The Beginning of Woes

In an article posted over at American Vision, Joel McDurmon related the following:

At a conference last spring I sat on the speakers’ panel for Q&A from the audience. Unscripted Q&A is one of my favorite moments at conferences—you never know what’s coming, exactly. During what followed someone asked (paraphrasing), “At what point did things go wrong in America?” He certainly had in mind the slide into tyranny we have experienced since our beloved founders. My response, I think, shocked some.

How would you answer that question? When the Supreme Court allowed abortion under Roe v. Wade 1973)? When the Supreme Court banned prayer (Engel v. Vitale, 1962) & Scripture (Abinton County School District v. Schempp, 1963) from the public schools? Maybe when they stopped producing the Andy Griffith show?

Here is McDurmon's answer -- and for the record, I agree with him:

Since we had just been discussing the issue of Lincoln and States’ rights in passing, the anticipated answer was “The Civil War.” I went back even further to the first great advance of tyranny: “The Constitutional Convention.”

There were a couple head nods (surely these had read something like Gary North’s Political Polytheism), but for the most part there was silence with several looks of surprise.

Interested to know why? Click here to read the article.

Judgment on America? - 5

One of the signs Lindsey Williams in his January videos said to watch for was the number of bank closings. He said that the insider plan is that withing 2 years, 9 banks will end up in control of all banking in the U.S.

Here is the site where the FDIC lists all banks that have failed since the year 2000. Scan down the page to see how many failures there were from 2000 to 20009 compared to this year. FAILED BANK LIST

Here is the next video in the series:



Disclaimer:While I believe the information presented is primarily factual, I cannot guarantee everything predicted, nor can I be responsible for what you do with this information.

Also, there are certain interpretations and opinions expressed by Lindsey Williams that I emphatically DO NOT ENDORSE. Among them are his views on the inspiration and inerrancy of the King James Version; the idea that certain Bible prophecies refer specifically to America; the idea that the elite can control the weather (the jury's still out on that one); the cultic view that the U.S. Constitution is an inspired scripture; etc.

Judgment on America? - 4

Here is the next video in the series by Lindsey Williams.

A recent article by Gary North underscores the fact that insiders control the actions of the civil government from behind the scenes:

So, here we are again, with a banking reform

plan in front of Congress. If this bill passes, new

power will be given to the Federal Reserve System.

But wait! Wasn't the Federal Reserve System set up

in 1914 as the institution that would end recessions

as bad as the "bankers' panic" of 1907? Wasn't it

also given the authority to establish a stable

dollar? Then why have we had so many recessions?

Why has the dollar declined by 95%?

Every reform gives us more of the same. Every

reform promises to save capitalism from itself. It

then transfers more power to the Treasury

Department, which in 2008 became widely known as a

wholly owned subsidiary of Goldman Sachs.

Disclaimer:While I believe the information presented is primarily factual, I cannot guarantee everything predicted, nor can I be responsible for what you do with this information.

Also, there are certain interpretations and opinions expressed by Lindsey Williams that I emphatically DO NOT ENDORSE. Among them are his views on the inspiration and inerrancy of the King James Version; the idea that certain Bible prophecies refer specifically to America; the idea that the elite can control the weather (the jury's still out on that one); the cultic view that the U.S. Constitution is an inspired scripture; etc.

The Second Wave: ARM's

From now to the end of the year, an increasing number of adjustable rate mortgages (ARM's) will reset to higher interest rates. This will mean huge increases in monthly mortgage payments in a very tight economy. Many would-be homeowners will not be able to make those payments.

The video below shows a chart of when these ARM's are scheduled to reset. Pause the video there & study it.

The rate climbs from now to the end of 2009, and then it drops off a little in January/February 2010. Then it begins to expand at an almost exponential rate.

Since someone normally must fall three months behind before the bank forecloses, I would guess that we will see foreclosures begin to accelerate in January, 2010.

Pravda on American Communism

An article by Mat Rodina in the online version of Russia's Pravda hits the nail on the head. It is about America's rapid descent from a quasi-free market into full-blown Marxism.

(WARNING: There may be nude photos on the page promoting other stories.)

Rodina has evidently done his homework, for he says,

. . . [T]he situation has been well prepared on and off for the past century, especially the past twenty years. The initial testing grounds was conducted upon our Holy Russia and a bloody test it was.

Those words tell me that he knows the connection between Wall Street and the Bolshevik Revolution. It would surprise me if more than a few of the readers of this blog know anything that reality.

