The Obvious Criminal Manipulation of the US Dollar

 Deflation

 



Between August 30, 2008 and February 28, 2009, a period of exactly six months, the value of the dollar plunged exactly FOUR FOLD. This caused the apparent "price" of copper during only six months to drop from $4.25 to $1.06 per pound, the "price" of aluminum from $1.50 to $0.55, the "price" of a gallon of gas in Texas from $4.40 to $1.60, the national price of gas to drop from $4.20 to $1.50, the commodity futures price of wheat to drop from 1300 to 395, home prices in Victorville, Ca. to drop from $331,000 to $118,000, corn futures to drop from 700 to 295, rice futures from 21.8 to 9.2, platinum from 2175 to 810, crude oil from 140 to 40, natural gas from 13 to 2.3, the DJIA from 1400 to 700

Inflation Rate Decreases from +5% to -4%

Interest Rate Drops from 5% to 0%

Inflation Rate

 

 

Government Estimate: Gas Prices Down 63%

 

 

Wheat Futures Down 63%

wheatprices

 

Corn Futures Down 57%

 

Rice Futures Down 57%

 

 

Platinum Futures Down 64%

 

DJIA down 50% 

 

S&P Down 47% 

 

 

Natural Gas Down 85%

Palladium Down 58%

Copper Futures Down 70%

copperprice2001to2009

 

houseprice2001to2009

 

 Home Prices Down 26%

houseprice2001to2009average

 Copper Spot Price Down 69%

copperprice

aluminumprice

Stock Market Estimate for Wheat Prices

 

 

 

 

Las Vegas Home Prices Down 68% 

 

 

 

 

 

 

 

Victorville Home Prices Down 68% 

 

 

 

 

 

 

To: penn_wtp@yahoogroups.com
From: nikihannevig@juno.com
Date: Sun, 1 Jul 2007 18:59:22 -0400
Subject: [penn_wtp] Fw: EXCITING BREAKING NEWS Please forward


FYI - Lengthy, but well worth the read.

 

----- Forwarded Message -----

From: Christopher Hansen <christopher@independentamerican.org>

Date: Sat, 30 Jun 2007 19:42:07 -0700

Subject: EXCITING BREAKING NEWS Please forward

EXCITING BREAKING NEWS

Saturday, June 30th 2007 — Christopher Hansen

Exclusive to the Independent American Press

A government witness in a Federal Tax Evasion Case in Las Vegas, Nevada, testified on Friday that a Federal Reserve Note is not a dollar but a silver dollar minted since 1986 AD is a real dollar. When one of the defense Attorneys held up a Federal Reserve Note and a silver dollar minted since 1896 AD and asked, “Now these are both dollars, correct?” the government witness testified that that was not correct and the that Federal Reserve Note was not a dollar. He also stated that a Federal Reserve Note is not real money but the Silver dollar is. He testified that a Federal Reserve Note is just a debt note and not a dollar and has not been a dollar since the United States would no longer redeem them in gold and silver coins with the same face value.

This licensed coin dealer called upon by the government to testify in an effort to convict a man accused of believing that “legal tender” coins minted by the United States with dollar values minted on their reverse sides just as the law requires were actually dollars just like this government witness said they were, also testified that when he receives gold dollars that could be traded in excess of 10,000 FRNs that he does not report the transaction as being in excess of the cash reporting requirements as he uses the gold coins “face value” to judge their value. Remember, this is the government witness. He is not on trial.

The government prosecuting attorney did not try to challenge this testimony or even re-question the witness in an attempt to get a definition of “dollar” that, at least, included a Federal Reserve Note. He just let it stand unchallenged.

In this same case two government witnesses testified that the IRS makes mistakes. (I know this will come as no surprise to any of my readers.)

So now the question must be asked: What is a dollar? It should, after all, be something Americans should be able to look up in the law and find out what it means. After all only congress can regulate the value of money and we know they have done so in the past. And it must be important for most Americans to know what a dollar is since “Federal income tax is imposed in terms of dollars.” 26 U.S.C. § 1.” U.S. v. Rickman 638 F.2d 182, p.184 (1980)

It is, after all, impossible to know how to figure out how much income you had or how much you owed for ANY tax if you did not know what the value of a dollars was. Just like if you did not know how long a foot was you could not calculate how many gallons of paint to buy to paint your house. And what if a gallon had no set meaning or several meanings like a dollar may have? Of course the dollar is the monetary measurement unit of the United States of America so it must have a set value or we cannot calculate any financial transactions in dollars.

