China invades the United States

Well, it´s happening folks! China has permission to establish a beachead in the US banking system.

If you want to know more, click here. The only reason to allow such a move is to shore up the dying dollar. The Fed has granted permission for China´s largest bank to buy 80% control in a western bank and there are others about to be bought or started in the midwest and the east coast. The link to an article tells it all. But, what does it mean? It means that our economy will soon be dependent on the strength of China´s economy. Remember China? Yeah, the country that built ghost cities to shore up the real estate numbers and now has a couple of hundred cities of modern architecture that are virtually empty. Talk about a bubble! When that one pops, it´ll be like a black hole! It will suck in everything touching it! Get out of dollars now. Get gold. Get silver. What the heck! Get cinderblocks! Anything tangible but remove yourself from the currency systems as much as you can!

There will be a really neat side effect if you do! The US government wants to know all about your financial assets, especially foreign. If you don´t have financial assets, there is no reporting requirement! YAY! Privacy at last! (Well, sort of.)

A sinking ship...

And the rats are jumping ... There has been a wave of resignations in the international banking community.
1 World Bank
CEO Zoellick resigns http://business.time.com/2012/02/15/world-bank-president-zoellick-resigns/
2 Anz Bank CFO
Australia resigns http://www.proformative.com/news/1470243/cfo-anz-bank-resigns-amid-turmoil
3 Nicaraqua Central Bank Pres Rosales resigns http://www.bloomberg.com/news/2012-02-14/nicaragua-central-bank-head-quits-amid-row.html
4 Credit Suisse Chief
Joseph Tan resigns http://www.businessweek.com/news/2012-02-17/credit-suisse-s-private-bank-chief-asian-economist-tan-resigns.html
5 GERMAN
PRESIDENT Christian Ruff resigns http://www.dailymail.co.uk/news/article-2102524/German-President-Christian-Wulff-forced-resign.html
6 Royal Bank
of Scotland Austrailin CEO Stephen Williams resigns http://www.theaustralian.com.au/business/wall-street-journal/andrew-chick-to-lead-royal-bank-of-scotlands-australian-arm/story-fnay3vxj-1226272513981
7 Kuwait Central
Bank CEO resigns http://www.washingtonpost.com/business/industries/kuwait-central-bank-chief-resigns-amid-political-tensions/2012/02/13/gIQAcxrOAR_story.html
8 Slovenia TWO
largest Banks CEO's (2) resign http://www.bloomberg.com/news/2012-02-15/slovenia-s-nova-kreditna-banka-maribor-ceo-plos-resigns.html
9 Bank of India CEO
Chaturvedi resigns http://www.livemint.com/2012/02/06160111/Dhanlaxmi-Bank-CEO-Amitabh-Cha.html
10 Tamilnad
Mercantile Bank CEO resigns http://www.business-standard.com/india/news/tamilnad-mercantile-bank-md-resigns/464259 (this article appears to have been removed).

Why do you suppose this is happening? No doubt something BIG is about to happen and it probably isn't nice. These people appear to be distancing themselves from something. The story which lists the above appeared in the Washington Post but I was unable to link the to the page as it was no longer posted. Wonder why. Anyway, it could be the world is about to get a new banking system so, if you have money in the bank, you may want to take out some for a few days.

The test of liberty...

The time of sentencing for Bernard von NotHaus is nearly upon us. If you don't know, Bernard created the Liberty Dollar as a private barter currency and clearly announced it was NOT legal tender. The paper currency was redeemable in silver and when I sent in some paper, I DID receive the appropriate amount of silver by return mail. The whole system was totally honest. The US Federal government (and the privately owned and dishonest Federal Reserve System) felt the pain of a competing currency and trumped up charges against Bernard and the Liberty Dollar and managed to get a conviction. The crime? Uttering "coins". Stupid. Coining is a metalworking process that squeezes metal and deforms it into a die where it takes on the shape of any engraving in the die. Bernard always advised against using the word "coin" for the reason that he didn't want anyone to think the Liberty Dollar had anything to do with the government. They were called "rounds". 'Nuff said. The big government crowd hates competition for currency because an honest currency prevents the secret taxation of "inflation". Anyway, why pick on Bernard? There are a lot of other currencies that are being left alone. Here are 11 (yes, eleven) of them:
BerkShares: Southern Berkshire, MA Started: 2006
Equal Dollars: Philadelphia, PA Started: 1996
Ithaca Hours: Ithaca, NY Started: 1991
Bay Bucks: Traverse City, MI Started: 2006
Cascadia Hour Exchange: Portland, OR Started: 1993
Life Dollars: Bellingham and Seattle, WA Started: 2004
Downtown Dollars: Ardmore, PA Started: 2010
Potomacs: Washington, D.C. and suburbs Started: 2009
Local Trade Partners: Fayetteville, AK Started: 2009
Crescents: New Orleans, LA Started: 2004
Brooklyn Torches: Brooklyn, NY Started: Still forming

So how come the Feds picked on Bernard and the Liberty Dollar? Easy, it was having the biggest impact. This is a weathervane for the state of freedom in the good ole' US of A. Wake up America! Action is needed now. You can help by writing to the judge asking for clemency or leniency for Bernard.

Please send a brief letter ASAP with your NAME and ADDRESS to:
The Honorable Richard L. Voorhees
U.S. District Judge
United States District Court for the Western District of North Carolina
250 Charles R. Jonas Federal Bldg.
401 West Trade Street
Charlotte NC 28202
And add: PLEASE FREE BVNH to the bottom left hand corner of your envelope.

