Bill Buckler: "Sovereign Debt Can Never Be Repaid"

Tyler Durden's picture

The following extract from Bill Buckler's latest Privateer Report hits at the heart of the current systemic collapse, and is thus presented without commentary.

Sovereign Debt Can NEVER Be Repaid

Wherever you live in the world, you are pushing a huge rock uphill. You and I live in a world whose money, markets and financial system is TOTALLY dependent on the debt issued by government. In any form of rational economic definition, a debt is a deferred and therefore an UNFINISHED transaction. It cannot be completed until the principal plus interest incurred in its issuance have been repaid in full - and in money which retains the purchasing power of that which was borrowed to incur the debt.

No government debt has ever been or can ever be repaid in full. This is especially the case when a government imposes a monopoly on what can be used as money by passing and enforcing “legal tender” laws. The US did this with the introduction of the Fed in 1913. Eventual default becomes an absolute certainty when government makes its own debt paper the ONLY “reserve” behind the “money” it alone can create. The US did this under President Nixon in 1971. The whole world went along with it because the US Dollar was the reserve currency and no government or people anywhere dared jettison it.

The result is the global financial quagmire we see everywhere we look.

If there is going to be any progress towards a REAL solution to this mess, a necessary step is the recognition that governments MUST live within their means. Any social entity which must monopolise the use of force as a pre-requisite for its existence CANNOT be allowed to use that force to augment its power. That is what government debt always does, until the day comes when it collapses in ruins.

Mure more in the full report

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firstdivision's picture


Why no AH AMD chart for today's whoosh chart of the day?

(captcha sucks donkey balls. -18 * 31 = ? answer too large has to be less than 4 characters).

swissinv's picture

how about -18*31^(1/2)*3.2000542314*0

TruthInSunshine's picture


Sequester, scatter and secure your servers, and augment your security protocols re same.

There have been glitches on the site several times today, and it's either some sort of DoS attempt or a mutant/hybrid DoS attempt.


Mentaliusanything's picture

I concur - had to change to wi-fi and a new computer to post.

Tyler you are releasing information earlier than MSN - they are not amused ;)))

Chappaquiddick's picture

Tyler - How many people have read this?  Just how deep is the message penetrating into society??  

gwar5's picture

Upcoming: scramble for gold reserve possession

Why? That's what the hell anybody would do 

Poker face: Only pretending not to think about it

Joker Face: What they are if they get it first



walküre's picture

Silver is going apeshit next month.

DoChenRollingBearing's picture

We'll be watching...

I watch gold and silver EVERY day.  

When do they pop?  I don't know, but it sure seems like something BIG is coming SOON.

cossack55's picture

More like that old book/film "Something evil this way comes".

Yancey Ward's picture

From Bill Shakespeare's screen adaptation of his novel, Macbeth.

GoldmanSux's picture

Adapted from Sir Francis Bacon's private diary

Sudden Debt's picture

I"ve installed the ticker in my background as a html and it's installed on the splash screen of my Iphone :)

Sudden Debt's picture

With newsdays like today, the outcome is a given

Red Neck Repugnicunt's picture

Nice try, but you clearly do not see the whole picture as I do.


You are all throwing stones at Bernanke, but he is doing what he is supposed to do. It will work, this 'monetization', as people call is just a couple of transactions between the Fed and the Treasury. We will see Bernanke as Time's person of the year again and all you fools, we be holding your worthless gold and silver.


Prove me wrong, I dare you.

akak's picture

No, many here clearly do not see as you do --- because we have chosen to use our reason in combination with lessons and analogies drawn from history, and more importantly, to remove the blinders that so many continue to willingly wear after years of being subjected to relentless State propaganda and establishment-instilled conformity.

You, on the other hand, appear content to parrot the self-serving talking points and lies of the power elite --- or to have an agenda here which demands you to do so.

Red Neck Repugnicunt's picture

'You, on the other hand, appear content to parrot the self-serving talking points and lies of the power elite --- or to have an agenda here which demands you to do so.'


