
Our central government is addicted to credit, we need to withdrawl our money from treasury bonds.
Submitted by iehuvihs on Sat, 09/27/2008 - 20:12
American's should get the money before the foreigner's do.
Japan and China discuss selling Treasury bills.
http://byzantine-ruins.livejournal.com/1211938.html
Part of our problem started with FDR and the New Deal. In order for the New Deal to work two factors had to occur. First the U.S. government needed people to invest in treasury bonds, this is how they were able to acquire the people's gold, and second people had to accept the use of credit. This is all a pyramid scheme and weakens our nation and local governments.
It is logical that in order to bring down this house of cards we need to do two things, first convince people to sell their treasury bonds and second don't accept the use of credit.
We need to get power back to our local communities and in order to do this we have to take power away from the central government. The treasury will still retain the right to coin money to pay it's debt which is better because they will no longer need to borrow from the Federal Reserve via treasury bonds. It is naive to think that we can vote for and send representatives to Washington for them to resolve this without our actions.
Get your money out of the treasury and also out of the JPMorgans of this country and transfer it to your personal bank right in your own home. Be sure to exchange it for real American money, silver and gold. Use it to generate your local economy. Stock up on food and supplies. Consume less gasoline and find alternative ways of transport, walk, ride a bike, buy a horse, use the bus, carpool. This is a war we are in. Work with friends and family to protect your neighborhoods. Do this not out of fear, only a fool acts out of fear, but do this because a wise man prepares for hard times.
grant















Time to have our actions
The Treasury can order a stop payment on Treasury bills, study what has happened in other countries. Don't get stuck without money, real money backed by the Constitution, silver and gold. If you don't agree than at least buy food and supplies, these too can be traded. Buy local goods and services. Support your communities.
We are in a real war, this is not a video game.
grant
Time to have our actions
Time to have our actions correspond to our words. We are trying to limit the power of the central government, yet people invest in the central government by giving them their money. Don't do it, sell those Treasury bills and invest in real American freedom, buy silver and gold. Support your local farmers by buying their products, stock up on food and supplies. Invest in your neighborhoods and buy local products. We have to boycott the globalisation of this country by not buying foreign goods.
grant
Hit them where it hurts, sell your treasury bonds, use no credit
Keep calling and stall this bailout. No vote today, tomorrow is a holiday and Congress does not work, keep their hands out of our pockets.
grant
We can't give up
We can't give up
Is this bailout really to protect Americans?
All I hear is that this bailout will guarentee that we will have more money to borrow. Do they think we are idiots? We don't want to borrow any more money. This is more of the New Deal pyramid scheme. Can you really believe these people represent us, they are only out to protect themselves. They are the ones the get the interest from what we borrow. They are the ones that get the interest from tax payers paying from the loans made to it.
Sell you Treasury notes and get real money, silver and gold. Get stocked up on food and supplies. Buy local products and really help out the economy.
grant
stop 401k
"Lead, follow, or get out of the way."
-- Thomas Paine
A Republic, If You Can Keep It
I don't think it is
Many think it is necessary to overthrow the government by revolution, I don't, but we should certainly tame it's actions by taking power from it, and money is power. One way of doing so is to call in the debt of the government and force them to pay the debt instead of refinancing it. Sell your treasury bonds before the Japanese and Chinese do.
grant
There is not way we can have
There is not way we can have a R3volution without money and leverage. If we prop up the government with our money they have no reason to cut spending. It is like an alcoholic who borrows money for drinking. We have to cut them off.
grant
My 401k
Is 100% treasury money market fund, the only "safe" place for the funds at present (vs. the stock funds).
Company is downsizing before the end of the year, and thoughts of suddenly becoming unemployed are freightening, but the silver lining might be the opportunity to get out of all government debt and roll it all into a brokerage IRA that I can use to make sound investments in gold or silver concerns.
===============
I started a bank run!
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"The consolidation of the states into one vast republic, sure to be aggressive abroad and despotic at home, will be the certain precursor of the ruin which has overwhelmed all those that have preceded it."
- Robert E. Lee, 1866
I have joined you in this effort.
I made another deposit to my private bank this weekend and it felt really good. If there are any patriots out there holding government debt, you must sell it.
Freedom, Prosperity and Peace
Freedom, Prosperity and Peace
This is Ron Paul solution not mine.
