a penny, not even to recoup expenses as provided by law. This is unfortunate, because he is unemployable due to a disability for which he has no income allowance (why it should take more than eight years to get official disability is yet another rip-off article which should perhaps be written). He lives on about $1,000 a month Social Security from forced early retirement — which in and of itself cost nearly $400 a month in lost income from his full entitlement.
So we are talking about a family that has to choose between food or gasoline perhaps twice a month, and as result frequently has a diet of hot dogs for lunch and dinner, or Raman noodles every day, often skipping a meal altogether. It took nearly six weeks to come by enough money to buy an ink cartridge so he could write (futile) letters seeking resolution. This is also a family, by the way, which had lost their home in the Mortgage crunch during our recent financial debacle which resulted in the banks being paid billions of dollars in the first place. So they are doubly upset with Bank of America, which played a role in that fiasco, as well.
Here is exactly how Bank of America has managed to steal from them further:
Step one: the Bank somehow knew immediately about the death. Well before Wordy’s Son could notify them, the Bank notified him that the account had been closed ‘for protection of the funds.’ One wonders how the bank was notified so quickly, by whom, and how they knew which bank to notify. I’m working on a possible future blog, Banks Own Your Social Security Number and NAME, for one possible answer.
Step two: the Bank sent him a form to be filled out by the Executor. The seeming purpose of the form was to let the bank know how the Estate would be handled. Reasonable… but it redirects correspondence to a centralized and dedicated department of the Bank out of State. No one local to deal with, providing a mechanism for delays which prove valuable to the Bank, as we shall see.
Step three: delay and silence. Bank statements stop being issued, which seems to make sense, given the account was closed. There is no reply from the special department… though non was particularly expected, except that when the form was mailed, the Executor also sent a copy of the Death Certificate and a final accounting of the Estate, with request of release of the funds to cover Executor fees and his expenses in closing the Estate, which were not inconsequential and which had been difficult to manage without personal hardships. There were not even sufficient funds in the closed account to cover this, so all of Wordy’s funds should have gone to him, calling it inheritance or fees as you please. There were zero taxes due.
Step four: two months later, the special department then sent a letter stating that it was prepared to release the funds but was requiring an original copy, not a certified copy, of a County Court document before they could so proceed. Curiously, they did not specify the nature or name of the document requested. Because they did not, and the Oregon Revised Statutes made no reference to any legal requirement for any such document, the Executor contacted the County in an attempt to learn what was required and how to go about it.
Step five: The County did not respond. Repeated inquiries went unanswered for weeks. Eventually, it was discovered that there was a simple form, not much different than already provided the bank in purpose and content. There was associated with it an outrageous filing fee of $112.00 as well as other fees. This was to cover the cost of… well, ‘filing it’ in a filing cabinet. It was not possible to obtain the original, but only to obtain a certified copy. WTF?
Step six: about this same time, the Bank resumed mailing monthly statements. SURPRISE! The ‘no-fee’ checking account which had been closed was now enjoying a $12 a month service charge for… NOTHING. Perhaps the Bank has a filing cabinet to pay for, too?
Step seven: because the Executor could not possibly afford the filing fees, much less obtain an original copy at any price, it seems the Bank will therefore never have a legal obligation (we would presume that their ultimate argument) to release the funds, and will slowly absorb them until they are absorbed entirely through arbitrary monthly fees — which we might presume will be used to fatten Bank Executive Bonus Checks.
It is stories like this, including some personal experiences, which caused me to close my accounts with Wells Fargo and Bank of America when the 99% suggested it was one way to confront the System. I’d go further if I had the bravado and skills… and become a modern-day Robin Hood — and I thought for a moment I could avoid getting caught (I’d not be very good with a bow and arrow against the FBI). But that’s just my anger talking.
If if moves you to sufficient anger to close your account, tell them Wordy Mae sent you. If you feel compelled to send a buck or two to Wordy’s heirs, send it by PayPal to wordymaeheirs at century link net, an addy I’ve established for the purpose.
I’ll match every dollar contributed from my book sales profits for this year. I’m thinking it might change their diet for a while. And if enough people did that, it would make news, and that would further embarrass the System toward useful redress for all who might be in similar difficulties with Banks and local County governments, which are really for-profit corporations in their own right (look yours up in Dunn and Bradstreet if you don’t believe me).
I also suggest you tweet/repost/email this post far and wide. I am lifting all copyrights upon it if reproduced in full unedited, links in tact, but would appreciate an adviso of any such reproduction in the form of a comment to this post. Appreciate you!
- The Federal Reserve: an Appearance of the Fourth Kind (proparanoid.wordpress.com)
- Estate planning: Taking care of your executor (business.financialpost.com)
- Bank of America’s $40 Billion Mistake – WSJ.com (raptureimminent.wordpress.com)
- The Many Ways Banks Commit Criminal Fraud (americankabuki.blogspot.com)
- Bank of America: Too Crooked To Fail (drx.typepad.com)
- Bank of America slapped with $300k sanction (setexasrecord.com)
The Federal Reserve, an Appearance of the Fourth Kind
The best scrutiny of the Federal Reserve, yet
by H. Michael Sweeney, a commentary on remarks and book by G. Edward Griffen
I just watched a video of a presentation by G. Edward Griffen, an author and film maker of the investigative kind , his topic being the creation of Federal Reserve. I’ve been looking at the Federal Reserve Banking System for almost a decade in realization it was a banking industry scam: it is neither Federal (it is a privately held corporation), it has no reserves (it makes money out of thin air), is not a Bank (it is a board of governors who dictate bank policy), nor a System (despite having buildings and employees across the country, all of its functions are centrally controlled, and all of its assets centrally held). Thus what it is, is a pure deception most heinous, even in its name.
But his video opened my eyes wider and provided more revelation than any other Web or book resource to date. I had not heard of or read his own book, of course, The Creature from Jekyll Island, which is the story of the secret efforts of creation of the Federal Reserve in 1910. I urge you to watch this lengthy video, which he opens with a clever and apt quote from a circa 60AD philosopher on the nature of the appearance of things, and it is from this whence comes my choice of title for this post:
Appearances to the mind are of four kinds. Things either are what they appear to be; or they neither are, nor appear to be; or they are, and do not appear to be; or they are not, and yet appear to be. Rightly to aim in all these cases is the wise man’s task.
— Epictetus (c. 60 AD), Discourses, Book i, Chap. xxvii
If you do watch this video, you will see Griffin eloquently illustrate that the Federal Reserve is perhaps all of these in various ways, but above all else and foremost, is an Appearance of the Fourth Kind: it is not, and yet appears to be. You will, thereby, learn some things not commonly known or spoken of elsewhere regarding its evil:
You will learn that there are seven key problems with the Federal Reserve which describe its function or lack of function… as I summarize here, along with some additional information Mr. Griffin did not reveal but which I have acquired in my own research, or drawn from Griffin’s totality of statements — with or without his own direct inference. Such information will be in italics. That may mean simply combining disparate elements of his presentation as if unified, or adding something new or left unsaid, but implied.
1) It is incapable of meeting its stated objectives (but has met all of its secret objectives set by those who designed it — the seven international bankers who already controlled one-fourth of the World’s money).
2) It is a secret cartel operating against public interest in the guise of operating for the public interest (and operating under the guise of government control with the purpose of controlling governments).
3) It is a supreme instrument of usury (the making of obscene profits in the form of perpetual interest on debt created out of nothing).
4) It is the root cause of our most unfair tax (and other taxes such as required to fund bailouts and loans to the International Monetary Fund, foreign nations, and corporations. The same ‘tax’ concept is true of the national debt which it ever increases, over half of all actual tax revenues going to the banks to pay this interest to the banks).
5) It is a tool and key sponsor of and participant in Totalitarianism, Fascism, Dictatorships, endless wars, and Globalism and the New World Order. As such, it seeks to undermine and destroy the national sovereignty of the United States in preparation for a one-world government… owned or controlled by the banks.
