The Big Reset: America’s Financial System Will Suffer a Horrible Reset By 2014

By SD Contributor AGXIIK:

America will soon suffer a horrible reset. That’s inevitable.
But the people of this country and their unique nature, with the resolve to roll up their sleeves, deal with the reset, and get back on to a sound hard asset backed currency (even if they have to dig it out of the ground with their bare hands) will reestablish a sound economy, like the one embodied in the best elements of the Constitution and Bill of Rights along with the beliefs and morality that existed before the banksters came to rule the land.  The present day currency cargo cult will come to an end.

I have optimism in that. But until we go cold turkey on a century of debt and take the cure, these things will not happen.  The longer we wait, the worse the reset will be.

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If one currency devalues itself into hyperinflation, all debts, foreign and domestic, would suffer either a complete default, with the principal and interest unpaid or the debts would be paid with hard assets such as gold or other commodities.

The difference in how the debts are resolved would be a test of the national character, will of the people, and courage of the political leaders. The people’s will is reflected in how much hardship they can take until they hit the breaking point.

Weimar Germany tried the former by printing its way out of war reparations.  That ended badly and WWII was one of the result.  Political courage is lacking in our country as it is in most. The people’s will is pretty questionable given that over half of the people in this country live almost entirely on government transfer payments.

The problem we face today is that the same problems that beset Germany and the dozens of other countries who went through hyperinflation, is that we now have dozens of countries pursuing the same policies but on a global basis.
What was once a single country reset to normalcy, will be world wide. 

The FIAT empires are designed to enrich some and em-beggar the common folks.  Inflation is the only path these people follow, knowing that inflation removes debt, but the  cost is terrible.  Inflation is insidious and its effects have 4,000 of historical precedence. How to fix its effects are well known.

The historical record is full of countries that printed themselves into penury and after their painful and deadly resets, many countries came back from the dead by creating a gold and silver backed currency. They survived the currency/debt reset because what the system had to deal with was funny money. People will almost always persevere evenif the FIAT does not.
The financial system we had worked well in the US for nearly 150 until the Federal Reserve was founded (with mal intent and a plan to destroy America). Subsequently gold and silver were either stolen from the citizenry or repudiated by the government—see Johnson taking silver from our coins and Nixon taking us off the gold standard.   The stage was then set.

Since then our country has not made even a single step forward in real growth of wages and wealth. While the charts of debt and income went upwards for 40 years, most of us have been stuck in the euphoria of inflation induced pseudo-wealth or, for a few, transformed formerly honorable professions like banking, lawyering and political offices into a dog eat dog hog wallow of moral and financial turpitude.  The coarser elements of human nature forced their ways into the fabric of this country. those who’s lives were devoted to plunder took power from good people.

So, the answer would be, and maybe some good news here, is that America will suffer a horrible reset. That’s inevitable.
But the people of this country and their unique nature, with the resolve to roll up their sleeves, deal with the reset, and get back on to a sound hard asset backed currency (even if they have to dig it out of the ground with their bare hands) will reestablish a sound economy, like the one embodied in the best elements of the Constitution and Bill of Rights along with the beliefs and morality that existed before the banksters came to rule the land.  The present day currency cargo cult will come to an end.

I have optimism in that. But until we go cold turkey on a century of debt and take the cure, these things will not happen.  The longer we wait, the worse will be the reset.

The US economy contracted by .1% in the 4th Q.  We are back into recession, not that we left it.  Anything that you hear from the government and others that we are recovering is  false hope and muddled thinking.   But that is no surprise to regular readers here on SD.  Most of us are living that reality and are prepared as best we can for the reset.

I think that when bond rates go back to their historic norm of 5%, or higher, the bond bubble will rupture. This will remove 25% of the bond values and start the reset.  That might take a while, maybe mid 2013 or into 2014.