They certainly won't be able to buy up everything, since as they spend their cash there is an increase of FRNs on our market, which causes job creation and inflation, making the dollars they have yet to spend less valuable. Hyperinflation will occur and the FRN may eventually become worthless, but coined money would replace the FRN and be there to replace it. We just have to allow coined silver and gold to flutuate against the FRN.
grant
Cut your credit, a great idea
T bills...as citizens, sure. But the problem there may be the trade deficit. Our trading partners are stuck with a lot of dollars in need of investment. Without T-bills what is there? Selling them T-bills has kept them from buying up all the assets in the country. Basically the financial system is based on the USA buying stuff and our trading partners getting IOUs, paid off by more IOUs, paid off by more IOUs.
If we stop borrowing we will have to start paying...with what? That's a good question, that no one has an answer for. These are truly unprecedented times. Yes, get lean.
http://1.bp.blogspot.com/_pMscxxELHEg/SMkvbr2fdYI/AAAAAAAADc...
What The New Deal Really Accomplished
To understand the issues we face we must look at history and events that drastically altered the manner and means in which our government operates and how those altered functions have directly affected the manner of relationship this government has with the People. Besides the drastic changes that took place in 1913 with the advent of the 16th and 17th Amendments to the Constitution and the Federal Reserve Act, the other massive mutation that was staged through the passage of those pieces of legislation in 1913, came during the Great Depression. The Great Depression was a direct result of monetary intervention by the Federal Reserve and government complicity. In fact, the new Chairman of the Fed: Ben Bernanke finally confessed that it was the policies of the Federal Reserve in the early Twenties that led to the Crash of 1929 and the Great Depression.
I completely realize that there are those among us that are apologist for issues like the New Deal, after all, we have all been taught through the years just how wondeful the New Deal was for the working man and women of this country, how it saved this nation, but once you read the facts it becomes difficult to defend the politics of such a drastic and damaging policy. By the way, I speak from experience for I was once an apologist myself, defending the actions of THE STATE as justified and in the best interest of the “people” but my ability to justify such interventions by THE STATE faded as I begin to see the injustice that prevailed throughout the system. Even so, I realize that there will be those who will continue to act as apologist, for those who are die-hard Statists, there is hope...I am proof!
Yes, the New Deal…what didn’t it do? FDR and many within his Administration thought highly of Mussolini and the Cooperative System under Italian Fascism. In fact, if you read the papers of both FDR and his advisors, like Rexford Tugwell, and you will find them advocating almost the exact same system as Mussolini, with fascism’s Public Works Projects, Corporatism, organization of trade and industrial groups under direct government supervision. There were those in his Administration who admired Stalin and the Stalinist model of State, thankfully few of those ideals influenced the direction FDR took this country, the Mussolini model was bad enough.
Similar to Mussolini’s tax program, the New Deal was financed by tripling various federal taxes and the creation of taxes on just about everything you can imagine, most of the consumer goods taxed during the New Deal were everyday consumer items used by the common working man. These excise taxes hit the poor and the working class harder than anyone else because it included taxation on all sorts of things that were mainly used and consumed by the working men and women of this country, things like cigarettes, matches, margarine, fruit juices, telephone calls, movie tickets, playing cards, dice, electricity, radios, soft drinks, cars, tires. The New Deal was a raw deal for those who had to finance it, mainly the ones it was suppose to help, in fact these taxes exceeded all personal income taxes and corporate taxes until the beginning of WWII and those taxes fell, according to the Treasury Department at the time, “disproportionately on the less affluent.”
While it is true that FDR started many relief programs under the National Industrial Recovery Act (1933), The Agricultural Adjustment Act (1933), National Labor Relations Act (1935), the statistics of the day indicate that those programs fostered a steady unemployment rate of 17%. In fact, these programs forced industries to cut back production and forced wages above what the market could bear and made it very difficult for employers to hire people, especially those who were unskilled. It was estimated that over a half a million African Americans lost their jobs because of the NIRA (1933). Tenant farmers were hit the hardest by the Agricultural Adjustment Act, forcing many off the land and the land owners to leave the fields bare and unproductive. The National Labor Act actually led to violence as workers went on strike as compulsory unionization created mass layoffs. All of these things actually precipitated a second financial crisis in 1938 that almost brought this nation to its knees again.
Of course, we rarely hear of the WPA strikes, we rarely hear about the fact that FDR vastly increased WPA jobs right before he won his second term only to lay off those same 400,000 workers immediately after the election.
