The King’s Bench – March 26, 2007 – Number 1 Page 1

on Cheney were real or a staged media stunt, it seems the VP

Did the Bank of Japan Crash Stocks?
Stocks took a deep nosedive worldwide on Feb 27, and w/o
1
missing the beat, the global MSM was rife with fears, jitters,
and rumors of war. Typical of the paranoia that passes for the
evening news in America, suspicions were cast at China and
various/sundry other members of GW’s “axis of evil”:
“A 9 percent slide in Chinese stocks, which came a
day after investors sent Shanghai's benchmark index
to a record high close, set the tone for U.S. trading.
The Dow began the day falling sharply, and the
decline accelerated throughout the course of the
session before stocks took a huge plunge in late
afternoon as computer-driven sell programs kicked
in.” (Malden Read, AP Business Writer)
is likely being forced and/or maneuvered out of office to make
way for even deeper consolidation of power + credit in the
nation’s capital. What goes around, comes around, it seems.
The story of how Cheney + Rumsfeld (amongst others)
conspired to topple the Nixon presidency during Watergate is a
story that someday needs to be told; perhaps on the pages of
this newsletter. For now, we’re including a shot (above) of the
victors (Rumsfeld, Ford, Cheney, l. to r.) rejoicing in the White
House (April, 1975). If nothing else, it should give you an
uneasy sense for just how long some of these insiders have
been on the Washington scene.

“A big decline in Chinese stocks, weakness in some

key readings on the U.S. economy and news that
Vice President Dick Cheney was the target in a
Taliban suicide bombing attack in Afghanistan all
fueled the selling on Wall Street.” (Alexandra Twin,
CNNMoney.com Writer)

