Saturday, October 12, 2013

USA: The Fraud of the Trillion Dollar Coin - Obama to Raise debt by using it to bi-pass Congress

The Rumor Mill News Reading Room 

USA: The Fraud of the Trillion Dollar Coin - Obama to Raise debt by using it to bi-pass Congress
Posted By: Susoni [Send E-Mail]
Date: Saturday, 12-Oct-2013 20:56:39

A long time RMN reader sends this into us and is an incredible tale backed by many News stories. I admit I know little about this and welcome insightful feedback on this course of action.
Thanks..
Susoni
**************************************************************
The fraud of the Trillion Dollar Coin is that it subverts the constitution, and undercuts the law made by Congress to put a limit on what we borrow from international money mongers.
The debt ceiling was a disciplinary act to prevent Congress from borrowing more from Rothschild Banking System -- the monster which gets bigger every time you feed it.
But the Obama adminstration, Goldman-Sachs, Ellen Brown, Paul Krugman, Congress and all of the big names below -- all backing a dirty politics fraud that makes the passage of the Federal Reserve Act in 1913 look like the signing of the Declaration of Indpendnece.
Here is how organized crime - controlling all of these money pundits, politicians and prostituted economists -- has arranged for Obama to get around the constraint of sparation of powers in "control of the purse strings" (funding government through acts of Congress).
Congress was tricked by lobbyists into passing a low permitting the minting of a commemorative coin made of platinum, the denomination left to the discretion of the treasury. Commemorative coins exist for selling to collections, but that is not why the lobbyists fought for this one. Once Congress approved of such a token -- how many of those who voted for it know its real purpose I cannot guess -- certainly the small cliques at the top knew its importance. As I was saying -- once Congress approved this commemorative they they had given away their power of the purse to the President.
Obama has now been authorized to make a platinum coin of any denomination -- and yes, commemorative US coins do always sell for some price above the commodity price of the material of which they are made. Obama now had "authorization" to make the trillion -dollar coins. All that was needed was to round up the whores who sold you gold and other monetary scheme (Ellen Brown, Michael Hudson) and the usual stable of mainstream malpracitce economists (Krugman in the lead) to push the idea that the trillion dollar coins would sove a crisis. What crisis? Why the contrived Debt Ceiling Crisis no being sensationalized and dramatized in the halls of Congress, on the front page and all over the electronic media including especially among those whose intellectual powers all go to tweeting for this and that.
Once this "harmless" "solution" to the "debt ceiling crisis" is resolved, guess what? Rothschild won't need Congress any more.
--------
Trillion Dollar Coins: The Ultimate Debt Ceiling End-Around? - ABC
Have the U.S. Treasury print a trillion-dollar platinum coin to pay off
http://abcnews.go.com/blogs/politics/2013/01/trillion-dollar-coins-the-ultimate-debt-ceiling-end-around/
Three ways to abolish the debt ceiling - The Term Sheet: Fortune's
http://finance.fortune.cnn.com/2013/09/30/debt-ceiling/

$17 Trillion Transferred to the 1% due to the simple law that permitted front-loaded interest mortgage payment schedules.