 

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Comments

  1. Come on, it supposed to happen last month.

  2. I am rolling up the sleeve on my “made in China” shirt as we speak!

  3. My Opinion:
    What is missing un present day actuaries comments concerning the cause of economic failures is not the total fault of the Criminal  Federal Reserve, but more so by the implementation of credit cards world wide that people were sucked into by the banks. The pay as you go pattern of buying goods and services turned to easy buy now and pay later economics and the world governments followed suit in the same respect. When I was a boy growing up my parents bought and paid for only what they could afford and with cash or check at the time of purchase. When my wife and I married in 1965 we never purchased any items other than a car or home that we could not pay for as we made any other purchases by check or cash. President Wilson lamented at the time that he felt that he had unleashed a terrible thing on the American People when he signed the Federal Reserve Act into law in the year 1913. The boom was on and a free hand gave way for the Fed to run the economy in any way they chose.
    The long and short of my comment here is that The American People made the Federal Reserve what it is today by buying and buying on credit for future payment, increasing the velocity of manufacturing of goods and creation of services to be paid at a later date. Expansion of credit created more and more money printing as a result. The final result is The Federal Reserve has fallen into wicked hands and now the total backlash is upon the entire poulation of the world.

    • Well Ranger, I agree, the American people are to blame in one way, but they have been indoctrinated to follow the script from childhood. The education system does not prepare the citizens for the onslaught of disinformation and brainwashing of the mass media and governments, it only prepares us to be slaves to the debt based banking system. The globalists have been preparing us for slavery for at least 50 years, perhaps longer. The only effective means of “refurbishing” our system is an awareness revival and the reconstitution of our constitution! I fear though that the “roll up the sleeves”-ness of the people has been compromised by planned ignorance, since truth in today’s world is very hard to come by. I still believe in miracles though so, who knows…maybe this event that is ahead of us will be a renaissance…

    • Well, Ranger, that IS the hell of it for sure.  In a sound money system, such as we had prior to the coming of the Fed, credit was not money.  Under a fiat system, however, it is!  Banks are able to create credit at will and they have done so with reckless abandon.  The bills for this party are just now starting to trickle in and there are a lot of people out there who are awakening to the disaster that the Fed has spawned.  There are a lot of deer-in-the-headlights looks on people’s faces as they finally comprehend that just because you CAN buy something does NOT mean that you can afford it.  Credit is that piece of cheese in the trap… so yummy looking and good smelling too… but watch your neck.  SNAP!!
       

  4. When you watch “Serpico” starring Al Pacino, there is a scene in which all officers in the briefing room must smoke marijuana to help them do their jobs better. They smell it, taste it, see it. 
    The same for derivatives. Last Friday, I bought 600 shares of SQQQ, a highly leveraged derivative bet on a falling NASDAQ 100 index. I can report what I smelled. I smelled money. For every .01 tick up, I made 18.00. The smell of that kind of money is intoxicating. You feel high, invincible, smarter than the Joe Six Packs who work for one week for 400.00 at 10.00 an hour. One toke was not enough. I wanted more. I want to make 18,000.00 on one .01 tick! I can see where it leads. I am not greedy, but addicted!
    There, you have the derivative crisis. As long as these addicts have cash, they will smoke it all up. But wait, there is more. They lose money just as fast as they can make it. What next? They borrow money for friends, saying lies to get enough for one more high. When family and friends see they have a problem, they will cover it up at first. But the derivative addict needs more money to cover for their losses and make more money! No where to turn, they start to steal the money for their addiction. They raise taxes. They manipulate interest rates. The manipulate gold and silver prices. They coerce people to give up their pensions. They print money.
    Folks, this where we are in the derivative crisis first unveiled in 2008. They are stealing the wealth of entire nations, entire generations to get high or make up their losses.
    One cure…stop giving them money. Cold turkey. Lock them up. If we keep feeding their habit, they will bring the entire planet to a financial crash, erasing borders, eliminating laws, killing hundreds of millions.
    The derivative addicts or our families of nations of laws. What is your choice?
    BTW, I made money in my example, and have a real urge to “time” a pending index crash. One toke and you will be hooked and lose everything.
    I am out of it, and now we resume our regularly predictable rants and raves despite the derivative addicts who will completely destroy life on earth. I said DESTROY as in forget an orderly fall down to financial chaos. Forget preconceived plans to prepare and survive. Forget the bunker in the woods, forget it all. Nothing less than a D-E-S-T-R-U-C-T-I-O-N of 12000 years of human history is upon us. Unless….

