Part 3 of 4: Nine Myths And Misconceptions About Money That Can Literally Kill You

I chose to reprint this at this time because  I am just so peeved at this lie we are living they call a Democracy. This is all disquieting but give this a quick glance.

This was sent to me with no Author by someone more than in the know but I will leave that alone.Read it and weep, I am wanting to say every expletive in the world as once you hear this it makes 100% common sense and we are powerless? I do not know who the Author is but this is frightening, sobering, debilitating, and frustrating, what do we do about it? Pay particular attention to all of it, Google whatever you want. Man am I peeved with this set up they call a Democracy. SOB!

1) If we paid off our debts, our problems would be solved. Wrong. Wrong. Wrong. The banks wrote the Federal Reserve Act in secret. They said you would not be allowed to have money unless you first went into debt. In fact when you pay off a loan, the bank cancels money supply. So if we all paid off our debts including the government debt, we would have no money and the economy would collapse. We would all be reduced to barter.

2) The bankers who wrote The Federal Reserve Act in 1913 knowingly engineered a Fatal Debt Bomb into the legislation. This is true. When you go to a bank to get a loan, the banker created ten thousand dollars in new money by entering that amount onto a checking account. Notice that if you signed a note for simple interest at 10%, you will owe the banker $11,000 in one year’s time. He only created $10,000 so how do you pay him back the principal plus interest? Good question. What he does is to create more money through more loans so there is enough money to pay the note plus interest.

This means that the total amount of debts in the society are growing at a compound rate. Bankers have known since the Babylonians that unchecked exponential growth of unplayable debts will destroy any nation with a Debt Bomb. This is what is happening to America and the world today. Michael Hudson wrote about the Babylonian solution. They developed a formula that told them how long this rising tide of Unpayable Debt could grow before they had to cancel all the debts and start over again.

Let me repeat that the bankers have known this for over 4,000 years. But they have made sure that you know nothing of it because they want to foreclose on you and your nation so they can but everything for pennies on the dollar in bankruptcy proceedings.

The Russian demographer Borisov tells us that the bankers starved millions of Americans to death in the 1930s rather than allow people to understand the Babylonian solution. The Bible writers copied this concept when they wrote of the Jubilee cancellation of debt.

3) The Federal Reserve Act was written to transfer wealth from us to the bankers through the creation of a Debt Based money system. This is true. President Lincoln had created Greenbacks without borrowing money from the banks so there was no national debt and no interest on the debt. Lincoln simply printed the money and spent it into circulation.

There is absolutely no reason to have a national debt except to collect interest on a fictional debt. Why give the power to create money to the banks when government alone according to the Constitution is supposed to coin money? I will tell you why. The banks want to bring back slavery. They want you to become an indentured servant who inherits a national debt that is unpayable. They want to reduce you to slavery,

Any politician or pundit who does not understand this is either stupid or lying.

I should point out that President Kennedy issued Executive Order 11110 which directed the Mint to issue US Banknotes to replace Federal Reserve Notes. These JFK Banknotes were to be debt free as were Lincoln’s Greenbacks. They were withdrawn from circulation after his assassination. JFK was murdered on the 53rd anniversary of the secret meeting of the bankers on November 22nd, 1910 in a private rail-car that took them to Jekyll Island. Bankers like to do things on the anniversary of an important date to make sure you understand that monetary reform carries a death penalty.

4) All we have to do to solve our economic woes is to balance the budget. Wrong. Wrong. Wrong. All those knuckleheads need to listen and learn. The Gross National Product is the total sales of a country. Economists write it as a formula Where GNP = C + I + G or GNP equals Consumption plus Investment plus Government spending. The total GNP is currently 14 trillion dollars. Suppose we balance the budget by cutting spending two trillion dollars. That would mean we subtract two trillion from G and our new GNP is reduced to 12 trillion dollars which means that one seventh of the American economy would disappear overnight. That would send us instantly into a worse economic blight than the first Great Depression. Currently the states owe the federal government almost 100 billion dollars for extended unemployment benefits.

A man was recently explaining to his young daughter that we have no bread lines like they did in the 1930s because we have almost 49 million people on Food Stamps. Suppose we cut off unemployment extended benefits and Food stamps to make a down payment on that two trillion dollar budget cut. America would have nationwide food riots. 90% of all black children are on Food Stamps. I do not know the figures for Hispanics. But there would be no grocery stores in major cities that would not escape the riots.

If you hear someone talking of cuts, tell them to eliminate Unpayable Debts and interest on the national debt by bringing back non-interest bearing debt free Greenbacks. Then they can cut out the five foreign wars and remove our troops from at least 100 foreign nations. Then they can seize the assets of the banks that stole over 27 trillion dollars from us during the Banker Bailouts.

5) Fiat currencies always fail. What we need is a gold standard. Wrong. Wrong. Wrong. Presidents Lincoln and Kennedy had fiat currencies that were successful. And only ended with their assassination. The Isle of Guernsey and the American colonies both had fiat currencies that were successful.

The Italians had a gold currency that failed in 1348. The bankers loaned out more money than they had on deposit. This is called fractional reserve banking. Usually a bank will loan out nine times what it has on deposit. The Italian banks in Venice were unable to meet demands for gold from their depositors.

Currently, the risk manager at JP Morgan has two thousand dollars in risk for every dollar in deposits. I think this is an underestimate.

6) America could go onto the gold standard because we have all that gold at Fort Knox. Wrong. Wrong. Wrong. America has gold plated tungsten bars at Fort Knox. And the banks leased our gold and sold it four or five times to keep themselves from going bankrupt.

The gold was stolen by the Rothschild s and their friends. If we went back to the gold standard, we would be entering slavery to the Rothschild network because they would have all the gold money. The Rothschild s financed the Jewish trade in African slaves. Ask a black man how well that Rothschild slavery worked out for him.

I personally own silver because I expect this fractional reserve debt based monetary scheme to collapse very soon. I would use a gold exchange standard to get things going. But I could manage a monetary system with Greenbacks if Zionists and morons on welfare were not allowed to vote.

7) All we need to do to balance our trade deficit is to cut wages by devaluing the dollar so we can become more competitive. Wrong. Wrong. Wrong. Steve Keen is an Australian economist who says we need to increase wages so debts become payable. Unpayable debts lead directly to slavery. The US dollar eleven years ago was worth $1.20 when measured against a basket of six currencies. Today the US dollar is worth almost 75 cents. This has not created one job in the past decade. What it has done was raise the price of oil so everything costs more to produce.

In China factory workers are lucky to make a dollar an hour. They work 72 hours a week. They get no overtime and have no benefits. The Chinese workers do not make enough money to ride those Mag Lev fast rail trains you have read about. Suppose we cut American wages in half? Would that create jobs? No. We have been cutting wages since 1970 and we have fewer jobs today than then. It never worked in the past. No reason to believe it will work now.

To make the debts easier to pay we need to raise wages. To do that we have to stop issuing a million Green card work permits for legal immigrants. And we need to send back a few million illegal immigrants to open jobs for millions of unemployed Americans. But to create jobs we need new industries. We need to protect those industries with a 25% tariff. We need to create new jobs in computers, materials science, bio-engineering, aviation and energy by releasing the Top Secret research that is held in government labs. We could collect royalties from American industries employing American citizens. We could lease these patents to foreign competitors but we need a tariff to protect American jobs.

We made America prosperous by repealing the Glass Steagall Act and by allowing Credit Default Swaps to remain unregulated. Wrong. Wrong. Wrong. The bankers passed NAFTA and the WTO in 1994 so they could send 11 million jobs and 43,000 manufacturing plants overseas. They created the illusion of prosperity under Clinton by pumping up real estate and the stock market. The stock market was deliberately crashed in 2000 so the Zionists could elect George W Bush President because they wanted lots of wars for Israel. When the stock market failed, the Zionists created the subprime lending bubble on top of the already existing housing bubble. 

They loaned money to people who had no means of paying the loans. That did not matter. Some mortgages were sold as many as five times in Mortgage Backed Securities. When these loans failed, the banks collected on their Credit Default Swap insurance. There were no reserves set aside to pay losses. That did not matter. The bankers had the taxpayers pay out 27 trillion dollars in Bailouts to cover their frauds and keep the banking criminals out of jail. When the Europeans threatened a run on the American banks if they were not compensate for the trash Wall Street sold them, Ben Bernanke created 12.3 trillion dollars in new money and use it to but 6.3 trillion dollars in fraudulent bonds.

