PJ 10
CHAPTER 5
REC #1 HATONN
MON., NOV. 20, 1989 7:00 A.M. YEAR 3, DAY 096
MON., NOV. 20, 1989
Hatonn present in Truth and Light. Dharma, thank you, chela, for setting aside your work for this interruption. I must convey probabilities to Eric and Audrey.
The confusion you are picking up from your friends who seem to be in disagreement regarding your placement are not truly disagreements or contradictions. You must realize that the vibrations they are sensing are not being accurately interpreted.
When one says, "Move to .............", and another says, "Do not move to .............,
I feel great upheaval"--they do. It is not, however, Earth as such.
RIGHT ANSWER WRONG REASON
Let us consider, most carefully, that which you are planning and then let me tell you what is going to happen. I can only give input and I hear your petition for input. You are planning to purchase a home in.......... . What the other advisers are sensing is that you are going into a monetary collapse and you will be strung out with all but valueless property. It is so, if you do not act most carefully.
If I were asked directly for advice, which I believe that you are hereby doing, I would say to go most cautiously and look at all facets which I have presented unto you. It is a most dreadful time to "purchase" anything in real estate--the market is going to dive--soon! I see it dropping even below ten cents on the dollar.
I will give you an economics lesson and then we will consider actions if you desire the particular placement you have chosen. I will further tell you that the same property will be all but valueless in the rather near future. I will, however, give you methods which can offset the loss somewhat if you are quite determined to purchase at this time.
Everything in California which is visible would indicate surging economy in the real estate market and probably is so for the next few weeks or even months. Here is where I can see farther as to probabilities. Understand, please, that fluctuation can occur but I see no signs of the situation lessening, only becoming disaster on the whole--and soon.
The U.S. attitude about debt is leading rapidly to disaster. It will be a "deflationary disaster, not an inflationary one". It has already begun and is under way.
A major and reliable economic indicator, the so-called "Diffusion Index", shows that of the 11 leading economic indicators, only one (stock prices) was up in the most recent month measured (July). (This index thus has a value of about 9%--1/11). You can check it out through rough calculations if you take weekly averages and bring it current but it is not of necessity to do so. Nine out of the last 10 times the Diffusion Index has fallen below 25% in your country, a recession has followed within a year.
Real Estate prices are falling nationwide, and the agency responsible for administering the bail-out of bankrupt S&Ls, the Resolution Trust Corporation, has nearly $1 trillion worth of additional real estate to sell.
You can imagine what will happen when this real estate is dumped on an already-soft market and it must be dumped soon for the bankruptcy syndrome of S&Ls continues full blast. The Resolution Trust Corporation will be next in line.
Commodity prices continue an almost uninterrupted downward trend. The most recent example is the collapse of the coffee cartel. Coffee futures are now selling at a 14-year low. Strangely enough, this is a most important index and projection point. Just as when the diamond cartel fell into disarray, the coffee market is a key indicator. Interesting to note that ones who invested in coffee producing lands in the coffee capitals of the world are unable to even move the property. Some is due to drug problems but that is only a perturbation.
A FULL FLEDGED COLLAPSE BEGINS BEFORE VERY MUCH LONGER!
ATTENTION PLEASE!
The Dow Jones industrial average will collapse again. Not by a wimpy 500 points that shocked all of you a couple of years ago, but by well above a thousand points. This crash will precipitate a money panic and eventually a depression, dear ones. All possible is being done to stave it off a bit longer and allow us to function and acquire during these present months--it is most iffy if it will manage to stay afloat. Our resources, however, are coming from elsewhere so we may be able to pull it off in grand manner.
You are poised on the brink of a slow-down that will be followed by recession, financial panic and, ultimately, a business crash.
Deflation, for you who are not familiar with the term, is opposite of inflation, and far, far more dangerous. It involves a protracted period of falling prices for real estate, raw materials, wages and just about everything people buy and sell. It gains momentum when economic players are forced by desperate business conditions to dump products on the market for whatever price. The last bout in the U.S. occurred in your 1930s, and was an underlying cause of the Great Depression, as you called it. Prices fell 8% in 1932, causing severe credit problems. As the deflation raged, the U.S. lost 10,000 of its 25,000 banks.
