AsiaFinest Forum
Ad: 123Designing.com

Welcome Guest ( Log In | Register )

56 Pages V  « < 19 20 21 22 23 > »   
Reply to this topicStart new topic
Philippines: Wealthiest Nation on Earth?, Following Shambhalista's Dubai Philippine gold
matigasngulo
post Feb 20 2010, 03:45 PM
Post #401


AF Pro
Group Icon

Group: Members
Posts: 2,175
Joined: 29-October 09




what ? Santa Romana will bail out the PIIGS ?
Go to the top of the page
 
+Quote Post
azaz
post Feb 21 2010, 01:13 AM
Post #402


AF Geek
Group Icon

Group: Members
Posts: 202
Joined: 20-April 09




I haven't heard (read) Spain as a Santa Romana beneficiary. China is high on the Diaz Trustees' list to get benefits.

------------------------------------------------------------------------------------------------------------------------------------------
(Some entries from Ming Forum about JackCarter, Ex-Pres. Marcos, Gen. Ver, Fort Santiago, Teresa site, and China)

17 Jan 2010 @ 23:56 by PRINCE CHICHIBO @121.96.123.235 : GOLD OF THE SUN
Gold of the Sun: Chapters 7 - 8

...During his many meetings with General Ver and Marcos he was questioned repeatedly for his opinion on how to turn this gold into cash without upsetting the world gold market. The very fact that this gold existed was enough to drop the price of gold in the market with substantial side-effects. With China's population numbering a billion people who were economically depressed he was positive that the possibility of China invading the Philippines to take this treasure was a reality. Look what they did in Korea for far less a motive. In his mind it could cause World War III. Marcos had told Carter that the gold he had already recovered was more than he could ever spend even if he lavishly showered it on the Filipino population. He didn't want to recover any more of these sites until this distribution problem was solved. Carter was given that problem to solve...

.... (Jack) Carter's return to the Philippines was full of great expectations. He had located the Nachi and could now recover the treasure from the ship and the barge. He had engineered the recovery of the treasure in the hidden air vent in Fort Santiago. Both of these were short term projects. He would have unlimited wealth within the month. He was embarking on a great adventure. This anticipated wealth was not important to him personally, but it would give him the means to accomplish all of the things that he had planned. He was met at the airport by all the members of the Leber Group. Like his first trip he chose the hotel over the palace. President Marcos and General Ver were in China and Carter had to wait their return for the first meeting where he had expected to tell the President about the fool-proof program he had negotiated. He used this time to prepare security plans and make arrangements for the necessary men and equipment to be able to do the projects.

It was two weeks before he met with General Ver at the Palace. President Marcos was tied up with accepting a new Ambassador from Romania. Ver said that he had met with the President earlier and had prepared a number of questions for Carter. There was also some major changes.Carter's furnaces and other plant equipment were scheduled to arrive aboard the ship in ten days. Ver said Marcos didn't want to wait for the new plant to be built in order to start using them. There were some empty buildings next to the Malacanang Palace. He wanted Carter to set the furnaces up there. it was a safe place because the Presidential Security barracks were right next door. Carter agreed and said he would bring over his partner and chief engineer to help set it up. Marcos also wanted Carter to submit the plans to construct the new refinery and to coordinate that with Jose Campos, the Chairman of United Drug Companywhich was the largest pharmaceutical firm in Asia. United would providethe land in the Free Trade Zone at Bataan.

The General was elated with the sale plan that Carter outlined for him. He said it was perfect and that Marcos would be pleased. He emphasized the need to start re-melting the bars immediately. Ver told Carter that there was a basement vault under the Palace which was full of gold bars. More than he had shown Carter on his first trip. The General could see that Carter found this hard to believe so he offered to take him downstairs when the meeting was over. Ver continued by asking Carter what he planned to do with the errant Ambassador. He repeated that the President wanted him liminated. Carter remembered the first meeting with Marcos where it was clear that Marcos wanted the ambassador killed. Carter had told the President that there must be another way. Ver gave Carter a way to save the Ambassador, but if he failed, the matter was no longer in his hands. Carter agreed to try, but if he did fail, he made up his mind that he would have to give up this dream and leave the Philippines. He was not going to be a part of murder, even indirectly. The whole incident made him nervous.

This meeting with Ver was very long. The General had saved the bad news for last. He announced that the Leber group was not going to be able to work on the cruiser Nachi until later. The excuse offered by Ver was that the Japanese Ambassador had recently visited the Philippines and asked Marcos for permission to remove their war dead from the many sunken ships so that they could be properly buried in Japan. Marcos knew that wasn't the real reason; they were after the gold. If Carter was seen out in the bay removing things from the Nachi, then Marcos would be in trouble with the Japanese. Ver asked Carter to understand and promised him that the President would let him recover that at a later date..

That bad news wasn't all. Ver told Carter that the Leber group could not do the Fort Santiago site either until the President had time to meet with the head of the National Historical Society. The ancient Spanish fort was a major tourist attraction and they objected to its' temporary closing for this "restoration" project. This was devastating to Carter. He had planned on both of these sites being recovered within thirty days of his arrival. He let Ver know of his displeasure and said that if he had known that he never would have dismantled his refractory plant. He couldn't tell Ver that he only had a limited amount of money and that these delays would create major problems for him in the States.

He did tell Ver that this was going to require him to go home. The General said that the President didn't want that. Ver said he should set up the furnaces when they arrived and start processing Marcos's gold. Carter was to receive $5 for every ounce he re-melted. The President also told the General to request Carter to find another site which he could start excavating immediately. There was one condition. This new site had to be out in the jungle somewhere, away from any towns or buildings. This eliminated all of the easy to recover sites in and around Manila. The meeting over, Carter returned to his hotel to tell the Leber group members, who were waiting to learn what was happening, but first Ver took him to the large room in the basement. What Carter saw was mind boggling...

This post has been edited by azaz: Feb 21 2010, 01:13 AM
Go to the top of the page
 
+Quote Post
levasty
post Feb 21 2010, 01:24 AM
Post #403


Newbie
Group Icon

Group: Members
Posts: 18
Joined: 20-February 10




Deuterium is a hoax.
Go to the top of the page
 
+Quote Post
matigasngulo
post Feb 22 2010, 05:07 AM
Post #404


AF Pro
Group Icon

Group: Members
Posts: 2,175
Joined: 29-October 09




what ? Marcos tried to have the ambassador of Japan or the USA killed ?
Go to the top of the page
 
+Quote Post
levasty
post Feb 22 2010, 05:18 AM
Post #405


Newbie
Group Icon

Group: Members
Posts: 18
Joined: 20-February 10




QUOTE (levasty @ Feb 21 2010, 01:24 AM) *
Deuterium is a hoax.

Go to the top of the page
 
+Quote Post
matigasngulo
post Feb 22 2010, 07:23 AM
Post #406


AF Pro
Group Icon

Group: Members
Posts: 2,175
Joined: 29-October 09




Deuterium exists, but it just isn't a energy source yet.
Go to the top of the page
 
+Quote Post
FilGerChiJapAmeT...
post Feb 22 2010, 08:14 AM
Post #407


AF Geek
Group Icon

Group: Members
Posts: 181
Joined: 22-February 10
From: Earth




I've heard a lot of things, most commonly the rumours that Deuterium is an absolute hoax. Both has sides have good arguments but I prefer that people not get their hopes up.

