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Trancer-X
mutatis mutandis
Registered: Jul 2001
Location: Shambhala
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Of course. Then they can step in and play savior.
quote: | A Plot For Economic Crisis
Maurice Strong believes--or says that he believes--the world's ecosystems can be preserved only if the affluent nations of the world can be disciplined into lowering their standard of living. Production and consumption must be curtailed. To bring that about, those nations must submit to rationing, taxation, and political domination by world government. They will probably not do that voluntarily, he says, so they will have to be forced. To accomplish that, it will be necessary to engineer a global monetary crisis which will destroy their economic systems. Then they will have no choice but to accept assistance and control from the UN.
This strategy was revealed in the May, 1990, issue of West magazine, published in Canada. In an article entitled "The Wizard of Baca Grande," journalist Daniel Wood described his week-long experience at Strong's private ranch in southern Colorado. This ranch has been visited by such CFR notables as David Rockefeller, Secretary-of-State Henry Kissinger, founder of the World Bank Robert McNamara, and the presidents of such organizations as IBM, Pan Am, and Harvard.
During Wood's stay at the ranch, the tycoon talked freely about environmentalism and politics. To express his own world view, he said he was planning to write a novel about a group of world leaders who decided to save the planet. As the plot unfolded, it became obvious that it was based on real people and real events.
Wood continues the story:
Each year, he explains as background to the telling of the novel's plot, the World Economic Forum convenes in Davos, Switzerland. Over a thousand CEO's, prime ministers, finance ministers, and leading academics gather in February to attend meetings and set economic agendas for the year ahead. With this as a setting, he then says: "What if a small group of these world leaders were to conclude that the principle risk to the earth comes from the actions of the rich countries? And if the world is to survive, those rich countries would have to sign an agreement reducing their impact on the environment. Will they do it?... The groups conclusion is 'no.' the rich countries won't do it. They won't change. So in order to save the planet, the group decides: Isn't the only hope for the planet that the industrialized civilizations collapse? Isn't it our responsibility to bring that about?"
"This group of world leaders," he conntinues, "form a secret society to bring about an economic collapse. It's February. They're all at Davos. They aren't terrorists. They're world leaders. They have positioned themselves in the world's commodity and stock markets. They've engineered, using their access to stock exchanges and computers and gold supplies, a panic. Then, they prevent the world's stock markets from closing. They jam the gears. They hire mercenaries who hold the rest of the world leaders at Davos as hostages. The markets can't close. The rich countries..." And Strong makes a slight motion with his fingers as if he were flicking a cigarette butt out the window.
I sit there spellbound. This is not any storyteller talking, this is Maurice Strong. He knows these world leaders. He is, in fact, co-chairman of the Council of the World Economic Forum. He sits at the fulcrum of power. He is in a position to do it.
"I probably shouldn't be saying things like this," he says.
- G. Edward Griffin, The Creature from Jekyll Island, pp 532-533
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Last edited by Trancer-X on Oct-01-2008 at 17:42
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Oct-01-2008 17:02
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Trancer-X
mutatis mutandis
Registered: Jul 2001
Location: Shambhala
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Definitely grab the popcorn because there's a lot more to the story.
quote: | Chapter Twenty-Five
A Pessimistic Scenario
The future portrayed as a continuation of present trends including a hypothetical banking crisis, massive inflation, collapse of the economy, domestic violence, the issuance of a new UN money, the arrival of UN "Peacekeeping" forces, and the final merger into the New World Order, a form of high-tech feudalism.
- G. Edward Griffin, The Creature from Jekyll Island, pp 537 |
quote: | Summary
A pessimistic scenario of future events includes a banking crisis, followed by a government bailout and the eventual nationalization of all banks. The final cost is staggering and is paid with money created by the Federal Reserve. It is passed on to the public in the form of inflation.
Further inflation is caused by the continual expansion of welfare programs, socialized medicine, entitlement programs, and interest on the national debt. The dollar is finally abandoned as the defacto currency of the world. Trillions of dollars are sent back to the United States by foreign investors to be converted as quickly as possible into tangible assets. That causes even greater inflation than before. So massive is the inflationary pressure that industry and commerce come to a halt. Barter becomes the means of exchange. America takes her place among the depressed nations of South America, Africa, and Asia - mired together in economic equality. Politicians seize upon the opportunity and offer bold reforms. The reforms are more of exactly what created the problem in the first place: expanded governmental power, new regulatory agencies, and more restrictions on freedom. but this time, the programs begin to take on an international flavor. The American dollar is replaced by a new UN money, and the Federal Reserve System becomes a branch operation of the IMF/World bank.