The economists who have dared to predict this deflationary period have been ridiculed and laughed at--the shoe is now on the other foot--it now becomes fact.
For the first time since your late '20s, dangerous deflationary forces are emerging simultaneously throughout the financial system of the U.S. One sign is the unusually slow growth in the money supply that seems to have most mainstream financial experts scratching their heads. There is trouble in the monetary aggregates, with the Federal Reserve Board in recent months seemingly losing its ability to create new money, an ominous development. M-1, the narrowest definition of the money supply, shrank nearly 6% this very spring and had its largest monthly drop of the decade during your month of May, according to your Federal Reserve Board. The weak money supply is a reflection that banks are not making many new loans, and this spells trouble for the economic sectors that are heavily dependent on the easy flow of credit, such as housing and car sales. Banks are either unable to find creditworthy borrowers or are simply becoming too afraid to lend.
There is the continuing slow collapse of much of the U.S. Savings and Loan industry, the write-offs U.S. Banks are being forced to make for their Argentine exposure and the sagging U.S. real estate market. Weakness in U.S. real estate is widespread, with house prices falling in April over the previous quarter in 44 out of 60 big American cities. Short-term interest rates have also risen above long-term rates, a development that squeezes the economy hard and makes a business contraction a near certainty.
Let me show you how deflation works so that you can better understand the seriousness of this which I tell you.
Financial institutions lend money to businesses, homeowners and farmers to buy machines, houses, tractors and thus and so. Homeowners may lose their jobs or have to take pay cuts, undermining their ability to pay their loans. As agricultural prices slip, farmers find it harder to meet their obligations. The same happens at companies beset by falling prices.
THE SPIRAL BEGINS THIS WAY
Eventually these borrowers begin to default. But these bad loans just don't vanish harmlessly into the business ether. They are the prime assets of the banking system, the collateral backing the money the public has placed on deposit with these institutions. If the level of loan defaults is high enough, the money held on deposit at banks is threatened. The vaunted multiplier, whereby deposits in the banking system generate loans and new deposits seemingly out of thin air, would go into reverse. This would usher in a full-scale financial panic.
So far, deposit insurance has kept this process of money destruction in check. That, however, is only a facade which gives the appearance of security and is hopelessly non-existent. There are, however, many other forms of debt--such as commercial paper and bonds--that have no government backing. Their default would also be deflationary. As the purchasing power in the form of bank balances and bonds is destroyed, companies would no longer be able to sell goods, leading to a wave of industrial bankruptcies, unemployment and depression.
One reason for the current visible lack of concern about this deflation is the pervasive belief that big government can rescue the economy if it gets into serious trouble--underneath, the big players are scared silly. Simply laugh at this notion if you are utilizing that type of reasoning. The government can't prevent the debacle because governments, through their massive borrowing binge, are part of the debt problem. Everyone complains now about the $150-billion government deficit--but you haven't seen anything yet. The amount will soar out of sight if Washington has to actively manage the trillions on deposit at U.S. financial institutions, while simultaneously facing the massive increase in social spending that is part of every downturn. The printing presses running day and night as with your last market dip will save naught. The Federal Reserve can do nothing but devaluate your dollar even more drastically by such printing of new money. Of course they create other worthless money in so many other ways, but that is for a different lecture.
The downturn will be much, much worse this time than in your 1930s--it has to be--because the economic imbalances created during the long credit-fueled boom of the postwar period are so much larger than the credit problems created before your "Great Depression". In the Early 20s, it took interest rates of 6% on longterm government bonds to break the inflationary psychology and usher in deflation. At their peak in the 1980s, those bond yields soared to more than 15%. This is most advantageous to us at this point but to few others. We would hope this could be continued until we are in hand with funding for our projects. Pray hard, little chelas. We can do wondrous things in a depression if we can but get our up-front funding in place which appears to be right on track. It is coming at a most appropriate time to allow these lessons so that you do not waste of money on overpriced lands and materials.
