THE MAN FROM WASHINGTON LAUNDERS THE MONEY

compiled by Dee Finney

9-18-09 - MAN FROM WASHINGTON

DREAM - I was living in an apartment building, I was the manager.  My husband Ed had come home from prison.

I went down into the basement to do some laundry. There wasn't much because I did it every day. The load I had only had 5 socks in it, so I asked the two girls who had a load of laundry done if I could put my 5 socks in with theirs.  They said, "Yes!" but they expected me to pay for it.

All I had was 5 nickels.  When I got the 5 nickels for the machine, Ed said that the girls had already put the money into the machine, and sure enough when I put 5 nickels into the machine 5 quarters came out.

Meantime, two little boys came into the basement and they were using a cotton swab - daubing it on black spots on the white paint. But one of their little friends had a blister on his heel and asked the boys with the paint, to paint over his blister.

I heard that and said, "No way!"  We'll put medicine on it.  No 7 year old gets a blister painted on my watch!"  and I held him by the hand and walked over toward Ed with the little boy. 

The little boy jumped up on the narrow bed in the basement where Ed was watching what was going on and I asked Ed to watch the little boy while I went to get the medicine.

While I had been upstairs getting the 5  nickels, Ed was busy making a deal with the a young man to do something naughty for him for some favor, and when I discovered it, I got very assertive and told him, "No way.  You can do something for me instead.  I looked up at the ceiling which was made with very narrow wooden slats in a herringbone pattern, and the paint was wearing off and a lot of it needed repainting, so I told them he could repaint the ceiling of the basement.

Meanwhile, the owner of the building came down into the basement. He had a very rugged face, and when he came down, he put a narrow bed with a white sheet on it against the stairway, so that when I wanted to go upstairs for the medicine, I needed my shoes taken off because I had walked on the dirty floor with them.

So, Ed and the owner of the building came up behind me and I asked Ed to take my shoes off for me as I was on my hands and knees on the bed, getting ready to go upstairs again and I didn't want to walk on the white sheet with my dirty shoes..

At the same time, there was a man doing laundry over in the corner doing my friend Judi's laundry.  I heard him make a strange sound as his laundry got done, and he hollered out, "YOW!  I'm the man from Washington!"

 

.NOTES: 

enmity
Noun
a feeling of hostility or ill will [Latin inimicus hostile]

Collins Essential English Dictionary

Antagonism is hostility that quickly results in active resistance, opposition, or contentiousness: "the early struggles of famous authors, the notorious antagonism of publishers and editors to any new writer of exceptional promise" (Edith Wharton).

Animosity often triggers bitter resentment or punitive action: overcame her animosity toward her parents.

Rancor suggests vengeful hatred and resentment: filled with rancor after losing his job.

Antipathy is deep-seated aversion or repugnance: an antipathy to social pretension.
Animus is distinctively personal, often based on one's prejudices or temperament: an inexplicable animus against intellectuals.

The American Heritage® Dictionary of the English Language, Fourth Edition copyright ©2000 by Houghton Mifflin Company. Updated in 2009. Published by Houghton Mifflin Company. All rights reserved.

 

Best Answer - Chosen by Asker

1. God’s Kingdom is a real government, one that will last forever. The Bible’s first prophecy revealed that God would send a rescuer to faithful mankind. Called the “seed,” this One would undo the terrible ills that were set in motion by the rebellion of Adam, Eve, and Satan. (Genesis 3:15) Much later, faithful King David was told something thrilling about this “seed,” or Messiah. He would rule over a Kingdom. This government would differ from all others. It would endure forever.—2 Samuel 7:12-14.

2. God’s Kingdom will put an end to all human governments. The prophet Daniel was given a vision in which he saw a succession of world powers, stretching down through history into our own time. Notice the thrilling climax to that vision: “In the days of those [final human] kings the God of heaven will set up a kingdom that will never be brought to ruin. And the kingdom itself will not be passed on to any other people. It will crush and put an end to all these kingdoms, and it itself will stand to times indefinite.” So all the kingdoms, or governments, of this world—with their wars, oppression, and corruption—will be destroyed forever. As Daniel’s prophecy shows, God’s Kingdom will soon rule over the whole earth. (Daniel 2:44, 45) A concrete reality, it will remain the only government in existence.

