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Subject: FIAT Money is ROOT cause, NOT Sub-Prime Loans
Date: Mon, 15 Sep 2008 17:59:33 -0400

When T-Sec Paulson was asked today what's the "root of the problem" he stated that it was the sub-prime mortgage lending defaults.

The sub-prime defaults are NOT the "root" cause -- they are only the interim cause.

The root cause is FIAT money. The root cause is the so-called easy money the Federal Reserve creates by monetizing debt. Where would the banks get the money to lend if it wasn't monetized in the first place? These banks printed up the FIAT MONEY in the first place and LENT that fiat money (amplified by the unethical practice of fractional reserve) TO the sub-prime borrowers (i.e. risky borrowers). These borrowers defaulted and thus we have the events of today.

If money is backed by an asset like gold or silver, it places a check and balance on the supply and value of that money. Money backed (i.e., redeemable) in gold or silver is NOT fiat currency -- it's REAL money.

When money is backed by gold or silver, banks aren't in a position to print so much of it up thus they CAN'T lend it to risky borrowers. That's the ENTIRE POINT of fiat money. Again, it's a check and balance on the LENDER. Arrogant banks don't LIKE checks and balances placed on them by citizens.

OF COURSE it's tempting for banks to lend money that's NOT real. When a banking system can create money out of thin air, and lend this "easy money" to practically anyone, are you surprised abuses will inevitably happen? FIAT MONEY IS NOT REAL. An unconstitutional system of fiat money is going to INVITE imprudent lending. And thus we have the events of today.

OF COURSE it's stupid to securitize bank loans! How stupid can one get? Answer: as GREEDY as one can get. Securitizing FIAT bank loans is as dumb as it gets because it creates a MORAL HAZARD that's AMPLIFIED by the inevitable risk of FIAT money. Isn't this MONEY 101? Is everyone out there grad of COMMON SENSE 101 except WallStreeters?

But as Everyone will learn in MELTDOWN 101, the class on Fiat money that's now in session -- EASY money isn't FREE money. We will ALL have to PAY for this FREE money and the rampant greed/stupidity that caused it.

The Founders knew all this.

We either live in a free market system or we don't. You can't have your cake and eat it too. You can't have a sys that's half free or half regulated. Oh the talking heads and flunkees of MELTDOWN 101 will try to sell you a hybrid system so they can keep their tentacles into the money pot, but it's like putting impurities into an integrated chip -- it will inevitably overheat and meltdown.

Right now the banks and the gov want to have their cake and eat it too. They want a free MARKET SYSTEM but they also want to REGULATE that system. When the Fed sets the price of money: it's REGULATING the system. When the Fed sets the AMOUNT of money: it's REGULATING the system. When T-Sec Paulson bails out FANNIE MAE and FREDDIE MAC: he's REGULATING the system by the mere fact that he has brought the government involvement into the system. In business, it's IMPOSSIBLE to have a partnership between a government and a capitalist entity. Why? Because the modus operandi and core PURPOSE of both entities is different. Governments are NOT profit-making entities. They can't think in terms of the ACCOUNTING FORMULA or P&Ls. Free enterprise capitalistic businesses ARE profit-making entities. They ONLY think in terms of the ACCOUNTING FORMULA or P&Ls. Also, govs don't think in terms of QUALITY, they mainly think in terms of QUANTITY and cost. They are used to spending as much money as they want because they can get this money by borrowing or taxes. Companies, on the other hand have to think in terms of strategic use of their assets and market. In short, the two animal don't mix. And right now you have the Federal Reserve System, a QUASI-private, hybrid entity in there printing up all the money and regulating the one commodity that all the other commodities in existence are based upon - money. Is it any wonder we are at the exact position we should be?

GOVERNMENT SHOULD TAKE ITS HANDS OFF THE ECONOMY TOTALLY. We are in this mess NOT because of too LITTLE regulation, but because ANY regulation that manipulates the FREE MARKET from doing its job on a day-by-day basis is unwise.

NO GOV OR REGULATOR OR OPEN MARKET COMMITTEE CAN BE AS SMART AS BILLIONS OF PEOPLE MAKING INDIVIDUAL TRANSACTIONS IN THE FREE MARKET, WHETHER A MARKET OF MONEY, PRODUCTS OR SERVICES. IT'S IMPOSSIBLE!!!!!!