Unless of course filipinos start rallying/protesting and $hit. Those stuff really come a long way. Look at Europe. Whenever the people want something, they protest and they get what they want.
Go to the top of the page
 
+Quote Post
trismegistos
post Feb 23 2010, 12:26 AM
Post #408


AF Pro
Group Icon

Group: Members
Posts: 1,412
Joined: 3-March 09
From: Los Indios Bravos' Mu




QUOTE (levasty @ Feb 21 2010, 01:24 AM) *
Deuterium is a hoax.

What? ROTFL

You need to review your Basic Physics and Chemistry. jk

Pure Hydrogen is a very COMBUSTIBLE MATERIAL.

You know what powers the stars, and our sun is Nuclear Fusion of Hydrogen.

And guess what powers the Rocket boosters, liquid Hydrogen fuel.

In fact it is the hydrogen in our Hydrocarbons(Petroleum) which fuels our modern vehicles.

As we all know, if you still don't know(you can go back to high school), DEUTERIUM is a stable isotope of Hydrogen.

Nuclear Fusion of Hydrogen isotopes in a nuclear bomb for e.g:
fusion of deuterium with tritium creating helium-4, freeing a neutron, and releasing 17.59 MeV of energy, as an appropriate amount of mass converting to the kinetic energy of the products, in agreement with E = Δmc2.


How nuclear bombs work; http://www.howstuffworks.com/nuclear-bomb.htm
study Hydrogen bomb.
Now how can we harness the power of the Hydrogen bomb(nuclear fusion) just like Nuclear Fission(Atomic bomb) , we need some containment. Some propose Magnetic containment or how about Cold fusion?

With Quantum Physics and the theory of Relativity, and other theories about Singularity and Multiverse, etc., ONLY OUR IMAGINATION IS THE LIMITATION.

AS EINSTEIN SAID:"Imagination is more important than knowledge. For knowledge is limited to all we now know and understand; while imagination embraces the entire world, and all there ever will be to know and to understand."

About cold fusion as demonstrated by Pons et al: http://www.lenr-canr.org/acrobat/Fleischmanelectroche.pdf
scientific paper:
Electrochemically induced nuclear fusion of deuterium
Martin Fleischmann
Department of Chemistry, The University, Southampton, Hants. S09 5NH (Great Britain)
Stanley Pons
*
Department of Chemistry, University of Utah, Salt Lake City, UT 84112 (U.S.A.)
(Received 13 March 1989; in revised form 22 March 1989)
INTRODUCTION
The strange behaviour of electrogenerated hydrogen dissolved in palladium has been studied for well over 100
years, and latterly these studies have been extended to deuterium and tritium [1]. For discharge of deuterium from
alkaline solutions of heavy water we have to consider the reaction steps
D2O + e
-
→ Dads + OD (i)
Dads + D2O + e
-
→ D 2 + OD (ii)
Dads → D lattice (iii)
Dads + Dads → D2 (iv)
I t i s k n o w n t h a t a t p o t e n t i a l s n e g a t i v e t o + 5 0 mV o n t h e r e v e r s i b l e h y d r o g e n s c a l e , t h e l a t t i c e i s i n t h e β -phase,
hydrogen is in the form of protons (as shown by the migration in an electric field) and is highly mobile (D = 10-7
cm2
s
-1
f o r t h e α -phase at 300 K).
The overall reaction path of D2 evolution consists of steps (i) and (ii) [2] so that the chemical potential of
dissolved D+
is normally determined by the relative rates of these two steps. The establishment of negative
overpotentials on the outgoing interface of palladium membrane electrodes for hydrogen discharge at the ingoing
interface [3] [determined by the balance of all the steps (i) to (iv)] demonstrates that the chemical potential can be
raised to high values. Our own experiments with palladium diffusion tubes indicate that values as high as 0.8 eV can
be achieved readily [4] (values as high as 2 eV may be achievable). The astronomical magnitude of this value can be
appreciated readily: attempts to attain this level via the compression of D2 [step (iv)] would require pressures in
excess of 1026
atm. In spite of this high compression, D2 is not formed; i.e. the s-character of the electron density
around the nuclei is very low and the electrons form part of the band structure of the overall system. A feature which
is of special interest and which prompted the present investigation, is the very high H/D separation factor for
absorbed hydrogen and deuterium (see Figs. 4 and 6 of ref. 2). This can be explained only if the H+
and D+
in the
lattice behave as classical oscillators (possibly as delocalised species) i.e. they must be in very shallow potential
wells. In view of the very high compression and mobility of the dissolved species there must therefore be a
significant number of close collisions and one can pose the question: would nuclear fusion of D+ such as
2
D + 2
D → 3
T(1.01 MeV) + 1
H(3.02 MeV) (v)
or
2
D + 2
D → 3
He(0.82 MeV) + n(2.45 MeV) (vi)
be feasible under these conditions?

from wiki:
QUOTE
A substantial energy barrier of electrostatic forces must be overcome before fusion can occur. At large distances two naked nuclei repel one another because of the repulsive electrostatic force between their positively charged protons. If two nuclei can be brought close enough together, however, the electrostatic repulsion can be overcome by the attractive nuclear force which is stronger at close distances.

When a nucleon such as a proton or neutron is added to a nucleus, the nuclear force attracts it to other nucleons, but primarily to its immediate neighbours due to the short range of the force. The nucleons in the interior of a nucleus have more neighboring nucleons than those on the surface. Since smaller nuclei have a larger surface area-to-volume ratio, the binding energy per nucleon due to the nuclear force generally increases with the size of the nucleus but approaches a limiting value corresponding to that of a nucleus with a diameter of about four nucleons.

The electrostatic force, on the other hand, is an inverse-square force, so a proton added to a nucleus will feel an electrostatic repulsion from all the other protons in the nucleus. The electrostatic energy per nucleon due to the electrostatic force thus increases without limit as nuclei get larger.
[]
At short distances the attractive nuclear force is stronger than the repulsive electrostatic force. As such, the main technical difficulty for fusion is getting the nuclei close enough to fuse. Distances not to scale.

The net result of these opposing forces is that the binding energy per nucleon generally increases with increasing size, up to the elements iron and nickel, and then decreases for heavier nuclei. Eventually, the binding energy becomes negative and very heavy nuclei (all with more than 208 nucleons, corresponding to a diameter of about 6 nucleons) are not stable. The four most tightly bound nuclei, in decreasing order of binding energy, are 62Ni, 58Fe, 56Fe, and 60Ni.[3] Even though the nickel isotope ,62Ni, is more stable, the iron isotope 56Fe is an order of magnitude more common. This is due to a greater disintegration rate for 62Ni in the interior of stars driven by photon absorption.

A notable exception to this general trend is the helium-4 nucleus, whose binding energy is higher than that of lithium, the next heaviest element. The Pauli exclusion principle provides an explanation for this exceptional behavior—it says that because protons and neutrons are fermions, they cannot exist in exactly the same state. Each proton or neutron energy state in a nucleus can accommodate both a spin up particle and a spin down particle. Helium-4 has an anomalously large binding energy because its nucleus consists of two protons and two neutrons; so all four of its nucleons can be in the ground state. Any additional nucleons would have to go into higher energy states.