Americans have lost over $17 trillion of wealth in home refinancing due to front-loaded interest-principal repayment schedules in the last 20 years. Each time they refinanced they put themselves back to the beginning of the pay-interest-before-principal repayment.
The money from these refinancing loans -- almost always a few thousand more than the actual refinancing price (to allow paying off of 18 percent credit card debt) was, ironically enough, the main source of money in the domestic economy -- as big bank lending for increased production capacity or even replacement was not being made. All this when we could have had ample money, as Edison, Kitsen, and (more-or-less) Douglas proposed through the provision of thin-air fiat money that is not debt-based and that can stay in circulation permanently rather than being sucked away by debt service and dragging compound interest with it.
No one responding to my posts. Either they are not getting through -- a sign that they are on target. Or the people are reading it and afraid to comment or pass it on because they know it is true and they know the Money Power is counting heavily on it succeeding. THere will be trillion dollar platinum coins deposited by Obama - subverting the separaion of powers = and in effect ending the checks and balances system of spearation of powers that has been the hope of maintaining the people's freedom against an encroaching executive and his money mongering backers.
The fraud of the Trillion Dollar Coin is that it subverts the constitution, and undercuts the law made by Congress to put a limit on what we borrow from international money mongers.
The debt ceiling was a disciplinary act to prevent Congress from borrowing more from Rothschild -- the monster which gets bigger every time you feed it.
But the Obama adminstration, Goldman-Sachs, Ellen Brown, Paul Krugman, Congress and all of the big names below -- all backing a dirty politics fraud that makes the passage of the Federal Reserve Act in 1913 look like the signing of the Declaration of Indpendnece.
Here is how organized crime - controlling all of these money pundits, politicians and prostituted economists -- has arranged for Obama to get around the constraint of sparation of powers in "control of the purse strings" (funding government through acts of Congress).
Congress was tricked by lobbyists into passing a low permitting the minting of a commemorative coin made of platinum, the denomination left to the discretion of the treasury. Commemorative coins exist for selling to collections, but that is not why the lobbyists fought for this one. Once Congress approved of such a token -- how many of those who voted for it know its real purpose I cannot guess -- certainly the small cliques at the top knew its importance. As I was saying -- once Congress approved this commemorative they they had given away their power of the purse to the President.
Obama has now been authorized to make a platinum coin of any denomination -- and yes, commemorative US coins do always sell for some price above the commodity price of the material of which they are made. Obama now had "authorization" to make the trillion -dollar coins. All that was needed was to round up the whores who sold you gold and other monetary scheme (Ellen Brown, Michael Hudson) and the usual stable of mainstream malpracitce economists (Krugman in the lead) to push the idea that the trillion dollar coins would sove a crisis. What crisis? Why the contrived Debt Ceiling Crisis no being sensationalized and dramatized in the halls of Congress, on the front page and all over the electronic media including especially among those whose intellectual powers all go to tweeting for this and that.
Once this "harmless" "solution" to the "debt ceiling crisis" is resolved, guess what? Rothschild won't need Congress any more. The president alone will have the power to do all he transacting for financing wars and so on that people want. He has authority to mint the coins and deposit them in the Fed (no restricting on the Treasury making deposits in the Fed of legal money it holds) -- so COngress is obsolete. A false-flag terrorist is now free to blow it up -- watch for a day when Feinstein, Schumer, Pelosi, Jayu Rockefeller, McCain ... name your own "favorites" -- are out of town -- It will be no skin off Rothschild's nose, nor the Rockefeller clan's either. Just keep it deadlocked -- its good for filling empty news time.
Be Ready To Mint That Coin - New York Times
Paul Krugman
http://krugman.blogs.nytimes.com/2013/01/07/be-ready-to-mint-that-coin/?_r=0
The Treasury Has Already Minted Two Trillion Dollar Coins - Forbes
http://www.forbes.com/sites/kotlikoff/2013/01/19/the-treasury-has-already-minted-two-trillion-dollar-coins/
Obama distracts with shiny trillion-dollar-coin reference
http://blogs.marketwatch.com/capitolreport/2013/10/08/obama-distracts-with-shiny-trillion-dollar-coin-reference/
Reppert Murdoch is for the Trillion Dollar Coin Too
A trillion dollar coin -- hey, let's mint it! | Fox News
Bloomberg:
http://www.foxnews.com/opinion/2013/01/11/trillion-dollar-coin-hey-let-mint-it/
Economics Is Platinum: What the Trillion-Dollar Coin Teaches Us
http://www.bloomberg.com/news/2013-01-14/economics-is-platinum-what-the-trillion-dollar-coin-teaches-us.html

No comments: