THE NATIONAL & STATE DEBT RETIREMENT AND NATIONAL COMPREHENSIVE UNEMPLOYMENT INSURANCE FUNDING LOTTERY AND MARTIN LUTHER KING DAY CITIZEN NEEDS FUNDING GRANT ACT!

 

WHEREAS, Society’s common social needs such as defence, schools, public roads, comprehensive unemployment compensation, social welfare needs, that cannot be provided for by the single individual citizen alone, are paid for by tax levies and/or government enterprise revenues, such as state sponsored lottery’s and government bond debt finance.  Since the majority of States have State sponsored lotteries and we as a Nation have need for a reliable national common pool revenue source, the time for a federated national lottery has arrived!

 

WHEREAS, The rich of our society (i.e. our modern day money-changers) are not going to pay tax levies voluntarily and our society’s common social needs must be paid for we are proposing the NATIONAL & STATE DEBT RETIREMENT AND NATIONAL COMPREHENSIVE UNEMPLOYMENT INSURANCE FUNDING LOTTERY AND MARTIN LUTHER KING DAY CITIZEN NEEDS FUNDING GRANT ACT!

 

WHEREAS,  OUR GOVERNMENT REPRESENTATIVES HAVE DEMONSTRATED THAT THEY DO NOT NOW HAVE THE INTEGRITY AND CAPACITY TO MANAGE OUR GOVERNMENT FINANCES (I.E. OUR MONEY) BY THE NATIONAL DEBT MESS AND THE workings of the American Legislative Exchange Council (ALEC) http://www.alecexposed.org/wiki/ALEC_Exposed/   that have been exposed as a MONEY-POLITICAL- CORRUPTION circus..  A MONEY-POLITICAL- CORRUPTION circus that has given our country twenty-five percent of the people in the world in prison while being only four percent of the world's population. It is time NOW to put in a Legislated Money Management System in place to systematically retire the NATIONAL & STATES DEBTS AND NATIONAL COMPREHENSIVE UNEMPLOYMENT INSURANCE,  PLUS AUTOMATICALLY FUND OUR SOCIAL AND ECONOMIC ADVANCEMENT NEEDS!

 

WHAT,  ENACT A VOLUNTEER PARTICIPATION NATIONAL LOTTERY TO SYSTEMATICALLY RETIRE THE NATIONAL & STATES GOVERNMENT DEBTS, AND NATIONAL COMPREHENSIVE UNEMPLOYMENT INSURANCE,  PLUS THE ENDOWMENT FUNDING OF AN INDIVIDUAL DEVELOPMENT ACCOUNT TRUST AGREEMENT (IDATA) FINANCIAL SUPPORT SYSTEM FOR CITIZENS IN FINANCIAL AND/OR SOCIAL DISTRESS SITUATIONS!

 

SHORT NAME OF LAW, THE NATIONAL & STATE DEBT RETIREMENT FUNDING AND NATIONAL COMPREHENSIVE UNEMPLOYMENT INSURANCE LOTTERY AND MARTIN LUTHER KING DAY CITIZEN NEEDS FUNDING GRANT ACT!

 

WHY, THE WORLD IS LOOKING AT US ASTONISHED THAT WE THE PEOPLE OF THE UNITED STATES THE SOVEREIGN CITIZEN RULERS OF OUR SOCIETY HAVE ALLOWED OUR SYSTEM OF GOVERNMENT TO BE CORRUPTED TO THE POINT OF SELF-FINANCIAL-DESTRUCTION! THE ACT WILL TAKE STRUCTURAL MANAGEMENT OF GOVERNMENT DEBT OUT THE HANDS OF OUR GOVERNMENT REPRESENTATIVES AND PLACE IT IN THE HANDS OF THE PEOPLE - BECAUSE THE ACTS APPROACH TO RAISING GOVERNMENT REVENUE IS CITIZEN VOLUNTARY PARTICIPATION, THE BORROW AND SPEND - TAX AND SPEND SPECIAL INTEREST GROUPS DO NOT HAVE AN OPPOSITION PLATFORM BASIS TO BLOCK THE PASSAGE OF THE ACT!