6) It was a tool designed to give New York Banks (ONLY) a means to control and limit the power and growth of any and all banks outside of New York, which was exactly the opposite of intent when Congress moved to create the Fed, thinking instead they were limiting the growth of power of the New York Banks which was already considered too great and a threat to the nation.
You will further learn how much secrecy and fraud, and downright skullduggery was involved in the creation and perpetuation of the Fed, and who was involved. There were seven Men, all extremely powerful banking moguls who had, until this point, been competitors duking it out for supremacy. Formation of the Fed was to be the ultimate monopolistic cartel, one contrary to every precept of American fair play, free enterprise, and legal prohibition on topic. I name additional conspirators.
1) Senator and Republican Whip, Chairman of the National Monetary Commission (to reform banking), Nelson Aldrich. He was the Father-in-law of Nelson Rockefeller and thus quite tied to the Banking Industry he was supposed to help regulate. He is the one who called together the six other men it extreme secrecy. You won’t believe how much trouble they went to maintain that secrecy, and why it was necessary.
2) Abraham Fiat Andrew, then Secretary of Treasury, and friend to the others.
3) Frank Vanderlift, President of the National City Bank of New York, a bank so large it held assets for both Rockefeller and Loeb investments.
4) Henry Davidson, Senior Partner for J.P. Morgan, one of the largest of the N.Y. Banks, better known as Chase Manhattan, today.
5) Charles Norton, President of the 1st National Bank of New York, another huge bank of the day, the original ‘Chase’ Bank, but now Citibank. We thus in Chase Manhattan now have two of the conspirators.
6) Benjamin Strong of J.P. Morgan Banker’s Trust, who would become the first head of the Federal Reserve.
7) And the granddaddy thought to be the true architect, Paul Warburg, Partner in the Loeb Banking concerns, the Rothchild Bank, and Brother to Max Warburg who ran sister banks in Germany and elsewhere. This is why you often hear that (incorrectly) the Fed is owned by foreign banks. The belief is only true to the extent of influence involved, but not actual ownership. It is also true that the FED can now loan money to any other international bank at American taxpayer expense.
8) A de facto partner of sorts, would be Nelson Rockefeller, who in addition to the banking ties already mentioned, owned the railroad which provided the train to pull the private railroad car used by Nelson Aldrich to convene and transport the Cabal from New York to their final meeting place at Jekyll Island in Brunswick, GA. Certainly, his Banks became partner (owned shares) in the Fed once created, and profited thereby.
9) Other possible de facto partners could arguably be the Brown Brothers Bank and Harriman Brothers Bank, who would soon merge to form Brown and Harriman, and later evolve to include Harriman and Bush Banks (yes, that Bush family, starting with Prescott Bush, then George Bush, and the younger George). Harriman owned the company that made the rail car pulled by the train. It is interesting to note that fully half of the senior partners of Brown and Harriman were members (8 in all) of Skull and Bones, including Prescott Bush, and later, his Son and Grandson, future Presidents all. Harriman and Bush would later be convicted of conspiring to aid the Nazi war effort during WWII under the Trading With the Enemy Act. But that’s OK, so was AT&T.
All these banks also participated in the Fed.
You will additionally learn just how these 7 men, on behalf of at least as many New York banks, conspired to trick Congress and the People into thinking creation of the Fed was the opposite of what it really was, and how they profited thereby (both the Government and the Fed member banks):
1) Government got access to unlimited money supply on demand, and had the ability to impose effective taxes without publicly levying tax and risking voter ire. Inflation caused by printing money out of thin air (fiat currency) is nothing more than a tax in that it funds government spending and takes money out of the pocket of citizens in the form of reduced spending power in order to fund government.
2) The banks got to capture and grow the lending market as a monopoly, and control interest rates to their advantage, which even when extremely low and next to nothing, would still reap huge profits because instead of having to lend based on money of their own being put at risk, they were able to charge interest on money created out of nothing at zero risk.
3) The banks got to have access to collateral they could repossess when a borrower failed to repay as agreed, which was far more valuable than the interest. Thus bad loans were to their advantage, instead of being a true risk.
4) The banks were assured they would be bailed out by government if they ever got into trouble, and better still, would be able to profit whenever government bailed out anyone, made loans to other nations, etc.
5) The banks acquired access to an unlimited and ever growing (exponential) supply of wealth (profits with no overhead or seed money on their part) which are being use to buy power in all high places World-wide. They are both the fulcrum and the lever for the 1%, the Bilderbergers, the New World Order, all.
Mr. Griffin is an excellent speaker with good charisma and I highly recommend this video. Upon watching, at the end, some viewers might suddenly get a bad taste in their mouth, however, as it turns out the speech is given before a group meeting of the John Birch Society, and some of the comments are encouragements of their efforts.
Please do not let the disinformation and rhetoric which exists for the purpose of discrediting the JBS as some kind of evil right-wing extremist group dissuade you from the valuable truths and facts revealed by Mr. Griffin. If for some reason you view the JBS as ‘bad,’ I suggest you review any of their own material and compare it to the bad things said about them, and you will see disinformation at work. I’ve yet to find anything JBS has done or said which fits the negative commentaries. I have yet to find bad things said which did not turn out to be disinformation or mere political rhetoric in support of contrary views (e.g. politicians guilty of eroding the Constitution attempting justification through vilification of their critics — the JBS).
That said, I’ve also yet to make up my own mind if they are 100% aligned with my own beliefs, but when it comes to the FED, we certainly can agree: End the Fed. That brings us to yet one more key point made by Griffin: It does no good whatsoever to attack the Fed or expose its evil. In point of fact, they themselves fund groups who do just that, that they may control their direction and insure they do not do the one thing which really matters, which is TO PROPOSE A WORKABLE ALTERNATIVE. Griffen shows how futile the more commonly proposed alternatives would be, such as an audit proposed by Ron Paul.
With that said, I would further point out that my own proposed alternative may interest you, as found at my blog post on 24 Campaign Planks: H. Michael Sweeney for President. Just how to end the Fed is quite well addressed there (while several planks are part of the total answer, start with plank 3). Hope you like it.
- How FED Co Conspirator Bank Robs the Poor and Their Dead (proparanoid.wordpress.com)
- 24 Campaign Planks: H. Michael Sweeney for President (proparanoid.wordpress.com)
- CLASS ACTION LAWSUIT AGAINST THE FEDERAL RESERVE BANK, 4/26/ 2011 – (and duly ignored) – thanks to P. (jhaines6.wordpress.com)
- Federal Reserve Directors’ Banks and Businesses Took $4 Trillion in Bailouts: Report (commondreams.org)
- Ron Paul’s Federal Reserve Audit Approved by House Committee (sgtreport.com)
24 Campaign Planks; H. Michael Sweeney for President of the United States?
No one would, I hope, consider me a serious candidate, and certainly no one mainstream would consider my ‘extreme’ planks as reasonable… though that would show they have no clue as to what true conservative politics are. I am neither left nor right wing, though I have been called both. All I seek is to restore the country to the state it was in before government got so powerful it managed to destroy the country, a kind of political time warp going back some 50 to 100 years. In simpler terms, I’d restore the government of the United States to a Constitutional government as envisioned by our founding fathers. How left- or right-winged is that?
Indeed, all the policies put in place in that time span which have gone awry and led us astray would by those governmentals in power at the time would surely have seemed to be the radical (both to the left and the right) notions in the eyes of the likes of Jefferson, Hamilton, and Franklin, et. al. Our country had run just fine for more than 100 years without such changes, and is now on the verge of extinction because of them. So why not fix it? Because it’s radical?
But that all means is that I’m a a strict Constitutionalist, which also means I am per the current use of the term by media not just a radical extremist, but even a terrorist by some standards, which I take as a badge of honor in the face of the tyranny of an unconstitutional and lawless government. But then, so are you, too, just for reading this, because endless Draconian legislation and the public rhetoric of power brokers desperately seeking to retain status quo must consider you guilty by association. FBI, in fact, now considers ANY contact with ‘extremist or terrorist’ groups as justification for surveillance targeting. I’ve written about that extensively in my books on personal privacy and security.