Glass Steagall was passed in 1933 and forbade investment banks from becoming commercial banks so the depositors are not exposed to speculative risks. With the repeal of Glass Steagall Jamie Dimon at JP Morgan was allowed to sell 80 trillion dollars in Credit Default Swaps betting that interest rates will not go up. If interest rates do go up, there will be worldwide Depression. Jamie Dimon isn’t worried about it because he probably knows when the Zionists will start World War III.

This is not a free market. It is criminality on a grand scale.

9) We have a moral obligation to pay our national debt. Wrong. Wrong. Wrong.

Jim Willie pointed out to Max Kaiser that in the 1990s under beloved leaders Bill Clinton and George H W Bush the Treasury sold 2.2 trillion dollars more in Treasury bonds than were required to fund the deficit. That money was pocketed by the banks who now expect you to pay them back for the money they stole plus the interest. Catherine Austin Fitts has been telling us for years that the government allows the banks to steal billions of dollars every week from government spending which we are not allowed to audit.

We owe the banks nothing. We need to take back what they have stolen.

I also need to make this point about money creation. When a bank makes a loan, they are creating money by adding credits to a bank account. They are not lending you Mrs. Jones life savings. What they are doing is creating money. Money is a claim against our right to purchase goods and services. If we increase the money supply, then we are all in a sense bearing a burden by the diminished purchasing power of our money. But only bankers are allowed to participate in the benefits of granting a loan. I don’t think so. Cancel the debts and seize all of the banker’s wealth. And that of their co-conspirators. We ought not to suffer because the bankers killed our Presidents. nine myths and misconceptions that can literally kill you

James Joiner
Gardner, Ma
http://anaverageamericanpatriot.blogspot.com

Posted by an average patriot at 2:00 AM

Nine Myths And Misconceptions About Money That Can Literally Kill You

Part 3 of 4: Nine Myths And Misconceptions About Money That Can Literally Kill You

I chose to reprint this at this time because  I am just so peeved at this lie we are living they call a Democracy. This is all disquieting but give this a quick glance.

This was sent to me with no Author by someone more than in the know but I will leave that alone.Read it and weep, I am wanting to say every expletive in the world as once you hear this it makes 100% common sense and we are powerless? I do not know who the Author is but this is frightening, sobering, debilitating, and frustrating, what do we do about it? Pay particular attention to all of it, Google whatever you want. Man am I peeved with this set up they call a Democracy. SOB!

1) If we paid off our debts, our problems would be solved. Wrong. Wrong. Wrong. The banks wrote the Federal Reserve Act in secret. They said you would not be allowed to have money unless you first went into debt. In fact when you pay off a loan, the bank cancels money supply. So if we all paid off our debts including the government debt, we would have no money and the economy would collapse. We would all be reduced to barter.

2) The bankers who wrote The Federal Reserve Act in 1913 knowingly engineered a Fatal Debt Bomb into the legislation. This is true. When you go to a bank to get a loan, the banker created ten thousand dollars in new money by entering that amount onto a checking account. Notice that if you signed a note for simple interest at 10%, you will owe the banker $11,000 in one year’s time. He only created $10,000 so how do you pay him back the principal plus interest? Good question. What he does is to create more money through more loans so there is enough money to pay the note plus interest.

This means that the total amount of debts in the society are growing at a compound rate. Bankers have known since the Babylonians that unchecked exponential growth of unpayable debts will destroy any nation with a Debt Bomb. This is what is happening to America and the world today. Michael Hudson wrote about the Babylonian solution. They developed a formula that told them how long this rising tide of Unpayable Debt could grow before they had to cancel all the debts and start over again.

Let me repeat that the bankers have known this for over 4,000 years. But they have made sure that you know nothing of it because they want to foreclose on you and your nation so they can but everything for pennies on the dollar in bankruptcy proceedings.

The Russian demographer Borisov tells us that the bankers starved millions of Americans to death in the 1930s rather than allow people to understand the Babylonian solution. The Bible writers copied this concept when they wrote of the Jubilee cancellation of debt.

3) The Federal Reserve Act was written to transfer wealth from us to the bankers through the creation of a Debt Based money system. This is true. President Lincoln had created Greenbacks without borrowing money from the banks so there was no national debt and no interest on the debt. Lincoln simply printed the money and spent it into circulation.

There is absolutely no reason to have a national debt except to collect interest on a fictional debt. Why give the power to create money to the banks when government alone according to the Constitution is supposed to coin money? I will tell you why. The banks want to bring back slavery. They want you to become an indentured servant who inherits a national debt that is unpayable. They want to reduce you to slavery,

Any politician or pundit who does not understand this is either stupid or lying.

I should point out that President Kennedy issued Executive Order 11110 which directed the Mint to issue US Banknotes to replace Federal Reserve Notes. These JFK Banknotes were to be debt free as were Lincoln’s Greenbacks. They were withdrawn from circulation after his assassination. JFK was murdered on the 53rd anniversary of the secret meeting of the bankers on November 22nd, 1910 in a private rail-car that took them to Jekyll Island. Bankers like to do things on the anniversary of an important date to make sure you understand that monetary reform carries a death penalty.

4) All we have to do to solve our economic woes is to balance the budget. Wrong. Wrong. Wrong. All those knuckleheads need to listen and learn. The Gross National Product is the total sales of a country. Economists write it as a formula Where GNP = C + I + G or GNP equals Consumption plus Investment plus Government spending. The total GNP is currently 14 trillion dollars. Suppose we balance the budget by cutting spending two trillion dollars. That would mean we subtract two trillion from G and our new GNP is reduced to 12 trillion dollars which means that one seventh of the American economy would disappear overnight. That would send us instantly into a worse economic blight than the first Great Depression. Currently the states owe the federal government almost 100 billion dollars for extended unemployment benefits.

A man was recently explaining to his young daughter that we have no bread lines like they did in the 1930s because we have almost 49 million people on Food Stamps. Suppose we cut off unemployment extended benefits and Food stamps to make a down payment on that two trillion dollar budget cut. America would have nationwide food riots. 90% of all black children are on Food Stamps. I do not know the figures for Hispanics. But there would be no grocery stores in major cities that would not escape the riots.

If you hear someone talking of cuts, tell them to eliminate Unpayable Debts and interest on the national debt by bringing back non-interest bearing debt free Greenbacks. Then they can cut out the five foreign wars and remove our troops from at least 100 foreign nations. Then they can seize the assets of the banks that stole over 27 trillion dollars from us during the Banker Bailouts.

5) Fiat currencies always fail. What we need is a gold standard. Wrong. Wrong. Wrong. Presidents Lincoln and Kennedy had fiat currencies that were successful. And only ended with their assassination. The Isle of Guernsey and the American colonies both had fiat currencies that were successful.

The Italians had a gold currency that failed in 1348. The bankers loaned out more money than they had on deposit. This is called fractional reserve banking. Usually a bank will loan out nine times what it has on deposit. The Italian banks in Venice were unable to meet demands for gold from their depositors.

Currently, the risk manager at JP Morgan has two thousand dollars in risk for every dollar in deposits. I think this is an underestimate.

6) America could go onto the gold standard because we have all that gold at Fort Knox. Wrong. Wrong. Wrong. America has gold plated tungsten bars at Fort Knox. And the banks leased our gold and sold it four or five times to keep themselves from going bankrupt.

The gold was stolen by the Rothschild s and their friends. If we went back to the gold standard, we would be entering slavery to the Rothschild network because they would have all the gold money. The Rothschild s financed the Jewish trade in African slaves. Ask a black man how well that Rothschild slavery worked out for him.

I personally own silver because I expect this fractional reserve debt based monetary scheme to collapse very soon. I would use a gold exchange standard to get things going. But I could manage a monetary system with Greenbacks if Zionists and morons on welfare were not allowed to vote.

7) All we need to do to balance our trade deficit is to cut wages by devaluing the dollar so we can become more competitive. Wrong. Wrong. Wrong. Steve Keen is an Australian economist who says we need to increase wages so debts become payable. Unpayable debts lead directly to slavery. The US dollar eleven years ago was worth $1.20 when measured against a basket of six currencies. Today the US dollar is worth almost 75 cents. This has not created one job in the past decade. What it has done was raise the price of oil so everything costs more to produce.

In China factory workers are lucky to make a dollar an hour. They work 72 hours a week. They get no overtime and have no benefits. The Chinese workers do not make enough money to ride those Mag Lev fast rail trains you have read about. Suppose we cut American wages in half? Would that create jobs? No. We have been cutting wages since 1970 and we have fewer jobs today than then. It never worked in the past. No reason to believe it will work now.

