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The Day of Reckoning 23rd October
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The Day of Reckoning 23rd October
I found this on another site, posted by Rocketman, well worth the read.
Martin D. Weiss Ph.D. | Monday, October 17, 2011
This coming Sunday, October 23, will go down in history as one of the most important days of the 21st century.
On that day, the leaders of 27 European countries will meet. They will announce a new master plan to save Europe. And then they will pray.
If their plan is not good enough, U.S. Treasury Secretary Timothy Geithner warns that Europe — and the entire world — could face “cascading default,” “bank runs,” and “catastrophic risk.”
Polish Finance Minister Jacek Rostowski says the euro-zone crisis is already suffering “a run on the sovereigns” — a mass exodus by investors from sovereign bonds.
French President Nicolas Sarkozy and German Chancellor Angela Merkel also openly admit the vast challenges they face. They know they have just six days left. And they know that before their time is up, they must find a way to …
• put Greece out of its misery with an “orderly default” …
• expand the firepower of Europe’s bailout fund for Spain, Italy and other European countries on a collision course with default, and …
• pump massive amounts of capital into European megabanks on the brink of collapse.
On October 23, Europe’s leaders hope they can do ALL this in one fell swoop.
But don’t be fooled!
Any New European Rescue Plan, No Matter How Big and Bold, Is Bound Cause an Even Greater Debt Catastrophe
Here’s why …
First, they’re running out of time! The crisis is already too far gone — Greek bonds trading at 40 cents on the dollar, Spain and Italy in a death spiral, and massive damage to the continent’s megabanks already done.
They can’t turn back the clock. And they’re nearly out of time.
Second, not enough money! The PIIGS countries alone have over $4 trillion in debts, much of which they’ll never be able to repay. And Europe’s troubled banks have far more.
This leaves a gaping hole that’s so large, even the richest countries in the world could not possibly fill it without gutting their own finances.
In fact, European leaders are trying so desperately to figure out where to get all that money, they’ve even asked emerging market countries to chip in.
Third, no way to stop a vicious cycle already in motion! Before they can get a dime of bailout money, the PIIGS countries must promise to drastically reduce their budget deficits.
Result: They’re forced to cut their government spending, crush their economy, kill their corporate profits, drive down their tax revenues, and, in the end, create even larger deficits.
This is why Greece is sinking so fast. And this is why, despite its Draconian austerity measures, Greece’s deficit for the first nine months of 2011 actually GREW to 19.2 billion euros, compared to 16.65 billion euros last year.
And this is also why we’re seeing similar vicious cycles in nearly every borrower that may need a bailout — not just banks but entire nations … not merely countries like Greece and Portugal, but also far larger economies like Spain and Italy … not just PIIGS countries, but also countries in Eastern Europe and elsewhere.
Fourth, expect many more credit downgrades!
As I showed you here last week, the countries and institutions downgraded by the major credit agencies in the last two weeks alone have $7.3 trillion in debts outstanding (see chart below).
Countries and Institutions Downgraded in
Past Two Weeks Alone Have At Least
$7.3 Trillion in Total Debts Outstanding
But the most shocking news about this crisis is not how often banks and governments have already been downgraded … it’s how many MORE deep downgrades are now on the way!
How do we know?
Because the credit agencies themselves have warned that most of the downgraded countries are now on the chopping block for still more rating cuts.
Because the government bonds of countries like Spain and Italy are already trading at prices that imply far lower ratings.
And because the cost of insuring those bonds against default has already surged to levels that also signal far lower ratings.
Moody’s itself admits that these kinds of market indicators can often warn you about coming troubles far sooner than their own ratings!
Hard to believe?
Then look at this chart from Moody’s Analytics (October 6) on the company’s sovereign debt ratings of Greece. (I’ve added the titles, but the underlying chart is from Moody’s.)
The analysts at Moody’s Analytics have plotted Greek bond prices on a scale that reflects the implied rating bond investors are assuming (the green line in the chart).
Plus, they’ve done the same for default insurance premiums on Greek debt (brown line).
Well, guess what! This chart shows that …
1.) Bond investors first “downgraded” Greek debt in a big way back in the fall of 2008.
2.) Default insurance traders followed with their big “downgrade” about a year later, toward the end of 2009.
3.) Moody’s itself didn’t announce its first major downgrade until the late summer of 2010 — nearly two years after the bond markets.
4.) And it wasn’t until this summer — nearly THREE YEARS after the first bond market signal — that Moody’s finally caught up with reality, downgrading Greece to Ca.
We’ve seen a similar pattern of falling behind reality at S&P and Fitch … with their ratings on countries, banks, big manufacturing companies, municipal bond insurers and many more. (For the evidence, see the case studies in my article of May 10, 2010.)
The lessons to be learned: When countries, banks, or any other borrower is in a death spiral …
• Moody’s and the other major rating agencies rarely give an advance warning. Instead, they lag far behind the markets.
• Eventually, they catch up with reality. Unfortunately, however, by that time, the debt is already a disaster zone and most investors have already suffered massive losses.
• If you see a country’s bond prices plunge in the open market, it can be a reliable early indicator of surging default risk.
• And if you see default insurance premiums following a similar pattern, it can be a very reliable confirming indicator. That’s why we report regularly on both here in Money and Markets.
Bottom line: These danger signs are exactly what we’ve been telling you about each week for countries like Spain, Italy, Belgium, France and EVEN GERMANY!
Why is this so important? For one simple reason:
The bigger the rescue package announced on October 23, the bigger the damage to the finances — and to the credit ratings — of the countries that must finance the rescue!
