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occur this year, it could be postponed until 1982.”
On March 13, 1979, while meeting at Strasbourg, France, the Parliament of Europe, which
governs the European Economic Community (Common Market), oversaw the establishment of a
new European money system. Known as the ECU, it was backed by 20% of the participating
countries’ gold reserves (about 3,150 tons). What little strength our dollar had, came from the
fact that all nations buying oil from OPEC, had to use U.S. dollars. Then came the word in
March, 1980, from Arab diplomatic sources at the United Nations that the Chase Manhattan
Bank was making plans to drop the dollar in lieu of the ECU.
Dr. Franz Pick, a well known authority on world currency, said in December, 1979, in the
Silver and Gold Report: “The most serious problem we face today is the debasement of our
currency by the government. The government will continue to debase the dollar until ... within
12-24, months it will shrink to 1 cent ... at which time Washington will be forced to create the
new hard currency ... A currency reform is nothing but a fancy name for state bankruptcy ... A
currency reform completes the expropriation of all kinds of savings ... it will wipe out all public
and private bonds, most pensions; all annuities, and all endowments.”
Against all odds, our economy has continued to hang on, even though financial analysts have
continued to forecast disastrous conditions.
In 1993, Sen. Bob Kerrey (Democrat, NE) promised to support President Bill Clinton’s
Budget Plan, if Clinton would appoint a Committee to study the condition of the American
economy. The President established a 32-member bipartisan committee and in August, 1994,
they issued their report. According to the committee’s findings, by the year 2012, unless drastic
changes are made, we won’t even be able to pay the interest on the national debt. Knowing this,
the federal government has allowed the trend to continue, almost as if they’re trying to run our
economy into the ground. It seems obvious that the destruction of the American economy has
been part of a deliberate plot to financially enslave our nation.
The New Money
Dr. Pick said that late 1983 or early 1984 was the target date for the ‘new money.’ Carl
Mintz, a staff member of the House Banking Committee, had said: “I believe it’s in the billions
of dollars, and it’s buried in lots of places." In the late 1970’s, it was believed to have already
been printed, and stored at the Federal Reserve Emergency Relocation Facility in Culpepper,
Virginia, which is built into the side of a mountain, and would be able to continue functioning
during the aftermath of a nuclear or natural disaster; and the 200,000 sq. ft. Federal Reserve
underground facility in Mt. Weather, Virginia (near Berryville), which is the primary relocation
area for the President, Cabinet Secretaries, Supreme Court Justices, and several thousand federal
employees (Congress would be relocated to an underground facility in White Sulphur Springs,
West Virginia). It is believed, that when our monetary system is finally destroyed, a
reorganization will occur within the confines of a world government, and new money will be
issued.
Rep. Ron Paul, Republican from Texas, who was on the Committee on Banking, Finance and
Urban Affairs, wrote about the new money in a letter to Charles T. Roberts, Executive Vice-
President of the Hull State Bank in Texas:
“In a closed briefing for the members of the House Banking Committee on November