To make the debts easier to pay we need to raise wages. To do that we have to stop issuing a million Green card work permits for legal immigrants. And we need to send back a few million illegal immigrants to open jobs for millions of unemployed Americans. But to create jobs we need new industries. We need to protect those industries with a 25% tariff. We need to create new jobs in computers, materials science, bio-engineering, aviation and energy by releasing the Top Secret research that is held in government labs. We could collect royalties from American industries employing American citizens. We could lease these patents to foreign competitors but we need a tariff to protect American jobs.

We made America prosperous by repealing the Glass Steagall Act and by allowing Credit Default Swaps to remain unregulated. Wrong. Wrong. Wrong. The bankers passed NAFTA and the WTO in 1994 so they could send 11 million jobs and 43,000 manufacturing plants overseas. They created the illusion of prosperity under Clinton by pumping up real estate and the stock market. The stock market was deliberately crashed in 2000 so the Zionists could elect George W Bush President because they wanted lots of wars for Israel. When the stock market failed, the Zionists created the subprime lending bubble on top of the already existing housing bubble. 

They loaned money to people who had no means of paying the loans. That did not matter. Some mortgages were sold as many as five times in Mortgage Backed Securities. When these loans failed, the banks collected on their Credit Default Swap insurance. There were no reserves set aside to pay losses. That did not matter. The bankers had the taxpayers pay out 27 trillion dollars in Bailouts to cover their frauds and keep the banking criminals out of jail. When the Europeans threatened a run on the American banks if they were not compensate for the trash Wall Street sold them, Ben Bernanke created 12.3 trillion dollars in new money and use it to but 6.3 trillion dollars in fraudulent bonds.

Glass Steagall was passed in 1933 and forbade investment Banks from becoming commercial banks so the depositors are not exposed to speculative risks. With the repeal of Glass Steagall Jamie Dimon at JP Morgan was allowed to sell 80 trillion dollars in Credit Default Swaps betting that interest rates will not go up. If interest rates do go up, there will be worldwide Depression. Jamie Dimon isn’t worried about it because he probably knows when the Zionists will start World War III.

This is not a free market. It is criminality on a grand scale.

9) We have a moral obligation to pay our national debt. Wrong. Wrong. Wrong.

Jim Willie pointed out to Max Kaiser that in the 1990s under beloved leaders Bill Clinton and George H W Bush the Treasury sold 2.2 trillion dollars more in Treasury bonds than were required to fund the deficit. That money was pocketed by the banks who now expect you to pay them back for the money they stole plus the interest. Catherine Austin Fitts has been telling us for years that the government allows the banks to steal billions of dollars every week from government spending which we are not allowed to audit.

We owe the banks nothing. We need to take back what they have stolen.

I also need to make this point about money creation. When a bank makes a loan, they are creating money by adding credits to a bank account. They are not lending you Mrs. Jones life savings. What they are doing is creating money. Money is a claim against our right to purchase goods and services. If we increase the money supply, then we are all in a sense bearing a burden by the diminished purchasing power of our money. But only bankers are allowed to participate in the benefits of granting a loan. I don’t think so. Cancel the debts and seize all of the banker’s wealth. And that of their co-conspirators. We ought not to suffer because the bankers killed our Presidents. nine myths and misconceptions that can literally kill you

James Joiner
Gardner, Ma
http://anaverageamericanpatriot.blogspot.com

Nine Myths And Misconceptions About Money That Can Literally Kill You

I noticed a lot of talk about the Federal reserve of late but I chose to reprint this at this time because I am currently experiencing problems with this issue. First I want to say that as you read this you will see too why it is no surprise who is really in charge. You will also understand why President Lincoln and President Kennedy were assassinated. Anyway we hear every day how low the bank rates are and offers from everyone and their brother to refinance your mortgage at a lower rate and for maybe no cost. Well!

It has been over a month of phone calls now and we are still having a problem finding a bank who will do a Refi for us because we do not owe enough money to make it worth their while. I was under the misconceived impression that it behooved any bank to lower your rate but boy was I wrong. Our current bank will not cooperate with us and is trying everything under the sun to keep us feeding their inflated rate but we are out of there.

The final straw for me was when they said closing costs would be 7 to 9 thousand, for a 46 thousand dollar loan get real! I finally talked to a woman at one agency who finally spoke the truth. She used my standard line and that is that we do not matter. She said the Federal Reserve does not represent us they work for and represent the banks.

That led me to dig this up as she was right and we are so screwed. This is sobering and reaffirms what I was being told. I am just so peeved at this lie we are living they call a Democracy. This is all disquieting but give this a quick glance.

This was sent to me with no Author by someone more than in the know but I will leave that alone.Read it and weep, I am wanting to say every expletive in the world as once you hear this it makes 100% common sense and we are powerless? I do not know who the Author is but this is frightening, sobering, debilitating, and frustrating, what do we do about it? Pay particular attention to all of it, Google whatever you want. Man am I peeved with this set up they call a Democracy. SOB!

1) If we paid off our debts, our problems would be solved. Wrong. Wrong. Wrong. The banks wrote the Federal Reserve Act in secret. They said you would not be allowed to have money unless you first went into debt. In fact when you pay off a loan, the bank cancels money supply. So if we all paid off our debts including the government debt, we would have no money and the economy would collapse. We would all be reduced to barter.

2) The bankers who wrote The Federal Reserve Act in 1913 knowingly engineered a Fatal Debt Bomb into the legislation. This is true. When you go to a bank to get a loan, the banker created ten thousand dollars in new money by entering that amount onto a checking account. Notice that if you signed a note for simple interest at 10%, you will owe the banker $11,000 in one year’s time. He only created $10,000 so how do you pay him back the principal plus interest? Good question. What he does is to create more money through more loans so there is enough money to pay the note plus interest.

This means that the total amount of debts in the society are growing at a compound rate. Bankers have known since the Babylonians that unchecked exponential growth of unpayable debts will destroy any nation with a Debt Bomb. This is what is happening to America and the world today. Michael Hudson wrote about the Babylonian solution. They developed a formula that told them how long this rising tide of Unpayable Debt could grow before they had to cancel all the debts and start over again.

Let me repeat that the bankers have known this for over 4,000 years. But they have made sure that you know nothing of it because they want to foreclose on you and your nation so they can but everything for pennies on the dollar in bankruptcy proceedings.

The Russian demographer Borisov tells us that the bankers starved millions of Americans to death in the 1930s rather than allow people to understand the Babylonian solution. The Bible writers copied this concept when they wrote of the Jubilee cancellation of debt.

3) The Federal Reserve Act was written to transfer wealth from us to the bankers through the creation of a Debt Based money system. This is true. President Lincoln had created Greenbacks without borrowing money from the banks so there was no national debt and no interest on the debt. Lincoln simply printed the money and spent it into circulation.

There is absolutely no reason to have a national debt except to collect interest on a fictional debt. Why give the power to create money to the banks when government alone according to the Constitution is supposed to coin money? I will tell you why. The banks want to bring back slavery. They want you to become an indentured servant who inherits a national debt that is unpayable. They want to reduce you to slavery,

Any politician or pundit who does not understand this is either stupid or lying.

I should point out that President Kennedy issued Executive Order 11110 which directed the Mint to issue US Banknotes to replace Federal Reserve Notes. These JFK Banknotes were to be debt free as were Lincoln’s Greenbacks. They were withdrawn from circulation after his assassination. JFK was murdered on the 53rd anniversary of the secret meeting of the bankers on November 22nd, 1910 in a private rail-car that took them to Jekyll Island. Bankers like to do things on the anniversary of an important date to make sure you understand that monetary reform carries a death penalty.

4) All we have to do to solve our economic woes is to balance the budget. Wrong. Wrong. Wrong. All those knuckleheads need to listen and learn. The Gross National Product is the total sales of a country. Economists write it as a formula Where GNP = C + I + G or GNP equals Consumption plus Investment plus Government spending. The total GNP is currently 14 trillion dollars. Suppose we balance the budget by cutting spending two trillion dollars. That would mean we subtract two trillion from G and our new GNP is reduced to 12 trillion dollars which means that one seventh of the American economy would disappear overnight. That would send us instantly into a worse economic blight than the first Great Depression. Currently the states owe the federal government almost 100 billion dollars for extended unemployment benefits.

A man was recently explaining to his young daughter that we have no bread lines like they did in the 1930s because we have almost 49 million people on Food Stamps. Suppose we cut off unemployment extended benefits and Food stamps to make a down payment on that two trillion dollar budget cut. America would have nationwide food riots. 90% of all black children are on Food Stamps. I do not know the figures for Hispanics. But there would be no grocery stores in major cities that would not escape the riots.

