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WHAT ABOUT THE NATIONAL DEBT, BANKING AND THE MONEY SUPPLY ...

Arizona1950 2011/08/02 18:08:14
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Tuesday, August 02, 2011
by Mike Adams, the Health Ranger
Editor of NaturalNews.com

“It's not just that most people don't understand banking and finance; it's that even members of Congress have no idea how all this works. With few exceptions (like Ron Paul), they're just clueless!”

Seven disturbing facts about money that are almost never acknowledge in the old media.

Fact #1 - There is no FDIC insurance fund.

There is no actual money in the fund. The FDIC insurance money has already been looted by the U.S. Treasury which has simply replaced the money with a bunch of IOUs.

When the U.S. government goes into default, and it will sooner or later, so will the FDIC! And that means all your bank funds have zero insurance.

Fact #2 - There are no social security funds, either.

In reality, there is no money in the social security trust fund because it too has all been looted by the U.S. Treasury and spent. In truth, social security is already broke.

Fact #3 - The U.S. Treasury is stealing money from you every day, even if you pay no taxes!

The U.S. Treasury is stealing money from you every single day by the simple fact that they keep creating new money and handing it out to wealthy banksters. Well, technically this is being done by the Federal Reserve, which isn't even part of the federal government. But it's all done in cahoots with the Treasury, which is eroding the value of your money through these money creation and distribution actions.

The truth is that your money is worth less! That's how the Treasury and the Federal Reserve steal from you without even breaking into your home.

As history has clearly shown, every nation that goes down the path of printing more currency to pay its bills eventually ends up in a runaway hyperinflation scenario followed by economic collapse. The USA will be no different.

Fact #4 - The "balanced solution" isn't balanced.

When you're spending more money than you're earning, that's not financial balance. When the White House says "balanced" what it really means is "compromised" -- as in, half way between the Republican position (spend us into purgatory) and the Democratic position (spend us into oblivion). Neither party has any real solution to the cancerous growth of Big Government. That's because they are creatures of Big Government!

Politicians can no more solve the problems of Big Government than arsonists can solve the problem of office fires. Because they are, themselves, creatures of runaway debt spending (how else do you get elected these days?), they simply do not possess the cognitive framework from which real financial solutions must stem.

Fact #5 - The government is going to steal everything from you before it collapses

Oh my, this is a tough one for people to get their heads around... especially those who naively trust governments to act in the interests of the People. The simple truth is, the government is going to STEAL almost everything you own as it heads toward a total financial implosion. This will include:

The government theft of private retirement accounts. The feds will claim they're taking them over "for your protection."

The government theft of precious metals. Watch for a national emergency to be declared, followed by government confiscation of gold and silver. The feds will take your gold and hand your paper money in exchange. The paper money, of course, will be all but worthless shortly thereafter.

Government takeover of your bank accounts. As banks begin to fail in the big collapse, the government will step in and take ownership of the failed institutions, just as it did with Fannie Mae and Freddie Mac (which used to be publicly-owned companies but are now largely just government finance operations). This will put your bank accounts under the direct control of the White House, which can use executive orders to do things like banning all wire transfers out of the country or limiting daily withdrawals and transfers. Sure, you'll still "own" your money in the bank, you just won't be able to freely access it!

Fact #6 - Most people have no idea about fractional reserve banking, derivatives, the money supply or the Federal Reserve

It's not just that most people don't understand banking and finance; it's that even members of Congress have no idea how all this works. With few exceptions (like Ron Paul), they're just clueless!

Get this: Even most bankers don't even know how fractional reserve banking really works. They don't understand derivatives, either, which is why they screwed them up so badly in the housing boom that crashed in 2007. And because bankers, investors and bureaucrats have no idea how it all works, they unwittingly turn it all into a runaway catastrophe.

Allowing ignorant adults to play with debt and derivatives is like letting infants play with nuclear weapons. It can only lead to something messy.

Fact #7 - Most people are betting their lives on the dollar

People buy insurance for their cars, their homes and even their health. But when it comes to money, 99 out of 100 people in America are betting their entire financial existence on the U.S. dollar! They get their paychecks in dollars, their savings accounts are in dollars, and all their assets are denominated in dollars. As a result, they have no diversity to protect them against dollar devaluation.