No you fail to see that this is all boomer nonsense. Your gold ship will be sunk and will have no life raft at the end. You think that they will let the system collapse? Impossible. They will find a way.

akak's picture

You think that they will let the system collapse? Impossible. They will find a way.

Funny how the Cult of the Omnipotent State has consistently, without fail, been discredited and demolished time and time again throughout history.  Or does Rome still rule in your alternate reality?

Red Neck Repugnicunt's picture

We are in a different paradigm, something that you cannot wrap your head around. This is the 21st nation state, nothing will change.

akak's picture

This is the 21st nation state, nothing will change.


Much has ALREADY changed --- and much more will yet.


EDIT: Another imposter troll here ---- this slimeball is not "RedNeckRepugnicant", but "RedNeckRepugnicunt".  But using the same avatar as the former.  Asshole.

Red Neck Repugnicunt's picture

So what? A couple trillion here, a couple trillion there, not a problem, the FED will ease everything back into place.


Keep pushing your agenda.


To Do:

1. Sell Gold & Silver (rally is over)

2.Get into $US Dollars & equities



akak's picture

Silly troll.

Tricks are for pricks.

Oracle of Kypseli's picture

Based on your posts, you hope that the FED will eventually manage to survive somehow. At the same time, it is obvious that you accept the fact that they are commiting fraud to achieve that.

You accept that the financial system must be saved even by fraudulent means.

Is this the world you want to live in? Do you have any integrity? Do you think this is justifiable? I doubt it. Tell us the truth on what motivates you to be posting these things.

Let's hear it

essence's picture

With regularity there appears a poster (some say a 'troll') in the comments
that fits your style to a tee.

I'm hard pressed to think it other than one person.

Nevertheless, rather than debating you, I say fine, go invest in treasuries,
30 year bonds no less (backed by the full faith & credit of the US gov'ment).

And go long in the stock market while you're at it. Suit yourself.

There's a line from an old  Bob Dylan song that comes to mind:

"and time will tell, just who has failed, an whose been left behind, when you go your way and I go mine"





Bay of Pigs's picture

"you clearly do not see the whole picture as I do".

Me, me, I, I...yeah, we "get it".  You are an arrogant prick.

MiguelitoRaton's picture

RNR, I have met many an individual (almost always you and liberal) who, like you think that we have evolved, that this time is different, we are smarter now, the government is run by intelligent people who will solve the problems. They believe that the problems of the past empires/states is irrelevant.

What you fail to acknowledge is that while things and processes have evolved, human nature remains a constant. Man still longs for power, wealth (=power), and dominion (=power). In a democratic republic, at some point, politicians pander to major groups (corporations or unions) with money to influence elections. They promise the world to the people, and it results in a debt ponzi that has no option but to fail eventually.

Gold and silver, like human nature remain the same. Paper money always fails due to debt. This time will be no different. It may be in 2011, it may be in 2021, but at some point the music will stop and there will be far too few chairs to sit in.

How can one have faith in the government when everything they have given us has provne to fail under expenses and debts (or at least be unsustainable): social security, medicare, post office, etc. BTW, if you think that social security has not failed already consider that it was meant to be tax free and you get your money back when you retire. Then it became part of the general fund (no real money in accounts). Then it was taxed at 50%, then 85%. Soon I suspect it will be subject to means-testing. That is a fail. Rely on the government for your future at your peril. 

StychoKiller's picture

If they're so all-knowing, tell'em to catch a fart and paint it green! :>D

JW n FL's picture

The conversation here is for children.. but the one shinning (like the sun) comment "If they're so all-knowing, tell'em to catch a fart and paint it green!"... fuck who thinks they are all knowing or why... love the comment though. I will be using that in my day to day as soon as I can squeeze it out, into conversation of course.