    • Nice way to put it @Thomas on the Derivatives Market and yes that will be the downfall for us when it crashes. I’m glad your out off it. One Day At A Time. Lol
      As for going back to a currency backed by gold, what’s the use? We need honest people to handle that situation. Where Are They?

    • “As for going back to a currency backed by gold, what’s the use? We need honest people to handle that situation. Where Are They?”
       
      Do we really?  Seems to me that we had a gold standard in this country for about 150 years before we started down the slippery fiat slope.  Were they all honest people back then?  A lot were, for sure, but some were not, and the gold standard worked well.  VERY well, in fact.  Now, of course, we have 100 years of inflation baked into the financial cake and a lot of people who look at horribly inflated dollars and claim that there just isn’t enough gold or silver to serve as money.  OK, so remove all that BS inflation and look at the situation anew.  Well, now… under these conditions, there really IS enough gold and silver for use as money.
       

  5. AG, as usual, your writings here are lucid, informative, and on the mark!  This article was no exception.  Ranger kicked in with sound logic.
    What I would like to add is merely that being around like I have for 72 years one experiences what the USA is all about (history-wise).  For for me, I resided and travelled the world extensively for 26 years, 1962-1988.  That gave me an excellent perspective on how “the other side” lives.  I can tell you AG, in no uncertain terms, that the USA and Europe are inevitibly linked like siamese twins when it comes to the “gimme” generation we are living in today. Yes, there are marked differences in some areas abroad, but one thing is clear, there are far too many takers, and while I agree with your commentary, I feel that the “snap-back” after we hit bottom will be incredibly lengthy, if ever,  because of the mind-set of those born the last 40 years that have been groomed to expect someone else, anyone else, to provide what they need without having the ability to be a self-starter.  Now, if Obama gets his crown and becomes King (please, don’t think for a moment that is NOT his intention) then all bets are off.  This great country of ours will become China’s bitch.  Sorry, but I can’t be kind with that.

  6. Excellent posting by AG and excellent commentary by all .  It is the high level of knowledge and expertise  from many who visit here that help makes Doc’s  site the best in the PM arena.

  7. AG12K…You may be taking a bit too much of that hopium drug.  Don’t forget that it was 11years from 1776 to 1787 and those were very difficult years.  This ‘reset’ could take years and it won’t be pretty.  Who ultimately gains control has much to do with who has superior weapons.  Carroll Quigley outlined this in his book “Tragedy and Hope”. 
     
    In Washington and Jefferson’s day the people and the gov’t were similarly armed, thus revolution for liberty had a chance.  Before that Kings with their knights ruled until gun powder equalized the battle field.  So, as our nation ‘resets’ it will not be a return to liberty and the principles of the Constitution and the Bill of Rights.  In this day of specialist weapons e.g. drones, etc.,  the outcome will be a more totalitarian State I’m afraid.

    • Don’t dismiss the fact that we will have to deal with the 47 million free-loaders that will want what we have, Dog!  Plus, Obammy will be ensuring that his minions have ‘stuff’ to help them take yours and mine…

    • “Don’t forget that it was 11years from 1776 to 1787 and those were very difficult years.  This ‘reset’ could take years and it won’t be pretty.”
       
      Indeed so.  However, back in those days transportation and communication were incredibly primitive by today’s standards. I agree that it could take a couple of years for the “Great Reset” to occur but probably not much longer than that.
       
      “Before that Kings with their knights ruled until gun powder equalized the battle field.”
       
      Actually, the crossbow came between those two eras.  A farmer could be trained to accurately shoot a crossbow in a few weeks, rather than the years that were required to train a knight.  Knights could not wear armor sufficiently thick to deflect the power of a crossbow and still move.  The old “armies” were virtually regiments by today’s military size standards but their ranks swelled rapidly once they could train men to be deadly much more quickly than in the old days.
       
