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Originally posted by downtown436
reply to post by muzzleflash
The Fed and the IMF/World Bank are the same people. Sorry to be the one to break this to you.
End the Fed.
Originally posted by nunya13
We can deal with the world currency later. I have faith we'll fight that tooth and nail also.
Originally posted by Quest
Just because you WANT the good old days doesn't mean throwing out what we have now will bring them back. Toppling the Fed will wreck our strangle hold on global finance and supply chain.
We will not be fighting ppl with blue helmets, rather we will be fighting starvation if we do not immediantly comply to accepting a new form of currency.
“The Wall Street Crash of 1929 was the beginning of a world-wide credit deflation which lasted through 1932, and from which the Western democracies did not recover until they began to rearm for the Second World War. During this depression, the trust operators achieved further control by their backing of three international swindlers, The Van Sweringen brothers, Samuel Insull, and Ivar Kreuger. These men pyramided billions of dollars worth of securities to fantastic heights. The bankers who promoted them and floated their stock issue could have stopped them at any time, by calling loans of less than a million dollars, but they let these men go on until they had incorporated many industrial and financial properties into holding companies, which the banks then took over for nothing. Insull piled up public utility holdings throughout the Middle West, which the banks got for a fraction of their worth.” Page 147-8
What then, had caused the crash?
It was pointed out that there was no exhaustion of credit, as in 1893, nor any currency famine, as in the Panic of 1907, when clearing-house certificates were resorted to, nor a collapse of commodity prices, as in 1920. What then, had caused the crash? The people had purchased stocks at high prices and expected the prices to continue to rise. The prices had to come down, and they did. It was obvious to the economists and bankers gathered over their brandy and cigars at the Hotel Astor that the people were at fault. Certainly the people had made a mistake in buying over-priced securities, but they had been talked into it by every leading citizen from the President of the United States on down. Every magazine of national circulation, every big newspaper, and every prominent banker, economist, and politician, had joined in the big confidence game of urging people to buy those over-priced securities. When the Federal Reserve Bank of New York raised its rate to six percent, in August 1929, people began to get out of the market, and it turned into a panic which drove the prices of securities down far below their natural levels. As in previous panics, this enabled both Wall Street and foreign operators in the know to pick up "blue-chip" and gilt-edged" securities for a fraction of their real value.
SECRETS OF THE FEDERAL RESERVE by Eustace Mullins member of the staff of the Library of Congress www.apfn.org...
The LBO as a takeover mechanism had been common for decades, but its sudden rise in the 1980’s was due to a number of converging regulatory and economic factors in the US. The government effectively relaxed policies on antitrust and securities laws that led to the approval of mergers that would previously have been challenged. The deregulation of many industries also provided opportunities for mergers and restructuring. Finally, the decade saw the development of high-yield debt or “junk bonds”, which provided LBO firms with the huge amounts of required capital. www.lbo-advisers.com...
According to John Munsell, Manager, Foundation for Accountability in Regulatory Enforcement (FARE), when USDA “officials initially described HACCP to the industry in the mid-90’s, the agency made the following enticing promises:
* “Under HACCP, the agency will implement a ‘Hands Off’ role in meat inspection.
* “Under HACCP, the agency will no longer police the industry, but the industry will police itself.
* “Under HACCP, the agency will disband its previous command and control authority.
* “Under HACCP, each plant will write its own HACCP Plan, and the agency cannot tell plants what must be in their HACCP Plans.”
The plant would be responsible for the implementation of the plan.
As a result, the inspector was no longer responsible for what was happening on the plant floor: that was left to company personnel. The new role of the inspector was to make sure that plant personnel were carrying out their duties in a manner consistent with the HACCP plan. In many cases this amounted to making sure that all of the paper work was in the proper order. www.agpolicy.org...
Originally posted by KSPigpen
I think I like the way you think.
Funny....this was the same thing I thought as I read the OP.
Like a jackass we are being led to wherever, whether we like it or not.
Now is there some way we can hurry it along as I don"t want to pay into
this crap any longer.
I also think that a global currency may not be as bad as you think it will. If a global currency brings the people of the world and from different countries closer together and brings the world closer to being a One People, One Planet then lets get it going.