The following is an article I had published in my local paper, “The Monroe Times” on April 16, 2014 in the “Letter to the Editor” Column titled “Who Defines What Real Money Is?” and I quote:
“4/15/2014 9:03:00 PM
“Letter to the editor: Who defines what real money is?”
From LaVern F. Isely
To the editor:
The question is – Is money free speech, which the Supreme Court just voted 5-4 in favor? Then the next question is – Are toxic derivatives real money? Because in the last 22 years, they have grown from $5 trillion to $1.2 quadrillion. If the growth of derivatives is going to continue to grow, you can easily see why there will be 11 trillionaires in the next 10 years. Their income growth could be slowed if you decided to tax them, provided you decided to accept worthless currency as real money.
I’ve read the scariest chapter of any book we’ve ever read and that is chapter 29 titled “The Ultimate Affront: Bail-Ins, Derivatives and Forced Austerity” of Ellen Brown’s book “The Public Banking Solution: From Austerity to Prosperity,” which you can get through your local library. It states that the U.S. changed the bankruptcy code in 2005 when George W. Bush was president, and that in a bank bankruptcy, the holders of derivatives have their claim paid before the depositors, who hold CDs, or a savings or checking account, thanks to the bank lobby.
Here are the people who engineered that statement – the IMF, the EU and the ECB, which later was passed by the G20 nations and it was taken out of the hands of the individual countries on the say of their secret meetings of plutocrats. Unless you start to call for the impeachment of some of the politicians who authorized this, this astronomical boondoggle, that has been causing all the class wars around the world, you will probably see the end of the world coming because having more and more wars will not solve the problem of the growing income gap between the rich and the poor. Only open government and media will accomplish this and today we have neither.
Granted, we have some excellent, excellent authors writing books and articles, telling us ways we can get out of our dilemma, which is the only way we can do it without a war. The people will have to do it on their own, by starting to push for state public banking, which is legal, and North Dakota has had public banking since 1919.
The Federal Reserve has completely broken down, which has been led by Alan Greenspan, Ben Bernanke and now, newly appointed, Janet Yellen. Chapter 29 of Ellen Brown’s book can be read on my blog sites by Googling my name, along with many other excerpts I’ve read from great books.”
(WITH THE GROWING, UNREGULATED, TOXIC DERIVATIVE MARKET CAUSING PROBLEMS IN THIS COUNTRY AND AROUND THE WORLD, SUCH AS THE PIIGS COUNTRIES (PORTUGAL, IRELAND, ITALY, GREECE AND SPAIN) GOING ALMOST BANKRUPT, PARTICULARLY GREECE, YOU WOULD THINK OUR ATTORNEY GENERAL, ERIC HOLDER, OR THE FEDERAL RESERVE, WHO IS CHAIRED BY JANET YELLEN AND OTHER AGENCIES, WOULD LOOK INTO WHATEVER HAPPENED IN 2005, CONCERNING THE BANKRUPTCY LAW THAT NO WAY WOULD A DERIVATIVE CONTRACT COME IN AHEAD OF FDIC-INSURED DEPOSITORS, ACCORDING TO PAGE 340-341 OF ELLEN BROWN’S BOOK, “THE PUBLIC BANKING SOLUTION”. THIS IS A TOTAL INSULT TO OUR WHOLE BANKING SYSTEM AND EVERYBODY IN CONGRESS MUST BE UP IN ARMS, SAYING THEY’RE GOING TO GET TO THE BOTTOM OF THIS INSULT TO OUR BANKING SYSTEM THAT’S SUPPOSED TO BE HONORABLE AND SAFE. ELLEN BROWN WROTE TWELVE BOOKS AND IS PRESIDENT OF THE PUBLIC BANKING INSTITUTE AND HAS HER OWN WEBSITE: http://www.webofdebt.com ; I’M GOING TO PERSONALLY CONTACT MY ELECTED REPRESENTATIVES TO SEE WHAT THEY ARE GOING TO DO TO CHANGE THIS MISCARRIAGE OF JUSTICE. SINCE MY REPRESENTATIVE, MARK POCAN, IS COMING INTO MY COUNTY APRIL 25, 2014 AT NEW GLARUS, WISCONSIN, HOPEFULLY SOMETHING WILL GET DONE TO CORRECT THIS MISJUSTICE AND I’LL HAVE TWO SENATORS TO CALL AFTER THAT. I HOPE EVERYBODY THAT WANTS HONEST BANKING DOES THE SAME.
LaVern Isely, Overtaxed Independent Middle Class Taxpayer and Public Citizen and AARP Members