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POPSInsights Into Matters From a Free-Market Perspective Until the very end, willing foreign buyers could always be found for paper marks, so the Republic could still obtain the hard currency needed to meet Allied reparation demands. At the same time, the inflation created a capital goods boom that rapidly replaced the seized ships and rolling stock. Businesses had to choose between immediately reinvesting (and of course, malinvesting) profits in capital goods, or watching their funds evaporate overnight (literally, by late 1923). Starting with a gold mark worth about a dollar in 1920, Germans ended up with a worthless paper mark that, in November 1923 was replaced by a new gold-backed mark, at the rate of 1,000,000,000,000 (one trillion) old paper marks to one new gold mark. As a comparison, the worst inflation experienced in the United States (so far) was the collapse of the Continental Dollar. From 1776 through 1787 . . .
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POPSScam central Pretty simple explanation of what's going on around. Routine method of con-artists: scare, distract attention and then bilk disoriented people until they realized what to do. Old as world and still working flawlessly. With proper greasing...;)
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POPSNew World Currency Russian President Dmitry Medvedev took pulled a coin out of his pocket and presented it to the heads of the G-8 nations in Italy. With massive deficits and Congress proposing another "stimulus" world central bankers are getting nervous. They are losing confidence in the dollars future and are pushing for another currency. What does this mean to you? It means you should tell Congress no more printing of money by the Federal Reserve, no to big and bigger government, no to socialist spending, no to deficit spending. Yes to a balanced budget, yes to prosecution of fraud by those at AIG, Fanny and Freddie, Goldman Sacs, SEC, etc. etc. Instead of bailing out defunct companies and failed banks we need to bail out the economy. The economy is found in the production capabilities of the people. No producing people means no revenue.
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POPSSenate Blocks Bill To Audit The Fed DeMint said that the Fed has enjoyed a monopoly over money and credit in the United States since 1913 yet has never been transparent or accountable to Congress, while during that time the dollar has lost 95% of its purchasing power. “Americans across the nation, regardless of their opinion on the bailout, want to know where the money has gone,” he added, referring to the Fed’s refusal to disclose where trillions in bailout funds has gone.
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POPSWhen DuPont Almost Overthrew the Government
* Irenee Du Pont - Right-wing chemical industrialist and founder of the American Liberty League, the organization assigned to execute the plot. * Grayson Murphy - Director of Goodyear, Bethlehem Steel and a group of J.P. Morgan banks. * William Doyle - Former state commander of the American Legion and a central plotter of the coup. * John Davis - Former Democratic presidential candidate and a senior attorney for J.P. Morgan. * Al Smith - Roosevelt’s bitter political foe from New York. Smith was a former governor of New York and a codirector of the American Liberty League. * John J. Raskob - A high-ranking Du Pont officer and a former chairman of the Democratic Party. In later decades, Raskob would become a “Knight of Malta,” a Roman Catholic Religious Order with a high percentage of CIA spies, including CIA Directors William Casey, William Colby and John McCone. * Robert Clark - One of Wall Street’s richest bankers and stockbrokers. * Gerald MacGuire - Bond salesman for Clark, a
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POPSSomeone tell Obama: Americans did not cause the financial crisis, the world's central banks did
"Every economic bust demands scapegoats. And you can always bet your bottom dollar that politicians and journalists will be the ones leading the mob. (One need only recall the Democrats' recent efforts at whipping up hatred against bankers for confirmation of this dismal fact). But all said and done, you can never beat a good conspiracy story. And that is basically what Simon Johnson* has given us. According to this brilliant student of economic history America is facing elite business interests — financiers, in the case of the U.S. — played a central role in creating the crisis, making ever-larger gambles, with the implicit backing of the government, until the inevitable collapse. More alarming, they are now using their influence to prevent precisely the sorts of reforms that are needed, and fast, to pull the economy out of its nosedive. The government seems helpless, or unwilling, to act against them. (The Quiet Coup, The Atlantic, May 2009). "
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POPSA CRISIS OBAMA WON’T WASTE Now comes Geithner’s plea for extra regulatory powers and Obama’s concession to global economic regulation at the G-20 summit. Both moves are game-changers for any major American business. Geithner wants the power to take over any business — presumably in any field — whose failure would imperil the national economy. Today it’s banks, brokerage houses, car companies and insurance firms. Tomorrow? Who knows? And Obama agreed to agree on international “high standards” for the regulation of all “systemically important” companies to be promulgated by the new global Financial Stability Board (FSB). The United States, occupying one of 20 chairs on the FSB board (21 if we count the EU), will come to a consensus with other central bankers from the G-20 nations on what these regulations should say. Then the Securities and Exchange Commission, the Federal Reserve and the other regulatory arms of the U.S. government will impose them on our economy.
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POPSDeath of The Declaration of Independence The Europeans have been trying to get their hands on our financial system for decades. It is essential to them that they rein in American free enterprise so that their socialist heaven will not be polluted by vices such as the profit motive. Now, with President Obama's approval, they have done it.
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POPSTreasury Secretary Geithner's Elite Global Connections The Group of Thirty and heads of central banks of the world. He also used to work for Henry "new world order" Kissinger. See article for much more. Michael Savage even exposed this further on his radio program saying this is an indication at where things are going. This is a hint to the coming globalization of the banking system, not just nationalization of some US banks. PM Gordon Brown and the G8 meetings have indicated movement the same direction. Geithner is not in office really to help the economy...but to help the banksters....who are in control of the governments, and consolidating power. After all, he came from the Federal Reserve Bank of NY.
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