You get a new fav song of mine to enjoy...

midtowng's picture

The significance of this is that every nation will be burdened more and more with interest rate payments on that debt. Gradually, the interest rates will climb, as public services are gutted more and more, until finally there is nothing left except paying the banks and their wealthy creditors their yields for doing nothing. All the surplus capital will be sucked out of the economy until this version of "capitalism" collapses.

Michael's picture

I think this is close to what it will look like in the end.

Rollover-1981- Aftermath of the Gold Scandal and World Economic Collapse

AnAnonymous's picture

The significance of this is that every nation will be burdened more and more with interest rate payments on that debt. Gradually, the interest rates will climb,


Wrong. This opinion is one of people who consider the markets as ethereal entities, detached from physical reality, that operate under unvariant laws.

Which is blatantly wrong. Markets are physical people with various vested interests.

Just check the amount of money borrowed by the US, the size of debt and the interests rate paid on.

It is totally conform to the very fact that money has to be lent somewhere in a debt based economy (which is by the fact imposed by the agent of transaction named money, which is debt)

As money has to be lent somewhere, the least 'worse' (if you allow me that) place will always be offered preferential rates on any new amount of money that is lent.

Check back in ten years, twenty years to see that the service on the debt will match the capacity of this place to  pay, no matter the size of the debt and how much is borrowed. It will never go beyond because money must be lent.

Markets are not ethereal entities.

stewie's picture

Your point is true for new debt.  But there is still a risk with existing debt.  While rates on new debt adjust to our ability to pay, existing debt is fixed to maturity and must be serviced.  Maybe there is some foresight, after all, from the US gvmt to migrate to shorter maturity?

Unless we see massive and global debt default, I think we're entering  period where rates will stay in a very narrow range indefinitely.  Gone are the days of wild swings from 2 to 10%.  We'll see the same effect with smaller swings as total debt increases.  The system is dynamic and the rate of change is more important than nominal value.  



cunningtrader's picture

Sigh...When will Americans wake up, and understand that the Rothschilds own their asses, and are doing so through indebtedness? I laugh when Tyler Durden wrings his hands about the USFED going broke printing money, that he says can't be funded, what a joke! The Rothschilds are funding the printing presses, and in doing so are swapping their otherwise worthless quadrillions of USD for hard assets. The Rothschilds were worth 4 billion in 1850, AND HAVE NEVER, EVER HAD A BAD YEAR. Take that 4 billion, index it to inflation, and hey presto it's 4 QUADRILLION today. Now add the other QUADRILLIONS they have made by printing and leasing money to the Governments of the world via their central banks for decades, and they can go on printing and in turn swapping dollars for assets via debt purchase, they are not worried about gold, silver, oil, because they are buying the producers of these commodities.

So what are they concerned about? A: Any part of the world they don't already own.

Michael's picture

The Universal Bankruptcy Act of 2011 should take care of it.

Art Vandelay's picture

Run along to dinner now, son; Mommy's got your mac and cheese ready, just the way you like it.

cunningtrader's picture

To all the Elitist supporting Trolls that are junking this post, we, the people know who really owns the NYFED/USFED:

Chart of who "owns" the Federal Reserve


Chart 1


Federal Reserve Directors: A Study of Corporate and Banking Influence

Published 1976

Chart 1 reveals the linear connection between the Rothschilds and the Bank of England, and the London banking houses which ultimately control the Federal Reserve Banks through their stockholdings of bank stock and their subsidiary firms in New York. The two principal Rothschild representatives in New York, J. P. Morgan Co., and Kuhn,Loeb & Co. were the firms which set up the Jekyll Island Conference at which the Federal Reserve Act was drafted, who directed the subsequent successful campaign to have the plan enacted into law by Congress, and who purchased the controlling amounts of stock in the Federal Reserve Bank of New York in 1914. These firms had their principal officers appointed to the Federal Reserve Board of Governors and the Federal Advisory Council in 1914. In 1914 a few families (blood or business related) owning controlling stock in existing banks (such as in New York City) caused those banks to purchase controlling shares in the Federal Reserve regional banks. Examination of the charts and text in the House Banking Committee Staff Report of August, 1976 and the current stockholders list of the 12 regional Federal Reserve Banks show this same family control.



