Monetary Reform. Why We MUST Take Control Again.
“Let me issue and control a nation’s money and I care not who writes the laws.”
Mayer Amschel Rothschild (1744-1812), founder of the House of Rothschild.
8 Trillion, nine hundred and eighty six Billion, four hundred and two Million, 570 Thousand, 107 Dollars, and 59 Cents.
Debt of the United States government, owed to private bankers, as of 30th August 2007.
US National debt increases about 1.5 Billion per day click here for the latest figure.
THREE TRILLION more than the $5.95 Trillion owed in 2002 when the United States came within 6 days of defaulting.
“The few who understand the system will either be so interested in its profits or be so dependent upon its favours that there will be no opposition from that class, while on the other hand,…….
…..the great body of people, mentally incapable of comprehending the tremendous advantage that capital derives from the system, will bear its burdens without complaint, and perhaps without even suspecting that the system is inimical to [against] their interests.”
The Rothschild brothers of London writing to associates in New York, 1863
To repay NINE TRILLION dollars at $1,000,000 per day it will take 190,000 years.
During the 8 years of the Bush administration, the United States has borrowed more money (mostly from foreigners, many of them hostile nations: Iran, Russia, China, Venezuela, etc) than all the money borrowed by every US president combined from George Washington to Bill Clinton.
It took the United States 354 years to create the first Trillion Dollars. It has taken just 300 days to create the last trillion dollars. Lets put a Trillion (1 with 12 zeros trailing it) into perspective. To earn one trillion dollars you would need to make one dollar every second 24 hours per day, seven days per week, 356 days a year and it would take you 31,456 years.
It may come as surprise to many that the government has created less than 3% of all the money in the British economy. The remaining 97% is debt that carries an interest charge. Every single coin and bank note created carries an interest charge. This charge increases the sum of money the economy owes by an amount that is greater than the total of money that exists.
That is so important it deserves repeating:
This charge increases the sum of money the economy owes by an amount that is greater than the total of money that exists.
Standard and Poor’s the credit rating agency tracks corporate bond issues from around the world. For 20 consecutive months those issues designated “speculative” or Junk has grown. Junk bonds now account for almost half of all issues- 1,582 rated “investment grade” versus 1,571 issues receiving Junk Status.
Among the blue chips Included in this count are Ford Motor Company, which has total liabilities of $121 billion of bonds designated Junk. From which $57 Billion is due for repayment over the next five years.
Official US Government debt is $9 Trillion. Can this debt ever be re-paid? Of course, it can! By printing more money.
Further more as of April 2007 Euro-zone M3 money supply (the amount of new cash printed and pumped into the economy) is running at 10.3 %, its highest level since 1983. In the past six months, the E.C.B has also sold nearly 250 ton’s of gold into a rising market.
Essentially the Euro is the world’s first sovereign currency devoid of its own sovereign; it isn’t backed by a sovereign government or entity. Since the Euro launched citizens have lost 10% of their purchasing power.
The bottom line is that the E.C.B cannot print money fast enough.
In a paper published in 2004 by the British national statistics office it is possible to calculate that when Britain went off the gold standard in 1931 a 2004 British pound has 1.78% the purchasing power of that 1931 pound.
Where as from 1550 through 1931 the Pound Sterling depreciated by only 30%. During that 500 years most of the real depreciation can be explained by increased silver and gold production.
Even more overwhelming is the fact that in the decades prior to World War 1, the British pound sterling was equivalent to 1.5 Kg of sterling silver (90% pure). Today one-pound sterling is equivalent to about 5 grams of sterling silver.
After nearly two decades of actively trading rare coins and precious metals, never has there been a more urgent need to diversify your assets.
Buying gold and silver is a hedge against all that is wrong with our current system. It may not collapse, it may continue through our lifetimes, but without monetary reform, the inequalities of the world will only become greater.
Beginning in Mexico 1995, then the Asian currency contagion of 1997, the Russian default in 1998, Brazil in 1999, the tech bubble in 2000, the outright fraud of the Enron years, followed by the February dive in world Markets, and another 6 per cent drop in China on May 30th, we could be witnessing the tremors of a world monetary collapse. The after shocks may last decades.
On Monday October 19th 1987 investors across the globe awoke to find the stock market’s had dropped more than 20 per cent, equivalent to about $500 Billion. On February 27th 2007, investors awoke to find the market had dropped 8.9 per cent. Equivalent to $600 Billion, which barley raised an eye brow.
Is it mere coincidence that bankers and fund managers are spending ludicrous amounts of money on fine art and other proven stores of wealth? or do they know something that you do not?
And one last quote
Signature Rarities specialize in creating precious metal and numismatic portfolios completely independent of any government or private agency. By adding an allocation of rare coins and precious metals to your portfolio you can decrease risk and at the same time increase return.
For more information please feel free to email me. Send Mail
Sincerely,
Stuart Allen
Managing Director.
PS: The United States used the “trading with the enemy act” to confiscate their citizens gold. Possibly the greatest fraud ever committed.Read: The Golden Rule.
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