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what ? Santa Romana will bail out the PIIGS ?
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 @ : 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...
Deuterium is a hoax.
what ? Marcos tried to have the ambassador of Japan or the USA killed ?
QUOTE (levasty @ Feb 21 2010, 01:24 AM) *
Deuterium is a hoax.

Deuterium exists, but it just isn't a energy source yet.
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.
QUOTE (levasty @ Feb 21 2010, 01:24 AM) *
Deuterium is a hoax.


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;
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:
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)
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
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
D + 2
D → 3
T(1.01 MeV) + 1
H(3.02 MeV) (v)
D + 2
D → 3
He(0.82 MeV) + n(2.45 MeV) (vi)
be feasible under these conditions?

from wiki:
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.

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.

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

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.

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

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

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
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
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
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

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.

Funny Money Goes
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
... 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
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 . ..
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
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
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
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
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.
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):
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 should be deleted! embarassedlaugh.gif to delusional !
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
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.
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.
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

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
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
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

The Spirits never sleep, you know. rotflmao.gif
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

The Spirits never sleep, you know. rotflmao.gif

Wow! You are studying the science of the letters and numbers.
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.
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."
QUOTE (matigasngulo @ Feb 26 2010, 01:49 PM) *
Since Shambhalista does a better job of looking into the occult mysteries of Lemuria, i am exploring the Atlanticist Mystics LOL

The Spirits never sleep, you know. rotflmao.gif

Atlantis and Lemuria are the same thing.
Its Sundaland.
Its the same myth with a different name.

The post below from Ming Forum, 25 Feb 2010:

...that the written legalized documents issued by Rev. Fr. JOSE ANTONIO DIAZ himself on the Diaz & Poirrotte letterhead clearnly states in SCHEDULE 11, that " cash deposit with or without interest or non-compunnded interest must be Transfer and Paid by the Depository Bank to TARCIANA C. RODRIGUEZ my assignee and paymaster whose obligation is to pay and distribute the respective names on files to wit " Then it states that # 1, Depository Bank handling fees, charges, etc 7%, and 5% Legal Fees-Attorney Ferdinand E.Marcos and 7% GLOBUS UMBRELLA, and 25% to Philippines Hummanitarian and Insfrastrcture and then the rest is paid out to private persons, all named with their respected percentages... What I see is the other 30% of the cash settlements is 15% for the VATICAN and 15% for the country/Government where the cash deposit is located.

It says that Santa Romana allotted 25% to Philippine humanitarian and infrastructure (projects, I suppose).
If it is referring to the 617,500 metric tons then 25% is about 150,000 metric tons, or 4.5 Trillion USD. Many of those accounts are in China, Hongkong and England. So I guess they will benefit too. And according to the postings at Ming's, this 2010 is the final year of dismantling those bank accounts and be given to the rightful beneficiaries. Is the Philippines ready? Our government ready?
Meanwhile, on the other side of the world... rotflmao.gif
QUOTE (matigasngulo @ Mar 8 2010, 01:52 AM) *

Nice links you got there.

I remember OZ was a code for Atlantis/Lemuria. embarassedlaugh.gif

It will get worse everyday because of the Hyperinflationary measures. We are coming to the end of the Funny Money. As I have said before, we must go back to the good ole days of Fixed Exchange rate and the Gold standard. A new Bretton woods agreement must be forged by sovereign nation states and agree that the Financial system brought about by Floating exchange rate and Speculation on derivatives is totally bankrupt. And reject a Common Currency(or a common currency among regions like the Euro for EU like being proposed by Japan and China) espoused as a false New Bretton Woods proposed by Alan Greenspan which is another way of saying: surrender your sovereignty to us and bow down, sheeples.

We should study closely GEOPOLITICS, the workings of the Global Financial elites, the secret socieites, the Bilderberg Group, the Council of Foreign Relations, the Trilateral commision.

Let's hear it again Larouche's and Billington's story on how Schultz, a freemason of the Scottish rites(secret arm of the Anglo-zionist empire/global financial elites), together with his Economic Hitmen, destroyed the Philippines...


Three Urgent Steps To Philippines' Survival:

Philippine LaRouche Society Confronts Quackademics on TV
part 1:
part 2:
part 3:
part 4:
part 5:
Members of the Philippine LaRouche Society have a radio show aired every sunday night at AM radio DZXL 558khz from 8:00-9:00pm manila time
link of the radio station:
i'll listen to the clips later, can't comment now.

the links i copied are commonly posted by people who shout "TUNGSTON GOLD! TEXAS SUCCESSION ! MARSHALL LAW ! rotflmao.gif
actually i was thinking about creating a "pro-gold" video in response to the Oz movie to criticize the main points, but it seems that Youtube is now censoring my videos as well. embarassedlaugh.gif

re Geopolitics, these are some extracts from a WW2 pamphlet entitled (from 1943, but it was revised several times ) "South-East Asia". Since it was made by fascists for fascists you expect to read something like this eek.gif

Until the beginning of the heroic defensive struggle of the Japanese Empire against Anglo-Saxon Greed South-East Asia remained almost completely under white colonial domination.

A special place in the south-east Asian colonial field is filled by the Philippines: In their geographic and ethnic [„völkisch“] situation they belong to South-East Asia. Culturally they can be regarded as part of Hispanic America, since though the political failure of spanish Rule the spanish culture, has with the help of the roman-catholic Christendom proven remarkebly tough. Politically and economically the Philippines since 1898 have been oriented to the the anglo-saxon United States. The Americans, who otherwise love exerting themselves for the ideals of Freedom and Democracy, had brutally annexed the islands after their victory over Spain, without regarding the popular will of the Filipinos, who even then already wished to be independent. This independence was the central problem of all who wanted to inquire about the state of the islands The Americans viewed the Philippines as an economic and power-political base of their Far Eastern interests. Against this the the Filipinos retained their quest for independence even under American domination. They relied on the utterances of influential american politicians, who in fact were for the granting of independence to the islands sooner or later. Its granting was made conditional on the population's ability to constitute a stable government and to secure Peace and Order. The american President Wilson demanded soon after the first World War, that Congress grant the Philippines independence immediately, but was unable to have his wish. The enemies were still too powerful. They liked pointing to the economic reasons that made Independence impossible. But the Ecopnomy of the Philippines does not show the tendency of monocultures like the Dutch East Indies or Malaya. Huge plantations are only few in the islands. The basis of Production (Sugar, Hemp, Coconut Oil) is peasant tenancy, which during the Great Depression could adapt better than a complex industry. The precarious fact of the Filipino economic structure is its almost completely one-sided orientation of external trade with the United States. The most important products, which on the islands could only be consumed to a small degree, like Sugar and Hemp, where exported to 60 to 75 % to the United States. In the last years the role of Japan in external trade has become ever stronger. Also this fact was tkaen as a reason to withhold independence by the american side. One also pointed out that an independent Filipino Republic was unable to defend itself against a japanese military invasion. American aid would come too late, because of the great distance to american bases. Pearl Harbour in Hawaii lies around 9000 km away! One pointed out, tht the important military-geographic situation of the islands on the west side of the Pacific Ocean and at the entrance to the south-east Asian waters the islands would become an object of contention in world-politics, even if they islands were to be self-sufficient.

