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VIDEO --The GoldFish Report No. 107 Winston Shrout Explains Moving Towards a Two-Tiered Money System
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VIDEO --The GoldFish Report No. 107 Winston Shrout Explains Moving Towards a Two-Tiered Money System
by Ssmith Wed Jun 28, 2017 12:35 pm
TOWARD A TWO-TIER MONEY SYSTEM
AND MONEY CREATED FOR THE PRIVATE SIDE
Yep, we are still thinking and trying to advance toward a ‘spiritual awakening’ with money. I suppose we are stuck with that, at least for the time being. But it won’t always be so. Some us who do ‘forward thinking’ envision what the natural end will be as we evolve into a 5th dimensional world. It is the details and interim steps which give us the headaches.
It appears that most have worked their way logically through the Federal Reserve Note swamp, and are willing to consider something else. So, hopefully I don’t need to go back over that.
First of all, then, let’s do a bit of analysis of a two-tiered monetary system which we anticipate going into as we expect to be ushered into a ‘new’ republic form of government.
Previously, with the FRNs, we had both the government and the public using the same form of money. This created a natural competition for that money. And in that competition the government had a huge advantage through a variety of means. In essence, this in many ways turned us back into a two class society. If the government said that you could be rich, you became rich. If the government said you will be poor, then you were poor. And it seems that the middle class were that in name only as the government slowly but surely ground away at the middle class in an attempt to reduce it to the lower class.
What if there was no competition between the government and the people for money? Could that be accomplished if the government used one form of money, and the people used another form of money? Could the government carry on? Would the commerce between people even out? Would people treat one another on a different level knowing that as people we simply have to work things out, because the government is not a ‘silent third party’ to our transactions? Hmm.
Well we are going into a two-tiered monetary system in this country. And perhaps if we can successfully demonstrate the viability of that, then other countries might even adopt that same method.
Just for a historical moment here let’s look back at a two-tiered situation that might be profitable for examination. In former times, we had a division between commerce and trade. What the ‘king’ did was called commerce. What the merchants did was called trade, and as the word trade denotes, we are talking about ‘something for something’. The jurisdiction for the kings’ commerce was called the Admiralty. The jurisdiction for the trade of merchants was called Maritime. And both Admiralty and Maritime had their own court system to deal with any problems. But then as things went along, the merchants subrogated their system to the kings’ commerce when the merchants forsook their own monetary system and merged with the king. This destroyed the two-tiered monetary system which operated for so long. … and we see the results of that.
TIER ONE
Without going back over what I have presented so many times in the past about the military-backed interim government or what some refer to as the ‘New Republic’, let’s review the money associated with this NR.
Early in 2015 as the interim situation was moving into existence, there was an immediate concern … no money. And to complicate matters was the international monetary requirements of the Basel III agreements which, in essence, demanded that any national currency to viable for international trade, it had to be substance backed … in particular gold-backed.
To facilitate the NR, some of the Chinese elders gave the equivalent of $200B in gold bullion to the effort. So, with gold on hand so as to comply with international demand, the interim NR created a new currency called Treasury Reserve Notes. And they started to trade these TRNs on the currency markets in the summer of 2015 up to the present time I would imagine. At that point, the NR could start to interchange commercially internationally. What the volume or accounting for all of that is, is way beyond my knowledge … just that it happened and is happening.
But the TRNs are not for general use in the day to day commerce of people and businesses. It is totally government level money. Even though this new currency existed, the public was still using the faulty FRNs, and are up until the present time (or at least till now unless things change between this writing and the introduction of the new money which we expect to be introduced any day now).
TIER TWO
This reference to ‘tier two’ money means money that is for use not by government but by people and businesses. Basically, we are reversing history by putting the ‘king’ in one place/jurisdiction and the people and merchants in another place/jurisdiction because of the type of money used. And I will shortly point out how the two will have to interact for commercial viability as the merchant and manufacturers want to do International commerce.
What is proposed is the creation of United States Notes to be issued by the new US Treasury. And these USNs would be for exclusive use domestically.
I am sure that a lot of ‘old hands’ are going to immediately ask: are the USNs gold backed? I would answer yes and no. The ‘yes’ part I will go into shortly, but the ‘no’ part I will simply just ask: why would they need to be gold backed? If they are exclusive to domestic use, why would the USNs have to comply with the Basel III? If the USNs are only for domestic use and won’t be traded internationally then Basel III is not a consideration.
