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How do we fix our economy? We return dignity to money. Our own mistrust of this Federal
Reserve paper is the prime factor in the decreased volume of money transfers. The reckless activity
of the banking industry and cabinet secretaries for both Bush and Obama obviously throttled
the markets, but the real blow was not the actual economic activity of Lehman Brothers
or any other bank, but rather, the indirect influence on users of the currency. You see,
a Ponzi scheme works perfectly fine, so long as the victims remain blissfully ignorant,
or at least ignorantly complicit of the money manipulation scheme. As long as the confidence
the public holds for Federal Reserve dollars is stronger than doubt of future value and
exchangeability, then the currency will remain relevant. So in light of all the financial
degradation and banking scandals of the past five years, what is keeping the value of the
dollar alive? Put simply, it is power to remain the sole issuer of acceptable currency that
was given to the Federal Reserve Corporation in 1913 by Congress, through powers that the
bankers outlined in the Federal Reserve Act. Yes, the bankers themselves drafted this legislation
in secret on Jekyll Island on November 22, 1910. They even used pseudonyms to avoid traceability.
At first, Federal Reserve currency was backed by gold and silver. The government and banking
class inevitably grew tired of this system, as finding new metals became increasingly
less frequent and more difficult to extract. In 1971, Nixon took the dollar off of the
Gold Standard and through the aftershock the U.S. dollar adapted into the world's reserve
currency. The term petrodollar was coined in 1973, after Henry Kissinger made an arrangement
with the Saudi Arabian government that would establish the petrodollar. The agreement was
that if the Saudis refused to accept payment for oil in any currency other that U.S. dollars
and invest their surplus oil into U.S. debt securities, then the U.S. would provide military
protection for their oil wells, and inevitably their entire nation, from Israel, and also
agreed to give them a regular supply of weapons. Within two years, every OPEC member nation
had made the petrodollar arrangement, thus tying the bond between consuming Middle East
oil and U.S. military involvement in the region with the value of the U.S. dollar. In other
words, the value of the U.S. dollar relies on your trust in its integrity coupled with
OPEC's ability to sell oil and the U.S. military's ability to keep the oil flowing fast. All
of this value, however insanely derived, is only squandered domestically, once again because
of government created monopoly, and one with near to no oversight. The Federal Reserve
bank's first audit occurred 98 years after it began and revealed they secretly gave international
firms over 20 trillion dollars in temporary loans. Many cite the fact that they were nearly
all paid back, as if it made the act completely justifiable. As if throwing 20 trillion dollars
in foreign markets does not manipulate currency in the least. People with this philosophy
have no respect for rules nor any concept of basic macroeconomic principles. So this
leaves us with a question, the one posed at the beginning of the video: "How do we fix
our economy?" The answer is break the monopoly, and expose and ridicule the Ponzi scheme.
First, take away the government enforced monopoly on currency distribution. I will acknowledge
that an open currency market would be filled with junk currencies, the same way the stock
market is filled with junk stocks and bonds. But maintaining the value of a currency really
is not rocket science, it is much easier than maintaining the value of a business in a constantly
manipulated economic environment. In an open currency market, Federal Reserve notes would
be considered a dinosaur and the value, and the theater that props its value, would slowly
and painfully vanish. When Bernie Madoff's victims learned of the nature of the scheme,
they realize it was not in their best interest to continue the scheme. They realized the
volatile nature of the scheme and the absence of any foundation holding it up. Wylie Coyote
running over cliff is the perfect metaphor. He does not fall until he looks down. Currently,
we know we are running on thin air but we know not to look down. But curiosity will
reveal the truth and soon the Coyote will fall. Alternative currencies are the branches
emerging from the cliff face; the sooner we grab onto one and the more secure it is, the
better chance we will have of recovering. It is in our best interest to open our eyes
now, as we are running deep into a void. We need to gather and expose the manipulation
the money monopoly men have on our economic and political systems. On November 22nd, we
will surround the 12 regional banks that print and distribute money, as well as the board
of governors building in D.C. We will have protesters exposing the Federal Reserve, we
will have economists and activists discussing solutions and we will see alternative currency
in action. Please find the national event URL in the description below, as well as the
regional rally you plan on attending. It is pertinent that we reach critical mass for
this to feasibly take off. Considered taking a few minutes to invite friends on the event
page. It may seem futile but it is absolutely the most effective way to reach potential
attendees. The time to take action has already passed. We need to end the Federal Reserve
monopoly and expose the worthless paper for what it is. Then we will demonstrate the solutions
to the world. It could not be any simpler. I will see you November 22nd!