we marked the 40th anniversary of the Federal Reserve Note being
a completely unbacked fiat currency. This month marks another major
event in the demise of the US dollar, September the 11th.
been on a one way road to monetary ruin since at least 1913 the
response to the events of September 11, 2001 have greatly accelerated
11, 2001, the total US Federal Government debt was $5,773,172,068,291.89
($5.77 trillion). Today, on September 11, 2011, the total debt is
$14,685,550,385,913.19 ($14.68 trillion). A 154% increase in total
treasury debt in only the span of a decade.
If you believe
in the Keynesian economics fallacy that government debt, disasters
and destruction are good for the economy, September 11th came at
a good time. The Dow Jones Industrial had been falling dramatically
from its peak on January 14, 2000 of 11,722.98 to 9,605.51 on September
10th down 2,117 from the 2000 high.
The NYSE re-opened
on September 17th, 2001, and closed down 684.41 to 8920.70.
of September 11th included the destruction or loss of four aircraft
($385 million) and three buildings (WTC 1, 2 and 7) ($4.5 billion) and damage to a government building the Pentagon ($1 billion).
Clearly there were other costs but these are the main damage costs.
A total of about $6 billion (at today's current deficit levels,
this $6 billion is borrowed by the US Government every two days).
the US Government attacked Afghanistan (a country that asked that
the US show proof of Osama bin Ladens involvement before handing
him over) and then attacked Iraq (a country with no involvement
in 9/11). According to costsofwar.org, the total spending on those
occupations have now reached $2.3 to $2.7 trillion.
On March 16,
2003, a week before the US attack on Iraq, Dick Cheney appeared
on Meet the Press and stated, "every analysis said this war
itself would cost about $80 billion."
also stated, before the attack, that "it could last six days,
six weeks. I doubt six months."
The Iraq occupation
has now gone on for 3,085 days. 514 times longer than Rumsfeld's
short-term forcast, 73 times longer than his mid-term and 17 times
longer than his longest prediction.
for government work, as they say.
25 million Iraqis now live in freedom." ~ George W. Bush
The human costs
are similar. 2,996 people died from the attacks on 9/11. Subsequently,
in the Iraq and Afghanistan wars, 919,967 people none of
whom had any connection to the events of 9/11 have been killed,
according to the calculations at Unknown
News. That is 307 times more than were killed on 9/11. The deaths
continue to this day.
By 2008, much
as prefaced the 1971 default due to the massive costs for the Vietnam
War the cumulative government expenditures in the Iraq and Afghanistan
occupations and post 9/11 government expenditures finally threatened
the entire financial system.
Unlike in 1933
and again in 1971, the US government default is not so clearly evident.
Indeed, this time there was no shame. The world applauded the governments
choice to heavily inflate and bailout hundreds of banks around the
globe to avert The End Of The Monetary System As We Know It (TEOTMSAWKI).
the Federal Reserve has had to monetize US Government Treasuries
on two separate occassions and continues to do so to this day to
If you can't
bear to watch, he stated, "We anticipate this transition
to take place in a matter of days, and not a matter of weeks."
That was 167
days or 23 weeks ago.
HAPPENED ON 9/11
and political (freedom) costs of 9/11 are stark for everyone to
see. Yet still, to this day, what really happened on that day remains
mostly a mystery.
explanation from the US Government and parroted by mainstream media
is so unlikely that it is the biggest conspiracy theory of them
all. If you have always accepted the official story and never done
your own research into what happened that day then I implore you
to take some time to do so. Some say, "I don't want to know
what really happened," fearing what they might discover.
To that I quote
Ayn Rand who stated, "One can ignore reality, but one cannot
ignore the consequences of ignoring reality".
If you are
more scientifically minded and need to hear thousands of scientists
and engineers who say that the official story is impossible, then
check out this video from Architects and Engineers for 9/11 Truth
the Mystery of World Trade Center 7".
That will start
you down the rabbit hole.
Or, for those
who prefer to watch a documentary style production, still one of
the best documentaries on what really happened that day is the documentary,
understand what really happened that day will cause you to remain
blinded to the ongoing lockdown of the US and, by extension, most
of the western world. 9/11 was the start of a war but it was not
the "war on terror", it was the war against the American
people and their liberties by its own government.
Berwick [send him mail]
is an anarcho-capitalist freedom fighter and Chief Editor of the
libertarian, Austrian economics grounded newsletter, The
Dollar Vigilante. The Dollar Vigilante focuses on strategies,
investments and expatriation opportunities to survive & prosper
during and after the US dollar collapse.