 

FYI...sounds good to me

 

PREAMBLE

 

*I have totally cleaned this e-mail from all other names, sending it to you in hopes you will keep it going and keep it clean.  This is something I will fight for and  I hope you all read it all the way through.  You will be glad you did.

 

LEGAL ACTION ARCHETYPES

 

*The 26th amendment (granting the right to vote for 18 year-olds) took Only 3 months & 8 days to be ratified!

 

Why?  Simple!  The people demanded it. 

 

That was in 1971...before computers, before e-mail, before cell phones, etc. 

 

Of the 27 amendments to the Constitution, seven  (7) took  1 year or less to become the law of the  land...all because of public pressure.

 

HOW THE ACT WOULD WORK

 

The purpose of the act is to create a National Lottery Enterprise Revenue and Volunteer Tax Levy System that funds National & State debt retirement with comprehensive unemployment insurance funding pool; an access to capital credit resource for all businesses, especially small and medium size for their advancement and to create a Permanent Individual Citizen Economic Security Advancement FINANCE Support System.  The National Lottery Enterprise Revenue and Volunteer Tax Levy System will function to MOBIILIZE THE GREAT ASSET WEALTH OF THE CITIZENS OF THE UNITED STATES TO WORK FOR THEIR MAXIMUM BENEFIT.  INFORMATION ON THE GREAT ASSET WEALTH OF THE CITIZENS OF THE UNITED STATES CAN BE OBTAINED BY VISITING THE WEB SITE http://cafr1.com/

 

The current economic and social distress created by the corruption of our society's FINANCIAL AND HUMAN SUPPORT institutions requires that we address the situation immediately by creating a source of revenue to fund a cooperative banking financial institution system by volunteer citizens contribution through an INSTITUTION CREATION BILL THAT WOULD BE OFFICIALLY KNOWN AS THE NATIONAL & STATE DEBT RETIREMENT AND NATIONAL COMPREHENSIVE UNEMPLOYMENT INSURANCE FUNDING LOTTERY AND MARTIN LUTHER KING DAY CITIZEN NEEDS FUNDING GRANT for Citizen's in Distress Bailout and for Small Business Development and for Permanent Individual Economic Security, Act!

 

THE FUNDING MECHANISM OF THE BILL IS BY VOLUNTARY PARTICIPATION THIS APPROACH WILL ACT to NEUTRALIZE. the BORROW AND SPEND - TAX AND SPEND SPECIAL INTEREST GROUPS whose institutionalized OPPOSITION PLATFORM POLITICAL LOBBYING WOULD ACT TO BLOCK THE PASSAGE OF THE ACT!

 

NATIONAL & STATE DEBT RETIREMENT FUNDING AND NATIONAL COMPREHENSIVE UNEMPLOYMENT INSURANCE LOTTERY AND MARTIN LUTHER KING DAY CITIZEN NEEDS FUNDING GRANT for Citizen's in Distress Bailout and for Small Business Development and for Permanent Individual Economic Security, Act - which is to be the legal FULL NAME OF THE LEGAL APPROPRIATION vehicle to provide the Training-to-Work Support Services needed in our Computer Age Economy and the Community Family Job Life Instruction Social Support Services needed in our community with Neighborhood Business Development and Participation Benefits for Our Tax Dollars!

 

That in this time of on-going Economic Depression and Global Physical cataclysm by Climate Change we would All do well to take heed of Almighty God's instructions and participate in the implementation of the Economics of God Almighty - by the IDATA Process - Our Modern Times Jubilee as a stopping  measure to the on-going 2009 Economic Depression via the enactment of the NATIONAL & STATE DEBT RETIREMENT FUNDING AND NATIONAL COMPREHENSIVE UNEMPLOYMENT INSURANCE LOTTERY AND MARTIN LUTHER KING DAY CITIZEN NEEDS FUNDING GRANT for Citizen's in Distress Bailout and for Small Business Development and for Permanent Individual Economic Security, Act!

