In a shocking move likely to crush the US economy overnight, China is refusing to make its new gold-backed Yuan, convertible from or to US Dollars. The new Yuan will be introduced next Tuesday, April 19, 2016.
This can only be countered with ever-increasing banker propaganda through the banker bought-out media explaining just how great things in the UNITED STATES, INC might be. Obama himself said, “Anyone claiming that America’s economy is in decline is peddling fiction.” Meanwhile outside of the corrupt DC culture of YES-MEN cherry picking market data, the “hidden” recession continues to hit Americans hard. Most of America is living in poverty conditions under the forced commercial legal code of a bankrupt and foreclosed slavery corporation with guns, who have intentionally abused their own legal system for their own gains and misrepresented themselves as a “legitimate” government rather than the “governmental services corporation” that they were.
Comically, The Federal Reserve System themselves are telling the world that the US Financial system is totally broken with their Zero Interest Rate Policies (ZIRP) for the last several years. ZIRP is outright theft. Using a system of CREDIT based “legal tender” makes some sense, as there is no interest and thus it isn’t debt. The debt based fiat financial/monetary system can be made into a credit based fiat system by making interest rates zero! When one set of institutions use a credit based “monetary system” then the debt based “monetary system” is crushed as value is shifted into the credit based system. The transfer has to do with the interest on the debt money, otherwise known as encumbrance: how much each dollar costs to keep it in existence. Debt based systems lose value through attrition of value by interest… into the credit based system.
Main Street is being TOTALLY AND UTTERLY SHAFTED by Wall Street with the Zero Interest Rate Policies (ZIRP) by the FEDERAL RESERVE SYSTEM of private banks. And are banks really banks if they are really just loaning us our own “legal tender” from the promissory note back to us through the mortgage with interest? The Judge in Credit River Decision says this is exactly what is going on.
As all those FEDERAL RESERVE NOTES come flooding back into the UNITED STATES, INC -no other country will want non-gold backed Fed Dollars-, we should be expecting hyper-inflation should the “public officials” of the UNITED STATES, INCORPORATED not do anything. The Federal Reserve had emergency meetings this week internally, with the US President and Vice President (CEOs), the FDIC, and we can be certain that they are on the phone with the big banks like JP Morgan Chase and their CEO James Dimon.
Ron Paul breaks it down:
The Federal Reserve just may be TOAST!