More woes for the “U.S. Dollar”, as reported at Reuters.
AMSTERDAM (Reuters) - The U.S. dollar’s value is dropping so fast against the euro that small currency outlets in Amsterdam are turning away tourists seeking to sell their dollars for local money while on vacation in the Netherlands.
A true Constitutional “American Dollar” (as Ron Paul supports by proposing H.R. 2755: Federal Reserve Board Abolition Act) and the “American” economy would not experience such troubles as these would not be in the hands of, and orchestrated by, a handful of elite private bankers leading America to a NWO Tyranny. This “economic terrorism” must come to an end.
An interesting article at UrbanSurvival.com about the Fed Moves over the last week with regard to the “economy.” And as more and more people come to understand the trouble that lay ahead the “elite” continue to rape the taxpayers without fear of retribution. Here are a couple of excerpts from the article. Please click the link below to read the full article and roam the site for more interesting news.
With the interest rate cuts Tuesday the FED has now done 5 actions in ONE week!! UNPRECEDENTED in my memory (which unfortunately is longer than I wish it was)
Tues 3/11: Helicopter drop of $200 Billion Dollars into the banking system Fri 3/14: Helicopter drop of unknown amount of $$ into Bears Stearns via Chase Bank Sun 3/16: Helicopter drop of additional $30 Billion Dollars into Bears Stearns via Chase Bank Sun 3/16: 1/4 point rate cut Tues 3/18: 3/4 point rate cut
And the taxpayers footing the bill:
VOILA … since they did not file bankruptcy, but were instead “sold” for a mere $250 million (1/4 the value of their NYC office building) , the TAXPAYER, via the FED, ends up footing the MULTI BILLIONS DOLLARS in costs and expenses that would otherwise have been paid out of those returned Bonuses!!
In other words … and I am somewhat LIVID on this one: The Taxpayers GAVE those high paid INDIVIDUAL Wall Street Bankers at Bear Stearns a departing PERSONAL GIFT OF SEVERAL BILLION DOLLARS by allowing this deal to be structured as it was!!
Looking at the landscape - “putting two and two together” - I have made the prediction to several friends that September of this Year ( 2008 ) would tell the story. In anticipation of a “national emergency” that may keep the current administration at the reigns of the U.S. government and the event that certain legislation has been passed into law to pave the way for armed suppression of the American People via martial law I chose the economy and predicted September - 2 months prior to the General Election for Office of the President.
This prediction is now supported by the Global Europe Anticipation Bulletin (available at a cost of $300.00 annually):
“The end of the third quarter of 2008 (thus late September, a mere seven months from now) will be marked by a new tipping point in the unfolding of the global systemic crisis.
“At that time indeed, the cumulated impact of the various sequences of the crisis will reach its maximum strength and affect decisively the very heart of the systems concerned, on the front line of which (is) the United States, epicentre of the current crisis.
“In the United States, this new tipping point will translate into - get this - a collapse of the real economy, (the) final socio-economic stage of the serial bursting of the housing and financial bubbles and of the pursuance of the U.S. dollar fall. The collapse of U.S. real economy means the virtual freeze of the American economic machinery: private and public bankruptcies in large numbers, companies and public services closing down.”
We still have an opportunity to avert or alleviate this coming event. There are many GOP delegates whose votes have been freed up as those candidates have bowed out of the race and endorsed McCain. Those delegates can now vote their conscience. Even though the Mainstream Media is reluctant to report the fact that there are still TWO (2) candidates running in the GOP primary, many of those delegates are aware that they have a choice between the neo-con McCain and the Constitutionalist Ron Paul.
Ron Paul is the only viable candidate and the only candidate that offers any sort of plan to deal with the coming Economic Collapse. We still have a great work ahead of us if we are to avert or alleviate the troubles we face. In the hopes that the economy will hold tough until after the General Election - let us continue the work.
We have all seen the disrespect Ron Paul has received. The snickers of other candidates and way out of line comments regarding Congressman Pauls Foreign Policy Position during debates is most disturbing. Even worse is the Media’s ridicule, their misreporting of facts and lack of true in depth coverage … or even coverage that is anything slightly close to what the other candidates receive.
But there is a darker side to all of this. All of the other candidates and the Media are either keeping a secret from you or they are totally in the dark about the serious trouble the U.S. economy is in.
In the previous post it is mentioned that candidates will spend more regardless of the huge deficit the U.S. now has. The Democratic side, Hillary in particular, wants to initiate all sorts of new socialistic programs which is gathering the vote of the poor who may not be aware that they will only be hurt immensely if they dare to ask the government for anything more. The Republicans are not all that conservative either it seems. The War and military build up, programs that will shred your privacy and steal your liberty are high on their agenda. And let’s not forget that it will be business as usual with both parties: Foreign Aid will continue, the Welfare state will continue and you will continue to pay for all of it.
