Ben Fulford...Breaking News From My Russian Sources

Ben Fulford: Breaking news from my Russian sources: Sat, February 7, 2015http://benjaminfulford.net/2015/02/07/breaking-news-from-my-russian-sources/Germans have arrested Victoria Nuland’s assistant, who in addition, is an employee of Vanguard Corporation, with almost a billion of high quality fake dollars, printed by Vanguard Corporation. This employee (is a member of the State Department), and now, during his interrogations, he “put under bus” Vanguard Corporation with all of its companies and “putting under bus” Nuland, McCain, Kerry, Brennan and others…He testified how the Vanguard Corporation has printed billions of high quality fake dollars and paid to mercenaries in Syria, Iraq, Ukraine, Libya, etc and paid mercenaries of Greystone and ISIS. He testifies about connections and oil deals between Vanguard Corporation and ISIS.He said,In February, Ukraine’s position has become critical because they cannot pay the new prices for Russian gas. EU, especially the Germans, tried to act as arbitrators. Then from this bitch Susan Rice order came to us directly from Nuland that snipers must create “a bit of panic.”On the day after that Ukraine has a new government, chosen mainly Nuland and John McCain from the National Republican Institute.When the US administration recognize that the snipers were trained NATO (in Poland – TV), and the whole operation was organized by Vanguard, the CIA and the State Department – Obama almost had a heart attack.Now he realizes that he is nothing more than a puppet on a string in our theater, the bloody nigger. Originally stupid Nazis had to kill many more women and children in order to drive Putin into a corner so that he was forced to intervene in the war.But all this just shows that you can teach a pig to shoot, but do not teach her to think. By the way, when the May 18 “Ukrainian” troops attacked Sloviansk, 19 FBI agents and CIA were killed and 14 injured. Greystone lost 17, Academi 59 people.“FBI agents” were actually people of Vanguard. With forged documents desk they received special Ukrainian identity cards that give them power over all Ukrainian police forces.He described how all of the major mass murders and atrocities were organized by the Vanguard Corporation and Greystone mercenaries; how he communicated with Igor Kolomoyskiy and how together they were spreading fake dollars in Ukraine…Germans promised him freedom, to hide him and support if he will tell everything he knows…Also, two other employees of the Vanguard Corporation stole millions of fake dollars, and pretended that they were high jacked by Novorossiyan militia and murdered. Greystone and Vanguard Corporation have send their mercenaries to Novorossiya and killed one of them and return the second.., after which they brought him to London to their hospital and murdered him, saying that he died from a heart attack. His wife, a famous enough person has now provided information to important people and blackmails the Vanguard Corporation…Shocked Merkel and President Francois Hollande on their way to Moscow…Benjamin Fulford"According to the “Fair Use” clause of International Copyright Law, the authors declare that the use of the photos, videos and information in this academic research are analyzed for purposes of “criticism, comment, news reporting, teaching, scholarship, or research” according to Section 107 of Title 17 of the US Code."

I heard this about isis selling oil (Jerome Corsi)and , if true, has about 2 billion in cash to fund their barbaric 8th century caliphate. at least it's worthless paper and they will have to go through a serious laundering process with the outside world and if this info gets around no one will will sell anything to ISIS, downside is the cash will be flowing around the world creating tax increases for Americans-according to this article the entire tinderbox of the middle east has been flooded with fake dollars-

counteritting confederate dollars added to the collapse of the confederate economy during the US civil war;http://www.virtualgettysburg.com/exhibit/currency/main.html

'Vanguard Corporation has printed billions of high quality fake dollars and paid to mercenaries in Syria, Iraq, Ukraine, Libya, etc and paid mercenaries of Greystone and ISIS. He testifies about connections and oil deals between Vanguard Corporation and ISIS.'

robbery at the highest level by Vanguard and another additional tax burden for Americans but , if true, an intel victory because all those paid will not be able to spend the cash for long because the bills will be recognized and flagged-this could be a serious negative ripple effect against the players in the Mid East Theatre-a counterfeiters paradise

I still think fulford is a black hat, remember he said he was kidnapped by the chinese for six months and that's why he was off the grid?

Counterfeit Money,
Who Takes the Hit?

Suppose someone produces perfect counterfeits of subway tokens and uses them to ride on the subway. Who takes the hit? Obviously the subway company does because it will sell fewer tokens as a result. Its net profit will decrease by the price of the subway rides bought by those counterfeit tokens, less the cost of producing them because that reduces the number of tokens it has to produce itself.

A Counterfeit Money Scenario

Now suppose someone produces perfect counterfeits of Federal Reserve notes and spends them into circulation. Is this analogous to the scenario for counterfeit subway tokens? If so, who takes the hit? As we will see, the case of counterfeit notes is quite different and much more complex.

