HARD TIMES, Part 11
"Hear the word of the LORD, you scornful men, who rule this people . . . Because you said, We have made a covenant with Death and with Hell are we in agreement, when the overflowing courage shall pass through, it shall not come near us because we have made lies our refuge, and under falsehood shall we hide. . . . Your covenant with Death shall be disannulled and your agreement with Hell shall not stand; when the overflowing scourge passes through, you will be trodden down by it." - Isaiah 28:14, 15, 18
In this series of articles, we have been discussing certain events of an economic nature, some of which have transpired already and some still future, that are designed to eliminate the ‘middle class’ in America through taxation, inflation and military conquest. In so doing, I hope to touch on the following issues and possible courses of action available to us.
INFLATION - THE COMING CURRENCY SHORTAGE - ELECTRONIC MONEY - NEW KINDS OF WEALTH - REASON FOR THE ASIAN BANKING CRISIS - THE REAL REASON FOR Y2K SCARE - CAPITAL FLIGHT & SEVERE PENALTIES
TAXATION - REASON FOR THE SAVINGS & LOAN SCANDAL - THE ILLEGAL SEIZURE OF ASSETS, HOMES, RIVERS & WILDERNESS AREAS - THE NEXT MASSIVE TAX LEVY - TAX HAVENS - OFF SHORE BANKING - TRUSTS - FOUNDATIONS - BEST PLACES TO HIDE ASSETS - FORMATION OF SMALL CLOSE KNIT COMMUNITIES - BARTER EXCHANGES - E-GOLD
INVASION OF PRIVACY - NATIONAL I. D. DRIVERS LICENSE - NEW DEFINITIONS OF ‘TERRORIST GROUPS’ - NATIONAL DATA BASE FOR ALL WORKING AMERICANS - NATIONAL DATA BASE FOR MEDICAL RECORDS - DANGEROUS NEW EXECUTIVE ORDERS - GUN CONFISCATION - COMING OF U. N. PEACE KEEPERS TO AMERICA - AND MUCH MORE.
President George Washington , 1785, in a letter written to the Reverend G. W. Snyder: "Reverend, Sir, it was not my intention to doubt that the doctrine of the Illuminati -- the principles of Jacobinism -- had not spread in the United States. On the contrary, no one is more satisfied of this fact than I am." Shortly before he died, President Washington was well aware that the Adam Weishaupt radical brand of Freemasonry, the Illuminati, had spread its poison to America.
In 1797, Professor John Robison warned Masonic leaders that the Illuminati had infiltrated their lodges. Reverend Jebediah Morse (father of Samuel Morse) preached in 1798: "The Order (of the Illuminati) has its branches established and its emissaries at work in America."Dr. David Pappen, President of Harvard University , on July 19, 1798, issued a warning o the graduating class and lectured them on the influence the Illuminati was having on American politics and religion.John Quincy Adams , in 1800, opposed Thomas Jefferson for the presidency and wrote three letters to Colonel William L. Stone, exposing how Jefferson was using Masonic Lodges for subversive Illuminati purposes. The information contained in those letters is credited with winning Adams the election. The letters have been held in the Rittenburg Square Library, in Philadelphia.Dr. Joseph Willard, President of Harvard University , said on July 4, 1812, to the graduating class: "There is sufficient evidence that a number of societies of the Illuminati have been established in this land. They are doubtless striving to secretly undermine all our ancient institutions, civil and sacred. These societies are clearly leagued with those of the same order in Europe ... We live in an alarming period. The Enemies of all order are seeking our ruin. Should infidelity generally prevail, our independence would fall, of course. Our republican government would be annihilated."
The Prime Minister of England, Sir Winston Churchill, said in 1920, three years after the Bolsheviks seized Russia: "From the days of Spartacus/Weishaupt to those of Karl Marx, to those of Trotsky ... this world-wide conspiracy ... has been steadily growing. This conspiracy played a definitely recognizable role in the tragedy of the French Revolution . It has been the mainspring of every subversive movement during the 19th century; and now, at last, this band of extraordinary personalities from the underworld of the great cities of Europe and America have gripped
the Russian people by the hair of their heads, and have become practically the undisputed masters of that enormous empire."
Famous historian, English author Nesta Webster, in her book, World Revolution, published in the 1920's, [p. 78], said: "Whilst these events (early stages of the French Revolution of 1789) were taking place in Europe, the New World (America) had been Illuminized. As early as 1786, a Lodge of the Order (Illuminati) had been started in Virginia, and this was followed by fourteen others in different cities."
