Title: The Federal Reserve Is Deliberately Devaluing the American Dollar - At The Same Time Other Key Central Banks Are Devaluing Their Currencies!
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THE CUTTING EDGE
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The U.S. Federal Reserve is taking action unprecedented in American history. This privately-owned Central Bank is taking steps to directly issue debt notes rather than taking this action through the Treasury Department. This is a step which is rightly raising eyebrows all around the world. What, exactly, is the Fed doing and what does this action portend for the American economy?
NEWS BRIEF: "Is The Fed Taking The First Steps To Selective Default and Devaluation?", Jesse's Cafe Americain, 10 December 2008
"... the Fed surprises us all with their lack of transparency. They are asking Congress about permission to issue their own debt directly, not tied to Treasuries. This is known in central banking circles as 'cutting out the middleman.' Not only does the Treasury no longer issue the currency, but they also no longer have any control over how much debt backed currency the Fed can now issue directly."
Until now, the privately-owned Federal Reserve had to work with the Treasury in issuing debt. This arrangement at least ensured that a government official, who reported to the President, who reported to the voting people, was responsible for all that the Federal Reserve issued. If this arrangement is now going to be debunked, then unelected officials at the Fed will be able to issue debt at levels which the Treasury might not approve. If the Fed wanted to sink the entire economy under the weight of unsupportable debt, then they could do so. This is the normal beginning of the end of the currency, and quite possibly, the entire economy.
"If the Fed were able to issue its own debt, which is currently limited to Federal Reserve Notes backed by Treasuries under the Federal Reserve Act, it would provide Bernanke the ability to present a different class of debt to the investing public and foreign central banks. The question is whether it would be backed with the same force as Treasuries, or is subordinated, or superior. There will not be any lack of new Treasury debt issuance upon which to base new Fed balance sheet expansion. The notion that there might be a debt generation lag out of Washington in comparison with what the Fed issues as currency is almost frightening in its hyperinflationary implications."
Third World "banana republics" take this action all the time. Usually, hyperinflation wipes out the currency in short order. Is this what the Federal Reserve has in mind?
"This makes little sense unless the Fed wishes to be able to set different rates for their debt, and make it a different class, and whore out our currency, the Federal Reserve notes, without impacting the sovereign Treasury debt itself, leaving the door open for the issuance of a New Dollar."
Did you catch that last phrase?
"leaving the door open for the issuance of a New Dollar."
As the wheels grind toward the creation of a North American Union -- Canada, the United States, Mexico -- the central part of this new nation would be the currency, supposedly called the "Amero". We have long postulated that the U.S. Dollar would have to be devalued greatly before the American people would allow a new North American Union currency to be created.
We have also long believed that the AMERO currency might be issued in the same way as the EURO was created. When the EURO was introduced, the other currencies of Western Europe were allowed to stay in place, just as they had been. As the EURO was introduced, the average person and businesses were given the choice between doing business in local currencies or in the new EURO currency. Since the local currencies fluctuated in value, and the EURO did not fluctuate, the new EURO quietly gained acceptance, especially within the business sector. Businessmen loved the idea of signing a long-term contract with this new fixed currency, knowing that their profit margins which they had anticipated when they signed the contract were not eroded in any way during the length of the contract.
We anticipate that the AMERO will be issued in the same manner. It will be created and set in place alongside the American and Canadian Dollars and the Mexican Peso. This move will largely disarm the patriots who see the new currency as a threat to the national sovereignty of their beloved nation. But, the very existence of the fixed rate AMERO will sound the death knell to all three existing currencies. Existing currencies will begin to wither and die on the vine.
It makes sense for the Federal Reserve to start the steps necessary to create the AMERO by devaluing the American Dollar and it really makes sense that this process would be developing seamlessly out of the financial crisis with the banking industry and now with the automakers. The Illuminati certainly knew what they were doing when they planned and carried out their crisis in the currency and in the credit system, for that is the lifeblood of the entire economy.
Now that the Federal Reserve Central Bank has taken on a great deal of increased authority within the American economy, and now that the extremely controlled Fascist Economy is taking hold, it seems the right time to extend the currency and credit crisis to the value of the American Dollar.
One thing I have noticed is that, at the same time the American Federal Reserve is taking steps to devalue the American Dollar, currencies around the world are being deliberately devalued. The British Pound is taking a beating from the EURO. The Russian central bank is devaluing the Ruble. The Chinese central bank is devaluing the Yuan.
What this means is that there is no currency in the world for investors to flee to. Holders of American Dollars will not be tempted to sell their Dollars so they can buy the currency of another major nation. They are literally held in place, hoping that they will not get wiped out by a steadily declining Dollar. Therefore, when the new AMERO is offered, and they are given a good initial rate for conversion, they will jump rapidly at the chance.
Likewise, all citizens whose retirement accounts are in American Dollars or the Mexican Peso will jump at the chance to convert their troubled, fluctuating currencies to the fixed AMERO. Therefore, we are not surprised to learn that the Federal Reserve is seamlessly beginning to move to devalue the American Dollar, an action which cannot have but one end, i.e., the creation of the North American Union.
This development is exciting because the creation of the North American Union is part of the developing fulfillment of the 10-Nations prophecy of Daniel 7:7-8 (Read NEWS1002, entitled, "NAFTA: The Shocking Rest of the Story")
We are witnessing the unfolding of one of the greatest fulfillment of Bible prophecies ever!
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