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They Will Take Your House _And that is the Green Agenda???

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Why a Global Government Is the Ultimate Goal of Billionaires

  • October 06, 2023

STORY AT-A-GLANCE

  • The European Union’s “Energy Performance of Buildings Directive” — the legislative instrument that dictates the energy performance standards for buildings within the EU — will be used to achieve a massive wealth transfer scheme
  • By 2030, the EU must meet a minimum 55% reduction of greenhouse gas emissions. By 2050, they want every building — commercial, public and residential — in the EU to meet zero-emission standards. To achieve that, they will impose a slew of new renewal energy requirements on homeowners
  • For example, heating systems that use fossil fuels are to be completely phased out of existence by 2035. Homeowners will be required to install new “green,” presumably electric, heating systems — and pay for it out of pocket. The cost for these new energy requirements are estimated to be around 100,000 euros for a residential house
  • The goal is to force people out of their homes. If you cannot afford the required upgrades, you’ll be forced to sell your home. Asset management companies will then buy them and turn them into rentals
  • September 20, 2023, the U.N. General Assembly (UNGA) president approved a declaration on pandemic prevention, which assigns pandemic authority to the WHO, without a full assembly vote and over the objections of 11 member states. The objections should have prevented a consensus adoption the declaration, but the U.N. is skirting the rules by having the UNGA president, rather than the General Assembly, approve the declaration

In the video above, Bjorn Andreas Bull-Hansen, a best-selling Norwegian novelist, explains how the European Union’s “Energy Performance of Buildings Directive” — the legislative instrument that dictates the energy performance standards for buildings within the EU — will be used to achieve a massive wealth transfer scheme.

In March 2023, the EU Parliament voted to revise this directive as part of a “Fit for 55” package, which aims to meet a minimum 55% reduction of greenhouse gas emissions by 2030.

By 2050, the EU intends to achieve a “zero-emission and fully decarbonized building stock.”1 In short, by 2050, they want every building — commercial, public and residential — in the EU to meet zero-emission standards. To achieve that, they will impose a slew of new requirements on homeowners.

For example, heating systems that use fossil fuels are to be completely phased out of existence by 2035,2 if the European Parliament gets its way, and that means homeowners will be required to install new “green,” presumably electric, heating systems — and pay for it out of pocket. According to Bull-Hansen, the cost for these new energy requirements is estimated to be around 100,000 euros for a residential house.

The Goal Really Is for You to Own Nothing

The goal, Bull-Hansen, explains, is to force people out of their homes. If you cannot afford the required upgrades, you’ll be forced to sell your home, and asset management companies like BlackRock and Vanguard will stand at the ready to snatch these properties up.

And that’s if you’ll be allowed to sell a house that isn’t up to standards; the government might just deem it unsellable and seize it, or you may have to pay a fine of some sort.

In the U.S., BlackRock and Vanguard started bulk-buying residential homes in earnest in early 2021, which they then rent out rather than resell, thereby eroding middle class homeownership. They also artificially drove up home prices by paying above-asking price, thereby pushing homeownership further out of reach.

Of course, the price of rent has also skyrocketed, and renters will have to pay even more after these energy upgrades. So, not only is homeownership something many young people can no longer achieve, many can’t even afford to rent, and are forced to live with their parents or multiple roommates. We can eventually expect the number of homeless to skyrocket as well.

As noted by Bull-Hansen, the elimination of personal property ownership is all part of the World Economic Forum’s (WEF) Great Reset agenda, Agenda 2030 and the United Nations Sustainable Development Goals. These are just different names for the same overarching plan.

The WEF’s “8 Predictions for the World in 2030” video,3 in which they cheerfully declared that by 2030 “you will own nothing,” spelled out many of the aspects of this global plan, including the goal to eliminate personal ownership rights. “All products will become services,” the WEF explains on its website.4 That’s what “you’ll own nothing” refers to.

Gone will be the days when you buy something once and can use it indefinitely because you own it. Instead, the new system they’re pushing us into will require you to rent everything — your home, transportation, furniture, pots and pans and all the rest. You’ve probably noticed this creep already.

For example, you used to be able to buy a piece of software, which came on a disc. You could install and reinstall that program on any computer you wanted, because you had the CD.

Today, most software programs are cloud-based subscriptions, and you have to pay a monthly or annual fee for as long as you’re using it. And, while the fee may be low, once you add it up over a lifetime of use, you’ll end up paying many times more than what you did when you were able to buy it outright.

Homeownership Has Always Been a Wealth-Building Strategy

As noted by Bull-Hansen, homeownership defines the middle class. More importantly, it’s been a way to build and secure generational wealth for ages. Remove the ability for people to buy their own home, and you effectively eliminate the middle class, leaving just the very rich, and the very poor.

“It doesn’t matter if you believe this will be good for the environment or not,” Bull-Hansen says. “This is about controlling you. This is about owning you … This is a wealth transfer that we’re looking at, and we can’t accept that. Ownership is important. It’s a very, very essential concept …

If you take ownership away, what you’re left with is feudalism. Someone’s going to own the stuff that you need, and they will be the so-called ‘elites’ … So we must put our foot down and refuse to accept this.”

Disobedience Is Our Only Way Out

OK, so what do we do about it? I second Bull-Hansen’s call for peaceful disobedience. “We MUST be disobedient now,” he says. The alternative is to accept serfdom.

And again, the coming slave system is not merely about removing human rights and eliminating the freedoms we’ve enjoyed our whole lives — even simple things, such as having the freedom to travel wherever you choose, whenever you want — it’s also about stripping us of our wealth and eliminating the possibility of building wealth in the future.

They’re not just trying to take away your ability to own a home and build generational wealth that way. With a central bank digital currency (CBDC), you won’t make interest on your money, and they’ll take taxes out automatically. They’ll also have the ability to dictate where and what you can spend your money on, and put expiration dates on your funds so that you can never save up for a rainy day.

The globalist cabal behind this entire agenda intends to create a permanent slave class that has no rights, no freedoms and no way out.

If you go along with these “green” proposals — which is what they’re using to justify this particular wealth transfer scheme — then you are actively choosing poverty and slavery for yourself, your children and all descendants thereafter, because dismantling this global system of control will be unimaginably difficult once it’s in place.

How are you going to rebel when the government can seize your bank accounts at will, lock you out of grocery stores, send you to an infectious control internment camp to “protect public health” even though you’re not sick, program your electric vehicle such that it only runs within a specific designated area, and punish everyone you know in the same way, simply because they know you?

All of that, and much more, will be possible once the AI-run digital surveillance and control grid is fully implemented and linked to your digital identity, a programmable CBDC and the unified ledger system.

As noted by Bull-Hansen, there will be ramifications for disobedience and refusal to go along with the globalist “green” agenda, but if we agree to pay the price now, and refuse en masse, this globalist power grab will absolutely fail. They cannot do it without mass obedience.

Who’s Looking to Rule the World?

If this topic is new to you, you might be wondering who these “globalists” are that are trying to effect this global coup. I’m not going to name names here, although it’s getting easier by the day to identify the individuals who are part of the club by examining their public statements and stances, their business endeavors and affiliations.

The reason for this is because most are no longer even trying to hide their involvement, and the organizations erected to drive the agenda forward are becoming more and more open about their goals.

For example, June 5, 2023, the United Nations published a document spelling out its commitment to make the World Health Organization the central global governance body.

The following excerpt is from page 9 of the Zero Draft of the “Political Declaration of the United Nations General Assembly High-level Meeting on Pandemic Prevention, Preparedness and Response” document drafted in advance of the September 20, 2023, General Assembly meeting.5

global governance

The final text6 of this document was published September 1, 2023, and in that version, all of the headings have been removed, but the overall intent to make the WHO a de facto governing body for the world remains unchanged.

While the document focuses on the WHO’s authority to dictate pandemic prevention and response worldwide, as I’ve detailed in several previous articles, the WHO will not only be in charge of pandemics. That’s just the justification they use to get its foot in the door.

Next, the WHO will move into general health care by advancing the acceptance of a universal health care system. This will be promoted under the banner of enhancing pandemic prevention, preparedness and response, as detailed on page 11 under OP33 in the Zero Draft,7 and under article 22 in the final text.8

Then, through the global One Health program, which expands “public health” to include everything from agriculture and pollution to travel and climate change, the WHO — or some spinoff thereof — will take over all government functions.

The final text of the UN’s “Political Declaration” even declares that health is an indicator of “sustainable development,” thereby directly linking the WHO’s pandemic authority to the UN’s Sustainable Development Goals and Agenda 2030.

one health

Lawlessness Reigns

Making matters all the more dire for the people of the world is the fact that governments and global organizations involved in this power grab are increasingly flouting rules, guidelines, laws and treaties that previously have ensured at least some semblance of democracy and rule of law.

One of the latest examples of this is the U.N. General Assembly (UNGA) president’s approval of the declaration on pandemic prevention (the document discussed above) without a full assembly vote and over the objections of 11 member states (Belarus, Bolivia, Cuba, the Democratic People’s Republic of Korea, Eritrea, the Islamic Republic of Iran, Nicaragua, the Russian Federation, the Syrian Arab Republic, Venezuela and Zimbabwe).

According to Francis Boyle, J.D., Ph.D., a bioweapons expert and professor of international law at the University of Illinois who drafted the Biological Weapons Anti-Terrorism Act of 1989, the objections by 11 nations should “prevent this declaration being adopted by consensus and thus arguably becoming part of customary international law, which is what those behind the declaration intend.”

“They could not get it through the UNGA as a Consensus Resolution because of the 11 objecting states,” Boyle told The Defender.9 “They are trying to spin it and misrepresent it by having the UNGA president — not the UNGA — approve the declaration.”

UN Declaration Calls for Universal Vaccinations and More

The fact that the UN General Assembly president is creating loopholes where there are none is particularly disturbing in light of the fact that the declaration makes the COVID-19 power grabs permanent and calls for universal vaccination, increased surveillance, vaccine passports, social media censorship, and an “integrated One Health approach,” which I just explained is the primary way by which the WHO will end up governing all aspects of human life.

So, we can see that even when countries disagree and push back, U.N. leadership simply skirts the rules and follows the Deep State plan anyway, and that’s precisely the kind of behavior we can expect from a “One World Government.” They’ll have rules for themselves, which they’ll conveniently ignore when it suits them, and fixed rules with harsh penalties for the rest of the plebs. As reported by The Defender, September 20, 2023:10

“Critics called the declaration, which seeks to create a global pandemic authority with the power to enforce lockdowns, universal vaccination and censorship of ‘misinformation,’ ‘hypocrisy’ and ‘unhinged.’ The approval came as part of a high-level meeting on PPPR [Pandemic Prevention, Preparedness and Response] …

In a statement, WHO Director-General Tedros Adhanom Ghebreyesus said, ‘If COVID-19 taught us nothing else, it’s that when health is at risk, everything is at risk.’ He linked the PPPR to the U.N.’s Sustainable Development Goals (SDGs), saying world leaders should ‘show they have learned the painful lessons of the pandemic’ …

Writing for the Brownstone Institute, Dr. David Bell, a public health physician, biotech consultant and former director of Global Health Technologies at Intellectual Ventures Global Good Fund, said ‘the main aim’ of the declaration ‘is to back’ the ‘pandemic treaty’ and IHR amendments currently under negotiation by WHO member states.

Bell said a ‘silence procedure’ is in place, ‘meaning that States not responding will be deemed supporters of the text.’ He said the text is ‘clearly contradictory, sometimes fallacious, and often quite meaningless,’ and intended to centralize the WHO’s power.

Bell told The Defender, ‘The declaration was not written with serious intent, but is essentially empty rhetoric promoting a continued centralization of control that the U.N. and WHO are openly seeking, at the expense of democracy, human rights and equality.’

Francis Boyle … agreed … ‘This is a full-court press to have the entirety of the United Nations Organization, its specialized agencies and its affiliated organizations, back up and support their proposed globalist WHO worldwide totalitarian medical and scientific police state,’ he said.”

Why Does the Deep State Reveal Its Plans?

In recent years, the last three in particular, the Deep State global mafia has gotten more and more open about its plans. That said, even decades ago, the plan for a “New World Order,” a “One World Government,” was there for anyone to see. They discussed it in published white papers and reports, they hinted at it in movies and entertainment, they divulged it in tabletop exercises.

Why do they always reveal their plan? Wouldn’t it be more sensible to keep it a secret so that people don’t know what’s coming and therefore won’t put up a fight?

As it turns out, there’s a method to the apparent madness, and the video above, “Revealing the Method: Esoteric Symbolism as Mind Control,” explains it. In summary, the agenda for a global governance system uses mass mind control to condition people to loss of personal power by promoting and getting us used to three types of loss:

  1. Loss of memory (amnesia)
  2. Loss of will or initiative (abulia)
  3. Loss of interest in that which is vital to one’s health and well-being (apathy)

These three psychological conditions are required for the global cabal to successfully implement a global government. Mind control methods used by the cabal to promote these conditions include the subversion of sacred symbolism and archetypes.

With the use of occult and esoteric symbols, they appeal to mankind’s lower instincts, animalistic appetites, compulsive urges and “inharmonious drives that conflict with an individual’s higher conscious nature.” The goal is to arrest the spiritual development of individuals and stifle the evolution of spirit within society.

Putting their “mark” on everything they do may also be an ego-driven facet of the cabal’s megalomania. It proclaims their dominance to each other and, subconsciously, to the masses, while simultaneously mocking those they view as inferior.

One particularly interesting aspect of the cabal’s use of symbolism is that the symbol typically means the exact opposite of the mainstream consensus view of its meaning. For example, the hammer and sickle symbol, found on the flag of the former Soviet Union, is commonly thought to represent the tools of the working class — industry and agriculture. The idea is that of a “working class utopia.”

The occult meaning, however, which predates the Soviet Union, is that of Saturn, a demi-urge who used a sickle to sever the unity of earth and heaven. Having separated earth from the divine, Saturn became the architect of the material world. In emulation of Saturn, the cabal is also engrossed with matters of the material world: owning it, shaping it, controlling it.

The hammer, meanwhile, represents the obliteration of matter — “The final act of chaotic destruction to usher in their new order.” It’s the instrument that shatters the last remnants of divine will within mankind “in a process in which man devolves and descends further into a post-human world.”

The hammer and sickle, then, seen from an occult perspective, denotes the tyrannical rule of an elite class intent on separating mankind from the divine and, ultimately, destroying it. Its occult meaning is that of a divided dystopia — the opposite of a unified utopia.

