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Posts Tagged ‘reserve currency’

money toilet paper

Crude Oil prices are up and the value of the U.S. dollar is down while our duly elected President Barack Hussein Obama is meddling yet again with free markets, furtherer eroding world confidence in the dollar and bringing our entire economic and political system another step toward socialism.  He is putting other nations in the position to ignore the U.S. dollar as the leader in world currency as, ” China and Russia have agreed to use each other’s currencies and eliminate the use of dollars in their trade,” according to  WWW.EVERBANK.COM blog, A Pfenning for Your Thoughts.

President Obama yesterday said…” we will dismantle the Office of Thrift Supervision and close loopholes that have allowed important institutions to cherry-pick among banking rules. We will offer only one federal banking charter, regulated by a strengthened federal supervisor. We’ll raise capital requirements for all depository institutions….” http://scoop.co.nz/stories/HL0906/S00188.htm

Noam Chomsky, http://en.wikipedia.org/wiki/Noam_Chomsky is critical of the American capitalist system and big business, he describes himself as a libertarian socialist who sympathizes with anarcho-syndicalism -a potential force for revolutionary social change.  Like, The Change You Can believe in?

Chomsky said, “I think it only makes sense to seek out and identify structures of authority, hierarchy, and domination in every aspect of life, and to challenge them; unless a justification for them can be given, they are illegitimate, and should be dismantled, to increase the scope of human freedom.” 

The pattern for the Obama manipulation banking game is disheartening to say the least.  The Federal Deposit Insurance Corporation- FDIC, Office of the Comptroller of the Currency- OCC, and OTS are all a part of the supervisory and regulatory framework of the banking industry.  Closing the Office of Thrift Supervision is more than likely going to result in the closing of more Savings and Loan Institutions through default, bankruptcy or government bailout.  There are existing laws an the books that had they been enforced, would not have allowed the “cherry picking” among banking rules and may have reduced this financial fiasco America and the world has gotten itself into. 
 
Offering further proof of another American Fiasco comes from NEW YORK (Dow Jones) via http://online.wsj.com/article/BT-CO-20090616-714654.html–The dollar declined Tuesday as major emerging market nations urged more diversity in the global currency system, another sign that big investors are growing restless with the greenback’s dominance. Brazil, Russia, India and China, collectively known as the BRIC nations, said after a meeting Tuesday that “it is very necessary to have a stable, predictable and more diversified currency system.”

Two years ago Jerome Corsi reported that the director of international economics at the Council on Foreign Relations has launched a scathing attack on sovereignty and national currencies.  Benn Steil, writing in the current (now past)  issue of CFR’s influential Foreign Affairs magazine, says “the world needs to abandon unwanted currencies, replacing them with dollars, euros, and multinational currencies as yet unborn.” http://www.worldnetdaily.com/news/article.asp?ARTICLE_ID=55595  Looks like BRIC agrees.

All conspiracy aside, has the time come when are we saying goodbye to the dollar; hello to the New World Order, a One-World-Government, and loss of American dominance?

photo props to http://payday-z.com/dollar-drop-suits-stocks-well.html

Related posts

https://ahrcanum.wordpress.com/2009/06/17/bond-seizure-the-nwo-illuminati-push-for-new-currency/

https://ahrcanum.wordpress.com/2009/03/27/obamas-illuminati-ponzi-of-the-dollar/https://ahrcanum.wordpress.com/2009/04/04/new-world-order-obamas-tomorrow-land-is-today/

https://ahrcanum.wordpress.com/2009/04/24/g7-meet-to-plan-new-world-order-economics/

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BondsUS

Italy seized $135 BILLION dollars in US Federal Reserve Bonds last week.

Milan (AsiaNews) –  Italy’s financial police (Guardia italiana di Finanza) has seized US bonds worth US 134.5 billion from two Japanese nationals at Chiasso (40 km from Milan) on the border between Italy and Switzerland. They include 249 US Federal Reserve bonds worth US$ 500 million each, plus ten Kennedy bonds and other US government securities worth a billion dollar each. http://www.asianews.it/index.php?l=en&art=15456&size=A

“The bonds were described as being 249 US Federal Reserve bonds each worth $500 million, plus ten Kennedy bonds with face values of $1 billion, in addition to various other types.” http://www.timesonline.co.uk/tol/news/world/europe/article6507161.ece Italian authorities have not yet determined whether they are real or fake. 