If you look at how the New Deal was financed and who financed it you will soon learn that not only didn’t it do what most people think it did, but also it increased the suffering of far more than it helped. The “little man” had far less because of the heavy taxation pressed upon him by the New Deal, less to spend on food, essential items, clothes, shoes, fuel and other necessities of life. Also, something else is overlooked, because the vast majority of funds came from taxation, there was actually little economic stimulation from real business concerns that would have had an effect on the economy.
Also, a fact that few people ever consider when speaking about the New Deal, is that the majority of the funds were siphoned off of and away from of the poorest States, those found in the South, and was pumped into massive projects in the East and the West. It is a strange fact when you begin to look at the political implications of those actions by the Administration of FDR.
Oh, but what about the Tennessee Valley Authority (a government corporation), didn’t it bring electricity to the South? Sure it did and it did so at a very high cost to the people of the area, especially the thousands upon thousands of people expelled from their land, many of whom were very poor sharecroppers who didn’t own the land and received no compensation from the government for robbing them of their lives and livelihoods.
At the time that the people needed help the most with the cost of goods and services was the very time that they received it the least. They were forced to pay higher than normal prices especially after FDR implemented the Anti-Chain Store Act (1936) and the Retail Price Maintenance Act (1937); these essentially banned the discounting of all goods, especially household goods and food. We rarely hear that the Agricultural Adjustment Administration ordered farmers to destroy crops, kill livestock in order to increase prices, which in turn made if very difficult for the working man to put food on his family’s table.
Granted, the WPA and the CCC workers did some wonderful things, but the picture that is painted by those up hold the New Deal up as the salvation of this country during the Great Depression never, ever seem to want to reveal the entire story because it is not in their political interest to see such facts and face them while upholding their ideology.
We never hear that FDR feared a massive revolt among the American People or that he considered imposing a dictatorship similar to one of his favor fascist Mr. Mussolini. FDR hated independent organized labor and he looked the other way as “industrial big wigs” used strong-armed tactics, using armed strike-busters and even city police departments to break up many of the violent strikes between 1933 and 1937. Oh yeah, FDR was for the common man all right as long as the common man lined up with FDR’s programs.
The New Deal left out two main sectors of the population: blacks and women. Blacks in particular were excluded from labor laws, the GI Bill, Social Security, educational programs, home ownership programs and anything to do with small businesses. FDR exempted several groups of farm labor and domestic help from all labor protection, unemployment insurance and SSI. FDR also refused to pass or consider legislation that would have desegregated the Armed Force, anti-lynching laws, or abolishing the poll tax.
Read about the shameful Bracero Programs if you want to see the real deal about the New Deal. Basically, it allowed the legalized enslavement of guest workers by big farmers in the Southwest. Don’t forget the Japanese Americans either…nothing like Concentration Camp justice to show the real deal behind FDR.
The New Deal did little for over a hundred thousand homeless women and children who were forced to roam the city streets begging for food and it did nothing for almost 4 million unemployed women. If a woman was divorced, or single or widowed, they were hopelessly pushed aside in this marvel called the New Deal. It was not until almost a decade later that women actually was given some assistance under a limited program and then only a small percentage was allowed to work under the WPA leaving almost 3 million unemployed and another 2 million were only allowed part-time work that was barely enough to live on.
At the end of eight years, FDR was in a panic about still having over 8 Million men and several Million women unemployed, many homeless and that left only one thing to do: allow, prompt, or prod a crisis to infuse the economy with capital…what better way to do that then a war. Indeed, this technique by the warmongers has been used very successfully before and since, most recently was the use of the Iraq War to pump capital into the economy after 9/11.
Concerning SSI, the man who actually coined the term Social Security, Abraham Epstein, cried out against it and he was one of the strongest liberal reform proponents of the time. He said that the SSI bill would “transfers the entire burden…to the backs of the young workers and their employers… Since industry will make every effort to pass on its levy to the consumers, it means that the young employees—in their dual role of workers and consumers—will bear the major cost…No other nation has ever put into operation a plan of this nature without government contributions derived from the higher-income groups…in placing the entire burden of insecurity upon the workers and industry, to the exclusion of the well-to-do in the nation, the present social-security bill violates the most essential modern principles of social insurance.”
Today, the poor and the working class are still paying for the New Deal. Corporatism, that began in earnest during the New Deal, now reigns over a massive working class of producers. Workers who labor to receive dollars debased of value, poor who must submit to the authority of the government’s restrictions on the benefits they receive. Today we have a heavily planned economy, thanks primarily to the New Deal, that is now suffering under its own weight. The entire system is crumbling, inherently terminal and yet we continue to believe the promises of politicians who have not only benefited from the system, but have been induced into many of their political opinions solely based upon the monetary system that controls them. When we fail to understand, when we fail to pull back the curtain we can only continue to believe that the “little elite man” pulling the levers behind that curtain is the Great and Powerful OZ.