INTERFACE … the ‘yes’ from above.
So, what if ABC company wants to sell their widgets to China? The widgets were manufactured in the US. The materials to build the widgets were paid for with USNs. The workers who built the widgets were paid in USNs. So, how are these widgets going to end up with Chinese consumers if the widget is totally the results of USNs?
Here is where I envision the TRNs coming into play. The USN value would have to translated into TRN value for the international transaction. When the Chinese consumer pays for the widget, and the profit is sent back to the ABC company in the US, then from Chinese value to USN value, again there would have to be a formula in place using the TRN.
The volume of international trading of widgets would be only restricted by the availability for use/transfer by TRNs. Of course, once the transaction is completed, the TRN which was locked into that transaction would be immediately freed up for the next transaction … zero liability attached to the TRN upon ‘execution’ of the contract. And once the government gets an idea of how many TRNs are actually needed for the volume of international commerce, the government can simply create that amount of TRNs … no need for more. And hey, we have computers now which can figure this all out in micro-seconds.
With this model in place, is there any ceiling for the amount of USNs in use domestically? If the restriction to be gold-backed removed, then domestically there is no limit to the amount of USNs which could be put into circulation. Obviously then, within the US prosperity would not depend on the relative value of the TRN to other world’s currencies if the TRN is simply being used as a transfer agent for the values created by the use of the USNs.
In my estimation, this will create a consumer driven demand for “Made in the USA” to be on most of the products. Will that consumer driven demand bring prosperity to a failing economy? How long will it take to lift the US workers out of the dumping ground created by the international slave-labor products with which the US worker cannot compete? Will we see the ‘Mom and Pop’ operations spring back into existence. Will WalMart, Costco, and the like have to suffer a downsizing? Will the consumer demand better quality products rather than the cheap plastic imports?
CAVEAT
I am not an expert on economics. I am just a ‘survivor’ of a heretofore ‘forced down your throat whether you like it or not’ consumer. I drive a Chevy. I wear an ‘off the rack’ suit to funerals and weddings. I know relatively nothing about big business and manufacturing.
But … I do use a little bit of common sense, reason, and logic every once in a while. And I do see the real possibilities of this new two-tiered money system which we will shortly be in use of. My only complaint is … why has it taken so long to implement?
Will it happen the way I have lined it out here in this paper? I don’t know that it will or not. But I would think that if not exactly as I have outlined it, that at least something similar would be the only usable way to handle it.
But what do I know? I dropped out of college accounting class.
Winston Shrout
www.wssic.com
PS I hope my little exercise here in economics at least has had the effect to get the reader ‘thinking’. Maybe some have already considered what is written here. Others may not have even given this subject any thought at all. But it is upon us … now. And if what is handed to us is not to our liking … well that is why we are going to have a republic form of government.
And remember, the government employees right from the President down to the mail room clerk are going to be paid in … yep, you guessed it – USNs. So, it will be in the interest of us all to get this figured out and put into action.
AND MONEY CREATED FOR THE PRIVATE SIDE
Yep, we are still thinking and trying to advance toward a ‘spiritual awakening’ with money. I suppose we are stuck with that, at least for the time being. But it won’t always be so. Some us who do ‘forward thinking’ envision what the natural end will be as we evolve into a 5th dimensional world. It is the details and interim steps which give us the headaches.
It appears that most have worked their way logically through the Federal Reserve Note swamp, and are willing to consider something else. So, hopefully I don’t need to go back over that.
First of all, then, let’s do a bit of analysis of a two-tiered monetary system which we anticipate going into as we expect to be ushered into a ‘new’ republic form of government.
Previously, with the FRNs, we had both the government and the public using the same form of money. This created a natural competition for that money. And in that competition the government had a huge advantage through a variety of means. In essence, this in many ways turned us back into a two class society. If the government said that you could be rich, you became rich. If the government said you will be poor, then you were poor. And it seems that the middle class were that in name only as the government slowly but surely ground away at the middle class in an attempt to reduce it to the lower class.
What if there was no competition between the government and the people for money? Could that be accomplished if the government used one form of money, and the people used another form of money? Could the government carry on? Would the commerce between people even out? Would people treat one another on a different level knowing that as people we simply have to work things out, because the government is not a ‘silent third party’ to our transactions? Hmm.
Well we are going into a two-tiered monetary system in this country. And perhaps if we can successfully demonstrate the viability of that, then other countries might even adopt that same method.