At last the america groups which were for the granting of independence gained the upper hand. But not from a selfless cause ! It was becoming obvious, that some products of the Philippines like Sugar and Coconut Oil had come to be a great competitor for american products (like cuban sugar!). In granting independence, one hoped that this competitor would be wiped out, since the products of a sovereign Philippines could be taxed by appropriate tariffs. And to this the political-strategic reasons were added. In a conflict with Japan one would reckon with a swift conquest of the Islands by the Japanese, which in this present war in the indopacifc space came to be The reconquest of the Isalnds by the american fleet would come with great sacrifices and was in no realtion to the factual economic and strategic value of the isalnds. Back then one did not expect, that in the outbreak of war the US-Fleet would be greatly hampered by the sinking of five Battleships and thus incapable to the reconquest of the islands. Accordingly, the northern Philippine Island Luzon with the capital Manila lies only 400 km from japanese Formosa. Thus Japan will out of purely military geographic reasons be able to keep her conquests and America has lost the Philippines for ever.
The Philippines were promised independence for 1945. A new constitution was created, one which – and one mentions this as a curiosity – as the first and only one in the world contains the „Kelogg-Anti-War Treaty“ in Section 3 of the paragraphs. The question of possible american fleet bases would have to settled by mutual treaties. But as in the last years japanese-american Relations became ever tenser, the granting of independence was again postponed, according to the economic reasons ennumerated. One sees that american statemen were completely insincere. It would also have been bizarre, that a brutal and aggresive great power like the United States will have retreated from such an important strategic position.

So now the War in the Far East and the Pacific has become a Fact. And so the Conquest of the Philippines by Japan has become a hard fact for the Anglo-Saxon powers! Thus all the prior discussions about the independence of the Philippines have been overtaken by events. These islands endowed with rich natural resources, but sparsely populated, will be made, like the other former occidental colonial possessions, part of the New Order of East Asia. Especially the Philippines seem to be ordained, because of their great position in relation to Japan, to be able receive the japanese over-population. IN which political-legal Form the Philippines or its native population will shape its future, cannot be said conclusively today.

and in passing
The pan-Asianist movement in East Asia was accompanied by the pan-Malayan movement in South-East Asia. It was also against european colonial domination, and it was focused on the unity of the different Malay peoples in the insular space. One can observe as the first steps in this direction the Filipino struggle for independence and the formation of an independent Malay naval center in the Dutch East Indies during the first World War. For the political formation of the Malay Peoples the same can be said as said for the Pan-Asian movement. Japanese victory has greatly accelarated this development, that in peaceful times would have required several decades. The political unification to a Greater Malay Empire, that with 80 to 100 Million in a relatively autarc living space, would have previously caused great difficulties due to the spatial and ethnic division.

Thailand and the Philippines are lauded for being resistent to Communism, but the author is actually very prescient (in Vietnam a.k.a "Annam", in Indonesia, as well as in Malaysia, nationalism WILL be combined with Communism.

In the Philippines bolshevism didn't have any possibility to disguise itself as a native Nationalism that could be exploited for propaganda purposes.

and anybody hear of a scheme of rubber plantations to divide the Philippines in Christian and Moro parts ?.
„typical example of hypocritical and brutal Anglo-saxon profit-politics

some statistics in passing: the Philippines has 5,83 % of Sugar production in 1938/39 and Manila a Population of 623500
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Good Am! I got interested with the topic do you know somebody who buys the BILLS for the ABL? Tnx
QUOTE (engkantada @ Mar 23 2010, 03:08 PM) *
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Good Am! I got interested with the topic do you know somebody who buys the BILLS for the ABL? Tnx

What to do with ABL Bills?
Does somebody accept them at face-value ? 1 to 1 exhcange in today's pesos or more ? laugh.gif
Got Booted out...... any who.... A question I've been wanting to ask and i honestly guess that this needz a precise answer... I have friendz now who quarrels whether the ABL's have GOLD back-ups located across the globe... Do the ABL Bills have the secret to unlocking the mysteries of the Philippine's Wealth- SO CALLED "GOLD" and the "CERTIFICATES" ? Is it really true that NOW it is being Hunted by the moneyed people for Redemption?

I've seen the posts and was critical at one point... I will be able to sleep well knowin the facts about this thx very much
QUOTE (engkantada @ Mar 24 2010, 03:39 PM) *
Got Booted out...... any who.... A question I've been wanting to ask and i honestly guess that this needz a precise answer... I have friendz now who quarrels whether the ABL's have GOLD back-ups located across the globe... Do the ABL Bills have the secret to unlocking the mysteries of the Philippine's Wealth- SO CALLED "GOLD" and the "CERTIFICATES" ? Is it really true that NOW it is being Hunted by the moneyed people for Redemption?

I've seen the posts and was critical at one point... I will be able to sleep well knowin the facts about this thx very much

As far as I have read, there are over 100 ABL certificates ranging from 3500 metric tons to 7000 metric tons. Now, even if your ABL is genuine, its redemption is currently being blocked by the DNP enterprises around the globe. Diaz Trustees, based on the document left by Jose Antonio Diaz, is only allotting 5% of Diaz's gold bullion to Ex-Pres. Marcos as attorney's fee. If that 5% is referring to the 617,500 metric tons then that is about 30,000 metric tons, or just four ABLs at 7,000 mt, or nine ABLs at 3500 mt. Anyway, 30,000 metric tons is still around 900 Billion USD. So, I think the best thing to do, if people are holding any ABLs is to consolidate with other ABL holders and try to come up with a common solution.
Please stop reading this and turn back to the front page of the BusinessMirror. Notice the two graphics on the right-hand side showing the 30-day movement of the peso and of the PSEi or Philippine Stock Exchange index. I will wait right here.