N.M. Rothschild , London - Bank of England ______________________________________ | | | J. Henry Schroder | Banking | Corp. | | Brown, Shipley - Morgan Grenfell - Lazard - | & Company & Company Brothers | | | | | --------------------| -------| | | | | | | | | Alex Brown - Brown Bros. - Lord Mantagu - Morgan et Cie -- Lazard ---| & Son | Harriman Norman | Paris Bros | | | / | N.Y. | | | | | | | | Governor, Bank | J.P. Morgan Co -- Lazard ---| | of England / N.Y. Morgan Freres | | 1924-1938 / Guaranty Co. Paris | | / Morgan Stanley Co. | / | / | \Schroder Bank | / | Hamburg/Berlin | / Drexel & Company / | / Philadelphia / | / / | / Lord Airlie | / / | / M. M. Warburg Chmn J. Henry Schroder | | Hamburg --------- marr. Virginia F. Ryan | | | grand-daughter of Otto | | | Kahn of Kuhn Loeb Co. | | | | | | Lehman Brothers N.Y -------------- Kuhn Loeb Co. N. Y. | | -------------------------- µ | | | | 8 | | | | Lehman Brothers - Mont. Alabama Solomon Loeb Abraham Kuhn | | __|______________________|_________ Lehman-Stern, New Orleans Jacob Schiff/Theresa Loeb Nina Loeb/Paul Warburg ------------------------- | | | | | Mortimer Schiff James Paul Warburg _____________|_______________/ | | | | | | Mayer Lehman | Emmanuel Lehman \ | | | \ Herbert Lehman Irving Lehman \ | | | \ Arthur Lehman \ Phillip Lehman John Schiff/Edith Brevoort Baker / | Present Chairman Lehman Bros / Robert Owen Lehman Kuhn Loeb - Granddaughter of / | George F. Baker | / | | / | | / Lehman Bros Kuhn Loeb (1980) | / | | / Thomas Fortune Ryan | | | | | | Federal Reserve Bank Of New York | |||||||| | ______National City Bank N. Y. | | | | | National Bank of Commerce N.Y ---| | | \ | Hanover National Bank N.Y. \ | | \ | Chase National Bank N.Y. \ | | | | Shareholders - National City Bank - N.Y. | ----------------------------------------- | | / James Stillman / Elsie m. William Rockefeller / Isabel m. Percy Rockefeller / William Rockefeller Shareholders - National Bank of Commerce N. Y. J. P. Morgan ----------------------------------------------- M.T. Pyne Equitable Life - J.P. Morgan Percy Pyne Mutual Life - J.P. Morgan J.W. Sterling H.P. Davison - J. P. Morgan NY Trust/NY Edison Mary W. Harriman Shearman & Sterling A.D. Jiullard - North British Merc. Insurance | Jacob Schiff | Thomas F. Ryan | Paul Warburg | Levi P. Morton - Guaranty Trust - J. P. Morgan | | Shareholders - First National Bank of N.Y. ------------------------------------------- J.P. Morgan George F. Baker George F. Baker Jr. Edith Brevoort Baker US Congress - 1946-64 | | | | | Shareholders - Hanover National Bank N.Y. ------------------------------------------ James Stillman William Rockefeller | | | | | Shareholders - Chase National Bank N.Y. --------------------------------------- George F. Baker


Chart 2


Federal Reserve Directors: A Study of Corporate and Banking Influence

- Published 1983

The J. Henry Schroder Banking Company chart encompasses the entire history of the twentieth century, embracing as it does the program (Belgium Relief Commission) which provisioned Germany from 1915-1918 and dissuaded Germany from seeking peace in 1916; financing Hitler in 1933 so as to make a Second World War possible; backing the Presidential campaign of Herbert Hoover ; and even at the present time, having two of its major executives of its subsidiary firm, Bechtel Corporation serving as Secretary of Defense and Secretary of State in the Reagan Administration.

