.
I can not claim to fully understand the banking system and all the devious ways it finds to make a profit without itself producing any material thing that is of use to anybody.
What it does create is fiat money (an abstraction, a medium of exchange that is recognised by governments and therefore by the governed).
One of the most basic and obvious things we all realise about this banking system is that it makes its owners extremely, incredibly, monstrously rich. It makes those who run the system merely 'rich'....and leaves the great mass of humanity in a position somewhere between 'comfortably enslaved' and 'absolute destitution'.
Another small (or maybe large) breakthrough in my understanding of this racket occurred when I watched Australian Professor of Economics, Steve Keen, being interviewed by Max Keiser here.
His analysis bears repeating.
It is not 'rocket science' but he exposes yet another fundamental and concealed aspect of the fraud that has been perpetrated against the honest citizens of the world since the introduction of this satanic system.
TWO KINDS OF DEBT
There is PRIVATE DEBT and PUBLIC DEBT.
PRIVATE DEBT
This is the kind of debt created by the private banks with no government involvement, i.e. mortgages, personal loans and (much more significantly) debts resulting from the gambling activities of these banks on the international markets. Webster Tarpley and others called these debts, the result of the creation of a massive 'derivatives' bubble, the cause of the 2008 banking crash. The banks have created about $ 1.5 Quadrillion dollars worth of these 'assets'. $1.5 Quadrillion is $1500 Trillion or $1,500,000 billion (about 10 times the value of everything on earth). When dealers collectively realised that the 'goods' they were buying and selling were fraudulent the system collapsed and the banks were 'skint'.
This PRIVATE DEBT, not public debt or any action taken by our governments nor any actions of our own, created the crisis. We sort of know this.
PUBLIC DEBT
We also know that the banks were saved by the creation of PUBLIC DEBT. That's US putting money into the system that (don't laugh) WE BORROWED FROM THE SAME PENNILESS BANKING SYSTEM. And herein is the heart of the scam against humanity, but we'll let that pass for the moment.
Every victim country of this scam has been told that their problem is TOO MUCH DEBT so we have to 'cut back' to reduce that debt.
As Keen brilliantly points out, this is like a psychopath coming along with an axe and chopping your arm off. Next a doctor rushes in and applies a tourniquet to your wound to stop the bleeding.
The axeman then accuses the doctor of causing your arm to fall off.
NO.
Public debt (the doctor) is not the problem. Private debt (the psychopathic axeman) is the problem.
Our focus should be on dealing with the Private Debt (debts incurred via bank lending and trading).
We should not be attacking ourselves because of public debt. We should be dealing with the private debt.
.....The best solution is to let the banks fall and begin creating our own money debt-free.....
But even if this is not going to happen any time soon, we should realise that are not "living beyond our means."
The money system does not operate like a household budget.
REPEAT. THE MONEY SYSTEM DOES NOT OPERATE LIKE A HOUSEHOLD BUDGET.
WE KNOW THAT THE CONSEQUENCE OF THIS MINDSET (DELIBERATELY CREATED FOR US BY THOSE WHO PROFIT IT) IS THE TRANSFER OF REAL WEALTH FROM OURSELVES TO THE CRIMINALS WHO HAVE ALREADY ROBBED US ONCE.
Look at Greece. As Keiser reports it is crawling with parasite international financiers expecting to buy Greece's assets, its water, its airports, its docks etc for 'cents on the dollar' because Greece 'cannot pay its debts'.
In this crooked game the point will always be reached where nobody can pay their debts.
The 2008 engineered destruction of the banking system was a prelude to the greatest theft in history. The Protocols of Zion describes this method of destroying and occupying nations very clearly. The Press will support the banking criminals and the end-game is war.
A MAJOR MECHANISM OF WEALTH TRANSFER
Bankers are paid according to their ability to inflate the money supply, i.e. create debt.
While increasing debt rewards them proportionately* we must accept 'austerity', i.e. cuts in wages.