Notice anything interesting? How about the correlation between the movement of the peso and the stock market?

This is something that I have been talking about for years. Peso up, market up; peso down, market down.

The graphics on the front page show the movement of both since February 20. During that period, the peso appreciated from about 46.50 to about 45.50. The stock-market index rose from approximately 3,015 to 3,084. The percentage changes are interesting, too. Peso up 2.15 percent; stock market up 2.29 percent.

Please do not think this is unique or coincidental. On October 28, 2009, the peso was trading at approximately 48 to the dollar. The PSE index closed around 2,000. Since October 2009, the peso has appreciated by 5 percent; the market by about 50 percent.

It would be nice if the percentage increases over the last six months were the same as the PSE. Then I could do a big “I told you so!” However, the price of the peso is controlled and manipulated by the Bangko Sentral ng Pilipinas (BSP) while the stock market is controlled by individual buying and selling.

In effect, the stock market has been telling us that the peso is due for some significant appreciation in the future. The rise of the peso in the last month is an indication that the BSP is beginning to let the peso move slightly more toward its real value. And what is the “real” value of the peso? Probably closer to 35 than 45.

Now, of course, do not expect to see the peso near 35 to the dollar anytime soon. That kind of movement and volatility would not be good for the economy at all. Yet in truth, the peso is probably undervalued by as much as 30 percent in relation to the US dollar. This is based on the purchasing power of the peso in comparison to the US dollar. All Asian currencies are undervalued. That is because Asian countries are in fierce competition for their exports, and one way they can (or think they can) better compete against one another is through maintaining a cheap currency. Perhaps more important, China ’s currency is undervalued by about 50 percent. The other Asian countries cannot afford to allow their currencies to rise to a true value against the dollar while China continues to keep a cheap renminbi. If the Chinese currency remained where it is and the peso appreciated to 35, there would not be any locally made product left as Chinese imports would absolutely take over the local economy of the Philippines as well as all our other neighbors.

Yet the charts of the peso and the Philippine Stock Exchange are both at a critical point. That critical point is a breakout to the upside that forecasts a strong and prolonged upward movement.

The key price for the PSE composite index is 3,120. A break of 3,120 immediately targets 3,250, then 3,350, and finally 3,600/3,800. For the peso, the breakout level is 45.50 which targets 44, then 42 and to 40 to the dollar.

Notice that we are talking about both the peso and the PSE moving to levels not seen since the good old days, pre-financial crisis, in 2008. Beyond those prices, we are looking to a move to pre-1997 Asian crisis level.

Could that happen? Of course. In 1997, the US economy and dollar were at the top of the game. The Dow Jones was making new historic highs practically on a daily basis. Gold was trading around $325 an ounce. The Japanese yen was 125, not 90. The euro traded in 1999 at nearly par to the dollar, costing $1.07 to buy one euro, not $1.35 as today.

As money fled then from Asia to the West, so, too, will funds flee the West and come to Asia and the Philippines. The problems that confronted the Asian countries in 1997 are almost exactly what are facing the West today. No one wanted to buy Asian government debt. Economic growth stopped. Unemployment rose.

As the dollar devalues over time, oil prices will rise. The Philippines must react by allowing the peso to appreciate to offset rising fuel costs. As the dollar depreciates, initially those Filipinos dependant on remittances will take a hit. However, over time, dollar devaluation will cause inflation to rise in the US. Even now the official numbers are inaccurate. Real inflation is running nearly 9 percent higher on a year-to-year basis in the US. As price inflation rises in the West, so, too, will wage inflation. At some point, there will be a washout in that remitted dollars will mean fewer pesos, but the amount of remitted dollars will rise significantly. We are already seeing this happening, with the dollar amount of remittances up 8.5 percent in January 2010.

Follow the peso and then look at the stock prices. Both will take a short rest where they are right now at their respective resistance levels. That will not last for long.

The peso is going up. The stock market is going up. Bank on it.
The Philippines has had a number of positive developments that boost its economic prospects going forward save one that prevented the New York-based global rating firm Moody’s Investor Service from upgrading the country’s current credit standing further.

On Monday its Singapore unit released a statement saying the country’s sovereign credit remains rated a “Ba3” with a stable outlook, mainly because of its continued inability to attract substantial foreign investments.

“But there remains a dearth of investment spending relative to its rating and regional peers, thereby underpinning the importance of fiscal reform to generate higher revenues. That would enable adequate public investments and ultimately higher rates of potential growth,” said Moody’s analyst and assistant vice president Christian de Guzman.

He said this after enumerating a number of positive developments that steeled the Philippines from the ill effects of the global recession, such as its high foreign-exchange reserve level of more than $45 billion, remittances of more than $17 billion, a current- account surplus which means an economy which sets aside some of its foreign-exchange inflows for future use again to defend against external sector reverses.

“The Philippines was one of the few countries in the region to avoid year-on-year contractions in output during the worldwide recession, and its rating is supported by the country’s fortified external-payments position, as well as a fairly sound and liquid banking system,” said de Guzman.

“The country’s historically high level of official foreign-exchange reserves has been bolstered by the resilience evident in remittances from the large number of Filipino workers overseas; this situation has helped buffer the economy and government finances from external shocks and has greatly supported its exchange-rate stability.”

“In terms of economic fundamentals, for the near term, remittance inflows and receipts from business-process outsourcing—now a major industry—will (among other things) support the current account, as well as private consumption,” he added.

Although it is hampered by a relative lack of infrastructure, foreign investors continue to find the Philippines attractive as a low-cost destination due to the abundance of a skilled, English-speaking labor force and favorable fiscal incentives, as well as other factors, according to Moody’s.

The scale of the Philippines’ $160-billion economy is in the mid-range among Moody’s-rated countries but its per capita income of $2,900 “is very low” and coupled with relatively low fixed capital investments, constrain the strength of the country’s economy.

