Text 22721, 99 rader
Skriven 2008-10-27 14:37:34 av Lee Lofaso (3:800/432.0)
  Kommentar till text 22649 av Joe Bruchis (1:3828/12.0)
Ärende: Joe the Economist
=========================
Hello Joe,

>RB>The interesting thing is that this is the situation at present.
>RB>Remember, the world went off the gold standard in the mid-1930s and
>RB>since then, there hasn't been any basis for the value of a currency
>RB>except what you state above.

>DC>But, there has been.  International monetary funds were/are based
>DC>on  the US dollar.  And, no, it was not set that way by US fiat.

JB>To all, not just Ceppa:

JB>The value of dollars is based on the value of debts that
JB>placed the money into circulation. Banks issue money to the
JB>public in exchange for a loan receivable (an asset) held by
JB>the bank. That would include the value of mortgages, loans,
JB>credit cards, etc. This is called fractional reserve
JB>banking. For every nine dollars circulated, there is
JB>supposed to be one dollar of debt (a loan receivable asset)
JB>issued by a bank.

Imagine what the world would be like if there were no debt.
Instead of a growing economy, we would all be living in caves.
Assuming a cave could be found.

JB>If fake loans, mortgages, credit card debts, etc. are
JB>packaged by banks and placed into the economy, in order to
JB>obtain false wealth in dollars, an implosion occurs and the
JB>current financial crisis results.

Not many folks can afford to pay cash for a new car.
Even fewer folks can afford to pay cash for a new house.
Instead, folks borrow funds in order to get the use of
what they want today.

JB>That's how we got in the fix we're in.

Keynesian economics is a *good* thing, not a bad thing.
It is Keynesian economics that has made the present world
possible.

JB>A small group of banks packaged a huge amount of fake debt
JB>and released it into the market to fraudulenty obtain assets
JB>and control of the economy. As a result, everyone is told
JB>there is a recession or depression and they are told the
JB>public must bail out the banks via paying higher taxes.
JB>However, as I stated, it is the small group of banks that
JB>are in control of the Government. The Federal Reserve is
JB>a main player in this crisis.

Well, at least you didn't blame it on Clinton.  ;)

JB>The planned end result of this crisis will be a one world
JB>currency issued by a one world bank. The one world bank
JB>will then control the destiny of each country. If the one
JB>world bank wants the US to become a 3rd world dictatorship,
JB>it will have the necessary control to do it.

And who will be in control of this "one world bank"?  Will
it be the Jews?  Will it be the Bildenbergers?  Will it be the
Illuminati?  Will it be the Masons?  Please tell.  :)

JB>So it is this small group of banks that have taken control
JB>of the Government the world currencies and world economy, not
JB>the Government that has bailed out the banks as they would have
JB>us believe. This is the main reason a crisis situation was staged
JB>and Congress was called to make a speedy decision to "bail-out"
JB>the banks without having time to give it the proper thought.
JB>Congress and the people were made to believe the Government
JB>was taking control, when in fact it was a few banks, held by
JB>the International Elite, taking control of the Government.

So it is a conspiracy.  A conspiracy of international bankers.
Probably Jews, but it could be Nazis.  They do exist, you know.

JB>A main player in expediting the "bail-out" was Obama. This
JB>is a major step toward the beginning of the New World Order,
JB>the purpose of which is to control the wealth of the world
JB>by only a few extremely wealthy elite.

Aha!  There it is!  The Blacks are taking over!  With Obama
as their King!  All hail King Obama!

JB>It's a conspiracy fact, not conspiracy theory.

Fait accompli!
Be sure to put on your mumu and sing praises to the King!

JB>It is succeeding.

Oh, what a wonderful world...

--Lee


 * SLMR 2.1a * Unable to locate Coffee -- Operator Halted!

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