Just for a historical moment here let’s look back at a two-tiered situation that might be profitable for examination. In former times, we had a division between commerce and trade. What the ‘king’ did was called commerce. What the merchants did was called trade, and as the word trade denotes, we are talking about ‘something for something’. The jurisdiction for the kings’ commerce was called the Admiralty. The jurisdiction for the trade of merchants was called Maritime. And both Admiralty and Maritime had their own court system to deal with any problems. But then as things went along, the merchants subrogated their system to the kings’ commerce when the merchants forsook their own monetary system and merged with the king. This destroyed the two-tiered monetary system which operated for so long. … and we see the results of that.
TIER ONE
Without going back over what I have presented so many times in the past about the military-backed interim government or what some refer to as the ‘New Republic’, let’s review the money associated with this NR.
Early in 2015 as the interim situation was moving into existence, there was an immediate concern … no money. And to complicate matters was the international monetary requirements of the Basel III agreements which, in essence, demanded that any national currency to viable for international trade, it had to be substance backed … in particular gold-backed.
To facilitate the NR, some of the Chinese elders gave the equivalent of $200B in gold bullion to the effort. So, with gold on hand so as to comply with international demand, the interim NR created a new currency called Treasury Reserve Notes. And they started to trade these TRNs on the currency markets in the summer of 2015 up to the present time I would imagine. At that point, the NR could start to interchange commercially internationally. What the volume or accounting for all of that is, is way beyond my knowledge … just that it happened and is happening.
But the TRNs are not for general use in the day to day commerce of people and businesses. It is totally government level money. Even though this new currency existed, the public was still using the faulty FRNs, and are up until the present time (or at least till now unless things change between this writing and the introduction of the new money which we expect to be introduced any day now).
TIER TWO
This reference to ‘tier two’ money means money that is for use not by government but by people and businesses. Basically, we are reversing history by putting the ‘king’ in one place/jurisdiction and the people and merchants in another place/jurisdiction because of the type of money used. And I will shortly point out how the two will have to interact for commercial viability as the merchant and manufacturers want to do International commerce.
What is proposed is the creation of United States Notes to be issued by the new US Treasury. And these USNs would be for exclusive use domestically.
I am sure that a lot of ‘old hands’ are going to immediately ask: are the USNs gold backed? I would answer yes and no. The ‘yes’ part I will go into shortly, but the ‘no’ part I will simply just ask: why would they need to be gold backed? If they are exclusive to domestic use, why would the USNs have to comply with the Basel III? If the USNs are only for domestic use and won’t be traded internationally then Basel III is not a consideration.
INTERFACE … the ‘yes’ from above.
So, what if ABC company wants to sell their widgets to China? The widgets were manufactured in the US. The materials to build the widgets were paid for with USNs. The workers who built the widgets were paid in USNs. So, how are these widgets going to end up with Chinese consumers if the widget is totally the results of USNs?
Here is where I envision the TRNs coming into play. The USN value would have to translated into TRN value for the international transaction. When the Chinese consumer pays for the widget, and the profit is sent back to the ABC company in the US, then from Chinese value to USN value, again there would have to be a formula in place using the TRN.
The volume of international trading of widgets would be only restricted by the availability for use/transfer by TRNs. Of course, once the transaction is completed, the TRN which was locked into that transaction would be immediately freed up for the next transaction … zero liability attached to the TRN upon ‘execution’ of the contract. And once the government gets an idea of how many TRNs are actually needed for the volume of international commerce, the government can simply create that amount of TRNs … no need for more. And hey, we have computers now which can figure this all out in micro-seconds.
With this model in place, is there any ceiling for the amount of USNs in use domestically? If the restriction to be gold-backed removed, then domestically there is no limit to the amount of USNs which could be put into circulation. Obviously then, within the US prosperity would not depend on the relative value of the TRN to other world’s currencies if the TRN is simply being used as a transfer agent for the values created by the use of the USNs.
In my estimation, this will create a consumer driven demand for “Made in the USA” to be on most of the products. Will that consumer driven demand bring prosperity to a failing economy? How long will it take to lift the US workers out of the dumping ground created by the international slave-labor products with which the US worker cannot compete? Will we see the ‘Mom and Pop’ operations spring back into existence. Will WalMart, Costco, and the like have to suffer a downsizing? Will the consumer demand better quality products rather than the cheap plastic imports?