You have no right to use your mind as you see fit, and are a become part of a growing danger to the status quo (keep it up!). The government spies on everybody, and in their reasonable paranoia (because the angst of the 99% is nothing compared to the disgust felt by the many who did not hit the street out of fear). And it is that; they use fear of terrorism and of government heavy-handedness (Police, TSA, FBI, NSA, CIA, and others, to include even the military, of late) to tighten their grip, and event to get us to spy on each other. Replay of Nazi Germany tit for tat. Got your Brown Shirt and armband handy?
Because those of us who are fed up with the status quo… with the New Boss being the same as the Old Boss (and largely lost to their power-mad tyranny)… fed up with the corruption, the pork, the endless signing of Bills without even reading them (largely lost to their greed-driven treason)… and fed up with the steady march toward a New World Order and a Police State mentality (largely lost to their Globalist Fascism)… will LOVE my planks.
But since I am not running, let’s just say it is for mere entertainment and intellectual exercise that I present my planks… which might be described in a motto, ‘Restore the Republic.’ It would effectively de-centralize the Federal government’s power for all except things which were critical to National viability. What most of the Federal agencies are and their functions can be done better and less expensively, and more gently, by the States, or is best left undone at all. I seek to undo.
Unworkable? Unrealistic? Nieve? Sure. But the best ideals ever adopted by humanity through history started out that way. It was, in point of fact, one such ‘unrealistic’ ideal which drove both the French and US revolutions and their resulting Constitutional structures. Those revolutions were driven by a multitude of nieve ideals, just one of which was stated in mutual paraphrase by both Jefferson and Montesquieu, here.
This, and many other like remarks summed ‘radical notions’ unheard of before the Magna Carta, quite unworkable and unrealistic in face of the virtually unlimited power then held by Kings. But when ideals and goals are lofty enough, idealists everywhere will find a way to make them workable, and make them real, despite any ignorances in the beginning. Stumble along the way as we learn, say I. Far better to stumble going forward up a tough hill than to take easier path; sliding down the slippery slope of despair into the total ruination which seems now so near at hand for our once fair Land.
So you can’t vote for me (write in’s excepted), but you can try to pressure candidates to adopt these planks or some other workable overhaul, and vote for the ones that come closest to meeting your wishes. Right now, for me, that would be Ron Paul, in my opinion. Or you can give up and let the NWO win. Or you can pick up a gun and start a revolution with no guarantees of surviving the effort. There are no other choices, the later two so frightening and yet so near on the horizon by the clues at hand that I pray to God for a miracle to prevent them. I suspect we would agree some kind of an overhaul is in order, so humor me then, please, with an overview of the planks… not presented in any order intending to imply priority. Moreover, they are but a small sampling of wrongs in need of righting…
Plank Number One: Critical Review and Reversal of Presidential Executive Orders
In the first 90 days I would move to review thousands of Executive Orders since Lincoln with an intention of reversal of those which have quietly modified the institution of Government in ways which have proven to be tragic in the long run. For all my love for Lincoln, he started us down the path of ever growing, unchecked Federal power, the bulk of which resides in the Presidency. Some tweaking is in order, it would seem. We don’t know about every E.O., because untold hundreds of them are not for public consumption (which makes me nervous about their purpose and result.) But some of them we do know about, as they tend to make their way into the Federal Register (on line). Here are just a few examples… one of which curiously needs enforcement, rather than revocation.
Revoke EO 7933-A By Franklin D. Roosevelt. It allowed the IRS to investigate the finances of those under suspicion of unamerican activities, a provision in support of the McCarthy witch hunt in the Red Scare. Since it is still in place, even though the House Committee on Unamerican Activities no longer exists, this EO may represent a potential source of political targeting by the IRS against Muslims and the politically incorrect among us by our paranoid government.
Order the enforcement of EO 111110 by John F. Kennedy, which was intended to restore the power of the U.S. government to issue money, and end the ability of the private bank of the Federal Reserve from making loans in the form of Treasury Notes to the U.S. government and charging interest. THIS, is where the National Debt comes from. This EO was never enforced, perhaps because JFK’s assassination rendered it ‘unknown’ in some way, or irrelevant under the helm of Lyndon Johnson. However, it has never been revoked, but was ‘nullified’ by a sneaky E.O. 1208 by Ronald Reagan, which needs to be revoked. Upon such corrections, therefore, a new EO would be appropriate which denies that portion of the National Debt accrued since the signing of 111110 June 4, 1963. It is, by EO 111110, stolen money, ill-gotten gains. Go fish, Globalist bankers.
Revoke EO 6102 by Franklin D. Roosevelt, which prohibits citizens and corporations to ‘hoard’ Gold. Ostensibly to allow the U.S. Government to protect and enhance its own Gold reserves in backing of U.S. Currency, the EO remains non functional given that the U.S. no longer employs the Gold Standard, preferring instead to pay huge sums of interest for printing endless IOUs to the privately held Federal Reserve Bank, which is not a government agency. Revocation would allow free ownership and barter of all forms of Gold and Silver by any citizen or corporation for any purpose. Use it or lose it. Moreover, as President, I would demand a tour and inspection of content at Fort Knox to see if there is actually any gold left there, at all, or if it is now fake to cover a suspected theft.
Revoke EO 12148 by Jimmy Carter (and roughly 15 related E.O.s) which would disband F.E.M.A. A replacement agency which truly represented emergency management and did not represent a potential tool for total power grab and abuse of power as the agency has so faithfully exhibited as its true purpose or limit in ability (next paragraph). I would propose that each STATE have its own local FEMA replacement entity under local State Government oversight cojoined by a centralized Federal oversight body to insure that once activated, the State’s best interests were maintained with respect to cooperation in aid between States and the Federal level. Each State, however, is its own boss as to how and where such aid is delivered internally.
Few people realize how insidiously powerful FEMA becomes in the event of Martial Law or even a simple localized emergency declaration. They will control EVERYTHING including how much food you have on your shelf, if you can travel ANYWHERE (even to work), or if you can buy or possess ANYTHING, and much more. They gain control of all aspects of social life, including your kids, your medical choices, etc. And as seen in the aftermath of Katrina and in the wildfires of Texas, FEMA is NOT our friend, but our mortal enemy. Worse, that State of Emergency is already declared, and has been since 2001, and you will not believe what FEMA’s role is to be should they choose to act on their power. Under Reagan, plans were discussed at the highest levels of government for FEMA to intern blacks in concentration camps. You can bet there is an E.O. somewhere adding Muslims to that list. WTF? Now all those conspiracy theories about FEMA camps don’t seem quite so ‘theory.’
FEMA must die as a NWO Fascist instrument, which means a lot of E.O.s must be revoked.
Revoke EO 13158 by Bill Clinton and EO 13575 by Barack Obama, and others, which transfers large tracts of U.S. wild lands, rural and Agricultural lands to control of the United Nations with loss of sovereignty — no Congressional approval sought. The former to establish 47 ‘biospheres‘ where U.S. citizens have been threatened (by signs, mostly, but at times, by armed military types from unknown units and sometimes speaking foreign languages) with severe punishment for tresspass. Such acts had been reported frequently over the years in the now defunct Spotlight newspaper, with further documented covert military operations and/or Soviet made military hardware storage was taking place at biospheres, ostensibly U.N. related. Yet the U.N. officially states it has no such operations or equipment in the U.S.
The later has (Obama gave up rural/agriculture land) to do with something called Agenda 21 — which essentially sponsors corporate monopolies of the food supply, but which is seen as an extension to the biosphere scheme and heir apparent to Codex Alimentarius, which is its own matter to be undone in another plank. Agenda 21 is also quite related to massive depopulation and eugenics programs which would make Hitler’s attempts to eliminate Jews seem a mere cursing in the wind. Obama is further moving in that same direction in an attempt to turn over all agriculture to control in the U.S. to a few corporations spearheaded by Monsanto. Under Agenda 21, private ownership of land is not be allowed, nor is growing your own food, nor for the matter, growing natural food; all must be genetically modified and/or irradiated.
