Friday, 18 June 2010

Bankers To Regulate Themselves. Another Step In The Right Direction

So the Bank Of England is to take over the regulatory powers of the Financial Services Authority? This might help the international banks manage their parasitism more effectively but it will not help us.

Our system is fundamentally skewed in favour of financial oligarchs in a manner that no 'regulation' can fix.

I have tried, quite hard, to find out who specifically controls the Bank Of England. One might as well try to paint the sky. We know that central banks and international bankers co-operate internationally. They say so. The BOE is controlled by these bankers, not by us nor our 'representatives', in spite of its 'nationalisation' in 1945. If the BOE really worked for us it would have created the £1 trillion or so given out during 'quantatitive easing' itself, at no interest, rather than borrowing it from the banking system.

.....and it could easily have done just that.

Now we must 'repay' this debt. In fact the bankers did not "pay" out anything at all. They created this debt out of thin air. The only people who do any paying are ourselves, the debtors.


The nature of the scam at the very heart of our culture is breathtaking. This cannot be emphasised often enough. Look at what 'quantitave easing' really is.

In 2008 the banks were skint. Not because of faulty loans but because of the thousand trillion dollars or so of (now valueless) toxic derivatives they created in their casino 'markets'. Individually, bankers created these derivatives primarily so that they could scam a commission every time a trade took place. Overall, this process was sanctioned to serve a larger strategic purpose.

The usual one.

Next we gave them trillions of pounds (globally) to put them back on their feet.

Where did we get this money?

Why, from the very same skint banking system that had lost everything, holding worthless 'assets' nominally valued at approximately ten times the value of everything on earth.

Now, having given them trillions (that they don't seem very interested in sharing with the rest of us, by the way), we owe THIS VERY SAME MONEY TO THE PEOPLE TO WHOM WE HAVE ALREADY GIVEN IT!!

PLUS EFFING INTEREST!!! (that could and will multiply this money by whatever number they choose.....as it is the banking system, here the Bank of England, that sets the interest rate)

These people are wolves devouring a flock of sheep (that's us).

Let us see what happens next (the cycle seems to work the same every time round). Our currencies are heading for collapse. The derivatives reality ensures this must happen. There are two possible outcomes in the short term:

1) These are the conditions that precipitate war, as the financial powers recharge their system and save their asses. In the aftermath, shattered countries are desperate for money for reconstruction and the debts created always inflate banking power to a new zenith.

2) We will experience a currency crisis. While this is occurring the banks will probably close for a few days. After this (if the capitalist system if allowed to persist) massive financial chaos will bankrupt millions and the possessions of the broken will fall into the hands of (who else) the banks. This is what happened in Germany between the Wars. At this time the bankers might be waiting with a big new idea. The replacement of the global capitalist system by a managed global economy....a kind of global Soviet Union.

Whatever they offer us through 'our' politicians, be sure that THEIR control will be hugely enhanced by whatever new mechanisms are put in place.

This will happen one way or the other.

WE NEED TO RESIST THIS DEVELOPMENT WITH EVERY FIBRE OF OUR BEING!

These people CANNOT FIX OUR SYSTEM. THEY are the problem. They ARE the enemy........not Muslims, not terrorists, not the BNP, nor any other demonised group. Just remember who is doing the demonising.....and why.

Our enemies are the oligarchs (and their international partners) at the top of our own ruling class !



Here is one simple argument demonstrating that we can know definitively that the banking interest controls every last corner of our society.

Surely we now know that debt, or usury, is the basis of our entire culture. It defines everything else about us.

But......the mechanism at the heart of this reality, the money creation at interest by privately owned corporations is NEVER discussed within our schools. We are not told how this system came about nor what came before it nor any of the alternative systems that have existed over the centuries. The same is true of universities. Business Schools educate their students within a sole invented (bullsh*t) economic paradigm that is the Keynsian model (i.e. THEIR model).

Likewise in the mainstream media and in the British Parliament (and Congress and the U.S. Senate). Never a suggestion that realistic alternatives and solutions to our current debt enslavement are perfectly possible. It is written into the EU Charter and Lisbon Treaty that European member states are FORBIDDEN from creating their own currency independent of the international banking system.......so whose interests are these treaties written to serve?

There is only one possible answer to that question and it is not 'we the people'.

The hyper-successful author, media darling, friend of the Rothschilds and Harvard Professor of Economic history, Niall Ferguson, wrote a best-selling history book recently called "The Ascent Of Money". I bought this book to see what he had to say about the struggle been successive US governments and the central bankers for control of America's money creation (and hence, control of the country and its politics). This is the real, vital history that has defined America at every stage of its development over the last two centuries.

