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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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From: pogohere12/9/2007 12:03:12 PM
   of 116555
 
"Pluto and the Fed" by Robert Grover

1760-1761: This was a transition period from the end of the French and Indian War into the revolutionary fervor that eventually produced the American Revolution. “Taxation without representation” is what most history books emphasize about this period, but if you dig deeper, you’ll find that it was the lack of a currency that made life in the American colonies so difficult. The British rulers insisted the colonists use British money but it was in such short supply in the colonies, it greatly hampered the commerce necessary to function. Every time the colonists created their own form of money, the “Lords of Trade and Plantations” were dispatched from London to destroy it. By the mid-1700s, the British Government owed the Bank of England (prototype of the Fed’s debt-based system) 140,000,000 pounds. The King did not have enough taxpayers to service this national debt, so he looked across the Atlantic to the colonies for help. It was at this time that the colonies were experimenting with the issuance of their own debt-free money, and were not happy being saddled with the King’s war debts. Ben Franklin was sent to London in 1757, as Pluto was within orb of a conjunction with the Galactic Center, and when called to speak to Parliament, said:

In the colonies, we issue our own paper money. It is called "Colonial Script." We issue it in proper proportion to make the goods pass easily from the producers to the consumers. In this manner, creating ourselves our own paper money, we control its purchasing power and we have no interest to pay to no one.[emphasis added]

Most Americans are taught that the Revolution began with the battles of Lexington and Concord. Monetary historian Alexander Del Mar says:

Lexington and Concord were trivial acts of resistance which chiefly concerned those who took part in them and which might have been forgiven; but the creation and circulation of bills of credit...were acts of a whole people and coming as they did on the heels of the strenuous efforts made by the Crown to suppress paper money in America they constituted acts of defiance so contemptuous and insulting to the Crown that forgiveness was thereafter impossible...there was but one course for the Crown to pursue and that was to suppress and punish those acts of rebellion...Thus the Bills of Credit of this era, which ignorance and prejudice have attempted to belittle into the mere instruments of a reckless financial policy, were really the standards of the Revolution. They were more than this: they were the Revolution itself.[emphasis added]

In its Constitution, the new nation provided for a monetary system that was to be debt-free and controlled by Congress. This was viewed as an outrage by aristocracies around the world at the time, who believed the human race would disintegrate into helpless chaos without the guidance of those “divinely appointed to rule.” The Rothschilds, a banking family from Germany which showed genius in taking over the money systems of European countries around this time, determined to serve the world’s aristocracy by persuading the USA to create a central bank and issue currency as debt owned the wealth elite who owned this banking operation. Cried the London Times:
If that mischievous financial policy which had its origin in the North American Republic should become indurate down to a fixture, then that government will furnish its own money without cost. It will pay off its debts and be without a debt. It will become prosperous beyond precedent in the history of the civilized governments of the world. The brains and wealth of all countries will go to North America. That government must be destroyed or it will destroy every monarchy on the globe.

Presidents Andrew Jackson and Abraham Lincoln steadfastly resisted attempts to privatize US money by creating a central bank. Lincoln was assassinated and Jackson would have been had his would-be assassin kept his powder dry in the damp Capitol Building of those times. Astrologically, Jackson’s veto of the central bank bill in his day occurred under an opposition of Saturn and Pluto. Lincoln’s introduction of the Greenback occurred with Saturn and Jupiter conjunct in Virgo (putting both conjunct the US Neptune) opposite transiting Neptune, with Pluto in Taurus making no major aspect.

The Rothschilds and their increasingly large number of associates worked diligently through the 1800s to get a central bank established in the USA, for they would then reap a cornucopia of profits into perpetuity by lending money to government, to be repaid by future taxpayers at ever-compounding interest. They finally succeeded when, on December 23, 1913, Congress created the US Federal Reserve System. At this time, Pluto was opposite its conjunction with the Galactic Center, and also—tellingly enough—opposite the Sun.

