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| | Page 1, 2, 3 | WTF !! WTF !!! THE 600 TRILLION DERIVATIVES MAYDAY MEETING !!
| Anonymous Coward
User ID: 294651
10/15/2008 1:21 PM | | Re: WTF !! WTF !!! THE 600 TRILLION DERIVATIVES MAYDAY MEETING !! | Quote |
 |
| locomotion
User ID: 484652
10/15/2008 1:27 PM | | Re: WTF !! WTF !!! THE 600 TRILLION DERIVATIVES MAYDAY MEETING !! | Quote |
As 97 % of all this derivative debt, and bank debt is ON computers and only 3% in cash, has anyone ever considered that The EMP ( ElectroMagnetic Pulse ) from atomic explosions WILL WIPE OUT all those records, leaving only the money IN your possesion AND gold/silver as the LAST methods of monetary trade for buying/selling ?
Now wouldn't it be a 'convenient' way to wipe out the debt problems and start over again ?
IF 9-11 WAS an inside job, then ..........
Eagle Quoting: Eagle # 1 354785
Now that's a new perspective there Eagle #1, in light of the 'puts' on the airlines that were almost conveniently destroyed on the hard drives during the WTC attacks.
One would think those in the know would have that digital info backed up to kingdom come, or at least protected by Faraday cage or shielding at this point.
It sure could come down that way tho...food for thought. |
| eattherich
User ID: 527115
10/15/2008 2:26 PM | | Re: WTF !! WTF !!! THE 600 TRILLION DERIVATIVES MAYDAY MEETING !! | Quote |
if one or two countries fall out, ok, shit happens...but the whole world? nah, this shit didn't just happen, it was rigged...
what we need is a global solution that will guarantee this will never happen again...something like a central world bank...and just to make sure each region, er, country (ahem) doesn't suffer any more than they have to, we should form some sort of oversight committee - one that can ensure order in this new world of peace and commerce Quoting: Anonymous Coward 482097
nice ;) - new world of shackles and whips |
| Anonymous Coward
User ID: 527117
10/15/2008 3:19 PM | | Re: WTF !! WTF !!! THE 600 TRILLION DERIVATIVES MAYDAY MEETING !! | Quote |
nice ;) - new world of shackles and whips Quoting: eattherich 527115
Every newborn American will be presented with a Social Security Credit Card carrying a balance of $300,000.00. By the time they are old enough to work at age 15, the accumulated interest will have pushed the balance to $2 million. When they die, they can pass the balance on to their children. |
| Helskel
User ID: 56324
10/15/2008 3:48 PM | | Re: WTF !! WTF !!! THE 600 TRILLION DERIVATIVES MAYDAY MEETING !! | Quote |
the markets want to keep things "like they are"- a debt cycle that grows and grows. We see the big fear in the sell offs. Until government and business run without any debt PERIOD and people stop being indebted PERIOD ...we will have cascading crash epoichs...llike the one we see. We have to completely change the money system and the way we use money. We mus go to a currecy backed with gold, and we must totally liquidate all debt. The first legislater that restarts debt must face some sort of "firing"-even a firing squad if that becomes neccessary-
NO MORE DEBT SPENDING,LIQUIDATE ALL PUBLIC AND PRIVATE DEBT NOW> GET RID OF THE FEDERAL RESERVE
Why gold? So limiting and finite.
Isn't CREATIVITY more valuable than gold?
We need a currency backed by imagination. One can dream...
Dude, our currency is already imaginary. Quoting: Anonymous Coward 527037
omg, that's one of the funniest retorts I've ever read on this site.
Huzzah!
Ya, our currency being faith-based is the problem!
hahhaha, damn |
| Anonymous Coward
User ID: 478239
10/15/2008 5:14 PM | | Re: WTF !! WTF !!! THE 600 TRILLION DERIVATIVES MAYDAY MEETING !! | Quote |
Hang'em all.. hang'em high.!!  |
| Witness_ 
User ID: 391945
10/15/2008 5:55 PM
 | | Re: WTF !! WTF !!! THE 600 TRILLION DERIVATIVES MAYDAY MEETING !! | Quote |
Hang'em all.. hang'em high.!!
Can't do that. We need "them" because they are the only ones who can actually navigate us through this mess now. |
| Anonymous Coward
User ID: 527253
10/15/2008 6:01 PM | | Re: WTF !! WTF !!! THE 600 TRILLION DERIVATIVES MAYDAY MEETING !! | Quote |
As 97 % of all this derivative debt, and bank debt is ON computers and only 3% in cash, has anyone ever considered that The EMP ( ElectroMagnetic Pulse ) from atomic explosions WILL WIPE OUT all those records, leaving only the money IN your possesion AND gold/silver as the LAST methods of monetary trade for buying/selling ?
