IT WILL HAPPEN TO US TOO

George Offerman

The recent developments in Cyprus cannot be overlooked, minimized or ignored.   It is the first time in modern history that a bank, through the protection of the government, literally stole the people’s own money out of segregated accounts to bail out the criminal banksters in order to secure a ‘guaranteed’ loan from the EU.  And to enforce this wide open thievery, the government imposed a 100 euro per day limit on ATM withdrawals to stop any potential bank run.  This blatant move and open thievery by the government is a very open statement concerning what the government really thinks of the people’s assets: they are ours for the taking at our bidding.

Now, many here in the U.S. have openly scoffed at the idea of our government doing the same thing.  They believe that we, in the land of the free, would never have such an action taken against us, and that somehow, the economy will get back on track, and life as we have become accustomed to will continue to plod on without any pain or suffering, and without the problems of some’ third world backwards country”.  Little do most Americans know, but we have the ‘grand daddy’ of debt here and put the whole Euro zone to shame concerning the sheer amount of dollars owed.   It is not our turn simply because the dollar is the reserve currency of the world.

Most people have no understanding of what money is, yet even fathom where it comes from.  In the current system, the Federal Reserve creates dollars out of nothing, and lends them to our government for interest payments.  Since these dollars have no backing of gold or silver, an unlimited amount can be ‘manufactured’ and lent out, until the interest becomes so overwhelming, that the scheme comes crashing down, as the people no longer have the ability to pay their debts.   But before it gets to this critical point, the powers that be will do to us what just happened in Cyprus; they will try to convince us that if the banks fail, the economy will hopelessly implode and all will be lost.

If people truly understood the nature of money and what it really is, the crashing of the fiat paper system would be the most beneficial event that could occur.  I am not saying at all that it will be easy and not involve a lot of short term pain, but it will free those who want to produce and allow them a fair opportunity to better their lives and to pass on the fruit of their labors.  We have watched the dollar lose nearly 99% of its value since the creation of the Federal Reserve 100 years ago, and we can also see through the geometric progression of the debt, that we will never pay off the obligations we have made.  The current crop of politicians don’t have the guts to make the cuts necessary, and have grown accustomed to taking from the producers and giving to the consumers.  The last vestage of money left for these crooks to steal is in retirement accounts, bonds, and yes, bank accounts.

If one takes the time to study and understand the banking system, they will quickly come to the conclusion that banks are the most inefficient and most usurious ‘industry’ that exists.  Banks do two things only: 1) make loans and collect interest, and 2) store money safely for the people.  When banks make loans, they need collateral, or deposits on hand.  If there is a run on the banks, and too many deposits are withdrawn, loans cannot be made, or existing loans may have to be called in.  When this happens, a crash occurs.  Banks will do anything in their power to avoid this situation, including getting the heavy hand of government to enforce their access to money, even if it means directly stealing the deposits of those they are supposed to be protecting. 

Given that banks have participated in bad loans, as well as playing derivative games, they have in essence passed on their bad debts to the consumers through bailouts at taxpayer expense, as well as now openly stealing assets they are entrusted with, all with the blessing and backing of the government.  The two reasons for the existence of banks are now invalidated, and as such, should no longer be allowed to exist.  Yet the banksters, through the government and lackey MSM, has nearly everyone convinced that the ‘too big to fail” banks will end life as we know it if allowed to fail.  So those charged with watching out for the little guy are in collusion with the thieves and those responsible for our current economic conditions, and the stage is being set for these sociopathic criminals to walk scot free, and blame this mess on whatever flavor of the month opportunity comes their way.

We don’t need the modern banking system as it is today.  It has lived beyond its usefulness, and for those paying attention, it is time to get your ASSETS out of them.  Don’t allow yourself to be victimized by a group that salivates at the thought of getting your hard earned money through lies and deceptions.  Fight back and get out of the system as much as you possibly can, and that at least will give you a better position to survive once these people finally play the hand they are waiting to do.   