At this time, the years leading into and through World War I, anyone who suspected foul play by bankers was castigated as a conspiracy nut. President Woodrow Wilson, who’d signed this legislation, joined the nuts 10 years later when he said:
I am a most unhappy man. I have unwittingly ruined my country. A great industrial Nation is controlled by a system of credit. Our system of credit is concentrated. The growth of the Nation, therefore, and all its activities are in the hands of a few men. We have come to be the worse ruled, one of the most completely controlled and dominated Governments in the world—no longer a Government of free opinion, no longer a Government by conviction and vote by the majority, but the government by the opinion and duress of small groups of dominant men.

The old saying is, “Whoever controls the money, controls the nation.” Amselm Rothschild put it this way: "Give me the power to issue a nation's money, then I do not care who makes the law."

As I write this, the national debt—what politicians have borrowed from the bankers of the Fed, sticking future generations of taxpayers with the debt at ever-compounding interest—comes to around $9 trillion. This is on top of private debt owed by corporations and individuals for mortgages, cars, credit cards, etc. And the looming problem is that, with collective income trending down and collective debt zooming up, we are entering a time when we’ll have to do what third world nations have done to repay “foreign aid”: drastically cut back social services. The alternative is to change the monetary system back to the debt-free version the Founders—those who were aware of money systems—called for. Unfortunately, most were unaware and so Section 8 of Article 1 was not precisely worded, opening the door for future chicanery.

In January 2008, Pluto will inch into Capricorn and be exactly opposite where it was when the Fed was created in December 1913. Pluto is also famous among astrologers for foreshadowing major changes to come, and so it is no surprise that the dollar has been falling in relation to other world currencies, especially the euro. But don’t expect our monetary system to make headlines in the coming months and years, for the Fed bankers work hard to maintain secrecy. And since our politicians depend on money to mount elections and reelections, they aren’t likely to blow the whistle on our rapidly deteriorating monetary system either. Most politicians just want to know how to raise campaign money. Few understand how the system really works, Rep. Ron Paul of Texas being a rare exception.

Astrology enables us to know when times of difficulty and change will come, but not what we will decide to do about the difficulties or how we’ll decide to change. The less-than-half a percent of the human race which now reaps bonanzas from the debt-based world monetary system (with the dollar the world’s reserve currency, replacing gold) are not likely to relinquish their control. Which means that behind the headlines and “off camera,” a lot fur will fly as the powerful decide how to downsize the USA and restructure the national debt. The alternative is a popular uprising to end the debt-based Fed-run system, but because so few people understand what it is and how it works, that isn’t likely.

Unless Uranus has its characteristic surprises in store when it squares Pluto, from 2008 to 2018, simultaneously forming a grand cross with the USA’s natal Sun square Saturn. Uranus brings the unpredictable, the key phrase for Uranus being “expect the unexpected.” The last time Uranus and Pluto formed a square and hit the US Sun-Saturn square, we went through the great depression of the 1930s, and some amazing changes emerged from those years, the enactment of Social Security being a prime example. What appears in the offing is “stagflation,” a combination of rampant inflation combined with economic stagnation. As during the 1930s, those in control will have a dozen or more explanations of what has happened to the economy, and the public will be blamed for various transgressions, such as signing questionable mortgages deals. Yet there is the Uranian possibility that a growing movement worldwide to change the debt-based system may surface into public awareness. Already in the USA and more so in Germany, local currencies are being tried, which keeps money in local communities. Global corporations and their political friends will work hard to put down that movement.

But who knows? Maybe a politician or two will rebel against being controlled by what President Van Buren called The Money Power, and lead us back to the debt-free monetary system envisioned by our nation’s most aware founders—Ben Franklin, Thomas Jefferson and Tom Paine. If that happens, it will transform the USA and world, raising billions of people out of grinding poverty.

robertgover.com

There's fiat, and then there's fiat. It's the privatization of paper money that makes such a big difference. The history of the Greenback during the Civil War is a good example of fiat that worked. Confederate currency lacked several attributes of "money."

Greenbacks and Confederate currency:
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