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>Get A Peak At The Future Of Money

>The G-20 meetings taking place in and around London are not giving us the real story. While President Obama is hobnobbing with rulers and presidents of the world’s most financially — I was going to say powerful, but changed my mind — invested countries, his secretary of the Treasury, Tim Gaithner, is meeting in back rooms with his counterparts from those 20 nations.

And the topic is something that could hurt you financially unless you are prepared with enough assets, food, clothing, gold and housing that you don’t have to rely on money in the bank which won’t be worth too much, anyway. Experts think gold could go up to $5,000 an ounce. Wow!

Larry Edleson is touting gold — because the entire world wants to get off the dollar and create a new currency backed by the International Monetary System and a dollar won’t be worth much.That’s why Obama is depreciating the dollar with all of his targeted spending — outrageous spending, in fact.

If we were all smart, we’d stock up on commodities so we could live for a year without having to go to the grocery store. We’d own our homes so we don’t have to try and pay it off with those inflated dollars, or would you? No, come to think of it. Inflated dollars are fine — in fact if you owed $400,000 on your mortgage and a dollar became worth only a penny, .01 then everything you had to buy to subsist would be out of sight, but fixed debts could be paid off quicker with these cheap dollars. The ones who would be hurt would be those owning property that they thought they would sell — because everything will be different.

Here’s the report, and you decide who’s better off:

What you won’t hear much about, though, will be the secret meetings hidden from the media to forge a radical overhaul of the world’s monetary system.
Attendees at the G-20 meeting will strive to wipe the world’s debt ledgers clean.

The real goal of the G-20 meetings: Creation of a new financial order based upon drastically new units of paper or fiat money to help wipe the world’s debt ledgers clean.

How? By systematically and progressively devaluing existing currencies, especially the U.S. dollar, and re-inflating ALL asset prices.

If the plan shapes up as I think it will, my current target for gold of $2,270 could turn out to be ultra-conservative. Depending on how the new currencies are structured, we could ultimately be looking at $5,000 gold … or even higher!

Over the next few weeks, I recommend you keep your ears tuned to the media for phrases like “new financial architecture” … “new monetary system” … the “rules of the game” … “Bretton Woods II” … and other financial speak. They are essentially the cover words that will ultimately spell a dramatic change in the value of money.

And while the planning stages will occur behind closed doors, already the public cries for a seismic shake-up of the world currency structure are becoming louder and louder …

French President Sarkozy recently declared, “We must rethink the financial system from scratch, as at Bretton Woods” … and that it’s time to “change the rules of the game.”

British Prime Minister Brown touts “a new global financial order,” describing this as a “decisive moment” for the world economy to adopt a “new Bretton Woods.”

European Central Bank council member Ewald Nowotny calls into question the “centrality of the U.S. dollar” and further states that the U.S., Europe, and Asia are developing a “tri-polar global currency system to replace the current dollar-centric reserve structure with more centers of gravity.”

At the recent World Economic Forum, Russia’s Prime Minister Putin explains that “Excessive dependence on a single reserve currency is dangerous for the global economy.”

The People’s Daily, the official newspaper of the Chinese Communist Party and the unofficial mouthpiece of the Beijing government, warns of the threat of a “financial tsunami” and urges action. “The world urgently needs to create a diversified currency and financial system and fair and just financial order that is not dependent on the United States.”

On March 19, the United Nations Commission on Reforms of International Finance and Economic Structures, chaired by the 2001 Economics Nobel Prize-winning economist, Joseph Stiglitz, recommended that the dollar be replaced as the world’s reserve currency.

On March 23, the People’s Bank of China (PBOC), China’s central bank, proposed replacing the U.S. dollar as the international reserve currency with a new global system controlled by the International Monetary Fund.

Changing the value of a currency is nothing new. Government officials have talked the talk before. Treasury Secretary Donald Regan floated the idea in response to the Latin American debt crisis in 1982. The next year, when the French franc nosedived with three successive devaluations, it was President Francois Mitterrand’s turn to call for “a new Bretton Woods.”

Then, spurred by the emerging-market financial troubles of 1997-98, British Prime Minister Tony Blair opined, “We should not be afraid to think radically and fundamentally … We need to commit ourselves today to build a new Bretton Woods for the next millennium.”

In the past, whenever an international financial crisis crops up, authorities in high places have often referred to a new Bretton Woods “solution” (i.e., changing the value of paper money).

This time, though, given the Great Depression II, it looks like the current generation of leaders is ready to walk the walk. Indeed, they may have no other choice.

