OT.. and long article but a good read

[Guest guest]

The author of this article gave permission to cross post freely. His

intention is to help all dealing with the darkening economy.

 

I have prepared this to help those trying to educate their families as

to the coming debacle. Please bump it.Posted May 3rd, 2008 by

 

melgesman

Caveat: While what follows is the result of my research thus far, there

may be unknown (by me) monetary policy tools that I have not mentioned

which could act to mitigate the outcome of our current predicament.

However, in all of my research thus far, I have not found them and would

appreciate any additional information regarding this.

My motivation for this is to provide, as concisely as possible, the

gravity of the financial situation that is upon us. Most people have

neither the time nor the propensity to delve into this stuff and without

understanding it you may find yourself steamrolled by it in the near

future. By knowing what follows, you will be infinitely better equipped

to examine your own situations and plan. I will revisit this often and

answer any questions that I can.

Also, I am not, nor have I been by nature a paranoid individual, although

I am now an anxiously nervous one! Knowing that this is to be posted on

the internet, and pointing to the fact that there is nothing incite-ful

or terroristic in my prose, I present this without identifying myself as

I have no desire to attract the attention of the National Security State

prior to the civil unrest that is about to befall us. The repudiation of

our basic Constitutional rights under the Patriot Act and numerous

Executive Orders coupled with activities brought to light by governmental

whistle-blowers has served to severely degrade my belief in the

benevolent nature of our government A uniquely empowered FEMA has been

very busy in preparation. Besides, my wife insisted…

Economic Ramblings

By P.J.A. – A Concerned Patriot

Annapolis, MD

While I have been emboldened over the apparent increase in the numbers of

Americans “waking up” and as evidenced in the numbers that have come to

follow Ron Paul, we have quite a long way to go. It is so disheartening

to acknowledge that a quorum of rubber stamping Republican and Democrat

dilettantes still exist, enough so to continue to propel the American

bus’s trip over the cliff. Until this quorum is chiseled away through the

education of the masses coupled with an acceptance of personal

responsibility and the ascendancy of an honest leader, we will not see an

end to the statist agenda that virtually both parties are following. The

statists have a hammer lock on control of the two Party’s, look at what

just happened during the 2008 Nevada GOP Convention. The Republicrats are

about to bring great ruin on us all.

When you understand what follows, ask yourself two questions…Who would

benefit from what is coming? The second question, (Why?) will be answered

by the first…but only if you do the research. If not, you will be doomed

to continue to be smacked around like an economic ping pong ball while

elitists destroy the American middle class and sell us off into world

government. This is not something that “might happen” in your future…it

is in process right now and will have run its’ course within the next 5

years…probably much sooner given the state of the agri-oil markets and

the extra speedy motors added to the printing presses within the Fed’s

system.

If you endeavor to learn, you may be able to protect yourself. What you

really will have to do, once your jaw is raised back into place, is to

take a stand against the dog and pony show that is the political system

as we know it. Protection will lie in the absence of debt and the

physical transference of cash equivalent assets into precious metals

ASAP. The debt elimination must include your mortgage as bank failures

will have these loans “called-in” in an environment where loans are

non-existent. Please don’t fool yourself about any FDIC guarantees. The

FDIC is merely a window dressing that holds an infinitesimal percentage

of all deposits in their reserves and will be immediately insolvent once

the run starts. Get your money out of the banks and convert it to gold

and pre-1964 silver coin.

To begin, I just need to touch briefly on this...I have to state my new

found respect for “Whistle-Blowers” and “Conspiracy Theorists”. For those

that like to ridicule “Conspiracy Theorists” as “wacko’s living in

trailers”, I’d challenge them to truly understand who these “theorists”

are and what they are saying while honestly examining the evidence they

present. Simply “spewing” ridicule, backed by MSM (Main Stream Media)

meme as the authority, will not serve you well. This is what I have done.

Rather than jump on the “Ridicule Express”, I endeavored to understand

why such seemingly insane opinions existed.

A couple of years ago, after hearing in the news that 30%+ of the

American pubic were a bunch of wacko’s that believed that 911 was an

inside job, I was completely dumbfounded. I couldn’t fathom how anyone

could possibly believe in such things. I voted for Bush twice and

certainly never held such beliefs.