CAVEAT
I am not an expert on economics. I am just a ‘survivor’ of a heretofore ‘forced down your throat whether you like it or not’ consumer. I drive a Chevy. I wear an ‘off the rack’ suit to funerals and weddings. I know relatively nothing about big business and manufacturing.
But … I do use a little bit of common sense, reason, and logic every once in a while. And I do see the real possibilities of this new two-tiered money system which we will shortly be in use of. My only complaint is … why has it taken so long to implement?
Will it happen the way I have lined it out here in this paper? I don’t know that it will or not. But I would think that if not exactly as I have outlined it, that at least something similar would be the only usable way to handle it.
But what do I know? I dropped out of college accounting class.
Winston Shrout
www.wssic.com
PS I hope my little exercise here in economics at least has had the effect to get the reader ‘thinking’. Maybe some have already considered what is written here. Others may not have even given this subject any thought at all. But it is upon us … now. And if what is handed to us is not to our liking … well that is why we are going to have a republic form of government.
And remember, the government employees right from the President down to the mail room clerk are going to be paid in … yep, you guessed it – USNs. So, it will be in the interest of us all to get this figured out and put into action.
*****************
>>>TNTBS's YouTube Channel<<<
Ssmith- GURU HUNTER
- Posts : 20495
Join date : 2012-04-10
Re: VIDEO --The GoldFish Report No. 107 Winston Shrout Explains Moving Towards a Two-Tiered Money System
by Ssmith Wed Jun 28, 2017 12:37 pm
Man who failed to pay taxes for 20 years found guilty on 19 federal charges
Updated on April 21, 2017 at 3:06 PM Posted on April 21, 2017 at 2:52 PM
By Maxine Bernstein
mbernstein@oregonian.com
The Oregonian/OregonLive
A federal jury Friday returned across-the board guilty verdicts against Winston Shrout, a prominent sovereign citizen charged with 13 counts of issuing fake financial documents to banks and the U.S. Treasury and six counts of willful failure to file tax returns from 2009 to 2014.
The jury foreman stood and read each guilty verdict for each of the 19 counts as Shrout watched from his seat at the defense table. Shrout displayed no expression.
He will be sentenced at 11 a.m. on Aug. 1.
U.S. District Judge Robert E. Jones polled each of the jurors to ensure the 12-member panel was unanimous in its findings. As the jury foreman began reading each of the verdicts, one juror teared up. A fellow juror reached out to hold her hand as the rest of the verdicts were announced.
The judge ordered Shrout to turn over his passport and restricted him from any travel outside of Oregon without prior court permission.
The jury deliberated for about five hours over two days following a three-day trial.
Government lawyers argued Shrout aimed to cheat the Treasury and banks, and preached his illegal schemes to hundreds of others in paid seminars across the country and abroad.
He purposely sent a package of 1,000 homemade International Bills of Exchange, each purporting to be a legal tender for a trillion dollars, to a small community bank in Chicago "hoping to slip one by an unsuspecting banker,'' U.S. Tax Division trial lawyer Scott Wexler told jurors.
Investigators found a copy of the U.S. Tax Code and the U.S. Department of Justice's criminal tax manual on Shrout's laptop computer, seized one night in the parking lot of The Grotto in Portland after he concluded a seminar there. The computer also contained an alert from the Office of the Comptroller of the Currency, cautioning banks and federal savings institutions to be on the lookout for the circulation of such fictitious financial documents, Wexler said.
Shrout was driven by "simple greed,'' Wexler told jurors during his closing argument. He earned a total of $562,224 from a carpentry pension, plus royalties and payments for his seminars, between 2009 and 2014, the years he failed to file tax returns, the prosecutor said.
"He intended to get and keep as much money as he could,'' Wexler said. "The defendant knew he didn't have legal authority to print legal tender of the United States from his home computer... The defendant didn't file his tax returns because he didn't want to.''
The 69-year-old took the stand in his own defense, claiming he was given authority to make the financial documents from the Office of International Treasury Control in order to help relieve debts from mortgage foreclosures. The office Shrout cited, though, is considered by the U.S. government a fraudulent organization that claims ties to the United Nations and the Federal Reserve.
His standby lawyer Ruben Iniguez stressed that "not a single penny was paid out or transacted by anyone'' as a result of the 13 fictitious documents Shrout sent. He argued that the government was simply out to "muzzle'' his client.