Plank Two: Force Congress to DO IT’S JOB
E.O.s are SUPPOSED to be reviewed by Congress and approved or denied, becoming de facto law if not denied. Congress has fallen down on the job, and my Plank would include requesting a law forcing Congress to… well, do what it should. It must debate, in closed hearing if necessary, each and every new E.O. and come to a decision within a narrow time line. In like manner, each Congressman MUST read every page of every bill. Only by being fully informed may one debate and decide legislation in a way useful to the nation and its people. And finally, no Bill may be passed which contains buried legislation unrelated to the Title of the Bill, thus ending Pork Barrel and time bombs waiting to be discovered. It it deserves to be law, let it be its OWN law unto itself, alone, or let it be non existent lest it foster ignorance of the law by its buried nature. If there was a way, I’d want the law to read that any Congressman who voted for a Bill which was found by the Supreme Court to trample on the Constitution would be subjected to an immediate recall vote (but that would likely also require State law changes).
Plank Three:a) End the FED, b) establish a GNP Monetary System where money is c) controlled and printed entirely by the government and d) tied to the nation’s financial health.
Based on the Gross National Product and the value of labor and goods, it is a bit complex to explain, here. The basic concept is that money supply cannot exceed the GNP (the value of the output of labor and goods). The GNP is to the number of workers a relationship by which the standard of living is evolved. More workers and lower GNP means lower standard of living, and less money minted, as does a constant GNP and more workers. But more workers and more GNP means a fairly stable standard of living, and money supply, while any boost in GNP greater than the increase in workers means a higher standard of living and more money. Interest rates would tend to remain constant or suffer mild fluctuations in all but the most severe of economic swings.
Minimum wage and adjustments thereto for promotions and the like would, in addition to performance merits, be based on a baseline GNP determination, not unlike the way we use a baseline Prime Lending Rate from which all other lending rates are devined. The price of goods would be based on the cost of production which includes the cost of labor, vs. the contribution the goods represent to the GNP. And then, of course, there is the matter of taxes – see next plank.
Plank Four: End the IRS as we know it
No more Federal personal income tax! No more Federal corporate tax! Instead a value added tax in the manufacturing processes. Raw material collection (taxed when sold to processors); raw materials processed (taxed when sold to manufacturers); processed materials made into components (taxed when sold to product manufacturers); products and assembled goods (taxed when sold to distributors/retailers), purchased by resellers to consumers – tax free except by State tax options. States would be encouraged to adopt the same model. The actual tax rate would be quite small, but 100% of all GNP commerce other than services would effectively be taxable and generate sufficient revenue to allow the Cost of Goods sold to cover the tax. Services are NOT taxed, and therefore, all such labor contributes 100% toward the GNP tax free.
Yes, you would pay more at the store for the goods you buy, perhaps offset somewhat by the lack of corporate taxes which are already causing prices to be higher, but you would no longer have 1/3 or more of your income eaten up by separate tax payments and you would have NO REPORTING OR FEDERAL SNOOPING, INDEPENDENT IRS COURT SYSTEM, and NO IRS TO WRITE ITS OWN LAWS, etc. And remember, much of the National Debt has been wiped out in Plank One, so taxes actually go to funding government operations, not to retire a bit of the national debt owed the banks for all that illegally printed money. A huge chunk of tax revenue today (up to 75% of taxes) goes directly to the banks as interest payments.
Plank Five: Make the nation pay for What it Buys When it Buys It
You want to buy a tank, Mr. Army? Want to build a spy satellite, Mr. CIA? Want to build a highway or dam, Mr. Congressman? Use the money you actually have in hand from tax collection, or you can’t have it. Don’t even think about writing legislation you can’t finance from taxes. A balanced budget with ZERO National Debt should be the law of the land. This also means that Social Security funds must be reimbursed and payments updated to reflect where they should have been prior to the looting process (SS is its own plank.)
It does NOT mean that you raise taxes to buy something you can’t afford at the moment. Since taxes are collected DAILY, the Congressional ‘checkbook’ has an income stream against which you may write legislative checks as you need them. Live within your means, Congressmen. Emergency funding for dire circumstance is handled by borrowing from the banks only to the extent that payments are clearly within the ability to pay from the monthly income stream. So I suppose the fat bankers can still sponge a bit off government, but it would in such a case also be to the advantage of government and to the people, where as currently there is only the one winner at the piggy trough.
Plank Six: End the Alphabet Soup Intelligence Agencies
The TSA, DOJ, FBI, DEA, CIA, NSA, DOD, DIA, HSA, etc., etc. represent a top heavy superstructure of spying on Americans that MUST stop. I’d rather completely fire all these people and deal with the aftermath of villains running amuck than put up with the crap I’ve seen first hand as victim of endless COINTEL PRO style targeting (of myself and my clients). This is the number one source of fear of government in America, exactly as it was in the Soviet Union before their revolution.
But that extreme is not required. Cleaning house, redefining goals, and placing checks-and-balance style limitations on them will, in most cases, be a good fix. In some cases, like HSA, NSA, CIA, the housecleaning will be so significant that they may feel like they were done away with, but their root defined core jobs will be left in tact. In other cases, redundancy is found to exist and that can be eliminated, and in yet others, there is simply no just purpose not better served by some other means. This plank would be a literal death warrant for any candidate so proposing, I’ve been repeatedly told. I mean assassination. So what does that tell you when U.S. Citizens fear their government such they believe it would assassinate civilian politicians to preserve status quo?
Plank Seven: Give the Indians Back Their Land
I would offer to the stoic Tribes of American Indians complete responsibility and control of all Federal Lands not used as military reservations. This would end the BLM, Fish and Wildlife, and assorted other agencies, and place forested and wild lands, national parks, and other lands in the care of the people who loved it most, and took far better care of it than have we. Much of the current budgets of these agencies would go to the Indians to fund that management. They would be required, of course, to allow free access to public lands, but empowered to stipulate rules of use to insure the lands were not fouled or abused. They would inherit the resources and manpower of the aforementioned agencies as tools they may freely mold and reshape as they see fit. All treaties would be rewritten to undo prior treacheries as well as could be managed, the new lands being added to their reservations under joint ownership, but useful to their communities to include relocation and new settlements. I would not intend Casinos or industrialization of the type now all too easily approved on these lands, or other uses not now allowed, but all other good use to the Tribes would be their right.
Plank Eight: End Corporate Personhood As it Exists Today
Not quite an ending… but I’d move to make corporations more like real people. For one thing, that means they have a life time to live, and a means of producing children to survive them. At the end of their life, their children (spin off corporations) carry on the same family name, clients, products and services. Like real people, they also must be held accountable for their actions with real impact to the corporation as well as its Boards and Officers, and in a manner consistent with the same acts if committed by a real human. Toward the end of longevity (say 100 years), a corporation would split into one or more sub corporations (children), which would give all employees who ever worked for the corporation, even if just for one month, a pro rated share equal to their contribution in labor to be credited toward stock OPTIONS at the prior value of the original firm when they were FIRST hired. Over time, ownership falls more and more to employees and less and less to moguls and block stock investors.
By such a scheme retirement programs might be eliminated, providing a nest egg for retirees without increasing corporate obligations over time, and the ‘children’ would gain fresh funding for a growth spurt during their formative years. I would seek controls of Boards of Directors which prevent the same men from sitting on multiple Boards in a manner which puts too much control of a sector into too few hands. I would end the revolving door; seeking a ten-year waiting period for government personnel before allowing them to work for firms in any sector in which they held a position of related service in government, and in like manner disallow any member of an industry to serve as more than advisor to government, certainly not as administrator in any government oversight of that industry’s affairs. To be hired by a firm as a former government employee, and vice versa, should be based on expertise born of their experience and not clout and pull still in place with staffs remaining in recently vacated offices. Period!