 

Act National Lottery Ticket Sales and Funding Grant Awards

 

Each State or Territory of the United States shall establish a branch of the National Cooperative Bank (NCB) in their State or Territory Capital Seat except for the State of North Dakota which already has a  taxpayer owned State banking operation.  The Capital Seat NCB Branch shall serve as the depository institution for lottery ticket sales.  Sales of the Act  Lottery Tickets shall be by the United States Postal Service Offices in the State or Territory, unless the State has a State Liquor Store System.  If the State has a State Liquor Store System then Act  Lottery Tickets shall be by the United States Postal Service Offices in the State or Territory, and by the State's Liquor Store System sales sites.

 

State or Territory Act  award drawings shall be held on a monthly basis.  The monthly Act award drawing amounts shall be apportioned and awarded as follows:

- Half of all Act net revenue shall be apportioned to pay down the National Debt;

- Act net revenue means the amount net of the costs of ticket sales including an overhead allocation to State or Territory Postal Service Office and the State's Liquor Store System sales sites.

-  Monthly award drawings shall be held in the Capital Seat of each State or Territory, each  State or Territory award drawing will be apportioned as follows: the revenue available to each State or Territory shall be equivalent to their monthly percentage portion of that months national ticket sales, half of the proceeds shall be apportioned to pay down the State or Territory Debt  and of remaining net revenue State Territory amount one half is to be awarded to the taxpayer whose ticket number was selected in the monthly drawing and the remaining amount is to be apportioned to fund  the State or Territory's COMPREHENSIVE UNEMPLOYMENT INSURANCE,  which is the ENDOWMENT FUNDING OF AN INDIVIDUAL DEVELOPMENT ACCOUNT TRUST AGREEMENT (IDATA) FINANCIAL SUPPORT SYSTEM FOR ALL IN FINANCIAL AND/OR SOCIAL DISTRESS SITUATIONS!;

 

The selected taxpayer at the award ceremony is to receive their award check and to hand the States or Territory debt payment award check to the State or Territory's  Treasurer; the monthly award drawing held in the District of Columbia will also feature the taxpayer winner of the award handing the national debt payment award check the Treasurer  of the United States of America in addition to the District of Columbia (DC) Territory Treasurer's check for the DC Territory debt pay-off.

 

The Act is a legal vehicle for financing  Institutional Guardianship - (individual development account trust agreements - [IDATA’'s] through the Martin Luther King (MLK) National Cooperative Bank Endowment for Economic, Education, Environmental and Social Justice Promotion Grants/Loans funded by every other year working on MLK Federal Holiday with federal taxes going to off federal budget balance sheet endowment for funding the MLK Bank!

 

An example of an institutional guardianship program is the Community Rebirth Organization Plan (CROP™) - Action Team® IDATA Programs.  The MLK Bank Program must begin NOW to dampen the ON-GOING Depression of 2009. We have had the Money Market Panic of 2008 to end the on-going 2009 Depression the Federal Congress needs to draft and enact the NATIONAL & STATE DEBT RETIREMENT FUNDING AND NATIONAL COMPREHENSIVE UNEMPLOYMENT INSURANCE LOTTERY MLK Individual Development Account Trust Funding Grant Act (i.e. the IDATA Funding Act A.K.A. the John Q. Public Bailout for Small Business Development and Permanent Individual Economic Security Act)  Now ! The IDATA Funding Act would be funded on odd number years the next even number year would be a management review, program improvement and modification year.

 

We must now take the financial and social needs of our society out of the hands of Congressional whims and make access to health and wealth development support a permanent program of our government!  Recession and Depression cycles are a permanent part of our economic system yet there is no permanent economic and social distress vehicle for John Q. Public to advance via ownership of a business to make a living!

 

See web site - http://www.god-economics.webs.com/  for more information

Demand THE NATIONAL & STATE DEBT RETIREMENT AND NATIONAL COMPREHENSIVE UNEMPLOYMENT INSURANCE FUNDING LOTTERY AND MARTIN LUTHER KING DAY CITIZEN NEEDS FUNDING GRANT ACT – i.e. the John Q. Public Bailout for Small Business Development and Permanent Individual Economic Security Act be enacted now!