3. God’s Kingdom will end wars, sickness, famine, even death itself. Thrilling Bible prophecies reveal what God’s Kingdom will do here on the earth. That government will accomplish what no human agencies have ever done or could ever do. Imagine—all weapons of war destroyed forever! “He is making wars to cease to the extremity of the earth.” (Psalm 46:9) No more doctors, hospitals, or disease of any kind. “No resident will say: ‘I am sick.’” (Isaiah 33:24) No more famines, food shortages, malnutrition, or starvation. “There will come to be plenty of grain on the earth.” (Psalm 72:16) No more funerals, wakes, cemeteries, morgues, or the misery that accompanies them. Death, our relentless enemy, will be vanquished at last. God “will actually swallow up death forever, and the Sovereign Lord Jehovah will certainly wipe the tears from all faces.”—Isaiah 25:8.

4. God’s Kingdom has a Ruler chosen by God. The Messiah is not self-appointed, nor is he selected by imperfect humans. He is personally chosen by Jehovah God. The very titles Messiah and Christ suggest as much. Both words mean “Anointed One.” So this King is anointed, or designated for his special office, by Jehovah. God says of him: “Look! My servant, on whom I keep fast hold! My chosen one, whom my soul has approved! I have put my spirit in him. Justice to the nations is what he will bring forth.” (Isaiah 42:1; Matthew 12:17, 18) Who knows better than our Creator what kind of Ruler we need?

5. The Ruler of God’s Kingdom has demonstrated his worthiness before all mankind. Jesus of Nazareth proved to be the foretold Messiah. He was born in the family line God had specified. (Genesis 22:18; 1 Chronicles 17:11; Matthew 1:1) When on earth, he fulfilled scores of prophecies about the Messiah that were recorded centuries earlier. He was also identified from heaven as the Messiah. How so? Well, God spoke from heaven, identifying him as His own Son; angels pointed Jesus out as the foretold Messiah; and Jesus performed miracles—often in front of hundreds or even thousands of eyewitnesses—that clearly drew on the power of God. Jesus showed over and over again what kind of Ruler he would be. He had not only the power to help people but the desire as well. (Matthew 8:1-3) He was unselfish, compassionate, courageous, and humble. The record of his life on earth is there in the Bible for all to read.

6. God’s Kingdom has 144,000 corulers with the Christ. Jesus said that others, including his apostles, would rule in heaven with him. He called this group the “little flock.” (Luke 12:32) Later, the apostle John was told that this little flock would total 144,000 in number. They would have a thrilling work assignment in heaven, ruling as kings and serving as priests along with Christ.—Revelation 5:9, 10; 14:1, 3.
7. God’s Kingdom, now ruling in heaven, is poised to establish its rule over the whole earth. This last truth is one of the most thrilling we can learn. The Bible gives ample evidence that Jesus has been granted his authority as King in heaven. He is ruling there now, in our own time, and very soon he will extend his rule to all the earth and fulfill the magnificent prophecies we have already mentioned. But how can we be sure that God’s Kingdom is ruling now? And when will it begin to rule over the earth?

 HERRINGBONE PATTERN

Noun 1. herringbone pattern - a pattern of columns of short parallel lines with all the lines in one column sloping one way and lines in adjacent columns sloping the other way; it is used in weaving, masonry, parquetry, embroidery
herringbone
pattern, design, figure - a decorative or artistic work; "the coach had a design on the doors"

See crop circle with this weave pattern:  http://www.bltresearch.com/labreports/ohio.php

Greene County, OHIO  -  July 5, 2005  (wheat)
The most unique cropcircle (??) yet reported in the USA.  An approx. 44 ft. x 35 ft. rectangular area of flattened wheat, interwoven into an intricate “herringbone weave” pattern. Discovered the same day as neighbors observed an aerial object “flickering” on and off for 20 minutes nearby (http://www.bltresearch.com/labreports/ohio.php).