Plank Nine: Establish a Free Press and Transparency in Government
Currently there exists a kind of de facto partnership in America (and a mirror situation in other ‘free’ countries) between the Military, Industrial, Intelligence, and Media sectors… forming MIIM, the Military-Industrial-Intelligence-Media complex. Media is controlled by a small handful of individuals who are largely in bed with the other sectors. At one time (at the time of the friendly fire shoot-down of flight 800), all three major television networks were outright subsidiaries of military contractors, which is why they fired any reporter who said anything on air about friendly fire.
Currently, there still remains employed within media, which includes the entertainment and advertising sectors, thousands, if not tens of thousands, of CIA and other agency personnel, to include military proponents serving as mouthpieces for the very undue influence President Eisenhower warned of when he left office (listen carefully to his Farewell Address video and you will see that he warned us about almost everything these planks address). This was a direct outgrowth of CIA Operation Mockingbird, and only the tip of the current iceberg.
If a means of insuring that ownership has no impact on editorial and reporting departments cannot be easily found, I’d just as soon provide equal funding to alternative underground news sources. All employees who were government shills would need to resign or face charges of treason if uncovered after the fact, because disinformation is treasonous in any government of the people, by the people, and for the people. Thus media must have good access to government, and government must be frank with media. While national security can make it important not to reveal the full truth of a given matter, lies should never be national policy, at home, or abroad. Even an enemy MUST know we are truthful that they not misread our intentions, and we should never betray a friend by a lie, especially our best friends, our very own citizens.
Plank Ten: End Foreign Aid and Foreign Policy as We Know It
Foreign Policy and any resulting aid should be about helping those in time of great need. It should be about bolstering defenses of weaker nations against predator nations. It should be about encouraging free Republics and free enterprise (not Democracy, and not capitalism or free trade – there are significant differences). It should be about bootstrapping struggling nations that they might become financial and social partners in World building (not New World Order building). It should be about assuring health and wellbeing of human kind ((not the wellbeing of the big pharma firms), and done regardless of race or political creed.
It should not be about politics, fat military contracts, or quid quo pro deals for fat cats. Israel is a strong, wealthy, proud, and fully independent nation. Mutual defense agreements, yes. Arms sales at competitive prices, yes. But the billions must stop flowing to them and other nations as a means of buying loyalties, funding MIIM, and aiding the march of the NWO. You don’t buy friends and good neighbors, you build good neighbor relationships and cement friendship by actions, by standing by them in a time of need, and by being fair. You don’t take food out of your own children’s mouth and give it to the neighbors when they have their own.
Plank Eleven: Fix Health Care and Confront Pharma
Step one is to forbid Pharma to advertise to the public. Doctors, perhaps, via medical journals. This will lower prescription prices. Step two is to forbid insurance companies from forcing deductibles or co-pay minimums at term start, which effectively eliminates the poor from getting health care even when they have insurance. I myself have insurance which I and my children cannot use for this cause. Step three is to stop the fat-cat billing schemes inherent in Medicaid and Medicare which allow hospitals and doctors to rake in tons of money for outrageous charges and unnecessary procedures. These need to be replaced with a monitoring system that rewards discovery of overcharges and excessive billing.
In my own extended family I can cite countless thousands of dollars in endless examples both at private practice and hospital levels. Step four is to establish government oversight, which will never work unless the FDA and CDC is eliminated and replaced with a body that protects the people rather than the corporations. Step five is to FULLY investigate the origins of HIV, Avian, and other man made virus,’ including Cancer, and to ALLOW alternative medicine cures to be explored.
Step six (step one, really) is to shred Codex Alimentarius, Agenda 21, and related NWO efforts. GMO crops should be illegal unless passing stringent tests by outside agencies. Currently, it seems, no GMO crop could pass such a test and represent a greater long-term health threat than the Black Plague. A Congressional investigation of Monsanto actions is in order.
Plank Twelve: Fix Agriculture and Immigration
Step one is to make it illegal for any firm to control more than 15% (or some number which assures competition still thrives) of a food supply or aspect of production and distribution — no monopolies such as enabled by GMO and Agenda 21. Step two is to enforce current labor laws against employers instead of focusing only on illegal workers, which would tend to make illegal migrant emigrants less of a an issue. Step three is to naturalize all current illegal aliens who can pass minimum tests for language, non criminality, and health, and simultaneously truly seal the borders and evict all who do not pass the standards. Step three is to allow conditional work visas for would-be emigrant migrant workers based on a system of work demand vs. worker supply such that if non emigrants will take the jobs, they may more easily do so without competition from illegals. Step five is to stop teaching mainstream courses in multiple languages in our schools. You must know English to go to school, where if you wish to learn a second language as its own course, you may do so. So if you want to be a migrant worker crossing the border, learn English first or leave your kids behind.
Plank Thirteen: Stop the RFID Technology Threat
If you do not understand the nature and threat which Radio Frequency Identification Devices represent to your personal liberty, then you have not read my books or been paying good attention to the Web. I suggest you can ‘catch up’ by listening to my Webinar interview with Republic Magazine… about 32 minutes into the interview. The one simple way to stop RFID as a threat is to simply require them to be removable or destroyed at point of purchase, and that all such product be prominently labeled.
Plank Fourteen: Stop Canamex COLD, Kill NAFTA/CAFTA and Job Exportation
This is a broad topic beyond the scope of usefulness in this (already too-long) an article. I would simply repeal or renegotiate the agreements in place and write Canamex out of existence. See my blog post on Lion Dance, or request my free newsletter on Canamex for an eye opening explanation of why this is a critical step; email proparanoid at comcast net.
Plank Fifteen: End the Drug War and decriminalize illicit drugs, empty the prisons.
America, with a population on par with Europe, has a half million people behind bars for drug related matters, more prisoners per capita in this one category than most other nations have for all crimes combined. It is a fake drug war prosecuted by a CIA front agency (the DEA was founded by top CIA operatives) as a tool to protect illicit drug sales by sanctioned CIA conduits. It forces the price (and profits) artificially high, and fosters a prison-based economy to the delight of corporate greedsters. Take away the criminality and replace it with treatment, and it will cost our economy one tenth as much, boost GNP, and make it less profitable for Cartels and CIA alike. Pushers stay in jail, users walk.
Plank Sixteen: Fix Voting and Census
The Census is very critical to certain functions of government, including Districting for voter representation and the voting process. But the Census can be done in a way which is not invasive and a violation of privacy, and is kinder to those less disposed to cooperate. The solution is similar to a solution I have in mind for fixing the less-than-trustworthy voting system. These solutions are too complex to fit a paragraph or two, but essentially decouple raw information from the identity of the individual after a simple verification process, which is to say, that in the passing of information, identity verification simultaneously dissociates the information with the individual. Additionally, a verification process facilitates the individual’s ability to verify their vote or census material was correctly tallied and attributed as intended, all the way up the ladder to the final tally. The general method may be loosely described as being similar to certain email encryption schemes involving keys in possession of both the sender and the recipient.
Plank Seventeen: Get at and Expose the Truth
JFK, RFK, MLK, Peltier, Riconosciuto, Christic Institute’s Secret Team, Mena, OKC, Waco, S&L, CIA/DOD mind control, MJ-12 and UFOs, and above all, 9-11 and the Derivatives Scam. Conspiracy theories, my a**. If the official facts are in conflict with themselves and defy reality and/or logic, but are accepted and tendered as truth, that is a kind of proof of a cover up, and any time you have a cover up, it is automatically a conspiracy as a matter of fact. It therefore justifies further investigation by independent and unbiased participants. Truthers will out.
