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On 12/1/2010 2:09 AM, Val Kraut wrote:
Maybe we could collect some and start a colony on Titan! I hope we're taking precautions that Russian or Chinese agents disguised as tourists don't swipe some for their programs. I can't help but envisioning a NASA budget hearing where some Senator from nowhere asks "SO, Mr. Bolden, how much did it cost the American taxpayers to find these here ARE-SEE-NIK eaten ORG-GAIN-ISMS right here on our own home planet. It shows the mission drift that NASA gets into by funding things that are only distantly space related. Years back, they had someone skiing around in the California mountains collecting snow samples because they might give clues about Martian organisms due to "the similarity of the conditions". You want something like Martian conditions, send someone up skiing on the top of Mount Everest in December, or on top of Antarctica'a Mount Erebus in June. Pat |
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On 1/12/2010 2:07 AM, Anne Onime wrote:
http://www.theregister.co.uk/2010/11...s_revelations/ Even if only bacteria were found on Mars that would be a shocking revelation since it would increase the chances for life in the Universe and our Galaxy markedly. Evidence of a far away civilization would be beyond belief, and would almost certainly scare the willies out of people. I'll bet you people will start demanding some sort of 'space protection force' even though we would be completely powerless against a superior intelligence. Turned out to be just a report about bacteria being found on Earth that can use arsenic instead of phosphate. yawn Sylvia. |
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On Dec 2, 8:24*pm, Sylvia Else wrote:
On 1/12/2010 2:07 AM, Anne Onime wrote: http://www.theregister.co.uk/2010/11...s_revelations/ Even if only bacteria were found on Mars that would be a shocking revelation since it would increase the chances for life in the Universe and our Galaxy markedly. Evidence of a far away civilization would be beyond belief, and would almost certainly scare the willies out of people. I'll bet you people will start demanding some sort of 'space protection force' even though we would be completely powerless against a superior intelligence. Turned out to be just a report about bacteria being found on Earth that can use arsenic instead of phosphate. yawn Sylvia. Double yawn. I want my money back, because this grandstand show sucks. ~ BG |
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Money money money money
http://www.youtube.com/watch?v=6d0Q3XkCiEw http://www.youtube.com/watch?v=Gz-rsnW0wko http://www.youtube.com/watch?v=istE1bpoDPg and gold http://en.wikipedia.org/wiki/Cryptonomicon Alright, here's the deal. There are 47,000 tonnes of gold in the world and about 2,300 tonnes per year is produced at mines throughout the world. http://minerals.usgs.gov/minerals/pubs/commodity/gold/ Now, there are about $3.3 trillion worth of notes around. $885 billion is US notes, another $800 billion Euros, and everyone else's currency adds up to the balance. At $80 per gram $3.3 trillion of gold equals 41,250 metric tons - a little less than the gold in the world. So, we could theoretically monetize the global economy with gold again at prices near those we see today. The problem then becomes, how to do it? One way would be to take diameters depending on denomination from 0.35 mm to 0.055 mm diameter tungsten wire and coat it with layer of gold increasing it to a thickness of 0.057 diameter - modifying the surface treatment slightly along its length to change its reflectivity and even color - and weave this thread into a circular socklike pattern automatically using CNC process. http://www.youtube.com/watch?v=8uvL_KUq7Pg which can be automated to a great degree http://www.youtube.com/watch?v=YuGs25lXrqc to produce 'pixels' on the note surface 0.06 mm in diameter (smaller than can be resolved by the human eye) and flatten the cylinder on to a PET base sheet where it is heat fused together to create a 'micro- bullion' note containing the precise amount of gold called for woven into the face of the note - creating a note 0.115 mm thick and the width and length called for by the size of the note - with security thread knitting the two faces together. http://www.youtube.com/watch?v=h2YgwewQY-0 and it includes a QR Code knitted into each one - incorporating a unique ID and a public data base of all the notes made their value and other information which would be publicly available. Finally a tough transparent laminate is infused into the fabric - to give the bullion long life. http://www.youtube.com/watch?v=7a33uCPOywA people may then use their cell phones to take a picture of each note to verify its authenticity of each piece. people may also execute a controlled melt down of their notes to extract the gold from them if they wish. Thus, microbullion replaces fiat currency through a private source. Creating these adds value to the gold of course. So, a reasonable coinage fee may be added. So, if they're made and sold at $100 per gram - the weight of gold in each one would be; $1 - 10 milligram $5 - 50 milligrams $10 - 100 milligrams $20 - 200 milligrams $50 - 500 milligrams $100 - 1 gram $500 - 5 grams The weight of each note is 10 grams - with varying amounts of gold in each. The weight of each note would depend on its area. If all were the same size - as US notes are - each would weigh 12.5 grams - and a cm of notes would contain 80 notes and weigh a kilogram. An inch of notes would weigh 5.6 lbs! The same as an equivalent volume of gold. (the bulk of each note under $50 would be tungsten, those over $50 would be mostly gold) Now, the ease of using this bullion - denominated in centigrams - (giving new meaning to the word 'cent') when sold at $1 per cent - would be buying $0.40 to $0.50 of gold at today's prices - but this is better than buying paper notes worth $0.06 or less for as much as $100. China has 1,900 tonnes of gold and produces 200 tonnes per year. Their economy total $8.8 trillion. I cannot find the total number of notes in circulation (renminbi or yuan) - so assuming the ratio of notes to economic activity is the same as that experienced by Europe or the USA, we have $551 billion in value. At $100 per centi-gram they would need 5,510 metric tons to monetize ALL their currency. Since the Chinese have segmented their fiat currency from their actual currency, they could easily do 1,900 tonnes ($190 billion) and add $20 billion per year to the total. They could also buy gold and rival the US as a reserve currency. Which is something the Chinese seem to want to do. http://indonesia.sinosteel.com/detai...lum n_no=0203 http://online.wsj.com/article/SB124616719675965215.html |
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The USA could issue currency not backed by silver or gold. Would
this devalue and debase its currency? That depends on the details. If at the same time of issuance of new currency the USA increased the reserve requirement of banks to match the issuance volume so as to reduce the volume of money by the same amount - in order to keep the total amount of money constant. This achieves what the issuance of bonds achieves excepting the issuance of government backed notes in this case bear no interest and thus reduce the cost of government. It also reduces the ability of banks to affect our business cycle. Providing interest free loans to home owners and small business owners using this new issue would stabilize our economy without war or excessive interest and give the USA control over its business cycle. Here's an interesting item; http://www.youtube.com/watch?v=Iv-ZCj1_HHI According to this guy, a gold standard isn't needed - and in fact has been used as a tool by European money interests to extract value from countries around the world, including the USA for 300 years. Ben Franklin told Hamilton, if the US government can issue $1 in bonds, why can't it issue $1 in notes? without interest? That's a good question See, the revolutionary war wasn't about taxes per se. It was about the reason in back of the taxes London charged. Namely, the Bank of London's need to have interest repaid by the British government which led to raising taxes on the colonies. So, many of the founding fathers were hesitant to establish a bank of the USA to replace the bank they just tossed off. Nevertheless, several experiments with central banking ensued and with it economic ruin following the Revolutionary war as European banks contracted credit in response to the war. Through extreme efforts European bank interests established the first bank of the USA was founded in 1791 in Philadelphia with a 20 year charter. 