Even now, after months of investigation and research into 911, the

Illuminati, aliens, and other “theories” I am hard pressed to point a

finger at “the government” per say…but I do have many questions that NEED

answering before I give the " powers that be " a pass…on ALL of

those subjects…yes, even the " alien " thing. Besides, can

anybody truly differentiate between a “Conspiracy Theory” and/or a

“Strategic Plan” and is it so hard to understand that history has been

defined by the conspiracies of powerful men? Is there any amongst us who

has not heard of a conspiratorial group called The Sons of Liberty? At

some point, prior to the culmination of their plans, their machinations

were performed in smoky back rooms and only whispered of in public. I

wonder who laughed at the whisperer’s as they spoke of a small cadre that

was plotting to topple the greatest power that the world had ever

seen.

The vast majority of these “conspiracy theorists” that we so readily

throw under the bus are, from my experience and perspective, good

Americans or lovers of liberty who have realized that a grave problem not

only exists in our country, but is growing. They, more than any other

subset of society, are truly the ones among us who have taken it upon

themselves to honor personal responsibility in their own educations and

are now therefore informed to a great degree, and are sounding the Klaxon

for our benefit. They have turned off their televisions and taken it upon

themselves to try and identify and understand who or what is driving

their ill fated bus. They are the ones who have taken the proverbial bull

by the horns, and they are the ones begging for your assistance in

subduing the beast. The most surprising thing for me was to find an

over-abundance of substantive well researched information was available

for all to see and it consisted of information that you WILL NEVER SEE in

the corporate controlled media.

I don’t live in a trailer and am in fact an educated, professional bean

counter (accountant) and a securities trader. Even with an educated

background and the ability to do “research”, I found myself like most

others, living my life in a media controlled daydream believing in the

altruism of my government and the importance of a new quarterback for the

Ravens. Well…no more. While we have all been told to beware of what we

read on the internet, I have found that this is the place to get truly

educated. The thing to be cautious of is the box that sits in your living

room as it lulls you into a false sense of security, “spews” bullshit at

regular intervals, and allows for little educated discernment.

Please understand that this is not a piece on " Conspiracy

Theory " and I will leave this subject with this: It is my belief

that what is now in evidence is not, by any means, the results of some

" Comedy of Errors " resulting from the actions of a bunch of

idiots that people the halls of power in Washington. Given this, I

believe that the results point to machinations of some controlling

influence, whatever that may be. Somewhere within the grand cacophony of

supposition and theory that swirls around us lies the truth. Sadly we are

not destined to know it until such a time as a body of citizens,

disconnected from the power structure and armed with punitive subpoena

power is convened to investigate on our behalf. Until the day that our

power is reclaimed from the vast self-serving bureaucracy that

manipulates us, we will have to maneuver to protect ourselves from

further machinations and subterfuge. Now, let's move on...

We have incredibly difficult economic times ahead. I have prepared what

follows from my research to awaken my friends and family to what is about

to happen to us. It is very pertinent to us all as we are facing imminent

financial collapse! There is little doubt of this in my mind, and you can

find lots of support for what I am about to illustrate with little

research. We have a currency in dire trouble so you have to understand

one thing intrinsically, collapse is a very high likelihood and it may be

currently imminent! You must act to protect your current purchasing power

against the hyper-inflation that is coming.

What follows should engender an understanding of the goofiness of any

candidate parading before us telling us how they are going to spend MORE

of our money. It doesn’t matter what their “pet” issue is, there is no

money for any of it other than what they will print. And those of you who

would vote for McHilama and are not only allowing a national fleecing,

but are buying into it with your very livelihoods. I will never do this

again. I will write in Ron Paul. Here is why:

Our currency is backed by nothing other than the world’s “faith” in the

American government’s ability to make good on their obligations and the

long standing Bretton Woods agreement that the US Dollar would act as the

world’s reserve currency. This means that any country wanting to buy oil,

must have US Dollars to pay for it. This has served to “prop up” the

value of the dollar for as long as the phenomenon continues as the

dollar’s value was defined in its use. Don’t expect this to last past

2009. Chavez has already begun selling in Euro’s and the Iranian Oil

Bourse is open and trading in Euro's and Yen. This is the reason behind

our stance towards them and the reason another Carrier has entered the

Gulf.

Our currency is a fiat currency that was ripped from any controlling

valuation standard (like gold and silver) in a process that began in 1913

with the advent of the Federal Reserve Act and culminated in 1972 with a

complete repudiation of any gold standard. America had printed and spent

too much during the Vietnam War and was, by all measurements, broke and

unable to pay its’ international debts in gold.

It is important to note that that all un-backed fiat currencies collapse.