If you hear someone talking of cuts, tell them to eliminate Unpayable Debts and interest on the national debt by bringing back non-interest bearing debt free Greenbacks. Then they can cut out the five foreign wars and remove our troops from at least 100 foreign nations. Then they can seize the assets of the banks that stole over 27 trillion dollars from us during the Banker Bailouts.

5) Fiat currencies always fail. What we need is a gold standard. Wrong. Wrong. Wrong. Presidents Lincoln and Kennedy had fiat currencies that were successful. And only ended with their assassination. The Isle of Guernsey and the American colonies both had fiat currencies that were successful.

The Italians had a gold currency that failed in 1348. The bankers loaned out more money than they had on deposit. This is called fractional reserve banking. Usually a bank will loan out nine times what it has on deposit. The Italian banks in Venice were unable to meet demands for gold from their depositors.

Currently, the risk manager at JP Morgan has two thousand dollars in risk for every dollar in deposits. I think this is an underestimate.

6) America could go onto the gold standard because we have all that gold at Fort Knox. Wrong. Wrong. Wrong. America has gold plated tungsten bars at Fort Knox. And the banks leased our gold and sold it four or five times to keep themselves from going bankrupt.

The gold was stolen by the Rothschild s and their friends. If we went back to the gold standard, we would be entering slavery to the Rothschild network because they would have all the gold money. The Rothschild s financed the Jewish trade in African slaves. Ask a black man how well that Rothschild slavery worked out for him.

I personally own silver because I expect this fractional reserve debt based monetary scheme to collapse very soon. I would use a gold exchange standard to get things going. But I could manage a monetary system with Greenbacks if Zionists and morons on welfare were not allowed to vote.

7) All we need to do to balance our trade deficit is to cut wages by devaluing the dollar so we can become more competitive. Wrong. Wrong. Wrong. Steve Keen is an Australian economist who says we need to increase wages so debts become payable. Unpayable debts lead directly to slavery. The US dollar eleven years ago was worth $1.20 when measured against a basket of six currencies. Today the US dollar is worth almost 75 cents. This has not created one job in the past decade. What it has done was raise the price of oil so everything costs more to produce.

In China factory workers are lucky to make a dollar an hour. They work 72 hours a week. They get no overtime and have no benefits. The Chinese workers do not make enough money to ride those Mag Lev fast rail trains you have read about. Suppose we cut American wages in half? Would that create jobs? No. We have been cutting wages since 1970 and we have fewer jobs today than then. It never worked in the past. No reason to believe it will work now.

To make the debts easier to pay we need to raise wages. To do that we have to stop issuing a million Green card work permits for legal immigrants. And we need to send back a few million illegal immigrants to open jobs for millions of unemployed Americans. But to create jobs we need new industries. We need to protect those industries with a 25% tariff. We need to create new jobs in computers, materials science, bio-engineering, aviation and energy by releasing the Top Secret research that is held in government labs. We could collect royalties from American industries employing American citizens. We could lease these patents to foreign competitors but we need a tariff to protect American jobs.

We made America prosperous by repealing the Glass Steagall Act and by allowing Credit Default Swaps to remain unregulated. Wrong. Wrong. Wrong. The bankers passed NAFTA and the WTO in 1994 so they could send 11 million jobs and 43,000 manufacturing plants overseas. They created the illusion of prosperity under Clinton by pumping up real estate and the stock market. The stock market was deliberately crashed in 2000 so the Zionists could elect George W Bush President because they wanted lots of wars for Israel. When the stock market failed, the Zionists created the subprime lending bubble on top of the already existing housing bubble.

They loaned money to people who had no means of paying the loans. That did not matter. Some mortgages were sold as many as five times in Mortgage Backed Securities. When these loans failed, the banks collected on their Credit Default Swap insurance. There were no reserves set aside to pay losses. That did not matter. The bankers had the taxpayers pay out 27 trillion dollars in Bailouts to cover their frauds and keep the banking criminals out of jail. When the Europeans threatened a run on the American banks if they were not compensate for the trash Wall Street sold them, Ben Bernanke created 12.3 trillion dollars in new money and use it to but 6.3 trillion dollars in fraudulent bonds.

Glass Steagall was passed in 1933 and forbade investment banks from becoming commercial banks so the depositors are not exposed to speculative risks. With the repeal of Glass Steagall Jamie Dimon at JP Morgan was allowed to sell 80 trillion dollars in Credit Default Swaps betting that interest rates will not go up. If interest rates do go up, there will be worldwide Depression. Jamie Dimon isn’t worried about it because he probably knows when the Zionists will start World War III.

This is not a free market. It is criminality on a grand scale.

9) We have a moral obligation to pay our national debt. Wrong. Wrong. Wrong.

Jim Willie pointed out to Max Kaiser that in the 1990s under beloved leaders Bill Clinton and George H W Bush the Treasury sold 2.2 trillion dollars more in Treasury bonds than were required to fund the deficit. That money was pocketed by the banks who now expect you to pay them back for the money they stole plus the interest. Catherine Austin Fitts has been telling us for years that the government allows the banks to steal billions of dollars every week from government spending which we are not allowed to audit.

We owe the banks nothing. We need to take back what they have stolen.

I also need to make this point about money creation. When a bank makes a loan, they are creating money by adding credits to a bank account. They are not lending you Mrs. Jones life savings. What they are doing is creating money. Money is a claim against our right to purchase goods and services. If we increase the money supply, then we are all in a sense bearing a burden by the diminished purchasing power of our money. But only bankers are allowed to participate in the benefits of granting a loan. I don’t think so. Cancel the debts and seize all of the banker’s wealth. And that of their co-conspirators. We ought not to suffer because the bankers killed our Presidents.

James Joiner
Gardner, Ma
http://anaverageamericanpatriot.blogspot.com

Nine Myths And Misconceptions About Money That Can Literally Kill You

I chose to reprint this at this time because I am currently experiencing problems with this issue. First I want to say that as you read this you will see too why it is no surprise who is really in charge. You will also understand why President Lincoln and President Kennedy were assassinated. Anyway we hear every day how low the bank rates are and offers from everyone and their brother to refinance your mortgage at a lower rate and for maybe no cost. Well!

It has been over a month of phone calls now and we are still having a problem finding a bank who will do a Refi for us because we do not owe enough money to make it worth their while. I was under the misconceived impression that it behooved any bank to lower your rate but boy was I wrong. Our current bank will not cooperate with us and is trying everything under the sun to keep us feeding their inflated rate but we are out of there.

The final straw for me was when they said closing costs would be 7 to 9 thousand, for a 46 thousand dollar loan get real! I finally talked to a woman at one agency who finally spoke the truth. She used my standard line and that is that we do not matter. She said the Federal Reserve does not represent us they work for and represent the banks.

That led me to dig this up as she was right and we are so screwed. This is sobering and reaffirms what I was being told. I am just so peeved at this lie we are living they call a Democracy. This is all disquieting but give this a quick glance.

This was sent to me with no Author by someone more than in the know but I will leave that alone.Read it and weep, I am wanting to say every expletive in the world as once you hear this it makes 100% common sense and we are powerless? I do not know who the Author is but this is frightening, sobering, debilitating, and frustrating, what do we do about it? Pay particular attention to all of it, Google whatever you want. Man am I peeved with this set up they call a Democracy. SOB!

1) If we paid off our debts, our problems would be solved. Wrong. Wrong. Wrong. The banks wrote the Federal Reserve Act in secret. They said you would not be allowed to have money unless you first went into debt. In fact when you pay off a loan, the bank cancels money supply. So if we all paid off our debts including the government debt, we would have no money and the economy would collapse. We would all be reduced to barter.

2) The bankers who wrote The Federal Reserve Act in 1913 knowingly engineered a Fatal Debt Bomb into the legislation. This is true. When you go to a bank to get a loan, the banker created ten thousand dollars in new money by entering that amount onto a checking account. Notice that if you signed a note for simple interest at 10%, you will owe the banker $11,000 in one year’s time. He only created $10,000 so how do you pay him back the principal plus interest? Good question. What he does is to create more money through more loans so there is enough money to pay the note plus interest.

This means that the total amount of debts in the society are growing at a compound rate. Bankers have known since the Babylonians that unchecked exponential growth of unplayable debts will destroy any nation with a Debt Bomb. This is what is happening to America and the world today. Michael Hudson wrote about the Babylonian solution. They developed a formula that told them how long this rising tide of Unpayable Debt could grow before they had to cancel all the debts and start over again.