Now all the "geniuses" at Lehman are being exposed as the MORONS they are.

Now all the "geniuses" at Fannie Mae are being exposed as the MORONS they are.

Now all the "geniuses" at Freddie Mac are being exposed as the MORONS they are.

Now all the "geniuses" at Merrill Lynch are being exposed as the MORONS they are.

Now all the "geniuses" at AIP are being exposed as the MORONS they are.

Now all the "geniuses" at Bear Sterns were exposed as the MORONS they are.

Now all the "geniuses" on SQUAWK BOX are being exposed as the MORONS they are.

If MONEY were Constitutional, and these idiot's read the Constitution, they would know its value should NOT be arbitrarily be set by an OPEN MARKET COMMITTEE at the Fed. Its value should be REGULATED BY THE MARKET. If it was, we would never have the build-up of stress we have seen today in the financial markets. Letting LEHMAN BROS go was the right choice. If the Fed does NOT make the loan to AIP, that will also be the right choice, because ultimately the taxpayers pay for all the money the Fed creates to lend through inflation (i.e. price rises). Not touching interest rates is also the right choice.

I think it's very strange you never hear the talking heads mention the word FIAT money. None of them want to admit THERE ARE SERIOUS SYSTEMIC PROBLEMS AND THE MAJOR ONE IS THE FEDERAL RESERVE SYSTEM ITSELF. Seems this is the criteria as to where the bailout line is drawn ... but hasn't it always been the grand justifier.

FACT: THE ENTIRE SYSTEM DESERVES TO CRASH BECAUSE IT'S ROTTEN TO THE CORE.

FACT: IT'S INEVITABLE THE ENTIRE SYSTEM WILL CRASH BECAUSE IT'S ROTTEN TO THE CORE... UNLESS the talking heads, the cits and the gov wise up to the intent of the Founders. And their intent was to have ZERO FIAT money.

FIAT money and the Fed got us into this situation. These emergencies will NEVER go away until people realize what the REAL source of the problem is. And it's not BOGUS problems as cited by traitor-to-the-Constitution, T-Sec Paulson.

James Jaeger

FIAT EMPIRE Why the Federal Reserve Violates the U.S. Constitution Featuring Rep. Ron Paul and G. Edward Griffin

Watch this award-winning film to find out why some feel the Federal Reserve's practices are a violation of the U.S. Constitution and others feel it's simply "a bunch of organized crooks."
Discover why experts agree the Fed is a banking cartel that benefits mainly bankers and their corporate clients as well as a Congress that would rather unilaterally increase the national debt than ask citizens how THEY would like to see tax revenues allocated. Find out how the media facilitates the partnership between the Fed and Congress and why it fails to fully disclose what's going on. Lastly, find out how the Federal Reserve Member Banks are owned and controlled by an elite group of insiders that use fiat money to fund their fascist agenda by moving the United States further from its founding principles towards endless bailouts and bankruptcy.

FIAT EMPIRE features former presidential candidate RON PAUL (R-Texas) and is inspired by The Creature from Jekyll Island a book by well-known author and FREEDOM FORCE founder, G. Edward Griffin.
Also featured is Dr. Edwin Vieira, Ph.D., J.D. from Harvard (the foremost authority on the U.S. Constitution and the author of Pieces of Eight and Consitutional Homeland Security). Dr. Vieira and the various experts in FIAT EMPIRE discuss the Fed in connection with long-term studies which indicate that the Federal Reserve System encourages war, destabilizes the economy, generates inflation (a hidden tax) and is the supreme instrument of unjust enrichment for a select group of insiders. Dr. Theodore Baehr (founder of MOVIEGUIDE^Ž and Chairman of the Christian Film & Television Commission) rounds out the discussion by addressing the relationship between the mainstream media, the Fed and the government. Often delving into why the mainstream media only broadcasts a narrow spectrum of issues, FIAT EMPIRE explains why new voices and third-party candidates are often marginalized, if not suppressed entirely from the public discourse.

Since FIAT EMPIRE's release (prior to Dr. Paul's bid for U.S. President), the mainstream media has completely ignored this Telly Award-winning film even though it has been screened and purchased by millions of people over the Internet. In fact, even though Dr. Paul repeatedly tried to get word out about the Federal Reserve System, only Glenn Beck, Jim Cramer, Pat Buchanan and Larry Kudlow got the message. Meanwhile the networks, as a whole, continue to blackball this issue in compliance with insiders and their corporate sponsors as yet more fiat money is created to "stimulate" a dead-horse economy. The national debt is now lethal.