 

MONEY - FEDERAL RESERVE FACTS & STATISTICS TO KNOW

 

The overarching issue is the money!  The government operation finance money is being obtained in a manner that is not equitable and it does not provide adequately for the common welfare.  In order for the common welfare to be adequatedly address at this time in our history requires a COMPREHENSIVE UNEMPLOYMENT INSURANCE FUNDING AND CITIZEN IN NEED SUPPORT RESOURCE DISTRIBUTION SYSTEM.  The Untied States Constitution on the subject of the common good “We the People of the United States, in Order to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defence, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity, do ordain and establish this Constitution for the United States of America.”

 

The money that We the People use is to be created and regulated in the following manner per the Untied States Constitution “Section 8 - Powers of Congress

The Congress shall have Power To lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defence and general Welfare of the United States; but all Duties, Imposts and Excises shall be uniform throughout the United States;

To borrow money on the credit of the United States;

To regulate Commerce with foreign Nations, and among the several States, and with the Indian Tribes;

To establish an uniform Rule of Naturalization, and uniform Laws on the subject of Bankruptcies throughout the United States;

To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures;

To provide for the Punishment of counterfeiting the Securities and current Coin of the United States;

To raise and support Armies, but no Appropriation of Money to that Use shall be for a longer Term than two Years;

To make all Laws which shall be necessary and proper for carrying into Execution the foregoing Powers, and all other Powers vested by this Constitution in the Government of the United States, or in any Department or Officer thereof.”

NOTE,  PER THE CONSTITUTION, THAT OUR CONGRESSIONAL REPRESENTATIVES DUTY IS TO MANAGE OUR MONEY NOT A CENTRAL BANK (i.e. The Federal Reserve Bamking System [the Fed])!

 

Paraphrased Quotes from other writers on this subject!

 

“This collapse is thoroughly detailed by the prescient Mike Ruppert in his book Crossing the Rubicon, the book Collapse: The Crisis of Energy and Money in a Post Peak Oil World, and the film Collapse. His web site Collapsenet continues to report on events as they happen.”

 

"If the Fed has been creating money out of thin air, and some of that money has found its way into the stock market to support stock prices, why would the stock market crash, and why can't the Fed just continue to do this forever?"

 

That's the $64 trillion dollar question and the explanation is quite complex, but I'm going to try my best to present the simplified answer.

 

In response to the financial crisis of late 2008, the Fed announced their plan of "quantitative easing," which is nothing more than printing money out of thin air.

 

That is a destructive process, but the Fed is selling it to the public as beneficial.

 

It is not beneficial, and here is what is happening (this is the reason the Fed can't continue along this path forever):

 

1. The Fed creates trillions and uses the new money to make outright purchases of agency debt (mortgage-backed securities) and U.S. Treasury debt. (most of 2009 into the first quarter of 2010) This forces down interest rates immediately; but currency debasement is longer-term inflationary because it dilutes the value of the currency.

 

2. The lower interest rates failed to spur a recovery in the housing market or an increase in bank lending, so the Fed continues with QE lite (using the money from the expiring agency bonds to purchase additional U.S. Treasury securities - summer of 2010).

 

3. The economy still suffers, so the Fed on September 22, 2010, announces they stand ready to engage in further easing (i.e. a bigger dose of quantitative easing).

 

4. Wise investors know that printing money out of thin air will lead to higher inflation, and smart money begins to flow into items that will protect against inflation, such as gold, silver, and basic raw commodities. (latter half of summer, 2010, right up till today, as in right now.)

 

5. With the cost of raw materials rising rapidly, prices of finished basic goods begin to rise rapidly as well, which shows up in the official inflation figures a few months later.

 

6. With inflation rising, the free market refuses to lend at record low interest rates, and interest rates begin a rapid climb.

 

7. Rising interest rates cause the $449 TRILLION interest rate swap market to blow up, just like the $60 trillion credit default swap market blew up in late 2008.