Eight times the banks have been kicked out by the politicians. Eight times they have rallied, bought politicians and re-established financial hegemony until their final installation of The Federal Reserve in 1913 (JFK's Executive Order 11110 returned to the U.S. government the power to issue currency in June 1963, but this activity lasted as long as the remainder of his life, about 4 months).

The not-so-amazing discovery you can make for yourself on inspecting this 'top-notch' academic's highly-praised and 'definitive' history is that NOT A DETAIL OF THIS FUNDAMENTAL STRUGGLE APPEARS IN HIS NARRATIVE.

Everybody in any position of influence seems to know what is good for them.

This man is a fraud, a professional liar and a traitor to the interests of his own people.......and see how he prospers.

He is no exception, but rather represents the rule. Venal servitude and a lack of integrity are the passports to success. Politicians, businessmen, financiers, media persons, academics......it works the same everywhere.

The entire system is under the total control of the money power.

How can anybody deny this?

Raise these questions with your elected reprasentatives. Raise them with your work colleagues.

Educate for change.

Promote non-cooperation with authority and division among the ranks, particularly the higher ranks. How long would soldiers continue to fight in service of bankers, corporatists and drug-traffikers if they became aware they were fighting and dying, not to prevent terrorists from attacking their country but to further enrich and empower the super-rich and to more deeply enslave their families at home?
We, our brothers and our sisters are serving this beast by our participation in their systems. We may feel we have no choice but there is much we can do.

ENOUGH IS ENOUGH.




A brilliant article by Ellen Brown, "Deficit Terrorists Strike In The UK
Is The US Next?" on this same subject is well worth reading:
http://www.webofdebt.com/articles/deficit_terrorists.php



Also watch 'The Moneymasters' on Google Video (3 hour 35 minute documentary) to see the real history of money, its undermining of political systems, its financial collapses and wars. A brilliant exposition:

http://video.google.com/videoplay?docid=-515319560256183936#

23 comments:

  1. Bang, slap on target Kev. Every time some useless talking head on the boob tube starts talking about the “national debt“ that WE must pay I want to scream.

    The crooks and criminals who deliberately gambled their funny money on fraudulent loans are sitting pretty. It’s a bank heist that just keeps on giving.

    For at least a decade or more they have used the excuse that they must be paid exorbitant wages and bonuses to retain their talent that otherwise would be lost in a “free market”.

    We aren’t hearing much of that dogma at the moment. Profits are private and losses are collectively passed onto the citizens/tax payers. I seem to remember reading something similar from the past. The modern system, whereby money is in reality debt, must end.

    To repudiate this vile hydra is a truly revolutionary act. If the banks get the power to regulate the banks then they finally become the sovereign power. They must be the focus of the revolution.

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  2. Thank you. Of course this is true and nothing but divine intervention however it is cloaked or revolution will work. Nothing ever works until these miscreants are strung up. That is the hard cold reality. I don't push or represent this. I merely recognize it. Cosmic forces or sheer material pressure from below comes to the same circumstance and the latter is proven by simple physics for those who understand math as no more than the white snow that melts and fills the valleys with color.

    If anything else worked it would have worked already.

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  3. Absolutely spot on Kevin. Can I suggest another, excellent, series of videos by Damon Vrabel who once served the financial empire he describes but now works as a writer and 'post-neoclassical economic philosopher.'

    He describes perfectly the disastrous banking system we currently operate under as well as exposing the myth of free enterprise and how society is structured in a pryramidical fashion. The inevitable result of which is the great mass of people being the servants (slaves) of a parasitical elite.

    http://revolutionharry.blogspot.com/2010/06/rise-of-financial-empire.html

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  4. I read a lot about the mass awakening of minds as people become aware of how their perception of reality has been manipulated by the powerful few. Unfortunately I see little evidence of this.The banking bailout is a good example of how the masses will take whatever is thrown at them. The slumber continues. I'll write to my MP, George Osborne, as soon as the world cup finishes.

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  5. good article, I sent an email to hm tresuary seeing they asked for ideas about paying this debt, sent it a couple of weeks ago, never got a reply.
    Asked if the bank of england was nationalized after second world war does that not make it government owned (which we know it is not).
    If its owned by the government that means its owned by the public so who is the debt being paid to, are we paying ourselves if so will look forward to the cheque in the mail.
    also mentioned about money being created from fresh air and being worthless IOUs so just wipe out the debt and start again. Will never get a reply to it. Bunch of parasites

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  6. Who is the debt being paid to? To private investors (including pension funds, insurance cos, etc) who buy government bonds with money that already exists; and also, of course, to the commercial banks, who create the money to buy them brand new, specifically for that purpose. (Since the commercial banks now create virtually our entire money supply, this means that the purchase price of bonds bought by non-bank investors is owed twice over: once to the people buying the bonds, and once to the banks that created the money in the first place.)