      “… the outcome will be a more totalitarian State I’m afraid.”
       
      That is one possible outcome, no doubt.  But we cannot know with certainty what the final outcome will be.  As with everyone else who came before us, all we can do is out best and then hope that will be sufficient for a reasonably good outcome.  I understand that hope is not a plan but it IS what comes AFTER we have done all that we can.
       
       
       

  8. Over at GATA, reference is made to an article by Professor Antal Fekete published in Jan 2008.  It contains an interesting story on Silver.  Professor Fekete makes the argument that it would be natural for China to return to a Silver standard of money, since they have so much Silver.  And similarly, Russia would want to return to a Gold standard, because of the relative abundance of Gold held by the government there.  Both countries are known to be relentlessly accumulating Gold.  As for Silver, it would not be surprising that China’s present holdings of physical Silver are the largest in the world.  Many countries use the word Silver to mean money, but it is only in Chinese that the word Silver is also used in their word for bank.

    • China does have a lot of silver, as well as a long history of silver being money.  So it would be quite natural for them to return to doing that at some point.
       
      It is interesting, though, to consider whether a single currency is sufficient in any one country.  It is one thing to circulate gold and silver within a country and quite another to trade it away to other countries.  I believe that it was this that forced the US Gov off the gold standard in ’71.  Foreigners, primarily the French, were demanding gold in exchange for dollars.  Initially, they were getting it and the implication was clear that if it continued there would soon be no more gold in the US.  That was when Nixon “closed the gold window” and refused to redeem US dollars in gold.  A gold standard can and has worked well… when everyone is on that standard. When some go off the standard, however, and trade settlement becomes a matter of us getting their paper while our trading partners get our gold, it is not a workable situation.
       
      We all talk about a fiat currency standard vs. a gold standard, a silver standard, or even a bi-metallic money standard but I wonder if there can’t be some other standard that would be acceptable to all but that would work better than a fiat standard.  A fiat standard is too easily abused, IMO, and then devolves into the mess we see today.  Is there some way of preventing this devolution?  I don’t know… maybe.  If the amount of fiat printed was somehow directly tied to national production or productivity, that would certainly help, but whether that would be sufficient or merely necessary is another question.  Perhaps the bottom line is that the system that works the best will be the one that is most difficult to abuse… because it WILL be abused, if it can be.

    • Understand that precious metals, gold and silver in particular have been a part of Chinese culture for centuries. Families exchange 24k gold jewelry as gifts. Its part of tradition. With the Chinese government and the citizens combined, their gold and silver holdings are astronomical.

  9. It’s refreshing and encouraging to hear sound and experienced commentary from the older generation. At 60 years, I feel like I’m just getting started in my understanding and listen carefully to every person who posts on SD. There is a lot of wisdom in the years you’ve had on this earth.
    You’re right Ugly Dog. The years and generations after the American revolution still saw some bad players come into power. The story about George Washington and the Whiskey rebellion is also very instructive.
    I’m working hard to get off hopium of any sort. It’s been just about a year since I weaned myself off the digital dope of paper trading the stuck market and rotated to phyzz . That cold turkey was nearly as unpleasant as quitting smoking. Phyzz is a great way to remove the temptation of trading too boot. It’s too heavy to lug around. Optimism is still my normal state even with the bad news that floats around.
    If you find a barn full of horse crap, start digging. There’s a pony buried somewhere under it all.
    One last thing. Over on the economiccollapse blog the latest was notes about the stock market investors, big money people, selling out of the market. There’s a saying from a Merrill Lynch trader that seems to ring true’ ‘The private investor buys small at the bottom and big at the top’
    This seems to be true in equities now.
    But in precious metals, the big and small investors both appear to be piling on but more big money is now moving into gold and silver. What does that make us stackers? Smart smalls? early adopters or something else? The big money is central banks, central governments and the Eric Sprott types. They are making their intentions clear and buying anything out there.
    The question then might be—when will the top end buyers come to the table and will there be anything left. I don’t think they’ve come to the table yet. And physical precious metals can’t be created with digital dollars, a key stroke or the wave of a broker’s wand. If that day of the small private investors is coming, we’ll be ready. That’s good enough for me at this time.

