4 comments on “Another Devious Plan By Bankers
  1. RonMamita says:

    Why Does The Fed Promote Bitcoin?

    The Federal reserve central bank stated they do not see Bitcoin as a threat.
    They also want to revive the People’s trust in the institutions.

    Like

  2. RonMamita says:

    CONSPIRACY FACTS

    100 to 1 ratio of paper gold to physical gold in the rigged financial markets where the Federal Reserve has a trading desk…
    Trillions of U.S. Dollars electronically transferred to pump up the speculative trades in those financial markets while simultaneous being withheld from entering the Main Street local economies that encourage job creation and manufacturing. This is by design and the deception is to keep the masses of People ignorant of the details of the central banks’ activities.

    Ben Bernanke Confirms Hyperinflation For the U.S. dollar

    The Latest Scheme by Governments to Raise Cash

    Submitted by Simon Black, Sovereign Man:

    ‘Creativity’ isn’t usually a word associated with ‘government’. Words like stodgy, bureaucratic, and incompetent are typically more appropriate.

    But there is at least one area where bankrupt governments in particular tend to be exceptionally creative—finding unique ways to steal people’s money.

    And over the last few years, one of the most creative ways that bankrupt governments have come up with is to confiscate what they consider “dormant” bank accounts—this would be an account without any transactions over a specified period of time.

    The UK was the first on the scene with this idea with the 2008 Dormant Bank and Building Society Act. It was passed just in the knick of time right as the entire financial system was collapsing.

    Within two years, the British Banker’s Association estimated that the law could raise as much as $600 million for the government… no small sum in the UK.

    Earlier this year, Japan launched a similar initiative aimed at grabbing dormant bank accounts; they expect the move will raise approximately $500 million annually.

    Both at least Japan and the UK have long-term thresholds. In Japan, they’ll seize an account if it has been dormant for more than 10 years. In the UK, it’s 15 years.

    But there are a number of things wrong with this approach.

    First, it calls into question the fundamental principle of private property. How can something be yours if the state can legislate its authority to seize it?

    And even if the account holder has long since passed, shouldn’t the funds, by default, be awarded to the survivors nominated in accordance with the instructions in his/her last will and testament?

    It is a rather ignoble act indeed to set aside the wishes of the dead so that the state can have yet another resource to plunder.

    More concerning, though, is that if the state can simply legislate its authority to seize dormant bank accounts, then they can just as easily lower the bar.

    Australia (which actually has a well-capitalized banking system and is not even a bankrupt government) passed legislation last year to reduce the threshold on seizing dormant accounts from seven years down to just THREE.

    And in the last 12-months since the legislation was passed, the Australian government has seized a whopping 80,000 accounts totaling A$360 million… more than has been seized in the previous five decades COMBINED.

    In case you’re wondering, yes of course, the Land of the Free has similar rules.

    In fact, each of the 50 states has its own regulations pertaining to the seizure of dormant accounts. And the grand prize goes to… the great state of Georgia!

    Georgia’s Disposition of Unclaimed Properties Act sets the threshold as low as one year.

    In other words, if you have a checking account in Georgia that you haven’t touched in twelve months, the state government is going to grab it.

    So much for setting aside money for a rainy day and having the discipline to never touch it.

    If you’ve locked away money for your children’s savings or unforeseen emergencies, your government might be sharpening its knives ready to dig in.

    And just like central bank policies punish savers with interest rates that don’t come close to keeping up with inflation, these policies provide disincentives for people to be responsible and save money.

    It’s just another example of how the entire system is rigged against the individual… and all the more reason to divorce oneself from it.

    *
    Below is another interesting report from Simon:

    FUBAR II: China must import more water than the US imports oil

    http://www.sovereignman.com/trends/fubar-ii-china-must-import-more-water-than-the-us-imports-oil-14590/
    June 17, 2014 Shanghai, China

    In one of the most comprehensive studies ever conducted of China’s bubblicious property market, Professor Gan Li at Texas A&M University estimates that there are a whopping 49 million vacant homes in China right now.