I recommend viewing the video, which goes into much greater detail than this short summary. If nothing else, it’s food for thought.

from:    https://articles.mercola.com/sites/articles/archive/2023/10/06/global-government-goal-of-billionaires.aspx?ui=f460707c057231d228aac22d51b97f2a8dcffa7b857ec065e5a5bfbcfab498ac&sd=20211017&cid_source=dnl&cid_medium=email&cid_content=art1HL&cid=20231006&foDate=true&mid=DM1473657&rid=1930784015

The “Mutual Class”

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From the Middle Class to the Mutual Class

felipe.jpg

 

Americans have the tools and money to create an America where all workers are employed, whose every square mile is beautiful; whose cities are safe playgrounds for children; whose food is fresh and affordable; whose waters are clean from sea to crystal sea.  An America run by Americans for Americans is fully capable of rebuilding all homes so they’re earthquake-proof, hurricane-proof, tornado-proof, flood-proof, drought-proof, fireproof, and bank-proof.  When Americans take control of money, we are wealthy enough to build an America where it’s easy to stay healthy and to get healed; where costs of living get smaller and our lives get bigger.

What blocks these goals?  Both Us and Them.

On the one hand, all of America’s institutions have become too big to change.  Like sumo wrestlers in a basketball game, they move too slow.  Big Government, Big Oil, Big Insurance, Big Finance, Big Agriculture, Big Highway, Big Education, Big Military, Big Prison, Big Police, Big Poverty — these feed on disaster and control.  They no longer exist primarily to fix problems, but to grow.

Then on the other hand, millions of us are employed by these institutions to enforce the past.  Millions of us depend on their stocks.  Many of us watch their commercials and obey their laws.  Many prefer dull safety to risky action, even to save America.  We drive straight, even when the road curves.

Therefore American politics wallows like a car stuck in mud with an elephant sitting on the roof, dragged by a lazy donkey, going nowhere but deeper.

As a result, the Middle Class dream has become a burden sinking millions through mortgage, insurance, utilities, tuition, credit card fees, cars and fashion.  Consumerism by liberals and conservatives alike has depleted America’s essential resources and our national sovereignty.

The next American generations will never achieve Middle Class excess.  That’s good for the planet and tough for them.  Fortunately, though, Millennials can become a prosperous Mutual Class by starting genuinely nonprofit mutual aid systems that enable them to live well by sharing resources.  Such programs were widespread and successful one hundred years ago.

Through them we create millions of jobs that revive our neighborhoods.  We give ourselves raises by lowering prices.  And all our current skills are employed while we enjoy new talents.

Young and old, we will become the government as we create these regional food systems and regional stock exchanges, establish green co-housing programs and green labor administrations, reduce dependence on fossil fuels toward zero, replace automobile space with train and bike space, convert vacant urban land into greenhouses and orchards, develop co-operative health plans and clinics, issue our own education credentials and our own community money.

Such local systems prepare us to take power by creating parallel authority.  By taking power together we regain time for creative individuality.  We move from dependence to ownership.

The Mutual Class will also pioneer Mutual Enterprise — local businesses committed to community, ecology, and social justice.

Let’s look at a sample Mutual Day.  We start with sex and music, then breakfast.  We walk or bike to work, four days per week.  After three hours work, we return home for a long lunch and sex, or we eat with co-workers: we discuss work plans, utility and durability of product, marketing, sales, prices and wages.  Then two more hours of work.  We have time and energy for an afternoon stroll or game, then prepare dinner, make music, make love (Why so much sex?  Because we’re relaxed).  We finish with an evening stroll in our beautiful neighborhood.

To achieve such better dreams, Americans must at the same time confront anti-American institutions.  Laws that forbid urgent change are a cage for us to die in.  Regulations must be broken when they block American liberation from debt, layoffs, foreclosure and bankruptcy, earthquakes, tornados, floods, heat waves, cold snaps, blackouts and traffic jams.

This is merely the revolutionary American tradition that ended slavery, gained votes for women, won the eight-hour workday, secured civil rights, and started this nation.  By contrast, conferences and elections are powerless displays.

Yet the most direct path to deflate bad authority is to withdraw personal dependence.  Time to leave the car in the mud and get back on track.  Use train, bike or feet rather than car.  Shop less and shop local.  Move your money into a local bank or credit union.  Insulate your housing.  Be a creator, not a consumer.  Eat less meat or none.  Have one or fewer children.

The next America will look entirely different than the one we know.  We’ll have fun building it and our grandchildren will thank us.  America went to the moon.  Now America will go to the future.

 

from:    http://www.realitysandwich.com/middle_class_mutual

About the Illusion of Money

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Modern Alchemy: The Money Illusion

MARCH 4, 2012

 

Post image for Modern Alchemy: The Money Illusion 

“While boasting of our noble deeds, we are careful to control the ugly fact that by an iniquitous money system, we havenationalized a system of oppression which, though more refined, is not less cruel than the old system of chattel slavery.”

– Horace Greeley

Have you ever wondered why the vast majority of hard working people on this planet does not make enough earnings to have a reasonable standard of living without being in debt? Our personal debt is modern version of slavery*.