Let me repeat that the bankers have known this for over 4,000 years. But they have made sure that you know nothing of it because they want to foreclose on you and your nation so they can but everything for pennies on the dollar in bankruptcy proceedings.

The Russian demographer Borisov tells us that the bankers starved millions of Americans to death in the 1930s rather than allow people to understand the Babylonian solution. The Bible writers copied this concept when they wrote of the Jubilee cancellation of debt.

3) The Federal Reserve Act was written to transfer wealth from us to the bankers through the creation of a Debt Based money system. This is true. President Lincoln had created Greenbacks without borrowing money from the banks so there was no national debt and no interest on the debt. Lincoln simply printed the money and spent it into circulation.

There is absolutely no reason to have a national debt except to collect interest on a fictional debt. Why give the power to create money to the banks when government alone according to the Constitution is supposed to coin money? I will tell you why. The banks want to bring back slavery. They want you to become an indentured servant who inherits a national debt that is unpayable. They want to reduce you to slavery,

Any politician or pundit who does not understand this is either stupid or lying.

I should point out that President Kennedy issued Executive Order 11110 which directed the Mint to issue US Banknotes to replace Federal Reserve Notes. These JFK Banknotes were to be debt free as were Lincoln’s Greenbacks. They were withdrawn from circulation after his assassination. JFK was murdered on the 53rd anniversary of the secret meeting of the bankers on November 22nd, 1910 in a private rail-car that took them to Jekyll Island. Bankers like to do things on the anniversary of an important date to make sure you understand that monetary reform carries a death penalty.

4) All we have to do to solve our economic woes is to balance the budget. Wrong. Wrong. Wrong. All those knuckleheads need to listen and learn. The Gross National Product is the total sales of a country. Economists write it as a formula Where GNP = C + I + G or GNP equals Consumption plus Investment plus Government spending. The total GNP is currently 14 trillion dollars. Suppose we balance the budget by cutting spending two trillion dollars. That would mean we subtract two trillion from G and our new GNP is reduced to 12 trillion dollars which means that one seventh of the American economy would disappear overnight. That would send us instantly into a worse economic blight than the first Great Depression. Currently the states owe the federal government almost 100 billion dollars for extended unemployment benefits.

A man was recently explaining to his young daughter that we have no bread lines like they did in the 1930s because we have almost 49 million people on Food Stamps. Suppose we cut off unemployment extended benefits and Food stamps to make a down payment on that two trillion dollar budget cut. America would have nationwide food riots. 90% of all black children are on Food Stamps. I do not know the figures for Hispanics. But there would be no grocery stores in major cities that would not escape the riots.

If you hear someone talking of cuts, tell them to eliminate Unpayable Debts and interest on the national debt by bringing back non-interest bearing debt free Greenbacks. Then they can cut out the five foreign wars and remove our troops from at least 100 foreign nations. Then they can seize the assets of the banks that stole over 27 trillion dollars from us during the Banker Bailouts.

5) Fiat currencies always fail. What we need is a gold standard. Wrong. Wrong. Wrong. Presidents Lincoln and Kennedy had fiat currencies that were successful. And only ended with their assassination. The Isle of Guernsey and the American colonies both had fiat currencies that were successful.

The Italians had a gold currency that failed in 1348. The bankers loaned out more money than they had on deposit. This is called fractional reserve banking. Usually a bank will loan out nine times what it has on deposit. The Italian banks in Venice were unable to meet demands for gold from their depositors.

Currently, the risk manager at JP Morgan has two thousand dollars in risk for every dollar in deposits. I think this is an underestimate.

6) America could go onto the gold standard because we have all that gold at Fort Knox. Wrong. Wrong. Wrong. America has gold plated tungsten bars at Fort Knox. And the banks leased our gold and sold it four or five times to keep themselves from going bankrupt.

The gold was stolen by the Rothschild s and their friends. If we went back to the gold standard, we would be entering slavery to the Rothschild network because they would have all the gold money. The Rothschild s financed the Jewish trade in African slaves. Ask a black man how well that Rothschild slavery worked out for him.

I personally own silver because I expect this fractional reserve debt based monetary scheme to collapse very soon. I would use a gold exchange standard to get things going. But I could manage a monetary system with Greenbacks if Zionists and morons on welfare were not allowed to vote.

7) All we need to do to balance our trade deficit is to cut wages by devaluing the dollar so we can become more competitive. Wrong. Wrong. Wrong. Steve Keen is an Australian economist who says we need to increase wages so debts become payable. Unpayable debts lead directly to slavery. The US dollar eleven years ago was worth $1.20 when measured against a basket of six currencies. Today the US dollar is worth almost 75 cents. This has not created one job in the past decade. What it has done was raise the price of oil so everything costs more to produce.

In China factory workers are lucky to make a dollar an hour. They work 72 hours a week. They get no overtime and have no benefits. The Chinese workers do not make enough money to ride those Mag Lev fast rail trains you have read about. Suppose we cut American wages in half? Would that create jobs? No. We have been cutting wages since 1970 and we have fewer jobs today than then. It never worked in the past. No reason to believe it will work now.

To make the debts easier to pay we need to raise wages. To do that we have to stop issuing a million Green card work permits for legal immigrants. And we need to send back a few million illegal immigrants to open jobs for millions of unemployed Americans. But to create jobs we need new industries. We need to protect those industries with a 25% tariff. We need to create new jobs in computers, materials science, bio-engineering, aviation and energy by releasing the Top Secret research that is held in government labs. We could collect royalties from American industries employing American citizens. We could lease these patents to foreign competitors but we need a tariff to protect American jobs.

We made America prosperous by repealing the Glass Steagall Act and by allowing Credit Default Swaps to remain unregulated. Wrong. Wrong. Wrong. The bankers passed NAFTA and the WTO in 1994 so they could send 11 million jobs and 43,000 manufacturing plants overseas. They created the illusion of prosperity under Clinton by pumping up real estate and the stock market. The stock market was deliberately crashed in 2000 so the Zionists could elect George W Bush President because they wanted lots of wars for Israel. When the stock market failed, the Zionists created the subprime lending bubble on top of the already existing housing bubble. They loaned money to people who had no means of paying the loans. That did not matter. Some mortgages were sold as many as five times in Mortgage Backed Securities. When these loans failed, the banks collected on their Credit Default Swap insurance. There were no reserves set aside to pay losses. That did not matter. The bankers had the taxpayers pay out 27 trillion dollars in Bailouts to cover their frauds and keep the banking criminals out of jail. When the Europeans threatened a run on the American banks if they were not compensate for the trash Wall Street sold them, Ben Bernanke created 12.3 trillion dollars in new money and use it to but 6.3 trillion dollars in fraudulent bonds.

Glass Steagall was passed in 1933 and forbade investment banks from becoming commercial banks so the depositors are not exposed to speculative risks. With the repeal of Glass Steagall Jamie Dimon at JP Morgan was allowed to sell 80 trillion dollars in Credit Default Swaps betting that interest rates will not go up. If interest rates do go up, there will be worldwide Depression. Jamie Dimon isn’t worried about it because he probably knows when the Zionists will start World War III.

This is not a free market. It is criminality on a grand scale.

9) We have a moral obligation to pay our national debt. Wrong. Wrong. Wrong.

Jim Willie pointed out to Max Kaiser that in the 1990s under beloved leaders Bill Clinton and George H W Bush the Treasury sold 2.2 trillion dollars more in Treasury bonds than were required to fund the deficit. That money was pocketed by the banks who now expect you to pay them back for the money they stole plus the interest. Catherine Austin Fitts has been telling us for years that the government allows the banks to steal billions of dollars every week from government spending which we are not allowed to audit.

We owe the banks nothing. We need to take back what they have stolen.

I also need to make this point about money creation. When a bank makes a loan, they are creating money by adding credits to a bank account. They are not lending you Mrs. Jones life savings. What they are doing is creating money. Money is a claim against our right to purchase goods and services. If we increase the money supply, then we are all in a sense bearing a burden by the diminished purchasing power of our money. But only bankers are allowed to participate in the benefits of granting a loan. I don’t think so. Cancel the debts and seize all of the banker’s wealth. And that of their co-conspirators. We ought not to suffer because the bankers killed our Presidents.

James Joiner
Gardner, Ma
http://anaverageamericanpatriot.blogspot.com

Obama Calls America “Soft,” Offers to Whip Nation Into Shape: I am afraid we have been since 9/11

Obama Calls America “Soft,” Offers to Whip Nation Into Shape: "The way I think about it is, you know, this is a great, great country that had gotten a little soft and, you know, we didn't have that same competitive edge that we needed over the last couple of decades. We need to get back on track."