In your earlier depression you had other advantages which do not exist at present. There were islands of financial stability amid an otherwise dismal economic landscape. Most of the big New York banks, for instance, were solvent throughout the 1930s. Now their balance sheets are weighed down by Third World debt. (This I want to discuss at length, so will not go into depth at this writing--things are working to perfection in the shut-down and capture of oil fields in Saudi-Arabia--clues are all about you now). The same process of money destruction that happens when homeowners or corporations default occurs when countries default, but in past episodes those loans were held by private investors. Now the debt is concentrated in the very heart of the international financial system--see SPIRAL TO ECONOMIC DISASTER Journal #4.
Even the money issued by governments must be suspect and I do expect my chelas to take note and recall their lessons. In your last depression ('30s), government money was backed by gold and had some intrinsic value. Today, it is the debt of governments around the world that forms the main asset backing the actual cash in circulation. If anything happens to undermine government debts, it will immediately destroy the value of the currency in circulation.
I realize that this is most gloomy for you, the citizens and "public". The stock market is vulnerable in a deflation, as is the main asset of ordinary people: real estate. I continue to recommend a bit of cash and gold as the ultimate form of liquidity because it cannot be destroyed by a collapse of credit forms of money. Of course it will drop in value but it is the only foundation upon which you can base anything. The government is ready to usher in the new money system and you will be caught helpless in their, "Look how hard we are trying to save you"! I do not come here to tell you it will be easy nor that you will reverse any trend or that it will be perfection. I do tell you that if you have assets and handle it well, you can even prosper. Use gold, silver and short-term U.S. government Treasury Bills and realize that after the "big-bang" people will be able to buy today's real estate for cents on the dollar.
Interest rates would normally be expected to fall during deflation, making bonds a good investment--it appears that this time it will be just the opposite. Worries about the solvency of borrowers will make people with money reluctant to lend at any interest rate. That would cause borrowing costs to go through the roof, even as deflation increases the purchasing power of money.
WHEN
What might you look for as a trigger of deflationary collapse? It could begin from the strains caused by the onset of the long-awaited (and totally expected) recession. It could be a crisis at a big U.S. bank, a Third World loan default or, just as easily, fallout from the collapse of the overvalued Tokyo stock market. All these above items are in place and ready to happen.
The most threatening development would be a fall of the U.S. dollar on world markets. Foreigners might then pull money out of the United States, driving interest rates to the sky and bringing the whole economy crashing down. That, too, is in place and ready to happen. It is hard to foresee just which will be the trigger but the gun will go off from one source of cause or another. It is purely speculative as to the exact time but it is ready and set and could go at any minute of any day--right now.
Be aware that a key indicator, the "rate-of-change", in money creation and bank lending is falling. This is grave news to you for if it continues to fall--then the banks will simply go broke. A bank's business is making loans and they simply will not be making them. In addition, they will be overwhelmed with the loans they have already made--their prime assets--which have gone bad.
When loans go bad, this represents a disappearance of credit in your money supply, and this process brings on hard times.
You are in the beginning of very hard times and there is no way to validate this statement through your Wall-Street usual channels. You will see it show up first in the overall real estate markets--do not focus on an area of current growth such as this L.A. suburb. Rates are highly inflated in this little town for all the wrong reasons.
The money supply controlled by the Federal Reserve has been shrinking for a prolonged period of time and there have been heavy debts of all types hitting an already distressed system. Banks either are unable to find creditworthy borrowers or are simply becoming too afraid to lend. Watch the trend on a local level and do your planning carefully and you can utilize this as an asset to buy time for relatively negative input.
There is no visible way to reflate the economy. Oh, you will hear "printing more paper money", etc. The "experts" are preparing right now and have pulled forth the old "Great Depression" guidelines whereby:
I. Have the Federal Reserve Banks buy some $3 billion of Treasury debt to put more lending power in the hands of banks (by increasing their reserves).
2. Issue $3 billion of fiat greenbacks in exchange for government bonds.
3. Let the President adopt bimetallism, fixing the weight of gold and silver. (What an interesting concept--arbitrarily set the weight of something regardless of fact).
4. Reduce the gold standard of the dollar--well that is out because you have none.
5. For six months accept silver at no more than fifty cents an ounce, and
6. The FED could alter reserve requirements, lowering them to make credit "easier".
These were written and passed by Congress and they are toying with them again right now, only this time it can't work because you have already blown away most of the foundation.