Now wouldn't it be a 'convenient' way to wipe out the debt problems and start over again ?
IF 9-11 WAS an inside job, then ..........
Eagle
Now that's a new perspective there Eagle #1, in light of the 'puts' on the airlines that were almost conveniently destroyed on the hard drives during the WTC attacks.
One would think those in the know would have that digital info backed up to kingdom come, or at least protected by Faraday cage or shielding at this point.
It sure could come down that way tho...food for thought. Quoting: locomotion 484652
There was a thread with someone posting who said he knew that there was backup to backup, hard copies and copies of hard copies to EVERYTHING. He ended his little rant by suggesting that if certain places were bombed, the information would be 97% recoverable; that if there was an electromagnetic calamity, the info would be 99% recoverable. |
| Anonymous Coward
User ID: 527253
10/15/2008 6:06 PM | | Re: WTF !! WTF !!! THE 600 TRILLION DERIVATIVES MAYDAY MEETING !! | Quote |
Hang'em all.. hang'em high.!!
Can't do that. We need "them" because they are the only ones who can actually navigate us through this mess now.
No - we don't NEED them! It should be full speed ahead, dam the torpedoes and when we go down, only the strong will survive holding on to pieces of wrecked salvage.
It'll be hell holding on till the salvage drifts to shore and the survivors rebuilding on dry land.
It's time to start over! |
| Anonymous Coward
User ID: 520854
10/15/2008 6:28 PM | | Re: WTF !! WTF !!! THE 600 TRILLION DERIVATIVES MAYDAY MEETING !! | Quote |
The swaps market will unravel over the next year taking down the entire global financial system with it.
Buy dried food, water, guns and ammo. |
| Anonymous Coward
User ID: 225509
10/15/2008 6:47 PM | | Re: WTF !! WTF !!! THE 600 TRILLION DERIVATIVES MAYDAY MEETING !! | Quote |
Hang'em all.. hang'em high.!!
Can't do that. We need "them" because they are the only ones who can actually navigate us through this mess now.
Wrong. "They" are worthless tapeworm parasites.
What we need are real leaders.
Kommt zu mich, meine fuhrer!!! Wo bist du??? Kommt!!!! JETZ!!!! |
| Anonymous Coward
User ID: 527341
10/15/2008 7:11 PM | | Re: WTF !! WTF !!! THE 600 TRILLION DERIVATIVES MAYDAY MEETING !! | Quote |
WTF !! WTF !!! hey OP  , wtf. wtf. wtf, damn fucking idiot |
| Innocentwolf15
User ID: 526375
10/15/2008 7:29 PM | | Re: WTF !! WTF !!! THE 600 TRILLION DERIVATIVES MAYDAY MEETING !! | Quote |
There it is!!!!!!!...all in a nutshell ty!!!!!!!At the end of the video, a court case was mentioned (I have copies off the net from a few years back), which IS the KEY to putting an end to this monetary madness...
Lawful Consideration----
SINCE the FED and all banks Operating this financial con upon the Public, DO NOT HAVE Lawful Consideration---- the money was created out of thin air---- ALL results of this Fractional Reserve System is a Fraud... there is no LAWFUL enforcement of fraud--- or the Defendant in the mentioned Case would have Lost his House.
OUR HOUSE is the nation we live in.... right now we are witnessing the results of 94+ years of a scam, a racket, a skim all rolled into one nasty little package, adorned with legal mumbo-jumbo and served on a big platter of political cow-pie with graft-stuffed olives. Clearly, if the PEOPLE want this criminal madness to end in their favor a Remedy has to be Presented, which can protect the Public, while at the same time removes the Debt-Is-Money-Syndicate, like a damn blood-sucking tick from our back-sides. The legal remedy is found in Lawful Consideration.
A one page legal notice Citing the case in the video might be the way to start the ball rolling. All credit, loans etc. originating by Promissory Note fall into this category as does the switch-out used by the FEDS and the U.S. Treasury, to create money from Nothing and Charge Interest in Return. Your 1040 Return specifically.
The Fed is operating a counterfeit "money" system, in cahoots with the Treasury, in cahoots with Congress, at the behest of the Private Owners of the Banks themselves. But of course, there is NO conflict of Interests? WHY none of the above have any mutual monopolies in vested ACTS, right? Legalized theft... endorsed by the criminals in charge of the racket. And to ensure Interest is Paid by the Public as a taxpayer, the final loop of the scam is tied directly into INCOME as a measure of earnings, thus taxed.