    I agree absolutely about governments having the duty to create the nation's money supply, but it's the commercial banks that have the privilege of doing so at the moment, not the Bank of England (which only issues notes and coins, a mere 3% of the money supply). All non-cash money (97% of money in circulation) is created in the form of "loans" by the high-street banks to their customers.

    The Bank of England (Creation of Currency) Bill 2010 - http://www.bankofenglandact.co.uk/ - proposes a simple reform that would remedy this by making it as illegal for the commercial banks to create non-cash money as it already is for them to print notes or mint coins. Instead, publicly-created money, issued free of any debt at source, would be spent into circulation on infrastructure and public services. Banks would be restricted to competing for deposits, in order to lend out this already existing money.

    Tell your MP about the Bill, and demand publicly-created, debt-free money.

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  7. Yes, you're right about the commercial banks creating 97% of our money, and perhaps I should have stated that clearly......

    .......but the point I'm making about the Bank of England is that it is certainly representatives of these commercial banks on its board and within its top management that dictate its activities.

    The BOE clearly works for them, not us....other than that it attempts to keep us in a condition of sufficient good health for profitable exploitation.

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  8. Re The Bank of England (Creation of Currency) Bill 2010....

    .....I received an email about this a couple of months ago (are you the person person behind Call4Reform.org?)....

    This is a great initiative and, for myself, I raised this issue with my own MP about 4 years ago. However, I think that such an important, basic and power-challenging development will never become possible until a much broader awareness and, perhaps, anger is created amongst the public at large re this issue.

    MPs?.......a waste of time in my experience. They didn't get where they are today by telling powerful people "I'm going to bring you down."

    ....but, hey, yes, approach your MP with this brilliant proposal.

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  9. Rotschilds own ALL national or central banks in the world - except 7. They also own 50%s of all wealth. The rest is plit between the Rotschield/illuminati-lackeys as J.P.Morgan,Soro,Rockefeller and that ilk. 10% is owned by the people of this planet. As parasitisme is not a human trait-look for reptiles.

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  10. Albert Einstein was a fraud. In his Special Theory of Relativity he expects us to believe that of two identical clocks each one can run faster (or slower) than the other. This is impossible and the theory is easily refuted. In his General Theory of Relativity we are expected to believe that matter can warp a completely fictional entity known as "space-time". This again is complete nonsense - how can you warp NOTHING? And why do academics toe the line?

    It most definitely is a conspiracy. Overlooking blatant mistakes and ignoring obvious illogicalities (euphemism: "paradoxes"), that a child laughs at, is not human nature - unless the human intellect has been coralled, dumbed down and irretrievably stunted. How does one explain academical adherence to nonsense? Maybe it's pensions, grants, salaries, peer group pressure and herd-mentality, or worse: shut up...or else.

    All those "proves Einstein right" experiments have been questioned by heavyweights in the field and no satisfactory answers have been given. Remember the Venus fiasco. All these experimental results need not invoke Einstein for explanation. If time dilation is possible in the real world, then it is in no way explained or even described correctly by Einstein's special and general hogwashes where he juxtaposes, willy-nilly, clock time and elapsed time. Read Professor Herbert Dingle's "Science at the Crossroads", and how he was defeated by the Matrix.

    It's not only in cosmology and astronomy. It's the same in archaeology, geology, history, religion, economics etc, etc - where the truth is systematically being denied us and covered up to be replaced by laughable absurdities. You may wish to learn who is imposing the Matrix, and how and why.

    When a brain-dead newsreader tells you your country has x zillions of debt, have you never asked "Gee, who do we owe all that money to?" The International Bankers (IBs) with their global network of central banks is the correct answer. So how do they create this credit to loan to governments at interest for which we have to pay taxes? The correct answer is: it's a scam.

    "The modern banking system manufactures money out of nothing. The process is perhaps the most astounding piece of sleight of hand that was ever invented. Banking was conceived in iniquity and was born in sin ... The Bankers own the earth ... if you wish to remain the slaves of Bankers and pay the cost of your own slavery, let them continue to create money and control credit."
    - Sir Josiah Stamp, Director, Bank of England (the UK's Central Bank), in the 1920s

    Basically, by using fractional reserve banking, if the central banks loan a government y millions (by swapping government bonds for credit), they can then loan commercial banks and other financial institutions 10y millions at a discount rate. These 10y millions are not covered by their assets and deposits, they're covered by the taxpayers - as we and our descendants will find to our cost. This is money/credit created out of thin air. The commercial banks, et al, can then do likewise and charge us any interest.