 

Babylon English-English
herringbone
v. decorate in a zigzag pattern resembling fishbones; make a pattern in a herringbone style (used in textiles and masonry); climb a ski slope having the tips of the skis pointed toward the outside (Ski)
adj. resembling fish bones, slanting in opposite directions, zigzag
n. bone of a herring; zigzag pattern resembling fishbones (used in textiles and masonry); fabric that has a herringbone pattern; technique of climbing a ski slope with the ski tips pointed toward the outside (Skiing)
 

MONEY DEVALUATION

Devaluation
 

This article is about the devaluation of Currency.

Devaluation is a reduction in the value of a currency with respect to other monetary units. In common modern usage, it specifically implies an official lowering of the value of a country's currency within a fixed exchange rate system, by which the monetary authority formally sets a new fixed rate with respect to a foreign reference currency. In contrast, depreciation is used for the unofficial decrease in the exchange rate in a floating exchange rate system. The opposite of devaluation is called revaluation.

Depreciation and devaluation are sometimes incorrectly used interchangeably, but they always refer to values in terms of other currencies. Inflation, on the other hand, refers to the value of the currency in goods and services (related to its purchasing power). Altering the face value of a currency without reducing its exchange rate is a redenomination, not a devaluation or revaluation.

Historical usage

Devaluation is most often used in situations where a currency has a defined value relative to the baseline. Historically, early currencies were typically coins struck from gold or silver by an issuing authority which certified the weight and purity of the precious metal. A government in need of money and short on precious metal might abruptly lower the weight or purity of the coins without announcing this, or else decree that the new coins had equal value to the old, thus devaluing the currency. This gave rise to Copernicus-Gresham's Law, which stated that "bad money drives out good", i.e., if pure gold coins and false coins are decreed to have equal value, people will use the false coins for currency and hide the good coins or melt them down into gold.

Later, paper currencies were issued, and governments decreed them to be redeemable for gold or silver (a gold standard). Again, a government short on gold or silver might devalue by abruptly decreeing a reduction in the currency's redemption value, reducing the value of everyone's holdings. Naturally, a government which made a habit of doing this would lead its citizens to hold gold or silver in place of the government's notes, so such governments would often outlaw private hoarding of precious metal in order to prevent Gresham's Law from taking effect.

Devaluation in modern economies

Present day currencies are usually fiat currencies with insignificant inherent value. The value of currency is determined by the interplay of money supply and money demand. As some countries hold floating exchange rates, others maintain fixed exchange rate policy against the United States dollar or other major currencies. These fixed rates are usually maintained by a combination of legally enforced capital controls or through government trading of foreign currency reserves to manipulate the money supply. Under fixed exchange rates, persistent capital outflows or trade deficits may lead countries to lower or abandon their fixed rate policy, resulting in a devaluation (as persistent surpluses and capital inflows may lead them towards revaluation). However, that a devaluation would reduce trade deficits depends on fulfilling the Marshall-Lerner Condition: the sum of exports and imports elasticities (in absolute value) must be greater than 1.

In an open market, the perception that a devaluation is imminent may lead speculators to sell the currency in exchange for the country's foreign reserves, increasing pressure on the issuing country to make an actual devaluation. When speculators buy out all of the foreign reserves, a balance of payments crisis occurs. Economists Paul Krugman and Maurice Obstfeld present a theoretical model in which they state that the balance of payments crisis occurs when the real exchange rate (exchange rate adjusted for relative price differences between countries) is equal to the nominal exchange rate (the stated rate) (Krugman, Paul and Maurice Obstfeld. International Economics (2000), Chapter 17 [Appendix II]). In practice, the onset of crisis has typically occurred after the real exchange rate has depreciated below the nominal rate. The reason for this is that speculators do not have perfect information; they sometimes find out that a country is low on foreign reserves well after the real exchange rate has fallen. In these circumstances, the currency value will fall very far very rapidly. This is what occurred during the 1994 economic crisis in Mexico.

