AMERICA !!! TAKE BACK YOUR MONEY - Part Two

[agenthelios]

ha ha....DIRTY BANKS I hope they go out of business....oh wait they are by the hundreds!

[cjm608]

i really like this woman. i'm thinking i could watch and listen to your message alot. cant wait for the next post. thank you again.

[jailarson]

Peaceful non-compliance. Let them prove that the alleged debt is real. Does "consideration" play a role? If you sign a credit card contract you are providing a promise to repay in the form of your signature. However, the card company never actually has/had the "money" that they "loaned" to you so they never provided "consideration" under the UCC when they entered into the contract, thus voiding the contract. They just entered some made up numbers into a computer and hoped they would profit.

[highwaysong007]

if a million people refused to accept fiat currency in lieu payment for anything - they would quickly listen with a stethescope. 10 million would destroy them.

[NoCryingNowYes]

Great video.

It would be even better to start using alternative mediums of exchange instead of US dollars. Gold and silver would be good options.

When we use dollars we are paying the Fed, because when they print new ones, ours lose value.

If we stop using them they can print all they want, nobody will give them anything for them.

[NoCryingNowYes]

Also, USDs are used all over the world, all those dollars and US bonds need to be accounted for, when people and governments start to get rid of them because they're losing so much value, USDs will lose all of their value (remember it's a snowball effect, the more people that get out of USDs, the less they are worth).

The credit crunch did give USDs a boost in value in 2008 even though the Fed doubled the supply of real dollars (as opposed to debt dollars), but that was temporary.

[NoCryingNowYes]

If you need fiat currency I would go with another one. Canadian dollars are ok. They have no reserves, but since they're used only in Canada, and people in there trust them, they will keep most of their value through the crisis.

Australian or New Zealand dollars are better if you can use those.

Euros are riskier. If they are taken as a new world currency they will gain a lot of value, but if instead people realize that there's no backing, they will lose a lot because they are used worldwide.

[NoCryingNowYes]

But Euros will survive because they're not used so massively worldwide. US dollars are dead.

And I think there isn't much time left. Just look at how afraid Bernanke is looking now. He's gonna be getting a lot of attention soon, to say the least.

I almost feel sorry for the guy. It's not like he's the one pulling the strings. But oh well, he's made a hell of a lot of blood money with this.

/watch?v=UaghKGcYkx8 ---> his voice breaks and he looks like a scared little kitty

[NoCryingNowYes]

/watch?v=5xnIFzP2bTY ----> "US grocery stores begin to accept silver and gold"

[HurricaneHeidi]

Gold and silver are cumbersome, and cannot be used to purchase anything over the Internet. I don't expect merchants and service providers to willingly accept them in payment.

I'm thinking that USDs are as stable as EUROs or any other fiat currency -- especially if they are no longer being inflated via the lending process. IOW, once your USDs are in a Credit Union, and lending only takes place between CU Members, the main avenue for the Fed's inflation via legalized counterfeiting is cut off.

[HurricaneHeidi]

Very interesting video linked in your above message about the grocery stores accepting silver and gold... it's a start, for sure.

Meanwhile, I have read some articles about small towns issuing their own scrip as a local medium of exchange. It started in Britain and is spreading. It encourages patronage of local businesses and service providers, also.

Use keywords "local currency" in google and you will find several good articles about regions that are already doing this! Very exciting!

[HurricaneHeidi]

I am worried about dumping USDs completely because so many of us have IRAs and stock investments in USDs.

I sold every mutual fund in my IRA and I used Sharebuilder to invest the proceeds in renewable energy companies (wind, solar), alternative fuels, and gold mining stocks. They are doing VERY well. One gold mining stock has gone up 400% since I purchased it a couple of months ago. All the wind and solar stocks are doing well too. I had to diversify among alternative fuels.

[NoCryingNowYes]

400% in a couple of months seems like too much. You should probably investigate more. If this went up so much because of a speculative bubble, it may be a good idea to get out.

[NoCryingNowYes]

Local currencies would help for sure, but many of these are not sound propositions, since there is no backing and they are printing too many. So they have the same problems as the other fiat currencies.

The Liberty Dollar was a great attempt, but it got robbed by the FBI. No charges.

Unfortunately I think IRAs will bust out if there is hyperinflation. Stocks are good as well if you know the companies are sound.

[NoCryingNowYes]

Gold and silver do have their problems, but they will keep their value through a crisis or even rise if more people start using them, which they probably will.

USDs are far less stable than EUROs because USDs are used massively all over the world.

There is hardly any country where the central bank is not holding a significant amount of USDs and/or US bonds.

And individuals from all the world still use USDs. But they only do that because they think USDs are trustable.