ALL! And they all collapse in relatively the same manner. At the very

least, we have an irreversible financial crises ahead. With this said,

you must understand that it is incumbent upon you to be aware and be

ready for it. I see this happening sooner rather than later...much

sooner. And while I am also driven by the desire for a more wholesome,

rural environment for my son to grow up in, this " state of

affairs " is certainly a factor in our desire to get to the mountains

and get settled as soon as possible.

We have 80,000,000 baby-boomers reaching retirement age over the next

few, but very important years. They will be required by law to begin to

draw down their retirement accounts which will create its’ own downward

pressure on the markets…a phenomenon that will begin this year and

accelerate for the next ten years. The National Debt is currently at $9.4

Trillion, and most assuredly will be over $10 Trillion by the end of the

year. The last estimate that I heard given, regarding the amount of

unfunded liabilities and entitlements owed by the government, was $62

Trillion (This number seems to fluctuate each time I hear it referred to

but, in any case, it is above $55 Trillion). These “unfunded liabilities

and entitlements” consist of the money we will have to pay out for

Medi-care, Social Security, and Welfare.

Add these deficits and estimates together and you get $71 Trillion. That

is $71,000,000,000,000.00 that we owe to the government to pay for these

obligations over the next few years! Forget about continuing operations,

forays and whims, I simply speak about what we currently owe. Just as a

matter of perspective, and since these huge numbers are bandied about in

the news like it’s just another dinner out…If we were to stack 71

Trillion crisp, new One Dollar Bills, one on top of the other in banded

stacks of 100, the stack of bills would reach 11,205,808 Miles! That is

the distance from Earth…to the Moon…and back… 23 times! Or another way to

look at it…If you were to sit and count to 71 Trillion, and you did it

constantly, 24 hours per day, 7 days per week, 52 weeks per year, you

would finish in about…oh….6,745,000 years!

Given that we have 300 million people in the U.S.A., $71 Trillion in

government debt is the equivalent of $236,000.00 of debt for every man,

woman and child in the country…a mortgage for each of us without the

house to back it! Usually one would then further extrapolate the $71

Trillion across only the swath that “actually pays federal income tax.”

While statisticians would want to “adjust” this figure to reflect the

fact that not everybody pays taxes, such jockeying belies an improper

assumption about how the monetary system works…as you will see…

Yes, this is the government’s debt for all of the wonderful gifts that

we've voted them into office to " give " us and collectively we

somehow are able to emotionally and intellectually separate ourselves

from this as if someone else will have to pay the tab. Typically we think

that this has little to do with the exigencies of our own personal lives

and it really has been “nice” to have other “more knowledgeable” people

thinking about these things as it has allowed us more free time to pursue

our personal desires. This is far from the truth.

First understand that, as an American, and since this is your government,

these funds can only come from one place...either by hook, or by crook,

that place is your pocket. You will have to pay these governmental bills

in addition to all other living expenses. Since our Income Tax and other

federal taxes brought in $1.8 Trillion in 2007 and we are currently

operating on $2.4 Trillion, we increased the amount we owe by around

$6.00 per person, per day just in deficit spending and as a numeric

measurement of the increase in the debt in 2007 alone. This year’s

projected budget deficit, as mentioned by Ron Paul at Goucher College, is

somewhere in the vicinity of $750 Billion, a number that is probably

negatively suspect given all of the subterfuge and lies that seem to be

growing unabated in Washington, DC. Bush has just proposed a budget in

excess of $3 Trillion for 2009 and the economy has taken a downturn which

will further apply negative pressure to the Government’s revenues for

2008 and the foreseeable future. In this very same environment, deficit

spending will now reach over the $1 Trillion mark. But wait!...There is

more…so much more...

Elected government officials are typically judged by, and re-elected for,

what they can bring back to their constituents from Washington. Other

than Ron Paul who has been trying, I have no imagination that would have

any of them ever telling us the truth about this…at least not until it is

too late (which it already is). Political reality says these things will

be paid and since we don’t currently bring in enough money to pay for

current operations, the only way for that to happen is by printing the

money. What crushes me is that almost every person I talk to about this

doesn’t know what this means and some think that I’m a bit crazed in my

assumptions. What makes matters worse, is that most people are completely

oblivious as to exactly how money is created and exactly how much

inflation results from a few billion dollars in government spending…like

the stimulus package the government is providing right now.

