Absolute power corrupts absolutely.
One world government is absolute power which corrupts absolutely.
Their "way", they want only one money with a huge "world" bank, one corrupt bank.
Beware ONE big "solution"... leading to a new world war...
Money comes from Moneta, ( other name of Juno ) from Monere, I warn, I advise, I remind...
Absolute Power may refer to:
Lord Acton's dictum, "Power tends to corrupt, and absolute power corrupts absolutely".
"Beware the leader who bangs the drums of war in order to whip the
citizenry into a patriotic fervor, for patriotism is indeed a double-edged
It both emboldens the blood, just it narrows the mind. And when the
drums of war have reached a fever pitch and the blood boils with hate and
the mind has closed, the leader will have no need in seizing the rights of
the citizenry. Rather, the citizenry, infused with fear and blinded by
partiotism, will offer up all of their rights unto the leader and gladly so.
How do I know? For this is what I have done. And I am Caesar."
"Power tends to corrupt, and absolute power corrupts absolutely".
Any repayment would depend on taxpayer-approved tax increases,,, not a good bet.
Since 78% of the economy depends on the consumer and the consumer has closed his wallet, there will be a lot of companies going under. Rockefeller [FED] is allowed to create money from thin air. He can loan this free money to any company in the hope that they default. He just has to make the FED money senior to any other debt and he gets the company for pennies.
All of this freshly created money is extremely inflationary. As the dollar becomes more worthless, this is effectively a wage cut for Americans. Rockefeller not only gets the company for pennies, the inflation that he created gets him a workforce that is earning global wages. Voila!! He wins on both sides because his new company is globally competitive.
A suspicious person would say that Rockefeller engineered the derivatives fiasco knowing that it would lock up the credit markets. The Rockefeller printing press would be the lender of last resort because he had the only printing press. He prints free money to buy everything in sight.
A few years ago, congress gave approval to the states to sell their public works, highways, water systems, etc Rockefeller might not want to loan to states but, I'm sure that he'd be willing to steal the infrastructure.
Ron Paul introduced a bill to abolish the FED. If people had a wider vision, they would see that it is necessary.
If Rockefeller is allowed to seize everything with freshly created money, he will need a police state to keep the freshly-impoverished under control. This would be the end of America as an ideal.
Actually Herman Daly is still alive and, last I heard, going strong.
HUGE WASHINGTON POST EXPOSE: NSA HAS GOTTEN SO BIG, AREA AROUND IT HAS 112 ACRES OF PARKING SPACESBy Raw Story
in San Francisco intercepting your phone calls anymore:
From the road, it's impossible to tell how large the NSA has become,
even though its buildings occupy 6.3 million square feet - about the
size of the Pentagon - and are surrounded by 112 acres of parking
spaces. As massive as that might seem, documents indicate that the NSA
is only going to get bigger: 10,000 more workers over the next 15 years;
$2 billion to pay for just the first phase of expansion; an overall
increase in size that will bring its building space throughout the Fort
Meade cluster to nearly 14 million square feet.
Story continues below...
More than 250 companies - 13 percent of all the firms in Top Secret
America - have a presence in the Fort Meade cluster. Some have multiple
offices, such as Northrop Grumman, which has 19, and SAIC, which has 11.
In all, there are 681 locations in the Fort Meade cluster where
businesses conduct top-secret work...
The existence of these clusters is so little known that most people
don't realize when they're nearing the epicenter of Fort Meade's, even
when the GPS on their car dashboard suddenly begins giving incorrect
directions, trapping the driver in a series of U-turns, because the
government is jamming all nearby signals...
Once this happens, it means that ground zero - the National Security
Agency - is close by. But it's not easy to tell where. Trees, walls and
a sloping landscape obscure the NSA's presence from most vantage points,
and concrete barriers, fortified guard posts and warning signs stop
those without authorization from entering the grounds of the largest
intelligence agency in the United States.
Drinking or over-extending your credit card limit is a no-no.
Inside the locations are employees who must submit to strict, intrusive
rules. They take lie-detector tests routinely, sign nondisclosure forms
and file lengthy reports whenever they travel overseas. They are coached
on how to deal with nosy neighbors and curious friends. Some are trained
to assume false identities.
