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Nov. 2011-Feb. 2012  | Fall-Winter Issue  | Vol. 7, No. 23


The Fallacy of A World Reserve Currency In A Global Economy

    Why is the "Federal" Reserve "dollar" worth so little in America while being so seemingly "valuable" in third world countries?

    In other words, how can foreigners earn less than a tenth of what American's do, yet have double or more buying power from their earnings?

    The answer to these piercing questions explains the error of outsourcing work via the Internet to foreign countries, and the lure of it even though it hurts America's economy and forces most Americans to make up to ten times the work effort, to accomplish the same economic rewards, as their counterparts in third world countries.

    There are, of course, Americans who are less affected by this situation (owners of businesses and entrepreneurs), however they only add to the fallacy by teaching others to do as they, by outsourcing even more work to virtual assistants in other countries.

What Is The Fallacy?

    The error of a "world reserve currency" is based upon a correct understanding of the nature of fiat currency and what makes it appear to be valuable, or lose value through inflation.

    America once had a fiat currency before the Revolutionary War for independence from England, called the Continental.

    It was gradually cheapened, and finally destroyed, by the dumping of counterfeit bills from Great Britain, in an attempt to undermine the revolutionary economy of America through forced inflation.

    Finally the saying "not worth a Continental" became a reality, and this currency was eventually dumped in favor of a redeemable currency.

    Fiat simply means "decree or order," which in reference to money is an inconvertible paper money that is made "legal tender" by a government decree, statute or law.

    Inconvertible means that there is no provision to redeem said fiat money in specie, which are usually coins made from precious metal, such as gold or silver (real) dollars.

    Money that is convertible is called redeemable, because its says that it is, on its face, and is an obligation by the government to back its currency with valuable substance, rather than nothing of real substance other than the confidence people have in a fiat currency's perceived value (a true confidence game).

    Perceived value can, of course, affect specie, such as when attempts are made to corner or manipulate gold or silver markets (such as by selling and trading stocks or bonds that supposedly represent stored reserves of either of these precious metals that don't in fact exist, and reinforcing this deception by charging "storage fees" on the non-existent stores; which is how the silver market value has been artificially suppressed by bankers for decades now).

    This criminal activity has been encouraged and condoned by a complicit government anxious to conceal a collapsing economy from the citizens being increasingly hurt by its deceptive lures of riches and luxury.

    All of which begs the question of why things are so bad in America, while around the world in many third world countries their citizens are able to thrive and compete, through businesses and the Internet, in unfair competition with Americans.

Value For What?

    Many Americans believe and try to live by the "win-win" motto, which simply means that nobody is supposed to lose or be hurt in any given situation.

    Businesses are run, and some flourish, based on this precept.

    However in the economy, as in the governments that allow this, the "game" is rigged, so that "win-lose" is the prevalent and dominant reality.

    Americans lose while foreigners win, for instance, in the global economy.

    Bankers also win at the expense of those who blindly trust that the government is in control or even cares to ensure they are run honestly and with integrity.

    Nothing is further from the truth, in the real world of banksterism gone mad.

    Inflation is what robs most Americans of their savings and spending power, yet very few of those being adversely affected by this even know why, or what they can do to stop it.

    Most career politicians are also ignorant and could care less, so long as their own, and those of their cronies in political crimes', nests are well-feathered (at the cost of America's growing impoverished peoples who have foolishly trusted their political leaders to look after their interests).

    Corporate and special interest lobbies are first at the Washington feeding troughs, and only what slops over is left for the average American to try and survive on the best they can.

Selective Inflation

    What is selective inflation?

    Before you can understand the answer to this, you must first know what inflation really is and what actually causes it.

    Consider how gold was inflated in Spain as a result of the conquest of central America, or a similar situation during the Gold Rush days in California.

    Inflation simply means that when the supply of anything is increased its perceived and actual value is thereby diminished.

    Something commonplace and easily obtained, like air or water for instance, has little perceived value.

    However when that same thing becomes scarce, like water in a desert or oxygen in space, it suddenly has increased value, due to a crying need for it that is harder to satisfy.

    The economy of Spain was ruined by a surfeit of gold, just as most prospectors in California during the Gold Rush were impoverished by rampant inflation (especially in the cost of tools, food and other necessary supplies).

    It was not uncommon, then, to trade what would today be considered a king's ransom in solid gold objects, dust or nuggets for a loaf of bread, a shovel or a mule.

    Those enriched by this inflation were the traders selling these needed items, who took advantage of the growing scarcity in supplies by importing them from other areas, where their value was still more or less normal, compared to the area affected by the inflation.