And the more their credit ratings fall, the more expensive it will be for them to raise the money.
Ultimately, even the rescuers will need a bailout of their own, but none will be forthcoming.
This is why the cost of default insurance for France and Germany is now indicating a far higher default risk than it did even during the debt crisis of 2008-2009.
This is why the bonds of most European governments have been plunging in spite — or even because — of the tall promises we’ve been hearing in recent days.
And this, my friend, is why even the “mother of all bailouts” — or whatever is announced on October 23 — cannot, I repeat CANNOT, save Europe or the euro!
Yes, politicians may persuade some folks that they’ve “finally put this crisis to rest,” as they’ve done so many times before.
And yes, Wall Street may rejoice temporarily, as they’ve also done many times before.
But that’s not the same as stability. It’s not even enough to kick the can down the road. Quite the contrary, with both Europe and the U.S. now caught in a great debt trap, all the evidence indicates that the fanfare and hoopla are nothing more than a set-up for the next major collapse.
My recommendations:
Step 1. Consider any stock market rally — in anticipation of, or in reaction to, the October 23 Europe rescue package — a trap to avoid.
Step 2. Use any such rallies as opportunities to SELL your most vulnerable shares.
Step 3. To help determine which of your stocks are likely to be the most vulnerable, use our Weiss Watchdog. You can access it from the menu bar at the top of www.moneyandmarkets.com or you can point your browser to www.weisswatchdog.com.
Step 4. Also use Weiss Watchdog to check the safety of your bank, credit union or insurance company.
Step 5. Once the bulk of your money is secure, think seriously about seeking the massive profit opportunities that can be created by precisely this kind of crisis.
Good luck and God bless!
Martin
Dr. Weiss founded Weiss Research in 1971 and has dedicated the past 40 years to helping millions of average investors find truly safe havens and investments.
He is president of Weiss Ratings, the nation’s leading independent rating agency accepting no fees from rated companies. And he is the chairman of the Sound Dollar Committee, originally founded by his father in 1959 to help President Dwight D. Eisenhower balance the federal budget. His last three books have all been New York Times Bestsellers and his most recent title is The Ultimate Money Guide for Bubbles, Busts, Recesssion and Depression.
http://www.moneyandm...reckoning-47690
Martin D. Weiss Ph.D. | Monday, October 17, 2011
This coming Sunday, October 23, will go down in history as one of the most important days of the 21st century.
On that day, the leaders of 27 European countries will meet. They will announce a new master plan to save Europe. And then they will pray.
If their plan is not good enough, U.S. Treasury Secretary Timothy Geithner warns that Europe — and the entire world — could face “cascading default,” “bank runs,” and “catastrophic risk.”
Polish Finance Minister Jacek Rostowski says the euro-zone crisis is already suffering “a run on the sovereigns” — a mass exodus by investors from sovereign bonds.
French President Nicolas Sarkozy and German Chancellor Angela Merkel also openly admit the vast challenges they face. They know they have just six days left. And they know that before their time is up, they must find a way to …
• put Greece out of its misery with an “orderly default” …
• expand the firepower of Europe’s bailout fund for Spain, Italy and other European countries on a collision course with default, and …
• pump massive amounts of capital into European megabanks on the brink of collapse.
On October 23, Europe’s leaders hope they can do ALL this in one fell swoop.
But don’t be fooled!
Any New European Rescue Plan, No Matter How Big and Bold, Is Bound Cause an Even Greater Debt Catastrophe
Here’s why …
First, they’re running out of time! The crisis is already too far gone — Greek bonds trading at 40 cents on the dollar, Spain and Italy in a death spiral, and massive damage to the continent’s megabanks already done.
They can’t turn back the clock. And they’re nearly out of time.
Second, not enough money! The PIIGS countries alone have over $4 trillion in debts, much of which they’ll never be able to repay. And Europe’s troubled banks have far more.
This leaves a gaping hole that’s so large, even the richest countries in the world could not possibly fill it without gutting their own finances.
In fact, European leaders are trying so desperately to figure out where to get all that money, they’ve even asked emerging market countries to chip in.
Third, no way to stop a vicious cycle already in motion! Before they can get a dime of bailout money, the PIIGS countries must promise to drastically reduce their budget deficits.
Result: They’re forced to cut their government spending, crush their economy, kill their corporate profits, drive down their tax revenues, and, in the end, create even larger deficits.
This is why Greece is sinking so fast. And this is why, despite its Draconian austerity measures, Greece’s deficit for the first nine months of 2011 actually GREW to 19.2 billion euros, compared to 16.65 billion euros last year.
And this is also why we’re seeing similar vicious cycles in nearly every borrower that may need a bailout — not just banks but entire nations … not merely countries like Greece and Portugal, but also far larger economies like Spain and Italy … not just PIIGS countries, but also countries in Eastern Europe and elsewhere.
Fourth, expect many more credit downgrades!
As I showed you here last week, the countries and institutions downgraded by the major credit agencies in the last two weeks alone have $7.3 trillion in debts outstanding (see chart below).
Countries and Institutions Downgraded in
Past Two Weeks Alone Have At Least
$7.3 Trillion in Total Debts Outstanding
But the most shocking news about this crisis is not how often banks and governments have already been downgraded … it’s how many MORE deep downgrades are now on the way!
How do we know?
Because the credit agencies themselves have warned that most of the downgraded countries are now on the chopping block for still more rating cuts.
Because the government bonds of countries like Spain and Italy are already trading at prices that imply far lower ratings.
And because the cost of insuring those bonds against default has already surged to levels that also signal far lower ratings.