* Slavery is a system under which people are treated as property to be bought and sold, and are forced to work. Slaves can be held against their will from the time of their capture, purchase or birth, and deprived of the right to leave, to refuse to work, or to demand compensation. Historically, slavery was institutionally recognized by many societies; in more recent times slavery has been outlawed in most societies but continues through the practices of debt bondage, indentured servitude, serfdom, domestic servants kept in captivity, certain adoptions in which children are forced to work as slaves, child soldiers, and forced marriage. [ Wikipedia ]

  • For the first time in U.S. history, banks own a greater share of residential housing net worth in the United States than all individual Americans put together.
  • In 1950, the ratio of the average executive’s paycheck to the average worker’s paycheck was about 30 to 1. Since the year 2000, that ratio has exploded to between 300 to 500 to one. 
Some famous quotes regarding money and central banking:

“Banking establishments are more dangerous than standing armies.”  — Thomas Jefferson

“History records that the money changers have used every form of abuse, intrigue, deceit, and violent means possible to maintain their control over governments by controlling money and its issuance.”  – James Madison

“The modern banking system manufactures money out of nothing. The process is, perhaps, the most, astounding piece of sleight of hand that was ever invented. Banks can in fact inflate, mint, and un-mint the modern ledger-entry currency.”  — Major L.L.B. Angus

“Banking was conceived in iniquity, and was born in sin. The Bankers own the Earth. Take it away from them, but leave them the power to create deposits, and with the flick of the pen, they will create enough deposits, to buy it back again. However, take it away from them, and the great fortunes like mine will disappear, and they ought to disappear, for this would be a happier and better world to live in. But if you wish to remain slaves of Bankers, and pay the cost of your own slavery, let them continue to create deposits.”  — Sir Josiah Stamp, (President of the Bank of England in the 1920′s, the second richest man in Britain)

“Whoever controls the volume of money in any country is absolute master of all industry and commerce.”   — President James A. Garfield

“Those who create and issue money and credit direct the policies of government and hold in the hollow of their hands the destiny of the people.”   — Sir. Reginald McKenna, former President of the Midland Bank of England

“Paper money eventually returns to its intrinsic value— zero.”   — Voltair (1694 – 1778)

“Give me the power to issue a nation’s money, then I do not care who makes the law.”  –  Anselm Rothschild

“Money confers social and political power, naturally.   Those who have more of it than others use their wealth to dominate or control other human beings who have little or none.  But money also gives power to a secret self, enabling it to pursue its own self-gratification in a singular fashion…
“Money, therefore, contains a continuous illusion of immortal power – the psychic vehicle for defeating time itself by controlling the future.  It is only an illusion; no mortal ever conquers time…
“Thus, on a psychic plane, the Wall Street investor accomplishes what the alchemist could not – creating gold from dross, real wealth from mere paper, a living organism from raw numbers…
To demystify the Federal Reserve, one first had to understand that money did not require religious faith or buried fantasies or impenetrable technicalities.  Money was, above all, a political question – a matter of deliberate choices made by the state.”  — William Greider,Secrets of the Temple, pp. 235, 236, 238, 242

The Money is an Illusion

By Dene McGriff

Over the centuries man has used many things for money – cattle, seashells, camels, coffee, jewels and precious metals.  Before money, there was Barter – two people trading something the other wanted.  Commodities and finally metals in the form of coins were introduced.  Paper money originated with the goldsmith who gave receipts to wealthy citizens for storage and safekeeping.  The goldsmiths realized that the receipt could be used in commerce since it could be redeemed in gold from the goldsmith.  Thus, modern banking was born.  Then they realized that the demands for redemption were relatively small so long as they kept a minimum in reserve.  Thus fractional-reserve banking was born.  If they kept ten or fifteen percent on hand, they would have enough to redeem any demands on the bank.  For centuries, European privately owned banks would issue paper bank notes backed by gold reserves.  The system was transferred to America.  Gradually, the value was transferred to the demand deposits which were redeemable by personal drafts or checks and gold was all but forgotten.

During the 18th, 19th and early 20thCenturies, periodic failures plagued the banking industry.  Experiments with fiat (paper) money always ended in inflation and devaluation of the currency.   After the Civil War, the National Bank Act tried to regulate bank notes issued by state banks but the public at large had little confidence in this chaotic banking system.  Then along comes the Federal Reserve Act in 1912 to restore order and public confidence in the monetary system.

Now when the Federal Reserve began, the paper money was backed by gold or silver up to a small portion of the face amount.  The problem is that the fractional reserve tends to become smaller and smaller until it is reduced to nothing.  And even to this day, fiat money is the way governments create money without taxation.  It has nothing of tangible value to offset it so let the printing presses roll

The Alchemy of the Federal Reserve

Money is created out of absolutely nothing.   Most texts teach that money is created first by someone making a deposit and then the bank waits for someone to come along and borrow it.  That is not true.  Money is created the instant it is borrowed.  In other words, debt creates money.  The government creates bonds (debt), gives them to the Fed which uses that debt to create money.  There is no other value attached to it.  It is the act of borrowing which causes it to spring into existence.  “Banks are creating money based on a borrower’s promise to pay (the IOU)….Banks create money by ‘monetizing’ the private debts of businesses and individuals.” (I Bet You Thought, Federal Reserve Bank of New York, p. 19).  Now I am going to quote from Griffin’s book to explain how the process works.  Money creation is a circular concept and hard to grasp so please stay with me.  Once you get it, it is absolutely shocking!