 

8. Game over.

 

I know without a doubt the sequence above is accurate. I also know we have started into step 5. Just this morning, CNBC came out with this list FOR THE QUARTER:

 

Oil +8%

Gasoline +7%

Corn +15%

Sugar +26%

Oats +21%

Copper +9%

O.J. +8%

Soybeans +9%

Meanwhile, the Dollar -9% AND FALLING FAST! 

 

It has been said over, and over, and over again: debasing the currency is destructive.

 

It leads to dilution of the purchasing power of the currency, which shows up as rising prices, which the mainstream media calls "inflation."

 

How long will it take to reach step 8, game over? I don't know for certain, but I'd say we are just a few months away.

 

You know what a disaster the blow up of credit default swaps was in 2008.

 

Well, the interest rate swap market is 7 times bigger than the credit default swap market was at its largest.

 

"When interest rates go up, and they will as explained above, the interest rate swap market will turn into an epic disaster, and ruin our financial system."

 

By Ben Bernanke's own words, we came close to that happening in 2008. Next time, I don't believe we will be so lucky.

 

It's not a matter of if, it's only a matter of "when."

 

 

 

Federal Reserve gave 16 Trillion of your dollars to their buddies

 

The first ever GAO (Government Accountability Office) audit of the Federal Reserve was carried out in the past few months due to the Ron Paul, Alan Grayson Amendment to the Dodd-Frank bill, which passed last year. Jim DeMint, a Republican Senator, and Bernie Sanders, an independent Senator, led the charge for a Federal Reserve audit in the Senate, but watered down the original language of the house bill (HR1207), so that a complete audit would not be carried out. Ben Bernanke, Alan Greenspan, and various other bankers vehemently opposed the audit and lied to Congress about the effects an audit would have on markets. Nevertheless, the results of the first audit in the Federal Reserve’s nearly 100 year history were posted on Senator Sander’s webpage earlier this morning. What was revealed in the audit was startling: $16,000,000,000,000.00 (TRILLION) had been secretly given out to US banks and corporations and foreign banks everywhere from France to Scotland. From the period between December 2007 and June 2010, the Federal Reserve had secretly bailed out many of the world’s banks, corporations, and governments. The Federal Reserve likes to refer to these secret bailouts as an all-inclusive loan program, but virtually none of the money has been returned and it was loaned out at 0% interest.

 

Why the Federal Reserve had never been public about this or even informed the United States Congress about the $16 trillion dollar bailout is obvious - the American public would have been outraged to find out that the Federal Reserve bailed out foreign banks while Americans were struggling to find jobs.

 

To place $16 trillion into perspective, remember that GDP of the United States is only $14.12 trillion. The entire national debt of the United States government spanning its 200+ year history is ‘only’ $14.5 trillion. The budget that is being debated so heavily in Congress and the Senate is ‘only’ $3.5 trillion. Take all of the outrage and debate over the $1.5 trillion deficit into consideration, and swallow this Red pill: There was no debate about whether $16,000,000,000,000 would be given to failing banks and failing corporations around the world.

 

In late 2008, the TARP Bailout bill was passed and loans of $800 billion were given to failing banks and companies. That was a blatant lie considering the fact that Goldman Sachs alone received 814 billion dollars. As is turns out, the Federal Reserve donated $2.5 trillion to Citigroup, while Morgan Stanley received $2.04 trillion. The Royal Bank of Scotland and Deutsche Bank, a German bank, split about a trillion and numerous other banks received hefty chunks of the $16 trillion.

 

-This is a clear case of socialism for the rich and rugged, you’re-on-your-own individualism for everyone else.-   Bernie Sanders(I-VT)

 

When you have conservative Republican stalwarts like Jim DeMint(R-SC) and Ron Paul(R-TX) as well as self identified Democratic socialists like Bernie Sanders all fighting against the Federal Reserve, you know that it is no longer an issue of Right versus Left. When you have every single member of the Republican Party in Congress and progressive Congressmen like Dennis Kucinich sponsoring a bill to audit the Federal Reserve, you realize that the Federal Reserve is an entity onto itself, which has no oversight and no accountability.