The situation is similar if two nuclei are brought together. As they approach each other, all the protons in one nucleus repel all the protons in the other. Not until the two nuclei actually come in contact can the strong nuclear force take over. Consequently, even when the final energy state is lower, there is a large energy barrier that must first be overcome. It is called the Coulomb barrier.

The Coulomb barrier is smallest for isotopes of hydrogen—they contain only a single positive charge in the nucleus. A bi-proton is not stable, so neutrons must also be involved, ideally in such a way that a helium nucleus, with its extremely tight binding, is one of the products.

Using deuterium-tritium fuel, the resulting energy barrier is about 0.01 MeV.[citation needed] In comparison, the energy needed to remove an electron from hydrogen is 13.6 eV, about 750 times less energy. The (intermediate) result of the fusion is an unstable 5He nucleus, which immediately ejects a neutron with 14.1 MeV.[citation needed] The recoil energy of the remaining 4He nucleus is 3.5 MeV,[citation needed] so the total energy liberated is 17.6 MeV.[citation needed] This is many times more than what was needed to overcome the energy barrier.
Go to the top of the page
 
+Quote Post
matigasngulo
post Feb 23 2010, 01:34 AM
Post #409


AF Pro
Group Icon

Group: Members
Posts: 2,175
Joined: 29-October 09




http://business.inquirer.net/money/breakin...s-11B-yen-bonds
http://www.abs-cbnnews.com/business/02/23/...ivate-placement

The bond sale completes the $2.5 billion target foreign debts this year.

MANILA, Philippines - Asia's largest sovereign issuer of offshore bonds said on Tuesday it sold ¥100 billion yen ($1.1 billion) of Samurai bonds to help plug its budget deficit this year.

The government said its first yen bond sale in 9 years completes its planned foreign debt market issuances of $2.5 billion for the entire year.
Highlights of this report:

* Philippines' Samurai bonds fetch coupon of 2.32%
* Manila raised maximum guaranteed amount from yen bond offer
* Yen bonds to complete Manila's 2010 offshore debt needs


The yen bond sale was also the first by any sovereign issuer this year and the largest by any non-Japan Asian issuer.

The Philippines sold the 10-year Samurai bonds via private placement, with a partial guarantee from the state-backed Japan Bank for International Cooperation for up to 95% of the bonds under its Japanese Market Access Support Facility.

"We are pleased with the positive response of Japanese investors to this bond issue. The proceeds will be helpful in providing for the needs of our people and enabling us to achieve modest economic growth this year," Finance Secretary Margarito Teves said.

"With this bond issue, we completed our programmed $2.5 billion commercial funding this year," he added.

Samurai bonds are yen bonds issued in Japan by non-Japanese entities.

Banks, insurance companies, cooperatives and other financial institutions in Japan participated in the sale, the government said in a statement, adding total investor interest "far exceeded the actual issue size of JPY100bn." It did not give more details.

The Samurai bonds were priced at par and carried a coupon of 2.32%, slightly lower than the 2.73% coupon fetched by 10-year Samurais issued by Indonesia in July, also via private placement.

The Philippines last issued Samurais in December 2001, selling 50 billion yen worth of 10-year bonds carrying a coupon of 1.884 percent%.

Indonesia wants to sell up to $1.1 billion worth of Samurai bonds in April, following the Philippines' successful sale.

Lead managers for Manila's yen bond deal are Daiwa Securities Capital Markets, Mitsubishi UFJ Securities and Nomura Securities.

The Philippines wants to complete its offshore debt issues before uncertainties related to presidential elections in May prompt investors to demand higher returns for risking their capital.

It was the first global bond issuer in Asia when it raised $1.5 billion in January.

The debt-laden economy, which relies heavily on foreign and local borrowings to fund its budget shortfall, faces a budget deficit of P293 billion, or 3.5% of GDP, this year after a record shortfall of P298.5 billion, or 3.9% of GDP, in 2009.

Following the yen bond issue, the government was now considering a cut in its planned sales of Treasury bills and bonds this year.

Such a cut would be contingent on whether pushes through with an offer of around $500 million worth of foreign-denominated retail bonds to overseas Filipinos next month, National Treasurer Roberto Tan told Reuters on Tuesday.

QUOTE
BACK when gasoline was P7 a liter, I employed a gardener named Joe. Joe went through his day neither quite sober nor quite drunk, taking occasional sips throughout the day from his bottle of Añejo Rum.

He asked me why when he was young, the peso exchanged for $1, and now it took P20. Joe was of an age that he could remember using pesos that were made from real, valuable silver; not copper, aluminum, nickel and zinc.

We think of paper money in its current form as something that has been around a long time. Not true. Paper money has always been an easy-to-carry substitute for precious metals liker gold and silver. In fact, if you are older than 30 years, when you were born you could still have exchanged your Philippine pesos for silver or gold.

Prior to August 15, 1971, you could exchange your pesos for US dollars and then exchange those dollars for silver; real, valuable, limited-supply silver. Virtually every citizen of every country enjoyed that same silver-conversion privilege of their home currency.

In 1971 the United States, as part of the global Bretton Woods Agreement, ended the ability to convert dollars to silver or gold. The US dollar became the global substitute for gold and, as part of that agreement, countries were supposed to peg or fix their currency’s exchange rate to the dollar.

The dollar became the world’s reserve currency. The dollar took the role as the foundation of all the world’s currencies because the US economy was the largest, most stable and the US government economic/monetary policy was the most reliable.

Who needed gold or silver when you could have US dollars, the safest currency in the world?

But all the nations cheated and took advantage of the system. Since exchange rates were fixed—that is, not supposed to change except within very narrow limits—other countries figured out that they could print all the paper money they wanted to and buy all the dollars they wanted.

Imagine in 1971 that you had P100 that could be exchanged for $14 (and $14 with gold or silver). You walk over to your printing press, crank out another P200 and you now can exchange all those pesos for $42. Good deal, isn’t it?

The United States monetary people were not dumb. They figured out how they were being taken to the cleaners so they, too, started printing dollars. However, the US printers run much faster, and through the 1980s the US also borrowed trillions from the world financial institutions. Those currencies that were supposed to trade in a narrow band did not. The yen appreciated from 300 in 1971 to 120 in 1998, and the Deutsche mark from 3.67 to 1.67 because the dollars were being printed faster than those currencies.

In the last year the US government has printed and borrowed more than $2 trillion. Now, no one can trust the US dollar as the world’s reserve currency because the US economy is not the most stable, and the US government economic/monetary policy is not the most reliable.

One local financial writer said yesterday that the US was quite fortunate to have Ben Bernanke in charge of the US Federal Reserve because he was an expert on the Great Depression. I told you months ago nothing could be farther from the truth. Bernanke is using 1930s weapons against a 21st- century war. He is and will continue to be a failure, and it will only get worse because of Bernanke being an “expert” on the 1930s.

During the Great Depression the US could print money to help solve the economic crisis because it was a creditor-nation, not the largest debtor-nation in the world.

This is the bottom line.

Massive printing of money, dollars, combined with massive debt has destroyed the ability of the US dollar to be the foundation of all world currencies. Bernanke and the Obama administration have destroyed the dollar. And when the dollar finally takes its last gasp—dying as the world’s reserve currency—all other paper money will fail also. The end of funny money.

Nations will be forced to back their currencies with something of intrinsic value. All paper money must ultimately be backed with something of value. For the last 30 years, that backing, that value, has been provided by the dollar. The US dollar will not back global currencies again. For nearly 2,000 years a reliable substitute for carrying gold or silver has been in place. Then came 1971.