Do not stop paying your debts... Challenge the debt as an UNLAWFUL Consideration.... which VOIDS the Contract and REMOVES the Debt BECAUSE NO MONEY WAS EVER LOANED. Nothing was LENT nothing is returned. All Credits and Debts can be summed back to ZERO. Which is where they BOTH began at the same time. Quoting: Ghost Avatar 520310 |
| Anonymous Coward
User ID: 378573
10/15/2008 8:15 PM | | Re: WTF !! WTF !!! THE 600 TRILLION DERIVATIVES MAYDAY MEETING !! | Quote |
Hang'em all.. hang'em high.!!
Can't do that. We need "them" because they are the only ones who can actually navigate us through this mess now.
BS - they don't have any intention of navigating us through this mess.
We're screwed - with them or without them. |
| Anonymous Coward
User ID: 527399
10/15/2008 8:16 PM | | Re: WTF !! WTF !!! THE 600 TRILLION DERIVATIVES MAYDAY MEETING !! | Quote |
This was well planned before your birth, so get ready, cus here it comes!!
Just make sure you heart is pure....no time for the indecisive.
It will hit us from every direction. |
| Anonymous Coward
User ID: 527399
10/15/2008 8:16 PM | | Re: WTF !! WTF !!! THE 600 TRILLION DERIVATIVES MAYDAY MEETING !! | Quote |
This was well planned before your birth, so get ready, cus here it comes!!
Just make sure you heart is pure....no time for the indecisive.
It will hit us from every direction. |
| Anonymous Coward
User ID: 527253
10/15/2008 8:16 PM | | Re: WTF !! WTF !!! THE 600 TRILLION DERIVATIVES MAYDAY MEETING !! | Quote |
And no one goes to prison. No one gets investigated. No the criminals get rewarded the law abiding citizen gets punished. Whats wrong with this picture?
. Quoting: Rota 520885
Yes, this will happen. We are already dealing with this where I am, lack of investigation of crimes because there is no funding, lack of jail space, because there are no funds.
We are likely to see the rise of vigilantism. Then, that is where martial law comes in.
There will be no MAD MAX, which requires fuel.
You will be looking at an increase in home invasions, muggings, car break-ins, burglaries and petty theft. |
| Anonymous Coward
User ID: 527423
10/15/2008 8:39 PM | | Re: WTF !! WTF !!! THE 600 TRILLION DERIVATIVES MAYDAY MEETING !! | Quote |
WTF !! WTF !!! hey OP , wtf. wtf. wtf, damn fucking idiot
[/quot
You are a dumbass !! |
| TEXAS UNCENSORED
User ID: 527371
10/15/2008 8:58 PM | | Re: WTF !! WTF !!! THE 600 TRILLION DERIVATIVES MAYDAY MEETING !! | Quote |
Like 9/11 was a cover, I would almost expect something else to happen to cover their tracks this time.
[link to groups.google.com]
From: Richard Eastman [mailto:olfriendeast...@gmail.com]
Sent: Wednesday, June 25, 2008 11:55 PM
Subject: Andy McCracken: NIST Leaked Document re Building 7 occupants and content
from Cal
NIST Leaked Document
from Andy McCracken < >
June 25, 2008
The fires were on floors 7 and 12 (see page 42) - floors 11 & 12 were the SEC (or CIA) -
so that was a lucky guess. Burning Enron documents - how unfortunate.
[link to www.cbsnews.com]
AP) A secret office operated by the CIA was destroyed in the terrorist attacks on the
World Trade Center, seriously disrupting intelligence operations.
The undercover station was in 7 World Trade Center, a smaller office tower that fell
several hours after the collapse of the twin towers on Sept. 11, a U.S. government
official said.
The official, speaking on condition of anonymity, said that immediately after the
attack, a special CIA team scoured the rubble in search of secret documents and
intelligence reports stored in the station, either on paper or in computers. It was not
known whether the efforts were successful.
A CIA spokesman declined to comment on the existence of the office, which was first
reported in Sunday's editions of The New York Times.
The New York station was behind the false front of another federal organization, which
the Times did not identify. The station was a base of operations to spy on and recruit
foreign diplomats stationed at the United Nations, while debriefing selected American
business executives and others willing to talk to the CIA after returning from overseas.