 

Americans should be swelled with anger and outrage at the abysmal state of affairs when an unelected group of bankers can create money out of thin air and give it out to megabanks and super-corporations like Halloween candy. If the Federal Reserve and the bankers who control it believe that they can continue to devalue the savings of Americans and continue to destroy the US economy, they will have to face the realization that their trillion dollar printing presses can be stopped with millions of ballots and petition signatures asking for the NATIONAL AND STATE DEBT RETIREMENT FUNDING LOTTERY AND MARTIN LUTHER KING DAY CITIZEN NEEDS FUNDING GRANT ACT!.

 

[Regardless of whether this money is fiat money (money printed with nothing of value to back it), if it is a currency forced on society and the world, with enforcement by the Fed, IRS, the U.S. military, et al, --which it is-- the acts of the Federal Reserve are, in essence, the transfer of greater wealth to the rich insider banks and corporations, while the rest of the world grows poorer, and as the value of this funny money grows less and less in purchasing power. These insider banks, etc., then, exchange this funny money for gold and silver, the real wealth of the world, which, then, re-inflates the world with more and more devaluing federal reserve notes. This, then, creates hyper-inflation, increasing the cost of all resources and commodities, while gold and silver climb to never-seen-before levels of value.

 

This is how the Federal Reserve insiders steal the wealth of the world and why the rich get richer while the poor get poorer. It's the world's largest Ponzi scheme! The Federal Reserve is nothing but a front for a small group of families who run a very large and successful white collar criminal Ponzi scheme. This criminal institution should be seized by the U.S. Treasury department and all assets frozen, and returned to the coffers of the U.S. Treasury in order to settle the U.S. debt and help begin to balance the U.S. deficit. All banks (listed below) should be forced to return the money received by the Federal Reserve. All families in ownership of the Fed and their agents should be located, caught, tried and jailed for grand larceny and treason against WE the People of the U.S.A., Per the Constitution our money is to be managed/crated by our Congressional Representatives.  All government agents who protect and help facilitate this criminal organization should be fired from the positions and similarly tried and jailed for grand larceny and treason. Meanwhile, Congress should return our country to its original monetary system (Lincoln greenbacks backed by precious metals) and, again, do its duty to regulate the coining of the currency of America as per the U.S. Constitution.]

 

The list of institutions that received the most money from the Federal Reserve can be found on page 131 of the GAO Audit and are as follows..

 

Citigroup: $2.5 trillion ($2,500,000,000,000)

Morgan Stanley: $2.04 trillion ($2,040,000,000,000)

Merrill Lynch: $1.949 trillion ($1,949,000,000,000)

Bank of America: $1.344 trillion ($1,344,000,000,000)

Barclays PLC (United Kingdom): $868 billion ($868,000,000,000)

Bear Sterns: $853 billion ($853,000,000,000)

Goldman Sachs: $814 billion ($814,000,000,000)

Royal Bank of Scotland (UK): $541 billion ($541,000,000,000)

JP Morgan Chase: $391 billion ($391,000,000,000)

Deutsche Bank (Germany): $354 billion ($354,000,000,000)

UBS (Switzerland): $287 billion ($287,000,000,000)

Credit Suisse (Switzerland): $262 billion ($262,000,000,000)

Lehman Brothers: $183 billion ($183,000,000,000)

Bank of Scotland (United Kingdom): $181 billion ($181,000,000,000)

BNP Paribas (France): $175 billion ($175,000,000,000) 

 

Is the Fed Pumping up America's Oil bill?

 

The Fed's double barreled rate cuts in January, ricocheted into the foreign exchange market, weakening an already wobbly US$, which in turn, put a floor under the crude oil market at $87 /barrel. Nymex traders figure another half-point Fed rate cut could lift crude oil above $100 /barrel, and boosted their net long oil positions to 60,873 contracts last week, compared with 39,933 in the previous week.

 

The United States imported a record $331 billion worth of crude oil last year, at an average price of $64.25 per barrel. Ironically, if the US is forced to import crude oil at $95 per barrel or higher this year, due to the Fed's aggressive rate cuts, the import bill for 2008 could jump by roughly $150 billion, and completely negate Washington's upcoming $152 billion economic stimulus package.