Moody’s itself admits that these kinds of market indicators can often warn you about coming troubles far sooner than their own ratings!
Hard to believe?
Then look at this chart from Moody’s Analytics (October 6) on the company’s sovereign debt ratings of Greece. (I’ve added the titles, but the underlying chart is from Moody’s.)
The analysts at Moody’s Analytics have plotted Greek bond prices on a scale that reflects the implied rating bond investors are assuming (the green line in the chart).
Plus, they’ve done the same for default insurance premiums on Greek debt (brown line).
Well, guess what! This chart shows that …
1.) Bond investors first “downgraded” Greek debt in a big way back in the fall of 2008.
2.) Default insurance traders followed with their big “downgrade” about a year later, toward the end of 2009.
3.) Moody’s itself didn’t announce its first major downgrade until the late summer of 2010 — nearly two years after the bond markets.
4.) And it wasn’t until this summer — nearly THREE YEARS after the first bond market signal — that Moody’s finally caught up with reality, downgrading Greece to Ca.
We’ve seen a similar pattern of falling behind reality at S&P and Fitch … with their ratings on countries, banks, big manufacturing companies, municipal bond insurers and many more. (For the evidence, see the case studies in my article of May 10, 2010.)
The lessons to be learned: When countries, banks, or any other borrower is in a death spiral …
• Moody’s and the other major rating agencies rarely give an advance warning. Instead, they lag far behind the markets.
• Eventually, they catch up with reality. Unfortunately, however, by that time, the debt is already a disaster zone and most investors have already suffered massive losses.
• If you see a country’s bond prices plunge in the open market, it can be a reliable early indicator of surging default risk.
• And if you see default insurance premiums following a similar pattern, it can be a very reliable confirming indicator. That’s why we report regularly on both here in Money and Markets.
Bottom line: These danger signs are exactly what we’ve been telling you about each week for countries like Spain, Italy, Belgium, France and EVEN GERMANY!
Why is this so important? For one simple reason:
The bigger the rescue package announced on October 23, the bigger the damage to the finances — and to the credit ratings — of the countries that must finance the rescue!
And the more their credit ratings fall, the more expensive it will be for them to raise the money.
Ultimately, even the rescuers will need a bailout of their own, but none will be forthcoming.
This is why the cost of default insurance for France and Germany is now indicating a far higher default risk than it did even during the debt crisis of 2008-2009.
This is why the bonds of most European governments have been plunging in spite — or even because — of the tall promises we’ve been hearing in recent days.
And this, my friend, is why even the “mother of all bailouts” — or whatever is announced on October 23 — cannot, I repeat CANNOT, save Europe or the euro!
Yes, politicians may persuade some folks that they’ve “finally put this crisis to rest,” as they’ve done so many times before.
And yes, Wall Street may rejoice temporarily, as they’ve also done many times before.
But that’s not the same as stability. It’s not even enough to kick the can down the road. Quite the contrary, with both Europe and the U.S. now caught in a great debt trap, all the evidence indicates that the fanfare and hoopla are nothing more than a set-up for the next major collapse.
My recommendations:
Step 1. Consider any stock market rally — in anticipation of, or in reaction to, the October 23 Europe rescue package — a trap to avoid.
Step 2. Use any such rallies as opportunities to SELL your most vulnerable shares.
Step 3. To help determine which of your stocks are likely to be the most vulnerable, use our Weiss Watchdog. You can access it from the menu bar at the top of www.moneyandmarkets.com or you can point your browser to www.weisswatchdog.com.
Step 4. Also use Weiss Watchdog to check the safety of your bank, credit union or insurance company.
Step 5. Once the bulk of your money is secure, think seriously about seeking the massive profit opportunities that can be created by precisely this kind of crisis.
Good luck and God bless!
Martin
Dr. Weiss founded Weiss Research in 1971 and has dedicated the past 40 years to helping millions of average investors find truly safe havens and investments.
He is president of Weiss Ratings, the nation’s leading independent rating agency accepting no fees from rated companies. And he is the chairman of the Sound Dollar Committee, originally founded by his father in 1959 to help President Dwight D. Eisenhower balance the federal budget. His last three books have all been New York Times Bestsellers and his most recent title is The Ultimate Money Guide for Bubbles, Busts, Recesssion and Depression.
http://www.moneyandm...reckoning-47690
ruthie23- Forum Fanatic
- Posts : 165
Join date : 2011-08-11
Re: The Day of Reckoning 23rd October
this is what entitlements and fiat currencies do at its best, implode on themselves. And when they implode the only people who benefit is the 12 world banksters, by taking the collateral. Banksters, get a rope.
Guest- Guest
Re: The Day of Reckoning 23rd October
Time to do it God's way. Declare JUBILEE and instantly, EVERYONE is debt free! :cheers:
gmahunni- Elite Member
- Posts : 360
Join date : 2011-06-18
Age : 54
Re: The Day of Reckoning 23rd October
Well here we go again, Yet ANOTHER SUMMIT prediction. Let's see. Since 2008, there have been at least FIVE G20 Summits, and every single time, we hear the NEW PREDICTIONS that THIS summit will meet and the RV in IQD will save the world. In the meantime, Iceland, Greece, Italy, USA have all gone bankrupt. The IMF is running out of money funds, FEMA broke, America alone suffering, YET, in Iraq, they are building, building, building. SPORTS CITIES in Basra, Stadiums to host World Cup matches in 2013, Kurdistan is building a city, roads, MALLS, with Bally Swiss Leather shops and the list goes on and on. Hmm? We must be missing something.
