AMERICA SEIZED WITH FEAR AND TREMBLING – AGAIN
Unbeknownst to the American people who are besieged with a fear and trembling over the falling stock market, the sub-prime credit crisis, the flooding in the Midwest, and the all-time high oil, gas and food prices, a much greater, more enduring and lasting evil is taking over the country through new regulations proposed by the U.S. Treasury Department. To give you a better understanding of the BIG picture, we will address it in three segments: (1) “America Seized with Fear and Trembling--Again” (2) “The Final Globalization of the U.S. Banking System by the Federal Reserve”, and (3) “How to Survive in a World Without Safety Nets.”
While covering global meetings I have observed over and over again that most of the “problems”, which arise, are often part of the agenda of whatever global meeting is being held at the time. During the past twelve months, beginning specifically the end of July, 2007, I started to understand that the sub-prime crisis had another side to it—the globalization of our entire financial structure. To understand what is at stake, we’ll review first two important changes to our Republic.
The first major change came in 1913 with the establishment of a new central bank; a private corporation we call the Federal Reserve, setup to control the financial, economic and monetary system of the United States, and run by a group of powerful financial opportunists. (It was Andrew Jackson who shutdown the second of the two original central banks, approved with limited charters by our Founding Fathers.) This is why we, the American people, cannot forgive ourselves the interest on our current the debt. We do not owe it to ourselves, but rather to our privately-owned Federal Reserve Corporation. Since its inception, the Federal Reserve charter has been amended more than 195 times, which included the passage of HR12, “The Banking Modernization Act.” According to the March 31, 2008 “Treasury Blueprint for a Modernized Financial Regulatory Structure,” the Fed is about to seize its final empowerment over the rest of the American banking and financial system. While the Blueprint states it will take years for all of this legislation to be put in place, Paulson gave a speech on June 19 to Women in Housing and Finance in which he stated, “[W]e must dramatically expand our attention to the fundamental needs of our system, and move much more quickly to update [the outdated nature of our financial regulatory] system.” Once this is finalized, the Congress of the United States of America become useless because their main purpose since 1913 has been to surrender to the Federal Reserve more and more powers over our economic and financial structure. In other words, what we are witnessing a complete take over of our economy by a private corporation!
The second series of major changes is called “globalization”. This is the tearing down of barriers between the nation-states. When Presidents Clinton and G.W. Bush along with England’s Prime Ministers Tony Blair and the current Prime Minister Gordon Brown, refer to “interdependence” they are speaking of the fact that there are no more economic, political, legal, trade, military, or intelligence barriers separating the nation-states. In 1944, a post-World War II economic conference was held in New Hampshire. “Bretton Woods”, dubbed after the conference hotel, birthed the first two international pieces, which now comprise an international/global world- government structure: the International Monetary Fund and the World Bank. Today on a regular basis, all the treasury secretaries of the world meet to resolve how to change their nation’s financial and economic laws to meld into an ever evolving international financial and economic world.
In 1945, the United Nations was founded in San Francisco. Today, all the foreign ministers of the UN meet to “keep the peace”. That is so laughable considering the fact that the UN is ready to sign off on its biggest peacekeeping budget, $7.3B, in their history. There are more wars now globally than at any other time in the history of the UN. They have failed miserably at keeping the peace. Primarily because there are those who only want the WHOLE PIECE and not PEACE as we think of it. The U.S. should not only withdraw from the United Nations but all of the related UN organizations. It should also be remembered that the Commonwealth of Nations, a special league of nations which pledge allegiance to the Queen of England operate within the UN and have the potential of 54 votes to our ONE vote.
As the trade barriers fell in 1994 it changed the entire structure of the world. No longer could the average American compete with his neighboring farmer, manufacturer, architect, or technician, but now would compete with ALL counterparts worldwide. The globalized workplace has affected many American industry workers. We cannot, with our higher standard of living, compete with the Chinese slave laborers. Buying cheaper cannot be better when it destroys the very backbone of the American dream.
In 1998, the foreign ministers of the world approved an International Criminal Court. For the first time since the Roman Empire, a global body now has the right to transcend national sovereignty in order to search, seize, arrest and deport an alleged international criminal. What else can I say? We are all terrorists until proven innocent.