    • “Optimism is still my normal state even with the bad news that floats around.”
       
      Never let go of that, AG.  Optimism is what allows farmers to plant seeds that they cannot guarantee will bloom.  It is what we all have when we raise a family.  It is essential for any of us to get up in the morning and face a new day.  I strongly disagree that this is “hopium”.  Hopium to me is the irrational belief that all will be well without any effort on our part.  This is what appeals to the Takers but not to us Makers.  Press on!  :-)

  10. I’m not digging anything out of the ground myself. No sane person wants to do the mining. I say after the collapse we turn our already mined silver into jewelry and spend the rest of our lives playing drums and smoking weed.

  11. Yet another 1st class article, AG.  I can’t tell you how much I enjoy the posts here on SD and yours in particular.  I do have some comments on it though.  :-)
     
    “But until we go cold turkey on a century of debt and take the cure, these things will not happen.  The longer we wait, the worse the reset will be.
     
    I agree completely.  The drug reference inherent in the term “cold turkey” is highly appropriate, as our politicians and nearly half of our population are now addicted to unsustainable levels of government spending.  It is taking a far shorter time to squander the national treasury than it took to build it, but barbarians always do things more quickly than civilized men and women.
     
    “If one currency devalues itself into hyperinflation, all debts, foreign and domestic, would suffer either a complete default, with the principal and interest unpaid or the debts would be paid with hard assets such as gold or other commodities.”
     
    I’m not sure if I understand this.  Would it not be possible for those debts to be repaid with near-worthless but hugely abundant and inflated dollars?  That would seem a 3rd option.  I am thinking of a person who has a mortgage.  That is a debt contract that requires payment in full IN DOLLARS according to some schedule of payment, so whether or not the dollar is actually worth anything, paying the required number of dollars within the appropriate time frame WOULD satisfy the contract terms.  If, for example, a person owed $100,000 on their mortgage and say silver went to $1,000 an oz.  They could sell 100 oz. of silver from their hoard, get the cash, and pay off the mortgage.  The fact that the dollars were actually only worth about 3% of what they were at the start of the contract really doesn’t come into it… does it?  What am I missing here?
     
    “What was once a single country reset to normalcy, will be world wide.”
     
    Indeed so… and that will be completely uncharted territory.  We don’t even know whether or not a worldwide reset can be done or if it is will it achieve what is hoped by doing the “reset”.  It’s entirely possible that it won’t work on a worldwide scale and that attempting it, even with the best of intentions, will make the financial situation worse rather than better.
     
    “Inflation is insidious…”
     
    Yes, it is.  But worse yet, it is also relentless.
     
     
     

    • A country couldn’t “Print Money” like they did in the old days. Its linked to GDP. If a country did start printing money, then the exchange rate would change to reflect the true price of the currency. for example…1 Dollar = 1 Pounds before America starts printing after printing 1 Dollar = 50 pence.

      Yes your correct that the debt could be paid off in this manor, but the rest of the economy would suffer as people would exchange their dollars/dollar debts etc for commodities at the quickest pace possible. A bit like before the Nixon Shock when the world started dumping the dollar and calling in Gold. This time round though, without gold, America would have to pay its debts off another way, probably its resources would be asset stripped, maybe shares bought in American Companies bought up for next to nothing, before they have time to readjust their share prices. There have been suggestions that China has been doing this for some years and will dump all the Dollars they have accumulated back into the American market, in the process owning most of America.
       

      Another aspect of increasing the money supply would mean inflation on anything bought in dollars, the debt from mortgages, loans etc, would be then placed on everyday stuff. This would cause a debt spiral and would lead to hyperinflation.