60% was owned by European interests. When Congress failed to renew the banks 20 year charter in 1811 European bankers who owned the majority of the First Bank of the US and benefited greatly from it by extracting huge sums of money out of the USA, arranged to have Britain invade the South - spawning the War of 1812. To pay for the war, the nation felt it had to go into debt, and the central bankers got their way in Congress as a condition of the loans. As a result, the second bank of the US was formed in 1816. A general in that war who blamed those bankers for the disruption in the first place, and a man who was against central banking and ran on a platform opposing the banking system rose to power. His name was Andrew Jackson and he said of central banks; You are a den of vipers. I intend to rout you out, and by the Eternal God I will rout you out. If the people only understood the rank injustice of our money and banking system, there would be a revolution before morning There occurred during Jackson's presidency an unsuccessful assassination attempt on President Jackson's life. Jackson had told his vice president, Martin Van Buren, "The bank, Mr. Van Buren, is trying to kill me.... Jackson was the only President to pay off the national debt. He also removed all government money from the Second Bank of the United States and helped establish independent banks. Corporate debt also fell at this time and companies began to expand not out of borrowings, but out of profits which accelerated the economic expansion of the United States while reducing the interest paid out of the USA to foreign bankers. The USA was becoming a good economic example and had to be stopped. The Civil War ensued. Driven in part by slavery, but also driven by tight credit that decimated the economy of the South while easy credit dominated the North. This tight credit was perpetrated by Northern banks who represented the interest of European banks who wished to extract more of the wealth from the USA than it was getting following Jacksonian era. This was an old trick bankers had learned in time in Europe Yet, while the South sought credit in Europe to pursue its dreams of independence during the Civil War, Lincoln didn't follow suit. He mistrusted the banking system and so he spoke to an Ohio economist to figure out another way. He quoted Ben Franklin - a government that issues bonds can also issue notes. So, Lincoln issued greenbacks to pay his troops and fight his war without putting the USA in debt. This system worked so well had plans to expand this program following the war. Lincoln said at the time, "The money power preys upon the nation in time of peace and conspires against it in times of adversity. It is more despotic than monarchy, more insolent than autocracy, more selfish than bureaucracy. I see in the near future a crisis approaching that unnerves me, and causes me to tremble for the safety of our country. Corporations have been enthroned, an era of corruption will follow, and the money power of the country will endeavor to prolong its reign by working upon the prejudices of the people, until the wealth is aggregated in a few hands, and the republic is destroyed. Lincoln was shot a few days later. Otto von Bismarck said at the time "The death of Lincoln was a disaster for Christendom. There was no man in the United States great enough to wear his boots and the bankers went anew to grab the riches. I fear that foreign bankers with their craftiness and tortuous tricks will entirely control the exuberant riches of America and use it to systematically corrupt civilization." The Chairman of the House Committee on Appropriations, James Garfield agreed with Lincoln's contention that the USA should not renew a central bank and that the USA should print money for itself rather than issue bonds that bore interest. President Garfield when he became President of the US, openly declared that whoever controls the supply of currency would control the business and activities of all the people. He wanted to expand Lincoln's greenbacks. After only four months in office, President Garfield was shot at a railroad station on July 2, 1881. William McKinley was elected President in 1896 and was deeply involved in re-shaping the monetary system to create continuing prosperity in the USA and overcome the tight credit policies that decimated the nation following the Civil War. McKinley signed the Gold Standard Act of 1900. In 1900 McKinley also challenged New York Banking control of the railroads by pursuing Northern Securities Company in Federal Court. In 1901 McKinley was shot while attending an exhibition. In 1908 legislation was introduced to create the Federal Reserve system - where the US government pays a private bank interest to issue Federal Reserve Notes. As was the case in all European nations that had this arrangement, the income tax was introduced in 1909 in conjunction with a central banking system and both were supported by President Taft at that time. After all, what good was charging interest to a government that had no ability to repay? Both go hand in hand. After the die was cast in 1909, world war one ensued. Which plunged all the combatants deeply into debt. The Sixteenth Amendment was ratified after the war to pay for the war. War and threat of war since that time has only increased our debts. Louis T. McFadden was the Chairman of the House Banking Committee back in the 1930s. Pointing out that monetary issues shouldn’t be partisan, he criticized both the Herbert Hoover and Franklin Roosevelt administrations. In describing the Fed, he remarked in the Congressional Record, House pages 1295 and 1296 on June 10, 1932, that: Mr. Chairman, we have in this country one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board and the Federal reserve banks. The Federal Reserve Board, a Government Board, has cheated the Government of the United States and he people of the United States out of enough money to pay the national debt. The depredations and the iniquities of the Federal Reserve Board and the Federal reserve banks acting together have cost this country enough money to pay the national debt several times over. This evil institution has impoverished and ruined the people of the United States; has bankrupted itself, and has practically bankrupted our Government. It has done this through the maladministration of that law by which the Federal Reserve Board, and through the corrupt practices of the moneyed vultures who control it. Some people think the Federal reserve banks are United States Government institutions. They are not Government institutions. They are private credit monopolies which prey upon the people of the United States for the benefit of themselves and their foreign customers; foreign and domestic speculators and swindlers; and rich and predatory money lenders. In that dark crew of financial pirates there are those who would cut a man’s throat to get a dollar out of his pocket; there are those who send money into States to buy votes to control our legislation; and there are those who maintain an international propaganda for the purpose of deceiving us and of wheedling us into the granting of new concessions which will permit them to cover up their past misdeeds and set again in motion their gigantic train of crime. Those 12 private credit monopolies were deceitfully and disloyally foisted upon this country by bankers who came here from Europe and who repaid us for our hospitality by undermining our American institutions. President John F. Kennedy planned to exterminate US reliance on the private Federal Reserve System. In 1963 he signed Executive Orders EO-11.110, returning to the government the responsibility to print money, taking that privilege away from the Federal Reserve System In November 1963 President John F. Kennedy was assassinated. After