In 2001, the final barriers between the nation-states came down when alleged terrorists attacked the World Trade Towers in New York City. My extensive research revealed very simply that if all the other barriers between states had already fallen, then the two most sensitive barriers still remaining had to be erased: the military and intelligence barriers. Currently we have two global militaries: the U.S. “Coalition of the Willing” and 90,000 United Nations peacekeepers. In regard to the UN, when they need more supplies, i.e., food, uniforms, guns, ammunition, tents, planes, boats, etc., they basically call on the countries of the world to ante up. Britain might supply uniforms while the U.S. provides military transport planes. In regard to the intelligence barriers, beginning as early at 1996, the G8 countries were working to establish a global intelligence gathering room where the CIA, Britain’s MI6, Russia’s KGB and other G8 intelligence agencies would work together to help maintain world peace and to track international terrorism. Today it is fully functional.
The various barriers, which once protected the citizens of each respective country, vanished as the IMF/World Bank, United Nations, World Trade Organization, International Criminal Court, etc. were set in place above the nation-state. Today and with the handover of the remaining parts of our financial structure by Congress, there are no safety nets to protect us. In other words, the big powerful money lords who rule the world—people like George Soros, the Rockefellers, European royal families, and the most powerful banking families–will be able to operate with impunity while the average American will be rendered helpless. Our Constitution will become nothing more than a piece of worthless paper because the power of Congress will be eliminated with the final sell-out of our economic system. Without national barriers to protect us, America is now part of a “level landscape”. As a result, when the powerful sell their investment positions, they can take their gains all at once, globally, instead of country by country.
Lastly, the fear and trembling is used as a tool to force people into change. The fear is created through a constant stream of negativity and used as a process. First the situation is created (Sept. 11) and then solved so that people think they are safe (Anti-terrorist Bill) when in fact, the wool has just been pulled over their eyes. Fear and trembling can also be associated with “creative destruction.” Our once great country, way of life, livelihood and future is being destroyed before our very eyes. We have a choice: to operate in fear or turn to faith.
“THE FINAL GLOBALIZATION OF THE U.S. BANKING SYSTEM BY THE FEDERAL RESERVE”
We live in a globalized world—a world without barriers or borders, which means every aspect of our economic structure has to change. A private corporation, we call the Federal Reserve, controls the majority of our monetary system. To understand the new set of powers being advanced by the U.S. Treasury Department to the Federal Reserve, we first must recognize that the Federal Reserve Act passed in 1913 never gave them (the Feds) total power over our economy.
To appreciate the importance of what is currently taking place, we must first realize that as a private corporation, the Federal Reserve is not required to make public who sits on their board of Directors nor who or what banks and corporations hold stock in their private company. Additionally, they are not required to publish an annual report, and I am told, they pay no taxes. So why is it that the American people cannot forgive themselves the interest on their debt? It is because it is owed to a private corporation!
The entire financial and business cycle of market highs and lows is controlled by how much money the Feds pump into or glean from the banking system. When they add money to the system, interest rates fall and the market rises and when they take money out of the system, interest rates rise and the stock market falls or corrects. In doing so, this private corporate structure allows for an elite group of people to literally buy low and sell high, thus transferring the wealth into their pockets while those who continue to hold take the “hit.”
The globalization of our financial system goes hand in hand with the need for a global stock exchange and global accounting system to harmonize the cross-border activities of transnational corporations and banks. To facilitate this process is the interdependence, or mutual dependence between countries, which came about as the barriers fell. With a globalized stock exchange, insurance system, and accounting system, we will need a GLOBAL REGULATORY SYSTEM to accommodate the changes from national to international. This will all fit in with recent calls for a global central bank.
In June 1999, then Treasury Secretary Robert Rubin said, “Reforming international financial institutions, strengthening the international financial architecture and maintaining open markets are not simply questions of economics but politics.” That same year, after a great deal of media and stock market hype and hysteria, Congress passed the “Banking Modernization Act” also known as the Gramm-Leach-Bliley Act of 1999 (GLB Act) which torn down all the protections that the 1933 Glass-Steagall Act had put in place, including the separating of commercial banking from investment banking, designed to protect the investor. The GLB Act allows for U.S. banks to become “financial conglomerates” meaning they can expand their services to sell insurance, stocks and bonds, as well as perform investment bank functions initially outlawed in 1933. Although the banking structure of other countries already had financial conglomerates, our system did not and had to be harmonized with their. This is why we have non-American names like AXA, Deutsche Bank, ABN, etc.
According to my analysis of the various activities, which are now referred to as the sub-prime crisis, the mortgage crisis, and the world liquidity crisis, our financial system, which reflects the last vestiges of national sovereignty, must be changed. The recent proposal by the Treasury Department called “Blueprint for a Modernized Financial Regulatory Structure” is being touted as the antidote for our sick economy.