You can't fix it by printing paper money in more abundance. The supply of money tends to contract when the rate of spending declines. Thus, during the depression, the money, instead of expanding to moderate the effect of decreased rates of spending, contracts, and so intensifies the depression.
Consider "rates of spending"--what is that?
Well, you had it before. Then, like now, falling prices, falling real wages, failed thrifts and banks, etc., represent falling rates of spending. Then comes a system with a violent contraction of the credit money supply.
"RE-FLATION" WILL NOT WORK
No, dear ones, the message is most clearly written indeed. THERE IS NO WAY UNDER THE SUN THE GOVERNMENT CAN NOW REPLAY THE GAMES AND REFLATE THE ECONOMY. PLAYING HYPERINFLATION PAPER MONEY GAMES IS TOTAL NONSENSE.
YOU ARE IN FOR A PROLONGED PERIOD OF CONTRACTION, HARD
TIMES, RISING UNEMPLOYMENT, RIOTS IN THE STREETS, SHORT‑AGES OF FOODS AND GASOLINE, POLITICAL CHANGE AND CULTURAL CHANGE. CHANGE IS THE KEY WORD FROM NOW ON CHANGE, AND CHANGE IS A MOST ARDUOUS ORDEAL. FURTHER, WHEN THE BIG GREY MEN TAKE OVER THE ASSETS OF ARABIA AND CONTROL THE FLOW OF OIL--HANG ONTO YOUR ASSETS BECAUSE THE DEATH KNELL WILL BE RINGING LOUD AND CLEAR. IT IS ON THE THRESHOLD RIGHT NOW. THIS IS WHY THE SAUDI ROYAL FAMILY IS MOVING OUT ITS ASSETS (OBERLI, YOU CAN RELAY THE STORY PRIVATELY).
Now back to the point in hand--Audrey and Eric.
NOT THE TIME TO BUY REAL ESTATE
My blunt advice is to not purchase--YET. See what alternatives lay out for you.
You can, since you have already paid a holding fee, make it refundable contingent on fall-through of escrow. Then make sure escrow falls through.
You can offer to lease the place with option to purchase. Then, of course, when the real-estate market collapses you will not be left holding a mammoth payment.
You can go through all the banks and S&Ls around and never let it close--this can go on for months. Start with Santa Barbara Savings because they are in line for close down at any moment. At present, if they accepted your note they would have to find a second lender--that all takes time and time is what you are buying. I would be most remiss if I did not tell you these things.
If you can get into the property without purchasing--do it. I really recommend that you not purchase at all at this time. I repeat, this is where your advisers see the problem. It is not in the moving to Tehachapi, it is the purchasing of property when they sense collapse of the market.
There are many games you can play at this point. When it comes to the actual transfer, do not take the property in your names--incorporate in Nevada and keep the corporation singular to that one property--at some point you can simply bankrupt the corporation and it will not affect you personally. Then you can purchase, or repurchase or whatever, at the lower rates through someone else in another corporation.
This is a most opportune example of correctly utilizing the information you are privy to on a larger scale. You can be creative. If you can lease-option, for instance, you can get permission to fence the property or, for a lot less investment in the case of rental property, you can rent-a-fence and they will come out and install it for you.
My overall advice is get your cash and invest in short term Treasuries or begin to purchase gold. It is a most disadvantageous time for buying. You are not pressured into a move at this moment but you must consider moving away from the coastline in the most near future.
Of course, if you feel strongly about your intent, we will simply do what we can to assist; however, I do feel that purchasing property this month when you can expect a drop any day, is not of wise investment. So be it.
I trust I have clarified more than clouded the subject. I care most infinitely about your welfare and we must set good examples of good business--which may seem totally opposite of good business at this moment. I CAN see farther, dear ones--much farther!
Money will be coming forth most soon now. It had to be structured in this manner to prevent overspending in lands and property acquisition. We can build for a tenth as much, all the things planned, after the fact.
In great love I project these possibilities unto you. I only ask that you consider the factors presented herein.
Dharma, go now so that our dear ones can have this information prior to moving on with their day. Eric needs to be returning as he feels pressed so let us not delay them.