The head of the Bank of England since 1973, Sir Gordon Richardson, Governor of the Bank of England (controlled by the House of Rothschild) was chairman of J. Henry Schroder Wagg and Company of London from 1963-72, and director of J. Henry Schroder,New York and Schroder Banking Corporation,New York,as well as Lloyd's Bank of London, and Rolls Royce. He maintains a residence on Sutton Place in New York City, and as head of "The London Connection," can be said to be the single most influential banker in the world.



J. Henry Schroder ----------------- | | | Baron Rudolph Von Schroder Hamburg - 1858 - 1934 | | | Baron Bruno Von Schroder Hamburg - 1867 - 1940 F. C. Tiarks | 1874-1952 | | | marr. Emma Franziska | (Hamburg) Helmut B. Schroder J. Henry Schroder 1902 | Dir. Bank of England | Dir. Anglo-Iranian | Oil Company J. Henry Schroder Banking Company N.Y. | | J. Henry Schroder Trust Company N.Y. | | | ___________________|____________________ | | Allen Dulles John Foster Dulles Sullivan & Cromwell Sullivan & Cromwell Director - CIA U. S. Secretary of State Rockefeller Foundation Prentiss Gray ------------ Belgian Relief Comm. Lord Airlie Chief Marine Transportation ----------- US Food Administration WW I Chairman; Virgina Fortune Manati Sugar Co. American & Ryan daughter of Otto Kahn British Continental Corp. of Kuhn,Loeb Co. | | | | M. E. Rionda | ------------ | Pres. Cuba Cane Sugar Co. | Manati Sugar Co. many other | sugar companies. _______| | | | | G. A. Zabriskie | --------------- | Emile Francoui Chmn U.S. Sugar Equalization | -------------- Board 1917-18; Pres Empire | Belgian Relief Comm. Kai Biscuit Co., Columbia Baking | Ping Coal Mines, Tientsin Co. , Southern Baking Co. | Railroad,Congo Copper, La | Banque Nationale de Belgique Suite 2000 42 Broadway | N. Y | __________________________|___________________________|_ | | | | | | Edgar Richard Julius H. Barnes Herbert Hoover ------------- ---------------- -------------- Belgium Relief Comm Belgium Relief Comm Chmn Belgium Relief Com Amer Relief Comm Pres Grain Corp. U.S. Food Admin U.S. Food Admin U.S. Food Admin Sec of Commerce 1924-28 1918-24, Hazeltine Corp. 1917-18, C.B Pitney Kaiping Coal Mines | Bowes Corp, Manati Congo Copper, President | Sugar Corp. U.S. 1928-32 | | | John Lowery Simpson ------------------- Sacramento,Calif Belgium Relief | Comm. U. S. Food Administration Baron Kurt Von Schroder Prentiss Gray Co. J. Henry Schroder ----------------------- Trust, Schroder-Rockefeller, Chmn Schroder Banking Corp. J.H. Stein Fin Comm, Bechtel International Bankhaus (Hitler's personal bank Co. Bechtel Co. (Casper Weinberger account) served on board of all Sec of Defense, George P. Schultz German subsidiaries of ITT . Bank Sec of State (Reagan Admin). for International Settlements, | SS Senior Group Leader,Himmler's | Circle of Friends (Nazi Fund), | Deutsche Reichsbank,president | | Schroder-Rockefeller & Co. , N.Y. --------------------------------- Avery Rockefeller, J. Henry Schroder Banking Corp., Bechtel Co., Bechtel International Co. , Canadian Bechtel Company. | | | | Gordon Richardson ----------------- Governor, Bank of England 1973-PRESENT C.B. of J. Henry Schroder N.Y. Schroder Banking Co., New York, Lloyds Bank Rolls Royce


Chart 3


Federal Reserve Directors: A Study of Corporate and Banking Influence

- Published 1976

The David Rockefeller chart shows the link between the Federal Reserve Bank of New York,Standard Oil of Indiana,General Motors and Allied Chemical Corportion (Eugene Meyer family) and Equitable Life (J. P. Morgan).