 

In other words, Washington is going deeper into debt, to help American motorists pay for the higher cost of imported oil, which in turn, will flow into the hands of Iran's Mahmoud Ahmadinejad, Saudi king Abdullah, Venezuela's strongman Hugo Chavez, and the Kremlin's FX reserves, already at $480 billion. On Jan 15th, Saudi's oil minister Ali al-Nami pointed out that, “Financial speculators are adding $20 to $30 to the price of oil. If you look at who is in the market, you'll find a lot of financial institutions, players who are speculating, using the market as a hedge against a weak dollar.”

 

The US dollar is in a terminal decline marked by a loss of confidence in the Fed, and weakened by big budget and trade deficits. A budget surplus of 2.4% of gross domestic product greeted Mr Bush as he took office, but under Bush, the US Treasury's outstanding debt is about $3.6 trillion higher to a record $9.2 trillion. To compensate for the dollar's weakness, OPEC oil producers are aiming for higher oil prices. On Feb 22nd, Chavez said $100 per barrel is a fair price. “This is not a situation that is a peak that then falls. We are sure of this and will do everything we can in OPEC to keep supporting the price of our oil,” he said.

 

Venezuela produces 2.2 million barrels per day, and ships 1.5 million bpd to the United States.  But Chavez has warned that crude oil may reach $200, if Exxon Mobil wins a court battle over Venezuelan assets. “If you don't stop trying to freeze, doing us damage, we can do you damage. We won't send oil to the US. Get this, Mr Bush, Mr Danger. If the economic war continues against Venezuela, the price of oil will reach $200 a barrel. Venezuela will take up the economic war,” he warned.

 

Iran expects to earn a record $63 billion from oil sales in the year ending in March, and has boosted its oil output to 4.2 million barrels per day, the highest since its 1979 Islamic revolution. Following the collapse of the Bush administration's campaign to economically isolate Iran, Tehran signed a contract with China's Sinopec for the development of its giant 18.3 billion barrel Yadavaran oil field. Russia's Gazprom also signed a deal to develop Iran's South pars gas field.

 

In return, Russian kingpin Vladimir Putin shipped 85 tons of nuclear fuel to Iran after a US intelligence report released on Dec 3rd, concluded Tehran had stopped its nuclear weapons program in late 2003 and had not resumed it since. Yet on Feb 24th, Iran said it started using new centrifuges that can churn out enriched uranium at more than double the rate of the machines that now form the backbone of its nuclear program. A former UN nuclear inspector, David Albright, estimated that Iran could produce enough material for a nuclear warhead in a year.

 

Tension in the Middle East and saber rattling from Tehran and Caracas are familiar tactics to pump up the price of crude oil. But can the global economy live with crude oil prices ranging around $100 /barrel or higher? As far as the US stock markets are concerned, the Fed has pumped so much monetary morphine into the system, that equity traders don't feel the pain of sky high oil prices.

 

OPEC oil producers can hardly believe their good fortune. The Bernanke Fed has driven US dollar deposit rates into negative territory, adjusted for inflation, and inflated the price of crude oil to $100 /barrel. For OPEC, the windfall could reach $1 trillion in oil revenue this year. Iran and Saudi Arabia are expected to lower their oil output by 200,000 bpd next month, to prevent a sizeable slide in the oil market, when global demand normally recedes in the second quarter.

 

“Commodity Super Cycle” sweeps into Japan,

 

Japan is an industrial powerhouse, but imports all of its oil, most of its raw materials, and almost two-thirds of its food consumption. So it wasn't surprising to hear that Japan's annual wholesale inflation hit a 27-year high of 3% in January, due to rising oil, raw material and food costs. Tokyo says its economy is still wrestling with deflation, but the truth is, Japan escaped the deflation trap four years ago.

 

Still, the Bank of Japan pegs its overnight loan rate at only 0.50%, the lowest on the planet, and far below the 3% inflation rate. In other words, Japanese bank deposits and bond yields offer negative interest rates, whetting the speculative appetite of Tokyo gold traders, who are bidding up the yellow metal to stay ahead of global inflation, and the arrival of a new Bank of Japan policy chief.