When the Blueprint was published at the end of March the stock market recovered for a week or two, but now there is a new and constant stream of market hype with some hysteria to ensure that all of its proposals are implemented as soon as possible. On July 10, history will take place when the U.S. Secretary of the Treasury, Hank Paulson (who’s roots are in Wall Street) and Federal Reserve Chairman Ben Bernanke sit on the SAME panel to testify before Congress. At that time they will provide enough data to secure the Blueprint’s immediate passage. Until Congress assures these financial tyrants of its passage, the stock market will continue to drop as a warning to their all encompassing power; then miraculously the stock market will have one if its largest rallies to commemorate victory. As an international reporter, this is a pattern I have observed time and time again since 1994.
The Blueprint states “Foreign economies are maturing into market-based economies, contributing to global economic growth and stability and providing deep and liquid sources of capital outside the United States. The increasing interconnectedness of the global capital markets poses new challenges: an event in one jurisdiction may ripple through to other jurisdictions. The convergence of financial services providers [the Banking Modernization Act] and financial products has increased over the past decade. Financial intermediaries and trading platforms are converging. Financial products may have insurance, banking, securities, and futures components” (emphasis added). The Blueprint constitutes the final take-over by the Federal Reserve of our nation’s economy.
The Blueprint recommends changing the banking charter to include all financial institutions, thus effectively transferring, control over “national banks, federal savings associations, and federal [and state] credit union charters, and be available to all corporate forms, including stock, mutual and ownership structures.” While the Fed was originally given power over the banking system, they were not given power over savings and loans, state chartered banks, or credit unions.
To give you a sense of the immense transfer of wealth that is taking place, understand that the U.S. insurers hold $6T in assets, the U.S. banking sector holds $12.6T, and the U.S. securities sector holds $12.4T, for a total of $31T in assets. Are you seeing what they see? Dollar signs and control—control of our financial future, control of where we can live, and control of how we will live. In Medieval times this was called feudalism.
Moreover, the Feds are to be given authority over the U.S. Payment and Settlement System thereby controlling the settlement process for securities, which is the three-day waiting period for the processing of payment, proper paper documentation and titling of the shares.
It is further stated that the Fed be given the role of Market Stability Regulator. This is highly unprecedented. By doing so, the Fed will have total control over what happens in the market; not just the amount of liquidity they funnel in and channel out. The Blueprint states the Fed should be given responsibility to: gather appropriate information, disclose information, collaborate with other regulators [international] on rule writing and take corrective actions when necessary in the “interest of overall financial market stability”. “This new role would replace its traditional role as a supervisor of certain banks and all bank holding companies. The Fed’s responsibilities would be broad, important and difficult to undertake.”
As our country is being federalized the rights of the individual states are also in the process of being eroded and reduced. In order to allow for America’s independence from a king who had total control, our Forefathers set up our country’s structure to allow the power of government to reside at the state level. It was the state that would provide services for its citizenry. Over the years, there has been a major transfer of powers from the state to the federal level.
The Blueprint also provides for the entire mortgage system of the U.S. to be federalized. This is as a result of the sub-prime crisis which appears to be an event that just happens to fit into the changes our national system needs in order to be globalized. The establishment of a new federal commission, The Mortgage Origination Commission, and its director would chair representatives from the Federal Reserve, the Office of the Comptroller of the Currency, the Office of Thrift Supervision, the Federal Deposit Insurance Corporation (FDIC), the National Credit Union Administration and the Conference of States Bank Supervisors. Among some of the changes in responsibility, the Blueprint states that the Feds “enforcement authority for federal laws should be clarified and enhanced.” To understand how much their control is expanding, total mortgages outstanding, according to the 2006 U.S. Census, grew from $8,364B in 2002 to $13,306B in 2006, an increase of 59%!
Additionally, the Fed will be given a say in the insurance industry. For the past 135 years, the States have regulated all types of insurance with little involvement from the federal level of government. The Blueprint provides for the establishment of an Office of National Insurance within Treasury to regulate those engaged in the business of insurance and for Congress to establish an Office of Insurance Oversight to address international regulatory issues. Essentially, in a globalized world what is then needed is a world central bank. Could the Fed be a world central bank or will all of the individual central banks merge to become the “global central bank”? If that is the case then the Bank for International Settlements is a world (global) central bank and the Fed is a global-regional bank.
Lastly, if we are going to live in a globalized world with a global stock exchange, a global central bank, a global tax, a global currency, and a global regulatory system, then we need a Global Commodities Regulator.