The 30-year experiment using valueless currency based on trusting the governments, particularly the US government, is a total failure and is coming to an end.

China has already converted billions of its paper currency (dollars) into hard assets by buying mineral production around the world. The time will come when nations that export to other nations will settle the bill in goods, a return to a form of the barter trade. Other nations will sell goods only for “commodity money,” another form of the barter trade.

And do not worry about the Philippines, either. We have abundant mineral resources, massive human- capital skill, and are not dependent on exporting hard goods for worthless paper.


This post has been edited by matigasngulo: Feb 23 2010, 02:06 AM
Go to the top of the page
 
+Quote Post
trismegistos
post Feb 23 2010, 06:27 AM
Post #410


AF Pro
Group Icon

Group: Members
Posts: 1,412
Joined: 3-March 09
From: Los Indios Bravos' Mu




RE: article about the End of Funny Money
Written by John Mangun / Outside the Box
Tuesday, 23 February 2010 20:53

QUOTE
Prior to August 15, 1971, you could exchange your pesos for US dollars and then exchange those dollars for silver; real, valuable, limited-supply silver. Virtually every citizen of every country enjoyed that same silver-conversion privilege of their home currency.

In 1971 the United States, as part of the global Bretton Woods Agreement, ended the ability to convert dollars to silver or gold. The US dollar became the global substitute for gold and, as part of that agreement, countries were supposed to peg or fix their currency’s exchange rate to the dollar.

There is some confusion on that article. On the bolded part, it implies that it is by the Bretton Woods Agreement which ended the fixed exchange rate. I think during the time of President Nixon, the financial elites pressured the sovereing federal republic to end the Bretton Woods agreement which called for the institution of the Fixed Exchange rate. Thus, the Bretton Woods Agreement is synonymous to Fixed Exchange Rate and not the other way around.

QUOTE
The chief features of the Bretton Woods system were an obligation for each country to adopt a monetary policy that maintained the exchange rate of its currency within a fixed value—plus or minus one percent—in terms of gold and the ability of the IMF to bridge temporary imbalances of payments. Then, on August 15, 1971 the United States unilaterally terminated convertibility of the dollar to gold. This action created the situation whereby the United States dollar became the sole backing of currencies and a reserve currency for the member states. In the face of increasing financial strain, the system collapsed in 1971.

Sovereign Nation states must return to the good ole days of Fixed Exchange rate


Interesting articles about FUNNY MONEY, AND FUNNY MONEY GOES INTERNATIONAL:
NOTE: THE AUTHOR, WILLIAM BRAMLEY SPECULATED THAT IT IS THE FREEDOM FIGHTERS, MEMBERS OF THE SECRET SOCIETIES, THE FREEMASONS WHO CREATED THE FUNNY MONEY. BUT I TEND TO BELIEVE THAT IT IS THE GREEDY MONARCHS WHO INFILTRATED THE SECRET SOCIETIES WHO BECAME THE NEO FINANCIAL OLIGARCHS ARE THE ONE AT FAULT FOR THIS FUNNY MONEY.
QUOTE
Funny Money
. the new paper money system

This reveals the primary reason why the inflatable paper
money system was created: it enables nations to fight and
prolong their wars. It also makes the human struggle for
physical existence in a modern economy more difficult due
to the massive debt and parasitic absorption of wealth that
the system causes. Furthermore, steady inflation reduces the
value of people's money so that their accumulated wealth
is gradually eroded.
The initial success of the Bank of Amsterdam encouraged
similar banking arrangements in other nations. The most
notable offspring was the Bank of England, founded in
1694. The Bank of England established the pattern for our
modern-day central banks by refining the inflatable paper
money system of Holland. The Bank of England system
was subsequently spread from nation to nation, often on
the backs of revolutions led by prominent Brotherhood
network members. The worldwide reformation announced
in the Fama Fraternitis was well underway by the end of
the 17th century, and the "new money" was a big part of
it,
















Funny Money




distorted the otherwise altruistic
social and political goals of the Brotherhood revolutionaries.
The newly-weakened monarchies and parliamentary
governments allowed for greater power to be assumed by
a new institution being installed by the revolutionaries: a
new banking and monetary system. This new monetary
system was a major element of the revolutions of the 16th,
17th, and 18th centuries, yet this fact is only minimally
discussed in the majority of history books. Those who
ran, and still run, the new monetary system have been
aptly labeled by one author, Howard Katz, "the paper
aristocracy." The revolutions which began to sweep the
world after the Reformation heralded the diminishment of
powerful political aristocracies in favor of the less visible,
but in many ways equally potent, "monetary aristocracies."
This happened because, during the Reformation, banking
and moneylending, which were once viewed as lowly
occupations, were being forged into a renewed power due
to a clever new science of money.* This new money was a
type of paper currency that could have its value deliberately
and systematically diminished through a process known as
"inflation." It is the type of money still in use today. This
new money, and the institutions which arose from it, have
had an enormous impact on our modern civilization. We
cannot fully appreciate the effects of Protestantism and the
revolutions which arose out of it without comprehending
just how the new money system works.


*For a simple and amusing introduction to the history of money and
economics, I recommend The Cartoon Guide to Economics by Douglas
Michael, published in the United States by Harper and Row Publishers,
Inc., and in Canada by Fitzhenry & Whiteside Ltd. of Toronto.


FEW TOPICS OCCUPY as many minds or stimulate as many
emotions as money. This is largely because money is an
overwhelming problem to a majority of people. One thing
which causes modern money to be a problem is inflation,
whether inflation is climbing at 3% annually or 300%. Inflation,
of course, is the situation in which the costs of goods
and services steadily rise due to the ever-decreasing value
of money. This happens when the money supply becomes
larger in proportion to the supply of valuable goods and
services.
Money itself is not valuable; only the goods and services
that can be bought with it are. The wealth of any individual
or nation, therefore, is ultimately determined by what it
produces in terms of valuable products and services, not by
how much money it prints, distributes or holds. A nation
could actually survive without any currency at all as long
as it was otherwise productive.
The purpose of money is to facilitate the exchange of
goods and services. Money is therefore an extension of

the barter system. Barter is the act of trading something
one possesses or does for something of someone else's.
Production and barter are the bases of all economy.
Coins and paper money were originally created to assist
in barter. They allowed people to barter without having to
carry around actual goods or immediately deliver a service.
This permitted individuals to trade more easily and to save
the profits of their labors for the future.
Paper money initially began as "promissory notes." A
promissory note is a written promise to pay a debt. A person
would write a note on a piece of paper promising the bearer
of the note a certain quantity of goods or services that the
notewriter could provide on demand. To illustrate, let us
look at the following fictitious example:
Let us pretend that a chicken farmer was in the village
market and wanted to trade for a basket of apples. He did
not have his chickens with him, so he might write a note
to the apple seller entitling the bearer of the note to come
up to the farm at any time to pick out two healthy chickens.
The chicken farmer would be able to walk away with his
basket of apples and it would be up to the apple grower
to visit the farm one day to redeem the note by getting his
two chickens. As long as people have faith in the chicken
farmer's ability to honor his notes, he will be able to use
them for barter.
Let us now pretend that as the day draws to a close, the
apple grower decides to have a look around the market. He
comes across the cloth merchant. The apple grower's wife
has been henpecking him for days to buy some of the new
silk that just arrived on a caravan from the Far East. The
apple grower's home life has been made miserable by her
unceasing demands and her denial of wifely comforts, so
he negotiates with the cloth merchant for some silk. The
cloth merchant, however, does not need any more apples,
so the apple grower, remembering that he has a note for
two chickens, asks the merchant if the merchant needs
poultry. The merchant says that he does, and the apple
grower gives him the note for two chickens in exchange
for silk. It is now up to the cloth merchant to trudge on
up to the chicken farm to redeem the note. The chickens