“The entire function of this machine is to convert debt into money.  It’s just that simple.  First, the Fed takes all the government bonds which the public does not buy and writes a check to Congress in exchange for them.  (It acquires other debt obligations as well, but government bonds comprise most of its inventory.)  There is no money to back up this check.  These fiat dollars are created on the spot for that purpose.  By calling those bonds “reserves,” the Fed then uses them as the base for creating 9 additional dollars for every dollar created for the bonds themselves.  The money created for the bonds is spent by the government, whereas the money created on top of those bonds is the source of all the bank loans made to the nation’s businesses and individuals.  The result of this process is the same as creating money on a printing press, but the illusion is based on an accounting trick rather than a printing trick.  The bottom line is that Congress and the banking cartel have entered into a partnership in which the cartel has the privilege of collecting interest on money which it creates out of nothing, a perpetual override on money which it creates out of nothing, a perpetual override on every American dollar that exists in the world.  Congress, on the other hand, has access to unlimited funding without having to tell the voters their taxes are being raised through the process of inflation.  If you understand this paragraph, you understand the Federal Reserve System.  (Griffin, The Creature from Jekyll Island, p. 193)

 “The federal government adds ink to a piece of paper, creates impressive designs around the edges, and calls it a bond or Treasury note.  It is merely a promise to pay a specified sum at a specified interest on a specific date…this debt eventually becomes the foundation for almost the entire nation’s money supply.  In reality, the government has created cash, but it doesn’t yet look like cash.  To convert these IOUs into paper bills and checkbook money is the function of the Federal Reserve System.

An instrument of government debt is considered an asset because it is assumed the government will keep its promise to pay…so the Federal Reserve now has an ‘asset’ which can be used to offset a liability.  It then creates liability by adding ink to yet another piece of paper…the “Federal Reserve Check”…

There is no money in any account to cover this check.  Anyone else doing that would be sent to prison.  It is legal for the Fed, however, because Congress wants the money, and this is the easiest way to get it…The process is mysteriously wrapped up in the banking system…The Federal Reserve check is then deposited in one of the Federal Reserve Banks…

These checks become the means by which the first wave of fiat money floods into the economy.  (For detail, please see Griffin, pp195-197)

These Federal Reserve Checks become commercial bank deposits.

Read the entire Source Article >>

The Truth about the Economy

By Dene McGriff

On Aug 10th, 2011, the stock market dropped over 500 points again after having gone up 450 the day before and down 640 the day before that.  What is this all about?  Why so much confusion?  Where is it going?  Is America on that long slide down to “third world-dom”?  Is China taking over as top dog?

I have been writing on the economy for quite a few years now.  I called the housing bubble back in 2004, the derivatives problem which led to the crash in 2008 and the continuing deflation (depression) the entire world is experiencing.  So what is the problem?  Is it the US debt?  Does it have anything to do with the US?  Will America be destroyed?  I would use the analogy of attacking a Chihuahua with a baseball bat – one swipe and he’s a goner.  Ever try and attack an elephant with a baseball bat?  The elephant will probably survive just fine but the attacker may not.  America may have problems but they are nothing compared to the rest of the world.  Bottom line is that we are much more able to absorb the blows than they are.

What is the Problem?

Let’s start with today.  Is the problem the credit downgrade of the U.S. by Standard and Poor’s?  No, in fact Treasury sales are better than ever (the markets aren’t that stupid) and long term interest rates continue to drop.  No, it is Europe and specifically France.  France has been supporting Greece and there isn’t enough money there to save them.  The stronger nations of Europe have been trying to save the weaker PIGIES (Portugal, Italy, Ireland, Greece and Spain) but France and England are not far behind.  Does this floundering European Union sound like the burgeoning power that will rule the world one day as some Christians think?  They can hardly agree on anything.  The EEC is a joke and it is disintegrating before our eyes.

So, you say, China holds all the cards and yes they have a pretty good hand.  But I have news for you, China has 1.5 billion problems: an aging population with fewer women (since baby girls were often eliminated), not to mention the logistics of providing fresh food and water, housing and other services for huge population.  Corruption and cronyism, demography and regional inequities will overwhelm and destabilize the new Asian miracle.  The same might be said to a slightly lesser extent for India.

So who does that leave on top?  You guessed it.  As we have said in the past, there is only one nation known as prophetic Babylon which matches this picture: apostate Christian, the great consumer nation, the greatest military power, and a friend of Israel (at least for now).  So the economic demise of America/Babylon may be greatly exaggerated.  Let’s look at the facts as to why America is nowhere near falling into oblivion.

There is a tremendous amount of debt all over the planet – corporate debt, government debt, local debt, personal debt, bank debt, not to mention the so-called unfunded liabilities (also an international problem) of retirement, medical care for the poor and elderly, unfunded pensions, etc.  Nearly every country in the world is having the same problems that we are but it is much worse.   The government “solution” is to print money (increase the money supply), both in cash and credit markets and just spend, spend, spend. Debt is parlayed and expanded in the form of derivatives.  One would think that since the 2008 meltdown fiasco we learned our lesson, but we haven’t and the derivative debts continue to grow exponentially.  The world is awash in funny money – fiat currency with no backing, but rather than causing hyperinflation, we see deflation which is the financial enema solution to excess liquidity.  Dead broke businesses, banks and factories go out of business and local governments and countries default (just don’t pay their debt).  The irony is that the world knows that America will never default and that is why the dollar is golden – even if they have to tax and take away nearly every dollar earned.  Nations flock to buy US Treasuries.  They can’t get enough even when they make nothing on them.  Those are the facts.