his election in 1975 Congressman Larry P. McDonald spearheaded efforts to expose the hidden holdings and intentions of the international money interests. His efforts ended on August 31, 1983, when he was killed when Korean Airlines 007 was accidentally shot down in Soviet airspace. * * * MORE DETAIL ABOUT JFK On June 4, 1963, a little known attempt was made to strip the Federal Reserve Bank of its power to loan money to the government at interest. On that day President John F. Kennedy signed Executive Order No. 11.110 that returned to the U.S. government the power to issue currency, without going through the Federal Reserve. Mr. Kennedy’s order gave the Treasury the power “to issue silver certificates against any silver bullion, silver, or standard silver dollars in the Treasury.” This meant that for every ounce of silver in the U.S. Treasury’s vault, the government could introduce new money into circulation. In all, Kennedy brought nearly $4.3 billion in U.S. notes into circulation. The ramifications of this bill are enormous. With the stroke of a pen, Mr. Kennedy was on his way to putting the Federal Reserve Bank of New York out of business. If enough of these silver certificates were to come into circulation they would have eliminated the demand for Federal Reserve notes. This is because the silver certificates are backed by silver and the Federal Reserve notes are not backed by anything. Executive Order 11.110 could have prevented the national debt from reaching its current level, because it would have given the government the ability to repay its debt without going to the Federal Reserve and being charged interest in order to create the new money. Executive Order 11.110 gave the U.S. the ability to create its own money backed by silver. After Mr. Kennedy was assassinated just five months later, no more silver certificates were issued. Executive Order was never repealed by any U.S. President through an Executive Order and is still valid. Why then has no president utilized it? Virtually all of the nearly $6 trillion in debt has been created since 1963, and if a U.S. president had utilized Executive Order 11.110 the debt would be nowhere near the current level. Mr. Kennedy challenged the two most successful vehicles that have ever been used to drive up debt – war and the creation of money by a privately-owned central bank. His efforts to have all troops out of Vietnam by 1965 and Executive Order 11.110 severely cut into the profits and control of the European banking establishment. As America’s debt reaches unbearable levels and a conflict emerges around the world that will further increase America’s debt, one is forced to ask, will President Obama have the courage to consider Executive Order 11.110 ? * * * * Executive Order 11.110 AMENDMENT OF EXECUTIVE ORDER NO. 10289 AS AMENDED, RELATING TO THE PERFORMANCE OF CERTAIN FUNCTIONS AFFECTING THE DEPARTMENT OF THE TREASURY By virtue of the authority vested in me by section 301 of title 3 of the United States Code, it is ordered as follows: Section 1. Executive Order No. 10289 of September 19, 1951, as amended, is hereby further amended- By adding at the end of paragraph 1 thereof the following subparagraph (j): _(j) The authority vested in the President by paragraph (b) of section 43 of the Act of May 12,1933, as amended (31 U.S.C.821(b)), to issue silver certificates against any silver bullion, silver, or standard silver dollars in the Treasury not then held for redemption of any outstanding silver certificates, to prescribe the denomination of such silver certificates, and to coin standard silver dollars and subsidiary silver currency for their redemption and – By revoking sub-paragraphs (b) and (c) of paragraph 2 thereof. Sec. 2. The amendments made by this Order shall not affect any act done, or any right accruing or accrued or any suit or proceeding had or commenced in any civil or criminal cause prior to the date of this Order but all such liabilities shall continue and may be enforced as if said amendments had not been made. John F. Kennedy The White House, June 4, 1963. * * * * Abraham Lincoln’s Monetary Policy, 1865 (Page 91 of Senate document 23.) Money is the creature of law and the creation of the original issue of money should be maintained as the exclusive monopoly of national Government. Money possesses no value to the State other than that given to it by circulation. Capital has its proper place and is entitled to every protection. The wages of men should be recognized in the structure of and in the social order as more important than the wages of money. No duty is more imperative for the Government than the duty it owes the People to furnish them with a sound and uniform currency, and of regulating the circulation of the medium of exchange so that labour will be protected from a vicious currency, and commerce will be facilitated by cheap and safe exchanges. The available supply of Gold and Silver being wholly inadequate to permit the issuance of coins of intrinsic value or paper currency convertible into coin in the volume required to serve the needs of the People, some other basis for the issue of currency must be developed, and some means other than that of convertibility into coin must be developed to prevent undue fluctuation in the value of paper currency or any other substitute for money of intrinsic value that may come into use. The monetary needs of increasing numbers of People advancing towards higher standards of living can and should be met by the Government. Such needs can be served by the issue of National Currency and Credit through the operation of a National Banking system .The circulation of a medium of exchange issued and backed by the Government can be properly regulated and redundancy of issue avoided by withdrawing from circulation such amounts as may be necessary by Taxation, Redeposit, and otherwise. Government has the power to regulate the currency and credit of the Nation. Government should stand behind its currency and credit and the Bank deposits of the Nation. No individual should suffer a loss of money through depreciation or inflated currency or Bank bankruptcy. Government possessing the power to create and issue currency and credit as money and enjoying the right to withdraw both currency and credit from circulation by Taxation and otherwise need not and should not borrow capital at interest as a means of financing Governmental work and public enterprise. The Government should create, issue, and circulate all the currency and credit needed to satisfy the spending power of the Government and the buying power of the consumers. The privilege of creating and issuing money is not only the supreme prerogative of Government, but it is the Governments greatest creative opportunity. By the adoption of these principles the long felt want for a uniform medium will be satisfied. The taxpayers will be saved immense sums of interest, discounts, and exchanges. The financing of all public enterprise, the maintenance of stable Government and ordered progress, and the conduct of the Treasury will become matters of practical administration. The people can and will be furnished with a currency as safe as their own Government. Money will cease to be master and become the servant of humanity. Democracy will rise superior to the money power. Abraham Lincoln, The White House, 1865 * * * * The USA could issue currency not backed by silver. Would this devalue and debase its currency? Not if at the same time of issuance the USA increased the reserve requirement of banks to match the issuance volume in order to keep the total amount of money constant. This achieves what the issuance of bonds achieves excepting the issuance of government backed notes in this case bear no interest and thus reduce the cost of government. Providing interest free loans to home owners and small business owners using this new issue would stabilize our economy without war or excessive interest and give the USA control over its business cycle. |
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Why not back some bills with chromite sand? Others with mercury
besides the ever so common place silver and gold. And while were at it how about garnet backed bills? Or petroleum based bills? Though I wouldn't suppose, bills should be backed by gravel though it might make heist a bit hard. Just my plan to make placer mining more profitable ;-)...................Trig |