More people are diversifying their assets and converting dollars into land, gold, silver or even storable food. People who are betting everything on the dollar because they never realized they had any other option (that's the way the government likes to keep it, of course!) need to start to prepare.

http://www.naturalnews.com/033207_national_debt_inflation.htm...

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  • Jackie 2011/08/04 23:06:28
    Undecided
    Jackie
    Dear Reader,

    Our retirement expert, Dr. David Eifrig, has just created a video we think you should watch.

    You see, he believes retirement in America has reached a tipping point…

    Our great country has been taken over by a group of politicians with an agenda that’s dangerous for retirees:

    These politicians believe in confiscating your savings... Restricting how much money you can get out of the country... Controlling where you store your gold... Regulating what kind of medical treatment you should get... And even how you should die.

    Worse, they have been able to sneak through devastating legislation that most folks didn’t even notice.

    Dr. Eifrig’s video details these new retirement provisions… how they could affect you… and what you need to do now to protect yourself. Click here to watch it.

    Sincerely,

    George Rayburn
    Publisher, Stansberry & Associates Investment Research
  • Arizona... Jackie 2011/08/05 02:47:05
    Arizona1950
    No link?
  • Jackie Arizona... 2011/08/05 03:45:04 (edited)
    Jackie
    +1
    I'll find it and get back to you It was a news link could not find it so I copied and pasted this on Google and got it:
    Dr. Eifrig’s video details these new retirement provisions… how they could affect you… and what you need to do now to protect yourself. Click here to watch it.
  • Arizona... Jackie 2011/08/05 04:19:07
    Arizona1950
    No link again.... is it the one that Bill Gates and the rest of the Progressive Libs spoofed?

  • Jackie Arizona... 2011/08/06 04:52:53
    Jackie
    +1
    no,
    I Goggled it again and all links are "broken" go figure, wonder why?
  • Arizona... Jackie 2011/08/06 15:08:56
    Arizona1950
    Sometimes good links disappear. Especially those that give important news that might show someone in an unkind light. I've come across this experience twice on quotes by Obama and another (sorry can't think of his name right now - he ran against Obama for the Senate).
  • Jackie Arizona... 2011/08/06 20:05:49
    Jackie
    +1
    I understand
  • holly g... Jackie 2011/08/06 00:36:56
    holly go lightly
    Thank you Jackie.I know far too many people are unaware of this and it is important information.
  • holly g... Arizona... 2011/08/06 00:20:48
    holly go lightly
    +1
    www.dailywealth you should be able to find anything you need at this link.
  • Arizona... holly g... 2011/08/06 00:31:17
    Arizona1950
    It's not that I was needing or even looking it just that Jackie has mentioned a link twice but doesn't supply one so I thought I would help him out.
  • holly g... Arizona... 2011/08/06 00:40:46 (edited)
    holly go lightly
    There are a lot of links to this guy and the video isn't easy to find.The second link should get you there a lot easier if that's what you want to do.
  • holly g... Arizona... 2011/08/06 00:35:35
    holly go lightly
    This may be a better link.
    http://www.stansberryresearch...
  • Arizona... holly g... 2011/08/06 15:09:41
    Arizona1950
    +1
    Thank you kindly.
  • holly g... Arizona... 2011/08/06 16:30:26
    holly go lightly
    +1
    Y.W. :)
  • Katfish 2011/08/04 15:11:25
    All of the above
    Katfish
    +1
    Nice post.
  • Arizona... Katfish 2011/08/04 19:36:31
    Arizona1950
    +1
    Thank you ... glad you enjoyed. :-)
  • Charles R. Anderson 2011/08/04 03:38:53
    None of the above
    Charles R. Anderson
    +3
    Progressives think the People are stupid because they keep getting away with taking advantage of the People. The Progressives are really angry with the Tea Partiers because many of them are less and less willing to be the fleeced victims of the socialist left. Rise up in the 2012 election, as many of you did in the 2010 election and throw these presumptuous other word for donkeys out of power in the Senate and the Presidency.
  • Arizona... Charles... 2011/08/04 03:49:37
    Arizona1950
    I agree and I also hope we will be in time.
  • 4dc 2011/08/03 22:19:41
    All of the above
    4dc
    +1
    ron paul or someone ...anyone?
  • myfoxmystere 2011/08/03 15:51:53
    All of the above
    myfoxmystere
    +2
    How about some of these Pork Barrel projects that the Senate funded: The San Francisco International Accordion Festival, Laundry Folding Robots, Shrimp Treadmills, Jello Wrestling in Antarctica, and Harry Reid's Cowboy Poetry Festival in Reno Nevada?
  • Arizona... myfoxmy... 2011/08/04 00:05:28
    Arizona1950
    +1
    How about taking a huge pay cut ... better yet only draw $1 for a year as well.
  • ronbo51 2011/08/03 15:07:45 (edited)
    Undecided
    ronbo51
    +2
    congress caused it. congress will need to FIX IT!.