The agency's officers in New York often work undercover, posing as diplomats and
business executives, among other things. They have been deeply involved in
counter-terrorism efforts in the New York area, working jointly with the Federal Bureau
of Investigation and other agencies.
The CIA's main New York office was unaffected by the attacks, but agents have been
sharing space at the U.S. Mission to the United Nations, and have borrowed other federal
government offices in the city.
The agency is prohibited from conducting domestic espionage operations against
Americans, but it maintains stations in a number of major United States cities, where
CIA case officers try to meet and recruit students and other foreigners to return to
their countries and spy for the United States.
The New York station was believed to have been the largest and most important CIA
domestic station outside the Washington area. .
-----
[link to en.wikipedia.org]
List of tenants in Seven World Trade Center
Seven World Trade Center, building 7 of the World Trade Center in New York City, was
completed in 1987 at a height of 174 m (570 feet). It collapsed at 5.20 on the afternoon
of the September 11, 2001 attacks in 6.5 seconds.[1]
According to the New York Times and CBS News, one of the federal agencies listed below
was incorrect, as it was actually used as a front for CIA operations. (CBS News)
Fl#
Companies
47
-
Floors 28 - 46 Salomon Smith Barney
27 Salomon Smith Barney, Standard Chartered Bank
26 Salomon Smith Barney, Standard Chartered Bank
25 Salomon Smith Barney, Internal Revenue Service Regional Council
24 Salomon Smith Barney, Internal Revenue Service Regional Council
23 Salomon Smith Barney, New York City Office of Emergency Management
22 Salomon Smith Barney, Federal Home Loan Bank
21 Salomon Smith Barney, First State Management Group, Inc, ITT Hartford Insurance Group
20 Salomon Smith Barney, ITT Hartford Insurance Group
19 Salomon Smith Barney, ITT Hartford Insurance Group, NAIC Securities
18 Salomon Smith Barney, Equal Employment Opportunity Commission
17
-
16
-
15
-
14
-
13 Salomon Smith Barney, Provident Financial Management, American Express Bank
International, Securities & Exchange Commission, Standard Chartered Bank
12 Securities & Exchange Commission
11 Securities & Exchange Commission
10 U.S. Secret Service, Standard Chartered Bank
9 U.S. Secret Service
8 American Express Bank International
7 American Express Bank International, Provident Financial Management
6 Salomon Smith Barney
5 Salomon Smith Barney
4 Salomon Smith Barney
3 Salomon Smith Barney
2 Salomon Smith Barney
1 Salomon Smith Barney
G Salomon Smith Barney
[WTC 7] contained offices of the FBI, Department of Defense, IRS (which contained prodigious amounts of corporate tax fraud, including Enron’s), US Secret Service, Securities & Exchange Commission (with more stock fraud records), and Citibank’s Salomon Smith Barney, the Mayor’s Office of Emergency Management and many other financial institutions. [Online Journal]
The SEC has not quantified the number of active cases in which substantial files were destroyed [by the collapse of WTC 7]. Reuters news service and the Los Angeles Times published reports estimating them at 3,000 to 4,000. They include the agency's major inquiry into the manner in which investment banks divvied up hot shares of initial public offerings during the high-tech boom. ..."Ongoing investigations at the New York SEC will be dramatically affected because so much of their work is paper-intensive," said Max Berger of New York's Bernstein Litowitz Berger & Grossmann. "This is a disaster for these cases." [New York Lawyer]
Click for full sized image
Citigroup says some information that the committee is seeking [about WorldCom] was destroyed in the Sept. 11 terror attack on the World Trade Center. Salomon had offices in 7 World Trade Center, one of the buildings that collapsed in the aftermath of the attack. The bank says that back-up tapes of corporate emails from September 1998 through December 2000 were stored at the building and destroyed in the attack. [TheStreet]
Inside [WTC 7 was] the US Secret Service's largest field office with more than 200 employees. ..."All the evidence that we stored at 7 World Trade, in all our cases, went down with the building," according to US Secret Service Special Agent David Curran. [TechTV] |
| urantian
User ID: 527489
10/15/2008 9:45 PM | | Re: WTF !! WTF !!! THE 600 TRILLION DERIVATIVES MAYDAY MEETING !! | Quote |
Your Bond--Exemption--Strawman
Allan Cantwell
Casper's most recent update ( April 6, 2008 www.fourwinds10.com/siterun_data/nesara/news/news.php )is a fairly accurate account of what has happened since 1933 bankruptcy. However, he has, like most historians, missed perhaps the most crucial piece of the puzzle, namely the Exemption.
