You cannot get what you’ve never had unless you’re willing to do what you’ve never done.
When I despair, I remember that all through history the ways of truth and love have always won. There have been tyrants, and murderers, and for a time they can seem invincible, but in the end they always fall. Think of it - always.
- Mahatma Gandhi
The Lion asked the Wizard one time, "When does a slave become a king?"
"When You start acting like one! "
Otherwise You remain a slave all Your life.
The BISYou may not know the name, but the Bank of International Settlements or BIS
of Basel, Switzerland, found in 1930, is the world's oldest functioning
central financial institution.
It is very important. Though it does not directly manage the world financial
system, it is effectively THE central bank for the other central banks of
the world, including the US Federal Reserve. - Obviously the BIS would be a
key part of any comprehensive New World Order.
With its home in Switzerland, a place of very conservative financial
attitudes, the BIS has just made statements which are loud warning bells
about the collapse of the US dollar. - These unusually direct statements are
extremely serious. It is not just talking about some ups-and-downs in dollar
prices. - It is talking about the real deal here, a dollar going DOWN that
may not come back up.
The article says:
"The dollar clearly remains vulnerable to a sudden loss of private-sector
confidence," the Basel, Switzerland-based BIS said in its 77th annual report
today. "The reliability of public-sector inflows has also become more
Central banks may reduce purchases of dollars and allow their currencies to
strengthen in a bid to curb inflation, the BIS said. They may also invest a
greater proportion of new foreign-exchange reserves outside of the U.S. to
earn higher returns, adding to the "threat" to the dollar, it said. . . .
" . . . central banks in Asia . . .could slow down accumulation of reserves
and let their currencies rise. Then the dollar will fall." . . .
. . . The U.S. needs to attract about $2.1 billion a day [to borrow to pay
its bills] . . .
. . . The U.S. currency fell 0.6 percent to $1.3470 per euro in the past
week. The dollar dropped to a record low of $1.3681 on April 27. The euro
has climbed 2.1 percent against the dollar this year. . . . The Indian rupee
has gained 8.6 percent against the dollar in 2007 . . . The Chinese yuan has
climbed 2.4 percent so far this year . . .
Here is the full article:
Dollar 'Vulnerable' to Drop in Investment, BIS Says
Bloomberg News, 24 June 2007
It may be time now to consider getting out of the US dollar if you have
significant assets. Contrary to what people tell you, it is both legal and
easy for US citizens to open a foreign bank account. You can do it in person
in Europe, and wire the rest of the money over later - You can even open an
account by mail with Swiss banks, though that can take several weeks.
When I became a refugee from the US more than three years ago, it turned out
that I had also had accomplished the best "investment" I ever made, by
having established a European bank account with my money in euros - I
profited greatly from the falling dollar back then.
Another virtue of European bank accounts, especially Swiss, is that your
money can usually not be touched by US lawyers and judges. It is known in
Europe that the US courts and judges are bogus, dishonest, and fraudulent,
and they don't give automatic respect to US court judgments. People
attacking you would often have to bring their case all over again in the
European courts under European laws, which are very different and much less
likely to be a way to steal your money. - Your biggest problem, if you are
still in the US, may be that some crooked US judge would jail you until you
turn over your European funds. - So get a passport, too, in case you need to
Dr Les Sachs