Here is a technical article on debt-dollar discipline. It is part 1 of three parts. It is a masterpiece at presenting the source of the fundamental problems.
http://theautomaticearth.blogspot.com/2 ... pline.html
It is followed by several other interesting articles.
Now, here is a completely different viewpoint. You be the judge.
From: Peter Haines
DeGraw "still doesn't know the half of it. [
http://poorrichards-blog.blogspot.com/2 ... ggest.html David DeGraw, "Are the Federal Reserves Crimes Too Big to Comprehend?" ]
A figure I put up in a discussion some time back after the $700B gift by Obama if I remember correctly was $13 trillion.
Being mindful of the fractional reserve system, that $700B would have created about $13-14T by creating $20 new debt $s to every $1 of equity in the $700b.
The writer asked if the Fed was the central bank of the world? He should know its not. The Bank of International Settlements is the Reserve Bank of the world and has been since its advent in the 1920s. The Federal Reserve is the dominant banking system thanks to Bretton Woods in 1944, that conference being managed by Harry Dexter White a Communist Jew in the US State Department. He would have had to have been a Bernard Baruch appointee. The Fed has stood over the world trade and economic development since world war two ( along with the Military-Industrial Complex's Cold War) on the one hand and the most powerful industrial nation ( US) on the other as it source of power and a portion of which funded the Zionist state of Israel and the UN.
The 'dollar' effectively is not a national currency nor ever was from 1944 at least, which is why US industry could migrate anywhere as they did to China. It's a global system. That's why the Dollar isnt bankrupt since its backed by ( collateral) all those indutrial complexs of all those nations it spread its money to here in the article. Remember the Marshall Plan?
Prior to World War 1 that power resided in the City of London.
On the 7th aniversary of the 9/11 epic snuff theatrics in New York, the Bank of International Settlements directed that the banks pay off the debts underlying the Dollar. The Fed has simply been complying according to plan to restructure the world financially and economically. Obama had to borrow the $700B from the Fed to pay the Fed for debts which become a 'deposit' from which the Fed ratcheted out about 20:1 new money to pay off debts behind bonds and Certs to restore confidence in those who had stored these as reserves around the world. China was quite happy to continue to accept them because the collateral was sitting in her industrial parks as well as in the US infrastructure abroad.
I am sure if one investigates Saudi investment it too would be found to be a major investor also in the same enterprise over the Bush years.
An aside to this point is the fact that China was knowingly funding the Bush crimes against humanity and the gouging at home and abroad by the military-industrial complex, as territories and resources were captured and others cowered under the threat of the same, boosting the global cartels 'mass' behind the global $ and its 'trogan forces' supplied by American and Mexican families. The current situation in Afghanistan shows this global military enforcer includes most of Europe along with local puppet govt forces, developing a single military system using Afghanistan as the live training ground, mainly against civilians, for the new world government - reformed United Nations.
Americans can hope they arent going to go through what people did over 70 years in Russia and surrounding peoples and what they put the Germans through from world war 1, a depression and a second world war to become a compliant state of the global powers. Since all these peoples were fundamentally Christian nations and that the US has been the dominant Christian nation over the same time ( this is a past tense truth) you may well find its your turn inspite of the fact the US is primarily a liberal Jewish society today.
Add to this the world tax on carbon, a fabian ( international socialism - Tony Blair was the President of the British Fabian Society, and remember how chummy he and 'conservative' Bush were!) - a fabian exercise to base world govt upon, the reformed United Nations. They have been working on reforms for years and you know all about it right, media tells us everything right,
well that money will go to the International Monetary Fund, subordinate to the Bank of International Settlements. One of the functions is to 'help' the debt drowned third and fourth nations. So once all that tax is in, and ratcheted out under the good old fractional reserve principles we can see that the banks will get paid out again regards the 'assets' they hold representing the debts of those poor nations. That's how we are going to help them, to pay back to the banks on their behalf because we have supposedly threatened life existance by our living in the west.
So the money system is backed effectively by most of the planet. It might be criminal but did that make the mafia bankrupt?
I don't post things because I believe that they are the absolute truth. I post them because I believe that they should be considered.