Thread: Lord Monckton: THE DOLLAR AND THE USA IS TOAST - China prepping for final collapse

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THE DOLLAR – AND THE USA – IS TOAST

Exclusive: Lord Monckton sees China prepping for final collapse of America

Published: 17 hours ago
LORD MONCKTON

Obama has done it. He has brought America down. It only took him just over four years. The Republicans could have stopped him. They didn’t.

How did the nihilistic left succeed in destroying America? Simple. They learned just a little of the capitalism they hate, and they drove your nation into outright bankruptcy.

And here is what the GOP has to say about it: just about nothing.

The once-mighty United States is now the most indebted nation on Earth. In round numbers, here are just some of the vital statistics as the patient dies:

National debt: $17 trillion, or $50,000 per man, woman and child, or $150,000 per taxpayer. Annual federal deficit: $1 trillion. Medicare/Medicaid/Obama”care”: $1 trillion a year. Social Security: another $1 trillion a year. Defense: two-thirds of a trillion. Unemployment handouts: $2 billion per working day. Debt interest: $1 billion per working day. Federal pensions, ditto.

Now for the big numbers. Your government’s Social Security liability is as big as the national debt: $17 trillion. Its prescription drug liability is $22 trillion. Then there’s the Medicare liability of $86 trillion. Total unfunded liabilities of the U.S. government are $125 trillion.

Net assets for each U.S. citizen are $300,000. The net liability of the U.S. government, shared among its citizens, amounts to almost four times that: $1.1 million a head. And the government’s debt is growing at $1 million every 45 seconds. To cover its annual deficit, it is printing $1 trillion a year of currency that is not backed by any asset whatsoever.

Here is what will happen next. When the crash comes, don’t say you weren’t given fair and clear warning.

First, the dollar will cease – no, make that “is already ceasing” – to be the world’s reserve currency. China, as I have been warning you she would, has realized the dollar is finished. So she is quietly making startling progress with bilateral and multilateral deals to replace the dollar with the yuan as the world’s currency of choice.

Sterling, once the world’s reserve currency, went precisely the same way in 1967 under orders from Moscow, which then largely controlled the governing Socialist Labor party in Britain.

After the Second World War, the Socialist/Communist governments of Attlee and Wilson bankrupted Britain with health-care and welfare programs and nationalization of industries. Inflation rose to 27 percent.

Obama’s copycat policies are different in only one respect. Moscow is no longer calling the shots. International totalitarianism no longer needs direction. Its cruel, hate-filled, destructive mission now advances on autopilot.

Watch some of the straws in the wind. China and Korea have come to a little-noticed agreement that international trade between them will no longer be denominated in U.S. dollars, but in yuan, or Won.

Behind the closed mahogany doors of the world’s finance houses, elaborate and secret preparations are being made for the upheaval and international financial collapse that will follow the deliberate printing-out and consequent implosion of the dollar.

Your GOP representatives should be, but are not, asking the administration to reveal to them the ever-tougher terms on which the Chinese continue – with ever-greater reluctance –to lend money to keep their communist ally in the White House afloat.

Do not believe China cannot afford to let her biggest creditor fail. She can, she will, and she is making careful preparations to do just that.

If you thought the crash of 2008 was bad, think again. The crash that is coming –I cannot put a date on it, but it is not far away now – will be orders of magnitude worse.

So, what should you do to protect yourself and your family? First, get rid of every dollar you have. Dollars are now all but worthless. When the crash comes, they will have no value at all.

In hard times, most financial instruments – currencies, stocks, bonds – are not worth the paper they are printed on. Get rid of them now. Buy silver coins. They will quintuple in price once the crash sets in, and they are small enough to be fungible when the dollar dies.

Buy land, some of it well-wooded, some of it arable, some of it grassland. You will need the timber to power your steam tractor. Gasoline will be a costly rarity. And make sure you can defend yourselves. Starving mobs are no respecters of persons. Do what the Mormons do: Get three months’ supply of imperishable foodstuffs and hide them in the basement.

Absurd though this advice may now seem, there is a real danger that the crash will sudden. If so – perhaps for several months, and even for years – the fabric of civilization, including the food-supply chain, will fail.

It is not my custom to write in millenarian or apocalyptic terms. But the very best that can be said for your current administration is that it simply has no idea what damage it is doing. It is printing money in the vain hope of buying itself time. Yet every fake dollar that comes off the printing-presses makes the problem worse and the solution harder.