themselves have never left the coop, yet they have changed
ownership twice in one day. This type of exchange was all
that paper money was initially created for; but do you see
the temptation that it can open up?
If the chicken farmer knows that some time will pass
before he must redeem his notes with actual chickens, or
that some if his notes will circulate forever and never come
in for redemption, he may be tempted to issue more notes
than he has in actual chickens, thinking that he will be able
to cover all the notes by the time they come back to him.
Temptation now gets the best of the chicken farmer.
The chicken farmer has a big family get-together coming
up and he wants to impress his in-laws for once by putting
on an opulent feast. Down to the market he goes where he
writes notes for chickens not yet hatched and stocks up
with an abundance of goods from other merchants. Several
things can now happen. The chicken farmer will get away
with it if he is always able to meet the demand for chickens
when his notes come in for redemption. Another thing that
may, and often will, occur is that he has so saturated the
marketplace with his chicken notes that most people just
do not want any more of them, so he must offer even more
hens for each trade to make people feel that it is worth their
while. He is now writing notes for two or three chickens in
exchange for items for which he previously only had to issue
single-chicken notes. As these chicken notes circulate, they
become less and less valuable because there are so many of
them. A vicious spiral ensues: the more notes the chicken
farmer issues, the less valuable they become, and the more
he has to issue in order to get what he wants. This is known
as inflation.
Now comes the worst part.
With more and more notes outstanding, an increasing
number of notes will start coming in for redemption. Soon
the farmer will see that his true wealth, which is his supply
of chickens, is becoming rapidly depleted even though only
a small portion of his outstanding notes have come back.
To preserve his chickens, he must decrease the value of his
notes by declaring that the outstanding notes are now only
good for half of what they say. This is called devaluation.

Since the farmer may find it difficult to admit that he had
issued many more notes than he had chickens, he may try to
save his reputation by lying, such as by saying that a fierce
chicken plague had wiped out half of his flock. That will
probably not prevent him from becoming very unpopular.
Public faith in his notes will be destroyed. He will either
have to revert back to straight barter, or else he will need
to acquire someone else's notes in order to continue trading
in the market.
As we can see, paper notes, or money, are rooted in
actual commodities and are meant to be an expression that
the creator of the notes has something valuable to trade.
In contrast to notes are coins, which functioned somewhat
differently. Metals have always been considered valuable,
and so pieces of metal were convenient trading tools.
Metal pieces were imprinted with various designs, thereby
becoming coins, and their metallic purity was guaranteed
by the imprinter. Coin values were initially determined by
the quantity and purity of the metal contained within the
coins. Gold was a rare and popular metal, so coins made
from gold were more expensive and had a higher barter
value than, for instance, copper coins.
Metal coins became a popular tool of barter because they
were durable and quantities could be controlled. They did
create some problems, however. Realistically, people were
only trading pieces of metal for other goods. This created
a disproportionate emphasis on metals. The acquisition of
coins and coin metals became an obsession to a great many
people, and such obsessions tend to drain away energy
better spent producing other valuable goods and services.
The system also gave a disproportionate amount of power to
those who possessed large quantities of coined metals, even
though other commodities, such as food, are ultimately more
valuable. The person with the coin metals could immediately
acquire any good or service, but a farmer first had to go
through the intermediate step of exchanging his product for
a coin or coin metal before he could have the same spending
flexibility.
Coin metals merged with paper notes to create the foundation
of our modern monetary system in the 1600's. Those

who laid this foundation were reportedly the goldsmiths.
Goldsmiths usually owned the strongest safes and lockboxes
in town. For this reason, many people deposited their coin
metals with the smiths for safekeeping. The smiths issued
receipts to the depositors that promised to pay to the receipt
holders on demand those quantities of gold or silver shown
on the receipts. Every such receipt was actually a note which
could be circulated as money until a holder of the note went
back to the goldsmith to redeem it for the specified amount
of metal.
The goldsmiths made an important discovery. Under
normal circumstances, only about 10% to 20% of their
receipts ever came back for redemption at any given time.
The rest circulated in the community as money, and for
good reason. Paper was easier to carry than bulky coin
and people felt safer holding receipts in lieu of actual gold
and silver. The smiths realized that they could lend out the
unredeemed metals and charge interest, and thereby earn
money as lenders. In making such a loan, however, the
smith would try to convince the borrower to accept the
loan in the form of a receipt instead of actual metal. The
borrower could then circulate that note as money. As we can
see, the goldsmith has now created "money" (his receipts)
for double the actual quantity of metal he has in his safe:
first to the original depositor, and then to a borrower. The
goldsmith did not even own the metal in his safe, yet by
simply writing upon a piece of paper, someone now owes
him money up to the full value of the gold in his safe. The
smith could continue writing his notes as long as the notes
coming in for redemption did not exceed his actual deposits
of precious metals. Typically, a smith would issue notes four
to five times in excess of his actual supply of gold.
As profitable as this operation may have been, there were
some pitfalls. If too many of the goldsmith's notes came
back for redemption too rapidly, or the smith's borrowers
were slow to repay, the smith would be wiped out.
The credibility of his notes would be destroyed. If the
smith ran his operation cautiously, however, he could
become quite wealthy without ever producing anything
of value.

The injustice of this system is obvious. If for every sack
of gold the smith had on deposit people now owed him
the equivalent of four sacks, someone had to lose. As
public debt to the goldsmith increased, more and more true
wealth and resources were owed to him. Since the goldsmith
was not producing any true wealth or resources, but was
demanding an ever-increasing share of them because of his
paper notes, he easily became a parasite upon the economy.
The inevitable result was the enrichment of the careful
goldsmith-turned-banker at the cost of the impoverishment
of other people in the community. That impoverishment
was manifested either in the people's need to give up
things of value or in their need to toil longer to create
the wealth needed to repay the banker. If the goldsmith
was not careful and his monetary bubble burst, the people
around him suffered anyway due to the disruption caused
by the collapse of his bank and the loss of the value of his
notes still in circulation.
Such was the birth of modern banking. Many people
feel that it is an inherently dishonest system. It is. It is
also socially and economically destabilizing, yet all of the
world's major monetary and banking systems today operate
on a close variation of the system I just described.
By the 17th century, the Medici banking house of Italy
had come up with the idea of using gold as the commodity
upon which to base all paper currency. Gold was touted
as the perfect basis for paper notes because of the scarcity
and desirability of gold. This was the beginning of the
"gold standard" in which all other goods and services are
valued in relation to gold (and sometimes silver). The gold
standard was certainly a terrific idea for those people who
owned plenty of gold and silver, but it created an artificial
reliance on a commodity that is not nearly as useful as
many other products. To base an entire monetary system
on a single commodity is better than basing it upon no
commodities at all, but even under a gold standard paper
notes will far exceed the metals used to back the notes. The
best solution is to root a money supply firmly in a nation's
entire valuable output so that the money acts as an accurate
reflection of that output.