If they drink too much, borrow too much money or socialize with citizens
from certain countries, they can lose their security clearances, and a
clearance is the passport to a job for life at the NSA and its sister
Training spies is a serious job, apparently:
That white van is followed by five others just like it. Inside each one,
two government agents in training at the secretive Joint
Counterintelligence Training Academy are trying not to get lost as they
careen around local roads practicing "discreet surveillance" - in this
case, following a teacher in the role of a spy. The real job of these
agents from the Army, U.S. Customs and other government agencies is to
identify foreign spies and terrorists targeting their organizations, to
locate the spies within and to gather evidence to take action against
Subject: Torturing and calling it training
Why would they give a contract for anything to this guy? Please consider calling your members of Congress and put a stop to this. There is something really wrong here and I'm not talking about the money...
"War on terror" psychologist gets giant no-bid contract
The Army earlier this year steered a $31 million contract to a
psychologist whose work formed the psychological
underpinnings of the Bush administration's torture program.
The Army awarded the "sole source" contract in February to the
University of Pennsylvania for resilience training, or teaching
soldiers to better cope with the psychological strain of multiple
combat tours. The university's Positive Psychology Center,
directed by famed psychologist Martin Seligman, is conducting
the resilience training.
Army resilience training is the pet project of Army Chief of Staff Gen. George Casey, previously the commander of U.S. forces in Iraq during the darkest days of the war there, from July 2004 through February 2007. Army sources say the director of the Army's resilience program, Brig. Gen. Rhonda Cornum, rammed the training contract through the Army bureaucracy on Casey's behalf.
Seligman is most famous for his work in the 1960s in which he was able to psychologically destroy caged dogs by subjecting them to repeated electric shocks with no hope of escape. The dogs broke down completely and ultimately
would not attempt to escape through an open cage door when given the opportunity to avoid more pain. Seligman called the phenomenon "learned helplessness."
New York Times
2 U.S. Architects of Harsh Tactics in 9/11’s Wake
LOOK AT THE PICTURE OF THIS GUY CALLED DR. JESSON
Doc who ‘inspired’ torture program gets $31 million Army contract http://www.rawstory.com/rs/
Warmth and best wishes to all of you,
Dear Anthony Migchels,
1. Some sort of world trading currency is in the offing to replace the American dollar, probably based on a revised price of gold (so that, at its institution, all government debts can be wiped out);
Besides the BRIC countries (Brazil, Russia, India, China -- and several other developing or trying-to-develop countries also), the Institute of International Finance (IIF), representing 420 of the world's largest banks, are now calling for a world currency. The managing director, Charles Dallara, wrote to the Financial Times on 4 October (a letter which I'd missed). This is to prevent the recent devaluation skirmishes between 24 countries expanding to others and becoming an outright war. (NM: attached below)
In addition, according to Ambrose Evans-Pritchard in yesterday's Sunday Telegraph, Premier Wen of China and President Sarkozy of France have been having secret talks about a replacement for the American dollar before it makes a hard landing and pulls most other countries down with it. (No doubt Germany has also been involved.)
2, An increasing de-coupling of trade between America and the rest of the world will be taking place from now onwards with the major Western banks increasingly servicing the latter, and America experiencing the same sort of downgrading that the UK did (and still does) during the decline of the British Empire.
China badly needs to revalue its currency, the renminbi (yuan), upwards to stave off a massive looming domestic inflation (which could leave it in a Japanese-style stupor) but not if in subservience to the dollar. Forty-three almost bankrupt countries were bullied into this at the Bretton Woods Conference in 1944 when it was obvious that America would be the only economically healthy survivor after World War 2. Of the only two countries which at that time still exchanged their currencies for gold (besides the America itself), Japan was bullied into subservience to the dollar at the 1985 Plaza 'Agreement'. and Switzerland was inveigled into it about ten years later.
When America was becoming so spendthrift as to be no longer able to carry out its obligations to exchange its dollars for gold, President Nixon cut the link in 1971, and from then onwards all currencies started to float against one another and the dollar itself (as though the dollar itself was not also devaluing against commodities). If there had been a standard against which national currencies could be referenced, this would have been fine. Their currency values would only then depend on the relative health of their economies. But there wasn't such a standard, and national currencies have see-sawed about increasingly ever since -- much at the mercy of currency speculators such as George Soros's Quantum Fund.