So stocks in America tank b/c Chinese stocks performed

poorly? Perhaps, but such reasoning seems unnecessarily
circular at best. The alleged Taliban “terrorist” attack on
Cheney is also deserving of special mention: has anyone at Countries impacted by the Trans-Afghan Pipeline
the State Department ever bothered reading Hamid Karzai’s
Some things to keep in mind about the recent and continuing
resume? This is the man who served as the Taliban’s chief
stock sell-off: 1) stock market plunges are a cause for profit,
foreign minister before leaving the post to go consult for
not loss, for those who are prepared thoroughly. How many
Unocal(!); the same Unocal
billionaires were created during the Great Depression? Their
that was in 1998 and is now
number is legion. Joe Kennedy was one of them.
today building the massive
CentGas2 oil/gas pipeline
2) The KB Cornerstone: maximize your gold/silver holdings
through Afghanistan. The map
as much as reasonably possible. Although spot gold/silver
below gives you some idea of
prices took a hit on Feb 27, right along w/ stocks, conventional
the general route the new Trans-Afghan pipeline will take from
wisdom says that precious metals can be a smart investment
the oil fields around the Caspian Sea down to its terminal in
in a slouching economy, esp. when there are broader
Karachi Pakistan. Regardless of whether the alleged attacks
inflationary pressures to contend w/ as is the case in America
1
MSM: Main-Stream Media (seen gas prices lately?) There are analysts out there who are
2
The CentGas consortium (Unocal, Amoco, Exxon, Pennzoil, all of
U.S.A.; Delta Oil of Saudia Arabia; Gazprom of Russia; predicting gold + silver prices to reach ~$1,500 USD/oz. and
Turkmenrusgas; Indonesia Petroleum; ITOCHU Oil Exploration of
~$40 USD/oz. in the next 12-24 months. As the (global) stock
Japan; Hyundai Engineering of South Korea; and the Crescent Group
of Pakistan) was technically disbanded c. 1999 after talks with the markets continue to sell-off, gold + silver may become
ruling Taliban stalled. Conveniently enough, the Trans-Afghanistan
Pipeline project (TAP or TAPI) was restarted on Dec 27, 2002 by the increasingly attractive vehicles of wealth generation +
Asian Development Bank following GW’s Afghan War of 2001-2002
preservation.
and the ensuing Afghan “regime change.”
The King’s Bench – March 26, 2007 – Number 1
Some quotes you may find motivating:
"Equity markets continue to trend lower since the 2000
peak, despite the most stimulative monetary and fiscal
policies on record... However, as a 57-year old man, I do
not expect to live long enough, even if I live to be 100
years old, to witness a new high in U.S. equity prices."
(Jay Taylor, Gold & Technology Stocks, Oct 12, 2004)
"Nobody, it seems, is noticing what’s happening as gold
moves higher in what promises to be an historic, monster
bull market… What we’ve experienced so far is the first
phase of what’s shaping up as one of the great bull
markets of our time. In this first phase, sophisticated,
knowledgeable people take their positions. And that’s
what has been happening. This isn’t the crowd buying
gold. This isn’t the mutual funds buying gold. This isn’t
your neighbor buying gold. This is the big money, the
wealthy, the people around the world who know what’s
going on who are buying gold.” (Richard Russell, editor,
Dow Theory Letters)
If that’s not enough proof for you, read on:
Bear in mind that this chart does not take into account inflation;
if it did, the equity prices would only be even more deeply
depressed, while the gold prices would be that much higher.
M3 has at least doubled since GW took office, and that’s a
(very) conservative estimate.3 Fed Chairman Bernanke still
(amazingly) believes that his job is fighting deflation, and is
threatening to drop paper from orbiting helicopters to prove it.4
3
The Fed (notoriously) stopped reporting M3 figures in March, 2006.
To get best-estimate reconstructions of where M3 is likely trending,
consult Bob Chapman over at the International Forecaster or Gary
Kuever at NowAndFutures.com.
4 (Source: “M3 Reporting: What’s the Big Deal” by Sol Pahla)
Remarks by Governor Ben S. Bernanke Before the National
Economists Club, Washington, D.C., Nov. 21, 2002. There is, of
course, an extremely important reason why Bernanke thinks he’s
fighting deflation, and that’s because in an economy based entirely on
credit (as we have today), deflation is the worst nightmare of the
central banker. The value of credit is determined – in part – by the
value of the collateralized assets upon which the credit was issued.
Deflation reduces the price of those assets, and hence reduces the
value (+ demand for) the central-bank issued credit itself. Compare
and contrast this with the central bank-induced cycle of deflation that
kicked off the Great Depression in 1929 when we still operated under a
Page 2
Post-WWII U.S. foreign policy can broadly be defined as the
art and science of pushing as many paper dollars as possible
offshore and keeping them offshore indefinitely.5 This foreign
policy is gradually failing, more esp. under the reign of GWB.
Those who denominate their assets in USD should brace for
moderate-to-severe price inflation in the coming months +
years. Warren Buffet is sitting on over 130 million oz. of
silver as his hedge against a falling dollar! Note that there
are only 933 million oz. of above-ground silver on planet
Earth(!) Expect regional government (i.e., the NAU)6 and a new
color currency (i.e., the amero) – both counterpoints to the
EU/euro combo – to be sold as the “cure” for dollar’s woe.
Remember too that compared to the size of the world’s stock
market, the world’s gold market is – comparatively speaking –
tiny. Even a very small amount of capital moving out of stocks
(and out of real estate) into gold is going to send the price of
gold soaring.
One final note before we move on: when we say hold
gold/silver, we mean hold actual, physical gold/silver coins +
bullion. You don’t want to get caught holding paper certificates,
vouchers, notes, futures contracts, etc., alleging that you have
XX oz. of gold stored in some warehouse in Switzerland; such
“notes” and “contracts” are little better than the paper the Fed
peddles: they are promises to pay. Truth be told, the bullion
inside that warehouse has (probably) already been sold >15x
over by the time you got your certificate. Sure, there’s still a
chance you’ll be the first one in line when the bottom falls out
and you desire to claim your gold, but then you’re just back to
playing the lottery: your chances of actually seeing “your”
gold-standard.
5
Banks officially keep roughly $1 dollar in reserve for every $10 they
have on (electronic) deposit. In practical terms, the real reserve ratio is
almost always far lower + most of the “physical” paper finds it way
offshore as a consequence of combined U.S. foreign/Fed policy. The
net result is the U.S. itself is loaded w/ nothing but electronic dollars
6
Integrating the economies of Canada, the U.S. and Mexico into a
single economic Union has been the apple in the eye of globalists for a
long time now; references to this goal can be found in literature dating
back at least as early as 1916(!). These blueprints are now being
moved “into production”, and the first taste that most Americans will
probably experience will be the new Trans-Texas Corridor (i.e., NAFTA
Superhighway), including rail and oil pipelines running alongside a
“conventional” 10- to 12-lane mega-freeway (Port of Entry in the U.S.
will be at Kansas City). The falling dollar is another consequence of
this economic union. Visit http://spp.gov for more info.
The King’s Bench – March 26, 2007 – Number 1
assets would be no better than 1 in 15. Why take the chance?