By analogy, consider that when you go to prison, everything of value is taken from you - your time, your attention, your freedom, your ability to function as a contributing member of society, the option to apply your intellectual or manual skills. Even your property is of no use to you if you cannot benefit from ownership.
When government does this, it must assume total responsibility for you and pay your way. So, your food, clothing, housing/shelter, medical care, etc are provided because that is the State's legal responsibility.
Likewise, when the UNITED STATES declared bankruptcy in 1933, pledged all Americans as collateral against the national debt, and confiscated all gold, eliminating the means by which you could pay, it also assumed legal responsibility for providing a new way for you to pay, and it did that by providing what is known as the Exemption, an exemption from having to pay for anything. In practical terms, though, this meant giving each American something to pay with, and that "something" is your credit.
Your value to society was then and still is calculated using actuarial tables and at birth, bonds equal to this "average value" are created.
I understand that this is currently between one and two million dollars. These bonds are collateralized by your birth certificate, which becomes a negotiable instrument.
The bonds are hypothecated, traded until their value is unlimited for all intents and purposes, and all that credit created is technically and rightfully yours.
In point of fact, you should be able to go into any store in America and buy anything and everything in sight, telling the clerk to charge it to your Exemption account, which is identified by a nine-digit number that you will recognize as your Social Security number without the dashes. It is your EIN, which stands for Exemption Identification Number.
However, the clever rascals have done everything in their power to block your access to your own credit by creating the corporate fiction which is a trust identified by your name in all capital letters. It is commonly referred to as your strawman.
It is a Debtor, like all corporate entities under the bankruptcy because it is a subset of the bankrupt debtor government. It is not you, but you unknowingly serve as the Trustee for this fiction, manage it for a lifetime, and are legally liable for any and all debts it incurs unless by adminstrative means you lay claim to any and all value it might contain by creating a security agreement between you and it.
Once you have done this no other fiction can have any dealings with your fiction without your express permission as a Creditor to and creator of its value. It cannot even be sued without your permission.
In fact, no court, government agency, law enforcement agency, attorney, or other corporate entity can transact business of any kind with the strawman without your permission.
It is the one thing that every judge has drilled into his head, that the court must have your consent before it can prosecute your strawman, rule, put you in jail (you, the unwitting surety for the strawman which as a fiction cannot be put in jail), because it is not you that they are prosecuting, it is the strawman, and because it is your property, they need your consent for their fiction court or attorney to transact business (under admiralty/commercial UCC law) with your strawman.
The person in the black robe sitting in front of a court is a man on the land operating a corporate fiction called a court, which can only do business with another fiction, your strawman.
If you have ever looked at a Summons and Complaint, which typically starts a legal proceeding/suit, you will see the identities of the parties involved as Plaintiff and Defendant, are always spelled in ALL CAPITAL LETTERS, because they are fictions.
Cleverer still, the UNITED STATES contracted with the Federal Reserve to use its private, copyrited scrip, the Federal Reserve note, for all debts both private and public, and that private scrip can only be brought into the PUBLIC, the corporate domain that is the system we currently live in, through a chartered banking institution or a pass-through account, and that pass-through account is your limited liability social security account.
Anyone bringing money into the PUBLIC in any other way can be charged with money laundering.
With that groundwork laid, we come to the greatest scam of all, the use of your credit without your permission or knowledge.
In a debt-based system such as the one we use under the national bankruptcy of 1933, all value is created through lending, and what you lend is credit because there is no longer any money.
The government took it all away.
[link to abundanthope.net] |
| urantian
User ID: 527489
10/15/2008 9:46 PM | | Re: WTF !! WTF !!! THE 600 TRILLION DERIVATIVES MAYDAY MEETING !! | Quote |
Your Bond--Exemption--Strawman
Allan Cantwell
Casper's most recent update ( April 6, 2008 www.fourwinds10.com/siterun_data/nesara/news/news.php )is a fairly accurate account of what has happened since 1933 bankruptcy. However, he has, like most historians, missed perhaps the most crucial piece of the puzzle, namely the Exemption.
By analogy, consider that when you go to prison, everything of value is taken from you - your time, your attention, your freedom, your ability to function as a contributing member of society, the option to apply your intellectual or manual skills. Even your property is of no use to you if you cannot benefit from ownership.
When government does this, it must assume total responsibility for you and pay your way. So, your food, clothing, housing/shelter, medical care, etc are provided because that is the State's legal responsibility.