As it is my newly adopted habit to steer anyone who is in financial

literacy limbo to the book " The Creature from Jekyll Island " by

G. Edward Griffin, and given that you are a bit further on than most, I

will recommend it to you but take the time to at least address the

" Mandrake Mechanism " which is how money gets

" printed " in this country. It is something very few people

know, even though it is not that complicated.

We exist under a system of fractional reserve banking. This means that

banks, desirous of your deposits spend money and effort in attracting

your business by providing an enticement of interest...let's use 3% for

illustrative purposes. They make their money via fees and interest they

earn when they " loan " the money that you have deposited to

others. But, and this is a big “BUT " , per the fractional reserve

system, banks are allowed to lend more than what is deposited by their

customers…nine times more!

Say I deposit $10,000.00 into M & T Bank. M & T has increased their

cash reserves by my $10,000.00 and may now, under the rules of the

Federal Reserve System, loan out nine times the amount that they have on

deposit. This means that they are able to write loans of $90,000.00 based

on my $10,000.00 by " printing " the $90,000.00 out of thin air

using a computer entry. This is absolutely no different than turning the

presses on and letting them rip...exactly the same! They pay me 3% of

$10,000.00 or $300.00 and receive say 6% of $90,000.00 or $5,400.00.

Hearing this kind of makes you want to own a bank, doesn’t it?

As the creation of money is now mostly a computer transaction, it only

takes a little time and a calculator to understand how much money is

about to be printed from $750 Billion in deficit spending that ultimately

ends up in the banks. Here...I'll help you...it turns into $6.75 Trillion

over the course of the next couple of years! Never mind that mortgages

may be harder to come by, the loans will instead be provided in other

sectors of the economy or to third world countries through interaction

with other banks, the Fed and the World Bank/IMF. It is their “right” to

print it, and print it they shall for how else are they to earn money? It

is what they do!

Now take the estimated deficit spending of next year of $1.25-$1.50

Trillion and you will see that this will result in " new money "

being printed in the amount of $11.25-$13.5 Trillion because of next year

alone! This means that the actions of the Government in collusion with

the Federal Reserve will generate an increase of the money supply over

the next few short years of approximately $18 Trillion give or take a

Trillion or so. What results from this is illustrative of the law of

supply and demand at its most blatant...as more dollars are available to

chase the same goods (supply increase) prices rise or in other

words...inflation results.

In 1980, and using round numbers, the M3-the money supply, was

approximately $2 Trillion. Since Congress has no problem spending what

they don’t have, the presses, by 1990, had increased the money supply to

$4 Trillion. Between 1990 and 2000 it increased again to $6 Trillion!

Between 2000 and 2007 this jumped to $10 Trillion…20 year’s worth of

inflation in just 7 years! And now we will see the hyper-inflationary

environment kick into high gear as we go from $10 Trillion to $28

Trillion in the next 4-5 years!!! Here is a graph showing the progression

thus far:

 

http://upload.wikimedia.o...

Revision Note:

My illustration above was originally meant to explain how this works and

what results from the periods I mentioned, this year and next. This is

inadequate and to understand that the full extent of the problem is

actually worse we must take into account the last few years as their

affect has yet to be realized. The inflation of the deficit dollar by a

factor of 9 takes place over a period of 2-4 years after the deficit

dollar is spent. My illustration made no reference to the deficit

spending since 2004 so here you are:

2004 - ($567 Billion) x 9 = $5.1 Trillion

2005 - ($493 Billion) x 9 = $4.4 Trillion

2006 - ($434 Billion) x 9 = $3.9 Trillion

2007 - ($600 Billion) x 9 = $5.4 Trillion

While 2004 may be pretty well " baked in " to the present $10

Trillion, most of this hasn't even seen the paper loaded into the presses

and some of it will be mitigated by the failure of loans on the books

which will stall their abilities to inflate since the decrease in their

reserves will alter what they can do. But with the deed done and the

basis for inflation already loaded into the tanks, surely you can see a

decidedly anti-deflationary engine is rumbling to life.

The banks are in possession of, and earn their money from, debt

instruments like mortgages, car loans, construction loans etc. These

instruments are also hard hit by the inflation once it is fully absorbed

into the system. The value of these and the purchasing power of the

income generated from them decreases right along with the value of the

currency. All of this exists while operational costs continue to rise

rapidly with inflation. So, you can see that there exists a systemic need

for them to continue to loan out more and more money just to keep up with

their own expenses.