Historical Background:
The First Seeds of Major Global Currency Tampering —
The 1933 London Monetary and Economic Conference

The concept of changing the world’s monetary system to wipe bad debts clean and to start anew with a fresh ledger or balance sheet, if you will, is not new.

It dates back to Roman times when emperors successively devalued the Roman denarius to wipe out debts and spark asset inflation.

More recently, emerging economies have engaged in chronic currency devaluations to deal with their mountains of debt. But surprisingly to most analysts, the industrialized world has also tried to “change the rules of the game,” which is central-bank speak for altering the value of paper money.

And interestingly, the most famous historical precedent — almost an exact analogy to today’s emergency G-20 meetings — was a little-known but critically important meeting in 1933, called the London Monetary and Economic Conference.

At the depths of that Great Depression, the world’s leading economic ministers met to find a cure for the global depression … just like they’re doing today.

But when finance ministers, central bankers and government leaders met in London to work out a plan, President Franklin Roosevelt changed his mind at the last minute and refused to attend. By most historical accounts, he had decided that there was no time to bicker with other nations and that action needed to be taken immediately.

>What is This Obama, Some Kind of God?


by Don White

America’s “adoring crowds” don’t need to go to church on Sundays, don’t need a God — if you can believe the Associated Press and other liberal press, they not only “adore” President Obama, they almost worship him.

Don’t Be Devastated


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This, despite the fact that Obama and his cabinet (Timothy Gaithner, particularly) has lied to the American people while taking away their rights of debate before legislation is passed, nationalizing an AIG insurance company instead of letting it fail — now we the people own 80% of this failing giant.

In addition, Obama has bungled the war in Iraq and Afghanistan by sending 13,000 new troops without adequate supplies and ammunition or even a clear cut mission.

Does Obama only listen to the “adoring” crowds, or does he listen to heartland America which is saying 1) you’ve spent a lot of money — way too much — to salve your conscience and pay back election cronies and promises,

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2) you haven’t grown the economy, only 23% of your $800 billion goes for new jobs this year,

3) you approved your treasury secretary to enter into some mysterious cabal with the Fed Chairman Ben Bernanke to spend another trillion dollars without any oversight,

4) you should have let the unions and Detroit fail instead of pumping money into dead giants — our money and our children’s,

5) you’ve managed in three months to deflate our dollar, despite giving huge hunks (via “our” insurance company AIG) of our money to German, French, and British banks,

6) you want to take away our guns,

7) you are for abortion. You lied to the Pope about that, and the next day announced millions for abortion clinics in Europe,

8) you know nothing about growing jobs. You are heavily taxing the so called rich, the very people who create jobs the American way. Then you wonder why the stock market tanked? Haven’t you heard? Most Americans own stocks in their 401k programs, and these stocks help create important jobs. You’ve managed to reduce the value of those investments by a trillion dollars. Where’s your head?

9) you don’t read the bills you sign. The AIG bailout is proving a major embarrassment and a failure. Gaithner admitted he lied to the American people — he did know the bonuses were kept in the original bill, afterall. At least when the man lies he admits it, so get rid of him. He’s a political liability. One thing we can’t have in the White House is an “honest” lyer. But that’s the very thing you don’t do — admit mistakes, and there are plenty of them. When we Americans who value our country and our money roared out in complaint and horror at what “you” and Congress did viza vise AIG, you agree with Congress to pass a proprietary tax bill that is aimed only at a certain segment of the population, a 90 percent confiscatory tax which is probably unconstitutional at best and at least disgraceful.

You’ve covered your hindside so many times by hopping off to meet with Jay Leno and David Letterman to boost sagging approval ratings. Hey, the election campaigning is over. It’s high time you start leading a nation out of bankruptcy.

10) finally, when will you, Mr. Obama, take the advice of the Duke basketball coach Mike Krzyzewski and stop planning your “Final Four Brackets” and start solving our deep economic problems? Throwing money at the problems won’t cut it.

Mr. President, don’t you remember? “It’s the economy, stupid.” It’s the economic crisis that you need to solve — not pay back old debts, run around like a movie star, hold lavish parties in the White House while a nation of more than ten million unemployed wonder who they elected — a man who is ruining our country while dissing democracy.

Obama seeks patience, says economy will recover (AP)

President Barack Obama speaks beneath a giant California state flag at a town hall meeting at the Miguel Contreras Learning Center in Los Angeles Thursday, March 19, 2009.  (AP Photo/Reed Saxon)AP – Buoyed by “adoring crowds” far from Washington’s political wars, President Barack Obama guaranteed Americans on Thursday that the nation’s economy will recover, though he asked them for patience.