is the second installment in critical bills that need to get introduced
in your state legislature this coming January. As I pointed out in
my last column, bills have to be written by Thanksgiving for distribution
to committees. If you wait until January or February, it will be way too
Vieira asked in a February 2012, presentation: "If the Federal Reserve
System collapses in hyperinflation in the near future, exactly what will
the State and her citizens then use as their currency?"
point in time, nothing, because not one state in this Union is prepared
for the inevitable.
many Americans do understand the problem with fiat currency and the "Fed",
I would guess a hundred million don't and neither do enough members of
the 50 state legislatures or they would have addressed this massive problem
years ago. So, it is up to you to get this information to your state representative
and get a commitment to introduce a bill in January. Better if you can
do it as a group like tea party or 9-12 chapters. But, it takes boots
on the ground and effort. I have
already mailed my package for the bill challenging ratification of the
Seventeenth Amendment. Have you? If we do nothing, how can we expect
to get critical issues addressed and solutions implemented?
thought what began in 2007 and finally blew a fuse in 2008 was bad, they
haven't seen the worst of it...yet. Remember: those who have worked hard
and accumulated wealth are the ones (just like little businesses) who
create the jobs. When they lose their fortunes, you will see many more
businesses go under. Since 2008, some 220,000 small business have gone
belly up. All of this does affect the states of the Union in higher unemployment,
Medicaid, welfare and crime.
‘Massive Wealth Destruction’ Coming, Well-to-Do ‘May
stated, “I think somewhere down the line we will have a massive
wealth destruction. That usually happens either through very high inflation
or through social unrest or through war or credit-market collapse.”
would say that well-to-do people may lose up to 50 percent of their total
points out that this bleak outlook for the United States has been caused
by Federal Reserve Chairman Ben Bernanke and the Federal Reserve's continuous
printing of new money.
says that the bailout and money printing will not create any long-lasting
wealth or create healthy growth, and that the collapse will come on Bernanke’s
Heading Towards a Collapse Worse Than 2008 & Europe! Says Peter Schiff
to CEO and Chief Global Strategist of Euro Pacific Capital Peter Schiff,
the U.S. economy is heading for an economic crash that will make 2008
look like a walk in the park. Stimulus programs can delay this day of
reckoning, but only for so long and only at the expense of making the
eventual meltdown much, much worse.
who famously warned investors about the housing and financial crisis in
his 2007 book Crash Proof, says the Fed's palliative efforts during the
housing meltdown have made the next crisis inevitable.
got a much bigger collapse coming, and not just of the markets but of
the economy," Schiff says in the attached clip. "It's like what
you're seeing in Europe right now, only worse."
this nightmare scenario detailed in The Real Crash: America's Coming Bankruptcy,
the current economic pause is actually the beginning of a material slowdown
or recession into year end. At that point, the Federal Reserve will unleash
a third round of Quantitative Easing — weakening the dollar without
jump-starting the economy. As a result of dollar weakness, import prices
rise, pressing the margins of corporate America. Lower margins lead to
heavy layoffs, sending millions of workers into unemployment during a
time when they can least afford it. Banks fail, housing collapses, and
taxes are raised in a futile effort to give the tapped-out government
the capital to try yet more futile stimulus.
when it really is going to get interesting, because that's when we hit
our real fiscal cliff, when we're going to have to slash — and I
mean slash — government spending," says Schiff.
cuts will not be at all unlike the draconian austerity measures in Greece,
with programs like Social Security and Medicare being dramatically cut
or possibly disappearing entirely. The easiest way to put it, is that
everything you don't think could possibly happen in America will come
on one with John Williams
who thinks the U.S. is in recovery should stop listening to the mainstream
media and listen to John Williams. He heads up Shadowstats.com, and is
one of the few economists who crunches the numbers to give unvarnished
true statistics. Adjusted for real inflation of about 7%, Williams says,
“GDP has plunged, and we have been bottom bouncing” ever since
the financial crisis started. Williams says, “The next crash will
be a lot worse (than 2008) because it will push us into the early stages
of hyperinflation.” He predicts this will happen “by the end
of 2014– at the latest.” Long before 2014, Shadowstats.com
thinks there is a good chance of “panic selling of the U.S. dollar,”
if the Federal Reserve starts another round of money printing (QE3) to
save the system and the big banks.
matter what Williams predicts, “There will eventually be a crisis
to bring the system down as we know it. . . . We’re on the brink.”
According to Williams, “at some point, you will see a new currency
in the U.S.” The founder of Shadowstats.com sat down for a one on
one interview with Greg Hunter to talk about the mathematical certainty
of a systemic collapse in the not-so-distant future."
individuals above are no light weights and people had better listen to
what they're saying. State legislators had better wake up and smell the
disaster about to hit the state houses like a tsunami. That's why this
bill is so important.
this bill, you need a cover letter if you (or a group you're affiliated
with) can't meet with your state rep personally. No email. What should
you put in this package?
Working Paper. As I explained in the first installment, a working
paper is to demonstrate to your state representative the need for a bill
and why it benefits the state and her citizens.
Print out Dr. Edwin Vieira's nine
page presentation for a bill in Montana and include it with the working
paper. That document will show your state representative that other states
are at least making some effort. I can tell you that the biggest problem
besides ignorance on the part of state legislators is party politics.
In all their stupidity, I have watched 'sound money bills' get killed
by one party or the other ignoring the consequences of their actions.
out the South Carolina bill I included in the Working Paper. While
that bill is far from being perfect, it is a start.
model piece of legislation Dr. Vieira wrote for the states and included
in his two volume work, Pieces of Eight: The Monetary Powers and Disabilities
of the United States Constitution (2002), the most comprehensive
study in existence of American monetary law and history viewed from a
constitutional perspective. Print it out for your package.
There are three other documents that need to be put on a CD and included
in your package. They are too long to print out, but anyone who reads
them (like your state representative) will fully understand the problem,
how perilous the situation is and hopefully, move them to get a bill written
of Edwin Vieira, Jr., with Respect to the Authorization for a Study Commission
to Investigate the Need for An Alternative Currency in Virginia, February
Introductory Primer on The Constitutional Authority of the States to Adopt
An Alternative Currency by Edwin Vieira, Jr., 2011
in Money and Banking Has Led America to Fascism - Address to the Annual
Spring Meeting of the Committee for Monetary Research & Education,
Union League Club, New York City, May 17, 2012
of Americans have been broad sided by what began in 2008 and will only
continue to get worse. The Outlaw Congress absolutely refuses to take
corrective action. Look at what has happened with the bill just to audit
the privately owned "Federal" Reserve. It's taken years to get
the bill passed by the house, but Harry Reid isn't going to allow it to
get passed in the Senate. Rep. Ron Paul's bill in 2007, to absolish the
unconstitutional "Federal" Reserve didn't get a single sponsor.
In the meantime, we have all paid the price.
consequences to all of us if the states don't take action on this issue
Next Banking Scandals Ready To Explode
America: The towns left in financial ruin
Libor Scandal In Full Perspective
The Next Detroit by Porter Stansbury
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