Once the gold standard was created, paper notes were
thought to be "as good as gold" because people could
redeem the notes for actual gold. This created a false
sense of security. As more and more gold notes entered
the market, they gradually became worth less and less,
resulting in a steady inflation. The gold owners/bankers
had to keep issuing a constant stream of notes because that
is how they earned their profits. As long as the bankers
planned carefully and the people retained faith in the notes,
the note writers could stay ahead of the inevitable inflation
they created and make an enormous profit from it. If, on the
other hand, they issued an overabundance and too many of
their notes came back for redemption, they could, as a last
resort, devalue the notes to save their gold. In this fashion,
inflatable paper money, even under a gold standard, became
a source of wealth and power to those entitled to create the
money. It also generated indebtedness on an enormous scale
because most of the "created-out-of-nothing" gold notes
were released into the community as loans repayable to
the bankers. If people did not borrow from the bankers,
little new money would enter the market and the economy
would slow down.
This method of creating money clearly destroyed the
true purpose of money: to represent the existence of actual
tradeable commodities. Inflatable paper money allows a
handful of people to absorb and manipulate a great deal
of true wealth, which are the valuable goods and services
people produce, simply through the act of printing paper
ahd then slowly destroying the value of that paper with
inflation. It causes money to become its own commodity
which can be manipulated on its own terms, usually to
the detriment of the production-and-barter system. Money
was meant to assist that system, not to dominate and control
it.
The inflatable paper money system described above was
the new "science" of money being installed by Brotherhood
revolutionaries. An early version of the system was established
in Holland in 1609. That was the year in which Dutch
and Spanish forces signed a truce suspending the hostilities
of the Eighty Years War. The truce marked the birth of the


independent Dutch Republic and the founding of the Bank
of Amsterdam in the same year.
The privately-owned Bank of Amsterdam operated on the
inflatable paper money system described above. It was run
by a group of financiers who pooled some of their precious
metals to form the asset base of the Bank. By prior agreement
with the new Dutch government, the Bank helped
Dutch forces resume the wars against Spain by issuing notes
four times in excess of the Bank's asset base. The Dutch
magistrates were then able to draw on three quarters of
the "created-out-of-nothing" money to finance the conflict.
This reveals the primary reason why the inflatable paper
money system was created: it enables nations to fight and
prolong their wars. It also makes the human struggle for
physical existence in a modern economy more difficult due
to the massive debt and parasitic absorption of wealth that
the system causes. Furthermore, steady inflation reduces the
value of people's money so that their accumulated wealth
is gradually eroded. The Custodial aims expressed in the
Garden of Eden and Tower of Babel stories were greatly
furthered by the new paper money system.
The initial success of the Bank of Amsterdam encouraged
similar banking arrangements in other nations. The most
notable offspring was the Bank of England, founded in
1694. The Bank of England established the pattern for our
modern-day central banks by refining the inflatable paper
money system of Holland. The Bank of England system
was subsequently spread from nation to nation, often on
the backs of revolutions led by prominent Brotherhood
network members. The worldwide reformation announced
in the Fama Fraternitis was well underway by the end of
the 17th century, and the "new money" was a big part of
it,









Dr. Quigley's book describes in great
detail the development and workings of the international
banking community as it established the inflatable paper
money system throughout the world.
Let us take a brief look at what Dr. Quigley had to say.
32



