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News :: DNC
NESARA: peace information February 20th – April 9th, 2004
10 Apr 2004
“This morning from 7:30 am to 8 am, I shared the good news of NESARA on the
?Healthy Choices? show on KEST Radio 1450 AM in San Francisco”
NESARA information: February 20th – March 28th 2004
by Human wanting Peace • Monday March 29, 2004 at 06:47 AM

The Revolution of Peace is Coming.
The following is NESARA information from February 20th – March 28th 2004
The Revolution of Peace is Coming.
You be your judge.
NESARA - Summary of Benefits for CANADIANS


PEACE and PROSPERITY

CANADA is about to share the benefits of the most humanitarian and revolutionary event the world has ever seen.
NESARA brings PEACE, WORLDWIDE PROSPERITY and INTERNATIONAL ECONOMIC BENEFITS.
As USA is the bastion of FREEDOM in this world, NESARA has to be implemented there first. Canada follows the next day. In October 2000, after being passed by Congress, President Bill Clinton signed the National Economic and Security and Reformation Act (NESARA): 153 nations, including CANADA, have agreed by treaty at the World Court (International Court of Justice in the Hague) to implement these improvements.
Until its official announcement, all government, banking, military, intelligence, Congressional, business, and other personnel and officials who have had to be informed about NESARA due to their professional duties, have been sworn to secrecy and would be charged with treason if they even admit that it exists, on account of sensitive information crashing the stock and commodity markets, and causing massive economic problems worldwide.
The announcement has been delayed by the wiles of the international bankers, who would lose control over the nations of this world when it is introduced, but we are now on the point of its implementation worldwide..
To give you an idea of what is at stake here, here are just some of the NESARA improvements:-
• All banks become TREASURY banks and new currency, backed by precious metals, is issued on a one for one basis
• CANADIAN BANK DEBTS - your home mortgage, bank car loan, college education and other loans are forgiven if you are a Canadian citizen, as part of the compensation program for bank fraud
• CREDIT CARD balances (again, on Canadian banks - and many major department stores or merchants as well) - are zeroed-out immediately, for both Canadian citizens and Landed Immigrants
• CCRA is DISBANDED and all INCOME TAX - both personal and business - (which never did go to any government in Canada or the States) - is abolished; and compensation for this fraud also paid out
• GST is replaced with a straight sales tax on new, non-essential goods and services
• COMMON LAW is the Law of the Land with sovereign citizenship, restoration of the Constitution; all statutory laws are cancelled; all cases on the books are stopped, judges receive re-training
• The GOVERNMENT RESIGNS - many members, past and present, charged with Treason; temporary Prime Minister installed; followed by elections with constitutionally acceptable candidates
• Canada is at PEACE, not WAR - so all Canadian military overseas are brought back home
This is the beginning of what has been termed the Golden Age, prophesied since biblical times.
Behind the scenes right now it is hectic ..... and the Illuminati frantic. Alan Greenspan's 1966 article explained the benefits of a gold-backed currency (he is a strong backer of NESARA) and this will be welcomed in international financial markets, as business worldwide will receive a tremendous boost from NESARA.. He will lecture for about 30 hours on TV explaining NESARA in detail once the initial public announcement has been made. Don't miss it!
* * * Information based upon US reports on the impact of NESARA on USA and other countries * * *


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ANNOUNCEMENT DATE:
any time after .....
22nd March 2004! N.E.S.A.R.A.
otherwise known as the "Reformation Act"
REVOLUTIONARY NEW BANKING SYSTEM FOR THE WORLD
TABLE of CONTENTS
[Main Sections in BOLD type]
NESARA
• Those Involved: FOR and AGAINST
• Background and other Reports
• NESARA in Britain
- - The New Highland Clearances
- - Death Duties - new Inheritance Tax
• NESARA in GERMANY
• NESARA around the WORLD
• NESARA Who's Who
• History of NESARA, Brief
• History of NESARA, Detailed
• History of World Control and NESARA
• HUMANITARIAN PROJECTS
• Spiritual Aspects of NESARA
NESARA in CANADA
• NESARA in CANADA
• The impact of NESARA on CANADA
• NAFTA
• CANADA's Water given to US
• NWO Corruption in CANADA
• NAFTA gives CANADA to the US
• QUEBEC SUMMIT
• Treason - Farewell to CANADA
• Treasonous Acts against Canadians
• Is our Flag "Canadian"? - in preparation
• Canada - Origin of a Nation
• Proposals for New Constitution - in preparation
REPORTS and MESSAGES
• The State of Our World - Sep 03
• Recent Reports
• Videotaped Resignations: Bush, Cheney
• The Golden Age begins
• Reports from the Heavenly Hosts
• The Galactic Federation report
• Hidden Relationships
• The Light Language Grid
AFTER NESARA - WHAT THEN?
• What Then? - Post NESARA Times
o Business
o Common Law
o Communications
o Cost of Living
o Education
o Health
o Meeting with ETs
o Science
o Sports
o Technology in general
o Transportation
o War and Weapons of War
o Weather
• Down the Road with St Germain - 2008
• The World after NESARA
LAW and GOVERNMENT
• Constitutions and Senates
• Canada's Constitution
• United Nations Universal Declaration of Human Rights
• Templars of the Crown
• The Bankers Manifesto
• The Great Law of PEACE
• Model Candidate for Leader

BRIEF SUMMARY
In 1993, the U.S. Supreme Court almost unanimously ruled in favor of the Farmers' Union claims that American banks were fraudulently foreclosing on farms with collusion of the government, and that the income tax amendment was never properly ratified. An extremely strict gag order was placed on everyone directly involved, court case records sealed, and docket number case details revised until after the Court's reformation rulings are accomplished.
To implement reformations, five Justices spent years negotiating 'Accords' with U.S. government and other parties. Because the Accords process did not work, the Justices authorized the reformations be put into the form of a law named the National Economic Security And Reformation Act (NESARA) which was passed secretly in March 2000. Secrecy was maintained by revising official records and strict gag orders. News of NESARA came out of U.S. naval intelligence in June 2000.
The World Court ruled 2002 08 22 that the countries involved (182 now, including CANADA) MUST honor their contracts and change their banking systems in alignment with the true NESARA law as previously agreed.
The process must begin in the United States - in a climate of peace: once it is announced there, the other countries must follow their lead.
NESARA was to be announced at 10 a.m. EDT on 11th September, 2001. The attacks on the World Trade Centre occurred just before 9 am that day. There were NO hijackers. President Bush desperately needed a war - partly to stop this announcement! The lives of NY firemen could be at risk as they evidenced the murder of some 200 bank employees who were actioning bank procedures for the implementation of NESARA that very morning!
On 2002 10 14, the Justices removed many gag orders, and talk shows on both radio and television across the country began to feature this information for the first time.
In November 2003 activities moved to a different front, with individuals and groups taking a role in the preparation for this "Golden Age" despite a wave of increasing cynicism from those who were disappointed at the long wait and those who still thought it "pie in the sky" - and, of course, also from those who would be removed from control over the planet upon its implementation ........

