Willem Middelkoop The Big Reset Full Interview. Economic Collapse! National Emergency Employment Defense Act of 2010 (2010; 111th Congress H.R. 6550) GovTrack’s Bill Summary We don’t have a summary available yet.
Library of Congress Summary The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress. 12/17/2010--Introduced. National Emergency Employment Defense Act of 2010 - Replaces Federal Reserve notes with United States Money. Instructs the Secretary of the Treasury to originate United States Money to address any negative fund balances resulting from a shortfall in available government receipts to fund government appropriations. Subjects to criminal and civil penalties any person who creates or originates United States Money by lending against deposits through "fractional reserve banking. " Requires the Secretary to begin to retire all outstanding instruments of U.S. indebtedness by payment in full of the amount legally due the bearer in United States Money.
United We WIN! Debt Ceiling. WASHINGTON (AFP) - Delay in raising the US debt ceiling could reverse the fledgling recovery and trigger a new economic meltdown, US President Barack Obama said in a interview broadcast on Tuesday.
"We could actually have a reprise of a financial crisis, if we play this too close to the line," Obama told NBC television's "Today Show" program. "We're going be working hard over the next month. My expectation is we're going get it done in a sensible way. That's what the American people expect. " Treasury Secretary Timothy Geithner says that he has found stopgap ways to continue government operation for another couple of months before the government defaults on its obligations. "I take the Republican leadership at their word when they say it would be disastrous for us to not increase the debt limit," Obama said.
"I do not want to see the United States default on our obligations. " The current debt ceiling, reached last month, stands at some $14.3 trillion. Global ‘De-Dollarization’ Trend Accelerates. Well, the truth is that China has been making moves to become more independent of the dollar for a long time, and it has just been announced that China and South Korea have signed an agreement which will mean more direct trade between the two nations using their own national currencies...
Unfortunately, most Americans don't care about any of this at all. They don't understand that more U.S. dollars are actually used outside the United States than are used inside the United States. Because most of the rest of the world uses U.S. dollars to trade with one another, this has created a tremendous amount of artificial demand for our currency. In other words, the value of the U.S. dollar is much higher than it otherwise would be, and this has enabled us to import trillions of dollars of products at ridiculously low prices. Created 'Humanitarian' Immigration Crisis. 'Refugee' Crisis on the Border. Behind the endless throngs of desperate Central American children arriving on the U.S. border and a steady wave of illegal immigrants from Mexico and beyond is a covert plan for global economic warfare — those building up the world of globalization are tearing down the sovereignty and financial strength of the United States and Europe to make way for the coming corporate new world order.
A generation of sending American jobs offshore under NAFTA, GATT and the WTO, dumping cheap corn on Mexico thereby destroying millions of farming jobs and unleashing disruptive retailers like Wal-Mart upon the fragile economies of Latin America have created turmoil, uncertainty and rivers of human migration… and along with it bitter tension and discord over the dynamics of immigration, illegal immigration and the struggle for a lasting standard of living under the New World Order. An Academic View Of The Global Money Scam.
For all those that are still new to the global money scam, here is a simple entry level explanation from a slightly different perspective - an academic perspective.
Written by Michael Reiss (guest author) on . Posted in Economic Analysis, Theory, Understanding Money & Debt Professor Hyman Minsky once wrote “Banking is not money lending; to lend, a money lender must have money. The fundamental banking activity is accepting, that is, guaranteeing that some party is creditworthy. A bank, by accepting a debt instrument, agrees to make specified payments if the debtor will not or cannot”. “Banking is not money lending”? Most people imagine that money is simply a system of government-created tokens (physical or electronic) that get passed form person to person as trade is carried out. Say that Mick wanted to borrow £10 from Jim. Creation (out of nothing. So there you have the layman’s explanation. Is this issue controversial? So there you have it, banks do not lend money.
Mick’s Blog: Federal Reserve's steps toward removing USA economy from life support. Buy "Stuff" Now! USA is a corporation. Economic Collapse Survival Map - Risk Analysis of Best Area in United States. North American Union, NAFTA & Amero Currency.