What do Chicken Little and Bankers have in common?
They both claim the sky is falling.
In fact, for a couple of weeks now the financial industry i.e., "the markets," have been in a tailspin and most Americans are in panic mode while others are as mad as hell.
I admit I'm a bit excited and strangely unafraid but certainly not surprised, as I knew this was going to happen.
Supposedly, this crisis is so severe that our craven and lunatic representatives in Congress and the Executive branch have handed wall street what promises to be a blank check to buy whatever toxic financial sludge they think appropriate to calm the market's nerves and their insanity shows no sign of abating.
But in order to gauge the true severity of this crisis, we must first understand its nature... which brings me back to a post I wrote in May '06 that demonstrates that this so-called "crisis" was years in the making...
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The Sky is Falling...
Or is it?
Li Yong, China's vice minister for finance, said he had heard a "rumor'' that the U.S. dollar was headed for a 25 percent drop. If the gossip was true, the consequences would be "shocking," he said.
But, is it really? For months we've known that this was going to happen (some have known for decades).
Asia may be getting ready to fix its currencies to a local anchor, dumping the region's unofficial dollar peg.
[F]inance ministers of China, Japan and South Korea got together with their counterparts from the Association of Southeast Asian Nations, or Asean [said that they] would sponsor a research project, titled "Toward greater financial stability in the Asian region: Exploring steps to create regional monetary units.''
Of course. They're getting their houses in order.
An Asian Currency Unit, or ACU, will be an index that seeks to capture the value of a hypothetical Asian currency by taking a weighted average of several of them. The weight for a particular currency in the index may be determined by the size of the economy and the quantity of its total trade.
The ACU is an accounting unit; IT WON'T CHANGE HANDS IN THE PHYSICAL WORLD. [emphasis added]
The ACU will start making a difference when it becomes the fulcrum of exchange-rate management in Asia.
All it takes is an agreement to TRUST eachother.
Money is a STANDARD to measure PRODUCTIVE activities.
But for centuries, it's been abused as a means to EXPLOIT and GAMBLE. With its "my currency is your problem'' attitude, the U.S. has made a negotiated settlement of global imbalances a diplomatic non-starter. China isn't willing to consider the U.S. argument that quicker appreciation of the yuan may prevent a costly adjustment later. Once again in Hyderabad, Undersecretary Adams tried valiantly to get this message across to Chinese Vice Finance Minister Li. He was wasting his breath. Li, as Adams noted wryly, "knows all my talking points.''
So do we.
And we too know better than to think that 'your currency problem' is our responsibility.
After creating a financial vortex that's about to suck up their fortunes, the Fed and their banking cohorts want to sacrifice our lives to satisfy the gaping void.
Don't let them do it.
THEY are releasing these signals.
THEY want the world to panic - to scurry about like roaches.
Don't do it.
Put your trust in God and eachother. Think clearly and act accordingly.
DO NOT FEAR poverty. THAT's how they control us.
If you have FOOD and SHELTER and the people you love close to you, then you have EVERYTHING that's important in this world.
Let them burn in their own flames.
On their ashes, those with faith will remain standing.
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And so it is almost two years later...only Chicken Little and Bankers think the Sky is Falling.
The rest of us know it's Blue behind those clouds.
Because this so-called "credit crisis" is not ours.
Credit is created from thin air.
Literally anyone can create it.
And we do everytime we say - "thanks - I owe you one!"
It's an agreement between two people whereby each agrees that something valuable was exchanged between them and there is an imbalance in the accounts, i.e. when one party is 'indebted' to the other by some value, the other can be said to have extended 'credit' to the debtor.
In today's world that value is more often than not measured in terms of "money" which through stealth and corruption became exclusively controlled and manipulated by a handful of moneymasters.
Therein lies the problem.
The so-called credit crisis exists because we think we need these moneymen in order to conduct our affairs when in fact we don't.
They are self-appointed middlemen and they can be cut out.
The so-called financial crisis that we're witnessing today is NOT our crisis. It's THEIR crisis - a crisis of their own making.
Let them stew in it.
For us, it's an opportunity to finally emerge from a chronic condition of unnecessary allegiance to a handful of money masters who managed through stealth and corruption to gain that which is rightfully ours - exclusive control over OUR money system - the method by which we measure the value of our resources and ultimately of our own lives.
QRS, besides FIAT CURRENCY (i.e. fractional reserve banking), there's 2 other important concepts:
1) Dollar Hegmony
2) Currency Wars
All the talk of a "free-floating Yuan" wasn't about it being undervalued, per se. I was because the Rothschilds wanted to engage in currency arbitrage.
This is the situation in which you pump up currency A and depress currency B. Buy Currency B with the inflated A. Then Reverese, i.e. depress currency A and inflate B. Buy A with B. A = US dollars and B = Chinese RMB.
Rinse & Repeat !!!
This week in DC, during the largest drop of the Dow Jones.
It's all another manufactured crisis, that will result in uneeded legislation and intrusion into our lives.
The same pack of con artists, thieves and liars that created this mess will now be given the job of straightening out the mess, all at a hefty profit.
And we'll get draconian new laws that further throttle our freedoms, but it will be for our own good.... of course.
IF Washington was serious about reassuring the financial markets, they'd sic an army of DA's onto Wall Street, rounding up by the score the thieves behind this massive theft and start trying them in court with an expedited calendar.
When the world sees that we are serious about the situation and plan to arrest and imprison those behind this mess, the markets will calm down and money will start being invested again in America.