DAVID ROCKEFELLER ---------------------------- Chairman of the Board Chase Manhattan Corp | | ______|_______________________ Chase Manhattan Corp. | Officer & Director Interlocks|--------------------- ------|----------------------- | | | Private Investment Co. for America Allied Chemicals Corp. | | Firestone Tire & Rubber Company General Motors | | Orion Multinational Services Ltd. Rockefeller Family & Associates | | ASARCO. Inc Chrysler Corp. | | Southern Peru Copper Corp. Intl' Basic Economy Corp. | | Industrial Minerva Mexico S.A. R.H. Macy & Co. | | Continental Corp. Selected Risk Investments S.A. | | Honeywell Inc. Omega Fund, Inc. | | Northwest Airlines, Inc. Squibb Corporation | | Northwestern Bell Telephone Co. Olin Foundation | | Minnesota Mining & Mfg Co (3M) Mutual Benefit Life Ins. Co. of NJ | | American Express Co. AT & T | | Hewlett Packard Pacific Northwestern Bell Co. | | FMC Corporation BeachviLime Ltd. | | Utah Intl' Inc. Eveleth Expansion Company | | Exxon Corporation Fidelity Union Bancorporation | | International Nickel/Canada Cypress Woods Corporation | | Federated Capital Corporation Intl' Minerals & Chemical Corp. | | Equitable Life Assurance Soc U.S. Burlington Industries | | Federated Dept Stores Wachovia Corporation | | General Electric Jefferson Pilot Corporation | | Scott Paper Co. R. J. Reynolds Industries Inc. | | American Petroleum Institute United States Steel Corp. | | Richardson Merril Inc. Metropolitan Life Insurance Co. | | May Department Stores Co. Norton-Simon Inc. | | Sperry Rand Corporation Stone-Webster Inc. | | San Salvador Development Company Standard Oil of Indiana


Chart 4


Federal Reserve Directors: A Study of Corporate and Banking Influence

- Published 1976

This chart shows the interlocks between the Federal Reserve Bank of New York J. Henry Schroder Banking Corp., J. Henry Schroder Trust Co., Rockefeller Center, Inc., Equitable Life Assurance Society ( J.P. Morgan), and the Federal Reserve Bank of Boston.



Alan Pifer, President Carnegie Corporation of New York ---------------------- | | ---------------------- Carnegie Corporation Trustee Interlocks -------------------------- ---------------------- | | | Rockefeller Center, Inc J. Henry Schroder Trust Company | | The Cabot Corporation Paul Revere Investors, Inc. | | Federal Reserve Bank of Boston Qualpeco, Inc. | Owens Corning Fiberglas | New England Telephone Co. | Fisher Scientific Company | Mellon National Corporation | Equitable Life Assurance Society | Twentieth Century Fox Corporation | J. Henry Schroder Banking Corporation


Chart 5


Federal Reserve Directors: A Study of Corporate and Banking Influence

- Published 1976

This chart shows the link between the Federal Reserve Bank of New York, Brown Brothers Harriman,Sun Life Assurance Co. (N.M. Rothschild and Sons), and the Rockefeller Foundation.



Maurice F. Granville Chairman of The Board Texaco Incorporated ---------------------- | | Texaco Officer & Director Interlocks ---------------- Liggett & Myers, Inc. ------------------------------------ | | | | | L Arabian American Oil Company St John d'el Ray Mining Co. Ltd. O | | N Brown Brothers Harriman & Co. National Steel Corporation D | | O Brown Harriman & Intl' Banks Ltd. Massey-Ferguson Ltd. N | | American Express Mutual Life Insurance Co. | | N. American Express Intl' Banking Corp. Mass Mutual Income Investors Inc. M. | | Anaconda United Services Life Ins. Co. R | | O Rockefeller Foundation Fairchild Industries T | | H Owens-Corning Fiberglas Blount, Inc. S | | C National City Bank (Cleveland) William Wrigley Jr. Co H | | I Sun Life Assurance Co. National Blvd. Bank of Chicago L | | D General Reinsurance Lykes Youngstown Corporation | | General Electric (NBC) Inmount Corporation

** Source: Federal Reserve Directors: A Study of Corporate and Banking Influence. Staff Report,Committee on Banking,Currency and Housing, House of Representatives, 94th Congress, 2nd Session, August 1976.