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On Dec 21, 6:41*am, Fred J. McCall wrote:
wrote: The USA could issue currency not backed by silver or gold. * Would this devalue and debase its currency? The USA not only *could* do that, but it *HAS BEEN* doing that for a good half a century or so now. Not exactly. Prior to 1971 the Federal Reserve Notes which were USA's currency, was redeemable for gold at $35 per troy ounce. Nixon ended that when there was a run on US gold supply. After the Federal Reserve Act of 1913 the USA ceded to the Federal Reserve, a private company with sole right to print money - think of an insurance company that has a right to sell insurance - but not unlicensed companies. Federal Reserves notes are printed in response to the Federal government selling the Reserve bonds, which bear interest or to demands for cash created b Reserve banks making loans against a fraction of their deposits. The USA issues bonds to the Federal Reserve or private individuals qualify for loans and the Reserve prints currency. The bonds and loans bear interest payable to the bond buyers and debtors. As a result, every dollar created by the Reserve comes at the cost of debt. Banks eventually deposit this money in bank accounts, and through the magic of fractional banking, banks create more money by loaning out even more money. By adjusting interest rates and loan conditions money is created or destroyed - by the banks. There is another way. The USA may print money directly without issuing a bond. Lincoln did this during the Civil War. Kennedy did this with Executive Order 11.110 Obama has the right today to issue currency as a result of this Executive Order which still stands. This is a way out of our mess. For the US Government to print money and increase reserve requirements so as not to create inflation. Then we can recover control of our economy from foreign interests. Prior to the Civil War Jackson - who felt it his duty to end the tenure of the second bank of the United States - which he blamed for the War of 1812 - paid off the debt the US owed to the bank and removed all deposits from it. Jackson's greatest achievement he felt was that he killed this bank. Prior to the Civil War there was the War of 1812. Many people at the time, Jackson included, felt that the war was started because Congress failed to renew the license of the First Bank of the United States in 1811, which operated pretty much as the Fed does today and caused just about as much trouble to the US economy. In response, European bank interests funded the British invasion of Louisiana as a precondition to funding other military adventures the British were involved in at that time. Many felt at the time of the Civil War that the war between North and South was caused by European intervention in US affairs. European banking interests made low interest loans to the North, expanding their economy, while raising interest and contracting the money supply in the South. As the economic tension rose between the two regions, European interests funded Confederate revolutionaries who supported open war with the North. This fact was made clear from Lincoln's speeches of that time; http://showcase.netins.net/web/creat...hes/cooper.htm Lincoln didn't want to end slavery at the cost of Union, he valued Union over all else. After the war, Lincoln, like Jackson before him, didn't trust the European bankers. As a result, he sought to expand the issuance of greenbacks rather than rely on banking houses for money to expand the US economy. This many felt at the time was the cause of his assassination, which is reflected in the statements of Otto von Bismark at the time who said of Lincoln; "The death of Lincoln was a disaster for Christendom. There was no man in the United States great enough to wear his boots and the bankers went anew to grab the riches. I fear that foreign bankers with their craftiness and tortuous tricks will entirely control the exuberant riches of America and use it to systematically corrupt civilization." James Garfield also had great suspicion of debts and banks as Chairman of the House Appropriations Committee. As a result, he wanted to expand Lincoln's program of direct issuance of notes. Garfield was shot only days after a speech where he outlined this plan. William McKinley felt that following the development of gold mines in California and Alaska, that the USA had sufficient gold of its own to create a gold backed US currency - free of European banking influence. A few days after he asked a lawsuit against gold manipulators in New York to be brought against gold buyers so that Americans could keep their hands on their own gold, he was shot. The ability of bankers to manipulate currency levels by changing loan conditions against reserves that are only a tiny fraction of their total obligations were used to create panics and stampede Congresses and Parliaments throughout the world. The revolutionary war was funded in part by French bankers who put both the Revolutionaries and the British Crown into debt. They pushed through the early Congress a Central Bank, which decimated the economy of the early USA. Not worth a Continental was a frequently heard phrase. This caused people to distrust European controlled central banks. Which led to its demise in 1811. The War of 1812 was the result. In 1913 the USA created the Federal Reserve system in response to a series of engineered expansions and collapses following the death of McKinley. Despite the excesses of the past politicians and the public were told, the new century needed a new bank to deal with new technology. So, Congress passed the 16th Amendment after earlier attempts were routed by the Supreme Court in 1908 along with a new central bank, whose supporters didn't want to call a bank, because of its past association with failure - so it was the Federal Reserve. With a means to extract wealth from the USA through interest and a way to be assured of collecting it with taxes, banks then quickly moved to plunge Europe into war to drive up debts for all concerned. Congress and President Wilson who supported the earlier Federal Reserve efforts realized they were hoodwinked. Wilson said of the Federal Reserve, "I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated governments in the civilized world. No longer a government by free opinion, no longer a government by conviction and the vote of the majority, but a government by the opinion and duress of a small group of dominant men." In 1913, Congressman Charles August Lindbergh Sr. (father of the famed aviator) wrote:. Banking, Currency, and the Money Trust, and in 1917 he wrote "Why is Your Country at War?," attributing high finance as America's involvement in World War I. In June of 1963 President John Kennedy signed Executive Order 11.110 which re-authorized $4.3 billion of greenbacks. With the stroke of a pen, Mr. Kennedy was on his way to putting the Federal Reserve Bank of New York out of business. If enough of these certificates were to come into circulation they would have eliminated the demand for Federal Reserve notes and saved the government tremendous interest. As Kennedy sought ways to expand this program while reducing US involvement in Asia, Kennedy was assassinated. The USA could issue currency not backed by silver. It not only *could*, but it *HAS BEEN* doing so for over a century now. The last silver certificate was taken out of circulation in the 1990s. -- "Ignorance is preferable to error, and he is less remote from the *truthwho believes nothing than he who believes what is wrong." * * * * * * * * * * * * * * * *-- Thomas Jefferson |
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On Dec 21, 8:23*pm, |"