*****************
Jesus IS Lord! Jesus said, Marvel not that I said you MUST be Born Again--Jn.3;3-8
Re: The Day of Reckoning 23rd October
I never link any of the summits with Iraq, especially when they are specifically about Europe.
This is just purely a General news article, which is why it was posted out of the Iraq Forum.
I am not really sure that most Americans have any idea of the impact of the cataclysmic fall out if the Euro goes into free fall.
As a British citizen with interests in France, on the one hand I am glad that GB kept the pound, but fear for Europe enormously.
This is just purely a General news article, which is why it was posted out of the Iraq Forum.
I am not really sure that most Americans have any idea of the impact of the cataclysmic fall out if the Euro goes into free fall.
As a British citizen with interests in France, on the one hand I am glad that GB kept the pound, but fear for Europe enormously.
ruthie23- Forum Fanatic
- Posts : 165
Join date : 2011-08-11
Re: The Day of Reckoning 23rd October
Does any of the above have anything to do with IRAQ and our INVESTMENT/the RV?
Guest- Guest
Re: The Day of Reckoning 23rd October
Yep I agree, the center of power has to be close to the people they govern. Thus national sovereignty, states rights, and strong local governments need to be promoted. The English establishment stayed away from the Euro and kept the pound because it knows what can happen when foreign powers control monetary policy of another country (mainly because thats how Britain crippled most of the world). Hope we in America don't succumb to this form of monetary hegemony. Restore the dollar by ending the fed.
*****************
RON PAUL 2012
"People want to see real hope restored, not false hope hyped up!" ---Me
"I either want less corruption, or more chance to participate in it."---Dinar Pumpers
openmind- Elite Member
- Posts : 2901
Join date : 2011-07-09
Re: The Day of Reckoning 23rd October
[b]openmind[/b] wrote:Yep I agree, the center of power has to be close to the people they govern. Thus national sovereignty, states rights, and strong local governments need to be promoted.
No one is sovereign, no one has any rights as a slave considered incompetent "Chattel Property" - They just throw words around to make everyone think that anything is sovereign, or anyone is free to keep you "chasing the carrot of the promise of love", when they know you will never actually have any of that love of any substance.
The English establishment stayed away from the Euro and kept the pound because it knows what can happen when foreign powers control monetary policy of another country (mainly because thats how Britain crippled most of the world).
Hope we in America don't succumb to this form of monetary hegemony. Restore the dollar by ending the fed.
History: - In 1933 under FDR the US filed bankruptcy to the British Royal Crown. The Corporate Fiction US government is the "Administrator" of that bankruptcy of 1933. Included in that bankruptcy pledge was EVERY MAN, WOMAN, CHILD AND ALL OF THE PROPERTY OF THE US - THE 1933 BANKRUPTCY STILL STANDS TO THIS DAY!
Upon this act the PEOPLE were given the status of DEBTORS and became a PERSON = It means they treat you as if you were an Inanimate "Object" or a "Thing". “Impersonal” -
The fiction bankrupt corporation owns your "Social Security Number" not YOU personally. Queen Lizzy of London owns YOU personally! YOU are the "Chattel Property" of that bankruptcy. THE UNITED STATES IS STILL A BRITISH COLONY EXTORTING TAXES FOR THE CROWN! -
"ALL" federal income tax goes to pay the 'Interest Only' on the debt of the bankruptcy of 1933 - CHATTEL PROPERTY = belligerents in the field and are "subject to its jurisdiction" - YOUR LIVE BODY IS THE SUBJECT MATTER they are referring to. -
Quote: In the years 1919 and 1920, two events of critical strategic importance for Britain's opium war against the United States occurred. First the Royal Institute for Foreign Affairs was founded. The purpose of this institution had been set forth over forty years before in the last will and testament of empire-builder Cecil Rhodes. Rhodes had called for the formation of a "secret society" that would oversee the reestablishment of a British empire that would incorporate most of the developing world and recapture the United States - Dope Inc [/quote]
Jewelz- Elite Member
- Posts : 526
Join date : 2011-08-27
Re: The Day of Reckoning 23rd October
Wow, thats a whole new paradigm of thought. Just to comprehend this, I have to change a lot of what I know. Gimme some time.
*****************
RON PAUL 2012
"People want to see real hope restored, not false hope hyped up!" ---Me
"I either want less corruption, or more chance to participate in it."---Dinar Pumpers
openmind- Elite Member
- Posts : 2901
Join date : 2011-07-09
Re: The Day of Reckoning 23rd October
Included in that bankruptcy pledge was EVERY MAN, WOMAN, CHILD AND ALL OF THE PROPERTY OF THE US - THE 1933 BANKRUPTCY STILL STANDS TO THIS DAY!
Is that why our name is in Caps on our social security card?
Is that why our name is in Caps on our social security card?
skyegale- Forum Fanatic
- Posts : 153
Join date : 2011-07-05
Re: The Day of Reckoning 23rd October
skyegale wrote:Included in that bankruptcy pledge was EVERY MAN, WOMAN, CHILD AND ALL OF THE PROPERTY OF THE US - THE 1933 BANKRUPTCY STILL STANDS TO THIS DAY!
Is that why our name is in Caps on our social security card?
That is correct!!! - look on all of your bills/statements that you receive in the mail and everything else, including your birth certificate - your uppercase name is a corporation - your live body battery is what drives the commerce - it's just nothing personal, while they hold you personally liable for the tax they made on the interest from raiding your strawmans dead trust account sitting in the treasury department by sending you statements every month in the mail to the address where your body battery sleeps at night - you have an unlimited prepaid credit account - you hold the estate - you are paying for everything twice over and never needed to work a day in your life - because YOU personally are the creditor of this nation - you are NOT the debtor -
Ask yourself the question - If you personally are the creditor of this nation - then why are you 'made' to need good credit?????