DoChenRollingBearing's picture


It is hard to have any confidence in one item I read on the 'Net lately, but the writer claimed the Rothschilds are worth approx. $500 TRILLION.

I suppose (if true) that would mean they are FOFOA's "Giants".

essence's picture

5 years ago I regarded posts such as yours as 'out there',
tin hat conspiriacy stuff.

Then came 2008, and TARP (as in, twice voted on...each time the public was wildly against it.... and yet it passed). That was surely a WTF, rubicon moment for me.

It was as if there was this unseen power behind the scenes controlling things.
A force that said to  congress.... "your first TARP vote wasn't 'right'...

DON'T FORGET WHO OWNS YOU go back and vote again till you get it right".


Everything I've read and observed since in the US and Europe merely corroborates

No matter what... in the end we find that the politicians ALWAYS move to
save the ultra wealthy from taking the slightest haircut on their equity
in the big banks and the outstanding bonds.

We find the US and EU central banks backing the big banks without fail.
I mean... completely, implicitly, without fail. Support the big banks.... and the
hell with everything/everyone else.

We've seen politicans such as Obama campaign as one thing, and yet once
elected turn out to be this 'manchurian candidate' serving Dubaya's 3rd term.

In sciences such as Astro-Physics you have folks who observe and postulate
based on prior knowledge and their observations. And so it goes with
current economics and politics.

Educating myself and observating the politics and the economy in action lead me to a belief in things such as banking cabals. Banking families. The insidious nature of the Fed.

Think about it...the power to create money from nothing!

In fact, a government given monopoly on the creation of money.
And the world's reserve currency to boot.
All without any effective auditing.
With Congress, the President and Regulators giving cover.

What a scam, what a crime.

Exactly who controls the Fed?
Why does Jamie Dimon sit on the NY Fed Board? Isn't that an outrageous
conflict of interest.

Why is the Fed setting fiscal policy for the US States and why aren't they
fully AUDITED by an impeciably impartial independent enity each and every year?

And why the hell hasn't there been a Gold audit since the Eisenhower
administration (and even that one was half-assed).







stewie's picture

Incredible isn't it?  

I wonder how they have managed to avoid hardship that long...

Oracle of Kypseli's picture


If the Rothchilds own Americans they also own everyone else including you. Where are you from? 

Since your are awaken, what have you done to counter? Can you please let the Americans know what to do?

stewie's picture

" Can you please let the Americans know what to do?"

Ron Paul has already done so. Have you listened with your vote?  

lemonobrien's picture

If they have all that money, why don't they already own everything?

atomicwasted's picture

You haven't heard of the Pentavirate?  The Gettys, the Rothschilds, the Queen, and Colonel Sanders before he went tits up?

MaxSmart's picture

Oh how I hated the Colonel, with his wee beady eyes and that smug look on his face.

sushi's picture

The Colonel is not dead.

He is just roosting.

cunningtrader's picture

They mostly do. Any war that comes along, they make more, because their industrial assets supply and fund all sides lol.

JW n FL's picture
by lemonobrien
on Mon, 01/10/2011 - 17:55


If they have all that money, why don't they already own everything?


They own feed, seeds and fertalizer... that is everything...

cunningtrader's picture

Ha ha, I have obviously hit a raw nerve or two already, have been flagged as junk twice already.... and I thought this forum was an elitist free zone...hmmmm

Dr. Porkchop's picture

I think that any American who has ever rolled over their payday loans would understand quite easily the debt situation, if it were explained to them.