World Bank whistleblower speaks on U.S. financial situation - today

[sma...@comcast.net]

From: Fern...@aol.com
Sent: Tuesday, October 8, 2013 8:24:37 PM
Subject:  World Bank whistleblower speaks on U.S. financial situation - today

 

'Dollar valueless, about to crash' - World Bank whistleblower
'Congress all bribed, has zero confidence in eyes of American people'
http://tinyurl.com/ou4y7tp
24 min. video

 

For FULL TRANSCRIPT of the interview click here:
http://on.rt.com/ue0xat

 

There is a terrible currency problem. We’re on the verge of the
currency war. The Federal Reserve is printing dollars like there
is no tomorrow. And if they keep going the rest of the world is
not going to accept them. As it is the BRICS countries – Brazil,
Russia, India, China and South Africa – have decided that they
are going to finance the trade among these countries with assets
 and pay for the difference in gold. And this is a right move for them.

 

...They like to consider themselves as ‘public banks’ but they
really owned by private entities. And these currencies are about
to crash because they are valueless, that’s what always happens
to paper currencies that aren’t backed by assets.

 

... The mainstream media, when they report about what’s going
on, are doing it by telling lies and anything that’s good for the
powers that be. The mainstream media is completely owned and
controlled by the same companies, private companies that own
the Federal Reserve System. Most of the American citizens are
 clueless about the corruption that’s rifling their economy.

 

...The problem is actually when you talk about debt that our
currency is financed by debt, our currency is issued by the
 Federal Reserve instead of the Treasury which is unconstitutional.
When the Federal Reserve System was instituted in 1913 most of
the Congress was on break, they sneaked that legislation through.
So the debt is there simply for those bankers to put in interest on
 it and have it grow and compound every year. The debt is a
fabrication, it’s probably should be repudiated.

 

...The problem is actually when you talk about debt that our
currency is financed by debt, our currency is issued by the Federal
Reserve instead of the Treasury which is unconstitutional. When the
Federal Reserve System was instituted in 1913 most of the Congress
was on break, they sneaked that legislation through. So the debt is
there simply for those bankers to put in interest on it and have it grow
and compound every year. The debt is a fabrication, it’s probably
should be repudiated.

 

...The currency ought to be backed by value, but there is no reason
why it should be restricted to precious metals, it could be any of the
commodities that are valuable. The important thing is that, yes, the
currency should be backed by assets rather than by debt as we now
 have.

 

... I think that we’re going to manage together, act together, I’m not
 expecting a collapse. Very accurate game-theory model is showing
that we’re going to manage to make a transition in a very smooth way,
maybe there’ll be a few fits at start. I think most of the countries in the
world are in favour of working together and not to have a collapse.

 

... I think we’re going to have a world where there’s a lot of choice and
the legal tender is not going to be used to put people into debt and to
imprison them.

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