WHY the WORLD needs NESARA
(Prepare to be shocked .....)
The background to Gestapo/Nazi-type Laws in North America
• Psycho-Politics - The Russian Textbook
• Monarch - Mind Control Methodology
• Microwave Harassment and Mind-Control Experimentation
• H.A.A.R.P. - Health, Mind and Weather
• What do we do? - An American thinks it over
PRINCIPAL BENEFITS
• Treasury Banking System: Currency backed by Precious Metals

• NO Income Taxes - tax agencies disbanded

• Forgiveness of Bank Mortgages and Loans
including Student Loans

• Forgiveness of Credit Card debt

• Restoration of Constitutional law, Common Law

• and much more ..........
NESARA
provides FUNDING for
ENVIRONMENTAL and
HUMANITARIAN PROJECTS


Click to subscribe to NESARA CANADA
PROMOTIONAL Material
• Join TEAM CANADA
• Flyer for CANADA, full page colour
• Flyer for CANADA, full page B&W
• Flyer for CANADA, 2/page colour
• Flyer for CANADA, 2/page B&W
E-mail us

RECOMMENDED LINKS
• The American NESARA website
• Source of older Dove Reports -
... the "FourWinds10" website
• International NESARA websites
• Sheldan Nidre Updates -
... First Contact reports

The International Court of Justice
(Peace Palace) at The Hague
Where 180 nations have signed the NESARA agreement

The Founders of N.E.S.A.R.A.

Your use of this site is subject to
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See also ourPrivacy Policy



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[doveofo] World Court Approves March 22, 2004 To Begin NESARA Announcement
> Time Period
> February 20, 2004 10:27 a.m. PST
>
> Hello Dear Friends and White Knights,
>
> Late this afternoon in The Netherlands, the World Court Judges ended the
> court session and recessed to vote on the NESARA announcement time period
> petition. A few hours later, the Judges presented their decision in
> Court. The Judges ruled in favor of and approved the March 22, 2004
> beginning date of the NESARA announcement time period!
>
> When I checked last night, my sources indicated the vote at that time was
> nine Judges in favor and six Judges against the NESARA March 22, 2004
> beginning date. In spite of Illuminati attempts to interfere this week
> and especially last night and this morning, the Judges remained steady in
> their support of NESARA and by a vote of nine Judges to six the March 22,
> 2004 beginning date of the NESARA announcement time period was approved!
>
> What this means is that on Monday, March 22, 2004, about 25,000 White
> Knights in the U.S. military will begin being deployed around the U.S. to
> their NESARA announcement security duty assignments. Thousands of U.S.
> military reservists will be ordered to report to active duty to replace
> the White Knights in the U.S. military who will be doing NESARA
> announcement security duty.
>
> The actual NESARA announcement is expected to occur later in the week of
> March 22, 2004!
>
> A big High Five to all who have worked in support of NESARA! We have
> accomplished our goal of encouraging the World Court Judges to approve the
> March 22, 2004 date and we can now send a final email thanking the Judges
> for today's important NESARA approval.
>
> On behalf of all of us, I sincerely thank the four pro-NESARA U.S. Supreme
> Court Justices, Justice Ginsburg, Justice Souter, Justice Stevens, and
> Justice Breyer, who have courageously taken very strong actions
> culminating in today's approval of the March 22, 2004 date!
>
> We can also send a thank you postcard to the four pro-NESARA U.S. Supreme
> Court Justices: Justice Ginsburg, Justice Souter, Justice Stevens, and
> Justice Breyer. Their mailing address is:
> U.S. Supreme Court
> One First Street
> Washington, D.C. 20543
>
> Great work, everyone! Let's continue to spread the good news of NESARA
> through our NESARA flyer handout activities and in other ways. We will be
> celebrating NESARA's announcement in March 2004! NESARA Now!
>
> Blessings and Love,
> Dove of Oneness
>
> The term "White Knights" is borrowed from the Wall Street Journal and the
> world of big business hostile takeovers when a vulnerable company is
> "rescued from a hostile takeover by a White Knight" corporation or wealthy
> person. Certainly, these people fighting to bring Americans and the world
> the benefits of NESARA and to rescue our people from government and
> banking fraud deserve to be called "White Knights". World Court is the
> International Court of Justice in the city called The Hague, in the
> Netherlands. This is NOT the International Criminal Court from which Bush
> Jr. removed the U.S. These are two totally different courts with
> different purposes.
> ~ ~ ~ ~ ~ ~ ~ ~ ~ ~
>
> For more information on NESARA, go to http://www.nesara.us .
>
> To SUBSCRIBE to the Dove Reports, please send an email with Subject of
> "Subscribe" to dovelist (at) nesara.us. Please allow 72 HOURS for processing
> your request.
>
> To UNSUBSCRIBE from the Dove Reports, send an email with Subject of
> "Unsubscribe" to dovelist (at) nesara.us . Please allow 72 HOURS for
> processing your request.
>
> To CHANGE your email address, please send an email with Subject of "Change
> of Address" to dovelist (at) nesara.us ; in your email first provide the OLD
> email address to be deleted and second the NEW email address. Please
> allow 72 HOURS for processing your request.
>