If you need to see a sample (which is a little bit long), please click here.

Please be respectful with your request and do it now!
It's time to act.

Making it simple...

Central banks are able to steal with impunity because most people don't take the time to understand what's being done to them. The banking business is deliberately shrouded in mystery to make the regular joe feel like it's beyond him so he has to trust the system. I have news for you, this banking system is not beyond your understanding, period. If you can soup up a car in your garage, build a shed in the backyard or balance your checkbook, you'll have no trouble understanding what's going on providing someone is willing to explain it. Well, I just found a classic cartoon that does a really good job of uncovering the secrets of banking (read, "method of theft"). If you are interested, please click here and download the comic from the web site. It's free. The only caution I have for you is that the numbers are MUCH larger now but the principles are the same. The bank frauds are going on all over the world but it may be able to be stopped in the US.

New information...

Well, the European banks that have shorted gold in an effort to save themselves and drive the price down (which convinced me the price WOULD go down) may have a BIG problem on their hands. India has already started to buy oil from Iran using gold instead of the dollar. Beijing has indicated an interest in getting on board with that while Russia says it will buy Iranian oil with currencies other than the US dollar. Gang, this is TOTAL WAR! The effort to kill the dollar (which is trying to kill the euro) will mean destruction of supply (read food, clothing, heating oil and other stuff like that) that has only occurred in the past during a full-scale war. This time there is no shooting but the casualties will be civilians who can't eat or keep warm. Oil will be scarce and expensive and the currencies to purchase oil will be scarce and expensive. Iran is threatening to close the Straits of Hormuz, which would cut off the flow of oil from that region and the US is countering with the threat of military force to prevent that. The currency wars are threatening to become shooting wars. What a mess. If you haven't thought of what you would do to protect your family in case of severe shortages, this would be a good time. Change your mindset. Check my other blog at www.survivorscache.blogspot.com for some ideas and links to other valuable information. Read "The Creature from Jekyll Island" (see the link above) so you know what's behind all this. Ultimately, only you can take care of you. I've provided some ideas and there are plenty of others on the Internet. Make use of it. Precious metals may be the only good short-term refuge. Long term will be to be able to grow your own food, make your own clothes and get your own fuel. Don't wait.

Trusting currency...

There is a popular belief that currencies are okay if people trust them. Really. Let's look at that. What does currency let you do? Currency is a measure of value. If inflation weakens a currency, it takes more currency to measure the same value. So where does the value come from? If you think about it, value comes from the ground: agriculture or mining. All else is derived from that. It takes labor to manage either i.e. planting, weeding, harvesting, packaging and transportation for agriculture and digging, processing ore, refining and maybe machining for mining products. All these steps are value added and the value comes from human effort, also known as labor. Currency allows you to trade labor value with someone else. Currency that is not redeemable in something like gold, silver or other commodity can only be redeemed by someone's labor. That makes unbacked currency a promise to pay (redeem) someday in the future. Historically, all such promises end up being broken. Someone who labors to get, refine and coin gold or silver (or other metals) is creating value by working to purify the metal and put it into a usable form. There is no promise to labor someday because the labor has already been done. Trust is not an issue. The coin can be weighed and tested for purity. In fact, historically, coins have been made and "reeding" (the small vertical cuts in the edge of the coin) was added because any filing of the edge would show up instantly alerting users that someone has tampered with the coin. Central bankers and governments hate gold and silver (or any other metsl backing for that matter) because the limited amount of backing prevents them from determining the currency's "elasticity" (ability to inflate secretly) allowing them to steal purchasing power from the population. Fiat (created by governmental edict) currency allows just that. If someone can secretly reduce the value of the currency you use, you are paying a secret tax. Precious metals prevent that additional tax, preserving the purchasing power of the people. Don't let the bad guys kid you, they hate gold and silver because they force governments and bankers to be honest. Trusting government more than gold or silver is truly folly.

Energy money...

If you have been following the international markets, you have probably read how oil settlements may soon not include dollars. People with real assets (like oil) don't want depreciating assets (Federal Reserve Notes) unless they can dump them quick for something else. Not only that, we are being told that there is a finite amount of oil in the ground so that's why we have to fight for control over limited resources. Guess what? New evidence shows that we'll never run out of oil because it's being formed continually in Earth's mantle where pressure and heat cause the linking of methane gas into chains that result in hyrdocarbons. Methans is one carbon molecule with 4 hydrogen molecules attached. Carbon is unique in that it can accept 4 molecules of something else and certainly can bond with other carbon molecules. An 8-carbon chain with the attendant hydrogens is called "octane". Sound familiar? It should. I once had a manager for a large defense contractor tell me that the oil fields in Saudi Arabia are so large that new oil is constantly being created. I shoulda' realized then what's going on. So, the politics of limited oil are nonsense. On top of that, the US Dollar is a hot potato both politically and economically. I personally know of oil pumps in the midwest that were ordered shut off by the government so we would buy oil from the MidEast. Why? Ostensibly to exhause their oil fields and preserve ours. Well, if new oil is being created there, it surely is being created in the good ole' US of A, too. If we went to our own oil and stopped buying MidEast oil, that surely would do our foreign policy a world of good. It'd be good for the dollar, too, providing the gangsters in Washington can be held accountable.