On good governance: US STATE DEPT. CITES Daily News EDITORIAL
Posted on October 6th, 2013
Sri Lanka press is watching us: US not living to own standards: Courtesy The Daily News
The US good governance advice should be packaged and returned to sender, the Sri Lankan Daily News stated in an editorial comment, said US State Department spokesperson Marie Harf in one of her State Dept. press briefings in Washington last week.
She said that while United States, and particularly many in Congress, have urged the government in Sri Lanka to -Ëœmore aggressively pursue reconciliation and accountable government, something we care a lot about, the Sri Lankan press is watching us.-â„¢ She then proceeded to quote from our editorial comment of last week where it was said (please see circled here in the reproduced version) that US good governance advice should be -Ëœpackaged and returned to sender.-â„¢
That editorial comment titled -ËœNo government not good governance-â„¢ was about the US government shut down and the fact that the US government while recommending good governance for countries such as Sri Lanka, cannot govern itself and was forced to -Ëœclose shop-â„¢ last week.
She said the Sri Lankan media feels that the US is not living up to its own standards but added that the US government will keep -Ëœworking with Congress to figure out a way of getting out of the (shutdown) situation.-â„¢
US State Department Deputy Spokesperson Marie Harf said that in general, people around the world can-â„¢t understand why the US can-â„¢t get it-â„¢s house in order.
-I-â„¢ll just give you one example of local press commentary somewhere else in the world that one of my folks showed to me this morning: That the United States, and particularly many in Congress, have urged the government in Sri Lanka to more aggressively pursue reconciliation and accountable government, something we care a lot about. But today, in the Sri Lankan press, they-â„¢re watching what-â„¢s going on in Washington and said, and I quote, that -our good governance advice should be packaged and returned to sender,- she said at the daily State Department press briefing.
She said that based on the Sri Lankan media reaction it shows that there is a feeling the US is not living up to its standards. She however said the US government will keep working with Congress to figure out a way to get out of the situation in the best interest of all of us.
October 6th, 2013 at 4:05 pm
US GOOD GOVERNANCE = SHUTDOWN!!!
I’m laughing from both ends.
October 7th, 2013 at 7:03 am
I do agree wth Daily News editorial. This is not a fact the general public in Sri Lanka realized today or last week, it has been engraved in our minds, because there were plenty of reasons to doubt Congress or other Givt. depts of USA’s sincereity.
If & when we criticize, it is NOT that most Lankans are anti-USA, but we would like to see the largest buyer of our productsm, to be admired & continue to be an inspiration to many who depend on USA.
If we can correct any misconceptions it is all for the good of our relationship with the USA & Congress, for now and in the future. Living in Canada for the last 35 years, I am somewhat familiar with what is going on in the USA.
Thank you all for listening………another expat from Canada, expressing his views..~ J
October 7th, 2013 at 8:05 am
The US is trying to grapple with, and hide the fact that it is no longer the world’s superpower. China and Russia are showing the way: minding their own business and consolidating their countries. Why cannot the USA do the same? Or, is it that without the creation of wars around the world, the war/arms-based US economy would slip further?
Time for a change, USA. I am glad Ms. Harf has taken note.
October 7th, 2013 at 10:16 am
The name “Federal Reserve Bank” is not federal, nor is it owned by the US government. It is privately owned.
Its employees are not in civil service. Its physical property is held under private deeds, and is subject to local taxation.
It is an engine that has created private wealth that is unimaginable, even to the most financially sophisticated.
It has enabled an imperial elite to manipulate US economy for its own agenda and enlisted the US government itself as its enforcer.
The US Federal Reserve Bank controls the times, dictates business, affects Americans’ homes and practically everything in which Americans are interested.
It takes powerful force to maintain an empire, and this one is no different. The concerns of the leadership of the “Federal Reserve” and its secretive international benefactors appear to go well beyond currency and interest rates.
