Len Lamensdorf and Dr. Karen Hudes were first time guests of my radio show on June 11, 2013. America’s Founders never desired an empire. But thanks to international banking interests who created the Federal Reserve to clandestinely finance a government never voted for by âthe people,â America is now a global empire. Lamensdorf sees ever more prevalent signs a declining American empire amid growing signs of corruption correlated with the love of money and power.
What are the signs that the U.S. Empire is on the wane and what can we do about it?
Dr. Karen Hudes, Senior Counsel for the World Bank legal department reported corruption to US Congress, the World Bank’s other member countries and the public. She has blown the whistle on a massive corruption scheme at the World Bank, an institution of spoils to the victors of World War II. Dr. Hudes is concerned the demise of the U.S. dollar as the world’s reserve currency could result from that behavior and with that, quicken America’s decline. The U.S. is losing its credibility with other countries and the denial of the U.S. to deliver the gold that Germany owns and has requested to have returned to them, only adds to the loss of credibility of the U.S. This loss is becoming irreversible. Why will the U.S. take seven years to complete the return of this gold to its rightful owner? What games are being played by the U.S. and where is all the gold? Has it been leased at lower prices than the current price of gold? Is that why the U.S. canât return the gold to Germany right away?
Indeed, it is interesting to see the trend away from the dollar and the euro toward gold and âotherâ currencies as currency reserves over the past six years. From charts provided by The World Gold Council and the IMF, we can see that gold has risen as a reserve asset from 10.45% in 2006 to 12.79% in 2012, while the dollar shrunk from 36.64% to 28.71% and the Euro decreased from 14.04% to 11.63% during that same time frame. In addition to gold, âotherâ currencies are also being used to replace the main western currencies that are rapidly being debased with endless trillions of new units of supply while their economies remain stagnant. This is in agreement with Dr. Hudesâ statement that the BRIC countries are establishing their own separate development bank that is going to be used to barter their trade and then export their surplus dollars to the U.S., thereby making the dollar trade less relevant.
Through her work, Dr. Hudes believes we are on track for a rule of law and approaching the time when we have a rule of law solution and the cover-up is disclosed. What concerns me is that the rule of law has been broken and that we have lost all that has been dear and precious to Americans. Are we too far down the road to have the rule of law reinstated and have we become the new Roman Empire on its road to destruction?
Jay Taylor Host of Turning Hard Times Into Good Times Jay Taylor is the host of Turning Hard Times Into Good Times on the VoiceAmerica Business Channel and has been able to more than double his newsletterâs model portfolio from 2000 to the present even as the S&P 500 was in the process of losing 50% of its value! The insights provided to Jay came from a history professor in 1967 who advised Jay that when countries go off a gold or silver standard, hard economic times are sure to follow because nations begin to think they do not need to work hard and save to enjoy a better life. Indeed there is no free lunch and a gold standard reminds people of that every day. Jay watched his professorâs prophetic words come true when in 1971, President Nixon completely detached the dollar from gold. Not surprising to Jay, the price of gold skyrocketed in the late 1970s as inflation wiped out vast amounts of wealth from average Americans. To protect his own wealth Jay began to invest in gold and gold mining shares and in 1981 he began sharing his success and insights in his newsletter. In 1981 Jay began writing a subscription newsletter that has earned his subscribers countless thousands of dollars over the years. Jayâs insights as to the real cause of our problems has enabled him to find investment strategies that work. Diagnose a problem correctly and you have a chance for success. Diagnose a problem incorrectly as the establishment does and you are surail.