Likewise, when the UNITED STATES declared bankruptcy in 1933, pledged all Americans as collateral against the national debt, and confiscated all gold, eliminating the means by which you could pay, it also assumed legal responsibility for providing a new way for you to pay, and it did that by providing what is known as the Exemption, an exemption from having to pay for anything. In practical terms, though, this meant giving each American something to pay with, and that "something" is your credit.
Your value to society was then and still is calculated using actuarial tables and at birth, bonds equal to this "average value" are created.
I understand that this is currently between one and two million dollars. These bonds are collateralized by your birth certificate, which becomes a negotiable instrument.
The bonds are hypothecated, traded until their value is unlimited for all intents and purposes, and all that credit created is technically and rightfully yours.
In point of fact, you should be able to go into any store in America and buy anything and everything in sight, telling the clerk to charge it to your Exemption account, which is identified by a nine-digit number that you will recognize as your Social Security number without the dashes. It is your EIN, which stands for Exemption Identification Number.
However, the clever rascals have done everything in their power to block your access to your own credit by creating the corporate fiction which is a trust identified by your name in all capital letters. It is commonly referred to as your strawman.
It is a Debtor, like all corporate entities under the bankruptcy because it is a subset of the bankrupt debtor government. It is not you, but you unknowingly serve as the Trustee for this fiction, manage it for a lifetime, and are legally liable for any and all debts it incurs unless by adminstrative means you lay claim to any and all value it might contain by creating a security agreement between you and it.
Once you have done this no other fiction can have any dealings with your fiction without your express permission as a Creditor to and creator of its value. It cannot even be sued without your permission.
In fact, no court, government agency, law enforcement agency, attorney, or other corporate entity can transact business of any kind with the strawman without your permission.
It is the one thing that every judge has drilled into his head, that the court must have your consent before it can prosecute your strawman, rule, put you in jail (you, the unwitting surety for the strawman which as a fiction cannot be put in jail), because it is not you that they are prosecuting, it is the strawman, and because it is your property, they need your consent for their fiction court or attorney to transact business (under admiralty/commercial UCC law) with your strawman.
The person in the black robe sitting in front of a court is a man on the land operating a corporate fiction called a court, which can only do business with another fiction, your strawman.
If you have ever looked at a Summons and Complaint, which typically starts a legal proceeding/suit, you will see the identities of the parties involved as Plaintiff and Defendant, are always spelled in ALL CAPITAL LETTERS, because they are fictions.
Cleverer still, the UNITED STATES contracted with the Federal Reserve to use its private, copyrited scrip, the Federal Reserve note, for all debts both private and public, and that private scrip can only be brought into the PUBLIC, the corporate domain that is the system we currently live in, through a chartered banking institution or a pass-through account, and that pass-through account is your limited liability social security account.
Anyone bringing money into the PUBLIC in any other way can be charged with money laundering.
With that groundwork laid, we come to the greatest scam of all, the use of your credit without your permission or knowledge.
In a debt-based system such as the one we use under the national bankruptcy of 1933, all value is created through lending, and what you lend is credit because there is no longer any money.
The government took it all away.
[link to abundanthope.net] |
| urantian
User ID: 527489
10/15/2008 9:52 PM | | Re: WTF !! WTF !!! THE 600 TRILLION DERIVATIVES MAYDAY MEETING !! | Quote |
Your Bond--Exemption--Strawman
Allan Cantwell
Casper's most recent update ( April 6, 2008 www.fourwinds10.com/siterun_data/nesara/news/news.php )is a fairly accurate account of what has happened since 1933 bankruptcy. However, he has, like most historians, missed perhaps the most crucial piece of the puzzle, namely the Exemption.
By analogy, consider that when you go to prison, everything of value is taken from you - your time, your attention, your freedom, your ability to function as a contributing member of society, the option to apply your intellectual or manual skills. Even your property is of no use to you if you cannot benefit from ownership.
When government does this, it must assume total responsibility for you and pay your way. So, your food, clothing, housing/shelter, medical care, etc are provided because that is the State's legal responsibility.
Likewise, when the UNITED STATES declared bankruptcy in 1933, pledged all Americans as collateral against the national debt, and confiscated all gold, eliminating the means by which you could pay, it also assumed legal responsibility for providing a new way for you to pay, and it did that by providing what is known as the Exemption, an exemption from having to pay for anything. In practical terms, though, this meant giving each American something to pay with, and that "something" is your credit.
Your value to society was then and still is calculated using actuarial tables and at birth, bonds equal to this "average value" are created.