Shrout also testified that he hadn't paid taxes for about 20 years, joining what he estimated are about 65 million other people in what he called "tax avoidance.'' Iniguez, in his closing argument, argued that Shrout held a firm and sincere belief that he didn't have to pay taxes.
Shrout declined comment after the verdicts were announced.
Making, creating and issuing fictitious financial instruments is a felony. Each count could bring up to 25 years in prison, according to prosecutors. The failure to file tax returns is a misdemeanor punishable by up to one year in prison.
-- Maxine Bernstein
mbernstein@oregonian.com
503-221-8212
@maxoregonian
Updated on April 21, 2017 at 3:06 PM Posted on April 21, 2017 at 2:52 PM
By Maxine Bernstein
mbernstein@oregonian.com
The Oregonian/OregonLive
A federal jury Friday returned across-the board guilty verdicts against Winston Shrout, a prominent sovereign citizen charged with 13 counts of issuing fake financial documents to banks and the U.S. Treasury and six counts of willful failure to file tax returns from 2009 to 2014.
The jury foreman stood and read each guilty verdict for each of the 19 counts as Shrout watched from his seat at the defense table. Shrout displayed no expression.
He will be sentenced at 11 a.m. on Aug. 1.
U.S. District Judge Robert E. Jones polled each of the jurors to ensure the 12-member panel was unanimous in its findings. As the jury foreman began reading each of the verdicts, one juror teared up. A fellow juror reached out to hold her hand as the rest of the verdicts were announced.
The judge ordered Shrout to turn over his passport and restricted him from any travel outside of Oregon without prior court permission.
The jury deliberated for about five hours over two days following a three-day trial.
Government lawyers argued Shrout aimed to cheat the Treasury and banks, and preached his illegal schemes to hundreds of others in paid seminars across the country and abroad.
He purposely sent a package of 1,000 homemade International Bills of Exchange, each purporting to be a legal tender for a trillion dollars, to a small community bank in Chicago "hoping to slip one by an unsuspecting banker,'' U.S. Tax Division trial lawyer Scott Wexler told jurors.
Investigators found a copy of the U.S. Tax Code and the U.S. Department of Justice's criminal tax manual on Shrout's laptop computer, seized one night in the parking lot of The Grotto in Portland after he concluded a seminar there. The computer also contained an alert from the Office of the Comptroller of the Currency, cautioning banks and federal savings institutions to be on the lookout for the circulation of such fictitious financial documents, Wexler said.
Shrout was driven by "simple greed,'' Wexler told jurors during his closing argument. He earned a total of $562,224 from a carpentry pension, plus royalties and payments for his seminars, between 2009 and 2014, the years he failed to file tax returns, the prosecutor said.
"He intended to get and keep as much money as he could,'' Wexler said. "The defendant knew he didn't have legal authority to print legal tender of the United States from his home computer... The defendant didn't file his tax returns because he didn't want to.''
The 69-year-old took the stand in his own defense, claiming he was given authority to make the financial documents from the Office of International Treasury Control in order to help relieve debts from mortgage foreclosures. The office Shrout cited, though, is considered by the U.S. government a fraudulent organization that claims ties to the United Nations and the Federal Reserve.
His standby lawyer Ruben Iniguez stressed that "not a single penny was paid out or transacted by anyone'' as a result of the 13 fictitious documents Shrout sent. He argued that the government was simply out to "muzzle'' his client.
Shrout also testified that he hadn't paid taxes for about 20 years, joining what he estimated are about 65 million other people in what he called "tax avoidance.'' Iniguez, in his closing argument, argued that Shrout held a firm and sincere belief that he didn't have to pay taxes.
Shrout declined comment after the verdicts were announced.
Making, creating and issuing fictitious financial instruments is a felony. Each count could bring up to 25 years in prison, according to prosecutors. The failure to file tax returns is a misdemeanor punishable by up to one year in prison.
-- Maxine Bernstein
mbernstein@oregonian.com
503-221-8212
@maxoregonian
*****************
>>>TNTBS's YouTube Channel<<<
Ssmith- GURU HUNTER
- Posts : 20495
Join date : 2012-04-10
Re: VIDEO --The GoldFish Report No. 107 Winston Shrout Explains Moving Towards a Two-Tiered Money System
by Ponee Sat Jul 01, 2017 7:58 am
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Ponee- Admin
- Posts : 38267
Join date : 2011-08-09
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