? [doveofo] NESARA Action Mounting at World Court as U.N. Group Arrives
> February 16, 2004 8:03 p.m. PST
>
> Hello Dear Friends and White Knights,
>
> For those of you new to the Dove Reports, because NESARA's ripple effects
> will cause banking improvements in 140+ countries around the world, the
> World Court is involved in approving NESARA announcement time periods.
> Last Friday, four pro-NESARA U.S. Supreme Court Justices (Ginsburg,
> Souter, Stevens, and Breyer) submitted a petition to World Court
> requesting the Court to approve the earliest NESARA announcement time
> period possible and giving three potential dates to begin the NESARA
> announcement time period. The dates in the NESARA announcement time
> period petition are March 22, 2004, March 29, 2004, and April 5, 2004 and
> one of these dates must be approved by the World Court before NESARA can
> be announced.
>
> The "National Economic Security And Reformation Act" - NESARA - provides
> major benefits to Americans including:
> 1. Forgiveness of credit card, mortgage debt, and other bank loans as
> remedy for bank and government frauds;
> 2. Abolishes the IRS; creates flat rate non-essential "new items only"
> sales tax revenue for government;
> 3. Initiates U.S. Treasury Bank System which absorbs the Federal Reserve
> and new precious metals backed U.S. Treasury currency;
> 4. Restores Constitutional Law;
> 5. Requires resignations of current administration to be replaced by
> Constitutionally acceptable NESARA President and Vice President Designates
> until new elections within 120 days;
> 6. Requires the President Designate to declare "Peace" enabling
> international banking improvements to proceed smoothly; ends U.S.
> aggressive military actions immediately, and many more improvements. (For
> more details on NESARA, see http://www.nesara.us )
>
> Last Friday the four pro-NESARA U.S. Supreme Court Justices also submitted
> a second petition to World Court requesting that six World Court Judges
> who have a history of voting against NESARA to recuse themselves from
> ruling on NESARA unless the Court approves either March 22 or March 29, or
> April 5, 2004. The four U.S. Supreme Court Justices also submitted a
> "notice of grievance" to the U.N. about the appearance of bias in the six
> World Court Judges. (See last Friday, February 13 Dove Report for full
> details about the NESARA announcement petition, etc., at
> http://www.nesara.us/doverpts04/February_13_2004.htm ) Also, to
> understand why the U.S. Supreme Court is involved, read the History of
> NESARA at http://www.nesara.us/pages/history.html .
>
> Today a U.N. group of five is arriving in The Hague (city in The
> Netherlands) where World Court is located. These five U.N. personnel are
> going to World Court to investigate the decisions made by World Court
> Judges regarding NESARA over the past few years. They are very concerned
> about the pattern revealed in the records of World Court rulings related
> to NESARA which were included in the notice of grievance submitted to the
> U.N. by the four pro-NESARA U.S. Supreme Court Justices. (To learn more
> about the World Court, see the Court's website at http://www.icj-cij.org
> .)
>
> The five U.N. personnel are traveling to The Hague today and will spend
> time this week reviewing the Court's records of rulings related to
> delaying and approving NESARA announcement time periods. Illuminati
> bankers and government officials have often submitted petitions asking for
> delays of the NESARA announcement as a strategy for causing weeks or
> months of delays. The five U.N. personnel are not happy with the
> indications of bias against NESARA which the six World Court Judges have
> shown.
>
> In addition, the U.N. personnel have copies of the four pro-NESARA U.S.
> Supreme Court Justices' statements that none of the petitions seeking to
> delay NESARA are based on valid reasons. Therefore, the U.N. personnel
> would like to see the World Court avoid any appearance of bias by
> approving the March 22, 2004 beginning date for the NESARA announcement
> time period.
>
> The U.N. group will also be interviewing each of the World Court Judges in
> the next few days. A notice of grievance from the four pro-NESARA U.S.
> Supreme Court Justices against six World Court Judges is a very serious
> matter; the six World Court Judges' records of voting against NESARA are
> so clear and obvious that these World Court Judges could face sanctions
> from the U.N.
>
> Clearly, the best strategy for the World Court is to approve the March 22,
> 2004 beginning date of the NESARA announcement time period. Approval of
> the March 22, 2004 date would definitely be in the best interest of the
> Court. The World Court does have time this week to hold a session and
> approve the March 22, 2004 date; the Court must make this ruling by or
> before February 20, 2004 in order for the NESARA announcement time period
> to begin March 22.
>
> Let's continue our emails to the World Court Judges at mail (at) icj-cij.org
> requesting that the Judges approve the March 22, 2004 beginning date of
> NESARA's announcement time period. It's entirely possible that the Judges
> could approve the March 22, 2004 beginning date for the NESARA
> announcement time period; the Judges must approve the March 22, 2004 date
> by this coming Friday, February 20, 2004.
>
> Let's send as many emails urging the Court to approve March 22, 2004 as we
> can this week. The last time we lobbied World Court to approve the NESARA
> announcement time period, it took us three days to send 50,000 emails.
> When we have sent 50,000 emails to the Court, we will begin to get our
> emails bounced back to us and will know we have met our 50,000 emails
> goal.
>
> Remember, the World Court has issued strict gag orders on NESARA and no
> one at World Court can publicly confirm anything about NESARA by email or
> any other way; the standard response is "denial" in order to avoid
> breaking the gag order. Everyone who has been or is officially involved
> with NESARA is under the gag order and will only confirm NESARA
> confidentially to personal friends. I'm not an "official" person and
> therefore I can report the information I have gathered on NESARA during
> the last four years.
>
> The World Court has to send a 30-day notice to the officials of over 140
> countries' banking systems around the world BEFORE the NESARA announcement
> so these 140 countries can be ready to do their own banking improvements
> within a few weeks after NESARA's announcement. The 30-day notice is why
> the World Court needs to approve the March 22, 2004 date by this Friday,
> February 20, 2004.
>
> NESARA Now!
>
> Blessings and Love,
> Dove of Oneness
>
> The term "White Knights" is borrowed from the Wall Street Journal and the
> world of big business hostile takeovers when a vulnerable company is
> "rescued from a hostile takeover by a White Knight" corporation or wealthy
> person. Certainly, these people fighting to bring Americans and the world
> the benefits of NESARA and to rescue our people from government and
> banking fraud deserve to be called "White Knights". World Court is the
> International Court of Justice in the city called The Hague, in the
> Netherlands. This is NOT the International Criminal Court from which Bush
> Jr. removed the U.S. These are two totally different courts with
> different purposes.
>
> The Dove Report currently has 15,053 subscribers and is read by over
> 300,000 people worldwide in forums on other websites and published in
> magazines and journals nationally and internationally.
> ~ ~ ~ ~ ~ ~ ~ ~ ~ ~