The last rating action on the Philippines was taken July 23, 2009, when Moody’s upgraded the sovereign bond rating to Ba3 from B1.

sooo, any news, rumors, gossip about indulgences, re-imbursements, recoveries etc ? a time-table for 2010 ? there are going to be new banknotes in december.
Although only 5% is allotted to ex-Pres.Marcos by DNP Enterprises, Marcos gold asset may not be only confined with his percentage from Santa Romana's 617,500 metric tons. Many sources reveal his recovery of World War II gold buried (and more are still maybe buried) in different parts of the Philippines. I suppose ABLs might also be backed by this if the late president was able to find a way to deposit the physical gold in some local or foreign banks. So, to Engkantada, if you have an ABL, I think the best way is to reach former First Lady Imelda Marcos and get what she thinks. She may also have an ABL and the other documents. What DNP Enterprises is searching for right now are lost SGSR gold certificates at 7,000 metric tons each. They call them Gemini, Virgo, etc.. certificates. DNP gives a certain finder's fee for the recovery of these certificates but I do not exactly know how much.

As for 2010, Todd Alphine says that this is the last year of dismantling the more than 100 bank accounts of Severino Garcia Santa Romana, aka, Fr. Jose Antonio Diaz. Twenty-five percent is allotted for Philippine reconstruction. But I do not know when it will benefit our countrymen or if it will be given at all. Pray. Only God knows.
Panibagong deadline? Parang marami na yatang deadline ang nakalipas na.
Kung desperado tayo makuha ang ginto para makaahon sa pagka-utang at kahirapan, parang mas desperado pa yata ang mga global elites na makuha ito...
Gagawin lahat kahit gumamit ng TEM?
Philippine nationalism is also rising, and this has to be check-mated once and for all in the oligarchs’ perception. This nationalism is intersecting with the rise of the ASEAN as a region-state, and it won’t be long before the Philippine nation and its neighbors will realize that their region was formerly the Majapahit Empire, that they were thus duped by the Western powers into believing for some time that they were separate nations and states (nations crafted by the same powers). They are one nation, and they will prevail.

Lastly, there are the huge hoards of gold the country possesses. No, the hoard doesn’t belong to the Marcos family, but comes from diverse sources. A large amount of the bullions were a heritage of the Majapahit Emperor and passed on to descendents, many of whom are Filipinos. Some other large hoards remain unearthed, but lie secured deep within the surface... I’ve done meditation visions before on the gold hoards, and was almost overwhelmed at the sight of the precious metals filling up large bank vaults specially designed for them (these are the bullions traceable to the Majapahit princes).

The oligarchs’ financial empire—created through liberalization, deregulation, privatization, globalization, and bubbled through legitimized looting and swindling—is now eroding rapidly, and it won’t be long before massive risings across the globe may lead to the overthrow of the oligarchic puppet states, confiscation of properties (watch oligarchs’ assets sequestered in Russia), and decapitation of the perceived criminals and their subaltern war criminals. Before the total collapse of the NWO’s global empire happens, drastic moves have to be done. The predators badly need the gold to bankroll their assets and sustain ascendancy of power.

Amid all the synergized anarchy-–or synarchy—across the globe perpetuated by the same predatory oligarchic families, moves are now being made to get the Philippines at all cost. The Pentagon’s men are moving to possibly install puppet generals to power in a failed election scenario, while the Anglo-European financiers eye the installation of liberal candidate Noynoy Aquino and crocodile factions to power.

Meanwhile, very surreptitiously crystal_line re_ceptors were installed in Luzon notably the Laguna Lake area, under the guise of ecology projects. I was able to monitor this move through visions... These receptors will be used to re-echo submarine earthquake vibrations detonated by possible combination of nuke and Tesla Earthquake Machine or TEM.

It is a likely eventuality that a quake can be calibrated to yank the Marikina fault a bit that can ruin Manila into flattened debris. Producing 1/3 of the nation’s wealth, a flattened Manila means total devastation to the nation that is struggling hard to end mass poverty and achieve development maturity by 2016 or so.

The devastation of the Philippines via submarine nuke and TEM could also distort or warp the electromagnetic field or EMF of the islands and keep the cross-galactic Light Forces at bay
Blessed Holy Week to all!
For going through Good Friday & Saturday:

Happy Easter to All!
it just amazes me that rich people could be so easy to swindle.

LMAO i guess i get to eat my words...
where is IT at ? confused.gif

Do you like conspiracy theories? Is The Da Vinci Code on your most-read list? Still wonder who killed President Kennedy?

Amid all the turmoil in the global financial markets these last two years, several “conspiracy theories” have come to the front. There is no question now that some major financial institutions in effect plotted to conceal the debt problems of Greece by hiding that country’s obligations through a series of transactions that masked the true extent of the Greek government borrowings.

There is no question that bankers knew the potential worthlessness of the subprime mortgages they packaged as respectable investments. Even the Federal Reserve Bank of New York concealed the extent and purpose of the multibillion-dollar bailout of AIG which protected the interests, not of the public, but of private banking firms that did business in the shadowy investment vehicles that AIG bought and sold.

Yet the longest-running conspiracy theory in the financial world and one that you are probably not aware of is, where is all the gold that banks and governments are supposed to be holding in their vaults?

Although the world’s currencies have not been backed by gold for three decades, all major governments have kept some currency credibility by the fact that they hold a substantial amount of physical gold in reserve. The most famous of these holdings is the United States government gold stored at Fort Knox, Kentucky.

It has been taken as an article of faith that this gold exists in physical form. However, there is little proof that governments and banks actually still have all the gold that they claim to possess.

The Bangko Sentral ng Pilipinas (BSP) claims on its statement of assets that it is holding some $6 billion worth of gold. That may be true in an accounting sense, but it may not be true that the BSP is actually physically holding anywhere near that amount.

The US government says it is holding tens of billions of dollars worth of gold. That is possible but no one really knows. There has not been a physical audit of the gold supposedly stored in Fort Knox for nearly 50 years. It is possible that Fort Knox is not filled with shiny yellow gold, but with pieces of paper, receipts for that physical gold that has been loaned to another government or financial institution.