It is time for a REVOLUTION, one that will completely destroy the power of the elite to control the People, to manage their Liberty based upon their contingent compliance and subject them to a life of peonage through a fiat system that primarily rewards political and corporate power instead of the honest labor of the People.
In Liberty,
Republicae
Rags make Paper; Paper makes Money; Money makes Banks;Banks make Loans; Loans make Beggars; Beggars make Rags
http://www.1776solution.blogspot.com
"People fight the gold standard because they want to substitute national autarky for free trade, war for peace, totalitarian government omnipotence for liberty." von Mises
Interesting
I think that period's crisis (leaving aside its genesis) led to both the way left and the way right recognizing the potential power of the state and both trying to use (usurp?) that power for their own purposes. All over the world in different ways, and millions & millions died in the experimental stage. An era in mankind's history that is beyond interesting and still a source of vitally important arguments. The manipulation of the overweening state has continued to this day, overtly or even under cover of "free market" ideology and targeted "de-regulation".
I don't think the revolution is going to start in the midst of a financial meltdown...self inflicted and of unknown potential severity as this one is. But this moment needs to be remembered and really understood in depth (much quicker than that era) outside the circle of the financial elites. Hopefully, this moment will be a seed for the restoration of a participatory citizenry as the depression weakened it. Hope springs eternal.
No, it will begin as the
No, it will begin as the meltdown continues to press harder and harder upon the People. People are not naturally inclined toward revolution, they are pressed into it by circumstance and the circumstances are coming.
Rags make Paper; Paper makes Money; Money makes Banks;Banks make Loans; Loans make Beggars; Beggars make Rags
http://www.1776solution.blogspot.com
"People fight the gold standard because they want to substitute national autarky for free trade, war for peace, totalitarian government omnipotence for liberty." von Mises
Keep calling your reps.
There is an alternative for the central government to get out of debt, they just have to coin money. I would suggest they mint nominal copper coins of $1, $5, $10, $20, $50, $100, with the $100 coin weighing in at one ounce. They can also mint silver and gold coins, but leave these without nominal values in dollars and open for the market to decide the value.
grant
Better to sell before the Chinese start to..
On this world ther exists no such impossible tasks, they fear only those with perseverance.
absolutely 100% correct...
But that's all easier said than done. JPMorgan is so omnipresent it's damn near impossible to avoid/boycott them. I'll try not to sound too pessimistic though, b/c you are spot on.
-Phil Hemingway III
-Phil Hemingway III
Agree with you pdubya...
It seems foolish as free men to ask permission from a government for our freedom. Our actions demonstrate if we are free or not. We are doing no harm to others by taking care of ourselves, our families, our friends and and local communities. It was foolish and is foolish to believe that a central government can resolve and care for our needs.
grant
yes
i've written about this and its supporting agendas frequently.
The Cartel wants to "bail" us out and impoverish America and its sovereignty under the guise of changing the economy?
We can do that on our own, thank you very much.
Alternative energies - get many sources now.
Buy food, store it and water for the long haul.
Buy durable goods, preserve your purchase power. ie. tools, bulbs, batteries, etc
Shop locally. Make sure meats, dairy, and fruits/veggies are locally grown or the very least not a chain.
Join a co-op.
A rifle and lots of bullets. Hunt.
A few poles. Fish.
Have a garden and can it.
Pay off your debt.
Buy gold and silver and exchangible items that will cost alot in a depression.
Make a still.
Grow some.
Have a water purifier, generator, store diesel/gas, biofuel, gas masks.
Create your own underground economy.
Buy used forms of communication: ham radio, cb radio, landline telephones to neighbors (army surplus).
Deal with people that do all of this if your environment prohibits some of it.
Reuse everything you can. Stockpile glass, tin, metal, wood, etc. Hoarde.
If we all do some of these or all of these, the globalist elite in the U.S. will be at our mercy in very little time, respectively.
peace
Praying is good too.
Praying is good too.
Praying is infinitely better,
and also far more immediately practical than some of the scenario presented, with all due respect. The federal gov't was never intended to be so large...I could not agree more.
AMEN!
AMEN!
Trust in God, but tie your camel tight.
http://www.ohiofreedom.com
Strengthen our country and follow the Constitution.
We have to de-centralize and support our local communities.
grant