If the bonds are not counterfeit, then how does a country misplace billions in bonds?  What country did they originate from?  I get pissed when I misplace a $20 from my wallet.  Hell, I still have my $50 dollar savings bonds from my first communion locked in the safety deposit box at the bank. 

If the bonds are real, is a country trying to unload them for some other currency;  like perhaps the Acmetal, Amero for the World Bank to prop up to replace the US dollar as the world’s leading currency?

The creation of a supranational reserve currency to be issued by international institutions like The World Bank and in part to reform the global financial system was on the agenda at the last G20 summit.  The IMF- The International Monetary Fund is looking into the possible creation of a new reserve currency, widening the list of reserve currencies or using its already existing Special Drawing Rights, or SDRs, as a super reserve currency that would be accepted by the entire world. 

Representing China, “”The crisis called again for creative reform of the existing international monetary system toward an international reserve currency,” Zhou wrote http://moneynews.newsmax.com/streettalk/currency/2009/03/24/195290.html?s=al&promo_code=7CC5-1 .  Russia too has expressed that there should be a new international reserve currency that moves away for relying on the dollar.  The United Nations at one point reiterated moving away from the dollar too, and adopting a shared basket of currencies instead.

The fear of counterfeit bonds and securities has been lurking for years making real U.S. issued securities suspicious.  Oddly enough on March 30…”the US Treasury Department announced that it had about US$ 134.5 billion left in its financial-rescue fund, the Troubled Asset Relief Program (TARP), whose purpose is to purchase assets and equity to buttress companies in trouble. The existence of such means that the Obama administration may not have to go to Congress for additional funds, something which is especially important since many lawmakers have vowed to oppose any requests for more money. reported at http://www.asianews.it/index.php?l=en&art=15505&geo=&theme=&size=A

 Japan’s Kyodo news agency has reported that the resignation of Japan’s Interior Minister Kunio Hatoyama might also be related to the Ponte Chiasso affair.  $135 Billion to Spend, $134 Billion in Bonds found?  What a coincidence!

Asia News also points out,” During the Second World War several countries at war printed and put in circulation perfectly counterfeit enemy money. It is also historically established that some central banks, like the Bank of Italy 65 years ago, issued the same securities twice (identical registered number and code). This way they could print more money with legal tender than they officially declared.”  Makes me wonder if America’s printing presses are guilty of doing the same.   

This U.S. Bond heist just brings more attention to elite economic powers and the control of currency- The Trilateral Commission, Rockefeller’s, Council on Foreign Relations, Skull and Bones, The Bilderberg Club, The Illuminati, Rand Corp., Ford Foundation,The Bank for International Settlements, BIS, etc.  

It might have been  in the name of solving a financial crisis when GWB admitted was a step away from capitalism, but it was a move toward the New World Order and perhaps an end to US sovereignty.             

InfoWars back in 2007 said, “In their important history of the EU, The Great Deception, British authors Christopher Booker and Richard North, concluded that the 27 member nations now entangled in the union have ceded their sovereignty in a carefully planned stealth operation. They grudgingly credit European globalists with accomplishing “a slow-motion coup d’etat: the most spectacular coup d’etat in history.” http://infowars.net/articles/may2007/040507EUUS.htm

“…our federal government and the American people have been sucked into the one-world take over plot of the Illuminati great conspiracy and always bear in mind, that the United Nations was created to become the housing for that one-world, so-called, liberal conspiracy says http://educate-yourself.org/nwo/illuminatiagendabestoverviewyet8jun02.shtml

” Fox News is the only “mainstream” US news outlet to be interested in the story of the $134.5 billion in (probably fake) bonds that were seized in Italy. Host Glenn Beck had us on to talk about the story, and they even got the first quote from the Treasury.”   Video here http://www.businessinsider.com/joe-on-fox-2009-6.

One thing that is apparent, billions of my tax dollars in the form of bonds- found their way to two Japanese guys on a train. 

I smell something funny, and it isn’t the smell of money.

 photo props to The Italian site  http://www.adnkronos.com/IGN/News/Cronaca/?id=3.0.3396869573

related: https://ahrcanum.wordpress.com/2009/03/27/obamas-illuminati-ponzi-of-the-dollar/

https://ahrcanum.wordpress.com/2009/04/04/new-world-order-obamas-tomorrow-land-is-today/

https://ahrcanum.wordpress.com/2009/04/24/g7-meet-to-plan-new-world-order-economics/

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