Alan Greenspan, served as Chairman of the Federal Reserve from 1987 to 2006, stated at the annual Dinner of Francis Boyer Lecture of The American Enterprise Institute for Public Policy Research on December 5, 1996:
“Augmenting concerns about the Federal Reserve is the perception that we are a secretive organization, operating behind closed doors, not always in the interests of the nation as a whole. This is regrettable, and we continuously strive to alter this misperception.”
The privately owned Federal Reserve has confused the public, lied to them and stole their gold and silver. All the perplexities, confusion and distress in America arise, not from defects of the Constitution, not from want of honor or virtue, so much as from downright ignorance of the nature of coin, credit and circulation. Of all the contrivances devised for cheating the laboring classes of mankind, none has been more effective than that which deludes him with paper money. After many years of blundering toward it, and only a few months before the beginning of the World War 1, Rothschild found the formula for the most efficient credit machine that was ever invented. This was the Federal Reserve System.
Most people are unsure of the meanings of words such as money, dollar, wealth, inflation and credit. The average person would be very surprised if they knew how the money system used to work compared to how it operates now.
The essence of psychological warfare is to confuse the meaning of words, and infiltrate the mind with conflicting concepts. The use of the word Federal in the name federal Reserve leads the public to believe that the Federal Reserve is a government institution, when it is really a private corporation owned by foreign and domestic banks and operated for profit. The Federal Reserve controls America’s money supply and interest rates, and there by manipulates the entire economy, in violation of
1. Article 1, Section 8 of the United States Constitution that expressly charges Congress with power to coin money and regulate the value thereof, and.
2. Article 1, Section 10 of the constitution says “No State shall make any thing but gold and silver Coin a Tender in payment of Debts.”
Over time, gold and silver coins were removed from American money supply and removed as backing for American paper currency and replaced with debt (or credit).
The definition of dollar has changed to hide the fact that a dollar is not money, but a unit of measurement for gold and silver coin. For example:
1. Title 12 United States Code Section 152 says: “The terms lawful money or lawful money of the United States shall be construed to mean gold or silver coin of the United States.”
2. Title 31 United States Code, Section 5101 says: “The money of account of the United States shall be expressed in dollars.”
The recent equivalent to the goldsmith’s receipt for gold is the Federal Reserve Note. The word “Federal” implies Federal government, but the Federal Reserve is a privately owned corporation. The word “Reserve” implies that something gives the paper receipt value, but no gold or silver backs this paper.
The word ”Note” implies a contract, because legally a note must state who is paying, what is being paid, to whom and when.
Most people say something like, “I have a dollar bill”. But what is a bill?
A bill is a receipt of a debt owed by one person or company to another. Therefore, a “dollar bill” is a receipt (or bill) of debt of one dollar that is owed.
From 1914 to 1963, Federal Reserve Notes never claimed to be money, nor did they claim to be dollars. A note for five dollars read: “The United States of America will pay to the bearer on demand five dollars.”
How can a promise to pay five dollars be five dollars?
To the left of the President’s picture and above the bank seal, it said: “This note is legal tender for all debts public and private, and is redeemable in lawful money at the United States Treasury or at any Federal Reserve Bank.”
In 1963, the Federal Reserve began to issue its first series of notes without the promise, while taking notes with the promise out of circulation. How can paper become what it promises by removing the promise?
To the left of the President’s picture and above the bank seal, it now read: “This note is legal tender for all debts public and private.”
A note is a proof of debt. It is not possible to pay off a debt with a debt. No debt can be paid in full unless paid in gold or silver, coined and regulated in value by Congress. The name “Federal Reserve Note” is a fraudulent label since each word claims to be something that in reality it is not.
By removing the promise to redeem the note in lawful money, the Federal Government in cooperation with the Federal Reserve, eliminated the monetary system of the United States as established by the Constitution and replaced it with something totally different.
If you are holding a one US dollar Federal Reserve Note, the question is: “what is one dollar?“
The answer is absolutely nothing. The number measures no substance.
The only thing that give paper money value is the confidence people have in it. US Federal Reserve Notes are only accepted because people believe they have value.
