| Are
You Ready for SOCIALIZED MEDICINE??? |
http://www.breakthematrix.com/node/36616
Healthcare "reform" is a
hot topic, and we've just learned
Obama's new socialized healthcare bill is anticipated to pass by the
end of
July. Please help stop this $1.5 trillion travesty before it's
too
late:
Please share this
video and subscribe to our YouTube
channel for the latest updates
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action alerts.
* * * * *
GREAT work keeping up the pressure on Congress to suppport HR
1207 and S 604! S 604 has two co-sponsors (DeMint & Vitters) and HR
1207 is
up to 232! This is an amazing victory, and a true testament to
our
power when we come together to stand up for what's right.
* * * * *
Also, don't forget to tune
into Freedom Watch
LIVE at 2pm EST every Wednesday - this week's show has Judge Napolitano
with Ron Paul, Peter Schiff, Dr. Yaron Brook, Rockwell, Woods, Mike
German
& John Pappas. If you miss the live show, we'll post the
YouTube
videos at BreakTheMatrix.com
sometime Wed. evening.
* * * *
*
Thanks for all of your
support & efforts to help spread the message!
Shelly
CTO,
BreakTheMatrix |
The Secret History
of
Government Debt (Treasury Bonds)
One of the biggest lies
in history is the idea that government debt is a “safe haven.” Today
we’re going to revisit one of The Sovereign Society’s favorite “hidden
histories” for the real scoop…
Dear A-Letter Reader,
It was one of the greatest heists in history.
The
scene? London, 1660. The perpetrator? King Charles the II...of England.
The loot? All the gold he could con out of the country's goldsmiths,
bankers and businessmen in a lifetime. The tool?
A stick. A Tally Stick.
Tally
Sticks were a brilliant invention. But they were also insidious, as
they formed the foundation for the fiat currency systems we still have
today. One where the root of a currency's value is in a promise from a
faceless institution, and not in the actual value of a tangible object…
Counterfeit-proof Receipts for an Illiterate Public
Put
into use about a thousand years ago, they were a common sense solution
for a young, "gold and goods" economy where gold was scarce. By the
time of the heist they were used in everyday transactions.
Here's how
it worked…
When
a loan was made, the debt was carved in a standard fashion on the
surface of a small (preferably hazel-wood) stick, and then the stick
was split in half through the center of the carving.
The
longer end of the IOU was given to the purchaser, and its handle was
called the 'stock'...the root of the word's use in today's markets.
Even
a mostly illiterate public could read the amount scratched into the
wood, and the stick would only fit perfectly with its original other
half. That way, when the debtor returned with the money (or goods)
owed, the sticks would be matched and the debt would be "tallied."
In
that fundamental use, they worked perfectly. But of course - as is
governments' way - the King was tempted to stretch those bounds…
King Chuck to the Rescue...of Nobody
Charles II ruled at a time when royal power was
still based on a "divine mandate". His government and institutions -
and indeed he himself - saw the King as a "Chosen One."
Which
was a real shame for him…because it bound him to the laws of
Christendom. And Christianity at the time still forbade
lending or
borrowing with 'usury' (interest). So he had trouble in
terms of
"living like a king" and financing several failing wars against various
neighbors.
Instead he turned to the
trusted tally...and the keen idea of selling his (government) tallies
(debt) at a discount. That way, he could allow his lenders to profit
without charging interest...it's the basis for government debt being
sold at a discount today.
And he
could issue advance tallies for 'emergency spending'...an idea that
proved all too tempting. He sold the tallies collected by his Excheqeur
(tax collector) from the country's Sheriffs, essentially trading future
tax receipts to the country's goldsmiths (bankers) for quick cash.
The
tallies were receipts for taxes to be paid later in the year...and this
is a crucial part of the story. They weren't trading on the value of
the objects being traded, but on the cost of waiting for a return and
the government's ability to collect taxes and keep honest.
But if the government is not honest,
this is an outright Ponzi scheme...one where new debt issue could
theoretically pay for passing bills, for a while.
The King realized that he'd stumbled onto something big. He could wage
all the war he wanted and pay his bills with hazel-wood sticks. The
King spent and spent, and the goldsmith's vaults filled up with more
and more sticks.
Read
the full story here...