The gov. is borrowing your personal credit and NEVER returning it -
Ask yourself the question - just exactly WHO is making these STATEMENTS you receive in the mail?
NO -BODY !
A master plan of deception to steal your very valuable precious life on planet earth - just so you don't have that very valuable life to use for yourself paying for something that never was - debt - using something there is nothing of - money
There is only credit - digits on a computer screen -
Jewelz- Elite Member
- Posts : 526
Join date : 2011-08-27
Re: The Day of Reckoning 23rd October
Quote: The elementary principle of all deception is to attract the enemy’s attention to what you wish him to see and to distract his attention from what you so not wish him to see - General Sir Archibald Wavell - (in this case the enemy is the American people and most of the world);o((
Your life is a contract with yourself - "Commerce" was set up to "Contract" with YOU personally in order to keep you busy enough from fulfilling that individual contract with yourself for any enlightenment - with the use of something there is nothing of – Money - there is ONLY credit and YOU are the creditor of this nation.
You will never see the Original Instrument of Indebtedness in its Original Form with all Endorsements Front and Back to 'The Property' - because the Promissory Note is a Negotiable Instrument, A Bill of Exchange, A Promise to Pay, A Promissory Note - an IOU shipped off to China somewhere and the bank did a little back room magic and gave you a copy of something else.
News Flash: There was no loan from any bank or anyone else - you can easily prove this to yourself by looking on your mortgage documents and find anywhere - where anyone signed saying they loaned you any money - because a bank loan NEVER happened - that is a fact.
Banks are prohibited from loaning depositors money - it is against the law - Banks do not loan money - they loaned you your very own personal credit out of the treasury department.
Your life is a contract with yourself - "Commerce" was set up to "Contract" with YOU personally in order to keep you busy enough from fulfilling that individual contract with yourself for any enlightenment - with the use of something there is nothing of – Money - there is ONLY credit and YOU are the creditor of this nation.
You will never see the Original Instrument of Indebtedness in its Original Form with all Endorsements Front and Back to 'The Property' - because the Promissory Note is a Negotiable Instrument, A Bill of Exchange, A Promise to Pay, A Promissory Note - an IOU shipped off to China somewhere and the bank did a little back room magic and gave you a copy of something else.
News Flash: There was no loan from any bank or anyone else - you can easily prove this to yourself by looking on your mortgage documents and find anywhere - where anyone signed saying they loaned you any money - because a bank loan NEVER happened - that is a fact.
Banks are prohibited from loaning depositors money - it is against the law - Banks do not loan money - they loaned you your very own personal credit out of the treasury department.
Jewelz- Elite Member
- Posts : 526
Join date : 2011-08-27
Re: The Day of Reckoning 23rd October
So, Jewelz, are you saying that if we all stopped paying there would be NO legal recourse? I'm not sure I follow you completely. How best to corroborate everything you are always telling us? Not trying to be dense, just really want to sift through everything you are saying and find the concrete evidence of it all. Please do not take as bashing.
If anyone can help me shed some light on this I would really appreciate it. Thank you in advance.
If anyone can help me shed some light on this I would really appreciate it. Thank you in advance.
KathyD- Elite Member
- Posts : 237
Join date : 2011-06-27
Re: The Day of Reckoning 23rd October
KathyD wrote:So, Jewelz, are you saying that if we all stopped paying there would be NO legal recourse? I'm not sure I follow you completely. How best to corroborate everything you are always telling us?
No Kathy I am not saying that. The rabbit hole is deep and stringing together words on a screen will not supply any full understanding, they are insufficient for completeness or, is it the best way to corroborate. Though it's certainly better than nothing. Actually, we would have to speak, though having completeness is nearly impossible with one conversation even at that, because it just cannot cover a very compartmentalized complicated puzzle of a situation to make simple a very lot of things for understanding as to how the American people have been raped, robbed, looted, pillaged and plundered, while everyone is left holding the bag and are still able to walk around under the distinct impression they were free or had any rights.
When that is not the case whatsoever. It is just too appalling for people to believe it is being done and not many would believe such trickery as smart as everyone thinks they are. The illuminati are a whole lot smarter and that is why they were able to run off with all of the goods, while they gave everyone a so called life in an illusion, because there is nothing really going on without your participation they so desperately need to make it all look, seem and feel very real.
Jewelz- Elite Member
- Posts : 526
Join date : 2011-08-27
Re: The Day of Reckoning 23rd October
KathyD wrote:So, Jewelz, are you saying that if we all stopped paying there would be NO legal recourse?
The job you work to make money is only in place to simply keep you BUSY, Occupied, 'Doing' something - anything. Your job for a paycheck is only to give you the 'Impression' that you have to be "responsible and pay your bills on time". When you already had all the 'Unlimited Credit' you ever needed, to do anything you ever wanted to do for your Entire Life, and so does everyone else. But it was never intended for you to know it, because you would not make a very good responsible slave thinker if you did.
Upon our birth we are considered and treated as "Incompetent", "Chattel Property", a "Subject", who has voluntarily traded "Benefits for Privileges" in "Exchange" for "Security" with Big Daddy and Company, to keep us safe from invisible GHOSTS, because they scare you!
The United States is a Corporation, Not a Country. A corporation is an organization formed with state governmental approval, to "ACT as an "Artificial PERSON", to carry on business (fiction contracting schemes) or other activities, which can sue or be sued.