Plank Eighteen: End Globalist Traitor Domination of Government(s)
You cannot be a patriot and serve fellow citizens in office if your true allegiance is to a Globalist agenda which would seek the end of national sovereignty. An oath of political office should include declaration of non alliance, affiliation, membership, or sympathy for the goals of Globalist organizations such as the Bilderbergers, Tri-Lateral Commission, Council on Foreign Relations, Skull and Bones, and the like. To violate the oath would make one subject to prosecution and imprisonment.
Plank Nineteen: Kill the Military-Industrial-Intelligence-Media Complex
While this has already been addressed in part above, I would additionally want every black operation and military and intelligence project currently in works or previously undertaken reviewed. Where such operations were deemed either in support of a New World Order or in support of MIIM profiteering or power grabs, all persons associated with it at management level would be subject to investigation and possible prosecution for treason.
Plank Twenty: Fix Social Security
This is easy to do. As we see in planks 3 and 4, funding SS as it was intended will be quite doable, with additional help by easing of government costs resulting from many of the other planks. Further, plank 8 gives employees of corporations a built-in retirement program vastly superior to SS, and thus SS obligations now active would be come locked in or ‘grandfathered,’ but it would become a voluntary program at each new employment opportunity. Further, I would enforce the law regarding SS numbers and force the elimination of all electronic data and forms outside of the Social Security Office of said numbers. It has no place in credit reports and other records.
Plank Twenty One: Explore an alternative to Daylight Savings Time; Social Time
Our highways are clogged, unemployment is high, classrooms are crowded, stress is high. A long list of such social complaints can be offered. I propose a review of what I call Social Time, presented here in oversimplified explanation; a work day definition is cut to seven and a half hours paid, plus another hour for lunch and breaks, but the bulk of social infrastructure both private and governmental would be expanded from ‘a day’s work’ to a full 24 hour work cycle. That would mean, with broad participation (voluntary for the most part), that businesses and agencies would be open at all hours, which would dramatically reduce volume of client traffic at any given hour and spread it out somewhat evenly over the whole clock.
This would allow some reduction in manpower needs on an hourly basis, yet often provide new jobs to support the extra hours. As time progresses, the work day for an individual would start 90 minutes later each day, thus revolving everyone through all twenty-four hours over the space of just under a month — 14 times a year. We would not need to build more schools to reduce classroom crowding, or more transportation systems to handle population growth, etc. GNP and employment could only benefit, and make the country more competitive. Part and parcel of this idea is to END PART TIME EMPLOYMENT loopholes for employers who don’t want to offer benefits. EVERYONE GETS BENEFITS, but under the various planks outlined above, the cost to employers for benefits will decrease.
Plank Twenty Two: Establish True Redress and an Initiative Process
Whistleblowing shall not be punished. Lawsuits against government for violation of rights or constitutional violations shall be funded by government. In balance, should government win the case, the costs will fall back to the plaintiff. Any citizen can propose a law for consideration in a process similar to that found in several states, such as Oregon. If such proposed law meets constitutional tests, is written to legal requirements, well defined and stated, and can earn popular support (signatures of citizens who so support), it can be sent to Congress for debate and possible passage. In Oregon, the law goes to the ballot for vote by the people, as does all legislation proposed by State legislators. See next Plank on how this might play at a national level.
Plank Twenty Three: Review of possible Constitutional Change from Republic to Advocated Democracy
Especially where initiative process (prior plank) is in play, the use of the Internet could allow, with careful creation of safeguards as also addressed in earlier planks, a way to allow the people to vote on Bills rather than Congressmen. This would be an Advocated Democracy, where elected Representatives (the Republic style) would instead merely propose or debate initiative proposed laws. This would be broadcast and each citizen would then decide to vote for or against the legislation. No more pork barrel, no more bribed Senators, no more fat cats, no more buried language, no more end-run legislation. Just pure simple will of the people.
Plank Twenty Four: End Non Consensual Testing on unwitting subjects, and use of Political Control Technology (PCT)
Last but perhaps foremost in terms of being close to my heart. While current laws prohibit non consensual testing or use of weapons, drugs, and procedures on citizens, there are far too many loopholes which allow it to take place. In my books I cite countless examples, and as consultant I work with victims of it every day. Worse, the very agencies established for the purpose or which otherwise have authority to enforce such laws, are compromised by intent or by lack of training and resources, not to mention handicapped by their very belief structures. It is a sin that Police, for instance, automatically presume one crazy for hearing voices in their head when it is a known fact that CIA and Department of Defense has spend billions to develop technology which allows anyone to be targeted with such experiences, generally with the express purpose of discrediting the target by making them seem mentally imbalanced.
I’ve already proposed language for laws which properly address this topic, and submitted them in written testimony to the Massachusetts State Legislator when they were considering such a Bill. Currently, the military and CIA are developing new PCT faster than we can learn of it, generally under the guise of antiterrorism and funded through Homeland Security. It is a joke to presume that any of this technology can in any way prevent terrorism. It can only enable political control of the population, and nothing more.
- The Best: Tracking You and Your Family Just Got a Whole Lot Easier (whiskeyandgunpowder.com)
- How Roosevelt Sold Us to the Higher Bidder: the Federal Reserve (myvoice2012.wordpress.com)
What Will You U$E For Currency When T$HTF?
Posted by Author H. Michael Sweeney
The more we move toward a cashless society, the more we are at risk should some financial, political, or natural disaster transpire which weakens or destroys societal and governmental dynamics. What people will accept in payment or trade for scarce and critical supplies could threaten your life if you don’t have any, or the cost may be more than you can afford, if you do. Here are some ideas to help you be prepared.
by H. Michael Sweeney proparanoid.wordpress.com proparanoid.net facebook
copyright © 2016, all rights reserved. Permission to repost hereby granted provided entire post with all links in tact, including this notice and byline, are included. Please comment any such repost to original posting.
In this post you will learn…
• what makes money valuable is also what can make it worthless;
• plastic and precious metals are useless in the aftermath of crisis;
• why government frowns and suppresses barter, and why to embrace it anyway;
• cash is usually aftermath King… but not always;
• whole new currencies evolve in serious or long term aftermath.
What money is, and why it has value
Money is nothing more than a convenient way to conduct ‘commerce’ (trade goods and services) with a standard and portable stand-in for something else of value. For this to work, all people within the trading area must agree to use it as such, and ‘it’ must have a definable and concretely known value. Any system of money is best handled by the local government, be it a tribal village in ancient times, or a modern industrialized nation. Or, it can be done by a network of banking and financial institutions, or even a combination with government. As we will see, banking options are good for them, bad for everyone else.
The later is what we have, today, and it suffers two problems most of us are aware of, both stemming from the banking side. To fully appreciate that, we should step back in time just a bit. Please take the time to read what you may otherwise presume already to know, because the points made in this section will play to remaining sections in critical ways. This is because only governments used to issue money, and to establish its value, they could not and dare not create money unless they held something of value in reserves somewhere, something of concrete and great value to back it up. Most nations, as did America, used Gold; the ‘Gold Standard.’
Whatever the value standard was, a citizen could go to a bank or government Purser, and demand to trade in the currency for its value in that item (i.e., Gold), or vice versa. This system guaranteed the value of the currency to a known unit of measure, and tended to help establish and maintain a stable economy, and made international trade viable; each currency had a concretely known valuation, and established trust between nations that the standard item, itself, could be obtained, if desired, to settle any balance of trade debt which might exist.
