Maybe the end of the year?
Jun 16th, 2010 by Randy Toman
Richard Russell makes some comments regarding “Wall Street” and the “Federal Reserve System”. They were printed in the “Mile Franklin” newsletter dated Monday June 14, 2010 Page 10, and I quote from that issue.
“The bear market losses are beginning to sink into the Psyche of the U.S. consumer. Result —- Fear, saving, and less consuming.”
“Let me issue and control a nation’s money and I care not who writes the laws.”
Mayer Amschel Rothchild 1790
‘This is the truth, (The Rothchild Quote) and it’s a truth that the secretive bankers who dreamed up the “Federal Reserve System” knew only too well. The Central bank system was created by conspiratorial bankers—-it’s run by bankers— for bankers.”
Russell goes on to say this; Where are we? And he answers himself; “on the edge”.
Jim Sinclair states:
“The cat is clearly out of the bag concerning the forthcoming bankruptcy of 33 states of the USA.”
Andy Schectman same newsletter:
“ In December 1913 Congress handed over control of our money supply to private banks cleverly and deceptively called the Federal Reserve. Since 1913, and under the stewardship of the FED, the US dollar has lost more than 95% of its purchasing power. In 1913 it took slightly more than $20 to purchase 1 ounce of gold. A1913 $20 Saint Gaudens weighs .9675 of an ounce of pure gold. Today, just the melt value of that same gold coin is worth over $1200.00 and that price is on the rise.”
Andy goes on and finishes his article with this:
“ Brace yourself for a collapse in the dollar, because it’s coming.”
The only question I have is; will the dollar fall from grace be gradual, or will we just wake up one morning with it collapsed, worth nothing and catching the world by surprise? Analysts are estimating that Central Banks may add another 200 tons of gold to their vaults this year. They get it and are preparing themselves, are you?
Here is a shocking statistic, the bond market with their investors, are lending the US. Government, money for 30 years for a return of less the 5%. John William, same newsletter suggests inflation is already approaching 10%, which means people will be loosing purchasing power as each year passes. What kind of security and safety is that, why you would need to be a fool to throw your money away like that?
Allow me to close with this quote:
Paper money has had the effect in your state that it will ever have— to ruin commerce, oppress the honest, and open the door to every species of fraud and injustice.”
George Washington 1787
We shall see, how this is to play out shortly. People’s trust in the government is continuing to fall with each passing day, as they are reflected in Obama’s approval numbers, the dollar is getting weaker, we have BP using a Chemical dispersal agent “Corexit 9500” in the Gulf, we have HB2497 just being past here in Pa. extending the pension funding debt to, some say 52 billion, yet another IOU and debt, the vote was 192 (yes) 6 (no), and the taxpayer took it on the chin again. By the way, one of the 6 people that voted (NO) was, you guessed it, Sam Rohrer.
When are the people going to have enough—– don’t know, but what I do know is something is going to happen to bring this all to a screeching halt—We Shall See if it doesn’t happen by years end.