The man in the mirror is a monster of a Doer, he is a highly trained de-educated intellectual polite responsible obedient slave Contract Doer of Deed Obligations, from the indoctrination of the Sovereign Nation. YOU personally are the Sovereign Nation, it just does not happen to be YOU personally, that our society in the matrix of illusion is really talking to, but you are convinced in thinking that it really is you personally 'they' are referring to, when it really isn't..
It's called "Identity Theft", (your identity) and the illusion is getting you to participate in the crimes against humanity with your very own free will participation, by using your free will to voluntarily volunteer to Contract with a Fiction Ghost Corporation, a name listed on a piece of paper. You have been answering for a fiction name listed on a piece of paper for your entire life, and you thought it was you personally that some-Body was talking to, when it really wasn't YOU at all.
Jewelz- Elite Member
- Posts : 526
Join date : 2011-08-27
Re: The Day of Reckoning 23rd October
Thank you for your fast and detailed explanation, Jewelz! I appreciate all that you are telling and I get this but perhaps what I should have asked you is which door is clearly marked "THIS WAY OUT". I for one, am ready for a change for the better. Is better even on the horizon?
KathyD- Elite Member
- Posts : 237
Join date : 2011-06-27
Re: The Day of Reckoning 23rd October
jewelz knows whassup! Stand firm for your lawful claim on the LAND which is granted as an estate to you (living sentient man/ woman) in HIS KINGDOM, as His Steward; don’t allow dead corpse (corporations) money changers to swindle you out of it by their deceitful schemes making you the “Debtor” ( ACN created entity NAME similar to their corps for commerce - to enslave you in their “world commerce game/ system”, if you allow it by your ignorance and failure to act upon Truth); you are the actual Creditor, living man/woman creator of “money” of real value via sweat equity labor and or living autograph (which Banksters are currently able to monetize by their policy without our informed knowledge and or specific consent, profiting greatly from our ignorance). Banksters initiate foreclosure based upon recorded Deed of Trust “default”, not Promissory Note. Our gift (consideration) to them of the Note completes the exchange for our home/property; they monetize the Note (multiplying it many times for their benefit absent our specific consent), wherein it becomes a security. Their Altering or conversion of the original Note cancels the obligation (Note) of the obligor (us), per UCC.
The Deed of Trust (DoT) is a TOTALLY SEPARATE CONTRACT, wherein we were deceived into thinking of it as one single transaction with the Note. When they convert the Note to a security by monetizing it, the DoT no longer has lawful validity. A True Lender (Holder in Due Course) must possess ORIGINALs of BOTH Note And DoT to have lawful interest in our property wherein they could lawfully foreclose if we default.
DoT refers to “loan” we “received” in consideration for granting interest in our property, which “loan” we never received from Bankster’s own funds. We were tricked into believing we did “receive a loan” because Banksters can “create money” from OUR Promissory Note autograph (evidence of Biblical “unequal weights and measures”). WE ARE THE ACTUAL CREATORS of the “money” via our living autograph (Au=gold, yes your autograph is “good as gold” to banksters), the TRUE CREDITOR, NOT the Debtor we’ve deceitfully been led to believe. Our DoT granted our property interest to Banksters & assigns in exchange for a “loan” from Bankster’s own money which they NEVER PROVIDED TO US; we just believed (by deceit, fraud) they did. So this means we performed on the DoT contract and Banksters DID NOT! Fraud destroys validity of all contracts!
Youtube helps: 1) 40 min. animated Money As Debt; 2) 30 min. PG animated movie- The American Dream (inc.Twilight Zone, Back 2 the Future, 300 parodies) shares little-known history & HUGE TRUTH everyone should know. Also showmetheloan.net and documents @ stopthefraud2010.com will help educate you in this concept. Simple "Offer to Settle" process available @ http://www.mindwarpsectorfour.com/creditcard.html Blessings as you seek Truth and live therein!
The Deed of Trust (DoT) is a TOTALLY SEPARATE CONTRACT, wherein we were deceived into thinking of it as one single transaction with the Note. When they convert the Note to a security by monetizing it, the DoT no longer has lawful validity. A True Lender (Holder in Due Course) must possess ORIGINALs of BOTH Note And DoT to have lawful interest in our property wherein they could lawfully foreclose if we default.
DoT refers to “loan” we “received” in consideration for granting interest in our property, which “loan” we never received from Bankster’s own funds. We were tricked into believing we did “receive a loan” because Banksters can “create money” from OUR Promissory Note autograph (evidence of Biblical “unequal weights and measures”). WE ARE THE ACTUAL CREATORS of the “money” via our living autograph (Au=gold, yes your autograph is “good as gold” to banksters), the TRUE CREDITOR, NOT the Debtor we’ve deceitfully been led to believe. Our DoT granted our property interest to Banksters & assigns in exchange for a “loan” from Bankster’s own money which they NEVER PROVIDED TO US; we just believed (by deceit, fraud) they did. So this means we performed on the DoT contract and Banksters DID NOT! Fraud destroys validity of all contracts!
Youtube helps: 1) 40 min. animated Money As Debt; 2) 30 min. PG animated movie- The American Dream (inc.Twilight Zone, Back 2 the Future, 300 parodies) shares little-known history & HUGE TRUTH everyone should know. Also showmetheloan.net and documents @ stopthefraud2010.com will help educate you in this concept. Simple "Offer to Settle" process available @ http://www.mindwarpsectorfour.com/creditcard.html Blessings as you seek Truth and live therein!
7freemom- Elite Member
- Posts : 417
Join date : 2011-10-13
Re: The Day of Reckoning 23rd October
Thank you, 7freemom! I will check out these links!