Hello Dear Friends and White Knights,
> >
> > In order to do NESARA's announcement, a number of massive actions must
> > occur.
> >
> > In order to protect the key banking centers in the U.S. and perform many
> > other security tasks including preparing to arrest Illuminati government
> > officials and others, about 25,000 of the 40,000 White Knights in the U.S.
> > military are deployed to over 200 locations in the U.S. It takes a day or
> > two to move 25,000 military personnel into their NESARA announcement
> > security positions around the U.S.
> >
> > Since these 25,000 White Knights in the U.S. military are active duty
> > military, when they have to go into their NESARA announcement security
> > duty locations, many of their regular military duties have to be handled
> > by other military units. In some cases, active duty military groups are
> > moved to do the normal duties of the White Knight military groups. In
> > other cases, U.S. military reservists are called to serve for a period of
> > weeks to do the normal duties of the White Knight U.S. military groups.
> >
> > Although the White Knights in the U.S. military are paid their regular
> > military pay during their deployments to do NESARA announcement security
> > duties, there are other expenses which are paid by corporate foundations
> > and wealthy individuals who support NESARA and the White Knights. Every
> > so often, a White Knight military group conducts a fund raising campaign
> > among wealthy NESARA supporters to raise the money needed to pay the
> > expenses of deploying and maintaining the White Knight military groups in
> > over 200 locations during their NESARA announcement security duties.
> >
> > In addition, all the major banking corporations in the U.S. are notified
> > that they need to standby for the NESARA announcement and be prepared to
> > add additional staff to carry out the banking changeover activities after
> > NESARA is announced. After the three business days of bank closures
> > following NESARA's announcement, the banks will be open longer hours for a
> > period of time. To cover these extra hours and activities, the banks will
> > have to call in additional personnel immediately after NESARA is
> > announced.
> >
> > White Knights and bankers of central banks in other countries are also now
> > being informed of the recently approved NESARA announcement time period.
> > These groups in other countries must be on alert to carry out the banking
> > and government improvements in their countries after NESARA is announced.
> > The banks in other countries will also have to call in additional
> > personnel to assist them in their banking improvements activities and must
> > have advance notice of the NESARA announcement time period so they know
> > they should be ready to call their additional personnel.
> >
> > There are also about 20 NESARA announcement presenters who must be
> > informed a few weeks prior to NESARA's announcement so they can schedule
> > themselves to be available in the Washington, D.C. area during the NESARA
> > announcement time period. The NESARA announcement presenters include
> > people directly involved with the Farmers Union whose case in the U.S.
> > Supreme Court in 1993 resulted in rulings which form the foundation of the
> > NESARA law (see "History" section at http://www.nesara.us for details). Some
> > other NESARA announcement presenters include three Justices of the U.S.
> > Supreme Court, Alan Greenspan, world level expert economists, experts in
> > Constitutional Law, some U.S. Congress members who sponsored the NESARA
> > law, and the NESARA President and Vice President Designates. (Alan
> > Greenspan is a Libertarian whose Doctoral Thesis was on the value of
> > gold-backed currency; see article below.)
> >
> > The NESARA announcement process is expected to require over four hours.
> > There will be no advance public notice that the NESARA law announcement is
> > going to be broadcast. On the day NESARA is announced, there will be an
> > unexpected break in normal broadcasting and the television and radio
> > stations will announce they are interrupting regular programming to cover
> > breaking news from Washington, D.C. As the NESARA announcement broadcast
> > begins, we will see U.S. Supreme Court Chief Justice Rehnquist do a short
> > introduction to NESARA; then the video tapes of Bush's and Cheney's
> > resignation speeches will be broadcast. Next we will see the NESARA
> > President and Vice President Designates sworn in. The last part of the
> > NESARA announcement will be almost four hours long and include NESARA's
> > history, overview, and benefits.
> >
> > The 25,000 White Knights in the U.S. military can begin being moved into
> > their NESARA announcement period security assignment locations on March
> > 22, 2004 and it will take a few days for these security assignments to be
> > fully covered. After the security assignments are fully covered and other
> > final activities are in "go" status, the NESARA announcement is expected
> > to occur.
> >
> > The mass deliveries of humanitarian prosperity programs funding notices
> > are expected to proceed in the U.S. within a few business days after
> > NESARA's announcement, followed by mass notifications to prosperity
> > program members in other countries around the world within a few weeks.
> > Although not all prosperity programs require gifting, those of us in the
> > Big O program can use these next few weeks to work on our gifting lists.
> >
> > Within hours of NESARA's announcement, the NESARA President Designate will
> > declare peace and begin ordering U.S. military troops back to the U.S.
> > The United Nations should take over the management of the situations in
> > Iraq and Afghanistan. Other countries will also be required to declare
> > peace if they wish to move smoothly through the worldwide banking and
> > economic improvements initiated by NESARA's announcement. NESARA Now!
> >
> > Blessings and Love,
> > Dove of Oneness
> >
> > The term "White Knights" is borrowed from the Wall Street Journal and the
> > world of big business hostile takeovers when a vulnerable company is
> > "rescued from a hostile takeover by a White Knight" corporation or wealthy
> > person. Certainly, these people fighting to bring Americans and the world
> > the benefits of NESARA and to rescue our people from government and
> > banking fraud deserve to be called "White Knights". World Court is the
> > International Court of Justice in the city called The Hague, in the
> > Netherlands. This is NOT the International Criminal Court from which Bush
> > Jr. removed the U.S. These are two totally different courts with
> > different purposes.
> > ~ ~ ~ ~ ~ ~ ~ ~ ~ ~
> >
> > http://www.usagold.com/gildedopinion/Greenspan.html
> >
> > Gold and Economic Freedom
> > by Alan Greenspan
> >
> > [Editor's note - It may surprise more than a few gold devotees to learn
> > they have an ideological friend in none other than Federal Reserve Board
> > chairman Alan Greenspan. Starting in the 1950s, in fact, Greenspan was a
> > stalwart member of Ayn Rand's intellectual inner circle. A self-designated
> > "objectivist", Rand preached a strongly libertarian view, applying it to
> > politics and economics, as well as to religion and popular culture. Under
> > her influence, Greenspan wrote for the first issue of what was to become
> > the widely-circulated Objectivist Newsletter. When Gerald Ford appointed
> > him to the Council of Economic Advisors, Greenspan invited Rand to his
> > swearing-in ceremony. He even attended her funeral in 1982.
> >
> > In 1967, Rand published her non-fiction book, Capitalism, the Unknown
> > Ideal. In it, she included Gold and Economic Freedom, the essay by Alan
> > Greenspan which appears below. Drawing heavily from Murray Rothbard's much
> > longer The Mystery of Banking, Greenspan argues persuasively in favor of a
> > gold standard and against the concept of a central bank.
> >
> > Can this be the same Alan Greenspan who today chairs the most important
> > central bank of them all? Again, you might be surprised. R.W. Bradford
> > writes in Liberty magazine that, as Fed chairman, "Greenspan (once)