    As a percentage, this is twice the vacancy rate that the US housing market experienced at the peak of its recent bubble… suggesting that China has a rather painful housing collapse in store.

    This should be a brutal blow to the economy given that housing comprised 15% of GDP last year. And the slowdown is already apparent.

    In fact, China’s president Xi Jinping uncharacteristically announced a ‘new normal’ recently, declaring the heady days of 10% GDP growth to be over. His vision of China is moderate growth and less stimulus.

    But I’ve identified a far greater problem for China… one that few people are talking about. And frankly I’m not sure they can fix it.

    We discussed yesterday that China does not have the capacity to feed itself. By the estimates of one state official, the country’s agricultural imports require more land to grow than the entire land mass of California.

    The reasons are simple. For one, China doesn’t have enough fertile land in production to support its population’s growing food demand.

    Theoretically this is fixable. With a bit of time, patience, and technology, barren soil can be rehabilitated In other words, China doesn’t have enough enough productive land capacity to support its population.

    But the far greater issue is China’s massive freshwater deficiency.

    Chief Economist Qian Keming of China’s Agriculture Ministry summed it up by telling the audience at the Third China International Agribusiness Forum:

    “Fresh water resources are only 2100 cubic meters per capita, which is only 28% of the world’s average level.”

    and

    “The shortage of [water for agricultural irrigation] each year is about 30 billion cubic meters. China imported about 148.6 billion cubic meters of water in 2013, which was equivalent to 38% of China’s agricultural water.”

    Here’s that number in perspective: China water imports of 148.6 billion cubic meters last year handily exceeded the 569 MILLION (0.569 billion) cubic meters of oil that the United States imported.

    Water is THE critical resource in agriculture. Without it, you’re not producing. This makes China’s deficiency a long-term headwind to their food production dilemma.

    It’s not something they can import their way out of either, because all of this comes at a time of flat (and even declining) yields, particularly from the world’s largest food exporter… which just happens to be the United States of America.

    After decades of growth, grain yields in the US have topped out. Farmers have managed to extract all that the earth is capable of providing.

    Many developing markets are no help either. Most people don’t realize that Africa, despite its legendary agricultural potential, is actually a net importer of food.

    So between the supply constraints and the constantly growing demand, it’s clear where this trend is going.

    The BEST possible scenario to unfold is rising food prices. The worst case could be shortages.

    All of this is potentially destabilizing. History shows that while human beings will put up with a lot of sacrifices at the behest of their governments, starvation is not one of them.

    This approaching ‘food crunch’ is the reason why agriculture is THE investment for the next decade and beyond.

    But more importantly, it’s another gigantic nail in the coffin for the status quo. And there are plenty more.

    Nearly every ‘developed’ western nation is bankrupt. Most major central banks are insolvent… and they’ve created bubbles everywhere. The century-old monetary experiment is starting to draw to a hasty, inevitable conclusion.

    Meanwhile apathy is at high tide. You can see it in voting booths and streetside revolutions around the world– people are sick and tired of the status quo… of thieving politicians… of war… of getting spied on… of being told what they can/cannot put in their bodies.

    They’re finally now starting to wake up and demand real changes– not just changing the players in charge, but changing the game itself.

    Politicians will fight with every resource they have to maintain the status quo. But in conjunction with the fundamentals of food, the confluence of all these forces together is more than any system can possibly withstand.

    It might not be today. It might not be this decade. But at some point in our future, there will be a complete reset in the way society organizes and governs itself.

    Just make sure you’re wearing your seat belt.

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The Worldwide Awakening
Peaceful Awareness & Knowledge Based TransitionSeptember 11th, 2017
Exercise freedom and creativity for all Earth’s inhabitants to explore ready breakthroughs in Self Organizing Communities, economics, and technology. This is a D.I.Y. project
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