wrote: Why not back some bills with chromite sand? Others with mercury besides the ever so common place silver and gold. Because mercury is poisonous and silver and gold are not. And while were at it how about garnet backed bills? * Garnet occurs in too great an abundance and is easily faked. Or petroleum based bills? Petroleum doesn't hold its value and there's too much of it. Though proved reserves have been floated as a means for backing Arabian currency for many years now. Though I wouldn't suppose, bills should be backed by gravel though it might make heist a bit hard. There is way too much gravel in the world to make this workable. Although the Yap dollar comes close to this vision. http://www.teachers.cr.k12.de.us/~galgano/yapmoney.htm Just my plan to make placer mining more profitable ;-)...................Trig The split tally was a technique which became common in medieval Europe, which was constantly short of money (coins) and predominantly illiterate, in order to record bilateral exchange and debts. A Hazelwood stick was marked with a system of notches and then split lengthwise. The two halves both record the same notches and each party to the transaction received one half of the marked stick as proof. Later this technique was refined in various ways and became virtually tamper proof. One of the refinements was to make the two halves of the stick of different lengths. The longer part was called stock and was given to the party which had advanced money or (other items) to the receiver. The shorter portion of the stick was called foil and was given to the party which had received the funds/goods. Using this technique each of the parties had an identifiable and tamper-proof record of the transaction. The split tally was accepted as legal proof in medieval courts and the Napoleonic Code (1804) still makes reference to the tally stick in Article 1333. Along the Danube and in Switzerland the tally was still used in the 20th Century in rural economies. We could do the same thing with a little more sophistication as an iPhone or Android App today. http://www.youtube.com/watch?v=istE1bpoDPg |
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Here is an updated history of the USA as outlined by Caroll Quiqley -
historian at Georgetown Univerisity - and mentor to William Clinton, President of the USA. http://en.wikipedia.org/wiki/Carroll_Quigley Following the Revolutionary War the US Congress issues currency, the Continental. The Congress taxes their use at a rate that allows them to be retired in 20 years as the quite successful Colonial Scrip was used prior to the Revolution. The new nation refused to rely on foreign debt to fund its operation. This was the result of many founders blaming the policies of the Central Banks of Europe for the war in the first place. In response to the issue of this scrip those same European banking interests pay to counterfeit Continentals and pay to have them circulated throughout the new Republic. The resulting efforts reduce the value of the Continentals to 1/40th their face value in a few years. The ensuing hyperinflation is used to promote the idea a central bank is needed in the USA. So the Bank of North America is formed is installed in 1781 that makes available credit to back a new issue of currency. The way it worked is that instead of issuing currency directly, the Congress issues bonds which bear interest to the bank, which then circulates currency in response to demand. due to "alarming foreign influence and fictitious credit," favoritism to foreigners and unfair competition against less corrupt state banks issuing their own notes, such that Pennsylvania's legislature repealed its charter to operate within the Commonwealth in 1785. In response European bank made credit tight which created an economic downturn. This was exploited in newspapers owned by those banks to create a demand that something be done. Congress was bribed, and despite severe misgivings by people like Thomas Jefferson, the USA once again experimented with a central bank. In 1791 a 20 year charter was issued to the First Bank of the United States. This bank operated much the same way as the Bank of North America. Following a brief period of easy credit and low interest, which led to an economic boom, there was a period of high interest and money transfer overseas. By 1811 when the charter was scheduled for renewal, the First Bank of the USA lost its charter. As a result, the same banking interests made credit given to Britain contingent on them organizing an invasion of the United States. So, a few months later the War of 1812 followed. Following the war and the debt which surrounded it, tight money again plunged the nation into economic turmoil. The same voices that supported the creation of a central bank spoke again. After a five-year interval, the federal government chartered the First Bank's successor, the Second Bank of the United States (1816–1836). It was basically a copy of the First Bank, with branches across the country. Andrew Jackson, who was a hero of the War of 1812, became president in 1828. Jackson denounced the bank as an engine of corruption. His destruction of the bank was a major political issue in the 1830s and shaped the Second Party System, as Democrats in the states opposed banks and Whigs supported them. Jackson fired thousands of government workers who supported the bank, refused to do business with the bank, and was the only President to pay off all US debts to the bank. When the banks charter ran out in 1836 he successfully campaigned against its re-chartering. At that time there was an attempt on Jackson's life by the same banking interests who supported the bank. After 1836 only state-chartered banks existed. They could issue bank notes against specie (gold and silver coins) and the states regulated their own reserve requirements, interest rates for loans and deposits, the necessary capital ratio. The Michigan Act (1837) allowed the automatic chartering of banks that would fulfill its requirements without special consent of the state legislature. Banks issued notes to support their credit to corporations and individuals creating money as it was needed. By 1797, there were 24 chartered banks in the U.S., while with the beginning of the Free Banking Era (1837), there were 712. Deposit insurance companies arose to secure deposits naturally in the market and during this period the USA free of the manipulations of foreign banking interests saw the largest increase in its economic fortunes of any nation during this period. The Central European banks had to do something to end this 'good example' which the Europeans might follow and throw of the yoke of central banks in Europe. As a result, those banks arranged to create a large economic disparity in the 1840s between North and South by issuing additional credit to the North through banks they controlled in New York, while disallowing credit in the South, so the South could not participate fully in the economic expansion. Northern press controlled by European banks created controversy around the institution of slavery and political groups were funded to create division between North and South on this issue. By the 1860s this became the central political issue in the USA. They backed Lincoln in the North and Jefferson Davis in the South. The European bankers through France also provided easy credit for the South's military expenditures. There ensued a Civil War. The European banks supported the South and withdrew all credit from the North at the outset of hostilities - causing a reversal of economic fortunes for both sides. When European lenders quoted 30% interest to Lincoln, he went back to Washington without obtaining any loans. He asked what might be done and was told the Constitution allowed the US to issue its own currency. So, that's what he did. The National Banking Act of 1863, besides providing loans in the Civil War effort of the Union included provisions: * To create a system of national banks. The office of Comptroller of the Currency was created to supervise these banks. * To create a uniform national currency. * To finance the war. by issuing notes directly from the United States (Greenbacks), and Treasury bonds through the National banks. After the Civil War Lincoln sought to expand this program of direct creation of currency without the paying of interest. Lincoln like Jackson, had several attempts made on his life after. This time, the bankers succeeded. Otto von Bismark lamented the success of the bankers in mourning Lincoln's death. To promote the use of The government imposed a 10% tax on state bank bills, forcing most banks to convert to national banks. By 1865, there were already 1,500 national banks. In 1870, 1,638 