[NoCryingNowYes]

EUROs are used in all the world as well but much less massively than USDs. That means that even if all the world except Europe stops using Euros, they will still keep a lot of their value.

Gold and silver can be used to pay online, but it's not very widespread yet. Wiki: "Digital Gold Currency"

The Fed doubled the supply during 2008 through printing. Though more debt money was destroyed. But eventually all that extra "real" money will cause hyperinflation. It looks like it's already happening

[easyreader13]

Thanks for this information, Heidi. I'm sorry to admit I didn't give much thought to the difference between banks and credit unions before, and I didn't consider that credit unions were outside of the banking system. I have one question though: is there a trustworthy instiution/organization that rates credit unions? I'm wondering how I guage my local credit unions' management and reliability. Thanks!

[HurricaneHeidi]

easyreader13 -- I have just included an annotation with a URL which I believe will answer your questions.

I am also sending it to you personally via your inbox.

[HurricaneHeidi]

Has anyone else noticed that the video we were commenting on earlier today:

Ron Paul 7/21/2009 Obama Plans To Increase/Add New Powers To The Federal Reserve

has been removed "due to terms of use violation", and that shanklinmike's channel has been suspended within 12 hours of his posting that video???

Youtube is packed with videos posting segments of broadcast news stories...

so why THAT ONE???

I think it's because the comment thread was heating up against the Fed

[HurricaneHeidi]

RON PAUL: "They ( the government ) have got to get rid of the debt. You have to get rid of debt when you get bogged down like this, and we're ( the government ) NOT gonna pay it off. It HAS to be liquidated. Governments liquidate it by CREATING bad money and paying it off with bad money."

THANK YOU Dr. Ron Paul for telling the truth.

NOW... if the government is going to use the Fed to create bad money and pay off its debts with bad money, WHAT can WE do?

(cont'd below)

[HurricaneHeidi]

The ONLY thing we CAN do -

STOP paying interest to the Fed Res banking system. STOP borrowing from the Fed Res banking system. STOP depositing your money into the Fed Res banking system.

Take it back and join a Credit Union.

ONLY MONEY TALKS

The only representative in Congress who is listening to you is Ron Paul.

NOTICE that the Media is covering Health Care Reform and ALMOST COMPLETELY IGNORING the Bill ( HR 1207 ) that calls for the Fed to be AUDITED? I wonder why.....

[audionautix]

The ONLY way to protect your wealth is hard assets, like gold. This is why gold is three times

what it was 5 years ago. Savy financial people know this. Of course, they can always make owning gold illegal, like they did during Roosevelt's administration.

[HurricaneHeidi]

In theory, yes, gold does not inflate and cannot be counterfeited, legally or otherwise, but how can we purchase our groceries with gold? We CAN'T. We have to preserve our ability to spend what we earn in order to pay our utility bills and feed ourselves. Gold is still impractical for that reason... gold is not a commonly accepted medium of exchange.

[HurricaneHeidi]

HOWEVER, I have invested in gold mining stocks, and my investment is up almost 400%. The gubmint is not likely to make investing in a gold mine illegal, now IS it?

[audionautix]

When the FED authorizes the printing of more money, it devalues the currency because there is more of it, however, the government gets to spend it first before it goes into circulation and further degrades the currency. As the currency becomes worth-less prices rise, and what used to buy you 50 dollars worth of goods then only buys you 30. It is stealing, and they never have to go into your account.

[HurricaneHeidi]

ABSOLUTELY CORRECT, audionautix.

Thumbs up from ME!

[HurricaneHeidi]

And NOW they are stealing from us in another way - by taxing us to bailout the fucking banks.

Well we can bail-out on THEM.

Do NOT put your money there... do not pay interest on their credit cards.

[audionautix]

Not to be confrontational, but because ALL money in our fiat currency system is subject to the manipulations of the Fed, this will be of little use. The VALUE of our currency is controlled through the FED setting interest rates, and their control of the volume of the money supply.

[HurricaneHeidi]

I'm glad you brought this up, audionautix... and you are correct about the nature of our fiat currency system. HOWEVER, it is important to realize that defeating the entire fiat currency system is all but impossible because it involves influencing the government. What we CAN do is refuse to patronize the Fed Res banking system - BOYCOTT IT . We CAN do this, and we can do it ASAP without the need to influence Congress or any politicians whatsoever.

[HurricaneHeidi]

And please bear in mind that the Fed utilizes DEBT to inflate the money supply. STOP borrowing through the Fed, and STOP paying them interest on what you have already borrowed from them. FUCK CONGRESS - no one in Congress is listening to us except Ron Paul.

STARVE THE MONSTER.