So....as the people lose money the bankers gain again. They profit both from debts created and from the inability of people to repay their debts as an economy shrinks.
The thing is if we really want to deal with the main problem, private banker-created debt, surely we should be reducing that debt as a fraction of the total money supply.
We could do this by INCREASING WAGES.
This would cause inflation and would probably not make anyone directly richer but it could be managed in such a way as to reduce the relative size of the private debt burden that so threatens the people.
A strategy of job creation and high rates of pay linked to the increase in money supply would push back the significance of debt and the bloated incomes of bankers compared to the size of the overall economy.
i.e. a fairer share of the wealth would go to the people who create it.
OK, we know this won't happen, but we need to be armed with an awareness of these issues in order to challenge the bullsh*t that is destroying us.
WE MUST NOT LET THESE LYING LIARS CONTINUE TO ROB AND ENSLAVE US BY THEIR LIES AND BY THEIR CONTROL OVER THE LYING POLITICIANS WHO PUT A WILLING FACE ON THEIR LIES FOR THE SAKE OF NARROW PERSONAL ADVANTAGE. AN ADVANTAGE THAT THEY WILL ONE DAY, PROBABLY QUITE SOON, REALISE WAS NO ADVANTAGE AT ALL.
In the end PUBLIC DEBT will be eliminated by governments taking back the power of money-creation to themselves from private banks.
PRIVATE DEBT will be eliminated by turning the clock back a few hundred years and MAKING USURY ILLEGAL or, better still, a hanging offense.
* Is it not also mad that debt is written into a banks books as an 'asset'. What, therefore, is the borrower paying interest on exactly....when the full sum, instantaneously and magically, is realised by the bank the millisecond the 'loan' is created for a customer?
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Friday, 24 June 2011
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It is Armed forces day today and up to 2000 military men and women will march through Edinburgh. There will also be a fly past by the RAF's latest expensive toy called a Typhoon. Where the suited men of the world's banking industry along with their high tech laptops have failed to impose the above system on other nations, Our military have, without question, imposed it on them with the aid of the bomb and the bullet. Steve Keen's brilliant analogy is all to clear to the Greeks,the rest of the western world will without doubt soon follow suit.
ReplyDeleteKev.
ReplyDeleteI'm not an economist either, although I've made much effort to try and get my head around it.
I like the to hear these 'alternative' economic voices, but to me, they always seem to miss the the most significant point. They discuss methods of tinkering within a usurious economic scheme. No what matter what tinkering is done, i.e. the Greenspan/Bernanke type of the Keiser/Keen type, the usurious framework they operate will always cause them to fail. All the alternative economists would do is perhaps lessen the rate of economic collapse or make it take on new unfamiliar forms.
Max in particular has been saying for a number of years now, "raise interest rates" and Keen here was proposing the same thing by increasing wages. But interest is a key part of usury, facilitating debt. And fiat currency by nature is also inflationary.
So after watching these kinds of alternatives, I end up sighing and shaking my head at the folly of it all.
Although the Christian church in the past is known to have had serious corruption issues, it should be remembered and praised for upholding the prohibition of usury for something like 1500 years. The corruption in the church could (I postulate) have been repaired up until that point when Calvin et al open the usury sluice gates, to the delight of certain you know whos, but after that point, institutionalised Christianity was dealt a fatal blow.
Almost exactly the same thing is happening in Islam.
Whether Keen's ideas have a general validity, I don't think they apply to the Greek situation: it is in the Euro and thereby incapable of causing inflation. I don't know for sure but I would imply that Greece has two classes of workers, those who work for or receive pensions from the government and those in the private black economy. The situation in Greece is one of mounting public debt which can only by cured either by leaving the euro and adopting Keen's nostrum or by public servants taking a reduction in wages and foreign banks owning Greek bonds taking haircuts; in that way public debt will be reduced and the rate of increase of it will reduce and the ability of wage earners to increase the trade imbalance with the rest of the Eurozone (buying mercs etc) will be reduced. Thus the Greek economy will slow but be put on a more even keel.