Perhaps I shall just continue on with this subject as an update instead of beginning the new journal. I need some manner to ease you ones through the day to day happenings on a fairly close and regular basis; say monthly or something of the like.
There are some references you will need to obtain so a trip to Bakersfield must be in your near planning. I will give you the information at a later time. I will effort at keeping the pace a bit slowed while all are visiting through this Thanksgiving holiday. I suggest you prepare as much as possible on the day prior so that you are not in such tremendous confusion on Thursday--food can be re-warmed; I must keep your emotional nerves to a minimum of turmoil for it is so very urgent that we keep you clear for receiving. So be it, we just feel our way along.
In love and care I take my leave and move to stand-by where I can be easily summoned.
SALU, I AM HATONN
PJ 10
CHAPTER 6
REC #2 HATONN
SAT., NOV. 25, 1989 3:45 P.M. YEAR 3, DAY 101
SAT., NOV, 25. 1989
PRIVACY--IS IT POSSIBLE?
A guilt-ridden citizen is far easier to control, therefore the modern State seeks to create so many laws that every citizen is forced at some time in his life to become a law-breaker.
Recognize it--you have entered the age of no privacy. You are open to surveillance at all times. Secret observation booths in government offices and closed circuit television circuits in industry, extending even to public restrooms, are most common depending on the industry or business.
In large operations there are required personality testings which seek to find out a man's innermost thoughts. Federal agents are often "wired" so that their conversations are either recorded on their persons or transmitted to tape recorders some blocks away--modern electronics make fun play games of all of the above actions.
You have now achieved a society in which government may well intrude into the secret regions of a man's life at will--even into his bedroom and bath--especially his bedroom and bath would be far more accurate. Further, records are kept and placed in dossiers on all citizens. Then the dossiers are put on computers so that by merely pressing a button all the miserable, the sick, the suspect, the unpopular, the off-beat and the least suspecting ordinary man of the nation can be instantly identified. The babies are numbered and placed in computer files at birth.
Let us consider a few illusive and often overlooked activities--given forth under the guise of all sorts of nonsensical hoopla. New legislation forces families to identify newborn children with social security numbers--or no tax deduction or assistance aid (food stamps, etc.). Now there are laws to counter "money laundering" which force investors to endure embarrassing questions and confront lawsuits or actual confiscation of funds if the answers aren't "correct". Lawsuits against professionals and businesses are an epidemic disease. Crimes of ever-increasing violence get steadily worse. Electronic eavesdropping and surveillance are widespread as the technology becomes ever more sophisticated.
You can take either of two alternatives. You can either take some steps to avoid being defeated and losing your privacy--or--you can not even pretend that you have any right to privacy for after all you probably "don't have anything to hide". Don't you? Well, it is up to you to choose. However, for those of you who are asking for help we are here to tell you some things that can improve your lot over the next critical time.
You will, however, probably have to change a lot of attitudes and even more bad habits. Some things will be presented which may or may not even be legal. I do not have any intention of looking up codes for reference--you are either intelligent enough to do so for yourself or decline the input. Mostly, however, you live in a guilt stricken society where the ones in control want even more control and make you feel guilty of crime when you have followed the law to perfection. It is the name of the game--fear!
As you have read in the prior writings and from the public projections--you are in a "no matter which way you turn society"!--I can give you some ideas and in fact, detailed "how-to" but if you do not utilize it, you might as well forget it. If you do not take care in all areas you will be caught in the trap of another route. Think of it as hundreds of pac-men all after you and are ready to eat you up. Careful and diligent strategy and disciplined record keeping is mandatory. If you use a little inconvenience and ingenuity along with creative financial planning you can lose yourself quite effectively to the system. No, it is not a pleasant thought nor is it "easy" but it depends upon that which you wish to attain.
