hehehe....I like you. I feel cozzy...
You are a very smart man
- rubs my eyes - I really want to the read the blog in that website...but mmaaaan....- rubs eyes and closes them tight - the theme of the websites causes your eyes ...to get ...to see letters and words everywhere and you get a throbbing headache...- rubs eyes - this is not appealing. I am going to copy it in a notepad and read it that way.
the bit about crypto-currencies at the end is actually a bigger scam though - since with that - the userer doesn't have to worry about a single credit leaving the banking system - ensuring the ability of the usury cartel to hold 100% purchasing power over every saleable item in any land where such smoke is accepted.
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The Fiat Currency Fraud
Richard Russell
Richard Russell, one of the world’s most knowledgeable and respected financial advisors recently stated that fiat money is “the greatest fraud ever perpetuated on the American public.” Fiat money is paper currency, backed by nothing of intrinsic value – currency that derives its value solely by the faith placed in it by the people and nations who hold it. Every fiat currency in the history of the world has been devalued by government to the point that it has eventually been rendered worthless. Russell, in a recent article entitled “Fiat Money is Headed to the Graveyard, And The Gold Boom Hasn’t Even Begun” writes, “In the big picture, I believe we’re going to put fiat currency to the test. Fiat money allowed the U.S. to experience boom. Fiat money produced the tech bust, the equities bust and the housing bust. Fiat money is the vehicle that is created and sponsored by the world’s central banks. Fiat money will prove to be a fraud. Out of the graveyard of fiat money will emerge real intrinsic money – gold.”
In an exclusive interview with Monex, Russell commenting on the creation of paper money and the danger fiat currency presents to the American people stated,
“In my life, I can see what has happened to the purchasing power of the dollar, it’s been destroyed. To me it’s immoral – for savers, people who’ve saved their entire lives to find that the purchasing power of what they’ve saved is worth nothing.”
“People who are saving dollars, it’s going to be a tragedy, those dollars are losing purchasing power and people who have been able to save their whole lives are going to find out what I found out with my GI insurance policy – it’s not worth anything now. The real insurance policy is gold.”
“The history of paper currencies is that they all end up museum pieces, none of them have ever lasted, so if you were to ask me, ‘what would you leave your great-great grandkids say a 100 years from now, 75 years from now, the only answer I would give you is gold. Gold will be money, gold will be an item of value as far as you can look into the future. There’s nothing else that I can say that about.”
Russell is among a respected group of individuals who have spoken out with bold conviction to sound the alarm to warn citizens regarding the tragic fate of nations who, throughout history, have ignored proper financial constraints and turned their backs on real money, in favor of what would eventually be their downfall – fiat currency.
Consider the following quotes, derived from a wide range of respected authors, economists, and statesmen:
Ludwig von Mises
“Government is the only institution that can take a valuable commodity like paper, and make it worthless by applying ink....How pale is the art of sorcerers, witches, and conjurors when compared with that of the government’s Treasury Department.”
Austrian Economist, Ludwig von Mises (1881-1973)
Sir Thomas Gresham
“Bad money drives out good.”
(Lord Gresham’s Law)
“The Theory of Money and Credit” Sir Thomas Gresham (1519-1579)
Daniel Webster“Of all the contrivances for cheating the laboring class of mankind, none has been more effective than that which deludes them with paper money.”
Daniel Webster (1782-1852)
“Insanity is calling scraps of paper with meaningless numbers backed by nothing but debt a thing of value.”
Jim Sinclair (Founder Jim Sinclair’s Mine Set (
www.jsmineset.com)
“In the absence of the gold standard, there is no way to protect savings from confiscation through inflation [...] Deficit spending is simply a scheme for the “hidden” confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights.”
“Gold and Economic Freedom” - Alan Greenspan, Former Fed Chairman (1968)
Thomas Paine
“Paper money is like dram-drinking, it relieves for a moment by deceitful sensation, but gradually diminishes the natural heat, and leaves the body worse than it found it. Were not this the case, and could money be made of paper at pleasure, every sovereign in Europe would be as rich as he pleased. But the truth is, that it is a bubble and the attempt vanity. Nature has provided the proper materials for money: gold and silver, and any attempt of ours to rival her is ridiculous....”
Thomas Paine (1737-1809)
Thomas Jefferson
“If the American people ever allow private banks to control the issuance of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the people of all their property until their children will wake up homeless on the continent their fathers conquered.”
Thomas Jefferson (1743-1826)
John Maynard Keynes
“By this means (fractional reserve banking) government may secretly and unobserved, confiscate the wealth of the people, and not one man in a million will detect the theft.”
John Maynard Keynes (1883-1946), The Economic Consequences of the Peace (1919)
Amschel Rothschild
“Give me control of a nation’s money and I care not who makes the laws.”
Amschel Rothschild (1744-1812)
Henry Ford
“It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before morning.”
Henry Ford (1863-1947)
Lord Josiah Stamp
“The modern banking process manufactures currency out of nothing. The process is perhaps the most astounding piece of slight hand that was ever invented...If you want to be slaves of the bankers, and pay the cost of your own slavery, then let the banks create currency”.
Lord Josiah Stamp, Former Director of the Bank of England (1880-1941)
Robert Wiedemer
“Based entirely on logic, and the evidence at hand, the dollar can and will fall...Unfortunately, falling bubbles are exactly what we have, and a decline in the massive inflow of foreign capital to the United States is all it will take to start bringing the dollar (and all the other bubbles) down.”
“Aftershock” (Protect Yourself and Profit in the Next Global Financial Meltdown)
Authors - David Wiedemer, PhD, Robert Wiedemer, Cindy Spitzer
http://www.monexfraud.com/the-fiat-currency-fraud.php
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