So in this article, we want to look at the debt ceiling crisis, why there isn’t enough money in the world to bail out the PIGIES, what will be the result of this failure and where we are headed as individuals.

From a prophetic point of view, we see that America will not decline commercially.  Up until the very end America will be the leading economic and military power.  However this doesn’t mean all goes well for you and me.  All of the crashes and bailouts have been at our expense.  More on that in a minute – the $16 trillion heist!  The long term trend is that the rich will get richer and the poor will get poorer and the middle income will continue to slip into poverty.  Right now, I am making one sixth of what I made twenty years ago.  I have three grown children and all are struggling to keep their heads above water.

The middle class is shrinking and here are stats to prove it.

  • 83 percent of all U.S. stocks are in the hands of 1 percent of the people.
  • 61 percent of Americans “always or usually” live paycheck to paycheck, which was up from 49 percent in 2008 and 43 percent in 2007.
  • 66 percent of the income growth between 2001 and 2007 went to the top 1% of all Americans.
  • 36 percent of Americans say that they don’t contribute anything to retirement savings.
  • A staggering 43 percent of Americans have less than $10,000 saved up for retirement.
  • 24 percent of American workers say that they have postponed their planned retirement age in the past year.
  • Over 1.4 million Americans filed for personal bankruptcy in 2009, which represented a 32 percent increase over 2008.
  • Only the top 5 percent of U.S. households have earned enough additional income to match the rise in housing costs since 1975.
  • For the first time in U.S. history, banks own a greater share of residential housing net worth in the United States than all individual Americans put together.
  • In 1950, the ratio of the average executive’s paycheck to the average worker’s paycheck was about 30 to 1. Since the year 2000, that ratio has exploded to between 300 to 500 to one.
  • As of 2007, the bottom 80 percent of American households held about 7% of the liquid financial assets.
  • The bottom 50 percent of income earners in the United States now collectively own less than 1 percent of the nation’s wealth.
  • Average Wall Street bonuses for 2009 were up 17 percent when compared with 2008.
  • In the United States, the average federal worker now earns 60% MORE than the average worker in the private sector.
  • The top 1 percent of U.S. households own nearly twice as much of America’s corporate wealth as they did just 15 years ago.
  • In America today, the average time needed to find a job has risen to a record 35.2 weeks.
  • More than 40 percent of Americans who actually are employed are now working in service jobs, which are often very low paying.
  • the first time in U.S. history, more than 40 million Americans are on food stamps, and the U.S. Department of Agriculture projects that number will go up to 43 million Americans in 2011.
  • This is what American workers now must compete against: in China a garment worker makes approximately 86 cents an hour and in Cambodia a garment worker makes approximately 22 cents an hour.
  • Approximately 21 percent of all children in the United States are living below the poverty line in 2010 – the highest rate in 20 years.
  • Despite the financial crisis, the number of millionaires in the United States rose a whopping 16 percent to 7.8 million in 2009.
  • The top 10 percent of Americans now earn around 50 percent of our national income.

So what are the prospects for your future?  Not very good.  I know you don’t like to hear this but all of the bailouts have occurred at your expense.  Let’s talk about the bailouts and stimulus. Who caused the crisis to begin with?  We all now know that it was the banks and their reckless derivatives. Who got bailed out?  How much money did you receive?  Nothing?  I didn’t either.  Imagine that.  But read on.  It gets much worse for us little peeps even though America will continue to prosper.

The Bailout and Dismantling of Europe

Look at Europe.  Greece already received $153 billion and now the Eurozone and IMF are providing another $152 billion.  Where does that money come from and who benefits?  It comes from tax payers.  The bailout doesn’t go to the Greek government.  It is just passing through to pay the banks to pay the 14% interest they already owe on their $476 billion in original debt!  This guarantees another default which will filter back through the banking system in Europe, the US and other countries.  Greece is very small potatoes.  It is 38th in size, $318 billion in 2010, whereas Italy is 10th and Spain 13th in size with a total economy of nearly $3 trillion.  Looking at it another way, the chart on the right shows the size of country debt by GDP.  We hear about the PIGIES all the time (Portugal, Ireland, Italy, Greece and Spain), but look at the other countries that are in equally bad condition.  Countries like the UK, France and Germany are the ones providing the loans to the PIGIES, but when the PIGIES default, who will cover those countries?  One guess is allowed.  Guess who will be left to save them all?

Analysts know that Italy and Spain are close to default and will soon be followed by England and France.  It isn’t a matter of the amount of debt.  Japan and the U.S. have shown that they can and will pay it back.  It is whether they can finance the debt and at what price.  The U.S. and Germany finance their debt for practically nothing (in the 2 percent range) whereas the PIGIES are paying all time highs of 14 to 30 percent.  These are holes they can’t dig out of and as one country after another defaults, Europe will be torn apart.  But will the Euro die?  Probably not.  Once the PIGIES drop out of the EU, then the EU will survive.  The PIGIES however are doomed because they won’t be able to finance their debt.  I would like to emphasize at this point that Europe and the rest of the world will look, perhaps grudgingly, to America to save them and establish order.

