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(From Bob Taft:-)".... the US Government passed a law, which made
"gold holdings" illegal. They instantly confiscated everyone's gold, and gave
them pennies of what it was actually worth..."
Joe asks:- Can anyone tell us what was it
''actually worth''?
----- Original Message -----
Sent: Sunday, March 23, 2008 9:05
AM
Subject: Re: [socialcredit] in further
reply to Joe Thomson
Back about 1957 or 58 I heard on the radio that the
Geophysical Year scientists had figured that if the polar ice caps were to
melt the ocean levels would rise at least 200 feet. That made sense in
the Noah's ark case, an early axis shift.
Now you can see pictures of NYC sitting barely above
water level. And the US Capitol building is said to sit about 83 feet
above sea level.
The Antarctic ice shelf sits atop mountains higher than
any others throughout the world, including the Himalayas. Were it to
slide off the resulting world-wide tsunami would inundate every coastline in
the world. I would not miss DC or Wall Street.
Only day traders invest in the equity markets
today. There were about a hundred investment trusts fifty years
ago. Today there are over 5,000, now called mutual funds, for the
ignorant investor. The majority of shares in the Fortune 500 companies
are today in government portfolios, not in private hands. The time of
investing for the long haul is over. The system is crashing. The
Dollar is toast.
Note these two posts:
Add this to the mix: "This just came to me from one of the forex
newsletters I get. This fellow has a reputation of being a bit of a
trouble maker and always has something interesting to say. Hi
there  This is Felix writing. In the middle of November of 2007, I
had a gathering on a big yacht with 200 of our members. We discussed many
things, but one of the things I suggested to people is to open bank accounts
in Switzerland. I suggested to people opening accounts with UBS, which
at that time required a minimum deposit of only $100,000 US
Dollars. Today I received an email from my attorney who specializes in
US Tax Law. Here is exactly what the email said: "I
thought you would find this interesting: UBS is no longer accepting US
clients. current accounts will remain, but no new accounts. This is an
amazing development. There are other options, but most require large deposits
($3m+) from US clients."This email sent a shiver of
disturbance up my spine for the following reasons. 1. I am not sure if
you knew this or not, but after the stock market bust in the late 1920s, the
US Government passed a law, which made "gold holdings" illegal. They instantly
confiscated everyone's gold, and gave them pennies of what it was actually
worth, and whoever tried to buy gold again, became a criminal and was either
heavily fined or went to prison. This was a desperate act of the government to
inspire people to keep spending their money and stop them from hoarding it in
other instruments. 2. I am not sure if you knew this or not, but just a
short while back, in 2006, the US government stopped reporting the size of its
money supply. That basically means that since 2006, it has been creating
money, and nobody in the world officially knows how much money has been put
into circulation. This means that the US dollars might be so overinflated in
value than most people even realize. 3. In the beginning of 2008,
Chinese officials have mentioned for the second time within a few months that
they are holding too many dollars, and they would like to diversify their
portfolio. Please note that Japan and China have been the two biggest parties
buying up dollars, and their demand for dollars is what has kept it
afloat. 4. Several times in 2007, and perhaps before that, there were
serious suggestions made by some European country officials to set Euro as
currency to buy and sell oil with. The fact that demand for oil has been high,
and that in order to buy oil, one must buy it in US dollars, has also kept
demand for dollars high. So, to make the long story short, we have the
US Fed printing as much money as they want, with nobody knowing how much
exactly they have been printing, and I have a feeling that the supply of US
dollars is increasing a lot more rapidly than demand for them. In addition to
that, there are threats from many different parts of the world to hinder
demand for US dollars even further. Now, I hope you understand more
clearly why that email from my attorney disturbed me. If a major Swiss Bank is
stopping to accept US accounts, perhaps it's one of many preparation steps
from US government to make sure its citizens do not get their money out of the
country, in case there is another major financial crisis similar to the Great
Depression. This is just another suggestion that if you have a lot of
savings in US dollars or other US instruments, I strongly recommend to take it
out of the country. According to the words of my attorney, it seems
like Switzerland has shut its doors, but perhaps doors into some other
European countries are still open... Interested to hear your thoughts
and suggestions. This also seems significant:
----- Original Message -----
Sent: Friday, March 21, 2008 6:30 AM
Subject: [Crossover2012] American Refugees are flooding into
Canada
http://www.mathaba.net/rss/?x=586176American Refugees are
flooding into Canada In September of 2007, the city of Windsor, which
borders the United States, officially asked for financial assistance from
Ottawa to deal with American refugees flooding into Canada. This is
proving to be the tip of the iceberg, and only the first wave of economic
refugees that have been created in the United States. There are now
tent cities being built outside most large metropolitan areas, one of the
largest of which is in Los Angeles. The following report from the BBC
highlights the consequence of the US subprime meltdown and the fears that
the crisis is growing. http://news.bbc.co.uk/2/hi/americas/7297093.stmThe
homelessness situation has grown so rapidly in the United States that
certain cities are issuing color-coded wristbands - blue for those who can
stay, "orange for people who need to provide more documentation, and white
for those who must leave." Refugees will no longer be able to stay in one
area, meaning that many towns and cities will now have to be prepared to
receive migrant refugees displaced by local governments from other
districts and States." --- Ray
----- Original Message -----
Sent: Saturday, March 22, 2008 10:30
PM
Subject: Re: [socialcredit] in further
reply to Joe Thomson
You really can't see what problem would be solved?