      Back in the real world, the Fed has bought up most of the Mortgage backed securities and converted them into cash. If these debts were paid quickly, then I assume the Fed would just destroy the money, otherwise it would become real money which would be like printing money. How they know which debts are in which toxic asset to write off the money into oblivion I have no idea.
       
       

  12. EdB
    I think I was referencing Japan as one of the biggest debtors, 2.5 to 1 debt to GDP. Unlike Weimer Germany who tried the printing stunt to pay off the WWI reparations and along the way printed themselves into hyperinflation, Japan’s debt is largely internal. Their biggest pension plan sees something bad and is trying to reposition some of their $1.2 trillion (dollar value) into something else. What else was not mentioned. But Japan Inc is in trouble.
    Without the political will or phyzz their reset would be simply telling the old folks that their bonds are worth half, or less. Sorry about that. It’s no wonder the Japanese finance minister said that the senior’s obligations are to ‘die off quickly, not access expensive medical treatment and reduce their burden on the younger generation’ He apologized within a day or so but I didn’t hear if he did the honorable thing. He’s 72 so maybe he was just talking about himself.
    I count hyperinflation as anything over 25-50% per year. Iran and Argentina are into that range and life is getting pretty tough for all concerned in both countries. If one major GDP country like Japan, Spain, Italy, France, the US or China started down a hyperinflation spiral, there would be some serious repercussions to other countries. A trillion dollar GDP country going bust would be hard to contain. The bonds and derivatives failures would be catastropic. I can’t calculate what the ramafications would be but they would be nasty and probably not containable. Derivatives in Italy and bond busts like what’s brewing in Greece and Spain, currency wars and food price spikes are being written in stone..
    One the micro level, I absolutely plan to convert some silver or gold into cash and pay off my mortgage. The price point of either metal that gives me the heads up to go forward is just intellectual now,. $100 silver; $4,000 gold? Either way, it’s going to get paid off. Chase holds the mortgage after ING went bust. That’s way to close to home and with the Fed buying $45 billion in MBS tranches a month, it’s either the devil I know (chase) or the one I don’t (The Fed) I don’t want either to have hooks into me. My wife is totally on board and was the first to suggest it. This decision was made in spite of a low rate, current payments and low loan to value. With our income down (by intention) the mortgage deduction is not worth much.
    That’s the only large counterparty risk we have at the time and nothing would surprise me–even to the extent that either a high inflation or much higher rates would get these mortgage lenders to cut a deal with the government to allow an emergency reset of principal or rate to make the loan a better deal for the bank, and a worse deal for us. It might be a strange way of thinking; a bit tinfoil hat conspiracy but to the extent that Chase and the Fed are too close for comfort but I’m happy with the plans nonetheless.

  13. Off topic story but speaks to the dumbing down of America….Needed 1 cent stamps because of the recent rate increase.  In my business we send out a lot of postcards.  Went to post office to purchase said stamps.  They were out.  “Might have some in 2 weeks” I was told.  Postmaster said he planned on ordering 1 cent stamps this coming Saturday.  I asked why wait until Sat.  “Taking inventory on Friday.”  He explained he “blew through” 4000 stamps already.  He was shocked.  I said, “Help me understand. To prepare for the 1 cent increase on post cards you ordered $40 worth of stamps.  Forty stinkin’ dollars worth. That’s all.” 
     
    Remaining calm I said, “OK then I’ll take some of the new post card stamps.”   “Sorry, those aren’t in yet.  Maybe in 8-10 days.” 

  14. As someone who has always been a cash and carry type except for 2 credit cards with under $300 each on them I can see the addicts wanting more and more. I use my cards to buy the dips then pay them off. Figure if th system collapses I get free silver.
     
    I have friends who are $300k or more in debt while they make $12 an hour. They will never pay it off in their lifetime, if they are lucky they have life insurance to take care of it. Miss to many payments and they are now starting to take people to court, don’t get the notice they are arresting people and tossing them in jail with the bond being whatever they owe.