I DO URGE MY ONES TO SIMPLY NOT DO BUSINESS WITH OTHERS WHO ARE NOT PREPARED TO DO BUSINESS AS YOU FIND IT NECESSARY. AS A GOOD EXAMPLE--NONE OF OUR BUSINESSES DO BUSINESS WITH ANY OTHER THAN OTHER COMPANIES AND CORPORATIONS--PREFERABLY INCORPORATED IN NEVADA WHERE PRIVACY IS MAINTAINED ABOVE ALL ELSE. IT IS LEGAL, IT IS GOOD BUSINESS AND IT IS YOUR LAST BULWARK OF PRIVACY IN THIS PUBLIC WORLD WHERE YOU ARE ON DISPLAY FOR ALL. MY PLAN IS TO FURNISH YOU WITH RESOURCES AND SOURCES TO EXTEND EXPLANATIONS AND INFORMATION. MY PLAN IS TO ONLY OUTLINE METHODS--YOU WILL FERRET OUT THE INFORMATION--LET'S JUST REFER TO THIS AS HATONN'S HELPFUL HINTS FOR SURVIVAL.
I am going to utilize information from any I find appropriate--I shall give credit where due and earned. I shall give references for contact as we are neither in the fun and games lecture circuits nor in the various business ventures which might prosper from this information. You simply must have available information. In some instances I shall abstain from mentioning resources for security and protection of the presenting individuals. Please remember I need none of your things so please do not get defensive over information. It is the time for trying to save your lives and assets--not a time of bickering and hoarding. You must come together in some type of unified purpose or you are right down the proverbial tubes.
Further, some ones who offer the best physical Earth advice are not comfortable with my presence and prefer to not be associated in public manner with myself. I have no problem with that fact as it is quite remarkable when you encounter myself and my brethren in any form whatsoever. Furthermore, it is most dangerous, indeed, to be linked to me--this scribe is wired completely, the computer monitored, the phones tapped and the house bugged--so be it, it keeps us totally within the letter of the laws for we are only about our Father's business and utilizing that which is made available for your use by your governing bodies.
Ours is no intent whatsoever of subversive attitudes--ours is in answer to petitions for help to, in fact, maintain what can be maintained in this wondrously beauteous country that has been so blessed of our Father Creator. Ours is not to help you overthrow anything but rather to build and sustain while surviving in negative circumstance.
You can create privacy in both your personal and financial worlds with a little care and selectivity. If you go in front of the firing squad without your legal, approved bullet proof vest and the squad shoots--expect to die. Wear your protective gear and expect to survive.
SOCIAL SECURITY NUMBER FOR CHILDREN
I wish to use this as an example of dual intent. The 1988 IRS 1040 form requires parents of dependent minors to apply for Social Security numbers for each dependent. Any parent who refuses will not be allowed to take the deduction for that child. This is quite ingenious, even insidious. It will most surely work also. The Social Security System will get those names you can well bet--SO WILL THE SELECTIVE SERVICE SYSTEM.
Parents must take a notarized birth certificate to the Social Security office. The Social Security Administration then records the name and age of the child. The parents will then be sent a card for each child. YOU CAN BE ASSURED THAT THE SELECTIVE SERVICE WILL KNOW WHICH YOUNG MEN (AND SOON WOMEN) ARE LEGALLY ELIGIBLE FOR THE DRAFT.
Oh, they will tell you everything is for "internal use only" but if you are that gullible then you are hopelessly entangled anyway.
Half the intent is aimed at nailing those non-registered 18-year-olds. You have up to 40% of those aged youngsters who are not registering. This IRS "registration program" will certainly put an end to the low-risk status of young men who refuse to register. All dependents will be listed on a parent's IRS form. All of them will have Social Security numbers and the computers will be able to sort millions of names in brief seconds.
Another facet of the above is that the government knows that the Social Security System will cave in on the generation of workers who will be on those IRS forms. Those poor people will never, ever be paid off, and they will have to support the rest of you with up to 25% of their annual income (combined payments from workers and employers), if projected demographic figures are borne out by the facts. There will be a political revolt, eventually. The kids aren't going to pay. You and your parents before you set up a morally corrupt system of compulsory inter-generational theft by ballot box and it should not inhibit them from exercising their political rights and voting the system into oblivion and THEY WILL DO SO!
But before they do there will be attempts by people to get out of the Social Security System. The best way would be for youngsters never to apply for a card. But that is now too late to accomplish because already their birthright is a number. That number will follow them all the days of their lives.