Then came the banks with their own idea, called Central Banks, which enables the printing of Fiat Currency, which is money which has nothing of value backing it. Enter the Federal Reserve Banking System. It has cost you and me a significant sum of our personal lifetime earrings. Some say we have literally been sold into slavery to the banks. Learn more about exactly how much it has cost you personally, here. Many, as do I, call it Treason, including the prophetic warnings of our Founding Fathers:
• “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 in the debate over the Re-charter of the Bank Bill of 1809 (millions of us, including myself, did wake up homeless with the Mortgage Derivative Collapse and associated ‘too big to fail’ bailouts, and we have had nothing but inflation and deflation cycles, not to mention devaluation of the dollar since establishing the Fed)
• “I believe that banking institutions are more dangerous to our liberties than standing armies.” –Thomas Jefferson
• “… The modern theory of the perpetuation of debt has drenched the earth with blood, and crushed its inhabitants under burdens ever accumulating.” -Thomas Jefferson (a reference to the National Debt)
• “History records that the money changers have used every form of abuse, intrigue, deceit, and violent means possible to maintain their control over governments by controlling money and its issuance.” -James Madison
• “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 (Banks are corporations)
• “The Government should create, issue, and circulate all the currency and credits needed to satisfy the spending power of the Government and the buying power of consumers. By the adoption of these principles, the taxpayers will be saved immense sums of interest. Money will cease to be master and become the servant of humanity.” -Abraham Lincoln (the Fed is all about interest paid to the banks for every dollar printed.)
• “Issue of currency should be lodged with the government and be protected from domination by Wall Street. We are opposed to…provisions [which] would place our currency and credit system in private hands.” – Theodore Roosevelt (in the long-running debate about establishing a central bak.)
But the Fed would become reality just in time to pay for WWI with fiat money. But that was not the first time. In the early days of forming new States within the United States, Banks could also print their own money with no attachment to or obligation of government, hopefully backing it up with some kind of standard; a certain degree of trust was involved, and many people found that their banker was a crook. This practice, both legitimate and criminal, was especially common in Gold and Silver mining towns, where shipping precious metals was risky due to bandits. Other negotiable instruments also came to exist, which can similarly be thought of as forms of money. Stocks, Bonds, Notes, Futures, and more. But these featured valuations tied to more complex and less tangible things, and were not simple enough for usage as currency except with brokers and special institutional trading firms.
But several new ways for banks to print their own money also arose which were useful enough by all. One is the ‘Check,’ your checking account. It is merely a highly organized and easily validated (to a point) method of trading in I.O.U.s. Anyone can write an I.O.U. on a any piece of paper, and if the other person accepts it as a debt, and the writer honors it, it has value. And, it can be passed from one person to another until paid, like a Marker used in the underworld.
But people do not trust strangers, and the bank’s checking systems addressed that by using the bank as a kind of validation and tracking of the debt, and the debtor. The underworld uses fear and organized crime to do the same with markers. And, do we not fear the wrath of our banks and the law should we write a bad check? This is called debt bondage, a very real and powerful political and social control system that keeps the locals, that’s you and me, in line for fear of loosing all they own. Unless, of course, you simply choose to opt out, as have I.
As far as checking is concerned, eventually, the check must be traded for real currency, so no new money was actually created, but while in circulation, the total amount of ‘money in use’ is greater than had been printed, a pseudo inflation factor. Today, some 20 billion checks are written each year, with a value of 26 trillion. To put that into perspective, it would pay off the entire National Debt with money to spare. It is also roughly 20 times the value of all U.S. money in circulation. So is the National Debt, and though no causal connection seems to exist, it is an interesting coincidence, is it not?
Banks also ‘print’ money by loaning money that does not exist. They are allowed by law to loan up to 20 times the money they hold in their vaults from depositors. They write a check, and you then use that ‘money’ to write more checks for whatever purpose the loan was intended. They get deposited somewhere, and eventually returned to the issuing bank. You make monthly payments to the bank, money against which more loans can be made. As long as less than 1 in 20 of loaned dollars is converted to cash withdrawal, the bank has gotten away with printing at least 19 defacto dollars; another pseudo inflation factor. A loan is for fictitious money, and how to you repay a fiction? A question well asked, and some have an answer which will astonish you, and though giving you hope, you will fear it, as well.
The worst offender is the Central Banking System, which allows governments to print money with absolutely nothing behind it; no standard. The government itself is printing nothing more than an I.O.U. The Bank, in our case being the Federal Reserve Bank (the Fed), which is NOT a Federal Agency, but a banker-controlled corporation. The Treasury prints money in the form of Federal Reserve Notes backed only by interest bearing Treasury Bonds given to the Federal Reserve (functionally, an I.O.U.), and the Federal Reserve Note is itself therefore also an I.O.U. Some of these are sold to anyone wishing to buy them, quite often hundreds of millions of dollars held by wealthy men of note, but also, ordinary citizens. Those unsold are held by the banking cadre.
This is an automatic inflation driving machine for several reasons, not the least of which is it allows government to fund any massive and costly adventure without worrying about actually paying for it, as long as they are willing to drive up the National Debt, which no one is ever going to pay off. The downside is, of course, that our purchasing power continues to dwindle, and at some point, the dollar will need to be officially devalued, and only YOU and I will loose in that deal. Meanwhile, every increase of the national debt is de facto devaluation; you and I loose purchasing power as if officially devalued. Simultaneously, more and more of tax dollars go to the FED to pay off INTEREST (only) on T Bills, and that money goes directly to the bankers. The debt is NEVER reduced.
If it were, the Fed would actually collapse. Here is an explanation from David Graeber, and English Anthropologist, regarding the first central bank in existence: “In fact this [debt] is precisely the logic on which the Bank of England—the first successful modern central bank—was originally founded. In 1694, a consortium of English bankers made a loan of £1,200,000 to the king. In return they received a royal monopoly on the issuance of banknotes [their ‘Fed’]. What this meant in practice was they had the right to advance IOUs for a portion of the money the king now owed them to any inhabitant of the kingdom willing to borrow from them, or willing to deposit their own money in the bank—in effect, to circulate or “monetize” [create fiat currency] the newly created royal debt. This was a great deal for the bankers: they got to charge the king 8 percent annual interest for the original loan and simultaneously charge interest on the same money to the clients who borrowed it, but it only worked as long as the original loan remained outstanding. To this day, this loan has never been paid back. It cannot be. If it ever were, the entire monetary system of Great Britain would cease to exist.”
There is much more which can be and should be said, but this is not about the evils of the Federal Reserve or financial institutions. The intent was simply to give a glimpse at what money is, and what makes it valuable (or not), in NORMAL circumstances. And, in normal circumstances, the ONLY thing which makes Federal Reserve Notes valuable is a law passed in support of creation of the Fed, which says and which is echoed right on the money, itself, that it is good for all debts, public and private; should you refuse to accept it as such, the debt is forgiven under that law; we are forced to accept it.
But what happens when TSHTF?
In any serious financial, societal, or natural disaster, all bets may be off, and cash may either become a monstrous burden, or have no value at all. To the extent that social systems and governmental control fails, or their function is diluted, the value of money can suddenly become undefined, except by the seller. It is not just a matter of free-market price setting, but weather or not the seller will see value in money, at all, the government no longer being in a position to enforce the law which says it must be accepted.
Pre War Germany was in severe financial crises which ultimately helped to sweep Hitler into power. Of course, he blamed the Jews, who had nothing to do with it, but scapegoats are easy to come by when people are scared. Here, a woman purchases some food with a basket full of money. Germany’s inflation rate was so high that they were printing 100 billion Deutchmark bills (i.e., a single DM100,000,000,000 bill) for public use. MONEY WAS ESSENTIALLY WORTHLESS. Welcome to fiat currency run amok.
Some say to hoard precious metals for such crisis, but that is foolishness, because you can’t spend gold. For one thing, it is too valuable, and another, it is too difficult to validate without special chemicals, scales, and knowledge. How does the seller know it is real Gold, or what its actual value currently is? Not only will there be an issue as to weight, which is multiplied by a given value per ounce, but there will be no way to know (where a crises involves loss of communications), what the actual current value per ounce actually is. The wise seller must therefore significantly undervalue any metal offered in payment.
And how do you buy something low in value with something high in value, when there is no way to ‘make change?’ Hoarding Gold is fine for long-term protection of large cash holdings, but it is next to useless and extremely costly to attempt to use it as currency in a crisis.
THEREFORE, if actual money starts to fail in usefulness, whole new currencies will arise.
What will be the new currency in a crisis?