It is virtually impossible to produce perfect counterfeit notes, but some are good enough to circulate for long periods before they are detected. One million dollars worth of counterfeit notes would have an imperceptible effect on the economy. So let's assume an amount large enough to have a measurable effect, say five billion dollars worth. That's only about 1% of the cash in circulation, but more significantly it is about 20% of the cash that banks hold.

What Happens to the Excess Cash?

As the counterfeit notes are spent into circulation, the public will find it has more non-interest-earning cash than it wishes to hold. So it will deposit the excess cash in bank accounts where it adds to vault cash, and thereby increase the aggregate reserves of the banking system. Since banks don't earn interest on cash, they will swap the excess cash for deposits at the Fed in order to lend in the Fed funds market or to purchase interest-earning assets like T-bills.

The Effect of Increased Bank Reserves

The increase in banking system reserves will create an imbalance in supply and demand and apply downward pressure on the Fed funds rate. In order to maintain control of that rate, the Fed will have to soak up the excess reserves by selling some of its own Treasury securities to the public. Thus perfect counterfeit notes spent into circulation will increase the public's holding of Treasury securities, and thereby increase the interest payments due to the public from the Treasury.

Does the Treasury therefore take the hit? No, that implies the Treasury is a profit-seeking enterprise, no different in that respect from the subway company. The Fed is the source of the government money, and Treasury simply recycles what the Fed has previously issued.

Who takes the hit?

In a primitive all-cash economy, counterfeiting would indeed increase the cash in circulation and dilute its value. The holders of cash would then take the hit. But modern economies operate mainly on bank-issued credit, not cash.

The additional interest payments owed to the public by the Treasury resulting from the counterfeit notes must ultimately be covered by increased taxes. That's a wash for the public as a whole, but not for those who pay more in taxes than they receive in interest payments. The net effect is a redistribution of financial wealth within the private sector. It's fair then to conclude that the public takes the hit on counterfeit notes in approximate proportion to the taxes they pay.

The Fed estimates that over one-half of the Federal Reserve notes in circulation have migrated overseas for use as a trusted medium of exchange. It is interesting that if, on balance, genuine Federal Reserve notes return to the domestic economy from overseas, they would have exactly the same effect in the U.S. as would new perfect counterfeit notes.

Virtual Gettysburg - Cenfederate Currency - U.S. Treasury Equipment Used to Print Currency to Finan…

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Replies

Pet Rock February 8, 2015 at 4:54pm

I heard this about isis selling oil (Jerome Corsi)and , if true, has about 2 billion in cash to fund their barbaric 8th century caliphate. at least it's worthless paper and they will have to go through a serious laundering process with the outside world and if this info gets around no one will will sell anything to ISIS, downside is the cash will be flowing around the world creating tax increases for Americans-according to this article the entire tinderbox of the middle east has been flooded with fake dollars-

counteritting confederate dollars added to the collapse of the confederate economy during the US civil war;http://www.virtualgettysburg.com/exhibit/currency/main.html

'Vanguard Corporation has printed billions of high quality fake dollars and paid to mercenaries in Syria, Iraq, Ukraine, Libya, etc and paid mercenaries of Greystone and ISIS. He testifies about connections and oil deals between Vanguard Corporation and ISIS.'

robbery at the highest level by Vanguard and another additional tax burden for Americans but , if true, an intel victory because all those paid will not be able to spend the cash for long because the bills will be recognized and flagged-this could be a serious negative ripple effect against the players in the Mid East Theatre-a counterfeiters paradise

I still think fulford is a black hat, remember he said he was kidnapped by the chinese for six months and that's why he was off the grid?

Counterfeit Money,
Who Takes the Hit?

Suppose someone produces perfect counterfeits of subway tokens and uses them to ride on the subway. Who takes the hit? Obviously the subway company does because it will sell fewer tokens as a result. Its net profit will decrease by the price of the subway rides bought by those counterfeit tokens, less the cost of producing them because that reduces the number of tokens it has to produce itself.

A Counterfeit Money Scenario

Now suppose someone produces perfect counterfeits of Federal Reserve notes and spends them into circulation. Is this analogous to the scenario for counterfeit subway tokens? If so, who takes the hit? As we will see, the case of counterfeit notes is quite different and much more complex.

It is virtually impossible to produce perfect counterfeit notes, but some are good enough to circulate for long periods before they are detected. One million dollars worth of counterfeit notes would have an imperceptible effect on the economy. So let's assume an amount large enough to have a measurable effect, say five billion dollars worth. That's only about 1% of the cash in circulation, but more significantly it is about 20% of the cash that banks hold.

What Happens to the Excess Cash?

As the counterfeit notes are spent into circulation, the public will find it has more non-interest-earning cash than it wishes to hold. So it will deposit the excess cash in bank accounts where it adds to vault cash, and thereby increase the aggregate reserves of the banking system. Since banks don't earn interest on cash, they will swap the excess cash for deposits at the Fed in order to lend in the Fed funds market or to purchase interest-earning assets like T-bills.

