Bruce Miller

The AIG Bonus Furor: Let's Focus on What Really Matters

Deregulation was the right thing to do. If a corporation is under mandatory regulation of the government, essentially tying their hands, then that corporation fails. It then becomes the responsibility of the government to bail them out. However, when it is deregulated, the government should be no longer responsible. Bankruptcy should be the avenue that is being taken, not bail outs. I do not agree with the government bailing out any corporation. These corporations should have pay for their own mistakes by ceasing to exist. Our national debt now exceeds our gross national product. AIG too big to fail, But our government is not? How much money can you throw down a bottomless pit before the pit fills up? These bail outs I thought would be an annual occurrence, looks more like they are a quarterly occurrence.

How Will This Depression Differ from Previous Ones?

Money is created by the government issuing treasury notes to the federal reserve. The federal reserve then prints money to loan to the federal government. However since the Federal Reserve Act of 1913, the banks call these treasury notes assets. The Act allows for fractional banking. That means that for every dollar the government trades for cash with the Federal Reserve, the Federal Reserve can loan out ten dollars. So now we not only have an increase in the national debt, we also have our money inflated by printing out and loaning to general public ten times the origional debt. The Federal Reserve creates cash out of thin air, hence the cause of inflation. So we now not only have the government in debt, but we have the general population in debt also. It is debt that creates the money supply. The greater the money supply the less each individual dollar is worth. From 1940 to 2008 the value of the dollar is only five cents. The collapse of the monetary system is the design to achieve the goal of a one world currency. To find out who actually owns the Federal Reserve, read my blog at: causeofinflation.blogt...

On Mar 03 07:28 AM boats wrote:

> The author wrote: "debt always grows faster than the money supply.
> It is therefore a good bet that the quantity of debt will continue
> to expand until the entire monetary system collapses."
>
> Can't fault you there.

Privatize the Banks, Or Create Entirely New Ones?

Do not nationalize them, let them fail. Read my blog at: www.aarp.org/community...

The Coming Depression: See It Clearly Through Historical Eyes

Pre 1971 the government still adjusted the value of gold in order to inflate the currency. The origional one ounce gold coin in the early 1800s was valued at $10, by 1890 it was $20. By the 1940s it was $25 and by the 60s it was $35. Pulling the gold backing off our currency is exactly what the crooks and thieves at the Federal Reserve needed to create a run-away inflation and to indebt America to the Fed.

The depression may have not been recognized by the investement camps but it was predicted by my grandfather in 1957 when he told me that by 2010 you will see a depression that will make the depression of the 30's seem like a sunday school picknic.

Here is the cause of our boom / bust economy:


THE TEN MEMBER BANKS OF THE FEDERAL RESERVE
All owned by the Rothschilds

Rothschild Bank of London
Warburg Bank of Hamburg
Rothschild Bank of Berlin
Lehman Brothers of New York
Lazard Brothers of Paris
Kuhn Loeb Bank of New York
Israel Moses Seif Banks of Italy
Goldman, Sachs of New York
Warburg Bank of Amsterdam
Chase Manhattan Bank of New York

The Federal Reserve is neither Federal nor does it have any reserves. It continues to create money out of thin air in order to indebt America.

Do we really want to trust the sovernty of our nation to the House of Rothchild? Or are we going to go back to the gold standard and return the authority to coin money back to the people to whom it properly belongs via the United States Treasury?

I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.
Thomas Jefferson, Letter to the Secretary of the Treasury Albert Gallatin (1802)

Looks like Thomas Jefferson even forsaw what is happining now!!!


On Feb 23 07:52 AM css1971 wrote:

> Pre 1971, money was tied to gold. Not the case now. The governments
> can now inflate as much as they like. What we get since then is not
> a depression, we get stagflation instead.

The Federal Reserve Has Failed Us

If you think the purpose of the Federal Reserve is to stabalize the money supply and economy, you have not even come close to the truth yet. The ten member banks that own the Federal Reserve are: Rothschild Bank of London, Warburg Bank of Hamburg, Rothschild Bank of Berlin, Lehman Brothers of New York, Lazard Brothers of Paris, Kuhn Loeb Bank of New York, Israel Moses Seif Banks of Italy, Goldman, Sachs of New York, Warburg Bank of Amsterdam, and Chase Manhattan Bank of New York. All of these banks are owned by the Rothschilds. He who controls the money supply controls the world.

I have written several blogs on this but none of mine compare with this one. Give it a look: www.scionofzion.com/fe...