national banks stood against only 325 state banks. Economic growth after the war boomed. European banks invested heavily in key industries to take profits out of this growth directly. They also sought to manipulate sectional differences where they could to create economic panics and then followed up those panics by carefully crafted political programs to promote the idea that the home grown system of banking was inefficient while reliance on a more stable European Central bank model backed by European currency would end these sorts of panics. European banking interests were also not above bribing officials to get their way. In 1880 House Speaker and Chairman of the House Ways and Means took office as President. He strongly supported the expansion of direct issuance of notes by the USA to create debt free money in the USA. He was assassinated in 1881. The tax led in the 1880s and 1890s to the creation and adoption of checking accounts so in this way banks could continue to issue note like instruments while avoiding the tax. By the 1890s, 90% of the money supply was in checking accounts. State banking had made a comeback. The California Gold Rush of 1848 combined with the Alaska gold rush in 1898 created the means by which the USA had enough gold and silver of its own to back its currency with gold - challenging European gold holdings. In his 1900 re-election campaign President McKinley sought to have a gold backed currency, using US gold. In order to stop manipulation of the gold market and the extraction of US gold to European hands, he supported a tariff, and when that failed to stop the wholesale transfer of gold through manipulation, caused charges to be brought against both the European and New York banks which participated in the transfer. In 1901 McKinley was shot. The lawsuit failed to produce the desired result. Much of the gold found in California and Alaska, made its way to European banks who promptly used it as credit to back loans 10x greater in the USA. These loans were then manipulated to create a panic in the early 1900s which resulted in the creation of the Federal Reserve in 1913 and the ratification of the 16th Amendment also in 1913. Lacking gold, the US government pledged the labor of the American people to secure the debts of the United States. In just 20 years, the US paid for its century of independence from European banks. By 1933 the Federal Reserve had bankrupted the United States and the Federal Reserve sued the country for bankruptcy. Roosevelt was forced to appropriate all the remaining gold owned by the citizens of the United States and pledged it to the Federal Reserve - holding it in Fort Knox - as part of the Emergency Bank Act. Roosevelt also supported the creation of a Social Security system which passed in 1938. The savings of all people of the USA are pledged to the Federal Reserve along with gold and tax receipts to secure continued credit from the Federal Reserve under this emergency legislation which continues to this day. After securing their ability to capture the income savings and gold of the people of the United States, these same banking groups funded the Communists in Russia along with the Facists in Germany and Italy, and the Japanese invasion of Manchuria - which led eventually to World War 2 and US involvement. This followed the same sort of approach that these same banking houses used to indebt the people of Europe for the previous 300 years. Create turmoil that leads to war, and in the heat of war, run up the debt of the combatants beyond all reason. The media empires that these banks accumulated in the USA sold War as a way to end the depression they had created and engineered. At the end of the war, the development of nuclear weapons and the conversion of allies - US and USSR - during the war into enemies - created a new round of demand for debt. To obtain this debt extending the emergency credit 14 years earlier, the present National Security Acts passed by the Truman were created to increase the power of the Federal government to tap into the wealth of the people and corporations of the United States. The money spent by the United States made the United States the most advanced military power in the world. Meanwhile, policies of the newly created IMF removed from the United States their ability to manufacture products it relies on. As a result, the US has the instruments to maintain world peace, but does not have the means to secure its own survival in the world. We are therefore easy prey to those who would control us for their ends. Meanwhile, throughout the 1950s and 60s European banks made development loans to third world countries who had rich resources. Leaders of those nations were bribed to steal the money and not develop their nations. They were allowed to get away with this as long as they cooperated with the central banks of Europe to extract the mineral wealth of their countries - in payment for the debts that would not be repaid through development, but through theft. In this way these banks could deny the people of each country the use of those resources while making use of it themselves at discount prices. These banks continued their control of the media inculcating generations of Americans and others. Taking real social issues and spinning them for their own purposes. The promotion of equality for women through people like Gloria Steinam, was paid for by the US Central Intelligence Agency, because it fit the goals of the bankers who now controlled many aspects of the government of the United States (and asked for the creation of the CIA in the first place). Absolute equality of women achieved two major goals of these bankers 1) It doubled the amount of labor they could make use of; 2) It reduced the impact of the family on childhood development ceding that to institutions who could then shape the development of children more to their liking. When Eisenhower tried to place limits Cold War spending and help secure our national economy from further ruin, as evidenced by his Military Industrial Complex speech when leaving ofiice in 1960. Eisenhower was pressured by the CIA to enter Vietnam in support of the French. His worry over costs in combination with missile expense caused him to do far less than the CIA wanted. Sputnik was funded in Russia, in 1957 and Kennedy was funded in the USA as a successor to Eisenhower was groomed by pointing out that Sputnik was evidence of the USA falling behind Russia. The idea of a Missile Gap was sold to the American people. JFK was elected and a new source of spending and debt was created for the nation - the National Space program grew dramatically with the election of JFK. JFK seemed to be the ideal candidate for the bankers. His father was a liquor importer at a time when liquor was illegal in the USA. JFK was considered a playboy who was easily controlled. Averell Harriman who represented central banking interests was appointed to work with JFK at the White House. JFK could be easily controlled. The Space Program along with the expansion of the War in Vietnam and the expansion of the US Missile Defense system along with expansion of social services - would continue to drive up debt of the USA to these European bankers. Kennedy saw this and made it clear that he would not allow US troops to enter Vietnam as a main force, nor would he allow the unlimited expansion of Nuclear Deterrence, seeking a cooperative link with USSR. He further sought to pay for Space Exploration and social programs by the direct issuance of notes - just as Lincoln had done during the Civil War. He felt that like Jackson, the US could issue notes without debt and use them to pay off its debt while increasing reserve requirements of the banks that operated and did business with the USA to not inflate the currency thus created. This is reflected in EO 11.1110 in June of 1963 where $4.3 billion in notes were issued directly by the USA - as permitted by the Constitution. When it was clear after the assassination of Diem in Vietnam in early Nov 1963 that Kennedy would not use this as a pretext to invade the country, he himself was assassinated later that same month. LBJ took office and reversed these decisions. |
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On Dec 24, 11:41*pm, William Mook wrote:
