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Meltdown of U.S. Dollar Underway as China Dumps the Currency

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posted on Apr, 21 2008 @ 05:01 PM
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Thomas Jefferson said it all quite some time ago:

"If the American people ever allow private banks to control the issuance of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the people of all their property until their children will wake up homeless on the continent their fathers conquered."

Anyone who thinks that a private central bank like the Federal Reserve can or will fix the problem it was designed to created is either a liar or an idiot.




re: Federal Reserve and Central Banks in general:
"The entire function of this machine is to convert debt into money. It's just that simple. First, the Fed takes all the government bonds which the public does not buy and writes a check to Congress in exchange for them. (It acquires other debt obligations as well, but government bonds comprise most of its inventory.) There is no money to back up this check. These fiat dollars are created on the spot for that purpose. By calling those bonds "reserves," the Fed then uses them as the base for creating 9 additional dollars for every dollar created for the bonds themselves. The money created for the bonds is spent by the government, whereas the money created on top of those bonds is the source of all the bank loans made to the nation's businesses and individuals. The result of this process is the same as creating money on a printing press, but the illusion is based on an accounting trick rather than a printing trick. The bottom line is that Congress and the banking cartel have entered into a partnership in which the cartel has the privilege of collecting interest on money which it creates out of nothing, a perpetual override on every American dollar that exists in the world. Congress, on the other hand, has access to unlimited funding without having to tell the voters their taxes are being raised through the process of inflation. If you understand this paragraph, you understand the Federal Reserve System."

Whats your Money? Do you really think you have Money? What a Joke...What a crude evil Joke




posted on Apr, 18 2009 @ 02:37 AM
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Lotsa good info and linkies on this page:
survivalacres.com...

The U.S. debt has become so gargantuanly huge that it’s absolutely, positively — going to sink the entire U.S. economy.

If ya like bad news that is......



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