But the truth is there is no legal definition of a dollar that can be easily accessed by Americans. In fact in a letter received this month, sent by the Honorable Dean Heller to one of his constituents, he tried to answer what law defines a dollar to be and wrote that: “The closest current definition for a dollar comes from the U.S. Code title 31, Section 5116, paragraph b, subsection 2, ‘The Secretary shall sell silver under conditions the Secretary considers appropriate for at least $1.292929292 a fine troy ounce.’”

Section 5116 (b)(2) of the code refers to 31 U.S.C. § 5112(e) several times. This is the section where Congress authorizes the minting of silver dollars with a “value” (sec subsection (d)) of “ONE DOLLAR.”

But remember, it was not THE definition of a dollar. It was just “The closest current definition for a dollar…”

Why couldn’t we get a REAL definition to a dollar TODAY just like the Honorable Dean Heller said we once had, when he wrote: “In the early days of the United States, the dollar was a defined unit of trade equal to 412.5 grains of 90 percent silver?”

What is a dollar today if it is not a “defined unit of trade”? How can it define your income or tax due if it is not a “defined unit of trade”?

Mr. Ogilvie, the recipient of the letter from Congressman Heller, also received a letter from the Board of Governors of the Federal Reserve System. The Board of Governors also mentions 31 U.S.C. § 5112 when trying to define what a dollar is today. But they ALSO could not just point to a single statute that says “A dollar is a defined unit of trade equal to WHATEVER weight or whatever (grain, silver, gold, diamonds, paper, lead) Congress determines is the ‘value’ of this monetary measurement ‘unit.’” And remember that the Federal Reserve did not point to a statute that defines a Federal Reserve Note as a dollar like they could for gold and silver dollars.

Instead the Board of Governors gives the following convoluted non-definition as to what a dollar is. If you can tell what a dollar is from this definition then please write to this reporter and explain what the “value of a dollar” is so I can inform our readers.

“At earlier times in history, the dollar was legally defined to the extent of its value in terms of a set amount or weight of silver or gold. The dollar has not been ‘defined’ in terms of a set amount of gold or silver, or in terms of a set value of some other kind, for many years. The legal tender value of a dollar is the same regardless of whether the dollar is a currency note or coin of any kind of metal. For example, a one-dollar currency note issued at some point in the 1800’s would probably have a numismatic value well in excess of its face value because of its historical age and rarity.

Nevertheless, its legal tender value is that of its face value: one dollar. Similarly, gold or silver one-dollar coins have the same legal tender value as a one-dollar Federal Reserve note, even though their value in terms of their weight in precious metal is typically greater than their face value. The Secretary of the Treasury is authorized by law to mint the gold and silver coins currently issued and to sell the coins so minted at a price equal to the market value of the bullion at the time of sale plus the cost of minting, marketing, and distributing such coins. 31 U.S.C. § 5112. These same coins are, however, legal tender as defined in Section 5103 of Title 31. 31 U.S.C. § 5103. For this reason, most people choose not to make payments with gold or silver coins, or with currency notes that have great numismatic value, since they have value that exceeds their legal tender value, and creditors cannot be compelled to consider them as payment in amounts greater than their face value.”

But how does this affect the average American. Well consider this:

TITLE 18 - CRIMES AND CRIMINAL PROCEDURE

CHAPTER 79 - PERJURY

Sec. 1621. Perjury generally

Whoever -

(1)having taken an oath before a competent tribunal, officer, or person, in any case in which a law of the United States authorizes an oath to be administered, that he will testify, declare, depose, or certify truly, or that any written testimony, declaration, deposition, or certificate by him subscribed, is true, willfully and contrary to such oath states or subscribes any material matter which he does not believe to be true; or

(2)in any declaration, certificate, verification, or statement under penalty of perjury as permitted under section 1746 of title 28, United States Code, willfully subscribes as true any material matter which he does not believe to be true; is guilty of perjury

So if you file a 1040 form under penalties of perjury that says you had $xx,xxx.xx income when you did not have any “dollars” in income then you did not tell the truth. And now that you know that you do not know what a dollar is that could be perjury.