The reason you got into gold in the first place was to reduce
the risk of relying on someone else’s promises.
So what did cause Feb. 27’s massive drop in stocks worldwide?
More than likely, the Japanese yen and Bank of Japan
interest rate policy. Stock investors worldwide have in recent
years taken to exploiting what’s known as the “(currency) carry
trade” in order to finance their speculation and gambling.
Suppose, for instance, a trader borrows 1,000 yen from a
Japanese bank, converts those funds into U.S. dollars and buys
a bond for the equivalent amount. If the bond pays 4.5% and the
Japanese interest rate is set at 0.0% (which is where it was at,
for about 6 years), the trader stands to make a profit of 4.5%.
Suppose further that the trader decides to leverage his
investment, say at the common factor of 10:1, and he can make
a (handsome) profit of 45% off the deal. This model
presupposes that the exchange rate between the two
currencies does not change. Realize, therefore, what would
happen in the above scenario were the U.S. dollar to fall against
the yen. The trader would then run the risk of losing money –
potentially a lot of money – if the trade had been deeply
leveraged and was not hedged properly. The carry trade is very
sensitive to interest rate fluctuations: a one percent rise in rates
can wipe out as much as 10-15% of the value of a high-risk bond.
So it didn’t help matters any when the Bank of Japan on Feb 21
went and raised interest rates from 0.25% to 0.50%, thereby
doubling the cost of borrowing from Japan. The second blow
came as the yen began to strengthen against the USD and euro.
This further undermined the performance of carry trades and cut
into the liquidity they generate. Valiant efforts of GW’s Plunge
Protection Team notwithstanding, the U.S. equity markets took a
tumble by Feb. 27.
Borrowing from abroad is basically what has been keeping the
U.S. economy afloat for the past several years (decades?); its
the reason why the U.S. has been able to have guns and
butter and low interest rates and rising asset prices and rising
Wall Street bonuses even as the broader economy teeters on
the brink of collapse viz inflating debt / mortgage bubbles + the
exporting of U.S. jobs offshore. Most realistic projections are
showing that the US will need to borrow about a trillion
Page 3
dollars annually from abroad for the foreseeable future to
keep operating at current spending + trade imbalance levels.
How long this game can be kept up before they need to
introduce a new-color currency to replace the dollar is
anyone’s guess.7
The moral of this whole story of course brings up another
important KB cornerstone: always watch the central banks.
It’s the central banks that control the issue and price of paper.
If you’re going to play in the paper game, you have keep at
least one eye on what the major central banks globally are
doing. Changes in bank policy on one side of the world (i.e.,
Japanese interest rates) can have a dramatic effect on wealth
in some other part of the world in some seemingly unrelated
economic sector (i.e., New York stock prices).
Tales from 1984
A massive story broke in the alternative press this month
concerning 9/11, although barely a peep was heard out of the
MSM.8 In late February, an embarrassing (from the USG’s
POV) video clip surfaced on the Internet featuring a BBC World
News Service reporter broadcasting live from NYC on Sept 11,
20001, informing the entire world that WTC7 had just
“collapsed.” This in spite of the fact that the building is in
plain sight behind the reporter’s left shoulder for the
duration of her entire interview!
The incident drives yet another nail in the coffin of the
government’s “official” explanation of the WTC7 collapse, an
explanation which has now “officially” changed at least five
times.9 The BBC has tried to spin the clip as some kind of
7
Michael Hudson has an interesting new book out called Super-
Imperialism, which examines just this issue; namely, the manner in
which the U.S. has been able to collateralize its own debts and then
use this to force the rest of the world to pay for its imperial exploits(!)
8
Good source w/ more info:
http://www.prisonplanet.com/articles/february2007/270207trustanything
.htm
9
The current explanation favored by the government is that the
building collapsed b/c of fire, although NIST has at various other times
claimed that WTC7 collapsed due to a boiler room in the basement
The King’s Bench – March 26, 2007 – Number 1
honest “mistake” or “error” in reporting,10 but the facts in this
case are plain-as-day and were broadcast live for all the world
to see. Prior to 9/11, no steel-framed structure had ever
11
collapsed due to “fire,” nor had any plane struck WTC7. The
12
fires in WTC7 were small and scattered. There was no
reason for the BBC to presume that the building might be in
danger of collapse, nor did they make any such presumption in
their broadcast: rather, they flat out stated that the building had
already collapsed, when in fact it was still standing and
showed no major signs of damage(!)
BBC Reporter pulls the trigger (roughly) 30 min too early,
announcing the “collapse” of WTC7 before the building
showed any signs of weakness or impending collapse.
The importance of this “glitch in the Matrix” must not be
overlooked or underestimated. The incident it deserving of far,
far closer scrutiny than it has received thus far in the MSM.
Indictments and/or subpoenas should be issued for the BBC
reporters involved, as well as for Aaron Brown (who made a
similar gaff at CNN, but caught himself before wandering too
far down into the lie by turning around to actually look behind
him; seeing that the building was in fact still standing, he
proceeded to change the topic as best he could and adlib his
way through the rest of the teleprompter script). Larry
Silverstein (owner of the WTC complex) has already come out
exploding, or b/c of falling debris from the two larger trade towers.
10
BBC, by the way, admits that the video is theirs and is not some
Internet fake.
11
Even after 9/11, it remains an open question as to whether this has
ever occurred.
12
Far, far smaller than say the fires in WTC6, which was completely
burned but which remained standing until demolished as part of the
clean-up effort at Ground Zero.
Page 4
on public TV and admitted that he blew up WTC7(!)13 Now, in
addition to that gem, we have incontrovertible evidence –
courtesy of the BBC – documenting a “false start” to
Silverstein’s demolition of WTC7(!)
This should be an open-and-shut case.
But it’s not.
So what’s really going on here? How is it that BBC (and CNN)
reporters are endowed w/ seemingly clairvoyant, pre-cognitive
predictive powers of future events? Do these global news
organizations employ a staff of highly-trained, well-paid
psychics? Have they invented a new time machine they’re not
telling us about?
Some quotes from former Central Intelligence Agency officials
may go a long way towards explaining at least some of the
inconsistencies: “You could get a journalist cheaper than a
good call girl, for a couple hundred dollars a month” - CIA
operative speaking with Philip Graham (c. 1950s), editor
Washington Post, on the subject of the availability and prices
of journalists willing to peddle CIA propaganda and cover
stores.14 In the United States we are taught from birth that our
press is free from government meddling. But in truth, this is an
insidious lie about the very nature of the news institutions in
this country; one that allows the government to consistently lie
to the American people while feigning plausible deniability.
Much has been written about CIA control and manipulation of
the corporate U.S. media in general, and about Operation