KathyD- Elite Member
- Posts : 237
Join date : 2011-06-27
Re: The Day of Reckoning 23rd October
I'm sure glad I am not a slave to the present system.
Guest- Guest
Re: The Day of Reckoning 23rd October
gmahunni got it,too! "Time to do it God's way. Declare JUBILEE and instantly, EVERYONE is debt free!" You folks searching for an answer including JUBILEE concept: check out NESARA posts on this site, especially its history beginning with "farm loans" fraud and supreme court decision confirming same. A few of its points: 1. Zeros out all credit card, mortgage, and other bank debt due to illegal banking and government activities. This is the Federal Reserve’s worst nightmare, a “jubilee” or a forgiveness of debt; 2. Abolishes the income tax and IRS; 3. Returns Constitutional Law to all courts and legal matters; 4. Eliminates the Federal Reserve System; 5. Creates new US Treasury currency, backed by gold, silver, and platinum precious metals, ending the bankruptcy of the United States initiated in 1933.
It's long ago been signed into law, but WE the People need to make ourselves aware of Truth and demand its Announcement and Implementation, which has been suppressed under gag order and much more by ptb far too long! Time to set ourselves and America FREE again!
Petition to timely sign online with links to more info: https://wwws.whitehouse.gov/petitions/!/petition/announce-and-implementnational-economic-security-and-reformation-act-nesara/GrQ0cm26
It's long ago been signed into law, but WE the People need to make ourselves aware of Truth and demand its Announcement and Implementation, which has been suppressed under gag order and much more by ptb far too long! Time to set ourselves and America FREE again!
Petition to timely sign online with links to more info: https://wwws.whitehouse.gov/petitions/!/petition/announce-and-implementnational-economic-security-and-reformation-act-nesara/GrQ0cm26
7freemom- Elite Member
- Posts : 417
Join date : 2011-10-13
Re: The Day of Reckoning 23rd October
HERE'S A SOLUTION sent to my from Sheldan Nidle's better half Colleen,
SIGN THE PETITION !!! STOP TALKING AND TAKE SOME ACTION !!!
Greetings from Galactic Heart...
Here is information on a NESARA petition going to the White House. It was initiated by We the People for Peace group. It needs 5000 signatures by October 28. You are invited to sign the petition and have your voice heard.
Many people tell me that these petitions do not do any good. They are a waste of time. I disagree. Although they may not make a huge difference to our government administrations, HEAVEN is listening and your actions change the collective consciousness. For this reason, I take time to sign these petitions.
Guess what? They almost caught us on a technicality. The correct name for the NESARA law is NATIONAL ECONOMIC SECURITY AND REFORMATION ACT - NESARA
So if you signed a previous petition, it might have had the incorrect name and will be invalid. I laughed when I heard this and proceeded to take time out and sign the new correctd petition. Also, oddly enough, I'm told you do NOT have to be a US citizen to sign the petition.
NESARA is the solution to creating our new society~~one based on cooperation, peace, freedom, Truth, abundance and true sovereignty.
Go to the website and see if this resonates with your heart's desire:
https://wwws.whitehouse.gov/petitions/!/petition/announce-and-implement-national-economic-security-and-reformation-act-nesara/GrQ0cm26
Selamat Ja!
Colleen
SIGN THE PETITION !!! STOP TALKING AND TAKE SOME ACTION !!!
Greetings from Galactic Heart...
Here is information on a NESARA petition going to the White House. It was initiated by We the People for Peace group. It needs 5000 signatures by October 28. You are invited to sign the petition and have your voice heard.
Many people tell me that these petitions do not do any good. They are a waste of time. I disagree. Although they may not make a huge difference to our government administrations, HEAVEN is listening and your actions change the collective consciousness. For this reason, I take time to sign these petitions.
Guess what? They almost caught us on a technicality. The correct name for the NESARA law is NATIONAL ECONOMIC SECURITY AND REFORMATION ACT - NESARA
So if you signed a previous petition, it might have had the incorrect name and will be invalid. I laughed when I heard this and proceeded to take time out and sign the new correctd petition. Also, oddly enough, I'm told you do NOT have to be a US citizen to sign the petition.
NESARA is the solution to creating our new society~~one based on cooperation, peace, freedom, Truth, abundance and true sovereignty.
Go to the website and see if this resonates with your heart's desire:
https://wwws.whitehouse.gov/petitions/!/petition/announce-and-implement-national-economic-security-and-reformation-act-nesara/GrQ0cm26
Selamat Ja!
Colleen
rosienogg- Elite Member
- Posts : 304
Join date : 2011-07-21
Re: The Day of Reckoning 23rd October
Thanks 7freemom, I guess we posted this link at about the same time. I have signed it and hope my little signature can make a big difference.
rosienogg- Elite Member
- Posts : 304
Join date : 2011-07-21
Re: The Day of Reckoning 23rd October
AJAnderson wrote:I'm sure glad I am not a slave to the present system.
HAHA - your birth certificate says you are - AJANDERSON is not AJAnderson - Big difference - Guess who is doing the identity theft through the mail every time you receive a statement in the mail. Who is making those statements, you don't know. Nobody -
Guess who is monetizing your signature stealing your unlimited credit sitting in the treasury department under your all capital letter name tied to your social security number with the dashes included making money out of thin air every time you sign anything.
Do you have a strong magnifying glass? Do you have a bank check handy? Look at the line on your bank check where you sign your name - you will find something out very interesting - it is not a line -- haha -
Guess who is authorizing the theft of your family inheritance - YOU! Guess who is complicit in the crimes against humanity - YOU! All being done with your very own free will and voluntary consent with your own participation without you even knowing it - keeping you a slave working a job you never had to work for your whole entire empty lonely shallow artificial life - game over
Now, who's your daddy?
