ONE WORLD CURRENCY ON THE HORIZON?
By Betty Freauf
December
17, 2009
NewsWithViews.com
Who said last February that it was OK with them to produce a new currency to replace the dollar? None other than serial tax evader, our U.S. Treasury Secretary Timothy Geithner and the guy that held his nose when the corporations to big to fail began receiving government bailouts, Federal Reserve chief, Ben Bernanke. In a speech to the Greater Omaha Chamber of Commerce on February 6, 2007 Bernanke warned that rising income inequality in the U.S. “has been evident for at least three decades, if not longer.” [1] Gee, I wonder what caused that? Could it be the Federal Reserve printing money out of thin air causing inflation and the income disparity? And why did the Obama administration fail to invite the National Federation of Independent Businesses (NFIB) and the Chambers to the “Jobs Summit” table held early in December? National Black Chamber of Commerce president, Harry Alford, a guest on Glenn Beck on 12/9 told how unions with big government jobs that pay prevailing wages (40% higher than non-government jobs) discriminate by ignoring minorities for these jobs but instead they bring in workers from 60-70 miles away.
While he didn’t say it, it is common knowledge among union members that they will be reimbursed for food and lodging. And then we learn there is a Federal Prison Industry that is giving 160 prisoners the “green” jobs in one city where 80 other people destined for those jobs were laid off. It seems governments at all levels are producing the most jobs and have the most job security. The Chamber used to appease the United Nations regional administrative government leaders and now the chamber seems to be unwelcome. Those who say Appease, Appease are hung by those they tried to please.
Our Congress has become obsolete. Former Georgia Governor and Congressman Zell Miller in his book, A National Party No More says Washington lawmakers have replaced dogs as best friends in favor of Special Interest Groups and campaign consultants. He says the politicians are regularly petted and fed and they wag their tails and do tricks – the favorite one being “Beg,” but “Lie Down,” “Stay.” “Speak” and “Roll Over” are also favorites. The Special Interest Groups have to keep their pets obedient and performing in order to distort issues they must keep alive in perpetuity in order to make their jobs seem necessary. Our dictator’s Executive Decrees and his czars in charge of all these unconstitutional U.N. administrative governmental agencies are in positions to regulate us to death at random and they now seem to be running our country. Our votes are for cosmetic purposes only.
I’m reminded we’ve been taught the Civil War was fought to free the slaves but an ulterior motive of centralized government in Washington, D.C. was overlooked in our history books. Our Founding Fathers clearly understood that only a citizenry educated in morality and willingly bound by the self-forced chains of virtue can remain free of the chains of tyranny. Radio host Rush Limbaugh would ask, “How is Obama’s Hoax and Chains working for us?” Current centralized government with no checks and balances is returning us to slavery. And for all those “birther”debunkers, on June 27, 2004, the East African Standard Newspaper featured a headline that said: KENYAN-BORN OBAMA ALL SET FOR U.S. SENATE. Obama, at the time, would have said, “Only the president has to be a natural born citizen.”
The February 26, 1968 Dan Smoot Report says prior to the inauguration of Democrat Franklin D. Roosevelt in 1933, the American dollar was fully redeemable. Anyone could take paper money to a bank and exchange it for gold (in coins or bars) at the official rate of $20.67 an ounce. (Current value of gold is approximately $1200 an ounce). Shortly after taking office, Roosevelt, by Executive Decree, forbade the use of gold as currency, forcing Americans to sell their gold to the government, for paper money what could no longer be redeemed. On January 30, 1934, Congress passed Roosevelt’s Gold Reserve Act, officially abolishing our standard gold dollar, prohibiting further gold coinage, and forbidding Americans to use gold as currency and making it impossible for them to redeem paper dollars in gold.
Christopher Weber in his 1988 book “…Good as Gold”? How We Lost Our Gold Reserves and Destroyed the Dollar, said in 1950, U.S. depositories held more gold than had ever been assembled in one place. Throughout the 1950s and ‘60s, the U.S. government exchanged one ounce of gold for $35 – despite the fact that more dollars were being printed than our gold reserves warranted.
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Then in 1971 Republican Richard Nixon closed the gold window by breaking the U.S. treaty commitment to redeem the dollar for gold internationally and in so doing he removed all constraints on the Federal Reserve’s ability to inflate and the government’s ability to pile up endless debts. On August 15, 1971, the U.S. defaulted on its promise to pay gold for dollars. It finally admitted that all the U.S. dollars in existence could not be exchanged for gold at $35 an ounce. There were just too many dollars and too little gold. This realization came too late, for by then 400 million ounces of gold – two-thirds of the nation’s reserves- were gone and seriously damaged our economy. At the same time Nixon also imposed price and wage controls and we’ve seen prices go up more than 350% since that day. (I still have in my possession silver certificates from the 60s that were once redeemable in silver that is now at approximately $18 an ounce) And Nixon, an enthusiastic supporter of the New World Order” signed Executive Order 11647 on 2/10/1972 entered into the Federal Register on 2/12 that divided the U.S. into 10 regions, a step towards that New World Order (One world government). He staffed each of these ten Federal Regional Headquarters with the grant-making agencies of the Federal Government with the authority of allocating so-called Revenue Sharing “free” government money to local units of the government who would jump threw hoops for these freebies; however, how could the federal government give these “Grants” when the Feds have been bankrupt for a long, long time?