I understand that this is currently between one and two million dollars. These bonds are collateralized by your birth certificate, which becomes a negotiable instrument.
The bonds are hypothecated, traded until their value is unlimited for all intents and purposes, and all that credit created is technically and rightfully yours.
In point of fact, you should be able to go into any store in America and buy anything and everything in sight, telling the clerk to charge it to your Exemption account, which is identified by a nine-digit number that you will recognize as your Social Security number without the dashes. It is your EIN, which stands for Exemption Identification Number.
However, the clever rascals have done everything in their power to block your access to your own credit by creating the corporate fiction which is a trust identified by your name in all capital letters. It is commonly referred to as your strawman.
It is a Debtor, like all corporate entities under the bankruptcy because it is a subset of the bankrupt debtor government. It is not you, but you unknowingly serve as the Trustee for this fiction, manage it for a lifetime, and are legally liable for any and all debts it incurs unless by adminstrative means you lay claim to any and all value it might contain by creating a security agreement between you and it.
Once you have done this no other fiction can have any dealings with your fiction without your express permission as a Creditor to and creator of its value. It cannot even be sued without your permission.
In fact, no court, government agency, law enforcement agency, attorney, or other corporate entity can transact business of any kind with the strawman without your permission.
It is the one thing that every judge has drilled into his head, that the court must have your consent before it can prosecute your strawman, rule, put you in jail (you, the unwitting surety for the strawman which as a fiction cannot be put in jail), because it is not you that they are prosecuting, it is the strawman, and because it is your property, they need your consent for their fiction court or attorney to transact business (under admiralty/commercial UCC law) with your strawman.
The person in the black robe sitting in front of a court is a man on the land operating a corporate fiction called a court, which can only do business with another fiction, your strawman.
If you have ever looked at a Summons and Complaint, which typically starts a legal proceeding/suit, you will see the identities of the parties involved as Plaintiff and Defendant, are always spelled in ALL CAPITAL LETTERS, because they are fictions.
Cleverer still, the UNITED STATES contracted with the Federal Reserve to use its private, copyrited scrip, the Federal Reserve note, for all debts both private and public, and that private scrip can only be brought into the PUBLIC, the corporate domain that is the system we currently live in, through a chartered banking institution or a pass-through account, and that pass-through account is your limited liability social security account.
Anyone bringing money into the PUBLIC in any other way can be charged with money laundering.
With that groundwork laid, we come to the greatest scam of all, the use of your credit without your permission or knowledge.
In a debt-based system such as the one we use under the national bankruptcy of 1933, all value is created through lending, and what you lend is credit because there is no longer any money.
The government took it all away.
[link to abundanthope.net] |
| Anonymous Coward
User ID: 527460
10/15/2008 10:15 PM | | Re: WTF !! WTF !!! THE 600 TRILLION DERIVATIVES MAYDAY MEETING !! | Quote |
TROUBLED ASS RELIEF PROGRAM (TARP)
Antal E. Fekete
Gold Standard University Live
As the precipitous drop of the Dow Jones index of industrial stocks to the 8600
level on Thursday shows, the $700 billion bailout is an exercise in futility. The
rescue effort administers one wrong medicine after another. Shunting rotten
assets to the balance sheet of the central bank is not the way to go. Consolidating
banks through forced mergers is not the way to go. Cutting interest rates is not
the way to go. These measures make the problem worse, not better.
All the remedies to check the burgeoning credit crisis that have been
proposed or put into effect are based on misdiagnosis. This is not a sub-prime
crisis or a real estate crisis. It was not caused by loose lending standards, or by
the banks recklessly and aggressively increasing their assets.
This crisis was caused by shriveling capital ratios due to the destruction of
bank capital through 28 years of falling interest rates. As I have been saying
again and again, falling interest rates destroy capital by increasing the
liquidation value of debt ― an insidious process that has been missed by all
other observers. Ignoring capital dissipation is possible only so long as capital
lasts. As soon as capital is exhausted, dissipation stops. There is nothing left to
dissipate. The problem at once becomes painfully noticeable.
The term ‘liquidation value of debt’ is self-explanatory, meaning the lump
sum that will liquidate it before maturity, should it be necessary in case of a
takeover, merger, shot-gun marriage, bankruptcy, or outright nationalization of
the banking system. The point is that when the rate of interest falls, the
liquidation value of debt rises. Why? Because the stream of interest payments is
now discounted at a lower rate of interest. Therefore at maturity it will fall short
of liquidating the debt.
