accomplished through the issuance of a new world-wide monetary unit called the Bancor, the name
proposed by John Maynard Keynes at the Bretton Woods Conference in 1944. This new money will restore our commerce and put a stop to inflation. At last, said the Treasury Secretary, man will have total control over his economic destiny. Money will now become his servant instead of his master.
The United States, he said, has agreed to accept the Bancor as legal tender for all debts, public and private. The old money wiil still be honored but will be phased out over a three-month period.
After that date, Federal Reserve Notes will no longer be valid.
During the transition period, the old money may be exchanged at any bank at the ratio of one Bancor for five- hundred dollars. All existing contracts expressed in dollars—including home mortgages—are now converted to Bancors in that same ratio.
In the same announcement, the Secretary advised that the
IMF/World Bank was backing this new money with something far more precious than gold. Instead, it will be backed by the assets of the world. These include bonds from the participating governments plus millions of acres of wilderness lands that have been deposited into the UN 'Environmental Bank.'1 The National Parks 1. ' D e b t - f o r - n a t u r e ' s w a p s w e r e p r o p o s e d at the 4 t h W o r l d W i l d e r n e s s C o n f e r -
ence h e l d i n D e n v e r , C o l o r a d o , i n 1987 a n d they are b e i n g i m p l e m e n t e d r i g h t n o w .
Costa Rica, Bolivia, a n d Ecuador have a l r e a d y agreed to s w a p their d e b t in ex change f o r a c o m m i t m e n t t o p r e v e n t w i l d e r n e s s areas f r o m b e i n g d e v e l o p e d . U N
c o n t r o l o v e r those lands is inevitable.
A PESSIMISTIC SCENARIO
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and forests of the United States have been added to those reserves, and they will now be under the supervision of the UN Wilderness Asset Preservation and Enhancement Agency (WAPEA). From this date forward, the Federal Reserve System will operate as a subdivision of the IMF which is now the central bank of the world.
Although the Secretary did not mention it in his public appearance, the UN treaty also obligated the government to put restrictions on the use of cash. Every citizen is to be issued an international ID card. The primary purpose of these machine-readable cards is to provide positive identification for all citizens at transportation depots and military checkpoints. They also can be used by the banks and stores to access checking accounts, which are now called
Every citizen is being issued an account in a bank near his place of residence. All payments by employers or government agencies will be made by electronic transfer. Cash transactions larger than five Bancors will be illegal in three months. Most expenditures will be paid by debit card. That is the only way in which the UN
Monetary Transaction Tracking Agency (MTTA) can combat counterfeiting and prevent money laundering by organized crime. That, of course, is camouflage. The government complex issuing the new money is the greatest perpetrator of counterfeiting and organized crime the world has ever seen.1 The real targets are political dissidents and those escaping taxes in the underground economy.
No one will be allowed to earn or buy or sell without this ID
card, nor will they be allowed to leave the country or even to migrate to another city. If any government agency has reason to red-flag an individual, his card will not clear, and he will be blocked from virtually all economic transactions and geographical movements. It is the ultimate control.
The new money offers the Cabal yet one more benefit. There can never be another run on the banks, because it is now illegal to demand currency.
1. T h a t is n o t h y p e r b o l e . A l l fiat m o n e y is counterfeit. F u r t h e r m o r e , there is evidence that the C I A a n d the D E A h a v e been d e e p l y i n v o l v e d i n the s m u g g l i n g o f illicit d r u g s . T h e m o n e y d e r i v e d f r o m those d r u g s w a s a p p a r e n t l y l a u n d e r e d t h r o u g h P a n a m a n i a n branches o f U.S. b a n k s a n d used t o finance c o v e r t o p e r a t i o n s i n N i c a r a g u a a n d elsewhere. V i r t u a l l y all g o v e r n m e n t s h a v e been i n v o l v e d i n activities that w o u l d b e c r i m i n a l offenses i f c o m m i t t e d b y o r d i n a r y citizens.
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THE CREATURE FROM JEKYLL ISLAND
THE RISE OF REVOLUTIONARY MOVEMENTS
Hyperinflation is fertile ground for the seeds of revolution.
Economic despair led the masses to grasp at the promises of Lenin in Russia, Hitler in Germany, Mussolini in Italy, and Mao in China.
It has now been three years since that fateful run on the banks in New York, and inflation has not abated, even with the introduction of the Bancor. Now we are witnessing massive public demonstrations in every major city for higher wages, more jobs, larger government benefits, and more stringent price controls. Since there are practically no goods in the stores at
The demonstrations have been organized by radical organizations advocating the overthrow of the 'decadent capitalist' system and the enthronement of socialism in its place. The participants in the street do not understand the words they chant. They are unaware that capitalism has been dead in America for many years and that it is socialism they already have.