Mockingbird in particular;15 and we certainly cannot do this vast
subject justice in the few short pages allotted to us in this
newsletter. However, a brief review of Mockingbird may be in
order for those who are unfamiliar with it. The basic idea
(dreamt up by Frank Wisner in 1948) was / is to influence
13
The statement was made in a 2002 PBS documentary America
Rebuilds. For more info:
http://www.whatreallyhappened.com/silverstein_pullit.html
14
Read Katherine the Great (by Deborah Davis) for a revealing expose
of CIA activity at the Washington Post, esp. during the
Nixon/Watergate years and esp. as it concerns Skull&Bones / ONI /
CIA case officer Bob Woodward.
15
Alex Constantine is a good resource.
The King’s Bench – March 26, 2007 – Number 1
domestic and foreign media through a highly centralized
system of publishing and reporting, wherein the top tier of the
pyramid decides what the “news” for that day will be; then the
second tier “parrots” (much like a mockingbird) what it heard
the first tier say; the third tier parrots what it heard the second
tier say, and so on down the line to Joe Six-Pack and Sally
Housewife down in the general population. At the very “top” of
th
the pyramid sit military organizations like CIA and the 4
16 17
Psychological Operations Group at Fort Bragg, N.C. At the
second tier sit the “marquee” news organizations such as
CNN, Fox, NPR, New York Times, Washington Post, Hearst
Publishing, AP Newswire, etc. Regional media outlets then
follow the “marquee” news makers; the local media follows the
regional media, etc, on down the line.
One can imagine that the “pyramid” extends higher as well,
above the national level too; so that CIA actually gets its
marching orders from supra-national NGOs, multi-national
corps, and various other bodies w/ international scope. Seen
from either direction, though, regional compartmentalization of
administrative governmental functions is key to successfully
controlling and manipulating the national media; and the CIA
has been making short work of this in America ever since
1948.
The people at the top of the pyramid naturally desire for their
message to make its way down the very bottom of the pyramid
w/ as much fidelity as possible. In other words, the greater the
extent to which each unit in the chain is able to mindlessly
“parrot” (much like a “mockingbird”) the information it heard
from above, the better the system is working (from the CIA’s
POV). Hence the name of classified intelligence operation to
take control of the US + global media: Operation Mockingbird.
The effectiveness of the operation is aided immensely by
America’s public school (fool?) system, which seems capable
of imparting to students only two things: 1) a general disregard
16
http://www.globalsecurity.org/military/agency/army/4psyopgp.htm
17
The United States is home to the most highly militarized economy,
and the most fully developed military-industrial complex in world
history. It should come as no surprise then that the military plays – at
some levels – a key role in planning and setting the agenda for the
evening news in America.
Page 5
for any idea which does not originate w/ the authority figure
standing at the head of the class; and 2) the delusion that the
ideas transmitted from authority figure to student actually are of
the student’s own invention. Readers will doubtlessly disagree
w/ me on point (1): the stereotypical high school student does
anything but pay respect or attention to the teacher at the head
of the class. Rebellion is the essence of teen spirit. But
consider for a moment how high school actually works: to
graduate from one grade to the next, to have any hope of
graduating, possibly attending college, etc, the student is
ultimately (attitude / behavior issues notwithstanding) expected
to regurgitate back – on various exams, tests + quizzes –
information that was drilled into him by the teacher(s). What
the student regurgitates back must be in relatively close form
to what the teacher originally imparted. If not, the student is not
going to pass. Try telling your physics teacher that Einstein’s
relativity theory has holes + inconsistencies in it, something
that French physicist + Nobel Prize winner Maurice Allais has
been exploring for the better part of several decades now.18
Try telling your history teacher that in 1871 a “shadow”
corporate government was set up in the U.S., alongside the
Republic of 1789, to administer the financial affairs of the
nation during Reconstruction, and that as this shadow
government fell into progressively deeper + deeper financial
debt – first in 1913 and then again (even worse) in 1933 – it
was ultimately quit-claimed by the Republic of 1789 to the
International Monetary Fund in 1945. Try telling your
economics teacher that there is no money (at all!) in circulation
anywhere in the global economy today,19 or try telling a high
school economics teacher much of anything (truthful) about the
Federal Reserve System.
All the foregoing points are in fact true, although they may
require “wisdom” to understand and such ideas are unlikely to
win passing marks in high school (or anywhere else in
American academia, for that matter).20 So point (1) above is
true, in the sense that after 12 years of government-sponsored
18
And something which even Einstein himself admitted(!!)
19
Rather, we all live on a system of debt-backed global banking
credits, which are not money but rather a form of debt (i.e., a liability,
for which the taxpayers are ultimately held as surety); the last vestige
of any type of hard-backing to a major currency disappeared in August
1971 when Nixon unilaterally terminated the Bretton Woods
international gold standard.
The King’s Bench – March 26, 2007 – Number 1
indoctrination in the K-12 system, any trace of original ideas or
thinking have been thoroughly stamped out of the prospective
citizen’s head. If you desire to pass high school, and “make it”
in “real life”, then you have to be able to regurgitate those
ideas that the authority figure at the head of the class pumped
into your brain. Do this for 12 or 13 years, and subconsciously
you’ll begin to ignore any idea that does not originate from the
authority figure. Why bother? There’s no profit to it (i.e., it won’t
help you graduate or get a job).
Point (2) above follows naturally from Point (1); partly b/c the
human ego always desires to see itself in a self-inflated light,
and so even if the mind is incapable – after 13 years in a
government-training camp – of thinking for itself, the mind will
still desperately cling to straws and convince itself – by any
excuse necessary – that it is still thinking for itself. Point (2) is
also true in a very real sense: if my teacher imparts an Idea to
me, and I have to regurgitate that Idea back to the teacher in
“my own” words and thinking on some test, then the Idea has
become a very real “part” of me. The mistake comes when I
trick myself into believing I came up w/ the Idea in the first
place, just b/c it has become a part of my thinking + being; a
21
mistake that is rarely made in high school, perhaps, but one
which is certainly much more common in adult life.
This kind of psychological conditioning is essential – from the
Establishment’s POV – once the student enters adult life. As
an adult, the authority figure of the teacher is transformed
(trance-formed?) into the Tell-a-Vision set. It is at this point that
the years and years of investment the Establishment has
poured into the drone worker from the time of his birth begin to
pay off.22 The citizen no longer thinks to question the
20
In other words, whatever it is that the American public school
system does do, it does not impart a great deal of wisdom 
21
Although the groundwork for this kind of mis-understanding is laid