ReplyDeleteOnly one country has followed the correct strategy and that was Iceland. They point blank refused to allow the private debts of the bank to be backed and transferred to the public.
ReplyDeleteSweden did the same thing back in the 1990’s. They guaranteed all the people’s savings on the provision that the shareholders and bond holders took a ‘haircut’.
http://www.creditwritedowns.com/2008/08/swedish-banking-crisis-response-model.html
The recent banking crisis was deliberately created and the puppets were already in place to ensure that correct outcome. The massive transfers of debt to the public in the primary banking Capitols freed the vultures to ravage the smaller victims – hence Greece.
Goldman Sucks worked hand in glove with the Greek government to cook the books and hide their banking crisis. Yep – the Greek banks were screwed and not the country. Anyone see a trend here? Don’t get me started on Ireland.
They create their private debt out of thin air while they repossess real property from default mortgages and loans. As you have noted they are flush with bailout money injected from the central banks. Money borrowed against our quality of life, pensions and above all else our blood and sweat to buy real assets – utility companies, land, toll roads and everything else tangible.
Bastards!
They create out of thin air the ability to own everything tangible in existence – with monopoly money. Note that no one mentions the central banks – the public debt holders. Why has the GB government transferred even more power to the whore of Threadneedle Street?
They have their fingers on the detonator at all times. The City of London has its own Mayor, police force and is in effect a separate sovereign unit. Do they have our best interests at heart – not bloody likely.
Sorry Kev but I feel this is the core of the matrix’s web of control and we live in a world where most people are proud to say they don’t understand economics. I don’t know the ins and outs of Credit Default Swaps and derivatives but I recognise the basics for what they are – handcuffs and landmines.
Both you and lwtc247 are correct, the key to the future is the end of usury – no exceptions. Calvin had some interesting backers and background–some would call them Venetians if you follow my drift. They can stick the gold standard argument where the sun doesn’t shine because we know who owns all of that.
Wage increases would work as you say in a world where the game isn’t rigged and the coming crash was not the desired outcome. In the current fiat system by inflating the money supply and printing money it waters down the current assumed value of savings.
The pensions are toast – ask the Irish. George Carlin said it a while back and this is what we face. Work till we drop.
http://www.youtube.com/watch?v=ALlzClE67os
Bankster bunting is the only solution. The nest phase of banking collapse is about to commence and no matter what they throw up to distract us all we must remember the true culprits.
It is a sad thing when the world is governed by the minds that are revengefull, hatefull, paranoid and also in the mood for raising hate and anger, jeallosy and bitterness. The minds of men rule the world, and their minds are focused on war, and on killing the enemy.
ReplyDeleteTo be able to kill the enemy, the paranoid mind needs to build up hate, and also to explain to the world whow bad the enemy is.
The hatefull, paranoic mind of men, should not be allowed to rule states and the world. But everywhere it does, and therefore the world looks like it does.
The male minds are warmongerous, and seeks for, and lusts for, the war. To be able to do war, it needs the hate. So the hate is everywhere being built up. It is seeked for, looked for, and being promoted.
The minds of men should be forbidden to rule the states and the world. Especially those who are extremely revengefull, hatefull and paranoic towards the ones who do not belong to his own kind.
The male minds are warriours, and can not be anything ells.
Unfortunatly for the rest of the worlds population, women and children.
At the root is the issuing power of money being completely controlled by private corporations. All money, with the present setup, enters the system as debt. As it is interest bearing there is never enough money in the system to pay back the capital plus interest, and of course this was the intention. It is really very simple.