> > recommended to a Senate committee that all economic regulations should
> > have fixed lifespans. Senator Paul Sarbanes (D-Md.) accused him of
> > 'playing with fire, or indeed throwing gasoline on the fire,' and asked
> > him whether he favored a similar provision in the Fed's authorization.
> > Greenspan coolly answered that he did. Do you actually mean, demanded the
> > Senator, that the Fed 'should cease to function unless affirmatively
> > continued?' 'That is correct, sir,' Greenspan responded."
> >
> > Bradford continues, "The Senator could scarcely believe his ears. 'Now my
> > next question is, is it your intention that the report of this hearing
> > should be that Greenspan recommends a return to the gold standard?'
> > Greenspan responded, 'I've been recommending that for years, there's
> > nothing new about that. It would probably mean there is only one vote in
> > the Federal Open Market Committee for that, but it is mine.'"
> > -- Editor, The Gilded Opinion ]
> >
> > GOLD AND ECONOMIC FREEDOM
> >
> > An almost hysterical antagonism toward the gold standard is one issue
> > which unites statists of all persuasions. They seem to sense-perhaps more
> > clearly and subtly than many consistent defenders of laissez-faire -- that
> > gold and economic freedom are inseparable, that the gold standard is an
> > instrument of laissez-faire and that each implies and requires the other.
> >
> > In order to understand the source of their antagonism, it is necessary
> > first to understand the specific role of gold in a free society.
> >
> > Money is the common denominator of all economic transactions. It is that
> > commodity which serves as a medium of exchange, is universally acceptable
> > to all participants in an exchange economy as payment for their goods or
> > services, and can, therefore, be used as a standard of market value and as
> > a store of value, i.e., as a means of saving.
> >
> > The existence of such a commodity is a precondition of a division of labor
> > economy. If men did not have some commodity of objective value which was
> > generally acceptable as money, they would have to resort to primitive
> > barter or be forced to live on self-sufficient farms and forgo the
> > inestimable advantages of specialization. If men had no means to store
> > value, i.e., to save, neither long-range planning nor exchange would be
> > possible.
> >
> > What medium of exchange will be acceptable to all participants in an
> > economy is not determined arbitrarily. First, the medium of exchange
> > should be durable. In a primitive society of meager wealth, wheat might be
> > sufficiently durable to serve as a medium, since all exchanges would occur
> > only during and immediately after the harvest, leaving no value-surplus to
> > store. But where store-of-value considerations are important, as they are
> > in richer, more civilized societies, the medium of exchange must be a
> > durable commodity, usually a metal. A metal is generally chosen because it
> > is homogeneous and divisible: every unit is the same as every other and it
> > can be blended or formed in any quantity. Precious jewels, for example,
> > are neither homogeneous nor divisible. More important, the commodity
> > chosen as a medium must be a luxury. Human desires for luxuries are
> > unlimited and, therefore, luxury goods are always in demand and will
> > always be acceptable. Wheat is a luxury in underfed civilizations, but
> > not in a prosperous society. Cigarettes ordinarily would not serve as
> > money, but they did in post-World War II Europe where they were considered
> > a luxury. The term "luxury good" implies scarcity and high unit value.
> > Having a high unit value, such a good is easily portable; for instance, an
> > ounce of gold is worth a half-ton of pig iron.
> >
> > In the early stages of a developing money economy, several media of
> > exchange might be used, since a wide variety of commodities would fulfill
> > the foregoing conditions. However, one of the commodities will gradually
> > displace all others, by being more widely acceptable. Preferences on what
> > to hold as a store of value, will shift to the most widely acceptable
> > commodity, which, in turn, will make it still more acceptable. The shift
> > is progressive until that commodity becomes the sole medium of exchange.
> > The use of a single medium is highly advantageous for the same reasons
> > that a money economy is superior to a barter economy: it makes exchanges
> > possible on an incalculably wider scale.
> >
> > Whether the single medium is gold, silver, seashells, cattle, or tobacco
> > is optional, depending on the context and development of a given economy.
> > In fact, all have been employed, at various times, as media of exchange.
> > Even in the present century, two major commodities, gold and silver, have
> > been used as international media of exchange, with gold becoming the
> > predominant one. Gold, having both artistic and functional uses and being
> > relatively scarce, has significant advantages over all other media of
> > exchange. Since the beginning of World War I, it has been virtually the
> > sole international standard of exchange. If all goods and services were to
> > be paid for in gold, large payments would be difficult to execute and this
> > would tend to limit the extent of a society's divisions of labor and
> > specialization. Thus a logical extension of the creation of a medium of
> > exchange is the development of a banking system and credit instruments
> > (bank notes and deposits) which act as a substitute for, but are
> > convertible into, gold.
> >
> > A free banking system based on gold is able to extend credit and thus to
> > create bank notes (currency) and deposits, according to the production
> > requirements of the economy. Individual owners of gold are induced, by
> > payments of interest, to deposit their gold in a bank (against which they
> > can draw checks). But since it is rarely the case that all depositors want
> > to withdraw all their gold at the same time, the banker need keep only a
> > fraction of his total deposits in gold as reserves. This enables the
> > banker to loan out more than the amount of his gold deposits (which means
> > that he holds claims to gold rather than gold as security of his
> > deposits). But the amount of loans which he can afford to make is not
> > arbitrary: he has to gauge it in relation to his reserves and to the
> > status of his investments.
> >
> > When banks loan money to finance productive and profitable endeavors, the
> > loans are paid off rapidly and bank credit continues to be generally
> > available. But when the business ventures financed by bank credit are less
> > profitable and slow to pay off, bankers soon find that their loans
> > outstanding are excessive relative to their gold reserves, and they begin
> > to curtail new lending, usually by charging higher interest rates. This
> > tends to restrict the financing of new ventures and requires the existing
> > borrowers to improve their profitability before they can obtain credit for
> > further expansion. Thus, under the gold standard, a free banking system
> > stands as the protector of an economy's stability and balanced growth.
> >
> > When gold is accepted as the medium of exchange by most or all nations, an
> > unhampered free international gold standard serves to foster a world-wide
> > division of labor and the broadest international trade. Even though the
> > units of exchange (the dollar, the pound, the franc, etc.) differ from
> > country to country, when all are defined in terms of gold the economies of
> > the different countries act as one -- so long as there are no restraints
> > on trade or on the movement of capital. Credit, interest rates, and prices
> > tend to follow similar patterns in all countries. For example, if banks in
> > one country extend credit too liberally, interest rates in that country
> > will tend to fall, inducing depositors to shift their gold to
> > higher-interest paying banks in other countries. This will immediately
> > cause a shortage of bank reserves in the "easy money" country, inducing
> > tighter credit standards and a return to competitively higher interest