Add to this that the government’s numbers are being fudged and market

indices are being manipulated to paint rosy pictures that are in effect a

complete fallacy. For instance, which stock market index do you think

still includes ENRON as part of their “calculation”? None. This means

that the true reflection of the debacle no longer shows in the

measurement of the performance of the markets. This is common for

components to be “de-listed” which, in effect presents a false

interpretation of economic performance.

It is my understanding that we have measured inflation via an accepted

methodology for many decades until just a couple of years ago. What makes

up “GDP” has also changed to reflect and include re-selling of imported

goods manufactured off-shore by non-American workers. This is improper as

GDP is supposed to be the measurement of “our” output. Further, using the

new methodologies, we were told that we experienced 2-4% inflation last

year. I don't know about you but it felt like a truck load more to me. I

paid $3.19 for a half gallon of organic milk last year. Today it was

$4.05! I don’t have to say anything about energy costs. If we were to

return to the calculation methodology used for years and years, inflation

last year was above 12%!

Given the now overwhelming flow of notes from their ethereal printing

presses, the Fed’s weapons against inflation, the manipulation of higher

interest rates to slow borrowing and the repurchase of outstanding

Treasury notes to decrease what is in circulation will no longer have an

appreciable affect. Interest rates can’t be raised as this would stick

the bayonet firmly in the breast of the housing market thereby bringing

about the immediate and total collapse of the economy and the failure of

the banks. Any winding in of currency via the re-acquisition of Treasury

bills would in effect only decrease the originally printed dollars and

have no appreciable effect on the expansion dollars in circulation. Add

to this the indisputable fact that there is no move to curtail deficit

spending and the writing on the wall grows in its clarity on a daily

basis, certainly as we watch the numbers climb on the placard of the

local gas station.

Now let's re-examine my previous statement that a statistical adjustment

of the $71 Trillion, to take into account why the fact that not everyone

pays taxes, is really a canard. Imagine if you are some little old lady

(or maybe you are) who is relying on the stipend provided by her

questionable Hero...FDR. You may get a whopping $1,600.00 per month to

live on. Can you imagine the effect that a hidden inflation tax of 12+%

has on her? What will it be like next year when inflation crests 15+%?

Can anyone absorb a hit of 25+% of their income in two years? And what

about the year after that as inflation picks up speed? What about those

on welfare? What about the working poor? What about you?

There are many in our society who exist either on a fixed income or on

menial wages and nothing exists to change this. We are not the country

that slipped into a morass in 1929. While the means of production sat

idle for a few years, the means of production still existed. They no

longer do...at least not here. They are in China, Taiwan, Sri Lanka and

many other places…just not here. They have been dismantled and shipped

off-shore. The " good jobs " that politicians love to crow about

and promise you in their campaigns are non-existent and no stimulus

package will bring them back prior to our joining the Third World! NAFTA

and the WTO saw to that. Can't you hear Perot's " Huge Sucking

Sound " now?

The last, though certainly not the least, problem is the high likelihood

that the dollar's time as the world's reserve currency will end VERY,

VERY soon. The threat of the loss of this position is why we are in Iraq

as Saddam stopped taking dollars for oil in 2002. We invaded under

pretext 6 months later. Iran's Oil Bourse has come on line and is being

traded in Euro's and Yen which is why we are moving carriers into the

Gulf and looking at them hard. Being the reserve currency means that

people (countries) must own dollars so they can buy oil. This

artificially props up the value of a currency which has allowed the

collusive Federal Reserve/American Government “conspiracy”, and somewhat

criminal partnership, to foist their scam on the world. The world is now

wise and given the talk in OPEC, will soon dump the dollar in favor of a

basket of currencies. This will be the end for the dollar.

In the Weimar Republic of Germany, in January of 1919 and towards the end

of WWI, one ounce of silver sold for 12 marks. Due to the punitive Treaty

of Versailles in June of that year, Germany had been forced into a

surrender that included massive fines and recompense to her former

adversaries. Within 4 years, by January of 1923, as they did what we are

doing now...printing the money to meet their obligations, silver went to

23,277 Marks per ounce and one year later in January of 1924, the price

of one ounce of silver rose to 543,750,000,000 Marks per ounce! Yes that

is 543 Billion Marks per ounce! Apparently no one wanted to let go of

their silver in return for Marks. As more Marks flowed into circulation,

the amounts of Marks chasing the same goods and services grew and as did

the prices. This is known, of course, as “inflation”, or in this case,

“hyperinflation leading to collapse of the currency”. With an equivalent

collapse in our own economy do to the debasement of the currency, we will

be facing the proverbial scenario of needing a “wheelbarrow of cash to

buy a loaf of bread”. Given what I have already painted with regards to

the amount of paper that such an amount would entail, one can see what a

highly inadequate illustration this really is.