 

 

 

Despite the surge in inflation to multi-decade highs and soaring commodity prices, BoJ chief Toshihiko Fukui said he won't react hastily to short-term developments. “Companies won't be comfortable if we suddenly tighten or ease,” Fukui said, adding that the BoJ was examining both downside risks to the economy, and long-term risks of inflation overheating, before deciding on adjusting interest rates.

 

Want to add to your learning curve?

USA.gov is government data base search engine.

 

The following link is where you want to start to find CAFR reports in adobe .pdf format:

 

http://search.usa.gov/search?utf8=%E2%9C%93&input-form=advanced...

 

The search line will already have in it: "CAFR filetype:pdf"

 

Put any State or city or school district or county or enterprise authority in after "CAFR filetype:pdf" and hit search.

 

EXAMPLES: CAFR filetype:pdf  New Jersey

                           CAFR filetype:pdf  Alaska

                           CAFR filetype:pdf  Dallas

 

You will find CAFRs for your  local governments that you never knew existed. There were about 14,400 hits for .pdf files to download or view local government CAFRs with the above search phrase used.

 

With the search phrase "Annual Financial Report" filetype:pdf  now things get very interesting. The hits were approximately 91,300,000 hits (91 million 300 thousand) .pdf file hits.

 

 

http://search.usa.gov/search?utf8=%E2%9C%93&input-form=advanced...

 

Now do the same and hit search,  putting after "Annual Financial Report" filetype:pdf already in the search line any State or city or school district or county or enterprise authority in after "Annual Financial Report" filetype:pdf

 

EXAMPLES: "Annual Financial Report" filetype:pdf  "City of Prescott"

                           "Annual Financial Report" filetype:pdf   Florida

                           "Annual Financial Report" filetype:pdf  Massachusetts

                           "Annual Financial Report" "Arizona State University"

 

**Learn how wealthy your local governments are in spite of the smoke screens to the contrary that are put up by the political parties; syndicated Print-TV-Radio media sound bites that are selectively presented; and your own local political and educational government's contrived rhetoric.

 

The world of control and ownership is much different than you imagine or were ever taught by your control handlers. (mostly elected or appointed attorneys to our own severe detriment)

 

Want to add to your learning curve?- Sent FYI from.

Walter Burien - CAFR1

P. O. Box 2112

Saint Johns, AZ 85936

Tel. (928) 458-5854

http://CAFR1.com/  and http://TaxRetirement.com/

 

FOLLOW-UP ACTIONS

 

CONTACT YOUR STATE GOVERNMENT REPRESENTATIVES & FEDERAL SENATORS AND CONGRESSIONAL REPRESENTATIVE DEMAND THAT THEY CO-SPONSOR AND PASS THE NATIONAL & STATE DEBT RETIREMENT AND NATIONAL COMPREHENSIVE UNEMPLOYMENT INSURANCE FUNDING LOTTERY AND MARTIN LUTHER KING DAY CITIZEN NEEDS FUNDING GRANT ACT!

 

*WE THE PEOPLE are asking each addressee to forward this email to a minimum of twenty people on their address list; in turn ask each of those to do likewise.

 

In three days, most people in The United States of America will have the message.  This is one idea that really should be passed around.

 

*If each person contacts a minimum of twenty people then it will only take three days for most  people (in the  U.S. ) to receive the message.  Maybe it is time.

 

*THIS IS HOW WE THE PEOPLE FIX THE MANAGEMENT OF OUR MONEY-ECONOMY !!!!!*

 

*REMEMBER FREEDOM IS NOT FREE THE COST OF FREEDOM IS ETERNAL VIGILANCE!

 

*RESTORE THE REPUBLIC!

 

*If  you agree with the above, pass it on.  If not, just delete.

 

*You are one of my 20+.  Please keep it going.

 

SIGN THE ONLINE PETITION - http://www.ipetitions.com/petition/national_state_debt_retirement_l...  

 

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