Funny Money Goes
International
IN HIS BOOK, Tragedy and Hope, Dr. Quigley divides the
history of "capitalism" into several stages. The third stage,
which is described as the period from 1850 until 1931, is
defined by Dr. Quigley as the stage of Financial Capitalism.
Dr. Quigley states:
This third stage of capitalism is of such overwhelming
significance in the history of the twentieth century, and
its ramifications and influences have been so subterranean
and even occult, that we may be excused if
we devote considerable attention to its organizations
and methods. Essentially what it did was to take the
old disorganized and localized methods of handling
money and credit and organize them into an integrated
system, on an international basis, which worked with
incredible and well-oiled facility for many decades.1
Dr. Quigley described the overall intent of the new integrated
system:
328
THE GODS OF EDEN 329
... the powers of financial capitalism had another farreaching
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. 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. The apex
of this system was to be the Bank for International Settlements
in Basel, Switzerland, a private bank owned
and controlled by the world's central banks which
were themselves private corporations. Each central
bank.. . sought to manipulate foreign exchanges, to
influence the level of economic activity in the country,
and to influence cooperative politicians by subsequent
economic rewards in the business world.2
In the English-speaking world, the newly-organized central
banks exerted significant political influence through an
organization they supported known as the Round Table.
The Round Table was a "think tank" designed to affect the
foreign policy actions of governments.
The Round Table was founded by an Englishman named
Cecil Rhodes (1853-1902). Rhodes had created a vast diamond
and gold-mining operation in South Africa and in the
two African nations named after him: Northern and Southern
Rhodesia (today Zambia and Zimbabwe, respectively).
Rhodes, who was educated at Oxford, did the most of any
Englishman to exploit the mineral resources of Africa and
to make the southern African continent a vital part of the
British Empire.
Rhodes was more than a man driven to make a personal
fortune. He was very concerned with the world and where
it was headed, especially in regard to warfare. Although
he lived almost a century ago, he envisioned a day when
weapons of great destruction could destroy human civilization.
His farsightedness inspired him to channel his
considerable talents and personal fortune into building a
world political system under which it would be impossible
330 William Bramley
for a war of such magnitude to occur. Rhodes intended to
create a one-world government led by Britain. The world
government would be strong enough to stamp out any hostile
actions by any group of people. Rhodes also wanted to unify
people by making English the universal language. He sought
to diminish nationalism and to increase awareness among
people that they were part of a larger human community.
It was with these goals in mind that Rhodes established the
Round Table. In his last will, Rhodes also created the famous
"Rhodes Scholarship"—a program still in operation today.
The Rhodes scholarship program is designed to promote
feelings of universal citizenship based upon Anglo-Saxon
traditions.
Rhodes' heart was clearly on the right track. If successful,
he would have undone many of the harmful effects caused by
purported Custodial actions and by the corrupted Brotherhood
network. A universal language would have undone the
damaging effects described in the Tower of Babel story of
dividing people into different language groups. Promoting a
sense of universal citizenship would help overcome the types
of nationalism which help generate wars. Something went
wrong, however. Rhodes committed the same error made
by so many other humanitarians before him: he thought
that he could accomplish his goals through the channels
of the corrupted Brotherhood network. Rhodes therefore
ended up creating institutions which promptly fell into the
hands of those who would effectively use those institutions
to oppress the human race. The Round Table not only failed
to do what Rhodes had intended, but its members later helped
create two of the 20th century's most heinous institutions:
the concentration camp and the very thing that Rhodes had
dedicated his life to preventing: the atomic bomb.
Rhodes' idea for the Round Table had begun in his early
twenties. At the age of 24, while a student at Oxford,
Rhodes wrote his second will, which described his plans
by bequeathing his estate for:
.. . the establishment, promotion and development of a
Secret Society, the true aim and object whereof shall be
the extension of British rule throughout the world . ..
THE GODS OF EDEN 331
and finally the foundation of so great a power as to
hereafter render wars impossible and promote the best
interests of humanity.3
Rhodes' secret society, the Round Table, was finally born
in 1891. It was patterned after Freemasonry with its "inner"
and "outer" circles. Rhodes's inner circle was called the
Circle of Initiates and the outer was the Association of
Helpers. The organization's name, the Round Table, was
an allusion to King Arthur and his legendary round table.
By implication, all members of Rhodes' Round Table were
"knights."
It was inevitable that Rhodes' success and political influence
would bring him into contact with other "movers and
shakers" of English society. Among them, of course, were
the major financiers of Britain. One of Rhodes' chief supporters
was the English banker, Lord Rothschild, head of
the powerful Rothschild branch in England. Lord Rothschild
was listed as one of the proposed members for the Round
Table's Circle of Initiates. Another Rhodes associate was
the influential English banker, Alfred Milner.
After Rhodes died in 1902, the Round Table gained
increased support from members of the international banking
community. They saw in the Round Table a way to exert their
influence over governments in the British Commonwealth
and elsewhere. In the United States, for example, according
to Dr. Quigley:
The chief backbone of this [Round Table] organization
grew up along the already existing financial cooperation
running from the Morgan Bank in New York to
a group of international financiers led by the Lazard
Brothers.4
From 1925 onward, major contributions to the Round
Table came from wealthy individuals, foundations, and companies
associated with the international banking fraternity.
They included the Carnegie United Kingdom Trust, organizations
associated with J. P. Morgan, and the Rockefeller
and Whitney families.
332 William Bramley
After World War I, the Round Table underwent a period
of expansion during which many subgroups were created.
The man responsible for getting many of the subgroups
started was Lionel Curtis. In England and in each British
dominion, Curtis established a local chapter (in Quigley's
words, a "front group") of the Round Table called the Royal
Institute of International Affairs. In the United States, the
Round Table "front group" was named the Council on
Foreign Relations (CFR).
Many Americans today are familiar with the New Yorkbased
Council on Foreign Relations. The CFR is usually
thought of as a "think tank" from which come a great many
political appointees at the Federal level. Under the Presidential
administration of Ronald Reagan, for example, more than
seventy administration members belonged to the Council,
including a number of top cabinet members. The CFR has
dominated earlier Presidential administrations as well, and
it dominates the present administration. The chairman of
the CFR for many years has been banker David Rockefeller,
former chairman of the Chase Manhattan Bank. Another
Chase executive chaired the CFR before that. The warning of
Thomas Jefferson has come true. The banking fraternity has
exercised a strong influence on American politics, notably
in. foreign affairs, and the Council on Foreign Relations is
one channel through which it has done so. Regrettably, that
influence has helped to preserve inflation, debt and warfare
as the status quo.
When Cecil Rhodes was alive, he gained considerable
power in South Africa and served for a number of years as
colonial governor there. He had a unique and effective way
of delegating power. According to one of Rhodes' closest
friends, Dr. Jameson, Rhodes gave a great deal of autonomy
to his trusted men. Dr. Jameson once wrote:
. .. Mr. Rhodes left the decision [on what to do in a
situation] to the man on the spot, myself, who might
be supposed to be the best judge of the conditions.
This is Mr. Rhodes' way. It is a pleasure to work
with a man of his immense ability, and it doubles the
pleasure when you find that, in the execution of his
THE GODS OF EDEN 333
plans, he leaves all to you; although no doubt in the
last instance of the Transvaal business he has suffered
for this system, still in the long run, the system pays.
As long as you reach the end he has in view he is not
careful to lay down the means or methods you are to
employ. He leaves a man to himself, and that is why
he gets the best work they are capable of out of all
his men.5
This can be an effective style of leadership, except when
the means used to achieve an end create their own problems.
Some of the methods used by Rhodes' men did more
long-term harm than immediate good. In South Africa, for
example, a struggle between Dutch settlers (the "Boers")
and the English erupted into the Boer War. During that
conflict, one of the British officers under Rhodes, Lord
Kitchener, established concentration camps to hold captured
Boers. The camps were decreed by Kitchener on December
27, 1900 and over 117,000 Boers were eventually imprisoned
within forty-six camps. Conditions were so inhumane
that an estimated 18,000 to 26,000 people died, primarily
from disease. It was tantamount to mass murder. Today
we associate concentration camps with Nazi Germany and
communist Russia, but their 20th-century usage actually
began with the English under Lord Kitchener.
Perhaps the greatest irony in the story of the Round Table
was the role of that organization in creating the atomic bomb.
After Rhodes' death, the Round Table groups went on to
establish other organizations. One of them was the Institute
for Advanced Study (IAS) located in Princeton, New Jersey.
The IAS greatly assisted the scientists who were developing
the first atomic bomb for the United States. Institute members
included Robert Oppenheimer, who has been dubbed
the "Father of the A-Bomb," and Albert Einstein, to whom
the Institute was like a home.
As we have seen, the world was. undergoing many important
developments as it entered the 20th century. Central
banking was being organized into an international network.
Bankers gained great influence in British and American
foreign affairs through such groups as the Round Table
334 William Bramley
and the Council on Foreign Relations. Meanwhile, the
communist movement was gaining increasing momentum
in Europe. This momentum bore fruit in 1917 when communist
revolutionaries established their first "dictatorship of
the proletariat" in Russia.
Once again, the world was on the road to a Biblical
Utopia.


This post has been edited by trismegistos: Feb 26 2010, 08:56 PM
Go to the top of the page
 
+Quote Post
matigasngulo
post Feb 23 2010, 07:17 AM
Post #411


AF Pro
Group Icon

Group: Members
Posts: 2,175
Joined: 29-October 09




And with "fixed exchange rate" you mean the gold standard.

One could also argue that the failing of the paper system is that it hasn't been executed radically enough - the "original" Greenback of the US Civil War wasn't backed by anything except the good word of the US government, without an additional promise of repayment of debt - this of course meant rampant inflation. This "paper system" was also very susceptible to forgery. but i was surprised that several times in history people actually forged money under a silver or gold standard that was superior in quality to the official coin, only to attempt to destablize a neighbor's economy.
Go to the top of the page
 
+Quote Post
trismegistos
post Feb 23 2010, 07:48 AM
Post #412


AF Pro
Group Icon

Group: Members
Posts: 1,412
Joined: 3-March 09
From: Los Indios Bravos' Mu




QUOTE (matigasngulo @ Feb 23 2010, 07:17 AM) *
And with "fixed exchange rate" you mean the gold standard.

One could also argue that the failing of the paper system is that it hasn't been executed radically enough - the "original" Greenback of the US Civil War wasn't backed by anything except the good word of the US government, without an additional promise of repayment of debt - this of course meant rampant inflation. This "paper system" was also very susceptible to forgery. but i was surprised that several times in history people actually forged money under a silver or gold standard that was superior in quality to the official coin, only to attempt to destablize a neighbor's economy.

Gold Standard=Fixed Exchange rate

Funny Money means Inflation and Devaluation. Additional measures are needed...