The Report of the California Senate Investigating Committee on Education , stated in 1953: "So-called modern Communism is apparently the same hypocritical and deadly world conspiracy to destroy civilization that was founded by the Secret Order of the Illuminati in Bavaria on May 1, 1776, and that raised its hoary head in our colonies here at the critical period before the adoption of our Federal Constitution."
FOUR TOOLS OF CONQUEST AND DESTRUCTION
To overthrow a great nation like the United States, it would be necessary for the Illuminati to accomplish four things: 1) Take over every form of education in the country to make the people forget, their heritage and lose their moral strength. This must include the News Media and the Film Industry. 2) Control the Issue of Currency and banking in general, thereby bringing the country into Debt-bondage and 3) at the same time encourage ‘free trade’ to destroy the ‘middle class’. 4) Finally turn brave and wise men into sniveling cowards through oppressive taxation, thus destroying their familles.
Since we have already examined the role played in Education by the ‘revisionists’, let us pass on to the News Media. At this point, let’s take a look to see who among the media are CFR members. [This information is taken from the New American Magazine, "Current CFR Dominance Over Government, Foundations, Media, and Industry", July, 1997]
Turner Broadcasting System, Inc.
Thomas Johnson, Chairman (Referenced in Drudge Report as the person to whom
this remark about the "secret army" and the "secret police" was made.
Pamela Hill, Sr. Vice President
Geraldine Ferraro, Crossfire Host
Ellen Hume, Reliable Services Panelist
Jesse Jackson, Both Sides Moderator
William Schneider, Analyst
Frank Sesno, V.P. Washington Bureau Chief
Tom Brokaw, Anchor and Managing Editor
Irving R. Levine, Chief Economics Correspondent
Thomas Murphy, Chairman and CEO of Capital Cities/ABC, Inc.
Robert Baumen, Director of Capital Cities/ABC, Inc
Nicholas Brady, Director of Capital Cities/ABC, Inc
Roone Arledge, President, ABC TV
David Brinkley, This Week Host
Diane Sawyer, Anchor
Barbara Walters, Anchor and Co-Host of 20/20 News
Laurence Tisch, President and CEO
Dan Rather, Anchor
Henry Kissinger -- Board Member
Henry Schacht -- Board Member
Franklin Thomas -- Board Member
James Wolfenshohn -- Board Member
Joseph Felix Payronnin III -- Vice President
Barbara Cochran -- 48 Hours Executive Producer
Mary Sue Holland -- 48 Hours Associate Producer
Marquita Pool -- Sunday Morning Senior Producer
Edward R. Bradley -- Correspondent
As you can see, these news companies are thoroughly controlled by members of the CFR.
CONTROL THE ISSUE OF CURRENCY
From the earliest Colonial days, until 1917, when the Federal Reserve was set up, Americans have used a variety of items for ‘money’: Gold (Spanish) Doubloons and Silver Coins, Wampum, Copper Coins, Script, Colonial Bills of Credit, Continental Notes, Quartermaster’s Certificates, Register’s Certificates, Private Bank Notes, Tory Notes, Private Bills of Exchange and in later years of the Republic ‘Greenbacks’. Because these items were considered to have equal value to the objects of purchase, the American people prospered greatly.
Since the emergence of the Federal Reserve, every form of ‘money’ has been outlawed and only ‘currency’ issued by the Federal Reserve may be accepted as payment of debts, both public and private. Every ‘dollar’ which is placed into circulation must return to the Issuer with Interet attached, thus making it a Babylonian Debt Based money.
Debt-based currency originates in the following three steps;
The government borrows credit at interest from the central banks and converts credit into payments to employees, vendors and for services.Which become deposits into the commercial banking system and eventually cleared, (deducted) by the central bank from the government’s treasury account and SIMULTANEOUSLY classified as reserves in the commercial banking system.
Which then the commercial banking system fractionalizes,
(multiplies by lending at interest) into national economies.
The above steps produce monetary expansion.
The reverse produces monetary contraction;
Government borrows less credit from it’s host central bank and
consequently converts less credit as payment to employees,
vendors, suppliers and to lease arrangements.
Lesser amounts of payment produce lesser deposits to the com
mercial banking system and consequently shrink commercial
banking systems’ reserves.
Lesser reserves necessitate the calling of old loans and reduce the volume of new loans.
The combined effect, (and the host central bank possesses a variety of means to accomplish -- interest rate adjustments, the purchase of Treasury Bills, etc.) substantially reduces available credit and currency.
Declining consumer confidence, overstocked warehouses and rising costs do not CAUSE recessions but instead reflect the inevitable contraction of a privately owned debt-based national economy. The purposes of contractions are to transfer wealth from the many, (businesses, people, etc.) to a few, (the owners of the debt-based currency system) and to set the stage for future expansions.