  15. Great article.
    “Weimar Germany tried the former by printing its way out of war reparations.”
    Yes they were forced to by the French and the UK. The French wanted revenge on the whole invading their country thing. Even when the world was on its knees, begging France to take a haircut on the reparations, the French said no. Then again the Americans were not prepared to take a haircut for the money that was owing to them by the UK. The UK was prepared to take a haircut on the debts that France owed, as long as the French were prepared to let some of their gold reserves flow back to the UK. France said no. This caused a massive shunt in the Macro economics system, as gold didn’t flow as freely as it did pre world 1 (before the Great Depression I might add).
     
     

    • Agiik,
      Fantistic article and comments from everyone!
      In your article; i wish to comment regarding one statement:
      The financial system we had worked well in the US for nearly 150 until the Federal Reserve was founded (with mal intent and a plan to destroy America). Subsequently gold and silver were either stolen from the citizenry or repudiated by the government—see Johnson taking silver from our coins and Nixon taking us off the gold standard. The stage was then set.”
      This is historically inaccurate.
      The second charter of a National Bank(1812-1837) and their attempts to inflate via fiat while draining the national treasury of gold and silver are well documented in Andrew Jackson’s fairwell address!
      Please read the portion of Jackson’s 1837 Address regarding his War to restore consitutional money into circulation and drive out “Bibdle’s Bank” and the “den of vipers”:
      http://dollarcollapse.com/articles/irony-andrew-jacksons-image-on-a-federal-reserve-note/
      It is truly amazing how little most of us know of our own monetary history; that the current Fed Reserve is this nation’s THIRD episode in fiat currency; and one nearly ‘perfected’in its schemes, just as Jackson had warned.
      Mike Hewitt still has an excellent article posted on his dollardaze blog called “America’s forgotten war against the Central Bank”:
      http://www.dollardaze.org/blog/?post_id=00255
      Again, it is proven true how the victors write the history books. I was 40yrs old, five years ago; bewildered at the events unfolding arounf TARP, etc. Reading the above two articles; Jackson’s speech and the MONETARY history surrounding our war with the banks, and it crystalized the WHY behind present day events.
      One last reference in this post:
      Charles Mackay; in his 1845 book; “Extraordinary popular delusions and the madness of Crowds”; retells of the then still fresh crowd/mob mentality around the times of Holland’s Tulip Bubble, France’s Mississippi Rush and South Seas Bubbles; the misery of the times leading into the French Revolution and John Law…
      The struggle we face is as old as the hills! Human nature never changes and we face one final truth per Charles MacKay: “Men go mad in herds and only come to their senses one at a time”. Proof is the tiny community we share here: folks coming to their senses one at a time in an age when you cannot TELL someone the truth and it be recognized as fact… I today’s world One can only DISCOVER the truth and come to the realization, the core of what they understood was a LIE; the wool woven and pulled over the whole worlds’ eyes. The madness of the herd described so well by Charles MacKay!

  16. http://www.sgtreport.com-Malware  Anyone Query Seans site SGTreport.com..Some weird malware prompt came up.

  17. silverseek123 Thank you for putting up those links. I’ll print them and do some studying. Can you imagine if Andrew Jackson was alive to day and found his picture on the $20 bill? He’d go though DC like crap through a goose. What I’ve read of him he must have been about the toughest hombre alive. It’s seems that in the assasination attempts the bullets almosts bounced off him. The banksters tried to take him out but he had the last say in that. We should be so lucky to have a man of his steel amongst us today.
    SGT was hit yesterday by unknown attackers. The posts were coming up but it is very clear that Sean’s site is considered dangerous by TPTB. Those gremlins are looking to take down anyone who provides the truth. SGT, Brother John, Zero Hedge, and silver Doctors are stalwarts in the fight to get information to the seekers. There may be another Old Hickory amongst them

  18. Hello,
    I had to sign up to ask questions to people whom understands this mess. This forum has helped to enlighten me to so much. Thanks to everyone I’m finally getting it. Comments and suggestions keep me focused on what truly matters.

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