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Posts Tagged ‘U.S. Postal Service’

English: Canada Post LLV in service

In her January 9, 2012 Truthout article, Saving the Post Office: The Models of Kiwibank and Japan Post, Ellen Brown argues why the New Zealand and Japanese postal services are a model for saving the U.S. Postal Service.

She highlights them because they have public banking operations.

She states:

The USPS is a profitable, self-funded venture that is not supported by the taxpayers.

I don’t know where she got the claim that they are profitable, since CNNMoney reported in February 2011:

[I]t suffered a loss of $329 million in the first quarter of federal fiscal year 2011. That compared with a loss of $297 million a year earlier.

If you think a $329 million loss in a single quarter is bad, consider what happened in the third quarter:

The U.S. Postal Service posted a net loss of $3.1 billion in its third quarter and warned again it would default on payments to the federal government if Congress did not step in.

She criticizes Stephen Zarlenga’s American Monetary Act as being too radical of a change.

On the same basis, I propose a very simple model for saving the U.S. Postal Service, and that is Canada Post.

It’s been profitable for the past 16 years, it reported its most profitable year in 2010 despite the ongoing financial crisis, and boasts the third-lowest postage rates among developed countries, despite Canada’s exceptionally low population density.

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From Wednesday, March 17 to Friday, March 19, I guest hosted “Crash! Are You Ready?“, the second highest-rated show among online listeners out of nearly 40 on the Genesis Communications Network, just behind Alex Jones.

Exposing the AIDS scampart 1 (Covering the Wednesday, March 17 Washington Times article, “Going too far to battle disease”

Exposing the AIDS scampart 2 (Covering the December 2009 article in the mainstream Russian publication Pravda, “AIDS: The Greatest Deadly Lie in the History of Medicine”

Exposing faux capitalismpart 1 (Covering my previous articles: “The Federal Reserve lies about United States Notes (Lincoln Greenbacks)” and “The U.S. Postal Service: Undercutting the U.S. Dollar Since 2003″

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This October 9, 2009 article shows a U.S. Customs form with an SDR (Special Drawing Right) value.

This isn’t a recent phenomenon. The use of SDRs by U.S.  federal government institutions goes further back than 2009. According to the United States Postal Service 2003 Annual Report, “The majority of our international accounts are denominated in Special Drawing Rights (SDRs).

According to the IMF Factsheet on SDRs, “The SDR is an international reserve asset, created by the IMF in 1969 to supplement its member countries’ official reserves. Its value is based on a basket of four key international currencies (U.S. dollar, Euro, Japanese yen and pound sterling), and SDRs can be exchanged for freely usable currencies.

How much have SDRs benefited the U.S. Postal Service at the expense of the U.S. dollar?

On December 31, 2002, 1 USD = 0.7382 SDR
On October 18, 2009, 1 USD = 0.6280 SDR

There was a 15% decline in the USD from December 31, 2002 to October 18, 2009.

It’s not just the illegal Federal Reserve that’s been undercutting the U.S. dollar. The constitutional U.S. Postal Service and U.S. Customs are also in on the act.

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