down in the public education system.
22
And it is a very pricey investment indeed: actual numbers + statistics
escape me at the moment, but it’s a general fact that public school
education is by far the most expensive way to educate a child, usually
carrying a cost of roughly 2x the cost to educate a child in a private
school. The cost of public schools is of course hidden inside property
taxes and other forms of government-mandated wealth extraction, so
the people think they’re getting “something” for “free,” when in fact it’s
costing them an enormous amount; more especially when one
considers how poorly “educated” the “graduates” of the system really
are. Home-schooling, by far the cheapest way to educate a child,
generally produces the smartest, most well-read and most well-
Page 6
information that is beamed into his brain via the Tell-a-vision;
some subjects have been known to go so far as to deny the
existence or reality of an event if it was not broadcast on
TV(!)23 Moreover, all the Tell-a-vision has to do is plant the
seeds: the citizen’s psychological condition – compliments of
the public fool system – will do all the rest. All Hillary Clinton
has to do is get up on TV and say she’s in favor of a national
health care plan. Within a week, all your Democratic friends
are going to be running back and forth, telling you all about
“their” great new idea concerning national healthcare: “Hey! I
just got this really great idea! I think it would be really great if
we had a national health-care system!”24
Point being, the System is engineered to turn the general
public into little more than mindless “mockingbirds,” who run
around all day “parroting” what they’ve been told and
programmed to know, think, believe and feel. This is as true of
Stanford PhDs and Harvard MBAs as it is of Joe Six-Pack and
Sally Housewife.25 The issues these people talk about, the
things they have concerns about, the beliefs they hold,26 the
emotions they feel; all of these things, for the vast majority of
the general public, are the result of artificial conditioning. It is
exceedingly rare that any of these impulses would actually
originate from within the individual himself; rather have been
(deliberately) imposed upon the personality from without by
rounded children + young adults.
23
“If I didn’t see it on TV, it didn’t happen!”
24
Al Gore and his fabricated Global Warming charade are having
much the same effect on mind-controlling the so-called “liberal” Left
Wing these days.
25
In fact, it’s far more important that Stanford PhDs and Harvard MBAs
be subjected to and believe in this kind of false, artificial psychological
conditioning than is the case for Joe Six-Pack and Sally Housewife. It’s
the elites (or at least, the so-called “experts”) who are charged w/ the
responsibility of managing the day-to-day affairs of the Corporate
Plantation. These experts (the lawyers, the scientists, the captains of
industry) are in a position to do far, far greater damage, were the Truth
of their condition ever revealed to them and were their interests not
bought off and paid for, then are the “commoners” out in the Great
Masses of people.
Stated differently: who’s in a position to do Master greater damage
down on the Southern cotton plantation? The common farm slave,
working out in the hot Sun all day long, or the more well-educated
house slave, working inside and tending to Master’s personal effects,
papers + financial affairs? Out here on the Global Corporate Plantation
of the 21st century, the difference between a public and a private school
education is in many ways analogous to the difference between a farm
slave and a house slave working on a 19th century cotton plantation in
Georgia.
Noam Chomsky makes excellent points concerning these topics in his
excellent book / movie: “Manufacturing Consent.”
26
Ever wonder why churches come in “denominations”, just like $$? 
The King’s Bench – March 26, 2007 – Number 1
(very) carefully structured programming which first began when
the child was committed to State “care” (and indoctrination) in
the kindergarten (possibly earlier).
The media – and especially TV – plays the identical societal
role in 2007 that the Church played in the Middle Ages: it’s the
instrument through which the Ruling Class makes its will +
desires known unto the slaves. How many people do you know
who scoff at the Bible (and/or the Church), while sitting
hypnotized in front of the Tell-a-Vision?
The BBC fiasco of 9/11, where we saw a reporter pre-
cognitively “announce” that WTC7 had fallen – even though
it would not do so for another 25 minutes – is a rare
glimpse inside the extremely carefully scripted global media /
programming machine that Mockingbird has created.
Presumably an order was given to demolish the building at
some specific time (let’s suppose, for the sake of argument, at
4:20 pm, rather than 5:20 when the building actually came
down), but police + firefighters had trouble clearing everyone
out of the area in time so, we can imagine, the blast was
delayed for perhaps an hour. That being the case, the signal
that the building would be coming down at 4:20 had already
been relayed to the news media, and could not be retracted in
time; at least, not before the reporters went “live” with the
information on the BBC and CNN. Disturbing as such things
are, and the extent to which they suggest deep corporate +
governmental control and manipulation over the media, what’s
even more disturbing and alarming is the passiveness that
most Americans demonstrate in light these and other repeated
violations and crimes occurring in high places. Even if you
don’t believe that 9/11 was an inside job (and all the evidence
we have clearly suggests that it was; this BBC footage just
simply being the final coup de grace of the government’s
official story), where is your outrage over the lies about WMDs
in Iraq? Where is your outrage over Abu Ghraib? Where is your
outrage over $4 trillion missing from the Pentagon and being
“unaccounted” for? These are serious, serious crimes on the
part of so-called government “officials.” Extremely serious.
Deadly serious.
Page 7
It’s time to wake up, America. These national ID cards, these
Patriot Acts, these “security measures” at airports are not
about catching the “terrorists.” Rather, they have everything to
do w/ setting up a (criminal) domestic police state here at
home, and creating a pretext for perpetual, global war abroad.
Has anyone ever managed to build an airport security detector
that goes off when Henry Kissinger walks through it? If not, it
would seem that you’re not doing much to catch the “real”
terrorists out there.
Ever Wonder Why It’s Called a Social
Security Trust Fund? (Part I)
Every man, woman and child in America is a trust-fund baby.
Well, perhaps not every last man, woman and child. There may
still be a common law freeman running around on the loose,
here and there, somewhere in America. But by and large, the
vast majority of Americans out there (including the author) are
trust fund babies27 born into one of the most pervasive systems
of financial manipulation and control (and ultimately,
enslavement) in world history: Social Security.
To paraphrase the famous Biblical quote, the foregoing may
require wisdom to understand (Rev 13:18, 17:9), and it’s our
purpose to help impart some of that wisdom in this series of
articles. In fact, the Bible makes an excellent place from which
to launch our investigations into the subject, as the U.S. media
seems to go to considerable length to paint those who object to
the SSN as religious “nuts and zealots,” completely detached
from all sense of logic and reason. It is true, the Bible takes a
thoroughly dim view of government census-taking (2 Sam 24,