    Consider fiat paper currency as a commodity that also can have different inflationary values in different areas, depending on the local inflationary conditions, and you'll begin to see the fallacy in a world reserve fiat currency!

Bad For Us -- Good For Them?

    The Yasraelite tribe of Ephraim is a prophetic type of modern America, and one prophecy related to it in particular has bearing on what is happening in America today:

    "Foreigners sap his strength but he does not realize it.... They sow the wind and reap the whirlwind. The stalk has no head; it will produce no flour. Were it to yield grain, foreigners would swallow it up. Yasrael is swallowed up; now she is among the nations like a worthless thing. ...they have sold themselves among the nations..." ("Hosea" 7:9, 8:7-8, 10).

    How has this come to pass?

    The "world reserve currency" being the unAmerican "Federal" Reserve fiat "dollar" is precisely the reason and cause of all the economic woes presently being suffered by Americans.

    This article won't change that, because so few are paying attention to any of the increasingly rare voices of reason in this age.

    Were they to read this, most Americans would simply shrug their shoulders, assume there is nothing they could do about it, and blindly return to their bread and circuses entertainments as usual.

    It wasn't Nero who fiddled around while ancient Rome "burned" economically, it was the ordinary everyday Roman citizen who let freedom and sanity slip from their grasp so easily!

How Is Inflation Ruining America?

    Inflation is one of those Orwellian-speak words that means everything but what it really means to most Americans, blinded by a news media and politicians subservient to the true masters of corporations and governments alike: the banking associations and partnerships.

    One group of bankers, mostly foreign banks, holding unconstitutional control over America's economy through the treasonous "Federal" Reserve Act, owns the foreign fiat "dollar" and has used it as a world reserve currency, in defiance of Americans' right to a sound and secure economy.

    Inflation is the means by which they have manipulated and controlled the planned destruction of America through ongoing economic chicanery, gradually over the course of the past century.

    In reality, despite what fool "economists" teach or claim, monetary inflation is caused by only one thing, printing and circulating an ever-larger supply of fiat currency (inflation), thereby lowering its perceived value in the marketplace, giving full current value to those first in line at the money troughs while robbing those last in line, with incomes, savings or fixed retirement incomes in "dollars" with an ever-deflating value.

    Meanwhile, overseas, where "dollars" are less commonplace, the perceived value is greater due to their relative scarcity.

    This explains why and how a single "dollar" can support a family and provide all their necessities for a day or even a week in some foreign countries, while buying less and less in America itself.

    This situation is ruining America by trashing its economy, due to outsourcing businesses and most manufacturing, all the more so as Internet-based digital or virtual services are increasingly competing with Americans in a global marketplace.

    As a result, Americans are scrounging around desperately, while the value of their work is diminished in unfair competition with foreign labor pools of increasing wealth and prosperity, fueled by this modern form of highway robbery!

America's Increasing Prison Economy

    Until the majority of Americans realize -- as president Andrew Jackson once did -- that it isn't governments or corporations, as such, that are a major threat to their well-being, but rather it is the banks that own or control the major interest in their stocks, bonds and similar securities that are the real source of all our economic troubles, Americans will continue to suffer economic travails!

    Everything is being done for the profit of these banks, and major corporations, by running the governments of America in a prison-for-profits scheme, railroading an increasing number of Americans through the criminal (in)justice system into various forms of profitable (mostly private for profit) prisons, from jails to transport prisons, ankle bracelets, "house arrests," and parole for long periods of time (mostly run by the private for-profit Nashville, Tennessee-based Correction Corporation of America).

    All of which profits the governments and courts that sell their bid bonds on each alleged "felony" to the banking system and major corporations (such as Wal-Mart, Exxon, General Motors, Ford Motors, Texaco, IBM, Hewlett Packard, Verizon, UPS, and City Corp, among others) that invest in these "blood money" for obscene profits securities, using forced labor (slavery) while abusing, starving and malnourishing prisoners, sometimes literally to death.

    Most of the so-called "crimes" are victimless alleged infringements on some government assumed "sovereignty," that is predicated upon Admiralty contract law through assumed but invisible adhesion "contracts," presumed by the complicit courts to exist in the absence of denial or refusal of consent.

    All of which is sold to foreign nations, such as China, Japan and others, who essentially own and abuse Americans as their private chattel for profit (like cattle, but often treated worse, and with far more cruelty, than feedlot stock).

