A report in early June 2003 from Russia, raised several questions about the current monetary system being used in the UNITED STATES. This article dealt with the use of counterfeit dollars in Russia. Evidently the Russian government has a well-developed system for examining dollars for being counterfeit or not. The whole article seemed curious since this is a foreign (sovereign?) government checking the validity of a foreign currency, which is used internally by its citizens on a day-to-day basis. That this information about a vital American issue shows up in a news service from the other side of the world and not in the American mass media is more and more commonplace.
If an American dollar is counterfeited overseas and used overseas exclusively as a local currency, then on what grounds could the US government pursue those overseas counterfeiters for criminal charges? What if any jurisdiction does the US government have in Russia to pursue counterfeiters of US Dollars used exclusively in Russia?
If a counterfeit dollar has reached perfection then is it a counterfeit? How would one know that a counterfeit dollar was counterfeit if it was perfect?
Currently, since there is no fixed and agreed relationship between our paper money and any underlying asset/commodity of value, then are FRN’s (Federal Reserve Notes) real or just authorized counterfeits? Is all printed fiat money counterfeit no matter who is the manufacturer?
If a large quantity FRN’s (be they counterfeit or not) were submitted for redemption (they are notes, debt instruments) what is the collateral for these notes?
Further questions arise…What is money? Who creates it? Who owns it? Is your money your own?
Do we as a nation have real money or fake money? If we have fake money, then isn’t that a violation of the constitution?
Is the “dollarization” of the economies of other nations, as also found in Central and South America, a good thing or bad thing for the sovereignty and health of America?
During World War II, the Nazis and the Allies used very high quality counterfeit money as significant weapons against each other. What would prevent the current enemies of America from resorting to the same tactic?
Can gold/precious metal or other commodity backed means of exchange be counterfeited or as easily counterfeited? If not, then given the severity of this problem, why isn’t the Federal Government pursuing the return to hard, real, constitutional money with utmost haste?
The issue of real versus fiat money in America is just another example of the vast fabric of intentional lies and distortions that have been foisted upon the nation. These lies and distortions are fully known, understood and intentionally perpetuated upon America by our elected officials. It is undeniable fact that the Federal Reserve is neither a part of the federal government nor does the US federal government own it. Also, there is nothing of intrinsic value in reserve in that institution.
The federal government no longer provides real money. Constitutional money is to be species backed, supported by something of exchangeable value. Furthermore, the Federal Reserve was never instituted by a required Article V modification of the Constitution. There is only one man in Congress that has consistently spoken out against this biggest of frauds and that is Texan Ron Paul, MD.
Low and stable prices for energy/oil directly affect the relative health of the American economy. The exchange rate of the dollar against other currencies is predicated solely on the health of the American economy. These realities are “connected dots” which explain the primary reason this administration sought and prosecuted the unprovoked attack on Iraq.
The correlation between oil and the war is widely reported by the media in Europe. There are even some forthright political leaders in the British government who will make this connection of oil reserves and the attack on Iraq without obfuscation.
“I don’t think the war would have happened if Iraq didn’t have the second-largest oil reserves in the world,” Porritt said in a Sky News television interview.”
It is reprehensible that the American media and the elected officials refuse to offer a sliver of truth in the attack on Iraq. Neither can afford to do that in order for the current cast of corrupt politicians to get re-elected.
Years prior to the attack, Iraq changed its currency of oil denomination from dollars to euros. This change resulted in a significant increase in the relative purchasing power of Iraqi oil on the open market due to the depreciation of the dollar versus the euro.
Venezuela is also considering making this change. Do they risk the same consequences as Iraq if they do? Lies, fraud, the blood of soldiers and the blood of civilians were exchanged for US dominion over another nation’s mineral wealth, Iraqi oil. Will this plunder happen again and will the real reason be conveyed to American people?
The fiat dollar was/is/will be printed willy-nilly to pay for war materials and bribes to prosecute this and other foreign wars of aggression. It is apparent to this writer that these unlawful, fraudulent and deadly actions were intimately connected to artificially holding up the exchange value of the fiat US dollar. The next time you open your wallet consider if those FRN’s aren’t really WMD’s, Worthless Monetary Debt-instruments and from the point of view of innocent Middle Eastern people Weapons of Mass Destruction as well.
“Published originally at EtherZone.com : republication allowed with this notice and hyperlink intact.”