And what if you told a federal officer that you had 50 dollars in your pocket when you had a $50.00 gold coin in your pocket. Would it be a crime?

Title 18, United States Code, Section 1001 makes it a crime to:

1) knowingly and willfully;

2) make any materially false, fictitious or fraudulent statement or representation;

3) in any matter within the jurisdiction of the executive, legislative or judicial branch of the United States. Your lie does not even have to be made directly to an employee of the national government as long as it is “within the jurisdiction” of the ever expanding federal bureaucracy.

Now consider the following:

It is a miserable slavery where the law is vague or uncertain. Misera est servitus, ubi jus est vagum aut incertum. –Maxim of law

“Federal income tax is imposed in terms of dollars. 26 U.S.C. § 1.” U.S. v. Rickman 638 F.2d 182, *184 (C.A.Kan., 1980)

“[Keep]in mind the well-settled rule that the citizen is exempt from taxation unless the same is imposed by clear and unequivocal language, and that where the construction of a tax law is doubtful, the doubt is to be resolved in favor of those upon whom the tax is sought to be laid.” Spreckels Sugar Refining Co. v. McClain, 192 U.S. 397, 24 S.Ct. 376, 418, U.S. 1904

Confucius circa 500 B. C. is reported to have said: “When words lose their meaning, people will lose their liberty.”

“None are more hopelessly enslaved than those who falsely believe they are free.” Johann W. von Goethe

“Freedom—is the absence of the awareness of restraint.” David Rockefeller

“If a nation expects to be ignorant and free, it expects what never was and never will be.” Thomas Jefferson

 


From: Glutimas Maximus <mailto:lifeforce@blackfoot.net>   

 

WOW!!!  THESE ARE PEARLS OF WISDOM.  OR IS THIS AUTHOR CASTING PEARLS BEFORE SWINE.  A LOT OF TRUTH AND WISDOM HERE.  LET'S HOPE THIS ONE GOES VIRAL.  IF THE WORLD DOES NOT WRENCH CONTROL OF THE MONETARY FROM THE BANKSTERS THEN SLAVERY IS INEVITABLE....

 

 

 

 

Nine Myths And Misconceptions About Money That Can Literally Kill You June 30th 2011

 

http://vidrebel.wordpress.com/2011/06/30/1054/ <http://vidrebel.wordpress.com/2011/06/30/1054/>

 

 

1) If we paid off our debts, our problems would be solved. [Wrong. Wrong. Wrong.]

    The banks wrote the Federal Reserve Act in secret. They said you would not be allowed to have money unless you first went into debt. In fact when you pay off a loan, the bank cancels money supply. So if we all paid off our debts including the government debt, we would have no money and the economy would collapse. We would all be reduced to barter.

 

2) The bankers who wrote The Federal Reserve Act in 1913 knowingly engineered a Fatal Debt Bomb into the legislation. This is true.

    When you go to a bank to get a loan, the banker created ten thousand dollars in new money by entering that amount onto a checking account. Notice that if you signed a note for simple interest at 10%, you will owe the banker $11,000 in one year's time. He only created

$10,000 so how do you pay him back the principal plus interest? Good question. What he does is to create more money through more loans so there is enough money to pay the note plus interest.

   This means that the total amount of debts in the society are growing at a compound rate. Bankers have known since the Babylonians that unchecked exponential growth of unplayable debts will destroy any nation with a Debt Bomb. This is what is happening to America and the world today. Michael Hudson wrote about the Babylonian solution. They developed a formula that told them how long this rising tide of Unpayable Debt could grow before they had to cancel all the debts and start over again.

   Let me repeat that the bankers have known this for over 4,000 years. But they have made sure that you know nothing of it because they want to foreclose on you and your nation so they can but everything for pennies on the dollar in bankruptcy proceedings.