I was recently sent the below link by my father whom I had been urging to

read the book, “The Creature from Jekyll Island”. The book completely

explains the history of the Federal Reserve and its collusive and often

nefarious activities over the years. It also explains in very

understandable, even simple terms, the mechanisms of its

operation.

As the book is almost 600 pages long, it can be daunting to most people.

Even though the film I am linking to is sufficient in teaching you what

is most pertinently of concern to us all, you should still commit to read

the book. It is information that will be important to you in the future.

Please don’t be afraid. It is a great book and it reads like a detective

novel, not a textbook. It is actually exciting, complete with its

intrigues and the conspiracies of powerful men.

It really is one of best books I’ve ever read…and I read a lot. Once you

have read this, you will never see the world in the same way again. You

will also come away from it like a child with a new skill. You will have

been completely informed about money and history but now you will possess

an eye for the intrigue and subterfuge that most don’t see. It is

information that may actually save you great financial pain and allow you

the knowledge to maneuver through the troubled waters ahead.

Were everyone to know and understand what is in this book, and so have

opened eyes as to what we have allowed politicians to do to us, I believe

that neither the Republican, nor the Democratic parties would continue to

exist and we would have a return to small constitutional government in

short order. It is my hope that in such a utopia, we would regain control

of our airwaves again…but that is a subject for another

dissertation.

Please watch this video. This is the author of “The Creature From Jekyll

Island” G. Edward Griffin, explaining the pertinent facts of the book,

and the danger that is now upon us. Keeping the aforementioned example of

Germany in mind, listen for and truly understand how the Mandrake

Mechanism works. Griffin gives a very simple and understandable

explanation of the effect. Once you understand how the government gets

its money, and what the banks then do with this money, you will fully

understand what is happening with every additional deficit dollar spent

and see how bad this will get in the not to distant future. Hopefully you

will now have the information and the knowledge to see the pitches being

thrown, and act to safeguard yourself and your assets, as the pitches are

now being hurled at your head.

 

http://video.google.com/v...

David Walker, the former chief accountant of the USA as Comptroller

General of the United States for the GAO has been traveling the country

over the past two years trying to warn the public about what the

government is doing to us. Sadly, he just quit his job at the GAO for a

position in a CFR think tank, so they now have shut him up by their time

honored method...draw your own conclusions...

Of course the numbers Walker cites have changed. They have gotten worse.

The only problem with his scenario, and it wouldn’t surprise me if he

didn’t understand it, is that there is no discussion about the effect

that all of the Trillions in new money placed into circulation is going

to have on the ultimate money supply and value of the dollar. He only

speaks of the debt burden.

Remember, when the government calculates inflation now, they are now

using a different methodology than they used just a few years ago. Their

new method says that we saw inflation of 2-4% last year when, had they

used the proper method, or at least the method they have used for years;

the rate would be more like 12-14%...you know…the rate we all felt. Also,

in March 2006, the Federal Reserve stopped reporting the M3 which is

basically the money supply report! The Fed stated:

“M3 does not appear to convey any additional information about economic

activity that is not already embodied in M2 and has not played a role in

the monetary policy process for many years. Consequently, the Board

judged that the costs of collecting the underlying data and publishing M3

outweigh the benefits.”

In a heated Congressional meeting this summer, Ron Paul took Chairman

Bernanke to the woodshed over this and he just did it again

recently…accompanied by cheers from the trading floor in Chicago. The

traders on the floors of the exchanges were chanting his name as he did

so. Those with monetary policy intelligence apparently know exactly what

is happening to us. Below are both a video David Walker produced in 2006

and a 60 Minutes interview from early 2007

..

 

http://video.google.com/v...

 

http://video.google.com/v...

I am also including a link to a Youtube poster’s account. The owner of

the account has posted numerous clips from a seminar given by economic

experts David and Donald McAlvany. These will hammer home the very

drastic and dangerous future that is upon us. I am providing this

information to warn you so that you can make plans to protect yourself

and your families. Good luck in all that you do. I hope this information

comes in time for you to make the necessary adjustments for

survival.

 

http://video.google.com/v...

Here is Kiyosaki talking about this problem.

 

http://www.richdad.com/Ri...