Generally, a steady process of inflation is not considered a devaluation, although if a currency has a high level of inflation, its value will naturally fall against gold or foreign currencies. Especially where a country deliberately prints money (a usual cause of hyperinflation) to cover a persistent budget deficit without borrowing, this may be considered a devaluation.

In some cases, a country may revalue its currency higher (the opposite of devaluation) in response to positive economic conditions, to lower inflation, or to please investors and trading partners. This would imply that existing currency increased in value, as opposed to the case where a country issues a new currency to replace an old currency that had declined excessively in value (such as Turkey and Romania in 2005, Argentina in 2002, Russia in 1998, or Germany in 1923).

See also

References

Retrieved from "http://en.wikipedia.org/wiki/Devaluation"

MONEY: Devaluation Jitters

Monday, Aug. 23, 1971
 

The U.S. has been troubled for so long by inflation and balance of payments deficits that European money markets respond with knee-jerk nervousness to almost any news about the dollar. Thus, last week, the latest word from Washington sent money speculators scurrying to the major exchanges. Cause of all the excitement was a report issued by the Congressional subcommittee on international exchange and payments. Committee Chairman Henry Reuss of Wisconsin and his colleagues suggested that the U.S. dollar should be devalued —preferably by an upward revision in the price of strong currencies like the West German Deutsche Mark. Short of that, they would settle for unilateral action on Washington's part.

Reuss has voiced such recommendations repeatedly over the past few months and his report was quickly disavowed by the Nixon Administration, which has always refused even to consider devaluation. Even so, it convinced many money men that such a move might be secretly under consideration in Washington. Only two years ago, after all, President Georges Pompidou chose the depths of the August business doldrums to lower the value of the franc by 12½%. Now, profit-seekers rushed to the Continent's central banks to exchange their greenbacks for currencies that would presumably rise if the dollar were devalued. The price of the dollar was forced down in France, West Germany, Switzerland, Italy and Britain. Other speculators traded hectically for gold, counting on an increase in its price if the dollar were devalued. At one point, the price of gold on the free markets rose to a new three-year high.

Wider Bands. To stem the dollar inflows, Switzerland's central bank ordered an emergency ten-day delay in the delivery of francs purchased with dollars. The hope is that speculators will be unwilling to tie up their money for that long. French and Belgian central bankers have recently ordered commercial members to turn down foreign deposits that appeared to be speculative —a job requiring detective work that is much easier to perform in the clubby world of European bankers than it would be in the U.S. The move could lead to a much wider "two-tier" exchange system, with separate rules for speculative and ordinary money flows.

Such measures may be effective for the short term, but inevitably they will also block the flow of some long-term capital investment. Moreover, they do nothing to solve the basic problem: the dollar's increasingly obvious overvaluation. The U.S. recently took one step toward reform by proposing a widening of the bands within which the currencies of nations belonging to the International Monetary Fund are allowed to fluctuate. If the U.S. proposal is accepted by I.M.F. directors at their annual meeting in September, the limits would be expanded from 1% to 3%, permitting an effective devaluation of the dollar by as much as 6%.

Just how long that move might halt the increasingly frequent runs on the dollar is uncertain. But it may be the only major reform possible in the immediate future. European nations are not anxious to lose export sales, as they would if they raised the value of their own currencies. In the U.S., the President cannot reasonably be expected to declare any kind of dollar devaluation until after the 1972 election.

********

Massive U.S. Dollar Devaluation Against Gold During 2009

Commodities / Gold & Silver Dec 19, 2008 - 04:08 PM

By: John_Browne

 The Federal Reserve estimates that in the past year losses in real estate, stocks and mortgages have sucked out some $7.2 trillion of wealth from the U.S. economy. Some are now putting the figure at $20 trillion. A massive recession is starting and will likely spread throughout much of the world. These forces have exerted their classic strong downward pressure on the price of gold.

In addition, the $700 billion TARP fund to salvage the American financial system, and large amounts spent by other governments to protect their own banks, has greatly reduced the fear of a financial breakdown. As a result, the financial panic insurance value of gold was largely eroded, adding further downward price pressure.