Jewelz- Elite Member
- Posts : 526
Join date : 2011-08-27
Re: The Day of Reckoning 23rd October
i thought the reason we capitalize is so there isnt any discrepancy caused by various handwriting.
*****************
RON PAUL 2012
"People want to see real hope restored, not false hope hyped up!" ---Me
"I either want less corruption, or more chance to participate in it."---Dinar Pumpers
openmind- Elite Member
- Posts : 2901
Join date : 2011-07-09
Re: The Day of Reckoning 23rd October
openmind wrote:i thought the reason we capitalize is so there isnt any discrepancy caused by various handwriting.
Well, all I can say is - that's what you get for thinking?
Every time a child is born 'A Corporation / Trust is Created using his or her name on the Birth Certificate spelled in 'All Upper Case Letters'. YOU personally, are the Stock in the US corporation, YOUR BODY is the stock FOR the corporation, because YOU are a "Money Maker" - a "Battery" that needs to be "Charged Up" with "Currency" (not money), because we are talking about Invisible Things like Electricity. You go to the 'Circuit' Court and they 'Charge' YOU with 'Currency'.
Americans are "Human Capital". It is NOT the duty of the US police to protect Americans. Their job is to protect the corporation and arrest "Code Breakers". The banks own your Body. Your Body is Bought and Sold like a Stock Certificate.
The "People", does not include U. S. citizens. If a cop knew he was not doing anything wrong, why do you think he has to come to your door with GUNS? He is protecting the corporation at ANY cost, he is NOT in place to Protect YOU personally.
Jewelz- Elite Member
- Posts : 526
Join date : 2011-08-27
Re: The Day of Reckoning 23rd October
openmind wrote:i thought the reason we capitalize is so there isnt any discrepancy caused by various handwriting.
NO IT'S ACTUALLY TO YELL OR HOLLER AT OTHERS WHEN COMMUNICATING ELECTRONICALLY!!!
Or when they just plain ole want attention! LOL..... :afro:
cravin4rv- New Member
- Posts : 21
Join date : 2011-10-18
Re: The Day of Reckoning 23rd October
Jewelz, I salute you
I love to hear from people who are just not simply mice on a wheel. I am sure a dinner party debate with you would be very enlightening.
So, God save the Queen, and Rule Brittania
I love to hear from people who are just not simply mice on a wheel. I am sure a dinner party debate with you would be very enlightening.
So, God save the Queen, and Rule Brittania
ruthie23- Forum Fanatic
- Posts : 165
Join date : 2011-08-11
Re: The Day of Reckoning 23rd October
All I can say is WOW
*****************
Being defeated is often a temporary condition. Giving up is what makes it permanent.
Marilyn Vos Savant
Yesterday would have been better, but today is a good day
Remember as always, JMHO
Rantings from just north of sixty
1alaskan- Elite Member
- Posts : 4668
Join date : 2011-06-21
Age : 41
Location : Planet far far away
Re: The Day of Reckoning 23rd October
Jewelz, whats your opinion on the Windsor family? thanks
*****************
RON PAUL 2012
"People want to see real hope restored, not false hope hyped up!" ---Me
"I either want less corruption, or more chance to participate in it."---Dinar Pumpers
openmind- Elite Member
- Posts : 2901
Join date : 2011-07-09
Re: The Day of Reckoning 23rd October
ruthie23 wrote:Jewelz, I am sure a dinner party debate with you would be very enlightening.
It's all very interesting indeed to say the least, though there is really nothing to debate, it quite upsets most anyone unfamiliar with the information when you tell anyone, their intelligence gets insulted and they feel tricked that something could make so much sense, though yet something they did not know could be made so clear happening in front of them.
You don't make friends with this information, and is not popular for people to want to know. Learning that we have been deceived will hurt you, because people think they have a pretty good grip on what's going on in their lives, when they really don't.
Attorneys don't even know it, or most of them could not live with themselves, while colluding with a corrupt system throwing people out in the street breaking families apart for non payment of something that was already paid for, the minute you decided you wanted it when you signed the document. It should have been that simple, though if it was no one would make good indentured slaves.
For example, anytime you see the word 'order' it means 'contract'. Like on your bank check; "Pay to the Order of - means Pay to the Contract of ______ . The court for example, does not use webster dictionary, they gave that to you for you to use, so you would trip all over yourself not understanding a word you were saying involved with a fiction bankrupt ghost corporation, a bunch of pretenders in uniform. By default using a fiction language, everyone is lying to themselves and everyone else, every time they open their mouths to speak.Welcome to Alice in Wonderland and the Wizard of Oz.
So, God save the Queen, and Rule Brittania
Well, I don't think you really want anything to do with a reptilian shape shifter, who has been looting and pillaging everyone's life, though no worries, she is leaving the stage of our lives as I understand it, with a whole lot of others you probably thought were serving humanity. I think she is a clone anyway, like a very lot of folks you are going to find out about, that will surprise you in disbelief when you thought you were dealing with real live people- lol.
Jewelz- Elite Member
- Posts : 526
Join date : 2011-08-27
Re: The Day of Reckoning 23rd October
WOW
*****************
Being defeated is often a temporary condition. Giving up is what makes it permanent.
Marilyn Vos Savant
Yesterday would have been better, but today is a good day
Remember as always, JMHO
Rantings from just north of sixty
1alaskan- Elite Member
- Posts : 4668
Join date : 2011-06-21
Age : 41
Location : Planet far far away
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