[Mb-civic] IMPORTANT INFO PLEASE READ

[Christine Marie]

----- Original Message ----- 
From: Jeffry J Fasano 
To: jefffasano at juno.com 
Sent: Sunday, November 28, 2004 9:44 AM
Subject: Some more truth......




What You Didn't Know About the Dollar & Iraq 
by Mark Owen

The Federal Reserve is a system of private banks separate and
distinct from the U.S. government. This banking system was
originally conceived by John D. Rockefeller and J.P. Morgan.
The FED, as it it known, is listed in the white pages along
with Federal Express, the Federal Deposit Insurance Corporation,
and other businesses. The bank produces Federal Reserve Notes.
They use these notes/dollars to purchase government bonds. These
notes are a fiat currency. Historically, all fiat currencies
eventually crash due to hyperinflation from over-issuance. The
supply of paper is limitless. There is no intrinsic value in
paper currency after delinking from a gold standard. This is
why they are referred to as bank notes. Legally, they can't be
referred to as 'money.' They are mere tickets/tokens. Forced
tender laws were passed in order to give the paper currency
legitimacy. The only thing giving bank notes value is TAXATION.
Gold and silver have intrinsic value due to scarcity and the
fact that it takes work to produce them (mining, smelting etc).
This is why they have been used as money for 5000 years.
Precious metals are a good store of value. They retain their
value over time and aren't subject to inflation. The fiat
paper system is designed to create debt through inflation
(devaluation of currency). Whenever there is an increase in
the money supply without a corresponding increase in gold or
silver backing, inflation results. Inflation is a subtle form
of theft banks impose upon citizens.

Goodbye gold-

In the 1960s Lyndon Johnson borrowed billions from the French
Rothschilds so he wouldn't have to raise taxes to finance the
Viet Nam war. Rothschild agent Charles de Gaulle demanded
repayment in gold, not greenbacks. When Richard Nixon was
elected he noted that the treasury was almost depleted of
gold and he removed the dollar from the gold standard. But
the debt still stood. Nixon collateralized the debt with the
mineral estate of the western U.S. and a land-for-debt swap
was initiated. Much of the western States were given to the
banks. This is when Nixon created the Environmental Protection
Agency. Their mandate was/is to PREVENT American citizens from
logging, farming, ranching or otherwise exploiting these lands
being held for the banks.. The Bureau of Land Management and
other agencies are used to harass ranchers and farmers from
the land. 

So, what does the foregoing have to do with Middle East? Plenty.

All central banks of the world hold U.S. dollar reserves equivalent
to the local currency in circulation to facilitate trade. The
dollar is the biggest American export. It is impossible to overstate
this. Also, when any country wishes to purchase oil, they must first
convert their local currency to U.S. dollars and then purchase oil
from the cartels. This is the arrangement hammered out between the
U.S. and Saudi Arabia in 1974. The quid pro quo was that the U.S.
armed the Saudis to the teeth. 

In the last two years the euro currency has gained 30% relative
to the U.S. dollar. The European banks are seeking to have the
euro accepted as the new world reserve currency. Countries like
China and Japan are sitting atop mountains of U.S. dollars that
are being daily devalued. Since the U.S. dollar is printed by the
FED at will and without restraint (and is not linked to gold),
Americans are essentially getting the world's oil for free (it
costs the FED around 4 cents to print a one hundred dollar Federal
Reserve note). France and Germany would like a piece of the free
oil pie.

FED chairman Alan Greenspan is forced to feed the recovery myth
or risk a panic sell-off of dollars. This past spring he tripled
the money supply to $50 billion per week. This is making even
seasoned economists nervous. In August, Morgan Stanley chief
economist Stephen Roach predicted a stock market crash on the
scale of 1987s Black Monday. "The funding of America is an accident
waiting to happen," he declared.

In speeches made outside of the U.S. (and only then) Greenspan has
repeatedly warned of a possible 'systemic collapse' of the financial
system. The printing of all of this paper is leading to massive
inflation. All commodities have spiked from 10 to 90% over the last
year. $15 dollar jeans available from Wal-Mart produced by slave
labor in China somewhat disguise this fact. Another trick the money
masters use to lull citizens is to periodically and surreptitiously
ditch dinosaur industries from the DOW (like Kodak, this past spring)
and supplant them with high-tech earners like Verizon, for instance.
This is not to say that U.S. companies aren't investing billions of
dollars in new production; they are. It's just that it's in China,
not Ohio. China's quarter-trillion dollar export boom is America's
import deficit. The debt-based credit inferno must create ever
larger volumes of debt (credit) to prevent a financial implosion.
The entire world growth since 2003 depends on the record FED money
supply. Total U.S. debt now stands at $34 trillion. The U.S. GDP
is $11 trillion. This means that debt is 3 times GDP, greater even
than the depression of the 1930s. But happily for American citizens,
the Federal Reserve of Cleveland commissioned a study recently on
ways to diffuse this massive debt bomb. Options discussed included:

- doubling payroll taxes from 15.3% of wages to 32% immediately
and forever

- raising income taxes by two thirds immediately and forever

- cutting Social Security and Medicare by 45% immediately and forever

- eliminating forever all discretionary spending on courts,
highways and parks

Enter Saddam-

In November 2000 Saddam Hussein tried to barter Iraq's oil directly
for euros. This would have cut America out of its enormous subsidy
and started a stampede of other OPEC members to embrace the euro.
This simply would not stand. 9-11 was the pretext used to boot
Saddam. Bush couldn't get America's moms to sacrifice their
children for dollar hegemony and the terrorist bogey was activated.

Fourteen huge, permanent bases are currently under construction in
Iraq, along with the world's biggest embassy in Baghdad (3,500
employees, and counting). Bush will continue on a permanent war
footing in the Middle East in order to protect U.S. dollar hegemony.
There is no other option. All future wars will be run out of Iraq.
Iran has been making noises lately about ditching the U.S. dollar
in favor of the euro, as have the Saudis. They're next. The U.S.
will dismantle OPEC and surround Saudi Arabia, keeping their hand
firmly on the oil spigot. This is the essence of the petro-dollar
warfare that we are witnessing, in a nutshell.... 

To read the original article go to:
http://69.28.73.17/thornarticles/dollariraq.html
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