2008 was a volatile year for gold. Prices have gyrated quite violently between the $700's and $1,000, or by some 25 to 30 percent. This volatility alone acts as a depressing influence on gold prices as it discourages the belief that gold is a credible investment.

The world's major governments long have sought to eradicate gold as a monetary measure in order to remove the last vestiges of monetary discipline and to clear the field for massive government over-spending and inflation.

In 1968, the London Gold Poll was abolished. In 1978, America forced a further move, via the IMF, to write gold out of the international money supply. In August 1971, President Nixon broke the U.S. dollar-gold exchange link.

In September 1999, the United States, while being careful to keep its own gold stocks intact, led other major nations, in the first of two so-called 'Central Bank Gold Agreements' to flood the gold market with sales of gold.

In 1999, the central banks held some 33,000 tonnes, or one quarter of all mined gold. The effect of government gold sales was potentially very bearish for gold.

Gold market observers, who have studied the pattern of IMF gold sales, allege that the sales are timed to cause the maximum volatility in the price of gold, to discourage investment.

More recently, there are allegations that the Government has allowed certain institutions to engage in massive naked short selling of gold and silver. This has caused distortions in the gold price that do not reflect genuine market pressures. In short, they amount to market manipulation.

A fair conclusion is that gold is cheap and that its present price does not truly reflect market conditions.

On December 16th, the Fed announced, as we have long forecast, a further cut in interest rates to between zero and 0.25 percent. It also announced 'unlimited' support to buy assets from beleaguered institutions.

The amount of debt and new money injected into the economy should progressively raise inflation alarm bells. The fire of future inflation is being stoked alarmingly, but the recessive forces of deleveraging are concealing it temporarily.

The Fed looks desperate. This could lead to feelings of panic and upward pressure on the gold price.

Investors should also especially be concerned as to who will repay these massive debts. The conventional answer of politicians is "taxpayers". But this is a serious understatement. Any depreciation of the U.S. dollar means that every American citizen and every single holder of U.S. dollars throughout the world will suffer from monetary loss and a severely reduced standard of living.

In 1934, facing a depression President Roosevelt first confiscated gold from every American. Then, he unilaterally devalued the U.S. dollar by 75 percent against gold.

At a stroke, FDR wiped out 75 percent of the dollar denominated debt of the U.S. Treasury.

As both President-Elect Obama and Fed chairman Bernanke are students of FDR, we face the real possibility of a massive devaluation of the U.S. dollar against gold in 2009.

For a more in depth analysis of our financial problems and the inherent dangers they pose for the U.S. economy and U.S. dollar denominated investments, read Peter Schiff's new book For an updated look at his investment strategy order a copy of his just released book " The Little Book of Bull Moves in Bear Markets ." Click here to order your copy now .

For a look back at how Peter predicted our current problems read the 2007 bestseller " Crash Proof: How to Profit from the Coming Economic Collapse ." Click here to order a copy today .

By John Browne
Euro Pacific Capital
http://www.europac.net/

More importantly make sure to protect your wealth and preserve your purchasing power before it's too late. Discover the best way to buy gold at www.goldyoucanfold.com , download my free research report on the powerful case for investing in foreign equities available at www.researchreportone.com , and subscribe to my free, on-line investment newsletter at http://www.europac.net/newsletter/newsletter.asp

John Browne is the Senior Market Strategist for Euro Pacific Capital, Inc.  Mr. Brown is a distinguished former member of Britain's Parliament who served on the Treasury Select Committee, as Chairman of the Conservative Small Business Committee, and as a close associate of then-Prime Minister Margaret Thatcher. Among his many notable assignments, John served as a principal advisor to Mrs. Thatcher's government on issues related to the Soviet Union, and was the first to convince Thatcher of the growing stature of then Agriculture Minister Mikhail Gorbachev. As a partial result of Brown's advocacy, Thatcher famously pronounced that Gorbachev was a man the West "could do business with."  A graduate of the Royal Military Academy Sandhurst, Britain's version of West Point and retired British army major, John served as a pilot, parachutist, and communications specialist in the elite Grenadiers of the Royal Guard.

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