Out of Ideas, Governments Try a Bank Heist
On Christmas Eve 1968 three Americans became the first humans to visit another world. What they did to celebrate was unexpected and profound, and will be remembered throughout all human history. Genesis: the Story of Apollo 8, Robert Zimmerman's classic history of humanity's first journey to another world, tells that story, and it is now available as both an ebook and an audiobook, both with a foreword by Valerie Anders and a new introduction by Robert Zimmerman.
The ebook is available everywhere for $5.99 (before discount) at amazon, or direct from my ebook publisher, ebookit. If you buy it from ebookit you don't support the big tech companies and the author gets a bigger cut much sooner.
The audiobook is also available at all these vendors, and is also free with a 30-day trial membership to Audible.
"Not simply about one mission, [Genesis] is also the history of America's quest for the moon... Zimmerman has done a masterful job of tying disparate events together into a solid account of one of America's greatest human triumphs."--San Antonio Express-News
On Christmas Eve 1968 three Americans became the first humans to visit another world. What they did to celebrate was unexpected and profound, and will be remembered throughout all human history. Genesis: the Story of Apollo 8, Robert Zimmerman's classic history of humanity's first journey to another world, tells that story, and it is now available as both an ebook and an audiobook, both with a foreword by Valerie Anders and a new introduction by Robert Zimmerman.
The ebook is available everywhere for $5.99 (before discount) at amazon, or direct from my ebook publisher, ebookit. If you buy it from ebookit you don't support the big tech companies and the author gets a bigger cut much sooner.
The audiobook is also available at all these vendors, and is also free with a 30-day trial membership to Audible.
"Not simply about one mission, [Genesis] is also the history of America's quest for the moon... Zimmerman has done a masterful job of tying disparate events together into a solid account of one of America's greatest human triumphs."--San Antonio Express-News
If this is allowed to go through, and I do not think it will, then it would set the stage for a general world wide feeling in the world that THIS COULD HAPPEN TO ME! The world economy is a fiat money based economy and to allow a feeling of no confidence to become a reality would not be productive at the minimum and catastrophic at the max.
Keep in mind we are talking about 10 to 13 Billion dollars, lunch money in comparison.
IMO they would be better off doing an Iceland and find a creative way to tough it out and rebuilding from scratch. I know thats easier said than done but its another way, maybe the only other way.
The politicians are playing with fire, perhaps this is why they are buying so much ammo!
What truly scares me is the Obama administration’s reaction to this naked illegal taking. In answering a White House press conference question, Jay Carney basically punted and offered that any further questions on this matter be addressed to the Treasuty Dept. In other words, no direct refutation of this unprecedented seizure of personal property by Obama.
Fiat money, otherwise known as US dollars, are simply Federal Bank reserve notes, not backed up by gold, but by the full faith and credit of the US government. Remember, the full faith and credit of the US gevernment is a nice turn of words meaning the US taxpayer. Therefore, dollars are just financial instrumentalities called notes that can be recalled and “backed-up” by the seizure of electronic dollar deposits of US taxpayer/citizens.
Wow!!!
Addendum:
Another way to think of this: Since “quantitative easing” is simply printing money whick increases the money supply (M3) to stimulate the economy thereby causing inflatinalry pressure which thenlowers the dollar’s value…this proposed stunt of seazing electronically deposited federal reserve notes from US citizens’ back accounts amounts to the reverse operation. Let’s call it “quantitative tightening”, whereby the amount of federal reserve notes (dollars) and the money supply are reduced by just taking peoples dollars out of the economy, eh, I mean from their personal bank accounts.
Now, that’s fair and balanced…itsn’t it?!
The situation that America finds itself in at this time in history is unique, the key being that we are the reserve currency of the world and that, as far as I can see, that will not be changing any time soon. That being said and since the FED controls the interest rates at which the government has to pay on its debt the FED can increase or decrease the supply of money as it pleases without adverse consequences. If interest rates were based on market forces then that would be a whole different story, but its not.
In addition when the FED increases the interest rate that is how they will reabsorb the “extra” supply of dollars not by confiscating peoples money held in bank accounts, if and when they do that that is when it all falls apart. But again while America is the only economy that is the reserve currency of the world this will not happen. This is the ultimate weapon and this situation has never existed on this planet before.
You ask yourself how does this happen and where does it come from? When you follow the string it leads directly to the existence of the Constitution. You can decide whether that is good or bad.
I have no doubt Obama & Leftst Dems (is there any other kind, really??) would doubtless do this here if they thought they could get away with it. If by some misfortune the House flips & goes Dem in 2014 & the Senate stays in Democrat hands, there’s no doubt in my mind that if both (Dem-controlled) Houses passed such a bill, Obama would sign it. And this “crisis” in Cyprus is all because (predictably) their gov’t ran out of money because of their foolish Socialist policies. Once again, this proves Margaret Thatcher’s famous maxim: “The problem with Socialism is, sooner or later you run out of other people’s money” – no one said it better…
I disagree with you on this, Obama and his fellow socialists / Marxists know that it would be the end if they were to apply such decisions and the FED would not comply. This has to be seen in a different way where the economic rules that apply to you and I only apply to you and I and not the FEd or the government.
There will be a time in the future when accounts will have to be balanced as they always must be and so they will be. I again point out that Americas enjoys a special place at this moment in time on this planet.
PS: Cypruss has voted to not go ahead with the confiscation of funds, this will not happen IMO.
On the other hand, conspiratorially speaking, If a crash is what the FED desires then they would participate. At that point that is where a new reserve currency would have to be created.
But backed up by who? Confidence in who? Adjudicated and administered by who? Backed up by who’s legal / contract system ?
These questions must be answered first before we go over that conspiracy cliff.
Well, as far as the dollar being the world’s reserve currency, that will only remain so as long as people have faith in it – if we continue to devalue it by printing worthless dollars, it will lose its standing. Already, China & Russia are planning to bypass US dollars & trade oil directly without conversion into dollars – that’s unsettling. If the dollar is no longer the world’s reserve currency, its value will decline even further…
Both China and Russia are missing one vital element, confidence, no one will ever (?) have confidence in them because they are communistic thugocracies. As long as this American confidence model remains America can inflate and deflate as is needed. And yes, if that paradigm were to change it would all let loose, but it can not happen at this point in time, the people of the world have to do business and the dollar is it as far as I can see.
You have to think a bit differently about what is going on, its very unique in history, IMO.