ReplyDeleteMind you, even if governments regained control of the issuing power of money, it would still be used as a tool of social control and manipulation. We are lead to believe money originated solely as a means of exchange, but it has also always been a means of sociological manipulation. Rulers in classical period anatolia, where the first examples appeared, specifically lydia, minted electrum coins stamped on one side only with symbols associated with the ruling house. Initially these consisted of various animals such as bulls, rams and other designs. However, busts of specific rulers followed very quickly, these being accompanied by various legends promoting the king or his interests. Coins were a very powerful propaganda device from the get-go, trumpeting the ruler's greatness far and wide. Look at the money in your pocket today, emblazoned in many states with pictures of dead men, national "heroes" to be celebrated. Just another piece of sociological cement to keep us locked into the wall of "civilisation".
we live with a set of false realities and erroneous assumptions so deeply ingrained and so total that we believe we can tinker around with the workings of "civilisation" in order to fix it and make things operate in our favour. This is a lie. Civilisation has never been about anything more than harnessing the power of various populations in order to benefit the few, and it will never be about anything else. Man was never meant to live in the soul destroying cancerous constructions we call cities. We need to live free and roam the earth with the rest of nature's creation, it is what we are. The elite have made us into a new species, Homo Sapiens Domesticus. We have become little more than domesticated beasts of burden.
These are the best comments I have heard whilst trying to research all through this catastrophe. The elites seem to have us were they want us. The most important part of that control is the so-called free mainstream media(MM). Even when they are forced to acknowledge the problem the MM trot out the old party line. Too big to be allowed to fail, proper regulation must be put in place (even though they know it won't) and this must never happen again, LOL.
ReplyDeleteI believe, and we are seeing something like it taking shape in small ways is, non-violent, refusal to go along with the system.
Well put Anonymous. Not sure I agree with this though:
ReplyDelete"Civilisation has never been about anything more than harnessing the power of various populations in order to benefit the few, and it will never be about anything else."
It is possible that we will create an entirely different kind of 'civilisation' based on smaller more connected social units.
Kev, i should have been more precise with that statement. By civilisation i meant the large, artificial conglomerates of disparate peoples we call states or countries. I do agree that we could construct some sort of affair based around small communities, loosely affiliated on some basis. But that would technically no longer be civilisation, it requiring an overarching political, legal, technological and religious framework to be deemed as such. But i know what you mean. I do tend to take quite a cynical perspective on our 'historical' development.
ReplyDeleteHowever, the technological cat is out of the bag, we have opened pandora's box of horrors. Can it ever be closed again? Technology has always facilitated the increasing centralisation of power, and will continue to do so. The psychopaths amongst us will always find ways of manipulating our technological 'progress' to favour themselves, and to everybody else's detriment. I believe we will have to take a long, cold, hard look at whether we want our toys or our freedoms, both physical and psychological. The time is soon coming when we will no longer be able to make that choice. Technology has brought us here and i'm not sure it can extricate us from our predicament.
But, maybe anything IS possible, lets hope so.
I enjoy liistening to Max Kieser on Russia Today because he always makes me smile with his sataristic analysis. But he seems to back a return to a Gold based system. The trouble with this is if like me, you dont have any Gold then you remain poor. But if our Government was to issue a limited fiat currency which has no interest to pay to anyone, least of all the Banksters then we would all benefit immediately. This is how the U.S. became so prosperous prior to 1776 and the real reason behind the revolution. Also I like the idea of starting from scratch and giving everyone a lump sum to go and put back into the economy as they did in Australia. This creates a happy atmosphere and drives spending up. Austerity just leaves everyone fearful and tight fisted. Thus the economy wheezes along until those who created the problem deem it a suitable time to increase the money supply one more and drag us even further into their web of debt. I totally agree with you on the issue of usary, it is straight out of the protocols of Zion and the very means of enslaving us Goyim to our corporate masters. Looking forward to seeing strange Saville Row bespoke suited fruit hanging from the lamp posts outside of the large banking houses in the very near future.
ReplyDeleteAgree about the 'gold' thing and Max Keiser. Bill Still, who presents the amazing 'Money Masters' documentary says the government must create its own 'fiat' money. He is surely right. The whole point is to spread the wealth more fairly not find another means of handing it over to those who already hold that wealth.