But Ron Paul is Right on the “Money”. Ron Paul is speaking out and warning the American People about the predicament they are in and giving them the only options they have. Ron Paul is not only the only candidate that has offered a “fix” but he is the only candidate that seems to have a clue. He is the only candidate that is willing to offer the hard medicine needed to undo the damage that has been caused by a Congress that has over stepped the bounds of their authority.
He has brought up the fact that over 70 million baby boomers will soon be added to the Social Security Retirement system, that there is no money to fund entitlement programs, that inflation is actually much more than actually reported and that these trends will continue as politicians feed voters their “feel good” messages instead of speaking out about the issue and of the undeniable fact that if hard choices are not made now the U.S. economy will simply collapse.
When Ron Paul speaks of the economy, currency devaluation, and overextending obligations he speaks of a priority issue for this nation. This nation cannot and will not stand if this is not brought to the forefront and dealt with. We deserve, at the very least, an honest and open discussion of this issue by all the candidates. If they won’t discuss it and bring serious options to the table - they don’t deserve your vote.
Again, in the previous post you heard Comptroller General David Walker speak regarding the trouble the economy faces. Ron Paul is not a “lone wolf” when it comes to this issue. And you can only agree that Congressman Paul’s assessment of the economic situation is highly accurate (right on the “money”) in light of what David Walker states.
David Walker’s tune isn’t changing any time too soon. Here he is again, speaking of the looming fiscal crisis the U.S. faces.
U.S. Headed for Fiscal Crisis?
60 Minutes Summary by Steve Kroft
And Ron Paul on the Korelin Economics Report: The Truth about the Economy: Total Collapse
The economic troubles faced by the U.S. can be dealt with. The U.S. must get back on track with the Constitution and steer away from Globalism and those politicians that are friends of it. The best medicine for this looming crisis is a vote for Congressman Ron Paul.
I would like to take this time to acknowledge a man for all that he has contributed on my path to Truth. Prof. Jim and I have known each other for quite a few years now and we have had differing perspectives on some issues but have always agreed on the basic foundations of the truth of those issues.
Once again the Prof. has brought something of importance to my attention that coincides with a great many other issues we have researched together. Please read the email below and visit Barbara Ann Jacksons website.Thank You, Prof.
Representation about $$$ billion dollar losses due to people defaulting on mortgages should be weighed against the fact that Freddie Mac and Wells Fargo needlessly pay DEBT COLLECTION firms outrageous legal fees for corporate lawyers to outmaneuver -and even persecute people who file court proceedings in opposition to fraudulent foreclosures.
FORECLOSURE FRAUD enables MORTGAGE LENDERS to ILLEGALLY FLIP properties. It is HIGHLY COMMON for a DEBT COLLECTOR attorney to file a foreclosure naming a DEFUNCT mortgage company, or naming a mortgage company which is NO LONGER holder of the promissory note; or file a foreclosure affixing a “ransom” amount (the collector’s fee) far exceeding the “Acceleration Clause.”
A long overdue call to IMPEACH federal Judge Thomas Porteous came on December 20th.Associatively, New Orleans judicial corruption has long become manifest by the deliberate modes the courts enable attorneys to APPROPRIATE UNLAWFULLY real estate from scores of defaulted borrowers.
Despite a property owner’s entitlement to Challenge CONTRARY-TO-LAW loss of his / her home, most property owners lack legal knowledge, the Court System is REFRACTORY; and there are limited attorneys with Consumer Law acumen. Undeniable facts and evidence such as court transcripts, pleadings, documents, and other overwhelming PROOF of accusations I am writing in this email is posted at www.lawgrace.org.
Although judicial impropriety is a common problem, the FORECLOSURE CRISIS & NATIONWIDE MORTGAGE MESS WILL BE POSITIVELY IMPACTED from examining real estate & mortgage racketeering schemes being OPENLY conducted by mortgage giants like these. Please see for yourself! Even see how the courts issue rulings in favor of non-existent / never-served parties, AND MORE!
In fact, the longstanding, brazen conduct of federal Judge Porteous is consistent with how things are generally done within the Eastern District Federal Court System, located in New Orleans; of which the Federal 5th Circuit and the supreme court of Louisiana are also located in quid pro quo New Orleans.
If it appears I have an axe to grind; I do, as I think of lives and businesses that have become irreparably harmed because judges take bribes or refuse to apply established laws. However, my meager efforts are intended for purposes of doing what I can to make a difference for social good.
Because FOR MORE THAN A YEAR, I have been emailing most of you, I hope you might’ve noticed or even verified some of the INFO I’ve been sharing.NOW, if any of what I submitted seems to have any merit, would you please consider helping by circulating my email or calling attention to my website or EVEN TALKING ABOUT MY STORY(to media, legislators, Congresspersons, WHOMEVER!)?Among other things, I feel certain it will cause more broader examination and answers for the NATIONWIDE MORTGAGE MESS, and various factors affecting the economy and social conditions. (Also, it might help my ongoing public appeal for legal representation.) Thanks in advance.