Here is an updated history of the USA as outlined by Caroll Quiqley - historian at Georgetown Univerisity - and mentor to William Clinton, President of the USA. http://en.wikipedia.org/wiki/Carroll_Quigley Following the Revolutionary War the US Congress issues currency, the Continental. *The Congress taxes their use at a rate that allows them to be retired in 20 years as the quite successful Colonial Scrip was used prior to the Revolution. The new nation refused to rely on foreign debt to fund its operation. *This was the result of many founders blaming the policies of the Central Banks of Europe for the war in the first place. *In response to the issue of this scrip those same European banking interests pay to counterfeit Continentals and pay to have them circulated throughout the new Republic. *The resulting efforts reduce the value of the Continentals to 1/40th their face value in a few years. *The ensuing hyperinflation is used to promote the idea a central bank is needed in the USA. *So the Bank of North America is formed is installed in 1781 that makes available credit to back a new issue of currency. *The way it worked is that instead of issuing currency directly, the Congress issues bonds which bear interest to the bank, which then circulates currency in response to demand. *due to "alarming foreign influence and fictitious credit," favoritism to foreigners and unfair competition against less corrupt state banks issuing their own notes, such that Pennsylvania's legislature repealed its charter to operate within the Commonwealth in 1785. *In response European bank made credit tight which created an economic downturn. *This was exploited in newspapers owned by those banks to create a demand that something be done. *Congress was bribed, and despite severe misgivings by people like Thomas Jefferson, the USA once again experimented with a central bank. *In 1791 a 20 year charter was issued to the First Bank of the United States. This bank operated much the same way as the Bank of North America. *Following a brief period of easy credit and low interest, which led to an economic boom, there was a period of high interest and money transfer overseas. *By 1811 when the charter was scheduled for renewal, the First Bank of the USA lost its charter. *As a result, the same banking interests made credit given to Britain contingent on them organizing an invasion of the United States. *So, a few months later the War of 1812 followed. *Following the war and the debt which surrounded it, tight money again plunged the nation into economic turmoil. *The same voices that supported the creation of a central bank spoke again. After a five-year interval, the federal government chartered the First Bank's successor, the Second Bank of the United States (1816–1836). It was basically a copy of the First Bank, with branches across the country. Andrew Jackson, who was a hero of the War of 1812, became president in 1828. *Jackson denounced the bank as an engine of corruption. His destruction of the bank was a major political issue in the 1830s and shaped the Second Party System, as Democrats in the states opposed banks and Whigs supported them. *Jackson fired thousands of government workers who supported the bank, refused to do business with the bank, and was the only President to pay off all US debts to the bank. *When the banks charter ran out in 1836 he successfully campaigned against its re-chartering. *At that time there was an attempt on Jackson's life by the same banking interests who supported the bank. After 1836 only state-chartered banks existed. They could issue bank notes against specie (gold and silver coins) and the states regulated their own reserve requirements, interest rates for loans and deposits, the necessary capital ratio. The Michigan Act (1837) allowed the automatic chartering of banks that would fulfill its requirements without special consent of the state legislature. Banks issued notes to support their credit to corporations and individuals creating money as it was needed. By 1797, there were 24 chartered banks in the U.S., while with the beginning of the Free Banking Era (1837), there were 712. * Deposit insurance companies arose to secure deposits naturally in the market and during this period the USA free of the manipulations of foreign banking interests saw the largest increase in its economic fortunes of any nation during this period. *The Central European banks had to do something to end this 'good example' which the Europeans might follow and throw of the yoke of central banks in Europe. *As a result, those banks arranged to create a large economic disparity in the 1840s between North and South by issuing additional credit to the North through banks they controlled in New York, while disallowing credit in the South, so the South could not participate fully in the economic expansion. *Northern press controlled by European banks created controversy around the institution of slavery and political groups were funded to create division between North and South on this issue. *By the 1860s this became the central political issue in the USA. *They backed Lincoln in the North and Jefferson Davis in the South. *The European bankers through France also provided easy credit for the South's military expenditures. *There ensued a Civil War. *The European banks supported the South and withdrew all credit from the North at the outset of hostilities - causing a reversal of economic fortunes for both sides. When European lenders quoted 30% interest to Lincoln, he went back to Washington without obtaining any loans. *He asked what might be done and was told the Constitution allowed the US to issue its own currency. *So, that's what he did. *The National Banking Act of 1863, besides providing loans in the Civil War effort of the Union included provisions: * * * To create a system of national banks. The office of Comptroller of the Currency was created to supervise these banks. * * * To create a uniform national currency. * * * To finance the war. by issuing notes directly from the United States (Greenbacks), and Treasury bonds through the National banks. After the Civil War Lincoln sought to expand this program of direct creation of currency without the paying of interest. *Lincoln like Jackson, had several attempts made on his life after. *This time, the bankers succeeded. *Otto von Bismark lamented the success of the bankers in mourning Lincoln's death. To promote the use of The government imposed a 10% tax on state bank bills, forcing most banks to convert to national banks. By 1865, there were already 1,500 national banks. In 1870, 1,638 national banks stood against only 325 state banks. Economic growth after the war boomed. *European banks invested heavily in key industries to take profits out of this growth directly. *They also sought to manipulate sectional differences where they could to create economic panics and then followed up those panics by carefully crafted political programs to promote the idea that the home grown system of banking was inefficient while reliance on a more stable European Central bank model backed by European currency would end these sorts of panics. *European banking interests were also not above bribing officials to get their way. *In 1880 House Speaker and Chairman of the House Ways and Means took office as President. *He strongly supported the expansion of direct issuance of notes by the USA to create debt free money in the USA. *He was assassinated in 1881. The tax led in the 1880s and 1890s to the creation and adoption of checking accounts so in this way banks could continue to issue note like instruments while avoiding the tax. By the 1890s, 90% of the money supply was in checking accounts. State banking had made a comeback. The California Gold Rush of 1848 combined with the Alaska gold rush in 1898 created the means by which the USA had enough gold and silver of its own to back its currency with gold - challenging European gold holdings. *In his 1900 re-election campaign President McKinley sought to have a gold backed currency, using US gold. *In order to stop manipulation of the gold market and the extraction of US gold to European hands, he supported a tariff, and when that failed to stop the wholesale transfer of gold through manipulation, caused