I may be ostracized but I am afraid that in many instances I agree that we were soft. With that said I have to admit that since George W Bush we have been undergoing a baptism by fire and not just in our wars but for average Americans in every facet of our lives.

I must admit that well before 9/11 happened I was convinced that our youth and the country as a whole had been so spoiled and softened up by our life style that we were going to be in severe trouble if we thought we were going to be able to count on them in our hour of need.

The media had me convinced that we had already experienced our "Greatest Generation" in saving the day for us and the world during WW2 almost 70 years ago now. I am happy to say "Boy was I ever wrong" Our youth including a few of my sons have stepped up and are patriotic and serving magnificently in what is just beginning but has already become the longest war in History.

That as you know is barely the beginning of our story and our "toughening up". We as America's blue collar population and back bone have watched our "soft" life kicked out from underneath us. No body that I am aware of is just sitting around living the good life getting fat if they are it is not because they want to.

40 million have lost their homes, 17 million have lost their jobs, 50 million are on food stamps, that means they are all living on the dole and this is still barely beginning for us too like it or not. Media and politicians like to play their ignorant worthless childish games saying they fear another recession is coming, they think they are being coy calling it a "double dip recession"

This is not a double dip recession it is the same one only getting worse as we have said it would since Bush caused it when he was in office. We have been in Afghanistan now for 10 years and Iraq is right behind it. Stupidly we are trying to keep our military Heroes in both of them for decades to come.

The entire middle east is exploding as we knew it would and who knows where our military will be asked to go to next? Who can guarantee millions of people whose lives have been upended and worsened since George Bush was elected? No on can! They will get much worse! The tent cities will multiply as will those fighting for food supplied by the Government or NGO's (non Government organizations).

The second revolution is coming and it is being fed by the tempest party rebelling against the tea party and their wall street, corporation, Government, destroyed lives. People are starting to fight for survival, they are no longer soft and I am happy to say they are finally beginning to show here at home that they remember how to fight and are willing to.

James Joiner
Gardner, Ma
http://anaverageamericanpatriot.blogspot.com

More fears as Britain already Announced Severe Military Cutbacks now that includes 19,000 troops

Army Cull As 19,000 Troops Are Set For Chopping block: The Defence Secretary is expected to announce a major reduction in the size of the Army - shrinking the regular force to its smallest size in 110 years. What the hell kind of sense does that make with all the current and future wars we are fighting and about to fight? We need Britain's military as is!

More fears over armed forces cuts: Politicians are warning that the military may not be able to deliver what is asked of them in four years time."If the ambition of a real-term funding increase is not realized, we will have failed our armed forces."


This really is a devastating development as these wars are just barely starting. England was always someone we could count on. We have heard for years that the US can't police the world and do everyone's fighting for them but it increasingly looks like we are going to be doling just that and this purposely caused world wide financial disaster too is going to get much worse here and around the world.

In a bid to streamline its armed forces and help reduce its daunting levels of national debt, the British government announced plans to cut its military personnel by 10 percent, scrap 40 percent of the army’s artillery and tanks, withdraw all of its troops from Germany within 10 years, and cut 25,000 civilian jobs in its Defense Ministry.

The plan also calls for the immediate scrapping of the Ark Royal, Britain’s only aircraft carrier capable of launching fixed-wing jets, along with the entire fleet of Harrier jump jets. Also the government would delay construction of a new fleet of Trident nuclear missile submarines, which now constitute Britain’s nuclear deterrent, for about five years. Britain Announces Severe Military Cutbacks - NYTimes.com This is really troubling!

I understand Britain is hurting but so aren't we. Can't they Bankrupt Britain like we are Bankrupting America while enriching China to enlarge and update their military to some day confront us? We are hurting too but now is not the time to cut back this in its whole terrible scope has barely begun. Remember this as we watch things get worse and worse here and around the world?

They say it ended June of last year making it 18 months long the longest since WW2. I hate to be the one to tell them but this is not over. It will dwarf the longest recession in U.S. history during the nineteenth century which was between 1873 and 1879. Tell that to the still growing number of poor. The overall poverty rate climbed to 14.3 percent, or 43.6 million people, the Census Bureau said in its annual report on the economic well-being of U.S. households, plus the jobless rolls just increased by 465,000.Over?

The share of Americans without health coverage rose from 15.4 percent to 16.7 percent or 50.7 million people mostly because of the loss of employer provided health insurance during the so called recession. If the tea party gets in control they will dwarf those numbers. Foreclosures? The recession is over? Over and ended over a year ago? Tell that to the millions that know it is on going and see no improvement in sight. 1 in 7 Americans live in poverty

I started Blogging in 2005 as a means of talking with those that care about we the people, average Americans, those who live in the trenches of society and want to hear the truth and discuss that and how we really feel as we never ever hear it. Little did I know no one wants to hear it and no one cares. That goes for all societies all around the world.

The so called experts of the old world the pre 9/11 world became fond of saying this is a new world it will never be the same, we must adapt we must overcome this new world to survive as we are and proceed through the 21st century.

Those fools in the Government, the media, and corporations do not care about us or the truth only making money and playing their games. They do not have a clue and do not care period! Times have changed! I stopped writing books and started this Blog as a means of talking daily because ours and the worlds situation was devolving so rapidly I could not keep up with it. It keeps getting worse!

I started warning in 2007 of the impending financial disaster when Bush Greenspan, Kramer, and other so called leaders of the economy and the stock market were senselessly playing up how great things were. It was very exasperating!

Again, I was frightened at the portend of things to come and the truth was being ignored, maybe not seen, but it was frighteningly obvious we were rudderless and all our so called leaders only cared about themselves.

This recession is not over it has barely begun. We alone have borrowed trillions and despite political game playing cutting a few measly Billions is worthless especially in vital parts of the worlds defense.; There really is room to cut hundreds of billions of dollars in waste in the US and Britain but the right thing as usual will never be done only the things that will help one party or the other even in Britain. We really better wake up because we are in trouble and we are like it or not the worlds police force at least for now!

James Joiner
Gardner, Ma
http://anaverageamericanpatriot.blogspot.com

Nine Myths And Misconceptions About Money That Can Literally Kill You

This was sent to me with no Author by someone more than in the know but I will leave that alone.Read it and weep, I am wanting to say every expletive in the world as once you hear this it makes 100% common sense and we are powerless? I do not know who the Author is but this is frightening, sobering, debilitating, and frustrating, what do we do about it? Pay particular attention to all of it, Google whatever you want. Man am I peeved with this set up they call a Democracy. SOB!

1) If we paid off our debts, our problems would be solved. Wrong. Wrong. Wrong. The banks wrote the Federal Reserve Act in secret. They said you would not be allowed to have money unless you first went into debt. In fact when you pay off a loan, the bank cancels money supply. So if we all paid off our debts including the government debt, we would have no money and the economy would collapse. We would all be reduced to barter.

2) The bankers who wrote The Federal Reserve Act in 1913 knowingly engineered a Fatal Debt Bomb into the legislation. This is true. When you go to a bank to get a loan, the banker created ten thousand dollars in new money by entering that amount onto a checking account. Notice that if you signed a note for simple interest at 10%, you will owe the banker $11,000 in one year’s time. He only created $10,000 so how do you pay him back the principal plus interest? Good question. What he does is to create more money through more loans so there is enough money to pay the note plus interest.

This means that the total amount of debts in the society are growing at a compound rate. Bankers have known since the Babylonians that unchecked exponential growth of unplayable debts will destroy any nation with a Debt Bomb. This is what is happening to America and the world today. Michael Hudson wrote about the Babylonian solution. They developed a formula that told them how long this rising tide of Unpayable Debt could grow before they had to cancel all the debts and start over again.

Let me repeat that the bankers have known this for over 4,000 years. But they have made sure that you know nothing of it because they want to foreclose on you and your nation so they can but everything for pennies on the dollar in bankruptcy proceedings.

The Russian demographer Borisov tells us that the bankers starved millions of Americans to death in the 1930s rather than allow people to understand the Babylonian solution. The Bible writers copied this concept when they wrote of the Jubilee cancellation of debt.

3) The Federal Reserve Act was written to transfer wealth from us to the bankers through the creation of a Debt Based money system. This is true. President Lincoln had created Greenbacks without borrowing money from the banks so there was no national debt and no interest on the debt. Lincoln simply printed the money and spent it into circulation.

There is absolutely no reason to have a national debt except to collect interest on a fictional debt. Why give the power to create money to the banks when government alone according to the Constitution is supposed to coin money? I will tell you why. The banks want to bring back slavery. They want you to become an indentured servant who inherits a national debt that is unpayable. They want to reduce you to slavery,

Any politician or pundit who does not understand this is either stupid or lying.