> > rates again.
> >
> > A fully free banking system and fully consistent gold standard have not as
> > yet been achieved. But prior to World War I, the banking system in the
> > United States (and in most of the world) was based on gold and even though
> > governments intervened occasionally, banking was more free than
> > controlled. Periodically, as a result of overly rapid credit expansion,
> > banks became loaned up to the limit of their gold reserves, interest rates
> > rose sharply, new credit was cut off, and the economy went into a sharp,
> > but short-lived recession. (Compared with the depressions of 1920 and
> > 1932, the pre-World War I business declines were mild indeed.) It was
> > limited gold reserves that stopped the unbalanced expansions of business
> > activity, before they could develop into the post-World Was I type of
> > disaster. The readjustment periods were short and the economies quickly
> > reestablished a sound basis to resume expansion.
> >
> > But the process of cure was misdiagnosed as the disease: if shortage of
> > bank reserves was causing a business decline -argued economic
> > interventionists -- why not find a way of supplying increased reserves to
> > the banks so they never need be short! If banks can continue to loan money
> > indefinitely -- it was claimed -- there need never be any slumps in
> > business. And so the Federal Reserve System was organized in 1913. It
> > consisted of twelve regional Federal Reserve banks nominally owned by
> > private bankers, but in fact government sponsored, controlled, and
> > supported. Credit extended by these banks is in practice (though not
> > legally) backed by the taxing power of the federal government.
> > Technically, we remained on the gold standard; individuals were still free
> > to own gold, and gold continued to be used as bank reserves. But now, in
> > addition to gold, credit extended by the Federal Reserve banks ("paper
> > reserves") could serve as legal tender to pay depositors.
> >
> > When business in the United States underwent a mild contraction in 1927,
> > the Federal Reserve created more paper reserves in the hope of
> > forestalling any possible bank reserve shortage. More disastrous, however,
> > was the Federal Reserve's attempt to assist Great Britain who had been
> > losing gold to us because the Bank of England refused to allow interest
> > rates to rise when market forces dictated (it was politically
> > unpalatable). The reasoning of the authorities involved was as follows: if
> > the Federal Reserve pumped excessive paper reserves into American banks,
> > interest rates in the United States would fall to a level comparable with
> > those in Great Britain; this would act to stop Britain's gold loss and
> > avoid the political embarrassment of having to raise interest rates.
> >
> > The "Fed" succeeded; it stopped the gold loss, but it nearly destroyed the
> > economies of the world in the process. The excess credit which the Fed
> > pumped into the economy spilled over into the stock market -- triggering a
> > fantastic speculative boom. Belatedly, Federal Reserve officials attempted
> > to sop up the excess reserves and finally succeeded in braking the boom.
> > But it was too late: by 1929 the speculative imbalances had become so
> > overwhelming that the attempt precipitated a sharp retrenching and a
> > consequent demoralizing of business confidence. As a result, the American
> > economy collapsed. Great Britain fared even worse, and rather than absorb
> > the full consequences of her previous folly, she abandoned the gold
> > standard completely in 1931, tearing asunder what remained of the fabric
> > of confidence and inducing a world-wide series of bank failures. The world
> > economies plunged into the Great Depression of the 1930's.
> >
> > With a logic reminiscent of a generation earlier, statists argued that the
> > gold standard was largely to blame for the credit debacle which led to the
> > Great Depression. If the gold standard had not existed, they argued,
> > Britain's abandonment of gold payments in 1931 would not have caused the
> > failure of banks all over the world. (The irony was that since 1913, we
> > had been, not on a gold standard, but on what may be termed "a mixed gold
> > standard"; yet it is gold that took the blame.) But the opposition to the
> > gold standard in any form -- from a growing number of welfare-state
> > advocates -- was prompted by a much subtler insight: the realization that
> > the gold standard is incompatible with chronic deficit spending (the
> > hallmark of the welfare state). Stripped of its academic jargon, the
> > welfare state is nothing more than a mechanism by which governments
> > confiscate the wealth of the productive members of a society to support a
> > wide variety of welfare schemes. A substantial part of the confiscation is
> > effected by taxation. But the welfare statists were quick to recognize
> > that if they wished to retain political power, the amount of taxation had
> > to be limited and they had to resort to programs of massive deficit
> > spending, i.e., they had to borrow money, by issuing government bonds, to
> > finance welfare expenditures on a large scale.
> >
> > Under a gold standard, the amount of credit that an economy can support is
> > determined by the economy's tangible assets, since every credit instrument
> > is ultimately a claim on some tangible asset. But government bonds are not
> > backed by tangible wealth, only by the government's promise to pay out of
> > future tax revenues, and cannot easily be absorbed by the financial
> > markets. A large volume of new government bonds can be sold to the public
> > only at progressively higher interest rates. Thus, government deficit
> > spending under a gold standard is severely limited. The abandonment of the
> > gold standard made it possible for the welfare statists to use the banking
> > system as a means to an unlimited expansion of credit. They have created
> > paper reserves in the form of government bonds which -- through a complex
> > series of steps -- the banks accept in place of tangible assets and treat
> > as if they were an actual deposit, i.e., as the equivalent of what was
> > formerly a deposit of gold. The holder of a government bond or of a bank
> > deposit created by paper reserves believes that he has a valid claim on a
> > real asset. But the fact is that there are now more claims outstanding
> > than real assets. The law of supply and demand is not to be conned. As the
> > supply of money (of claims) increases relative to the supply of tangible
> > assets in the economy, prices must eventually rise. Thus the earnings
> > saved by the productive members of the society lose value in terms of
> > goods. When the economy's books are finally balanced, one finds that this
> > loss in value represents the goods purchased by the government for welfare
> > or other purposes with the money proceeds of the government bonds financed
> > by bank credit expansion.
> >
> > In the absence of the gold standard, there is no way to protect savings
> > from confiscation through inflation. There is no safe store of value. If
> > there were, the government would have to make its holding illegal, as was
> > done in the case of gold. If everyone decided, for example, to convert all
> > his bank deposits to silver or copper or any other good, and thereafter
> > declined to accept checks as payment for goods, bank deposits would lose
> > their purchasing power and government-created bank credit would be
> > worthless as a claim on goods. The financial policy of the welfare state
> > requires that there be no way for the owners of wealth to protect
> > themselves.
> >
> > This is the shabby secret of the welfare statists' tirades against gold.
> > Deficit spending is simply a scheme for the confiscation of wealth. Gold
> > stands in the way of this insidious process. It stands as a protector of
> > property rights. If one grasps this, one has no difficulty in
> > understanding the statists' antagonism toward the gold standard.
> >
> > by Alan Greenspan
> > 1967
> > Reprinted by USAGOLD with editorial content on July 6, 2001.