ReplyDeleteAndrew
ReplyDeleteThe problem I see with people advocating the gold standard is that they all seem to advocate it as the ‘gold standard’ was/is, i.e. credit/paper etc, but not the bullion of gold and/or silver by weight and volume. Unfortunately we know who has most of that and we also know only too well they wont distribute it as a fair way to achieve a fair means of exchange that can’t be issued from thin air.
Another side of the coin and Usury problems is with fiat money advocated by others, is that any amount of credit/means of exchange can be issued that sets up more rapidly what the so called PTB have done in that ‘all good deeds are punished and all bad deeds are rewarded’ with that issuance, so some people go along with them and do their bidding for them.
History shows us that taxes were used to remove the bullion from the people when it had been attempted to use it as a fair means of exchange (Taxes were always unlawful in Gods Law) taxes were usually to fund wars and buy/pay soldiers etc, to make earthly Cesar’s, Kings and despots etc more rich and powerful.
If people had their own land that should be free and distributed correctly and not traded for any means of exchange (Another part of the Law) they would have their own means to produce goods or choose to work with and/or for others. And would more easily allow people to trade with their own none Usurious currencies and/or produce and businesses, with it also being massively more economic in terms of our labour and resources as it would be more local and not wasting our time on all the unnecessary transport.
Look. The elite/rich will ALWAYS have designs on whatever currency is used. Gold, by virtue of the fact it cannot be made, is the best solution at minimising options for abuse by the elite.Why on earth do you think they moved to fiat in the first place? If that fact doesn't make you realise, then really, nothing will.
ReplyDeleteI'm pro-gold. Personally, I'm not saying gold is perfect, but it's the BEST solution, it's the least manipulatable. If people rejected fiat and used gold/silver then I'd say that automatically robs TPTB of much 'say' over gold value. They can horde and flood, but doing so would hurt them too as they must also trade in that same currency, whereas currently, they use gold to escape the hurt that they inflict when launching their fiat currency attacks/speculations.
I'm also for physical gold transactions. e-gold is fiat, e-gold with vaulted physical gold is pretty bad too as when the crap hits the fan, you ain't gonna be allowed into that bank to get what is rightfully yours.
I believe physical gold trading this would help 'check' some excesses of megacorps, {and would have helped prevent them forming previously} although I must say I've not actually codified my collections of rapid thoughts on this.
Gold and silver and certain other commodities have intrinsic value which surely is superman like strong characteristic of a currency.
As for fake gold concerns, well the same argument can be said of fiat currency and all the counterfeit (inc, that QE stuff the Fed's pumping out) or any other currency.
Bill loves his tally sticks... well, do you really 1) expect TPTB to implement them if they work [Gold is different, as there are already working networks of gold/silver traders acting independently of governments] 2) Weren't they only used for infrequent transactions between two parties? How on earth would a tally stick work involving all our daily, multi party transactions? Don't tally sticks fail in all but the most simple and infrequent of cases?
Bill wrongly said limited quantities of gold would stifle economic growth. Bill completely failed to consider growth (and shrinkage) can easily occur via gold trading frequency
A professor of economics said to me once. Average gold extraction amounts pretty much match human population growth rates, which actually matches one of the charity tax rates in Islam. Sorry, I don't have any verifiable data - I simply took his word.
@ Guy. But you didn't own any paper (i.e. were poor) at one stage either. Simply give your labour in exchange for gold as you currently for paper. If your employer doesn't pay you in gold/silver, then use the paper they do give you to go out and get some.
Please, once more think about that first paragraph, and also ask yourself why TPTB have determined why different countries have different currencies.
Surely different countries have different currencies because TPTB can not install a single system without the centuries of build-up to the point at which we now are.
ReplyDeleteThe power inherent in any currency belongs to whoever produces it. The bankers present the same threat whatever system is in place, gold or fiat. we need to literally dispossess them then society must (once again) hold it as holy writ that these people not be allowed to trade in money for interest.
Personally I think the best system would be fiat with the money itself having a shelf-life so that it could not be amassed in quantity by anybody over time (as gold certainly has been and would be in the future).