Institutions and individuals buy and hold physical gold. They often store it at companies called bullion banks vaults. When you store it, you are given a receipt saying you have a certain amount of gold on deposit. It works the same way for money deposited at a bank. The bank does not keep your physical money in their vaults but loans it to a third party that signs a promise to pay. The bank can do this because it is unlikely that all of its depositors would want cash at the same time. But if that ever happens, it is called a bank run and the bank can fail because there is not enough free cash to cover the deposits.

Further, a $100,000 cash deposit may be backed by a collateralized mortgage on a house now worth only $50,000. That is what has caused hundreds of bank failures in the US recently.

Because these bullion banks are not well-regulated, it is probable that they have sold or loaned the gold they are supposed to be holding. The latest potential scandal is with ScotiaMocatta, the only bullion bank in Canada. Witnesses who have seen their vaults report that there is very little physical gold inside. They have sold or loaned their depositors’ gold to someone else, and if all the people who theoretically have gold stored there want delivery, there will be a failure.

Financial giant Morgan Stanley was sued and settled the lawsuit for selling clients gold they did not have. Morgan bought the receipts—which are promises to pay—from others to back the claims for the physical gold that their clients purchased. There was no physical gold.

It is likely that many countries (hopefully not the Philippines) have loaned their gold to companies like Morgan Stanley and that many of those government bank vaults are empty, holding only paper receipts.

I am not saying it has happened, but this could be the reality. Say for a moment that the BSP loaned out its gold when the price was $500 per ounce. The borrower sold the physical gold at that $500 price, hoping they could buy it back at $400 to make a profit and then repay the BSP with physical gold. Now that the price is $1,000, the borrower of gold from the BSP cannot afford to buy back.

So the question that is being asked about and to the world’s central banks is: Do you still have the physical gold in storage or are you holding receipts and promises to pay that are potentially worthless?

I want to think that the BSP is holding physical gold because I sincerely believe that the BSP is well-managed by professional and financially prudent executives. Yet when looking at the BSP financial statement and their press
releases, there is no firm confirmation that physical gold is being held in the government’s vaults. The BSP simply includes “gold” as part of its total gross international reserve assets. But the BSP could be valuing the receipts for the physical gold that it has loaned out, not physical gold holdings.

If that is the case, then that $6 billion of gold is not gold but a paper asset which has unknown value, that the Philippines may or may not get back in the future.

I hope I am wrong about this.
Cory Aquino scandal embarassedlaugh.gif
Mrs. Aquino is not the only greedy one. Her brother went to Switzerland to withdraw the entire monetary value of at least one certificate of deposit of Marcos. He was imprisoned for several days for doing so.

Today, Aquino knows that the Marcos deposits might finally be opened and the contents thereof transferred to the country. Estrada tried and almost succeeded but perhaps the Marcoses could not have trusted the Estrada group completely.

The Americans had a stake on the deposits for a long time and Cory wants desperately to work with them. She and her relatives, friends, factotums, loved ones and lovers — both dead and living — see stars just imagining how much they would be able to amass once the deposits are transferred.

Cory’s insufferability extended to Ramos, who was so agog during his time to get his own hands too in the Marcoses’ deposits. Ramos even learned a secret fact that was never revealed heretofore, that two-thirds of the deposits are merely lying in wait in China.

Isn’t that part of the success story of China? We surmise that it is. And Cory is linked to China by her lineage. She must be banking on being able to talk to the Chinese people in the know in case she comes to power again.

It will be hard to refute that Cory and her lieutenants desire deeply to arrogate upon themselves the power to control the Marcos deposits. In which case, the solution to the current crisis may not remain hidden for long. It will soon go out in the open. Many will know about it and soon they will discuss it and transfer their knowledge to others.

Soon all around the world, they will know Cory and her gang want to hold hostage the entire Philippines due to her own, her relatives’ and her friends’, factotums’, loved ones’ and lovers’ — both dead and living, but specially the living — burning desire to collect their undeserved percentages from the Marcos deposits once the decision to transfer these funds will come out.

The Last Will and Testament of Marcos is clear: The deposits will accrue to the Filipino people.

She can never even come to accept the truth that the late Ferdinand Marcos actually and in truth chose Sen. Benigno Aquino to be his successor. That is why Marcos was sending U.S.$100,000 every time for Ninoy to withdraw when Ninoy was in Boston, Massachusetts. He would use pay phones to call Marcos and never land lines so no one will know their connection.

Cory will never admit that she dug U.S.$4.62 billion of precious metal hidden by the late President inside a large dam in Metro Manila with the much-vaunted Fort Santiago gold diggings as a decoy. She used the Presidential Security Group as security guards. She used the National Security Council as social welfare workers distributing sardines, corned beef, water and other necessities to the people who were literally living on their rooftops because Cory’s gold digging had to flood communities because the huge dam had to be closed. Cory even had to donate a banca to many of the households because the pathways and streets in the community had become rivers just because of the treasure hunt.

It must be recalled that after this find, Gregorio Honasan and Sen. Enrile even more heightened their threats to unseat her from power.

we live in interesting times.

The Global Elites' take on Noynoy.

Monday, Apr. 26, 2010
The Next Aquino: Can Noynoy Save The Philippines?
By Ishaan Tharoor / Zamboanga City

It's past midnight in Zamboanga and Benigno (Noynoy) Aquino III slouches in his chair, a glass of Coke in one hand and a cigarette in another. He's tired and bleary-eyed and wracked by a cold. A grueling day of audiences, processions and interviews in three different provinces across the southern Philippine island of Mindanao is drawing to a close in the hotel lobby. While aides and well-wishers murmur around him, Aquino stands and holds out his arms as if awaiting handcuffs. They are lined with scratches and bruises — the toll of ceaseless hours of plunging into throngs of supporters and pressing the flesh. He grins: "It's another demonstration of people power."

For the Philippines, Aquino is an unlikely man of the moment. At a rally earlier in the day, tens of thousands had crammed into a stadium to hear the presidential candidate speak. Kris Aquino, his youngest sister and a celebrity talk-show host, revved up the crowd alongside her husband, an equally telegenic basketball star. High-school dance troupes garbed in yellow — the Aquino colors — spun cartwheels on stage. Yet when 50-year-old Noynoy emerged, hunched and bespectacled, amid blaring music and streams of confetti, he cut an awkward figure. Shirt loose, pants baggy and hair thinning, he looked more an abashed computer nerd than the sort of brash, swaggering politician that has become the stock-in-trade in the Philippines. (See pictures of Corazon Aquino's Life.)