charges to be brought against both the European and New York banks which participated in the transfer. *In 1901 McKinley was shot. *The lawsuit failed to produce the desired result. *Much of the gold found in California and Alaska, made its way to European banks who promptly used it as credit to back loans 10x greater in the USA. *These loans were then manipulated to create a panic in the early 1900s which resulted in the creation of the Federal Reserve in 1913 and the ratification of the 16th Amendment also in 1913. *Lacking gold, the US government pledged the labor of the American people to secure the debts of the United States. In just 20 years, the US paid for its century of independence from European banks. *By 1933 the Federal Reserve had bankrupted the United States and the Federal Reserve sued the country for bankruptcy. Roosevelt was forced to appropriate all the remaining gold owned by the citizens of the United States and pledged it to the Federal Reserve - holding it in Fort Knox - as part of the Emergency Bank Act. * Roosevelt also supported the creation of a Social Security system which passed in 1938. *The savings of all people of the USA are pledged to the Federal Reserve along with gold and tax receipts to secure continued credit from the Federal Reserve under this emergency legislation which continues to this day. After securing their ability to capture the income savings and gold of the people of the United States, these same banking groups funded the Communists in Russia along with the Facists in Germany and Italy, and the Japanese invasion of Manchuria - which led eventually to World War 2 and US involvement. *This followed the same sort of approach that these same banking houses used to indebt the people of Europe for the previous 300 years. *Create turmoil that leads to war, and in the heat of war, run up the debt of the combatants beyond all reason. *The media empires that these banks accumulated in the USA sold War as a way to end the depression they had created and engineered. At the end of the war, the development of nuclear weapons and the conversion of allies - US and USSR - during the war into enemies - created a new round of demand for debt. *To obtain this debt extending the emergency credit 14 years earlier, the present National Security Acts passed by the Truman were created to increase the power of the Federal government to tap into the wealth of the people and corporations of the United States. The money spent by the United States made the United States the most advanced military power in the world. *Meanwhile, policies of the newly created IMF removed from the United States their ability to manufacture products it relies on. *As a result, the US has the instruments to maintain world peace, but does not have the means to secure its own survival in the world. *We are therefore easy prey to those who would control us for their ends. Meanwhile, throughout the 1950s and 60s European banks made development loans to third world countries who had rich resources. Leaders of those nations were bribed to steal the money and not develop their nations. *They were allowed to get away with this as long as they cooperated with the central banks of Europe to extract the mineral wealth of their countries - in payment for the debts that would not be repaid through development, but through theft. *In this way these banks could deny the people of each country the use of those resources while making use of it themselves at discount prices. These banks continued their control of the media inculcating generations of Americans and others. *Taking real social issues and spinning them for their own purposes. The promotion of equality for women through people like Gloria Steinam, was paid for by the US Central Intelligence Agency, because it fit the goals of the bankers who now controlled many aspects of the government of the United States (and asked for the creation of the CIA in the first place). * Absolute equality of women achieved two major goals of these bankers *1) It doubled the amount of labor they could make use of; *2) It reduced the impact of the family on childhood development ceding that to institutions who could then shape the development of children more to their liking. When Eisenhower tried to place limits Cold War spending and help secure our national economy from further ruin, as evidenced by his Military Industrial Complex speech when leaving ofiice in 1960. Eisenhower was pressured by the CIA to enter Vietnam in support of the French. *His worry over costs in combination with missile expense caused him to do far less than the CIA wanted. Sputnik was funded in Russia, in 1957 and Kennedy was funded in the USA as a successor to Eisenhower was groomed by pointing out that Sputnik was evidence of the USA falling behind Russia. *The idea of a Missile Gap was sold to the American people. *JFK was elected and a new source of spending and debt was created for the nation - the National Space program grew dramatically with the *election of JFK. JFK seemed to be the ideal candidate for the bankers. *His father was a liquor importer at a time when liquor was illegal in the USA. *JFK was considered a playboy who was easily controlled. *Averell Harriman who represented central banking interests was appointed to work with JFK at the White House. *JFK could be easily controlled. *The Space Program along with the expansion of the War in Vietnam and the expansion of the US Missile Defense system along with expansion of social services - would continue to drive up debt of the USA to these European bankers. *Kennedy saw this and made it clear that he would not allow US troops to enter Vietnam as a main force, nor would he allow the unlimited expansion of Nuclear Deterrence, seeking a cooperative link with USSR. *He further sought to pay for Space Exploration and social programs by the direct issuance of notes - just as Lincoln had done during the Civil War. *He felt that like Jackson, the US could issue notes without debt and use them to pay off its debt while increasing reserve requirements of the banks that operated and did business with the USA to not inflate the currency thus created. This is reflected in EO 11.1110 in June of 1963 where $4.3 billion in notes were issued directly by the USA - as permitted by the Constitution. When it was clear after the assassination of Diem in Vietnam in early Nov 1963 that Kennedy would not use this as a pretext to invade the country, he himself was assassinated later that same month. *LBJ took office and reversed these decisions. So, obviously you would have done things a little differently, but then the whole truth and nothing but the truth about American history is anything but objective, mostly because selective evidence is always excluded whenever necessary in order to make us look as though our guys and gals did absolutely nothing wrong or took unnecessary risks that had any negative consequences. Obviously 911 could have been entirely prevented as of a decade before, just like our SEC and Ponzi Madoff fiasco could have been easily prevented) but then you still can't conceive of ever revising the public record of history, so chances are actually pretty good that we'll be getting ourselves deep into WW3 and having pretty much the same clueless knowledge of anything that got us into the WW3 mess. In the mean time, what we need is piles of surplus clean energy that's almost too cheap to meter, plus one hell of a robust national power grid that's at least mother nature bullet proof, and supposedly you got that one plus a whole lot more nailed for us, but only as long as we can manage to survive for at least another century because, it seems nothing of Mook energy or other Mook technological advancements is going to become available or influence the global market in any deflationary way, if ever. It seem Mook only believes in and functions via inflation, whereas insiders (market speculators), hoarders and GOP/Mafia types get to call all the shots. You don't seem to like whatever most anyone else is doing, but are you ever going to run for any public office or partake in any top level (government, corporate or private) think tanks? (other than your own think tank of one) ~ BG |
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