Well, you have some probable options here also, even though the bureaucrats think otherwise. Either the control system won't last that long or it will collapse, or be voted down, or better yet--perhaps be captured by an invader whose plans are a lot worse than mere taxpaying--you know, those ones who have a shelter system and you don't!
THE QUEST
The government's quest for more and more information about its citizens is insatiable. The planners know that their plans will not work according to plan if the public is allowed to transfer their wealth into hidden places. Thus, they do what they can to persuade people to keep their assets visible. They give tax deductions to parents who identify their children to the Social Security Administration. The IRS requires banks to keep photocopies of checks, and to report cash withdrawals of $5,000 or more, or checks of $10,000 or more. So already you have just learned something--keep cash withdrawals to no more than $4,999 and checks under $10,000. Cash out in small bills and finally get out of the bank altogether.
Now, assuming you have a banking system you may be forced to do business through one--but use every asset in your corner and we will get to those later. Privately you need no bank but you may need one if your corporation is of much size.
Well, you might inquire if there is any way out? Yes, there are some good measures but the ways might be extremely costly. First, you can break the law and establish false identities of yourself, including fake driver's license, fake birth certificate, fake Social Security cards, etc., etc. Second, sell services that are not normally tax-deductible, such as home repairs or auto repairs, and insist on payments in cash. Third, don't report your income to any government agency. Fourth, never open a bank account and phase out all you have. Fifth, sell your house. Sixth, when you get a phone or other utilities in your apartment or rental, use a fake name. Seventh, be prepared to make large cash deposits to the utility companies, since you will have no credit record. Be prepared to move without getting a refund, since they will refund your money by check. Eighth, cancel all subscriptions that are in your "real" name. Ninth, leave no forwarding address with the Post Office. Tenth, use mail drop services for more of your mail. Eleventh, get a passport. Twelfth, convert all your liquid assets to cash, slowly, and then go on a Caribbean cruise. Thirteenth, get off the boat in a tax haven filled with banks, take your cash in a brown sack, and open an account at a bank that has no U.S. branches. Be forewarned: there is no FDIC insurance in such banks. Fourteenth, set up a foreign corporation or trust, and tell your banker (mouth to ear) to transfer your money into it. This is illegal, if you don't report it to the IRS. Fifteenth, have the trust buy property in a country that has no extradition treaty with the U.S.--i.e., Brazil. Sixteenth, be prepared to live as a visible foreigner for the rest of your natural life, if you have to flee the U.S. Seventeenth, be prepared to cut off all future contact with your back-home relatives.
Well, the above is all most workable but I see few who will bother to refold a newspaper or travel map properly so it would be most unlikely that very many would use the above approach--but you sure do have your privacy.
Let us be reasonable, however, it surely does not require much to take a few low-cost steps to protect yourselves against some of those threats that do seem to be high on some bureaucrat's list of recommended policies. People must take steps to reduce the likelihood that any one government decision can separate you from your capital and your entire future. For instance, owning property in the name of a Caribbean-registered or Isle of Man-registered trust or corporation is quite legal. It is also most legal and intelligent to own some Nevada corporations. It is still legal to create paperwork barriers between you and the authorities. In the future, it may not be legal or comparably inexpensive to take such steps; it can be done today.
What you need to buy desperately right now is TIME. If the time that this civilization receives is frittered away over the next years as in the past, then you will probably have even darker days ahead than even we predict. But if you can purchase a bit more time and fallout shelters, monogamous marriages, and reduced government intervention in the economy--better private charities and private schools, win the war on drugs and crime and thus and so, you can wait for things to turn around--but it isn't likely, is it? There are many steps that could benefit the overall system but the facts are, it is not likely to happen. Therefore, we will simply look at bunches of possibilities. Some I will carefully explain--most I will only express and leave in your capable minds.
Dharma, enough for today as we have been at this in writing or verbal taping for the better portion of 12 hours and I am registering your fatigue. We will simply do the best we can, chela, for our time to disperse information is so short. Well, we do that which we can do for the physical plane is most limited.
I move to stand-by that you might close this segment. In appreciation I take leave.
Salu,
Hatonn to clear, please.