The movement that has swelled around Aquino in the past year, launching him as chief contender for the Philippine presidency ahead of the May 10 general elections, hinges on a legacy far larger than his own. His charismatic father, Benigno (Ninoy) Aquino Jr., was the country's greatest champion of democracy before being gunned down in 1983, presumably by agents of the ruling dictator Ferdinand Marcos. Then his mother, Corazon (Cory) Aquino, a once meek housewife, became the figurehead of a popular rebellion in 1986 that toppled Marcos and gifted to the global lexicon the now immortal phrase of democratic revolution — people power. Not for nothing is Nelson Mandela said to have praised Noynoy Aquino when they once met, quipping, "You chose your parents well."

By his own admission, Aquino would not be running at all had it not been for the massive outpouring of public grief and affection that followed his mother's death from cancer last August. He says he now walks the same path first trod by his revered parents. "They made automatic in me the preference to take up the cudgels for those who have less in life, for the powerless," he says. "Why should I veer away from their footprints?" (Read "Corazon Aquino 1933-2009: The Saint of Democracy.")

This moral mandate has proven especially poignant ahead of the elections — winning Aquino a lead in opinion polls despite a relatively undistinguished political career (he's currently a member of the Philippine Senate). Popular opinion turned long ago against the current President, Gloria Macapagal Arroyo, who has been in power for nearly a decade. Her administration is mired in sundry allegations of graft and electoral fraud. The law bars Arroyo from seeking re-election, but many critics see in her reign traces of the nation's authoritarian past. Analysts point to a decline in the independence of institutions like the judiciary and an increasing gap between the wealthy few and the 30% of the population living below the poverty line. Says Aquino: "It's as if we've backslid to the days of Marcos."

Aquino's campaign has styled itself as the panacea for an afflicted country. If you listen to his supporters, he is the righteous change candidate, destined to overhaul a stagnant status quo and redeem democracy, which has had a long and torturous history in the Philippines. While his opponents — including a wealthy billionaire — draw their funds from a coterie of vested interests, Aquino claims to be operating on a shoestring budget. Perhaps overstating the point, Aquino staffers in Manila display dozens of piggy banks filled with coins pooled together by schoolchildren. Chris Tio, a Cebu businessman who has left his work and family behind to volunteer for the campaign, shakes with emotion when recounting the virtues of the Aquino cause. "The Senator is a humble man at an extraordinary moment," he says. "We're in a fight for the soul of this nation."

Frozen in Time
Yet, for all the zeal he inspires, aquino himself is also a product of the status quo. Both his parents, Ninoy and Cory, came from pedigreed stock — landed, aristocratic families that have long been part of the ruling establishment. Similarly, Aquino's vice-presidential running mate, Mar Roxas, is the grandson of Manuel Roxas, the country's first President. Arroyo, their erstwhile foe, is the daughter of Diosdado Macapagal, another President from the early days of the republic. And though they eventually faced each other as enemies, Ninoy and Marcos were members of the same fraternity at an elite Philippine university. Like a pantomime of ancient Rome, Manila's political landscape has been shaped for generations by the intimacies and vendettas of an entrenched rank of patricians.

That, ultimately, has been more of a bane than a boon for the Philippines. From being the second richest country in Asia in the 1950s, it has dropped to among the continent's poorest and least dynamic. During the Marcos years, key industries were turned into monopolies run by friends and allies, creating a culture of crony capitalism that still lingers. While Arroyo is generally praised for guiding the economy to stability during the recession, much of the growth in the country is the result of remittances sent back by a legion of Filipinos encouraged to work abroad — currently an estimated 9 million to 11 million people, or roughly 10% of the country's total population. With little job creation at home, analysts point to the Philippines' inability to grow its middle class. "The basics for success are here, at least in terms of human capital," says Greg Rushford, a Washington-based expert on trade who has monitored the Philippines for over 30 years. "But there is a lack of seriousness in the political leadership — institutions are dominated by an uncaring wealthy class."

Aquino says he cares: he speaks eagerly and repeatedly about empowering the people by delivering them "freedom from hunger." His campaign has made curbing corruption its No. 1 goal; translated from Tagalog, its main slogan reads, "With No Corruption, There's No Poverty." Aquino says some $6 billion would return to the national budget each year were it not for graft in the system. But he and his nine rival candidates (who all, to varying degrees, have spoken out against corruption) are going up against a problem that is hardwired into the country's politics — one whose American-style democracy echoes the cutthroat days of Tammany Hall and whose hacienda culture of feudal oligarchs would seem familiar to much of Latin America. "There are ties of clan, family and region that are stronger than the nation," says Ramon Casiple, a leading political commentator in Manila. "To this day, it's all about patronage." (See TIME's Aquino covers.)

The rot in the Philippine system was perfectly illustrated last November, when gunmen in the service of the Ampatuans, a powerful ruling family in the Mindanao province of Maguindanao, ambushed the entourage of a rival politician, killing 57 people, including over two dozen journalists. The grisly massacre — some bodies were grotesquely mutilated and defiled — shocked the country and made global headlines. But while Arroyo has arrested leading Ampatuans and called for a ban on guns ahead of the polls, her opponents cite the clan's long-standing ties to her administration, which, they say, doled out generous state funding from Manila in exchange for support during local elections. "The incident dramatized the way feudal politics play out in the Philippines," says Marites Vitug, editor of Newsbreak, a respected Manila newsweekly.

What enraged many observers, beyond just the prevalence of naked warlordism in some of the poorer reaches of the country, was the audacity of the attack. It's a symptom, say Vitug and others, of a culture of impunity that has cemented itself in the Philippines over the decades and become exacerbated under the present government. A 2009 U.S. State Department report chronicled widespread extrajudicial killings and the disappearances of human-rights activists and leftist journalists, as well as the mistreatment of Muslims in the country's insurgency-ravaged south. It called corruption in the Philippines "endemic." (Read "People Power's Philippine Saint: Corazon Aquino.")

