A Clever Alternative To Secession--Gold Is Not The Answer, It's The Problem

embed this tweet
Gold Is Not The Answer, Gold Is Part of The Problem

Bank of North Dakota

In my last post I quoted Patriot Update's contention that Patrick Henry, the great American revolutionary figure, proposed secession. It was only suggested because Henry believed devoutly that the Constitution was an abandonment of freedom won in the Revolutionary War.

Today, with America financing war after war--and getting deeper and deeper in debt--with our tax dollars and the Fed giving money away like  peanuts, his words are coming true. He believed groups of states joined together in a loose confederacy could better preserve hard-fought freedoms than a one power-sucking central government like we have today. He was right, you know. About the central government being too big and too much of a power magnate.

My idea is not my idea, it has been tried and tested for 90 years by the State of North Dakota. It is their state bank, The Bank of North Dakota. It has successfully operated, treating citizens of North Dakota with preference, churning all profits from bank operations back to North Dakota's state government for infra structure improvements, thus lowering taxes for of all its citizens. This is not just a good idea, it's a great idea. Especially, at a time when the U.S. central bank, The Federal Reserve System, without having to seek our approval  or telling Americans, is sending trillions of dollars of debt-filled American money to various countries of the world, fulfilling their dream of creating a one-world economy on the backs of our grandchildren.

Joseph Fareh, of worldnetdaily.com, had this to say about the Fed: "It is no secret to anyone that we are living in very precarious times. Americans are being robbed blind and they don't even know who's doing the robbing."

"Clearly we're in a bust and we're headed to the edge of a cliff," said Peter Schiff, author of Crashproof.  
"There's still probably time to change course. The only problem is that the people driving the bus don't yet realize that there's a cliff there." He's right, none of the GOP candidates--except Ron Paul--are even talking about this. None but Paul are serious about auditing and ending the Fed's domination over our money.


But Bill Still, Schiff, and Fareh understand the problem.  They are talking about today's huge financial crisis, much of it caused by the housing financial bubble that burst in 2008. It existed because of hubris and political desires of people like Barney Frank, Chris Dodd, and others to make sure that every American was able to purchase a house. They got President George W. Bush to tell Fannie and Freddie to lower home buyer entry requirements and that if there was a problem the government would "back them up." Well, those loans predictably failed. We are in the backup stage, with bailout after bailout of banks, GM, Chrysler, Wall Street, and  other friends of Barak Obama--even a government takeover of Freddie Mac and Fannie Mae..

The bust is here and we are even closer to a depression than ever before that will see further foreclosures and soaring prices at the stores, and the answer isn't gold. Nationally, gold is the problem. 

The problem has driven business to a halt and jobless numbers to soar to over ten percent at one point. In certain age sectors, such as 16 to 25, the jobless number is more like 25 percent. It is also very high in the 55 to 65 age category. Many people just can't find a job they are qualified for. Michael Hudson, professor of economics, University of Missouri (Kansas City) says because no one in the government of either party is solving the problem. "...the answer is that it's going to go into a depression as far as the eye can see." And the answer isn't another FDR-like phony jobs building effort. It has its roots in our monetary system.

"What can the government do?" asks Bill Still, prize winning documentary winner. "The sad answer is that it's not going to get any better until the root cause of the problem is understood and addressed. There isn't enough stimulus money in the world to get us out of this hole. Why debt? [Why do we have the debt?]. The national debt [in January, 2012 it is approaching $16 trillion] is just like our consumer debt. It's the interest that's killing us."

Byron Dale is of the same mind. "You must understand that every penny, every dollar, that we have in circulation is created as interest bearing debt." Dale is a Minnesota legislator trying to set up a North Dakota-like state bank in the Gopher State. He authored the popular book Modern Money Secrets. Like the others, he is convinced that as long as we have the Fed printing our money, there will be a problem.

The answer is to return to interest-free money printed for the benefit of all Americans by the U.S. government. We have seized this power from the central bankers six times, but each time--for reasons no one can adequately explain--we have allowed a central bank to rule over us, making them our masters and each of us serfs or slaves to big money. Each time the Fed takes over, it nullifies most of what America was fighting for in the Revolution. The war was fought because England demanded colonialist honor an English Stamp Act that exacted heavy fees and taxes from the Americans. And it had to be paid in gold. That galvanized opposition to England and led to the Revolutionary War, because Colonial America had no gold. No other currency would satisfy these money hungry Bank of England "rulers" who today are complicit in the biggest world fraud ever--that of setting up central banks in most countries, making citizens of the world beholden to them.

When government spends more than it collects in taxes, it has to borrow the difference in the form of interest-bearing IOUs such as U.S. bonds. "When a U.S. bank buys a one hundred dollar U.S. bond," says Still, "it gets to loan out ten times that amount. So the bank not only gets back the one hundred dollars plus interest on the federal government, it gets to loan out another thousand dollars the bank does not have and charge additional interest.

"Banks are allowed to create this extra money out of thin air. That's why bank buildings are the biggest in any town on the planet. [This system of lending much more than what you have is called Fractional Reserve Lending. Almost all of our money is made that way, lending it to people, companies, and government.]

But there is another way for government to get money. Simply issue it without debt for the benefit of all citizens equally the same way it was done by Abraham Lincoln, Ben Franklin and Andrew Jackson. Honest men have fought this debt-money system throughout history. "But unless we change it soon most of our freedom will soon be lost in a tidal wave of debt," says Still.

This is the most important subject intelligent people can investigate and reflect upon. Yet, only Ron Paul, of all those running for the White House, has any notion of the problem and its solution. To elect anyone but Ron Paul is a vote for the same politics of the past fostered by Bill Clinton, George Bush, and Barak Obama. Big government, big military, aggressive wars, and massive debt are currently our biggest problems--in other words, the monetary problem that is driven by the above drivers of debt is our problem. But the solution is simple. Understand how the money works in America and you can solve the problem. Understand that you must dissolve the Fed before you can solve America's money problem.

Why aren't politicians debating this issue? It is because all except Congressman Paul are beholden to big money interests in our country and abroad. If not, then how did Romney, Perry, and Cain amass the money they collected to run for president? Sound preposterous? Well, it isn't. It's a fact of life and Americans had better educate themselves on this problem or we are done as a free country.
http://bit.ly/tjGsUc


Also read how the nation's only state-owned bank become the envy of the nation:
http://motherjones.com/mojo/2009/03/how-nation%E2%80%99s-only-state-owned-bank-became-envy-wall-street