Buy Gold And Silver Coins Instead of Lottery Tickets and Turn the Tables on the Bankers
Originally posted as a 62-page report at THEBURNINGPLATFROM.com by “ICE-9”
I recently learned more about something that happened 149 years ago and it has everything to do with what our country is facing today.
For 149 years Americans have been living within a great hypothecation, that is, a collateralization. The entire United States was offered up as an asset to pay off debts incurred after the Civil War in case the US was not able to pay back its lenders. The U.S. citizenry has not “owned” its own country since then.
The District of Columbia Organic Act of 1871 incorporated and privatized THE UNITED STATES when the country was bankrupt due to its insurmountable Civil War debts. It was at that time that the United States was switched from a country “for the people” to a country “of the people.” The new owners of the U.S. have never been revealed. They likely are bankers.
A dual Constitution was established at that time, without ratification of the States. Since 1871 the true ownership of the United States has remained unstated. “We the people” do not own our own country.
I’m reading all this from an author who goes by the pen name “ICE-9” who posted this at THE BURNING PLATFORM dot com in a mostrous 62-page (20,000 word) report entitled FINANCIALIZATION AND THE ROAD TO ZERO that I’ve shortened to ~2000 words
To help understand collateralization, the following example is provided.
It was recently reported that California cities are collateralizing their city streets as an asset so they can borrow funds to meet their obligations for employee pension plans. The city streets are leased to a financing authority which will pay the city up-front money and “rent” the streets back to the city for 25 years in order pay off the bonds. This could result in residents of these cities having to pay user fees to drive on city streets. This is a way of getting around bonds that require voter approval.
Collateralization is nothing new. ICE-9 writes that public civil infrastructure at all levels of government – – water corporations, passenger rail services, storm drain networks, hospitals, sewage plants, highways, government buildings, have been sold off at cents on the dollar and turned into quasi-bond issues that are paid for my public use fees. Our nation has been “strip mined” by bankers. ICE-9 says every conceivable thing of any perceivable value has been commoditized, collateralized, leveraged, re-hypothecated and securitized. There is nothing left to hypothecate.
And government must collateralize. Pension plans are about 30% under-funded. And municipalities and State governments have over $6 trillion in unfunded pension liabilities and another $13.9 trillion in unfunded Social Security obligations over the next 75 years.
Four ages of the U.S. economy: mercantilism, capitalism, financialism, globalism.
ICE-9 teaches the U.S. has passed through four financial eras: the age of MERCANTILISM, an economic theory that foreign trade generates wealth as cheap goods go through a value-added process as they are sold from importer to distributor to wholesaler and retailer and eventually to consumers; to an era of CAPITALISM where private owners of trade and industry profiteer rather than the state; to an era of FINANCIALIZATION where profits are earned mostly by financial institutions and very wealthy oligarchs who pass papers (credit default swaps, stock buy backs, futures and equities/stocks) between each other to accumulate profits without any real productivity; to the current INFORMATION ERA where nothing is created and only the information creators control the portals of profitability.
Inflation = the illusion of prosperity
ICE-9 writes that the “illusion of prosperity” is created by inflation. Inflation without wage increases and we reach a point where people experience starvation. This happened in London in 1815. The entire investment economy is dependent upon ever increasing inflation driven by ever-increasing Federal debt sales.
Yes, the U.S. also creates money out of debt. Our foreign trading partners end up with U.S. dollars and America ends up with their products (shoes, cars, cameras, etc.). Those U.S. dollars need to return to the U.S. so we can buy more foreign goods. So, the U.S. issues U.S. Treasury Notes (IOUs) for the money 2% interest. So much of our paper money – – a ten-dollar bill, let’s say – – is a promise to pay back China or Japan 2% interest. A ten-dollar bill really represents minus-ten dollars 2% inte
Article from LewRockwell