Is Your Bank Shorting the Dollar?

It doesn't matter how many times you've sent Congress a letter on a given issue, or even if you sent one yesterday -- every new fact we give you is a new opportunity to tell Congress what you want. Seize the opportunity!

Send Congress another letter telling them to break the Federal Reserve's monopoly control over your money.

My sample letter to Congress gives you three new facts you can use for this purpose . . .

Last April the monetary base (which is the number of circulating dollars) stood at $830 billion. Since then the Federal Reserve has created nearly a trillion new dollars out of thin air. The monetary base now stands at nearly $1.8 trillion, and rose by nearly $100 billion in September alone.

This legalized counterfeiting is why I believe reports that oil producing nations are planning to abandon the dollar. They would be foolish to do otherwise.

The gold market seems to agree. The one-ounce price of gold has risen nearly $400 in the last year. People are trading their inflated Federal Reserve Notes for assets that will retain their value.

And even U.S. banks are fleeing the dollar. The New York Post reports that U.S. banks used to hold about 2/3rds of their reserves in dollars, but they're now holding nearly 70% in Euros and Yen.

Foreign nations and powerful institutions can escape the dollar, but I don't have the same freedom. Various federal laws force me to conduct my business in devaluing Federal Reserve Notes. I would prefer to use honest, free market money, like gold and silver, but if I attempt to do that YOUR laws threaten to point a policeman's gun at my head.

You're supposed to represent and protect me. You do not work for the Congressional leadership, the Federal Reserve, or the banks. You work for me. Please represent me. Please protect me. Please break the Federal Reserve's monopoly control over my money. Introduce legislation to repeal the laws that force me to use Federal Reserve Notes.

END OF SAMPLE LETTER TO CONGRESS

You can send your letter to Congress using the proprietary Educate the Powerful System at DownsizeDC.org.

Spread the word to others.

Jim Babka, President
DownsizeDC.org. Inc.

Sources:

Federal Reserve report on the Monetary Base: http://research.stlouisfed.org/fred2/data/BOGUMBNS.txt
Historical Gold Prices: http://66.38.218.33/charts/historicalgold.html
New York Post report on bank reserves in Euros and Yen versus the dollar: http://tinyurl.com/yzxbphx

Source: Downsize DC.Org

Gathering Discusses Breaking Bankers' Hold on World

ROUGEMONT, Quebec, Canada, Sept. 4 – Here at the 70^th anniversary of the Congress of the Pilgrims of Saint Michael near Montreal, real monetary reform is being discussed today through Monday, Sept. 7, with representatives from Poland, Argentina, Madagascar, Africa’s Ivory Coast and other locales telling attendees that the death grip that private central banks have over nations can and must be broken. “Can” is the operative word, as attendees see it.

To liberate people from this far-reaching, sustained villainy, participants from these nations and from the U.S. and Canada agree that what’s called “social credit” is the answer—because it means money would be a societal creation brought into existence debt-free, instead of keeping the ruinous arrangement used for many decades that obligates governments to, in essence, buy money from central banks.

The current bind means that the very lifeblood of economic activity lies in the hands of secretive banking interests to whom all the benefits of money and credit creation flow, resulting in chronic poverty even in nations rich in natural resources. If every other major political problem, plot and scandal are the tentacles of the “octopus” of global control, then central banking is the head and brain.

Social credit, or national credit (which is given others names locally regarding grassroots efforts to test the mechanics of the system and help people learn it) means that grassroots efforts would lead, from the bottom up, toward national policies to make national governments the sovereign in terms of creating money and credit as an extension of the people. Central banks could no longer be the “snake-oil concessionaire” selling currency to nations in exchange for government bonds (which obligates the people to the huge debt created in the exchange).

The social dividend that is part of the social credit proposal would provide the peoples of nations with individual non-welfare income to supplement what they earn working, and the job markets would be liberated from debt and provide much more work anyway, backers say. And something called the compensated discount would ensure both stable prices and sufficient business income.

Notably, to explain more of the key details, this writer will focus on one of the Congress’s central participants, former Swiss banker Francois De Siebenthal, who said he turned down overtures to join the shadowy Bilderberg Group and decided to forgo central banking job promotion and advocate real reforms instead.

“We can start to liberate ourselves and others that have so much violence in their countries,” said guest speaker Rodrigo Velasquez during preliminary speeches Friday in preparation for the official start of the Congress on Saturday. Velasquez, whose home is in Colombia, referred to the chronic shortage of purchasing power afflicting the peoples of many nations, which tempts them to plunder rather than work when gainful employment is elusive.

Source: American Free Press