Luke 2:1), numbering (Rev 13:17-18), taxation (Judges 6:11,
Matt 17:24-27, Matt 22:15-22), etc. But for those who truly
understand the legal mechanics behind Social Security, their
vehement opposition to the system extends far, far beyond
mere religious or moral grounds. The $44 trillion monster 28 that
is Social Security strikes at (and largely destroys) the very
27
Does this explain the seemingly spoiled character of many
Americans?
28
$44 trillion is probably a low estimate of Social Security’s total cost.
The King’s Bench – March 26, 2007 – Number 1
heart of freedom, liberty and the American character, for
reasons we shall soon see.
First let’s review what a trust actually is, in legal terms. The
essence of all trusts is divided title to property.29 30 Most
people are familiar with the concept of “full” title to property,
also known as “lawful”, “complete” or “perfect” title. This is – in
essence – what is meant when one talks about owning a
house, car, etc, “free and clear.” It means that title to the
property is held in full by one person, and the title-holder
maintains full legal control (and responsibility for) the property,
including the right to use, control and dispose of the property.
Many people believe that this is the only form of title which
exists. It is not.
For instance, a man who owns a home free and clear (i.e., he
has “full title” to it) may decide to limit his liability in the property
by dividing his title and placing it into a trust. Should he decide
to do so, the title to the home will be split between trustee –
who will retain legal control over the property and the right to
dispose of that property – and the beneficiary – who will enjoy
the privileges of using that property, but who will have no right
of control over it.
How many times have you heard the government talking to you
about the various “privileges” it is “willing” to extend to you?
Like the “privilege” of driving?31 Or the “privilege” of operating a
business? Or the “privilege” of hunting or fishing? All of which
are activities that generally speaking – in the United States, at
any rate – require a State-issued “license” of some sort (there
are many more examples than just these). The key point here
29
It pays to pause for a moment and realize that the essence of all
Communism is merely a simple variation on this theme: division of title
to property amongst an entire community viz the instrument of the
State; this will be of the utmost importance to understand when we
come back to talking about the role Social Security plays in Communist
Amerika.
30
“The only secure basis for oligarchy is collectivism”
-- George Orwell, 1984.
And in case you haven’t noticed yet, it’s the financial oligarchs who are
the ones in control of the general consolidation towards socialism,
fascism, Communism, etc (i.e., collectivism under any color or stripe);
not the useful left-wing “reformers” who are little more than their
unwitting servants.
31
Some court cases reaffirming the fact that driving is a right, and not
a government-granted privilege, include: Chicago Motor Coach v.
Chicago, 169 NE 22, Thompson v. Smith, 154 SE 579, Kent v. Dulles,
357 U.S. 116, 125, Schactman v. Dulles, 96 App. D.C., 287, 293.
Page 8
being that a license is defined as “a permission, accorded by a
competent authority, conferring the right to do some act which
without such authorization would be illegal, or would be a
trespass or a tort.” 32
So how did America degrade into a condition where driving
down a road, owning and operating a business, etc, all
required some sort of special “permission” from a government
technocrat? Is this “freedom”?
Returning back to our example of the home placed into a trust,
once the home is in the trust, the original “perfect” title to the
property is divided into two sub-components (i.e., “sub-titles”):
legal title and equitable title. Legal title includes the rights of
actual control and disposal of trust property. Equitable title
includes the right of possession and use of trust property. The
difference between legal and equitable title is similar to the
difference between a landlord and a tenant: the landlord owns
the house and has legal right to control and dispose (i.e., sell)
the property if he desires. The tenant has the equitable right to
live in, use and “possess” the house. Yet although the tenant
lives in the house, he has no legal right to tear down walls or
sell the property.
When a trust is created, one or more trustees are appointed to
hold legal title to the property, and one or more beneficiaries
are appointed to actually utilize the property in some way. The
trustees effectively manage the property, while the
beneficiaries enjoy the privileges associated with the use of it.
It’s a hard and fast rule that trustees cannot enjoy the benefits
of trust property, and beneficiaries cannot exercise any real
control (i.e., ownership) over trust property. Whenever a single
person holds both the legal title and the equitable title to a trust
property, the “sub-titles” are once again re-united into a single
“perfect” title, the trust is said to be “executed” and it ceases to
exist.
When created in a private capacity – which is to say, between
two consenting parties in the context of a private business
arrangement, and without the involvement or interference of
32
Black’s Law, 2nd edition.
The King’s Bench – March 26, 2007 – Number 1
government agencies – trusts have a number of very important
uses. They are, for instance, commonly used as a means of
asset protection, protecting the “owner” (who becomes the
“beneficiary” once the trust is created) of the property by
effectively “judgment-proofing” it from any legal liability to
which he or the property may be subjected. By cleverly
shielding your assets behind a network of trusts, it’s possible to
live like a king and yet not have more than $500 to your name.
Sure, people may sue you and may even win in court, but if the
property is not in your name it’s not going to be part of the
judgment they are awarded. Trusts are also commonly used to
secure benefits for children who may be too incompetent (from
a legal standpoint) to provide for themselves. Finally, trusts can
be extremely secretive. The man who places his mansion into
a trust for the benefit of his children need not inform the state
or anyone else of the creation of the trust.
However, for all their benefits when used in a private capacity
amongst consenting parties for certain constructive purposes,
when trusts are used in a public capacity – which is to say,
when government decides to place itself in the trust business33
and begins forming trusts (e.g., Social Security) and tempting
you into accepting their “benefits” (e.g., a retirement pension) –
this is when the proverbial “Dark Side” of trusts begins to rear
its ugly head. Always bear in mind that as a beneficiary you
may enjoy certain benefits + privileges (i.e., possession, limited
liability), but these come at the cost of surrendering any rights
you may have (inalienable, natural, Constitutional, God-given,
or otherwise) with respect to the trust property.
In other words, the people of America – slowly but surely
– have been contracting their inalienable, God-given rights
away under the color of becoming (so-called)
“beneficiaries” to various government-created trust funds
(including Social Security).
This kind of public policy causes a deep, deep rift in the very
character of American society, business, government and
jurisprudence. Americans are a people who labor (at this point
in history, very falsely) under the notion that they enjoy various
33
Is there Constitutional authority for the federal government to be
placing itself into this line of work??
Page 9
inalienable “rights” – rights which they are quite certain must