Electronic transfers gradually replace cash and checking accounts. This permits UN agencies to monitor the financial activities of every person. A machine readable ID card is used for that purpose. If an individual is red flagged by any government agency, the card does not clear, and he is cut off from all economic transactions and travel. it is the ultimate control.
Increasing violence in the streets from revolutionary movements and ethnic clashes provide an excuse for martial law. The public is happy to see UN soldiers checking ID cards. The police-state arrives in the name of public safety.
Eventually, all private dwellings are taken over by the government as a result of bailing out the home-mortgage industry. Rental property is also taken, as former landlords are unable to pay property taxes. People are allowed to live in these dwellings at reasonable cost, or no cost at all. It gradually becomes clear, however, that the government is now the owner of all homes and aoartments. People are living in them only at the pleasure of the government. They can be reassigned at any time.
Wages and prices are controlled. Dissidents are placed into work armies. There are no more autos except for the ruling elite. Pubic transportation is provided for the masses, and those with limited skills live in government housing within walking distance of their assigned jobs. Men have been reduced to the level of serfs who are subservient to their masters. Their condition of life can only be described as high-tech feudalism.
There is no certainty that the future will unfold in exactly that manner, because there are too many variables. For example, if we had assumed that there will not be a banking crisis...
- G. Edward Griffin, The Creature from Jekyll Island, pp 562-563 |
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Oct-02-2008 04:58
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Trancer-X
mutatis mutandis
Registered: Jul 2001
Location: Shambhala
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Buy gold while it's still under $1000/oz
quote: | US Mint suspends sale of 24-karat gold coins
Friday September 26, 2:57 pm ET
By Martin Crutsinger, AP Economics Writer
US Mint forced to suspend sales of American Buffalo 24-karat gold coins due to heavy demand
WASHINGTON (AP) -- The U.S. Mint is temporarily halting sales of its popular American Buffalo 24-karat gold coins because it can't keep up with soaring demand as investors seek the safety of gold amid economic turbulence.
Mint spokesman Michael White said Friday that the sales were being suspended because demand for the coins, which were first introduced in 2006, has exceeded supply and the Mint's inventory of the coins has been depleted.
The Mint had to temporarily suspend sales of its American Eagle one-ounce gold coins on Aug. 15 and then later that month announced sales of the American Eagle coins would resume under an allocation program to designated dealers.
White said the Mint expected to soon start distributing available Buffalo gold coins through a similar allocation program.
Through Thursday, the day the Mint suspended sales of the American Buffalo, the Mint had sold 164,000 of the coins this year, up 54 percent from the same period a year ago.
"People are scared. Gold has become a safe haven," said Michael Maroney, a vice president of sales at gold dealer Monex Precious Metals in Newport Beach, Calif.
Maroney said that demand for the one-ounce American Eagle coins was "through the roof." He said Monex still had American Buffalos available Friday because the company had recently stocked up on them.
With the financial crisis gripping markets in recent weeks, investors have rushed to safe havens such as gold and Treasury securities. Demand for three-month Treasury bills last week pushed their yields down sharply to levels not seen in decades.
Investment advisers, however, caution that the volatility often seen in gold prices could make investments in this area more of a risky decision if gold prices suddenly begin to fall sharply.
As the financial crisis unfolded in the past few weeks, American Gold Exchange Inc. saw demand for coins go up about 50 percent, according to Bill Musgrave, a vice president of the Austin, Texas-based gold dealer.
The Mint introduced the American Buffalo gold coin, the country's first 24-karat gold coin, in 2006. Congress authorized production of the coin in an effort to capture a portion of the global market for pure gold coins, competing with such coins as the Canadian Maple Leaf.
Associated Press business writer Candice Choi contributed to this report.
http://biz.yahoo.com/ap/080926/mint_gold_coins.html |
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Oct-02-2008 05:31
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jerZ07002
Supreme tranceaddict
Registered: Dec 2006
Location:
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quote: | Originally posted by Trancer-X
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if the dollar gradually loses its value then imports lose their advantage in the US and exports gain advantage around the world. At some point the trade balance would move closer to import/export parity. there will never be a 'run' on the dollar because the balance of payment number will never move wildly out of control as to where it is unexpected (a factor needed to have a run on an institution). It will always be gradual movement allowing people and the economy to adjust.
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Oct-02-2008 05:31
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