I can't believe you took that literally. It was an updated and
green'd version of "a pox on all their houses" :)
And if I was really advocating disasters, it wouldn't be in the same
vein as disaster capitalism. It would be more on the order of killing
a cancer - to eliminate disease from the body.
Joe Thomson <thomsonhiyu@shaw.ca> wrote:
Vicky, I think what many people still call
'investing' through the stock market is more in the nature of
'speculating' these days. Possibly we all LOSE from that, even those
who think they're ahead because they've bought and sold stocks at a
profit. Since it may well be aiding in the destruction of the purchasing
power of our currencies.
I really fail to see just what 'problem'
would be solved by an earthquake causing the east coast of the USA to drop
into the ocean.
Seems to me the US has quite enough
problems caused by recent natural disasters to contend with already, and
none of them seem to have really 'solved' anything for the people affected
by them.
And for those not, it's almost like
saying we have to have continued disasters, or a war, for there to
be any (illusion of) prosperity in the country. Surely we can
do better than that in this day and age.
Joe
----- Original Message -----
Sent: Saturday, March 22, 2008
12:10 PM
Subject: Re: [socialcredit] in
further reply to Joe Thomson
Why on earth would people with small amounts of money invest it in
the stock market? The stock market is a rigged game. The
little guys - even when they band together in mutual funds LOSE.
Pray for an earthquake to drop the entire east coast of America
into the ocean.
Just
to expand somewhat, Joe, on my earlier reply.
Firms sell and
consumers purchase goods, services AND
securities. The problem now
is that consumers are
severely limited in their ability to
purchase
securities, because they as a class have only a
small
surplus in their wages and salaries over their costs
of
living. With the Social Credit dividend and retail
discount,
consumers will increasingly purchase
securities, and here I use the
term broadly defined,
from which they will increasingly derive
unearned
income in the form of dividends from firms whose
profit
is being sustained through the Social Credit
program. The Social
Credit dividend and discount are,
in the final analysis, nothing
more than macroeconomic
accounting adjustments that compensate for
the flaw in
double entry accounting demonstrated through the A +
B
theorem, something like leap year adjustments to the
calendar.
The full scope of the "dividend" in
Douglas's theory is not limited
to the Social Credit
dividend and discount. Some of the profit to
the
firms will be invested in new productive capacity
without
the necessity for loans from the banks. The
result is an economy
not nearly so financially
constrained as at
present.
Bill
------------------original
message-------------------
Bill, thanks for this explanation.
This is truly
fascinating. It is a difficult conception for me
to
immediately grasp, and I'm sure others would find it
so, too,
since it requires looking at things in a way
far differently from
the way we usually do. But put
as you've put it here, it does seem
to make sense.
When you wrote one time before, I believe it
was in a
discussion with Michael Lane a few years ago,
that
consumers buy goods and services, and 'securities',
then
with the Social Credit augmentations to income we
could expect to
see a broadening of capital ownership,
(and more investment in
'new' product development and
discoveries), as the "propensity to
consume",
(existing) product diminished and more of
our
individual incomes could be directed into investment?
If that's the case, then that would certainly be
something
different and more meaningful from what the
Kelso ESOP schemes,
("scams", because I think you're
right in what you've written
previously about a lot of
them being just that), have to offer.
Joe
____________________________________________________________________________________
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Vicky Davis
"If ye love wealth better than liberty, the tranquility of
servitude better than the animating contest of freedom, go home from us
in peace. We ask not your counsels or your arms. Crouch down and lick
the hands which feed you. May your chains set lightly upon you, and may
posterity forget that you were our countrymen." ~ Samuel
Adams
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Vicky Davis
"If ye love wealth better than liberty, the tranquility of
servitude better than the animating contest of freedom, go home from us in
peace. We ask not your counsels or your arms. Crouch down and lick the hands
which feed you. May your chains set lightly upon you, and may posterity
forget that you were our countrymen." ~ Samuel Adams
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Best regards,. Bob Taft The Taft Ranch Upton, Wyoming
(307) 465-2206 "The man who reads nothing at all is better educated
than the man who reads nothing but newspapers." [Thomas Jefferson] http://www.rumormillnews.com/cgi-bin/archive.cgi?read=74897"We
hang the petty thieves and appoint the great ones to public office." Aesop
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