Rumors of politicians abusing their power swirl constantly in the voluble Philippine media, but little gets done to bring anyone to justice in a country whose courts are infamous for their low conviction rates. Arroyo became President in 2001 after being at the forefront of mass protests against perceived corruption in the administration of Joseph Estrada, a populist former movie star. In a rare instance of prosecution, Estrada was convicted of "plunder" in 2007, only to be pardoned by Arroyo months later. He's now among the front-runners in this May's presidential polls.

Like Mother, Like Son
Aquino is not the only candidate promising social renewal, but he seems well suited for the part — carrying himself with an air of almost Gandhian simplicity and uprightness. Ahead of his decision to run, he consulted in seclusion with the nuns of a Carmelite convent. He later exasperated aides by sending back shoes purchased for the campaign trail because they were too expensive. Unmarried, he leans on his four sisters for support. "Someone had to tell him that a shirt has to fit in a certain way," sighs Kris. "That his jeans can't have pleats."

But this modesty has not won over all. Aquino's chief rival in the elections, Manuel Villar, is a suave, smiling businessman with a rags-to-riches story, rising from a Manila slum to become one of the wealthiest and most powerful men in the country. He scoffs at Aquino's thin political record: "Has he done anything?" Villar himself has held influential seats in the Philippine Congress for over a decade and some accuse of him of using his political clout to grow his own real estate fortune, a charge Villar dismisses. His campaign spending has dwarfed that of other candidates, funding lavish TV ads and radio jingles, and he's associated with a roster of big-ticket allies, including world-champion boxer Manny Pacquiao. "I am not a movie star. My parents weren't heroes," Villar tells TIME. "The playing field needs to be leveled somehow."

Observers say the presidential race has become a contest between Villar's populism (and deep pockets) and the Aquino family legacy. The battle bears the echo of an earlier rivalry: like Marcos, Villar is running at the head of the Nacionalista Party, which vied in the past with the Aquinos' Liberal Party. (He is also backed by Marcos' son, Bongbong.) Marcos' refusal to accept an electoral loss to Cory triggered the People Power movement and catapulted her into the presidency in 1986. Her administration is credited with doing much to pull the Philippines away from the dark years of Marcos' martial law, bringing back foreign investors and rewriting the country's constitution. But, unlike her husband Ninoy, Cory was never a natural politician and was seen by critics at times to be weak and indecisive. She was also beset by the conspiracies of pro-Marcos forces and victim to three failed coup attempts. Shrapnel from a 1987 attack by rebellious troops is still lodged in her son's neck.

Noynoy Aquino says he has forgiven the soldiers who once sought to kill him — some are now in politics as well — and is not concerned about the threat of an interfering military. (Mutinous officers in 2006 also sought to oust Arroyo.) He talks with ease and intelligence about his plans to expand the country's middle class with microcredit programs, to boost industry, universalize health care, fix education and shake up the judiciary. But there are doubts about how savvy an operator he will be when thrown deep into the murky world of Philippine politics — one, by his own admission, that he has considered forsaking in the past "so not to be compromised anymore." Winnie Monsod, a prominent TV pundit who once served in Cory's administration, says Aquino "doesn't have his father's charisma, but he has his mother's sincerity. Whether that's enough, I don't know." (See pictures of a deadly massacre in the Philippines.)

Keeping Hope Alive
There's a cautious optimism that it just might be. "People sometimes don't see it," says Maria Elena, Aquino's eldest sister, widely known by her nickname "Ballsy." "But Noynoy's very stubborn. He knows what's right and what's wrong." Executive power in the Philippines is far-reaching — by some counts, Arroyo made thousands of government appointments — and experts hope the next administration will build up the stability and independence of the country's frail political institutions. Aquino is seen to be surrounding himself with a team of largely honest, well-intentioned politicos. "He may not be the ultimate architect of change, but he could push open the door for real reform," says the commentator Casiple.

Vitug, the magazine editor, says Aquino's promise lies in his incorruptible image. "Our trust in politics has been so eroded that people just want a new leader who will do the very basic — who will not be corrupt, who will be good," she says. But this is also tethered to a far deeper affection. "The people remember his parents," says Monsod. "For them it's like going back to Camelot." (Read "A Miracle Worker in a Plain Yellow Dress.")

Aquino is more humble about his role, fitting for a person who has lived quietly for much of his life in the shadow of his parents' legend. "We are just instruments put in the right position to execute God's will," he says with the sort of religious solemnity his mother became famous for. After leaving office, Cory had turned to painting. The walls of her old Manila home are lined with watercolors of flowers, rosaries and scenes of sylvan idyll far from the tumult and violence that often filled her political life. Aquino's rise follows his mother's retreat from the maelstrom and there's a palpable steeliness beneath his unimposing demeanor. "I crossed my Rubicon in 1983," says Aquino, referring to the year his father was assassinated. "I cannot accept that he would die for nothing."

Neither can countless Filipinos. As Aquino's convoy heads to the rally in Zamboanga, the city nearly empties out entirely onto the streets to greet him. Yellow banners and ribbons — first popularized by Ninoy's love for the 1970s pop song "Tie a Yellow Ribbon Around the Ole Oak Tree" — festoon almost every rickety fence and street light in a town governed by politicians aligned against the Aquinos. The roads teem with Zamboangans of all walks of life, barefoot street kids and housewives holding parasols, all clad in their own makeshift yellow Aquino gear (the campaign didn't at the time have a budget to mass-produce T-shirts). The procession teeters to a snail's pace for over three hours, as thousands swarm around, their hands held up forming Cory's famed L sign — meaning laban, or "fight." So much confetti and shredded paper billows out of office buildings that, over the wail of sirens and the ceaseless chanting of "Noynoy!," tropical Zamboanga looks like it's covered in a layer of snow.

Romy Mercado, a friend of Aquino's since high school and a close aide, says they have been received in such fashion nearly everywhere. The campaign, according to Aquino himself, is quickening something "dormant" in the Filipino people. "I haven't seen anything like it since the days of Cory and People Power," Mercado shouts over the din, sitting one vehicle behind Aquino's. But when asked to talk more about his experience of that now faraway time, Mercado is unable to respond. Head in his hands, he's too busy wiping away the tears.