Hello Dear Friends and White Knights,
> >
> > In order to do NESARA's announcement, a number of massive actions must
> > occur.
> >
> > In order to protect the key banking centers in the U.S. and perform many
> > other security tasks including preparing to arrest Illuminati government
> > officials and others, about 25,000 of the 40,000 White Knights in the U.S.
> > military are deployed to over 200 locations in the U.S. It takes a day or
> > two to move 25,000 military personnel into their NESARA announcement
> > security positions around the U.S.
> >
> > Since these 25,000 White Knights in the U.S. military are active duty
> > military, when they have to go into their NESARA announcement security
> > duty locations, many of their regular military duties have to be handled
> > by other military units. In some cases, active duty military groups are
> > moved to do the normal duties of the White Knight military groups. In
> > other cases, U.S. military reservists are called to serve for a period of
> > weeks to do the normal duties of the White Knight U.S. military groups.
> >
> > Although the White Knights in the U.S. military are paid their regular
> > military pay during their deployments to do NESARA announcement security
> > duties, there are other expenses which are paid by corporate foundations
> > and wealthy individuals who support NESARA and the White Knights. Every
> > so often, a White Knight military group conducts a fund raising campaign
> > among wealthy NESARA supporters to raise the money needed to pay the
> > expenses of deploying and maintaining the White Knight military groups in
> > over 200 locations during their NESARA announcement security duties.
> >
> > In addition, all the major banking corporations in the U.S. are notified
> > that they need to standby for the NESARA announcement and be prepared to
> > add additional staff to carry out the banking changeover activities after
> > NESARA is announced. After the three business days of bank closures
> > following NESARA's announcement, the banks will be open longer hours for a
> > period of time. To cover these extra hours and activities, the banks will
> > have to call in additional personnel immediately after NESARA is
> > announced.
> >
> > White Knights and bankers of central banks in other countries are also now
> > being informed of the recently approved NESARA announcement time period.
> > These groups in other countries must be on alert to carry out the banking
> > and government improvements in their countries after NESARA is announced.
> > The banks in other countries will also have to call in additional
> > personnel to assist them in their banking improvements activities and must
> > have advance notice of the NESARA announcement time period so they know
> > they should be ready to call their additional personnel.
> >
> > There are also about 20 NESARA announcement presenters who must be
> > informed a few weeks prior to NESARA's announcement so they can schedule
> > themselves to be available in the Washington, D.C. area during the NESARA
> > announcement time period. The NESARA announcement presenters include
> > people directly involved with the Farmers Union whose case in the U.S.
> > Supreme Court in 1993 resulted in rulings which form the foundation of the
> > NESARA law (see "History" section at http://www.nesara.us for details). Some
> > other NESARA announcement presenters include three Justices of the U.S.
> > Supreme Court, Alan Greenspan, world level expert economists, experts in
> > Constitutional Law, some U.S. Congress members who sponsored the NESARA
> > law, and the NESARA President and Vice President Designates. (Alan
> > Greenspan is a Libertarian whose Doctoral Thesis was on the value of
> > gold-backed currency; see article below.)
> >
> > The NESARA announcement process is expected to require over four hours.
> > There will be no advance public notice that the NESARA law announcement is
> > going to be broadcast. On the day NESARA is announced, there will be an
> > unexpected break in normal broadcasting and the television and radio
> > stations will announce they are interrupting regular programming to cover
> > breaking news from Washington, D.C. As the NESARA announcement broadcast
> > begins, we will see U.S. Supreme Court Chief Justice Rehnquist do a short
> > introduction to NESARA; then the video tapes of Bush's and Cheney's
> > resignation speeches will be broadcast. Next we will see the NESARA
> > President and Vice President Designates sworn in. The last part of the
> > NESARA announcement will be almost four hours long and include NESARA's
> > history, overview, and benefits.
> >
> > The 25,000 White Knights in the U.S. military can begin being moved into
> > their NESARA announcement period security assignment locations on March
> > 22, 2004 and it will take a few days for these security assignments to be
> > fully covered. After the security assignments are fully covered and other
> > final activities are in "go" status, the NESARA announcement is expected
> > to occur.
> >
> > The mass deliveries of humanitarian prosperity programs funding notices
> > are expected to proceed in the U.S. within a few business days after
> > NESARA's announcement, followed by mass notifications to prosperity
> > program members in other countries around the world within a few weeks.
> > Although not all prosperity programs require gifting, those of us in the
> > Big O program can use these next few weeks to work on our gifting lists.
> >
> > Within hours of NESARA's announcement, the NESARA President Designate will
> > declare peace and begin ordering U.S. military troops back to the U.S.
> > The United Nations should take over the management of the situations in
> > Iraq and Afghanistan. Other countries will also be required to declare
> > peace if they wish to move smoothly through the worldwide banking and
> > economic improvements initiated by NESARA's announcement. NESARA Now!
> >
> > Blessings and Love,
> > Dove of Oneness
> >
> > The term "White Knights" is borrowed from the Wall Street Journal and the
> > world of big business hostile takeovers when a vulnerable company is
> > "rescued from a hostile takeover by a White Knight" corporation or wealthy
> > person. Certainly, these people fighting to bring Americans and the world
> > the benefits of NESARA and to rescue our people from government and
> > banking fraud deserve to be called "White Knights". World Court is the
> > International Court of Justice in the city called The Hague, in the
> > Netherlands. This is NOT the International Criminal Court from which Bush
> > Jr. removed the U.S. These are two totally different courts with
> > different purposes.
> > ~ ~ ~ ~ ~ ~ ~ ~ ~ ~
> >
> > http://www.usagold.com/gildedopinion/Greenspan.html
> >
> > Gold and Economic Freedom
> > by Alan Greenspan
> >
> > [Editor's note - It may surprise more than a few gold devotees to learn
> > they have an ideological friend in none other than Federal Reserve Board
> > chairman Alan Greenspan. Starting in the 1950s, in fact, Greenspan was a
> > stalwart member of Ayn Rand's intellectual inner circle. A self-designated
> > "objectivist", Rand preached a strongly libertarian view, applying it to
> > politics and economics, as well as to religion and popular culture. Under
> > her influence, Greenspan wrote for the first issue of what was to become
> > the widely-circulated Objectivist Newsletter. When Gerald Ford appointed
> > him to the Council of Economic Advisors, Greenspan invited Rand to his
> > swearing-in ceremony. He even attended her funeral in 1982.
> >
> > In 1967, Rand published her non-fiction book, Capitalism, the Unknown
> > Ideal. In it, she included Gold and Economic Freedom, the essay by Alan
> > Greenspan which appears below. Drawing heavily from Murray Rothbard's much
> > longer The Mystery of Banking, Greenspan argues persuasively in favor of a
> > gold standard and against the concept of a central bank.
> >
> > Can this be the same Alan Greenspan who today chairs the most important
> > central bank of them all? Again, you might be surprised. R.W. Bradford
> > writes in Liberty magazine that, as Fed chairman, "Greenspan (once)
> > recommended to a Senate committee that all economic regulations should
> > have fixed lifespans. Senator Paul Sarbanes (D-Md.) accused him of
> > 'playing with fire, or indeed throwing gasoline on the fire,' and asked
> > him whether he favored a similar provision in the Fed's authorization.
> > Greenspan coolly answered that he did. Do you actually mean, demanded the
> > Senator, that the Fed 'should cease to function unless affirmatively
> > continued?' 'That is correct, sir,' Greenspan responded."
> >
> > Bradford continues, "The Senator could scarcely believe his ears. 'Now my
> > next question is, is it your intention that the report of this hearing
> > should be that Greenspan recommends a return to the gold standard?'
> > Greenspan responded, 'I've been recommending that for years, there's
> > nothing new about that. It would probably mean there is only one vote in
> > the Federal Open Market Committee for that, but it is mine.'"
> > -- Editor, The Gilded Opinion ]
> >
> > GOLD AND ECONOMIC FREEDOM
> >
> > An almost hysterical antagonism toward the gold standard is one issue
> > which unites statists of all persuasions. They seem to sense-perhaps more
> > clearly and subtly than many consistent defenders of laissez-faire -- that