    having a leftist-socialist-islamic president does not help either.

    cant say one man will make difference when you have a FUBAR'd CONGRESS~

    and if you still have Nancy Pelosi and Harry Reid around,.fuggit about it! president difference fubard congress nancy pelosi harry reid fuggit congress FAIL president difference fubard congress nancy pelosi harry reid fuggit congress FAIL president difference fubard congress nancy pelosi harry reid fuggit congress FAIL president difference fubard congress nancy pelosi harry reid fuggit big letters FAIL
  • Cathy 2011/08/03 14:43:56
    All of the above
    Cathy
    +2
    I will be voting for "Ron Paul" in 2012 because I can trust him with what he says!
  • Arizona... Cathy 2011/08/04 00:07:07
    Arizona1950
    +2
    He's the best ... he's never swayed from his purpose and like he has said, "“Conviction and leadership go hand in hand. If you don’t know where you want to end up, it’s virtually impossible to lead.”
  • OPOA912 2011/08/03 14:13:35
    All of the above
    OPOA912
    +1
    This bill does nothing to stop the spending, and therefore we will need to have another November 2010 revolution.
  • Arizona... OPOA912 2011/08/04 00:07:41
    Arizona1950
    +1
    I hope you are supporting Ron Paul ... :-)
  • OPOA912 Arizona... 2011/08/04 14:16:47
    OPOA912
    +1
    At this point I would support Donald Duck!
  • harley oldman 2011/08/03 12:56:10
    Hmmm ... I better take another look at Ron Paul
    harley oldman
    +1
    Its Good to see SOMEONE "Gets It".....!
  • Arizona... harley ... 2011/08/03 13:42:49
    Arizona1950
    +2
    Yep .. I hope he goes all the way. IF America continues to support him, I think he will.
  • harley ... Arizona... 2011/08/04 01:46:36
    harley oldman
    +1
    He will get my Vote...! vote voting
  • Arizona... harley ... 2011/08/04 03:51:02
    Arizona1950
    :-) any support you can lend between now and then I'm sure will be appreciated.
  • mike 2011/08/03 08:28:28
    Undecided
    mike
    +1
    Unfortunatly I think were gonna learn some real hard lessons on this, hopefully we survive.
  • Arizona... mike 2011/08/03 13:48:40
    Arizona1950
    +2
    The human race will survive ... America may not is my take on it.
  • mike Arizona... 2011/08/04 08:15:19
    mike
    +1
    Fro the sake of our Grandchildren lets hope were both wrong.
  • Arizona... mike 2011/08/04 12:41:09
    Arizona1950
    We have to have faith is what it comes down to in my way of thinking.
  • RobertRowe 2011/08/03 05:07:49
    Undecided
    RobertRowe
  • igillum 2011/08/03 04:51:29
    All of the above
    igillum
    +1
    We've got to get him in office, if there is to be any hope for this mess.
  • Arizona... igillum 2011/08/03 13:49:40
    Arizona1950
    +2
    I absolutely agree ...
  • TananaTrish 2011/08/03 03:53:00
    Ron Paul got it right again!
    TananaTrish
    +3
    The proof is in the pudding. He's the only one who's accurately stated what could and would happen if these gangsters are allowed to continue the big heist.
  • Arizona... TananaT... 2011/08/03 13:50:45
    Arizona1950
    +2
    He is the only one running who doesn't actually act like a politician. I doubt he's ever been one. A stateman is much more his persona.

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