Andrew
ReplyDeleteThey could simply issue the shelf life means of exchange more rapidly or diminish it so ‘all good deeds are punished and all bad deeds are rewarded’ with that issuance, especially if it’s a centralised issuance rather than ‘smaller more connected social units’.
Where as people with their own land (As per Gods Law) would have the physical produce/means to provide for themselves and their neighbours/society.
They could also trade with gold/silver (bullion by weight and volume/physical) [which can be easily checked to see if its been alloyed and/or mixed with other elements]
And pay no Taxes or interest or debts on loans from thin air (if the local or not so local community want services and some diligent infrastructure they would have the means to pay for it, rather than give taxes over to a small group of people that spend it on what they want rather than the people and that’s usually after they have had their fingers in the till so to speak)
I suppose what I’m saying is that people need to see the wisdom of Gods Laws and see that justice prevails and not participate in Usury where they can or use it against the so called PTB. I won’t pay taxes other than VAT; can’t get away from that unlawful tax most the time. I don’t work for a boss in their? System (why do they/we use that word, Bossor?) They must get an evil kick out of it and want to rub our noses in it.
"fiat with the money itself having a shelf-life" an interesting idea, but one I feel that would cause enormous problems... Imagine the massive scramble to ensure one isn't left standing with a fistful of fiat on expiry day. And then distributing all the new money and collecting the old one. People who have amassed large quantities would simply cash it in for a large quantity of the new currency right? Or accumulate assets to be reconvert into the new currency after the flip.
ReplyDeleteI don't think there is anything wrong with being rich - if it was earned legitimately or indeed if legitimately gained wealth in inherited. I think in the proper culture, one that forbids usury, riches amassed would be in the hands of real philanthropists [probably not these modern day, MSM popularised ones] and that wealth would find its way to to poor and needy. But of course getting such a culture would be very difficult.
A simply Corporation Tax - with no loopholes, with %'s earmarked for the poor is I feel a possible solution.
Isn't gold hoarded as an 'insurance' against possible trouble? If a gold bases system was in operation, I'd imagine most peoples reason for hoarding simply would exist.
If gold was widespread it's "value" would be affordable/usable by all. There is plentiful gold and perhaps more importantly silver to go around. Consumables also function as currency in less "developed" economies and/or where previous metals are scarce.
100% with you on the banksters. Most of their wealth was obtained illegitimately. I believe with gold their power diminishes as they cannot produce it. The mining companies are limited in production. leaching of gold to irrecoverable is low.
With all this is the need to vigilant market and trade inspectors, whose observation targets are in proportion to the profitability or turnover of the business in question.
I believe countries have different currencies simply because that allows for greater manipulation and reverse-robin-hoodism and economic serfdom while trying to ensure gold (like peace) don't break out en masse.
There was at one stage a single currency (correction widespread currency) which stretched from Ireland to China. It was called gold.
Something needs to be done. I don't think owt beats gold.
Gold and silver remain constant while fiat money varies causing inflation, loss of personal wealth through diminished 'buying power'. It is trite to say 'Paper money is not worth the money it is printed on'.
ReplyDeleteIt is not the Gold that varies in value it is fiat currency. A given amount of gold will buy the same amount of goods as it did years ago, unlike the increase paper money prices. As for the usury of interest that just creates debt and inflation. It can only result in wage slaves and legalised theft of the wealth of mankind.
It is no wonder that Islamic countries use the Dinar and the Dirham - inflation proof - gold and silver coin. You may be interested in this video series of 8: The Gold Dinar and The Future of Money - Sheikh Imran Hosein
the UK sold its Gold under the Nu Labour and rendered well and truly bankrupt :: if we don't have any silver then that is certainly true.
As for the euro and the dollar situation we could do worse that consider Peter Schiff's video The Lies a Fed Chairman Tells
and othersBail-outs are not the answer as far as I can fathom from the morass of banker's babble. This guy and Max Keiser makea lot of sense for me