    The present - completely unnecessary - global recession and "credit crunch" (hahaha) are all about the IBs calling in their loan debts (on money they have created out of nothing) and owning the entire Earth. The elite IBs are, almost to a man, of the same tribe as Einstein: Khazar-Jews. The latter also own or control nearly - if not - all of the major global media. These are our Matrix imposers, with millions of their minions (including elite Gentiles) being the Matrix enforcers.

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  11. Sorry Jim,
    Removed three posts. Entirely off topic, in my opinion.

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  12. I think the worst thing here is that I and no doubt many others don't want to use banks. I remember the last time I got a wage packet, at the end of the week in those little brown half sized envelopes. You'd get your amount of hours worked, tax deducted and what was inside was your takehome pay. That was around '92. When I moved down south to London, I couldn't get a job (other than cash in hand) that would hire me unless I had a bank account.

    The way to beat the banks is simple - stop using them, but then how on earth are we supposed to do that when we can't get jobs unless we have bank accounts?
    It's about the common man uniting and I can't see that ever happening.

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  13. Hi Kev,

    Excellent article, you make your point as clear as glacial water.

    I am with Visible on this one as I firmly believe it will take divine intervention to 'throw the money changers out of the temple' this time. They infect every fabric of our lives and the sheeple are addicted to materialism/consumerism as bad as any skag head I ever seen. The 'banksters' are the elephant in the room however as long as we fund and vote for the useless whores in Westminster, the perfect fall guy is always available for the bankster owned lying media whores.

    We need to nail the pimp and focus on the head of the beast.

    Jim

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  14. Sharon Farrow21 June 2010 03:43

    How much clearer? Why are people accepting this blatant theft and control?

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  15. Quote: ".....We need to nail the pimp and focus on the head of the beast."

    Yup.

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  16. In 1694 a group of foreign plutocrats (actually from Amsterdam) put up enough gold to call themselves ‘the Bank of England’ They floated paper money, ‘multiplying’ the real wealth they had about 15 times – i.e. created money out of nothing AND charged interest, was it 6% on that. This was a source of fabulous wealth for people doing nothing whatsoever of any social value – just printing money and charging interest….
    That’s when the scam began- the so-called ‘national debt’ has been growing arithmetically ever since.
    As Kevin has pointed out, that debt is totally fictional and nonexistent.
    Its grown so big now that every country in the world imagines that it is in debt – to who? Nearly everyone these days is ‘in debt.’ As a remedy, I recommend (for a start) talking about the early period in America’s history when it enjoyed huge and rather sudden affluence, because its ‘greenback’ currency printed by Abe Lincoln was printed and circulated debt-free: the time of Benjamin Franklin.
    Clearly the international bankers could not let that last – the gripping tale is told in The Money Masters. What here matters is that we are approaching 2012 which is the 200th anniversary of the British invasion of America and burning down Washington DC, and as told in the Money Masters this was basically Empire (OK, call them illuminati) teaching America a lesson for wanting its own currency that could be printed debt-free.
    Today its rather like living next to a black hole – sucking away wealth and value from everyone. I’d say this is an ethical moment to stop paying tax. ‘No tax for war.’ If you can show me that not one penny will go to Israel, not one penny will go to war, then yes I’ll pay it ( ) Mortgage – the ‘grip of death:’ maybe we need a collective falling-out from paying these.
    Also let’s meditate carefully on what ‘Anonymous’ writes (19 June): ‘All non-cash money (97% of money in circulation) is created in the form of "loans" by the high-street banks to their customers.’ – in other words, your mortgage was created by your signing the document, it did not exist before! The bank doesn’t sign anything, only your signature is on it, that ‘makes real’ the money – on which you then pay the interest!
    Nick K.

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  22. Hi Kevin, Excellent article on the public loathing of MP's. Unfortunately the dumbed-down British public are too busy watching soap operas to go out and besiege Downing Street for any one of those reasons you listed. It's a case of preferring a comfortable lie to an uncomfortable truth (namely that Yes, elements in our own government are prepared to kill their own citizens just like they're currently killing Iraqi, Afghani and Libyan citizens...none of whom ever even threatened us let alone attacked us.)If "rebels" in England attacked Parliament with weapons and artillery, wouldn't the government respond just like Ghadaffi did? Why is that any of our business...? Very selective "humanitarianism" indeed. The UN won't be attacking China any time soon. Why? 4 million men in the army and nuclear weapons..! That's why...
    Never mind----after the news there's always the sports results and the latest episode of Strictly come dancing...

    PS: I saw your post on the truthseeker site but the editor@thetruthseeker.co.uk email keeps being rejected. Do you know another email address please...?

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  23. I have another email address for Rixon but should not post it online. If you send me a private email at kevinboyle18@gmail.com I'll send you his working address.
    KB

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