Dam Smoot writes the day following January 30, 1934, Roosevelt devalued the paper dollar (the only time this has been done in American history) by declaring the price of gold to be $35 an ounce. This gave the government a windfall “profit” of $2.8 billion, and cheapened the people’s money by 41%. Roosevelt had forced the people to sell at $20.67 an ounce. He then raised an ounce of gold to $35 by the simple act of saying the Treasury would pay that much for gold. Though it prevented Americans from redeeming paper dollars in gold, the Gold Reserve Act of 1934 provided foreign governments and central banking system could sell their paper money to the U.S. Treasury for gold.
Most of the monetary gold reserve was stored at Ft. Knox and it was at that point we began to see our gold reserves depleted. And speaking about “windfall profits,” the certifiable nincompoop who currently holds the position two steps away from the White House, Democrat House Speaker Nancy Pelosi in April 2009 was proposing a windfall tax on retirement income.
In the book “The Secret World of Money” by Andrew Gause, he was asked, “What would happen if the U.S. went into default on the interest payments on our national debt now totaling about $11 trillion but which doesn’t take into consideration all the promised future entitlements which now could easily be over $100 trillion. Perhaps at this time we should compare this disaster with what so many people who spent themselves into debt and have long been just one paycheck away from bankruptcy are now facing. Their homes are what the industry calls “under water” meaning the equity in their homes has been borrowed to the hilt and then the housing market began to deteriorate and they now find themselves with a mortgage payment they can’t meet due to loss of a job and they owe more than their home is worth. As a nation, are we in a similar predicament as these homeowners?
Are their days numbered before they must face the shame of the bankruptcy court and attorney’s fees because they tried to keep up with the Joneses who may also have been “under water” and drowning in debt? The bank will foreclose on the homes of these common folks who faithfully paid their taxes and the bank will try to salvage as much as they can from the home if they can sell it.
American is Insolvent.
But then there is the privileged class. In March 2001 the TV news reported 5% of the House of Representatives, 4% of the U.S. Senate, 4.8% in the Republican President George W. Bush’s cabinet, 1.7% of I.R.S. employees were delinquent and tax evaders. While there are a “few good men and/or women” who serve us in Washington, D.C., face it you common folks, the elitists in Washington, D.C. do not give a darn about you. These greedy, totally incompetent lickspittles are the problem – not the solution.
On October 12, 2009, Bloomberg News Service reported the U.S. dollar had reached the breaking point because central banks were snubbing the dollar and replacing it with euros and yen. So what if the U.S. goes bankrupt? Will that mean the end to our sovereignty? Will that mean our personal real estate being held as collateral will soon be owned by China? Did the Red Chinese flag that was raised over Washington, D.C. in September 2009 to commemorate the anniversary of the communist takeover of China by Chairman Mao sixty years ago send a message that “we win, you lose?”
Did your paper like mine recently report in section Z a couple paragraphs about how North Korea revalued its currency known as “won,” at an exchange rate between old and new notes of 100 to 1? Does this mean if the North Koreans had $100 “won,” they would now have “one won?” The currency reform understandably sparked panic among its citizens.
Is that coming to America? Are we heading for a universal currency or a cashless society? Some became concerned about the 666 System from Revelation when scanners were installed in stores but soon we went back to sleep and it became common place from President Jimmy Carter’s new Secret Security Force patches that had “666” on them to the U.S. Treasury Department, Internal Revenue Service Alcohol Tobacco and firearms badges using “666.” Some with medical problems had computer chips placed in their bodies for easy scanning by medical personnel. Others put chips in their dogs in case they got lost. Young people began to jump on the tattoo fad.
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These may be the best of times and the worst of times depending upon a person’s relationship with the Lord Jesus Christ. Other United Nations Regional administrative government agencies make the rules and they can do anything they wish. Our Constitution is no longer applicable. It’s “outmoded!” It won’t protect us. If we think the violence is bad now, we “ain’t” seen nothing yet should the Lord tarry.
Footnotes:
1- The Late Great U.S.A. by Jerome Corsi (P. 182)
� 2009 Betty Freauf - All Rights Reserved