These radical measures are from Larouche(and I quote):
QUOTE
In order to correct the failures of development, which have occurred due to the paradigm shift of the past 40 years, and above all, since the abandonment of the system of fixed exchange rates by U.S. President Richard Nixon, in 1971, and which led, after the dissolution of the Soviet Union, with unrestrained globalization, to today’s brutal vulture capitalism, we must implement the following measures:

The emergency conference for a New Bretton Woods must immediately thus resolve:

1. The current world financial system must be declared hopelessly bankrupt and be replaced by a new one.

2. A system of fixed exchange rates must be agreed upon immediately.

3. Derivatives speculation must be prohibited through an agreement among governments.

4. There must be put into effect a comprehensive reorganization, or, as the case may be, a cancellation of debts.

5. There must be put in place new credit lines, through state credit creation, in the tradition of Alexander Hamilton and the American System, which will make possible productive full employment, through investments in basic infrastructure and technological revival.

6. The completion of the Eurasian Land-Bridge, as the kernel of the reconstruction of the world economy, is thus the vision which will not only bring about an economic miracle, but also can become a system of peace for the 21st Century.

7. A new “Treaty of Westphalia” must guarantee the opening up and development of raw materials for all nations on this Earth, for at least the next 50 years.


From the looks of it, such radical measures will be dumped to the garbage bin by the global elites. We will be seeing the decline of the West and North and the Rise of South and East.

This post has been edited by trismegistos: Feb 23 2010, 08:00 AM
Go to the top of the page
 
+Quote Post
Fictionicon
post Feb 23 2010, 12:19 PM
Post #413


AF Pro
Group Icon

Group: Members
Posts: 1,043
Joined: 19-September 09
From: California




this post should be deleted! embarassedlaugh.gif to delusional !
Go to the top of the page
 
+Quote Post
matigasngulo
post Feb 23 2010, 04:21 PM
Post #414


AF Pro
Group Icon

Group: Members
Posts: 2,175
Joined: 29-October 09




QUOTE (trismegistos @ Feb 23 2010, 07:48 AM) *
Gold Standard=Fixed Exchange rate

Funny Money means Inflation and Devaluation. Additional measures are needed...

These radical measures are from Larouche(and I quote):

From the looks of it, such radical measures will be dumped to the garbage bin by the global elites. We will be seeing the decline of the West and North and the Rise of South and East.


Point 3 and 4 will be hard to pursue.

Either way, i didn't join Larouche's people because the membership dues were too high, and then they even wanted me to pay for the pamphlet they gave me too LOL

Delusional Yes, of course ! But it might happen tomorrow - Expect the unexpected rotflmao.gif
Go to the top of the page
 
+Quote Post
trismegistos
post Feb 25 2010, 12:04 AM
Post #415


AF Pro
Group Icon

Group: Members
Posts: 1,412
Joined: 3-March 09
From: Los Indios Bravos' Mu




QUOTE (matigasngulo @ Feb 23 2010, 04:21 PM) *
Point 3 and 4 will be hard to pursue.
Global elites should listen to Larouche. Floating exchange rate is pure MADNESS.
QUOTE
Either way, i didn't join Larouche's people because the membership dues were too high, and then they even wanted me to pay for the pamphlet they gave me too LOL
I don't know that. lol
In here, they gave CD and pamphlets for free.

They need funding in order to fight the UNPERTURBABLE.
They have mouths to feed also. Think of it as TITHING in order to continue their advocacy/ministry.
QUOTE
Delusional Yes, of course ! But it might happen tomorrow - Expect the unexpected rotflmao.gif
It's not delusional if we are talking about our natural resources. Worthless Funny money. lol

Go to the top of the page
 
+Quote Post
matigasngulo
post Feb 25 2010, 02:45 AM
Post #416


AF Pro
Group Icon

Group: Members
Posts: 2,175
Joined: 29-October 09




LOL anyway it didn't endear me to the organization, but Larouche sure writes interesting books, like the ones about Opium and Milton Friedman.

Tsk, Tsk, have you been sending Mangun e-mail updates or is he even reading this thread... rotflmao.gif

This post has been edited by matigasngulo: Feb 25 2010, 02:45 AM
Go to the top of the page
 
+Quote Post
trismegistos
post Feb 26 2010, 02:02 AM
Post #417


AF Pro
Group Icon

Group: Members
Posts: 1,412
Joined: 3-March 09
From: Los Indios Bravos' Mu




QUOTE (matigasngulo @ Feb 25 2010, 02:45 AM) *
LOL anyway it didn't endear me to the organization, but Larouche sure writes interesting books, like the ones about Opium and Milton Friedman.

Tsk, Tsk, have you been sending Mangun e-mail updates or is he even reading this thread... rotflmao.gif

Nah, I don't think so.
You're full of pranks and smart alecky remarks, Mr. T. Trying to smokescreen your esoteric side. embarassedlaugh.gif
Go to the top of the page
 
+Quote Post
matigasngulo
post Feb 26 2010, 12:49 PM
Post #418


AF Pro
Group Icon

Group: Members
Posts: 2,175
Joined: 29-October 09




QUOTE (trismegistos @ Feb 26 2010, 02:02 AM) *
Nah, I don't think so.
You're full of pranks and smart alecky remarks, Mr. T. Trying to smokescreen your esoteric side. embarassedlaugh.gif

Since Shambhalista does a better job of looking into the occult mysteries of Lemuria, i am exploring the Atlanticist Mystics LOL
http://en.wikipedia.org/wiki/John_dee

The Spirits never sleep, you know. rotflmao.gif

This post has been edited by matigasngulo: Feb 26 2010, 12:50 PM
Go to the top of the page
 
+Quote Post
trismegistos
post Feb 26 2010, 05:06 PM
Post #419


AF Pro
Group Icon

Group: Members
Posts: 1,412
Joined: 3-March 09
From: Los Indios Bravos' Mu




QUOTE (matigasngulo @ Feb 26 2010, 12:49 PM) *
Since Shambhalista does a better job of looking into the occult mysteries of Lemuria, i am exploring the Atlanticist Mystics LOL
http://en.wikipedia.org/wiki/John_dee

The Spirits never sleep, you know. rotflmao.gif

Wow! You are studying the science of the letters and numbers.
QUOTE
The science of ...... is very old and took its rise in the Orient. The sages of the dawn of history laid down the greatest secrets in the universal language, the metaphorical language, as can be seen from the hieroglyphs of ancient people, the Egyptians, and so on.
It all boils down once again to Mu, the motherland. laugh.gif

Follow the path of the Orichalcum/Tumbaga/Red Gold and you hit the place of Plato's Atlantis.

This post has been edited by trismegistos: Mar 4 2010, 10:10 AM
Go to the top of the page
 
+Quote Post
azaz
post Feb 27 2010, 09:43 PM
Post #420


AF Geek
Group Icon

Group: Members
Posts: 202
Joined: 20-April 09




To digress a little, below is the first stanza of Jose Rizal's Last Farewell. Since some posters equate Eden with the present day Philippines, did Rizal, at the back of his mind, somewhat also ponder the same thoughts before?

"Farewell, dear Fatherland, clime of the sun caress'd
Pearl of the Orient seas, our Eden lost!,
Gladly now I go to give thee this faded life's best,
And were it brighter, fresher, or more blest
Still would I give it thee, nor count the cost."

This post has been edited by azaz: Feb 27 2010, 09:43 PM
Go to the top of the page
 
+Quote Post

56 Pages V  « < 19 20 21 22 23 > » 
Reply to this topicStart new topic

 



Lo-Fi Version Time is now: 22nd May 2013 - 06:49 AM