I see an economic diasater coming...

[triffid]

ABRAHAM LINCOLN AND THE CIVIL WAR (1861 - 1865) *


*
With the Central Bank killed off, fractional reserve banking moved like
a virus through numerous state chartered banks instead causing the
instability this form of economics thrives on. When people lose their
homes someone else wins them for a fraction of their worth. Depression
is good news to the lender; but war causes even more debt and dependency
than anything else, so if the money changers couldn't have their Central
Bank with a license to print money, a war it would have to be. We can
see from this quote of the then chancellor of Germany that slavery was
not the only cause for the American Civil War. "The division of the
United States into federations of equal force was decided long before
the Civil War by the high financial powers of Europe. These bankers were
afraid that the US, if they remained as one block, and as one nation,
would attain economic and financial independence, which would upset
their financial domination over the world."*


*
Otto von Bismark chancellor of Germany 1876 On the 12th of April 1861
this economic war began. Predictably Lincoln, needing money to finance
his war effort, went with his secretary of the treasury to New York to
apply for the necessary loans. The money changers wishing the Union to
fail offered loans at 24% to 36%. Lincoln declined the offer. An old
friend of Lincoln's, Colonel Dick Taylor of Chicago was put in charge of
solving the problem of how to finance the war. His solution is recorded
as this. "Just get Congress to pass a bill authorising the printing of
full legal tender treasury notes... and pay your soldiers with them and
go ahead and win your war with them also."*


*
Colonel Dick Taylor When Lincoln asked if the people of America would
accept the notes Taylor said. "The people or anyone else will not have
any choice in the matter, if you make them full legal tender. They will
have the full sanction of the government and be just as good as any
money; as Congress is given that express right by the Constitution."*


*
Colonel Dick Taylor ^1 Lincoln agreed to try this solution and printed
450 million dollars worth of the new bills using green ink on the back
to distinguish them from other notes. "The government should create,
issue and circulate all the currency and credit needed to satisfy the
spending power of the government and the buying power of consumers.....
The privilege of creating and issuing money is not only the supreme
prerogative of Government, but it is the Government's greatest creative
opportunity. By the adoption of these principles, the long-felt want for
a uniform medium will be satisfied. The taxpayers will be saved immense
sums of interest, discounts and exchanges. The financing of all public
enterprises, the maintenance of stable government and ordered progress,
and the conduct of the Treasury will become matters of practical
administration. The people can and will be furnished with a currency as
safe as their own government. Money will cease to be the master and
become the servant of humanity. Democracy will rise superior to the
money power." *


*

[triffid]

From part three of the history of money at http://www.xat.org


"Without being radical or overly bold, I will tell you that the Third World War has already started - a silent war, not for that reason any the less sinister. This war is tearing down Brazil, Latin America and practically all the Third World. Instead of soldiers dying there are children, instead of millions of wounded there are millions of unemployed; instead of destruction of bridges there is the tearing down of factories, schools, hospitals, and entire economies . . . It is a war by the United States against the Latin American continent and the Third World. It is a war over the foreign debt, one which has as its main weapon interest, a weapon more deadly than the atom bomb, more shattering than a laser beam . ."

If a group or organisation had used its hard earned money to help these developing nations, then we might sympathise that there should be a real effort to repay these loans. But the money used was created from fractional reserve banking. The money loaned to the Third World came from the 90% the banks allow themselves to loan on the 10% they actually held. It didn't exist, it was created from nothing, and now people are suffering and dying in an effort to pay it back.

This has gone beyond clever financing, it's whole sale murder and it's time we stopped it. We can!

[camelherder49]

The most sad part of seeing what is actually taking place around us
is that all of this history has been purposely withheld from everyone
for the purpose of continuation of "the system".
I would dare say that our so called politicians do not even truly understand,
both their, and our, situation.

[triffid]

Our leaders today are just as blind as the ones in the past according to the articles at www.xat.org mention.Hindsight is 20/20.Foresight is not 20/20 but if the system is not changed the outcome will be the same.More debt,more riches for a select few,hyperinflation for the masses.More unemployment for the masses.Ben Franklin saw 30% unemployment in his time once England took away the colonies power to print money.




Greece is now in a great depression(like the 1930's).  http://news.yahoo.com/greek-pm-sees-country-great-depression-123450025.html


22.6% unemployment in the first quarter for greece.

[triffid]

Another headline for today.   http://news.yahoo.com/us-poverty-track-rise-highest-since-1960s-112946547--finance.html


The analysts' estimates suggest that some 47 million people in the U.S., or 1 in 6, were poor last year. An increase of one-tenth of a percentage point to 15.2 percent would tie the 1983 rate, the highest since 1965. The highest level on record was 22.4 percent in 1959, when the government began calculating poverty figures.
Poverty is closely tied to joblessness. While the unemployment rate improved from 9.6 percent in 2010 to 8.9 percent in 2011, the employment-population ratio remained largely unchanged, meaning many discouraged workers simply stopped looking for work. Food stamp rolls, another indicator of poverty, also grew.
Demographers also say:
â€"Poverty will remain above the pre-recession level of 12.5 percent for many more years. Several predicted that peak poverty levels â€" 15 percent to 16 percent â€" will last at least until 2014, due to expiring unemployment benefits, a jobless rate persistently above 6 percent and weak wage growth.