    The influx of foreign-held "dollars" to feed this voracious whore-like rape of America is how so many foreign wars can be afforded, while an increasing number of Americans are held prisoners by what amounts to a modern slave auction block!

A "Dollar's" True Value

    What is a "dollar" really worth today?

    What is a "Federal" Reserve note, in relation to the assumed adhesion contracts that are entrapping so many Americans in this prison-for-profits scheme?

    One thing such "dollars" are not is actual payment for goods or services, which is why that word is never found on the face of such instruments.

    Instead, these "dollars" all say they are "FOR ALL DEBTS PUBLIC AND PRIVATE," which is just another way of saying they are IOUs that create and sustain debt, while preventing the actual payment of debts with anything of real substance!

    These IOUs belonging to the "Federal" Reserve (the name at the top of each note), are promised by the "United States of America" (often a banking institution such as A.G. Edwards, Paine Webber, Merrill Lynch or others, who is the actual secured party posing under that "name" in lawsuits, or whatever "STATE" is allegedly the plaintiff, in all legal actions involving statute "law" under Admiralty-assumed contractual jurisdiction).

    Admiralty is the war-time or "national emergency" equivalent of maritime law, which is brought inland under assumed contracts that deal with this form of contractual law, much as the beast power of Revelation 13:1 arises out of the sea, where it joins the beast out of the earth (governmental deception, embodied or empowered by the judiciary or courts, enforcing the religious-like "patriotic" awe, reverence and worship of supposed government supremacy in all things; verses 11-12), in trampling the rights of we the people under their bestial hob-nailed heels!

    All "dollars" are signed by both the Treasurer and the Secretary of the Treasury as officers of the American "corporation" promising the substance, national resources and labor of hard-working Americans (those increasingly few who still believe in and honor the work ethic), and future earnings of Americans yet unborn, to pay for these profligate and deceitful securities!

    Everything such "dollars" are used for is assumed to belong to the "creditor" who issued the notes, thereby tainting everything and everyone they touch with this hidden, but very real -- in the eyes of judges -- liens predicated on an assumed and invisible adhesion debt contract.

    When you consider how your children, grand-children and their future children will be made to pay for all this through increased involuntary servitude, how much "value" do you now perceive a "dollar" to have (all the more so the larger its denomination, or domination)?

"Freedom" Anyone?

    All those striving for freedom from this bestial monstrosity, who buy and sell with the beast's name ("Federal" Reserve) and number (serial numbered bills, registered birth certificate numbers and dates of birth, social insecurity numbers), is like a prisoner in a paddy wagon shouting how "free" he is because he can still feel the wind in his face!

    True freedom comes only when the worship of the "almighty dollar" ends, and Americans wake up to the fact that nothing about the foreign world reserve currency "Federal" Reserve "dollar" is patriotic, no matter whose pictures they put on these IOU bill obligations that enslave us!

    Whether or not that day comes before the final fall of America remains to be seen. Sadly, not enough of the public seems capable of embracing the wisdom behind the truth that paper fiat "dollars" are toxic to the economy and, like any toxic waste being spilled on land or water, need to be carefully cleaned up and eliminated to prevent any further harm.

    America's present prison population, the largest per capita in the world, puts the lie to the usual "liberty and freedom" delusions most Americans literally labor under.

    If this is your idea of "freedom" then perhaps you deserve all of it you can get! Hopefully you're more intelligent than that.

A Worldwide Fallacy

    Economists are mostly those who prosper from the economically hurtful lies they tell their fellow Americans; lies that are being promulgated and promoted to America by its own fool "news" media and governments (manipulated by their bankster and special corporate lobbyist controlling interests).

    The evils of this present bestial system -- run by, for and on behalf of the banksters and their treasonous legislative (presidential), congressional, and judicial cronies in crime -- are being visited on a growing number of once prosperous "first world" nations.

    These are being increasingly robbed, while the poor countries remain poor -- often raped through military conquests for whatever natural resources they might have possessed -- in a world gone insane worshipping this great and calamitous evil holding the entire world enthralled by its "magical" monetary deceptions, delusions, and religion-like hypnotic control (Revelation 13:8).

    That is the major world-destroying fallacy underlying the "new" global economy racket -- a world undermined, cheapened, manipulated and robbed by the world reserve currency "dollar" on behalf of its bestial masters, the money changers, usurers and banksters!

Finally A Real Solution?

    Many wrongly believe that gold and silver are the answer to the problem of fiat currency.

    That simply isn't so.

    Paper and even "plastic" or digital currencies all exist because of the crying need for a barter go-between.

