EURO is FALLING APART

The EURO is FALLING APART.

"Central banks lie. That is what they do. Not too long ago, the Swiss National Bank promised that it would defend the euro/Swiss franc currency peg with the “utmost determination”. But on Thursday, the central bank shocked the financial world by abruptly abandoning it.

More than three years ago, the Swiss National Bank announced that it would not allow the Swiss franc to fall below 1.20 to the euro, and it has spent a mountain of money defending that peg. But now that it looks like the EU is going to launch a very robust quantitative easing program, the Swiss National Bank has thrown in the towel. It was simply going to cost way too much to continue to defend the currency floor.

So now there is panic all over Europe.

On Thursday, the Swiss franc rose a staggering 30 percent against the euro, and the Swiss stock market plunged by 10 percent.  And all over the world, investors, hedge funds and central banks either lost or made gigantic piles of money as currency rates shifted at an unprecedented rate.  It is going to take months to really measure the damage that has been done.

Meanwhile, the euro is in greater danger than ever.  The euro has been declining for months, and now the number one buyer of euros (the Swiss National Bank) has been removed from the equation.  As things in Europe continue to get even worse, expect the euro to go to all-time record lows.  In addition, it is important to remember that the Asian financial crisis of the late 1990s began when Thailand abandoned its currency peg.  With this move by Switzerland set off a European financial crisis?

Thomas Jordan, the head of the SNB has repeated said that the Franc peg would last forever, and that he would be willing to intervene in “Unlimited Amounts” in support of the peg. Jordan has folded on his promise like a cheap suit in the rain. When push came to shove, Jordan failed to deliver.

The Swiss economy will rapidly fall into recession as a result of the SNB move. The Swiss stock market has been blasted, the currency is now nearly 20% higher than it was a day before.

The euro is falling apart, and the Swiss did not want to be married to it any longer.  Unfortunately, when any marriage ends the pain can be enormous."

http://www.activistpost.com/2015/01/what-in-world-just-happened-in.html

What is money?

CREATION OF MONEY…

Only the people have the energy needed to create money in the United States, and in today’s system, credit and security interests circulate as money. The government is a corporation and corporations are dead entities that do not have energy because they are dead.

            Creation of money remains in the same place it always was -- with the people. Before 1933, the people dug the gold and silver out of the earth, took it to an assayer to have it coined by authorized agents of the United States, and spent or loaned their coins into circulation. Since 1933, the people sign notes on their own credit, have that credit converted into currency by authorized agents of the United States, and spend it into circulation. Afteri signing notes on their own credit, the people usually gt into another unintended contract and agree to give a security interest in something as values on a contract they don’t need and don’t even want to enter Article 1 Section 8 Clause 2 authorizes the congress to borrow on the credit of the United States. The “United States” in that clause necessarily must reference the several states, as the Several states. (Not the US corporation located on the little parcel of land known as the District of Columbia.)

            The government has no means of securing credit on its own. The people compose the several states. That clause authorizes the Congress to borrow money on the credit of the people.

            Please Google, “What Does Accepted For Value Mean” to and read and understand the entire 50 pages. Your entire future depends on it.