   The Russian demographer Borisov tells us that the bankers starved millions of Americans to death in the 1930s rather than allow people to understand the Babylonian solution. The Bible writers copied this concept when they wrote of the Jubilee cancellation of debt.

 

3) The Federal Reserve Act was written to transfer wealth from us to the bankers through the creation of a Debt Based money system. This is true.

   President Lincoln had created Greenbacks without borrowing money from the banks so there was no national debt and no interest on the debt. Lincoln simply printed the money and spent it into circulation.

   There is absolutely no reason to have a national debt except to collect interest on a fictional debt. Why give the power to create money to the banks when government alone according to the Constitution is supposed to coin money? I will tell you why. The banks want to bring back slavery. They want you to become an indentured servant who inherits a national debt that is unpayable. They want to reduce you to slavery,

   Any politician or pundit who does not understand this is either stupid or lying.

   I should point out that President Kennedy issued Executive Order

11110 which directed the Mint to issue US Banknotes to replace Federal Reserve Notes. These JFK Banknotes were to be debt free as were Lincoln's Greenbacks. They were withdrawn from circulation after his assassination. JFK was murdered on the 53rd anniversary of the secret meeting of the bankers on November 22nd, 1910 in a private rail-car that took them to Jekyll's Island. Bankers like to do things on the anniversary of an important date to make sure you understand that monetary reform carries a death penalty.

 

 

4) All we have to do to solve our economic woes is to balance the budget. [Wrong. Wrong. Wrong.]

    All those knuckleheads need to listen and learn. The Gross National Product is the total sales of a country. Economists write it as a formula Where GNP = C + I + G or GNP equals Consumption plus Investment plus Government spending. The total GNP is currently 14 trillion dollars. Suppose we balance the budget by cutting spending two trillion dollars. That would mean we subtract two trillion from G and our new GNP is reduced to 12 trillion dollars which means that one seventh of the American economy would disappear overnight. That would send us instantly into a worse economic blight than the first Great Depression. Currently the states owe the federal government almost 100 billion dollars for extended unemployment benefits.

   A man was recently explaining to his young daughter that we have no bread lines like they did in the 1930s because we have almost

49 million people on Food Stamps. Suppose we cut off unemployment extended benefits and Food stamps to make a down payment on that two trillion dollar budget cut. America would have nationwide food riots. 90% of all black children are on Food Stamps. I do not know the figures for Hispanics. But there would be no grocery stores in major cities that would not escape the riots.

   If you hear someone talking of cuts, tell them to eliminate Unpayable Debts and interest on the national debt by bringing back non-interest bearing debt free Greenbacks. Then they can cut out the five foreign wars and remove our troops from at least 100 foreign nations. Then they can seize the assets of the banks that stole over 27 trillion dollars from us during the Banker Bailouts.

 

 

5) Fiat currencies always fail. What we need is a gold standard. [Wrong. Wrong. Wrong.]

   Presidents Lincoln and Kennedy had fiat currencies that were successful. And only ended with their assassination. The Isle of Guernsey and the American colonies both had fiat currencies that were successful.

   The Italians had a gold currency that failed in 1348. The bankers loaned out more money than they had on deposit. This is called fractional reserve banking. Usually a bank will loan out nine times what it has on deposit. The Italian banks in Venice were unable to meet demands for gold from their depositors.

   Currently, the risk manager at JP Morgan has two thousand dollars in risk for every dollar in deposits. I think this is an underestimate.

 

6) America could go onto the gold standard because we have all that gold at Fort Knox. [Wrong. Wrong. Wrong.]

   America has gold plated tungsten bars at Fort Knox. And the banks leased our gold and sold it four or five times to keep themselves from going bankrupt.

   The gold was stolen by the Rothschilds and their friends. If we went back to the gold standard, we would be entering slavery to the Rothschild network because they would have all the gold money. The Rothschilds financed the Jew trade in African slaves. Ask a black man how well that Rothschild slavery worked out for him.

   I personally own silver because I expect this fractional reserve debt based monetary scheme to collapse very soon. I would use a gold exchange standard to get things going. But I could manage a monetary system with Greenbacks if Zionists and morons on welfare were not allowed to vote.