    All transactions are based on barter, at their most elemental level.

    You need something someone else has for sale, but they don't necessarily need what you have to trade.

    Someone else does, but they may well be two or three transactions removed from your trade. So it makes sense to use some valuable consideration that is acceptable to all parties, that can be traded across the board for the same relative value regardless of the transaction.

    The problem arises when this involves IOUs, especially those that are not honored for anything other than other IOUs, the number of which is manipulated and increased or decreased at will by the issuing party.

    Inflation is nothing less than an unlawful, duplicitous and deceitful tax robbing each new holder of the inflated currency of a piece of their former purchasing ability.

    Passed around enough times, and the last in line to receive these increasingly worthless securities might as well have been robbed -- a little here, a little there, all adding up to a massive whole -- by a gang of bandits, and left bleeding by the side of the road in a land where the passersby not only could care less, they go out of their way to bypass the victims!

    There has to be a real solution, and sure enough there is, but most people are loathe to consider it, much less put it into action.

Honest Money

    There is one thing lacking in all current monetary systems, without which honest money is simply impossible to achieve.

    It isn't trust -- there's simply too much blind trust in the present flawed and corrupt system for that to be the answer.

    It certainly isn't found in governments of men, all of which to one degree or another have proven themselves to be anything but the people's protectors and trustworthy guides, capable of seeing where they are leading everyone foolish enough to blindly follow them.

    The answer is found in scripture, the last outpost on the road to perdition in this hedonistic age of sycophants, tyrants, and petty, massively dangerous bureaucrats of all stripes (otherwise called "counter trolls" by those of the public who have had many adverse dealings with these often belligerent, deceitful and obstructive so-called "public servants").

    There you will find multiple warnings against having or using deceitful weights, measures or standards (see, for instance: Leviticus 19:35-36; Deuteronomy 25:13-16; Proverbs 11:1; 16:11, 20:10, 23; "Amos" 8:5-6; and Micah 6:10-12; "Matthew" 21:12-13; Mark 11:15-17; Luke 19:45-46; "John" 2:14-16).

    Dishonesty is a fruit of the wicked, and completely contrary to any true civilization, yet fraud and deceit are more prevalent today -- even, or especially, in the courts -- than ever before in history!

Big Government + Big Business = Big Fraud

    How does this affect money in our present economy?

    Consider a real silver dollar, which is one ounce of pure .999 fine silver minted into a coin, bearing the value inscription "One Dollar" on its face.

    This is honest money, so far as it is circulated as such. However today it is simply an anachronism to remind us of a less deceitful time.

    It is also evidence of blatant monetary fraud, when you consider the paper currency that also bears the words "One Dollar" (or any multiple thereof), which is now so cheapened that more than 40 of these cannot buy you one real silver dollar through a money changer (now called "coin dealer," numismatist, or coin collector).

    The fact that there are two "dollars," one large (silver, real value) and one small (deceitful paper IOU, valueless in the long run), and the fact that the cunning and enslaving fraud "dollar" is widely circulated while the valuable coin dollar, or paper notes redeemable in this specie, is not in circulation, is evidence that America is blatantly violating these commandments against such thievery.

    And whatever the government does to its citizens, they in turn learn by example and experience, to imitate, follow, condone and commit against one another on a daily basis.

    No wonder "big" business, as usual, has degenerated into a den of thieves and robbers, bilking, stealing and defrauding the public on a massive and ongoing scale.

    Nowhere is this more evident than in banking itself, as epitomized by all the commodities, stocks and bonds "investment" markets schemes to "make out like a bandit" at someone, or everyone, else's expense!

Where Do We Go From Here?

    Either the nation as a whole suddenly repents, converts from its heathen and greedy ways to an honest, reliable and trustworthy example worthy of respect, or it will continue to garner ill-earned disrespect, distrust and enemies around the world, until the weight of all these troubles swamps and drowns us in a tsunami of violence, bloodshed and destruction.

    There is no other alternative, no other choices available to us!

    Either the entire nation awakes from its stuporous nightmare of false patriotic worship of great evils that will eventually destroy us, or we continue down the primrose path to self-destruction.

    There is simply nowhere left in the world to turn for salvation from our own avarice, antipathy and violence, other than individual and collective repentance; which means changing from our wicked ways to true righteousness unlike anything taught by nearly all government-tainted religions in this evil end age.

    Falling for the fallacy of a fiat world reserve currency in a global economy, rather than trusting our Creator's perfect Law of Liberty, is the blindness all nations must overcome to survive and see the light of true and lasting prosperity at long last.

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