USA’s fourth largest bank loses 9 billion FRNs
Saturday, July 26th, 2008Wachovia Corporation lost almost 9 billion Federal Reserve Notes in the fourth quarter. That is equivalent to 514,285,714 silver dollars minted by the United States mint since 1986 AD.
“If Wachovia had not practiced the principles of Leninism basing their monetary standards on the standardless Federal reserve note they would not be sustaining these loses,” stated Christopher Hansen the Co-host of American Sovereign.
To back up Hansen’s claims he pointed to the works of world-renowned economist John Maynard Keynes:
“Lenin is said to have declared that the best way to destroy the capitalist system was to debauch the currency. By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. By this method they not only confiscate, but they confiscate arbitrarily; and, while the process impoverishes many, it actually enriches some…
“Lenin was certainly right. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose.’”
The Economic Consequences of the Peace (1919) by economist John Maynard Keynes, quoted by N. Gregory Mankiw economics professor Harvard and author of Principles of Economics, in Dr. Mankiw’s article in FORTUNE magazine, Nov. 9, 1998 AD
“The Federal Reserve has created this mess,” said Hansen. “The evidence is very clear as even Robert B. Reich, former Secretary of the Treasury made these statements as reported in USA Today, January 7, 1999.”
“The dirty little secret is that both houses of Congress have become increasingly irrelevant… In case you hadn’t noticed, America’s domestic policy is now being run by Alan Greenspan and the Federal Reserve Board. Their decisions about interest rates are determining how many of us have jobs and how many of us get a raise.
“When the Fed’s Open Market Committee decides to lower the rates, unemployment drops and wages rise. When they raise rates, it’s just the opposite. When they decide to hold rates steady, as they did last week, the economy continues to move in whatever direction it was already going…
“Congress is out of the loop…
“America’s foreign policy, mean while, is now being run by the International Monetary Fund (IMF), with some coaching from the Treasury Department…
“Here, too, Congress has become irrelevant. Some senators and House members fussed a bit when the administration asked for tens of billions of additional dollars for the IMF. But in the end, the elected representatives came through…
“And when the president decides to go to war, he no longer needs a declaration of war from Congress. He just calls up a few generals, phones Tony Blair in Britain and sends in the bombers.
“Have you seen a single congressional hearing or congressional debate on the U.S.-Iraqi war?”
If the above quotes do not convince you of your awful situation just take a look at the very notes you carry in your pockets.
On the series 1928 Federal Reserve Note it said that the note was: Redeemable in gold on demand at the United Stares Treasury or in gold or lawful money at any Federal Reserve Bank.
On the series 1934 Federal Reserve Note it said that the note was: This note is legal tender for all debts public and private and is redeemable in lawful money at the United States Treasury or at any Federal Reserve Bank.
On the series 1963 Federal Reserve Note and through to today it says: This note is legal tender for all debts, public and private.
The United States is establishing the Religion of Marxism-Leninism and it will destroy the USA just as easily as it destroyed the Soviet Union.
The “Religion” of Marxism-Leninism: Lenin never realized that he, too, had established a religion of sorts, with its own superstitions and cant, with its own heretics and infidels (lots of them) a religion whose leading disciples later preserved Lenin’s corpse as a pseudo-holy relic for Communist worshipers.
How to Prevent Genocide: A Guide for Policymakers, Scholars, and the Concerned Citizen, p. 42, by John G. Heidenrich, former analyst with U.S. Defense Intelligence Agency, Published 2001, Greenwood Publishing Group
Great men in the history of America have warned Americans but as Keynes warned: “[N]ot one man in a million is able to diagnose.”
“The legal tender quality [of money] is only valuable for the purposes of dishonesty.”
Chief Justice Salmon Chase, formerly Secretary of Treasury in President Lincoln’s administration, in dissent of Knox vs. Lee (The Legal Tender Cases, 1871)
The men that promote this dishonesty, like Wachovia, Appear to be paying for their deception. What goes around is coming around. But will the Government bail them out?
“Is there any reason why the American people should be taxed to guarantee the debts of banks, any more than they should be taxed to guarantee the debts of other institutions, including merchants, the industries, and the mills of the country?”
Senator Carter Glass, Author of the Banking Act of 1933
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