I should point out that President Kennedy issued Executive Order 11110 which directed the Mint to issue US Banknotes to replace Federal Reserve Notes. These JFK Banknotes were to be debt free as were Lincoln’s Greenbacks. They were withdrawn from circulation after his assassination. JFK was murdered on the 53rd anniversary of the secret meeting of the bankers on November 22nd, 1910 in a private rail-car that took them to Jekyll’s Island. Bankers like to do things on the anniversary of an important date to make sure you understand that monetary reform carries a death penalty.

4) All we have to do to solve our economic woes is to balance the budget. Wrong. Wrong. Wrong. All those knuckleheads need to listen and learn. The Gross National Product is the total sales of a country. Economists write it as a formula Where GNP = C + I + G or GNP equals Consumption plus Investment plus Government spending. The total GNP is currently 14 trillion dollars. Suppose we balance the budget by cutting spending two trillion dollars. That would mean we subtract two trillion from G and our new GNP is reduced to 12 trillion dollars which means that one seventh of the American economy would disappear overnight. That would send us instantly into a worse economic blight than the first Great Depression. Currently the states owe the federal government almost 100 billion dollars for extended unemployment benefits.

A man was recently explaining to his young daughter that we have no bread lines like they did in the 1930s because we have almost 49 million people on Food Stamps. Suppose we cut off unemployment extended benefits and Food stamps to make a down payment on that two trillion dollar budget cut. America would have nationwide food riots. 90% of all black children are on Food Stamps. I do not know the figures for Hispanics. But there would be no grocery stores in major cities that would not escape the riots.

If you hear someone talking of cuts, tell them to eliminate Unpayable Debts and interest on the national debt by bringing back non-interest bearing debt free Greenbacks. Then they can cut out the five foreign wars and remove our troops from at least 100 foreign nations. Then they can seize the assets of the banks that stole over 27 trillion dollars from us during the Banker Bailouts.

5) Fiat currencies always fail. What we need is a gold standard. Wrong. Wrong. Wrong. Presidents Lincoln and Kennedy had fiat currencies that were successful. And only ended with their assassination. The Isle of Guernsey and the American colonies both had fiat currencies that were successful.

The Italians had a gold currency that failed in 1348. The bankers loaned out more money than they had on deposit. This is called fractional reserve banking. Usually a bank will loan out nine times what it has on deposit. The Italian banks in Venice were unable to meet demands for gold from their depositors.

Currently, the risk manager at JP Morgan has two thousand dollars in risk for every dollar in deposits. I think this is an underestimate.

6) America could go onto the gold standard because we have all that gold at Fort Knox. Wrong. Wrong. Wrong. America has gold plated tungsten bars at Fort Knox. And the banks leased our gold and sold it four or five times to keep themselves from going bankrupt.

The gold was stolen by the Rothschild s and their friends. If we went back to the gold standard, we would be entering slavery to the Rothschild network because they would have all the gold money. The Rothschild s financed the Jewish trade in African slaves. Ask a black man how well that Rothschild slavery worked out for him.

I personally own silver because I expect this fractional reserve debt based monetary scheme to collapse very soon. I would use a gold exchange standard to get things going. But I could manage a monetary system with Greenbacks if Zionists and morons on welfare were not allowed to vote.

7) All we need to do to balance our trade deficit is to cut wages by devaluing the dollar so we can become more competitive. Wrong. Wrong. Wrong. Steve Keen is an Australian economist who says we need to increase wages so debts become payable. Unpayable debts lead directly to slavery. The US dollar eleven years ago was worth $1.20 when measured against a basket of six currencies. Today the US dollar is worth almost 75 cents. This has not created one job in the past decade. What it has done was raise the price of oil so everything costs more to produce.

In China factory workers are lucky to make a dollar an hour. They work 72 hours a week. They get no overtime and have no benefits. The Chinese workers do not make enough money to ride those Mag Lev fast rail trains you have read about. Suppose we cut American wages in half? Would that create jobs? No. We have been cutting wages since 1970 and we have fewer jobs today than then. It never worked in the past. No reason to believe it will work now.

To make the debts easier to pay we need to raise wages. To do that we have to stop issuing a million Green card work permits for legal immigrants. And we need to send back a few million illegal immigrants to open jobs for millions of unemployed Americans. But to create jobs we need new industries. We need to protect those industries with a 25% tariff. We need to create new jobs in computers, materials science, bio-engineering, aviation and energy by releasing the Top Secret research that is held in government labs. We could collect royalties from American industries employing American citizens. We could lease these patents to foreign competitors but we need a tariff to protect American jobs.

We made America prosperous by repealing the Glass Steagall Act and by allowing Credit Default Swaps to remain unregulated. Wrong. Wrong. Wrong. The bankers passed NAFTA and the WTO in 1994 so they could send 11 million jobs and 43,000 manufacturing plants overseas. They created the illusion of prosperity under Clinton by pumping up real estate and the stock market. The stock market was deliberately crashed in 2000 so the Zionists could elect George W Bush President because they wanted lots of wars for Israel. When the stock market failed, the Zionists created the subprime lending bubble on top of the already existing housing bubble. They loaned money to people who had no means of paying the loans. That did not matter. Some mortgages were sold as many as five times in Mortgage Backed Securities. When these loans failed, the banks collected on their Credit Default Swap insurance. There were no reserves set aside to pay losses. That did not matter. The bankers had the taxpayers pay out 27 trillion dollars in Bailouts to cover their frauds and keep the banking criminals out of jail. When the Europeans threatened a run on the American banks if they were not compensate for the trash Wall Street sold them, Ben Bernanke created 12.3 trillion dollars in new money and use it to but 6.3 trillion dollars in fraudulent bonds.

Glass Steagall was passed in 1933 and forbade investment banks from becoming commercial banks so the depositors are not exposed to speculative risks. With the repeal of Glass Steagall Jamie Dimon at JP Morgan was allowed to sell 80 trillion dollars in Credit Default Swaps betting that interest rates will not go up. If interest rates do go up, there will be worldwide Depression. Jamie Dimon isn’t worried about it because he probably knows when the Zionists will start World War III.

This is not a free market. It is criminality on a grand scale.

9) We have a moral obligation to pay our national debt. Wrong. Wrong. Wrong.

Jim Willie pointed out to Max Keiser that in the 1990s under beloved leaders Bill Clinton and George H W Bush the Treasury sold 2.2 trillion dollars more in Treasury bonds than were required to fund the deficit. That money was pocketed by the banks who now expect you to pay them back for the money they stole plus the interest. Catherine Austin Fitts has been telling us for years that the government allows the banks to steal billions of dollars every week from government spending which we are not allowed to audit.

We owe the banks nothing. We need to take back what they have stolen.

I also need to make this point about money creation. When a bank makes a loan, they are creating money by adding credits to a bank account. They are not lending you Mrs. Jones life savings. What they are doing is creating money. Money is a claim against our right to purchase goods and services. If we increase the money supply, then we are all in a sense bearing a burden by the diminished purchasing power of our money. But only bankers are allowed to participate in the benefits of granting a loan. I don’t think so. Cancel the debts and seize all of the banker’s wealth. And that of their co-conspirators. We ought not to suffer because the bankers killed our Presidents.

James Joiner
Gardner, Ma
http://anaverageamericanpatriot.blogspot.com

Britain can no longer afford to wage war: This is really troubling for many reasons!

This really is a devastating development as these wars are just barely starting. England was always someone we could count on. We have heard for years that the US can't police the world and do everyone's fighting for them but it increasingly looks like we are going to be doling just that and this purposely caused world wide financial disaster too is going to get much worse here and around the world.

In a bid to streamline its armed forces and help reduce its daunting levels of national debt, the British government on Tuesday announced plans to cut its military personnel by 10 percent, scrap 40 percent of the army’s artillery and tanks, withdraw all of its troops from Germany within 10 years, and cut 25,000 civilian jobs in its Defense Ministry.

The plan also calls for the immediate scrapping of the Ark Royal, Britain’s only aircraft carrier capable of launching fixed-wing jets, along with the entire fleet of Harrier jump jets. Also the government would delay construction of a new fleet of Trident nuclear missile submarines, which now constitute Britain’s nuclear deterrent, for about five years. Britain Announces Severe Military Cutbacks - NYTimes.com This is really troubling!