As recent as last week, it was reported in The Wall Street Journal that in order for the investment banks to be bailed out, the only place they can go is to buy commercial banks that have strong balance sheets, deposits, and the assets they will need to improve their financial situation. This will bring our entire financial system to a pre-1929 state in a globalized world. Glass and Steagall will spin in their graves!
Once the last vestiges of American financial sovereignty are transferred to this private corporation, Congress becomes obsolete and useless. Up until this time, they were needed to help approve the various incremental transfers of financial sovereignty. Now, they will not be needed and if they think they have any power, they will find that they gave it all away. How pathetic of them, they should all be hanged for treason.
As for you and me, all of the safety nets that once protected our freedoms and sovereignty as a product of local, county, state and federal government are in effect gone. We are now left to fend for ourselves in a country where the American government has abandoned their responsibility to “We the People.” So that we may survive, we will need to don our own lifejacket—one of faith in the God who rules over the affairs of men.
“How to Survive in a World Without Safety Nets”
The question put before us is one that America has not had to deal with since our fore founders broke away from England over 232 years ago. At that time, they needed to decide how to rid themselves of a ruling tyrant and replace their oppression with a form of government that offered total freedoms for its people. They succeeded for a little while, but our American history is spotted with greed through the opening, closing and reopening of a central bank. Given our current events, we are now being thrust into a new frontier.
Super-sized “big brother” is watching. Every part of our lifestyle is being examined, whether we know it or not. Supermarket cards track our buying activity, credit and debt cards track our spending habits, video cameras are tracking every movement we make. We are safe from no one. Is lead paint truly outlawed because of small children chewing on it and becoming sick, or is it because their satellites cannot see into our homes through lead painted walls? Sustainability is not for us, it is for them.
When God created the earth, do you think He did so without ensuring the needs for all generations? Have we become so dumb-down that we would believe our natural resources, food, and all forms of sustainability are running out and there will be nothing left for future generations? Evidently the greediness of the evil men who are plotting and hoarding do. They believe their own lies. It is sad they don’t know the Almighty God who has promised to supply all our needs. Our fore fathers did:
President James Madison said, “History records that the money changers have used every form of abuse, intrigue, deceit, and violent means possible to maintain their control over governments [central banking] by controlling money and its issuance.”
President Andrew Jackson said, “You are a den of vipers and thieves. I intend to rout you out, and by the Eternal God, I will rout you out…if people only understood the rank injustice of the money and banking system, there would be a revolution by morning.”
President Thomas Jefferson said, “If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks…will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered… The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.”
Not until 1913 when President Woodrow Wilson signed into law the Federal Reserve System was our country doomed. This is the private bank President Jefferson warned us about.
All the support systems protecting our freedoms are presently being torn down through our financial sector. Soon we will be totally chained to the whims of powerful overlords who have the ability to jolt our economy whenever we get out of line. This is all reminiscent of how the slave traders chained their African human cargo to the bow of the ship so that the captured men, women and children could not escape or throw themselves overboard (See The Queen’s Slave Trader by Nick Hazelwood). President Jefferson knew this.
They may not have had a choice, but we do. To enable us on how best to live in such a world will require physical, financial, and spiritual adjustments.
The first step is to sift and weigh which comforts are necessities. This usually becomes apparent when there is the loss of a job. Suddenly you are faced with trying to make ends meet because the money is no longer there. Most Americans have been living well above their means because life was good and they believed the lies of the credit card companies who promised to make their lives even better. All outstanding debt needs to be eliminated, and can be with determination.
Transfer the higher interest balances to a lower interest card. Pay the minimum on the larger balance cards while paying as much as possible on the smaller balance cards. As the smaller balance cards are paid off, apply that amount, in addition, to what you are currently paying on the next larger balance card and so on. Depending on your situation it may be wise to borrow against a 401K or withdraw from an IRA to eliminate the debt. It is not easy but it can be done, and for goodness sake cut up all credit cards and live within your means. My parents never owned a credit card. Their belief was if they did not have the cash to pay for it they did not need it right then and there.
To help with eliminating debt, make two lists, one of comforts and one of necessities. This will help you in deciding which expenses are a must and which are not. We have so much become creatures of comforts that just when we think we cannot live without Cable-TV we find that we would prefer to eat, so that cable is no longer a necessity. We need to seriously examine every corner of our lifestyle and habits. If you eat out five times a week, cut it back to once; if you are paying an extra charge to have text messaging and internet on your cell phone, eliminate it; if you can’t afford your mortgage, sell the house and buy one you can afford. Every little bit helps and will make all the difference when its crunch time.