WHO OWNS THE FEDERAL RESERVE?
The major share holders in the Federal Reserve Banks are: Rothschild families of London and Berlin; Israel Seiff of Italy; Kuhn-Loeb Company (Germany); War
burg families of Humburg, Amsterdam, Netherlands; Rockefellers of New York and Goldman-Sacks of New York. The Courts have verified this: "The Federal Reserve Banks are privately owned, locally controlled corporations" [Lewis vs. U.S., 680 F.2d 1239, 1241](1982)
In both cases, contraction and expansion, the value of currency declines exponentially.
America’s monetary expansion during the 1990’s hid much of this decline because of the seemingly easy availability of credit and what seemed like explosive stock market gains.
Now, however, as the costs of credit to produce the expansion, (which must be added to the goods and services and produce unrelenting price increases) and the reality of the accessible, in-your-pocket gains, (not 20%-30% but 5%-8%) manifest, the decline in value becomes more apparent.
And so commercial activity exists within privately owned debt-based currency system’s needs to expand and to contract national economies. This gives rise to a whole host of new ‘occupations’, brokers, traders, various forms of capital formation companies, including mutual and hedge funds, merger and acquisition specialists, bankruptcy specialists, buyout firms, venture capital and investment houses that institutionalize the whole Babylonian banking system.
THE VALUE OF DEBT-BASED CURRENCY DECLINES EXPONENTIALLY
Investors never realize that the stock market or other forms of exchange-related gains cannot possibly provide sufficient revenue to offset the decline in value of time sensitive debt-based currency. Additionally, markets must periodically contract to fulfill the mandates of privately owned debt-based currency systems. What form of stock or exchange related gain can match the power of a compound interest-based privately owned wealth extraction system?
ARTICLE Denver Post
Jack Cox…Perhaps the most overlooked scenario is the near-certainty that many boomers will have to work much longer than they now anticipate—even considering that they won’t be eligible for full Social Security benefits until they turn 66, (or until 67, for those born in 1960 or later).
6.As Dychtwald explains it, about one-third of the boomers -- roughly 25 million, most of them women and minorities -- have virtually nothing in savings.
"Due to credit cards, they’re living today with some flair," he said…"That’s OK if you’re working and paying off your bills a little a month. But if you’re thinking of retiring, you’re left high and dry. When they reach their 60’s, these people are going to have to work 5 or 10 or 20 years longer than normal. And to the extent that they’re invested in IRA’s any downward movement in the stock market will be devastating."
Let’s look at some highlights that illustrate how privately owned debt-based currency precipitates the decline in value of the America dollar. The figures below are based on government's public records and must be viewed as conservative;
THE VALUE OF FEDERAL RESERVE NOTES AFTER 80 YEARS, FROM 1913 TO 1993
ITEMS 1913 1993 Increase/Decrease
The Federal Debt $1.2 Billion $4,400 Billion 3,666 times
Personal Income Tax $0.13 Billion $510 Billion 17,000 times
Value of the Dollar $1.00 $0.05 1/20th
FREE TRADE & STOCK SPECULATION
The thought behind free trade was simple: even if the United States poured massive amounts of money into Europe and Japan to rebuild plants and equipment, as it was beginning to do with the Marshall Plan, the goods produced by these plants could not be sold. There was no market for them; no one in Europe and Japan had the money to buy what was produced. A market, therefore, for the goods and services produced had to be found: and that market was the United States. Lester Thurrow, Professor of Economics, Dean of MIT's Sloan School of Management, and a member of the editorial board of the New York Times, elaborates:
"...the GATT-Bretton Woods system ... was designed to help ... the industrial world rebuild from the destruction of World War II ... If countries could be made rich, they would be democratic. If their richness depended upon selling in the American market, they would be forced to be allies of the United States."
Former Senate Finance Committee Chairman Russell Long (D-La.) was
one of the first to perceive that the executive branch's enthusiasm for "free trade" to assist overseas allies clashed with this nation's long-term interest in maintaining high-paying, industrial jobs and a viable manufacturing base at home. For nearly twenty years, until his retirement from Congress in 1987, Senator Long regularly criticized the State Department for using trade concessions as bargaining chips in foreign policy negotiations or to buy votes in the United Nations. Senator Long over and over again charged that "... to save the world from communism the State Department believed it would be worthwhile giving away every industry we have."
DOES THE U.S. NEED FOREIGN TRADE?