I understand Britain is hurting but so aren't we. Can't they Bankrupt Britain like we are Bankrupting America while enriching China to enlarge and update their military to some day confront us? We are hurting too but now is not the time to cut back this in its whole terrible scope has barely begun. Remember this as we watch things get worse and worse here and around the world? America's recession: It's over | The Economist

They say it ended June of last year making it 18 months long the longest since WW2. I hate to be the one to tell them but this is not over. It will dwarf the longest recession in U.S. history during the nineteenth century which was between 1873 and 1879. Tell that to the still growing number of poor. The overall poverty rate climbed to 14.3 percent, or 43.6 million people, the Census Bureau said Thursday in its annual report on the economic well-being of U.S. households, plus the jobless rolls just increased by 465,000.Over?

The share of Americans without health coverage rose from 15.4 percent to 16.7 percent or 50.7 million people mostly because of the loss of employer provided health insurance during the so called recession. If the tea party gets in control they will dwarf those numbers. Foreclosures were up again last month. The recession is over? Over and ended over a year ago? Tell that to the millions that know it is on going and see no improvement in sight. 1 in 7 Americans live in poverty

I started Blogging in 2005 as a means of talking with those that care about we the people, average Americans, those who live in the trenches of society and want to hear the truth and discuss that and how we really feel as we never ever hear it. Little did I know no one wants to hear it and no one cares. That goes for all societies all around the world.

The so called experts of the old world the pre 9/11 world became fond of saying this is a new world it will never be the same, we must adapt we must overcome this new world to survive as we are and proceed through the 21st century.

Those fools in the Government, the media, and corporations do not care about us or the truth only making money and playing their games. They do not have a clue and do not care period! Times have changed! I stopped writing books and started this Blog as a means of talking daily because ours and the worlds situation was devolving so rapidly I could not keep up with it. It keeps getting worse!

I started warning in 2007 of the impending financial disaster when Bush Greenspan, Kramer, and other so called leaders the economy and the stock market were senselessly playing up how great things were. It was very exasperating!

Again, I was frightened at the portend of things to come and the truth was being ignored, maybe not seen, but it was frighteningly obvious we were rudderless and all our so called leaders only cared about themselves.

This recession is not over it has barely begun. We alone have borrowed trillions and despite political game playing cutting a few measly Billion is worthless especially in vital parts of the worlds defense.; There really is room to cut hundreds of billions of dollars in waste in the US and Britain but the right thing as usual will never be done only the things that will help one party or the other even in Britain. We really better wake up because we are in trouble and we are like it or not the worlds police force at least for now!

James Joiner
Gardner, Ma
http://anaverageamericanpatriot.blogspot.com

The so called recession is not over it is just getting legs!

America's recession: It's over | The Economist

They say it ended June of last year making it 18 months long the longest since WW2. I hate to be the one to tell them but this is not over. It will dwarf the longest recession in U.S. history during the nineteenth century which was between 1873 and 1879. Tell that to the still growing number of poor. The overall poverty rate climbed to 14.3 percent, or 43.6 million people, the Census Bureau said Thursday in its annual report on the economic well-being of U.S. households, plus the jobless rolls just increased by 465,000.Over?

The share of Americans without health coverage rose from 15.4 percent to 16.7 percent or 50.7 million people mostly because of the loss of employer provided health insurance during the so called recession. If the tea party gets in control they will dwarf those numbers. Foreclosures were up again last month. The recession is over? Over and ended over a year ago? Tell that to the millions that know it is on going and see no improvement in sight. 1 in 7 Americans live in poverty

I started Blogging in 2005 as a means of talking with those that care about we the people, average Americans, those who live in the trenches of society and want to hear the truth and discuss that and how we really feel as we never ever hear it. Little did I know no one wants to hear it and no one cares. That goes for all societies all around the world.

The so called experts of the old world the pre 9/11 world became fond of saying this is a new world it will never be the same, we must adapt we must overcome this new world to survive as we are and proceed through the 21st century.

Those fools in the Government, the media, and corporations do not care about us or the truth only making money and playing their games. They do not have a clue and do not care period! Times have changed! I stopped writing books and started this Blog as a means of talking daily because ours and the worlds situation was devolving so rapidly I could not keep up with it. It keeps getting worse!

Watching the inept lying mindless Bush run and get elected "supposedly" along with his crew of lying enablers to control and change societal and world order to a new societal and world dis-order was frightening and absolutely no surprise in total including the timing of this so called recession and world financial collapse.

The entire lie we have lived since 9/11 so Bush could get the power he needed to get in the Middle East and do his world altering war mongering will never be admitted to or known, Along with the entire mess Bush created, the economic disaster was held off with bail outs and kick backs until Bush got out of office and Republicans could blame the whole mess they and Bush created on Obama and the Democrats, it worked.

I started warning in 2007 of the impending financial disaster when Bush Greenspan, Kramer, and other so called leaders the economy and the stock market were senselessly playing up how great things were. It was very exasperating!

Again, I was frightened at the portend of things to come and the truth was being ignored, maybe not seen, but it was frighteningly obvious we were rudderless and all our so called leaders only cared about themselves.

This recession is not over it has barely begun. Think of the frightening prospect of of putting this mess in the hands of the know nothing Republican party hijackers, the tea party voodoo fools.That is frightening! That possibility is what we are now facing.As we just discussed, only Bin Laden can end this so called war on terror he started and only keeping health care and staying on the track of the recovery of "our" America Obama is trying to get us on, will give us a future, success into the 21st century.

The Brown Shirts I mean tea party have successfully hijacked the Republican party as threatened if you have not noticed. If they get in control what happens will not be pretty nor will the "liberty" they want. You have seen it before and know the results. If the so called tea party gets in control of the US it will be much worse mark my words.



James Joiner
Gardner, Ma
http://anaverageamericanpatriot.blogspot.com

Home ownership in Crisis, Home shares plunge, stock Indexes drop after Bernanke Comments!

Home ownership in Crisis, Home shares Plunge, Stock Indexes drop after Bernanke Comments as Massachusetts puts on Brakes!
About 2.4 million holders of subprime mortgage loans made between 1998 and 2006 will lose their properties to foreclosure, according to a report from the Center for Responsible Lending, a nonprofit policy and advocacy organization for home owners. Worse, that will result in a net home ownership loss of one million households. CRL's analysis Rebutted the mortgage industry's claims that the increase in subprime loans has opened up home ownership for millions of low income buyers. Instead, CRL contends, relatively little subprime lending is used for first-time home buying.
The report criticized both lax underwriting - noting in particular a disregard for the ability of borrower's ability to repay loans - as well as dangerous loan vehicles, such as "exploding ARMs," which have low rates for the first two or three years before resetting at much higher rates. http://money.cnn.com/...
This sounds pretty dire and many of us that watched the predatory lending practices expected but with The news of the FBI investigating possible fraud in Beazer Homes' mortgage lending practices comes amid woes in the homebuilding sector and a recent meltdown in the subprime mortgage sector that has seen several lenders seek bankruptcy protection. Weak demand for new homes, sales at steep discounts and the need for inventory write-downs have taken a toll on Beazer Homes' results. this is of particular interest because Beazer is said to be the largest home mortgage lender in the Nation. http://www.newsfactor.com/...
Beazer is suffering hefty losses because of the housing downturn and their shares are dropping dramatically. I am sorry but I do not feel for them. As a result of their predatory lending practices many people were taken advantage of and the crumbling house of cards is spreading throughout the stock market as you would expect.
U.S. stocks fell sharply today after Federal Reserve Chairman Ben Bernanke cast doubt about a recovery in housing and said uncertainties surrounding the economic outlook had increased.
Shares of bellwether companies, including plane maker Boeing Co. and diversified manufacturer General Electric Co. were among the top decliners, along with shares of banks and retailers.
In testimony before the congressional Joint Economic Committee, Bernanke expressed concern about the slowdown in the U.S. housing market, which he said had been the principal source of a slowdown in economic growth that began last spring. http://news.ninemsn.com.au/...
The economic slowdown is not due to the housing Market as Bernanke says but rather the reality of Bush fiasco's catching up with people. With that said I believe Massachusetts is taking the lead in holding these predatory lenders accountable and seeking to ease home owners pain by making it more difficult for lenders to foreclose and seeking creative ways to help affected borrowers pay their mortgages. Massachusetts has been particularly hard it and appears to he heading towards a housing crisis that they are trying to head off. http://wbz1030.com/...
Just how badly are these predatory lenders in Bush's great economy going to hurt the average American? Just one family in ruin is too much for me and it hurts! But just how far is this going to go and how bad is it going to hurt the country?

James Joiner
Gardner, Ma
www.anaveragepatriot.com