—with reporting by Sunshine De Leon / Manila

SSS to introduce gold trading

THE SOCIAL Security System (SSS) wants to introduce the trading of gold certificates in the stock exchange, and give investors a new investment vehicle and at the same time hedge its assets against price fluctuations.

In a statement, the private sector pension fund said it has written the Bangko Sentral ng Pilipinas (BSP) to express its intent to purchase P1 billion worth of gold.

The BSP has $5.95 billion worth of gold in its reserves as of March.

“Eventually, SSS intends to issue gold certificates,” SSS President Romulo L. Neri was quoted as saying in the statement.

Short on specifics, SSS said it hoped to eventually “establish a trading mechanism” for these gold certificates in the Philippine Stock Exchange (PSE).

SSS Spokesman Joel P. Palacios said in a telephone interview yesterday the letter was sent to BSP Governor Amando M. Tetangco, Jr. on April 16.

However, the plan to buy gold from the central bank and to issue tradeable gold certificates still needed to be approved by the Social Security Commission, the fund’s board.

“Once the gold is available, we will issue certificates to represent specific units of gold and the certificates will be traded at the PSE,” Mr. Palacios said.

“The plan would enable SSS to hedge part of its assets in gold reserves, which is widely considered a safe and stable investment,” SSS pointed out in the statement.

“Gold is a haven for investors during times of currency devaluations.”

Mr. Neri, in the SSS statement, said gold certificates would also give investors a hedge against price fluctuation, aside from presenting them another investment option.

He added the trading of these gold certificates would result in additional income for the pension fund as well as help the central bank mop up excess liquidity in the open market.

Sought for comment, Astro C. del Castillo, managing director of First Grade Holdings, Inc., said the trading of gold certificates will give investors another form of investment.

He said that during times of crisis, people usually go to gold for safety and so its value is expected to rise.

“The more instruments that we have in the PSE, the better. Hopefully, it will attract more investors,” he said.

He noted, however, that gold is traded in other Asian exchanges as a commodity and not as a security.

Under Section 26 of the Social Security Act of 1997, the SSS is mandated to invest in BSP-approved investment instruments.

As of end-December of 2009, the SSS has over P260 billion in its investment reserve fund.

The SSS investment portfolio includes placements in government securities, equities, member and development loans, housing and real estate. -- L. D. Desiderio

Nanotechnology now employs gold, platinum and hydrogen peroxide to build bacterium-size catalytic engines for nanorobots according to Scientific America.

Also in nanoscale levitation according to SEAS-Harvard U.

That SEAS finding brings my mind back sometime ago to what Fr. Pascualito Monsanto (of the Aramaic Church of the Philippines and wrote a book about Philippine gold) wherein he said that gold has something to do with the stabilization of Earth's gravity. Though I brushed that aside as having no scientific basis, this new findings stirs my mind that maybe, gold might indeed have some Earth-size effect that modern science is still yet to discover. Gold has been mined since ancient times. Maybe the Ancients knew more about this metal than just for jewelry and adornment. In the Bible, gold is God's metal of choice for His Temple above silver and bronze.
This topic is now one year in this forum. Thank you everyone.
QUOTE (azaz @ Apr 22 2010, 08:18 PM) *
Nanotechnology now employs gold, platinum and hydrogen peroxide to build bacterium-size catalytic engines for nanorobots according to Scientific America.

Also in nanoscale levitation according to SEAS-Harvard U.

That SEAS finding brings my mind back sometime ago to what Fr. Pascualito Monsanto (of the Aramaic Church of the Philippines and wrote a book about Philippine gold) wherein he said that gold has something to do with the stabilization of Earth's gravity. Though I brushed that aside as having no scientific basis, this new findings stirs my mind that maybe, gold might indeed have some Earth-size effect that modern science is still yet to discover. Gold has been mined since ancient times. Maybe the Ancients knew more about this metal than just for jewelry and adornment. In the Bible, gold is God's metal of choice for His Temple above silver and bronze.
This topic is now one year in this forum. Thank you everyone.

Happy Thread anniversary, everyone !

Interesting, the Orthodox Church in the Philippines - They are primarily Lebanese congregation, correct ?

This sounds abit finny and abit real
QUOTE (African @ Apr 24 2010, 08:49 AM) *
This sounds abit finny and abit real

you could just add your own stories about Kenyan gold & fantastic treasures. Do you also have a King Midas ? Maybe the German East African Army left something from Tabora (but that's Tanzania).
QUOTE (matigasngulo @ Apr 23 2010, 07:11 AM) *
Happy Thread anniversary, everyone !

Interesting, the Orthodox Church in the Philippines - They are primarily Lebanese congregation, correct ?

I don't remember Fr. Monsanto mentioning links with Lebanese based church. I'll ask if I get in touch with him again. He has not replied to my emails for two years now. His book on Philippine gold was sought by Todd Alphine, and probably also by the Diaz umbrella.

There is an unusual silence at Ming's forum. I hope they are turning their words into action, that is, "...returning the wealth to the intended owners..."
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QUOTE (azaz @ Apr 26 2010, 10:57 PM) *
I don't remember Fr. Monsanto mentioning links with Lebanese based church. I'll ask if I get in touch with him again. He has not replied to my emails for two years now. His book on Philippine gold was sought by Todd Alphine, and probably also by the Diaz umbrella.

There is an unusual silence at Ming's forum. I hope they are turning their words into action, that is, "...returning the wealth to the intended owners..."

oh, i read the wikipedia article about that group, they seem to be present in Australia as well - large Lebanese population. and there are some in the Philippines too, doesn't mean though that it prevents others to join or even lead, like Fr. Monsanto. i noticed that in the forum, somebody was upset about a divorce settlement and started spamming. well, seems that packsof prospering are in RP too, with the SSS plan.

this is about the Russian / Byzantine Orthodox Church:
Gold is a colour of The Heavenly Kingdom. When used as the background of an icon it is not flat, but is instead intended to be of infinite depth. Icons are drawn in a flat, non-perspective style. This is intentional, not just a reflection on the skills of the icon painters. The flat style of the painting allows the icon to be viewed equally by all, regardless of position.

i'm following a discussion on a german forum about the german bank minting more gold coins than it acutally has - supposedly it has only 80 tonnes accesible, and is minitng them until 2015 in 20 € gold coins. people are suspicious , thinking that it will only lead to someone confiscating it in the future.
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