> > gold and economic freedom are inseparable, that the gold standard is an
> > instrument of laissez-faire and that each implies and requires the other.
> >
> > In order to understand the source of their antagonism, it is necessary
> > first to understand the specific role of gold in a free society.
> >
> > Money is the common denominator of all economic transactions. It is that
> > commodity which serves as a medium of exchange, is universally acceptable
> > to all participants in an exchange economy as payment for their goods or
> > services, and can, therefore, be used as a standard of market value and as
> > a store of value, i.e., as a means of saving.
> >
> > The existence of such a commodity is a precondition of a division of labor
> > economy. If men did not have some commodity of objective value which was
> > generally acceptable as money, they would have to resort to primitive
> > barter or be forced to live on self-sufficient farms and forgo the
> > inestimable advantages of specialization. If men had no means to store
> > value, i.e., to save, neither long-range planning nor exchange would be
> > possible.
> >
> > What medium of exchange will be acceptable to all participants in an
> > economy is not determined arbitrarily. First, the medium of exchange
> > should be durable. In a primitive society of meager wealth, wheat might be
> > sufficiently durable to serve as a medium, since all exchanges would occur
> > only during and immediately after the harvest, leaving no value-surplus to
> > store. But where store-of-value considerations are important, as they are
> > in richer, more civilized societies, the medium of exchange must be a
> > durable commodity, usually a metal. A metal is generally chosen because it
> > is homogeneous and divisible: every unit is the same as every other and it
> > can be blended or formed in any quantity. Precious jewels, for example,
> > are neither homogeneous nor divisible. More important, the commodity
> > chosen as a medium must be a luxury. Human desires for luxuries are
> > unlimited and, therefore, luxury goods are always in demand and will
> > always be acceptable. Wheat is a luxury in underfed civilizations, but
> > not in a prosperous society. Cigarettes ordinarily would not serve as
> > money, but they did in post-World War II Europe where they were considered
> > a luxury. The term "luxury good" implies scarcity and high unit value.
> > Having a high unit value, such a good is easily portable; for instance, an
> > ounce of gold is worth a half-ton of pig iron.
> >
> > In the early stages of a developing money economy, several media of
> > exchange might be used, since a wide variety of commodities would fulfill
> > the foregoing conditions. However, one of the commodities will gradually
> > displace all others, by being more widely acceptable. Preferences on what
> > to hold as a store of value, will shift to the most widely acceptable
> > commodity, which, in turn, will make it still more acceptable. The shift
> > is progressive until that commodity becomes the sole medium of exchange.
> > The use of a single medium is highly advantageous for the same reasons
> > that a money economy is superior to a barter economy: it makes exchanges
> > possible on an incalculably wider scale.
> >
> > Whether the single medium is gold, silver, seashells, cattle, or tobacco
> > is optional, depending on the context and development of a given economy.
> > In fact, all have been employed, at various times, as media of exchange.
> > Even in the present century, two major commodities, gold and silver, have
> > been used as international media of exchange, with gold becoming the
> > predominant one. Gold, having both artistic and functional uses and being
> > relatively scarce, has significant advantages over all other media of
> > exchange. Since the beginning of World War I, it has been virtually the
> > sole international standard of exchange. If all goods and services were to
> > be paid for in gold, large payments would be difficult to execute and this
> > would tend to limit the extent of a society's divisions of labor and
> > specialization. Thus a logical extension of the creation of a medium of
> > exchange is the development of a banking system and credit instruments
> > (bank notes and deposits) which act as a substitute for, but are
> > convertible into, gold.
> >
> > A free banking system based on gold is able to extend credit and thus to
> > create bank notes (currency) and deposits, according to the production
> > requirements of the economy. Individual owners of gold are induced, by
> > payments of interest, to deposit their gold in a bank (against which they
> > can draw checks). But since it is rarely the case that all depositors want
> > to withdraw all their gold at the same time, the banker need keep only a
> > fraction of his total deposits in gold as reserves. This enables the
> > banker to loan out more than the amount of his gold deposits (which means
> > that he holds claims to gold rather than gold as security of his
> > deposits). But the amount of loans which he can afford to make is not
> > arbitrary: he has to gauge it in relation to his reserves and to the
> > status of his investments.
> >
> > When banks loan money to finance productive and profitable endeavors, the
> > loans are paid off rapidly and bank credit continues to be generally
> > available. But when the business ventures financed by bank credit are less
> > profitable and slow to pay off, bankers soon find that their loans
> > outstanding are excessive relative to their gold reserves, and they begin
> > to curtail new lending, usually by charging higher interest rates. This
> > tends to restrict the financing of new ventures and requires the existing
> > borrowers to improve their profitability before they can obtain credit for
> > further expansion. Thus, under the gold standard, a free banking system
> > stands as the protector of an economy's stability and balanced growth.
> >
> > When gold is accepted as the medium of exchange by most or all nations, an
> > unhampered free international gold standard serves to foster a world-wide
> > division of labor and the broadest international trade. Even though the
> > units of exchange (the dollar, the pound, the franc, etc.) differ from
> > country to country, when all are defined in terms of gold the economies of
> > the different countries act as one -- so long as there are no restraints
> > on trade or on the movement of capital. Credit, interest rates, and prices
> > tend to follow similar patterns in all countries. For example, if banks in
> > one country extend credit too liberally, interest rates in that country
> > will tend to fall, inducing depositors to shift their gold to
> > higher-interest paying banks in other countries. This will immediately
> > cause a shortage of bank reserves in the "easy money" country, inducing
> > tighter credit standards and a return to competitively higher interest
> > rates again.
> >
> > A fully free banking system and fully consistent gold standard have not as
> > yet been achieved. But prior to World War I, the banking system in the
> > United States (and in most of the world) was based on gold and even though
> > governments intervened occasionally, banking was more free than
> > controlled. Periodically, as a result of overly rapid credit expansion,
> > banks became loaned up to the limit of their gold reserves, interest rates
> > rose sharply, new credit was cut off, and the economy went into a sharp,
> > but short-lived recession. (Compared with the depressions of 1920 and
> > 1932, the pre-World War I business declines were mild indeed.) It was
> > limited gold reserves that stopped the unbalanced expansions of business
> > activity, before they could develop into the post-World Was I type of
> > disaster. The readjustment periods were short and the economies quickly
> > reestablished a sound basis to resume expansion.
> >
> > But the process of cure was misdiagnosed as the disease: if shortage of
> > bank reserves was causing a business decline -argued economic
> > interventionists -- why not find a way of supplying increased reserves to
> > the banks so they never need be short! If banks can continue to loan money
> > indefinitely -- it was claimed -- there need never be any slumps in
> > business. And so the Federal Reserve System was organized in 1913. It
> > consisted of twelve regional Federal Reserve banks nominally owned by
> > private bankers, but in fact government sponsored, controlled, and
> > supported. Credit extended by these banks is in practice (though not
> > legally) backed by the taxing power of the federal government.
> > Technically, we remained on the gold standard; individuals were still free
> > to own gold, and gold continued to be used as bank reserves. But now, in
> > addition to gold, credit extended by the Federal Reserve banks ("paper
> > reserves") could serve as legal

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NESARA letters from March 29th - April 4th, 2004
by Human wanting Peace • Monday April 05, 2004 at 12:27 PM

Why Independent White Knights are Needed for NESARA Announcement
> March 29, 2004 2:15 p.m. PST
>
> Hello Dear Friends and White Knights,
>
> In a few weeks, the Illuminati who own the Federal Reserve bank are hoping
> to receive billions of dollars from Americans' income taxes for 2003 as
> payment for the spurious Federal Reserve

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