 

7) All we need to do to balance our trade deficit is to cut wages by devaluing the dollar so we can become more competitive. [Wrong. Wrong. Wrong.]

   Steve Keen is an Australian economist who says we need to increase wages so debts become payable. Unpayable debts lead directly to slavery. The US dollar eleven years ago was worth $1.20 when measured against a basket of six currencies. Today the US dollar is worth almost 75 cents. This has not created one job in the past decade. What it has done was raise the price of oil so everything costs more to produce.

   In China factory workers are lucky to make a dollar an hour. They work 72 hours a week. They get no overtime and have no benefits. The Chinese workers do not make enough money to ride those Mag Lev fast rail trains you have read about. Suppose we cut American wages in half? Would that create jobs? No. We have been cutting wages since

1970 and we have fewer jobs today than then. It never worked in the past. No reason to believe it will work now.

   To make the debts easier to pay we need to raise wages. To do that we have to stop issuing a million Green card work permits for legal immigrants. And we need to send back a few million illegal immigrants to open jobs for millions of unemployed Americans. But to create jobs we need new industries. We need to protect those industries with a 25% tariff. We need to create new jobs in computers, materials science, bio-engineering, aviation and energy by releasing the Top Secret research that is held in government labs. We could collect royalties from American industries employing American citizens. We could lease these patents to foreign competitors but we need a tariff to protect American jobs.

 

 

8) We made America prosperous by repealing the Glass Steagall Act and by allowing Credit Default Swaps to remain unregulated. [Wrong. Wrong. Wrong.]

   The bankers passed NAFTA and the WTO in 1994 so they could send 11 million jobs and 43,000 manufacturing plants overseas. They created the illusion of prosperity under Clinton by pumping up real estate and the stock market. The stock market was deliberately crashed in

2000 so the Zionists could elect George W Bush President because they wanted lots of wars for Israel. When the stock market failed, the Zionists created the subprime lending bubble on top of the already existing housing bubble. They loaned money to people who had no means of paying the loans. That did not matter. Some mortgages were sold as many as five times in Mortgage Backed Securities. When these loans failed, the banks collected on their Credit Default Swap insurance. There were no reserves set aside to pay losses. That did not matter. The bankers had the taxpayers pay out 27 trillion dollars in Bailouts to cover their frauds and keep the banking criminals out of jail. When the Europeans threatened a run on the American banks if they were not compensate for the trash Wall Street sold them, Ben Bernanke created 12.3 trillion dollars in new money and use it to but 6.3 trillion dollars in fraudulent bonds.

   Glass Steagall was passed in 1933 and forbade investment banks from becoming commercial banks so the depositors are not exposed to speculative risks. With the repeal of Glass Steagall Jamie Dimon at JP Morgan was allowed to sell 80 trillion dollars in Credit Default Swaps betting that interest rates will not go up. If interest rates do go up, there will be worldwide Depression. Jamie Dimon isn't worried about it because he probably knows when the Zionists will start World War III. This is not a free market. It is criminality on a grand scale.

 

9) We have a moral obligation to pay our national debt. [Wrong. Wrong. Wrong.]

   Jim Willie pointed out to Max Keiser that in the 1990s under beloved leaders Bill Clinton and George H W Bush the Treasury sold

2.2 trillion dollars more in Treasury bonds than were required to fund the deficit. That money was pocketed by the banks who now expect you to pay them back for the money they stole plus the interest. Catherine Austin Fitts has been telling us for years that the government allows the banks to steal billions of dollars every week from government spending which we are not allowed to audit.

   We owe the banks nothing. We need to take back what they have stolen.

   I also need to make this point about money creation. When a bank makes a loan, they are creating money by adding credits to a bank account. They are not lending you Mrs. Jones life savings. What they are doing is creating money. Money is a claim against our right to purchase goods and services. If we increase the money supply, then we are all in a sense bearing a burden by the diminished purchasing power of our money. But only bankers are allowed to participate in the benefits of granting a loan. I don't think so. Cancel the debts and seize all of the banker's wealth. And that of their co-conspirators. We ought not to suffer because the bankers killed our Presidents.