be protected (if vaguely) in that “Constitution” of theirs and for
which someone back in 1776 fought and died. But the problem
with trusts is that beneficiaries have no legal rights within
the context of the trust. “Hi! I’m an American! I have
Constitutional rights!” Umm.. no, not if you have a social
security number you sure don’t. You may have various benefits
and privileges, but you certainly don’t have any rights anymore,
nor can you use the Constitution as a defense against
government intrusion if you find yourself in court.34
The reason for this is that all rights flow from title. For example,
the reason you can drive your car or live in your house is
because you own title to the property. On the other hand, you
can’t drive my car or live in my house b/c you don’t have title to
it. (Even if you do not own “full title” to a car or apartment, you
are “renting” that property from someone who does). In the
context of trusts, “legal rights” will flow from holding legal title to
the trust, and “equitable rights” will flow from holding equitable
title to it. This distinction is especially important when a
beneficiary goes to court as a plaintiff. The plaintiff (beneficiary)
may imagine that his case will be heard in a court of law, but
he will be wrong. The only purpose of a court of law is to
determine legal rights. If you do not have legal title to the
subject matter of the lawsuit, you do not (and cannot) have any
legal rights to that subject matter; or in other words, you have
no standing in law.
Beneficiaries cannot, therefore, invoke a court of law (which
only decides legal rights) when they litigate. (Read that
sentence over and over again, until the truth of it finally begins
to sink in). Instead, beneficiaries must always invoke a court of
equity wherein the judge will rule precisely as he pleases,
unbound by any laws or regulations which may exist.35 Litigants
34
It is not uncommon nowadays for judges to hold (pro se) defendants
in contempt of court for using the Constitution in their defense.
35
Aaron Russo’s recent documentary, America: Freedom to Fascism,
includes a revealing scene where the judge in a tax case flat out
screams in his court: “I will not allow the law in my courtroom!!” Those
in attendance at the court were appalled at the judge’s outburst (as
are, frequently, movie-goers who see the film), but in fact the judge is
perfectly in this rights and legal capacities to be making such
statements / rulings. Tax cases are almost universally adjudicated in
courts of equity, where – for all practical purposes – there is no law.
All there is, is the judge + whatever mood he happens to be in today.
This is – in part – the kind of “legislating from the bench” that the
The King’s Bench – March 26, 2007 – Number 1
in a court of equity are virtually defenseless against any
decision the judge may wish to impose, nor do beneficiaries
have any (practical) rights or recourse to defend themselves
against judicial bias or tyranny. Beneficiaries are always at the
mercy of the court when they litigate.
Therefore, from the government’s point of view, taking a
Citizen and downgrading him to a beneficiary essentially (and
conveniently) empowers the government to treat the
beneficiary as a subject. Subjects (i.e., beneficiaries of the
Social Security Trust) are obligated to accept w/o question or
constitutional defense virtually any regulation the government
wishes to impose on them. In other instances, the government
further tricks us into accept the role of “trustee” relative to
some other governmental or private trust. If we unwittingly
accept this new status of trustee, government can impose a
virtually unlimited list of “fiduciary duties” (like paying an
income tax). The trustee must accept whatever burdens and
obligations are placed upon him by the trust indenture (rules of
the trust) – even if those duties are seemingly outrageous or
36
unconstitutional.
Ladies and gentlemen, the Heart of Darkness towards which
we have been driving, and which at this point has been laid out
in clear view for all to see, is the following:
The United States federal government owns legal
title to any and all property on planet earth to which
a Social Security Number (or its corporate
equivalent, the EIN) is attached.37
Remember, legal title is tantamount to control: you, as a
beneficiary, may have “equitable” title to enjoy the privileges
that come from possessing the property, but the government
gets the last say when it comes to controlling (and disposing)
Framers of the Constitution warned so very strongly about.
36
Although the same person cannot simultaneously be trustee and
beneficiary of the same trust, it is possible for one person to
simultaneously be a beneficiary in one trust and a trustee in a different,
separate trust.
37
Herein is (metaphorically speaking) the Great Secret of the Number
of the Beast laid bare for all to see. Now you know why those who
understand Social Security + SSN detest it so strongly, regardless of
what their “zany, nutty” religious convictions may be.
Page 10
of the property.38 More than likely, this includes your homes,
cars, bank accounts,39 credit cards, your employment income
(i.e., labor) and much, much more; in fact, I daresay it even
includes your very own body (as far as the government is
concerned, that SSN is issued in your name, is it not?)40
Remember when old J.D. Rockefeller claimed that he wanted
to own nothing, yet control everything? You beginning to get
that gnawing, uncomfortable feeling in the pit of your stomach?
And what of the property that is purchased w/o using a credit
card (i.e., SSN)? For instance, property bought in “cash” (i.e.,
Federal Reserve Notes)? Remember first that the only reason
we even have Social Security is b/c the USG went bankrupt in
1933 to its creditor, the Federal Reserve System.41 In other
words, title to whatever property the USG may own and control
ultimately passes – per the terms of the 1933 bankruptcy – into
the hands of the creditor, the Federal Reserve. And as for the
property purchased in “cash” (i.e., Fed Notes), bear in mind
that what is being transferred here is a “note” which ultimately
accrues back to the Federal Reserve which issued it in the first
place. So yes, the Fed owns even that property as well. In
other words, if the USG owns title (on behalf of the Fed) to all
the big ticket items you purchased using the SSN (home, cars,
your labor, etc), the Federal Reserve will still claim title to the
socks, boxer shirts and even the very shirt on your back that
you purchased using “cash.” 42
This is how poor the people of America truly are.
Moral of the story? It’s back to the KB cornerstone: maximize
your gold/silver holdings as much as reasonably possible.
38
Are Supreme Court cases like the recent Kelo eminent domain case
beginning to make more sense to you now?
39
Thinking about opening an offshore bank account in a reputed tax
haven using your U.S. passport? Think again! That U.S. passport has
your SSN attached to it.
40
Think it’s far-fetched that the government would try to claim legal title
(i.e., the right of ownership, control, even “disposal”) over your own
body? In fact, it’s precisely this “trust fund” loophole that people like
Hillary Clinton intend to use to set up a system of mandatory
nationalized healthcare.
41
This bankruptcy is still very much ongoing today. Need proof? Look
to your Social Security card. You wouldn’t need it if you weren’t in
debtor’s prison.
42
This story, which is essentially a story of how checkbook banking
works, is worth its own series of articles in this newsletter. We will defer
a deeper explanation of Federal Reserve Notes until then.
The King’s Bench – March 26, 2007 – Number 1 Page 11

