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To: pogbull who wrote (207152)	11/27/2002 9:11:12 PM
From: Knighty Tin	Read Replies (1) \| Respond to of 436258

Good article except for the first part about war. The 30 years war and the 100 years war and all of the Crusades over nearly 200 years were fought while on the gold standard. Gold in, gold out, war goes on.

To: pogbull who wrote (207152)	11/28/2002 10:30:31 AM
From: Oblomov	Read Replies (3) \| Respond to of 436258

>>...in 1950, the amount of money we had in this country was >>about $150 billion, according to the Federal Reserve. As >>we talk, it is about $8.3 trillion. It went from $150 >>billion to $8.3 trillion — all created out of nothing and >>without work. "All created out of nothing and without work"??? ROFL. Where did the $150B extant in 1950 come from then? Ah, for the good old days when people actually worked! (s) Wealth must be created, and much wealth has been created through toil and innovation over the past 52 years. I assume that Parks thinks that he and his organization are creating value. If not, why do they exist? Note also, the GDP in 1950 was $294.3B, and the GDP in 2001 was $10.3T. Dr. Lips is also glowingly referenced without any mention of the fact that he is on the Board of Trustees of Park's organization. He is only referred to as "a Swiss banker", and "a gentleman who is super-establishment Swiss". The failure to mention this is a breach of basic journalistic ethics. Parks engages in many non-sequiters in this interview. For example, he indicates that the very existence of something called the Financial Stability Institute is evidence that a problem exists. Parks also mentions the CFR (an old bugbear of cranks and conspiracy theorists- it's full of British bankers and was founded by a Rockefeller, don't you know), guaranteeing that he will get the follower-remnant of Dr. Peter Beter on board. Again, the idea that someone is running financial crash scenarios is, according to Parks, evidence that a problem exists. Puplava and Ron Paul need to be vigilant here not to associate themselves with cranks.

To: pogbull who wrote (207152)	11/28/2002 10:50:02 AM
From: At_The_Ask	Respond to of 436258

That guy knows the deal. Thanks for posting the text rather than just a link, I probably wouldn't have read it. This part is my favorite, everyone should pay attention to this. One of the guiding principles of America, one of the principles that makes America great, is that we are supposed to all be equal under the law. In fact, when the founders wrote the Constitution, they were so mindful of this they made it unlawful to grant titles of nobility. They didn’t even want the appearance of special privilege. The special privilege that the banks have gotten for themselves today, the power to create money out of nothing, is more power than Pharaoh had. When Pharaoh built the pyramids, he had his army of thugs overseeing the slaves. They would be dragging rocks around the desert. Today, if you can create money out of nothing, you can buy everybody off. That is what they do. In other countries, they have it worse. In Mexico they have a saying that either you take the silver or you take the lead. The silver today isn’t really silver. It is paper-ticket money and of course the lead is a bullet. They only have to shoot one guy and everyone gets the message. We aren’t doing that here yet; that comes later. The whips and the guns come later.

To: pogbull who wrote (207152)	11/28/2002 11:02:27 AM
From: At_The_Ask	Read Replies (1) \| Respond to of 436258

DR. PARKS: No. Debt is deflationary. Technology improvements, productivity improvements are deflationary. However, when you have a highly-leveraged system like we have today, in the event that deflation starts to take hold, then all the leverage in the financial world starts to unwind, you start to get defaults on money owed to banks, and then the Federal Reserve has to play the lender-of-last-resort card. By the way, the “lender-of-last-resort” is a misnomer. They are not really lending anything. What they are really doing is creating money out of nothing and giving it to the financial guys. Giving it to the financial guys. That is, as Mr. Greenspan points out in this book, highly inflationary. They would like to postpone the evil day as far into the future as they can. Part of the way they do that is by misrepresenting, by not telling the people the truth. In the case of foreign banks owing money to U.S. banks, they funnel money through the IMF, the International Monetary Fund, into those banks so they can repay U.S. banks. In the case that these foreign banks owe money to banks in other parts of the world, they are less likely to give them money. When Russia collapsed in 1998, most of the money that Russia owed was to German banks. We didn’t bail them. The Germans were out of their minds about this. Another example in the 1970s, when New York City got into trouble, it turned out that most New York City bonds were held by New York City banks. So New York City got bailed. In the case of Orange County, nobody bailed them out, because the Orange County bonds were held by pensioners and that sort of thing. See what happens? The whole system is geared around transferring the wealth of society to the financial sector. The financial guys have pretty much bought off our politicians with what the euphemistically call “campaign contributions.” They spent $300 million just to get rid of the Glass-Steagal Act. Again I have to keep coming back to what Chief Justice Chase said: It’s dishonest!