Almost any standard world currency would do, so long as it is itself reasonably stable in value (not easily able to be printed or conjured up out of thin air) and beyond being tampered with by any individual government. By a process of survival of the fittest over many millennia, bartered goods became portable, valued objects of convenience -- currencies. Whether they were pieces of silver (in ancient Mesopotamia) squares of sheepskin (in Mongolia), iron nails (around Adam Smith's town of Kirkcaldy in his day), wampum shells (Northern American tribes) or gold coins (ancient Greece, China, India, Islam up to 1914 in Europe) they would do. Meanwhile, by a continuation of survival of the fittest, gold and silver became the only currencies that became trans-cultural, whether of central banks or Indian villageers.
But at present we're still stuck at Alternative 2 above. Meanwhile, the price of gold is rising at a fast, but steady pace (and silver even faster). Relative scarcity are their chief virtue of being a suitable standard. What matters is that when their prices reach high enough levels (or are promoted there by international agreement) and can pay off existing national debts then we will continue to have chaos and confusion. Whether this takes place quickly or protractedly remains to be seen.
The moment of truth will probably come only when chaos will be at the edge of complete world-wide economic collapse (and maybe revolutions in some countries) and the developed countries openly admit that neither quantitative easing nor austerity can possibly redeem the huge debts they are now carrying and hoping that taxpayers will pay off.
The Institute of International Finance, a group that represents 420 of the world's largest banks and finance houses, has issued yet another call for a one-world global currency.
Read the latest now on RedAlert.WND.com (subscription only, but here's the text below)
Banking group calls for global currency
Seen as remedy to looming exchange wars
In advance of the International Monetary Fund and World Bank meeting in Washington last weekend, the Institute of International Finance, a group that represents 420 of the world's largest banks and finance houses, issued yet another call for a one-world global currency.
"A core group of the world's leading economies need to come together and hammer out an understanding," Charles Dallara, the Institute of International Finance's managing director, told the Financial Times in London.
An IIF policy letter authored by Dallara and dated Oct. 4 made clear that global currency coordination was needed in the group's view to prevent a looming currency war.
"The narrowly focused unilateral and bilateral policy actions seen in recent months – including many proposed and actual measures on trade, currency intervention and monetary policy – have contributed to worsening underlying macroeconomic imbalances," Dallara wrote. "They have also led to growing protectionist pressures as countries scramble for export markets as a source of growth."
Dallard encouraged a return to the G-20 commitment to utilize International Monetary Fund special drawing rights to create an international one-world currency alternative to the U.S. dollar as a new standard of foreign-exchange reserves.
U.N. calls for 1-world currency
A United Nations report released in July calls for the replacement of the dollar as the standard for holding foreign-exchange reserves in international trade with a new one-world currency issued by the International Monetary Fund.
The 176-page report titled "United Nations World Economic and Social Survey 2010," was issued at a high-level meeting of the U.N. Economic and Social Council and published in its entirety on the U.N. website.
"The risk of exchange-rate instability and a hard landing of the dollar could be reduced by having a global payments and reserve system which is less dependent on one single national currency," the report noted.
The solution the U.N. report recommended was expanding Special Drawing Rights, or SDRs, at the International Monetary System, with the goal of replacing the dollar as the accepted international standard for holding foreign-exchange reserves.
"A new global reserve system could be created, one that no longer relies on the United States dollar as the single major reserve currency," the U.N. report said.
By placing this statement in print, the United Nations has formally gotten behind a plan that was first advanced by Robert Mundell, the creator of the euro, and later funded through the G-20 by the Obama administration, even though the plan to advance IMF SDRs ultimately means the death of the dollar as the world's standard for international trade.
Let's quickly review the background and the history of the issue.
What are IMF Special Drawing Rights?
SDRs are international reserve assets that are calculated by the IMF in a basket of major currencies that are allocated to the IMF 185 member nation-states in relation to the capital, largely in gold or widely accepted foreign currencies that the IMF member nation-states have on deposit with the IMF.
As Red Alert previously reported, the proposal originally advanced by China and Russia would issue SDRs to central banks of IMF member states far in excess of any gold or currency reserves the member states have on deposit with the IMF.
The idea is to utilize the little-understood and largely-ignored SDRs in a new capacity, as a sort of an international overdraft facility made available to bankrupt of financially failing IMF member nation-states, originated with Ted Turner, formerly a senior official at both the Federal Reserve and the U.S. Treasury.
The IMF created SDRs in 1969 to support the Bretton Woods fixed exchange-rate system.