CLARIFICATION OF THE PRECIOUS METALS SITUATION

George Offerman

I’ve been spending nearly all of my free time addressing many folks’ concerns over the silver market and what is happening in the overall picture.  Yes, the precious metals are experiencing significant drops (I will not call this a ‘correction’ as silver ought to be at least 20 times what it is now).  What I am telling these folks privately and what I am writing here and now is, we are entering the endgame of this struggle between God’s money and fraudulent paper money and the economic system as it exists today.

Most don’t comprehend this, yet even want to accept it.  I can only tell people to research and read historical accounts of paper money, and its 100% failure rate, and how countries that stay on a bimetal money system have a history of thriving and remaining stable.  That is one of the primary reasons our Founding Fathers put in the Constitution that only gold and silver coinage is to be legal tender for all debts.  If one does not know, we, even in the good ole U.S. have had three instances in which paper currency has failed: the “continental” during the revolutionary war, the confederate currency and Lincoln’s “Greenback’ or the better known “shin plasters” during the civil war.  (Notice, it is in times of war, that currency is debauched, similar to today).

Now, we are on the verge of the fourth failure of paper currency in our history, but this one is going to be the ‘big daddy’ of failures.  For starters, we are going into debt faster than at any time in this nation’s history, and doing it with the largest numbers as well.  There is no end to the debt and the need to borrow to service this debt.  Secondly, we have the largest welfare state in our history, and have more people receiving ‘benefits’ than are working, an unsustainable process in and of itself.  But most importantly, our currency is the reserve currency of the world, and as such, allows the private corporation Federal Reserve, to print as much as is needed.  Once the rest of the world gets tired of this behavior (which is occurring now) this money will make it back to our shores, and hyperinflation is the only possible outcome of this.

Gold and silver, by their nature, cannot be made out of ‘thin air’.  Gold and silver will NEVER lose its value, and can only increase due to its relative scarcity.  Once the common man understands the true VALUE of gold and silver, there will never be enough ‘paper money’ to exchange for even 1 ounce of either of these metals.  If this were not known by nearly everyone, and especially demonstrated by most central banks, they would not be scrambling to buy as much as they can before their currency becomes worthless.  By virtue that most, if not all of the central banks around the world are buying is perfect clarification of the intrinsic value of the precious metals.

It seems why most people who have purchased silver in recent months are panicking and having second thoughts is they are confusing volatility with risk.  Although the prices of the metals are currently volatile, they pose no risk in ever losing any of their value.  Although the dollar, and treasury bonds have demonstrated little volatility over the past several years (although trending down), they carry great risk in losing some, if not all of their initial principle.  People buy bonds and hold cash in order to ‘preserve’ capital.  With interest rates near 0% on bonds, and cash paying no interest, there is no return or growth on this investment.  Given the ever increasing debt we are incurring, it is becoming a near certainty that our government will default on its bond obligations, and those placing their life’s fruits of their labor into treasury bonds are likely to be nearly or totally wiped out when the music stops.  Those holding precious metals are going to see multiples of increases in their net worth, but will have to be willing to ride out volatile times.

I have been most frantic in urging everyone I’ve talked to, to buy more silver while these lower prices occur, a gift from the money powers.  Since the precious metals are diametrically opposed to paper money, it is in the evil people’s best interest to ‘demonize’ the metals, and use their puppet MSM to convince most people to stay away from them (as they buy up the metals themselves).  Remember, the saying goes this way: “Those who have the gold make the rules”, not “Those who have the dollars make the rules”.

The dollar will soon go the way of the dodo.  It is nearly a fait accompli.  Ben “helicopter” Bernanke said it as much years ago when asked about deflation versus inflation, and his response went something like this: “If need be, I will drop dollars from a helicopter to keep the economy going”.   We see the government has no intention of shrinking itself, and is increasing its spending despite declining revenues (read: taxes).  The government has only two ways of increasing their dollar reserves: 1) higher taxes and tax revenue, or 2) increasing the number of dollars, via borrowing and printing.  We already know tax revenue will not recover to any sustainable level, as in EVER in the current system, so the only other option is borrowing and printing money.  They will print money until it is worthless, but at least the debt, in theory will be gone.  But carnage will result and it will devastate those not prepared.  The writing is on the wall; the dollar is “toast”.  And once again, gold and silver will be the king of money as it is meant to be.