At worst, what is now happening to your nation may be deliberate. In that event, your current “president” will go down as history’s greatest villain. In any event, he will go down as history’s greatest incompetent.

Do not believe none of this can happen. Psychiatrists study what they call “normalcy bias.” People expect that everything will carry on and that America is too big to fail. She is not. She has failed. You will pay a heavy price for her failure, unless you act now to defend yourselves against what your government, with the culpable, silent acquiescence of the GOP, is doing to destroy your nation.

Finally, pray. God bless America. It has been nice knowing you. Only when you are gone will the world realize how much it misses you, and – paradoxically – how much it owes you.


Read more at http://www.wnd.com/2013/05/the-dolla...kbgvcQPjbHi.99

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The Collapse In The Rule Of Law

Monday, April 29, 2013 7:25
(Before It's News)

One of the critical factors that contributed to the collapse of Empires, Nations, and City States is when the Rule of Law collapses. Some have asked where they can read more about jurisdiction and the Rule of Law. William Blackstone published in 1765 the seminal work on this subject. His writing served as the foundation upon which the United States was born. The Founding Fathers used his work, Commentaries on the Laws of England, to establish the Rule of Law in America.

The Rule of Law is being assaulted everywhere, but never as great as it is among the Anglo-Saxon nations. In Australia, we also see the drive to eliminate the right to remain silent and the denial of the right to the presumption of innocence. These are critical aspects of freedom.

http://www.smh.com.au/nsw/right-to-remain-silent-at-risk-under-ofarrells-legal-crackdown-20120814-246vy.html

The right to remain silent is the right to remain free from torture. The right to the presumption of innocence is the Biblical right in Genesis to Due Process of Law where God, who knew was Cain had done to his brother, (1) summoned him, (2) gave him the right to be heard, and (3) then sentenced him to exile. The eye for an eye (lex talionis) was never the divine decree, but merely the adoption of the Sumerian and Babylonian law that preceded the Bible. This is why Christ preached compassion and turn the other cheek preventing the stoning of a woman and did not subscribe to the lex talionis for clearly not even Cain was put to death for killing his brother. These are clear inconsistencies with the way the law is applied.

The Miranda decision of the Supreme Court came only after the abuse of decades by American police. The Miranda decision is hated by police, prosecutors, right-wing judges, politicians and citizens, based that decision upon the history of the right not to be coerced that began with the famous trial of John Lilburn (1615-1657) before the English court of the Star Chamber in 1637 where he stood tall and objected to the King’s torture. Lilburn’s crime was handing out pamphlets against the king for he was the great leader in the Leveller Movement of the 1640s and was a prolific pamphleteer who defended religious and individual liberty of the people. He was imprisoned many times for his views and was active in the army of the New Parliament rising to the rank of Lieutenant-Colonel. In October 1649 he was arrested and tried for High Treason for printing and circulating books and pamphlets critical of the government but was acquitted of all charges by a jury of his peers.

Not until 1647, do we find that people were given any notice of the law for then a pamphlet entitled The Lawyers Baneurged members of Parliament to summarize and publish the corpus of statutory law enacted over the centuries because men should “understand those laws and ordinances by which their rights, privileges, interests, and estates are secured.” This tyranny is also prohibited in the US Constitution known as the Ex Post Facto Clause whereby no one shall be held criminally for a crime enacted retroactively. Of course, pro-government judges have declared that does not apply to property, only one’s life and person.

This is the atmosphere surrounding the protests of John Lilburne. He defended himself vigorously in court, quoting from the works of the great jurist Sir Edward Coke (1552-1634) whose work the Institutes was the seminal statement of English law. The Miranda decision quoted this right to remain silent enshrined in the Constitution of the United States known as the Fifth Amendment right against compelled Self-Incrimination. Lilburn proudly declared:

“Another fundamental right I then contended for, was, that no man’s conscience ought to be racked by oaths imposed, to answer to questions concerning himself in matters criminal or pretended to be so.”

This is what governments are doing. They are taking away all the safeguards that we cherished and so many died for defending those liberties. Politicians who advocate their abolishment, are no worthy of any power whatsoever.

via Alt-Market.com

Delivered by The Daily Sheeple

Contributed by Martin Armstrong of ArmstrongEconomics.com.
2013-04-29 07:00:37
Source: http://www.thedailysheeple.com/the-collapse-in-the-rule-of-law_042013

http://beforeitsnews.com/alternative...w-2633144.html