"Deficit Terrorists" Strike in the UK -- The USA is Next

Note: the following article was sent to me by an attorney who represents debtors in foreclosures and bankruptcy cases). He says: " I had to learn this stuff
to defend my client's cases and fight the banks and securitized trusts"


Last week, England’s
new government said it would abandon the previous government’s stimulus program and introduce the austerity measures
required to pay down its estimated $1 trillion in debts.
That means cutting public spending, laying off workers, reducing
consumption, and increasing unemployment and bankruptcies. It also means shrinking the money supply, since
virtually all “money” today originates as loans or debt.
Reducing the outstanding debt will reduce the amount of money
available to pay workers and buy goods, precipitating depression and
further economic pain.

The financial sector has sometimes been accused of shrinking the money supply intentionally, in order to increase the demand for its own
products. Bankers are in the debt business, and
if governments are allowed to create enough money to keep themselves and
their constituents out of debt, lenders will be out of business.
The central banks charged with maintaining the banking
business therefore insist on a “stable currency” at all costs, even if
it means slashing services, laying off workers, and soaring debt and
interest burdens. For the financial business to
continue to boom, governments must not be allowed to create money
themselves, either by printing it outright or by borrowing it into
existence from their own government-owned banks.


Dollar bills (Federal Reserve Notes) are issued by the Federal Reserve, which is privately
owned
by a consortium of banks.


England’s new coalition government has just bought into this agenda, imposing on itself the sort of fiscal austerity that the International
Monetary Fund (IMF)
has long imposed on Third World countries, and has
more recently imposed on European countries,

Deficit hawks point ominously to Greece, which has been virtually squeezed out of the private bond market because nobody wants its bonds. Greece has been forced to borrow from the IMF and the
European Monetary Union (EMU), which have imposed draconian austerity
measures as conditions for the loans. Like a
Third World country owing money in a foreign currency, Greece cannot
print Euros or borrow them from its own central bank, since those
alternatives are forbidden under EMU rules.


“[G]overnments all over the globe have already tried stimulating their way out of the recent credit crisis and recession to little avail. They
have attempted fruitlessly to generate even mild inflation despite huge
stimulus efforts and pointless spending.”

The EMU countries are trapped in a deadly pyramid scheme, because they have abandoned their sovereign currencies for a Euro controlled by the
ECB. Their deficits can only be funded with more
debt


Professor Carroll Quigley, an insider groomed by the international bankers, revealed this plan in 1966, writing in Tragedy
and Hope:

“[T]he powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands
able to dominate the political system of each country and the economy
of the world as a whole (One World Order).
This system was to be controlled in a feudalist
fashion by the central banks of the world acting in concert, by secret
agreements arrived at in frequent private meetings and conferences.”

Read the full article Here" http://www.globalresearch.ca/index.php?context=va&aid=19786

Video: 200 years ago Thomas Jefferson spoke and warned of these very things. See video at following link:
http://www.youtube.com/watch?v=H7yjfI19b7s
And this is why the Constitution states: Congress (not the Federal Reserve who is demanding secrecy from congress and the people of this Country) to coin money, regulate the value thereof, and of foreign coin, and fix the standard of weights and Measures (Section 8 # 5)

No States make any thing but gold and silver coin a tender in payment of debts (Section #1). So, again the States have powers under the Tenth Amendment.

One more thing about the IMF: it forced countries to cut tariffs, open borders and privatize in order to qualify for rescue loans. http://online.wsj.com/article/SB125366316031632339.html

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