nakedempire


The American Empire in a Changing World



Pages

Wednesday, July 27, 2011

'No longer deniable:''Under runaway debt burden, America's currency is headed for total collapse'

from natural news.....


"Treasury Secretary Tim Geithner recently told FOX News, "We write 80 million checks a month. There are millions and millions of Americans that depend on those checks coming on time."

That quote, all by itself, tells you just about everything you need to know about what America has become and why it's now headed for certain economic collapse. In a nation that once began with the idea that government should stay out of the way and leave people alone to create their own abundance through hard work and private savings, we now have horrifyingly transformed intoa nation of 80 million dependantswho need their government checks each month just to survive.

And why does the government "owe" all these people their benefits such as socialsecurity? Because the U.S. governmentconfiscated thatmoneyfrom the people by skimming it off their paychecks, year after year, and then promising all the workers they would eventually get that money back.

That was all a Big Government lie, of course.Social Securitywas the greatestfinancialcon ever perpetrated on theAmerican people. It's really justBig Government saying, "We'll force you to give us your money, and then we'll spend it all, and we'll somehow promise to pay you back someday." Except that for tens of millions of Americans who have paid into social security like me,we are unlikely to ever see a dime of that moneybecause the government is going to financially implode well before we ever reach the benefits age.
You see, even while the government was promising it would pay back all the money it stole from workers, it was simultaneously conspiring with the Federal Reservetodevalue the dollarand thereby erode the actual purchasingpowerof the "benefit checks" people receive. Since the Federal Reserve took control of the U.S.money supplyin 1913,the U.S. dollar has lost 97% of its value, didn't you know? (http://www.lewrockwell.com/orig11/c...) And the remaining three percent is about to vanish in one finalgrand blowoutof the world's greatest debtor nation known as the United States ofAmerica.

A recent review of the actions of the Federal Reserve, for example, reveal that this rogue organizationcreated $16 trillionin new money and then handed it out tobanksaround the world (http://www.unelected.org/audit-of-t...). Here's just a partial list of the top recipients of all this new money:

Citigroup: $2.5 trillion ($2,500,000,000,000)
Morgan Stanley: $2.04 trillion ($2,040,000,000,000)
Merrill Lynch: $1.949 trillion ($1,949,000,000,000)
Bank of America: $1.344 trillion ($1,344,000,000,000)
Barclays PLC (United Kingdom): $868 billion ($868,000,000,000)
Bear Sterns: $853 billion ($853,000,000,000)
Goldman Sachs: $814 billion ($814,000,000,000)
Royal Bank of Scotland (UK): $541 billion ($541,000,000,000)
JP Morgan Chase: $391 billion ($391,000,000,000)
Deutsche Bank (Germany): $354 billion ($354,000,000,000)
UBS (Switzerland): $287 billion ($287,000,000,000)
Credit Suisse (Switzerland): $262 billion ($262,000,000,000)
Lehman Brothers: $183 billion ($183,000,000,000)"..................READ MORE

No comments:

Post a Comment