My interpretation of Mr. Wilcock's latest writeup
Mr. Wilcock's final set of datapoints, strengthens the strategem that I laid out earlier in my 3 part thesis.
If 1/4th of those bonds were purposely made fake so as to garauntee confiscation...
... then what does that say about the 15 TRILLION National debt, in Treasuries issued by the US Treasury? Just how much of that National debt is legitimate, considering the Federal Reserve and its crony institutions hold approximately 6 trillion of? We can actually challenge the Fed on a contractual basis alone, and state that because there is no way to prove the legitimacy of the Treasury bonds and notes they hold, the US Tax payer is NOT OBLIGATED to pay interest to those same Treasuries!
This pushes us completely into the territory of Fork 2 and Fork 3. The Dragon Family Lawsuit has one other tactical manuever. I call this fork 4.
Considering that the Federal Reserve was the issuer of those confiscated bonds, then any financial instrument issued by the Federal Reserve IS SUSPECT. Therefore units used by the Fed to purchase our Treasuries ARE SUSPECT, which means that instead of the US Taxpayer owing the Fed interest on those Treasuries, the Federal Reserve STILL OWES THE US TAXPAYER COLLATERAL AND/OR VALID, ACCEPTED PAYMENTS FOR WITHSTANDING TREASURIES PURCHASES. That means that we don't owe the Fed. The Fed owes US 6 TRILLION!
In addition, the FRN (aka Dollar), issued by the Fed as a unit of currency and trade, is a suspect unit. Therefore all Federal Reserve Financial Instruments ARE SUSPECT OF FRAUD. This is like the Bank of America robo-mortgage scam/scandal, but on a spectacular level!
And considering we no longer know if US Treasuries OR Fed financial instruments are legitimate or not, well, we already know what THAT WILL DO to CDS's on Treasuries, and what that does to the Quadrillion dollar derivatives bubble. Pop. Hiss...
We can already see the World Markets made that judgement. From my postings of previous clippings. Asia isn't lending to Europe to save their @$$es, nor are they lending to the Fed, as we've seen in the past three years. And of course we know that Japan got hit with a nuclear earthquake immediately afterwards.
Conspiracy aside regarding the earthquake, simple economics and socio-pysch backs up what I'm saying about the legitimacy of the Fed. We can already see non-biased market indicators of this via the price of gold, silver, platinum, the cut off of flows of money from Asia to buy Western debt, and the already collapsing banking sector of the major Western banks in Europe, and soon the USA.
We can see this via Venezuela, a major oil exporter, repatriating all it's gold, and the massive puchases of gold by China, Mexico, South Korea, Southeast Asia and India. It no longer matters to the Chinese that they're getting gold for a higher price in dollar terms. In fact, it doesn't matter if the price of gold drops in dollar terms back to 2003 levels, around 3-400 dollars per ounce. Why should it matter anymore, when the DOLLAR IS NO LONGER TRUSTED GLOBALLY? Remember, the key to fiat currency IS NOT VALUE.
IT'S TRUST. Which is critical irrespective of whether it's inflation or deflation. The US dollar is not the only trading unit, there's barter, equities exchanges (stocks), and commodity currencies.
You can even state that the market knows this already regarding US Treasuries. It's been terrible sales for 10, 20, and 30 year bonds/notes the last couple of auctions. Even Warren Buffet is stating the obvious, while others, like Gross of PIMCO, are doubling down on them. I think this'll be Gross's 2nd big mistake. It's hard to win when Treasuries are unbelievably manipulated, which we already see given the Fed bought most of em!
Brilliant. This is the multiangular attack on the Fed. It's attacked at the political level, thanks to Dr. Ron Paul and us libertarians. Which is why the FBI now has us classified as terrorist threats. Woot.
NOW, it's being attacked on it's FUNDAMENTAL LEGITIMACY by the Asians.
All the Fed's got left IS physical attacks, hence Libya (Ghaddafi pushing to trade gold for oil), and now Iran (Iran trading oil for anything other than dollars).
When Libya was attacked, unbelievably, the first thing the "rebels" did was setup a Central Bank just days after their uprising.
By the way, I don't agree with Mr. Scott that we just need better management. I firmly believe the key is DECENTRALIZATION. This creates resiliency. Buckminster Fuller said it best that Decentralization is the way of the future.
The system needs to go, and we need a fresh, brand new start on life.
All Da Best!
Da Asian Brutha.