On accounts both surveillance and labor.
In 1973, then-U.S. President Richard Nixon said citizens would be
okay with the National Security Agency (NSA) doing CIA work, spying on
American telecom “to control [the freedom of assembly and speech of] people protesting the Vietnam War.”
There’ve been upgrades post 1984, but post telephony, Internet
surveillance was “legalized” three years after broad adoption by 1999.
Now they database you, sort you, and geo-locate you. By “you,” we mean all global Internet and telecom communications passing through U.S. fiber. Okay, moving on to labor.
Imagine an honest, centralist U.S. Treasury Secretary:
We remain hopeful the Federal Reserve Bank’s note-cum-currency gains broader global adoption, so that as we tax via printing, the base is as broad as possible. Bread in Egypt and pork in China should draw from the pockets of their poor, too, accumulating here. The oil providers, taking only gold, forced acceptance of agreements to encumber unmined supply, as we front gold to fund oil purchases. The gold price will eventually have to rise to compensate for mining costs and exploration, should we need or want more gold [fast forward to central bank gold sales, the year 2000, beginning of the managed rise in the paper gold price].
---
Without the freedom to choose your money, securing your labor against taxation without representation, you are a slave—and, like a slave, you indirectly pay to be watched. We reported on the Free Competition in Currency Act in late 2012.
A federal budget within tax revenue would do much for minority rights—the smallest minority is an individual. All liberty is personal, as taught U.S. President Calvin Coolidge.
Really, the $17 trillion in federal debt is mere computer entries the Federal Reserve Bank makes when it lends its dollar notes. To lend a buck (Federal Reserve banknote), bankers first strike an agreement for payments equaling the amount, plus interest (so as to incrementally gather wealth). When the supports break under the Federal Reserve banknote, not only will it dawn on all that $17 trillion could have never been paid out of our children’s future labor, but the +$220 trillion of promises made could have never been borne by others in the fullness of time. If the entries are simply deleted, the income underpinning their monopoly fizzles.
Global money monopoly means king of the world, literally, for the few, and modern slavery for the many.
Founding father Thomas Paine started the original abolitionist club in Philadelphia, over a hundred years senior to Herbert Spencer’s 1884 writings: “All socialism involves slavery… That which fundamentally distinguishes the slave is that he labors under coercion to satisfy another's desires.”
Of course for capitalism to function, it requires bankruptcy. See How to End the Fed, and How Not To.
Now they database you, sort you, and geo-locate you. By “you,” we mean all global Internet and telecom communications passing through U.S. fiber. Okay, moving on to labor.
Imagine an honest, centralist U.S. Treasury Secretary:
1976
Dollar in freefall after temporarily suspending Treasury gold redeemability in exchange for the Federal Reserve Bank’s note, heating homes using ’em is gonna get pricey, as will costs to commerce and industry.1980
Federal Reserve Bank is about to lose the dollar, now valued in gold at 1/850th a troy ounce, as BIS’ Zijlstra measures it. The world is simply not buying the idea that notes issued by the Federal Reserve Bank will be worth much, as U.S. taxpayers suffer redistribution of assets post-printing; with price untethered from value, allocation decisions and efficiency suffer.1981
I knew if we got the right team in there, market participants could be “wrassled” into giving the Federal Reserve Bank’s note (their liability) a chance. Fixing Federal Reserve Bank rates at 20%, along with it becoming readily apparent that government would allow the monopoly to continue did it. Assets are loans, and with interest rates where they are, it’s a good thing debt is still low. Future bank incomes will be significant as rates spike to 22% as of January 1, bringing on bust (Note: David Stockman, former Reagan budget chief, knew at the time not to fear the bust, but rather, the preceding boom). As consumer prices come down, business will benefit, engendering trust in the new system—one where the owners of the currency monopoly benefit.1984
Success! Sunny days, as typical of classical economic corrections, recovery comes close on the heels of taking the care due after two cocktails on a Sunday. Federal Reserve Chair Paul Volcker and Stockman are top pilots, crafting the new system where collecting from a potentially global pool of townspeople is possible without additional agreement needed on each new tax.We remain hopeful the Federal Reserve Bank’s note-cum-currency gains broader global adoption, so that as we tax via printing, the base is as broad as possible. Bread in Egypt and pork in China should draw from the pockets of their poor, too, accumulating here. The oil providers, taking only gold, forced acceptance of agreements to encumber unmined supply, as we front gold to fund oil purchases. The gold price will eventually have to rise to compensate for mining costs and exploration, should we need or want more gold [fast forward to central bank gold sales, the year 2000, beginning of the managed rise in the paper gold price].
---
Without the freedom to choose your money, securing your labor against taxation without representation, you are a slave—and, like a slave, you indirectly pay to be watched. We reported on the Free Competition in Currency Act in late 2012.
A federal budget within tax revenue would do much for minority rights—the smallest minority is an individual. All liberty is personal, as taught U.S. President Calvin Coolidge.
Really, the $17 trillion in federal debt is mere computer entries the Federal Reserve Bank makes when it lends its dollar notes. To lend a buck (Federal Reserve banknote), bankers first strike an agreement for payments equaling the amount, plus interest (so as to incrementally gather wealth). When the supports break under the Federal Reserve banknote, not only will it dawn on all that $17 trillion could have never been paid out of our children’s future labor, but the +$220 trillion of promises made could have never been borne by others in the fullness of time. If the entries are simply deleted, the income underpinning their monopoly fizzles.
Global money monopoly means king of the world, literally, for the few, and modern slavery for the many.
Founding father Thomas Paine started the original abolitionist club in Philadelphia, over a hundred years senior to Herbert Spencer’s 1884 writings: “All socialism involves slavery… That which fundamentally distinguishes the slave is that he labors under coercion to satisfy another's desires.”
Of course for capitalism to function, it requires bankruptcy. See How to End the Fed, and How Not To.
“You cannot prevent the birds of sorrow from flying over your head, but you can prevent them from building nests in your hair.”
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