The Effect of Increased Bank Reserves

The increase in banking system reserves will create an imbalance in supply and demand and apply downward pressure on the Fed funds rate. In order to maintain control of that rate, the Fed will have to soak up the excess reserves by selling some of its own Treasury securities to the public. Thus perfect counterfeit notes spent into circulation will increase the public's holding of Treasury securities, and thereby increase the interest payments due to the public from the Treasury.

Does the Treasury therefore take the hit? No, that implies the Treasury is a profit-seeking enterprise, no different in that respect from the subway company. The Fed is the source of the government money, and Treasury simply recycles what the Fed has previously issued.

Who takes the hit?

In a primitive all-cash economy, counterfeiting would indeed increase the cash in circulation and dilute its value. The holders of cash would then take the hit. But modern economies operate mainly on bank-issued credit, not cash.

The additional interest payments owed to the public by the Treasury resulting from the counterfeit notes must ultimately be covered by increased taxes. That's a wash for the public as a whole, but not for those who pay more in taxes than they receive in interest payments. The net effect is a redistribution of financial wealth within the private sector. It's fair then to conclude that the public takes the hit on counterfeit notes in approximate proportion to the taxes they pay.

The Fed estimates that over one-half of the Federal Reserve notes in circulation have migrated overseas for use as a trusted medium of exchange. It is interesting that if, on balance, genuine Federal Reserve notes return to the domestic economy from overseas, they would have exactly the same effect in the U.S. as would new perfect counterfeit notes.

Virtual Gettysburg - Cenfederate Currency - U.S. Treasury Equipment Used to Print Currency to Finan…
Acute Observer February 8, 2015 at 12:24am

"Germans have arrested Victoria Nuland’s assistant"

Bad storyline.
Victoria Nuland IS an Assistant Secretary of State for European and Eurasian Affairs at the United States Department of State
She does not have an assistant. She IS one.

"ho in addition, is an employee of Vanguard Corporation"

No, she is not.
http://en.wikipedia.org/wiki/Victoria_Nuland

"He testified how the Vanguard Corporation has printed billions"

Wait a minute... WHO is it that is testifying this? The non-existing assistant to the assistant? ;)

"of high quality fake dollars and paid to mercenaries in Syria"

That wouldn't do them much good since US-dollare are invalidated in the ISIS-controlled areas and where pure gold has the only monetary and accepted value left.

Personally, I have contact with people on the front and nothing you say here have ANY bearing to what is actually happening.
KK, you've once again proven yourself to be a puppet of the powers.
When will you stop?
- Malcolm > Acute Observer February 8, 2015 at 10:18pm
  
  Good response Acute Observer. Please explain to us about the use of fake dollars to pay off freedom-fighters (a.k.a. terrorists) in Ukraine and elsewhere. THERE IS NO HONOR AMONG THIEVES, AND UKRAINE AND MIDDLE EAST TERRORISTS ARE FINDING THIS OUT WITH THEIR FAKE MONEY PAYOUTS IN THE FORM OF FAKE U.S. DOLLARS.
  - Acute Observer > Malcolm February 8, 2015 at 10:31pm
    
    "Please explain to us about the use of fake dollars to pay off freedom-fighters"
    
    There's nothing to explain since I have not yet seen any proof of it happening at all.
    
    All I've seen so far is a made up title and a non-verifyable story around that fake-title.
    - Malcolm > Acute Observer February 8, 2015 at 11:07pm
      
      Here's your fake money in the Ukraine that the mainstream media you trust so much will not cover.
      
      Fake dollars thrown onto National Bank Chief in Ukraine’s Verkhovna Rada
      
      [ 16 January 2015 18:22 ]
      
      Baku – APA. Radical Party leader Oleh Lyashko threw fake dollars onto chief of Ukrainian National Bank, Valeriya Gontareva during the Verkhovna Rada’s session.
      
      While Gontareva was delivering a speech, Lyashko threw fake money onto her.
      
      Chairman of the Verkhovna Rada, Volodymyr Groysman called Lyashko to calm down and demanded law-enforcement bodies to find out whether money is fake or real.
      
      from http://en.apa.az/xeber_fake_dollars_thrown_onto_national_bank_c_221...
- einstein > Acute Observer February 8, 2015 at 7:39pm
  
  Can you seriously not comprehend the continuation of the narrative describing the 'assistant, who in addition' ....wait for it... is ALSO an employee of.....
  
  Look at the punctuation lad, it's all right there.
  - Acute Observer > einstein February 8, 2015 at 10:32pm
    
    The problem is that there is no assistant. That part is made up.
Malcolm February 7, 2015 at 10:14pm

GREAT ARTICLE KRISHNA. This reveals the real problem with pretty paper fiat money: YOU CAN SWINDLE ANYONE WITH IT SINCE IT'S EASY TO RECREATE. This may also be related to the real reason Putin is despised by western bankers: he wants his pretty pieces of paper backed by a commodity as opposed to a backing with words, such as "full faith and credit."