January 31st, 2014 at 1:04 pm
U.S. economy is struggling and the U.S. government is absolutely drowning in debt. Unfortunately, the Federal Reserve has decided to recklessly print money out of thin air, and in the short-term some positive things have come out of it. But quantitative easing worked for Germany almost 100 years ago.. At first, more money caused economic activity to increase and unemployment was low. But all of that money printing destroyed faith in German currency and in the German financial system and ultimately Germany experienced an economic meltdown that the world is still talking about today. This is the path that the Federal Reserve is taking the USA down, but most Americans have absolutely no idea what is happening.
It is really easy to start printing money, but it is incredibly hard to stop. Like any addict, the Federal Reserve is promising that they can quit at any time, but they refuse to even start tapering their money printing a little bit. Federal Reserve seems to be convinced that any “tapering” could result in the bursting of the massive financial bubbles that it has created. Federal Reserve believes as the market seems not to, that the current “recovery” could not survive without continuation of massive monetary stimulus. Federal Reserve is usually very careful not to do anything which will hurt the short-term interests of the financial markets and the big banks. If Federal Reserve continues to pump, the financial bubbles that it has created will get even worse. If Federal Reserve stops, those bubbles will burst. But it is inevitable that these financial bubbles will burst at some point one way or another. The Federal Reserve is trapped and can’t end tapering or else the bond and stock markets will blow up. The longer this continues the bigger the inevitable burst. While the Federal Reserve has been recklessly printing money out of thin air, household incomes have actually been going down for five years in a row… The employment to population ratio fell from about 63% before the last recession down to underneath 59% at the end of 2009 and it has stayed there ever since. So if quantitative easing has not been good for average Americans, who has it been good for? The wealthy, of course. This is fantastic for every rich person – This is the biggest redistribution of wealth from the middle class and the poor to the rich ever.
The implication of the Federal Reserve’s policy is that the rich will spend their wealth and create jobs—essentially betting on “trickle-down economics.” But it hasn’t worked for five years. We have now entered a money printing spiral from which there is no easy exit. Federal Reserve has “crossed the Rubicon” and we are now “in the End Game”… If tapering even $10-15 billion per month from $85 billion month quantitative easing programs would damage the economy, then we’re all up you know what creek without a paddle. Here we are, five years after 2008, and the Federal Reserve is stating point blank that the economy would absolutely collapse if it spent any less than $85 billion per month. This admission has proven just how long ago we crossed the Rubicon. We’re already in the End Game. Period. Most Americans don’t really understand what quantitative easing is, and most don’t really try to understand it because “quantitative easing” sounds very complicated. But it really isn’t that complicated. The Federal Reserve is creating gigantic mountains of money out of thin air every month, and the Federal Reserve is using all of that newly created money to buy government debt and mortgage-backed securities. Over the past several years, the value of the financial securities that the Federal Reserve has accumulated is greater than the total amount of publicly held debt that the U.S. government accumulated from the presidency of George Washington though the end of the presidency of Bill Clinton…
US dollar supply is beginning to grow at an exponential pace. So far, complete and total disaster has not struck, so most people think that everything must be okay. But it is not.
It is simply not rational for other nations to continue to lend USA money at less than 3% a year when reckless money printing by the Federal Reserve threatens to greatly accelerate the devaluation of our currency.
Right now, the Federal Reserve is buying roughly half a trillion dollars worth of U.S. Treasuries a year, but the U.S. government issues close to a trillion dollars of new debt and must roll over about 3 trillion dollars of existing debt each year. If the Federal Reserve eventually decides to buy all of the debt, then interest rates won’t be a major problem. But if the Fed goes that far our financial system would be regarded as a total joke by the remainder of the globe and we would reach hyperinflation much more rapidly. If the Federal Reserve stops buying debt completely, the financial bubbles that they have created will burst and we will rapidly be facing a financial crisis even worse than what we experienced back in 2008. The Federal Reserve is systematically destroying what was once the strongest financial system in the world, and in the end we are all going to pay the price