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Monday, December 26, 2011

Learn from the history that's about to happen

A commonly heard saying is, "Those who refuse to learn from history are condemned to repeat it." It seems to be good advice so let's put it to good use. The creation of the Federal Reserve was the crowning achievement of the international central banking cartel. They created the biggest financial parasite to exist ever. The attempt at a unified currency and central bank for all of Europe was the latest attempt to create an even bigger parasite. This one looks like it will fail and the Euro will most likely disappear. We need to watch carefully what happens. Many businesses and individuals now have loans in place denominated in Euros and, if the Euro collapses and disappears, how will these loans be paid. Will the banksters demand payment in Euros and foreclose on those who can no longer get Euros (they're gone, remember?) or will there be some kind of conversion? Think about it, you owe 100,000 Euros and now all you can get are Lira. Do you lose your security or will there be a way to pay, say, 1,000,000,000 (one billion) Lira to pay off 100,000 Euros, or something like that? This is history in the making and we need to know. Why? Well, because the US Dollar (in Federal Reserve Notes) is likely to follow the Euro into the trash heap of history but there is a similarity to what's happening in Europe. You see, the currency circulating for the USA now is called Federal Reserve Notes (FRNs) and there is no other currency available. John Kennedy authorized and issuance of United States Notes but they were not owned by the Federal Reserve and collectors have removed them from circulation. So, if the Dollar, represented by the FRN, disappears, no one will be able to get any to pay off their debts in the Federal Reserve System. What will we do? Does that mean the Fed will be able to foreclose on ALL property that touches their Dollar Bills?
If we watch Europe, we should be able to see the answer.

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