Yes, new currencies, and nothing like money as we know it. But like money, where it is still accepted in a crisis, the value thereof will be determined mostly by the seller, and this will give new meaning to the expression, ‘shop around.’ The most common alternate currencies will become food, water, fuels, and ammunition. Too a lesser degree, anything in high demand and low supply, such as weapons and tools, or anything key to survival. Being aware of that in advance is a great advantage, because there are two things in common with all these items which allows for good preparation.
The first is, that they have a relatively low value now, before there is a crisis. You can afford to stockpile, and would be wise to do so, taking into consideration storage space requirements and shelf life. It would be good to have at least a small hoard of each item in quantities greater than for reserves for personal consumption during the emergency and, where storage space, shelf life, and finances permit, to perhaps have a large hoard of one or more items on the list to become your personally favored currency.
The second is, that anyone can produce them, themselves, to one degree or another, both before and after a crisis. Anyone can sink a well or fetch water from nature, and transport it to where it is less available for ‘profit.’ Anyone can grow and store food if they have the land for it. Anyone can chop wood or make alcohol (fuels) if they but arrange to do so. Anyone can reload spent munitions if they have a loader and can obtain gunpowder, and for the matter, anyone can make gunpowder if they know how to find the raw materials and they are locally available.
Lead for ammunition is another matter, but it is cheap to buy ahead of crisis. So the purchase of a supply of lead and tools to form bullets and reload might be a great idea. Yet most people will not do any of these things, or cannot due to finances or lack of knowledge, and it is exactly that which gives them an excellent future value – extra value, in fact, because in aftermath situations, the normal supply chain of these things has been interrupted or entirely cut off, and access to the knowledge or finances to acquire them with it.
Once TSHTF, you are locked into your current state of affairs; you are either prepared to offer the right currency at an affordable rate, or you are slave and at the mercy to/of those who can. Only one of these two groups has a good chance at survival. That is the worst kind of debt slavery.
Barter, the alternative currency
Click to get a glimpse at doing your own barter network from a legal perspective.
The government hates barter and suppresses it in a mountain of laws restricting its use. Barter is, in fact, the basis of the new evolving currencies just discussed. But for those in that second, hapless group just mentioned, they may be able to survive for a while by bartering with their earthly possessions, albeit at a costly rate of exchange. A $3,000 professional video camera might be good for a tank of gas, or a few days worth of food; what value is there in a video camera without electricity? But it might be accepted if there is some hope that, eventually, power will be restored, or if the parts might be useful to a tinkerer seeking to build something mechanically useful.
But barter can work well, even before a crisis, despite the laws. The laws are there because the barter concept tends to ‘cheat’ government out of taxes. If you buy something with dollars, you got taxed on the income from whence you got the dollars, and the seller is taxed on the income he earned, and there is likely a sales tax, as well. In barter, as originally conceived and employed before the laws existed, you simply gave labor in exchange for items, or traded items. As long as both parties agreed the exchange was acceptable value given for acceptable value received, it was a done deal. Yes, sometimes one side might feel the value was short, and ask for augmentation with a little cash thrown in. Or not.
Barter best works in a network situation involving more than two parties. You have Oranges and want Apples, I have Grapes and want Oranges, and someone else has Apples and wants Grapes. No problem, a three-way swap. But to do that takes an organized network with the means to track what is needed and match it to what is offered and available elsewhere. Barter associations or organizations are set up, and of course, that takes effort and manpower, and a building that has monthly rent, and other things which take actual money.
The other thing a barter group could do, was to accept goods or labor obligations (I.O.U. for work to be done) as if a deposit in a bank, against which the member offering such could make some combination of present or future withdrawal of other goods or services as they became available and needed. This allows conversion of unwanted or surplus items into future barter trade power, rendering the barter group as a kind of retail store and universal service provider. Again, government does not like anything resembling a bank in procedure, and would normally tax a retailer on inventory.
As all these functions take money to facilitate, barter groups would charge a small fee for a transaction based on the dollar value of the transaction. DOLLARS were still used as the MEDIUM for determining TRADE VALUATIONS. That meant creating a corporate entity to facilitate and organize barter transactions, and typically, charging a membership fee to allow access to the system. That was what led government to take interest in and to legislate against barter; such systems could quickly grow in membership and began processing huge numbers of transactions, some of which were themselves huge in valuation.
I, for example, belonged to such a group, and in a single transaction, moved $35,000 in goods, against which I would acquire needed goods and services which enabled me to live more inexpensively for a full decade — until the government passed laws which forced the barter group out of business, and started taxing everyone involved to the point where the advantage seemed lost. But it need not be that way, especially once TSHTF.
You can join an existing barter program, but if you do, you should also form your own local barter group, because the big programs will not be available in a crisis. Anyone do so without formal corporate existence, and without charging fees, and without a retail or banking format. I highly encourage it, though you should check with a lawyer as laws vary State to State (click the above image for the Oregon situation). Yes, there will be some concern about tax reporting, but that is a minor issue unless you start dealing in large volumes of goods and services. Frankly, most people who barter this way report nothing, because unless it is in volume, it isn’t even worth the trouble to track and report it, not to them, or the government. But the VALUE is in HAVING A NETWORK IN PLACE IN A CRISIS… priceless.
When TSHTF, especially if communications are down, it is both difficult and even potentially dangerous to attempt to form a network. Danger stems from the fact that, unless care is taken to avoid strangers, you may offer to form a network, in which case you state what you have of interest, and if they think they have more guns than you, and want what you have, they know where to get it without cost. Moreover, mutual defense is a thing which can itself become a barter commodity, assuming you have the guns and manpower of good use to others; it is, after all, another kind of service.
So to prepare for a crisis, don’t just hoard key supplies, but establish a barter network, even if you do not choose to use it. Doing so amplifies the value of your preferred currency, because you already have people willing to accept it fairly. Consider these words of wisdom:
• “The propensity to truck, barter and exchange one thing for another is common to all men, and to be found in no other race of animals.” Adam Smith, Scottish Philosopher.
My take is that barter is natural to man, and as such, is an unstated free right to undertake at will – to hell with government, or in reverse, if government has gone to hell, what else do we have to trade with, but barter;
• “Capitalism invariably boils down to barter between two willing parties, neither of whom uses force to work with the other.” Ben Shapiro, Political Commentator.
When TSHTF, force becomes the only commodity the weak minded and hapless will have to trade with. To strengthen your defenses, you need something better, as well as a means of countering force with force of your own. A Barter network gives you both, where mutual defense agreements become a thing which may be bartered: If I have superior weapons and more gun bearers than you, an imbalance exists which might be offset in goods or other services.
• “In primitive society, Man produced directly for the satisfaction of his own wants, but with the development of society came differentiation of functions; exchange and barter arose, various trades sprang up, and with the necessity of commercial intercourse, cam the invention of money.” Charles A. Beard, renowned Historian.
This sums up this entire post in the most direct of statements: barter came first, money after. When money fails to function usefully, we must be ready to barter, either with a new currency of convenience, or outright barter networking. Our very lives could depend upon it.
Not fully convinced? Want more information?
May I humbly suggest some further reading about WHY you should worry about flying excrement from an unexpected fan, and also offer some additional valuable resources? Here is a compendium of useful material on the dangers of crisis and the topic of being prepared, not just in terms of currency, but other considerations which are well beyond the scope of this post. These are Facebook ‘pages,’ so you can FOLLOW them for updates. Please consider to Follow my blog, as well.
• The Fema, Martial Law, Revolution Database. Don’t let the title scare you away; its a compendium of articles and posts about the likelihood and risks of various forms of civil unrest and social, economic, or natural disasters, as well as general advice such as found in the above post. It’s sub-name is When All Hell Breaks Loose.
• The Post Apocalyptic Library. A compendium of resources where you can find critical how-to information needed for survival in a crisis. Everything from how to make a torch to how to make a portable generator from a lawn mower. The idea is to visit those sites and print the instructions, and place them in a safe place and in your ‘go bag’ so that you will have them when needed; they won’t be available once TSHTF.
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