It is very important to remember that the establishing of our once great country was based on the trust our forefathers had in the Almighty God. Their reliance was not on themselves but rather in their faith that God would provide all their needs. Because of their faith, America thrived and became a great nation, finding favor with God. If Americans would once again revert so that we rely not on our government, jobs or ourselves, but rather the provisions which are ours as a result of us moving from fear to faith in a personal relationship with God through His Son Jesus the Messiah, then we will again find favor with God.
As I have studied world history and the Biblical principles found in both the Old and New Testaments, I believe globalization is a political and economic cancer, eating at all of the foundations of society, while stripping away the rights of the average citizen in favor of those who control the economics of a country via political consent obtained from high places. This type of cancer is far more lethal than any bullet could be for it is the tool of evil men in their quest for world government control. As it spreads, it becomes the disease of all absolutes that good government put into place. Where do we go? What do we do? Who do we turn to? The only real answer is God the Father, God the Son Jesus, and God the Holy Spirit. The reason for why we have lost our financial, political and economic sovereignty is because we, individually and as a country, stopped seeking God’s face
We see in the Old Testament how the children of Israel lived as slaves under the pharaohs of Egypt. Only when they humbled themselves and prayed for a deliverer did God send Moses. Pharaoh, believing his own lie that he was impervious, challenged God’s authority, and when he was forced to acknowledge that the power of God was omnipotent did he give his consent for the Israelites to leave.
In the wilderness the Israelites sinned various times, causing God to punish them on each occasion. Because of their murmuring, God made them to wander for 40 years until the generation who murmured died off. After they entered the Promised Land, they were told to take it through conquest: the children of the Living God went up against the pagan’s. As long as the Israelites stayed in a right relationship with God, they overcame, but when they reverted back to their own way, they again became slaves.
The Bible is replete with this pattern, beginning in the Garden of Eden where Satan used deceit, deception and distortion to take away the authority that God had given to Adam. Because of Adam and Eve’s sin, God needed to find a way to redeem man from the curse of sin, which accompanied their fall. In the Old Testament man’s redemption was through animal sacrifices, but in the fullness of time, God sent His Son Jesus to be crucified for all the sins of the world.
Let us remember that Jesus was born in the midst of the evil, control and slavery of the first world government, the Roman Empire. Jesus came to give us life and to show us another way to live in times of adversity; through the Spiritual power found in a personal relationship with Him. I am not talking about religion I am talking about sustainability through a personal faith in Jesus, the Messiah. For those who have a once in a while reliance on God, the time is coming that will demand total dependence on Him.
A year ago I was diagnosed with metastasis breast cancer. Because it had spread from the breast into the lymph nodes and spine I was told my cancer was in a stage four. My whole world began to cave in. But through my adversity God had a more excellent plan for me. He showed me there are many things that can cause cancer and other illnesses. I was not eating nutritious foods, thereby depriving my body of important nutrients to keep it strong. I worked 24-7 thinking I was a “Wonder Woman,” and thereby depleted my body and immune system. I was forced to come face to face with the emotional toxins that were poisoning my body through a bitterness I was not aware of. Lastly, I found I did not like myself, something I carried from childhood, and thus recognized this to be self-hatred.
Bitterness is the end-result of anger. Anger accumulates when you harbor ill-feelings and do not forgive and let go. The Bible addresses bitterness and anger extensively. The cancer was God’s mercy to me. It was the wake-up call of a lifetime as I had to face myself. Ps. 51:17 says that the “sacrifices of God are a broken and contrite heart.” The Cross is where we exchange our bitterness and anger, for peace, and joy, found only in Jesus. This is truth. Once I started to forgive myself, I could forgive others. God heard my cry in November, 2007 and provided a measure of strength to a body that could not go on. In that moment of confession, He took away all the pain in my spine, which was from the cancer affecting the bones. That’s Jesus. At every moment of my journey to wellness, He has provided answers, direction, and life. I am content spiritually, physically, mentally, and emotionally.
In a world without safety nets it no longer matters what kind of problems we are confronted with: high inflation, the high cost of living, joblessness, sickness, despair, divorce, or the evil men who control the world. It is God who delivers and provides, who sits on the edge of the world (Isa. 40:20-31). It is for us to embrace His promises. The Bible is very clear about one thing, if you seek God with all your heart, you will find Him.