Here is a familiar example. When the rate of interest falls, the market
immediately bids up the price of bonds. This is the same to say that the
liquidation value of the debt underlying the bond is raised. Debtors wanting to
liquidate their bonded debt before maturity are not let off the hook on the same
2
terms. The market demands more than the pound of flesh originally agreed upon
for releasing the debtor from his bond. This example clearly shows that a fall in
the rate of interest, far from alleviating the burden of debt, aggravates it.
Bank capital is debt, and it has been eaten away by persistently falling
interest rates. Impairment of capital has been ignored and, after 28 years of
negligence, the global banking system now stands denuded of capital. Those
shareholders who can read balance sheets see through the fancy values banks are
putting on their assets, and they dump the stock before bank capital goes all the
way to zero.
The only way this crisis can be resolved is through recapitalizing the
banks with gold. Contrary to Keynesian propaganda, gold is not a barbarous
relic. It is not for decoration purposes. Nor does gold serve for the purpose of
window-dressing in the balance sheet. Gold is unique among financial assets in
that it has no counterpart as a liability in the balance sheet of others. It follows
that gold, and gold alone, will survive any consolidation of bank balance sheets.
Gold will not be netted out like paper assets are in case of mergers, acquisitions,
and takeovers, or the nationalization of the banking system.
The fatal weakness of the present rescue effort is precisely this:
consolidation of banks, just as consolidation of the derivatives monster, far from
stopping the rot, will accelerate it. For example, if you consolidate the
derivatives monster, claims and counter-claims through credit-default swaps will
cancel out, and all risks will be exposed as being uncovered. Recapitalization
with more fiat money will not work. It takes something more solid than
irredeemable promises to pay. It takes gold.
Unfortunately our political leaders and policy-makers are lacking the
moral fortitude to admit that they have been wrong all along about gold and its
role in the financial system. Nor do they have the wisdom to realize that in
cleaning up the train wreckage they have to go back all the way to the point
where the train was derailed: to the insane decision to discard gold from the
monetary system in 1971. Politicians and their academic sycophants will stick to
their pet-rock, TARP, the Troubled Ass Relief Program (if you pardon my pun
of cutting off the tail of the word ‘asset’). This is their cover-up of the fact that
the credit-crisis is their own making.
The first of the Twin Towers, the Derivatives Tower of Babel, has now
toppled, although you cannot see it yet as the dust is still settling. The toppling
of the second, the Debt Tower of Babel, will follow in due course ― unless
banks are recapitalized with gold with all deliberate speed.
The collapse of the Debt Tower of Babel would spell a disaster of the first
magnitude, adversely affecting everybody. It would trigger the Great Grand
Depression of the twenty-first century, making the Great Depression of the
twentieth look mild in comparison |
| Anonymous Coward
User ID: 505615
10/15/2008 10:32 PM | | Re: WTF !! WTF !!! THE 600 TRILLION DERIVATIVES MAYDAY MEETING !! | Quote |
Quoting: Anonymous Coward 526622
Makes me sick to have watched the whole thing
The dumb sheeple in the vids are a shortsighted, shelfish, brainwashed and a disgrace to the founding principles of this nation.
Ignorance is enslavement. |
| Anonymous Coward
User ID: 505615
10/15/2008 10:36 PM | | Re: WTF !! WTF !!! THE 600 TRILLION DERIVATIVES MAYDAY MEETING !! | Quote |
Quoting: Anonymous Coward 526622
'We the Sheeple.' Not to be confused with We The People |
| deepend
User ID: 341709
10/16/2008 12:09 AM
 | | Re: WTF !! WTF !!! THE 600 TRILLION DERIVATIVES MAYDAY MEETING !! | Quote |
Something like that would certainly not hurt the middle class.
lol, trickle down my friend, everything trickles down. Quoting: Anonymous Coward 490531
We will see. I still have faith in the citizens. Should a bankruptcy occur larger than the worth of the world, it hurts nobody; except maybe the governments that allowed it to happen which means no one is hurt. Perhaps a Rockefeller fails or something... perhaps we get lucky; but the middle class is saved from another villain.
^^ gravity is a harsh reality, never try to catch a falling turd. ^^ |
| Anonymous Coward
User ID: 527616
10/16/2008 12:21 AM | | Re: WTF !! WTF !!! THE 600 TRILLION DERIVATIVES MAYDAY MEETING !! | Quote |
How scary |
| Anonymous Coward
User ID: 528981
10/18/2008 1:13 PM | | Re: WTF !! WTF !!! THE 600 TRILLION DERIVATIVES MAYDAY MEETING !! | Quote |
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