Keith Johnson January 4, 2015
The rich ruleth over the poor, and the borrower is servant to the lender. – Proverbs 22:7
Our nation’s official debt is reported to be $18 trillion. I believe our debt is much higher than our “public servants” admit and the State Sponsored Media report. Are you aware every dollar we print and borrow is our legal consent to indentured servitude?
The “official” numbers do not include unfunded obligations such as pensions, social security payments, Medicare, etc. It is my opinion that the biggest potential addition to our debt is derivative liability. The Stock Market crash of 1929 and the Great depression resulted in the Glass Steagall Act. This separated commercial and investment banking. The Glass Steagall Act was repealed in 1999 by our Two-Party Gladiators, the “Contract with America” Red Tie Republican controlled Congress and George W. Bush’s Blue Tie brother from another mother, Democrat President Clinton. The result was the subprime meltdown that led to the recession of 2008. Let us not forget the bipartisan TARP bailout that handed $16+ trillion to American and foreign banks.
Want specifics? Here is the top 15 ‘too big to fail’ recipients of your money.
Citigroup: 2.5 trillion ($2,500,000,000,000)
Morgan Stanley: $2.04 trillion ($2,040,000,000,000)
Merrill Lynch: $1.949 trillion ($1,949,000,000,000)
Bank of America: $1.344 trillion ($1,344,000,000,000)
Barclays PLC (United Kingdom): $868 billion ($868,000,000,000)
Bear Sterns: $853 billion ($853,000,000,000)
Goldman Sachs: $814 billion ($814,000,000,000)
Royal Bank of Scotland (UK): $541 billion ($541,000,000,000)
JP Morgan Chase: $391 billion ($391,000,000,000)
Deutsche Bank (Germany): $354 billion ($354,000,000,000)
UBS (Switzerland): $287 billion ($287,000,000,000)
Credit Suisse (Switzerland): $262 billion ($262,000,000,000)
Lehman Brothers: $183 billion ($183,000,000,000)
Bank of Scotland (United Kingdom): $181 billion ($181,000,000,000)
BNP Paribas (France): $175 billion ($175,000,000,000)
How much is our debt?
If we bailed out 16 trillion and the debt is 18 trillion, the amount owed to the central banking cartel should be paid in full, right? So, pay off China and Japan and we should be o.k.? I wish it were that easy.
The elections of 2014 were enthusiastically reported by the Red Ties as the nation’s rejection of President Obama’s massive spending and debt increases (with a Republican controlled House that controls the purse?). The enormous spending bill that was passed immediately following the election was the exact opposite of the people’s demands. The “fiscally responsible” Republicans included an obligation of $303 trillion in derivative liability on the backs of the people and their posterity. This incredible amount is now covered by the FDIC. The banks can now use your money to gamble in the high stakes of the derivative market, keep all profits, and we are on the hook for hundreds of trillions of losses. What are you going to do, throw your hands up and refuse to pay? They have that covered. The same spending bill has allowed for the “revision” of pensions.
Remember, as the world watched the crisis in Cypress unfold, very few noticed that Polish citizens had their pensions raided. If your plan is to lay low or hide assets, Congress passed the Intelligence Authorization Act for 2015. On the same day that Diane Feinstein was peacocking her outrage of the CIA torture report, she added an amendment to the bill that legalized’ the stealing and recording of all of your communications. In a gross violation of the 4th Amendment, the public servants have declared legal access to everything you do. Recently, at the G20 meeting, global financing is being restructured. These changes are setting up a massive ‘bail-in”. Ellen brown has written an important article that should be read by everyone
Rep. Justin Amash wrote in a letter to fellow members of Congress
“To be clear, Sec. 309 provides the first statutory authority for the acquisition, retention, and dissemination of U.S. persons’ private communications obtained without legal process such as a court order or a subpoena. The administration currently may conduct such surveillance under a claim of executive authority, such as E.O. 12333. However, Congress never has approved of using executive authority in that way to capture and use Americans’ private telephone records, electronic communications, or cloud data.”
We cannot solve our debt problem if we do not understand that our entire economic system is based on debt, plain and simple.
