EXCEEDING
THROUGH EXCESS
by John Mackenzie
May 15, 2004
Leveraged Speculators continue to
feed at the short end trough as ever increasing risks are blown into the
Derivatives Bubble. The BIS' most recent release on the cesspool of
financial malfeasance has managed to swell in excess of $200 trillion.
This "Market" remains Alan Greenspan's unregulated domain and
it will until it bursts taking everything along with its implosion.
Never has such a concentration of risk been assembled in which the entire game of "Texas Hold-Em" depends upon FOREX stability. This high stakes poker game consists of every conceivable bubble and echo bubble. These horrifically bad bets continue to compound daily as the "King of Bubbles" takes on proportions so grossly distorted, the consequences of which will be absolute.
Decimating volatility and a massive collapse are all but given, one which will wipe out generations of wealth and may very well halt electronic trading itself. Anyone sitting on paper promises is assured one thing... nothing.
Balance and stability are rapidly outflowing as are the very metrics by which we measure them.
The U.S. declared bankruptcy in 1971, few realize this event and it's significance. Gold was removed as the yardstick then and now we sit on the precipice of a paper trading/hedging collapse. A halt to Forex... and there is no way to accurately measure currency instability as well as currency reserves.
Recent global volatility implies huge risks, risks that cannot be mitigated by Sir Alan Greenspan and the Federal Reserve, a private corporation. Chairman Greenspan is merely an employee of a larger Global Banking Cabal, the Bank of International Settlements (BIS), or the "Bankers Bank."
The vast majority of people do not know what money is, but they will. They will come to understand it was not what they were told it was through widespread financial ruin. The majority of this nation will see generations of "wealth" disappear in a matter of days if not hours. I fully expect this to occur in within the next 18 months. The probability of this event horizon increases daily and it could very well happen much sooner, perhaps as soon as this June/July.
Please consider the following and it's implications:
A Federal Reserve Note is not a Dollar, it is merely the medium (Commodity) of Legal Tender.
The Federal Reserve Note is printed and backed by a debt to pay Dollars but the Dollar is not a debt. The "Backing" for the Dollar is a debt, but a debt to... what?
Our laws say a Dollar is undefined and is really nothing. So what then is the "debt" for...
If we are going to restore honest money to our lives and future generations, we need only to follow a simple guide laid down many years ago by our founding fathers:
Constitution for the United States of America.
Article
I / Section 8
"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;"
The ramifications of the above are quite clear.
We remain adjacent to history's greatest visionaries when we should be abiding by their very simple truths in our context. We should be fully aligned and unafraid to restore sound and honest money for the generations that will follow us.
I owe this to my children and to those who have lived and died in order to assure our liberties remain intact.
We face immense difficulties ahead, but through our grace and perseverance we recapture this nations glory and justice for all.
John Mackenzie
©
2004 John Mackenzie
FSU Archive
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John Mackenzie manages private capital and hosts a gold
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