Do we really need so much foreign trade? For example, the U.S. requirement for imported raw materials is almost negligible: U.S. import requirements for coal/lignite (0.4%), nonmetallic ores (4.5%), iron concentrates (3.4%), farm products (1.3%), chemicals (5.5%), food (2.8%), lumber (1.0%), primary metals (4.2%), scrap metal (0.1%), all others (12.9%) are very limited, especially in comparison to the needs of countries like Japan and Germany. Only in oil, where the United States imports almost 44.6% of its requirements, is the United States truly dependent on the outside world;
The problem, however, is - as Bruscal says - the United States is "leaking income overseas like the victim in a cheap horror movie." In other words,
in order to try to save themselves, the nations of the world, and particularly the nations of Asia and Latin America, are exporting to the United States on what amounts to an unheard of scale in order to earn revenues. That is to say, as the markets (i.e., the middle classes) in Indonesia, the Philippines, Korea, Japan, Brazil, Mexico, Argentina, etc. have collapsed, the indigenous companies based there (as well as even some of the multinationals) have re-doubled their efforts to make up for the resulting shortfall by selling into the American market.
This effort is made all the easier by currency devaluations which makes it possible for most of these countries to "discount" their products here in the United States at unbelievable rates.
The decline of the stock market, in recent days, has not been adequately addressed, and all that's occurred is a "hollow" fix" which will hold only until the next crisis occurs - until the next emergency in the "Derivatives Market," the next Indonesia, the next series of layoffs, etc.
Of course, the answer again will be for - as Diane C. Swonk, Deputy
Chief economist at Bank One in Chicago, says - that the Fed to "keep the liquidity spout open ..." - i.e., to keep discounting the "federal funds rate." In other words, to deal with each succeeding crisis by pumping more "quasi-public" funds into the market to make up for the shortfall of "private money" and to induce that money back into the market.
HEDGE FUNDS AND DERIVATIVES
Derivatives are "investment instruments" whose value is linked to or "derived" from some other security. While derivatives are a very high-venture form of market speculation, they, nonetheless, have become one of the largest markets in the world. The size of the derivatives market was estimated at $55 trillion in 1996. More often than not, derivatives are linked to very complicated speculation in the currency markets. For example, one PEARL derivative (a derivative marketed by Morgan Stanley) is linked to its principal multiplied by the change in the U.S. dollar over a particular period of time, plus twice the change in the value of the British pound, minus twice the change in the value of the Swiss Franc.
Every major mutual fund in the country is in the derivatives market. Not only that, but most major corporations are into it up to their necks. The sad fact of the matter is, no matter how conservatively people attempt to "buy into" today's stock market by "buying into" "blue chip" companies like Mobil, Ford, GM, Procter and Gamble, Colgate-
Palmolive, DuPont, etc., most are also unwittingly buying into the derivatives market as well. Why? - because most of these companies are heavily "invested" in the derivatives market. Unfortunately, the battlefield of the derivatives market is littered with victims: Orange County, Barings Bank, Daiwa Bank, and the Sumitomo Corporation, to name but a few.
THE SHADY SIDE TO DERIVATIVES: WALL STREET BILKS MAIN STREET
There is something more about derivatives that the "investment community" would just as soon ordinary people not know: to a large extent, they were originally designed to hide bad debt - principally bad "Third
World" debt which the "big banks" had incurred in Latin America. Derivatives were instruments used by holders of bad "Third World" debt to transfer that debt from Wall Street (and the Third World) to Main Street, USA.
CAMOUFLAGING BAD DEBT AS GOOD DEBT
This is what a good deal of the so-called derivatives market is all about; this is what "hedge funds" - at least in part - are all about! Camouflaging bad debt (usually foreign debt) as good debt and marketing it in the United States under a less than honest Standard and Poor rating. It's not just a matter of betting on currency fluctuations, but more often than not it involves - in addition to betting on currency and stock fluctuations, adding into the derivative mix bad debt in the hope that the currency and / or stock bet will cover the risk of the underlying bad debt - which, when everything is good, more often than not, does. But when things go bad with derivatives, they really go bad.
IS DEPRESSION AROUND THE CORNER??
And who's been buying all this "junk?" - U.S. mutual funds, U.S. pension funds, etc. - in other words, "Main Street." And who - in the end - is going to have to pay for it all - "Main Street USA" - in other words, you! And the reckoning isn't that far off! The world is in for a financial meltdown.
Economist Robert J. Samuelson warns: "We should not fool ourselves that the recent sell-offs in world stock markets simply reflect a nervous reaction to Russia's turmoil or a long-overdue 'correction'. They signify instead a gathering fear that the global economy is drifting toward a dangerous slump (maybe even a world-wide depression), driven by forces that world leaders only vaguely understand and seem powerless to affect."
Looks like we will have to take up the real implications of taxation and ways to escape many taxes, in our next issue. God bless for now.
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