The Gross National Debt

To make matters words, government economists predict the current deficit will be over $400 billion this year. The national debt will thus be in double digit territory. Have you ever wondered how the federal government can possibly wage a war in Iraq and Afghanistan, bail out major banks like Bear Sterns, Fannie Mae and Freddie Mac yet still be able to REDUCE taxes?! Have you ever wondered WHERE the "money" is coming from? Well FIAT EMPIRE tells you loud and clear. What you will come to understand will be disturbing: especially if you are a loyal American patriot that believes in the U.S. Constitution.
Again, the government-licensed networks and those living off the fiat money system are discussing none of this. These entities continue their fascist black-out of subjects vital to a healthy public discourse in a free-speech democratic society. This black-out verges on treason. The burden of neutralizing the media black-out thus depends on grassroots word-of-mouth distribution from citizens like you who believe the United States is supposed to follow the Constitution and maintain a REPUBLICAN form of government -- not some GLOBAL EMPIRE or FOURTH REICH.
Bear in mind that twice before in U.S. history, the American People have voted down central banks similar to the Federal Reserve System. We can do it again if we are able to explain to enough people how fiat money causes not only excessive national debt, but mortgage and credit card debt as well -- and why this debt is going to crash the fiat empire sooner or later.
FIAT EMPIRE defines the problem and proposes a number of solutions to bring a Constitutional monetary system back to the United States.
As a public service, you can watch FIAT EMPIRE for free on Google Video. If you get something out of it, please purchase a DVD (below) and refer others to the FIAT EMPIRE website at www.FiatEmpire.com (or the mirror site at www.mecfilms.com/fiat). Purchases of FIAT EMPIRE are going into our new documentary, ORIGINAL INTENT, now in production featuring Ron Paul, Pat Buchanan, G. Edward Griffin and others. Use your FIAT EMPIRE DVD to give screenings to your family, friends and associates. They will appreciate the insights and thank you. Only an informed citizenry can safeguard against rogue politicians and a tyrannical government.

FIAT EMPIRE DVD (2-Disk Set) - $27.90
in box with all 120-min of uncut Interviews of:
Rep. Ron Paul, G. Edward Griffin,
Dr. Edwin Vieira and Dr. Ted Baehr Quantity ORDERS and Non-US ORDERS
Get FIAT EMPIRE by going to:

http://www.FiatEmpire.com/screener

HELP PRODUCE OUR NEXT DOCUMENTARY - ORIGINAL INTENT
Earn a producer screencredit on ORIGINAL INTENT Read the script, ORIGINAL INTENT -- How Cultural Marxism Stole American's Constitution Watch clips of ORIGINAL INTENT as it proceeds through production Donate production funds and earn a screencredit on ORIGINAL INTENT Deliver an effective blow for the ORIGINAL INTENT of the Founders
Your purchase of FIAT EMPIRE is helping us produce ORIGINAL INTENT, our next documentary on the Constitution. It's amazing how many Americans complain about their country and government yet do nothing about it. It's amazing how many sophisticated businessmen, investors, heirs, celebrities and other people of means we have approached for donations to produce films like this and how often they say "no." Why is this? Why can so many Americans go out and eat a $500 beef meal complete with all manner of alcoholic, brain cell-destroying drinks and not even give it a second thought -- yet when asked to donate $100 to help produce a movie that addresses the very constitution of their physical existence as a Republic, they "pass" or ignore these words? How can wealthy people spend millions on real estate, yachts, jewelry, antiques, furniture, clothing, shoes, travel and endless vacations -- yet when asked to donate $25,000 to help produce a movie that addresses the very constitution of their physical existence they "pass" or ignore these words? It's kind of disgusting, wouldn't you agree? In fact, wouldn't you agree such people really don't deserve to call themselves American Citizens?
Watch FIAT EMPIRE and hopefully it will help you re-align your priorities, if you are one of the people described above. Then donate and refer this page to your family, friends and associates that claim they are American Citizens. It's up to you because you can be sure the Wolf Blitzers and the Bill O'Reillys of the corporate media won't be helping. Consider these things.

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