He continues:

These past two weeks have been the most breath taking of all. First came the announcement of a planned redesign of the American Byzantine tax system, by the very thieves who used it to bankroll their thefts, loses and swindles of hundreds of billions of dollars. These make our Russian oligarchs look little more then ordinary street thugs, in comparison.

Modina also knows the power behind the Federal Reserve -- again, something that few Americans know or care about:

These men, of course, are not an elected panel but made up of appointees picked from the very financial oligarchs and their henchmen who are now gorging themselves on trillions of American dollars, in one bailout after another. They are also usurping the rights, duties and powers of the American congress (parliament). Again, congress has put up little more then a whimper to their masters.

He ends with a sad prediction:

The proud American will go down into his slavery with out a fight, beating his chest and proclaiming to the world, how free he really is. The world will only snicker.

This comes from a land where people know Communism when they see it.

The vast majority of Americans have no idea that this land has fallen to Communism, nor do they want to know.

Ron Paul: Abolish the Fed

Apropos of Tuesday's post, I received the following email from rpc today:

Subject: Let's jump on this: The Federal Reserve Board Abolition Act, H.R. 833.

He has done it.
He needs cosponsors.
The iron is warm. Let's heat it up.
There are more of us.
He is working for us and he is a courageous man.
Stand with him.
The next generations are amongst us. I don't want them to live under tyrants.
GJF
Ron Paul
Before the US House of Representatives, February 4, 2009, introducing the The Federal Reserve Board Abolition Act, H.R. 833.

Madame Speaker, I rise to introduce legislation to restore financial stability to America's economy by abolishing the Federal Reserve. Since the creation of the Federal Reserve, middle and working-class Americans have been victimized by a boom-and-bust monetary policy. In addition, most Americans have suffered a steadily eroding purchasing power because of the Federal Reserve's inflationary policies. This represents a real, if hidden, tax imposed on the American people.

From the Great Depression, to the stagflation of the seventies, to the current economic crisis caused by the housing bubble, every economic downturn suffered by this country over the past century can be traced to Federal Reserve policy. The Fed has followed a consistent policy of flooding the economy with easy money, leading to a misallocation of resources and an artificial "boom" followed by a recession or depression when the Fed-created bubble bursts.

With a stable currency, American exporters will no longer be held hostage to an erratic monetary policy. Stabilizing the currency will also give Americans new incentives to save as they will no longer have to fear inflation eroding their savings. Those members concerned about increasing America's exports or the low rate of savings should be enthusiastic supporters of this legislation.

Though the Federal Reserve policy harms the average American, it benefits those in a position to take advantage of the cycles in monetary policy. The main beneficiaries are those who receive access to artificially inflated money and/or credit before the inflationary effects of the policy impact the entire economy. Federal Reserve policies also benefit big spending politicians who use the inflated currency created by the Fed to hide the true costs of the welfare-warfare state. It is time for Congress to put the interests of the American people ahead of special interests and their own appetite for big government.

Abolishing the Federal Reserve will allow Congress to reassert its constitutional authority over monetary policy. The United States Constitution grants to Congress the authority to coin money and regulate the value of the currency. The Constitution does not give Congress the authority to delegate control over monetary policy to a central bank. Furthermore, the Constitution certainly does not empower the federal government to erode the American standard of living via an inflationary monetary policy.

In fact, Congress' constitutional mandate regarding monetary policy should only permit currency backed by stable commodities such as silver and gold to be used as legal tender. Therefore, abolishing the Federal Reserve and returning to a constitutional system will enable America to return to the type of monetary system envisioned by our nation's founders: one where the value of money is consistent because it is tied to a commodity such as gold. Such a monetary system is the basis of a true free-market economy.

In conclusion, Mr. Speaker, I urge my colleagues to stand up for working Americans by putting an end to the manipulation of the money supply which erodes Americans' standard of living, enlarges big government, and enriches well-connected elites, by cosponsoring my legislation to abolish the Federal Reserve.

Money, Banking and the Federal Reserve

This video presents an outstanding explanation of money and fractional reserve banking along with an accurate account of the Federal Reserve's founding. Many do not realize that from its inception, the Fed has existed to benefit the few at the expense of the many.

Although the video is rather long (about 41 minutes), its educational value makes it well worth the watch.

The Banking Crisis

Thanks to Gary North for drawing the following video to my attention. I even like the music up until about halfway through.