Their Federal Reserve system has been, is, and will continue to be the root of the problem. The Federal Reserve is not federal and has no reserves! The name is intentionally misleading. The history, deception, and duplicity of the Owen Glass Act and its passing late on December 23, 1913 with a few Congressmen present, is too complex to explain in a blog post. Eustace Mullins, G. Edward Griffin, and others have written books detailing the fraud and theft of our central bank. James Corbett did a superb documentary, ‘Century of Enslavment: The History of the Federal Reserve’. It is essential that every person learn how and why the Federal Reserve operates. Fractional reserve banking allows the lender to loan up to ten times the reserve amount. It is also important to know that most wars are funded on BOTH sides by bankers. War is a racket.
Debt is slavery. Indentured servitude did not always occur by conquering and stealing people and selling them into slavery. It was entered into voluntarily! Many people could not afford to move to the new world. They agreed to terms of indentured servitude in exchange for the price of travel by ship across the Atlantic Ocean. The debtor would be legally subjected by the debtee. If you had no land, resources, or commodities, your payment was your labor. Your commodities were your blood, sweat, & tears.
When our water, land, energy, and agriculture do not pay our debt, the next resource available is labor. In case of an economic emergency the government of the United States of America claims that it has the authority to take ownership of ALL resources. All. That includes communications, energy, water, property, food, and labor. That is the “good faith” of the United States of America that backs our bonds. The executive order signed on March 16, 2012 gives authority of all resources to the cabinet. This includes the Secretary of Labor. This order changed the wording; “in the event of a national emergency.” is now “purposes of national defense.”
Sec. 601. Secretary of Labor. (a) The Secretary of Labor, in coordination with the Secretary of Defense and the heads of other agencies, as deemed appropriate by the Secretary of Labor, shall:
(1) collect and maintain data necessary to make a continuing appraisal of the Nation’s workforce needs for purposes of national defense;
(2) upon request by the Director of Selective Service, and in coordination with the Secretary of Defense, assist the Director of Selective Service in development of policies regulating the induction and deferment of persons for duty in the armed services;
(3) upon request from the head of an agency with authority under this order, consult with that agency with respect to: (i) the effect of contemplated actions on labor demand and utilization; (ii) the relation of labor demand to materials and facilities requirements; and (iii) such other matters as will assist in making the exercise of priority and allocations functions consistent with effective utilization and distribution of labor;
What do they mean by “induction and deferment of persons for duty in the armed services” and “effective utilization and distribution of labor?” This is alarming terminology, to say the least.
If the Constitution can be eradicated by declaring national defense, what separates our government from authoritarian regimes like China? Why is the “Beacon of Freedom” borrowing money from a murderous tyrannical government?
The praise for Mao Tse Tung in the NY Times, penned by David Rockefeller August 10, 1973, is very telling. Rockefeller’s immense power in the global financial system cannot be ignored. An admitted globalist and avid supporter of abolishing national sovereignty, his admissions and writings represent the world’s most powerful and influential persons. He wrote;
“Whatever the price of the Chinese Revolution, it has obviously succeeded not only in producing more efficient and dedicated administration, but also in fostering high morale and community of purpose. The social experiment in China under Chairman Mao’s leadership is one of the most important and successful in human history.”
Whatever the price?
That price was a travesty. Mao’s efficiency murdered 60-80 million people. 45 million were starved to death during 4 years of the Great Leap Forward. The Chinese system includes prison labor, sweat shops with suicide nets, organ harvesting, forced abortions, and execution vans. Is this a nation in which we should be indebted trillions of dollars? China now owns 60% of Manhattan, owns land, and U.S. oil and natural gas rights.
What do we do?
Let us take on the fraud of the Federal Reserve and derivatives liability first. What is the derivative solution? Well, Iceland refused to obligate their citizens to the derivative fraud and prosecuted the heads of banks for fraud. That was not the headline of every State Sponsored Media outlet as it should have been.
The Federal Reserve solution is realizing that we have absolutely no need for borrowing. Congress can print money without the automatic interest (debt).
Another solution to the problem could be people learn the acronym CAFR; Consolidated Annual Financial Report. Our federal, state, and local governments collectively make $17 trillion per year. Why do we borrow at all?
The fraudulent central banks and their Chinese enforcers are our lenders and we are the debtors. Debt is slavery. Our children and grandchildren are being placed in indentured servitude to psychopathic despots.
The recognition and abolition of the derivative scam, the fractional reserve lending scam, the Federal Reserve fiat currency scam, and the proper utilization of funds reported in the CAFR’s could end this problem.
The question is will we do it?