America and the Debt Crisis – Smoke and Mirrors!

America has a debt problem, no doubt about that and neither party faced it.  The so-called $4 trillion in cuts are not cuts at all.  It is not a cut in spending but a cut in the increase. The deficit was slated to double from $14 to $28 trillion over a ten year period.  The agreement was to cut that increase in debt back to only $10 trillion. The graph on the left shows the growth in the national debt through 2020 at that rate.

It shouldn’t take a rocket scientist to realize that this is not sustainable.  One lesson we should have all learned from the recent debt ceiling debate, is that if the rating agencies downgrade the US economy, we pay a higher interest rate on our debt.  Let’s look at some round numbers for a moment.  If we say that our national debt is $14 trillion and we pay 2 percent on that debt that makes our debt payment a mere $280 billion and everyone agrees that is okay.  That represents about 8 percent of the total Federal budget.   Historically, we paid 8 percent on our national debt.  That would quadruple the amount spent on debt.  You do the math.  What would the debt payment be at 8 percent on a $24 trillion deficit?
The more you tax, the more you grow government, the more of the GDP allocated to government, the smaller the productive economy and the higher the tax rate to pay for this massive debt.  This is why some legislators are screaming about debt and wanting a balanced budget!  The “compromise” reached by Democrats and Republicans did not limit spending but merely the size of the increase in deficit spending.

So what does this mean?  Bottom line it means massive tax increases if the administration has its way or massive cuts in government programs such as the military, Social Security, Medicare, Medicaid and Education.

The question you all may have is how did we get into this situation?  Where has all the money gone?  What about the stimulus and bailouts?  According to Bloomberg News in 2008, the total bank bailout amounted to $8.5 trillion.  According to the first audit ever done in the 99 year history of the Federal Reserve, they loaned over $16 trillion to US and foreign banks.  Now think about it, the federal banking system is run by a private banking cartel called “The Federal Reserve” which oversees our financial system made up of dollars – those little greenbacks that are backed by the “full faith and credit of the United States of America.”  We’ve heard those words before but what do they really mean?  “We the people” are the ones backing these huge loans.  Please read this article about the “Greatest Bank Robbery”.  For more information on the Federal Reserve, please see the article I wrote some years ago [ Modern Alchemy: The Money Illusion ].

Some of you may think that I am contradicting myself.  How can I say America is strong when it is destroying itself?  There are two answers to this question.  First, America is still golden to the rest of the world.  In spite of the downgrade in the credit rating, interest rates have gone down rather than up and the world is flocking to buy our debt.  Second, it would appear that the long term plan is to destroy all fiat currency and come up with some kind of digital world currency in order to help establish the New World Order.  It is also impoverishing those of us in the middle while the rich seem to grow richer.

Where do We Go from Here?

I would remind Christians that the book of Revelation clearly indicates that there will be an increasing gap between the rich and the poor, a subject I explored in great detail in the chapter on the four horses of the apocalypse.  Please see the section on the black horse.  Most Christians are also familiar with the absolute control the Antichrist establishes by requiring everyone to take the Mark of the Beast in order to buy or sell (Revelation 13:13-17) so the end of the age will have not only a one world government but a one world economy – talk about going global!

There is some truth to the debt crisis, but like most crisis in America this is manufactured, apparently designed to rob from the tax payers.  We are not a PIGIE.  We do not have the tremendous population pressure experienced by China or India, pressures that will eventually tear them apart and stall their miracle economies.  America still has tremendous natural resources and a population that is being molded into a patriotic frenzy that highlights America’s “Manifest Destiny” to save the world (whether they want saving or not).  There will soon be another Middle East war in Israel, a defense treaty with Israel, followed by a more massive civilization conflict between the Islamic and post-Christian worlds and the ultimate rise again of China and the powers to the East as armies mass for the final conflict in the battle of Armageddon.  We know the sequence of events.

Meanwhile, don’t trust in your 401K’s, your IRAs, pensions, investment or even gold.  The world is having birth pangs and a new era is about to begin.  Unfortunately, the Laodicean Church will be found Lukewarm and asleep in their “blessed rapture hope” of escape.  We are closer than we think and it is no coincidence that the year 2012 finds prominence throughout the world, and, as you will soon see, even in the sacred Scriptures.  Doug is about to present some earth shattering revelations.  Now is the time to not look to Mammon or anything in this world for our salvation, but to get out of the little box that has programmed our minds and open our hearts and minds to fresh revelation that God desperately wants to share with us – that generation spoken of in Daniel 12 that has a “need to know” what is coming down and why.  This is the generation of destiny, of sacrifice and of glory.  We need to humble ourselves before Him and present ourselves a holy sacrifice and let Him speak to us and reveal His purposes to us.

Copyright Dene McGriff
August 11, 2011 Sacramento

from:    http://blog.world-mysteries.com/ancient-writings/modern-alchemy-the-money-illusion/