"The international supply of two key reserve assets – gold and the U.S. dollar – proved inadequate for supporting the expansion of world trade and financial development that was taking place," a document on the IMF website explains. "Therefore, the international community decided to create a new international reserve asset under the auspices of the IMF."
When the Bretton Woods fixed-rate system collapsed, major world currencies, including the dollar, shifted to a floating exchange-rate system where the price of the dollar and other major world currencies was created by trading on international currency exchanges.
Until the current global economic crisis, SDRs issued by the IMF have been used by IMF member nation states primarily as a reserve account to support international trade transactions, not as an alternative international currency available to settle international debt transactions in danger of default.
'Fathers of the 1-world currency'
WND has previously reported that strong support for the idea of a one-world currency has come from Canadian economist and Nobel Prize winner professor Robert Mundell, an influential proponent who is credited with having formulated the intellectual basis for creating the euro.
Mundell, currently an adviser to China, was the originator of the suggestion that the IMF should utilize SDRs to replace the dollar as a new world standard for holding foreign-exchange reserves in international trade transactions.
WND has also reported Benn Steil, a senior fellow and director of international economics at the Council of Foreign Relations, wrote in the May/June 2007 issue of the Council of Foreign Relations' Foreign Affairs magazine an article titled, "The End of National Currency," in which his major conclusion was that "countries should abandon monetary nationalism."
Steil tempered his embrace of one-world currency, writing, "Governments should replace national currencies with the dollar or the euro or, in the case of Asia, collaborate to produce a new multinational currency over a comparably large and economically diversified area."
G20 meeting in London supported IMF 1-world currency
Red Alert also reported that the G20 summit meeting in London in April took an important step to create a new one-world currency through the International Monetary Fund that is designed to replace the dollar as the world's foreign-exchange reserve currency of choice.
Appearing on Fox News' "The Sean Hannity Show," political consultant Dick Morris and Hannity agreed the decision by the G20 proved the "conspiracy theorists were right" and there is now clear evidence of a plan to create a one-world currency.
Point 19 of the final communiqué from the G20 summit in London on April 2, 2009, specified that, "We have agreed to support a general SDR which will inject $250 billion into the world economy and increase global liquidity," taking the first steps forward to implement China's proposal that Special Drawing Rights at the International Monetary Fund should be created as a foreign-exchange currency to replace the dollar.
"I think the dollar is now under question," billionaire investor George Soros told CNBC, commenting that the goal was to create an IMF rather than the dollar to use in international trade.
Red Alert has also reported that the United Nations has supported the IMF plan, to utilize SDRs as an alternative to the dollar to settle international trade transactions.
Red Alert believes we are witnessing the death of the dollar under the Obama administration.
dear Mrs. Kennedy,
I write you this time with a very different story.
In America a fierce debate is starting between the interest free money people and the Goldbugs. You can find the basics here: http://www.activistpost.com/
I have been anticipating this debate for years. It was bound to happen once the fractional reserve banking fraud was exposed.
In America there is an astute awareness of fractional reserve banking and the nefarious nature of the banking community. However: they are relatively blind to the effects of interest.
Interest is one of the few concepts which is better understood in Europe than in America and you are of course one of the reasons for that.
I had the privilege of producing this piece on Henry Makow's site: http://www.henrymakow.com/
Of course, you will find that all the data in the piece could not have been produced without your work. I therefore out of respect send you this for your information. I did mention you as THE source in the original contribution. But the editor left that bit away for reasons of conciseness. However, he does link to an interview with you in which you spell out the basics.
Just to let you know. Something very big is brewing. Your efforts have been indispensible in the debate that is now starting.
Arnhem, the Netherlands
2010/9/7 Prof. Dr. Margrit Kennedy <email@example.com>
Please mention as the source Bernard Lietaer and my presentation
Am 07.09.2010 um 11:13 schrieb Anthony Migchels:
Dear Mrs. Kennedy,My name is Anthony Migchels from the Gelre in the Netherlands and we have met in january last year in Amsterdam, where we both spoke at the Balie Conference on Alternative Monetary Systems.I have a request. In your (wonderful) essay on 'Why we need Monetary Innovation' there is a graph in 'result 3, monetary instability'.This graph is very illuminating and we intend to use it in a booklet about the Gelre.
Would you mind if we do so?Also: do you have a more recent graph? I heard one up to 2008 is available?Thank you very much,Anthony Migchels
"Power tends to corrupt, and absolute power corrupts absolutely".