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King James Bible
Exodus 25:20 And the cherubim shall stretch forth their wings on high, covering the mercy seat with their wings, and their faces shall look one to another; toward the mercy seat shall the faces of the cherubim be.
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New American Standard Bible
Matthew 7:19 Every tree that does not bear good fruit is cut down and thrown into the fire.
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Originally posted by SkipShipman
While nationalizing the Federal Reserve, we may find it useful to make sure the Federal Reserve is not privatizing the USA?
Originally posted by kidflash2008
reply to post by In nothing we trust
JFK abolished the silver certificates and ordered the one and two dollar bill be backed by gold. The Hunt family was cornering the silver market, and they were making millions on that. The act actually stabilized the currency, but created another enemy for JFK.
I say, dump the Federal Reserve and bring back the gold standard.
Today, Herbert Hunt works as a consultant for his family company, Petro-Hunt, but he lives quite modestly. Bunker Hunt travels the globe seeking international oil concessions, but other than re-entering the Thoroughbred business (he had sold off his racehorses after he and Herbert lost billions in a failed 1980 attempt to corner the world silver market), he has no expensive habits.
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In 1970 Nelson Bunker Hunt decided to invest in silver to hedge against inflation, which was clearly rearing its head.
Other syndicates with big money behind them started buying silver, as momentum took on a life of its own. The COMEX and the CBOT started to panic; in late 1979 the warehouses of the two exchanges only held 120 million oz of silver.
By then, the Hunt brothers held 40 million oz of physical silver in Switzerland and 90 million oz of bullion they jointly owned through International Metals. International Metals had contracts on another 90 million oz due for delivery that March from the COMEX. The Hunts were looking ready to suck all the available deliverable silver out of the US exchanges.
Then the exchanges started to modify the rules of the game. CBOT changed the rules and stated that no investor could hold over 3 million oz of silver contracts and the margin requirement were raised; those holding above 3 million oz. had to liquidate the excess. The market interpreted this move as a sign that a silver shortage was imminent, and pushed up prices to an astronomical $34 by end-1979.
Then in January 1980 the other exchange, the COMEX, changed their rules to only allow 10 million oz. of contracts per trader; excess to be liquidated.
The Federal Reserve supported the rules modification of the two exchanges.
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Once the silver market was cornered, outsiders joined the chase but a combination of changed trading rules on the New York Metals Market (COMEX) and the intervention of the Federal Reserve put an end to the game.
The price began to slide, culminating in a 50% one-day decline on March 27, 1980 as the price plummeted from $21.62 to $10.80.
The collapse of the silver market meant countless losses for speculators. The Hunt brothers declared bankruptcy.
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The verb annuit can be either present tense or perfect tense, therefore an accurate translation of the motto is: "Providence favors our undertakings" or "Providence has favored our undertakings." (The word "our" is supplied.)
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The word seclorum does not mean "secular", as one might assume, but is the genitive (possessive) plural form of the word saeculum, meaning (in this context) generation, century, or age. Saeculum did come to mean "age, world" in late, Christian Latin, and "secular" is derived from it, through secularis. However, the adjective "secularis," meaning "worldly," is not equivalent to the nominative plural possessive "seclorum," meaning "of the ages."[1]
Thus the motto Novus ordo seclorum can be translated as "A new order of the ages." It was proposed by Charles Thomson, the Latin expert who was involved in the design of the Great Seal of the United States, to signify "the beginning of the new American Era" as of the date of the Declaration of Independence.
www.greatseal.com...
E Pluribus Unum describes an action: Many uniting into one. An accurate translation of the motto is "Out of many, one" – a phrase that elegantly captures the symbolism on the shield.