Gold / silver is lawful $$, when you hold it it’s your property; not
like the monopoly money being tossed around by the Fed (it
being a federal crime to deface / mutilate the Fed’s property;
i.e., the interest-bearing notes they issue to the USG). Four
guys are playing a game of Monopoly™. Three guys play fair
and square; as for the fourth guy, every time he finds himself
losing, or whenever he desires to purchase more property,
reaches back into his 18-wheeler full of paper Monopoly™
money and throws down.

Given enough time, who do you think is going to wind up

winning this game? Who do you think is going to end up
owning everything?

The only difference between this and real life is that in real life,
there are more of us and less of them. There’s also more
property out there to be conquered, and of course logistics,
etc, to contend w/. The upside of which is that it takes the
central banking families considerable time (spanning decades,
even centuries) to consolidate their grip on global power.

But the principle is the same: unless you own the printing
presses (and if you’re reading this newsletter, it’s unlikely that
you do), this is not a game that you are capable of winning. It
doesn’t matter if you own 2 homes, a yacht and have a net
worth of $5 million. Sooner or later – it’s only a matter of time –
the central banker is going to pull up next to you w/ his 18-
wheeler full of paper Monopoly™ money and drown you out viz
inflation. These guys play serious, serious hardball. Refer to
9/11, two World Wars, the Great Depression, Soviet
Communism, Nazi Germany, Fascist Amerika, Iran-Contra,
posturing for a third World War, etc, various + sundry other
human calamities for further details.

So how do you get out of their rigged con-game? You go back

to using lawful money: gold and silver.

To be continued…

Questions and comments should be directed to:

paul.sholtz@gmail.com